FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226850-08 | ||
BBCMS 2021-C9 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-226850) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
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 Barclays Capital Inc., SG Americas Securities, LLC, KeyBanc Capital Markets Inc., Bancroft Capital, LLC or Academy Securities, Inc. or any of their respective affiliates, make 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. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, 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.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any 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) any representation 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.
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Street Address | City | State | Zip Code | Property Type(2) | Property Sub-type | Year Built | Year Renovated | Units(3) | Unit of Measure | Occupancy %(3)(4) |
1 | Both | SGFC | 1 | The Atlantic | 258-262 South Broad Street and 1523-1525 Spruce Street | Philadelphia | PA | 19102 | Multifamily | High Rise | 1923 | 2018-2020 | 268 | Units | 78.0% |
2 | Both | BSPRT | 1 | Saddleback Business Park | 26941-27075 Cabot Road & 26051-26081 Merit Circle | Laguna Hills | CA | 92653 | Industrial | Flex | 1988-1989 | 388,224 | Square Feet | 94.5% | |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | Various | Las Vegas | NV | Various | Hotel | Full Service | Various | 9,748 | Rooms | 71.4% | |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 3799 South Las Vegas Boulevard | Las Vegas | NV | 89109 | Hotel | Full Service | 1993 | 4,998 | Rooms | 68.5% | |
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 3950 South Las Vegas Boulevard | Las Vegas | NV | 89119 | Hotel | Full Service | 1999 | 4,750 | Rooms | 74.8% | |
4 | Both | SMC | 1 | 744 Bedford Avenue | 744 Bedford Avenue | Brooklyn | NY | 11205 | Mixed Use | Multifamily/Retail | 2018-2020 | 88 | Units | 100.0% | |
5 | Both | BSPRT | 1 | Crescent Gateway | 6917, 6931, 6933 and 6937 Arlington Road | Bethesda | MD | 20814 | Mixed Use | Office/Retail | 1960, 1984 | 2012 | 144,729 | Square Feet | 82.9% |
6 | Both | LMF | 1 | Tollway Towers | 15660 and 15770 Dallas Parkway | Dallas | TX | 75248 | Office | Suburban | 1984, 1986 | 2017 | 299,521 | Square Feet | 82.2% |
7 | Both | Barclays | 1 | 1 Solutions Parkway | 1 Solutions Parkway | Town and Country | MO | 63017 | Office | Suburban | 1997 | 156,000 | Square Feet | 100.0% | |
8 | Both | BSPRT | 1 | Cypress Financial Center | 5900 North Andrews Avenue | Fort Lauderdale | FL | 33309 | Office | Suburban | 1988 | 2015-2019 | 203,483 | Square Feet | 90.0% |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 3302 West Doctor Martin Luther King Junior Boulevard | Tampa | FL | 33607 | Office | Suburban | 2006 | 136,356 | Square Feet | 100.0% | |
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 200 St. Paul Plaza | Baltimore | MD | 21202 | Office | CBD | 1989 | 265,515 | Square Feet | 93.7% | |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 901 North Garden Ridge Boulevard | Lewisville | TX | 75077 | Multifamily | Over 55 | 2002 | 2018 | 180 | Units | 92.8% |
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | Various | Various | AL | Various | Self Storage | Self Storage | Various | Various | 2,081 | Units | 88.4% |
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | 110 Cloverleaf Drive | Athens | AL | 35611 | Self Storage | Self Storage | 2007 | 569 | Units | 93.7% | |
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | 2708 West Mall Drive | Florence | AL | 35630 | Self Storage | Self Storage | 1983 | 2004 | 576 | Units | 83.2% |
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | 414 Cox Boulevard | Sheffield | AL | 35660 | Self Storage | Self Storage | 2005 | 471 | Units | 92.8% | |
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | 4450 Chisholm Road | Florence | AL | 35630 | Self Storage | Self Storage | 2007 | 465 | Units | 83.9% | |
13 | Both | LMF | 1 | Gardner Plaza | 2615, 2625, 2635 and 2645 Saint Rose Parkway | Henderson | NV | 89052 | Mixed Use | Office/Retail | 2020 | 69,072 | Square Feet | 93.9% | |
14 | Both | Barclays | 1 | 924 Overland Court | 924 Overland Court | San Dimas | CA | 91773 | Office | Suburban | 1988 | 2018 | 98,505 | Square Feet | 100.0% |
15 | Both | BSPRT | 1 | Seaport Homes | 28000 South Western Avenue | San Pedro | CA | 90732 | Multifamily | Mid Rise | 2008 | 136 | Units | 98.5% | |
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | 201 South Balcom Avenue | Fullerton | CA | 92832 | Self Storage | Self Storage | 2018 | 909 | Units | 93.6% | |
17 | Both | SGFC | 1 | Bayshore Mixed Use | 25 East Main Street | Bay Shore | NY | 11706 | Mixed Use | Multifamily/Office/Retail | 1913 | 2020 | 56,186 | Square Feet | 97.5% |
18 | Both | Barclays | 1 | 3Y | 300 Wyandotte Street | Kansas City | MO | 64105 | Office | CBD | 2005 | 2017-2018 | 94,323 | Square Feet | 99.8% |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | Various | Various | IL | Various | Various | Various | Various | Various | 242,404 | Square Feet | 98.7% |
19.01 | Property | LMF | 1 | Gary Tech | 191 South Gary Avenue | Carol Stream | IL | 60188 | Industrial | R&D/Flex | 1989 | 65,052 | Square Feet | 100.0% | |
19.02 | Property | LMF | 1 | Remington | 1300 Remington Road | Schaumburg | IL | 60173 | Industrial | Flex | 1988 | 2017 | 41,534 | Square Feet | 92.4% |
19.03 | Property | LMF | 1 | Deerpath | 700-702 North Deerpath Drive | Vernon Hills | IL | 60061 | Office | Suburban | 1984 | 45,235 | Square Feet | 100.0% | |
19.04 | Property | LMF | 1 | Messner | 281-339 West Messner Drive | Wheeling | IL | 60090 | Industrial | Flex | 1980 | 35,000 | Square Feet | 100.0% | |
19.05 | Property | LMF | 1 | Janke | 1852 and 1908 Janke Drive | Northbrook | IL | 60062 | Industrial | General Industrial | 1972 | 2005 | 36,718 | Square Feet | 100.0% |
19.06 | Property | LMF | 1 | Saunders | 302 Saunders Road | Riverwoods | IL | 60015 | Office | Suburban | 1999 | 18,865 | Square Feet | 100.0% | |
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | Various | Various | MI | Various | Self Storage | Self Storage | Various | Various | 2,435 | Units | 96.3% |
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | 7043 Corunna Road | Swartz Creek | MI | 48473 | Self Storage | Self Storage | 1996 | 899 | Units | 94.3% | |
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | 1475 East Maple Avenue | Burton | MI | 48529 | Self Storage | Self Storage | 2006 | 899 | Units | 98.3% | |
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | 8085 Old US 23 | Fenton | MI | 48430 | Self Storage | Self Storage | 2003 | 2015 | 637 | Units | 96.1% |
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | Various | Various | TX | Various | Manufactured Housing | Manufactured Housing | Various | Various | 381 | Pads | 91.1% |
21.01 | Property | LMF | 1 | Van Manor MHC | 9522 Telephone Road | Houston | TX | 77075 | Manufactured Housing | Manufactured Housing | 1960 | 110 | Pads | 96.4% | |
21.02 | Property | LMF | 1 | Preston MHC | 3014 Preston Road | Pasadena | TX | 77503 | Manufactured Housing | Manufactured Housing | 1970 | 76 | Pads | 92.1% | |
21.03 | Property | LMF | 1 | Holiday Villas MHC | 3300 Spencer Highway | Pasadena | TX | 77504 | Manufactured Housing | Manufactured Housing | 1959 | 75 | Pads | 89.3% | |
21.04 | Property | LMF | 1 | Red Dot RV/MHC | 14914, 14922, 15014 and 15703 Sellers Road | Houston | TX | 77060 | Manufactured Housing | Manufactured Housing | 1976 | 2007 | 120 | Pads | 86.7% |
22 | Loan | KeyBank | 3 | APC Portfolio | Various | Various | TX | Various | Office | Medical | Various | Various | 46,236 | Square Feet | 100.0% |
22.01 | Property | KeyBank | 1 | Round Rock | 2000 South Mays Street | Round Rock | TX | 78664 | Office | Medical | 1984 | 28,384 | Square Feet | 100.0% | |
22.02 | Property | KeyBank | 1 | South Mopac | 6000 South Mopac Expressway | Austin | TX | 78749 | Office | Medical | 1998 | 12,480 | Square Feet | 100.0% | |
22.03 | Property | KeyBank | 1 | Loop 360 | 7307 Creekbluff Drive | Austin | TX | 78750 | Office | Medical | 1986 | 2015 | 5,372 | Square Feet | 100.0% |
23 | Both | Barclays | 1 | Melrose Apartments | 4444 North 7th Avenue | Phoenix | AZ | 85013 | Multifamily | Garden | 1979 | 2016 | 184 | Units | 95.1% |
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | Various | Various | Various | Various | Manufactured Housing | Manufactured Housing | Various | 799 | Pads | 73.0% | |
24.01 | Property | SMC | 1 | Lakeview Terrace | 1088 Lakeview Terrace Road | Fairbanks | AK | 99701 | Manufactured Housing | Manufactured Housing | 1976 | 207 | Pads | 63.8% | |
24.02 | Property | SMC | 1 | Breeze Lake MHP | 1710 North Vermillion Road | Brownsville | TX | 78521 | Manufactured Housing | Manufactured Housing | 1973 | 204 | Pads | 83.3% | |
24.03 | Property | SMC | 1 | Desert Oasis MHP | 12705 Montana Avenue | El Paso | TX | 79938 | Manufactured Housing | Manufactured Housing | 1978 | 111 | Pads | 97.3% | |
24.04 | Property | SMC | 1 | Sunset Palms MHP | 1129 North Minnesota Avenue | Brownsville | TX | 78521 | Manufactured Housing | Manufactured Housing | 1984 | 166 | Pads | 67.5% | |
24.05 | Property | SMC | 1 | Bannock MHC | 995 Wilson Avenue | Pocatello | ID | 83201 | Manufactured Housing | Manufactured Housing | 1970 | 111 | Pads | 55.0% | |
25 | Both | Barclays | 1 | 2727 Iowa Street | 2727 Iowa Street | Lawrence | KS | 66046 | Retail | Anchored | 1983 | 2015 | 85,044 | Square Feet | 100.0% |
26 | Both | LMF | 1 | Hazle Marketplace | 761 Airport Road | Hazle Township | PA | 18202 | Retail | Anchored | 1995 | 215,026 | Square Feet | 97.0% | |
27 | Both | KeyBank | 1 | Centennial Hills | 6170 North Durango Drive | Las Vegas | NV | 89149 | Office | Medical | 2017 | 57,156 | Square Feet | 100.0% | |
28 | Both | SGFC | 1 | Park Plaza | 1776, 1782 and 1790 West Park Avenue | Redlands | CA | 92373 | Office | Medical | 2007 | 2018 | 53,325 | Square Feet | 100.0% |
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | Various | Various | Various | Various | Manufactured Housing | Manufactured Housing | Various | 588 | Pads | 73.3% | |
29.01 | Property | Barclays | 1 | Lakewood Estates | 3945 Birmingham Way | Montgomery | AL | 36108 | Manufactured Housing | Manufactured Housing | 1989 | 159 | Pads | 86.2% | |
29.02 | Property | Barclays | 1 | Sea Pines | 1451 Cedar Crescent Drive | Mobile | AL | 36605 | Manufactured Housing | Manufactured Housing | 1977 | 144 | Pads | 86.8% | |
29.03 | Property | Barclays | 1 | Heritage Point | 1200 West Boulevard | Montgomery | AL | 36108 | Manufactured Housing | Manufactured Housing | 1973 | 103 | Pads | 90.3% | |
29.04 | Property | Barclays | 1 | Plantation Acres | 3962 Deans Bridge Road | Hephzibah | GA | 30815 | Manufactured Housing | Manufactured Housing | 1961 | 182 | Pads | 41.8% | |
30 | Both | BSPRT | 1 | Chatham Crossing | 11312-11314 US Highway 15-501 North | Chapel Hill | NC | 27517 | Retail | Anchored | 1999 | 2018 | 85,811 | Square Feet | 96.0% |
31 | Both | SGFC | 1 | Rowmark HQ | 5409 Hamlet Drive | Findlay | OH | 45840 | Industrial | Flex | 2015 | 2019 | 145,000 | Square Feet | 100.0% |
32 | Both | LMF | 1 | De Portola Medical Office | 31625 De Portola Road | Temecula | CA | 92592 | Office | Medical | 2019 | 25,121 | Square Feet | 100.0% | |
33 | Both | Barclays | 1 | Arnold Industrial Park | 3380, 3382, 3384, 3585, 3390 & 3506 Mercantile Avenue, 3573 & 3989 Progress Avenue and 1271, 1361 & 1377-1383 Airport Pulling Road North | Naples | FL | 34104 | Industrial | Manufacturing | 1972 | 2018 | 118,300 | Square Feet | 97.5% |
34 | Both | LMF | 1 | 126 Franklin Avenue | 126 Franklin Avenue | New Rochelle | NY | 10805 | Multifamily | Mid Rise | 1956 | 2013, 2018 | 44 | Units | 100.0% |
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 1220 East Greg Street, 1250 East Greg Street, 1215 Kleppe Lane, 1275 Kleppe Lane and 1455 Deming Way | Sparks | NV | 89431 | Industrial | Flex | 1981 | 150,439 | Square Feet | 97.3% | |
36 | Loan | KeyBank | 2 | Walgreens Portfolio | Various | Various | Various | Various | Retail | Single Tenant | Various | 29,689 | Square Feet | 100.0% | |
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | 369 Plymouth Avenue | Fall River | MA | 02721 | Retail | Single Tenant | 1995 | 14,676 | Square Feet | 100.0% | |
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | 109 North Marquette Road | Prairie du Chien | WI | 53821 | Retail | Single Tenant | 2005 | 15,013 | Square Feet | 100.0% | |
37 | Both | Barclays | 1 | Holly Village | 350 Silver Run Road | Millville | NJ | 08332 | Manufactured Housing | Manufactured Housing | 1970 | 245 | Pads | 88.2% | |
38 | Both | LMF | 1 | Hibiscus Plaza | 9823 Hibiscus Street | Miami | FL | 33157 | Retail | Anchored | 1962 | 2019 | 37,507 | Square Feet | 100.0% |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various | 991 | Units | 90.2% |
39.01 | Property | LMF | 1 | Meadville Storage | 17208 Conneaut Lake Road and 11207 Kingzett Drive | Meadville, Conneaut Lake | PA | 16335, 16316 | Self Storage | Self Storage | 1987, 1992 | 378 | Units | 93.7% | |
39.02 | Property | LMF | 1 | Johnstown Storage | 410 Eisenhower Boulevard | Johnstown | PA | 15904 | Self Storage | Self Storage | 2001 | 433 | Units | 89.1% | |
39.03 | Property | LMF | 1 | Cambria Storage | 3056 Saunders Settlement Road | Sanborn | NY | 14132 | Self Storage | Self Storage | 1940, 2006, 2007, 2011, 2012, 2015 | 1970 | 180 | Units | 85.6% |
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 110 East Nine Mile Road | Pensacola | FL | 32534 | Self Storage | Self Storage | 1983, 2010 | 736 | Units | 98.2% | |
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 108 Malvern Road | Arkadelphia | AR | 71923 | Hotel | Limited Service | 2005 | 2018 | 80 | Rooms | 66.4% |
42 | Both | Barclays | 1 | Gardens Club Apartments | 2754-2791 Northwest 191st Terrace and 2754-2790 Northwest 192nd Terrace | Miami Gardens | FL | 33056 | Multifamily | Garden | 2020 | 30 | Units | 96.7% | |
43 | Both | SMC | 1 | McCarthy Ranch | 15-251 Ranch Drive | Milpitas | CA | 95035 | Retail | Anchored | 1994 | 265,994 | Square Feet | 83.6% | |
44 | Both | KeyBank | 1 | Bear Creek Storage | 32575 Clinton Keith Road | Wildomar | CA | 92595 | Self Storage | Self Storage | 2006 | 583 | Units | 94.5% | |
45 | Both | Barclays | 1 | Marbeya Business Park | 6625-6655 West Sahara Avenue | Las Vegas | NV | 89146 | Office | Suburban | 1991 | 85,362 | Square Feet | 74.8% | |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | Various | Various | Various | Various | Retail | Single Tenant | Various | Various | 43,502 | Square Feet | 100.0% |
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | 380 Harmony Road | Gibbstown | NJ | 08027 | Retail | Single Tenant | 1998 | 2020 | 11,191 | Square Feet | 100.0% |
46.02 | Property | LMF | 1 | Family Dollar Southfield | 28949 Northwestern Highway | Southfield | MI | 48034 | Retail | Single Tenant | 1997 | 10,645 | Square Feet | 100.0% | |
46.03 | Property | LMF | 1 | Family Dollar Norfolk | 6130 Chesapeake Boulevard | Norfolk | VA | 23513 | Retail | Single Tenant | 1998 | 10,616 | Square Feet | 100.0% | |
46.04 | Property | LMF | 1 | Family Dollar Memphis | 3500 Ramill Road | Memphis | TN | 38128 | Retail | Single Tenant | 1998 | 11,050 | Square Feet | 100.0% | |
47 | Both | LMF | 1 | 57 4th Avenue | 57 4th Avenue | Brooklyn | NY | 11217 | Mixed Use | Multifamily/Retail | 1920 | 2019 | 4,375 | Square Feet | 100.0% |
48 | Both | LMF | 1 | Plainfield Commons II | 2663-2670 East Main Street | Plainfield | IN | 46168 | Retail | Shadow Anchored | 2005 | 14,026 | Square Feet | 88.6% | |
49 | Both | SMC | 1 | Country Way Apartments | 113 Parkside Court | Saginaw | MI | 48601 | Multifamily | Garden | 1968 | 140 | Units | 90.0% | |
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 612-826 Southwest Amberwood Loop | Lake City | FL | 32025 | Multifamily | Garden | 1981, 1986 | 100 | Units | 99.0% | |
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | Various | Various | AZ | Various | Self Storage | Self Storage | Various | 616 | Units | 89.4% | |
51.01 | Property | SMC | 1 | Black Canyon Storage | 34655 South Mud Springs Road | Black Canyon City | AZ | 85324 | Self Storage | Self Storage | 1995 | 379 | Units | 89.4% | |
51.02 | Property | SMC | 1 | Rimrock Self Storage | 3706 and 3710 East Beaver Creek Road | Rimrock | AZ | 86335 | Self Storage | Self Storage | 2001, 2003, 2006 | 237 | Units | 89.5% | |
52 | Both | Barclays | 1 | Cornerstone Apartments | 380 North Sunrise Way | Palm Springs | CA | 92262 | Multifamily | Garden | 1969 | 36 | Units | 97.2% | |
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | 43500 Gen Mar Drive | Novi | MI | 48375 | Industrial | Warehouse | 1989 | 45,388 | Square Feet | 100.0% | |
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 709 North 17th Avenue | Arcadia | FL | 34266 | Multifamily | Garden | 1984 | 2020 | 50 | Units | 100.0% |
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 39372 Highway 74 | Gonzales | LA | 70737 | Self Storage | Self Storage | 2009 | 331 | Units | 90.3% | |
56 | Both | LMF | 1 | Midtown Duplexes | 50, 75, 80, 90, 110, 115 & 120 Galonsky Street | Brownsville | TX | 78521 | Multifamily | Garden | 2013-2016 | 30 | Units | 100.0% | |
57 | Both | LMF | 1 | Oak Forest MHC | 20 Powell Street | Battle Creek | MI | 49014 | Manufactured Housing | Manufactured Housing | 1963 | 105 | Pads | 78.1% |
A-1-1 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Occupancy Date | Appraised Value ($)(5) | Appraisal Date | Crossed Loan | Original Balance ($)(6)(7) | Current Balance ($)(6)(7) | Current Balance per Unit ($) | % of Initial Pool Balance | Current LTV (%)(5) | Maturity/ARD Balance ($)(6)(7) | Maturity/ ARD LTV (%)(5) | Interest Rate % | Admin. Fee %(8) | Net Mortgage Rate % | Accrual Type |
1 | Both | SGFC | 1 | The Atlantic | 01/19/2021 | 258,000,000 | 12/18/2020 | No | 75,000,000 | 75,000,000 | 466,418 | 9.4% | 48.4% | 75,000,000 | 48.4% | 3.456008 | 0.014585 | 3.441423 | Actual/360 |
2 | Both | BSPRT | 1 | Saddleback Business Park | 01/01/2021 | 100,800,000 | 11/12/2020 | No | 58,500,000 | 58,500,000 | 151 | 7.4% | 58.0% | 58,500,000 | 58.0% | 3.330000 | 0.014585 | 3.315415 | Actual/360 |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 09/30/2020 | 4,600,000,000 | 01/10/2020 | No | 58,000,000 | 58,000,000 | 167,645 | 7.3% | 35.5% | 58,000,000 | 35.5% | 3.558000 | 0.013960 | 3.544040 | Actual/360 |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 09/30/2020 | 2,505,000,000 | 01/10/2020 | 31,610,000 | 31,610,000 | 167,645 | 4.0% | 35.5% | 31,610,000 | 35.5% | 3.558000 | ||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 09/30/2020 | 2,095,000,000 | 01/10/2020 | 26,390,000 | 26,390,000 | 167,645 | 3.3% | 35.5% | 26,390,000 | 35.5% | 3.558000 | ||||
4 | Both | SMC | 1 | 744 Bedford Avenue | 01/25/2021 | 63,000,000 | 12/28/2020 | No | 39,600,000 | 39,600,000 | 450,000 | 5.0% | 62.9% | 33,950,615 | 53.9% | 3.643000 | 0.014585 | 3.628415 | Actual/360 |
5 | Both | BSPRT | 1 | Crescent Gateway | 02/02/2021 | 75,400,000 | 12/02/2020 | No | 32,000,000 | 31,946,975 | 331 | 4.0% | 63.6% | 25,441,651 | 50.6% | 4.030000 | 0.014585 | 4.015415 | Actual/360 |
6 | Both | LMF | 1 | Tollway Towers | 12/01/2020 | 50,270,000 | 07/27/2020 | No | 30,500,000 | 30,500,000 | 102 | 3.8% | 60.7% | 26,582,163 | 52.9% | 5.290000 | 0.014585 | 5.275415 | Actual/360 |
7 | Both | Barclays | 1 | 1 Solutions Parkway | 01/25/2021 | 40,950,000 | 08/04/2020 | No | 28,025,000 | 28,025,000 | 180 | 3.5% | 68.4% | 23,934,838 | 58.4% | 3.493000 | 0.014585 | 3.478415 | Actual/360 |
8 | Both | BSPRT | 1 | Cypress Financial Center | 12/18/2020 | 47,800,000 | 12/01/2022 | No | 27,615,000 | 27,615,000 | 136 | 3.5% | 57.8% | 27,615,000 | 57.8% | 3.715000 | 0.014585 | 3.700415 | Actual/360 |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 01/29/2021 | 47,300,000 | 12/20/2020 | No | 27,500,000 | 27,417,305 | 201 | 3.5% | 58.0% | 16,454,155 | 34.8% | 3.770000 | 0.014585 | 3.755415 | Actual/360 |
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 12/31/2020 | 45,000,000 | 12/10/2020 | No | 24,200,000 | 24,200,000 | 91 | 3.0% | 53.8% | 24,200,000 | 53.8% | 3.576000 | 0.014585 | 3.561415 | Actual/360 |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 11/11/2020 | 34,200,000 | 11/09/2020 | No | 20,460,000 | 20,460,000 | 113,667 | 2.6% | 59.8% | 20,460,000 | 59.8% | 3.160000 | 0.014585 | 3.145415 | Actual/360 |
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 12/31/2020 | 28,030,000 | 12/02/2020 | No | 17,600,000 | 17,548,773 | 8,433 | 2.2% | 62.6% | 14,068,885 | 50.2% | 4.180000 | 0.014585 | 4.165415 | Actual/360 |
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | 12/31/2020 | 8,220,000 | 12/02/2020 | 5,161,327 | 5,146,305 | 8,433 | 0.6% | 62.6% | 4,125,802 | 50.2% | 4.180000 | ||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | 12/31/2020 | 7,310,000 | 12/02/2020 | 4,589,939 | 4,576,580 | 8,433 | 0.6% | 62.6% | 3,669,053 | 50.2% | 4.180000 | ||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | 12/31/2020 | 7,090,000 | 12/02/2020 | 4,451,802 | 4,438,844 | 8,433 | 0.6% | 62.6% | 3,558,630 | 50.2% | 4.180000 | ||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | 12/31/2020 | 5,410,000 | 12/02/2020 | 3,396,932 | 3,387,045 | 8,433 | 0.4% | 62.6% | 2,715,400 | 50.2% | 4.180000 | ||||
13 | Both | LMF | 1 | Gardner Plaza | 01/19/2021 | 27,450,000 | 12/21/2020 | No | 17,150,000 | 17,122,746 | 248 | 2.2% | 62.4% | 13,804,846 | 50.3% | 4.380000 | 0.014585 | 4.365415 | Actual/360 |
14 | Both | Barclays | 1 | 924 Overland Court | 01/06/2021 | 28,300,000 | 11/17/2020 | No | 16,100,000 | 16,100,000 | 163 | 2.0% | 56.9% | 16,100,000 | 56.9% | 3.040000 | 0.054585 | 2.985415 | Actual/360 |
15 | Both | BSPRT | 1 | Seaport Homes | 12/07/2020 | 63,500,000 | 01/05/2021 | No | 14,000,000 | 14,000,000 | 235,294 | 1.8% | 50.4% | 14,000,000 | 50.4% | 3.350000 | 0.014585 | 3.335415 | Actual/360 |
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | 12/31/2020 | 25,500,000 | 12/15/2020 | No | 13,750,000 | 13,750,000 | 15,127 | 1.7% | 53.9% | 13,750,000 | 53.9% | 3.530000 | 0.023335 | 3.506665 | Actual/360 |
17 | Both | SGFC | 1 | Bayshore Mixed Use | 01/25/2021 | 20,100,000 | 12/07/2020 | No | 13,640,000 | 13,640,000 | 243 | 1.7% | 67.9% | 11,518,631 | 57.3% | 4.090000 | 0.014585 | 4.075415 | Actual/360 |
18 | Both | Barclays | 1 | 3Y | 12/15/2020 | 24,000,000 | 11/23/2020 | No | 13,625,000 | 13,625,000 | 144 | 1.7% | 56.8% | 13,625,000 | 56.8% | 3.495000 | 0.044585 | 3.450415 | Actual/360 |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | Various | 20,375,000 | Various | No | 13,100,000 | 13,061,372 | 54 | 1.6% | 64.1% | 10,441,949 | 51.2% | 4.100000 | 0.014585 | 4.085415 | Actual/360 |
19.01 | Property | LMF | 1 | Gary Tech | 10/01/2020 | 5,900,000 | 11/30/2020 | 3,730,000 | 3,719,001 | 54 | 0.5% | 64.1% | 2,973,166 | 51.2% | 4.100000 | ||||
19.02 | Property | LMF | 1 | Remington | 12/26/2020 | 4,600,000 | 11/25/2020 | 2,910,000 | 2,901,419 | 54 | 0.4% | 64.1% | 2,319,547 | 51.2% | 4.100000 | ||||
19.03 | Property | LMF | 1 | Deerpath | 11/01/2020 | 3,250,000 | 10/27/2020 | 2,170,000 | 2,163,601 | 54 | 0.3% | 64.1% | 1,729,697 | 51.2% | 4.100000 | ||||
19.04 | Property | LMF | 1 | Messner | 12/21/2020 | 2,300,000 | 11/25/2020 | 1,520,000 | 1,515,518 | 54 | 0.2% | 64.1% | 1,211,585 | 51.2% | 4.100000 | ||||
19.05 | Property | LMF | 1 | Janke | 12/21/2020 | 2,175,000 | 12/02/2020 | 1,385,000 | 1,380,916 | 54 | 0.2% | 64.1% | 1,103,977 | 51.2% | 4.100000 | ||||
19.06 | Property | LMF | 1 | Saunders | 12/26/2020 | 2,150,000 | 10/27/2020 | 1,385,000 | 1,380,916 | 54 | 0.2% | 64.1% | 1,103,977 | 51.2% | 4.100000 | ||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | 11/30/2020 | 22,900,000 | 12/02/2020 | No | 12,800,000 | 12,745,913 | 5,234 | 1.6% | 55.7% | 9,067,088 | 39.6% | 3.600000 | 0.023335 | 3.576665 | Actual/360 |
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | 11/30/2020 | 8,800,000 | 12/02/2020 | 4,918,777 | 4,897,993 | 5,234 | 0.6% | 55.7% | 3,484,296 | 39.6% | 3.600000 | ||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | 11/30/2020 | 8,000,000 | 12/02/2020 | 4,471,616 | 4,452,721 | 5,234 | 0.6% | 55.7% | 3,167,542 | 39.6% | 3.600000 | ||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | 11/30/2020 | 6,100,000 | 12/02/2020 | 3,409,607 | 3,395,200 | 5,234 | 0.4% | 55.7% | 2,415,251 | 39.6% | 3.600000 | ||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 11/30/2020 | 22,670,000 | 11/05/2020 | No | 12,700,000 | 12,700,000 | 33,333 | 1.6% | 56.0% | 11,571,616 | 51.0% | 4.240000 | 0.014585 | 4.225415 | Actual/360 |
21.01 | Property | LMF | 1 | Van Manor MHC | 11/30/2020 | 7,270,000 | 11/05/2020 | 4,072,739 | 4,072,739 | 33,333 | 0.5% | 56.0% | 3,710,880 | 51.0% | 4.240000 | ||||
21.02 | Property | LMF | 1 | Preston MHC | 11/30/2020 | 5,520,000 | 11/05/2020 | 3,092,369 | 3,092,369 | 33,333 | 0.4% | 56.0% | 2,817,615 | 51.0% | 4.240000 | ||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | 11/30/2020 | 5,140,000 | 11/05/2020 | 2,879,488 | 2,879,488 | 33,333 | 0.4% | 56.0% | 2,623,648 | 51.0% | 4.240000 | ||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | 11/30/2020 | 4,740,000 | 11/05/2020 | 2,655,404 | 2,655,404 | 33,333 | 0.3% | 56.0% | 2,419,473 | 51.0% | 4.240000 | ||||
22 | Loan | KeyBank | 3 | APC Portfolio | 01/15/2021 | 22,540,000 | 12/22/2020 | No | 12,347,500 | 12,347,500 | 267 | 1.6% | 54.8% | 11,189,857 | 49.6% | 3.920000 | 0.023335 | 3.896665 | Actual/360 |
22.01 | Property | KeyBank | 1 | Round Rock | 01/15/2021 | 13,800,000 | 12/22/2020 | 7,562,400 | 7,562,400 | 267 | 1.0% | 54.8% | 6,853,385 | 49.6% | 3.920000 | ||||
22.02 | Property | KeyBank | 1 | South Mopac | 01/15/2021 | 6,700,000 | 12/22/2020 | 3,671,600 | 3,671,600 | 267 | 0.5% | 54.8% | 3,327,368 | 49.6% | 3.920000 | ||||
22.03 | Property | KeyBank | 1 | Loop 360 | 01/15/2021 | 2,040,000 | 12/22/2020 | 1,113,500 | 1,113,500 | 267 | 0.1% | 54.8% | 1,009,104 | 49.6% | 3.920000 | ||||
23 | Both | Barclays | 1 | Melrose Apartments | 11/30/2020 | 22,200,000 | 11/19/2020 | No | 12,250,000 | 12,250,000 | 66,576 | 1.5% | 55.2% | 12,250,000 | 55.2% | 3.805000 | 0.063335 | 3.741665 | Actual/360 |
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | Various | 18,240,000 | Various | No | 10,500,000 | 10,468,716 | 13,102 | 1.3% | 57.4% | 8,350,319 | 45.8% | 4.036000 | 0.014585 | 4.021415 | Actual/360 |
24.01 | Property | SMC | 1 | Lakeview Terrace | 12/22/2020 | 4,580,000 | 11/02/2020 | 3,435,000 | 3,424,766 | 13,102 | 0.4% | 57.4% | 2,731,747 | 45.8% | 4.036000 | ||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | 12/21/2020 | 3,260,000 | 10/24/2020 | 2,445,000 | 2,437,715 | 13,102 | 0.3% | 57.4% | 1,944,431 | 45.8% | 4.036000 | ||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | 12/21/2020 | 4,760,000 | 10/29/2020 | 2,100,000 | 2,093,743 | 13,102 | 0.3% | 57.4% | 1,670,064 | 45.8% | 4.036000 | ||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | 12/21/2020 | 2,380,000 | 10/24/2020 | 1,751,000 | 1,745,783 | 13,102 | 0.2% | 57.4% | 1,392,516 | 45.8% | 4.036000 | ||||
24.05 | Property | SMC | 1 | Bannock MHC | 12/21/2020 | 3,260,000 | 10/23/2020 | 769,000 | 766,709 | 13,102 | 0.1% | 57.4% | 611,562 | 45.8% | 4.036000 | ||||
25 | Both | Barclays | 1 | 2727 Iowa Street | 01/08/2021 | 15,325,000 | 12/06/2019 | No | 10,500,000 | 10,276,177 | 121 | 1.3% | 67.1% | 8,238,978 | 53.8% | 3.665000 | 0.014585 | 3.650415 | Actual/360 |
26 | Both | LMF | 1 | Hazle Marketplace | 11/17/2020 | 20,200,000 | 11/02/2020 | No | 10,250,000 | 10,250,000 | 48 | 1.3% | 50.7% | 10,250,000 | 50.7% | 3.310000 | 0.014585 | 3.295415 | Actual/360 |
27 | Both | KeyBank | 1 | Centennial Hills | 01/01/2021 | 18,500,000 | 12/04/2020 | No | 10,175,000 | 10,175,000 | 178 | 1.3% | 55.0% | 9,118,017 | 49.3% | 3.290000 | 0.023335 | 3.266665 | Actual/360 |
28 | Both | SGFC | 1 | Park Plaza | 01/01/2021 | 18,300,000 | 11/17/2020 | No | 10,000,000 | 10,000,000 | 188 | 1.3% | 54.6% | 9,029,564 | 49.3% | 3.710000 | 0.014585 | 3.695415 | Actual/360 |
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 11/01/2020 | 15,590,000 | Various | No | 9,350,000 | 9,322,909 | 15,855 | 1.2% | 59.8% | 7,481,509 | 48.0% | 4.208000 | 0.014585 | 4.193415 | Actual/360 |
29.01 | Property | Barclays | 1 | Lakewood Estates | 11/01/2020 | 5,540,000 | 10/15/2020 | 3,375,461 | 3,365,681 | 15,855 | 0.4% | 59.8% | 2,700,913 | 48.0% | 4.208000 | ||||
29.02 | Property | Barclays | 1 | Sea Pines | 11/01/2020 | 4,470,000 | 10/14/2020 | 2,849,205 | 2,840,949 | 15,855 | 0.4% | 59.8% | 2,279,823 | 48.0% | 4.208000 | ||||
29.03 | Property | Barclays | 1 | Heritage Point | 11/01/2020 | 3,580,000 | 10/15/2020 | 2,027,540 | 2,021,665 | 15,855 | 0.3% | 59.8% | 1,622,359 | 48.0% | 4.208000 | ||||
29.04 | Property | Barclays | 1 | Plantation Acres | 11/01/2020 | 2,000,000 | 10/16/2020 | 1,097,795 | 1,094,614 | 15,855 | 0.1% | 59.8% | 878,413 | 48.0% | 4.208000 | ||||
30 | Both | BSPRT | 1 | Chatham Crossing | 12/16/2020 | 15,000,000 | 12/16/2020 | No | 9,200,000 | 9,183,549 | 107 | 1.2% | 61.2% | 7,148,161 | 47.7% | 3.410000 | 0.073335 | 3.336665 | Actual/360 |
31 | Both | SGFC | 1 | Rowmark HQ | 01/08/2021 | 14,500,000 | 11/17/2020 | No | 9,100,000 | 9,100,000 | 63 | 1.1% | 62.8% | 8,233,079 | 56.8% | 3.823500 | 0.014585 | 3.808915 | Actual/360 |
32 | Both | LMF | 1 | De Portola Medical Office | 12/01/2020 | 12,200,000 | 12/27/2020 | No | 8,500,000 | 8,500,000 | 338 | 1.1% | 69.7% | 7,272,471 | 59.6% | 4.570000 | 0.014585 | 4.555415 | Actual/360 |
33 | Both | Barclays | 1 | Arnold Industrial Park | 12/01/2020 | 13,500,000 | 11/13/2020 | No | 8,000,000 | 8,000,000 | 68 | 1.0% | 59.3% | 8,000,000 | 59.3% | 3.682000 | 0.014585 | 3.667415 | Actual/360 |
34 | Both | LMF | 1 | 126 Franklin Avenue | 12/28/2020 | 10,050,000 | 12/17/2020 | No | 7,000,000 | 7,000,000 | 159,091 | 0.9% | 69.7% | 7,000,000 | 69.7% | 3.770000 | 0.014585 | 3.755415 | Actual/360 |
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 11/30/2020 | 16,980,000 | 11/17/2020 | No | 7,000,000 | 7,000,000 | 47 | 0.9% | 41.2% | 7,000,000 | 41.2% | 3.300000 | 0.023335 | 3.276665 | Actual/360 |
36 | Loan | KeyBank | 2 | Walgreens Portfolio | 02/01/2021 | 11,000,000 | Various | No | 6,900,000 | 6,900,000 | 232 | 0.9% | 62.7% | 6,900,000 | 62.7% | 3.620000 | 0.023335 | 3.596665 | Actual/360 |
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | 02/01/2021 | 5,900,000 | 12/23/2020 | 3,685,000 | 3,685,000 | 232 | 0.5% | 62.7% | 3,685,000 | 62.7% | 3.620000 | ||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | 02/01/2021 | 5,100,000 | 12/21/2020 | 3,215,000 | 3,215,000 | 232 | 0.4% | 62.7% | 3,215,000 | 62.7% | 3.620000 | ||||
37 | Both | Barclays | 1 | Holly Village | 12/08/2020 | 13,090,000 | 11/05/2020 | No | 6,500,000 | 6,488,815 | 26,485 | 0.8% | 49.6% | 5,109,645 | 39.0% | 3.720000 | 0.014585 | 3.705415 | Actual/360 |
38 | Both | LMF | 1 | Hibiscus Plaza | 11/30/2020 | 10,420,000 | 01/01/2022 | No | 6,200,000 | 6,182,842 | 165 | 0.8% | 59.3% | 5,010,003 | 48.1% | 4.490000 | 0.014585 | 4.475415 | Actual/360 |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 11/30/2020 | 9,690,000 | Various | No | 5,800,000 | 5,800,000 | 5,853 | 0.7% | 59.9% | 5,010,996 | 51.7% | 3.950000 | 0.014585 | 3.935415 | Actual/360 |
39.01 | Property | LMF | 1 | Meadville Storage | 11/30/2020 | 3,610,000 | 11/07/2020 | 2,300,000 | 2,300,000 | 5,853 | 0.3% | 59.9% | 1,987,119 | 51.7% | 3.950000 | ||||
39.02 | Property | LMF | 1 | Johnstown Storage | 11/30/2020 | 3,340,000 | 11/07/2020 | 2,200,000 | 2,200,000 | 5,853 | 0.3% | 59.9% | 1,900,723 | 51.7% | 3.950000 | ||||
39.03 | Property | LMF | 1 | Cambria Storage | 11/30/2020 | 2,050,000 | 11/09/2020 | 1,300,000 | 1,300,000 | 5,853 | 0.2% | 59.9% | 1,123,154 | 51.7% | 3.950000 | ||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 11/30/2020 | 9,450,000 | 12/09/2020 | No | 5,700,000 | 5,700,000 | 7,745 | 0.7% | 60.3% | 5,700,000 | 60.3% | 3.490000 | 0.014585 | 3.475415 | Actual/360 |
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 12/31/2020 | 10,000,000 | 10/22/2019 | No | 5,800,000 | 5,680,882 | 71,011 | 0.7% | 56.8% | 4,305,004 | 43.1% | 4.800000 | 0.014585 | 4.785415 | Actual/360 |
42 | Both | Barclays | 1 | Gardens Club Apartments | 12/05/2020 | 8,550,000 | 11/05/2020 | No | 5,457,500 | 5,457,500 | 181,917 | 0.7% | 63.8% | 5,457,500 | 63.8% | 3.415000 | 0.014585 | 3.400415 | Actual/360 |
43 | Both | SMC | 1 | McCarthy Ranch | 07/31/2020 | 74,400,000 | 12/04/2019 | No | 5,000,000 | 5,000,000 | 169 | 0.6% | 60.5% | 5,000,000 | 60.5% | 3.694000 | 0.015835 | 3.678165 | Actual/360 |
44 | Both | KeyBank | 1 | Bear Creek Storage | 12/18/2020 | 11,400,000 | 12/29/2020 | No | 5,000,000 | 5,000,000 | 8,576 | 0.6% | 43.9% | 5,000,000 | 43.9% | 2.720000 | 0.023335 | 2.696665 | Actual/360 |
45 | Both | Barclays | 1 | Marbeya Business Park | 12/01/2020 | 10,300,000 | 11/20/2020 | No | 4,950,000 | 4,950,000 | 58 | 0.6% | 48.1% | 4,950,000 | 48.1% | 3.913000 | 0.014585 | 3.898415 | Actual/360 |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 12/02/2020 | 7,820,000 | Various | No | 4,580,000 | 4,561,416 | 105 | 0.6% | 58.3% | 3,685,854 | 47.1% | 4.370000 | 0.014585 | 4.355415 | Actual/360 |
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | 12/02/2020 | 2,450,000 | 10/14/2020 | 1,430,000 | 1,424,198 | 105 | 0.2% | 58.3% | 1,150,823 | 47.1% | 4.370000 | ||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | 12/02/2020 | 2,070,000 | 10/16/2020 | 1,320,000 | 1,314,644 | 105 | 0.2% | 58.3% | 1,062,298 | 47.1% | 4.370000 | ||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | 12/02/2020 | 1,800,000 | 10/13/2020 | 1,030,000 | 1,025,821 | 105 | 0.1% | 58.3% | 828,915 | 47.1% | 4.370000 | ||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | 12/02/2020 | 1,500,000 | 10/21/2020 | 800,000 | 796,754 | 105 | 0.1% | 58.3% | 643,817 | 47.1% | 4.370000 | ||||
47 | Both | LMF | 1 | 57 4th Avenue | 12/01/2020 | 6,300,000 | 12/03/2020 | No | 4,375,000 | 4,375,000 | 1,000 | 0.6% | 69.4% | 3,989,017 | 63.3% | 4.280000 | 0.014585 | 4.265415 | Actual/360 |
48 | Both | LMF | 1 | Plainfield Commons II | 10/09/2020 | 6,810,000 | 08/20/2020 | No | 3,800,000 | 3,800,000 | 271 | 0.5% | 55.8% | 3,450,595 | 50.7% | 4.035000 | 0.014585 | 4.020415 | Actual/360 |
49 | Both | SMC | 1 | Country Way Apartments | 01/22/2021 | 5,700,000 | 12/03/2020 | No | 3,500,000 | 3,500,000 | 25,000 | 0.4% | 61.4% | 2,927,711 | 51.4% | 3.756000 | 0.014585 | 3.741415 | Actual/360 |
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 12/09/2020 | 4,420,000 | 10/27/2020 | No | 3,225,000 | 3,225,000 | 32,250 | 0.4% | 73.0% | 2,642,137 | 59.8% | 4.018000 | 0.014585 | 4.003415 | Actual/360 |
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 12/28/2020 | 5,180,000 | 11/24/2020 | No | 3,220,000 | 3,220,000 | 5,227 | 0.4% | 62.2% | 2,768,876 | 53.5% | 3.760000 | 0.014585 | 3.745415 | Actual/360 |
51.01 | Property | SMC | 1 | Black Canyon Storage | 12/28/2020 | 3,070,000 | 11/24/2020 | 1,908,378 | 1,908,378 | 5,227 | 0.2% | 62.2% | 1,641,014 | 53.5% | 3.760000 | ||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | 12/28/2020 | 2,110,000 | 11/24/2020 | 1,311,622 | 1,311,622 | 5,227 | 0.2% | 62.2% | 1,127,863 | 53.5% | 3.760000 | ||||
52 | Both | Barclays | 1 | Cornerstone Apartments | 10/31/2020 | 4,900,000 | 09/09/2020 | No | 2,917,000 | 2,917,000 | 81,028 | 0.4% | 59.5% | 2,917,000 | 59.5% | 3.687000 | 0.014585 | 3.672415 | Actual/360 |
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | 12/17/2020 | 3,850,000 | 11/11/2020 | No | 2,775,000 | 2,768,218 | 61 | 0.3% | 71.9% | 2,568,608 | 66.7% | 5.250000 | 0.014585 | 5.235415 | Actual/360 |
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 11/01/2020 | 4,180,000 | 10/27/2020 | No | 2,700,000 | 2,684,464 | 53,689 | 0.3% | 64.2% | 1,952,477 | 46.7% | 4.118000 | 0.014585 | 4.103415 | Actual/360 |
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 12/11/2020 | 3,700,000 | 12/12/2020 | No | 2,535,000 | 2,535,000 | 7,659 | 0.3% | 68.5% | 2,168,908 | 58.6% | 4.570000 | 0.014585 | 4.555415 | Actual/360 |
56 | Both | LMF | 1 | Midtown Duplexes | 01/20/2021 | 2,790,000 | 08/12/2020 | No | 1,850,000 | 1,842,233 | 61,408 | 0.2% | 66.0% | 1,478,920 | 53.0% | 4.180000 | 0.014585 | 4.165415 | Actual/360 |
57 | Both | LMF | 1 | Oak Forest MHC | 01/05/2021 | 2,950,000 | 12/18/2020 | No | 1,800,000 | 1,800,000 | 17,143 | 0.2% | 61.0% | 1,731,327 | 58.7% | 5.760000 | 0.014585 | 5.745415 | Actual/360 |
A-1-2 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Monthly Debt Service Amount ($)(9) | Annual Debt Service Amount ($) | Note Date | First Payment Date | Partial IO Last IO Payment | Partial IO First P&I Payment | Original Term | Remaining Term | Original Amortization | Remaining Amortization | I/O Period | Seasoning | Amortization Type | Payment Date | Grace Period (Late Payment)(10) |
1 | Both | SGFC | 1 | The Atlantic | 219,000.51 | 2,628,006.12 | 01/28/2021 | 03/05/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 5 | 0 | ||
2 | Both | BSPRT | 1 | Saddleback Business Park | 164,592.19 | 1,975,106.28 | 12/17/2020 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 174,358.47 | 2,092,301.64 | 02/14/2020 | 04/05/2020 | 120 | 108 | 0 | 0 | 120 | 12 | ARD-Interest Only | 5 | 0 | ||
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 120 | 108 | 0 | 0 | 120 | 12 | |||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 120 | 108 | 0 | 0 | 120 | 12 | |||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | 180,997.75 | 2,171,973.00 | 01/28/2021 | 03/06/2021 | 02/06/2024 | 03/06/2024 | 120 | 119 | 360 | 360 | 36 | 1 | IO-Balloon | 6 | 0 |
5 | Both | BSPRT | 1 | Crescent Gateway | 153,326.87 | 1,839,922.44 | 02/03/2021 | 03/06/2021 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | 6 | 0 | ||
6 | Both | LMF | 1 | Tollway Towers | 169,178.56 | 2,030,142.72 | 12/04/2020 | 01/06/2021 | 12/06/2022 | 01/06/2023 | 120 | 117 | 360 | 360 | 24 | 3 | IO-Balloon | 6 | 0 |
7 | Both | Barclays | 1 | 1 Solutions Parkway | 125,735.29 | 1,508,823.48 | 01/25/2021 | 03/06/2021 | 02/06/2024 | 03/06/2024 | 120 | 119 | 360 | 360 | 36 | 1 | IO-Balloon | 6 | 0 |
8 | Both | BSPRT | 1 | Cypress Financial Center | 86,678.82 | 1,040,145.84 | 01/27/2021 | 03/06/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 6 | 0 | ||
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 163,330.66 | 1,959,967.92 | 01/29/2021 | 03/06/2021 | 120 | 119 | 240 | 239 | 0 | 1 | Balloon | 6 | 10 | ||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 73,117.61 | 877,411.32 | 01/29/2021 | 03/06/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 6 | 0 | ||
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 54,626.31 | 655,515.72 | 12/08/2020 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 85,861.70 | 1,030,340.40 | 12/23/2020 | 02/06/2021 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | 6 | 0 | ||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
13 | Both | LMF | 1 | Gardner Plaza | 85,678.01 | 1,028,136.12 | 01/26/2021 | 03/06/2021 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | 6 | 0 | ||
14 | Both | Barclays | 1 | 924 Overland Court | 41,353.15 | 496,237.80 | 01/06/2021 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
15 | Both | BSPRT | 1 | Seaport Homes | 39,626.16 | 475,513.92 | 02/03/2021 | 03/06/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 6 | 0 | ||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | 41,009.69 | 492,116.28 | 01/22/2021 | 03/01/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 1 | 5 | ||
17 | Both | SGFC | 1 | Bayshore Mixed Use | 65,829.16 | 789,949.92 | 02/01/2021 | 03/01/2021 | 02/01/2023 | 03/01/2023 | 120 | 119 | 360 | 360 | 24 | 1 | IO-Balloon | 1 | 0 |
18 | Both | Barclays | 1 | 3Y | 40,233.96 | 482,807.52 | 12/24/2020 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | 63,298.99 | 759,587.88 | 12/31/2020 | 02/06/2021 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | 6 | 0 | ||
19.01 | Property | LMF | 1 | Gary Tech | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
19.02 | Property | LMF | 1 | Remington | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
19.03 | Property | LMF | 1 | Deerpath | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
19.04 | Property | LMF | 1 | Messner | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
19.05 | Property | LMF | 1 | Janke | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
19.06 | Property | LMF | 1 | Saunders | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | 64,768.35 | 777,220.20 | 12/30/2020 | 02/01/2021 | 120 | 118 | 300 | 298 | 0 | 2 | Balloon | 1 | 0 | ||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | 120 | 118 | 300 | 298 | 0 | 2 | |||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | 120 | 118 | 300 | 298 | 0 | 2 | |||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | 120 | 118 | 300 | 298 | 0 | 2 | |||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 62,402.04 | 748,824.48 | 01/27/2021 | 03/06/2021 | 02/06/2026 | 03/06/2026 | 120 | 119 | 360 | 360 | 60 | 1 | IO-Balloon | 6 | 0 |
21.01 | Property | LMF | 1 | Van Manor MHC | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
21.02 | Property | LMF | 1 | Preston MHC | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | 58,380.80 | 700,569.60 | 01/15/2021 | 03/01/2021 | 02/01/2026 | 03/01/2026 | 120 | 119 | 360 | 360 | 60 | 1 | IO-Balloon | 1 | 0 |
22.01 | Property | KeyBank | 1 | Round Rock | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
22.02 | Property | KeyBank | 1 | South Mopac | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | 120 | 119 | 360 | 360 | 60 | 1 | |||||||||
23 | Both | Barclays | 1 | Melrose Apartments | 39,382.19 | 472,586.28 | 12/29/2020 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | 50,346.77 | 604,161.24 | 12/31/2020 | 02/06/2021 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | 6 | 0 | ||
24.01 | Property | SMC | 1 | Lakeview Terrace | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
24.05 | Property | SMC | 1 | Bannock MHC | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | 48,122.09 | 577,465.08 | 01/08/2020 | 02/06/2020 | 120 | 106 | 360 | 346 | 0 | 14 | Balloon | 6 | 0 | ||
26 | Both | LMF | 1 | Hazle Marketplace | 28,665.60 | 343,987.20 | 12/03/2020 | 01/06/2021 | 120 | 117 | 0 | 0 | 120 | 3 | Interest Only | 6 | 5 | ||
27 | Both | KeyBank | 1 | Centennial Hills | 44,505.93 | 534,071.16 | 01/13/2021 | 03/01/2021 | 02/01/2026 | 03/01/2026 | 120 | 119 | 360 | 360 | 60 | 1 | IO-Balloon | 1 | 0 |
28 | Both | SGFC | 1 | Park Plaza | 46,084.88 | 553,018.56 | 12/18/2020 | 02/01/2021 | 01/01/2026 | 02/01/2026 | 120 | 118 | 360 | 360 | 60 | 2 | IO-Balloon | 1 | 0 |
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 45,766.77 | 549,201.24 | 12/09/2020 | 02/06/2021 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | 6 | 0 | ||
29.01 | Property | Barclays | 1 | Lakewood Estates | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
29.02 | Property | Barclays | 1 | Sea Pines | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
29.03 | Property | Barclays | 1 | Heritage Point | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | 120 | 118 | 360 | 358 | 0 | 2 | |||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | 40,851.30 | 490,215.60 | 02/03/2021 | 03/06/2021 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | 6 | 0 | ||
31 | Both | SGFC | 1 | Rowmark HQ | 42,523.95 | 510,287.40 | 01/08/2021 | 03/01/2021 | 02/01/2026 | 03/01/2026 | 120 | 119 | 360 | 360 | 60 | 1 | IO-Balloon | 1 | 5 |
32 | Both | LMF | 1 | De Portola Medical Office | 43,422.51 | 521,070.12 | 02/01/2021 | 03/06/2021 | 02/06/2023 | 03/06/2023 | 120 | 119 | 360 | 360 | 24 | 1 | IO-Balloon | 6 | 0 |
33 | Both | Barclays | 1 | Arnold Industrial Park | 24,887.59 | 298,651.08 | 01/07/2021 | 03/06/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 6 | 0 | ||
34 | Both | LMF | 1 | 126 Franklin Avenue | 22,297.11 | 267,565.32 | 01/27/2021 | 03/06/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 6 | 0 | ||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 19,517.36 | 234,208.32 | 12/23/2020 | 02/01/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 1 | 0 | ||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | 21,104.10 | 253,249.20 | 02/01/2021 | 03/01/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 1 | 0 | ||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | 120 | 119 | 0 | 0 | 120 | 1 | |||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | 120 | 119 | 0 | 0 | 120 | 1 | |||||||||
37 | Both | Barclays | 1 | Holly Village | 29,991.97 | 359,903.64 | 01/08/2021 | 03/06/2021 | 120 | 119 | 360 | 359 | 0 | 1 | Balloon | 6 | 0 | ||
38 | Both | LMF | 1 | Hibiscus Plaza | 31,377.66 | 376,531.92 | 01/08/2021 | 02/06/2021 | 120 | 118 | 360 | 358 | 0 | 2 | Balloon | 6 | 0 | ||
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 27,523.16 | 330,277.92 | 12/21/2020 | 02/06/2021 | 01/06/2024 | 02/06/2024 | 120 | 118 | 360 | 360 | 36 | 2 | IO-Balloon | 6 | 0 |
39.01 | Property | LMF | 1 | Meadville Storage | 120 | 118 | 360 | 360 | 36 | 2 | |||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | 120 | 118 | 360 | 360 | 36 | 2 | |||||||||
39.03 | Property | LMF | 1 | Cambria Storage | 120 | 118 | 360 | 360 | 36 | 2 | |||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 16,807.74 | 201,692.92 | 12/21/2020 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 33,233.82 | 398,805.84 | 02/28/2020 | 04/06/2020 | 120 | 108 | 300 | 288 | 0 | 12 | Balloon | 6 | 0 | ||
42 | Both | Barclays | 1 | Gardens Club Apartments | 15,746.85 | 188,962.20 | 12/16/2020 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
43 | Both | SMC | 1 | McCarthy Ranch | 15,605.44 | 187,265.28 | 01/24/2020 | 03/06/2020 | 120 | 107 | 0 | 0 | 120 | 13 | Interest Only | 6 | 0 | ||
44 | Both | KeyBank | 1 | Bear Creek Storage | 11,490.74 | 137,888.88 | 02/01/2021 | 03/01/2021 | 120 | 119 | 0 | 0 | 120 | 1 | Interest Only | 1 | 0 | ||
45 | Both | Barclays | 1 | Marbeya Business Park | 16,365.31 | 196,383.72 | 01/11/2021 | 02/06/2021 | 120 | 118 | 0 | 0 | 120 | 2 | Interest Only | 6 | 0 | ||
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 22,853.76 | 274,245.12 | 12/02/2020 | 01/06/2021 | 120 | 117 | 360 | 357 | 0 | 3 | Balloon | 6 | 0 | ||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | 120 | 117 | 360 | 357 | 0 | 3 | |||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | 120 | 117 | 360 | 357 | 0 | 3 | |||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | 120 | 117 | 360 | 357 | 0 | 3 | |||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | 120 | 117 | 360 | 357 | 0 | 3 | |||||||||
47 | Both | LMF | 1 | 57 4th Avenue | 21,599.28 | 259,191.36 | 12/22/2020 | 02/06/2021 | 01/06/2026 | 02/06/2026 | 120 | 118 | 360 | 360 | 60 | 2 | IO-Balloon | 6 | 5 |
48 | Both | LMF | 1 | Plainfield Commons II | 18,218.54 | 218,622.48 | 10/26/2020 | 12/06/2020 | 11/06/2025 | 12/06/2025 | 120 | 116 | 360 | 360 | 60 | 4 | IO-Balloon | 6 | 0 |
49 | Both | SMC | 1 | Country Way Apartments | 16,220.96 | 194,651.52 | 01/26/2021 | 03/06/2021 | 02/06/2023 | 03/06/2023 | 120 | 119 | 360 | 360 | 24 | 1 | IO-Balloon | 6 | 0 |
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 15,430.13 | 185,161.56 | 12/15/2020 | 02/06/2021 | 01/06/2022 | 02/06/2022 | 120 | 118 | 360 | 360 | 12 | 2 | IO-Balloon | 6 | 5 (once per twelve calendar months) |
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 14,930.60 | 179,167.20 | 12/30/2020 | 02/06/2021 | 01/06/2024 | 02/06/2024 | 120 | 118 | 360 | 360 | 36 | 2 | IO-Balloon | 6 | 0 |
51.01 | Property | SMC | 1 | Black Canyon Storage | 120 | 118 | 360 | 360 | 36 | 2 | |||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | 120 | 118 | 360 | 360 | 36 | 2 | |||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | 9,086.96 | 109,043.52 | 11/02/2020 | 12/06/2020 | 120 | 116 | 0 | 0 | 120 | 4 | Interest Only | 6 | 0 | ||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | 15,323.65 | 183,883.80 | 12/17/2020 | 02/06/2021 | 60 | 58 | 360 | 358 | 0 | 2 | Balloon | 6 | 0 | ||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 14,428.10 | 173,137.20 | 11/17/2020 | 01/06/2021 | 120 | 117 | 300 | 297 | 0 | 3 | Balloon | 6 | 0 | ||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 12,950.12 | 155,401.44 | 01/22/2021 | 03/06/2021 | 02/06/2023 | 03/06/2023 | 120 | 119 | 360 | 360 | 24 | 1 | IO-Balloon | 6 | 0 |
56 | Both | LMF | 1 | Midtown Duplexes | 9,025.24 | 108,302.88 | 11/24/2020 | 01/06/2021 | 120 | 117 | 360 | 357 | 0 | 3 | Balloon | 6 | 10 | ||
57 | Both | LMF | 1 | Oak Forest MHC | 10,515.75 | 126,189.00 | 01/27/2021 | 03/06/2021 | 02/06/2023 | 03/06/2023 | 60 | 59 | 360 | 360 | 24 | 1 | IO-Balloon | 6 | 0 |
A-1-3 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Grace Period (Default) | Maturity/ARD Date | ARD Loan(11) | Final Maturity Date | Prepayment Provisions(12) | Pari Passu (Y/N) | Pari Passu Note Control (Y/N) | Original Balance Piece In Trust ($) | Original Balance Piece Non-Trust ($) | Total Original Balance Pari Passu Debt ($) | Total Current Balance Pari Passu Debt ($) | Additional Debt Permitted (Y/N)(13) |
1 | Both | SGFC | 1 | The Atlantic | 0 | 02/05/2031 | No | 02/05/2031 | L(25),Grtr1%orYM(91),O(4) | Yes | No | 75,000,000 | 50,000,000 | 125,000,000 | 125,000,000 | No |
2 | Both | BSPRT | 1 | Saddleback Business Park | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 0 | 03/05/2030 | Yes | 03/05/2032 | Grtr0.5%orYM(35), DeforGrtr0.5%orYM(78),O(7) | Yes | No | 58,000,000 | 1,576,200,000 | 1,634,200,000 | 1,634,200,000 | Yes |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | ||||||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | ||||||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
5 | Both | BSPRT | 1 | Crescent Gateway | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | Yes | Yes | 32,000,000 | 16,000,000 | 48,000,000 | 47,920,463 | No |
6 | Both | LMF | 1 | Tollway Towers | 0 | 12/06/2030 | No | 12/06/2030 | L(27),Def(89),O(4) | No | NAP | Yes | ||||
7 | Both | Barclays | 1 | 1 Solutions Parkway | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(88),O(7) | No | NAP | No | ||||
8 | Both | BSPRT | 1 | Cypress Financial Center | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Grtr1%orYM(88),O(7) | No | NAP | No | ||||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | ||||||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | ||||||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | ||||||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | ||||||||||||
13 | Both | LMF | 1 | Gardner Plaza | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(90),O(5) | No | NAP | No | ||||
14 | Both | Barclays | 1 | 924 Overland Court | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
15 | Both | BSPRT | 1 | Seaport Homes | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | Yes | No | 14,000,000 | 18,000,000 | 32,000,000 | 32,000,000 | No |
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | 5 | 02/01/2031 | No | 02/01/2031 | L(25),Def(89),O(6) | No | NAP | No | ||||
17 | Both | SGFC | 1 | Bayshore Mixed Use | 0 | 02/01/2031 | No | 02/01/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
18 | Both | Barclays | 1 | 3Y | 0 | 01/06/2031 | No | 01/06/2031 | L(23),Grtr1%orYM(93),O(4) | No | NAP | No | ||||
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
19.01 | Property | LMF | 1 | Gary Tech | ||||||||||||
19.02 | Property | LMF | 1 | Remington | ||||||||||||
19.03 | Property | LMF | 1 | Deerpath | ||||||||||||
19.04 | Property | LMF | 1 | Messner | ||||||||||||
19.05 | Property | LMF | 1 | Janke | ||||||||||||
19.06 | Property | LMF | 1 | Saunders | ||||||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | 0 | 01/01/2031 | No | 01/01/2031 | L(25),Grtr1%orYM(92),O(3) | No | NAP | No | ||||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | ||||||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | ||||||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | ||||||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
21.01 | Property | LMF | 1 | Van Manor MHC | ||||||||||||
21.02 | Property | LMF | 1 | Preston MHC | ||||||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | ||||||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | ||||||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | 0 | 02/01/2031 | No | 02/01/2031 | L(25),Def(92),O(3) | No | NAP | No | ||||
22.01 | Property | KeyBank | 1 | Round Rock | ||||||||||||
22.02 | Property | KeyBank | 1 | South Mopac | ||||||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | ||||||||||||
23 | Both | Barclays | 1 | Melrose Apartments | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(89),O(5) | No | NAP | Yes | ||||
24.01 | Property | SMC | 1 | Lakeview Terrace | ||||||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | ||||||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | ||||||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | ||||||||||||
24.05 | Property | SMC | 1 | Bannock MHC | ||||||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | 0 | 01/06/2030 | No | 01/06/2030 | L(38),Def(78),O(4) | No | NAP | No | ||||
26 | Both | LMF | 1 | Hazle Marketplace | 0 | 12/06/2030 | No | 12/06/2030 | L(23),Grtr1%orYM(93),O(4) | No | NAP | No | ||||
27 | Both | KeyBank | 1 | Centennial Hills | 0 | 02/01/2031 | No | 02/01/2031 | L(25),Def(92),O(3) | No | NAP | No | ||||
28 | Both | SGFC | 1 | Park Plaza | 0 | 01/01/2031 | No | 01/01/2031 | L(26),Def(91),O(3) | No | NAP | No | ||||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 0 | 01/06/2031 | No | 01/06/2031 | L(35),Def(81),O(4) | No | NAP | No | ||||
29.01 | Property | Barclays | 1 | Lakewood Estates | ||||||||||||
29.02 | Property | Barclays | 1 | Sea Pines | ||||||||||||
29.03 | Property | Barclays | 1 | Heritage Point | ||||||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | ||||||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
31 | Both | SGFC | 1 | Rowmark HQ | 5 | 02/01/2031 | No | 02/01/2031 | L(25),DeforGrtr1%orYM(88),O(7) | No | NAP | Yes | ||||
32 | Both | LMF | 1 | De Portola Medical Office | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
33 | Both | Barclays | 1 | Arnold Industrial Park | 0 | 02/06/2031 | No | 02/06/2031 | L(35),Def(81),O(4) | No | NAP | No | ||||
34 | Both | LMF | 1 | 126 Franklin Avenue | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 0 | 01/01/2031 | No | 01/01/2031 | L(25),Grtr1%orYM(92),O(3) | No | NAP | No | ||||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | 5 | 02/01/2031 | No | 02/01/2031 | L(25),Def(92),O(3) | No | NAP | No | ||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | ||||||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | ||||||||||||
37 | Both | Barclays | 1 | Holly Village | 0 | 02/06/2031 | No | 02/06/2031 | L(35),Def(81),O(4) | No | NAP | No | ||||
38 | Both | LMF | 1 | Hibiscus Plaza | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
39.01 | Property | LMF | 1 | Meadville Storage | ||||||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | ||||||||||||
39.03 | Property | LMF | 1 | Cambria Storage | ||||||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 0 | 03/06/2030 | No | 03/06/2030 | L(35),Grtr1%orYM(1),Def(80),O(4) | No | NAP | No | ||||
42 | Both | Barclays | 1 | Gardens Club Apartments | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(87),O(7) | No | NAP | No | ||||
43 | Both | SMC | 1 | McCarthy Ranch | 0 | 02/06/2030 | No | 02/06/2030 | L(35),Def(81),O(4) | Yes | No | 5,000,000 | 40,000,000 | 45,000,000 | 45,000,000 | No |
44 | Both | KeyBank | 1 | Bear Creek Storage | 0 | 02/01/2031 | No | 02/01/2031 | L(25),Grtr1%orYM(92),O(3) | No | NAP | No | ||||
45 | Both | Barclays | 1 | Marbeya Business Park | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(87),O(7) | No | NAP | No | ||||
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 0 | 12/06/2030 | No | 12/06/2030 | L(23),Grtr1%orYM(90),O(7) | No | NAP | No | ||||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | ||||||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | ||||||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | ||||||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | ||||||||||||
47 | Both | LMF | 1 | 57 4th Avenue | 0 | 01/06/2031 | No | 01/06/2031 | L(23),Grtr1%orYM(90),O(7) | No | NAP | No | ||||
48 | Both | LMF | 1 | Plainfield Commons II | 0 | 11/06/2030 | No | 11/06/2030 | L(28),Def(88),O(4) | No | NAP | No | ||||
49 | Both | SMC | 1 | Country Way Apartments | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Grtr1%orYM(89),O(6) | No | NAP | Yes | ||||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 0 | 01/06/2031 | No | 01/06/2031 | L(26),Def(90),O(4) | No | NAP | No | ||||
51.01 | Property | SMC | 1 | Black Canyon Storage | ||||||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | ||||||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | 0 | 11/06/2030 | No | 11/06/2030 | L(35),Def(81),O(4) | No | NAP | No | ||||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | 0 | 01/06/2026 | No | 01/06/2026 | L(26),Def(30),O(4) | No | NAP | No | ||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 0 | 12/06/2030 | No | 12/06/2030 | L(35),Def(81),O(4) | No | NAP | No | ||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 0 | 02/06/2031 | No | 02/06/2031 | L(25),Def(91),O(4) | No | NAP | No | ||||
56 | Both | LMF | 1 | Midtown Duplexes | 0 | 12/06/2030 | No | 12/06/2030 | L(27),Def(89),O(4) | No | NAP | No | ||||
57 | Both | LMF | 1 | Oak Forest MHC | 0 | 02/06/2026 | No | 02/06/2026 | L(25),Def(31),O(4) | No | NAP | No |
A-1-4 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Additional Debt Exist (Y/N)(13) | Additional Debt Type(s)(13) | Additional Debt Current Balance ($) | Additional Debt Interest Rate % | Total Debt Current Balance ($) | Total Debt UW NCF DSCR (x) | Total Debt Current LTV (%) | Total Debt UW NOI Debt Yield (%) | Current U/W NOI Debt Yield (%) | Current U/W NCF Debt Yield (%) | U/W NOI DSCR (x)(14) | U/W NCF DSCR (x)(14) | U/W Economic Occupancy (%) |
1 | Both | SGFC | 1 | The Atlantic | Yes | Mezzanine | 40,000,000 | 6.77000 | 165,000,000 | 1.25 | 64.0% | 5.5% | 7.2% | 7.1% | 2.06 | 2.04 | 79.6% |
2 | Both | BSPRT | 1 | Saddleback Business Park | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.9% | 9.2% | 2.92 | 2.72 | 94.0% |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | Yes | B-Notes ($804,400,000)/C-Notes ($561,400,000) | 1,365,800,000 | 3.55800 | 3,000,000,000 | 2.70 | 65.2% | 9.7% | 17.9% | 17.9% | 4.95 | 4.95 | 92.1% |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 91.4% | ||||||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 92.8% | ||||||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7.1% | 7.0% | 1.29 | 1.27 | 96.1% |
5 | Both | BSPRT | 1 | Crescent Gateway | No | NAP | NAP | NAP | 47,920,463 | 1.42 | 63.6% | 8.5% | 8.5% | 8.2% | 1.48 | 1.42 | 84.6% |
6 | Both | LMF | 1 | Tollway Towers | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.5% | 8.9% | 1.58 | 1.34 | 83.0% |
7 | Both | Barclays | 1 | 1 Solutions Parkway | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.0% | 9.0% | 1.85 | 1.68 | 95.0% |
8 | Both | BSPRT | 1 | Cypress Financial Center | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12.1% | 10.8% | 3.21 | 2.88 | 89.4% |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.1% | 10.0% | 1.41 | 1.40 | 95.0% |
10 | Both | Barclays | 1 | 200 St. Paul Plaza | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12.6% | 10.5% | 3.48 | 2.91 | 90.0% |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.9% | 8.6% | 2.77 | 2.69 | 93.5% |
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.4% | 8.2% | 1.42 | 1.40 | 82.2% |
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | 88.4% | ||||||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | 79.3% | ||||||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | 84.2% | ||||||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | 74.3% | ||||||||||||
13 | Both | LMF | 1 | Gardner Plaza | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.2% | 9.8% | 1.70 | 1.63 | 90.0% |
14 | Both | Barclays | 1 | 924 Overland Court | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12.5% | 11.0% | 4.06 | 3.57 | 95.0% |
15 | Both | BSPRT | 1 | Seaport Homes | No | NAP | NAP | NAP | 32,000,000 | 2.62 | 50.4% | 9.1% | 9.1% | 8.9% | 2.67 | 2.62 | 95.0% |
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.9% | 8.8% | 2.48 | 2.45 | 87.2% |
17 | Both | SGFC | 1 | Bayshore Mixed Use | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.3% | 8.7% | 1.61 | 1.50 | 92.4% |
18 | Both | Barclays | 1 | 3Y | Yes | Mezzanine | 4,354,348 | 11.00000 | 17,979,348 | 1.28 | 74.9% | 8.7% | 11.5% | 10.1% | 3.26 | 2.86 | 93.5% |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 14.2% | 12.2% | 2.45 | 2.10 | 89.2% |
19.01 | Property | LMF | 1 | Gary Tech | 92.0% | ||||||||||||
19.02 | Property | LMF | 1 | Remington | 92.0% | ||||||||||||
19.03 | Property | LMF | 1 | Deerpath | 76.7% | ||||||||||||
19.04 | Property | LMF | 1 | Messner | 95.2% | ||||||||||||
19.05 | Property | LMF | 1 | Janke | 95.0% | ||||||||||||
19.06 | Property | LMF | 1 | Saunders | 94.0% | ||||||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.9% | 9.6% | 1.63 | 1.58 | 86.3% |
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | 90.0% | ||||||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | 90.0% | ||||||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | 76.1% | ||||||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.3% | 10.1% | 1.74 | 1.71 | 90.6% |
21.01 | Property | LMF | 1 | Van Manor MHC | 96.2% | ||||||||||||
21.02 | Property | LMF | 1 | Preston MHC | 91.8% | ||||||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | 88.6% | ||||||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | 85.6% | ||||||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.4% | 10.1% | 1.83 | 1.79 | 95.0% |
22.01 | Property | KeyBank | 1 | Round Rock | 95.0% | ||||||||||||
22.02 | Property | KeyBank | 1 | South Mopac | 95.0% | ||||||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | 95.0% | ||||||||||||
23 | Both | Barclays | 1 | Melrose Apartments | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.5% | 8.1% | 2.20 | 2.09 | 90.0% |
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11.8% | 11.4% | 2.05 | 1.97 | 71.1% |
24.01 | Property | SMC | 1 | Lakeview Terrace | 71.6% | ||||||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | 69.8% | ||||||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | 91.5% | ||||||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | 68.3% | ||||||||||||
24.05 | Property | SMC | 1 | Bannock MHC | 56.2% | ||||||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11.4% | 10.9% | 2.03 | 1.94 | 95.0% |
26 | Both | LMF | 1 | Hazle Marketplace | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12.2% | 10.8% | 3.65 | 3.21 | 92.4% |
27 | Both | KeyBank | 1 | Centennial Hills | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.9% | 9.7% | 1.88 | 1.86 | 95.0% |
28 | Both | SGFC | 1 | Park Plaza | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.8% | 9.2% | 1.78 | 1.66 | 95.0% |
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.6% | 9.0% | 1.62 | 1.53 | 70.2% |
29.01 | Property | Barclays | 1 | Lakewood Estates | 82.4% | ||||||||||||
29.02 | Property | Barclays | 1 | Sea Pines | 84.9% | ||||||||||||
29.03 | Property | Barclays | 1 | Heritage Point | 83.2% | ||||||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | 39.1% | ||||||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11.8% | 11.0% | 2.20 | 2.06 | 93.0% |
31 | Both | SGFC | 1 | Rowmark HQ | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.9% | 9.2% | 1.76 | 1.65 | 95.0% |
32 | Both | LMF | 1 | De Portola Medical Office | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.2% | 8.8% | 1.49 | 1.44 | 100.0% |
33 | Both | Barclays | 1 | Arnold Industrial Park | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12.2% | 10.9% | 3.28 | 2.93 | 95.0% |
34 | Both | LMF | 1 | 126 Franklin Avenue | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.2% | 8.0% | 2.14 | 2.10 | 97.5% |
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 14.9% | 12.8% | 4.46 | 3.81 | 92.5% |
36 | Loan | KeyBank | 2 | Walgreens Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.4% | 8.3% | 2.28 | 2.25 | 97.0% |
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | 97.0% | ||||||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | 97.0% | ||||||||||||
37 | Both | Barclays | 1 | Holly Village | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.8% | 9.6% | 1.77 | 1.74 | 85.4% |
38 | Both | LMF | 1 | Hibiscus Plaza | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.6% | 9.4% | 1.58 | 1.54 | 95.5% |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.8% | 10.4% | 1.89 | 1.83 | 81.1% |
39.01 | Property | LMF | 1 | Meadville Storage | 86.2% | ||||||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | 82.2% | ||||||||||||
39.03 | Property | LMF | 1 | Cambria Storage | 73.1% | ||||||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.1% | 8.9% | 2.57 | 2.53 | 89.8% |
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 14.2% | 12.7% | 2.02 | 1.81 | 71.0% |
42 | Both | Barclays | 1 | Gardens Club Apartments | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7.9% | 7.8% | 2.28 | 2.24 | 95.0% |
43 | Both | SMC | 1 | McCarthy Ranch | No | NAP | NAP | NAP | 45,000,000 | 2.11 | 60.5% | 8.5% | 8.5% | 7.9% | 2.26 | 2.11 | 84.5% |
44 | Both | KeyBank | 1 | Bear Creek Storage | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 13.2% | 13.0% | 4.78 | 4.73 | 90.0% |
45 | Both | Barclays | 1 | Marbeya Business Park | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12.6% | 11.3% | 3.17 | 2.86 | 71.5% |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11.2% | 10.1% | 1.86 | 1.68 | 100.0% |
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | 100.0% | ||||||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | 100.0% | ||||||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | 100.0% | ||||||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | 100.0% | ||||||||||||
47 | Both | LMF | 1 | 57 4th Avenue | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7.2% | 7.2% | 1.22 | 1.21 | 96.1% |
48 | Both | LMF | 1 | Plainfield Commons II | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.8% | 10.6% | 1.88 | 1.84 | 88.5% |
49 | Both | SMC | 1 | Country Way Apartments | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11.5% | 10.5% | 2.06 | 1.88 | 86.0% |
50 | Both | Barclays | 1 | Amberwood Hills Apartments | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.3% | 8.4% | 1.63 | 1.47 | 95.0% |
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.7% | 8.5% | 1.57 | 1.53 | 71.7% |
51.01 | Property | SMC | 1 | Black Canyon Storage | 73.7% | ||||||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | 69.8% | ||||||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8.3% | 7.9% | 2.23 | 2.12 | 95.0% |
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.0% | 9.3% | 1.51 | 1.40 | 95.0% |
54 | Both | Barclays | 1 | Arcadia Cove Apartments | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10.0% | 9.7% | 1.56 | 1.50 | 96.0% |
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.5% | 9.2% | 1.55 | 1.50 | 89.6% |
56 | Both | LMF | 1 | Midtown Duplexes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9.1% | 8.8% | 1.55 | 1.49 | 96.0% |
57 | Both | LMF | 1 | Oak Forest MHC | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11.9% | 11.4% | 1.70 | 1.63 | 77.3% |
A-1-5 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HISTORICAL FINANCIALS(17) | ||||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | U/W Revenues ($)(15) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Capital Items ($)(16) | U/W Net Cash Flow ($) | Most Recent Revenues ($) | Most Recent Expenses ($) | Most Recent NOI ($) | As of | 2019 Revenues ($) | 2019 Expenses ($) | 2019 NOI ($) | 2018 Revenues ($) | 2018 Expenses ($) |
1 | Both | SGFC | 1 | The Atlantic | 12,029,884 | 3,016,639 | 9,013,244 | 79,746 | 8,933,498 | NAV | NAV | NAV | NAV | |||||
2 | Both | BSPRT | 1 | Saddleback Business Park | 7,470,682 | 1,701,709 | 5,768,973 | 396,934 | 5,372,039 | 7,446,450 | 1,625,419 | 5,821,031 | TTM 10/31/2020 | 6,997,924 | 1,523,425 | 5,474,499 | 6,706,736 | 1,446,670 |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 32,774,592 | 487,305,761 | 1,157,516,861 | 935,475,514 | 222,041,347 | TTM 09/30/2020 | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 2,191,540,530 | 1,574,171,264 |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 1,161,850,748 | 879,242,083 | 282,608,665 | 16,011,953 | 266,596,712 | 662,869,240 | 533,910,560 | 128,958,680 | TTM 09/30/2020 | 1,161,850,748 | 879,242,083 | 282,608,665 | 1,226,105,346 | 854,539,115 |
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 944,444,740 | 706,973,052 | 237,471,688 | 16,762,639 | 220,709,049 | 494,647,621 | 401,564,954 | 93,082,667 | TTM 09/30/2020 | 944,444,740 | 706,973,052 | 237,471,688 | 965,435,184 | 719,632,149 |
4 | Both | SMC | 1 | 744 Bedford Avenue | 3,291,906 | 485,274 | 2,806,632 | 42,800 | 2,763,832 | 1,326,259 | 179,048 | 1,147,211 | T10 Annualized 12/31/2020 | |||||
5 | Both | BSPRT | 1 | Crescent Gateway | 6,120,547 | 2,037,978 | 4,082,569 | 173,663 | 3,908,906 | 5,713,736 | 1,943,150 | 3,770,586 | 12/31/2020 | 6,249,995 | 2,017,041 | 4,232,954 | 6,354,201 | 2,180,376 |
6 | Both | LMF | 1 | Tollway Towers | 6,443,583 | 3,230,736 | 3,212,847 | 484,242 | 2,728,605 | 6,399,042 | 3,117,910 | 3,281,132 | TTM 10/31/2020 | 6,084,656 | 3,145,156 | 2,939,501 | 5,528,276 | 2,992,040 |
7 | Both | Barclays | 1 | 1 Solutions Parkway | 3,889,800 | 1,098,620 | 2,791,180 | 258,861 | 2,532,319 | 3,953,897 | 1,044,749 | 2,909,149 | 12/31/2020 | 3,928,247 | 1,120,580 | 2,807,667 | 3,452,828 | 777,565 |
8 | Both | BSPRT | 1 | Cypress Financial Center | 5,894,784 | 2,558,338 | 3,336,446 | 345,921 | 2,990,525 | 4,893,318 | 2,078,866 | 2,814,452 | TTM 11/30/2020 | 4,450,687 | 2,188,778 | 2,261,909 | 4,166,953 | 2,048,207 |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 2,828,150 | 56,563 | 2,771,587 | 20,453 | 2,751,134 | 4,385,360 | 178,834 | 4,206,526 | TTM 6/30/2020 | 4,400,944 | 179,163 | 4,221,781 | 4,381,706 | 178,869 |
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 7,836,260 | 4,780,598 | 3,055,663 | 503,527 | 2,552,136 | 7,753,111 | 4,357,331 | 3,395,780 | TTM 11/30/2020 | 8,299,897 | 4,790,109 | 3,509,788 | 8,203,190 | 4,659,824 |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 3,138,416 | 1,323,469 | 1,814,946 | 49,860 | 1,765,086 | 3,073,858 | 1,300,262 | 1,773,596 | TTM 10/31/2020 | 2,727,638 | 1,309,187 | 1,418,451 | 2,380,525 | 1,374,854 |
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 2,491,996 | 1,024,275 | 1,467,722 | 28,809 | 1,438,913 | 2,444,646 | 1,050,038 | 1,394,609 | TTM 12/31/2020 | 2,159,910 | 1,089,029 | 1,070,881 | 1,988,367 | 998,598 |
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | 776,059 | 290,273 | 485,785 | 8,810 | 476,975 | 759,317 | 297,633 | 461,684 | TTM 12/31/2020 | 633,037 | 322,220 | 310,817 | 554,960 | 285,216 |
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | 645,714 | 253,261 | 392,453 | 8,859 | 383,594 | 639,655 | 259,006 | 380,649 | TTM 12/31/2020 | 599,403 | 263,921 | 335,482 | 595,090 | 249,898 |
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | 630,228 | 250,309 | 379,919 | 6,700 | 373,219 | 610,237 | 255,036 | 355,201 | TTM 12/31/2020 | 550,128 | 265,233 | 284,895 | 493,112 | 242,773 |
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | 439,996 | 230,432 | 209,564 | 4,439 | 205,125 | 435,437 | 238,363 | 197,074 | TTM 12/31/2020 | 377,342 | 237,655 | 139,687 | 345,205 | 220,710 |
13 | Both | LMF | 1 | Gardner Plaza | 2,231,756 | 483,043 | 1,748,713 | 75,979 | 1,672,734 | 940,764 | 219,226 | 721,538 | TTM 12/31/2020 | |||||
14 | Both | Barclays | 1 | 924 Overland Court | 2,683,626 | 668,034 | 2,015,592 | 242,077 | 1,773,514 | 2,466,596 | 734,908 | 1,731,688 | T3 Annualized 11/30/2020 | 2,300,208 | 531,068 | 1,769,140 | 187,160 | 443,420 |
15 | Both | BSPRT | 1 | Seaport Homes | 3,902,260 | 1,003,729 | 2,898,531 | 47,600 | 2,850,931 | 3,982,991 | 1,005,233 | 2,977,758 | 12/31/2020 | 3,864,950 | 980,548 | 2,884,402 | 3,756,142 | 956,561 |
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | 1,762,668 | 544,384 | 1,218,284 | 10,536 | 1,207,748 | 1,557,637 | 483,133 | 1,074,504 | TTM 12/31/2020 | 980,269 | 490,732 | 489,537 | ||
17 | Both | SGFC | 1 | Bayshore Mixed Use | 1,705,345 | 433,719 | 1,271,626 | 86,085 | 1,185,541 | NAV | NAV | NAV | NAV | |||||
18 | Both | Barclays | 1 | 3Y | 2,230,440 | 657,282 | 1,573,157 | 191,254 | 1,381,903 | 2,131,169 | 604,809 | 1,526,360 | TTM 10/31/2020 | 987,189 | 605,705 | 381,484 | 919,017 | 555,180 |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | 2,953,124 | 1,095,251 | 1,857,873 | 264,429 | 1,593,445 | 2,821,227 | 985,058 | 1,836,169 | Various | 2,265,462 | 861,366 | 1,404,096 | 1,937,871 | 803,349 |
19.01 | Property | LMF | 1 | Gary Tech | 773,521 | 230,618 | 542,903 | 51,192 | 491,711 | 818,551 | 220,023 | 598,528 | T11 Annualized 11/30/2020 | 836,932 | 245,442 | 591,490 | 678,807 | 227,075 |
19.02 | Property | LMF | 1 | Remington | 626,266 | 215,185 | 411,081 | 27,900 | 383,181 | 423,477 | 172,227 | 251,250 | T11 Annualized 11/30/2020 | |||||
19.03 | Property | LMF | 1 | Deerpath | 606,320 | 205,543 | 400,777 | 117,932 | 282,845 | 759,082 | 197,599 | 561,484 | TTM 11/30/2020 | 640,498 | 202,396 | 438,102 | 662,282 | 208,202 |
19.04 | Property | LMF | 1 | Messner | 409,185 | 223,204 | 185,981 | 17,166 | 168,816 | 372,578 | 187,144 | 185,435 | T11 Annualized 11/30/2020 | 419,309 | 209,085 | 210,223 | 257,798 | 163,294 |
19.05 | Property | LMF | 1 | Janke | 235,818 | 96,871 | 138,948 | 13,803 | 125,145 | 247,442 | 95,171 | 152,271 | TTM 11/30/2020 | 228,638 | 94,221 | 134,417 | 229,280 | 96,519 |
19.06 | Property | LMF | 1 | Saunders | 302,014 | 123,830 | 178,184 | 36,437 | 141,747 | 200,097 | 112,895 | 87,201 | TTM 12/31/2020 | 140,086 | 110,222 | 29,864 | 109,704 | 108,258 |
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | 2,018,156 | 754,067 | 1,264,089 | 38,203 | 1,225,886 | 2,048,990 | 614,144 | 1,434,846 | TTM 11/30/2020 | 2,044,118 | 628,557 | 1,415,561 | 2,015,836 | 695,755 |
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | 769,123 | 256,767 | 512,356 | 13,457 | 498,900 | 810,522 | 205,895 | 604,628 | TTM 11/30/2020 | 784,862 | 209,188 | 575,674 | 769,141 | 217,298 |
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | 777,664 | 309,460 | 468,204 | 14,135 | 454,069 | 771,766 | 263,349 | 508,417 | TTM 11/30/2020 | 808,151 | 270,864 | 537,287 | 804,421 | 321,188 |
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | 471,369 | 187,841 | 283,528 | 10,611 | 272,917 | 466,702 | 144,901 | 321,801 | TTM 11/30/2020 | 451,105 | 148,505 | 302,600 | 442,274 | 157,269 |
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 2,215,993 | 914,016 | 1,301,977 | 19,050 | 1,282,927 | 2,236,896 | 839,740 | 1,397,156 | TTM 11/30/2020 | 2,139,692 | 807,436 | 1,332,256 | 1,910,018 | 866,483 |
21.01 | Property | LMF | 1 | Van Manor MHC | 767,884 | 339,023 | 428,860 | 5,500 | 423,360 | 767,021 | 316,977 | 450,043 | TTM 11/30/2020 | 739,343 | 291,185 | 448,158 | 723,871 | 361,226 |
21.02 | Property | LMF | 1 | Preston MHC | 418,052 | 118,548 | 299,504 | 3,800 | 295,704 | 424,238 | 102,201 | 322,037 | TTM 11/30/2020 | 399,640 | 101,699 | 297,941 | 376,088 | 103,475 |
21.03 | Property | LMF | 1 | Holiday Villas MHC | 402,913 | 136,950 | 265,963 | 3,750 | 262,213 | 416,678 | 130,379 | 286,299 | TTM 11/30/2020 | 375,952 | 121,622 | 254,331 | 208,656 | 78,786 |
21.04 | Property | LMF | 1 | Red Dot RV/MHC | 627,144 | 319,496 | 307,649 | 6,000 | 301,649 | 628,960 | 290,182 | 338,777 | TTM 11/30/2020 | 624,756 | 292,929 | 331,827 | 601,402 | 322,996 |
22 | Loan | KeyBank | 3 | APC Portfolio | 1,967,071 | 683,168 | 1,283,903 | 32,940 | 1,250,963 | NAV | NAV | NAV | NAV | |||||
22.01 | Property | KeyBank | 1 | Round Rock | 1,215,665 | 416,112 | 799,553 | 20,188 | 779,366 | NAV | NAV | NAV | NAV | |||||
22.02 | Property | KeyBank | 1 | South Mopac | 555,142 | 182,668 | 372,474 | 10,910 | 361,564 | NAV | NAV | NAV | NAV | |||||
22.03 | Property | KeyBank | 1 | Loop 360 | 196,264 | 84,388 | 111,876 | 1,843 | 110,033 | NAV | NAV | NAV | NAV | |||||
23 | Both | Barclays | 1 | Melrose Apartments | 1,805,004 | 763,311 | 1,041,693 | 55,200 | 986,493 | 1,688,111 | 528,004 | 1,160,107 | TTM 11/30/2020 | 1,381,033 | 415,712 | 965,321 | 1,049,691 | 500,654 |
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | 2,922,017 | 1,684,836 | 1,237,181 | 45,700 | 1,191,481 | 2,921,784 | 1,455,291 | 1,466,493 | Various | 2,676,658 | 1,364,137 | 1,312,521 | 2,729,390 | 1,516,582 |
24.01 | Property | SMC | 1 | Lakeview Terrace | 1,293,119 | 847,928 | 445,191 | 15,800 | 429,391 | 1,293,119 | 741,938 | 551,181 | TTM 10/31/2020 | 1,235,231 | 703,923 | 531,308 | 1,301,958 | 739,054 |
24.02 | Property | SMC | 1 | Breeze Lake MHP | 526,399 | 234,488 | 291,911 | 10,200 | 281,711 | 526,399 | 205,669 | 320,730 | TTM 10/31/2020 | 505,654 | 169,578 | 336,076 | 483,812 | 221,457 |
24.03 | Property | SMC | 1 | Desert Oasis MHP | 414,509 | 203,372 | 211,138 | 5,550 | 205,588 | 414,729 | 159,214 | 255,515 | T11 Annualized 10/31/2020 | 379,124 | 188,219 | 190,904 | 350,955 | 184,886 |
24.04 | Property | SMC | 1 | Sunset Palms MHP | 402,889 | 195,540 | 207,349 | 8,600 | 198,749 | 402,889 | 167,123 | 235,766 | TTM 10/31/2020 | 351,015 | 152,066 | 198,949 | 372,436 | 187,908 |
24.05 | Property | SMC | 1 | Bannock MHC | 285,100 | 203,509 | 81,592 | 5,550 | 76,042 | 284,648 | 181,348 | 103,300 | T10 Annualized 10/31/2020 | 205,634 | 150,350 | 55,283 | 220,229 | 183,277 |
25 | Both | Barclays | 1 | 2727 Iowa Street | 1,966,303 | 793,725 | 1,172,578 | 53,494 | 1,119,083 | 2,140,415 | 691,399 | 1,449,016 | TTM 12/31/2020 | 2,144,278 | 783,850 | 1,360,428 | 2,120,593 | 748,493 |
26 | Both | LMF | 1 | Hazle Marketplace | 1,453,819 | 199,671 | 1,254,148 | 150,518 | 1,103,630 | 1,447,339 | 182,487 | 1,264,851 | TTM 09/30/2020 | 1,514,519 | 184,108 | 1,330,411 | 1,466,172 | 219,293 |
27 | Both | KeyBank | 1 | Centennial Hills | 1,256,748 | 251,781 | 1,004,966 | 14,193 | 990,773 | 883,451 | 155,609 | 727,842 | TTM 10/31/2020 | 547,907 | 146,116 | 401,791 | ||
28 | Both | SGFC | 1 | Park Plaza | 1,464,873 | 482,554 | 982,319 | 63,991 | 918,328 | 1,217,217 | 298,519 | 918,698 | TTM 10/31/2020 | 721,472 | 354,723 | 366,749 | ||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 1,862,798 | 972,207 | 890,591 | 50,840 | 839,750 | 1,863,850 | 838,538 | 1,025,312 | TTM 10/31/2020 | 1,837,291 | 861,884 | 975,407 | 1,788,104 | 930,546 |
29.01 | Property | Barclays | 1 | Lakewood Estates | 596,441 | 274,610 | 321,831 | 18,671 | 303,160 | 588,479 | 247,736 | 340,743 | TTM 10/31/2020 | 593,085 | 282,362 | 310,723 | 571,821 | 289,962 |
29.02 | Property | Barclays | 1 | Sea Pines | 605,090 | 340,275 | 264,815 | 8,919 | 255,895 | 613,416 | 310,872 | 302,545 | TTM 10/31/2020 | 597,299 | 304,070 | 293,229 | 573,437 | 316,457 |
29.03 | Property | Barclays | 1 | Heritage Point | 408,436 | 212,187 | 196,249 | 14,150 | 182,099 | 412,316 | 195,630 | 216,686 | TTM 10/31/2020 | 410,452 | 175,011 | 235,441 | 422,121 | 211,536 |
29.04 | Property | Barclays | 1 | Plantation Acres | 252,831 | 145,135 | 107,696 | 9,100 | 98,596 | 249,639 | 84,300 | 165,338 | TTM 10/31/2020 | 236,455 | 100,441 | 136,014 | 220,724 | 112,591 |
30 | Both | BSPRT | 1 | Chatham Crossing | 1,309,777 | 230,017 | 1,079,760 | 69,790 | 1,009,970 | 1,376,126 | 242,299 | 1,133,827 | TTM 11/30/2020 | 1,364,975 | 234,886 | 1,130,089 | 1,257,499 | 241,077 |
31 | Both | SGFC | 1 | Rowmark HQ | 926,250 | 27,788 | 898,463 | 58,000 | 840,463 | NAV | NAV | NAV | NAV | |||||
32 | Both | LMF | 1 | De Portola Medical Office | 1,013,239 | 234,521 | 778,718 | 30,145 | 748,572 | 625,162 | 119,692 | 505,470 | TTM 11/30/2020 | 285,867 | 75,366 | 210,501 | ||
33 | Both | Barclays | 1 | Arnold Industrial Park | 1,432,345 | 453,534 | 978,812 | 102,921 | 875,891 | 1,305,952 | 425,963 | 879,989 | TTM 11/01/2020 | 1,395,024 | 412,346 | 982,678 | 1,356,993 | 383,681 |
34 | Both | LMF | 1 | 126 Franklin Avenue | 858,248 | 284,596 | 573,652 | 11,000 | 562,652 | 822,790 | 234,104 | 588,686 | TTM 11/30/2020 | 810,350 | 246,083 | 564,266 | 809,096 | 243,680 |
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 1,388,701 | 343,455 | 1,045,245 | 152,519 | 892,726 | 1,300,762 | 323,024 | 977,738 | TTM 10/31/2020 | 1,212,782 | 322,203 | 890,579 | 1,088,507 | 332,274 |
36 | Loan | KeyBank | 2 | Walgreens Portfolio | 740,614 | 163,943 | 576,671 | 5,938 | 570,733 | NAV | NAV | NAV | NAV | |||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | 399,048 | 93,650 | 305,398 | 2,935 | 302,463 | NAV | NAV | NAV | NAV | |||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | 341,566 | 70,293 | 271,273 | 3,003 | 268,270 | NAV | NAV | NAV | NAV | |||||
37 | Both | Barclays | 1 | Holly Village | 1,393,456 | 756,213 | 637,243 | 12,250 | 624,993 | 1,442,403 | 731,934 | 710,469 | TTM 11/30/2020 | 1,207,668 | 646,185 | 561,483 | 1,223,073 | 673,987 |
38 | Both | LMF | 1 | Hibiscus Plaza | 878,950 | 285,863 | 593,087 | 14,822 | 578,265 | 626,366 | 259,426 | 366,941 | T11 Annualized 11/30/2020 | 424,931 | 206,504 | 218,426 | 510,964 | 190,826 |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 936,561 | 312,696 | 623,865 | 18,315 | 605,550 | 936,561 | 307,133 | 629,428 | TTM 10/31/2020 | 911,899 | 309,542 | 602,357 | 911,620 | 298,990 |
39.01 | Property | LMF | 1 | Meadville Storage | 353,690 | 109,055 | 244,635 | 5,833 | 238,802 | 353,690 | 104,468 | 249,222 | TTM 10/31/2020 | 335,575 | 108,800 | 226,776 | 319,310 | 104,405 |
39.02 | Property | LMF | 1 | Johnstown Storage | 357,665 | 114,996 | 242,668 | 8,606 | 234,062 | 357,665 | 102,988 | 254,676 | TTM 10/31/2020 | 355,303 | 107,397 | 247,906 | 368,876 | 111,096 |
39.03 | Property | LMF | 1 | Cambria Storage | 225,206 | 88,645 | 136,561 | 3,876 | 132,685 | 225,206 | 99,677 | 125,529 | TTM 10/31/2020 | 221,020 | 93,344 | 127,676 | 223,434 | 83,490 |
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 835,122 | 316,421 | 518,702 | 8,609 | 510,093 | 835,122 | 315,916 | 519,206 | TTM 10/31/2020 | 828,439 | 335,620 | 492,819 | 787,276 | 296,580 |
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 2,098,609 | 1,291,794 | 806,815 | 83,944 | 722,870 | 1,577,992 | 1,080,001 | 497,992 | TTM 12/31/2020 | 2,142,409 | 1,309,047 | 833,362 | 1,675,395 | 1,061,515 |
42 | Both | Barclays | 1 | Gardens Club Apartments | 662,123 | 231,276 | 430,847 | 7,500 | 423,347 | 618,374 | 97,375 | 520,999 | T6 Annualized 11/30/2020 | |||||
43 | Both | SMC | 1 | McCarthy Ranch | 5,379,369 | 1,576,791 | 3,802,578 | 252,694 | 3,549,884 | 5,025,608 | 1,508,116 | 3,517,493 | TTM 07/31/2020 | 5,076,248 | 1,368,290 | 3,707,958 | 3,806,476 | 1,303,754 |
44 | Both | KeyBank | 1 | Bear Creek Storage | 896,636 | 238,198 | 658,438 | 6,715 | 651,723 | 958,373 | 233,754 | 724,619 | TTM 12/31/2020 | 946,055 | 216,298 | 729,757 | 911,947 | 219,170 |
45 | Both | Barclays | 1 | Marbeya Business Park | 1,315,182 | 693,383 | 621,799 | 60,448 | 561,351 | 1,384,372 | 679,201 | 705,171 | TTM 11/30/2020 | 1,544,001 | 676,026 | 867,975 | 1,498,721 | 687,696 |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 541,400 | 32,243 | 509,157 | 48,349 | 460,808 | 813,163 | 0 | 813,163 | TTM 9/30/2020 | 894,883 | 0 | 894,883 | 894,883 | 0 |
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | 170,400 | 4,382 | 166,018 | 11,191 | 154,827 | 195,244 | 0 | 195,244 | TTM 9/30/2020 | 207,631 | 0 | 207,631 | 207,631 | 0 |
46.02 | Property | LMF | 1 | Family Dollar Southfield | 150,000 | 9,445 | 140,555 | 12,242 | 128,313 | 220,447 | 0 | 220,447 | TTM 9/30/2020 | 255,671 | 0 | 255,671 | 255,671 | 0 |
46.03 | Property | LMF | 1 | Family Dollar Norfolk | 121,000 | 8,416 | 112,584 | 12,208 | 100,376 | 189,221 | 0 | 189,221 | TTM 9/30/2020 | 223,332 | 0 | 223,332 | 223,332 | 0 |
46.04 | Property | LMF | 1 | Family Dollar Memphis | 100,000 | 10,000 | 90,000 | 12,708 | 77,293 | 208,250 | 0 | 208,250 | TTM 9/30/2020 | 208,250 | 0 | 208,250 | 208,250 | 0 |
47 | Both | LMF | 1 | 57 4th Avenue | 364,395 | 48,285 | 316,110 | 1,673 | 314,437 | 226,376 | 27,648 | 198,727 | T11 Annualized 11/30/2020 | |||||
48 | Both | LMF | 1 | Plainfield Commons II | 538,346 | 126,559 | 411,787 | 10,452 | 401,335 | 545,398 | 130,613 | 414,785 | TTM 08/31/2020 | 471,779 | 109,545 | 362,234 | 422,399 | 142,876 |
49 | Both | SMC | 1 | Country Way Apartments | 881,051 | 479,618 | 401,433 | 35,000 | 366,433 | 854,051 | 413,122 | 440,929 | TTM 12/31/2020 | 792,288 | 444,323 | 347,965 | 710,521 | 439,627 |
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 684,380 | 382,884 | 301,496 | 30,000 | 271,496 | 684,380 | 362,446 | 321,934 | TTM 10/31/2020 | 667,816 | 363,008 | 304,808 | 674,281 | 353,634 |
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 487,873 | 207,357 | 280,516 | 6,223 | 274,294 | 487,873 | 277,702 | 210,171 | TTM 10/31/2020 | 474,346 | 285,237 | 189,109 | 483,291 | 292,889 |
51.01 | Property | SMC | 1 | Black Canyon Storage | 278,746 | 109,270 | 169,476 | 2,590 | 166,886 | 278,746 | 166,963 | 111,783 | TTM 10/31/2020 | 266,082 | 177,397 | 88,685 | 267,158 | 173,837 |
51.02 | Property | SMC | 1 | Rimrock Self Storage | 209,127 | 98,087 | 111,040 | 3,633 | 107,407 | 209,127 | 110,739 | 98,388 | TTM 10/31/2020 | 208,264 | 107,840 | 100,424 | 216,133 | 119,051 |
52 | Both | Barclays | 1 | Cornerstone Apartments | 452,974 | 209,656 | 243,318 | 12,193 | 231,125 | 457,930 | 192,323 | 265,606 | TTM 12/31/2020 | 473,564 | 194,521 | 279,043 | 420,285 | 185,632 |
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | 368,134 | 91,000 | 277,135 | 19,471 | 257,663 | NAV | NAV | NAV | NAV | |||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 389,424 | 120,187 | 269,237 | 10,000 | 259,237 | 407,420 | 90,576 | 316,844 | T3 Annualized 10/31/2020 | |||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 391,993 | 151,274 | 240,719 | 7,865 | 232,854 | 337,997 | 144,700 | 193,297 | TTM 12/31/2020 | |||||
56 | Both | LMF | 1 | Midtown Duplexes | 301,460 | 133,632 | 167,828 | 6,000 | 161,828 | 299,288 | 116,292 | 182,996 | TTM 12/31/2020 | 285,496 | 83,570 | 201,926 | 270,157 | 80,861 |
57 | Both | LMF | 1 | Oak Forest MHC | 405,048 | 190,385 | 214,663 | 8,665 | 205,998 | 369,180 | 164,976 | 204,204 | TTM 11/30/2020 | 349,221 | 202,971 | 146,249 | 332,013 | 178,437 |
A-1-6 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HISTORICAL FINANCIALS(17) | UPFRONT ESCROWS(19) | |||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | 2018 NOI ($) | 2017 Revenues ($) | 2017 Expenses ($) | 2017 NOI ($) | Title Type(18) | Ground Lease Expiration | Ground Lease Extension Terms | Ground Lease Annual Payment | PML % | Upfront Capex Reserve ($) | Upfront Engineering Reserve ($) | Upfront Environmental Reserve ($) | Upfront TI/LC Reserve ($) | Upfront RE Tax Reserve ($) |
1 | Both | SGFC | 1 | The Atlantic | Fee | 0 | 0 | 0 | 130,672 | 281,202 | ||||||||
2 | Both | BSPRT | 1 | Saddleback Business Park | 5,260,066 | 6,433,168 | 1,317,711 | 5,115,457 | Fee | 11% | 0 | 63,240 | 0 | 1,000,000 | 273,919 | |||
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 617,369,266 | 2,161,960,165 | 1,556,922,957 | 605,037,208 | Fee | 0 | 0 | 0 | 0 | 0 | ||||
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 371,566,231 | 1,179,680,639 | 834,995,842 | 344,684,797 | Fee | |||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 245,803,035 | 982,279,526 | 721,927,115 | 260,352,411 | Fee | |||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | Fee | 0 | 2,500 | 0 | 0 | 162,162 | ||||||||
5 | Both | BSPRT | 1 | Crescent Gateway | 4,173,826 | 6,227,141 | 2,084,022 | 4,143,119 | Fee | 0 | 0 | 0 | 2,200,000 | 359,137 | ||||
6 | Both | LMF | 1 | Tollway Towers | 2,536,236 | 5,409,798 | 2,775,692 | 2,634,106 | Fee | 156,000 | 0 | 0 | 2,000,000 | 0 | ||||
7 | Both | Barclays | 1 | 1 Solutions Parkway | 2,675,263 | Fee | 0 | 34,100 | 0 | 0 | 0 | |||||||
8 | Both | BSPRT | 1 | Cypress Financial Center | 2,118,746 | 4,006,238 | 2,018,985 | 1,987,253 | Fee | 0 | 6,840 | 0 | 0 | 104,702 | ||||
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 4,202,837 | 4,385,300 | 180,465 | 4,204,835 | Fee | 0 | 0 | 0 | 0 | 159,251 | ||||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 3,543,366 | 8,150,679 | 4,594,227 | 3,556,452 | Fee | 0 | 0 | 0 | 0 | 0 | ||||
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 1,005,672 | Fee | 498,600 | 36,325 | 0 | 0 | 66,594 | |||||||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 989,769 | 1,906,478 | 888,778 | 1,017,700 | Fee | 0 | 0 | 0 | 0 | 16,094 | ||||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | 269,744 | 485,765 | 256,093 | 229,672 | Fee | |||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | 345,192 | 588,472 | 220,360 | 368,112 | Fee | |||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | 250,339 | 479,910 | 215,770 | 264,140 | Fee | |||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | 124,495 | 352,331 | 196,555 | 155,776 | Fee | |||||||||
13 | Both | LMF | 1 | Gardner Plaza | Fee | 0 | 0 | 0 | 650,000 | 18,495 | ||||||||
14 | Both | Barclays | 1 | 924 Overland Court | (256,260) | Fee | 14% | 2,463 | 7,500 | 0 | 16,418 | 14,585 | ||||||
15 | Both | BSPRT | 1 | Seaport Homes | 2,799,581 | Fee | 8% | 3,967 | 0 | 0 | 0 | 0 | ||||||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | Fee | 9% | 878 | 0 | 0 | 0 | 10,959 | |||||||
17 | Both | SGFC | 1 | Bayshore Mixed Use | Fee/Leasehold | 11/30/2031 | NAP | $1 | 0 | 0 | 0 | 0 | 25,902 | |||||
18 | Both | Barclays | 1 | 3Y | 363,837 | 525,420 | 486,902 | 38,518 | Fee | 0 | 0 | 0 | 0 | 0 | ||||
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | 1,134,522 | Fee | 0 | 109,656 | 0 | 650,000 | 326,305 | |||||||
19.01 | Property | LMF | 1 | Gary Tech | 451,732 | Fee | ||||||||||||
19.02 | Property | LMF | 1 | Remington | Fee | |||||||||||||
19.03 | Property | LMF | 1 | Deerpath | 454,079 | Fee | ||||||||||||
19.04 | Property | LMF | 1 | Messner | 94,504 | Fee | ||||||||||||
19.05 | Property | LMF | 1 | Janke | 132,761 | Fee | ||||||||||||
19.06 | Property | LMF | 1 | Saunders | 1,446 | Fee | ||||||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | 1,320,081 | 1,823,493 | 649,836 | 1,173,657 | Fee | 3,184 | 0 | 0 | 0 | 0 | ||||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | 551,843 | 669,157 | 229,311 | 439,846 | Fee | |||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | 483,233 | 755,615 | 258,557 | 497,058 | Fee | |||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | 285,005 | 398,721 | 161,968 | 236,753 | Fee | |||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 1,043,535 | 1,531,102 | 750,564 | 780,538 | Fee | 0 | 109,189 | 0 | 0 | 23,251 | ||||
21.01 | Property | LMF | 1 | Van Manor MHC | 362,645 | 651,389 | 296,722 | 354,667 | Fee | |||||||||
21.02 | Property | LMF | 1 | Preston MHC | 272,613 | 326,831 | 94,184 | 232,647 | Fee | |||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | 129,871 | Fee | ||||||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | 278,406 | 552,882 | 359,658 | 193,224 | Fee | |||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | Fee | Various | Various | Various | 80,913 | 3,438 | 0 | 693,540 | 0 | |||||
22.01 | Property | KeyBank | 1 | Round Rock | Fee | 02/28/2036 | None | $28,911 | ||||||||||
22.02 | Property | KeyBank | 1 | South Mopac | Fee | |||||||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | Fee | |||||||||||||
23 | Both | Barclays | 1 | Melrose Apartments | 549,037 | 812,151 | 459,795 | 352,356 | Fee | 0 | 86,000 | 0 | 0 | 16,626 | ||||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | 1,212,808 | Fee | 0 | 78,813 | 0 | 0 | 30,541 | |||||||
24.01 | Property | SMC | 1 | Lakeview Terrace | 562,904 | Fee | ||||||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | 262,355 | Fee | ||||||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | 166,069 | Fee | ||||||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | 184,528 | Fee | ||||||||||||
24.05 | Property | SMC | 1 | Bannock MHC | 36,952 | Fee | ||||||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | 1,372,100 | 2,066,713 | 764,712 | 1,302,001 | Fee | 8,500 | 8,000 | 0 | 425,000 | 33,980 | ||||
26 | Both | LMF | 1 | Hazle Marketplace | 1,246,879 | 1,455,038 | 263,686 | 1,191,353 | Fee | 0 | 0 | 0 | 0 | 0 | ||||
27 | Both | KeyBank | 1 | Centennial Hills | Fee | 57,156 | 625 | 0 | 1,157,294 | 0 | ||||||||
28 | Both | SGFC | 1 | Park Plaza | Fee | 11% | 106,650 | 10,800 | 0 | 700,000 | 21,131 | |||||||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 857,558 | 1,687,539 | 879,900 | 807,639 | Fee | 0 | 20,000 | 0 | 0 | 17,680 | ||||
29.01 | Property | Barclays | 1 | Lakewood Estates | 281,860 | 525,287 | 304,853 | 220,434 | Fee | |||||||||
29.02 | Property | Barclays | 1 | Sea Pines | 256,980 | 537,794 | 278,562 | 259,232 | Fee | |||||||||
29.03 | Property | Barclays | 1 | Heritage Point | 210,586 | 403,497 | 194,397 | 209,100 | Fee | |||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | 108,133 | 220,962 | 102,089 | 118,873 | Fee | |||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | 1,016,422 | 1,214,570 | 288,730 | 925,840 | Fee | 0 | 0 | 0 | 300,000 | 36,341 | ||||
31 | Both | SGFC | 1 | Rowmark HQ | Fee | 0 | 0 | 0 | 0 | 0 | ||||||||
32 | Both | LMF | 1 | De Portola Medical Office | Fee | 7% | 0 | 0 | 0 | 0 | 56,103 | |||||||
33 | Both | Barclays | 1 | Arnold Industrial Park | 973,312 | 1,246,804 | 306,718 | 940,086 | Fee | 0 | 3,938 | 0 | 0 | 43,873 | ||||
34 | Both | LMF | 1 | 126 Franklin Avenue | 565,416 | 791,195 | 233,320 | 557,875 | Fee | 209,000 | 0 | 0 | 0 | 58,335 | ||||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 756,233 | 1,049,205 | 318,992 | 730,213 | Fee | 13% | 5,767 | 0 | 0 | 292,590 | 12,230 | |||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | Fee | 0 | 0 | 0 | 0 | 0 | ||||||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | Fee | |||||||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | Fee | |||||||||||||
37 | Both | Barclays | 1 | Holly Village | 549,086 | 1,207,668 | 595,682 | 611,986 | Fee | 0 | 0 | 0 | 0 | 0 | ||||
38 | Both | LMF | 1 | Hibiscus Plaza | 320,137 | Fee | 0 | 46,495 | 0 | 275,000 | 0 | |||||||
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 612,630 | Fee | 0 | 153,531 | 0 | 0 | 16,388 | |||||||
39.01 | Property | LMF | 1 | Meadville Storage | 214,905 | Fee | ||||||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | 257,780 | Fee | ||||||||||||
39.03 | Property | LMF | 1 | Cambria Storage | 139,944 | Fee | ||||||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 490,696 | 752,988 | 294,653 | 458,335 | Fee | 0 | 0 | 0 | 0 | 13,126 | ||||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 613,880 | 1,769,325 | 1,162,398 | 606,926 | Fee | 0 | 0 | 0 | 0 | 16,163 | ||||
42 | Both | Barclays | 1 | Gardens Club Apartments | Fee | 0 | 0 | 0 | 0 | 5,856 | ||||||||
43 | Both | SMC | 1 | McCarthy Ranch | 2,502,722 | 3,376,131 | 1,315,559 | 2,060,572 | Fee | 15% | 0 | 0 | 0 | 500,000 | 47,794 | |||
44 | Both | KeyBank | 1 | Bear Creek Storage | 692,777 | Fee | 10% | 0 | 0 | 0 | 0 | 0 | ||||||
45 | Both | Barclays | 1 | Marbeya Business Park | 811,025 | Fee | 0 | 19,879 | 0 | 400,000 | 6,179 | |||||||
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 894,883 | 894,883 | 0 | 894,883 | Fee | 0 | 120,545 | 0 | 0 | 0 | ||||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | 207,631 | 207,631 | 0 | 207,631 | Fee | |||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | 255,671 | 255,671 | 0 | 255,671 | Fee | |||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | 223,332 | 223,332 | 0 | 223,332 | Fee | |||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | 208,250 | 208,250 | 0 | 208,250 | Fee | 9% | ||||||||
47 | Both | LMF | 1 | 57 4th Avenue | Fee | 0 | 1,250 | 0 | 0 | 3,932 | ||||||||
48 | Both | LMF | 1 | Plainfield Commons II | 279,523 | 477,013 | 108,138 | 368,875 | Fee | 0 | 0 | 0 | 150,000 | 9,622 | ||||
49 | Both | SMC | 1 | Country Way Apartments | 270,894 | 596,344 | 435,532 | 160,812 | Fee | 0 | 125,500 | 0 | 0 | 21,020 | ||||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 320,647 | 649,077 | 347,179 | 301,898 | Fee | 0 | 52,000 | 0 | 0 | 13,972 | ||||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 190,402 | Fee | 0 | 38,250 | 0 | 0 | 10,005 | |||||||
51.01 | Property | SMC | 1 | Black Canyon Storage | 93,321 | Fee | ||||||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | 97,082 | Fee | ||||||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | 234,653 | 394,712 | 205,325 | 189,387 | Fee | 19% | 0 | 3,750 | 0 | 0 | 12,108 | |||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | Fee | 0 | 82,438 | 0 | 0 | 12,278 | ||||||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | Fee | 0 | 0 | 0 | 0 | 7,009 | ||||||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | Fee | 0 | 0 | 0 | 0 | 3,866 | ||||||||
56 | Both | LMF | 1 | Midtown Duplexes | 189,296 | Fee | 0 | 0 | 0 | 0 | 0 | |||||||
57 | Both | LMF | 1 | Oak Forest MHC | 153,576 | Fee | 50,000 | 60,313 | 0 | 0 | 1,467 |
A-1-7 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
UPFRONT ESCROWS(19) | MONTHLY ESCROWS(20) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Upfront Insurance Reserve ($) | Upfront Debt Service Reserve ($) | Upfront Other Reserve ($) | Other Upfront Description | Monthly Capex Reserve ($) | Monthly Environmental Reserve ($) | Monthly TI/LC Reserve ($) | Monthly RE Tax Reserve ($) | |
1 | Both | SGFC | 1 | The Atlantic | 0 | 1,781,405 | 27,731 | Free Rent Reserve | 6,042 | 0 | 604 | 65,425 | |
2 | Both | BSPRT | 1 | Saddleback Business Park | 3,558 | 0 | 34,692 | Unfunded Obligations Reserve: 28,584; Free Rent Reserve: 6,108 | 8,564 | 0 | Springing | 47,023 | |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 0 | 0 | 0 | Springing | 0 | 0 | Springing | ||
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | |||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | |||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | 58,382 | 0 | 120,000 | Partial Free Rent Holdback | 2,067 | 0 | 2,100 | 81,081 | |
5 | Both | BSPRT | 1 | Crescent Gateway | 13,892 | 0 | 2,028,679 | Unfunded Obligations Reserve: 1,568,482; Free Rent Reserve: 460,197 | 2,412 | 0 | Springing | 51,305 | |
6 | Both | LMF | 1 | Tollway Towers | 9,223 | 0 | 166,664 | Free Rent Reserve: 105,252.48; Outstanding TI/LC Reserve: 61,411.55 | 4,992 | 0 | 35,361 | 73,474 | |
7 | Both | Barclays | 1 | 1 Solutions Parkway | 0 | 0 | 0 | 2,600 | 0 | 13,000 | Springing | ||
8 | Both | BSPRT | 1 | Cypress Financial Center | 0 | 0 | 7,307,946 | Unfunded Obligations Reserve: 5,110,614.27; Gap Rent Reserve: 1,125,960.87; Free Rent Reserve: 1,071,371.15 | 3,391 | 0 | 25,435 | 52,351 | |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 259,547 | 0 | 0 | 1,704 | 0 | 0 | 37,917 | ||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 0 | 0 | 65,000 | Attorney General Lease Reserve | 6,805 | 0 | 22,126 | Springing | |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | 0 | 0 | 0 | Springing | 0 | 0 | 33,297 | ||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 28,828 | 0 | 0 | 2,401 | 0 | 0 | 8,047 | ||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | |||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | |||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | |||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | |||||||||
13 | Both | LMF | 1 | Gardner Plaza | 9,138 | 0 | 521,255 | Shell Space TI/LC Reserve: 250,000; Unfunded TI/LC Reserve: 137,800; Free Rent Reserve: 133,455 | 1,151 | 0 | 5,180 | 17,614 | |
14 | Both | Barclays | 1 | 924 Overland Court | 0 | 0 | 0 | 2,463 | 0 | 16,418 | 14,585 | ||
15 | Both | BSPRT | 1 | Seaport Homes | 0 | 0 | 0 | 3,967 | 0 | 0 | Springing | ||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | 0 | 0 | 0 | 878 | 0 | 0 | 10,959 | ||
17 | Both | SGFC | 1 | Bayshore Mixed Use | 0 | 0 | 50,000 | Master Lease Rent Reserve | 1,145 | 0 | 6,029 | 19,305 | |
18 | Both | Barclays | 1 | 3Y | 0 | 0 | 97,453 | Outstanding TI Reserve | 1,581 | 0 | 11,856 | 3,040 | |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | 8,339 | 0 | 83,403 | Free Rent - By Your Side: 25,594.67; TI - Best Dedicated: 57,808 | 4,040 | 0 | Springing | 51,795 | |
19.01 | Property | LMF | 1 | Gary Tech | |||||||||
19.02 | Property | LMF | 1 | Remington | |||||||||
19.03 | Property | LMF | 1 | Deerpath | |||||||||
19.04 | Property | LMF | 1 | Messner | |||||||||
19.05 | Property | LMF | 1 | Janke | |||||||||
19.06 | Property | LMF | 1 | Saunders | |||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | 0 | 0 | 0 | 3,184 | 0 | 0 | 23,427 | ||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | |||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | |||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | |||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 35,322 | 0 | 0 | 1,588 | 0 | 0 | 11,072 | ||
21.01 | Property | LMF | 1 | Van Manor MHC | |||||||||
21.02 | Property | LMF | 1 | Preston MHC | |||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | |||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | |||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | 0 | 0 | 0 | 1,349 | 0 | Springing | Springing | ||
22.01 | Property | KeyBank | 1 | Round Rock | |||||||||
22.02 | Property | KeyBank | 1 | South Mopac | |||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | |||||||||
23 | Both | Barclays | 1 | Melrose Apartments | 0 | 118,147 | 0 | Springing | 0 | 0 | 4,157 | ||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | 18,164 | 0 | 97,887 | Prepaid Rent: 63,200; Submeter Installation Holdback Reserve: 34,687 | 3,808 | 0 | 0 | 10,116 | |
24.01 | Property | SMC | 1 | Lakeview Terrace | |||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | |||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | |||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | |||||||||
24.05 | Property | SMC | 1 | Bannock MHC | |||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | 0 | 0 | 0 | 1,063 | 0 | Springing | 11,327 | ||
26 | Both | LMF | 1 | Hazle Marketplace | 0 | 0 | 0 | Springing | 0 | Springing | Springing | ||
27 | Both | KeyBank | 1 | Centennial Hills | 0 | 0 | 0 | Springing | 0 | Springing | 3,143 | ||
28 | Both | SGFC | 1 | Park Plaza | 12,374 | 0 | 397,814 | Loma Linda University Healthcare Expansion Reserve | 0 | 0 | Springing | 18,931 | |
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 51,704 | 549,201 | 75,000 | Flood Zone Reserve | 4,237 | 0 | 0 | 5,893 | |
29.01 | Property | Barclays | 1 | Lakewood Estates | |||||||||
29.02 | Property | Barclays | 1 | Sea Pines | |||||||||
29.03 | Property | Barclays | 1 | Heritage Point | |||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | |||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | 3,033 | 0 | 400,000 | Lowes Foods TI Reserve | 1,430 | 0 | Springing | 4,543 | |
31 | Both | SGFC | 1 | Rowmark HQ | 0 | 0 | 0 | Springing | 0 | Springing | Springing | ||
32 | Both | LMF | 1 | De Portola Medical Office | 1,524 | 0 | 205,565 | Free Rent Reserve | 419 | 0 | 2,093 | 11,221 | |
33 | Both | Barclays | 1 | Arnold Industrial Park | 14,833 | 0 | 0 | 3,648 | 0 | 4,929 | 8,775 | ||
34 | Both | LMF | 1 | 126 Franklin Avenue | 12,530 | 0 | 0 | 917 | 0 | 0 | 11,111 | ||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 14,280 | 0 | 0 | 5,767 | 0 | Springing | 6,159 | ||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | 0 | 0 | 0 | 0 | 0 | Springing | Springing | ||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | |||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | |||||||||
37 | Both | Barclays | 1 | Holly Village | 0 | 0 | 0 | Springing | 0 | 0 | Springing | ||
38 | Both | LMF | 1 | Hibiscus Plaza | 38,096 | 0 | 427,150 | Dairy Queen - TI Reserve: 300,000; Dairy Queen - LC Reserve: 30,650; Dollar Tree - Free Rent: 96,500 | 469 | 0 | 3,126 | 10,329 | |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 2,000 | 0 | 0 | 1,526 | 0 | 0 | 5,203 | ||
39.01 | Property | LMF | 1 | Meadville Storage | |||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | |||||||||
39.03 | Property | LMF | 1 | Cambria Storage | |||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 22,445 | 0 | 0 | 717 | 0 | 0 | 4,375 | ||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 6,503 | 0 | 90,000 | PIP Reserve | 1/12 of 2% of Gross Income from Operations | 0 | 0 | 2,641 | |
42 | Both | Barclays | 1 | Gardens Club Apartments | 4,870 | 0 | 0 | Springing | 0 | 0 | 1,952 | ||
43 | Both | SMC | 1 | McCarthy Ranch | 69,027 | 0 | 4,083,976 | PetSmart Reserve: 4,000,000; Bao Bao Reserve: 83,976 | 4,433 | 0 | 16,625 | 47,794 | |
44 | Both | KeyBank | 1 | Bear Creek Storage | 6,678 | 0 | 0 | 0 | 0 | 0 | 4,607 | ||
45 | Both | Barclays | 1 | Marbeya Business Park | 23,193 | 47,678 | 430,218 | Cash Collateral Reserve: 400,000; Existing TI Reserve: 15,750; Free Rent Reserve: 14,468.34 | 1,605 | 0 | Springing | 6,179 | |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 13,624 | 0 | 0 | 404 | 0 | 3,625 | Springing | ||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | |||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | |||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | |||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | |||||||||
47 | Both | LMF | 1 | 57 4th Avenue | 788 | 0 | 0 | 80 | 0 | 59 | 1,872 | ||
48 | Both | LMF | 1 | Plainfield Commons II | 1,810 | 0 | 165,000 | Unfunded TI/LC: 140,000; Free Rent: 25,000 | 175 | 0 | Springing | 4,582 | |
49 | Both | SMC | 1 | Country Way Apartments | 12,059 | 0 | 50,000 | SBA Holdback Funds | 2,917 | 0 | 0 | 3,503 | |
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 6,002 | 46,290 | 0 | 2,500 | 0 | 0 | 6,986 | ||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 1,931 | 0 | 0 | 519 | 0 | 0 | 3,335 | ||
51.01 | Property | SMC | 1 | Black Canyon Storage | |||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | |||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | 9,457 | 0 | 150,000 | Tuck-Under Parking Retrofit Reserve | 1,016 | 0 | 0 | 3,027 | |
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | 0 | 0 | 0 | 378 | 0 | 1,323 | 3,070 | ||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 9,950 | 165,000 | 0 | 833 | 0 | 0 | 2,336 | ||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 3,036 | 0 | 0 | 655 | 0 | 0 | 1,227 | ||
56 | Both | LMF | 1 | Midtown Duplexes | 5,952 | 0 | 0 | 625 | 0 | 0 | 5,180 | ||
57 | Both | LMF | 1 | Oak Forest MHC | 1,702 | 11,570 | 0 | 722 | 0 | 0 | 1,397 |
A-1-8 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
MONTHLY ESCROWS(20) | RESERVE CAPS(21) | |||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Monthly Insurance Reserve ($) | Monthly Other Reserve ($) | Other Monthly Description | CapEx Reserve Cap ($) | Environmental Reserve Cap ($) | TI/LC Reserve Cap ($) | RE Tax Reserve Cap ($) | Insurance Reserve Cap ($) | Debt Service Reserve Cap ($) | Other Reserve Cap ($) | Single Tenant | |
1 | Both | SGFC | 1 | The Atlantic | Springing | 0 | 217,498 | No | ||||||||
2 | Both | BSPRT | 1 | Saddleback Business Park | 1,779 | 0 | 1,000,000 | No | ||||||||
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | Springing | 0 | No | |||||||||
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | No | |||||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | No | |||||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | 4,491 | 0 | 126,000 | No | ||||||||
5 | Both | BSPRT | 1 | Crescent Gateway | 4,631 | 0 | 90,903 | 2,000,000 | No | |||||||
6 | Both | LMF | 1 | Tollway Towers | 8,784 | 0 | No | |||||||||
7 | Both | Barclays | 1 | 1 Solutions Parkway | Springing | 0 | Yes | |||||||||
8 | Both | BSPRT | 1 | Cypress Financial Center | 30,523 | 0 | 1,200,000 | No | ||||||||
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | 27,465 | 0 | Yes | |||||||||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | Springing | 0 | No | |||||||||
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | Springing | 0 | 498,600 | No | ||||||||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | 2,939 | 0 | No | |||||||||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | No | |||||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | No | |||||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | No | |||||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | No | |||||||||||
13 | Both | LMF | 1 | Gardner Plaza | 1,741 | 0 | 55,258 | No | ||||||||
14 | Both | Barclays | 1 | 924 Overland Court | Springing | 0 | 1,200,000 | Yes | ||||||||
15 | Both | BSPRT | 1 | Seaport Homes | Springing | 0 | 100,000 | No | ||||||||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | Springing | 0 | 31,609 | No | ||||||||
17 | Both | SGFC | 1 | Bayshore Mixed Use | 12,932 | 0 | 217,050 | No | ||||||||
18 | Both | Barclays | 1 | 3Y | Springing | 0 | No | |||||||||
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | 3,971 | 0 | 650,000 | No | ||||||||
19.01 | Property | LMF | 1 | Gary Tech | No | |||||||||||
19.02 | Property | LMF | 1 | Remington | No | |||||||||||
19.03 | Property | LMF | 1 | Deerpath | No | |||||||||||
19.04 | Property | LMF | 1 | Messner | No | |||||||||||
19.05 | Property | LMF | 1 | Janke | No | |||||||||||
19.06 | Property | LMF | 1 | Saunders | No | |||||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | Springing | 0 | 191,050 | No | ||||||||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | No | |||||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | No | |||||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | No | |||||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | 3,364 | 0 | No | |||||||||
21.01 | Property | LMF | 1 | Van Manor MHC | No | |||||||||||
21.02 | Property | LMF | 1 | Preston MHC | No | |||||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | No | |||||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | No | |||||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | Springing | 0 | 693,540 | Yes | ||||||||
22.01 | Property | KeyBank | 1 | Round Rock | Yes | |||||||||||
22.02 | Property | KeyBank | 1 | South Mopac | Yes | |||||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | Yes | |||||||||||
23 | Both | Barclays | 1 | Melrose Apartments | Springing | 0 | No | |||||||||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | 9,082 | 0 | No | |||||||||
24.01 | Property | SMC | 1 | Lakeview Terrace | No | |||||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | No | |||||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | No | |||||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | No | |||||||||||
24.05 | Property | SMC | 1 | Bannock MHC | No | |||||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | Springing | Springing | Anchor Tenant Reserve | 425,000 | No | |||||||
26 | Both | LMF | 1 | Hazle Marketplace | Springing | 0 | 537,565 | No | ||||||||
27 | Both | KeyBank | 1 | Centennial Hills | Springing | 0 | 1,157,294 | No | ||||||||
28 | Both | SGFC | 1 | Park Plaza | 1,125 | Springing | Special Rollover Reserve | No | ||||||||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | 3,977 | Springing | Flood Zone Reserve | 75,000 | No | |||||||
29.01 | Property | Barclays | 1 | Lakewood Estates | No | |||||||||||
29.02 | Property | Barclays | 1 | Sea Pines | No | |||||||||||
29.03 | Property | Barclays | 1 | Heritage Point | No | |||||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | No | |||||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | 1,517 | 0 | 52,000 | 300,000 | No | |||||||
31 | Both | SGFC | 1 | Rowmark HQ | Springing | Springing | Special Rollover Reserve | Yes | ||||||||
32 | Both | LMF | 1 | De Portola Medical Office | 508 | 0 | No | |||||||||
33 | Both | Barclays | 1 | Arnold Industrial Park | 7,417 | 0 | 295,750 | No | ||||||||
34 | Both | LMF | 1 | 126 Franklin Avenue | 1,492 | 0 | No | |||||||||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | 7,140 | 0 | 346,010 | 292,590 | No | |||||||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | Springing | 0 | Yes | |||||||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | Yes | |||||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | Yes | |||||||||||
37 | Both | Barclays | 1 | Holly Village | Springing | 0 | No | |||||||||
38 | Both | LMF | 1 | Hibiscus Plaza | 3,628 | 0 | 100,000 | No | ||||||||
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | 953 | 0 | No | |||||||||
39.01 | Property | LMF | 1 | Meadville Storage | No | |||||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | No | |||||||||||
39.03 | Property | LMF | 1 | Cambria Storage | No | |||||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | 2,040 | 0 | No | |||||||||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 3,188 | 0 | No | |||||||||
42 | Both | Barclays | 1 | Gardens Club Apartments | 2,435 | Springing | HOA Assessment Reserve | No | ||||||||
43 | Both | SMC | 1 | McCarthy Ranch | 5,310 | 0 | 300,000 | 1,000,000 | No | |||||||
44 | Both | KeyBank | 1 | Bear Creek Storage | 782 | 0 | No | |||||||||
45 | Both | Barclays | 1 | Marbeya Business Park | 1,933 | 0 | 400,000 | No | ||||||||
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | 1,854 | 0 | Yes | |||||||||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | Yes | |||||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | Yes | |||||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | Yes | |||||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | Yes | |||||||||||
47 | Both | LMF | 1 | 57 4th Avenue | 375 | 0 | No | |||||||||
48 | Both | LMF | 1 | Plainfield Commons II | 575 | 0 | 10,520 | 25,043 | No | |||||||
49 | Both | SMC | 1 | Country Way Apartments | 6,030 | 0 | No | |||||||||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | 3,001 | 0 | No | |||||||||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | 966 | 0 | No | |||||||||
51.01 | Property | SMC | 1 | Black Canyon Storage | No | |||||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | No | |||||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | 1,576 | 0 | No | |||||||||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | Springing | 0 | Yes | |||||||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | 3,317 | 0 | No | |||||||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | 1,446 | 0 | 23,594 | No | ||||||||
56 | Both | LMF | 1 | Midtown Duplexes | 1,889 | 0 | No | |||||||||
57 | Both | LMF | 1 | Oak Forest MHC | 811 | 0 | No |
A-1-9 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
TENANCY INFORMATION(22)(23)(24) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Largest Tenant | Unit Size | Lease Expiration | Second Largest Tenant | Unit Size | Lease Expiration | Third Largest Tenant | Unit Size |
1 | Both | SGFC | 1 | The Atlantic | ||||||||
2 | Both | BSPRT | 1 | Saddleback Business Park | Sonendo, Inc. | 53,092 | 04/30/2021 | Fjord Ventures, LLC | 37,323 | 06/30/2021 | Starrett Kinemetric Engineering, Inc. | 18,140 |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | ||||||||
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | ||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | ||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | Hatzlacha Supermarket | 36,000 | 09/30/2045 | |||||
5 | Both | BSPRT | 1 | Crescent Gateway | Cystic Fibrosis Foundation | 40,742 | 04/30/2023 | CVS Pharmacy | 9,200 | 11/30/2025 | Bethesda Chevy Chase Surgery Center LLC | 9,117 |
6 | Both | LMF | 1 | Tollway Towers | True Results | 21,300 | 11/30/2022 | PBIGROUP, LLC | 13,517 | 06/30/2021 | Higginbotham Insurance Agency, LLC | 13,437 |
7 | Both | Barclays | 1 | 1 Solutions Parkway | Qwest Communications International, Inc. | 156,000 | 06/30/2030 | |||||
8 | Both | BSPRT | 1 | Cypress Financial Center | Hayes Medical Staffing | 77,092 | 10/31/2033 | Tabacalera USA, Inc. | 19,667 | 07/31/2026 | Parlux Fragrances, Inc | 19,072 |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | Buccaneers Team LLC | 136,356 | 01/31/2041 | |||||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | Maryland Attorney General | 115,402 | 09/30/2030 | Maryland Insurance Admin | 68,771 | 01/31/2030 | US DEA | 36,687 |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | ||||||||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | ||||||||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | ||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | ||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | ||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | ||||||||
13 | Both | LMF | 1 | Gardner Plaza | Paysign | 23,832 | 05/31/2030 | Coldwell Banker | 10,428 | 06/30/2025 | Ticor | 5,788 |
14 | Both | Barclays | 1 | 924 Overland Court | Leidos, Inc. | 98,505 | 01/31/2027 | |||||
15 | Both | BSPRT | 1 | Seaport Homes | ||||||||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | ||||||||
17 | Both | SGFC | 1 | Bayshore Mixed Use | Armed Forces | 5,863 | 08/31/2025 | Catholic Charities | 5,165 | 09/30/2027 | Northwell Health | 5,000 |
18 | Both | Barclays | 1 | 3Y | Sandbox Group | 28,484 | 08/31/2027 | Ruby Receptionists | 23,848 | 12/01/2029 | WSP | 11,754 |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | ||||||||
19.01 | Property | LMF | 1 | Gary Tech | Conduent | 27,996 | 08/31/2024 | World Relief | 13,620 | 09/30/2025 | Integrated Home Care | 6,874 |
19.02 | Property | LMF | 1 | Remington | By Your Side Autism Therapy | 18,600 | 10/31/2027 | Operation Support Center | 5,651 | 04/30/2023 | Weatherguard Construction | 4,500 |
19.03 | Property | LMF | 1 | Deerpath | Symphony Clinical Research | 22,469 | 05/31/2022 | Best Dedicated Solutions | 19,200 | 12/31/2024 | Harman Becker Automative Systems | 3,566 |
19.04 | Property | LMF | 1 | Messner | Micro Measurement Laboratories | 10,000 | 12/31/2026 | Organiclife | 10,000 | 07/31/2023 | Windy Air Services (Aprilaire) | 5,000 |
19.05 | Property | LMF | 1 | Janke | Bianco Glass Products | 16,718 | 01/31/2022 | ASC Fitness | 10,000 | 01/31/2022 | Komaxx Inc | 6,000 |
19.06 | Property | LMF | 1 | Saunders | Big Rock Sports | 8,016 | 10/31/2026 | Roseth & Associates | 6,757 | 05/31/2027 | Ampler | 4,092 |
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | ||||||||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | ||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | ||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | ||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | ||||||||
21.01 | Property | LMF | 1 | Van Manor MHC | ||||||||
21.02 | Property | LMF | 1 | Preston MHC | ||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | ||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | ||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | ||||||||
22.01 | Property | KeyBank | 1 | Round Rock | APC (Round Rock) | 28,384 | 01/31/2036 | |||||
22.02 | Property | KeyBank | 1 | South Mopac | APC (South Mopac) | 12,480 | 01/31/2036 | |||||
22.03 | Property | KeyBank | 1 | Loop 360 | APC (Loop 360) | 5,372 | 01/31/2036 | |||||
23 | Both | Barclays | 1 | Melrose Apartments | ||||||||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | ||||||||
24.01 | Property | SMC | 1 | Lakeview Terrace | ||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | ||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | ||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | ||||||||
24.05 | Property | SMC | 1 | Bannock MHC | ||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | Dick's Sporting Goods | 50,272 | 01/31/2025 | PetSmart | 15,491 | 03/31/2025 | Boot Barn | 9,663 |
26 | Both | LMF | 1 | Hazle Marketplace | Walmart | 199,026 | 09/30/2026 | Aspen Dental | 3,000 | 10/31/2025 | Integrity Staffing Solutions | 2,000 |
27 | Both | KeyBank | 1 | Centennial Hills | Abby Connect | 17,208 | 03/31/2027 | HealthCare Partners | 10,582 | 01/31/2027 | Thomas Dermatology | 8,792 |
28 | Both | SGFC | 1 | Park Plaza | Loma Linda University Healthcare System | 35,797 | 10/31/2026 | Loma Linda Behavioral Medical Center | 16,874 | 05/31/2031 | Wendall Corley | 654 |
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | ||||||||
29.01 | Property | Barclays | 1 | Lakewood Estates | ||||||||
29.02 | Property | Barclays | 1 | Sea Pines | ||||||||
29.03 | Property | Barclays | 1 | Heritage Point | ||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | ||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | Lowes Foods | 49,543 | 01/31/2030 | Renner Dance | 6,500 | 08/31/2027 | Chatham County ABC Board | 5,000 |
31 | Both | SGFC | 1 | Rowmark HQ | Rowmark, LLC | 145,000 | 10/31/2040 | |||||
32 | Both | LMF | 1 | De Portola Medical Office | High Desert Medical School | 16,852 | 01/31/2026 | First Surgery Center | 5,890 | 12/31/2028 | Dr. Indraneel Chakrabarty | 2,380 |
33 | Both | Barclays | 1 | Arnold Industrial Park | Hajoca Corporation | 18,000 | 08/31/2025 | United States Post Office | 15,000 | 05/31/2022 | Wholesale Screen Printing Of Naples | 15,000 |
34 | Both | LMF | 1 | 126 Franklin Avenue | ||||||||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | Triple T Delivery, Inc. | 14,129 | 11/14/2021 | Memories Etched in Stone. Inc. | 5,267 | 11/30/2024 | Joe's Auto Repair | 4,152 |
36 | Loan | KeyBank | 2 | Walgreens Portfolio | ||||||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | Walgreens Fall River | 14,676 | 11/30/2035 | |||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | Walgreens Prairie | 15,013 | 11/30/2035 | |||||
37 | Both | Barclays | 1 | Holly Village | ||||||||
38 | Both | LMF | 1 | Hibiscus Plaza | Dollar Tree | 12,511 | 02/28/2030 | Family Dollar | 8,948 | 07/10/2029 | Club Fellowship | 5,313 |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | ||||||||
39.01 | Property | LMF | 1 | Meadville Storage | ||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | ||||||||
39.03 | Property | LMF | 1 | Cambria Storage | ||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | ||||||||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | ||||||||
42 | Both | Barclays | 1 | Gardens Club Apartments | ||||||||
43 | Both | SMC | 1 | McCarthy Ranch | Best Buy | 51,250 | 01/31/2025 | Big Al's | 46,000 | 04/30/2034 | Ross Stores | 27,000 |
44 | Both | KeyBank | 1 | Bear Creek Storage | ||||||||
45 | Both | Barclays | 1 | Marbeya Business Park | DNV GL Energy USA | 4,255 | 04/30/2023 | Allied PRA Las Vegas (JEL Events) | 4,200 | 09/30/2022 | OMNI Financial of Nevada | 3,920 |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | ||||||||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | Rite Aid | 11,191 | 05/31/2030 | |||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | Family Dollar | 10,645 | 05/31/2027 | |||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | Family Dollar | 10,616 | 06/30/2030 | |||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | Family Dollar | 11,050 | 06/30/2031 | |||||
47 | Both | LMF | 1 | 57 4th Avenue | Canteen Delicatessen and Café | 1,070 | 12/31/2024 | New China Wok | 350 | 11/30/2024 | ||
48 | Both | LMF | 1 | Plainfield Commons II | Helzberg Diamonds | 4,500 | 01/31/2026 | Five Guys | 3,526 | 07/31/2029 | Qdoba | 2,400 |
49 | Both | SMC | 1 | Country Way Apartments | ||||||||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | ||||||||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | ||||||||
51.01 | Property | SMC | 1 | Black Canyon Storage | ||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | ||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | ||||||||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | Hirosawa Automotive Trim USA Co. | 45,388 | 09/30/2027 | |||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | ||||||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | ||||||||
56 | Both | LMF | 1 | Midtown Duplexes | ||||||||
57 | Both | LMF | 1 | Oak Forest MHC |
A-1-10 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
TENANCY INFORMATION(22)(23)(24) | ||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Lease Expiration | Fourth Largest Tenant | Unit Size | Lease Expiration | Fifth Largest Tenant | Unit Size | Lease Expiration | Loan Purpose |
1 | Both | SGFC | 1 | The Atlantic | Refinance | |||||||
2 | Both | BSPRT | 1 | Saddleback Business Park | 06/30/2024 | Dinu Nicola | 5,970 | 03/31/2021 | Beach Kids Therapy Center, Inc. | 5,520 | 02/28/2021 | Recapitalization |
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | Acquisition | |||||||
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | ||||||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | ||||||||
4 | Both | SMC | 1 | 744 Bedford Avenue | Refinance | |||||||
5 | Both | BSPRT | 1 | Crescent Gateway | 10/31/2029 | Pulse Fitness | 6,858 | 05/04/2032 | CareMetx, LLC | 6,267 | 06/30/2028 | Refinance |
6 | Both | LMF | 1 | Tollway Towers | 12/31/2025 | The Insurance Exchange | 13,401 | 06/30/2022 | Bellwether Enterprise Real Estate Capital | 10,335 | 04/30/2028 | Acquisition |
7 | Both | Barclays | 1 | 1 Solutions Parkway | Refinance | |||||||
8 | Both | BSPRT | 1 | Cypress Financial Center | 01/31/2022 | TD Bank, N.A. | 16,575 | 04/30/2027 | Marcus & Millichap | 12,772 | 09/30/2024 | Acquisition |
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | Refinance | |||||||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | 08/09/2022 | NFL Player Benefits | 11,585 | 04/30/2028 | The Daily Record | 6,355 | 04/30/2026 | Acquisition |
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | Acquisition | |||||||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | Refinance | |||||||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | ||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | ||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | ||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | ||||||||
13 | Both | LMF | 1 | Gardner Plaza | 12/31/2025 | Security Mortgage | 5,788 | 11/30/2025 | Timbers | 5,734 | 12/31/2029 | Refinance |
14 | Both | Barclays | 1 | 924 Overland Court | Acquisition | |||||||
15 | Both | BSPRT | 1 | Seaport Homes | Refinance | |||||||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | Refinance | |||||||
17 | Both | SGFC | 1 | Bayshore Mixed Use | 08/31/2028 | First Glass Winery | 3,059 | 11/30/2029 | JBBQ Neighborhood BBQ | 2,400 | 11/14/2030 | Refinance |
18 | Both | Barclays | 1 | 3Y | 06/30/2026 | KC DEC | 9,973 | 12/31/2029 | Ruby Receptionists (Subleased to OEC Freight) | 8,767 | 12/01/2029 | Refinance |
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | Acquisition | |||||||
19.01 | Property | LMF | 1 | Gary Tech | MTM | Carradus Land Survey | 6,719 | 09/30/2025 | Repeat Boutique | 6,063 | 06/30/2021 | |
19.02 | Property | LMF | 1 | Remington | 12/31/2021 | Astro Nova | 3,428 | 07/31/2022 | American Restoration | 3,185 | 08/31/2021 | |
19.03 | Property | LMF | 1 | Deerpath | 05/31/2025 | |||||||
19.04 | Property | LMF | 1 | Messner | MTM | Camp Bootcamp | 5,000 | 04/30/2022 | Duncan Flooring Specialists | 5,000 | 04/30/2021 | |
19.05 | Property | LMF | 1 | Janke | 12/31/2023 | Moto and Motor | 4,000 | 12/14/2022 | ||||
19.06 | Property | LMF | 1 | Saunders | 04/30/2024 | |||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | Refinance | |||||||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | ||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | ||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | ||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | Refinance | |||||||
21.01 | Property | LMF | 1 | Van Manor MHC | ||||||||
21.02 | Property | LMF | 1 | Preston MHC | ||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | ||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | ||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | Acquisition | |||||||
22.01 | Property | KeyBank | 1 | Round Rock | ||||||||
22.02 | Property | KeyBank | 1 | South Mopac | ||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | ||||||||
23 | Both | Barclays | 1 | Melrose Apartments | Refinance | |||||||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | Refinance/Acquisition | |||||||
24.01 | Property | SMC | 1 | Lakeview Terrace | ||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | ||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | ||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | ||||||||
24.05 | Property | SMC | 1 | Bannock MHC | ||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | 11/30/2025 | Ulta Salon | 9,618 | 10/31/2025 | Acquisition | |||
26 | Both | LMF | 1 | Hazle Marketplace | 12/31/2023 | GameStop | 1,500 | 01/31/2022 | Sally Beauty | 1,500 | 07/31/2022 | Refinance |
27 | Both | KeyBank | 1 | Centennial Hills | 07/31/2028 | PharmaScript | 7,691 | 11/23/2028 | Dr. Damaj | 5,244 | 07/31/2030 | Acquisition |
28 | Both | SGFC | 1 | Park Plaza | 09/30/2021 | Acquisition | ||||||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | Refinance | |||||||
29.01 | Property | Barclays | 1 | Lakewood Estates | ||||||||
29.02 | Property | Barclays | 1 | Sea Pines | ||||||||
29.03 | Property | Barclays | 1 | Heritage Point | ||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | ||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | 10/31/2022 | Reynolds Physical Therapy | 3,480 | 12/31/2022 | Village Pizza & Pasta | 2,500 | 12/31/2031 | Acquisition |
31 | Both | SGFC | 1 | Rowmark HQ | Recapitalization | |||||||
32 | Both | LMF | 1 | De Portola Medical Office | 10/31/2028 | Refinance | ||||||
33 | Both | Barclays | 1 | Arnold Industrial Park | 05/31/2024 | Big Toy Storage, LLC | 10,400 | 07/31/2025 | Courts & Clubs, Inc | 10,000 | 09/30/2025 | Refinance |
34 | Both | LMF | 1 | 126 Franklin Avenue | Refinance | |||||||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | MTM | Rockin E Custom Works | 4,150 | 04/30/2024 | Silver State Refrigeration & HVAC | 4,107 | 08/31/2021 | Refinance |
36 | Loan | KeyBank | 2 | Walgreens Portfolio | Acquisition | |||||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | ||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | ||||||||
37 | Both | Barclays | 1 | Holly Village | Refinance | |||||||
38 | Both | LMF | 1 | Hibiscus Plaza | 02/28/2024 | Children's Rehab Network | 3,317 | 12/28/2024 | US Post Office | 3,250 | 12/31/2023 | Refinance |
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | Acquisition | |||||||
39.01 | Property | LMF | 1 | Meadville Storage | ||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | ||||||||
39.03 | Property | LMF | 1 | Cambria Storage | ||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | Refinance | |||||||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | Refinance | |||||||
42 | Both | Barclays | 1 | Gardens Club Apartments | Acquisition | |||||||
43 | Both | SMC | 1 | McCarthy Ranch | 01/31/2025 | PetSmart | 25,416 | 04/30/2025 | Michael's | 23,781 | 06/30/2028 | Refinance |
44 | Both | KeyBank | 1 | Bear Creek Storage | Refinance | |||||||
45 | Both | Barclays | 1 | Marbeya Business Park | 01/31/2024 | LIFE Counseling | 3,361 | 06/30/2025 | Summerlin Healthcare | 3,182 | 06/30/2025 | Refinance |
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | Refinance | |||||||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | ||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | ||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | ||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | ||||||||
47 | Both | LMF | 1 | 57 4th Avenue | Refinance | |||||||
48 | Both | LMF | 1 | Plainfield Commons II | 02/28/2031 | Prime Communications (AT&T) | 2,000 | 09/30/2023 | Acquisition | |||
49 | Both | SMC | 1 | Country Way Apartments | Recapitalization | |||||||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | Acquisition | |||||||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | Acquisition | |||||||
51.01 | Property | SMC | 1 | Black Canyon Storage | ||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | ||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | Refinance | |||||||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | Refinance | |||||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | Refinance | |||||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | Acquisition | |||||||
56 | Both | LMF | 1 | Midtown Duplexes | Acquisition | |||||||
57 | Both | LMF | 1 | Oak Forest MHC | Acquisition |
A-1-11 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HOTEL OPERATING STATISTICS | |||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Principal/Carveout Guarantor(25) | Related Borrower(26) | Lockbox (Y/N)(27) | Lockbox Type | UW Occupancy (%) | UW ADR ($) | UW RevPAR ($) |
1 | Both | SGFC | 1 | The Atlantic | Matthew Pestronk, Michael Pestronk | No | Yes | Soft (Residential); Hard (Commercial) | |||
2 | Both | BSPRT | 1 | Saddleback Business Park | DT GRAT LM, LLC | No | Yes | Hard | |||
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | BREIT Operating Partnership L.P., MGM Growth Properties Operating Partnership LP | No | Yes | Hard | 92.1% | 196.52 | 180.94 |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 91.4% | 190.29 | 173.85 | ||||
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 92.8% | 202.98 | 188.40 | ||||
4 | Both | SMC | 1 | 744 Bedford Avenue | Mendel Roth | No | Yes | Springing | |||
5 | Both | BSPRT | 1 | Crescent Gateway | Gregory Fernebok, Robert Scheer | No | Yes | Hard | |||
6 | Both | LMF | 1 | Tollway Towers | Paul D. Larson, Larson Capital Fund VI, LLC | No | Yes | Springing | |||
7 | Both | Barclays | 1 | 1 Solutions Parkway | USRA Net Lease III Capital Corp. | No | Yes | Hard | |||
8 | Both | BSPRT | 1 | Cypress Financial Center | Z. Paul Akian, Sonia Akian | No | Yes | Hard | |||
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | Portsmouth Realty Corporation | No | Yes | Springing | |||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | See Annex A-1 footnotes for further details | No | Yes | Hard | |||
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | Pietro V. Scola, Joseph L. Fox | No | Yes | Soft | |||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | Lewis G. Pollack, Todd M. Allen | No | Yes | Springing | |||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | |||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | |||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | |||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | |||||||
13 | Both | LMF | 1 | Gardner Plaza | Daniel J. Gardner, William E. Gardner, DJG 2016 Trust, William E. Gardner 2012 Revocable Trust, DHG Family Trust U/A/D 4/22/2016 | No | Yes | Springing | |||
14 | Both | Barclays | 1 | 924 Overland Court | Wei Liu, Kefei Wang | No | Yes | Hard | |||
15 | Both | BSPRT | 1 | Seaport Homes | Laisin Leung | No | Yes | Springing | |||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | Mark L. Conzelman, M. Paul Conzelman | No | Yes | Springing | |||
17 | Both | SGFC | 1 | Bayshore Mixed Use | Michael Butler | No | Yes | Soft (Residential); Hard (Commercial) | |||
18 | Both | Barclays | 1 | 3Y | Ian Ross | No | Yes | Hard | |||
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | Andor Kovacs | Yes - Group 2 | Yes | Springing | |||
19.01 | Property | LMF | 1 | Gary Tech | |||||||
19.02 | Property | LMF | 1 | Remington | |||||||
19.03 | Property | LMF | 1 | Deerpath | |||||||
19.04 | Property | LMF | 1 | Messner | |||||||
19.05 | Property | LMF | 1 | Janke | |||||||
19.06 | Property | LMF | 1 | Saunders | |||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | Randall A. Haney, Carol L. Haney | No | Yes | Springing | |||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | |||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | |||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | |||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | George R. Jarkesy, Jr. | No | Yes | Soft | |||
21.01 | Property | LMF | 1 | Van Manor MHC | |||||||
21.02 | Property | LMF | 1 | Preston MHC | |||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | |||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | |||||||
22 | Loan | KeyBank | 3 | APC Portfolio | Jeff Pori | Yes - Group 1 | Yes | Hard | |||
22.01 | Property | KeyBank | 1 | Round Rock | |||||||
22.02 | Property | KeyBank | 1 | South Mopac | |||||||
22.03 | Property | KeyBank | 1 | Loop 360 | |||||||
23 | Both | Barclays | 1 | Melrose Apartments | Pinkal Jogani | No | Yes | Springing | |||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | Park Avenue Partners Fund 1, LLC | No | Yes | Springing | |||
24.01 | Property | SMC | 1 | Lakeview Terrace | |||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | |||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | |||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | |||||||
24.05 | Property | SMC | 1 | Bannock MHC | |||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | John L. Rubenstein | No | Yes | Hard | |||
26 | Both | LMF | 1 | Hazle Marketplace | E. Stanley Kroenke | No | Yes | Springing | |||
27 | Both | KeyBank | 1 | Centennial Hills | Jeff Pori | Yes - Group 1 | Yes | Hard | |||
28 | Both | SGFC | 1 | Park Plaza | Jeff Pori | Yes - Group 1 | Yes | Hard | |||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | John S. Ray | No | Yes | Springing | |||
29.01 | Property | Barclays | 1 | Lakewood Estates | |||||||
29.02 | Property | Barclays | 1 | Sea Pines | |||||||
29.03 | Property | Barclays | 1 | Heritage Point | |||||||
29.04 | Property | Barclays | 1 | Plantation Acres | |||||||
30 | Both | BSPRT | 1 | Chatham Crossing | Robert M. Stanton, George H. Metzger | No | Yes | Springing | |||
31 | Both | SGFC | 1 | Rowmark HQ | AG Net Lease IV Corp., AG Net Lease IV (Q) Corp., AG Net Lease Realty Fund IV Investments (H-1), L.P. | No | Yes | Hard | |||
32 | Both | LMF | 1 | De Portola Medical Office | Burley M. Wright | No | Yes | Springing | |||
33 | Both | Barclays | 1 | Arnold Industrial Park | Andrea A. Jeppesen, Tara Williams | No | Yes | Springing | |||
34 | Both | LMF | 1 | 126 Franklin Avenue | David A. Roth, David Dabakarov | No | Yes | Springing | |||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | Steven B. Anenberg, Trustee of the Steven B. Anenberg Irrevocable Trust dated November 28, 2011 | No | Yes | Springing | |||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | Howard Ruskin, Marilyn Lustbader | No | Yes | Springing | |||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | |||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | |||||||
37 | Both | Barclays | 1 | Holly Village | Theresa Baronci, Ugo Galleazzi, Teresa Galleazzi | No | Yes | Springing | |||
38 | Both | LMF | 1 | Hibiscus Plaza | Aaron Butler, Scott Silver | No | Yes | Springing | |||
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | Jonathan Salinas, Washington Street Investment Partners LLC | No | Yes | Springing | |||
39.01 | Property | LMF | 1 | Meadville Storage | |||||||
39.02 | Property | LMF | 1 | Johnstown Storage | |||||||
39.03 | Property | LMF | 1 | Cambria Storage | |||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | The Howell Marital Trust created by the Amended and Restated Howell Family Living Trust under agreement executed on September 22, 2010 | No | Yes | Springing | |||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | Mayank B. Patel | No | Yes | Springing | 71.0% | 101.07 | 71.71 |
42 | Both | Barclays | 1 | Gardens Club Apartments | Abraham Cherem, Alexis Elias | No | Yes | Springing | |||
43 | Both | SMC | 1 | McCarthy Ranch | MPI Realty Corp., Bonseph Holdings Limited, Eliahu Swirsky, Shlomo Cohen | No | Yes | Hard | |||
44 | Both | KeyBank | 1 | Bear Creek Storage | John M. Gossett | No | No | None | |||
45 | Both | Barclays | 1 | Marbeya Business Park | NAP | No | Yes | Hard | |||
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | Richard J. Sabella | No | Yes | Springing | |||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | |||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | |||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | |||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | |||||||
47 | Both | LMF | 1 | 57 4th Avenue | Abe Richard Cohen | No | Yes | Springing | |||
48 | Both | LMF | 1 | Plainfield Commons II | Isidoro Attie Laniado, Jose Chacalo Hilu, Elias Husni Hanono | No | Yes | Springing | |||
49 | Both | SMC | 1 | Country Way Apartments | Shalom Bellulo, Tzvi Ciner | No | Yes | Springing | |||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | Duamel Vellon, Myron McNeil, Edward Modzel | No | Yes | Soft | |||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | Chad Haggar, Anna Volkoff, Scott J. Warner | No | Yes | Springing | |||
51.01 | Property | SMC | 1 | Black Canyon Storage | |||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | |||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | Baldassare Raymond Russo IV, Linda R. Russo, Jeanne Sommerville | No | Yes | Springing | |||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | Eliahou S. Zami, Kenneth N. Cohen | No | Yes | Hard | |||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | Justin Peter Jensen | No | Yes | Springing | |||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | Brett Hatcher, Gabriel Coe, Cory Bonda | No | Yes | Springing | |||
56 | Both | LMF | 1 | Midtown Duplexes | Andor Kovacs | Yes - Group 2 | Yes | Springing | |||
57 | Both | LMF | 1 | Oak Forest MHC | Steven Cherin, John Michael Calin, Michael Forrest, Daniel Benedict, Dr. Anant J. Gandhi, as Trustee of the SASB Irrevocable Trust Dated June 14, 2014 | No | Yes | Springing |
A-1-12 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
HOTEL OPERATING STATISTICS | ||||||||||||||||
Mortgage Loan Number | Loan/Prop. | Mortgage Loan Seller(1) | # of Properties | Property Name | Most Recent Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | 2019 Occupancy (%) | 2019 ADR ($) | 2019 RevPAR ($) | 2018 Occupancy (%) | 2018 ADR ($) | 2018 RevPAR ($) | 2017 Occupancy (%) | 2017 ADR ($) | 2017 RevPAR ($) |
1 | Both | SGFC | 1 | The Atlantic | ||||||||||||
2 | Both | BSPRT | 1 | Saddleback Business Park | ||||||||||||
3 | Loan | Barclays; SGFC | 2 | MGM Grand & Mandalay Bay | 71.4% | 187.46 | 133.76 | 92.1% | 196.52 | 180.94 | 91.5% | 192.62 | 176.18 | 91.0% | 193.58 | 176.24 |
3.01 | Property | Barclays; SGFC | 1 | MGM Grand | 68.5% | 184.50 | 126.33 | 91.4% | 190.29 | 173.85 | 92.7% | 182.10 | 168.76 | 92.1% | 181.76 | 167.36 |
3.02 | Property | Barclays; SGFC | 1 | Mandalay Bay | 74.8% | 190.71 | 142.69 | 92.8% | 202.98 | 188.40 | 90.2% | 203.96 | 183.96 | 90.0% | 206.28 | 185.57 |
4 | Both | SMC | 1 | 744 Bedford Avenue | ||||||||||||
5 | Both | BSPRT | 1 | Crescent Gateway | ||||||||||||
6 | Both | LMF | 1 | Tollway Towers | ||||||||||||
7 | Both | Barclays | 1 | 1 Solutions Parkway | ||||||||||||
8 | Both | BSPRT | 1 | Cypress Financial Center | ||||||||||||
9 | Both | LMF | 1 | Tampa Bay Buccaneers Corporate Office Headquarters | ||||||||||||
10 | Both | Barclays | 1 | 200 St. Paul Plaza | ||||||||||||
11 | Both | Barclays | 1 | Attiva - Lewisville, TX | ||||||||||||
12 | Loan | SMC | 4 | Midgard Alabama Portfolio | ||||||||||||
12.01 | Property | SMC | 1 | Midgard Self-Storage Cloverleaf Drive | ||||||||||||
12.02 | Property | SMC | 1 | Midgard Self-Storage Mall Drive | ||||||||||||
12.03 | Property | SMC | 1 | Midgard Self-Storage Cox Boulevard | ||||||||||||
12.04 | Property | SMC | 1 | Midgard Self-Storage Chisholm Road | ||||||||||||
13 | Both | LMF | 1 | Gardner Plaza | ||||||||||||
14 | Both | Barclays | 1 | 924 Overland Court | ||||||||||||
15 | Both | BSPRT | 1 | Seaport Homes | ||||||||||||
16 | Both | KeyBank | 1 | My Self Storage Space - Fullerton | ||||||||||||
17 | Both | SGFC | 1 | Bayshore Mixed Use | ||||||||||||
18 | Both | Barclays | 1 | 3Y | ||||||||||||
19 | Loan | LMF | 6 | Kovacs Illinois Flex, Industrial & Office Portfolio | ||||||||||||
19.01 | Property | LMF | 1 | Gary Tech | ||||||||||||
19.02 | Property | LMF | 1 | Remington | ||||||||||||
19.03 | Property | LMF | 1 | Deerpath | ||||||||||||
19.04 | Property | LMF | 1 | Messner | ||||||||||||
19.05 | Property | LMF | 1 | Janke | ||||||||||||
19.06 | Property | LMF | 1 | Saunders | ||||||||||||
20 | Loan | KeyBank | 3 | Ameriguard Self Storage Portfolio | ||||||||||||
20.01 | Property | KeyBank | 1 | Ameriguard Ministorage - Swartz Creek | ||||||||||||
20.02 | Property | KeyBank | 1 | Ameriguard Ministorage - Burton | ||||||||||||
20.03 | Property | KeyBank | 1 | Ameriguard Ministorage - Fenton | ||||||||||||
21 | Loan | LMF | 4 | JFP Properties MHC Portfolio | ||||||||||||
21.01 | Property | LMF | 1 | Van Manor MHC | ||||||||||||
21.02 | Property | LMF | 1 | Preston MHC | ||||||||||||
21.03 | Property | LMF | 1 | Holiday Villas MHC | ||||||||||||
21.04 | Property | LMF | 1 | Red Dot RV/MHC | ||||||||||||
22 | Loan | KeyBank | 3 | APC Portfolio | ||||||||||||
22.01 | Property | KeyBank | 1 | Round Rock | �� | |||||||||||
22.02 | Property | KeyBank | 1 | South Mopac | ||||||||||||
22.03 | Property | KeyBank | 1 | Loop 360 | ||||||||||||
23 | Both | Barclays | 1 | Melrose Apartments | ||||||||||||
24 | Loan | SMC | 5 | Park Avenue MHP Portfolio | ||||||||||||
24.01 | Property | SMC | 1 | Lakeview Terrace | ||||||||||||
24.02 | Property | SMC | 1 | Breeze Lake MHP | ||||||||||||
24.03 | Property | SMC | 1 | Desert Oasis MHP | ||||||||||||
24.04 | Property | SMC | 1 | Sunset Palms MHP | ||||||||||||
24.05 | Property | SMC | 1 | Bannock MHC | ||||||||||||
25 | Both | Barclays | 1 | 2727 Iowa Street | ||||||||||||
26 | Both | LMF | 1 | Hazle Marketplace | ||||||||||||
27 | Both | KeyBank | 1 | Centennial Hills | ||||||||||||
28 | Both | SGFC | 1 | Park Plaza | ||||||||||||
29 | Loan | Barclays | 4 | Alabama Georgia MHC Portfolio | ||||||||||||
29.01 | Property | Barclays | 1 | Lakewood Estates | ||||||||||||
29.02 | Property | Barclays | 1 | Sea Pines | ||||||||||||
29.03 | Property | Barclays | 1 | Heritage Point | ||||||||||||
29.04 | Property | Barclays | 1 | Plantation Acres | ||||||||||||
30 | Both | BSPRT | 1 | Chatham Crossing | ||||||||||||
31 | Both | SGFC | 1 | Rowmark HQ | ||||||||||||
32 | Both | LMF | 1 | De Portola Medical Office | ||||||||||||
33 | Both | Barclays | 1 | Arnold Industrial Park | ||||||||||||
34 | Both | LMF | 1 | 126 Franklin Avenue | ||||||||||||
35 | Both | KeyBank | 1 | Kleppe Greg Business Park | ||||||||||||
36 | Loan | KeyBank | 2 | Walgreens Portfolio | ||||||||||||
36.01 | Property | KeyBank | 1 | Walgreens - Fall River | ||||||||||||
36.02 | Property | KeyBank | 1 | Walgreens - Prairie du Chien | ||||||||||||
37 | Both | Barclays | 1 | Holly Village | ||||||||||||
38 | Both | LMF | 1 | Hibiscus Plaza | ||||||||||||
39 | Loan | LMF | 3 | Washington Street Storage Portfolio | ||||||||||||
39.01 | Property | LMF | 1 | Meadville Storage | ||||||||||||
39.02 | Property | LMF | 1 | Johnstown Storage | ||||||||||||
39.03 | Property | LMF | 1 | Cambria Storage | ||||||||||||
40 | Both | SMC | 1 | Sunshine Self Storage Pensacola | ||||||||||||
41 | Both | LMF | 1 | Hampton Inn Arkadelphia | 66.4% | 79.79 | 52.96 | 72.3% | 101.39 | 73.30 | 82.7% | 94.94 | 78.53 | 81.1% | 102.59 | 83.19 |
42 | Both | Barclays | 1 | Gardens Club Apartments | ||||||||||||
43 | Both | SMC | 1 | McCarthy Ranch | ||||||||||||
44 | Both | KeyBank | 1 | Bear Creek Storage | ||||||||||||
45 | Both | Barclays | 1 | Marbeya Business Park | ||||||||||||
46 | Loan | LMF | 4 | Allerand Retail Portfolio 2 | ||||||||||||
46.01 | Property | LMF | 1 | Rite Aid Gibbstown | ||||||||||||
46.02 | Property | LMF | 1 | Family Dollar Southfield | ||||||||||||
46.03 | Property | LMF | 1 | Family Dollar Norfolk | ||||||||||||
46.04 | Property | LMF | 1 | Family Dollar Memphis | ||||||||||||
47 | Both | LMF | 1 | 57 4th Avenue | ||||||||||||
48 | Both | LMF | 1 | Plainfield Commons II | ||||||||||||
49 | Both | SMC | 1 | Country Way Apartments | ||||||||||||
50 | Both | Barclays | 1 | Amberwood Hills Apartments | ||||||||||||
51 | Loan | SMC | 2 | Storwise Self Storage Portfolio | ||||||||||||
51.01 | Property | SMC | 1 | Black Canyon Storage | ||||||||||||
51.02 | Property | SMC | 1 | Rimrock Self Storage | ||||||||||||
52 | Both | Barclays | 1 | Cornerstone Apartments | ||||||||||||
53 | Both | Barclays | 1 | 43500 Gen Mar Drive | ||||||||||||
54 | Both | Barclays | 1 | Arcadia Cove Apartments | ||||||||||||
55 | Both | LMF | 1 | Steaux-N-Geaux Storage | ||||||||||||
56 | Both | LMF | 1 | Midtown Duplexes | ||||||||||||
57 | Both | LMF | 1 | Oak Forest MHC |
A-1-13 |
Footnotes to Annex A-1
(1) | “Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller, “SGFC” denotes Societe Generale Financial Corporation as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller, “BSPRT” denotes BSPRT CMBS Finance, LLC as Mortgage Loan Seller. |
(2) | With respect to Loan No. 1, The Atlantic, the mortgaged property is comprised of: (i) one building containing 268 apartments units, two retail suites totaling 11,194 square feet and 30 storage units and (ii) a separate parking garage containing 135 parking spaces and one retail suite totaling 3,300 square feet. With respect to Loan No. 3, MGM Grand & Mandalay Bay, each of the related mortgaged properties consists of a resort and casino and, as of the trailing 12 months ending September 30, 2020 (i) with respect to the Mandalay Bay mortgaged property, approximately 34.0% of the revenues were from hotel rooms, approximately 26.5% of the revenues were from food and beverage sales, approximately 17.5% of the revenues were from gaming, and approximately 22.0% of the revenues were from other sources and (ii) with respect to the MGM Grand mortgaged property, approximately 27.0% of the revenues were from hotel rooms, approximately 23.1% of the revenues were from food and beverage sales, approximately 26.9% of the revenues were from gaming, and approximately 23.1% of the revenues were from other sources. With respect to Loan No. 4, 744 Bedford Avenue, the mortgaged property is comprised of 36,000 square feet of retail space, 88 multifamily units and 76 parking spaces. With respect to Loan No. 5, Crescent Gateway, the mortgaged property is comprised of 112,943 square feet of office space and 31,786 square feet of retail space. With respect to Loan No. 10, 200 St. Paul Plaza, the mortgaged property is comprised of 259,241 square feet of office space, 6,274 square feet of retail space and 927 parking spaces. With respect to Loan No. 13, Gardner Plaza, the mortgaged property is comprised of 45,836 square feet of office space and 23,236 square feet of retail space. With respect to Loan No. 17, Bayshore Mixed Use, the mortgaged property is comprised of 26 second floor residential units (56,186 square feet), six ground floor retail units (14,989 square feet) and eight ground floor office units (21,186 square feet). With respect to Loan No. 24, Park Avenue MHP Portfolio, the Lakeview Terrace mortgaged property is comprised of 176 pads and 28 multifamily units. With respect to Loan No. 47, 57 4th Avenue, the mortgaged property is comprised of 2,955 square feet of multifamily space and 1,420 square feet of retail space. With respect to Loan No. 57, Oak Forest MHC, the mortgaged property includes 97 mobile home pad sites (approximately 89.4% of in-place rent), seven apartment units (approximately 8.9% of in-place rent) and one single family home (approximately 1.7% of in-place rent). |
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. |
(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus. |
A-1-14 |
With respect to Loan No. 12, Midgard Alabama Portfolio, historical occupancy is based on square footage rather than unit count. | |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, the Current LTV (%) and the Maturity/ARD LTV (%) are based on the “as-is” Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the Appraised Value ($) of $4,600,000,000 represents 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 mortgaged 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 $7,352,600,000 (“Aggregate As Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay Bay mortgaged properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay mortgaged properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay mortgaged properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay borrowers to the mortgage lender. With respect to Loan No. 5, Crescent Gateway, the Appraised Value ($) represents the "As Is Hypothetical" value of $75,400,000 as of December 2, 2020, which assumes that the Fourth Largest Tenant, Pulse Fitness, is in place at the mortgaged property with no TI allowance or free rent obligation outstanding. As of January 28, 2021, Pulse Fitness has taken possession of its space and is currently performing its tenant build out. Pulse Fitness will receive nine months of free rent commencing on the earlier of 180 days from the date of possession or upon substantial completion of its space buildout. All applicable gap rent and unfunded TI obligations related to Pulse Fitness was reserved for in connection with the origination of the Crescent Gateway Mortgage Loan. The Current LTV (%) and Maturity/ARD Date LTV (%) based on the “As-Is” value of $74.8 million are 64.1% and 51.0%, respectively. With respect to Loan No. 8, Cypress Financial Center, the Appraised Value ($) represents the "As Stabilized" value of $47,800,000 as of December 1, 2022, which assumes that the Largest Tenant Hayes Medical Staffing (“Hayes”) is in full occupancy of its total space of 77,902 square feet at the mortgaged property. As of December 18, 2020, Hayes occupies 19,644 square feet at the Cypress Financial Center mortgaged property and is in full operation in this space and fully paying rent. Hayes is scheduled to take occupancy of an additional 18,745 square feet in the third quarter of 2021 and then move into its remaining 38,703 square feet space in April 2022. All applicable free rent and gap rent related to the Hayes space was reserved for in connection with the origination of the Cypress Financial Center Mortgage Loan. The Current LTV (%) and Maturity/ARD Date LTV (%) based on the “As-Is” value of $39.8 million are 69.4% and 69.4%, respectively. With respect to Loan No. 18, 3Y, the related appraisal treated a $97,000 escrow for tenant improvements as transferrable during a sale as cash and as such, the cost of the remaining tenant improvements were not reflected in the related appraisal’s analysis. |
With respect to Loan No. 25, 2727 Iowa Street, the as-is appraised value of $15,325,000 is subject to an extraordinary assumption that the lender would be escrowing $425,000 of cash at origination in a lender-controlled account to fund the tenant improvement and leasing costs for the future renewal of existing tenants and for leasing of new tenants. This extraordinary assumption assumes that the $425,000 tenant improvement and leasing costs escrow will be used solely to offset future leasing costs, and therefore, the appraiser has given credit to this escrow in its estimation of value. A separate value was not provided. Such amount was reserved at the origination of the mortgage loan. | |
With respect to Loan No. 38, Hibiscus Plaza, the Appraised Value ($) represents the "As Stabilized" value of $10,420,000 as of January 1, 2022, which assumes that Dairy Queen, which signed a 25-year lease, will take |
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| over its space and start paying rent on January 1, 2022. Dairy Queen is currently waiting for approval to commence construction of the space. Dairy Queen has the right to terminate its lease if Miami-Dade County or Palmetto Bay fails to give unconditional approval of the site plan before May 5, 2021. At loan origination, the borrower deposited $300,000 to a TI reserve and $30,650 to a LC reserve for Dairy Queen. The Current LTV (%) and Maturity/ARD Date LTV (%) based on the “As-Is” value of $10,060,000 are 61.5% and 49.8%, respectively.
With respect to Loan No. 39, Washington Street Storage Portfolio, the Appraised Value ($) represents the "As Portfolio" value of $9,690,000, which includes a portfolio premium for the mortgaged properties if sold together on a bulk basis. The sum of the “as-is” appraised values on a stand-alone basis is $9,000,000. The Current LTV (%) and Maturity/ARD LTV (%) representing the sum of the “as-is” individual appraised values are 64.4% and 55.7%, respectively. |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Current Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
(7) | The Original Balance ($) and Current Balance ($) represent only the mortgage loan included in the issuing entity. The U/W NOI DSCR (x), U/W NCF DSCR (x), Current LTV (%), Maturity/ARD LTV (%), Current U/W NOI Debt Yield (%), Current U/W NCF Debt Yield (%) and Current Balance per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1 as 1, 3, 5, 15 and 43, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. With respect to Loan No. 3, MGM Grand & Mandalay Bay, control rights are currently exercised by the holder of the related subordinate companion loan until the occurrence and during the continuance of a control appraisal period for the related whole loan, as described under “Description of the Mortgage Pool—The Whole Loans—The Non-Serviced AB Whole Loans—The MGM Grand & Mandalay Bay Whole Loan” in the preliminary prospectus. |
(8) | For each mortgage loan, the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representation Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
(9) | For the mortgage loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, the Monthly Debt Service Amount ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
(10) | With respect to Loan No. 9, Tampa Bay Buccaneers Corporate Office Headquarters, a Grace Period (Late Payment) of ten days is allowed. With respect to Loan No. 26, Hazle Marketplace, a Grace Period (Late Payment) of five days is allowed. With respect to Loan No. 47, 57 4th Avenue, a Grace Period (Late Payment) of five days is allowed. With respect to Loan No. 50, Amberwood Hills Apartments, a Grace Period (late payment) of 5 days is allowed. If any principal, interest or any other sums due under the loan documents is not paid by the borrower within 5 days following the date on which it is due, the borrower is required to pay to the lender upon demand an amount equal to the lesser of 5% of such unpaid sum or the maximum amount permitted by applicable law in |
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order to defray the expense incurred by the lender in handling and processing such delinquent payment and to compensate the lender for the loss of the use of such delinquent payment.
With respect to Loan No. 56, Midtown Duplexes, a Grace Period (Late Payment) of ten days is allowed. | |
(11) | With respect to Loan No. 3, MGM Grand & Mandalay Bay, the MGM Grand & Mandalay Bay whole loan is structured with an anticipated repayment date of March 5, 2030 (the “ARD”) and a final maturity date of March 5, 2032. The monthly debt service payments are based on an initial interest rate of 3.55800% and are interest-only through the ARD. Commencing on the ARD and each payment date thereafter, the MGM Grand & Mandalay Bay whole loan will accrue interest at an interest rate equal to the sum of (i) 2.00% plus (ii) the greater of (A) the sum of (1) the ARD Treasury Note Rate (as defined in the loan documents) plus (2) 1.77% and (B) 3.55800%, through the final maturity date. |
(12) | The “L” component of the prepayment provision represents lockout payments. The “Def” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. Certain 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 the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus. With respect to Loan No. 1, The Atlantic, the lockout period will be at least 25 payments beginning with and including the first payment date of March 5, 2021. The borrowers have the option to prepay The Atlantic whole loan in full, together with a yield maintenance premium equal to the greater of yield maintenance or 1% of the outstanding principal balance of The Atlantic whole loan only on a business day after the date that is the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note comprising The Atlantic whole loan to be securitized and (ii) January 28, 2024. The assumed lockout period of 25 payments is based on the expected closing date of this transaction in March 2021. The actual lockout period may be longer. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the borrower is permitted to prepay the MGM Grand & Mandalay Bay whole loan in whole or in part at any time provided that, amongst other things, if such prepayment occurs prior to September 5, 2029, the borrower must pay the applicable yield maintenance premium (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 default release). Defeasance of the MGM Grand & Mandalay Bay whole loan is permitted at any time on or after February 14, 2023. The assumed defeasance lockout period of 35 payments is based on the closing date of this transaction in March 2021. The actual lockout period may be longer. With respect to Loan No. 5, Crescent Gateway, the borrower has the right, at any time after the date that is two years from the closing date of the securitization that includes the last note comprising the Crescent Gateway whole loan to be securitized and prior to November 6, 2030 and in connection with a sale of the gross floor area permitted to be built at the Crescent Gateway mortgaged property which is in excess of the existing gross floor area of the Crescent Gateway mortgaged property as of the origination of the Crescent Gateway whole loan (such development rights, the “Excess Floor Area Rights”), to voluntarily defease a portion of the outstanding principal balance of the Crescent Gateway whole loan and obtain a release of the lien of the mortgage as to the Excess Floor Area Rights by providing the lender with the partial defeasance collateral and upon satisfaction of certain conditions. With respect to Loan No. 15, Seaport Homes, defeasance of the Seaport Homes whole loan is permitted at any time after the earlier of (i) the end of the two-year period commencing on the closing date of the securitization of the last note comprising the Seaport Homes whole loan to be securitized or (ii) February 3, 2024. The assumed defeasance lockout period of 25 payments is based on the closing date of this transaction in March 2021. The actual lockout period may be longer. |
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With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the borrowers have the right at any time after March 10, 2023 and prior to October 6, 2030 to obtain the release of an individual mortgaged property from the lien of the mortgage provided, among other conditions, (i) the borrowers make a defeasance payment in an amount equal to 125% of the allocated loan amount for such individual mortgaged property, (ii) after giving effect to such release (a) the debt service coverage ratio with respect to the individual mortgaged properties remaining subject to the lien of the mortgage loan is not less than the greater of (1) 1.30x and (2) the debt service coverage ratio as of the date immediately preceding such release and (b) the loan-to-value ratio is not greater than the lesser of (1) 68.0%, and (2) the loan-to-value ratio as of the date immediately preceding such release, and (iii) the REMIC release requirements are satisfied. With respect to Loan No. 24, Park Avenue MHP Portfolio, the borrowers are permitted to obtain the release of an individual mortgaged property after the expiration of the lockout period and prior to the open prepayment date, provided, among other conditions: (i) no event of default is continuing; (ii) the borrowers make a defeasance payment in an amount equal to the greatest of (a) 140% of the allocated loan amount with respect to the individual mortgaged property to be released; (b) following such release, the amount which would result in the debt service coverage ratio immediately following the release being not less than 2.05x; (c) following such release, the amount which would result in the loan-to-value ratio of all remaining mortgaged properties being not greater than 57.6%; (c) the amount which would result in the debt yield immediately following the release being not less than 11.9%; (iii) no individual mortgaged property other than the Breeze Lake MHP mortgaged property or the Sunset Palms MHP mortgaged property will be permitted to be the subject of a partial defeasance unless both the Breeze Lake MHP mortgaged property and Sunset Palms MHP mortgaged property have been the subject of a partial defeasance and (iv) the customary REMIC release requirements are satisfied. With respect to Loan No. 36, Walgreens Portfolio, following the lockout period, the borrower may obtain the release of one or more individual mortgaged properties, provided that, among other things, the borrower pays a release price in an amount equal to the greater of 110% of the allocated loan amount or 80% of the proceeds from the sale of the applicable mortgaged property. For the Walgreens – Fall River mortgaged property, in the event a casualty or condemnation event occurs and the related mortgaged property is unable to be substantially rebuilt, the Walgreens – Fall River mortgaged property may be released provided the borrower pays down the mortgage loan in the amount of the allocated loan amount for the Walgreens –Fall River mortgaged property. With respect to Loan No. 39, Washington Street Storage Portfolio, the borrowers have the right at any time after March 10, 2023 and prior to October 6, 2030 to obtain the release of an individual mortgaged property from the lien of the mortgage provided, among other conditions, (i) the borrowers partially defease the mortgage loan in an amount equal to 125% of the allocated loan amount for the individual mortgaged property to be released, (ii) after giving effect to such release (a) the debt service coverage ratio with respect to the remaining individual mortgaged properties is not less than the greater of (1) 1.83x and (2) the debt service coverage ratio as of the date immediately preceding such release and (b) the loan-to-value ratio is not greater than the lesser of (1) 59.9% and (2) the loan-to-value ratio as of the date immediately preceding such release, and (iii) the REMIC release requirements are satisfied. With respect to Loan No. 46, Allerand Retail Portfolio 2, the borrowers have the right at any time after December 2, 2022 and prior to June 6, 2030 to obtain the release of the Rite Aid Gibbstown mortgaged property and, following the release of the Rite Aid Gibbstown mortgaged property, the release of one or all of the mortgaged properties leased to Family Dollar from the lien of the mortgage provided, among other conditions, (i) the borrowers make a partial prepayment in an amount equal to 125% of the allocated loan amount for such individual mortgaged property together with any applicable yield maintenance premium; (ii) after giving effect to such release (a) the debt service coverage ratio with respect to the individual mortgaged properties remaining subject to the lien of the mortgage loan is not less than the greater of (1) 1.68x and (2) the debt service coverage ratio as of the date immediately preceding such release and (b) the loan-to-value ratio is not greater than the lesser of (1) 58.6% and (2) the loan-to-value ratio as of the date immediately preceding such release, and (iii) the REMIC release requirements are satisfied. With respect to Loan No. 57, Oak Forest MHC, the mortgaged property includes certain pad sites that contain mobile homes owned by the borrower (“Owned Homes”). The Owned Homes were not included in the underwriting. The mortgage loan documents permit the release of any Owned Home in connection with the sale |
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to a third-party tenant (pursuant to the terms of the mortgage loan documents). The proceeds of the sale of Owned Homes will be retained by the borrower without any corresponding prepayment of the mortgage loan. | |
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” and “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 1, The Atlantic, the whole loan is comprised of six pari passu promissory notes that have an aggregate Cut-off Date Balance of $125,000,000. Note A-1, with a Cut-off Date Balance of $50,000,000, and Note A-2, with a Cut-off Date Balance of $25,000,000, are included in the BBCMS 2021-C9 securitization trust. In addition, at origination of The Atlantic mortgage loan, a related mezzanine loan with a Cut-off Date Balance of $40,000,000 was also funded. Such mezzanine loan is not included in the BBCMS 2021-C9 securitization trust. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the MGM Grand & Mandalay Bay whole loan includes 20 pari passu subordinate B-Notes (B-1-A, B-1-B, B-2-A, B-2-B, B-3-A, B-3-B, B-4-A, B-4-B, B-5-A, B-5-B, B-6-A, B-6-B, B-7-A, B-7-B, B-8-A, B-8-B, B-9-A, B-10-A, B-11-A, B-12-A) and 4 pari passu subordinate C-Notes (C-1, C-2, C-3, C-4) which have a combined Cut-off Date Balance of $1,365,800,000 and are not included in the BBCMS 2021-C9 securitization trust. All loan level metrics are based on the MGM Grand & Mandalay Bay whole loan balance excluding the B-Notes and C-Notes. Future mezzanine debt is permitted provided that, among other conditions (i) no event of default is continuing, (ii) the principal amount of the mezzanine loan may in no event be greater than an amount equal to the amount that yields (x) an aggregate LTV ratio of 67% and (y) a DSCR equal to 4.81x and (iii) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender. With respect to Loan No. 6, Tollway Towers, future mezzanine debt is permitted provided, among other conditions: (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio is no greater than 60.7%, (iii) the combined debt service coverage ratio is no less than 1.35x, (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (v) the borrowers obtain rating agency confirmation. With respect to Loan No. 18, 3Y, the 3Y total debt includes a mezzanine loan which has a Cut-off Date Balance of approximately $4,354,348 and is not included in the BBCMS 2021-C9 securitization trust. All loan level metrics are based on the 3Y mortgage loan and exclude the mezzanine loan. With respect to Loan No. 24, Park Avenue MHP Portfolio, the borrowers are permitted to incur future mezzanine debt provided that, among other conditions (i) the combined loan-to-value ratio is no greater than 57.6%, (ii) the combined debt yield is equal to or greater than 11.9%, (iii) the combined debt service coverage ratio is equal to or greater than 2.05x, (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (v) the borrower obtains rating agency confirmation. With respect to Loan No. 31, Rowmark HQ, future mezzanine debt is permitted provided, among other conditions (i) no event of default has occurred and is continuing, (ii) the combined loan-to-value ratio of the Rowmark HQ mortgage loan and such mezzanine loan is not greater than 62.8%, (iii) the combined debt service coverage ratio of the Rowmark HQ mortgage loan and such mezzanine loan is not less than 1.65x, (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender and (v) the borrower obtains rating agency confirmation. |
With respect to Loan No. 49, Country Way Apartments, the borrower is permitted to incur future mezzanine debt provided that, among other conditions (i) the combined loan-to-value ratio is no greater than 61.4%, (ii) the combined debt yield is equal to or greater than 10.4%, (iii) the combined debt service coverage ratio is equal to or greater than 1.86x, (iv) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender, and (v) the borrower obtains rating agency confirmation. | |
With respect to Loan No. 49, Country Way Apartments, the managing member of the borrower pledged all of its assets as collateral for an SBA loan with an outstanding balance of $50,000. See “Description of the Mortgage Pool—Additional Indebtedness—Other Secured Indebtedness” in the preliminary prospectus. |
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(14) | The U/W NOI DSCR (x) and U/W NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the Note Date during the term of the mortgage loan. |
(15) | With respect to Loan No. 17, Bayshore Mixed Use, the rent for the Third Largest Tenant, Northwell Health, is straight line rent through lease expiration in 2028. With respect to Loan No. 25, 2727 Iowa Street, underwriting provides a $42,500 credit to the lender’s UW TI/LC expenses which reflects the 10-year average of the lender’s upfront $425,000 TI/LC reserve. With respect to Loan No. 45, Marbeya Business Park, underwriting provides a $40,000 credit to the lender’s UW TI/LC expenses which reflects the 10-year average of the lender’s upfront $400,000 TI/LC reserve. |
(16) | In certain cases, U/W Capital Items ($) is inclusive of certain credits for upfront reserves taken at closing. |
(17) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. With respect to Loan No. 1, The Atlantic, historical financials are not available as The Atlantic mortgaged property was under renovation between 2018 and 2020. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the increase by 10% or more from Most Recent NOI (if past 2019) ($) to U/W Net Operating Income ($) is a result of the temporary closure of the MGM Grand & Mandalay Bay mortgaged properties due to the COVID-19 pandemic. On May 1, 2020, MGM Resorts International reported that, as a result of the temporary closure of its domestic properties (which includes the MGM Grand & Mandalay Bay mortgaged properties) following the outbreak of COVID-19, its domestic properties (which includes the MGM Grand & Mandalay Bay mortgaged properties) were effectively generating no revenue, there were high levels of room and convention cancellation through the third quarter of 2020, and that, following the re-opening of its domestic properties (which includes the MGM Grand & Mandalay Bay mortgaged properties), it expected weakened demand in light of consumer fears and general economic uncertainty, among other things. With respect to Loan No. 4, 744 Bedford Avenue, historical financials are not available because the mortgaged property was completed in 2020. With respect to Loan No. 13, Gardner Plaza, historical financials are not available because the mortgaged property was constructed in 2020. With respect to Loan No. 16, My Self Storage Space – Fullerton, historical financials prior to 2019 are not available as the mortgaged property was built in 2018. With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, historical financials of certain mortgaged properties are not available as a result of acquisition financing. With respect to Loan No. 22, APC Portfolio, the mortgage loan represents acquisition financing and the seller did not provide operating history for the portfolio. With respect to Loan No. 24, Park Avenue MHP Portfolio, 2017 financial information was not made available by the prior owners of the mortgaged properties. Additionally, certain 2019 and most recent financial information is limited due to the timing of the acquisitions of the mortgaged properties and information made available by the prior owners of the mortgaged properties. With respect to Loan No. 27, Centennial Hills, the mortgage loan represents acquisition financing and the seller provided limited operating history. With respect to Loan No. 31, Rowmark HQ, the mortgage loan represents recapitalization financing and the seller provided limited operating history for the mortgaged property. With respect to Loan No. 32, De Portola Medical Office, historical financials are not available because the mortgaged property was constructed in 2019. |
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| With respect to Loan No. 36, Walgreens Portfolio, the mortgage loan represents acquisition financing and the seller did not provide operating history for the portfolio. With respect to Loan No. 42, Gardens Club Apartments, historical financials are not available because the property was constructed in 2020. With respect to Loan No. 44, Bear Creek Storage, 2017 financial information was not made available to the borrower. With respect to Loan No. 47, 57 4th Avenue, historical financials are not available because the mortgaged property was acquired in 2019 and went through renovation in 2020. With respect to Loan No. 51, Storwise Self Storage Portfolio, 2017 financial information was not made available by the prior owners of the mortgaged properties. With respect to Loan No. 53, 43500 Gen Mar Drive, historical financials are not available because the mortgaged property was leased to a new tenant in March 2020, and the historical financials do not reflect an accurate representation of the cash flows going forward. With respect to Loan No. 55, Steaux-N-Geaux Storage, historical financials are not available as a result of acquisition financing. |
(18) | With respect to Loan No. 4, 744 Bedford Avenue, the mortgaged property is secured by the borrower’s fee interest in the related mortgaged property. The commercial portion of the mortgaged property is subject to a ground lease between the borrower, as ground lessor, New York City Industrial Development Agency, as ground lessee, and the borrower, as ground sub-lessee. The current rent due under the ground lease is a one-time payment of $10, which has been paid in full. The current rent due under the ground sub-lease is a one-time payment of $1, which has been paid in full. Each of the ground lease and ground sub-lease are scheduled to terminate on June 30, 2046. With respect to Loan No. 22, APC Portfolio, the collateral for the Round Rock mortgaged property consists of the borrower’s fee interest in the Round Rock medical office, 111 borrower owned parking spaces and an additional 44 parking spaces ground leased from the Texas Department of Transportation. |
(19) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. With respect to Loan No. 17, Bayshore Mixed Use, at origination the borrower sponsor reserved $50,000 for a master lease rent reserve to cover one year rent for one residential unit at the mortgaged property to reach a stabilized 95% occupancy as required pursuant to the Bayshore Mixed Use mortgage loan documents. The borrower sponsor is required to cause the master lease to remain in full force and effect as long as necessary to ensure a stabilized 95% occupancy at the Bayshore Mixed Use mortgaged property. With respect to Loan No. 30, Chatham Crossing, the borrower reserved $400,000 for outstanding tenant improvements related to Lowes Foods’ façade upgrades contemplated in their renewal amendment. In the event that any funds remain in the Lowes Foods TI Reserve on or after July 17, 2022, the lender is required to disburse to the borrower any remaining funds from such reserve account upon satisfying the following conditions: (i) such request is made by the borrower in writing, (ii) simultaneously with such request, borrower provides to the lender an officer’s certificate certifying that (a) Lowes Foods has not requested that the borrower tender the landlord’s contribution pursuant to the lease, (b) no sums are due to Lowes Foods from borrower under the lease, (c) Lowes Foods has no claim against borrower and no offset or defense to enforcement of any terms of the Lowes Foods lease, and (d) the Lowes Food lease is in full effect, and (iii) no event of default exists under the lease and under the Chatham Crossing mortgage loan. |
(20) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective mortgage loan documents. In certain other cases, all excess cash flow will be swept |
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into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. With respect to Loan No. 1, The Atlantic, on March 1, 2021, provided that (i) no event of default under The Atlantic mortgage loan documents has occurred and is continuing, (ii) no cash sweep period under The Atlantic mortgage loan documents exists and is continuing, and (iii) the Steak 48 lease is in full force and effect with no defaults beyond any applicable notice and cure periods, the lender will, provided sufficient sums remain on deposit in the free rent reserve subaccount, release to the related borrowers a portion of the free rent reserve fund equal to the amount allocated for such calendar month. On March 1, 2021, if a cash sweep period has occurred and is continuing, so long as (i) no event of default has occurred and is continuing, and (ii) the Steak 48 lease is in full force and effect with no defaults thereunder beyond any applicable notice and cure periods, the lender will transfer, or will cause to be transferred, $27,731.25 from the free rent reserve to the deposit account. With respect to Loan No. 1, The Atlantic, in the event that a blanket insurance policy is in effect providing the same protection as would a separate insurance policy insuring only the mortgaged property, deposits into the insurance escrow account will be suspended. As of the origination date, The Atlantic mortgaged property is insured under a blanket insurance policy. With respect to Loan No. 1, The Atlantic, in the event that (i) there is a debt service reserve shortfall, (ii) no event of default , monetary default or material non-monetary default has occurred and is continuing, (iii) the DSCR is less than 1.00x, and (iv) the amount of funds on deposit in the shortfall reserve subaccount exceeds $1,130,000 (the “Shortfall Reserve Subaccount Floor”), the lender will apply funds in the shortfall reserve subaccount in an amount equal to the shortfall, for the purpose of paying, in full, the remaining unpaid portion of the monthly total payment amount with respect to such payment date. Upon the occurrence and during the continuance of a monetary default, material non-monetary default and/or event of default under The Atlantic mortgage loan documents, the lender will have the right to continue to apply funds held in the shortfall reserve subaccount to pay any shortfall. The lender will disburse to the borrower all funds then on deposit in the shortfall reserve subaccount upon satisfaction of all of the following conditions: (i) for nine consecutive payment dates, the rents generated by The Atlantic mortgaged property have been sufficient to pay (and have paid) the monthly total payment amount on each respective payment date (i.e., without the application of any funds from the shortfall reserve subaccount and/or from the borrower’s own equity), (ii) the net operating income for the six month period ending with the most recently completed calendar month has been equal to or greater than $4,050,000, (iii) the related borrower has provided the lender with a written request at least 15 days prior to the date of such requested disbursement, and (iv) no monetary default, material non-monetary default, event of default and/or cash sweep period under The Atlantic mortgage loan documents has occurred and is then continuing. With respect to Loan No. 2, Saddleback Business Park, the borrower is required to make a monthly deposit of $24,264.00 if the amount of the TI/LC Reserve is less than $1,000,000, subject to a cap of $1,000,000. With respect to Loan No. 5, Crescent Gateway, the borrower is required to make a monthly deposit of $12,060.75 if the amount of the TI/LC Reserve is less than $2,000,000, subject to a cap of $2,000,000. Provided that (i) no event of default is continuing, (ii) at least 75.0% of the Cystic Fibrosis Foundation space is being directly leased, (iii) at least 85% of the mortgaged property is occupied and (iv) the lender is satisfied that such conditions have been satisfied, the TI/LC Reserve cap will be decreased to $1,500,000. To the extent the amount of the TI/LC Reserve is less than $1,500,000, the borrower is required to make a monthly deposit of $12,060.75 subject to a cap of $1,500,000. | |
With respect to Loan No. 9, Tampa Bay Buccaneers Corporate Office Headquarters, as of the mortgage loan origination date, the borrower is required to make monthly deposits into the reserves for taxes and insurance. Notwithstanding the forgoing, (A) monthly tax deposits will not be required if (i) no event of default exists, (ii) the tenant pays the real estate taxes directly to the appropriate taxing authority and (iii) the borrower delivers to the lender satisfactory evidence that such real estate taxes have been paid in full, and (B) monthly deposits for insurance premiums will not be required if (i) no event of default exists, (ii) the tenant maintains insurance policies in accordance with the mortgage loan documents and pays insurance premiums directly to the insurer or agent, and (iii) the borrower provides proof of such payments to the lender within five days of such payment. |
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With respect to Loan No. 15, Seaport Homes, during the continuance of a cash sweep period, the borrower is required to deposit (a) 1/12th of an amount which would be sufficient to pay taxes payable during the next 12 months and (b) 1/12th of the annual estimated insurance premium payments. With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the borrower is required to make a monthly TI/LC deposit of $6,250 to the TI/LC reserve account (capped at $650,000) when the funds in the account are less than $650,000. With respect to Loan No. 22, APC Portfolio, when the tenant improvements reserve falls below the $693,540 cap, the borrower will be required to escrow approximately $5,780 on a monthly basis for tenant improvements. With respect to Loan No. 23, Melrose Apartments, the borrower is required to make monthly payments of an amount equal to $4,600 in January 2023 and on each subsequent payment date thereafter for capital expenditures. With respect to Loan No. 25, 2727 Iowa Street, the borrower is required to make monthly payments of an amount equal to $7,087 for tenant improvements and leasing commissions, provided that the borrower will not be required to escrow such amounts if (i) no event of default has occurred and is continuing and (ii) the balance of the rollover reserve account equals or exceeds $425,000. With respect to Loan No. 26, Hazle Marketplace, monthly tax, insurance, TI/LC, and capex escrow deposits are waived so long as the cash management trigger event has not occurred. Once cash management is triggered, deposits into the TI/LC reserve account will be subject to a cap of $537,565. With respect to Loan No. 27, Centennial Hills, when the tenant improvements reserve falls below the $900,000 cap, the borrower will be required to escrow $5,477 on a monthly basis for tenant improvements. With respect to Loan No. 27, Centennial Hills, deposits into the capital expenditure reserve are suspended until the February 1, 2026 payment date. At such time, the borrower will be required to escrow approximately $953 on a monthly basis for capital expenditures. With respect to Loan No. 30, Chatham Crossing, from March 6, 2021 to February 5, 2026, if the balance of the TI/LC Reserve fund is less than $300,000, the borrower is required to deposit $5,363.19 per month subject to a cap of $300,000. From February 6, 2026 to February 6, 2031, if the balance of the TI/LC Reserve is less than $500,000, the borrower is required to deposit $5,363.19 per month subject to a cap of $500,000. | |
With respect to Loan No. 35, Kleppe Greg Business Park, when the tenant improvements reserve falls below the $292,590 cap, the borrower will be required to escrow $9,402 on a monthly basis for tenant improvements. With respect to Loan No. 37, Holly Village, the borrower is required to make monthly payments of an amount equal to $50.00 per pad per annum for approved capital expenditures, provided that the borrower will not be required to escrow such amounts if (i) no event of default has occurred and is continuing, (ii) the debt service coverage ratio is greater than 1.30x for two consecutive calendar quarters and (iii) the borrower does not fail to deliver prior to the last three months of the loan term a loan commitment or other similar agreement satisfactory to the lender in the lender’s sole and absolute discretion to refinance the loan. With respect to Loan No. 41, Hampton Inn Arkadelphia, the monthly capex is equal to the greater of (a) (i) during the first and second years of the term of the loan, an amount equal to 1/12 of 2% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs, (ii) during the third and fourth years of the term of the loan, an amount equal to 1/12 of 3% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs, and (iii) during all remaining years of the term of the loan, an amount equal to 1/12 of 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs, and (b) the aggregate amount, if any, required to be reserved under the management agreement (if applicable) and the franchise agreement. With respect to Loan No. 42, Gardens Club Apartments, the borrower is required to make monthly payments of an amount equal to $625 commencing on the 24th payment date for capital expenditures. |
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| With respect to Loan No. 45, Marbeya Business Park, the borrower is required to make monthly payments of an amount equal to $8,024.25 for tenant improvements and leasing commissions, provided that the borrower will not be required to escrow such amounts if (i) no event of default has occurred and is continuing and (ii) the balance of the rollover reserve account equals or exceeds $200,000. With respect to Loan No. 46, Allerand Retail Portfolio 2, the borrower is not required to make monthly tax deposit so long as (i) no event of default has occurred, (ii) each tenant of an individual mortgaged property is required to pay taxes directly to the governmental authority, (iii) each lease is in full force and effect, and (iv) the borrower delivers to the lender evidence that taxes have been paid. With respect to Loan No. 48, Plainfield Commons II, the borrower is required to make monthly TI/LC deposit of $695.65 to the TI/LC reserve account (capped at $25,043) when the funds in the account are less than $25,043. |
(21) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 1, The Atlantic, the related borrowers are required to escrow $6,041.62 on a monthly basis to be deposited into the capital reserve subaccount, subject to a cap of $217,498.20 (the “Capital Reserve Cap”). In the event the balance of funds in the capital reserve subaccount falls below the Capital Reserve Cap, the capital reserve monthly deposits are required to be recommenced until the Capital Reserve Cap is reached again. With respect to Loan No. 2, Saddleback Business Park, the tenant improvement and leasing commission reserve account is subject to a cap of $1,000,000. With respect to Loan No. 5, Crescent Gateway, the tenant improvement and leasing commission reserve account is subject to a cap of $2,000,000. Provided that (i) no event of default is continuing, (ii) at least 75.0% of the Cystic Fibrosis Foundation space is being directly leased, (iii) at least 85% of the mortgaged property is occupied and (iv) the lender is satisfied that such conditions have been satisfied, the tenant improvement and leasing commission reserve cap will be decreased to $1,500,000. With respect to Loan No. 8, Cypress Financial Center, the borrower is required to deposit $25,435 on a monthly basis for tenant improvement and leasing commission reserves. The reserve is subject to a cap of $1,200,000 upon the Largest Tenant, Hayes Medical Staffing, not providing notice to terminate its lease on January 31, 2029 and the borrower delivering to the lender an acceptable tenant estoppel certificate that indicates that Hayes Medical Staffing has waived its cancellation option and that such cancellation option is no longer exercisable. With respect to Loan No. 11, Attiva – Lewisville, TX, the replacement reserve account is subject to a cap of approximately $498,600. With respect to Loan No. 13, Gardner Plaza, the replacement reserve account is subject to a cap of approximately $55,258. With respect to Loan No. 14, 924 Overland Court, the rollover reserve account is subject to a cap of $1,200,000. With respect to Loan No. 25, 2727 Iowa Street, the rollover reserve account is subject to a cap of $425,000. With respect to Loan No. 30, Chatham Crossing, from March 6, 2021 to February 5, 2026, the tenant improvement and leasing commission reserve account will be subject to a cap of $300,000. From February 6, 2026 to February 6, 2031, the tenant improvement and leasing commission reserve account will be subject to a cap of $500,000. With respect to Loan No. 33, Arnold Industrial Park, the rollover reserve account is subject to a cap of $295,750. |
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| With respect to Loan No. 38, Hibiscus Plaza, the TI/LC reserve account is subject to a cap of $100,000. |
With respect to Loan No. 45, Marbeya Business Park, the rollover reserve account is subject to a cap of $400,000. With respect to Loan No. 48, Plainfield Commons II, the replacement reserve account is subject to a cap of $10,520. With respect to Loan No. 55, Steaux-N-Geaux Storage, the replacement reserve account is subject to a cap of approximately $23,594. | |
(22) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates. With respect to Loan No. 2, Saddleback Business Park, the Largest Tenant, Sonendo, Inc., has three suites totaling 3,696 square feet with a current lease expiration date of April 30, 2021, two suites totaling 1,632 square feet with a current lease expiration date of April 30, 2022, two suites totaling 3,120 square feet with a current lease expiration date of June 30, 2023, two suites totaling 2,880 square feet with a current lease expiration date of October 31, 2023, six suites totaling 12,644 square feet with a current lease expiration date of December 31, 2023 and five suites totaling 29,120 square feet with a current lease expiration date of March 31, 2025. With respect to Loan No. 2, Saddleback Business Park, the Second Largest Tenant, Fjord Ventures, LLC, has one suite totaling 1,563 square feet with a current lease expiration date of June 30, 2021, two suites totaling 10,400 square feet with a current lease expiration date of October 31, 2021, one suite totaling 15,808 square feet with a current lease expiration of September 30, 2022 and two suites totaling 9,552 with a current lease expiration date of February 29, 2024. With respect to Loan No. 9, Tampa Bay Buccaneers Corporate Office Headquarters, the sole tenant is an affiliate of the mortgage loan borrower and guarantor. With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the Largest Tenant at the Remington mortgaged property, By Your Side Autism Therapy, leased an additional 4,799 square feet (the “Expansion Space”) commencing December 1, 2020. The tenant received four months of free rent for the Expansion Space (from December 2020 through March 2021). The borrower reserved $25,594.67 in connection with such free rent. In addition, the Second Largest Tenant at the Deerpath mortgaged property, Best Dedicated, received a 50% rent abatement from September 1, 2020 through August 31, 2022. The borrower reserved $57,808.50 in connection with such reduced rent. With respect to Loan No. 32, De Portola Medical Office, the Largest Tenant, High Desert Medical School, has free rent in December 2024 (month 71) and July 2025 (month 78). With respect to Loan No. 28, Park Plaza, the Largest Tenant, Loma Linda University Healthcare System, has three separate suites that collectively account for 52,671 square feet. The lease for two suites representing 23,168 square feet and 12,629 square feet, respectively, are scheduled to expire on October 31, 2026. The lease for one suite representing 16,874 square feet is scheduled to expire on May 31, 2031. With respect to Loan No. 35, Kleppe Greg Business Park, the Largest Tenant, Triple T Delivery, Inc., has two separate lease expiration dates for its combined 14,129 square feet of space: (i) the lease for 1,980 square feet will expire on November 14, 2021 and (ii) the lease for 12,149 square feet will expire on September 30, 2024. With respect to Loan No. 38, Hibiscus Plaza, the Largest Tenant, Dollar Tree, received a $175,000 free rent credit which will be paid over 35 months in $5,000 installments, in lieu of a TI allowance; 19 months of free rent credit are still outstanding. The second amendment of the lease provided the tenant with a late fee allowance of $10,000 to be paid out $500 per month for 20 months; 11 months of the late fee allowance are remaining. |
With respect to Loan No. 48, Plainfield Commons II, the Third Largest Tenant, Qdoba, received free rent of $25,000 in the form of a rent credit, to be applied in 6 equal monthly installments, beginning March 1, 2021, which was reserved at loan origination. |
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(23) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. |
(24) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 8, Cypress Financial Center, the Largest Tenant, Hayes Medical Staffing has a termination option effective as of January 31, 2030 (the “Early Termination Date”) with 12 months’ notice and a termination fee of (a) an amount equal to one month’s base rent at the rate applicable in the month preceding the month in which the Early Termination Date occurs, multiplied by three, plus (b) an amount equal to the monthly installment of Hayes’ proportionate share of estimated operating expenses for the month in which the deadline for the delivery of the cancellation exercise notice occurs, multiplied by three, plus (c) the unamortized sum of the tenant improvement allowance, the leasing commissions paid by the landlord in connection to the lease and the base rent abatement. With respect to Loan No. 10, 200 St. Paul Plaza, the Largest Tenant, Maryland Attorney General, has an ongoing contraction option for its space on the 25th floor (15,027 SF). In addition to the contraction option, the Maryland Attorney General’s lease will be cancelled automatically at the start of any fiscal year for which it is not appropriated funds from the State of Maryland. With respect to Loan No. 10, 200 St. Paul Plaza, the Second Largest Tenant, Maryland Insurance Admin, has an ongoing contraction option for its space on the 23rd floor (7,842 SF). In addition to the contraction option, Maryland Insurance Admin’s lease will be cancelled automatically at the start of any fiscal year for which it is not appropriated funds from the State of Maryland. With respect to Loan No. 10, 200 St. Paul Plaza, the Third Largest Tenant, US DEA, has a right to terminate its lease with 90 days’ written notice for the remainder of the lease term. With respect to Loan No. 13, Gardner Plaza, the Third Largest Tenant, Ticor, may terminate its lease effective on February 29, 2024 by (i) sending a written notice on or before August 31, 2023 and (ii) paying a termination fee equal to the unamortized leasing costs plus $40,000. With respect to Loan No. 18, 3Y, the Third Largest Tenant, WSP, has the one-time right to terminate its lease effective on July 31, 2024, provided that on or before October 31, 2023, the tenant gives the borrower written notice of such termination and pays the borrower 50% of the termination fee ($218,646). With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the Largest Tenant at the Gary Tech mortgaged property, Conduent, has a one-time option to terminate its lease effective August 31, 2022 by (i) sending 6 months' prior written notice and (ii) paying a penalty of $58,000. With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the Second Largest Tenant at the Gary Tech mortgaged property, World Relief, has an option to terminate its lease effective March 30, 2022 by (i) providing at least 6 months’ written notice and (ii) paying unamortized TI of $387,412.50 at a rate of 7.0%. With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the Third Largest Tenant at the Gary Tech mortgaged property, Integrated, is leasing space on a month-to-month basis and either party may terminate the lease subject to 60 days’ notice. |
With respect to Loan No. 19, Kovacs Illinois Flex, Industrial & Office Portfolio, the lease for the Third Largest Tenant at the Messner mortgaged property, Windy Air Services, expired in April 2019. The tenant is leasing the space pursuant to a month-to-month lease. With respect to Loan No. 22, APC Portfolio, the ground lessor may terminate its lease pertaining to the 44 parking spaces at the Round Rock mortgaged property with three months’ notice at any time. With respect to Loan No. 28, Park Plaza, the Largest Tenant, Loma Linda University Healthcare System (“Loma Linda”), leases three separate units pursuant to two leases that do not contain unilateral termination |
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options. However, the leases stipulate that (i) if, as a result of a change in zoning requirements during the last 2 years of the Loma Linda leases, capital expenditures in an amount exceeding 6 months' base rent are required due to Loma Linda’s specific and unique use of its leased premises as compared with uses by tenants in general, Loma Linda may terminate its leases rather than pay such capital expenditures and (ii) if there is a change in any applicable health care laws or regulations or the interpretation thereof, including Medicare or Medicaid, or the adoption of new legislation or regulations with application to the Loma Linda leases, then either the lender or Loma Linda may propose an amendment to conform the Loma Linda leases to such new laws or regulations. If the lender and Loma Linda are unable to agree on an amendment within 120 days, then Loma Linda may terminate its lease(s) with 10 days' prior written notice. With respect to Loan No. 35, Kleppe Greg Business Park, the Largest Tenant, Triple T Delivery, Inc. has the right to terminate its lease any time after October 1, 2021 with 90 days’ prior written notice and a payment of six months of base rent. With respect to Loan No. 38, Hibiscus Plaza, the Largest Tenant, Dollar Tree, has the right to terminate the lease after October 31, 2024 if the previous 12-months gross sales are not greater than $2.6 million (approximately $208 per square foot) by providing 90 days’ prior written notice. With respect to Loan No. 38, Hibiscus Plaza, the Second Largest Tenant, Family Dollar, has the right to terminate the lease if gross sales do not exceed $1.5 million ($168 per square foot) during the 12 months ending January 1, 2024 by providing 90 days’ prior written notice. With respect to Loan No. 38, Hibiscus Plaza, the Largest Tenant, Dollar Tree, and the Second Largest Tenant, Family Dollar, are affiliated. Combined, these tenants account for approximately 57.2% of NRA and 46.7% of underwritten rent at the mortgaged property. With respect to Loan No. 46, Allerand Retail Portfolio 2, the sole tenant at the Family Dollar Memphis mortgaged property, Family Dollar, is occupying the space pursuant to a sublease from Walgreens, which sublease expires on February 28, 2021. Family Dollar executed a 10-year lease with the borrower that runs through June 30, 2031. Family Dollar may terminate its lease if gross sales are less than $1.7 million for the 12-consecutive month period ending December 31, 2026 by providing notice, with the effective termination date being 180 days after the date tenant gives the notice. With respect to Loan No. 48, Plainfield Commons II, the Fourth Largest Tenant, Prime Communications (AT&T), has the right to terminate its lease if it is no longer authorized by AT&T to operate an AT&T retail store by providing 90 days’ prior written notice. | |
(25) | With respect to Loan No. 3, MGM Grand & Mandalay Bay, the guarantors' liability for full recourse events is several and not joint and 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 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 mortgaged properties or controlling equity interests in the MGM Grand & Mandalay Bay borrowers is loss recourse, rather than full recourse. With respect to Loan No. 10, 200 St. Paul Plaza, the borrower sponsor and guarantor is high net worth individual based in Qatar with a net worth in excess of $100,000,000 and liquidity in excess of $50,000,000. The individual owns 27 properties throughout seven countries with a converted US Dollar value of approximately $1.6 billion. With respect to Loan No. 9, Tampa Bay Buccaneers Corporate Office Headquarters, the guarantor is an entity that owns a parcel of land in Portsmouth, Virginia and has a reported net worth of approximately $2.0 million and liquidity of approximately $100,000. |
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With respect to Loan No. 26 Hazle Marketplace, the guarantor, E. Stanley Kroenke, is married to Ann Walton Kroenke, who owns a significant ownership interest in Walmart, the largest tenant at the mortgaged property. With respect to Loan No. 45, Marbeya Business Park, the mortgage loan documents do not provide for a separate guarantor that is distinct from the borrower. At the origination of the mortgage loan, the lender required a $400,000 static recourse reserve, which is equal to approximately 8% of the amount of the mortgage loan, and is being used as additional cash collateral for the mortgage loan. Additionally, pursuant to the mortgage loan documents, the borrower is required to maintain a net worth and liquidity of $4,950,000 and $200,000, respectively. | |
(26) | Each number identifies a group of related borrowers. |
(27) | The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” and “Definitions” for further details. With respect to Loan No. 1, The Atlantic, the mortgage loan is structured with a hard lockbox for the commercial tenants and a soft lockbox for the residential tenants, with springing cash management. At origination, a clearing account controlled by the lender was established by the related borrower into which all rents, revenues and receipts from the commercial tenants and all rents or lease termination payments received by the property manager from the residential tenants (within two business days of receipt) are required to be deposited directly into the lockbox account. If no cash management period exists under The Atlantic mortgage loan documents, the funds in the clearing account will be swept on each business day into the related borrower’s operating account and, if a cash management period exists under The Atlantic mortgage loan documents, such funds will be swept on each business day into a deposit account controlled by the lender at a financial institution selected by the lender. With respect to Loan No. 3, MGM Grand & Mandalay Bay, the borrower sent a notice to the lender on February 8, 2021, which provides the borrower expects that, when the lender determines the EBITDAR-to-debt service coverage ratio as of December 31, 2020, a MGM Grand & Mandalay Bay trigger period will occur under the terms of the MGM Grand & Mandalay Bay whole loan documents. Accordingly, the borrower has provided notice to the lender of its desire to elect to deliver an excess cash flow guaranty for the benefit of the lender in lieu of depositing all excess cash flow into a reserve account in accordance with the terms and conditions of the MGM Grand & Mandalay Bay whole loan documents. The borrower proposed (i) BREIT Prime Lease Holdings LLC and (ii) MGM Growth Properties Operating Partnership LP to be the guarantors under the excess cash flow guaranty. With respect to Loan No. 5, Crescent Gateway, the mortgage loan is structured with a hard lockbox with springing cash management. A cash sweep period will commence upon any of the following (i) an event of default or (ii) the DSCR being less than 1.15x, (provided, however, if the borrower satisfies the Cash Sweep Period Avoidance Conditions within 5 days after receiving notice from the lender that a cash sweep period has occurred pursuant to this clause (ii) then such cash sweep period will be deemed to have not occurred for the one calendar quarter in which the Cash Sweep Period Avoidance Conditions have been satisfied. “Cash Sweep Period Avoidance Conditions” means that the borrower deposits an amount of funds equal to the projected aggregate amount of funds that would be deposited into an excess cash flow account over the calendar quarter in which the Cash Sweep Period Avoidance Conditions are satisfied. With respect to Loan No. 17, Bayshore Mixed Use, the mortgage loan is structured with a hard lockbox for the commercial tenants and a soft lockbox for the residential tenants, with springing cash management. Concurrently with origination, the borrower was required to notify each commercial tenant at the Bayshore Mixed Use mortgaged property to remit all amounts due directly to the lockbox account. All funds will be deposited (directly by commercial tenants and within one business day of receipt from the residential tenants by the property manager) into the lockbox account and such funds will be transferred on a daily basis into a deposit account controlled by the lender at a financial institution selected by the lender. |
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