FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226943-07 | ||
Benchmark 2020-B18
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-226943) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov. Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us. This free writing prospectus does not contain all information that is required to be included in the prospectus.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
This material is for your information, and none of Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., AmeriVet Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time. The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the Benchmark 2020-B18 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2020-B18 (the "Offering Document"). The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document. The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document. The information contained herein will be more fully described elsewhere in the Offering Document. The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value. Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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Benchmark 2020-B18 | ||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||
% of | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | ARD Loan | Final | |||||
Loan | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3) | or ARD Balance($) | Type | Type | Rate(5) | Fee Rate(6) | Basis | Maturity or ARD(7) | Maturity or ARD(7) | Term | Term | Date | Date(7) | or ARD Date | (Yes/No) | Maturity Date | ||
Loan | 1 | Agellan Portfolio(2)(32)(33) | 8.0% | 46 | JPMCB | 75,000,000 | 75,000,000 | 75,000,000 | Various | Various | 4.6282% | 0.01347% | Actual/360 | 61 | 61 | 0 | 0 | 07/15/2020 | 08/07/2020 | 08/07/2025 | No | 08/07/2025 | ||
Property | 1.01 | Sarasota Distribution Hub | 1.0% | 1 | JPMCB | 9,452,233 | 9,452,233 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 1.0% | 1 | JPMCB | 9,387,097 | 9,387,097 | Office | Suburban | |||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 0.5% | 1 | JPMCB | 4,762,407 | 4,762,407 | Industrial | Flex | |||||||||||||||
Property | 1.04 | Supervalu | 0.4% | 1 | JPMCB | 3,593,672 | 3,593,672 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 0.4% | 1 | JPMCB | 3,288,462 | 3,288,462 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.06 | Beltway III | 0.3% | 1 | JPMCB | 2,743,176 | 2,743,176 | Office | CBD | |||||||||||||||
Property | 1.07 | 4405 Continental Dr | 0.3% | 1 | JPMCB | 2,558,933 | 2,558,933 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.08 | Beltway IV | 0.3% | 1 | JPMCB | 2,346,774 | 2,346,774 | Office | CBD | |||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 0.2% | 1 | JPMCB | 2,169,975 | 2,169,975 | Industrial | Flex | |||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 0.2% | 1 | JPMCB | 2,142,060 | 2,142,060 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.11 | Silber Industrial Park | 0.2% | 1 | JPMCB | 1,924,318 | 1,924,318 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.12 | Southpark Business Park M | 0.2% | 1 | JPMCB | 1,786,600 | 1,786,600 | Industrial | Flex | |||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 0.2% | 1 | JPMCB | 1,745,658 | 1,745,658 | Industrial | Flex | |||||||||||||||
Property | 1.14 | Norcross Center | 0.2% | 1 | JPMCB | 1,678,660 | 1,678,660 | Industrial | Flex | |||||||||||||||
Property | 1.15 | Goshen Springs | 0.2% | 1 | JPMCB | 1,459,057 | 1,459,057 | Industrial | Flex | |||||||||||||||
Property | 1.16 | Long Point Center | 0.2% | 1 | JPMCB | 1,418,114 | 1,418,114 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.17 | Corridor Park D | 0.2% | 1 | JPMCB | 1,405,087 | 1,405,087 | Industrial | Flex | |||||||||||||||
Property | 1.18 | Southport 1-4 | 0.1% | 1 | JPMCB | 1,364,144 | 1,364,144 | Industrial | Flex | |||||||||||||||
Property | 1.19 | Jameel | 0.1% | 1 | JPMCB | 1,364,144 | 1,364,144 | Industrial | Flex | |||||||||||||||
Property | 1.20 | Beltway II | 0.1% | 1 | JPMCB | 1,323,201 | 1,323,201 | Office | CBD | |||||||||||||||
Property | 1.21 | Braker Center 4 | 0.1% | 1 | JPMCB | 1,282,258 | 1,282,258 | Industrial | Flex | |||||||||||||||
Property | 1.22 | Northgreen 1-4 | 0.1% | 1 | JPMCB | 1,172,457 | 1,172,457 | Industrial | Flex | |||||||||||||||
Property | 1.23 | Minimax | 0.1% | 1 | JPMCB | 1,105,459 | 1,105,459 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.24 | Southpark Business Park E | 0.1% | 1 | JPMCB | 1,023,573 | 1,023,573 | Industrial | Flex | |||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 0.1% | 1 | JPMCB | 995,658 | 995,658 | Industrial | Flex | |||||||||||||||
Property | 1.26 | Rothway | 0.1% | 1 | JPMCB | 982,630 | 982,630 | Industrial | Flex | |||||||||||||||
Property | 1.27 | 2730 Pinnacle | 0.1% | 1 | JPMCB | 831,886 | 831,886 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 0.1% | 1 | JPMCB | 770,471 | 770,471 | Industrial | Flex | |||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 0.1% | 1 | JPMCB | 736,973 | 736,973 | Industrial | Flex | |||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 0.1% | 1 | JPMCB | 709,057 | 709,057 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.31 | Pine Forest Business Park | 0.1% | 1 | JPMCB | 668,114 | 668,114 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 0.1% | 1 | JPMCB | 528,536 | 528,536 | Industrial | Flex | |||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 0.1% | 1 | JPMCB | 524,814 | 524,814 | Industrial | Flex | |||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 0.1% | 1 | JPMCB | 519,231 | 519,231 | Industrial | Flex | |||||||||||||||
Property | 1.35 | 490 Heartland Drive | 0.1% | 1 | JPMCB | 511,787 | 511,787 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 0.1% | 1 | JPMCB | 498,759 | 498,759 | Industrial | Flex | |||||||||||||||
Property | 1.37 | Columbus West - Business Park | 0.1% | 1 | JPMCB | 478,288 | 478,288 | Industrial | Flex | |||||||||||||||
Property | 1.38 | 1155 Bowes Road | 0.1% | 1 | JPMCB | 470,844 | 470,844 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 0.0% | 1 | JPMCB | 463,400 | 463,400 | Industrial | Flex | |||||||||||||||
Property | 1.40 | Cox Business Center | 0.0% | 1 | JPMCB | 457,816 | 457,816 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 0.0% | 1 | JPMCB | 416,873 | 416,873 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.42 | 333 Charles Court | 0.0% | 1 | JPMCB | 409,429 | 409,429 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.43 | 483 Heartland Drive | 0.0% | 1 | JPMCB | 409,429 | 409,429 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 0.0% | 1 | JPMCB | 401,985 | 401,985 | Industrial | Flex | |||||||||||||||
Property | 1.45 | 550 Heartland | 0.0% | 1 | JPMCB | 361,042 | 361,042 | Industrial | Warehouse | |||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 0.0% | 1 | JPMCB | 355,459 | 355,459 | Industrial | Warehouse/Distribution | |||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 8.0% | 3 | GSMC | 75,000,000 | 75,000,000 | 75,000,000 | Office | Suburban | 3.4900% | 0.01347% | Actual/360 | 120 | 115 | 0 | 0 | 02/06/2020 | 03/06/2020 | 02/06/2030 | No | 02/06/2030 | ||
Property | 2.01 | Moffett Towers Building A | 2.5% | 1 | GSMC | 23,376,623 | 23,376,623 | Office | Suburban | |||||||||||||||
Property | 2.02 | Moffett Towers Building B | 2.8% | 1 | GSMC | 25,811,688 | 25,811,688 | Office | Suburban | |||||||||||||||
Property | 2.03 | Moffett Towers Building C | 2.8% | 1 | GSMC | 25,811,688 | 25,811,688 | Office | Suburban | |||||||||||||||
Loan | 3 | Tropical Distribution Center | 8.0% | 1 | GSMC | 75,000,000 | 75,000,000 | 75,000,000 | Industrial | Warehouse/Distribution | 3.5930% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 07/01/2020 | 08/06/2020 | 07/06/2030 | Yes | 06/06/2034 | ||
Loan | 4 | BX Industrial Portfolio(2)(32) | 7.5% | 68 | GACC | 70,000,000 | 70,000,000 | 70,000,000 | Various | Various | 3.5500% | 0.01347% | Actual/360 | 77 | 75 | 0 | 0 | 05/13/2020 | 06/09/2020 | 10/09/2026 | No | 10/09/2026 | ||
Property | 4.01 | Bridgewater Center 1 | 0.5% | 1 | GACC | 4,759,353 | 4,759,353 | Industrial | Warehouse/Storage | |||||||||||||||
Property | 4.02 | 401 E Laraway Rd | 0.3% | 1 | GACC | 3,111,602 | 3,111,602 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.03 | Rochelle 1 | 0.3% | 1 | GACC | 2,545,187 | 2,545,187 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.04 | 350A Salem Church Rd | 0.3% | 1 | GACC | 2,427,491 | 2,427,491 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | 0.2% | 1 | GACC | 2,214,166 | 2,214,166 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.06 | 251 E Laraway Rd | 0.2% | 1 | GACC | 2,140,605 | 2,140,605 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.07 | 7940 Kentucky | 0.2% | 1 | GACC | 2,133,249 | 2,133,249 | Industrial | Flex | |||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | 0.2% | 1 | GACC | 1,772,804 | 1,772,804 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.09 | Enterprise Parkway | 0.2% | 1 | GACC | 1,721,311 | 1,721,311 | Industrial | Flex | |||||||||||||||
Property | 4.10 | Cavalier I | 0.2% | 1 | GACC | 1,699,243 | 1,699,243 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.11 | 1910 International | 0.2% | 1 | GACC | 1,530,055 | 1,530,055 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.12 | Glen Dale | 0.2% | 1 | GACC | 1,412,358 | 1,412,358 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | 0.1% | 1 | GACC | 1,390,290 | 1,390,290 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | 0.1% | 1 | GACC | 1,287,306 | 1,287,306 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.15 | 2270 Woodale | 0.1% | 1 | GACC | 1,257,881 | 1,257,881 | Industrial | Warehouse | |||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | 0.1% | 1 | GACC | 1,235,813 | 1,235,813 | Industrial | Warehouse/Storage | |||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | 0.1% | 1 | GACC | 1,228,457 | 1,228,457 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | 0.1% | 1 | GACC | 1,206,389 | 1,206,389 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | 0.1% | 1 | GACC | 1,162,253 | 1,162,253 | Industrial | Flex | |||||||||||||||
Property | 4.20 | Territorial | 0.1% | 1 | GACC | 1,140,185 | 1,140,185 | Industrial | Manufacturing | |||||||||||||||
Property | 4.21 | Diamond Hill 2 | 0.1% | 1 | GACC | 1,132,829 | 1,132,829 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | 0.1% | 1 | GACC | 1,118,117 | 1,118,117 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | 0.1% | 1 | GACC | 1,103,405 | 1,103,405 | Industrial | Flex | |||||||||||||||
Property | 4.24 | Diamond Hill 3 | 0.1% | 1 | GACC | 1,096,049 | 1,096,049 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.25 | Whippany Business Center 1 | 0.1% | 1 | GACC | 1,081,337 | 1,081,337 | Industrial | Warehouse | |||||||||||||||
Property | 4.26 | The Colony Land | 0.1% | 1 | GACC | 1,044,557 | 1,044,557 | Other | Leased Fee | |||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | 0.1% | 1 | GACC | 1,037,201 | 1,037,201 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | 0.1% | 1 | GACC | 1,022,488 | 1,022,488 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.29 | 7930 Kentucky | 0.1% | 1 | GACC | 1,015,132 | 1,015,132 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | 0.1% | 1 | GACC | 1,000,420 | 1,000,420 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.31 | Gibraltar | 0.1% | 1 | GACC | 993,064 | 993,064 | Industrial | Manufacturing | |||||||||||||||
Property | 4.32 | Diamond Hill 1 | 0.1% | 1 | GACC | 993,064 | 993,064 | Industrial | Warehouse/Distribution |
Benchmark 2020-B18 | ||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||
% of | Mortgage | Cut-off | General | Detailed | Interest | Original | Remaining | Original | Remaining | First | ||||||||||||||
Initial Pool | # of | Loan | Original | Date | Maturity | Property | Property | Interest | Administrative | Accrual | Term to | Term to | Amortization | Amortization | Origination | Payment | Maturity | ARD Loan | Final | |||||
Loan | ID | Property Name | Balance | Properties | Seller(1) | Balance($)(3) | Balance($)(3) | or ARD Balance($) | Type | Type | Rate(5) | Fee Rate(6) | Basis | Maturity or ARD(7) | Maturity or ARD(7) | Term | Term | Date | Date(7) | or ARD Date | (Yes/No) | Maturity Date | ||
Property | 4.33 | DFW Logistics Center (Bldg 3) | 0.1% | 1 | GACC | 993,064 | 993,064 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | 0.1% | 1 | GACC | 963,640 | 963,640 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.35 | 1000 Lucas Way | 0.1% | 1 | GACC | 963,640 | 963,640 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.36 | Lakeview | 0.1% | 1 | GACC | 956,284 | 956,284 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | 0.1% | 1 | GACC | 904,792 | 904,792 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.38 | 9756 International | 0.1% | 1 | GACC | 860,656 | 860,656 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.39 | 350B Salem Church Rd | 0.1% | 1 | GACC | 809,164 | 809,164 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.40 | 6105 Trenton Ln | 0.1% | 1 | GACC | 809,164 | 809,164 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.41 | 300 Salem Church Rd | 0.1% | 1 | GACC | 801,807 | 801,807 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.42 | Tower | 0.1% | 1 | GACC | 794,451 | 794,451 | Industrial | Manufacturing | |||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | 0.1% | 1 | GACC | 794,451 | 794,451 | Industrial | Flex | |||||||||||||||
Property | 4.44 | Production Distribution Center 1 | 0.1% | 1 | GACC | 772,383 | 772,383 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.45 | Culpeper | 0.1% | 1 | GACC | 765,027 | 765,027 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | 0.1% | 1 | GACC | 757,671 | 757,671 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.47 | Cavalier II | 0.1% | 1 | GACC | 742,959 | 742,959 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.48 | World Park II | 0.1% | 1 | GACC | 662,043 | 662,043 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.49 | Diamond Hill 4 | 0.1% | 1 | GACC | 647,331 | 647,331 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.50 | 2290-2298 Woodale | 0.1% | 1 | GACC | 603,195 | 603,195 | Industrial | Flex | |||||||||||||||
Property | 4.51 | 514 Butler Rd | 0.1% | 1 | GACC | 588,483 | 588,483 | Office | Suburban | |||||||||||||||
Property | 4.52 | Northridge II | 0.1% | 1 | GACC | 559,058 | 559,058 | Industrial | Flex | |||||||||||||||
Property | 4.53 | 2222 Woodale | 0.1% | 1 | GACC | 536,990 | 536,990 | Industrial | Flex | |||||||||||||||
Property | 4.54 | Northridge I | 0.1% | 1 | GACC | 514,922 | 514,922 | Industrial | Flex | |||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | 0.1% | 1 | GACC | 485,498 | 485,498 | Industrial | Manufacturing | |||||||||||||||
Property | 4.56 | 1825 Airport Exchange | 0.0% | 1 | GACC | 441,362 | 441,362 | Industrial | Flex | |||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | 0.0% | 1 | GACC | 426,650 | 426,650 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | 0.0% | 1 | GACC | 382,514 | 382,514 | Industrial | Flex | |||||||||||||||
Property | 4.59 | Heathrow | 0.0% | 1 | GACC | 360,446 | 360,446 | Industrial | R&D/Flex | |||||||||||||||
Property | 4.60 | 2240-2250 Woodale | 0.0% | 1 | GACC | 308,953 | 308,953 | Industrial | Flex | |||||||||||||||
Property | 4.61 | 273 Industrial Way | 0.0% | 1 | GACC | 268,495 | 268,495 | Other | Leased Fee | |||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | 0.0% | 1 | GACC | 257,461 | 257,461 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | 0.0% | 1 | GACC | 224,359 | 224,359 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | 0.0% | 1 | GACC | 29,424 | 29,424 | Other | Leased Fee | |||||||||||||||
Property | 4.65 | Production Distribution Center 1B | 0.0% | 1 | GACC | 0 | 0 | Industrial | Warehouse/Distribution | |||||||||||||||
Property | 4.66 | Bridgewater Center 2 | 0.0% | 1 | GACC | 0 | 0 | Industrial | Warehouse/Storage | |||||||||||||||
Property | 4.67 | Laraway Land 1 | 0.0% | 1 | GACC | 0 | 0 | Other | Leased Fee | |||||||||||||||
Property | 4.68 | Laraway Land 2 | 0.0% | 1 | GACC | 0 | 0 | Other | Leased Fee | |||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 7.0% | 2 | CREFI/GACC | 65,000,000 | 65,000,000 | 65,000,000 | Hospitality | Full Service | 3.5580% | 0.01285% | Actual/360 | 120 | 116 | 0 | 0 | 02/14/2020 | 04/05/2020 | 03/05/2030 | Yes | 03/05/2032 | ||
Property | 5.01 | MGM Grand | 3.8% | 1 | CREFI/GACC | 35,425,000 | 35,425,000 | Hospitality | Full Service | |||||||||||||||
Property | 5.02 | Mandalay Bay | 3.2% | 1 | CREFI/GACC | 29,575,000 | 29,575,000 | Hospitality | Full Service | |||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 6.7% | 1 | GACC/JPMCB | 62,850,000 | 62,850,000 | 62,850,000 | Office | CBD | 2.9900% | 0.01347% | Actual/360 | 120 | 113 | 0 | 0 | 11/25/2019 | 01/06/2020 | 12/06/2029 | No | 12/06/2029 | ||
Loan | 7 | 711 Fifth Avenue(2)(34) | 4.8% | 1 | GSMC | 45,000,000 | 45,000,000 | 45,000,000 | Mixed Use | Office/Retail | 3.1600% | 0.01472% | Actual/360 | 120 | 116 | 0 | 0 | 03/06/2020 | 04/06/2020 | 03/06/2030 | No | 03/06/2030 | ||
Loan | 8 | 280 North Bernardo(2) | 4.3% | 1 | GACC | 40,000,000 | 40,000,000 | 40,000,000 | Office | Suburban | 3.9500% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 06/29/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 9 | 420 Taylor Street(2) | 4.1% | 1 | JPMCB/CREFI | 38,000,000 | 38,000,000 | 34,337,262 | Office | CBD | 3.7500% | 0.01347% | Actual/360 | 121 | 121 | 360 | 360 | 07/07/2020 | 08/06/2020 | 08/06/2030 | No | 08/06/2030 | ||
Loan | 10 | 3000 Post Oak(2)(33) | 3.7% | 1 | JPMCB | 35,000,000 | 35,000,000 | 35,000,000 | Office | CBD | 4.9875% | 0.01847% | Actual/360 | 60 | 56 | 0 | 0 | 02/06/2020 | 04/01/2020 | 03/01/2025 | No | 03/01/2025 | ||
Loan | 11 | Chase Center Tower I(2)(32) | 1.9% | 1 | JPMCB | 18,213,750 | 18,213,750 | 18,213,750 | Office | CBD | 3.5219% | 0.01347% | Actual/360 | 59 | 56 | 0 | 0 | 03/12/2020 | 05/10/2020 | 03/10/2025 | No | 03/10/2025 | ||
Loan | 12 | Chase Center Tower II(2)(32) | 1.7% | 1 | JPMCB | 15,536,250 | 15,536,250 | 15,536,250 | Office | CBD | 3.5222% | 0.01347% | Actual/360 | 59 | 56 | 0 | 0 | 03/12/2020 | 05/10/2020 | 03/10/2025 | No | 03/10/2025 | ||
Loan | 13 | Brass Professional Center(2) | 3.5% | 1 | GSMC | 32,700,000 | 32,700,000 | 27,404,688 | Office | Suburban | 4.7500% | 0.03222% | Actual/360 | 121 | 121 | 360 | 360 | 07/10/2020 | 08/06/2020 | 08/06/2030 | No | 08/06/2030 | ||
Loan | 14 | Flushing Commons(35) | 3.0% | 1 | CREFI | 28,000,000 | 28,000,000 | 28,000,000 | Retail | Unanchored | 3.4500% | 0.01347% | Actual/360 | 120 | 116 | 0 | 0 | 02/27/2020 | 04/06/2020 | 03/06/2030 | No | 03/06/2030 | ||
Loan | 15 | Apollo Education Group HQ Campus(2) | 2.8% | 1 | JPMCB | 26,500,000 | 26,500,000 | 26,500,000 | Office | Suburban | 3.3500% | 0.01347% | Actual/360 | 60 | 55 | 0 | 0 | 01/31/2020 | 03/05/2020 | 02/05/2025 | No | 02/05/2025 | ||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 2.3% | 1 | JPMCB | 21,250,000 | 21,250,000 | 21,250,000 | Hospitality | Full Service | 3.1702% | 0.01347% | Actual/360 | 120 | 113 | 0 | 0 | 11/15/2019 | 01/05/2020 | 12/05/2029 | No | 12/05/2029 | ||
Loan | 17 | Southcenter Mall(2) | 2.1% | 1 | GACC | 20,000,000 | 20,000,000 | 20,000,000 | Retail | Super Regional Mall | 2.8800% | 0.01472% | Actual/360 | 120 | 114 | 0 | 0 | 12/11/2019 | 02/01/2020 | 01/01/2030 | No | 01/01/2030 | ||
Loan | 18 | CityLine Augusta Portfolio | 2.1% | 2 | CREFI | 19,700,000 | 19,700,000 | 19,700,000 | Self Storage | Self Storage | 4.3850% | 0.01347% | Actual/360 | 121 | 121 | 0 | 0 | 07/07/2020 | 08/06/2020 | 08/06/2030 | No | 08/06/2030 | ||
Property | 18.01 | Belair Dyess Self Storage | 1.1% | 1 | CREFI | 10,200,000 | 10,200,000 | Self Storage | Self Storage | |||||||||||||||
Property | 18.02 | Wheeler Self Storage | 1.0% | 1 | CREFI | 9,500,000 | 9,500,000 | Self Storage | Self Storage | |||||||||||||||
Loan | 19 | 364 Lincoln(29) | 1.9% | 1 | JPMCB | 18,000,000 | 18,000,000 | 18,000,000 | Multifamily | Mid Rise | 4.1500% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 06/30/2020 | 08/01/2020 | 07/01/2030 | No | 07/01/2030 | ||
Loan | 20 | Jasmine Cove(34) | 1.6% | 1 | JPMCB | 15,000,000 | 15,000,000 | 13,611,011 | Multifamily | Garden | 3.9900% | 0.05347% | Actual/360 | 120 | 120 | 360 | 360 | 06/18/2020 | 08/01/2020 | 07/01/2030 | No | 07/01/2030 | ||
Loan | 21 | Battery Park Lofts | 1.5% | 1 | GACC | 14,200,000 | 14,200,000 | 11,672,932 | Multifamily | Mid Rise | 4.1200% | 0.01347% | Actual/360 | 120 | 120 | 360 | 360 | 06/29/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 22 | Kings Plaza(2)(33)(35) | 1.5% | 1 | JPMCB | 14,108,108 | 14,108,108 | 14,108,108 | Retail | Super Regional Mall | 3.3588% | 0.01347% | Actual/360 | 120 | 114 | 0 | 0 | 12/03/2019 | 02/01/2020 | 01/01/2030 | No | 01/01/2030 | ||
Loan | 23 | 84 14th Street | 1.3% | 1 | CREFI | 12,300,000 | 12,300,000 | 12,300,000 | Office | CBD | 4.2300% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 06/26/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 24 | Edge 32 Apartments | 1.1% | 1 | GACC | 10,000,000 | 10,000,000 | 8,228,201 | Multifamily | Mid Rise | 4.1500% | 0.01347% | Actual/360 | 120 | 120 | 360 | 360 | 06/30/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 25 | Cambridge Club Apartments(29) | 1.1% | 1 | CREFI | 10,000,000 | 10,000,000 | 10,000,000 | Multifamily | Garden | 4.3000% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 07/01/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 26 | 1725 N Commerce Parkway | 1.0% | 1 | CREFI | 9,250,000 | 9,250,000 | 9,250,000 | Office | Suburban | 3.7800% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 06/26/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 27 | CityLine Hattiesburg | 0.9% | 1 | CREFI | 8,280,000 | 8,280,000 | 7,214,600 | Self Storage | Self Storage | 4.3000% | 0.01347% | Actual/360 | 121 | 121 | 360 | 360 | 07/10/2020 | 08/06/2020 | 08/06/2030 | No | 08/06/2030 | ||
Loan | 28 | OrthoSouth | 0.8% | 2 | CREFI | 7,600,000 | 7,600,000 | 6,429,410 | Office | Medical | 4.1500% | 0.01347% | Actual/360 | 121 | 121 | 360 | 360 | 07/07/2020 | 08/06/2020 | 08/06/2030 | No | 08/06/2030 | ||
Property | 28.01 | Primary Parkway | 0.5% | 1 | CREFI | 4,500,000 | 4,500,000 | Office | Medical | |||||||||||||||
Property | 28.02 | Southaven | 0.3% | 1 | CREFI | 3,100,000 | 3,100,000 | Office | Medical | |||||||||||||||
Loan | 29 | Strathmore Apartments | 0.8% | 1 | GACC | 7,300,000 | 7,300,000 | 7,300,000 | Multifamily | Garden | 3.7900% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 07/01/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 30 | 630 W Lake | 0.7% | 1 | CREFI | 6,720,000 | 6,720,000 | 6,720,000 | Mixed Use | Multifamily/Retail | 3.6800% | 0.06222% | Actual/360 | 120 | 117 | 0 | 0 | 03/09/2020 | 05/06/2020 | 04/06/2030 | No | 04/06/2030 | ||
Loan | 31 | 2 Laurel Drive | 0.7% | 1 | CREFI | 6,630,000 | 6,630,000 | 5,274,129 | Industrial | Warehouse/Distribution | 4.0400% | 0.01347% | Actual/360 | 120 | 120 | 360 | 360 | 06/16/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 32 | CityLine Flagstaff | 0.7% | 1 | CREFI | 6,600,000 | 6,600,000 | 5,779,298 | Self Storage | Self Storage | 4.5100% | 0.01347% | Actual/360 | 120 | 120 | 360 | 360 | 06/26/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 33 | 968-970 Gates Ave | 0.7% | 1 | CREFI | 6,500,000 | 6,500,000 | 6,500,000 | Multifamily | Mid Rise | 4.2400% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 07/01/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 34 | CityLine Wisconsin | 0.7% | 1 | CREFI | 6,225,000 | 6,225,000 | 5,682,679 | Self Storage | Self Storage | 4.3500% | 0.01347% | Actual/360 | 120 | 120 | 360 | 360 | 06/19/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 35 | StorQuest Self Storage - Modesto | 0.5% | 1 | CREFI | 5,000,000 | 5,000,000 | 5,000,000 | Self Storage | Self Storage | 3.8700% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 06/09/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 36 | StorQuest Self Storage - Ceres | 0.4% | 1 | CREFI | 4,000,000 | 4,000,000 | 4,000,000 | Self Storage | Self Storage | 3.8700% | 0.01347% | Actual/360 | 120 | 120 | 0 | 0 | 06/09/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 | ||
Loan | 37 | Castle Rock Self Storage | 0.4% | 1 | CREFI | 4,000,000 | 4,000,000 | 4,000,000 | Self Storage | Self Storage | 3.9700% | 0.11222% | Actual/360 | 120 | 120 | 0 | 0 | 06/26/2020 | 08/06/2020 | 07/06/2030 | No | 07/06/2030 |
Benchmark 2020-B18 | |||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||||||||||||||||||||||
Pari Passu | Pari Passu | |||||||||||||||||||||||||||||||||||||||||
Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | FIRREA | Cut-Off | |||||||||||||||||||||||||||||||||||
Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||||||||||||||||||||||
Loan | ID | Property Name | Service($)(8) | Service($)(8) | Service($) | Service($) | Period(7) | Lockbox(9) | Management(10) | Other Loans | Borrower | NOI DSCR(8)(11) | NCF DSCR(8)(11) | Period(13) | Date | Value ($)(14) | As-of Date(14) | (Yes/No) | Ratio(11)(14) | Maturity or ARD(11)(14) | ||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | 293,280 | 3,519,360 | 610,022 | 7,320,270 | 61 | Hard | In Place | No | No | 3.34x | 3.04x | 0 | 7 | 551,000,000 | Various | Yes | 41.9% | 41.9% | ||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | 70,200,000 | 02/17/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 68,800,000 | 02/20/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 34,900,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | 26,720,000 | 03/02/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 24,100,000 | 02/17/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | 20,100,000 | 02/20/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | 18,750,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | 17,200,000 | 02/20/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 15,700,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 15,900,000 | 03/13/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | 14,100,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | 13,100,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 12,800,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | 12,300,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | 10,700,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | 10,400,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | 10,300,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | 10,000,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | 10,000,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | 9,700,000 | 02/20/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | 9,400,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | 8,600,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | 8,100,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | 7,500,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 7,300,000 | 02/20/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | 7,200,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | 6,100,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 5,650,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 5,400,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 5,200,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | 4,900,000 | 02/12/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 3,870,000 | 03/13/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 3,850,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 3,800,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | 3,750,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 3,650,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | 3,500,000 | 02/18/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | 3,450,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 3,400,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | 3,350,000 | 03/13/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 3,050,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | 3,000,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | 3,000,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 2,950,000 | 02/14/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | 2,650,000 | 02/21/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 2,610,000 | 03/13/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 221,155 | 2,653,854 | 1,085,131 | 13,021,578 | 115 | Hard | In Place | No | No | 3.70x | 3.63x | 0 | 6 | 1,145,000,000 | 10/01/2021 | Yes | 38.7% | 38.7% | ||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | 348,000,000 | 01/03/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | 390,000,000 | 10/01/2021 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | 383,000,000 | 05/01/2021 | Yes | |||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | 227,681 | 2,732,177 | 120 | Hard | Springing | No | No | 2.11x | 2.10x | 0 | 6 | 110,000,000 | 04/14/2020 | Yes | 68.2% | 68.2% | ||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | 209,959 | 2,519,514 | 853,079 | 10,236,944 | 75 | Hard | Springing | No | Yes - A | 3.83x | 3.57x | 0 | 9 | 960,750,000 | Various | Yes | 39.6% | 39.6% | ||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | 52,700,000 | 07/29/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | 42,300,000 | 07/22/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | 34,600,000 | 08/01/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | 33,000,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | 30,100,000 | 07/24/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | 28,400,000 | 07/22/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | 29,000,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | 24,100,000 | 08/01/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | 23,400,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | 23,100,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | 20,800,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | 19,200,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | 18,900,000 | 07/24/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | 17,500,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | 17,100,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | 16,800,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | 16,700,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | 16,400,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | 15,800,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | 15,500,000 | 07/24/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | 15,400,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | 15,200,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | 15,000,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | 14,900,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | 14,700,000 | 07/29/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | 14,200,000 | 07/21/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | 14,100,000 | 07/10/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | 13,900,000 | 08/01/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | 13,800,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | 13,600,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | 13,500,000 | 07/24/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | 13,500,000 | 07/19/2019 | Yes |
Benchmark 2020-B18 | |||||||||||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||||||||||||||||||||||
Pari Passu | Pari Passu | |||||||||||||||||||||||||||||||||||||||||
Monthly | Annual | Companion Loan | Companion Loan | Remaining | Crossed | FIRREA | Cut-Off | |||||||||||||||||||||||||||||||||||
Debt | Debt | Monthly Debt | Annual Debt | Interest Only | Cash | With | Related | Underwritten | Underwritten | Grace | Payment | Appraised | Appraisal | Compliant | Date LTV | LTV Ratio at | ||||||||||||||||||||||||||
Loan | ID | Property Name | Service($)(8) | Service($)(8) | Service($) | Service($) | Period(7) | Lockbox(9) | Management(10) | Other Loans | Borrower | NOI DSCR(8)(11) | NCF DSCR(8)(11) | Period(13) | Date | Value ($)(14) | As-of Date(14) | (Yes/No) | Ratio(11)(14) | Maturity or ARD(11)(14) | ||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | 13,500,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | 13,100,000 | 07/11/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | 13,100,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | 13,000,000 | 07/11/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | 12,300,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | 11,700,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | 11,000,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | 11,000,000 | 07/11/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | 10,900,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | 10,600,000 | 07/24/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | 10,800,000 | 07/11/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | 7,916,472 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | 10,400,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | 10,300,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | 10,100,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | 9,000,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | 8,800,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | 8,200,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | 8,000,000 | 07/19/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | 7,600,000 | 07/18/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | 7,300,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | 7,000,000 | 07/18/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | 6,600,000 | 07/24/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | 6,000,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | 5,800,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | 5,200,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | 4,900,000 | 07/11/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | 4,200,000 | 07/12/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | 3,650,000 | 07/18/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | 3,500,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | 3,050,000 | 07/15/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | 3,350,000 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | 2,583,528 | 07/16/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | 12,000,000 | 07/29/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | 700,000 | 08/01/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | 6,400,000 | 07/22/2019 | Yes | |||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 195,402 | 2,344,821 | 4,717,299 | 56,607,582 | 116 | Hard | Springing | No | Yes - A | 4.95x | 4.95x | 0 | 5 | 4,600,000,000 | 01/10/2020 | Yes | 35.5% | 35.5% | ||||||||||||||||||||||
Property | 5.01 | MGM Grand | 2,505,000,000 | 01/10/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | 2,095,000,000 | 01/10/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 158,776 | 1,905,315 | 2,370,023 | 28,440,278 | 113 | Hard | Springing | No | No | 3.93x | 3.84x | 0 | 6 | 2,400,000,000 | 10/24/2019 | Yes | 41.7% | 41.7% | ||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | 120,146 | 1,441,750 | 1,334,954 | 16,019,444 | 116 | Hard | Springing | No | No | 2.94x | 2.90x | 0 | 6 | 1,000,000,000 | 01/23/2020 | Yes | 54.5% | 54.5% | ||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 133,495 | 1,601,944 | 103,459 | 1,241,507 | 120 | Hard | Springing | No | No | 2.31x | 2.27x | 0 | 6 | 120,000,000 | 04/01/2020 | Yes | 59.2% | 59.2% | ||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | 175,984 | 2,111,807 | 231,558 | 2,778,694 | 61 | Hard | In Place | No | No | 1.70x | 1.67x | 0 | 6 | 143,500,000 | 05/01/2021 | Yes | 61.3% | 55.4% | ||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | 147,489 | 1,769,870 | 189,629 | 2,275,547 | 56 | Hard | In Place | No | No | 2.38x | 2.19x | 0 | 1 | 143,900,000 | 11/20/2019 | Yes | 55.6% | 55.6% | ||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 54,198 | 650,379 | 379,388 | 4,552,656 | 56 | Hard | Springing | Yes | Yes - C | 3.89x | 3.87x | 0 | 10 | 466,000,000 | 12/19/2019 | Yes | 31.3% | 31.3% | ||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 46,235 | 554,818 | 323,644 | 3,883,726 | 56 | Hard | Springing | Yes | Yes - C | 3.89x | 3.87x | 0 | 10 | 397,500,000 | 12/19/2019 | Yes | 31.3% | 31.3% | ||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | 170,579 | 2,046,944 | 130,412 | 1,564,942 | 13 | Hard | Springing | No | No | 1.47x | 1.31x | 0 | 6 | 79,100,000 | 06/01/2020 | Yes | 72.9% | 61.1% | ||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | 81,618 | 979,417 | 116 | Hard | Springing | No | No | 2.56x | 2.45x | 0 | 6 | 47,000,000 | 01/23/2020 | Yes | 59.6% | 59.6% | ||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | 75,007 | 900,080 | 183,979 | 2,207,743 | 55 | Hard | Springing | No | No | 4.38x | 4.15x | 0 | 5 | 194,000,000 | 01/06/2020 | Yes | 47.2% | 47.2% | ||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 56,918 | 683,014 | 4,432,760 | 53,193,120 | 113 | Hard | Springing | No | Yes - A | 8.80x | 8.42x | 0 | 5 | 4,260,000,000 | 10/16/2019 | Yes | 39.3% | 39.3% | ||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | 48,667 | 584,000 | 481,800 | 5,781,600 | 114 | Hard | Springing | No | No | 6.70x | 6.53x | 5 | 1 | 980,000,000 | 11/17/2019 | Yes | 22.2% | 22.2% | ||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | 72,987 | 875,843 | 121 | Springing Hard | Springing | No | Yes - B | 2.00x | 1.96x | 0 | 6 | 31,000,000 | Various | Yes | 63.5% | 63.5% | ||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | 16,200,000 | 02/02/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | 14,800,000 | 06/17/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | 63,115 | 757,375 | 120 | Soft | Springing | No | No | 1.70x | 1.68x | 0 | 1 | 27,000,000 | 03/26/2020 | Yes | 66.7% | 66.7% | ||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | 71,526 | 858,310 | 60 | Soft | Springing | No | No | 1.54x | 1.48x | 0 | 1 | 23,025,000 | 03/02/2020 | Yes | 65.1% | 59.1% | ||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | 68,779 | 825,348 | 12 | Soft | Springing | No | Yes - D | 1.36x | 1.33x | 0 | 6 | 20,300,000 | 06/15/2020 | Yes | 70.0% | 57.5% | ||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | 40,037 | 480,445 | 1,342,008 | 16,104,097 | 114 | Hard | Springing | No | No | 3.14x | 3.07x | 0 | 1 | 900,000,000 | 10/17/2019 | Yes | 54.1% | 54.1% | ||||||||||||||||||||||
Loan | 23 | 84 14th Street | 43,960 | 527,516 | 120 | Springing | Springing | No | No | 1.95x | 1.87x | 0 | 6 | 20,200,000 | 03/01/2020 | Yes | 60.9% | 60.9% | ||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | 48,610 | 583,324 | 12 | Soft | Springing | No | Yes - D | 1.42x | 1.39x | 0 | 6 | 14,800,000 | 06/15/2020 | Yes | 67.6% | 55.6% | ||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | 36,331 | 435,972 | 120 | Springing Hard | Springing | No | No | 1.96x | 1.88x | 0 | 6 | 15,300,000 | 06/12/2020 | Yes | 65.4% | 65.4% | ||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | 29,542 | 354,506 | 120 | Springing Hard | Springing | No | No | 3.03x | 2.80x | 0 | 6 | 16,000,000 | 02/18/2020 | Yes | 57.8% | 57.8% | ||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | 40,975 | 491,704 | 37 | Springing Hard | Springing | No | Yes - B | 1.63x | 1.60x | 0 | 6 | 11,825,000 | 06/16/2020 | Yes | 70.0% | 61.0% | ||||||||||||||||||||||||
Loan | 28 | OrthoSouth | 36,944 | 443,326 | 25 | Hard | Springing | No | No | 1.91x | 1.81x | 0 | 6 | 15,950,000 | 06/04/2020 | Yes | 47.6% | 40.3% | ||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | 9,450,000 | 06/04/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | 6,500,000 | 06/04/2020 | Yes | |||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | 23,376 | 280,513 | 120 | Springing | Springing | No | No | 2.46x | 2.41x | 0 | 6 | 12,050,000 | 11/05/2019 | Yes | 60.6% | 60.6% | ||||||||||||||||||||||||
Loan | 30 | 630 W Lake | 20,894 | 250,731 | 117 | Springing Hard | Springing | No | No | 2.29x | 2.22x | 0 | 6 | 10,400,000 | 02/07/2020 | Yes | 64.6% | 64.6% | ||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | 31,806 | 381,669 | 0 | Hard | Springing | No | No | 1.85x | 1.76x | 0 | 6 | 10,400,000 | 05/29/2020 | Yes | 63.8% | 50.7% | ||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | 33,480 | 401,766 | 36 | Springing Hard | Springing | No | Yes - B | 1.45x | 1.44x | 0 | 6 | 9,700,000 | 06/12/2020 | Yes | 68.0% | 59.6% | ||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | 23,286 | 279,428 | 120 | Springing Hard | Springing | No | No | 1.76x | 1.75x | 0 | 6 | 10,500,000 | 03/06/2020 | Yes | 61.9% | 61.9% | ||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | 30,989 | 371,865 | 60 | Springing Hard | Springing | No | Yes - B | 1.50x | 1.47x | 0 | 6 | 9,800,000 | 05/15/2020 | Yes | 63.5% | 58.0% | ||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | 16,349 | 196,188 | 120 | Springing Hard | Springing | No | Yes - E | 3.79x | 3.70x | 0 | 6 | 12,900,000 | 05/25/2020 | Yes | 38.8% | 38.8% | ||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | 13,079 | 156,950 | 120 | Springing Hard | Springing | No | Yes - E | 3.12x | 3.04x | 0 | 6 | 8,300,000 | 05/25/2020 | Yes | 48.2% | 48.2% | ||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | 13,417 | 161,006 | 120 | Springing Hard | Springing | No | No | 3.16x | 3.11x | 0 | 6 | 8,300,000 | 06/01/2020 | Yes | 48.2% | 48.2% |
Benchmark 2020-B18 | ||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||
Net | Units | Loan per Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Address | City | County | State | Zip Code | Built | Renovated | (SF/Units/Rooms)(4) | Measure | (SF/Units/Rooms) ($)(4)(11)(14) | (# of payments)(15)(16)(17) | |||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | Various | Various | Various | Various | Various | Various | Various | 6,094,177 | Sq. Ft. | 38 | L(24), D(33), O(4) | |||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | 6100 McIntosh Road | Sarasota | Sarasota | FL | 34238 | 1981 | 2007 | 906,449 | Sq. Ft. | 32 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 1000 & 1100 East Warrenville Road | Naperville | DuPage | IL | 60563 | 1981, 1988 | 2007 | 482,497 | Sq. Ft. | 60 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 2130, 2150 & 2170 Woodward Street | Austin | Travis | TX | 78744 | 1982 | NAP | 187,075 | Sq. Ft. | 78 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | 1201 John Burgess Drive | Fort Worth | Tarrant | TX | 76140 | 1996 | NAP | 253,800 | Sq. Ft. | 44 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 2151 Airwest Boulevard | Plainfield | Hendricks | IN | 46168 | 1999 | NAP | 434,354 | Sq. Ft. | 23 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | 10900 Corporate Centre Drive | Houston | Harris | TX | 77041 | 2005 | NAP | 130,566 | Sq. Ft. | 65 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | 4405 Continental Drive | Flint | Genesee | MI | 48507 | 1999 | 2006 | 400,000 | Sq. Ft. | 20 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | 4920 Westway Park Boulevard | Houston | Harris | TX | 77041 | 2006 | NAP | 131,702 | Sq. Ft. | 55 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 1800 Sandy Plains Industrial Parkway | Marietta | Cobb | GA | 30066 | 1986 | NAP | 167,329 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 1143 AT&T Center Parkway | San Antonio | Bexar | TX | 78219 | 1978 | NAP | 208,000 | Sq. Ft. | 32 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | 2055, 2105 & 2155 Silber Road | Houston | Harris | TX | 77055 | 1978 | NAP | 198,970 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | 4120 Freidrich Lane | Austin | Travis | TX | 78744 | 1983 | NAP | 72,550 | Sq. Ft. | 76 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 6100 & 6120 West by Northwest Boulevard | Houston | Harris | TX | 77040 | 1983 | NAP | 122,750 | Sq. Ft. | 44 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | 2100 & 2200 Norcross Parkway | Norcross | Gwinnett | GA | 30071 | 1988 | NAP | 169,951 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | 5801 & 5901 Goshen Springs Road | Norcross | Gwinnett | GA | 30071 | 1986 | NAP | 152,319 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | 6500 & 6600 Long Point Road | Houston | Harris | TX | 77055 | 1979 | NAP | 189,680 | Sq. Ft. | 23 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | 100 Michael Angelo Way | Austin | Travis | TX | 78728 | 1999 | 2016 | 56,100 | Sq. Ft. | 77 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | 5975-6049 South Loop East | Houston | Harris | TX | 77033 | 1980 | NAP | 149,401 | Sq. Ft. | 28 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | 9001 & 9101 Jameel Road | Houston | Harris | TX | 77040 | 1983 | NAP | 94,900 | Sq. Ft. | 44 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | 11000 Corporate Centre Drive | Houston | Harris | TX | 77041 | 2003 | NAP | 101,039 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | 2120 West Braker Lane | Austin | Travis | TX | 78758 | 1984 | 1999 | 45,913 | Sq. Ft. | 86 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | 1400-1412 North Sam Houston Parkway East | Houston | Harris | TX | 77032 | 1982 | NAP | 118,736 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | 2301 Minimax Drive | Houston | Harris | TX | 77008 | 1967 | NAP | 119,821 | Sq. Ft. | 28 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | 2100 East Saint Elmo Road | Austin | Travis | TX | 78744 | 1982 | 1992 | 49,966 | Sq. Ft. | 63 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 9385 Washington Boulevard | Laurel | Howard | MD | 20723 | 1988 | 2007 | 57,590 | Sq. Ft. | 53 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | 6300, 6310 & 6320 Rothway Street | Houston | Harris | TX | 77040 | 1983 | NAP | 75,460 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | 2730 Pinnacle Drive | Elgin | Kane | IL | 60124 | 2005 | 2007 | 44,990 | Sq. Ft. | 57 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 3671-3701 & 3707-3743 Interchange Road | Columbus | Franklin | OH | 43204 | 1974 | NAP | 91,200 | Sq. Ft. | 26 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 1346 Oakbrook Drive | Norcross | Gwinnett | GA | 30093 | 1985 | NAP | 71,591 | Sq. Ft. | 32 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 1230-1236 Hardt Circle | Bartlett | DuPage | IL | 60103 | 2008 | NAP | 60,080 | Sq. Ft. | 36 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | 232 & 302-350 West 38th Street | Houston | Harris | TX | 77018 | 1980 | NAP | 80,091 | Sq. Ft. | 26 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 5032-5042 & 5100-5128 Service Center Drive | San Antonio | Bexar | TX | 78218 | 1983 | NAP | 50,806 | Sq. Ft. | 32 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 1351 Oakbrook Drive | Norcross | Gwinnett | GA | 30093 | 1985 | NAP | 36,489 | Sq. Ft. | 44 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 1325 Oakbrook Drive | Norcross | Gwinnett | GA | 30093 | 1986 | NAP | 53,120 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | 490 North Heartland Drive | Sugar Grove | Kane | IL | 60554 | 2002 | NAP | 39,520 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 1265 Oakbrook Drive | Norcross | Gwinnett | GA | 30093 | 1985 | NAP | 51,200 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | 3949 Business Park Drive | Columbus | Franklin | OH | 43204 | 1996 | 2005 | 92,618 | Sq. Ft. | 16 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | 1155 Bowes Road | Elgin | Kane | IL | 60123 | 2006 | NAP | 34,400 | Sq. Ft. | 42 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 1280 Oakbrook Drive | Norcross | Gwinnett | GA | 30093 | 1986 | NAP | 46,400 | Sq. Ft. | 31 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | 1300, 1310, 1320 & 1330 Cox Avenue | Erlanger | Boone | KY | 41018 | 1987 | NAP | 52,040 | Sq. Ft. | 27 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 2002 Bloomingdale Road | Glendale Heights | DuPage | IL | 60139 | 1998 | NAP | 31,919 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | 333 Charles Court | West Chicago | DuPage | IL | 60185 | 2007 | NAP | 36,623 | Sq. Ft. | 34 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | 483 North Heartland Drive | Sugar Grove | Kane | IL | 60554 | 2010 | NAP | 36,426 | Sq. Ft. | 35 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 1256 Oakbrook Drive | Norcross | Gwinnett | GA | 30093 | 1985 | NAP | 40,392 | Sq. Ft. | 31 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | 550 North Heartland Drive | Sugar Grove | Kane | IL | 60554 | 2000 | 2007 | 30,328 | Sq. Ft. | 37 | ||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 5008-5030 Service Center Drive | San Antonio | Bexar | TX | 78218 | 1983 | NAP | 37,026 | Sq. Ft. | 30 | ||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | Various | Sunnyvale | Santa Clara | CA | 94089 | 2008 | NAP | 951,498 | Sq. Ft. | 466 | L(24), YM1(5), DorYM1(84), O(7) | |||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | 1000 Enterprise Way | Sunnyvale | Santa Clara | CA | 94089 | 2008 | NAP | 317,166 | Sq. Ft. | 435 | ||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | 1020 Enterprise Way | Sunnyvale | Santa Clara | CA | 94089 | 2008 | NAP | 317,166 | Sq. Ft. | 481 | ||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | 1050 Enterprise Way | Sunnyvale | Santa Clara | CA | 94089 | 2008 | NAP | 317,166 | Sq. Ft. | 481 | ||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | 6001 East Tropical Parkway | Las Vegas | Clark | NV | 89115 | 2019 | NAP | 855,000 | Sq. Ft. | 88 | L(24), D(91), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | Various | Various | Various | Various | Various | Various | Various | 11,097,713 | Sq. Ft. | 34 | YM1(70), O(7) | |||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | 1120 US Highway 22 | Bridgewater | Somerset | NJ | 08807 | 1951 | 1994 | 437,117 | Sq. Ft. | 59 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | 401 East Laraway Road | Joliet | Will | IL | 60433 | 2005 | NAP | 475,104 | Sq. Ft. | 36 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | 501 South Steward Road | Rochelle | Ogle | IL | 61068 | 2005 | NAP | 579,575 | Sq. Ft. | 24 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | 350A Salem Church Road | Mechanicsburg | Cumberland | PA | 17050 | 1990 | NAP | 405,100 | Sq. Ft. | 33 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | 208-214 South Pinnacle Drive | Romeoville | Will | IL | 60446 | 2016 | NAP | 199,924 | Sq. Ft. | 60 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | 251 East Laraway Road | Joliet | Will | IL | 60433 | 2005 | NAP | 374,460 | Sq. Ft. | 31 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | 7940 Kentucky Drive | Florence | Boone | KY | 41042 | 1992 | NAP | 128,077 | Sq. Ft. | 91 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | 1 Philips Drive | Mountain Top | Luzerne | PA | 18707 | 1992 | NAP | 400,000 | Sq. Ft. | 24 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | 2000 Enterprise Parkway | Hampton | Hampton City | VA | 23666 | 1996 | NAP | 402,652 | Sq. Ft. | 23 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | 1400 Cavalier Boulevard | Chesapeake | Chesapeake City | VA | 23323 | 1969 | NAP | 300,117 | Sq. Ft. | 31 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | 1910 International Way | Hebron | Boone | KY | 41048 | 1990 | 2004 | 300,000 | Sq. Ft. | 28 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | 7100 Holladay Tyler Road | Glen Dale | Prince George’s | MD | 20769 | 1968 | NAP | 314,590 | Sq. Ft. | 24 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | 208-214 South Pinnacle Drive | Romeoville | Will | IL | 60446 | 2016 | NAP | 199,924 | Sq. Ft. | 38 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | 10550 Toebben Drive | Independence | Boone | KY | 41051 | 2005 | NAP | 275,000 | Sq. Ft. | 25 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | 2270-2280 Woodale Drive | Mounds View | Ramsey | MN | 55112 | 1990 | NAP | 144,783 | Sq. Ft. | 47 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | 2950 Lexington Avenue South | Eagan | Dakota | MN | 55121 | 1979 | NAP | 184,545 | Sq. Ft. | 36 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | 801 Liberty Way | Chester | Chesterfield | VA | 23836 | 1998 | NAP | 170,800 | Sq. Ft. | 39 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | 2701 Esters Boulevard | Dallas | Dallas | TX | 75261 | 2018 | NAP | 144,000 | Sq. Ft. | 46 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | 12730 Kingston Avenue | Chester | Chesterfield | VA | 23836 | 2001 | NAP | 158,400 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | 3 Territorial Court | Bolingbrook | Will | IL | 60440 | 2001 | NAP | 125,448 | Sq. Ft. | 49 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | 1920 Campostella Road | Chesapeake | Chesapeake City | VA | 23324 | 1997 | NAP | 224,620 | Sq. Ft. | 27 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | 500 HP Way | Chester | Chesterfield | VA | 23836 | 1997 | NAP | 144,000 | Sq. Ft. | 42 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | 701 Liberty Way | Chester | Chesterfield | VA | 23836 | 1998 | NAP | 123,980 | Sq. Ft. | 48 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | 1960 Diamond Hill Road | Chesapeake | Chesapeake City | VA | 23324 | 1974 | NAP | 267,010 | Sq. Ft. | 22 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | One Apollo Drive | Whippany | Morris | NJ | 07981 | 1975 | 1985 | 120,000 | Sq. Ft. | 49 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | NWQ of Memorial Drive and Main Street | The Colony | Denton | TX | 75056 | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | 8515 Hedge Lane Terrace | Shawnee | Johnson | KS | 66227 | 2003 | NAP | 223,200 | Sq. Ft. | 25 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | 600 HP Way | Chester | Chesterfield | VA | 23836 | 1997 | NAP | 158,400 | Sq. Ft. | 35 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | 7930 Kentucky Drive | Florence | Boone | KY | 41042 | 1999 | NAP | 219,300 | Sq. Ft. | 25 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | 4225 Dues Drive | West Chester | Butler | OH | 45246 | 1972 | NAP | 303,000 | Sq. Ft. | 18 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | 455 Gibraltar Drive | Bolingbrook | Will | IL | 60440 | 2002 | NAP | 110,000 | Sq. Ft. | 49 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | 1910 Campostella Road | Chesapeake | Chesapeake City | VA | 23324 | 1980 | NAP | 152,600 | Sq. Ft. | 35 |
Benchmark 2020-B18 | ||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||||||||
Net | Units | Loan per Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year | Year | Rentable Area | of | Rentable Area | Prepayment Provisions | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Address | City | County | State | Zip Code | Built | Renovated | (SF/Units/Rooms)(4) | Measure | (SF/Units/Rooms) ($)(4)(11)(14) | (# of payments)(15)(16)(17) | |||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | 2650 Esters Boulevard | Dallas | Dallas | TX | 75261 | 2018 | NAP | 120,000 | Sq. Ft. | 45 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | 1325 Pratt Boulevard | Elk Grove Village | Cook | IL | 60007 | 1970 | 2018 | 150,700 | Sq. Ft. | 35 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | 1000 Lucas Way | Hampton | Hampton City | VA | 23666 | 1992 | NAP | 120,000 | Sq. Ft. | 44 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | 100-130 Lakeview Parkway | Vernon Hills | Lake | IL | 60061 | 1998 | 2015 | 132,851 | Sq. Ft. | 39 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | 750 Royal Lane | Dallas | Dallas | TX | 75261 | 2017 | NAP | 116,157 | Sq. Ft. | 42 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | 9756 International Boulevard | West Chester | Butler | OH | 45246 | 1990 | NAP | 192,000 | Sq. Ft. | 24 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | 350B Salem Church Road | Mechanicsburg | Cumberland | PA | 17050 | 1990 | NAP | 134,500 | Sq. Ft. | 33 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | 6105 Trenton Lane North | Plymouth | Hennepin | MN | 55442 | 1994 | NAP | 122,032 | Sq. Ft. | 36 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | 300 Salem Church Road | Mechanicsburg | Cumberland | PA | 17050 | 1991 | NAP | 120,000 | Sq. Ft. | 36 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | 161 Tower Drive | Burr Ridge | Cook | IL | 60527 | 1982 | NAP | 118,101 | Sq. Ft. | 37 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | 1940 Fernbrook Lane North | Plymouth | Hennepin | MN | 55447 | 1974 | NAP | 107,812 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | 100 Production Drive | Harrison | Hamilton | OH | 45030 | 1965 | NAP | 232,880 | Sq. Ft. | 18 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | 13129 Airpark Drive | Elkwood | Culpeper | VA | 22718 | 1990 | NAP | 150,000 | Sq. Ft. | 28 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | 375 Northpointe Drive | Fairfield | Butler | OH | 45014 | 1989 | NAP | 203,500 | Sq. Ft. | 20 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | 3732 Cook Boulevard | Chesapeake | Chesapeake City | VA | 23323 | 2007 | NAP | 94,325 | Sq. Ft. | 43 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | 10083-10095 International Boulevard | West Chester | Butler | OH | 45246 | 1981 | NAP | 167,270 | Sq. Ft. | 22 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | 2115 Portlock Road | Chesapeake | Chesapeake City | VA | 23324 | 2000 | NAP | 75,700 | Sq. Ft. | 47 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | 2290-2298 Woodale Drive | Mounds View | Ramsey | MN | 55112 | 1992 | NAP | 78,180 | Sq. Ft. | 42 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | 514 Butler Farm Road | Hampton | Hampton City | VA | 23666 | 1992 | NAP | 61,488 | Sq. Ft. | 52 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | 10446-10456 Lakeridge Parkway | Ashland | Hanover | VA | 23005 | 1998 | NAP | 70,118 | Sq. Ft. | 43 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | 2222 Woodale Drive | Mounds View | Ramsey | MN | 55112 | 1989 | NAP | 55,742 | Sq. Ft. | 52 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | 10430-10444 Lakeridge Parkway | Ashland | Hanover | VA | 23005 | 1991 | NAP | 69,185 | Sq. Ft. | 40 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | 815 Forestwood Drive | Romeoville | Will | IL | 60446 | 1993 | NAP | 75,250 | Sq. Ft. | 35 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | 1825 Airport Exchange Boulevard | Erlanger | Kenton | KY | 41018 | 1997 | NAP | 67,749 | Sq. Ft. | 35 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | 7453 Empire Drive C | Florence | Boone | KY | 41042 | 1994 | NAP | 101,250 | Sq. Ft. | 23 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | 13001 Kingston Avenue | Chester | Chesterfield | VA | 23836 | 1997 | NAP | 40,460 | Sq. Ft. | 51 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | 616 Heathrow Drive | Lincolnshire | Lake | IL | 60069 | 1988 | Various | 38,504 | Sq. Ft. | 51 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | 2240-2250 Woodale Drive | Mounds View | Ramsey | MN | 55112 | 1992 | NAP | 42,551 | Sq. Ft. | 39 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | 273 Industrial Way | Benicia | Solano | CA | 94510 | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | 7453 Empire Drive Building B | Florence | Boone | KY | 41042 | 1993 | NAP | 47,842 | Sq. Ft. | 29 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | 7453 Empire Drive Building A | Florence | Boone | KY | 41042 | 1993 | NAP | 47,840 | Sq. Ft. | 26 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | 800 HP Way, 501 & 531 HP Way, 12900 Kingston Avenue, 413, 429, 513, 519, 601 & 620 Meadowville Road | Chester | Chesterfield | VA | 23836 | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | 100b Production Drive | Harrison | Hamilton | OH | 45030 | 1998 | NAP | 76,000 | Sq. Ft. | 0 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | 1120 US Highway 22 | Bridgewater | Somerset | NJ | 08807 | 1954 | 1994 | 102,000 | Sq. Ft. | 0 | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | 251 East Laraway Road | Joliet | Will | IL | 60433 | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | 401 East Laraway Road | Joliet | Will | IL | 60433 | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | Various | Las Vegas | Clark | NV | Various | Various | NAP | 9,748 | Rooms | 167,645 | YM0.5(28), DorYM0.5(85), O(7) | |||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | 3799 South Las Vegas Boulevard | Las Vegas | Clark | NV | 89109 | 1993 | NAP | 4,998 | Rooms | 178,199 | ||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | 3950 South Las Vegas Boulevard | Las Vegas | Clark | NV | 89119 | 1999 | NAP | 4,750 | Rooms | 156,539 | ||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 1633 Broadway | New York | New York | NY | 10019 | 1972 | 2013 | 2,561,512 | Sq. Ft. | 391 | L(31), D(82), O(7) | |||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | 711 5th Avenue | New York | New York | NY | 10022 | 1927 | 2013-2019 | 340,024 | Sq. Ft. | 1,603 | L(28), D(85), O(7) | |||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 280 North Bernardo Avenue | Mountain View | Santa Clara | CA | 94043 | 1978-1980 | 2020 | 111,154 | Sq. Ft. | 639 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | 420 Taylor Street | San Francisco | San Francisco | CA | 94102 | 1942 | 2020 | 116,216 | Sq. Ft. | 757 | L(24), D(92), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | 3000 Post Oak Boulevard | Houston | Harris | TX | 77056 | 1979 | 2014 | 441,523 | Sq. Ft. | 181 | L(28), D(26), O(6) | |||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 1655 3rd Street | San Francisco | San Francisco | CA | 94158 | 2019 | NAP | 317,660 | Sq. Ft. | 461 | L(27), D(28), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 1725 3rd Street | San Francisco | San Francisco | CA | 94158 | 2019 | NAP | 268,548 | Sq. Ft. | 461 | L(27), D(28), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | 4400 Northwest Loop 410 | San Antonio | Bexar | TX | 78229 | 1968-1998 | NAP | 575,771 | Sq. Ft. | 100 | L(24), D(93), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | 138-35 39th Avenue | Flushing | Queens | NY | 11354 | 2017 | NAP | 30,000 | Sq. Ft. | 933 | L(28), D(87), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | 4025, 4035, 4045, 4050, and 4055 South Riverpoint Parkway | Phoenix | Maricopa | AZ | 85040 | 2007, 2008 | 2019 | 599,664 | Sq. Ft. | 153 | L(29), D(28), O(3) | |||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 3600 South Las Vegas Boulevard | Las Vegas | Clark | NV | 89109 | 1997 | 2019 | 3,933 | Rooms | 426,189 | YM0.5(31), DorYM0.5(82), O(7) | |||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | 2800 Southcenter Mall | Tukwila | King | WA | 98188 | 1968 | 2008 | 783,068 | Sq. Ft. | 278 | L(30), DorYM1(86), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | Various | Various | Richmond; Columbia | GA | Various | Various | NAP | 257,530 | Sq. Ft. | 76 | L(24), D(93), O(4) | |||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | 1005 Jimmie Dyess Parkway and 4317 Wrightsboro Road | Augusta; Grovetown | Richmond; Columbia | GA | 30909; 30813 | 2006, 2012-2013, 2020 | NAP | 129,270 | Sq. Ft. | 79 | ||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | 3772 & 4206 Wheeler Road | Augusta; Martinez | Richmond; Columbia | GA | 30909; 30907 | 1985-1986, 1996, 2004 | NAP | 128,260 | Sq. Ft. | 74 | ||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | 364 Lincoln Place | Brooklyn | Kings | NY | 11238 | 1927 | 2016-2019 | 55 | Units | 327,273 | L(25), YM1(92), O(3) | |||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | 1600 Jasmine Cove Circle | Simpsonville | Greenville | SC | 29680 | 2007 | NAP | 184 | Units | 81,522 | L(25), YM1(91), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | 1250 West 75th Street | Cleveland | Cuyahoga | OH | 44102 | 2018 | NAP | 82 | Units | 173,171 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | 5100 Kings Plaza | Brooklyn | Kings | NY | 11234 | 1969 | 2018 | 811,797 | Sq. Ft. | 600 | L(30), YM1(85), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | 84 14th Street | Brooklyn | Kings | NY | 11215 | 2019 | NAP | 19,838 | Sq. Ft. | 620 | L(24), D(91), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | 3219 Detroit Avenue | Cleveland | Cuyahoga | OH | 44113 | 2017 | NAP | 60 | Units | 166,667 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | 5501 Cambridge Club Circle | Ann Arbor | Washtenaw | MI | 48103 | 1990 | 2019 | 108 | Units | 92,593 | L(24), D(93), O(3) | |||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | 1725 North Commerce Parkway | Weston | Broward | FL | 33326 | 1992 | NAP | 52,960 | Sq. Ft. | 175 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | 2508 & 2517 Lincoln Road | Hattiesburg | Forrest | MS | 39402 | 2003 | NAP | 136,928 | Sq. Ft. | 60 | L(24), D(93), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | Various | Various | Various | Various | Various | Various | Various | 29,906 | Sq. Ft. | 254 | L(24), D(94), O(3) | |||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | 1244 Primacy Parkway | Memphis | Shelby | TN | 38119 | 1991 | 2010 | 16,750 | Sq. Ft. | 269 | ||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | 7580 Clarington Cove | Southaven | DeSoto | MS | 38671 | 2005 | 2013 | 13,156 | Sq. Ft. | 236 | ||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | 4501 Chestnut Ridge Road | Amherst | Erie | NY | 14228 | 2016 | NAP | 78 | Units | 93,590 | L(23), YM2(93), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | 630 West Lake Street | Chicago | Cook | IL | 60661 | 1908 | 2017 | 20,272 | Sq. Ft. | 331 | L(27), D(90), O(3) | |||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | 2 Laurel Drive | Flanders | Morris | NJ | 07836 | 1986 | 2019 | 73,500 | Sq. Ft. | 90 | L(24), D(93), O(3) | |||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | 4600 East Nestle Purina Avenue | Flagstaff | Coconino | AZ | 86004 | 2007 | NAP | 73,495 | Sq. Ft. | 90 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | 968-970 Gates Avenue | Brooklyn | Kings | NY | 11221 | 2019-2020 | NAP | 16 | Units | 406,250 | L(24), D(93), O(3) | |||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | 1117 West Washington Street | Appleton | Outagamie | WI | 54914 | 1955-1991 | 2013 | 91,680 | Sq. Ft. | 68 | L(24), D(92), O(4) | |||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | 2401 & 2412 Oakdale Road | Modesto | Stanislaus | CA | 95355 | 1985 | NAP | 77,775 | Sq. Ft. | 64 | L(24), YM1(91), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | 3201 East Hatch Road | Ceres | Stanislaus | CA | 95351 | 2003, 2008 | NAP | 70,840 | Sq. Ft. | 56 | L(24), YM1(91), O(5) | |||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | 11 Kellogg Court | Castle Rock | Douglas | CO | 80109 | 1999 | NAP | 66,925 | Sq. Ft. | 60 | L(24), D(93), O(3) |
Benchmark 2020-B18 | |||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||||||||||||||
Second Most | Second | Second | Second | Third Most | Third | Third | Third | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | ||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Statements Date | EGI ($) | Expenses($) | NOI($)(12) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | NOI ($)(12) | Reserves($) | �� | ||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | 12/31/2019 | 63,486,372 | 23,013,221 | 40,473,151 | 12/31/2018 | 60,700,041 | 21,738,754 | 38,961,287 | 12/31/2017 | 53,679,748 | 19,917,149 | 33,762,598 | 15.7% | 14.2% | 66,585,698 | 60,055,992 | 23,831,636 | 36,224,356 | 693,998 | |||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | 12/31/2019 | 8,667,076 | 3,826,998 | 4,840,078 | 12/31/2018 | 7,670,233 | 2,937,926 | 4,732,307 | 12/31/2017 | 7,406,160 | 2,739,497 | 4,666,663 | 8,302,468 | 7,925,591 | 3,498,082 | 4,427,510 | 90,645 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 12/31/2019 | 12,433,338 | 5,958,534 | 6,474,805 | 12/31/2018 | 12,083,301 | 5,589,481 | 6,493,820 | 12/31/2017 | 11,389,307 | 5,730,623 | 5,658,684 | 13,237,996 | 13,088,679 | 6,036,438 | 7,052,241 | 96,499 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 12/31/2019 | 3,262,196 | 946,984 | 2,315,211 | 12/31/2018 | 3,196,891 | 984,124 | 2,212,767 | 12/31/2017 | 3,033,240 | 931,542 | 2,101,698 | 3,513,080 | 3,337,426 | 1,034,878 | 2,302,548 | 18,708 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | 12/31/2019 | 1,822,008 | 250,678 | 1,571,331 | 12/31/2018 | 1,679,544 | 254,739 | 1,424,805 | 12/31/2017 | 1,807,491 | 241,114 | 1,566,378 | 1,951,764 | 1,862,946 | 378,204 | 1,484,742 | 25,380 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 12/31/2019 | 1,913,185 | 586,757 | 1,326,428 | 12/31/2018 | 1,891,007 | 594,804 | 1,296,204 | 12/31/2017 | 1,907,215 | 574,471 | 1,332,744 | 2,131,117 | 2,024,561 | 745,264 | 1,279,297 | 43,435 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | 12/31/2019 | 3,449,593 | 1,454,757 | 1,994,836 | 12/31/2018 | 3,516,342 | 1,485,310 | 2,031,032 | 12/31/2017 | 2,474,086 | 1,321,115 | 1,152,972 | 3,619,344 | 3,438,377 | 1,539,954 | 1,898,423 | 26,113 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | 12/31/2019 | 2,454,022 | 380,753 | 2,073,269 | 12/31/2018 | 2,387,108 | 365,458 | 2,021,650 | 12/31/2017 | 1,520,286 | 167,141 | 1,353,145 | 2,630,627 | 2,499,096 | 533,383 | 1,965,713 | 40,000 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | 12/31/2019 | 2,500,287 | 1,342,028 | 1,158,259 | 12/31/2018 | 2,444,016 | 1,351,073 | 1,092,943 | 12/31/2017 | 2,807,985 | 1,327,711 | 1,480,274 | 3,158,375 | 2,562,725 | 1,401,232 | 1,161,493 | 26,340 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 12/31/2019 | 1,373,252 | 332,977 | 1,040,275 | 12/31/2018 | 1,310,152 | 321,405 | 988,747 | 12/31/2017 | 1,224,196 | 304,062 | 920,134 | 1,538,504 | 1,470,579 | 344,253 | 1,126,326 | 16,733 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 12/31/2019 | 1,159,557 | 338,794 | 820,763 | 12/31/2018 | 1,162,988 | 368,460 | 794,528 | 1,287,722 | 1,223,336 | 345,066 | 878,270 | 20,800 | |||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | 12/31/2019 | 1,223,646 | 363,570 | 860,076 | 12/31/2018 | 1,275,183 | 406,461 | 868,722 | 12/31/2017 | 1,271,131 | 422,514 | 848,616 | 1,352,230 | 1,239,013 | 397,844 | 841,168 | 19,897 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | 12/31/2019 | 1,189,281 | 346,524 | 842,758 | 12/31/2018 | 1,174,767 | 366,843 | 807,924 | 12/31/2017 | 1,110,392 | 329,850 | 780,542 | 1,358,621 | 1,290,690 | 380,167 | 910,523 | 7,255 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 12/31/2019 | 1,050,317 | 307,652 | 742,665 | 12/31/2018 | 1,131,126 | 349,481 | 781,644 | 12/31/2017 | 1,056,180 | 320,321 | 735,859 | 1,230,876 | 1,149,366 | 342,629 | 806,737 | 12,275 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | 12/31/2019 | 1,129,734 | 242,766 | 886,967 | 12/31/2018 | 1,075,754 | 256,545 | 819,210 | 12/31/2017 | 1,034,811 | 255,226 | 779,585 | 1,214,573 | 1,153,845 | 260,123 | 893,721 | 16,995 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | 12/31/2019 | 785,935 | 251,030 | 534,905 | 12/31/2018 | 799,244 | 218,129 | 581,115 | 12/31/2017 | 835,265 | 245,665 | 589,600 | 1,004,840 | 956,998 | 255,504 | 701,494 | 15,232 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | 12/31/2019 | 1,166,108 | 370,381 | 795,727 | 12/31/2018 | 1,156,406 | 409,301 | 747,105 | 12/31/2017 | 1,021,122 | 380,837 | 640,285 | 1,187,261 | 1,119,965 | 412,792 | 707,173 | 18,968 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | 12/31/2019 | 919,083 | 279,002 | 640,082 | 12/31/2018 | 219,211 | 60,308 | 158,903 | 962,899 | 914,754 | 288,577 | 626,177 | 5,610 | |||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | 12/31/2019 | 1,043,587 | 408,071 | 635,516 | 12/31/2018 | 1,072,677 | 449,239 | 623,438 | 12/31/2017 | 997,736 | 432,557 | 565,180 | 1,202,961 | 996,966 | 432,531 | 564,435 | 14,940 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | 12/31/2019 | 994,616 | 293,286 | 701,330 | 12/31/2018 | 1,044,882 | 312,631 | 732,251 | 12/31/2017 | 1,007,140 | 305,967 | 701,173 | 1,054,411 | 954,762 | 308,978 | 645,784 | 9,490 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | 12/31/2019 | 2,710,140 | 1,052,047 | 1,658,093 | 12/31/2018 | 2,608,806 | 1,002,724 | 1,606,082 | 12/31/2017 | 2,570,292 | 966,982 | 1,603,310 | 1,791,509 | 345,499 | 988,124 | -642,625 | 20,208 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | 12/31/2019 | 880,039 | 284,009 | 596,030 | 12/31/2018 | 790,552 | 281,942 | 508,610 | 12/31/2017 | 797,505 | 246,428 | 551,077 | 923,389 | 846,025 | 296,653 | 549,372 | 4,591 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | 12/31/2019 | 912,088 | 405,616 | 506,472 | 12/31/2018 | 1,004,734 | 450,162 | 554,572 | 12/31/2017 | 986,758 | 402,730 | 584,028 | 1,048,478 | 749,291 | 449,297 | 299,994 | 11,874 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | 12/31/2019 | 766,323 | 222,922 | 543,402 | 12/31/2018 | 741,124 | 228,055 | 513,068 | 12/31/2017 | 607,608 | 192,832 | 414,776 | 811,615 | 771,034 | 240,200 | 530,834 | 11,982 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | 12/31/2019 | 625,886 | 77,241 | 548,645 | 12/31/2018 | 605,888 | 76,428 | 529,460 | 12/31/2017 | 740,437 | 218,917 | 521,519 | 825,154 | 783,896 | 237,554 | 546,342 | 4,997 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 12/31/2019 | 559,955 | 155,845 | 404,110 | 12/31/2018 | 337,745 | 96,839 | 240,906 | 618,314 | 540,263 | 135,499 | 404,764 | 5,759 | |||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | 12/31/2019 | 695,389 | 299,234 | 396,155 | 12/31/2018 | 1,006,249 | 334,398 | 671,851 | 12/31/2017 | 1,018,807 | 362,692 | 656,115 | 825,573 | 414,917 | 293,581 | 121,335 | 7,546 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | 12/31/2019 | 552,302 | 112,886 | 439,415 | 12/31/2018 | 552,011 | 107,691 | 444,320 | 12/31/2017 | 277,754 | 53,751 | 224,003 | 581,840 | 552,748 | 127,204 | 425,544 | 4,499 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 12/31/2019 | 629,778 | 191,462 | 438,316 | 12/31/2018 | 617,707 | 207,187 | 410,520 | 12/31/2017 | 556,678 | 180,038 | 376,641 | 659,479 | 604,586 | 226,578 | 378,008 | 9,120 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 12/31/2019 | 521,627 | 129,489 | 392,138 | 12/31/2018 | 443,611 | 129,254 | 314,357 | 12/31/2017 | 383,252 | 123,607 | 259,645 | 572,995 | 544,346 | 131,333 | 413,012 | 7,159 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 12/31/2019 | 553,143 | 197,296 | 355,846 | 12/31/2018 | 492,089 | 155,493 | 336,596 | 12/31/2017 | 259,899 | 72,388 | 187,511 | 501,134 | 410,774 | 164,491 | 246,283 | 6,008 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | 12/31/2019 | 496,975 | 166,758 | 330,216 | 12/31/2018 | 512,978 | 192,327 | 320,651 | 12/31/2017 | 474,613 | 165,208 | 309,405 | 440,227 | 163,567 | 185,825 | -22,258 | 8,009 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 12/31/2019 | 421,567 | 146,471 | 275,097 | 12/31/2018 | 412,440 | 142,622 | 269,817 | 464,672 | 435,872 | 140,544 | 295,328 | 5,081 | |||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 12/31/2019 | 350,467 | 79,762 | 270,705 | 12/31/2018 | 322,882 | 76,626 | 246,256 | 12/31/2017 | 278,250 | 78,703 | 199,547 | 345,221 | 243,409 | 81,240 | 162,169 | 3,649 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 12/31/2019 | 345,827 | 79,518 | 266,309 | 12/31/2018 | 345,319 | 79,725 | 265,594 | 12/31/2017 | 315,511 | 86,630 | 228,881 | 386,462 | 367,139 | 86,990 | 280,149 | 5,312 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | 12/31/2019 | 374,794 | 89,836 | 284,958 | 12/31/2018 | 362,811 | 73,141 | 289,671 | 12/31/2017 | 185,302 | 41,285 | 144,017 | 390,489 | 370,964 | 85,785 | 285,180 | 3,952 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 12/31/2019 | 300,836 | 83,435 | 217,401 | 12/31/2018 | 293,148 | 81,301 | 211,847 | 12/31/2017 | 293,387 | 87,934 | 205,453 | 364,946 | 346,699 | 89,047 | 257,652 | 5,120 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | 12/31/2019 | 632,896 | 137,492 | 495,404 | 12/31/2018 | 465,319 | 124,607 | 340,712 | 12/31/2017 | 465,194 | 126,226 | 338,968 | 324,163 | 0 | 124,884 | -124,884 | 9,262 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | 12/31/2019 | 302,245 | 82,007 | 220,238 | 12/31/2018 | 301,327 | 82,156 | 219,171 | 12/31/2017 | 153,631 | 42,105 | 111,526 | 232,200 | 0 | 75,323 | -75,323 | 3,440 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 12/31/2019 | 325,735 | 71,894 | 253,841 | 12/31/2018 | 313,163 | 67,047 | 246,116 | 12/31/2017 | 321,273 | 82,313 | 238,960 | 339,607 | 322,627 | 78,489 | 244,138 | 4,640 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | 12/31/2019 | 253,893 | 84,109 | 169,783 | 12/31/2018 | 85,008 | 72,934 | 12,074 | 12/31/2017 | 150,775 | 72,348 | 78,427 | 327,468 | 311,094 | 69,921 | 241,174 | 5,204 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 12/31/2019 | 218,345 | 107,781 | 110,564 | 12/31/2018 | 259,389 | 121,737 | 137,653 | 12/31/2017 | 190,224 | 60,646 | 129,578 | 309,945 | 294,447 | 115,067 | 179,380 | 3,192 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | 12/31/2019 | 408,819 | 139,182 | 269,636 | 12/31/2018 | 467,213 | 163,055 | 304,157 | 12/31/2017 | 230,730 | 76,704 | 154,026 | 415,827 | 395,035 | 138,386 | 256,649 | 3,662 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | 12/31/2019 | 313,731 | 108,619 | 205,111 | 12/31/2018 | 289,331 | 95,678 | 193,653 | 12/31/2017 | 136,282 | 44,086 | 92,196 | 294,170 | 260,774 | 105,335 | 155,439 | 3,643 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 12/31/2019 | 280,108 | 73,017 | 207,091 | 12/31/2018 | 257,044 | 65,952 | 191,092 | 12/31/2017 | 247,333 | 68,959 | 178,374 | 286,234 | 255,856 | 73,681 | 182,176 | 4,039 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | 12/31/2019 | 271,775 | 68,070 | 203,705 | 12/31/2018 | 257,714 | 59,159 | 198,554 | 12/31/2017 | 134,509 | 33,425 | 101,083 | 269,232 | 255,771 | 65,532 | 190,238 | 3,033 | |||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 12/31/2019 | 244,870 | 85,681 | 159,189 | 12/31/2018 | 263,606 | 88,793 | 174,813 | 295,683 | 259,683 | 89,173 | 170,511 | 3,703 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 12/31/2019 | 50,292,627 | 12,255,535 | 38,037,092 | 12/31/2018 | 49,341,867 | 11,771,512 | 37,570,355 | 12/31/2017 | 43,554,008 | 12,008,858 | 31,545,149 | 13.1% | 12.8% | 71,397,567 | 69,255,640 | 11,194,319 | 58,061,321 | 190,300 | |||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | 7.7% | 7.6% | 7,072,404 | 6,895,594 | 1,122,265 | 5,773,329 | 42,750 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | 03/31/2020 | 68,047,168 | 17,089,007 | 50,958,160 | 12/31/2019 | 66,763,069 | 18,447,435 | 48,315,634 | 12/31/2018 | 58,809,513 | 16,639,572 | 42,169,941 | 12.8% | 12.0% | 80,119,093 | 68,219,859 | 19,321,765 | 48,898,094 | 1,109,771 | |||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 |
Benchmark 2020-B18 | |||||||||||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||||||||||||||||||||||
Second Most | Second | Second | Second | Third Most | Third | Third | Third | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Most Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Recent Operating | Most Recent | Most Recent | Most Recent | Underwritten NOI | Underwritten NCF | Underwritten | Underwritten | Underwritten | Underwritten | Underwritten | ||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Statements Date | EGI ($) | Expenses($) | NOI($)(12) | Statements Date | EGI($) | Expenses($) | NOI($) | Statements Date | EGI($) | Expenses($) | NOI($) | Debt Yield(11) | Debt Yield(11) | Revenue($) | EGI($) | Expenses($) | NOI ($)(12) | Reserves($) | |||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 03/31/2020 | 2,001,882,325 | 1,515,036,619 | 486,845,706 | 12/31/2019 | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 12/31/2018 | 2,191,540,530 | 1,574,171,264 | 617,369,266 | 17.9% | 17.9% | 2,106,295,488 | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 32,774,592 | |||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | 03/31/2020 | 1,097,186,178 | 834,198,209 | 262,987,969 | 12/31/2019 | 1,161,850,748 | 879,242,083 | 282,608,665 | 12/31/2018 | 1,226,105,346 | 854,539,115 | 371,566,231 | 1,161,850,748 | 1,161,850,748 | 879,242,083 | 282,608,665 | 16,011,953 | |||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | 03/31/2020 | 904,696,147 | 680,838,410 | 223,857,737 | 12/31/2019 | 944,444,740 | 706,973,052 | 237,471,688 | 12/31/2018 | 965,435,184 | 719,632,149 | 245,803,035 | 944,444,740 | 944,444,740 | 706,973,052 | 237,471,688 | 16,762,639 | |||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 05/31/2020 | 184,447,000 | 73,621,000 | 110,826,000 | T-12 9/30/2019 | 182,760,348 | 71,951,033 | 110,809,315 | 12/31/2018 | 179,219,236 | 70,120,786 | 109,098,450 | 11.9% | 11.7% | 198,756,496 | 190,585,947 | 71,435,784 | 119,150,163 | 461,072 | |||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | 03/31/2020 | 69,060,254 | 21,771,999 | 47,288,255 | 12/31/2019 | 69,563,590 | 20,967,241 | 48,596,349 | 12/31/2018 | 63,038,695 | 18,950,129 | 44,088,566 | 9.4% | 9.3% | 81,873,643 | 74,193,553 | 22,888,769 | 51,304,783 | 85,006 | |||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 9.3% | 9.1% | 7,138,330 | 6,781,414 | 203,442 | 6,577,971 | 16,673 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | 9.4% | 9.3% | 9,765,672 | 9,325,388 | 1,035,842 | 8,289,546 | 23,243 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | 04/30/2020 | 15,001,353 | 5,016,567 | 9,984,787 | 12/31/2019 | 15,001,369 | 5,057,914 | 9,943,455 | 12/31/2018 | 14,934,019 | 5,158,463 | 9,775,556 | 12.0% | 11.1% | 13,560,189 | 14,781,135 | 5,159,071 | 9,622,064 | 88,305 | |||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 13.9% | 13.8% | 35,824,722 | 34,033,485 | 13,734,122 | 20,299,364 | 63,532 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 13.9% | 13.8% | 30,325,271 | 28,809,008 | 11,649,708 | 17,159,300 | 53,710 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | 05/31/2020 | 10,124,420 | 4,753,403 | 5,371,017 | 12/31/2019 | 10,044,256 | 4,929,005 | 5,115,251 | 12/31/2018 | 9,900,571 | 4,958,082 | 4,942,489 | 9.2% | 8.2% | 12,059,184 | 10,236,052 | 4,911,444 | 5,324,608 | 115,154 | |||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | 8.9% | 8.6% | 3,561,873 | 2,847,994 | 342,816 | 2,505,178 | 4,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | 14.9% | 14.1% | 14,325,973 | 13,609,674 | 13,609,674 | 119,933 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 03/31/2020 | 1,309,239,268 | 861,354,524 | 447,884,744 | 12/31/2019 | 1,344,644,527 | 880,288,629 | 464,355,898 | 12/31/2018 | 1,367,835,267 | 877,969,225 | 489,866,042 | 28.3% | 27.1% | 1,349,062,464 | 1,349,062,464 | 874,997,149 | 474,065,315 | 20,235,937 | |||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | 10/31/2019 | 60,001,063 | 18,292,261 | 41,708,802 | 12/31/2018 | 63,260,401 | 19,078,116 | 44,182,284 | 12/31/2017 | 61,877,793 | 18,294,166 | 43,583,627 | 19.6% | 19.1% | 65,448,009 | 59,376,497 | 16,700,013 | 42,676,484 | 148,783 | |||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | 05/31/2020 | 2,530,957 | 554,974 | 1,975,983 | 12/31/2019 | 2,546,623 | 537,417 | 2,009,207 | 12/31/2018 | 2,499,862 | 508,365 | 1,991,498 | 8.9% | 8.7% | 2,821,416 | 2,530,957 | 781,955 | 1,749,002 | 32,166 | |||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | 05/31/2020 | 1,205,442 | 276,808 | 928,634 | 12/31/2019 | 1,216,949 | 264,385 | 952,564 | 12/31/2018 | 1,208,585 | 284,148 | 924,437 | 1,469,868 | 1,205,442 | 363,820 | 841,622 | 12,927 | |||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | 05/31/2020 | 1,325,515 | 278,166 | 1,047,349 | 12/31/2019 | 1,329,674 | 273,031 | 1,056,643 | 12/31/2018 | 1,291,277 | 224,217 | 1,067,061 | 1,351,548 | 1,325,515 | 418,135 | 907,380 | 19,239 | |||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | 03/31/2020 | 1,779,584 | 512,879 | 1,266,705 | 12/31/2019 | 1,780,520 | 548,531 | 1,231,989 | 12/31/2018 | 1,591,947 | 542,533 | 1,049,415 | 7.1% | 7.1% | 1,930,293 | 1,802,966 | 519,188 | 1,283,778 | 11,000 | |||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | 03/31/2020 | 2,386,536 | 1,049,652 | 1,336,884 | 12/31/2018 | 2,326,079 | 1,014,452 | 1,311,627 | 12/31/2017 | 2,359,091 | 990,566 | 1,368,525 | 8.8% | 8.5% | 2,424,758 | 2,382,109 | 1,064,457 | 1,317,653 | 46,000 | |||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | 05/30/2020 | 1,371,522 | 419,861 | 951,662 | 7.9% | 7.7% | 1,608,432 | 1,481,942 | 363,335 | 1,118,607 | 20,500 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | 03/31/2020 | 82,129,083 | 30,429,037 | 51,700,046 | 12/31/2019 | 79,062,917 | 29,497,775 | 49,565,143 | 12/31/2018 | 69,684,148 | 27,595,961 | 42,088,187 | 10.7% | 10.5% | 74,124,373 | 81,045,187 | 29,004,262 | 52,040,925 | 139,559 | |||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | 8.3% | 8.0% | 1,065,680 | 1,106,596 | 80,239 | 1,026,357 | 3,968 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | 05/31/2020 | 1,242,781 | 514,840 | 727,941 | 12/31/2018 | 939,084 | 497,013 | 442,071 | 8.3% | 8.1% | 1,237,190 | 1,240,991 | 414,588 | 826,403 | 15,000 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | 04/30/2020 | 1,641,299 | 787,866 | 853,433 | 12/31/2019 | 1,636,725 | 777,821 | 858,903 | 12/31/2018 | 1,621,556 | 776,666 | 844,891 | 8.5% | 8.2% | 1,673,974 | 1,641,298 | 787,318 | 853,981 | 32,400 | |||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | 05/31/2020 | 1,457,536 | 401,155 | 1,056,381 | 12/31/2019 | 1,498,738 | 381,647 | 1,117,091 | 12/31/2018 | 1,466,248 | 328,593 | 1,137,655 | 11.6% | 10.7% | 1,587,056 | 1,560,290 | 485,861 | 1,074,429 | 19,066 | |||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | 05/31/2020 | 1,209,583 | 398,062 | 811,521 | 12/31/2019 | 1,215,477 | 398,816 | 816,660 | 12/31/2018 | 1,164,853 | 402,389 | 762,464 | 9.7% | 9.5% | 1,337,040 | 1,209,583 | 405,967 | 803,616 | 15,062 | |||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | 11.1% | 10.6% | 1,557,543 | 1,440,727 | 593,363 | 847,364 | 5,981 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | 873,082 | 807,601 | 303,582 | 504,019 | 3,350 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | 684,460 | 633,126 | 289,780 | 343,345 | 2,631 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | 05/31/2020 | 1,349,665 | 695,518 | 654,147 | 9.5% | 9.3% | 1,386,559 | 1,352,851 | 661,832 | 691,019 | 15,600 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | 04/30/2020 | 659,726 | 167,321 | 492,405 | 12/31/2019 | 670,819 | 150,984 | 519,835 | 8.5% | 8.3% | 801,227 | 765,582 | 192,092 | 573,490 | 6,531 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | 04/30/2020 | 550,583 | 188,203 | 362,380 | 12/31/2019 | 401,520 | 195,291 | 206,228 | 10.7% | 10.1% | 1,001,229 | 951,168 | 243,802 | 707,366 | 7,350 | |||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | 04/30/2020 | 829,923 | 234,377 | 595,545 | 12/31/2019 | 801,874 | 236,275 | 565,600 | 12/31/2018 | 755,677 | 231,714 | 523,963 | 8.9% | 8.7% | 934,572 | 829,923 | 245,456 | 584,467 | 7,350 | |||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | T-1 5/31/2020 Ann. | 513,135 | 54,425 | 458,710 | 7.6% | 7.5% | 600,000 | 537,600 | 83,012 | 454,588 | 4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | 04/30/2020 | 932,489 | 355,984 | 576,505 | 12/31/2019 | 911,600 | 381,034 | 530,566 | 12/31/2018 | 789,129 | 346,179 | 442,950 | 9.0% | 8.8% | 1,048,380 | 932,489 | 374,863 | 557,627 | 9,168 | |||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | 04/30/2020 | 1,085,177 | 336,191 | 748,986 | 12/31/2019 | 1,067,803 | 342,159 | 725,644 | 12/31/2018 | 1,049,955 | 336,683 | 713,272 | 14.9% | 14.5% | 1,176,676 | 1,085,177 | 341,455 | 743,722 | 18,666 | |||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | 04/30/2020 | 763,495 | 274,262 | 489,233 | 12/31/2019 | 757,892 | 269,933 | 487,958 | 12/31/2018 | 753,795 | 252,021 | 501,773 | 12.2% | 11.9% | 807,648 | 763,495 | 274,168 | 489,326 | 12,751 | |||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | 04/30/2020 | 818,221 | 306,385 | 511,836 | 12/31/2019 | 787,155 | 298,777 | 488,378 | 12/31/2018 | 781,703 | 281,124 | 500,579 | 12.7% | 12.5% | 939,594 | 818,221 | 309,549 | 508,672 | 8,031 |
Benchmark 2020-B18 | ||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||
Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | TI/LC($) | NCF ($) | Interest(17) | Expiration(18) | Extension Terms(18) | Largest Tenant(19)(20)(21)(22) | SF | Expiration | 2nd Largest Tenant(21)(22) | SF | Expiration | 3rd Largest Tenant | SF | Expiration | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | 2,623,997 | 32,906,361 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | 221,915 | 4,114,950 | Fee Simple | United Natural Foods, Inc. | 463,172 | 07/31/2022 | Beall’s, Inc. | 200,000 | 09/30/2021 | Access USA | 163,277 | 09/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 763,904 | 6,191,838 | Fee Simple | Health Care Service Corp. | 177,114 | 11/30/2025 | ALDI, Inc. | 137,986 | 12/31/2028 | U.S. Bank | 33,936 | 07/31/2027 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 45,799 | 2,238,041 | Fee Simple | Life Technologies Corporation | 103,645 | 06/30/2025 | Asuragen | 69,638 | 08/31/2023 | Genotox Laboratories, Ltd. | 13,792 | 09/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | 62,135 | 1,397,227 | Fee Simple | Moran Foods LLC | 253,800 | 09/30/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 106,338 | 1,129,525 | Fee Simple | Ceva Freight LLC | 333,397 | 08/31/2022 | Burlington Mattress Co. LLC | 100,957 | 12/31/2022 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | 206,716 | 1,665,594 | Fee Simple | Disa Global Solutions, Inc. | 34,919 | 08/31/2027 | Community Health Choice, Inc. | 32,884 | 11/30/2023 | Convergent Outsourcing, Inc. | 31,709 | 11/30/2027 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | 97,927 | 1,827,786 | Fee Simple | General Motors LLC | 400,000 | 08/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | 208,515 | 926,638 | Fee Simple | Allstate Insurance Co. | 75,623 | 05/31/2024 | Walgreens Co. | 19,982 | 09/06/2022 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 40,965 | 1,068,628 | Fee Simple | Softtouch Medical LLC | 22,624 | 04/30/2021 | Dish Network Service LLC | 19,848 | 01/31/2025 | Kone, Inc | 15,384 | 12/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 50,922 | 806,548 | Fee Simple | VTech Communications, Inc. | 208,000 | 07/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | 48,711 | 772,560 | Fee Simple | RedCo Distribution, LLC. | 53,663 | 05/31/2024 | Veritrust Corporation | 41,937 | 04/30/2023 | Schindler Elevator Corporation | 23,885 | 12/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | 17,762 | 885,506 | Fee Simple | Ideal Power, Inc. | 14,782 | 05/31/2021 | Kennedy Creative Company | 14,361 | 01/31/2022 | DunAn Microstaq, Inc. | 12,062 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 30,051 | 764,410 | Fee Simple | AV8 MRO, LLC | 28,933 | 12/31/2026 | Compudata Products, Inc. | 18,790 | 01/31/2023 | Camfil USA, Inc. | 15,050 | 10/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | 41,607 | 835,119 | Fee Simple | MDI Creative Inc | 19,848 | 05/31/2021 | Heritage Food Srvc | 19,178 | 07/31/2022 | Marelli USA, Inc. | 18,775 | 07/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | 37,290 | 648,972 | Fee Simple | Masada Bakery Inc | 49,928 | 02/28/2024 | Olympic Printing | 19,740 | 11/30/2024 | Advanced Home Care Inc | 19,478 | 01/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | 46,437 | 641,768 | Fee Simple | IT Remarketing, Inc. | 47,700 | 12/31/2020 | Stage 3 Separation, LLC | 39,830 | 11/30/2020 | Faber CNK Stone Corp. | 34,382 | 09/30/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | 13,734 | 606,833 | Fee Simple | The Jewelry Channel, Inc. | 56,100 | 06/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | 36,576 | 512,918 | Fee Simple | Physicians Dialysis / DaVita | 20,137 | 03/31/2024 | EPMA / Johnstone Supply | 14,268 | MTM | Industrial Equipment Company | 11,750 | 01/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | 23,233 | 613,061 | Fee Simple | Audio Fidelity Communications | 21,531 | 12/31/2020 | Otis Elevator Company | 12,958 | 07/31/2022 | Indeco Sales, Inc. | 10,267 | 07/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | 159,968 | -822,801 | Fee Simple | Principal Management Group | 13,402 | 03/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | 11,240 | 533,541 | Fee Simple | Motorola Solutions Inc | 7,003 | 01/31/2023 | Guardian Protection Services, Inc. | 5,390 | 10/31/2023 | Evermore Systems, Inc. | 4,500 | 10/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | 29,069 | 259,052 | Fee Simple | Envir. Sampling Supply, Inc. | 10,414 | 02/28/2021 | Telecom Technicians, Inc. | 8,846 | 10/31/2020 | Viridis Energy (Texas), LP | 8,400 | 12/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | 29,334 | 489,518 | Fee Simple | AmericanStar Mattress LLC | 39,430 | 04/30/2021 | Ole Mexican Foods | 22,600 | 09/30/2024 | Mogen Industrial (USA), Inc. | 17,500 | 11/30/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | 12,233 | 529,113 | Fee Simple | Harmony Public Schools | 49,966 | 08/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 14,099 | 384,906 | Fee Simple | Sell Your Car Here LLC | 10,800 | 08/31/2021 | Granix, LLC | 10,800 | 09/30/2022 | Facema | 9,000 | 06/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | 18,474 | 95,315 | Fee Simple | TestAmerica Laboratories, Inc. | 29,230 | 02/28/2021 | Jotron USA, Inc. | 3,848 | 02/28/2027 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | 11,014 | 410,030 | Fee Simple | Fox Valley Fire & Safety Co | 44,990 | 08/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 22,327 | 346,561 | Fee Simple | Essilor of America | 16,000 | 09/30/2021 | New Aqua LLC | 14,400 | 03/31/2021 | King Bee Delivery | 9,600 | 03/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 17,527 | 388,326 | Fee Simple | Guardian of Georgia | 30,530 | 08/31/2021 | Ezwhelp, Inc. | 12,764 | 05/31/2023 | PWI Partners Inc | 10,400 | 09/30/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 14,709 | 225,566 | Fee Simple | Dener | 15,060 | 05/31/2023 | S&S Inspection | 15,060 | 10/31/2025 | TMC Supply Center Inc. | 15,020 | 01/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | 19,608 | -49,875 | Fee Simple | Alarmax Distributors, Inc. | 14,759 | 08/31/2026 | Camp Wampum, Ltd. | 10,000 | 10/31/2020 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 12,438 | 277,809 | Fee Simple | Tri-Rep Sales, Inc. | 8,200 | 06/30/2021 | Fleetwash Inc. | 7,200 | 12/31/2024 | Kenneth Stanley d/b/a Colors Unlimited | 7,128 | 07/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 8,933 | 149,587 | Fee Simple | M Southern Design Concept | 5,439 | 04/30/2024 | TNC Atlanta, LLC | 4,587 | 07/31/2024 | TLLW, Inc | 2,700 | 07/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 13,005 | 261,832 | Fee Simple | Minton-Jones Company | 16,640 | 01/31/2022 | Vanguard Commercial Flooring, LLC | 13,432 | 12/31/2024 | Specialty Tile Products | 12,808 | 08/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | 9,675 | 271,552 | Fee Simple | McNeilus Financial, Inc | 39,520 | 12/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 12,535 | 239,997 | Fee Simple | Carnett’s Management Company | 26,200 | 02/28/2023 | Sigma Foods, Inc | 15,000 | 10/31/2022 | Southern Sweepers & Scrub | 10,000 | 09/30/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | 22,675 | -156,820 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | 8,422 | -87,185 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 11,360 | 228,138 | Fee Simple | Southern Company Svcs | 46,400 | 12/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | 12,740 | 223,229 | Fee Simple | Intragenix, LLC | 27,040 | 04/30/2024 | TempFlex Industrial Solutions, LLC | 10,000 | 01/31/2023 | Amify, LLC | 10,000 | 01/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 7,814 | 168,374 | Fee Simple | Service247 of Illinois, Inc. | 16,596 | 07/31/2025 | Arena Event Services, Inc. | 15,323 | 09/30/2021 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | 8,966 | 244,021 | Fee Simple | Tacony Corporation | 22,350 | 10/31/2021 | Motion Industries, Inc. | 7,450 | 08/31/2020 | ACI Plastics & Manufacturing, Inc. | 6,823 | 02/28/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | 8,918 | 142,878 | Fee Simple | Tek Panel, Inc | 12,625 | 02/28/2021 | International Valve Manufacturing, LLC | 11,032 | 12/31/2022 | Tuskin Equipment Corporation | 6,961 | 09/30/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 9,889 | 168,248 | Fee Simple | Hi-Tech Pharmaceuticals, Inc | 15,162 | 11/30/2020 | Crossville, Inc | 10,126 | 09/30/2023 | Americare, LLC | 10,041 | 08/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | 7,425 | 179,781 | Fee Simple | Deep Coat, LLC | 30,328 | 12/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 9,065 | 157,744 | Fee Simple | HEB Grocery Company, LP | 16,226 | 11/30/2021 | Peter Pan Novelty Co. Inc. | 11,800 | 09/30/2020 | BBMK, LLC d/b/a Blue Team Restoration | 3,000 | 08/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 1,020,990 | 56,850,031 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | Fee Simple | 317,166 | 06/30/2026 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | Fee Simple | 317,166 | 12/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | Fee Simple | 181,196 | 09/30/2027 | Comcast | 111,707 | 10/31/2027 | Level 10 Construction | 12,944 | 02/29/2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | 5,730,579 | Fee Simple | Amazon.com Services LLC | 855,000 | 06/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | 2,219,543 | 45,568,781 | Various | Various | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | Fee Simple | Research Assist, Inc | 2,179 | 12/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | Fee Simple | Amazon | 475,104 | 07/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | Fee Simple | Del Monte Foods, Inc. | 312,750 | 04/30/2021 | Clarkwestern Dietrich Building Systems LLC | 266,825 | 10/14/2028 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | Fee Simple | DHL | 405,100 | 07/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | Fee Simple | Sealed Air Corporation | 106,876 | 07/31/2023 | Amazon | 93,048 | 07/31/2029 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | Fee Simple | National Distribution Centers, LLC | 374,460 | 06/30/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | Fee Simple | The United States of America | 121,345 | 10/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | Fee Simple | Signify North America Corp | 400,000 | 04/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | Fee Simple | Tecnico Corporation | 155,107 | 03/31/2022 | E & J Acquisition, LLC | 119,099 | MTM | TRG Customer Solutions, Inc. | 34,109 | 12/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | Fee Simple | Philadelphia Truck Lines, Inc. | 48,946 | 05/31/2027 | Noble Sales Co., Inc. | 33,385 | 01/31/2024 | Lasership Inc | 33,370 | 12/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | Fee Simple | Qualis Automotive, L.L.C. | 300,000 | 10/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | Fee Simple | Upper Crust Bakery Limited Partnership | 118,315 | 10/31/2028 | American Combustion Industries, Inc. | 23,297 | 06/30/2024 | Trinity Highway Rentals, Inc. | 17,047 | 02/29/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | Fee Simple | DS Smith Extrusion USA, LLC | 61,689 | 09/30/2027 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | Fee Simple | Verst Group Logistics Inc. | 143,000 | 07/31/2020 | Commonwealth Warehouse, Inc. | 132,000 | 04/30/2023 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | Fee Simple | Quanex Building Products Corp | 94,148 | 02/28/2021 | Coag Medical LLC | 30,121 | 12/31/2021 | The United States of America | 20,514 | MTM | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | Fee Simple | Bell International Laboratories, Incorporated | 122,032 | 12/31/2026 | UFP Eagan LLC | 37,553 | 05/31/2021 | Consolidated Precision Products Corp. | 24,960 | 05/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | Fee Simple | Merit Medical Systems, Inc. | 79,652 | 12/31/2022 | Wayfair, LLC | 46,275 | 01/31/2021 | Trident Graphics NA LLC | 44,873 | 08/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | Leasehold | 09/19/2056 | None | The Coca-Cola Company | 144,000 | 08/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | Fee Simple | Capital One Services, LLC | 158,400 | 08/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | Fee Simple | Chicago Office Technology Group, Inc. | 125,448 | 05/08/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | Fee Simple | Transnational Foods, Inc. | 148,640 | 10/31/2020 | Amazon | 75,980 | 09/30/2026 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | Fee Simple | Nestor Imports, Inc. | 61,504 | 07/31/2027 | Bimbo Bakeries USA, Inc. | 57,668 | 12/31/2025 | Lidl US Trading, LLC | 21,583 | 07/31/2027 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | Fee Simple | Maximus Federal Services, Inc. | 123,980 | 06/30/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | Fee Simple | Barton Mines Company, LLC | 100,221 | 12/31/2020 | Carroll’s, LLC | 66,800 | 05/31/2026 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | Fee Simple | State of New Jersey | 28,211 | MTM | Publishers Circulation Fulfillment, Inc. | 19,476 | 02/28/2023 | Samuels, Inc. | 16,788 | 10/31/2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | Fee Simple | Ford Motor Company | 223,200 | 09/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | Fee Simple | Lidl US Trading, LLC | 158,400 | 07/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | Fee Simple | Graham Packaging Pet Technologies, Inc. | 109,650 | 12/31/2021 | Aristech Surfaces, LLC | 109,650 | 05/31/2021 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | Fee Simple | Lasership Inc | 64,640 | 04/30/2023 | Hanna Paper Recycling (Midwest) Inc. | 57,500 | 04/30/2024 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | Fee Simple | Jernberg Industries, LLC | 110,000 | 12/31/2020 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | Fee Simple | Eska USA B.V., Inc. | 152,600 | 05/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP |
Benchmark 2020-B18
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Underwritten | Underwritten | Ownership | Ground Lease | Ground Lease | Lease | Lease | Lease | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | TI/LC($) | NCF ($) | Interest(17) | Expiration(18) | Extension Terms(18) | Largest Tenant(19)(20)(21)(22) | SF | Expiration | 2nd Largest Tenant(21)(22) | SF | Expiration | 3rd Largest Tenant | SF | Expiration | ||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | Leasehold | 08/01/2056 | None | Siemens Postal, Parcel & Airport Logistics LLC | 120,000 | 06/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | Fee Simple | Acme Industries, Inc. | 150,700 | 08/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | Fee Simple | Measurement Specialties, Inc. | 120,000 | 07/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | Fee Simple | ThredUp Inc. | 132,851 | 01/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | Leasehold | 11/07/2056 | None | Aramark Refreshment Services, LLC | 52,557 | 12/31/2028 | Newkirk Logistics, Inc. | 42,600 | 12/31/2023 | R.S. Hughes Co., Inc. | 21,000 | 05/31/2028 | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | Fee Simple | Taylor Logistics, Inc. | 192,000 | 01/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | Fee Simple | DHL | 134,500 | 07/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | Fee Simple | Amazon | 51,648 | 05/31/2025 | Parsons Electric LLC | 42,822 | 03/31/2030 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | Fee Simple | DHL | 120,000 | 07/31/2021 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | Fee Simple | Fitzgerald Marketing and Comm | 14,346 | 04/30/2022 | Mistras Group, Inc. | 14,200 | 12/31/2021 | Panatrol Corporation | 12,574 | 02/28/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | Fee Simple | Signature Designer Services LLC | 23,000 | 07/31/2023 | Winfield Solutions, LLC | 19,155 | 03/31/2022 | Cheney, Inc. | 18,000 | 12/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | Fee Simple | Wayne/Scott Fetzer Company | 232,880 | 04/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | Fee Simple | UFP Elkwood, LLC | 150,000 | 07/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | Fee Simple | Innomark Communications LLC | 123,524 | 12/31/2020 | Midwest Container Corporation | 79,976 | 12/31/2024 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | Fee Simple | Cryomax U.S.A., Inc. | 31,330 | 11/30/2023 | Flowserve US Inc. | 23,585 | 12/31/2020 | Cost Business Services Corporation | 23,580 | 12/31/2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | Fee Simple | Nu-Tech Polymers Co., Inc. | 45,024 | 06/30/2023 | Pitney Bowes Presort Services, Inc. | 44,800 | 02/28/2021 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | Fee Simple | Serco Inc. | 75,700 | 06/30/2022 | Sprintcom, Inc. | 0 | 05/31/2032 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | Fee Simple | Magno International, L.P. | 32,610 | 12/31/2024 | Zero Gravity Trampoline Park | 25,488 | 04/30/2022 | Allina Health System | 20,082 | 07/31/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | Fee Simple | The United States of America | 7,768 | 07/07/2033 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | Fee Simple | Remedi Seniorcare of Virginia, LLC | 35,403 | 06/30/2028 | Wells Fargo Bank N.A. | 23,041 | 01/31/2022 | Vogue Furniture Direct, Inc. | 11,674 | 02/28/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | Fee Simple | Diversified Laboratory Testing, LLC | 27,890 | 04/30/2024 | UL LLC | 10,116 | 11/30/2020 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | Fee Simple | Datamatx, Incorporated | 24,755 | 01/31/2022 | TruGreen Limited Partnership | 13,671 | 01/31/2022 | Niche Logistics, LLC | 11,521 | 05/31/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | Fee Simple | US Hose Corporation | 75,250 | 05/31/2022 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | Fee Simple | MT Brothers Group, Inc. | 23,791 | 05/31/2024 | D&W International, Inc. | 12,365 | 03/31/2023 | Accelerated Courier, Inc. | 12,215 | 06/30/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | Fee Simple | New Era Industrial, LLC | 101,250 | 12/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | Fee Simple | Carl Zeiss Vision, Inc. | 40,460 | 11/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | Fee Simple | SGS North America Inc | 38,504 | 12/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | Fee Simple | Tacy, LLC | 23,286 | 01/31/2024 | Proguard Sports, Inc. | 11,331 | 12/31/2024 | Empirehouse Inc | 7,934 | 09/30/2028 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | Fee Simple | North Bend Equipment LLC | 20,175 | MTM | AIT Worldwide Logistics, Inc. | 16,177 | 01/31/2021 | Equipment Solutions Group LLC | 7,360 | 12/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | Fee Simple | Freight Rite, Inc. | 47,840 | MTM | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | Fee Simple | Wayne/Scott Fetzer Company | 76,000 | 04/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | Fee Simple | U.S.A. Container Co., Inc. | 102,000 | 02/28/2025 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 487,305,761 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | 266,596,712 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | 220,709,049 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 2,011,364 | 116,677,727 | Fee Simple | Allianz Asset Management of America L.P. | 320,911 | 01/31/2031 | WMG Acquisition Corp | 293,888 | 07/31/2029 | Showtime Networks Inc | 261,196 | 01/31/2026 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | 544,350 | 50,675,427 | Fee Simple | SunTrust Banks | 84,516 | 04/30/2024 | Allen & Company | 70,972 | 09/30/2033 | Ralph Lauren | 38,638 | 06/30/2029 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 111,154 | 6,450,144 | Fee Simple | Aurora Innovations | 111,154 | 03/31/2030 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | 116,216 | 8,150,087 | Fee Simple | NextDoor, Inc. | 115,766 | 02/01/2029 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | 657,981 | 8,875,778 | Fee Simple | Bechtel Oil, Gas and Chemicals, Inc. | 436,651 | 07/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 20,235,832 | Fee Simple | Uber Technologies, Inc. | 317,660 | 10/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 17,105,590 | Fee Simple | Uber Technologies, Inc. | 268,548 | 09/30/2039 | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | 488,725 | 4,720,729 | Fee Simple | QTC Management | 46,227 | 04/30/2025 | Aetna Health Management, LLC | 41,255 | 08/31/2021 | MCNA Insurance Company | 32,686 | 04/30/2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | 98,846 | 2,401,832 | Fee Simple | HaiDiLao Hotpot | 12,463 | 08/31/2034 | Empire Healthchoice HMO Inc. | 4,990 | 06/30/2025 | Atelier Fashion, Inc. | 2,236 | 11/30/2028 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | 599,664 | 12,890,078 | Fee Simple | Apollo Education Group | 599,664 | 03/01/2031 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 453,829,378 | Fee Simple/Leasehold | 04/27/2033 | Two, 20-year options | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | 978,835 | 41,548,866 | Fee Simple/Leasehold | 06/30/2045 | None | American Multi-Cinema | 70,000 | 07/31/2023 | Seafood City | 44,413 | 07/15/2025 | Round One | 40,576 | 07/31/2025 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | 1,716,836 | Fee Simple | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | 828,695 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | 888,141 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | 1,272,778 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | 1,271,653 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | 1,098,107 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | 995,395 | 50,905,970 | Fee Simple/Leasehold | 05/28/2028 | Three, 10-year options followed by one, nine-year option | Lowe’s Home Centers | 114,000 | 05/31/2028 | Primark | 102,805 | 07/31/2038 | JCPenney | 94,895 | 07/31/2038 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | 34,967 | 987,422 | Fee Simple | Joyland Group LLC | 11,830 | 02/28/2040 | Human Care LLC | 8,008 | 03/04/2035 | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | 811,403 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | 821,581 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | 62,311 | 993,053 | Fee Simple | Change Healthcare Resources Holdings, Inc. | 52,960 | 02/28/2027 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | 788,554 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | 37,387 | 803,996 | Fee Simple | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | 20,938 | 479,731 | Fee Simple | MSK Group, PC d/b/a OrthoSouth | 16,750 | 07/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | 16,449 | 324,265 | Fee Simple | MSK Group, P.C. dba OrthoSouth | 13,156 | 07/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | 675,419 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | 10,153 | 556,806 | Fee Simple | Roti Roti | 3,000 | 12/31/2022 | Modern Medical Artistry LLC | 2,379 | 04/24/2030 | Komiko | 1,765 | 10/31/2028 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | 28,723 | 671,293 | Fee Simple | Epicure Foods Corporation | 35,700 | 02/28/2029 | American Car Lift Service, LLC | 29,000 | 08/31/2027 | Redemption Road Foods, Inc. | 8,800 | 04/30/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | 577,117 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | 450,588 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | 548,459 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | 725,056 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | 476,575 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | 500,641 | Fee Simple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Benchmark 2020-B18 | ||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease | Lease | Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | 4th Largest Tenant(21) | SF | Expiration | 5th Largest Tenant(21)(22) | SF | Expiration | Occupancy(4)(19)(23) | As-of Date | Reserves($)(25) | Reserves ($)(26) | Reserves ($)(25) | Reserves ($)(26)(28) | Reserves ($)(25) | Reserves ($)(26)(28) | Reserves($)(25) | Reserves ($)(26) | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | 90.4% | Various | 101,570 | 6,410,963 | 431,671 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | Albert’s Organics | 80,000 | 02/28/2025 | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | IMEG Corp | 32,205 | 05/31/2025 | Equian, LLC | 19,585 | 09/30/2028 | 95.4% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | BBVA Compass Bank | 31,054 | 07/31/2022 | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | NAP | NAP | NAP | NAP | NAP | NAP | 72.6% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | Absolute Printing | 13,928 | 10/31/2020 | Vaperite Inc | 13,194 | 03/31/2022 | 94.3% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | Pilkington North America, Inc. | 16,127 | 05/31/2021 | Audio Visual Services Group | 13,630 | 06/30/2022 | 90.4% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | Macquarie Holdings (USA) Inc. | 9,761 | 01/31/2023 | Maidbot, Inc. | 9,153 | 12/31/2020 | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | TTTE dba Craters & Freighters | 14,165 | 12/31/2022 | ABM Janitorial Svcs. Inc. | 11,435 | 12/31/2023 | 91.5% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | Systel | 17,884 | 10/31/2020 | ATL Courier Inc | 16,902 | 06/30/2024 | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | Blanke Corporation | 13,126 | 12/31/2022 | Kenosha Beef International, Ltd | 13,014 | 11/30/2023 | 95.3% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | Hugh M Cunningham, Inc. | 18,000 | 01/31/2023 | ACS Flooring Group, Inc. | 16,468 | 12/31/2023 | 94.3% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | C Bond Systems, LLC | 8,385 | 05/31/2021 | Regnah Industry, LLC | 7,937 | 12/31/2022 | 77.7% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | Tubbesing Solutions, LLC | 7,491 | 04/30/2022 | Plant Interscapes, Inc. | 7,302 | 03/31/2023 | 87.5% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | NAP | NAP | NAP | NAP | NAP | NAP | 13.3% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | Fastenal Company | 4,490 | 01/31/2021 | Roku, Inc. | 3,086 | 01/31/2024 | 90.3% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | CLMS Mgmt. Svcs. Ltd Partner. | 8,040 | 07/31/2023 | Evans Consoles, Inc. | 4,560 | 12/31/2024 | 61.7% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | Pronto Vending, Ltd. | 17,134 | 06/30/2021 | Texas Receiving, LLC | 13,094 | 09/30/2021 | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | Revamped, LLC | 9,000 | 04/30/2024 | Tasty Shirt Company, Inc. | 8,990 | 12/31/2022 | 92.2% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | NAP | NAP | NAP | NAP | NAP | NAP | 43.8% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | Ocean Providence Columbus LLC | 9,500 | 09/30/2023 | Matthews International Corp | 8,000 | 11/30/2020 | 89.5% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | Capital City Electrical | 7,750 | 09/30/2023 | Fabulous Picasso Brothers | 5,200 | MTM | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | NAP | NAP | NAP | NAP | NAP | NAP | 75.1% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | NAP | NAP | NAP | NAP | NAP | NAP | 30.9% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | Rbex, Inc. | 5,550 | 08/31/2022 | First Lan Corporation | 4,800 | 05/31/2021 | 90.6% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | Fluid Engineering | 2,333 | 09/30/2020 | Water Restoration Pros, LLC | 2,300 | 02/28/2022 | 68.5% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | Stone Center, LLC | 10,240 | 12/31/2023 | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | NAP | NAP | NAP | NAP | NAP | NAP | 0.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | NAP | NAP | NAP | NAP | NAP | NAP | 0.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | Laptop Fix, LLC | 5,000 | 03/31/2023 | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | NAP | NAP | NAP | NAP | NAP | NAP | 84.1% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | NAP | NAP | NAP | NAP | NAP | NAP | 87.5% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | NAP | NAP | NAP | NAP | NAP | NAP | 83.8% | 06/01/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 100.0% | 01/01/2021 | 15,858 | 53,688,909 | 282,271 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 01/01/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | Acuitus, Inc. | 11,319 | 08/31/2024 | NAP | NAP | NAP | 100.0% | 01/01/2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/01/2020 | Springing | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | 87.3% | 03/31/2020 | Springing | 4,048,428 | Springing | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 0.5% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | NAP | NAP | NAP | NAP | NAP | NAP | 94.7% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | NAP | NAP | NAP | NAP | NAP | NAP | 76.6% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | Ann Sacks Tile and Stone, Inc. | 33,205 | MTM | Pioneer Photo Albums, Inc. | 33,025 | 07/31/2025 | 77.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | Popowski Brothers, Inc. | 9,537 | MTM | NAP | NAP | NAP | 53.5% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | NAP | NAP | NAP | NAP | NAP | NAP | 30.9% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | Johnson Brothers Liquor Company of California | 1,000 | 07/31/2027 | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | NAP | NAP | NAP | NAP | NAP | NAP | 62.6% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | DSN Associates, LLC | 13,210 | 05/31/2021 | OCI Group Inc | 5,500 | 01/31/2021 | 74.6% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 40.3% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 |
Benchmark 2020-B18 | ||||||||||||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||||||||||||
Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | Upfront | Monthly | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lease | Lease | Occupancy | Replacement | Replacement | TI/LC | TI/LC | Tax | Tax | Insurance | Insurance | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | 4th Largest Tenant(21) | SF | Expiration | 5th Largest Tenant(21)(22) | SF | Expiration | Occupancy(4)(19)(23) | As-of Date | Reserves($)(25) | Reserves ($)(26) | Reserves ($)(25) | Reserves ($)(26)(28) | Reserves ($)(25) | Reserves ($)(26)(28) | Reserves($)(25) | Reserves ($)(26) | ||||||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | NAP | NAP | NAP | NAP | NAP | NAP | 77.4% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | Englert, Inc. | 12,325 | 08/31/2021 | Accel Entertainment | 10,625 | 10/31/2023 | 77.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | The Rennebohm Company | 17,964 | 07/31/2022 | TSA Manufacturing Inc | 9,854 | 08/31/2028 | 97.1% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | Rentokil North America, Inc. | 15,830 | 02/28/2023 | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | NAP | NAP | NAP | NAP | NAP | NAP | 53.7% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | NAP | NAP | NAP | NAP | NAP | NAP | 12.6% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | NAP | NAP | NAP | NAP | NAP | NAP | 68.2% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | C. R. H. Catering Co., Inc. | 11,110 | 02/28/2025 | Storefront Glass Door and More L.L.C. | 8,128 | 12/31/2022 | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | Concentra Health Services, Inc. | 11,083 | 04/30/2026 | Consolidated Electrical Distributors, Inc. | 8,295 | 05/31/2023 | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | Maruka U.S.A. Inc. | 4,130 | 11/30/2022 | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 91.0% | 03/31/2020 | Springing | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | NAP | NAP | NAP | NAP | NAP | NAP | 89.7% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | NAP | NAP | NAP | NAP | NAP | NAP | 92.4% | 03/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | Morgan Stanley & Co | 260,829 | 03/31/2032 | Kasowitz Benson Torres | 203,394 | 03/31/2037 | 98.4% | 10/31/2019 | Springing | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | Loro Piana USA | 24,388 | 08/31/2025 | Sandler Capital | 17,200 | 06/30/2027 | 76.5% | 01/31/2020 | Springing | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/06/2020 | Springing | 9,756,740 | 217,595 | 53,740 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | NAP | NAP | NAP | NAP | NAP | NAP | 99.6% | 07/06/2020 | 1,937 | 1,937 | 9,685 | 9,685 | 98,219 | 49,110 | 2,615 | 2,615 | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | NAP | NAP | NAP | NAP | NAP | NAP | 99.4% | 07/01/2020 | 8,095 | 8,095 | 55,190 | 55,190 | 391,962 | 195,981 | 206,002 | 18,727 | ||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/10/2020 | Springing | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/10/2020 | Springing | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | TNC (US) Holdings, Inc. | 30,154 | 10/31/2028 | MacAulay Brown, Inc. | 20,628 | 11/30/2023 | 84.8% | 04/01/2020 | 9,596 | 143,309 | 218,018 | 218,019 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | Metro City Bank | 2,022 | 07/31/2028 | Elements Pharmacy, Inc. | 1,756 | 09/30/2029 | 83.0% | 01/22/2020 | 375 | 2,500 | 45,750 | 11,438 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/05/2020 | 9,994 | 9,994 | 49,972 | 49,972 | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | NAP | NAP | NAP | NAP | NAP | NAP | 93.4% | 03/31/2020 | Springing | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | The Container Store | 25,452 | 02/28/2027 | H&M | 24,506 | 01/31/2029 | 84.1% | 11/30/2019 | Springing | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | 81.2% | 05/31/2020 | 2,681 | 250,087 | 22,735 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | 73.9% | 05/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | 88.6% | 05/31/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | NAP | NAP | NAP | NAP | NAP | NAP | 96.4% | 05/31/2020 | 1,146 | 1,146 | 26,273 | 26,273 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | NAP | NAP | NAP | NAP | NAP | NAP | 97.8% | 05/04/2020 | 3,833 | 3,833 | 179,948 | 25,707 | 48,088 | 4,809 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | NAP | NAP | NAP | NAP | NAP | NAP | 85.4% | 06/12/2020 | 1,708 | 1,550 | 1,550 | 1,797 | 1,797 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | Burlington | 55,078 | 07/31/2028 | Best Buy | 53,371 | 01/31/2032 | 96.7% | 06/02/2020 | Springing | Springing | Springing | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 04/01/2020 | 331 | 2,937 | 2,419 | 1,209 | 3,198 | 1,599 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 86.7% | 06/16/2020 | 1,250 | 2,488 | 2,488 | 1,411 | 1,411 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | NAP | NAP | NAP | NAP | NAP | NAP | 92.6% | 06/10/2020 | 49,450 | 2,700 | 13,048 | 13,048 | 12,165 | 3,041 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/06/2020 | 1,589 | 4,413 | 251,456 | 25,146 | 30,185 | 5,031 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | NAP | NAP | NAP | NAP | NAP | NAP | 84.3% | 06/08/2020 | 250,000 | 1,255 | 61,856 | 7,732 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | 100.0% | 07/06/2020 | Springing | 373,825 | Springing | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/06/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 07/06/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 94.9% | 06/17/2020 | 1,625 | 239,697 | 27,728 | 11,498 | 1,437 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | Gracie Barra | 1,579 | 01/31/2025 | Old Town Barbershop | 1,430 | 07/31/2028 | 100.0% | 01/17/2020 | 544 | 846 | 38,977 | 7,795 | Springing | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 02/13/2020 | 613 | 1,531 | 51,040 | 12,760 | 2,506 | 1,253 | ||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | NAP | NAP | NAP | NAP | NAP | NAP | 92.4% | 06/02/2020 | 613 | 22,607 | 4,521 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | NAP | NAP | NAP | NAP | NAP | NAP | 87.5% | 06/01/2020 | 333 | 5,147 | 1,287 | 9,848 | 1,094 | |||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | NAP | NAP | NAP | NAP | NAP | NAP | 86.9% | 04/30/2020 | 764 | 37,668 | 6,278 | Springing | ||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | NAP | NAP | NAP | NAP | NAP | NAP | 91.2% | 04/30/2020 | 28,888 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | NAP | NAP | NAP | NAP | NAP | NAP | 93.2% | 04/30/2020 | 23,328 | Springing | Springing | |||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | 86.3% | 05/14/2020 | Springing | 18,501 | 9,250 | 2,055 | 685 |
Benchmark 2020-B18 | ||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||
Upfront | Upfront | Monthly | Other | Environmental | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engineering | Other | Other | Reserves | Report | Engineering | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Reserve($)(25) | Reserves ($)(25) | Reserves ($)(26)(27) | Description | Date(30) | Report Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | 2,985,266 | 2,172,050 | Springing | Working Capital Reserve (Upfront: 2,000,000); Gap Rent Reserve (Upfront: 172,050); Common Charges Reserve (Monthly: Springing) | Various | Various | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 03/02/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | 02/26/2020 | 02/26/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | 02/26/2020 | 02/26/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 03/26/2020 | 03/23/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | 02/28/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | 03/02/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | 02/28/2020 | 02/25/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | 02/27/2020 | 02/26/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | 03/02/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | 02/27/2020 | 03/04/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 02/26/2020 | 02/26/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | 02/27/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 03/20/2020 | 03/20/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 02/26/2020 | 02/26/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | 02/26/2020 | 02/26/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | 02/26/2020 | 03/03/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | 03/20/2020 | 03/20/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | 02/26/2020 | 03/04/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | 02/27/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 02/26/2020 | 02/28/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | 02/26/2020 | 02/27/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 03/20/2020 | 03/20/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 34,016,766 | Springing | Rent Concession Reserve (Upfront: 34,016,766.08); Lease Sweep Reserve (Monthly: Springing) | 01/14/2020 | 01/14/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | 01/14/2020 | 01/14/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | 01/14/2020 | 01/14/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | 01/14/2020 | 01/14/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | Springing | Unfunded Obligations Reserve | 04/21/2020 | 04/21/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | Springing | Ground Rent Reserve | Various | Various | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | 07/19/2019 | 07/12/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | 07/26/2019 | 07/29/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | 07/19/2019 | 07/19/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | 07/19/2019 | 07/19/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | 07/31/2019 | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | 09/24/2019 | 09/23/2019 |
Benchmark 2020-B18 | ||||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | ||||||||||
Upfront | Upfront | Monthly | Other | Environmental | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Engineering | Other | Other | Reserves | Report | Engineering | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Reserve($)(25) | Reserves ($)(25) | Reserves ($)(26)(27) | Description | Date(30) | Report Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | 07/19/2019 | 07/19/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | 07/19/2019 | 07/19/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | 07/26/2019 | 07/01/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | 09/24/2019 | 09/23/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | 09/24/2019 | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | 09/24/2019 | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | 07/26/2019 | 07/26/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | 07/19/2019 | 07/19/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | 07/26/2019 | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | 07/26/2019 | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 02/11/2020 | 02/11/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | 02/11/2020 | 02/11/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | 02/11/2020 | 02/11/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 36,389,727 | Unfunded Obligations Reserve | 10/30/2019 | 10/30/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | 3,048,024 | Springing | TCO Renewal Reserve (Upfront: 2,000,000); Unfunded Obligations Reserve (Upfront: 1,048,024.18); Downgraded Tenant Reserve (Monthly: Springing) | 02/03/2020 | 01/30/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 2,588,137 | Springing | Debt Service Reserve (Upfront: 1,402,250; Monthly: Springing); Aurora Rent Reserve (Upfront: 600,825.22); Landlord’s Work Reserve (Upfront: 585,062); Lease Sweep Reserve (Monthly: Springing) | 01/15/2020 | 01/15/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | 18,315,615 | Springing | Outstanding TI/LC Reserve (Upfront: 8,447,053.98); Lower Level Conversion Reserve (Upfront: 4,834,237.00); Bridge Rent Reserve (Upfront: 3,811,699.00); Debt Service Reserve (Upfront: 1,222,625.16 Monthly: Springing); Letter of Credit Proceeds Reserve (Monthly: Springing) | 03/26/2020 | 03/26/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | 12/10/2019 | 12/11/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 7,821,488 | 24,508,004 | Springing | Outstanding Landlord Obligations (Upfront: 24,508,004); Common Charges Reserve (Monthly: Springing) | 10/11/2019 | 10/11/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 7,342,312 | 23,006,544 | Springing | Outstanding Landlord Obligations (Upfront: 23,006,544); Common Charges Reserve (Monthly: Springing) | 10/11/2019 | 10/11/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | 78,265 | 1,852,176 | Debt Service Reserve (1,203,962.05); Unfunded Obligations Reserve (648,214.44) | 02/07/2020 | 02/07/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | 415,375 | Springing | Empire TI/LC Reserve (Upfront: 199,700); Empire Free Rent Reserve (Upfront: 195,221.33); Condo Assessment Reserve (Upfront: 20,453.83; Monthly: Springing) | 01/24/2020 | 01/24/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | 01/09/2020 | 01/09/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 11/06/2019 | 11/06/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | Springing | Parking Area Rent Reserve | 11/20/2019 | 11/20/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | 8,875 | 06/03/2020 | 06/03/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | 06/03/2020 | 06/03/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | 06/03/2020 | 06/03/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | 189,344 | Static Debt Service Reserve Fund | 04/08/2020 | 04/08/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | 303,406 | Debt Service Reserve | 03/02/2020 | 03/02/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | 207,080 | Springing | DS Reserve Funds | 09/03/2019 | 02/28/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | Springing | Ground Rent Reserve | 11/22/2019 | 10/22/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | 521,000 | Debt Service Reserve | 02/05/2020 | 02/05/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | 167,071 | Springing | DS Reserve Funds (Upfront: 145,831; Monthly: 24,305); Dark Reserve (Upfront: 21,240) | 01/03/2020 | 01/02/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | 72,335 | 300,000 | Debt Service Reserve | 03/06/2020 | 06/15/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | 1,500 | 02/27/2020 | 02/27/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | 20,750 | 06/12/2020 | 06/12/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | 110,832 | Upfront Reserve | 06/12/2020 | 06/12/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | 06/12/2020 | 06/12/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | 06/12/2020 | 06/12/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | 138,335 | Springing | Interest Reserve | 10/24/2019 | 10/24/2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | 132,000 | Rent Reserve | 02/13/2020 | 02/13/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | 402,790 | Debt Service Reserve (381,669); Free Rent Reserve (21,121.08) | 02/07/2020 | 02/07/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | 06/19/2020 | 06/19/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | 775,600 | Holdback Reserve (500,000); Debt Service Reserve (275,600) | 03/12/2020 | 03/12/2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | 38,525 | 300,000 | Roof Repair Reserve | 05/28/2020 | 05/29/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | 11,188 | 02/14/2020 | 02/14/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | 1,375 | 02/13/2020 | 02/14/2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | 28,375 | 03/06/2020 | 03/05/2020 |
Benchmark 2020-B18 | |||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||
Franchise | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expiration | Loan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | PML/SEL (%) | Date | Purpose | Sponsor(24) | Guarantor(31) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | NAP | Refinance | Elad Canada Realty Inc. | Elad Genesis Limited Partnership | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 6.0% | Refinance | Jay Paul | Paul Guarantor LLC | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | 6.0% | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | 6.0% | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | 6.0% | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | NAP | NAP | Refinance | Brett Michael Lipman; Farshid Steve Shokouhi | Brett Michael Lipman; Farshid Steve Shokouhi | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | NAP | Refinance | BREIT Industrial Holdings LLC | BREIT Industrial Holdings LLC | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | NAP | NAP |
Benchmark 2020-B18 | |||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||
Franchise | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expiration | Loan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | PML/SEL (%) | Date | Purpose | Sponsor(24) | Guarantor(31) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | NAP | Acquisition | BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP | BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | NAP | NAP | Refinance | Paramount Group Operating Partnership LP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | NAP | NAP | Refinance | Bayerische Versorgungskammer; Deutsche Finance America LLC; DF Deutsche Finance Holding AG; Hessen Lawyers Pension Fund | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 13.0% | NAP | Refinance | Peter Pau | Peter Pau | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | 13.0% | NAP | Refinance | Seven Equity Group; Nakash Holdings | Raymond Falack; Ralph Nakash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | NAP | NAP | Refinance | Norman Bobrow | Norman Bobrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 14.0% | NAP | Refinance | GSW Sports LLC; Uber Technologies, Inc.; Alexandria Real Estate Equities, Inc. | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 14.0% | NAP | Refinance | GSW Sports LLC; Uber Technologies, Inc.; Alexandria Real Estate Equities, Inc. | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | NAP | NAP | Refinance | Joe Richard Rodriguez | Joe Richard Rodriguez | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | NAP | NAP | Acquisition | A Laboz Control Party; Joseph J. Sitt | Albert Laboz; Jason Laboz; Joseph Jody Laboz; Joseph J. Sitt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | NAP | NAP | Refinance | Steven Elghanayan | Steven Elghanayan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | NAP | NAP | Acquisition | BREIT Operating Partnership L.P. | BREIT Operating Partnership L.P. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | 10.0% | NAP | Refinance | URW WEA LLC | URW WEA LLC | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | NAP | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | George Thacker; Lawrence Charles Kaplan; Richard Schontz | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | NAP | NAP | Refinance | Bennat Berger | Bennat Berger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | NAP | NAP | Refinance | Hudson Capital Investments, LLC; RW Winco Irrevocable Trust U/T/A dated November 1, 2002 | Hudson Capital Investments, LLC; RW Winco Irrevocable Trust U/T/A dated November 1, 2002 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | NAP | NAP | Refinance | Yaron Kandelker | Yaron Kandelker | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | NAP | NAP | Refinance | The Macerich Partnership, L.P. | The Macerich Partnership, L.P. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | NAP | NAP | Refinance | Joel Wertzberger | Joel Wertzberger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | NAP | NAP | Acquisition | Yaron Kandelker | Yaron Kandelker | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | NAP | NAP | Recapitalization | Tyler Ross; Michael Colman; David Colman | Tyler Ross; Michael Colman; David Colman | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | NAP | NAP | Refinance | MG3 REIT, LLC | MG3 REIT, LLC | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | NAP | NAP | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | Various | Acquisition | Louis J. Rogers | Louis J. Rogers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | 9.0% | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | NAP | NAP | Refinance | Benton B. Kendig III | FGG Florida Partnership, Ltd.; Florida West Land Corp. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | NAP | NAP | Acquisition | Gustavo Spoliansky | Gustavo Spoliansky | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | NAP | NAP | Acquisition | Dina Ekstein; The David Ekstein 2013 Irrevocable Trust | Dina Ekstein; The David Ekstein 2013 Irrevocable Trust | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | NAP | NAP | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | NAP | NAP | Refinance | Shloime Goldstein; Solomon Weiss | Shloime Goldstein; Solomon Weiss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | NAP | NAP | Acquisition | George Thacker; Lawrence Charles Kaplan; Richard Schontz | George Thacker; Lawrence Charles Kaplan; Richard Schontz | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | 4.0% | NAP | Refinance | Donald Payne | Donald Payne | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | 5.0% | NAP | Refinance | Donald Payne | Donald Payne | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | NAP | NAP | Refinance | Richard A. Graham, Jr. | Richard A. Graham, Jr. |
Benchmark 2020-B18 | |||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||
Existing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional Sub Debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Previous Securitization | Non-Trust Pari Passu Original Balance | Non-Trust Pari Passu Cut-off Date Balance | Non-Trust Pari Passu Balloon Balance | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | MSC 2019-AGLN | 156,000,000 | 156,000,000 | 156,000,000 | 172,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | 19,660,645 | 19,660,645 | 19,660,645 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | 19,525,161 | 19,525,161 | 19,525,161 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | 9,905,806 | 9,905,806 | 9,905,806 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | 7,474,839 | 7,474,839 | 7,474,839 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | 6,840,000 | 6,840,000 | 6,840,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | 5,705,806 | 5,705,806 | 5,705,806 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | 5,322,581 | 5,322,581 | 5,322,581 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | 4,881,290 | 4,881,290 | 4,881,290 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | 4,513,548 | 4,513,548 | 4,513,548 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | 4,455,484 | 4,455,484 | 4,455,484 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | 4,002,581 | 4,002,581 | 4,002,581 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | 3,716,129 | 3,716,129 | 3,716,129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | 3,630,968 | 3,630,968 | 3,630,968 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | 3,491,613 | 3,491,613 | 3,491,613 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | 3,034,839 | 3,034,839 | 3,034,839 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | 2,949,677 | 2,949,677 | 2,949,677 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | 2,922,581 | 2,922,581 | 2,922,581 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | 2,837,419 | 2,837,419 | 2,837,419 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | 2,837,419 | 2,837,419 | 2,837,419 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | 2,752,258 | 2,752,258 | 2,752,258 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | 2,667,097 | 2,667,097 | 2,667,097 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | 2,438,710 | 2,438,710 | 2,438,710 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | 2,299,355 | 2,299,355 | 2,299,355 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | 2,129,032 | 2,129,032 | 2,129,032 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | 2,070,968 | 2,070,968 | 2,070,968 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | 2,043,871 | 2,043,871 | 2,043,871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | 1,730,323 | 1,730,323 | 1,730,323 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | 1,602,581 | 1,602,581 | 1,602,581 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | 1,532,903 | 1,532,903 | 1,532,903 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | 1,474,839 | 1,474,839 | 1,474,839 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | 1,389,677 | 1,389,677 | 1,389,677 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | 1,099,355 | 1,099,355 | 1,099,355 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | 1,091,613 | 1,091,613 | 1,091,613 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | 1,080,000 | 1,080,000 | 1,080,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | 1,064,516 | 1,064,516 | 1,064,516 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | 1,037,419 | 1,037,419 | 1,037,419 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | 994,839 | 994,839 | 994,839 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | 979,355 | 979,355 | 979,355 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | 963,871 | 963,871 | 963,871 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | 952,258 | 952,258 | 952,258 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | 867,097 | 867,097 | 867,097 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | 851,613 | 851,613 | 851,613 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | 851,613 | 851,613 | 851,613 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | 836,129 | 836,129 | 836,129 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | 750,968 | 750,968 | 750,968 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | 739,355 | 739,355 | 739,355 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | 368,000,000 | 368,000,000 | 368,000,000 | 327,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | COMM 2013-LC6, COMM 2013-CCRE6, COMM 2013-CCRE7 | 114,701,299 | 114,701,299 | 114,701,299 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | COMM 2013-LC6, COMM 2013-CCRE6, COMM 2013-CCRE7 | 126,649,351 | 126,649,351 | 126,649,351 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | COMM 2013-LC6, COMM 2013-CCRE6, COMM 2013-CCRE7 | 126,649,351 | 126,649,351 | 126,649,351 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | 310,682,660 | 310,682,660 | 310,682,660 | 268,744,955 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | 21,123,548 | 21,123,548 | 21,123,548 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | 13,810,295 | 13,810,295 | 13,810,295 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | 11,296,364 | 11,296,364 | 11,296,364 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | 10,773,989 | 10,773,989 | 10,773,989 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | 9,827,184 | 9,827,184 | 9,827,184 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | 9,500,699 | 9,500,699 | 9,500,699 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | 9,468,051 | 9,468,051 | 9,468,051 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | 7,868,277 | 7,868,277 | 7,868,277 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | 7,639,738 | 7,639,738 | 7,639,738 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | 7,541,792 | 7,541,792 | 7,541,792 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | 6,790,878 | 6,790,878 | 6,790,878 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | 6,268,503 | 6,268,503 | 6,268,503 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | 6,170,557 | 6,170,557 | 6,170,557 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | 5,713,479 | 5,713,479 | 5,713,479 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | 5,582,885 | 5,582,885 | 5,582,885 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | 5,484,940 | 5,484,940 | 5,484,940 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | 5,452,291 | 5,452,291 | 5,452,291 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | 5,354,346 | 5,354,346 | 5,354,346 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | 5,158,455 | 5,158,455 | 5,158,455 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | 5,060,510 | 5,060,510 | 5,060,510 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | 5,027,861 | 5,027,861 | 5,027,861 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | 4,962,565 | 4,962,565 | 4,962,565 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | 4,897,268 | 4,897,268 | 4,897,268 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | 4,864,619 | 4,864,619 | 4,864,619 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | 4,799,322 | 4,799,322 | 4,799,322 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | 4,636,080 | 4,636,080 | 4,636,080 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | 4,603,432 | 4,603,432 | 4,603,432 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | 4,538,135 | 4,538,135 | 4,538,135 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | 4,505,486 | 4,505,486 | 4,505,486 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | 4,440,189 | 4,440,189 | 4,440,189 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | 4,407,541 | 4,407,541 | 4,407,541 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 | 4,407,541 | 4,407,541 | 4,407,541 |
Benchmark 2020-B18 | |||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||
Existing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional Sub Debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Previous Securitization | Non-Trust Pari Passu Original Balance | Non-Trust Pari Passu Cut-off Date Balance | Non-Trust Pari Passu Balloon Balance | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | 4,407,541 | 4,407,541 | 4,407,541 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | 4,276,947 | 4,276,947 | 4,276,947 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | 4,276,947 | 4,276,947 | 4,276,947 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | 4,244,299 | 4,244,299 | 4,244,299 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | 4,015,759 | 4,015,759 | 4,015,759 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | 3,819,869 | 3,819,869 | 3,819,869 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | 3,591,330 | 3,591,330 | 3,591,330 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | 3,591,330 | 3,591,330 | 3,591,330 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | 3,558,681 | 3,558,681 | 3,558,681 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | 3,526,033 | 3,526,033 | 3,526,033 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | 3,526,033 | 3,526,033 | 3,526,033 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | 3,428,087 | 3,428,087 | 3,428,087 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | 3,395,439 | 3,395,439 | 3,395,439 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | 3,362,790 | 3,362,790 | 3,362,790 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | 3,297,494 | 3,297,494 | 3,297,494 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | 2,938,361 | 2,938,361 | 2,938,361 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | 2,873,064 | 2,873,064 | 2,873,064 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | 2,677,173 | 2,677,173 | 2,677,173 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | 2,611,876 | 2,611,876 | 2,611,876 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | 2,481,282 | 2,481,282 | 2,481,282 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | 2,383,337 | 2,383,337 | 2,383,337 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | 2,285,392 | 2,285,392 | 2,285,392 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | 2,154,798 | 2,154,798 | 2,154,798 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | 1,958,907 | 1,958,907 | 1,958,907 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | 1,893,610 | 1,893,610 | 1,893,610 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | 1,697,719 | 1,697,719 | 1,697,719 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | 1,599,774 | 1,599,774 | 1,599,774 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | 1,371,235 | 1,371,235 | 1,371,235 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | 1,191,668 | 1,191,668 | 1,191,668 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | 1,142,696 | 1,142,696 | 1,142,696 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | 995,778 | 995,778 | 995,778 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | 130,594 | 130,594 | 130,594 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | 1,569,200,000 | 1,569,200,000 | 1,569,200,000 | 1,365,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | 855,214,000 | 855,214,000 | 855,214,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | 713,986,000 | 713,986,000 | 713,986,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | 938,150,000 | 938,150,000 | 938,150,000 | 249,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | 500,000,000 | 500,000,000 | 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | 31,000,000 | 31,000,000 | 31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | BANC 2016-CRE1, BANC 2018-CRE4 | 50,000,000 | 50,000,000 | 45,180,607 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | GSMS 2011-GC3 | 45,000,000 | 45,000,000 | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | 127,496,250 | 127,496,250 | 127,496,250 | 178,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | 108,753,750 | 108,753,750 | 108,753,750 | 151,910,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | 25,000,000 | 25,000,000 | 20,951,597 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | CGCMT 2015-GC29 | 65,000,000 | 65,000,000 | 65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | 1,654,950,000 | 1,654,950,000 | 1,654,950,000 | 1,333,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | 198,000,000 | 198,000,000 | 198,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | FNA 2013-M3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | GSMS 2013-KING | 472,891,892 | 472,891,892 | 472,891,892 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | MLMT 2006-C1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | CGCMT 2014-GC19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | UBSCM 2018-C8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | WFRBS 2011-C5 |
Benchmark 2020-B18 | |||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||
Future Debt | Whole Loan | Mezzanine | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Permitted | Interest | Interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Existing Additional Sub Debt Description | Existing Mezzanine Debt | Type | Rate | Rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 1 | Agellan Portfolio(2)(32)(33) | $172,000,000 B-Notes | 31,000,000 | NAP | 4.53080446650124% | 9.00000% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.01 | Sarasota Distribution Hub | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.02 | Naperville Woods Office Center | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.03 | Southpark Business Park FOP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.04 | Supervalu | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.05 | Plainfield Business Center IV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.06 | Beltway III | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.07 | 4405 Continental Dr | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.08 | Beltway IV | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.09 | Sandy Plains Business Park | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.10 | Coliseum Distribution Center #1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.11 | Silber Industrial Park | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.12 | Southpark Business Park M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.13 | West by Northwest Business Blvd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.14 | Norcross Center | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.15 | Goshen Springs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.16 | Long Point Center | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.17 | Corridor Park D | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.18 | Southport 1-4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.19 | Jameel | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.20 | Beltway II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.21 | Braker Center 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.22 | Northgreen 1-4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.23 | Minimax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.24 | Southpark Business Park E | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.25 | 9385 Washington Blvd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.26 | Rothway | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.27 | 2730 Pinnacle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.28 | Columbus West - Interchange Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.29 | 1346 Oakbrook Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.30 | 1230-1236 Hardt Circle | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.31 | Pine Forest Business Park | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.32 | Rittiman East Industrial Park #23 & 24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.33 | 1351 Oakbrook Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.34 | 1325 Oakbrook Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.35 | 490 Heartland Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.36 | 1265 Oakbrook Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.37 | Columbus West - Business Park | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.38 | 1155 Bowes Road | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.39 | 1280 Oakbrook Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.40 | Cox Business Center | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.41 | 2002 Bloomingdale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.42 | 333 Charles Court | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.43 | 483 Heartland Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.44 | 1256 Oakbrook Drive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.45 | 550 Heartland | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 1.46 | Rittiman East Industrial Park #22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 2 | Moffett Towers Buildings A, B & C(2)(32) | B-Note | None | NAP | 3.49000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.01 | Moffett Towers Building A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.02 | Moffett Towers Building B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 2.03 | Moffett Towers Building C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 3 | Tropical Distribution Center | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 4 | BX Industrial Portfolio(2)(32) | $85,724,445 B-Note; $129,885,523 C-Note; $53,134,987 D-Note | None | NAP | 3.30503939035944% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.01 | Bridgewater Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.02 | 401 E Laraway Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.03 | Rochelle 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.04 | 350A Salem Church Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.05 | Romeoville Bldg 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.06 | 251 E Laraway Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.07 | 7940 Kentucky | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.08 | Mountain Top Distribution Center 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.09 | Enterprise Parkway | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.10 | Cavalier I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.11 | 1910 International | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.12 | Glen Dale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.13 | Romeoville Bldg 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.14 | Enterprise Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.15 | 2270 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.16 | 2950 Lexington Ave South | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.17 | Rivers Bend Center 1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.18 | DFW Logistics Center (Bldg 4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.19 | Rivers Bend Center 1C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.20 | Territorial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.21 | Diamond Hill 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.22 | Rivers Bend Center 2A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.23 | Rivers Bend Center 1A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.24 | Diamond Hill 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.25 | Whippany Business Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.26 | The Colony Land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.27 | Shawnee Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.28 | Rivers Bend Center 2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.29 | 7930 Kentucky | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.30 | Dues Dr Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.31 | Gibraltar | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.32 | Diamond Hill 1 |
Benchmark 2020-B18 | |||||||||
ANNEX A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES | |||||||||
Future Debt | Whole Loan | Mezzanine | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Permitted | Interest | Interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | ID | Property Name | Existing Additional Sub Debt Description | Existing Mezzanine Debt | Type | Rate | Rate | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.33 | DFW Logistics Center (Bldg 3) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.34 | Elk Grove Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.35 | 1000 Lucas Way | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.36 | Lakeview | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.37 | DFW Logistics Center (Bldg 5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.38 | 9756 International | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.39 | 350B Salem Church Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.40 | 6105 Trenton Ln | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.41 | 300 Salem Church Rd | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.42 | Tower | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.43 | 1940 Fernbrook Ln | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.44 | Production Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.45 | Culpeper | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.46 | Fairfield Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.47 | Cavalier II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.48 | World Park II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.49 | Diamond Hill 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.50 | 2290-2298 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.51 | 514 Butler Rd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.52 | Northridge II | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.53 | 2222 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.54 | Northridge I | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.55 | Romeoville Distribution Center 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.56 | 1825 Airport Exchange | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.57 | 7453 Empire - Bldg C | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.58 | Rivers Bend Center 1D | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.59 | Heathrow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.60 | 2240-2250 Woodale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.61 | 273 Industrial Way | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.62 | 7453 Empire - Bldg B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.63 | 7453 Empire - Bldg A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.64 | Rivers Bend Center - Land | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.65 | Production Distribution Center 1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.66 | Bridgewater Center 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.67 | Laraway Land 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 4.68 | Laraway Land 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 5 | MGM Grand & Mandalay Bay(2)(32)(34) | $804,400,000 B-Notes; $561,400,000 C-Notes | None | Mezzanine | 3.55800% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.01 | MGM Grand | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 5.02 | Mandalay Bay | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 6 | 1633 Broadway(2)(32)(34) | B-Note | None | Equityholder Debt or Debt-Like Preferred Equity | 2.99000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 7 | 711 Fifth Avenue(2)(34) | None | None | Mezzanine | 3.16000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 8 | 280 North Bernardo(2) | None | None | NAP | 3.95000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 9 | 420 Taylor Street(2) | None | None | NAP | 3.75000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 10 | 3000 Post Oak(2)(33) | None | 20,000,000 | NAP | 4.98750% | 10.00000% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 11 | Chase Center Tower I(2)(32) | $83,637,000 B-Note; $94,453,000 C-Note | None | NAP | 4.50000486195182% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 12 | Chase Center Tower II(2)(32) | $71,363,000 B-Note; $80,547,000 C-Note | None | NAP | 4.4999624243302% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 13 | Brass Professional Center(2) | None | None | NAP | 4.75000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 14 | Flushing Commons(35) | None | 3,975,906 | NAP | 4.50000% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 15 | Apollo Education Group HQ Campus(2) | None | None | NAP | 3.35000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 16 | Bellagio Hotel and Casino(2)(32)(34) | $650,500,000 B-Notes; $683,300,000 C-Notes | None | Mezzanine | 3.66500% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 17 | Southcenter Mall(2) | None | None | NAP | 2.88000% | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 18 | CityLine Augusta Portfolio | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.01 | Belair Dyess Self Storage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 18.02 | Wheeler Self Storage | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 19 | 364 Lincoln(29) | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 20 | Jasmine Cove(34) | None | None | Mezzanine | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 21 | Battery Park Lofts | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 22 | Kings Plaza(2)(33)(35) | None | 53,000,000 | NAP | 3.35880% | 6.00000% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 23 | 84 14th Street | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 24 | Edge 32 Apartments | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 25 | Cambridge Club Apartments(29) | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 26 | 1725 N Commerce Parkway | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 27 | CityLine Hattiesburg | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 28 | OrthoSouth | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.01 | Primary Parkway | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property | 28.02 | Southaven | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 29 | Strathmore Apartments | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 30 | 630 W Lake | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 31 | 2 Laurel Drive | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 32 | CityLine Flagstaff | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 33 | 968-970 Gates Ave | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 34 | CityLine Wisconsin | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 35 | StorQuest Self Storage - Modesto | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 36 | StorQuest Self Storage - Ceres | None | None | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan | 37 | Castle Rock Self Storage | None | None | NAP | NAP |
Benchmark 2020-B18 | |
FOOTNOTES TO ANNEX A-1 | |
(1) | GACC—German American Capital Corporation or one of its affiliates; GSMC—Goldman Sachs, Mortgage Company or one of its affiliates; JPMCB—JPMorgan Chase Bank, National Association or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates. |
(2) |
Loan Number | Mortgage Loan Seller | Property Name | Cut-off Date Balance ($) | Non-Trust Pari Passu Cut-off Date Balance | Controlling Note | Governing PSA | |
1 | JPMCB | Agellan Portfolio | $75,000,000 | $156,000,000 | No | Future Securitization | |
2 | GSMC | Moffett Towers Buildings A, B & C | $75,000,000 | $368,000,000 | No | MOFT 2020-ABC | |
4 | GACC | BX Industrial Portfolio | $70,000,000 | $310,682,660 | No | BMARK 2020-IG3 | |
5 | CREFI/GACC | MGM Grand & Mandalay Bay | $65,000,000 | $1,569,200,000 | No | BX 2020-VIVA | |
6 | GACC/JPMCB | 1633 Broadway | $62,850,000 | $938,150,000 | No | BWAY 2019-1633 | |
7 | GSMC | 711 Fifth Avenue | $45,000,000 | $500,000,000 | No | GSMS 2020-GC47 | |
8 | GACC | 280 North Bernardo | $40,000,000 | $31,000,000 | Yes | BMARK 2020-B18 | |
9 | JPMCB/CREFI | 420 Taylor Street | $38,000,000 | $50,000,000 | Yes | BMARK 2020-B18 | |
10 | JPMCB | 3000 Post Oak | $35,000,000 | $45,000,000 | Yes | BMARK 2020-B18 | |
11 | JPMCB | Chase Center Tower I | $18,213,750 | $127,496,250 | No | BMARK 2020-IG2 | |
12 | JPMCB | Chase Center Tower II | $15,536,250 | $108,753,750 | No | BMARK 2020-IG2 | |
13 | GSMC | Brass Professional Center | $32,700,000 | $25,000,000 | Yes | BMARK 2020-B18 | |
15 | JPMCB | Apollo Education Group HQ Campus | $26,500,000 | $65,000,000 | No | BMARK 2020-B17 | |
16 | JPMCB | Bellagio Hotel and Casino | $21,250,000 | $1,654,950,000 | No | BX 2019-OC11 | |
17 | GACC | Southcenter Mall | $20,000,000 | $198,000,000 | No | GSMS 2020-GC45 | |
22 | JPMCB | Kings Plaza | $14,108,108 | $472,891,892 | No | BMARK 2020-B17 |
(3) | With respect to any Mortgaged Property securing a multi–property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut–off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property. |
● Loan No. 1 – Agellan Portfolio ● Loan No. 2 – Moffett Towers Buildings A, B & C ● Loan No. 4 – BX Industrial Portfolio ● Loan No. 5 – MGM Grand & Mandalay Bay ● Loan No. 11 – Chase Center Tower I ● Loan No. 12 – Chase Center Tower II ● Loan No. 18 – CityLine Augusta Portfolio ● Loan No. 28 – OrthoSouth | |
(4) |
Multifamily | Retail | Office | |||||||||
Loan No. | Property Name | Units | Occ. | % of UW Base Rent | NRA (sq. ft.) | Occ. | % of UW Base Rent | NRA (sq. ft.) | Occ. | % of UW Base Rent | |
7 | 711 Fifth Avenue | 53,798 | 98.4% | 78.5% | 286,226 | 72.3% | 21.5% | ||||
30 | 630 W Lake | 18 | 100.0% | 46.2% | 10,153 | 100.0% | 53.8% |
Loan No. 4 – BX Industrial Portfolio – Five of the Mortgaged Properties are Leased Fee and account for approximately 1.9% of the total allocated loan amount. These five properties are not included in square footage calculations and do not account for any U/W Base Rent.
Loan No. 5 – MGM Grand & Mandalay Bay – Each of the related Mortgaged Properties consist of a resort and casino and, as of the trailing twelve months ending March 31, 2020 (i) with respect to the Mandalay Bay Mortgaged Property, approximately 34.1% of the revenues were from hotel rooms, approximately 30.2% of the revenues were from food and beverage sales, approximately 13.2% of the revenues were from gaming, and approximately 22.5% of the revenues were from other sources and (ii) with respect to the MGM Grand Mortgaged Property, approximately 27.2% of the revenues were from hotel rooms, approximately 29.4% of the revenues were from food and beverage sales, approximately 22.0% of the revenues were from gaming, and approximately 21.5% of the revenues were from other sources.
Loan No. 6 – 1633 Broadway – The Mortgaged Property includes 145,192 sq. ft. of theater space, constituting approximately 5.7% of the net rentable area at the Mortgaged Property, and approximately 80,000 sq. ft. of retail space, constituting approximately 3.1% of the net rentable area at the Mortgaged Property, of which approximately 40,000 sq. ft. is vacant. |
Loan No. 16 – Bellagio Hotel and Casino – As of the trailing 12 months ended March 31, 2020, approximately 71.9% of the total revenues from the Mortgaged Property comes from sources other than the hotel operation, including the following: (a) casino (29.9%), (b) food and beverage (24.6%), (c) entertainment (9.0%), (d) retail (4.4%) and (e) other operations (3.9%). | |
(5) | Loan No. 3 – Tropical Distribution Center – The Mortgage Loan has an anticipated repayment date of the payment date in July 2030 (the “ARD”) and a final maturity date of the payment date in June 2034 (“Final Maturity Date”). Prior to the ARD, the Mortgage Loan accrues interest at a fixed rate equal to 3.59300% per annum (the “Initial Interest Rate”) and requires monthly payments of interest only at the Initial Interest Rate. From and after the ARD, (i) the Mortgage Loan accrues interest at the greater of (x) 6.09300% and (y) the 10–year swap rate as of the ARD plus 250 basis points (not to exceed the maximum rate permitted by applicable law) (the “Adjusted Interest Rate”) and requires monthly payments of interest only at the Initial Interest Rate, and (ii) the excess of interest accruing at the Adjusted Interest Rate over interest accruing at the Initial Interest Rate will accrue, will be deferred to the Final Maturity Date and, to the extent permitted by applicable law, will earn interest at the Adjusted Interest Rate.
Loan No. 5 – MGM Grand & Mandalay Bay – The MGM Grand & Mandalay Bay Whole Loan is structured with an Anticipated Repayment Date (“ARD”) of March 5, 2030 and a final maturity date of March 5, 2032. After the ARD, the following structure would apply: (i) the interest rate will increase by 200 basis points over the greater of (x) 3.55800%, and (y)(1) the ARD Treasury Note Rate in effect on the ARD (such new rate, the “Adjusted Interest Rate”) plus (2) 1.77000%, (ii) amounts in the Excess Cash Flow Reserve (as defined in the related loan agreement) will be applied first to pay monthly additional interest amounts which, to the extent not paid, will be deferred (together with interest accrued thereon at the Adjusted Interest Rate) and added to the principal balance of the applicable note(s) comprising a portion of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents, and (iii) a full cash flow sweep to the extent of remaining amounts in the Excess Cash Flow Reserve will be applied to principal of the MGM Grand & Mandalay Bay Whole Loan in the manner set forth in the MGM Grand & Mandalay Bay Whole Loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—ARD Loan(s)” in this Preliminary Prospectus. |
(6) | The Administrative Cost Rate includes the respective per annum rates applicable to the calculation of the servicing fee, any sub–servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A–1, the definition of Administrative Fee Rate as it relates to any Non–Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub–servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non–Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non–Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Preliminary Prospectus. |
(7) | Loan No. 1 – Agellan Portfolio – On the Closing Date, JPMCB is contributing the initial interest deposit amount to the Issuing Entity to cover one month’s interest that would have accrued with respect to the whole loan at the related net mortgage rate, and each of the First Payment Date, Original Term to Maturity or ARD and Remaining Term to Maturity or ARD reflects the foregoing. The whole loan’s actual First Payment Date under the related whole loan documents is September 7, 2020, with a loan term of 60 months.
Loan No. 9 – 420 Taylor Street – On the Closing Date, the Mortgage Loan Seller is contributing the initial interest deposit amount to the Issuing Entity to cover one month’s interest that would have accrued with respect to the whole loan at the related net mortgage rate, and each of the First Payment Date, Original Term to Maturity or ARD and Remaining Term to Maturity or ARD reflects the foregoing. The whole loan’s actual First Payment Date under the related whole loan documents is September 6, 2020, with a loan term of 120 months. Beginning on the first payment date occurring on September 6, 2020, the 420 Taylor Street Whole Loan will initially have an amortization period of 60 months. Commencing on the 61st payment date occurring on September 6, 2025, of the 420 Taylor Street Whole Loan will have an interest only period of 60 months.
Loan No. 13 – Brass Professional Center – Under the terms of the related Mortgage Loan documents, the first payment date is September 6, 2020, the original interest only period and the Remaining Interest Only Period are both 12 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD are both 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an August |
2020 payment date, such Mortgage Loan is being treated as having a first payment date on August 6, 2020, an original interest only period and Remaining Interest Only Period of 13 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.
Loan No. 18 – CityLine Augusta Portfolio – Under the terms of the related Mortgage Loan documents, the first due date is September 6, 2020, the original interest only period and the Remaining Interest Only Period is 120 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD is 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an assumed August 2020 payment date, such Mortgage Loan is being treated as having a First Payment Date on August 6, 2020, an –original interest only period and – Remaining Interest Only Period of 121 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.
Loan No. 27 – CityLine Hattiesburg – Under the terms of the related Mortgage Loan documents, the first due date is September 6, 2020, the original interest–only period and the Remaining Interest Only Period is 36 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD is 120 months. However, due to the fact that the related mortgage loan seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an assumed August 2020 payment date, such Mortgage Loan is being treated as having a First Payment Date on August 6, 2020, an original interest only period and Remaining Interest Only Period of 37 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months.
Loan No. 28 – OrthoSouth – Under the terms of the related Mortgage Loan documents, the first due date is September 6, 2020, the original interest-only period and the Remaining Interest Only Period is 24 months, and the Original Term to Maturity or ARD and Remaining Term to Maturity or ARD is 120 months. However, due to the fact that the related Mortgage Loan Seller will contribute an initial interest deposit amount to the Issuing Entity on the Closing Date to cover an amount that represents one–month’s interest that would have accrued with respect to the Mortgage Loan at the related net mortgage rate with respect to an August 2020 payment date, such Mortgage Loan is being treated as having a First Payment Date on August 6, 2020, an –original interest only period and – Remaining Interest Only Period of 25 months, and an Original Term to Maturity or ARD and Remaining Term to Maturity or ARD of 121 months. | |
(8) | Annual Debt Service ($), Monthly Debt Service ($), Underwritten NOI DSCR and Underwritten NCF DSCR for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12–month period following the Cut–off Date (or, in the case of Monthly Debt Service ($), the average of such interest only payments) without regard to leap year adjustments.
Loan No. 4 – BX Industrial Portfolio – With respect to Loan No. 4, BX Industrial Portfolio, the related whole loan is split between (i) a 17-month revolving floating rate loan with five, one-year extension options (the “BX Industrial Portfolio Floating Rate Loan”) with an aggregate Cut-off Date principal balance of approximately $99.4 million, and (ii) an 77-month fixed rate componentized loan (the “BX Industrial Portfolio Fixed Rate Loan”) comprised of (A) a senior fixed rate loan (the “BX Industrial Portfolio Senior Fixed Rate Loan”), with an aggregate Cut-off Date principal balance of $322.4 million evidenced by eight A-Notes, and (B) a subordinate fixed rate loan (the “BX Industrial Portfolio Subordinate Fixed Rate Loan”), with an aggregate Cut-off Date principal balance of $227.6 million, evidenced by Note A-1-B, Note A-1-C-1 and Note A-1-C-2, and Note A-1-D, each of which is subordinate to all notes with a prior alphabetical designation. The BX Industrial Portfolio Senior Fixed Rate Loan is senior to the BX Industrial Portfolio Subordinate Fixed Rate Loan. The BX Industrial portfolio Fixed Rate Loan and BX Industrial Portfolio Floating Rate Loan are pari passu, provided that voluntary prepayments are applied first to the BX Industrial Portfolio Floating Rate loan. The interest rate on the BX Industrial Portfolio Floating Rate Loan is LIBOR (subject to a floor of 0.00000%) plus a spread of 1.45000%. For purposes of the debt service coverage ratio calculations herein, LIBOR is assumed to be 0.50000%. The BX Industrial Portfolio whole loan NCF DSCR, based on a LIBOR cap of 4.00000% for the BX Industrial Portfolio floating rate loan, is 1.80x. With respect to the BX Industrial Portfolio Mortgage Loan, the debt service coverage ratios, loan-to-value ratios and debt yields include approximately $58,283,000 of the Cut-off Date Balance of the BX Industrial Portfolio Floating Rate Loan.
Loan No. 9 – 420 Taylor Street – The Underwritten NOI DSCR and Underwritten NCF DSCR was calculated based on the amortizing payments commencing on September 6, 2020 and exclude the initial interest deposit amount.
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Loan No. 33 – 968–970 Gates Ave – The Mortgage Loan is structured with a $500,000 economic holdback as the Mortgaged Property continues to lease up. The economic holdback will be released upon the following conditions: (i) no event of default has occurred or is continuing, (ii) the NCF DSCR on the gross loan amount of $6,500,000 reaches or exceeds 1.70x, (iii) all units at the property are leased and (iv) each tenant at the Mortgaged Property has paid full and unabated rent for the month immediately preceding the borrower’s request for release of the holdback. As such, the Underwritten NOI Debt Yield, Underwritten NCF Debt Yield, Underwritten NOI DSCR, and Underwritten NCF DSCR are calculated with a reserve adjusted loan amount of $6,000,000. The unadjusted Underwritten NOI Debt Yield and unadjusted Underwritten NCF Debt Yield are 7.0% and 6.9%, respectively. The unadjusted Underwritten NOI DSCR and unadjusted Underwritten NCF DSCR are 1.63x and 1.61x, respectively. | |
(9) | “Hard” generally means each tenant is required to transfer its rent directly to the lender–controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over–the–counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox. “Soft Springing Hard” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox. |
(10) | “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents). |
(11) | With respect to the loans referenced below structured with A/B Notes, the Underwritten NOI DSCR, Underwritten NCF DSCR, Cut–off Date LTV Ratio, LTV Ratio at Maturity or ARD, Underwritten NOI Debt Yield, Underwritten NCF Debt Yield and Loan per Net Rentable Area (SF/Units/Rooms) ($) calculations exclude the subordinate secured debt.
● Loan No. 1 – Agellan Portfolio ● Loan No. 2 – Moffett Towers Buildings A, B & C ● Loan No. 4 – BX Industrial Portfolio ● Loan No. 5 – MGM Grand & Mandalay Bay ● Loan No. 6 – 1633 Broadway ● Loan No. 11 – Chase Center Tower I ● Loan No. 12 – Chase Center Tower II ● Loan No. 16 – Bellagio Hotel and Casino |
(12) | Loan No. 2 – Moffett Towers Buildings A, B & C – the increase from Most Recent NOI ($) to Underwritten NOI ($) is primarily attributable to new recent leasing to Google and Comcast and includes the straight line average of contractual rent step increments over the lease term for investment grade tenants.
Loan No. 21 – Battery Park Lofts – The increase from the Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged Property is primarily attributable to the Mortgaged Property being in lease–up during the trailing 12–month operating period after being delivered in 2018. The property was purchased by the Sponsor in November 2019 and has since increased in occupancy after replacing the seller’s management team with a professional leasing management company, SVR Property Management, LLC.
Loan No. 24 – Edge 32 Apartments – The increase from the Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged Property is primarily attributable to the trailing 12–month period including one–time expenses incurred for repairs and maintenance, professional fees and advertising costs during lease–up.
Loan No. 30 – 630 W Lake – The increase from Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged |
Property is primarily attributable to tenants Gracie Barra and Modern Medical Artistry LLC recently taking possession of their respective spaces in 2019 and commencing paying rent and their respective pro rata share of reimbursements.
Loan No. 31 – 2 Laurel Drive – The increase from Most Recent NOI ($) to Underwritten NOI ($) at the Mortgaged Property is primarily attributable to the Mortgaged Property being vacant during redevelopment prior to the tenant Epicure Foods Corporation commencing its lease in March 2019 as well as tenants’ contractual rent steps and increased reimbursements. | |
(13) | The grace periods noted under “Grace Period” reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A–1 to this Preliminary Prospectus. |
(14) | In certain cases, in addition to an “as–is” value, the appraisal states an “as complete”, “as–stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value set forth on Annex A–1 is the “as–is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the respective Cut–off Date LTV Ratio was calculated using the related “as complete”, “as–stabilized” or “hypothetical” Appraised Values, as opposed to the “as–is” Appraised Values, each as set forth in the following table: |
Mortgage Loan | % of Initial Pool Balance | Mortgage Loan Cut-off Date LTV Ratio (Other Than “As–Is”) | Mortgage Loan LTV Ratio at Maturity (Other Than “As–Is”) | Appraised Value (Other Than “As–Is”) | Mortgage Loan Cut-off Date LTV Ratio (“As–Is”) | Mortgage Loan LTV Ratio at Maturity (“As–Is”) | Appraised Value (“As–Is”) | ||||||||
Moffett Towers Building A, B & C(1) | 8.0% | 38.7% | 38.7% | $1,145,000,000 | 44.5% | 44.5% | $995,000,000 | ||||||||
MGM Grand & Mandalay Bay(2) | 7.0% | 35.5%(3) | 35.5%(3) | $4,600,000,000 | 22.2%(3) | 22.2%(3) | $7,352,600,000 | ||||||||
280 North Bernardo(4) | 4.3% | 59.2% | 59.2% | $120,000,000 | 71.9% | 71.9% | $98,700,000 | ||||||||
420 Taylor Street(5) | 4.1% | 61.3% | 55.4% | $143,500,000 | 72.4% | 65.4% | $121,500,000 | ||||||||
Chase Center Tower I and Chase Center Tower II(6)(7) | 3.6% | 31.3% | 31.3% | $863,500,000 | 34.2% | 34.2% | $789,100,000 | ||||||||
Bellagio Hotel and Casino(8) | 2.3% | 39.3% | 39.3% | $4,260,000,000 | 25.8% | 25.8% | $6,500,000,000 |
(1) The Appraised Value (Other Than “As Is”) reflects the “As Stabilized” portfolio value of $1,145,000,000 as of October 1, 2021. The “As Stabilized” value assumes that both Google and Comcast accept delivery at the Mortgaged Property and are paying unabated rent as of October 1, 2021. | |
(2) The Other Than As–Is Appraised Value of $4,600,000,000 as of January 10, 2020, set forth above is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Mortgaged Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased–Sale–Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As–Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay Bay Mortgaged Properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay Mortgaged Properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay Mortgaged Properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay Borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay Borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay Borrowers to the mortgage lender. | |
(3) The Mortgage Loan Cut-off Date LTV Ratio (“As–Is”) and the Mortgage Loan LTV Ratio at Maturity (“As–Is”) based on the Aggregate As-Is Appraised Value are 22.2% and 22.2%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan. The Mortgage Loan Cut-off Date LTV Ratio (Other Than “As–Is”) and the Mortgage Loan LTV Ratio (Other Than “As–Is”) at Maturity based on the Aggregate Real Property Appraised Value are 35.5% and 35.5%, respectively, based on the MGM Grand & Mandalay Bay Senior Loan. |
(4) The appraised value represents the “As Stabilized” appraised value, which assumes all free rent has burned off and rent commencement has begun. The tenant, Aurora Innovations, has begun the buildout of its space and approximately $10.9 million was reserved upfront in free rent and completion reserves. Based on the “As–is” appraised value as of October 29, 2019 equal to $98.7 million, the Cut–off Date LTV and Maturity LTV are 71.9%. In addition, the appraisal concluded to a “Hypothetical Go Dark” appraised value of $78.6 million as of October 29, 2019. Based on the “Hypothetical Go Dark” appraised value, the Cut–off Date LTV and Maturity LTV are 90.3%. | |
(5) The Appraised Value (Other Than “As–Is”) reflects the “Prospective Value Upon Completion (TILC Funded) / Stabilization” value, which assumes all remaining construction and tenant improvements as of May 1, 2021 have been paid for or funded. At origination, the borrowers reserved approximately $8,447,054 for all outstanding tenant improvements. The “As–Is” appraised value as of May 1, 2020 is $121.5 million, which results in a whole loan Cut–off LTV of approximately 72.4%. | |
(6) The Appraised Value (Other Than “As–Is”) represents the “Hypothetical As–If Funded” value, which assumes all remaining construction and tenant improvements as of December 19, 2019 have been paid for or funded. At origination, the borrowers reserved $62,678,348 for all outstanding tenant improvements and outstanding repairs. Such construction and tenant improvements have since been funded. | |
(7) With respect to Chase Center Tower I and Chase Center Tower II mortgage loans, the mortgage loans are cross collateralized and cross defaulted. As such the calculation are based on the aggregate Current Balance ($), Maturity/ARD Balance, UW NOI, UW NCF and Debt Services of these loans. | |
(8)The Appraised Value (Other Than “As–Is”) reflects the “As Leased” value solely with respect to the real property portion of the Mortgaged Property of $4,260,000,000, excluding certain intangible value attributable to the Mortgaged Property. | |
Loan No. 1 – Agellan Portfolio – The Appraised Value is based on an aggregate “as–is” value of the Mortgaged Properties and is inclusive of excess land value that is defined in each individual Mortgaged Property appraisal and serves as collateral for the whole loan. The excess vacant land parcels are associated with the Sarasota Distribution Hub and Supervalu properties, and may be released pursuant to satisfying conditions set forth in the whole loan documents. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus.
Loan No. 6 – 1633 Broadway – The appraisal includes the extraordinary assumption that the owner has provided a $55,980,670 capital expenditure budget that is projected to occur over the initial 10 years of the investment holding period, which was utilized to estimate the value set forth in the appraisal. Such capital expenditures are not required and have not been reserved for under the Mortgage Loan documents, and we cannot assure you that they will be made. | |
(15) | Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.
“L(x)” means lock–out for x payments.
“D(x)” means may be defeased for x payments.
“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.
“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid. “DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.
“O(x)” means freely prepayable for x payments, including the maturity date.
“YM0.5(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 0.5% of the amount prepaid.
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“DorYM0.5(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 0.5% of the amount prepaid.
Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio Mortgage Loan) under various circumstances, as described in this Preliminary Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Voluntary Prepayments” in this Preliminary Prospectus. | |
(16) | Loan No. 1 – Agellan Portfolio – The lockout period will be at least 24 payments beginning with and including the first payment date of August 7, 2020. The borrowers have the option to defease the full $403.0 million Agellan Portfolio Whole Loan after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) the third anniversary of the first payment date. The assumed lockout period of 24 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 2 – Moffett Towers Buildings A, B & C – The defeasance lockout period will be at least 29 payment dates beginning with and including the first payment date of March 6, 2020. Defeasance of the Moffett Towers Buildings A, B & C Whole Loan in full is permitted after the date that is the earlier of (i) February 6, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. On and after March 6, 2022, the Moffett Towers Buildings A, B & C Whole Loan may be voluntarily prepaid with a prepayment fee equal to the greater of the yield maintenance amount or 1% of the unpaid principal balance as of the prepayment date. The assumed defeasance lockout period of 29 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 5 – MGM Grand & Mandalay Bay – The defeasance lockout period will be at least 28 payment dates beginning with and including the first payment date of April 5, 2020. The MGM Grand & Mandalay Bay borrowers have the option to defease the MGM Grand & Mandalay Bay Whole Loan, in whole or in part, after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 14, 2023. The MGM Grand & Mandalay Bay Whole Loan may be prepaid in whole or in part at any time, subject to payment of the applicable yield maintenance premium if such prepayment occurs prior to September 5, 2029 (provided no yield maintenance will be due in connection with mandatory prepayments arising out of any casualty, condemnation or in connection with a Special Release or a Default Release (as defined in the Preliminary Prospectus). The assumed lockout period of 28 payment dates is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 6 – 1633 Broadway – The lockout period will be at least 31 payment dates beginning with and including the first payment date of January 6, 2020. Defeasance of the whole loan in full is permitted after the date that is the earlier to occur of (i) November 25, 2022 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 31 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 7 – 711 Fifth Avenue – The lockout period will be at least 28 payment dates beginning with and including the first payment date of April 6, 2020. Defeasance of the 711 Fifth Avenue Whole Loan in full is permitted after the date that is the earlier to occur of (i) March 6, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 28 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 8 – 280 North Bernardo – The defeasance lockout period will be at least 24 payments beginning with and including the first payment date of August 6, 2020. The borrower has the option to defease the 280 North Bernardo Whole Loan in whole (and not in part) after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) June 29, 2023. The assumed defeasance lockout period of 24 months is based on the expected closing date of the Benchmark 2020–B18 securitization in July 2020. The actual lockout period may be longer.
Loan No. 9 – 420 Taylor Street – The lockout period will be 24 payments beginning with and including the first payment date of August 6, 2020. The borrowers may defease the whole loan in full after the earlier to occur of (i) |
two years after the closing date of the securitization that includes the last note to be securitized and (ii) August 6, 2023. The assumed lockout period of 24 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 10 – 3000 Post Oak – The lockout period will be at least 28 payments beginning with and including the first payment date of April 1, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) February 6, 2024. The assumed lockout period of 28 months is based on the expected closing date of the Benchmark 2020–B18 securitization in July 2020. The actual lockout period may be longer.
Loan Nos. 11 and 12 – Chase Center Tower I & Chase Center Tower II – The lockout period will be 27 payments beginning with and including the first payment date of May 10, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) May 10, 2023. The assumed defeasance lockout period of 27 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual defeasance lockout period may be longer.
Loan No. 13 – Brass Professional Center – The lockout period will be at least 24 payment dates beginning with and including the adjusted first payment date of August 6, 2020 (the actual first payment date is September 6, 2020; see footnote #9 above). Defeasance of the Brass Professional Center Whole Loan in full is permitted after the date that is the earlier to occur of (i) July 10, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 16 – Bellagio Hotel and Casino – The lockout period will be 31 payments beginning with and including the first payment date of January 5, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) November 15, 2022. The assumed lockout period of 31 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer.
Loan No. 17 – Southcenter Mall – The Southcenter Mall Loan lockout period is required to be at least 30 payments beginning with and including the first payment date of February 1, 2020. Defeasance of the full $218.0 million whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) January 1, 2023. The assumed lockout period of 30 months is based on the expected closing date of the Benchmark 2020–B18 securitization in July 2020. The actual lockout period may be longer.
Loan No. 22 – Kings Plaza – The lockout period will be at least 30 payment dates beginning with and including the first payment date of February 1, 2020. The borrower may defease the whole loan in full after the earlier to occur of (i) February 1, 2023 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 30 payments is based on the expected Benchmark 2020–B18 securitization closing date in July 2020. The actual lockout period may be longer. | |
(17) | Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool —Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.
● Loan No. 1 – Agellan Portfolio ● Loan No. 2 – Moffett Towers Buildings A, B & C ● Loan No. 4 – BX Industrial Portfolio ● Loan No. 5 – MGM Grand & Mandalay Bay ● Loan No. 11– Chase Center Tower I ● Loan No. 12 – Chase Center Tower II ● Loan No. 17 – Southcenter Mall ● Loan No. 18 – CityLine Augusta Portfolio ● Loan No. 22 – Kings Plaza |
(18) | The following Mortgaged Properties consists, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:
● Loan No. 16 – Bellagio Hotel and Casino ● Loan No. 22 – Kings Plaza
Loan No. 4 – BX Industrial Portfolio – the mortgaged properties in DFW Logistics Center (Bldg 4), DFW Logistics Center (Bldg 3), and DFW Logistics Center (Bldg 5) consist, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests. In addition, the BX Industrial Portfolio – 2270 Woodale Mortgaged Property is subject to a condominium structure; however, the condominium is not fractured.
Loan No. 17 – Southcenter Mall – The Southcenter Mall Property is owned in fee by the borrower, except for a parking parcel containing approximately 1,350 parking spaces, in which the borrower has a sub–ground leasehold interest through June 2045. The ground rent under the lease is currently approximately $8,175 per month and resets every 10 year period subject to the methodology in the ground lease documents. |
(19) | Loan No. 5 – MGM Grand & Mandalay Bay – Under the Master Lease, the MGM tenant is required to pay to the MGM Grand & Mandalay Bay borrowers an initial lease rent of $292.0 million per annum ($159.0 million allocated to the MGM Grand Property and $133.0 million allocated to the Mandalay Bay Property, the “Master Lease Rent”), subject to annual increases of (i) 2.0% in years 2 through 15 of the initial lease term, and (ii) thereafter, the greater of 2.0% or CPI (CPI capped at 3.0%) for the remainder of the initial lease term. Additionally, the MGM tenant will be required to continue to invest in the MGM Grand & Mandalay Bay Properties, with (x) a minimum aggregate capital investment requirement of 3.5% of actual net revenues every five years (the first such period beginning January 1, 2020 and expiring December 31, 2024, and the second such period beginning January 1, 2021 and expiring December 31, 2025, and each five–year period thereafter on a rolling basis) in the aggregate for the MGM Grand & Mandalay Bay Properties (such amount not to be less than 2.5% of the actual net revenue of any individual Mortgaged Property) (collectively, the “Required CapEx”) and (y) a monthly reserve equal to 1.5% of actual net revenues which may be used for FF&E and on qualifying capital expenditures in satisfaction of the Required CapEx spend. The Mortgaged Properties were acquired in a sale-leaseback transaction.
Loan No. 16 – Bellagio Hotel and Casino – The Mortgaged Property was acquired by the borrower in a sale–leaseback transaction from Bellagio, LLC, an indirectly wholly owned subsidiary of MGM Resorts International. Bellagio, LLC and the borrower entered into a new 30–year lease, with two 10–year extension options, for Bellagio, LLC to operate the Mortgaged Property. |
(20) | Loan Nos. 11 and 12 – Chase Center Tower I and Chase Center Tower II – Uber Technologies, Inc. occupies 100% NRA and is an indirect equity owner of the borrower. |
(21) | The lease expiration dates shown are based on full lease terms. However, in certain cases, a tenant may have the option to terminate its lease or abate rent prior to the stated lease expiration date for no reason after a specified period of time and/or upon notice to the landlord or upon the occurrence of certain contingencies including, without limitation, if the landlord violates the lease or fails to provide utilities or certain essential services for a specified period or allows certain restricted uses, upon interference with such tenant’s use of access or parking, upon casualty or condemnation, for zoning violations, if certain anchor or key tenants (including at an adjacent property) or a certain number of tenants go dark or cease operations, if a certain percentage of the net rentable area at the Mortgaged Property is not occupied, if the tenant fails to meet sales targets or business objectives, or, in the case of a government tenant, for lack of appropriations or other reasons. In addition, in some instances, a tenant may have the right to assign its lease and be released from its obligations under the subject lease. Furthermore, some tenants may have the option to downsize their rented space without terminating the lease completely.
Loan No. 4 – BX Industrial Portfolio – The Largest Tenant at the individual Mortgaged Property located at 500 HP Way, Nestor Imports, Inc. (“Nestor”), has the one–time option to terminate its lease (the "Termination Option"), effective as of the Early Termination Date (as hereinafter defined), provided that, among other things, no event of default is ongoing and prior written notice is given of Nestor’s exercise of the Termination Option (the "Early Termination Notice"), which termination shall be effective on the last day of the calendar month that is 180 days after the date upon which landlord receives such Early Termination Notice (the “Early Termination Date”). The sole tenant at the individual Mortgaged Property located at 7940 Kentucky Avenue, The United States of America, may terminate its lease, in whole or in parts, at any time effective after the October 31, 2024, by providing not less than 120 days' prior written notice to the related landlord. |
Loan No. 6 – 1633 Broadway – The 4th Largest Tenant, Morgan Stanley & Co, representing approximately 10.2% of net rentable area, has the option to terminate its lease as to all or any portion (but not less than one full floor) of its space at any time after April 1, 2027, upon 18 months’ notice and payment of a termination fee. The 5th Largest Tenant, Kasowitz Benson Torres, representing approximately 7.9% of the net rentable area, has the right to terminate all or any portion of one full floor of the premises located on the uppermost or lowermost floors (provided that the terminated space must be in a commercially reasonable configuration) effective as of March 31, 2024, by providing notice by March 31, 2023 and payment of a termination fee.
Loan No. 13 – Brass Professional Center – The Largest Tenant, QTC Management, representing approximately 8.0% of net rentable area, has the right to terminate its lease with respect to (i) Suite 350 (12,297 sq. ft.) effective annually beginning on April 30, 2024, with 120 days’ prior notice and payment of a termination fee and (ii) Suite 100 (5,256 sq. ft.) at any time effective as of May 1, 2023 with 365 days’ prior notice and payment of a termination fee. The 4th Largest Tenant, TNC (US) Holdings, Inc., representing approximately 5.2% of net rentable area, has the right to terminate its lease effective as of October 31, 2025 with 180 days’ prior notice and payment of a termination fee.
Loan No. 14 – Flushing Commons – The 2nd Largest Tenant, Empire Healthchoice HMO Inc., representing approximately 16.6% of the net rentable area, has the one–time option to terminate its lease on January 31, 2023 so long as the tenant gives six months’ notice and payment of a termination fee.
Loan No. 17 – Southcenter Mall – the Largest Tenant, American Multi–Cinema (“AMC”), representing approximately 8.9% of net rentable area, has the option to terminate its lease: (a) If any Law shall prohibit the use of AMC's Facility for its primary use during lease term as permitted, AMC may notify landlord and if landlord shall not, within 60 days, cause the prohibition to be lifted, then AMC may, at its option, terminate this lease by giving landlord notice thereof. If a prohibition should occur or be imposed, then for the period beginning on the occurrence or imposition and ending on the date the same shall have been lifted or this lease terminated, annual fixed rent, annual percentage rent and index rent shall be fully abated and landlord shall refund any such unearned rent paid by AMC; (b) If a court of competent jurisdiction makes a final decision that such closure shall be deemed a constructive eviction, AMC shall have a one–time right to terminate this Lease on written notice to landlord within 30–days following such decision; (c) If AMC's operations are materially adversely affected as a direct result of any breach by landlord of its representations or obligations, the rent shall abate, and in lieu thereof, AMC shall pay percentage rent only during the continuance thereof, and if such condition prohibits AMC from operating in AMC's facility for a period longer than three months, AMC may, in addition to its other remedies, terminate this Lease by giving notice to landlord of its election to do so. The Third Largest Tenant, Round One (“RO”), representing approximately 5.2% of net rentable area, has the option to terminate its lease: (a) If RO is unable to obtain a building permit within 90 days following the outside submission date, then RO shall have the option to terminate the lease by written notice delivered to landlord within 180 days following that date, so long as RO is not then in default of the lease upon applicable notice and cure periods; (b) If use permits are not issued within 90 days, then RO shall have the option to terminate the lease within 30 days, so long as RO is not then in default of this Lease upon applicable notice and cure periods; (c) If RO provides landlord with its notice of termination under the preceding paragraph (b) then landlord, at its sole option and discretion, on notice to RO given within 10 days after receipt of RO's notice of termination, shall have the right to seek to obtain the building permit on RO's behalf and at RO's expense for a period of up to 120 days after the date of RO's notice of termination, and RO shall reasonably cooperate with landlord's efforts upon request. The termination date set forth in RO's notice of termination hereunder shall be postponed during the time of landlord’s efforts, such postponement does not exceed 120 days and if landlord is unsuccessful in obtaining the building permit within said period with conditions (if any) reasonably acceptable to RO, then the lease shall terminate upon the expiration of said period; provided that if landlord is able to obtain the building permit without conditions that are unacceptable to RO, then the notice of termination given by RO shall be null and void and of no force or effect thereafter.
Loan No. 22 – Kings Plaza – The 2nd Largest Tenant, Primark, has the right to terminate its lease on July 7, 2028 with 12 months’ notice provided that, as of the termination date, (i) the tenant is Primark US Corp., or a Primark successor, and (ii) the tenant is not in default of its lease beyond any applicable notice and cure period; however, such termination option will be automatically terminated and of no force or effect if either (a) another Primark store opens for business within a certain radius of the Mortgaged Property, or (b) the tenant or any of its affiliates own, operate, otherwise become financially interested in any other Primark store or any other store branded under the Primark name within the radius. |
Loan No. 30 – 630 W Lake – The 5th Largest Tenant, Old Town Barbershop, representing approximately 14.1% of net rentable area, has the one–time option to terminate its lease on December 31, 2024 so long as the tenant gives nine months’ notice, there has been no event of default by the tenant under the lease, and payment of a termination fee. | |
(22) | The following major tenants (listed on Annex A–1) are currently subleasing all or a significant portion of its leased space:
Loan No. 4 – BX Industrial Portfolio – The sole tenant at the 1910 International Mortgaged Property and the Culpeper Mortgaged Property, and the Largest Tenant at the 7453 Empire Bldg B Mortgaged Property, each has subleased their space.
Loan No. 6 – 1633 Broadway – The Largest Tenant, Allianz Asset Management of America L.P., subleases 20,600 sq. ft. of suite 4600 (totaling 54,118 sq. ft.) to Triumph Hospitality at a base rent of $46.80 PSF through December 30, 2030. Triumph Hospitality further subleases 3,000 sq. ft. of suite 4600 to Stein Adler Dabah & Zelkowitz at a base rent of $41.33 PSF through July 31, 2022. Underwritten base rent is based on the contractual rent under the prime lease. The 2nd Largest Tenant, WMG Acquisition Corp, subleases 3,815 sq. ft. of suite 0400 (totaling 36,854 sq. ft.) to Cooper Investment Partners LLC at a base rent of $58.37 PSF on a month–to–month basis. Underwritten base rent is based on the contractual rent under the prime lease. The 5th Largest Tenant, Kasowitz Benson Torres, subleases a collective 32,487 sq. ft. of Suite 2200 (totaling 50,718 sq. ft.) to three tenants. Delcath Systems, Inc. subleases 6,877 sq. ft. and pays a rent of $68.50 PSF through February 28, 2021; Avalonbay Communities subleases 12,145 sq. ft. through October 31, 2026 and pays a current rent of $74.00 PSF; Cresa New York subleases 13,195 sq. ft. and pays a rent of $65.00 PSF through April 30, 2021. Underwritten base rent is based on the contractual rent under the prime lease.
Loan No. 10 – 3000 Post Oak – The Largest Tenant, Bechtel Oil, Gas and Chemicals, Inc., subleases 1,447 square feet to Chevron Federal Credit Union. In certain instances, the tenant has entered into one or more subleases for a de minimis portion of its total leased space or leased a portion of its space to an affiliate. In each such case, the applicable tenant, as presented herein, remains fully responsible in all material respects for the contractual lease terms. |
(23) | Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations¬—Other” in this Preliminary Prospectus.
The tenants shown in Annex A–1 have signed leases but may or may not be open for business as of the Cut–off Date.
Loan No. 2 – Moffett Towers Buildings A, B & C – Google, representing 85.7% of net rentable area, has executed a lease for Building B but has not yet accepted delivery or begun paying rent. Google is expected to take possession of Building B in January 2021. Additionally, due to the ongoing COVID–19 pandemic, it may delay the delivery of the remaining space that Google is expected to take in Building B which would impact and/ or delay the rent commencement date for such space. We cannot assure you if or when the space will be delivered or when Google will begin paying rent on their delivered space. Google took possession of the initial phase of their space in Building C (96,282 sq. ft. of the total 181,196) on March 1, 2020 and took possession of the remaining space in Building C (84,914 sq. ft. of the total 181,196) on July 1, 2020.
Loan No. 2 – Moffett Towers Buildings A, B & C – Comcast, representing 11.7% of the net rentable area, has executed a lease extension and relocation for 111,707 sq. ft. The relocation space consists of 40,296 sq. ft. and Comcast is expected to take possession of the relocation space in November 2020 and begin paying rent on both the existing space and relocation space in March 2021. We cannot assure you that the tenant will occupy its space or commence the payment of rent as expected or at all.
Loan No. 6 – 1633 Broadway – New Mountain Capital, LLC, representing 4.2% of the net rentable area, has executed a lease but has not yet taken occupancy or begun paying rent.
Loan No. 7 – 711 Fifth Avenue – Ralph Lauren, representing approximately 11.4% of the net rentable area, is dark with respect to 38,638 sq. ft. of its space. The tenant continues to operate the 7,436 sq. ft. Polo Bar at the mortgaged property which is temporarily closed. |
Loan No. 8 – 280 North Bernardo – Aurora Innovations, representing 100.0% of the net rentable area has executed a lease and has taken possession of their space but has not yet completed the buildout of its space and therefore has not begun occupying. As a result of the COVID–19 pandemic, the tenant was offered and accepted a 3–month forebearance period from the landlord until August 18, 2020.
Loan Nos. 11 and 12 – Chase Center Tower I & Chase Center Tower II – The Largest Tenant, Uber Technologies, Inc., representing 100.0% of the net rentable area of the Mortgaged Properties, executed two leases for the premises in March 2018. Uber has begun paying rent in September and October 2019, but is not yet in occupancy. Uber was expected to begin taking occupancy in June 2020 upon completion of the buildout of Uber’s space, which has been temporarily delayed due to the impact of the COVID–19 pandemic.
Loan No. 22 – Kings Plaza – Though currently in occupancy and paying rent, Forever 21 has been underwritten as vacant. Forever 21 has been in occupancy at the Mortgaged Property since 2010 pursuant to a lease expired in January 2020. Forever 21 filed for Chapter 11 bankruptcy in September 2019. The Forever 21 tenant and the borrower are currently negotiating a 3–year renewal with the tenant, which is pending court approval. | |
(24) | The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants–in–common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies–in–Common or Diversified Ownership” in this Preliminary Prospectus for further information.
● Loan No. 6 – 1633 Broadway ● Loan No. 9 – 420 Taylor Street ● Loan No. 14 – Flushing Commons |
(25) | All upfront reserve balances reflect the upfront reserve amount at loan origination. The current balance may be less than the amount shown.
Loan No. 6 – 1633 Broadway – On the loan origination date, the borrowers provided a guaranty from Paramount Group Operating Partnership LP of up to $4,000,000 and funded a reserve of approximately $36,389,727 with respect to unfunded tenant improvements, tenant allowance and leasing commissions and free rent obligations consisting of (a) $24,105,228 for certain outstanding tenant improvements, (b) $804,393 for certain outstanding leasing commissions and (c) $15,480,107 for certain outstanding free rent. Subsequently, the borrowers substituted a letter of credit for the cash on reserve in such reserve account. The borrower has requested a reduction of the amount outstanding with regards to the letter of credit. The requested reduction amount is $15,248,699, which would reduce the letter of credit to $17,427,359.
Loan No. 7 – 711 Fifth Avenue – The borrower funded $2,000,000 at origination for estimated costs in connection with obtaining a new temporary or permanent certificate of occupancy to replace the temporary certificate of occupancy that expired in November 2019. The borrower obtained a temporary certificate of occupancy that was effective as of March 24, 2020, and the $2,000,000 has been disbursed to the borrower. |
(26) | All ongoing reserve balances reflect the ongoing reserve amount at loan origination. The current balance may be greater than or less than the amount shown. Monthly reserves required to be deposited in such accounts may be capped pursuant to the related Mortgage Loan documents.
Loan No. 9 – 420 Taylor Street – The borrowers were required at loan origination to deposit $1,222,625.16 (the “Minimum Balance”) into the Upfront Other Reserves ($) (amount so deposited referred to as “Debt Service Reserve Funds”), which the lender (a) so long as the Minimum Balance is in the form of cash and provided the Letter of Credit Proceeds Reserve Funds (as defined below) are insufficient to pay the monthly debt service payment, is required to disburse if the borrower makes a disbursement request in accordance with the whole loan documents or (b) may disburse in its sole discretion to satisfy the payment of the monthly debt service payment if the lender determines that rents generated from the Mortgaged Property may not be sufficient to make the monthly debt service payment. On each payment date following any application of the Debt Service Reserve Funds pursuant to the foregoing sentence, the borrowers are required to deposit into the Monthly Other Reserves ($) all sums remaining in the cash management account after payment of debt service, required reserves, operating expenses, and approved extraordinary expenses until the balance therein equals the Minimum Balance or, on or after September 6, 2025, the amount equal to then–current monthly debt service payment amount multiplied by three. The “Letter of Credit Proceeds Reserve Funds” means the portion of the security deposit delivered by the sole tenant at the Mortgaged Property, including the proceeds resulting from the drawing upon a letter of credit, that the borrowers are permitted to hold and apply, including if the borrowers draw upon a letter of |
credit to cure a non–payment of such sole tenant, which such proceeds are required to be deposited with the lender.
Loan No. 9 – 420 Taylor Street – During the term of the 420 Taylor Street Whole Loan, at any time that the borrowers draw on the letter of credit given by the sole tenant at the Mortgaged Property, NextDoor, to the borrowers as security for the NextDoor lease, the borrowers are required to cause such proceeds to be deposited into a letter of credit proceeds reserve account (such proceeds, the “Letter of Credit Proceeds Reserve Funds”).
Loan No. 20 – Jasmine Cove – The borrower was required at loan origination to deposit $303,406 (the “Debt Service Reserve Funds”) into the Upfront Other Reserves ($), which the lender (a) is required to disburse if the borrower makes a disbursement request in accordance with the Mortgage Loan documents or (b) may disburse in its sole discretion to satisfy the payment of the monthly debt service payment if the lender determines that rents generated from the Mortgaged Property may not be sufficient to make the monthly debt service payment. On each payment date following any application of the Debt Service Reserve Funds pursuant to the foregoing sentence, the borrower is required to deposit into the Monthly Other Reserves ($) an amount equal to the gross income from the operation of the Mortgaged Property minus the operating expenses and the monthly debt service amount payment and other required deposits until the aggregate amount on reserve equals $303,406 (the “Minimum Balance”). Upon the borrower’s satisfaction of the Debt Service Reserve Reduction Criteria (as defined below), the Minimum Balance is required to be reduced to $151,703, and any amounts then on deposit in excess of such reduced minimum balance is required to be deposited into the lockbox account. In addition, upon the borrower’s satisfaction of the Debt Service Reserve Release Criteria (as defined below), all amounts then on deposit in excess of such reduced minimum balance is required to be deposited into the lockbox account. The “Debt Service Reserve Reduction Criteria” means (i) no event of default has occurred and is continuing, (ii) no fewer than 12 months have passed since any Debt Service Reserve Funds were last disbursed, and (iii) the maintenance of a debt service coverage ratio of 1.00x or greater for 12 consecutive months based upon the trailing one–month periods immediately preceding the date of determination. The “Debt Service Reserve Release Criteria” means (i) no event of default has occurred and is continuing, (ii) no fewer than 24 months have passed since any Debt Service Reserve Funds were last disbursed, and (iii) the maintenance of a debt service coverage ratio of 1.00x or greater for 24 consecutive months based upon the trailing one–month periods immediately preceding the date of determination.
Loan No. 21 – Battery Park Lofts – A debt service reserve (equal to $207,000, or approximately three months of debt service) was reserved by the borrower at closing. An additional $34,500 will be collected monthly for the first six months of the loan term. Altogether, the sum of initial and monthly reserves will total approximately six months of principal and interest payments.
Loan No. 24 – Edge 32 Apartments – A debt service reserve (equal to $145,831, or approximately three months of debt service) was reserved by the borrower at closing. An additional $24,305 will be collected monthly for the first six months of the loan term. Altogether, the sum of initial and monthly reserves will total approximately six months of principal and interest payments.
Loan No. 30 – 630 W Lake – The monthly replacement reserve will not be required on any monthly payment date to the extent that such deposit would cause the amount of the replacement reserve to exceed the aggregate sum of 36 months of monthly replacement reserve deposits.
Loan No. 37 – Castle Rock Self Storage – Borrower shall be required to make the replacement reserve monthly deposits only to the extent that the amount of funds on deposit in the replacement reserve account is less than the product of 36 and $669.25. | |
(27) | Loan No. 8 – 280 North Bernardo – On a monthly basis beginning with the payment date in August 2021, the borrower will be required to deposit approximately $1,389 into a replacement reserve account, capped at approximately $50,019, for capital expenditures, so long as no trigger period is in effect(and the borrower has not drawn down funds from the reserve to pay debt service). In the event funds in the Debt Service Reserve are not fully drawn down upon, the borrower is obligated to replenish such reserve up to an amount equal to approximately six months of debt service (or $1,402,250). In the event funds in the Debt Service Reserve are fully drawn down upon, the borrower is obligated to replenish such reserve up to an amount equal to approximately twelve months of debt service (or $2,804,500). In the event that the funds in the Landlords Work Reserve are determined to be less than the sum of (a) the cost to complete the landlord’s work and (b) the amount the lender reasonably believes will become payable by the property manager under the manager reimbursement agreement, the borrower will be required to deposit funds to cure the deficiency. |
(28) | Loan No. 13 – Brass Professional Center – The borrower is required to deposit into the Tax reserve (i) approximately $218,019 only on the payment dates occurring in September 2020 and October 2020 and (ii) approximately $109,010 thereafter. The borrower is required to deposit into the TI/LC reserve (i) $143,309 on each payment date occurring from September 2020 to and including the payment date in August 2021 and (ii) approximately $59,977 on each payment date thereafter.
Loan No. 31 – 2 Laurel Drive – The monthly leasing reserve is a TI/LC reserve in an amount equal to (i) $1,531.25 for the first payment date through the payment date in August 2024 and (ii) $3,368.75 for the payment date occurring in September 2024 and thereafter. |
(29) | Loan No. 19 – 364 Lincoln – In the event a cash sweep event occurs as a result of the debt service coverage ratio based on the trailing three–month period immediately preceding the date of determination is less than 1.30x (a “DSCR Trigger Event”),, the borrower may cure such cash sweep event by making a deposit into the Monthly Other Reserves ($) in the form of cash and/or a letter of credit in an amount no less than an amount which, if applied to the then outstanding principal balance of the Mortgage Loan, would result in the achievement of a debt service coverage ratio for two consecutive quarters based upon the trailing three–month period immediately preceding the date of determination of 1.35x (such deposit, a “DSCR Cure Deposit”). Each DSCR Cure Deposit will be effective for a period of 12 months and the borrower may prevent a subsequent DSCR Trigger Event after the initial 12–month period by depositing with the lender an additional DSCR Cure Deposit.
Loan No. 25 – Cambridge Club Apartments – At origination of the Mortgage Loan, the borrower deposited a letter of credit in the amount of $300,000 for the debt service reserve. Beginning with the monthly payment date occurring on July 6, 2021 and on each monthly payment date thereafter, so long as all debt service reserve reduction conditions are satisfied on each such monthly payment date, the amount of the debt service letter of credit required to be on deposit with the lender will be reduced by $50,000 on each such monthly payment date until such amount is reduced to $0. |
(30) | With respect to the Mortgage Loans identified below, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Mortgage Pool Characteristics—Environmental Considerations” in this Preliminary Prospectus. |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Maximum Policy Amount | Premium Paid in Full | Expiration Date | |
1.26 | Agellan Portfolio – Rothway | $982,630 | 0.1% | $3,000,000 | Yes | 7/15/2028 | |
3 | Tropical Distribution Center | $75,000,000 | 8.0% | $5,000,000 | No | 5/11/2030 | |
4 | BX Industrial Portfolio(1) | $70,000,000 | 7.5% | $25,000,000 | Yes | 9/26/2024 | |
4 | BX Industrial Portfolio(1) | $70,000,000 | 7.5% | $10,000,000 | Yes | 9/26/2024 | |
5 | MGM Grand & Mandalay Bay | $65,000,000 | 7.0% | $25,000,000 | Yes | 2/14/2025 | |
6 | 1633 Broadway | $62,850,000 | 6.7% | $25,000,000 | Yes | 10/2/2020 | |
7 | 711 Fifth Avenue | $45,000,000 | 4.8% | $5,000,000 | Yes | 3/6/2033 | |
11 | Chase Center Tower I | $18,213,750 | 1.9% | $20,000,000 | Yes | 3/12/2033 | |
12 | Chase Center Tower II | $15,536,250 | 1.7% | $20,000,000 | Yes | 3/12/2033 | |
16 | Bellagio Hotel and Casino | $21,250,000 | 2.3% | $25,000,000 | Yes | 11/15/2024 |
(1) The BX Industrial Portfolio Mortgage Loan has two environmental policies, a Pollution Legal Liability Policy from Allied World Assurance Company (U.S.) Inc. with an aggregate limit of $10,000,000 and a pollution Liability Policy from Steadfast Insurance Company with aggregate limits of $25,000,000. | |
(31) | Loan No. 1 – Agellan Portfolio – The aggregate liability of the Guarantor with respect to the matters that constitute full recourse carveouts (each, a “Full Recourse Event”) under the Agellan Portfolio Whole Loan documents may not exceed an amount equal to (x) 20% of the outstanding principal balance of the Agellan Portfolio Whole Loan as of the first occurrence of a Full Recourse Event plus (y) any and all reasonable third–party costs incurred by the lender (including reasonable and out–of–pocket attorney’s fees and costs) in connection with the enforcement of the Full Recourse Event thereunder and the collection of amounts due thereunder.
Loan No. 5 – MGM Grand & Mandalay Bay – The Guarantor’s liability for full recourse events is capped at an amount equal to 10% of the aggregate outstanding principal balance of the MGM Grand & Mandalay Bay Whole Loan as of the date of the event. In addition, only the MGM Grand & Mandalay Bay Borrowers are liable for breaches of environmental covenants; provided, however, that if the MGM Grand & Mandalay Bay Borrowers fail to maintain an environmental insurance policy required under the MGM Grand & Mandalay Bay Whole Loan documents, the Guarantor is liable for losses other than (x) for any amounts in excess of the applicable coverage |
amounts under the environmental policy had the same been renewed, replaced or extended as required under the loan agreement and (y) for any amounts recovered under the environmental policy. In addition, recourse for transfers of the MGM Grand & Mandalay Bay Properties or controlling equity interests in the MGM Grand & Mandalay Bay Borrowers is loss recourse, rather than full recourse.
Loan No. 10 – 3000 Post Oak – Under the limited liability company agreement (the “LOPO 2 LLC Agreement”) of LOPO 2 LLC, which indirectly owns 100% of the borrower (“LOPO 2”), between Norman Bobrow and FG US Holdings 2, LLC, as consideration for executing and delivering the guaranty for the 3000 Post Oak Whole Loan (the “Guaranty”), Norman Bobrow is required to be paid by LOPO 2, as an operating expense of LOPO 2, a fee of $350,000 per annum, payable in monthly installments equal to $29,166.67, for so long as, among other conditions: (i) Norman Bobrow remains a member of LOPO 2, and/or (ii) unless Norman Bobrow has been removed as a member of LOPO 2 for cause under the LOPO 2 LLC Agreement, the Guaranty remains in effect.
Loan Nos. 11, and 12, Chase Center Tower I, and Chase Center Tower II – In each case, the related mortgage loan does not have a separate Principal / Carveout Guarantor, and each of the related borrowers is the only indemnitor under the related environmental indemnity agreement. See “Description of the Mortgage Pool—Non–Recourse Carveout Limitations” for additional information.
Loan No. 16 – Bellagio Hotel and Casino – The aggregate liability of the related Carve–out Guarantor with respect to the full recourse carveouts is capped at 10% of the principal balance of the Mortgage Loan outstanding at the time of the occurrence of such event, plus any and all reasonable third–party costs actually incurred by the lender and/or any administrative agent (including reasonable attorneys’ fees and costs reasonably incurred) in connection with the collection of amounts due.
Loan No. 17 – Southcenter Mall – The aggregate liability of the related Guarantor with respect to the full recourse carveouts is capped at 20% of the outstanding principal balance of the whole loan. |
(32) |
Loan No. | Mortgage Loan | Senior Notes Cut-off Date Balance | Subordinate Notes Cut-off Date Balance | Total Mortgage Debt Cut-off Date Balance(1) | Total Senior Notes U/W NCF DSCR | Total Mortgage Debt U/W NCF DSCR(1) | Total Senior Notes Cut-off Date LTV | Total Mortgage Debt Cut-off Date LTV Ratio(1) | Total Senior Notes U/W NOI Debt Yield | Total Mortgage Debt U/W NOI Debt Yield(1) | |
1 | Agellan Portfolio | $231,000,000 | $172,000,000 | $403,000,000 | 3.04x | 1.78x | 41.9% | 73.1% | 15.7% | 9.0% | |
2 | Moffett Towers Building A, B & C | $443,000,000 | $327,000,000 | $770,000,000 | 3.63x | 2.09x | 38.7% | 67.2% | 13.1% | 7.5% | |
4 | BX Industrial Portfolio(2) | $380,682,660 | $268,744,955 | $649,427,615 | 3.57x | 2.09x | 39.6% | 67.6% | 12.8% | 7.5% | |
5 | MGM Grand & Mandalay Bay(2) | $1,634,200,000 | $1,365,800,000 | $3,000,000,000 | 4.95x | 2.70x | 35.5% | 65.2% | 17.9% | 9.7% | |
6 | 1633 Broadway | $1,001,000,000 | $249,000,000 | $1,250,000,000 | 3.84x | 3.08x | 41.7% | 52.1% | 11.9% | 9.5% | |
11 | Chase Center Tower I(4) | $145,710,000 | $178,090,000 | $323,800,000 | 3.87x | 1.36x | 31.3% | 69.5% | 13.9% | 6.2% | |
12 | Chase Center Tower II(4) | $124,290,000 | $151,910,000 | $276,200,000 | 3.87x | 1.36x | 31.3% | 69.5% | 13.9% | 6.2% | |
16 | Bellagio Hotel and Casino | $1,676,200,000 | $1,333,800,000 | $3,010,000,000 | 8.42x | 4.06x | 39.3% | 70.7% | 28.3% | 15.7% |
(1) Includes any related pari passu companion loan(s) and subordinate secured companion loan(s), and excludes any related mezzanine loan(s). | |
(2) The interest rate on the BX Industrial Portfolio Floating Rate Loan is LIBOR (subject to a floor of 0.0000%) plus a spread of 1.45000%. The information presented in the table above relating to the Senior Notes reflects the BX Industrial Portfolio Senior Fixed Rate Loan and approximately $58.283 million of the Cut–off Date balance of the BX Industrial Portfolio Floating Rate Loan (which is assumed to pay pro rata with the BX Industrial Portfolio Senior Fixed Rate Loan). The information above related to the Total Mortgage Debt includes the entire principal balance of the BX Industrial Portfolio Whole Loan. For purposes of the debt service coverage ratio calculations above and herein, LIBOR is assumed to be 0.50000%. | |
(3) LTV is calculated using the appraised value of $4,600,000,000 as of January 10, 2020, set forth above is the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay Properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay Properties. | |
(4) In the case of Loan Nos. 11 and 12, the Chase Center Tower I and II Mortgage Loans, the mortgage loans are cross–collateralized and cross–defaulted. As such, all calculations herein are based on the aggregate Current Balance (%), Maturity/ARD Balance ($), UW NOI, UW NCF and Debt Services of the Chase Center Tower Mortgage Loans. |
(33) |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Mezzanine Debt Cut-off Date Balance | Annual Interest Rate on Mezzanine Loan | Mezzanine Loan Maturity Date or ARD | Intercreditor Agreement | Total Debt Cut-off Date LTV Ratio | Total Debt U/W NCF DSCR(1) | Total Debt U/W NOI Debt Yield(1) | |
1 | Agellan Portfolio | $75,000,000 | 8.0% | $31,000,000 | 9.00% | 8/7/2025 | Yes | 78.8% | 1.54x | 8.3% | |
10 | 3000 Post Oak | $35,000,000 | 3.7% | $20,000,000 | 10.00% | 3/1/2025 | Yes | 69.5% | 1.46x | 9.6% | |
22 | Kings Plaza(2) | $14,108,108 | 1.5% | $53,000,000 | 6.00% | 1/1/2030 | Yes | 60.0% | 1.73x | 9.6% |
(1) Calculated including any related pari passu companion loan(s), related subordinate companion loan(s) and mezzanine debt. | |
(2) The Kings Plaza Mezzanine Loan is interest only for the first five years of the loan term then fully amortizing based on a five–year schedule. Total Debt DSCR is based on the first 12 month period of the amortization period of the loan. The mezzanine loan is fully amortized by the maturity date of January 1, 2030, pursuant to a fixed amortization scheduled. | |
(34) |
Loan No. | Mortgage Loan | Mortgage Loan Cut-off Date Balance | % of Initial Outstanding Pool Balance | Intercreditor Agreement Required | Combined Minimum DSCR | Combined Maximum LTV | Combined Minimum Debt Yield | |
5 | MGM Grand & Mandalay Bay | $65,000,000 | 7.0% | Yes | 4.81x | 67.0%(1) | NAP | |
6 | 1633 Broadway(2) | $62,850,000 | 6.7% | Yes | 3.08x | 52.08% | 9.35% | |
7 | 711 Fifth Avenue(3) | $45,000,000 | 4.8% | Yes | 2.80x | 54.5% | 8.98% | |
16 | Bellagio Hotel and Casino | $21,250,000 | 2.3% | Yes | 4.24x | 72.0% | N/A | |
20 | Jasmine Cove | $15,000,000 | 1.6% | Yes | 1.48x | 65.15% | N/A |
(1) Combined Maximum LTV is based on appraisals ordered by the lender in connection with the closing of the mezzanine loan and calculated based on the outstanding principal balance of the MGM Grand & Mandalay Bay Whole Loan and the initial principal amount of the mezzanine loan | |
(2) The permitted mezzanine Loan may bear a floating rate of interest (subject to an interest rate cap agreement with a “reasonable strike price”), and may alternately take the form of debt-like preferred equity. | |
(3) The borrower has the right to incur additional indebtedness in the form of a mezzanine loan, that will be in no event greater than $35,000,000. | |
(35) | No. 14 – Flushing Commons – Flushing Commons Owner, LLC (“IC Lender”), the sole owner of Flushing Commons Laboz, LLC, a borrower under the Flushing Commons Mortgage Loan, provided a $3,975,906.15 loan (the “Intercompany Loan”) to Thor Flushing Commons Investment BR LLC (the “IC Borrower”), the sole owner of Thor Flushing Commons LLC (one of the borrowers under the Flushing Commons Mortgage Loan), another borrower under the Flushing Commons Mortgage Loan. The Intercompany Loan is secured by a pledge of the IC Borrower’s interest in Thor Flushing Commons LLC. With respect to the Intercompany Loan, the rights of the IC Lender are subject and subordinate to the Flushing Commons Mortgage Loan.
Loan No. 22 – Kings Plaza – The Kings Plaza Whole Loan documents permit the pledge by The Macerich Company, Macerich Partnership, L.P., and/or their affiliates of their indirect ownership interest in the related borrower to a qualified real estate investor (with total assets in name or under management in excess of $2 billion and, except with respect to pension advisory firm or similar fiduciary, capital/ statutory surplus, shareholder equity or net worth in excess of $1 billion) (a “QREI”) as part of a credit facility upon certain conditions, including (i) no event of default has occurred and is continuing; (ii) the value of the mortgaged property constitutes no more than 15% of the value of all assets securing such credit facility and (iii) neither the granting of the pledge nor exercise of any remedies will result in a change of the manager unless the replacement manager is a qualified manager (generally, any of certain specified national property management firms or a reputable and experienced management organization having at least seven years' experience in managing at least seven regional malls, other than the mortgaged property, of not less than 400,000 square feet (inclusive of anchor space) with at least one anchor store and totaling at least 5,000,000 square feet (including owned or leased anchor stores) of gross leasable area, which is not the subject of a bankruptcy or similar insolvency proceeding. |