BMO 2023-C7 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other 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 1-866-864-7760 (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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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 BMO Capital Markets Corp., Citigroup Global Markets Inc., KeyBanc Capital Markets Inc., UBS Securities, LLC, Academy Securities, Inc., Bancroft Capital, LLC, Drexel Hamilton, LLC 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.
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
| | | | | | | | 1 | 25 | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 9.2% | 100.0% | BMO, Barclays, BANA | BMO | Group A | NAP | 5 Woodfield Mall |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 8.1% | 100.0% | WFBNA, CREFI, DBRI, SGFC | CREFI | Group A | NAP | 7000 and 7600 Arundel Mills Circle |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 5.4% | | CREFI | CREFI | NAP | NAP | Various |
3.01 | Property | | 1 | Three Bala Plaza | 2.2% | 41.3% | | | | | 251 Saint Asaphs Road |
3.02 | Property | | 1 | One Bala Plaza | 2.1% | 39.4% | | | | | 231 Saint Asaphs Road |
3.03 | Property | | 1 | Two Bala Plaza | 1.0% | 19.3% | | | | | 333 East City Avenue |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 4.9% | | KeyBank, Barclays, SGFC, BMO | KeyBank | NAP | NAP | Various |
4.01 | Property | | 1 | Northwoods Marketplace | 0.4% | 8.3% | | | | | 7612 and 7620 Rivers Avenue |
4.02 | Property | | 1 | The Centrum | 0.3% | 6.6% | | | | | 10200, 10400, 10404, 10408, 10412, 10416, 10420, 10500, 10610 Centrum Parkway |
4.03 | Property | | 1 | Lawton Marketplace | 0.3% | 6.2% | | | | | 1726, 1732, 1806, 1824, 1832, 1906, 1912, 1920, 1926, 2004, 2006, 1836, 1948, 2136 and 1754-1772 Northwest 82nd Street |
4.04 | Property | | 1 | Carlisle Crossing | 0.3% | 6.1% | | | | | 202, 214, 230-238, 248-266, 299 Westminster Drive |
4.05 | Property | | 1 | Southway Shopping Center | 0.3% | 6.0% | | | | | 8000-8230 South Gessner Road |
4.06 | Property | | 1 | Parkway Centre South | 0.3% | 5.2% | | | | | 1701-1751 Stringtown Road |
4.07 | Property | | 1 | Houma Crossing | 0.2% | 5.0% | | | | | 1779, 1781, 1783 and 1785 Martin Luther King Jr. Boulevard |
4.08 | Property | | 1 | North Lake Square | 0.2% | 4.9% | | | | | 1122, 1134, 1146, 1150, 1154, 1160 Dawsonville Highway |
4.09 | Property | | 1 | Liberty Crossing | 0.2% | 4.8% | | | | | 5601, 5701-5709 President George Bush Highway |
4.10 | Property | | 1 | Owensboro Town Center | 0.2% | 4.6% | | | | | 5099, 5101, 5115, 5135, 5241 Frederica Street |
4.11 | Property | | 1 | Harbor Town Center | 0.2% | 3.7% | | | | | 4125, 4140, 4144 Harbor Town Lane, 4411, 4421 Dewey Street and 4450 Calumet Avenue |
4.12 | Property | | 1 | Lord Salisbury Center | 0.2% | 3.5% | | | | | 2637, 2639, 2641, 2649, 2653, 2657 North Salisbury Boulevard |
4.13 | Property | | 1 | Terrell Mill Village | 0.2% | 3.5% | | | | | 1453 Terrell Mill Road Southeast |
4.14 | Property | | 1 | The Ridge at Turtle Creek | 0.2% | 3.1% | | | | | 6169, 6173, and 6175 US Highway 98 |
4.15 | Property | | 1 | Nordstrom Rack | 0.1% | 3.0% | | | | | 1702 North Dale Mabry Highway |
4.16 | Property | | 1 | Ventura Place | 0.1% | 2.8% | | | | | 8810, 8850, 8900 Holly Avenue Northeast |
4.17 | Property | | 1 | Quail Springs | 0.1% | 2.7% | | | | | 2201 and 2135 West Memorial Road |
4.18 | Property | | 1 | Wallace Commons | 0.1% | 2.6% | | | | | 1311, 1317, 1321, 1325, 1333, 1345, 1349, 1371 and 1395 Klumac Road |
4.19 | Property | | 1 | Waterford Park South | 0.1% | 2.5% | | | | | 1020 and 1040 Veterans Parkway |
4.20 | Property | | 1 | Evergreen Marketplace | 0.1% | 2.3% | | | | | 9140, 9142, 9144 South Western Avenue |
4.21 | Property | | 1 | Derby Marketplace | 0.1% | 2.1% | | | | | 1712, 1800, 1812 North Rock Road |
4.22 | Property | | 1 | Stoneridge Village | 0.1% | 2.1% | | | | | 707, 731, 735, 739 Stoneridge Parkway |
4.23 | Property | | 1 | FreshThyme & DSW | 0.1% | 1.5% | | | | | 4302-4320 Coldwater Road |
4.24 | Property | | 1 | Crossroads Annex | 0.1% | 1.4% | | | | | 609 Settlers Trace Boulevard |
4.25 | Property | | 1 | Tellico Village | 0.1% | 1.3% | | | | | 101 Cheeyo Way |
4.26 | Property | | 1 | Walmart Neighborhood Market | 0.1% | 1.2% | | | | | 10635, 10645, 10655 Dorchester Road |
4.27 | Property | | 1 | PetSmart & Old Navy | 0.1% | 1.1% | | | | | 2389-2409 Taylor Park Drive |
4.28 | Property | | 1 | Sutters Creek | 0.1% | 1.0% | | | | | 750, 760, 794 Sutter's Creek Boulevard |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | 0.0% | 0.9% | | | | | 38295-38305 Chestnut Ridge Road |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 4.9% | 100.0% | SMC | SMC | NAP | NAP | 2136 Honeywell Avenue |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 4.6% | | BMO | BMO | NAP | NAP | Various |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | 3.6% | 77.6% | | | | | 1-4 Plant Street & 41 Wall Street |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | 1.0% | 22.4% | | | | | 2222 & 2300 Highland Road |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 4.5% | 100.0% | BMO | BMO | NAP | NAP | 24111 Civic Center Drive |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 4.5% | | UBS AG | UBS AG | NAP | NAP | Various |
8.01 | Property | | 1 | The Residence at Patriot Place | 2.3% | 52.3% | | | | | 3626, 3700 & 3708 Buena Vista Road |
8.02 | Property | | 1 | Magnolia Manor | 1.1% | 24.2% | | | | | 132 14th Avenue Northeast |
8.03 | Property | | 1 | The Retreat at Ragan Park | 1.0% | 23.5% | | | | | 2730 & 2800 Masseyville Road |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | 4.2% | | GSBI | BMO | NAP | NAP | Various |
9.01 | Property | | 1 | 6940 Cornhusker Highway | 1.3% | 30.6% | | | | | 6940 Cornhusker Highway |
9.02 | Property | | 1 | 221 Law Street | 1.1% | 26.6% | | | | | 221 Law Street |
9.03 | Property | | 1 | 1956 Singleton Boulevard | 1.0% | 22.7% | | | | | 1956 Singleton Boulevard |
9.04 | Property | | 1 | 351 21st Street | 0.5% | 11.5% | | | | | 351 21st Street |
9.05 | Property | | 1 | 161 Lorne Avenue West | 0.2% | 4.0% | | | | | 161 Lorne Avenue West |
9.06 | Property | | 1 | 18300 Market Street | 0.1% | 2.4% | | | | | 18300 Market Street |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | 0.1% | 2.2% | | | | | 3232 West Lancaster Avenue |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 3.7% | | CREFI | CREFI | NAP | NAP | Various |
10.01 | Property | | 1 | Belding | 3.1% | 84.2% | | | | | 7200 Industrial Drive |
10.02 | Property | | 1 | Grand Rapids | 0.6% | 15.8% | | | | | 3801 36th Street Southeast |
11 | Loan | 20 | 1 | Utica Park Place | 3.7% | 100.0% | GSC2 | GCMC | NAP | NAP | 45160 and 45520 Utica Park Boulevard |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 3.6% | 100.0% | UBS AG, LMF, BANA | UBS AG | NAP | NAP | 11 West 42nd Street |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 3.4% | | UBS AG | UBS AG | NAP | NAP | Various |
13.01 | Property | | 1 | 1 Primerica Parkway | 2.4% | 71.4% | | | | | 1 Primerica Parkway |
13.02 | Property | | 1 | 701 Clay Avenue | 1.0% | 28.6% | | | | | 701 Clay Avenue |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 3.2% | 100.0% | 3650 REIT 2 | BMO | NAP | NAP | 1180-1256 Galleria Boulevard |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 3.2% | 100.0% | CREFI | CREFI | NAP | NAP | 1800 East Golf Road |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 3.2% | 100.0% | Regions | Regions | NAP | NAP | 5022 West Main Street |
17 | Loan | | 1 | Magnolia Cove Apartments | 3.1% | 100.0% | SMC | SMC | NAP | NAP | 101, 103, 181, 185 and 197 Goodson Drive |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 2.7% | 100.0% | MSBNA | BMO | NAP | NAP | 60 Hudson Street |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 2.4% | | BMO | BMO | NAP | NAP | Various |
19.01 | Property | | 1 | Knoll Ridge Apartments I | 1.4% | 58.2% | | | | | 11510 Kirkwood Drive |
19.02 | Property | | 1 | Knoll Ridge Apartments II | 0.5% | 21.5% | | | | | 11343 East New York Street |
19.03 | Property | | 1 | Knoll Ridge Apartments III | 0.5% | 20.3% | | | | | 11300 East Washington Street |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 2.3% | 100.0% | CREFI | CREFI | NAP | NAP | 645 North Michigan Avenue |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 2.1% | 100.0% | Regions | Regions | NAP | NAP | 1201-1350 Carmia Way and 11110 and 11122 Midlothian Turnpike |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 2.0% | 100.0% | CREFI | CREFI | NAP | NAP | 7707 East McDowell Road |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) |
| | | | | | | | | 2 | 2 | | | 3 | | 7 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Schaumburg | Cook | IL | 60173 | Retail | Super Regional Mall | 1971, 1995 | 2015, 2016, 2018 | 1,064,590 | SF | 247.98 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | Hanover | Anne Arundel | MD | 21076 | Retail | Super Regional Mall | 2000, 2002, 2012 | NAP | 1,938,983 | SF | 185.66 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | Bala Cynwyd | Montgomery | PA | 19004 | Various | Various | Various | Various | 1,136,771 | SF | 87.53 |
3.01 | Property | | 1 | Three Bala Plaza | Bala Cynwyd | Montgomery | PA | 19004 | Office | Suburban | 1983 | 2020 | 390,899 | SF | |
3.02 | Property | | 1 | One Bala Plaza | Bala Cynwyd | Montgomery | PA | 19004 | Office | Suburban | 1968 | 2021 | 386,788 | SF | |
3.03 | Property | | 1 | Two Bala Plaza | Bala Cynwyd | Montgomery | PA | 19004 | Mixed Use | Office/Retail | 1969 | 2020 | 359,084 | SF | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | Various | Various | Various | Various | Retail | Various | Various | Various | 3,117,102 | SF | 83.41 |
4.01 | Property | | 1 | Northwoods Marketplace | North Charleston | Charleston | SC | 29406 | Retail | Anchored | 1998 | NAP | 236,078 | SF | |
4.02 | Property | | 1 | The Centrum | Pineville | Mecklenburg | NC | 28134 | Retail | Anchored | 1997 | 2020 | 274,446 | SF | |
4.03 | Property | | 1 | Lawton Marketplace | Lawton | Comanche | OK | 73505 | Retail | Anchored | 2013 | 2023 | 196,715 | SF | |
4.04 | Property | | 1 | Carlisle Crossing | Carlisle | Cumberland | PA | 17013 | Retail | Anchored | 2005 | NAP | 152,487 | SF | |
4.05 | Property | | 1 | Southway Shopping Center | Houston | Harris | TX | 77036 | Retail | Anchored | 1976-2011 | NAP | 181,836 | SF | |
4.06 | Property | | 1 | Parkway Centre South | Grove City | Franklin | OH | 43123 | Retail | Anchored | 2004 | NAP | 131,887 | SF | |
4.07 | Property | | 1 | Houma Crossing | Houma | Terrebonne | LA | 70360 | Retail | Anchored | 2008 | NAP | 181,423 | SF | |
4.08 | Property | | 1 | North Lake Square | Gainesville | Hall | GA | 30501 | Retail | Anchored | 2015, 2016 | NAP | 140,116 | SF | |
4.09 | Property | | 1 | Liberty Crossing | Rowlett | Dallas | TX | 75089 | Retail | Anchored | 2007 | NAP | 105,769 | SF | |
4.10 | Property | | 1 | Owensboro Town Center | Owensboro | Daviess | KY | 42301 | Retail | Anchored | 1992, 1996, 1997, 1999 | 2010, 2015 | 164,941 | SF | |
4.11 | Property | | 1 | Harbor Town Center | Manitowoc | Manitowoc | WI | 54220 | Retail | Anchored | 2005 | NAP | 138,744 | SF | |
4.12 | Property | | 1 | Lord Salisbury Center | Salisbury | Wicomico | MD | 21801 | Retail | Anchored | 2005 | NAP | 113,821 | SF | |
4.13 | Property | | 1 | Terrell Mill Village | Marietta | Cobb | GA | 30067 | Retail | Anchored | 1974 | 2012 | 75,184 | SF | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | Hattiesburg | Lamar | MS | 39402 | Retail | Anchored | 1992 | NAP | 98,705 | SF | |
4.15 | Property | | 1 | Nordstrom Rack | Tampa | Hillsborough | FL | 33607 | Retail | Shadow Anchored | 1994 | NAP | 45,457 | SF | |
4.16 | Property | | 1 | Ventura Place | Albuquerque | Bernalillo | NM | 87122 | Retail | Anchored | 2008 | NAP | 66,595 | SF | |
4.17 | Property | | 1 | Quail Springs | Oklahoma City | Oklahoma | OK | 73134 | Retail | Anchored | 1984 | 2004 | 100,404 | SF | |
4.18 | Property | | 1 | Wallace Commons | Salisbury | Rowan | NC | 28147 | Retail | Anchored | 2008 | NAP | 98,509 | SF | |
4.19 | Property | | 1 | Waterford Park South | Clarksville | Clark | IN | 47129 | Retail | Anchored | 2005, 2006 | 2008 | 91,906 | SF | |
4.20 | Property | | 1 | Evergreen Marketplace | Evergreen Park | Cook | IL | 60805 | Retail | Anchored | 2013 | NAP | 49,842 | SF | |
4.21 | Property | | 1 | Derby Marketplace | Derby | Sedgwick | KS | 67037 | Retail | Anchored | 2015 | NAP | 100,000 | SF | |
4.22 | Property | | 1 | Stoneridge Village | Jefferson City | Cole | MO | 65109 | Retail | Anchored | 2008 | NAP | 72,483 | SF | |
4.23 | Property | | 1 | FreshThyme & DSW | Fort Wayne | Allen | IN | 46805 | Retail | Anchored | 1985 | 2014 | 49,033 | SF | |
4.24 | Property | | 1 | Crossroads Annex | Lafayette | Lafayette | LA | 70508 | Retail | Anchored | 2012 | NAP | 40,578 | SF | |
4.25 | Property | | 1 | Tellico Village | Loudon | Loudon | TN | 37774 | Retail | Anchored | 2008 | NAP | 40,928 | SF | |
4.26 | Property | | 1 | Walmart Neighborhood Market | Summerville | Dorchester | SC | 29485 | Retail | Anchored | 2015 | NAP | 51,441 | SF | |
4.27 | Property | | 1 | PetSmart & Old Navy | Reynoldsburg | Fairfield | OH | 43068 | Retail | Anchored | 2012 | NAP | 28,970 | SF | |
4.28 | Property | | 1 | Sutters Creek | Rocky Mount | Nash | NC | 27804 | Retail | Anchored | 1996 | NAP | 80,004 | SF | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | Elyria | Lorain | OH | 44035 | Retail | Shadow Anchored | 2016 | NAP | 8,800 | SF | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | Bronx | Bronx | NY | 10460 | Multifamily | Mid Rise | 2023 | NAP | 101 | Units | 356,435.64 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | Various | Various | Various | Various | Industrial | Warehouse/Manufacturing | Various | Various | 560,141 | SF | 60.70 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | Plattsburgh | Clinton | NY | 12901 | Industrial | Warehouse/Manufacturing | 1978 | 2000 | 410,837 | SF | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | Twinsburg | Summit | OH | 44087 | Industrial | Warehouse/Manufacturing | 1966 | 2023 | 149,304 | SF | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | Southfield | Oakland | MI | 48033 | Multifamily | Mid Rise | 1988 | 2023 | 320 | Units | 103,125.00 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | Various | Various | Various | Various | Multifamily | Garden | Various | 2023 | 523 | Units | 63,097.51 |
8.01 | Property | | 1 | The Residence at Patriot Place | Columbus | Muscogee | GA | 31906 | Multifamily | Garden | 1972 | 2023 | 257 | Units | |
8.02 | Property | | 1 | Magnolia Manor | Birmingham | Jefferson | AL | 35215 | Multifamily | Garden | 1970, 1979, 1987 | 2023 | 122 | Units | |
8.03 | Property | | 1 | The Retreat at Ragan Park | Macon | Bibb | GA | 31217 | Multifamily | Garden | 1973 | 2023 | 144 | Units | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | Various | Various | Various | Various | Industrial | Warehouse/Manufacturing | Various | Various | 799,679 | SF | 39.20 |
9.01 | Property | | 1 | 6940 Cornhusker Highway | Lincoln | Lancaster | NE | 68507 | Industrial | Warehouse/Manufacturing | 1962 | 2016 | 188,604 | SF | |
9.02 | Property | | 1 | 221 Law Street | Thomasville | Thomas | GA | 31792 | Industrial | Warehouse/Manufacturing | 1967 | 1982, 1995, 2011 | 235,000 | SF | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | Dallas | Dallas | TX | 75212 | Industrial | Warehouse/Manufacturing | 1957-1983 | NAP | 122,549 | SF | |
9.04 | Property | | 1 | 351 21st Street | Monroe | Green | WI | 53566 | Industrial | Warehouse/Manufacturing | 1958-1995 | NAP | 87,241 | SF | |
9.05 | Property | | 1 | 161 Lorne Avenue West | Stratford | Perth | ON | N5A 6S4 | Industrial | Warehouse/Manufacturing | 1958-2008 | NAP | 118,585 | SF | |
9.06 | Property | | 1 | 18300 Market Street | Channelview | Harris | TX | 77530 | Industrial | Warehouse/Manufacturing | 2001 | NAP | 7,500 | SF | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | Milwaukee | Milwaukee | WI | 53209 | Industrial | Warehouse/Manufacturing | 1925-1933 | NAP | 40,200 | SF | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | Various | Various | MI | Various | Industrial | Manufacturing | Various | Various | 450,104 | SF | 60.47 |
10.01 | Property | | 1 | Belding | Belding | Ionia | MI | 48809 | Industrial | Manufacturing | 1989, 2017, 2022 | 2018 | 380,325 | SF | |
10.02 | Property | | 1 | Grand Rapids | Kentwood | Kent | MI | 49512 | Industrial | Manufacturing | 1966 | 2020 | 69,779 | SF | |
11 | Loan | 20 | 1 | Utica Park Place | Utica | Macomb | MI | 48315 | Retail | Anchored | 1992 | NAP | 494,855 | SF | 54.56 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | New York | New York | NY | 10036 | Office | CBD | 1927 | 2018 | 960,568 | SF | 285.25 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Various | Various | Various | Various | Office | Various | Various | Various | 483,084 | SF | 112.40 |
13.01 | Property | | 1 | 1 Primerica Parkway | Duluth | Gwinnett | GA | 30099 | Office | Suburban | 2013 | NAP | 344,476 | SF | |
13.02 | Property | | 1 | 701 Clay Avenue | Waco | McLennan | TX | 76706 | Office | CBD | 1997 | 2021 | 138,608 | SF | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | Roseville | Placer | CA | 95678 | Retail | Anchored | 1999-2001 | NAP | 360,891 | SF | 198.19 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | Schaumburg | Cook | IL | 60173 | Hospitality | Full Service | 1981 | 2018 | 468 | Rooms | 51,282.05 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | Kalamazoo | Kalamazoo | MI | 49009 | Retail | Anchored | 1971-2013 | NAP | 275,854 | SF | 84.53 |
17 | Loan | | 1 | Magnolia Cove Apartments | Houston | Harris | TX | 77060 | Multifamily | Garden | 1973 | 2018 | 376 | Units | 61,170.21 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | New York | New York | NY | 10013 | Other | Data Center | 1930 | 2013 | 1,149,619 | SF | 243.56 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | Indianapolis | Marion | IN | 46229 | Multifamily | Garden | 1970 | 2022 | 354 | Units | 120,056.50 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | Indianapolis | Marion | IN | 46229 | Multifamily | Garden | 1970 | 2022 | 200 | Units | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | Indianapolis | Marion | IN | 46229 | Multifamily | Garden | 1970 | 2022 | 80 | Units | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | Indianapolis | Marion | IN | 46229 | Multifamily | Garden | 1970 | 2022 | 74 | Units | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | Chicago | Cook | IL | 60611 | Mixed Use | Medical Office/Retail | 1962 | 2022 | 193,031 | SF | 284.93 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | Richmond | Chesterfield | VA | 23235 | Retail | Anchored | 1998 | NAP | 199,391 | SF | 78.56 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | Scottsdale | Maricopa | AZ | 85257 | Hospitality | Limited Service | 1980 | 2017 | 130 | Rooms | 115,000.00 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type |
| | | | | 6, 7 | 6, 7 | 6, 7 | | 8 | | 9 | 9 | 9 | 9 | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 68,000,000 | 68,000,000 | 68,000,000 | 6.335403409% | 0.016250% | 6.319153409% | NAP | 363,992.39 | NAP | 4,367,908.68 | Interest Only |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 60,000,000 | 60,000,000 | 60,000,000 | 7.70100% | 0.017500% | 7.68350% | NAP | 390,397.92 | NAP | 4,684,775.04 | Interest Only |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 40,000,000 | 40,000,000 | 40,000,000 | 8.71000% | 0.016250% | 8.69375% | NAP | 294,365.74 | NAP | 3,532,388.88 | Interest Only |
3.01 | Property | | 1 | Three Bala Plaza | 16,523,605 | 16,523,605 | 16,523,605 | | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | 15,751,073 | 15,751,073 | 15,751,073 | | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | 7,725,322 | 7,725,322 | 7,725,322 | | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 36,000,000 | 36,000,000 | 36,000,000 | 6.44575% | 0.016250% | 6.42950% | NAP | 196,058.23 | NAP | 2,352,698.76 | Interest Only |
4.01 | Property | | 1 | Northwoods Marketplace | 2,976,923 | 2,976,923 | 2,976,923 | | | | | | | | |
4.02 | Property | | 1 | The Centrum | 2,382,923 | 2,382,923 | 2,382,923 | | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | 2,240,308 | 2,240,308 | 2,240,308 | | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | 2,182,154 | 2,182,154 | 2,182,154 | | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | 2,168,308 | 2,168,308 | 2,168,308 | | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | 1,876,154 | 1,876,154 | 1,876,154 | | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | 1,791,692 | 1,791,692 | 1,791,692 | | | | | | | | |
4.08 | Property | | 1 | North Lake Square | 1,770,923 | 1,770,923 | 1,770,923 | | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | 1,726,615 | 1,726,615 | 1,726,615 | | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | 1,640,769 | 1,640,769 | 1,640,769 | | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | 1,329,231 | 1,329,231 | 1,329,231 | | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | 1,265,538 | 1,265,538 | 1,265,538 | | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | 1,243,385 | 1,243,385 | 1,243,385 | | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | 1,120,154 | 1,120,154 | 1,120,154 | | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | 1,068,923 | 1,068,923 | 1,068,923 | | | | | | | | |
4.16 | Property | | 1 | Ventura Place | 1,017,692 | 1,017,692 | 1,017,692 | | | | | | | | |
4.17 | Property | | 1 | Quail Springs | 960,923 | 960,923 | 960,923 | | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | 924,923 | 924,923 | 924,923 | | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | 911,077 | 911,077 | 911,077 | | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | 823,846 | 823,846 | 823,846 | | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | 758,769 | 758,769 | 758,769 | | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | 740,769 | 740,769 | 740,769 | | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | 541,385 | 541,385 | 541,385 | | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | 513,692 | 513,692 | 513,692 | | | | | | | | |
4.25 | Property | | 1 | Tellico Village | 476,308 | 476,308 | 476,308 | | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | 448,615 | 448,615 | 448,615 | | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | 411,231 | 411,231 | 411,231 | | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | 372,462 | 372,462 | 372,462 | | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | 314,308 | 314,308 | 314,308 | | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 36,000,000 | 36,000,000 | 33,275,232 | 7.25000% | 0.016250% | 7.23375% | 245,583.46 | 220,520.83 | 2,947,001.52 | 2,646,250.00 | Interest Only, Amortizing Balloon |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 34,000,000 | 34,000,000 | 34,000,000 | 6.09000% | 0.016250% | 6.07375% | NAP | 174,946.53 | NAP | 2,099,358.36 | Interest Only |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | 26,391,691 | 26,391,691 | 26,391,691 | | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | 7,608,309 | 7,608,309 | 7,608,309 | | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 33,000,000 | 33,000,000 | 33,000,000 | 7.28000% | 0.016250% | 7.26375% | NAP | 202,980.56 | NAP | 2,435,766.72 | Interest Only |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 33,000,000 | 33,000,000 | 33,000,000 | 6.75100% | 0.016250% | 6.73475% | NAP | 188,231.01 | NAP | 2,258,772.12 | Interest Only |
8.01 | Property | | 1 | The Residence at Patriot Place | 17,250,000 | 17,250,000 | 17,250,000 | | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | 8,000,000 | 8,000,000 | 8,000,000 | | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | 7,750,000 | 7,750,000 | 7,750,000 | | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | 31,350,000 | 31,350,000 | 31,350,000 | 6.32300% | 0.016250% | 6.30675% | NAP | 167,482.66 | NAP | 2,009,791.92 | Interest Only |
9.01 | Property | | 1 | 6940 Cornhusker Highway | 9,597,270 | 9,597,270 | 9,597,270 | | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | 8,330,361 | 8,330,361 | 8,330,361 | | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | 7,115,517 | 7,115,517 | 7,115,517 | | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | 3,615,608 | 3,615,608 | 3,615,608 | | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | 1,245,000 | 1,245,000 | 1,245,000 | | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | 752,047 | 752,047 | 752,047 | | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | 694,197 | 694,197 | 694,197 | | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 27,216,296 | 27,216,296 | 25,258,092 | 7.50000% | 0.016250% | 7.48375% | 190,300.29 | 172,464.38 | 2,283,603.48 | 2,069,572.56 | Interest Only, Amortizing Balloon |
10.01 | Property | | 1 | Belding | 22,922,737 | 22,922,737 | 21,273,454 | | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | 4,293,559 | 4,293,559 | 3,984,639 | | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | 27,000,000 | 27,000,000 | 27,000,000 | 7.75000% | 0.065000% | 7.68500% | NAP | 176,796.88 | NAP | 2,121,562.56 | Interest Only |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 26,333,333 | 26,333,333 | 26,333,333 | 7.44000% | 0.017500% | 7.42250% | NAP | 165,534.26 | NAP | 1,986,411.12 | Interest Only |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 25,000,000 | 25,000,000 | 25,000,000 | 7.67100% | 0.016250% | 7.65475% | NAP | 162,032.12 | NAP | 1,944,385.44 | Interest Only |
13.01 | Property | | 1 | 1 Primerica Parkway | 17,855,433 | 17,855,433 | 17,855,433 | | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | 7,144,567 | 7,144,567 | 7,144,567 | | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 24,000,000 | 24,000,000 | 24,000,000 | 7.28000% | 0.016250% | 7.26375% | NAP | 147,622.22 | NAP | 1,771,466.64 | Interest Only |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 24,000,000 | 24,000,000 | 24,000,000 | 8.55000% | 0.016250% | 8.53375% | NAP | 173,375.00 | NAP | 2,080,500.00 | Interest Only |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 23,318,000 | 23,318,000 | 21,103,490 | 6.07000% | 0.095000% | 5.97500% | 140,854.33 | 119,588.41 | 1,690,251.96 | 1,435,060.92 | Interest Only, Amortizing Balloon |
17 | Loan | | 1 | Magnolia Cove Apartments | 23,000,000 | 23,000,000 | 23,000,000 | 7.28000% | 0.016250% | 7.26375% | NAP | 141,471.30 | NAP | 1,697,655.56 | Interest Only |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 20,000,000 | 20,000,000 | 20,000,000 | 5.88500% | 0.017500% | 5.86750% | NAP | 99,445.60 | NAP | 1,193,347.20 | Interest Only |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 17,500,000 | 17,500,000 | 17,500,000 | 7.22000% | 0.016250% | 7.20375% | NAP | 106,754.05 | NAP | 1,281,048.60 | Interest Only |
19.01 | Property | | 1 | Knoll Ridge Apartments I | 10,191,176 | 10,191,176 | 10,191,176 | | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | 3,763,529 | 3,763,529 | 3,763,529 | | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | 3,545,294 | 3,545,294 | 3,545,294 | | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 17,000,000 | 17,000,000 | 15,066,807 | 7.62000% | 0.016250% | 7.60375% | 120,266.47 | NAP | 1,443,197.64 | NAP | Amortizing Balloon |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 15,665,000 | 15,665,000 | 14,074,962 | 6.62300% | 0.095000% | 6.52800% | 100,284.00 | 87,658.55 | 1,203,408.00 | 1,051,902.60 | Interest Only, Amortizing Balloon |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 14,950,000 | 14,950,000 | 14,101,163 | 8.57000% | 0.016250% | 8.55375% | 115,695.05 | 108,250.80 | 1,388,340.60 | 1,299,009.60 | Interest Only, Amortizing Balloon |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date |
| | | | | | | | | | | | | | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 11/22/2023 | 0 | 1 | 1/1/2024 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 10/5/2023 | 1 | 1 | 12/1/2023 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 11/2/2023 | 1 | 6 | 12/6/2023 |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 8/30/2023 | 3 | 6 | 10/6/2023 |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | | | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | | | | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | | | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | | | | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | | | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | | | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | | | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | | | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | | | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | No | Actual/360 | 36 | 36 | 120 | 120 | 360 | 360 | 11/17/2023 | 0 | 6 | 1/6/2024 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 11/17/2023 | 0 | 6 | 1/6/2024 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 11/6/2023 | 1 | 6 | 12/6/2023 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 11/17/2023 | 0 | 6 | 1/6/2024 |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 11/17/2023 | 0 | 6 | 1/6/2024 |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | | | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | | | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | No | Actual/360 | 36 | 35 | 120 | 119 | 360 | 360 | 10/24/2023 | 1 | 6 | 12/6/2023 |
10.01 | Property | | 1 | Belding | | | | | | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | | | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 10/20/2023 | 1 | 6 | 12/6/2023 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 6/30/2023 | 5 | 6 | 8/6/2023 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 9/13/2023 | 2 | 6 | 11/6/2023 |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 9/28/2023 | 2 | 5 | 11/5/2023 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 10/10/2023 | 1 | 6 | 12/6/2023 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | No | Actual/360 | 36 | 29 | 120 | 113 | 360 | 360 | 5/5/2023 | 7 | 6 | 6/6/2023 |
17 | Loan | | 1 | Magnolia Cove Apartments | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 10/30/2023 | 1 | 6 | 12/6/2023 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 9/6/2023 | 2 | 1 | 11/1/2023 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 8/31/2023 | 3 | 6 | 10/6/2023 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 11/7/2023 | 0 | 6 | 1/6/2024 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | No | Actual/360 | 24 | 17 | 120 | 113 | 360 | 360 | 4/21/2023 | 7 | 6 | 6/6/2023 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | No | Actual/360 | 36 | 35 | 120 | 119 | 360 | 360 | 10/16/2023 | 1 | 6 | 12/6/2023 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
| | | | | | | | 10 | | 12 | | | 31 | 16 | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | 12/1/2033 | 12/1/2033 | 0 | 0 | L(24),D(90),O(6) | 72,418,187 | 35,940,556 | 36,477,631 | 10/31/2023 | T-12 | 74,865,600 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | NAP | 11/1/2033 | 11/1/2033 | 0 | 0 | L(25),D(89),O(6) | 69,724,516 | 18,198,782 | 51,525,734 | 8/31/2023 | T-12 | 69,984,212 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | NAP | 11/6/2028 | 11/6/2028 | 0 | 0 | L(3),YM1(50),O(7) | 33,125,041 | 17,632,016 | 15,493,025 | 8/31/2023 | T-12 | 31,871,739 |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | 12,337,122 | 6,061,040 | 6,276,082 | 8/31/2023 | T-12 | 11,953,557 |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | 12,019,217 | 6,134,449 | 5,884,769 | 8/31/2023 | T-12 | 11,720,682 |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | 8,768,702 | 5,436,528 | 3,332,174 | 8/31/2023 | T-12 | 8,197,499 |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | NAP | 9/6/2033 | 9/6/2033 | 0 | 0 | L(12),YM1(15),DorYM1(86),O(7) | 49,194,589 | 15,499,390 | 33,695,199 | 6/30/2023 | T-12 | 41,116,072 |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | 4,192,094 | 1,380,406 | 2,811,688 | 6/30/2023 | T-12 | 4,097,059 |
4.02 | Property | | 1 | The Centrum | | | | | | | 3,248,221 | 1,076,733 | 2,171,488 | 6/30/2023 | T-12 | 2,622,843 |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | 2,515,072 | 800,467 | 1,714,605 | 6/30/2023 | T-12 | 2,144,275 |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | 2,505,419 | 939,288 | 1,566,131 | 6/30/2023 | T-12 | 2,155,562 |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | 3,547,707 | 1,317,725 | 2,229,982 | 6/30/2023 | T-12 | 3,293,702 |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | 2,806,871 | 856,532 | 1,950,339 | 6/30/2023 | T-12 | 1,792,299 |
4.07 | Property | | 1 | Houma Crossing | | | | | | | 2,018,284 | 686,750 | 1,331,534 | 6/30/2023 | T-12 | 1,800,069 |
4.08 | Property | | 1 | North Lake Square | | | | | | | 2,260,370 | 559,947 | 1,700,423 | 6/30/2023 | T-12 | 1,899,050 |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | 2,227,472 | 624,483 | 1,602,989 | 6/30/2023 | T-12 | 2,246,251 |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | 2,549,115 | 675,191 | 1,873,924 | 6/30/2023 | T-12 | 2,242,819 |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | 1,800,133 | 587,126 | 1,213,007 | 6/30/2023 | T-12 | 1,196,416 |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | 1,910,916 | 561,662 | 1,349,254 | 6/30/2023 | T-12 | 1,617,981 |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | 1,586,810 | 384,727 | 1,202,083 | 6/30/2023 | T-12 | 1,059,965 |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | 1,493,633 | 398,146 | 1,095,487 | 6/30/2023 | T-12 | 997,546 |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | 1,239,916 | 304,014 | 935,902 | 6/30/2023 | T-12 | 1,111,540 |
4.16 | Property | | 1 | Ventura Place | | | | | | | 1,227,663 | 262,855 | 964,808 | 6/30/2023 | T-12 | 768,203 |
4.17 | Property | | 1 | Quail Springs | | | | | | | 1,193,826 | 328,520 | 865,306 | 6/30/2023 | T-12 | 1,206,432 |
4.18 | Property | | 1 | Wallace Commons | | | | | | | 1,269,173 | 302,274 | 966,899 | 6/30/2023 | T-12 | 905,993 |
4.19 | Property | | 1 | Waterford Park South | | | | | | | 1,419,487 | 584,135 | 835,352 | 6/30/2023 | T-12 | 939,677 |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | 1,540,751 | 820,691 | 720,060 | 6/30/2023 | T-12 | 1,284,015 |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | 1,290,004 | 535,476 | 754,528 | 6/30/2023 | T-12 | 1,110,429 |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | 1,112,104 | 287,107 | 824,997 | 6/30/2023 | T-12 | 809,934 |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | 820,259 | 209,104 | 611,155 | 6/30/2023 | T-12 | 727,046 |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | 527,939 | 229,193 | 298,746 | 6/30/2023 | T-12 | 645,992 |
4.25 | Property | | 1 | Tellico Village | | | | | | | 593,751 | 137,575 | 456,176 | 6/30/2023 | T-12 | 532,907 |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | 684,680 | 226,771 | 457,909 | 6/30/2023 | T-12 | 444,306 |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | 670,889 | 216,831 | 454,058 | 6/30/2023 | T-12 | 580,443 |
4.28 | Property | | 1 | Sutters Creek | | | | | | | 524,029 | 122,128 | 401,901 | 6/30/2023 | T-12 | 487,408 |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | 418,001 | 83,533 | 334,468 | 6/30/2023 | T-12 | 395,909 |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 1/6/2027 | 12/6/2033 | 12/6/2033 | 0 | 0 | L(24),D(92),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | NAP | 12/6/2033 | 12/6/2033 | 10 | 0 | L(24),DorYM1(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAP | 11/6/2033 | 11/6/2033 | 0 | 0 | L(25),D(90),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | NAP | 12/6/2028 | 12/6/2028 | 0 | 0 | L(12),YM1(41),O(7) | 4,652,914 | 1,889,439 | 2,763,475 | Various | T-12 | 4,181,289 |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | 2,349,270 | 1,003,089 | 1,346,181 | 9/30/2023 | T-12 | 2,017,573 |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | 1,043,264 | 385,855 | 657,410 | 8/31/2023 | T-12 | 854,427 |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | 1,260,380 | 500,496 | 759,884 | 9/30/2023 | T-12 | 1,309,288 |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | NAP | 12/6/2033 | 12/6/2033 | 0 | 0 | L(23), YM1(1), DorYM1(91), O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
9.02 | Property | | 1 | 221 Law Street | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
9.04 | Property | | 1 | 351 21st Street | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 12/6/2026 | 11/6/2033 | 11/6/2033 | 0 | 0 | L(25),D(88),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
10.01 | Property | | 1 | Belding | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.02 | Property | | 1 | Grand Rapids | | | | | | | NAV | NAV | NAV | NAV | NAV | NAV |
11 | Loan | 20 | 1 | Utica Park Place | NAP | 11/6/2033 | 11/6/2033 | 0 | 0 | L(25),D(91),O(4) | 4,513,488 | 1,779,539 | 2,733,949 | 8/31/2023 | T-12 | 4,267,341 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | NAP | 7/6/2028 | 7/6/2028 | 0 | 0 | L(23),YM1(6),DorYM1(24),O(7) | 62,683,274 | 35,986,252 | 26,697,022 | 3/31/2023 | T-12 | 61,168,739 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | 10/6/2028 | 10/6/2028 | 0 | 0 | L(12),YM1(41),O(7) | 8,679,945 | 1,418,696 | 7,261,249 | 7/31/2023 | T-12 | 8,612,280 |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | 5,386,829 | 286,119 | 5,100,710 | 7/31/2023 | T-12 | 5,348,016 |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | 3,293,116 | 1,132,577 | 2,160,539 | 7/31/2023 | T-12 | 3,264,264 |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | NAP | 10/5/2033 | 10/5/2033 | 0 | 0 | L(26),D(89),O(5) | 10,110,076 | 2,515,237 | 7,594,839 | 7/31/2023 | T-12 | 9,604,742 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | NAP | 11/6/2033 | 11/6/2033 | 0 | 0 | L(25),D(88),O(7) | 16,819,649 | 13,239,346 | 3,580,303 | 7/31/2023 | T-12 | 16,006,927 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 6/6/2026 | 5/6/2033 | 5/6/2033 | 0 | 0 | L(31),D(85),O(4) | 4,061,113 | 1,448,279 | 2,612,835 | 2/28/2023 | T-12 | 4,045,287 |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | 11/6/2033 | 11/6/2033 | 0 | 0 | L(24),YM1(90),O(6) | 3,606,381 | 1,258,529 | 2,347,852 | 10/31/2023 | T-12 | 3,528,285 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | 10/1/2033 | 10/1/2033 | 5 | 0 | L(26),D(89),O(5) | 124,308,174 | 50,782,190 | 73,525,984 | 6/30/2023 | T-12 | 112,940,517 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | NAP | 9/6/2033 | 9/6/2033 | 0 | 0 | L(27),D(89),O(4) | 5,181,305 | 942,005 | 4,239,300 | 7/31/2023 | T-12 | 4,338,430 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | 2,947,136 | 491,942 | 2,455,195 | 7/31/2023 | T-12 | 2,423,442 |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | 1,146,786 | 245,876 | 900,911 | 7/31/2023 | T-12 | 976,919 |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | 1,087,383 | 204,188 | 883,195 | 7/31/2023 | T-12 | 938,069 |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 1/6/2024 | 12/6/2033 | 12/6/2033 | 0 | 0 | L(24),D(89),O(7) | 12,457,610 | 4,775,542 | 7,682,068 | 7/31/2023 | T-12 | 12,595,041 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 6/6/2025 | 5/6/2033 | 5/6/2033 | 0 | 0 | L(31),D(85),O(4) | 2,266,511 | 476,057 | 1,790,454 | 6/30/2023 | T-12 | 2,011,499 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 12/6/2026 | 11/6/2033 | 11/6/2033 | 0 | 0 | L(25),D(92),O(3) | 4,589,783 | 2,240,731 | 2,349,052 | 8/31/2023 | T-12 | 4,353,267 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) |
| | | | | | | 16 | | | | | 16 | | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 38,359,447 | 36,506,153 | 12/31/2022 | T-12 | 73,703,131 | 36,473,501 | 37,229,630 | 12/31/2021 | T-12 | 95.5% | 74,931,706 | 32,816,238 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 17,233,956 | 52,750,256 | 12/31/2022 | T-12 | 69,401,934 | 17,383,847 | 52,018,087 | 12/31/2021 | T-12 | 98.1% | 74,354,670 | 16,415,944 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 17,331,324 | 14,540,415 | 12/31/2022 | T-12 | 31,052,511 | 16,030,922 | 15,021,589 | 12/31/2021 | T-12 | 89.8% | 33,476,790 | 17,313,636 |
3.01 | Property | | 1 | Three Bala Plaza | 5,906,146 | 6,047,411 | 12/31/2022 | T-12 | 12,136,638 | 5,389,004 | 6,747,633 | 12/31/2021 | T-12 | 89.2% | 12,824,095 | 5,860,062 |
3.02 | Property | | 1 | One Bala Plaza | 5,940,161 | 5,780,521 | 12/31/2022 | T-12 | 11,114,797 | 5,473,864 | 5,640,933 | 12/31/2021 | T-12 | 90.1% | 11,580,475 | 5,951,865 |
3.03 | Property | | 1 | Two Bala Plaza | 5,485,016 | 2,712,483 | 12/31/2022 | T-12 | 7,801,076 | 5,168,053 | 2,633,023 | 12/31/2021 | T-12 | 90.2% | 9,072,220 | 5,501,709 |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 14,064,144 | 27,051,928 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 53,888,610 | 17,916,793 |
4.01 | Property | | 1 | Northwoods Marketplace | 1,292,213 | 2,804,846 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 96.5% | 4,330,372 | 1,458,301 |
4.02 | Property | | 1 | The Centrum | 1,031,511 | 1,591,333 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 75.8% | 3,182,719 | 1,167,626 |
4.03 | Property | | 1 | Lawton Marketplace | 679,993 | 1,464,282 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 98.3% | 3,279,829 | 953,800 |
4.04 | Property | | 1 | Carlisle Crossing | 835,548 | 1,320,014 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 94.9% | 3,194,157 | 1,048,116 |
4.05 | Property | | 1 | Southway Shopping Center | 1,585,182 | 1,708,520 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 3,826,353 | 1,358,719 |
4.06 | Property | | 1 | Parkway Centre South | 548,724 | 1,243,575 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 2,969,784 | 846,025 |
4.07 | Property | | 1 | Houma Crossing | 735,874 | 1,064,195 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 76.1% | 2,599,247 | 1,077,547 |
4.08 | Property | | 1 | North Lake Square | 466,423 | 1,432,627 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 97.7% | 2,276,936 | 561,041 |
4.09 | Property | | 1 | Liberty Crossing | 844,019 | 1,402,233 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 91.5% | 2,282,096 | 704,857 |
4.10 | Property | | 1 | Owensboro Town Center | 626,525 | 1,616,294 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 87.4% | 2,579,470 | 845,371 |
4.11 | Property | | 1 | Harbor Town Center | 378,917 | 817,500 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 90.8% | 1,688,547 | 593,756 |
4.12 | Property | | 1 | Lord Salisbury Center | 592,226 | 1,025,756 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 98.0% | 2,226,543 | 767,839 |
4.13 | Property | | 1 | Terrell Mill Village | 279,940 | 780,026 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 1,869,023 | 556,622 |
4.14 | Property | | 1 | The Ridge at Turtle Creek | 276,209 | 721,336 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 1,734,560 | 536,550 |
4.15 | Property | | 1 | Nordstrom Rack | 282,289 | 829,251 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 98.6% | 1,311,742 | 404,466 |
4.16 | Property | | 1 | Ventura Place | 286,698 | 481,505 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 94.7% | 1,446,565 | 413,856 |
4.17 | Property | | 1 | Quail Springs | 312,239 | 894,193 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 1,290,310 | 416,400 |
4.18 | Property | | 1 | Wallace Commons | 237,028 | 668,965 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 96.9% | 1,232,068 | 337,160 |
4.19 | Property | | 1 | Waterford Park South | 405,571 | 534,105 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 91.4% | 1,559,545 | 545,452 |
4.20 | Property | | 1 | Evergreen Marketplace | 639,494 | 644,521 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.9% | 1,541,714 | 769,153 |
4.21 | Property | | 1 | Derby Marketplace | 456,063 | 654,366 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 1,271,174 | 509,265 |
4.22 | Property | | 1 | Stoneridge Village | 203,598 | 606,335 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 1,467,788 | 430,585 |
4.23 | Property | | 1 | FreshThyme & DSW | 192,105 | 534,941 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 832,259 | 255,476 |
4.24 | Property | | 1 | Crossroads Annex | 179,545 | 466,447 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 879,244 | 339,124 |
4.25 | Property | | 1 | Tellico Village | 122,661 | 410,245 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 615,342 | 138,650 |
4.26 | Property | | 1 | Walmart Neighborhood Market | 135,435 | 308,872 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 747,174 | 287,221 |
4.27 | Property | | 1 | PetSmart & Old Navy | 188,775 | 391,668 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 640,400 | 228,872 |
4.28 | Property | | 1 | Sutters Creek | 129,648 | 357,760 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 559,611 | 201,316 |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | 119,691 | 276,218 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.8% | 454,040 | 163,628 |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 4,072,437 | 508,021 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 3,732,246 | 0 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 2,714,693 | 0 |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1,017,552 | 0 |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 82.8% | 5,099,464 | 1,746,408 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 1,798,171 | 2,383,117 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 83.2% | 5,020,470 | 2,067,851 |
8.01 | Property | | 1 | The Residence at Patriot Place | 869,925 | 1,147,648 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 89.6% | 2,508,044 | 1,181,164 |
8.02 | Property | | 1 | Magnolia Manor | 433,971 | 420,456 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 74.5% | 1,167,490 | 393,077 |
8.03 | Property | | 1 | The Retreat at Ragan Park | 494,274 | 815,014 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 79.9% | 1,344,936 | 493,610 |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,344,806 | 1,068,961 |
9.01 | Property | | 1 | 6940 Cornhusker Highway | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,473,760 | 294,752 |
9.02 | Property | | 1 | 221 Law Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,327,786 | 265,557 |
9.03 | Property | | 1 | 1956 Singleton Boulevard | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,082,828 | 216,566 |
9.04 | Property | | 1 | 351 21st Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 576,828 | 115,366 |
9.05 | Property | | 1 | 161 Lorne Avenue West | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 660,002 | 132,000 |
9.06 | Property | | 1 | 18300 Market Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 108,194 | 21,639 |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 115,407 | 23,081 |
10 | Loan | 6, 16 | 2 | Metra Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,702,918 | 555,438 |
10.01 | Property | | 1 | Belding | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,127,677 | 469,152 |
10.02 | Property | | 1 | Grand Rapids | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 575,240 | 86,286 |
11 | Loan | 20 | 1 | Utica Park Place | 1,774,953 | 2,492,389 | 12/31/2022 | T-12 | 4,238,109 | 1,612,533 | 2,625,577 | 12/31/2021 | T-12 | 95.0% | 4,929,165 | 1,749,184 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 34,495,528 | 26,673,211 | 12/31/2022 | T-12 | 60,959,925 | 34,523,645 | 26,436,280 | 12/31/2021 | T-12 | 95.0% | 70,904,067 | 39,203,449 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 1,364,269 | 7,248,011 | 12/31/2022 | T-12 | 7,893,499 | 1,216,548 | 6,676,951 | 12/31/2021 | T-12 | 99.0% | 8,946,010 | 1,449,578 |
13.01 | Property | | 1 | 1 Primerica Parkway | 295,057 | 5,052,958 | 12/31/2022 | T-12 | 5,255,373 | 293,225 | 4,962,148 | 12/31/2021 | T-12 | 99.0% | 5,648,558 | 307,289 |
13.02 | Property | | 1 | 701 Clay Avenue | 1,069,212 | 2,195,052 | 12/31/2022 | T-12 | 2,638,126 | 923,323 | 1,714,803 | 12/31/2021 | T-12 | 99.0% | 3,297,452 | 1,142,289 |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 2,390,218 | 7,214,524 | 12/31/2022 | T-12 | 9,186,860 | 2,304,172 | 6,882,688 | 12/31/2021 | T-12 | 95.3% | 10,656,860 | 2,629,901 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 12,508,415 | 3,498,512 | 12/31/2022 | T-12 | 9,483,668 | 9,152,983 | 330,685 | 12/31/2021 | T-12 | 70.0% | 16,819,649 | 13,051,339 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 1,487,055 | 2,558,232 | 12/31/2022 | T-12 | 3,654,510 | 1,382,258 | 2,272,253 | 12/31/2021 | T-12 | 95.0% | 4,546,866 | 1,607,964 |
17 | Loan | | 1 | Magnolia Cove Apartments | 1,322,274 | 2,206,011 | 12/31/2022 | T-12 | 3,223,455 | 1,297,432 | 1,926,023 | 12/31/2021 | T-12 | 92.8% | 3,606,381 | 1,337,482 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 47,378,697 | 65,561,820 | 12/31/2022 | T-12 | 118,744,930 | 41,284,530 | 77,460,400 | 12/31/2021 | T-12 | 65.2% | 120,518,204 | 52,684,531 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 1,045,568 | 3,292,862 | 12/31/2022 | T-12 | 3,313,980 | 1,039,367 | 2,274,612 | 7/31/2021 | T-12 | 97.4% | 5,499,442 | 1,154,794 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | 551,522 | 1,871,920 | 12/31/2022 | T-12 | 1,857,698 | 539,329 | 1,318,368 | 7/31/2021 | T-12 | 97.5% | 3,167,083 | 638,185 |
19.02 | Property | | 1 | Knoll Ridge Apartments II | 252,921 | 723,998 | 12/31/2022 | T-12 | 761,117 | 244,526 | 516,591 | 7/31/2021 | T-12 | 99.0% | 1,213,851 | 278,737 |
19.03 | Property | | 1 | Knoll Ridge Apartments III | 241,125 | 696,944 | 12/31/2022 | T-12 | 695,165 | 255,512 | 439,653 | 7/31/2021 | T-12 | 95.3% | 1,118,508 | 237,872 |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 4,888,824 | 7,706,217 | 12/31/2022 | T-12 | 11,611,265 | 5,360,789 | 6,250,476 | 12/31/2021 | T-12 | 90.0% | 13,060,666 | 5,228,303 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 541,685 | 1,469,813 | 12/31/2022 | T-12 | 1,868,769 | 548,553 | 1,320,216 | 12/31/2021 | T-12 | 95.0% | 2,362,023 | 555,190 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 2,307,565 | 2,045,702 | 12/31/2022 | T-12 | 3,528,635 | 2,042,582 | 1,486,053 | 12/31/2021 | T-12 | 93.8% | 4,636,071 | 2,484,897 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type |
| | | | | 31 | | 15 | | 7, 14 | 7, 14 | 7 | 7 | 5 | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 42,115,468 | 195,077 | 864,590 | 41,055,801 | 2.48 | 2.42 | 16.0% | 15.6% | 694,000,000 | As Is |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 57,938,726 | 278,330 | 2,102,842 | 55,557,554 | 2.06 | 1.98 | 16.1% | 15.4% | 870,600,000 | As Is |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 16,163,153 | 282,171 | 1,136,329 | 14,744,653 | 1.84 | 1.68 | 16.2% | 14.8% | 210,100,000 | As Is |
3.01 | Property | | 1 | Three Bala Plaza | 6,964,032 | 97,030 | 458,813 | 6,408,189 | | | | | 85,500,000 | As Is |
3.02 | Property | | 1 | One Bala Plaza | 5,628,610 | 96,009 | 401,457 | 5,131,144 | | | | | 81,300,000 | As Is |
3.03 | Property | | 1 | Two Bala Plaza | 3,570,511 | 89,133 | 276,058 | 3,205,320 | | | | | 43,300,000 | As Is |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 35,971,817 | 521,495 | 2,040,576 | 33,409,746 | 2.12 | 1.97 | 13.8% | 12.8% | 508,200,000 | As Portfolio |
4.01 | Property | | 1 | Northwoods Marketplace | 2,872,071 | 35,412 | 165,255 | 2,671,405 | | | | | 41,200,000 | As Is |
4.02 | Property | | 1 | The Centrum | 2,015,093 | 41,167 | 192,112 | 1,781,814 | | | | | 36,800,000 | As Is |
4.03 | Property | | 1 | Lawton Marketplace | 2,326,030 | 28,159 | 131,408 | 2,166,463 | | | | | 31,000,000 | As Is |
4.04 | Property | | 1 | Carlisle Crossing | 2,146,041 | 22,873 | 106,741 | 2,016,428 | | | | | 30,200,000 | As Is |
4.05 | Property | | 1 | Southway Shopping Center | 2,467,634 | 26,310 | 122,779 | 2,318,545 | | | | | 30,000,000 | As Is |
4.06 | Property | | 1 | Parkway Centre South | 2,123,758 | 19,783 | 92,321 | 2,011,654 | | | | | 25,000,000 | As Is |
4.07 | Property | | 1 | Houma Crossing | 1,521,699 | 29,028 | 126,996 | 1,365,676 | | | | | 24,800,000 | As Is |
4.08 | Property | | 1 | North Lake Square | 1,715,895 | 21,017 | 98,081 | 1,596,796 | | | | | 24,500,000 | As Is |
4.09 | Property | | 1 | Liberty Crossing | 1,577,238 | 26,442 | 74,038 | 1,476,758 | | | | | 23,900,000 | As Is |
4.10 | Property | | 1 | Owensboro Town Center | 1,734,099 | 47,833 | 115,459 | 1,570,807 | | | | | 22,700,000 | As Is |
4.11 | Property | | 1 | Harbor Town Center | 1,094,791 | 11,251 | 49,225 | 1,034,315 | | | | | 18,400,000 | As Is |
4.12 | Property | | 1 | Lord Salisbury Center | 1,458,704 | 17,073 | 79,675 | 1,361,956 | | | | | 15,600,000 | As Is |
4.13 | Property | | 1 | Terrell Mill Village | 1,312,401 | 11,189 | 52,213 | 1,248,999 | | | | | 17,200,000 | As Is |
4.14 | Property | | 1 | The Ridge at Turtle Creek | 1,198,010 | 19,741 | 69,094 | 1,109,175 | | | | | 15,500,000 | As Is |
4.15 | Property | | 1 | Nordstrom Rack | 907,276 | 6,819 | 31,820 | 868,637 | | | | | 14,800,000 | As Is |
4.16 | Property | | 1 | Ventura Place | 1,032,709 | 12,653 | 46,617 | 973,440 | | | | | 14,090,000 | As Is |
4.17 | Property | | 1 | Quail Springs | 873,909 | 15,061 | 70,283 | 788,566 | | | | | 13,300,000 | As Is |
4.18 | Property | | 1 | Wallace Commons | 894,908 | 8,991 | 17,010 | 868,907 | | | | | 12,800,000 | As Is |
4.19 | Property | | 1 | Waterford Park South | 1,014,092 | 31,248 | 64,334 | 918,510 | | | | | 12,600,000 | As Is |
4.20 | Property | | 1 | Evergreen Marketplace | 772,561 | 8,473 | 34,889 | 729,198 | | | | | 11,400,000 | As Is |
4.21 | Property | | 1 | Derby Marketplace | 761,910 | 15,000 | 70,000 | 676,910 | | | | | 10,500,000 | As Is |
4.22 | Property | | 1 | Stoneridge Village | 1,037,204 | 10,872 | 50,738 | 975,593 | | | | | 9,300,000 | As Is |
4.23 | Property | | 1 | FreshThyme & DSW | 576,783 | 7,355 | 34,323 | 535,105 | | | | | 7,500,000 | As Is |
4.24 | Property | | 1 | Crossroads Annex | 540,120 | 6,087 | 28,405 | 505,629 | | | | | 7,100,000 | As Is |
4.25 | Property | | 1 | Tellico Village | 476,692 | 13,097 | 28,650 | 434,945 | | | | | 6,600,000 | As Is |
4.26 | Property | | 1 | Walmart Neighborhood Market | 459,953 | 1,215 | 5,670 | 453,068 | | | | | 6,200,000 | As Is |
4.27 | Property | | 1 | PetSmart & Old Navy | 411,528 | 4,346 | 20,279 | 386,904 | | | | | 5,700,000 | As Is |
4.28 | Property | | 1 | Sutters Creek | 358,295 | 20,801 | 56,003 | 281,491 | | | | | 5,150,000 | As Is |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | 290,412 | 2,200 | 6,160 | 282,052 | | | | | 4,350,000 | As Is |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 3,564,417 | 25,250 | 0 | 3,539,167 | 1.21 | 1.20 | 9.9% | 9.8% | 60,900,000 | As Is |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 3,732,246 | 0 | 0 | 3,732,246 | 1.78 | 1.78 | 11.0% | 11.0% | 57,200,000 | As Is |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | 2,714,693 | 0 | 0 | 2,714,693 | | | | | 43,500,000 | As Is |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | 1,017,552 | 0 | 0 | 1,017,552 | | | | | 13,700,000 | As Is |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 3,353,056 | 80,000 | 0 | 3,273,056 | 1.38 | 1.34 | 11.6% | 11.4% | 73,000,000 | As Is |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 2,952,619 | 130,750 | 0 | 2,821,869 | 1.31 | 1.25 | 8.9% | 8.6% | 52,000,000 | As Is |
8.01 | Property | | 1 | The Residence at Patriot Place | 1,326,880 | 64,250 | 0 | 1,262,630 | | | | | 25,600,000 | As Is |
8.02 | Property | | 1 | Magnolia Manor | 774,414 | 30,500 | 0 | 743,914 | | | | | 11,600,000 | As Is |
8.03 | Property | | 1 | The Retreat at Ragan Park | 851,325 | 36,000 | 0 | 815,325 | | | | | 14,800,000 | As Is |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | 4,275,844 | 119,952 | 239,904 | 3,915,989 | 2.13 | 1.95 | 13.6% | 12.5% | 58,265,000 | As Is |
9.01 | Property | | 1 | 6940 Cornhusker Highway | 1,179,008 | 28,291 | 56,581 | 1,094,136 | | | | | 16,590,000 | As Is |
9.02 | Property | | 1 | 221 Law Street | 1,062,229 | 35,250 | 70,500 | 956,479 | | | | | 14,400,000 | As Is |
9.03 | Property | | 1 | 1956 Singleton Boulevard | 866,262 | 18,382 | 36,765 | 811,115 | | | | | 12,300,000 | As Is |
9.04 | Property | | 1 | 351 21st Street | 461,462 | 13,086 | 26,172 | 422,204 | | | | | 6,250,000 | As Is |
9.05 | Property | | 1 | 161 Lorne Avenue West | 528,001 | 17,788 | 35,576 | 474,638 | | | | | 6,225,000 | As Is |
9.06 | Property | | 1 | 18300 Market Street | 86,556 | 1,125 | 2,250 | 83,181 | | | | | 1,300,000 | As Is |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | 92,326 | 6,030 | 12,060 | 74,236 | | | | | 1,200,000 | As Is |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 3,147,480 | 67,516 | 114,595 | 2,965,370 | 1.38 | 1.30 | 11.6% | 10.9% | 45,830,000 | As Is |
10.01 | Property | | 1 | Belding | 2,658,526 | 57,049 | 96,802 | 2,504,675 | | | | | 38,600,000 | As Is |
10.02 | Property | | 1 | Grand Rapids | 488,954 | 10,467 | 17,793 | 460,695 | | | | | 7,230,000 | As Is |
11 | Loan | 20 | 1 | Utica Park Place | 3,179,980 | 59,383 | 225,000 | 2,895,598 | 1.50 | 1.36 | 11.8% | 10.7% | 45,600,000 | As Is |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 31,700,618 | 192,114 | 2,881,704 | 28,626,800 | 1.53 | 1.39 | 11.6% | 10.4% | 555,000,000 | As Is |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 7,496,432 | 120,771 | 0 | 7,375,661 | 1.78 | 1.75 | 13.8% | 13.6% | 112,100,000 | As Is |
13.01 | Property | | 1 | 1 Primerica Parkway | 5,341,269 | 86,119 | 0 | 5,255,150 | | | | | 77,100,000 | As Is |
13.02 | Property | | 1 | 701 Clay Avenue | 2,155,163 | 34,652 | 0 | 2,120,511 | | | | | 35,000,000 | As Is |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 8,026,958 | 54,134 | 20,668 | 7,952,156 | 1.52 | 1.51 | 11.2% | 11.1% | 125,600,000 | As Is |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 3,768,310 | 672,786 | 0 | 3,095,524 | 1.81 | 1.49 | 15.7% | 12.9% | 45,100,000 | Prospective Market Value Upon Completion |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 2,938,902 | 41,378 | 109,927 | 2,787,597 | 1.74 | 1.65 | 12.6% | 12.0% | 33,600,000 | As Is |
17 | Loan | | 1 | Magnolia Cove Apartments | 2,268,899 | 94,000 | 0 | 2,174,899 | 1.34 | 1.28 | 9.9% | 9.5% | 36,300,000 | As Is |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 67,833,673 | 229,924 | 2,110,256 | 65,493,494 | 4.06 | 3.92 | 24.2% | 23.4% | 1,596,000,000 | As Is |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 4,344,648 | 70,800 | 0 | 4,273,848 | 1.40 | 1.37 | 10.2% | 10.1% | 62,400,000 | As Is |
19.01 | Property | | 1 | Knoll Ridge Apartments I | 2,528,898 | 40,000 | 0 | 2,488,898 | | | | | 35,800,000 | As Is |
19.02 | Property | | 1 | Knoll Ridge Apartments II | 935,113 | 16,000 | 0 | 919,113 | | | | | 13,600,000 | As Is |
19.03 | Property | | 1 | Knoll Ridge Apartments III | 880,636 | 14,800 | 0 | 865,836 | | | | | 13,000,000 | As Is |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 7,832,363 | 48,258 | 455,419 | 7,328,686 | 1.68 | 1.57 | 14.2% | 13.3% | 95,000,000 | As Is |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 1,806,832 | 29,909 | 79,696 | 1,697,228 | 1.50 | 1.41 | 11.5% | 10.8% | 24,100,000 | As Is |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 2,151,174 | 185,443 | 0 | 1,965,731 | 1.55 | 1.42 | 14.4% | 13.1% | 23,000,000 | As Is |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date |
| | | | | | 5, 7 | 5, 7 | 3,4 | | | 4, 21, 22, 23, 28 | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 10/27/2023 | 38.0% | 38.0% | 96.1% | 11/14/2023 | No | Nordstrom | 200,000 | 18.8% | 3/2/2025 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 9/1/2023 | 41.4% | 41.4% | 98.3% | 6/15/2023 | No | Live Casino Hotel Maryland | 547,331 | 28.2% | 7/13/2115 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 7/27/2023 | 47.4% | 47.4% | 89.4% | 8/30/2023 | | | | | |
3.01 | Property | | 1 | Three Bala Plaza | 7/27/2023 | | | 87.1% | 8/30/2023 | No | Tokio Marine North America, Inc. | 90,687 | 23.2% | 1/31/2035 |
3.02 | Property | | 1 | One Bala Plaza | 7/27/2023 | | | 88.9% | 8/30/2023 | No | Tokio Marine North America, Inc. | 205,243 | 53.1% | 1/31/2035 |
3.03 | Property | | 1 | Two Bala Plaza | 7/27/2023 | | | 92.6% | 8/30/2023 | No | Saks Fifth Avenue LLC | 100,500 | 28.0% | 8/31/2027 |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 7/31/2023 | 51.2% | 51.2% | 95.3% | 9/1/2023 | | | | | |
4.01 | Property | | 1 | Northwoods Marketplace | 7/10/2023 | | | 97.8% | 9/1/2023 | No | Best Buy | 43,278 | 18.3% | 11/25/2028 |
4.02 | Property | | 1 | The Centrum | 7/12/2023 | | | 79.9% | 9/1/2023 | No | Super G Mart | 108,714 | 39.6% | 5/31/2042 |
4.03 | Property | | 1 | Lawton Marketplace | 7/20/2023 | | | 98.9% | 9/1/2023 | No | Academy Sports | 62,168 | 31.6% | 1/31/2033 |
4.04 | Property | | 1 | Carlisle Crossing | 7/19/2023 | | | 95.3% | 9/1/2023 | No | Michaels | 21,647 | 14.2% | 5/31/2026 |
4.05 | Property | | 1 | Southway Shopping Center | 7/7/2023 | | | 100.0% | 9/1/2023 | No | Marshalls | 34,327 | 18.9% | 4/30/2026 |
4.06 | Property | | 1 | Parkway Centre South | 7/17/2023 | | | 100.0% | 9/1/2023 | No | TJ Maxx | 28,000 | 21.2% | 11/30/2026 |
4.07 | Property | | 1 | Houma Crossing | 7/16/2023 | | | 83.4% | 9/1/2023 | No | Hobby Lobby | 56,676 | 31.2% | 8/31/2031 |
4.08 | Property | | 1 | North Lake Square | 7/9/2023 | | | 99.0% | 9/1/2023 | No | Hobby Lobby | 55,000 | 39.3% | 10/31/2030 |
4.09 | Property | | 1 | Liberty Crossing | 7/24/2023 | | | 93.2% | 9/1/2023 | No | Ross Dress For Less | 27,657 | 26.1% | 1/31/2026 |
4.10 | Property | | 1 | Owensboro Town Center | 7/23/2023 | | | 90.5% | 9/1/2023 | No | Best Buy | 32,425 | 19.7% | 3/31/2026 |
4.11 | Property | | 1 | Harbor Town Center | 7/20/2023 | | | 93.0% | 9/1/2023 | No | Kohls Corporation | 68,423 | 49.3% | 1/31/2029 |
4.12 | Property | | 1 | Lord Salisbury Center | 7/18/2023 | | | 98.8% | 9/1/2023 | No | Ross Dress For Less | 30,187 | 26.5% | 1/31/2026 |
4.13 | Property | | 1 | Terrell Mill Village | 7/9/2023 | | | 100.0% | 9/1/2023 | No | L.A. Fitness | 45,000 | 59.9% | 7/31/2030 |
4.14 | Property | | 1 | The Ridge at Turtle Creek | 7/10/2023 | | | 100.0% | 9/1/2023 | No | Academy Sports | 75,760 | 76.8% | 1/31/2035 |
4.15 | Property | | 1 | Nordstrom Rack | 7/24/2023 | | | 97.7% | 9/1/2023 | No | Nordstrom Rack | 33,901 | 74.6% | 10/31/2030 |
4.16 | Property | | 1 | Ventura Place | 7/25/2023 | | | 96.0% | 9/1/2023 | No | VCA Animal Hospitals, Inc. | 28,000 | 42.0% | 1/31/2032 |
4.17 | Property | | 1 | Quail Springs | 7/18/2023 | | | 100.0% | 9/1/2023 | No | Hobby Lobby | 55,126 | 54.9% | 9/30/2028 |
4.18 | Property | | 1 | Wallace Commons | 7/12/2023 | | | 98.5% | 9/1/2023 | No | Kohls Corporation | 68,639 | 69.7% | 1/31/2029 |
4.19 | Property | | 1 | Waterford Park South | 7/23/2023 | | | 93.4% | 9/1/2023 | No | Ross Dress For Less | 27,623 | 30.1% | 1/31/2025 |
4.20 | Property | | 1 | Evergreen Marketplace | 7/23/2023 | | | 100.0% | 9/1/2023 | No | Ross Dress For Less | 25,046 | 50.3% | 1/31/2029 |
4.21 | Property | | 1 | Derby Marketplace | 7/19/2023 | | | 100.0% | 9/1/2023 | No | Hobby Lobby | 55,000 | 55.0% | 9/30/2030 |
4.22 | Property | | 1 | Stoneridge Village | 7/19/2023 | | | 100.0% | 9/1/2023 | No | Academy Sports + Outdoors | 45,000 | 62.1% | 2/28/2039 |
4.23 | Property | | 1 | FreshThyme & DSW | 7/21/2023 | | | 100.0% | 9/1/2023 | No | Fresh Thyme Farmers Market | 26,081 | 53.2% | 10/31/2024 |
4.24 | Property | | 1 | Crossroads Annex | 7/16/2023 | | | 100.0% | 9/1/2023 | No | DSW | 18,000 | 44.4% | 1/31/2029 |
4.25 | Property | | 1 | Tellico Village | 7/9/2023 | | | 100.0% | 9/1/2023 | No | Food Lion, LLC | 34,928 | 85.3% | 12/16/2028 |
4.26 | Property | | 1 | Walmart Neighborhood Market | 7/9/2023 | | | 100.0% | 9/1/2023 | No | Wal-Mart | 42,141 | 81.9% | 8/4/2035 |
4.27 | Property | | 1 | PetSmart & Old Navy | 7/17/2023 | | | 100.0% | 9/1/2023 | No | Old Navy | 15,112 | 52.2% | 10/31/2027 |
4.28 | Property | | 1 | Sutters Creek | 7/12/2023 | | | 100.0% | 9/1/2023 | No | Hobby Lobby | 55,710 | 69.6% | 8/31/2031 |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | 7/19/2023 | | | 100.0% | 9/1/2023 | No | Mattress Firm | 4,500 | 51.1% | 1/31/2027 |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 8/1/2023 | 59.1% | 54.6% | 93.1% | 11/14/2023 | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 9/13/2023 | 59.4% | 59.4% | 100.0% | 11/17/2023 | | | | | |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | 9/13/2023 | | | 100.0% | 11/17/2023 | Yes | MRP Solutions | 410,837 | 100.0% | 6/1/2047 |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | 9/13/2023 | | | 100.0% | 11/17/2023 | Yes | MRP Solutions | 149,304 | 100.0% | 6/1/2047 |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 10/23/2023 | 45.2% | 45.2% | 82.8% | 10/1/2023 | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | Various | 63.5% | 63.5% | 83.4% | Various | | | | | |
8.01 | Property | | 1 | The Residence at Patriot Place | 9/18/2023 | | | 89.9% | 10/1/2023 | NAP | NAP | NAP | NAP | NAP |
8.02 | Property | | 1 | Magnolia Manor | 8/17/2023 | | | 73.0% | 10/27/2023 | NAP | NAP | NAP | NAP | NAP |
8.03 | Property | | 1 | The Retreat at Ragan Park | 9/12/2023 | | | 80.6% | 10/1/2023 | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | Various | 53.8% | 53.8% | 100.0% | 11/1/2023 | | | | | |
9.01 | Property | | 1 | 6940 Cornhusker Highway | 8/7/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 188,604 | 100.0% | 7/31/2048 |
9.02 | Property | | 1 | 221 Law Street | 8/8/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 235,000 | 100.0% | 7/31/2048 |
9.03 | Property | | 1 | 1956 Singleton Boulevard | 8/8/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 122,549 | 100.0% | 7/31/2048 |
9.04 | Property | | 1 | 351 21st Street | 8/9/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 87,241 | 100.0% | 7/31/2048 |
9.05 | Property | | 1 | 161 Lorne Avenue West | 8/4/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 118,585 | 100.0% | 7/31/2048 |
9.06 | Property | | 1 | 18300 Market Street | 8/4/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 7,500 | 100.0% | 7/31/2048 |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | 8/9/2023 | | | 100.0% | 11/1/2023 | Yes | Cleaver Brooks | 40,200 | 100.0% | 7/31/2048 |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 8/2/2023 | 59.4% | 55.1% | 100.0% | 10/24/2023 | | | | | |
10.01 | Property | | 1 | Belding | 8/2/2023 | | | 100.0% | 10/24/2023 | Yes | Extruded Aluminum Corporation | 380,325 | 100.0% | 9/30/2048 |
10.02 | Property | | 1 | Grand Rapids | 8/2/2023 | | | 100.0% | 10/24/2023 | Yes | Extruded Aluminum Corporation | 69,779 | 100.0% | 9/30/2048 |
11 | Loan | 20 | 1 | Utica Park Place | 8/31/2023 | 59.2% | 59.2% | 97.4% | 11/1/2023 | No | Sam's Club | 164,016 | 33.1% | 10/31/2028 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 4/19/2023 | 49.4% | 49.4% | 98.6% | 5/1/2023 | No | Michael Kors (USA), Inc | 254,485 | 26.5% | 3/31/2026 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Various | 48.4% | 48.4% | 100.0% | 9/13/2023 | | | | | |
13.01 | Property | | 1 | 1 Primerica Parkway | 7/11/2023 | | | 100.0% | 9/13/2023 | Yes | Primerica Life Insurance Company | 344,476 | 100.0% | 12/31/2035 |
13.02 | Property | | 1 | 701 Clay Avenue | 7/12/2023 | | | 100.0% | 9/13/2023 | Yes | GSA - Veterans Benefits Administration | 138,608 | 100.0% | 12/29/2035 |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 8/25/2023 | 56.9% | 56.9% | 95.6% | 8/30/2023 | No | Best Buy | 46,005 | 12.7% | 1/31/2026 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 7/31/2024 | 53.2% | 53.2% | 70.0% | 7/31/2023 | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 2/21/2023 | 69.4% | 62.8% | 98.6% | 8/16/2023 | No | Hobby Lobby | 56,455 | 20.5% | 10/31/2028 |
17 | Loan | | 1 | Magnolia Cove Apartments | 10/4/2023 | 63.4% | 63.4% | 97.9% | 10/31/2023 | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 5/8/2023 | 17.5% | 17.5% | 62.2% | 6/5/2023 | No | Verizon | 184,420 | 16.0% | 5/31/2033 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 8/1/2023 | 68.1% | 68.1% | 98.3% | 7/15/2023 | | | | | |
19.01 | Property | | 1 | Knoll Ridge Apartments I | 8/1/2023 | | | 98.5% | 7/15/2023 | NAP | NAP | NAP | NAP | NAP |
19.02 | Property | | 1 | Knoll Ridge Apartments II | 8/1/2023 | | | 100.0% | 7/15/2023 | NAP | NAP | NAP | NAP | NAP |
19.03 | Property | | 1 | Knoll Ridge Apartments III | 8/1/2023 | | | 95.9% | 7/15/2023 | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 8/23/2023 | 57.9% | 51.3% | 86.8% | 8/1/2023 | No | Northwestern University | 107,217 | 55.5% | 3/31/2031 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 1/10/2023 | 65.0% | 58.4% | 98.0% | 7/20/2023 | No | K1 Speed Racing | 40,000 | 20.1% | 12/31/2031 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 9/22/2023 | 65.0% | 61.3% | 93.5% | 8/31/2023 | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date |
| | | | | 4, 21, 22, 23, 28 | | | | 4, 21, 22, 23, 28 | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | H&M | 27,320 | 2.6% | 1/31/2029 | Peppa Pig World of Play | 22,963 | 2.2% | 12/31/2036 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | Bass Pro Shops Outdoor | 127,672 | 6.6% | 10/3/2026 | Cinemark Theatres | 107,190 | 5.5% | 12/31/2025 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | | | | | | | | |
3.01 | Property | | 1 | Three Bala Plaza | Global Indemnity Group, Inc. | 40,517 | 10.4% | 12/31/2029 | NCS Pearson, Inc. | 37,395 | 9.6% | 7/31/2026 |
3.02 | Property | | 1 | One Bala Plaza | Beasley Media Group, LLC | 36,858 | 9.5% | 3/31/2029 | Vitalyst, LLC | 26,530 | 6.9% | 12/31/2025 |
3.03 | Property | | 1 | Two Bala Plaza | Massachusetts Mutual Life Insurance Company | 24,985 | 7.0% | 6/30/2025 | United States Postal Service | 20,479 | 5.7% | 4/30/2026 |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | | | | | | | | |
4.01 | Property | | 1 | Northwoods Marketplace | Big Lots | 34,000 | 14.4% | 1/31/2028 | Aldi | 25,046 | 10.6% | 8/31/2030 |
4.02 | Property | | 1 | The Centrum | Gabe's | 30,000 | 10.9% | 4/30/2028 | Skyzone | 25,536 | 9.3% | 8/31/2029 |
4.03 | Property | | 1 | Lawton Marketplace | TJ Maxx | 24,000 | 12.2% | 8/31/2028 | Burlington Coat Factory | 20,009 | 10.2% | 2/28/2034 |
4.04 | Property | | 1 | Carlisle Crossing | PetSmart | 20,087 | 13.2% | 6/30/2026 | Aldi | 18,320 | 12.0% | 12/31/2027 |
4.05 | Property | | 1 | Southway Shopping Center | Ross Dress For Less | 31,815 | 17.5% | 1/31/2026 | Best Buy | 30,000 | 16.5% | 1/31/2028 |
4.06 | Property | | 1 | Parkway Centre South | Staples | 20,388 | 15.5% | 10/31/2024 | PetSmart | 19,107 | 14.5% | 1/31/2025 |
4.07 | Property | | 1 | Houma Crossing | Conn's | 30,000 | 16.5% | 11/30/2032 | Club 4 Fitness | 25,754 | 14.2% | 5/1/2033 |
4.08 | Property | | 1 | North Lake Square | Burlington Coat Factory | 40,317 | 28.8% | 2/29/2032 | HomeGoods | 20,000 | 14.3% | 6/30/2026 |
4.09 | Property | | 1 | Liberty Crossing | PetSmart | 20,087 | 19.0% | 1/31/2024 | Dollar Tree | 10,000 | 9.5% | 8/31/2028 |
4.10 | Property | | 1 | Owensboro Town Center | TJ Maxx | 29,409 | 17.8% | 1/31/2027 | PetSmart | 23,197 | 14.1% | 8/31/2033 |
4.11 | Property | | 1 | Harbor Town Center | TJ Maxx | 22,504 | 16.2% | 5/31/2028 | Petco | 13,685 | 9.9% | 12/31/2027 |
4.12 | Property | | 1 | Lord Salisbury Center | Marshalls | 30,000 | 26.4% | 8/31/2028 | Grocery Outlet | 21,422 | 18.8% | 1/31/2035 |
4.13 | Property | | 1 | Terrell Mill Village | Dollar Tree | 12,000 | 16.0% | 7/31/2027 | Malincho Specialty Foods | 5,500 | 7.3% | 4/30/2026 |
4.14 | Property | | 1 | The Ridge at Turtle Creek | Mattress Express | 6,463 | 6.5% | 8/31/2026 | The Vein Institute of South Mississippi | 3,200 | 3.2% | 1/31/2027 |
4.15 | Property | | 1 | Nordstrom Rack | Ulta | 10,508 | 23.1% | 3/31/2031 | NAP | NAP | NAP | NAP |
4.16 | Property | | 1 | Ventura Place | Ulta | 8,931 | 13.4% | 6/30/2025 | Petland | 6,100 | 9.2% | 8/31/2029 |
4.17 | Property | | 1 | Quail Springs | Best Buy | 45,278 | 45.1% | 3/31/2025 | NAP | NAP | NAP | NAP |
4.18 | Property | | 1 | Wallace Commons | Dollar Tree | 8,125 | 8.2% | 2/29/2028 | Longhorn Steakhouse | 5,570 | 5.7% | 1/31/2029 |
4.19 | Property | | 1 | Waterford Park South | Michaels | 21,727 | 23.6% | 2/28/2026 | PetSmart | 20,087 | 21.9% | 1/31/2032 |
4.20 | Property | | 1 | Evergreen Marketplace | Michaels | 21,574 | 43.3% | 2/28/2026 | Classy Nails | 3,222 | 6.5% | 11/30/2028 |
4.21 | Property | | 1 | Derby Marketplace | Ross Dress For Less | 25,000 | 25.0% | 1/31/2027 | TJ Maxx | 20,000 | 20.0% | 3/31/2026 |
4.22 | Property | | 1 | Stoneridge Village | PetSmart | 12,157 | 16.8% | 1/31/2027 | Five Below | 8,000 | 11.0% | 1/31/2026 |
4.23 | Property | | 1 | FreshThyme & DSW | DSW | 18,654 | 38.0% | 1/31/2028 | Massage Envy | 4,298 | 8.8% | 2/28/2026 |
4.24 | Property | | 1 | Crossroads Annex | Petco | 12,500 | 30.8% | 1/31/2027 | Popshelf | 10,078 | 24.8% | 8/31/2033 |
4.25 | Property | | 1 | Tellico Village | Preferred Pharmacy Tellico | 2,400 | 5.9% | 2/14/2025 | Courtley Chiropractic | 1,200 | 2.9% | 3/31/2027 |
4.26 | Property | | 1 | Walmart Neighborhood Market | Asian Bistro | 3,300 | 6.4% | 1/31/2026 | Dominos Pizza | 1,800 | 3.5% | 9/27/2025 |
4.27 | Property | | 1 | PetSmart & Old Navy | PetSmart | 13,858 | 47.8% | 9/30/2032 | NAP | NAP | NAP | NAP |
4.28 | Property | | 1 | Sutters Creek | Citi Trends | 19,794 | 24.7% | 11/30/2026 | Mattress Firm | 4,500 | 5.6% | 9/30/2026 |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | Panera Bread | 4,300 | 48.9% | 3/31/2029 | NAP | NAP | NAP | NAP |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | | | | | | | | |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | | | | | | | | |
8.01 | Property | | 1 | The Residence at Patriot Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.02 | Property | | 1 | Magnolia Manor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.03 | Property | | 1 | The Retreat at Ragan Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | | | | | | | | |
9.01 | Property | | 1 | 6940 Cornhusker Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.02 | Property | | 1 | 221 Law Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.03 | Property | | 1 | 1956 Singleton Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.04 | Property | | 1 | 351 21st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.05 | Property | | 1 | 161 Lorne Avenue West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.06 | Property | | 1 | 18300 Market Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 6, 16 | 2 | Metra Portfolio | | | | | | | | |
10.01 | Property | | 1 | Belding | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Grand Rapids | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 20 | 1 | Utica Park Place | At Home Stores | 107,400 | 21.7% | 1/31/2029 | Gabe's | 61,094 | 12.3% | 4/30/2033 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | First-Citizens Bank & Trust Company | 153,680 | 16.0% | 5/31/2034 | New York University | 117,382 | 12.2% | 6/30/2027 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | | | | | | | | |
13.01 | Property | | 1 | 1 Primerica Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13.02 | Property | | 1 | 701 Clay Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | Burlington Coat Factory | 37,212 | 10.3% | 1/31/2026 | Bobs Discount Furniture | 34,456 | 9.5% | 5/31/2032 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | Marshalls | 34,151 | 12.4% | 10/31/2025 | Burlington Coat Factory | 26,928 | 9.8% | 2/29/2032 |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | CDIL Data Centre USA LLC (Hudson Interxchange) | 172,775 | 15.0% | 9/30/2032 | Telx - New York LLC (Digital Realty) | 95,494 | 8.3% | 10/31/2027 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | | | | | | | | |
19.01 | Property | | 1 | Knoll Ridge Apartments I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.02 | Property | | 1 | Knoll Ridge Apartments II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.03 | Property | | 1 | Knoll Ridge Apartments III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | MarketLab Research Inc | 9,606 | 5.0% | 9/30/2024 | Ferragamo | 9,586 | 5.0% | 3/31/2032 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | Skyzone | 37,500 | 18.8% | 6/30/2028 | PetSmart | 26,040 | 13.1% | 2/28/2034 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date |
| | | | | 4, 21, 22, 23, 28 | | | | 4, 21, 22, 23, 28 | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Zara | 21,759 | 2.0% | 10/31/2028 | Forever 21 | 21,628 | 2.0% | 1/31/2026 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | Burlington | 81,282 | 4.2% | 1/31/2026 | Medieval Times | 66,244 | 3.4% | 8/31/2033 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | | | | | | | | |
3.01 | Property | | 1 | Three Bala Plaza | Investedge, Inc. | 28,563 | 7.3% | 5/31/2026 | Harmelin Media, Inc. | 23,810 | 6.1% | 6/30/2024 |
3.02 | Property | | 1 | One Bala Plaza | Chas, Kurz & Co., Inc | 15,046 | 3.9% | 4/30/2030 | Savran Benson LLP | 6,778 | 1.8% | 1/31/2029 |
3.03 | Property | | 1 | Two Bala Plaza | iHeartmedia + Entertainment, Inc | 15,097 | 4.2% | 1/31/2030 | Merrill Lynch, Pierce, Fenner & Smith, Incorporated | 14,319 | 4.0% | 9/21/2028 |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | | | | | | | | |
4.01 | Property | | 1 | Northwoods Marketplace | Michael's | 23,327 | 9.9% | 2/28/2026 | PetSmart | 17,445 | 7.4% | 11/30/2028 |
4.02 | Property | | 1 | The Centrum | Guitar Center | 16,000 | 5.8% | 9/30/2029 | Boot Barn Western and Work Wear | 12,000 | 4.4% | 8/31/2032 |
4.03 | Property | | 1 | Lawton Marketplace | Old Navy | 14,995 | 7.6% | 1/31/2034 | PetSmart | 12,328 | 6.3% | 1/31/2024 |
4.04 | Property | | 1 | Carlisle Crossing | Harbor Freight Tools | 14,565 | 9.6% | 8/31/2033 | Furniture & Mattress Discounters, Inc. | 10,478 | 6.9% | 5/31/2024 |
4.05 | Property | | 1 | Southway Shopping Center | dd's DISCOUNTS | 18,000 | 9.9% | 1/31/2033 | My Melrose | 12,680 | 7.0% | 12/31/2028 |
4.06 | Property | | 1 | Parkway Centre South | La-Z-Boy | 18,025 | 13.7% | 9/30/2032 | Ulta | 10,004 | 7.6% | 9/30/2025 |
4.07 | Property | | 1 | Houma Crossing | Five Below | 10,000 | 5.5% | 1/31/2029 | China Buffet | 8,000 | 4.4% | 12/31/2027 |
4.08 | Property | | 1 | North Lake Square | Five Below | 8,111 | 5.8% | 7/31/2026 | Chicken Salad Chick | 3,078 | 2.2% | 6/30/2027 |
4.09 | Property | | 1 | Liberty Crossing | Five Below | 8,474 | 8.0% | 2/29/2032 | Rack Room Shoes, Inc | 5,500 | 5.2% | 1/31/2024 |
4.10 | Property | | 1 | Owensboro Town Center | Jo-Ann Fabrics | 13,560 | 8.2% | 1/31/2027 | Ulta | 13,500 | 8.2% | 2/28/2027 |
4.11 | Property | | 1 | Harbor Town Center | EyeMart Express | 4,271 | 3.1% | 12/31/2028 | Midwest Dental | 3,828 | 2.8% | 11/30/2027 |
4.12 | Property | | 1 | Lord Salisbury Center | Old Navy | 14,800 | 13.0% | MTM | Mattress Warehouse | 3,600 | 3.2% | 7/31/2027 |
4.13 | Property | | 1 | Terrell Mill Village | Animal Dermatology | 3,065 | 4.1% | 7/31/2028 | Kims Care Kleeners | 2,125 | 2.8% | 4/30/2024 |
4.14 | Property | | 1 | The Ridge at Turtle Creek | Massage Envy | 3,150 | 3.2% | 3/31/2028 | Keesler Federal Credit Union | 2,500 | 2.5% | 1/31/2025 |
4.15 | Property | | 1 | Nordstrom Rack | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.16 | Property | | 1 | Ventura Place | Jinja Bistro | 5,428 | 8.2% | 10/31/2026 | Orangetheory Fitness | 3,600 | 5.4% | 12/31/2026 |
4.17 | Property | | 1 | Quail Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.18 | Property | | 1 | Wallace Commons | The Athletes Foot | 5,000 | 5.1% | 11/30/2025 | Glidden Paints | 4,455 | 4.5% | MTM |
4.19 | Property | | 1 | Waterford Park South | CenterWell | 5,400 | 5.9% | 6/30/2030 | Panera Bread | 4,600 | 5.0% | 12/31/2030 |
4.20 | Property | | 1 | Evergreen Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.21 | Property | | 1 | Derby Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.22 | Property | | 1 | Stoneridge Village | Buffalo Wild Wings | 5,400 | 7.5% | 10/8/2029 | GameStop | 1,926 | 2.7% | 1/31/2024 |
4.23 | Property | | 1 | FreshThyme & DSW | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.24 | Property | | 1 | Crossroads Annex | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.25 | Property | | 1 | Tellico Village | Salon Anew | 1,200 | 2.9% | 3/31/2026 | Edward D. Jones & Co. | 1,200 | 2.9% | 1/31/2026 |
4.26 | Property | | 1 | Walmart Neighborhood Market | S&J Spirits | 1,500 | 2.9% | 10/1/2030 | Sassy Me Nail Spa | 1,500 | 2.9% | 11/30/2025 |
4.27 | Property | | 1 | PetSmart & Old Navy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.28 | Property | | 1 | Sutters Creek | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | | | | | | | | |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | | | | | | | | |
8.01 | Property | | 1 | The Residence at Patriot Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.02 | Property | | 1 | Magnolia Manor | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.03 | Property | | 1 | The Retreat at Ragan Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | | | | | | | | |
9.01 | Property | | 1 | 6940 Cornhusker Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.02 | Property | | 1 | 221 Law Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.03 | Property | | 1 | 1956 Singleton Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.04 | Property | | 1 | 351 21st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.05 | Property | | 1 | 161 Lorne Avenue West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.06 | Property | | 1 | 18300 Market Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 6, 16 | 2 | Metra Portfolio | | | | | | | | |
10.01 | Property | | 1 | Belding | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Grand Rapids | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 20 | 1 | Utica Park Place | Value City Furniture | 56,027 | 11.3% | 1/31/2030 | Best Buy | 45,426 | 9.2% | 3/31/2029 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | Kohn Pedersen Fox Associates, P.C. | 92,788 | 9.7% | 4/30/2027 | Burberry (Wholesale) Limited | 45,509 | 4.7% | 8/31/2037 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | | | | | | | | |
13.01 | Property | | 1 | 1 Primerica Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13.02 | Property | | 1 | 701 Clay Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | Nordstrom Rack | 32,794 | 9.1% | 8/31/2026 | Marshalls | 30,709 | 8.5% | 1/31/2027 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | DSW | 26,083 | 9.5% | 10/31/2025 | Old Navy | 23,578 | 8.5% | 8/31/2030 |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | zColo, LLC (DataBank) | 57,840 | 5.0% | 7/31/2032 | Centurylink Communications | 37,472 | 3.3% | 9/30/2033 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | | | | | | | | |
19.01 | Property | | 1 | Knoll Ridge Apartments I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.02 | Property | | 1 | Knoll Ridge Apartments II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.03 | Property | | 1 | Knoll Ridge Apartments III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | TGI Friday's | 8,644 | 4.5% | 10/31/2025 | Zegna | 7,958 | 4.1% | 3/31/2032 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | Staples | 24,049 | 12.1% | 10/31/2026 | Rocksteady Fitness | 16,700 | 8.4% | 6/1/2030 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) |
| | | | | | | | | | | 17 | | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 11/7/2023 | NAP | 11/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 9/25/2023, 9/29/2023 | NAP | 9/8/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | | | | | | | | | | | |
3.01 | Property | | 1 | Three Bala Plaza | 8/3/2023 | NAP | 8/3/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | One Bala Plaza | 8/3/2023 | NAP | 8/3/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Two Bala Plaza | 8/3/2023 | NAP | 8/3/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | | | | | | | | | | | |
4.01 | Property | | 1 | Northwoods Marketplace | 8/1/2023 | NAP | 8/1/2023 | 8/1/2023 | 14% | No | Fee | NAP | NAP | NAP | NAP |
4.02 | Property | | 1 | The Centrum | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.03 | Property | | 1 | Lawton Marketplace | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.04 | Property | | 1 | Carlisle Crossing | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.05 | Property | | 1 | Southway Shopping Center | 8/1/2023 | NAP | 8/4/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP |
4.06 | Property | | 1 | Parkway Centre South | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.07 | Property | | 1 | Houma Crossing | 8/1/2023 | NAP | 8/6/2023 | NAP | NAP | Yes - AH | Fee | NAP | NAP | NAP | NAP |
4.08 | Property | | 1 | North Lake Square | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.09 | Property | | 1 | Liberty Crossing | 8/1/2023 | NAP | 8/4/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.10 | Property | | 1 | Owensboro Town Center | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP |
4.11 | Property | | 1 | Harbor Town Center | 8/1/2023 | NAP | 8/8/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.12 | Property | | 1 | Lord Salisbury Center | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.13 | Property | | 1 | Terrell Mill Village | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.14 | Property | | 1 | The Ridge at Turtle Creek | 8/1/2023 | NAP | 8/6/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.15 | Property | | 1 | Nordstrom Rack | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.16 | Property | | 1 | Ventura Place | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.17 | Property | | 1 | Quail Springs | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.18 | Property | | 1 | Wallace Commons | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.19 | Property | | 1 | Waterford Park South | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.20 | Property | | 1 | Evergreen Marketplace | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.21 | Property | | 1 | Derby Marketplace | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.22 | Property | | 1 | Stoneridge Village | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.23 | Property | | 1 | FreshThyme & DSW | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.24 | Property | | 1 | Crossroads Annex | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.25 | Property | | 1 | Tellico Village | 8/1/2023 | NAP | 8/4/2023 | 8/4/2023 | 6% | No | Fee | NAP | NAP | NAP | NAP |
4.26 | Property | | 1 | Walmart Neighborhood Market | 8/1/2023 | NAP | 8/1/2023 | 8/1/2023 | 13% | No | Fee | NAP | NAP | NAP | NAP |
4.27 | Property | | 1 | PetSmart & Old Navy | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.28 | Property | | 1 | Sutters Creek | 8/1/2023 | NAP | 8/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | 8/1/2023 | NAP | 8/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 8/14/2023 | NAP | 8/14/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | | | | | | | | | | | |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | 9/18/2023 | NAP | 9/15/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | 9/18/2023 | NAP | 9/18/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 10/27/2023 | NAP | 10/23/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | | | | | | | | | | | |
8.01 | Property | | 1 | The Residence at Patriot Place | 9/13/2023 | NAP | 9/21/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP |
8.02 | Property | | 1 | Magnolia Manor | 8/22/2023 | NAP | 8/23/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
8.03 | Property | | 1 | The Retreat at Ragan Park | 9/13/2023 | NAP | 9/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | | | | | | | | | | | |
9.01 | Property | | 1 | 6940 Cornhusker Highway | 5/23/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9.02 | Property | | 1 | 221 Law Street | 5/19/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9.03 | Property | | 1 | 1956 Singleton Boulevard | 5/19/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9.04 | Property | | 1 | 351 21st Street | 5/19/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9.05 | Property | | 1 | 161 Lorne Avenue West | 5/19/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9.06 | Property | | 1 | 18300 Market Street | 5/19/2023 | NAP | 5/19/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | 5/19/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
10 | Loan | 6, 16 | 2 | Metra Portfolio | | | | | | | | | | | |
10.01 | Property | | 1 | Belding | 9/19/2023 | NAP | 8/30/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Grand Rapids | 9/19/2023 | NAP | 8/30/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
11 | Loan | 20 | 1 | Utica Park Place | 9/19/2023 | NAP | 9/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 4/24/2023 | NAP | 5/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | | | | | | | | | | | |
13.01 | Property | | 1 | 1 Primerica Parkway | 7/14/2023 | NAP | 5/16/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
13.02 | Property | | 1 | 701 Clay Avenue | 7/14/2023 | NAP | 5/16/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 8/2/2023 | NAP | 6/22/2023 | 9/14/2023 | 3% | No | Fee | NAP | NAP | NAP | NAP |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 8/4/2023 | NAP | 8/4/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 2/9/2023 | NAP | 2/24/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
17 | Loan | | 1 | Magnolia Cove Apartments | 10/10/2023 | NAP | 10/10/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 5/11/2023 | NAP | 5/11/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | | | | | | | | | | | |
19.01 | Property | | 1 | Knoll Ridge Apartments I | 8/22/2023 | NAP | 8/22/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
19.02 | Property | | 1 | Knoll Ridge Apartments II | 8/22/2023 | NAP | 8/22/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
19.03 | Property | | 1 | Knoll Ridge Apartments III | 8/22/2023 | NAP | 8/23/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 8/31/2023 | NAP | 8/31/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 3/6/2023 | NAP | 3/6/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 9/25/2023 | NAP | 9/25/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) |
| | | | | 18 | 19 | 18 | 19 | 18 | 19 | 20 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 0 | Springing | 0 | Springing | 0 | Springing | 0 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 0 | Springing | 0 | Springing | 0 | Springing | 0 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 346,446 | 346,446 | 56,824 | 28,412 | 0 | 23,514 | 846,514 |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 4,174,654 | 596,379 | 5,240 | 1,310 | 0 | Springing | 0 |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 1,615 | 1,615 | 54,798 | 9,133 | 0 | 2,104 | 0 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 112,316 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 148,178 | 37,045 | 293,784 | 32,643 | 500,000 | 6,667 | 400,000 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 69,758 | 26,830 | 79,884 | 22,190 | 0 | 21,792 | 0 |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | 0 | Springing | 0 | Springing | 0 | Springing | 0 |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 0 |
10.01 | Property | | 1 | Belding | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | 0 | Springing | 0 | Springing | 0 | 4,949 | 225,000 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 0 | Springing | 0 | Springing | 0 | Springing | 288,170 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 0 | Springing | 791 | Springing | 0 | Springing | 0 |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 104,378 | 104,378 | 20,555 | 20,555 | 0 | 0 | 0 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 481,034 | 60,129 | 15,776 | 15,776 | 0 | 56,066 | 0 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 385,265 | 77,053 | 0 | Springing | 80,000 | 3,448 | 0 |
17 | Loan | | 1 | Magnolia Cove Apartments | 413,674 | 34,473 | 64,224 | 10,756 | 0 | 7,833 | 0 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 7,089,987 | 1,772,497 | 0 | Springing | 0 | Springing | 0 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 72,230 | 14,001 | 65,523 | 9,293 | 320,000 | Springing | 320,000 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 692,165 | 230,722 | 0 | Springing | 0 | 4,022 | 0 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 88,318 | 12,617 | 0 | Springing | 300,000 | 2,492 | 0 |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 22,265 | 4,453 | 5,344 | 5,344 | 0 | 15,454 | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
| | | | | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 7,299,496 | 0 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 0 | 231,942 | 5,566,608 | 0 | 0 | 0 | 0 | 4,384,369 | 0 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 5,000,000 | Springing | 2,000,000 | 0 | 0 | 0 | 0 | 3,708,965 | 0 |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 0 | Springing | 0 | 0 | 0 | 0 | 1,027,622 | 10,130,356 | 0 |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 0 | 0 | 0 | 1,403,864 | 0 | 0 | 0 | 8,000,000 | 0 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 0 | Springing | 561,578 | 0 | 0 | 0 | 0 | 0 | 0 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,200,000 | 0 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 534,766 | 1,257,500 | 0 |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
10.01 | Property | | 1 | Belding | | | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | 0 | 18,750 | 900,000 | 0 | 0 | 0 | 0 | 0 | Springing |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 10,000,000 | 240,142 | 0 | 0 | 0 | 0 | 0 | 19,165,251 | 0 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 0 | Springing | 2,173,883 | 0 | 0 | 0 | 11,550 | 11,674,256 | Springing |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 2,500,000 | Springing | 1,500,000 | 0 | 0 | 0 | 0 | 185,505 | Springing |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 0 | 0 | 0 | 0 | 0 | 0 | 124,740 | 1,931,820 | 0 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | 200,000 | 14,446 | 358,610 | 0 | 0 | 0 | 386,478 | 1,488,312 | 0 |
17 | Loan | | 1 | Magnolia Cove Apartments | 0 | 0 | 0 | 0 | 0 | 0 | 82,625 | 0 | 0 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | 0 | 0 | 0 | 0 | 0 | 0 | 564,441 | 50,000 | 0 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | 500,000 | 32,172 | 1,544,256 | 0 | 0 | 0 | 11,500 | 0 | Springing |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | 200,000 | 8,308 | 600,000 | 0 | 0 | 0 | 166,564 | 1,065,325 | Springing |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,297 | 31,297 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) |
| | | | | | 20 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Outstanding TI/LC Reserve ($6,460,707), Gap Rent Reserve ($838,789.17) | 0 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | Outstanding TI/LC Reserve ($3,796,478), Gap Rent Reserve ($587,891) | 0 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | Garage Repair Reserve ($2,300,000), Unfunded Obligations Reserve ($1,179,363.26), Free Rent Reserve ($229,601.42) | 0 |
3.01 | Property | | 1 | Three Bala Plaza | | |
3.02 | Property | | 1 | One Bala Plaza | | |
3.03 | Property | | 1 | Two Bala Plaza | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | Outstanding TI/LC Reserve ($9,576,923), Free Rent Reserve ($311,601), Gap Rent Reserve ($241,832) | 0 |
4.01 | Property | | 1 | Northwoods Marketplace | | |
4.02 | Property | | 1 | The Centrum | | |
4.03 | Property | | 1 | Lawton Marketplace | | |
4.04 | Property | | 1 | Carlisle Crossing | | |
4.05 | Property | | 1 | Southway Shopping Center | | |
4.06 | Property | | 1 | Parkway Centre South | | |
4.07 | Property | | 1 | Houma Crossing | | |
4.08 | Property | | 1 | North Lake Square | | |
4.09 | Property | | 1 | Liberty Crossing | | |
4.10 | Property | | 1 | Owensboro Town Center | | |
4.11 | Property | | 1 | Harbor Town Center | | |
4.12 | Property | | 1 | Lord Salisbury Center | | |
4.13 | Property | | 1 | Terrell Mill Village | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | |
4.15 | Property | | 1 | Nordstrom Rack | | |
4.16 | Property | | 1 | Ventura Place | | |
4.17 | Property | | 1 | Quail Springs | | |
4.18 | Property | | 1 | Wallace Commons | | |
4.19 | Property | | 1 | Waterford Park South | | |
4.20 | Property | | 1 | Evergreen Marketplace | | |
4.21 | Property | | 1 | Derby Marketplace | | |
4.22 | Property | | 1 | Stoneridge Village | | |
4.23 | Property | | 1 | FreshThyme & DSW | | |
4.24 | Property | | 1 | Crossroads Annex | | |
4.25 | Property | | 1 | Tellico Village | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | |
4.28 | Property | | 1 | Sutters Creek | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | Loan Proceeds Holdback Reserve | 0 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | | 0 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | Earn-Out Reserve | 0 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | Unit Renovation Reserve ($1,105,000.00), Fire Damage Reserve ($152,500.00) | 0 |
8.01 | Property | | 1 | The Residence at Patriot Place | | |
8.02 | Property | | 1 | Magnolia Manor | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | Master Lease Trigger Period Avoidance Reserve, DSCR Trigger Period Avoidance Reserve, and Master Lease Reserve | 0 |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | |
9.02 | Property | | 1 | 221 Law Street | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | |
9.04 | Property | | 1 | 351 21st Street | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | |
9.06 | Property | | 1 | 18300 Market Street | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | | 0 |
10.01 | Property | | 1 | Belding | | |
10.02 | Property | | 1 | Grand Rapids | | |
11 | Loan | 20 | 1 | Utica Park Place | Significant Tenant Reserve | 2,500,000 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | Outstanding TI/LC Reserve ($13,479,707.20), Free Rent Reserve ($5,685,543.94) | 0 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Primerica TATILC Reserve (Upfront: $10,678,756), Rent Concession Reserve (Upfront: $872,849.70), Primerica Work Reserve (Upfront: $122,650), Material Tenant Funds Reserve (Monthly: Springing) | Material Tenant Funds Reserve (12 months of Monthly Material Tenant Deposits) |
13.01 | Property | | 1 | 1 Primerica Parkway | | |
13.02 | Property | | 1 | 701 Clay Avenue | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | Outstanding TI/LC Reserve (Upfront: $185,505.15), DSCR Trigger Reserve (Monthly: Springing) | 0 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | PIP Reserve | 0 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | Outstanding TI/LC Reserve | 0 |
17 | Loan | | 1 | Magnolia Cove Apartments | | 0 |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | | 0 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | Radon Testing Reserve | 0 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | Ferragamo Renewal Reserve, Zegna Renewal Reserve | 0 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | Free Rent Reserve (Upfront: $37,575.00), Unfunded Tenant Obligation Reserve (Upfront: $811,002.04), CAM Reconciliation Reserve (Upfront: $216,748.00), Lease Sweep Reserve (Monthly: Springing) | Lease Sweep Reserve ($270,000) |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | Seasonality Reserve | 187,779 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) |
| | | | | | 20 |
23 | Loan | 12, 16, 19, 20, 23, 33 | 1 | Coleman Marketplace | Michael and Burk's Buildout (Upfront: $1,080,893); Free Rent Reserve (Upfront: 475,787.62); Old Navy Upfront Holdback (Upfront: $300,000; Monthly: Springing); Prior Work Reserve (Upfront: $200,000); Lease Sweep Reserve (Monthly: Springing) | Lease Sweep Reserve ($500,000) |
24 | Loan | | 1 | SOS Storage Center | | 0 |
25 | Loan | 4, 5, 6, 7, 19, 23 | 11 | Regency Retail Portfolio | Rent Concessions Reserve | 0 |
25.01 | Property | | 1 | Twin County Plaza | | |
25.02 | Property | | 1 | Prestonsburg Village | | |
25.03 | Property | | 1 | Village Center | | |
25.04 | Property | | 1 | River Creek Village | | |
25.05 | Property | | 1 | Jackson Park | | |
25.06 | Property | | 1 | Wabash Crossing West | | |
25.07 | Property | | 1 | Oak Station | | |
25.08 | Property | | 1 | College Square Plaza | | |
25.09 | Property | | 1 | Lowell Plaza | | |
25.10 | Property | | 1 | Flint River Plaza | | |
25.11 | Property | | 1 | Jackson Square | | |
26 | Loan | 19, 27 | 1 | Holiday Inn Kansas City | | 0 |
27 | Loan | 23 | 1 | Terraces at Windy Hill | Outstanding TILC Reserve (Upfront: $340,524.84), Rent Concession Reserve (Upfront: $15,338.00), Trigger Period Reserve (Monthly: Springing) | 0 |
28 | Loan | 16, 19, 20 | 1 | Empire Burbank | Thinkwell Outstanding Tenant Improvement Reserve (Upfront: $610,273.75); Thinkwell Abated Rent Reserve (Upfront: $53,475); Thinkwell Occupancy Reserve (Upfront: $160,425); McCormick Interiors Abated Rent Reserve (Upfront: $31,319.34); Specified Tenant Reserve (Monthly: Springing) | Specified Tenant Reserve ($225,000) |
29 | Loan | 19 | 1 | Best Western Plus Wichita West Airport | | 0 |
30 | Loan | 16, 19 | 1 | Babcock & Wilcox - Chanute | | 0 |
31 | Loan | 17, 27, 30 | 1 | Southside Plaza Shopping Center | Facade Reserve ($860,806.00), Occupancy/NOI Reserve ($50,000.00), Pennies For Gold Leasing Reserve ($12,042.87) | 0 |
32 | Loan | 2, 15, 22 | 1 | 11 West Prospect Avenue | | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management |
| | | | | | | 26 | 26 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | NAP | Hard | Springing |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | NAP | NAP | Hard | Springing |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | NAP | NAP | Hard | Springing |
3.01 | Property | | 1 | Three Bala Plaza | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | NAP | NAP | Hard | Springing |
4.01 | Property | | 1 | Northwoods Marketplace | | | | |
4.02 | Property | | 1 | The Centrum | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | |
4.08 | Property | | 1 | North Lake Square | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | |
4.16 | Property | | 1 | Ventura Place | | | | |
4.17 | Property | | 1 | Quail Springs | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | |
4.25 | Property | | 1 | Tellico Village | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAP | NAP | Springing | Springing |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | NAP | NAP | Hard | Springing |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 4,200,000 | $4,200,000 deposited into the Earn-Out Reserve to be distributed to the borrower upon certain conditions in the loan agreement. | Soft | Springing |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | NAP | NAP | Soft | Springing |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | NAP | NAP | Hard | Springing |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | NAP | NAP | Hard | Springing |
10.01 | Property | | 1 | Belding | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | |
11 | Loan | 20 | 1 | Utica Park Place | NAP | NAP | Hard | Springing |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | NAP | NAP | Hard | Springing |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | Hard | Springing |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | NAP | NAP | Springing | Springing |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | NAP | NAP | Hard | Springing |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | NAP | NAP | Hard | Springing |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | NAP | Springing | Springing |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | Hard | In Place |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | NAP | NAP | Springing | Springing |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | NAP | NAP | Hard | Springing |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | NAP | NAP | Springing | Springing |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | NAP | NAP | Hard | Springing |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
| | | | | | | | | | | 9 | 9 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Yes | No | Yes | No | 68,000,000 | 196,000,000 | 1,049,154.54 | 1,413,146.93 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | Yes | Yes | Yes | No | 60,000,000 | 300,000,000 | 1,951,989.58 | 2,342,387.50 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | Yes | Yes | Yes | No | 40,000,000 | 59,500,000 | 437,869.04 | 732,234.78 |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | Yes | Yes | Yes | No | 36,000,000 | 224,000,000 | 1,219,917.87 | 1,415,976.10 |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | No | Yes | No | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
10.01 | Property | | 1 | Belding | | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | Yes | Yes | Yes | No | 26,333,333 | 247,666,667 | 1,556,860.18 | 1,722,394.44 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Yes | Yes | Yes | No | 25,000,000 | 29,300,000 | 189,901.64 | 351,933.76 |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | Yes | No | Yes | No | 24,000,000 | 47,525,000 | 292,322.76 | 439,944.98 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
17 | Loan | | 1 | Magnolia Cove Apartments | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | Yes | No | Yes | No | 20,000,000 | 260,000,000 | 1,292,792.83 | 1,392,238.43 |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | Yes | No | Yes | No | 17,500,000 | 25,000,000 | 152,505.79 | 259,259.84 |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | Yes | Yes | Yes | No | 17,000,000 | 38,000,000 | 268,830.93 | 389,097.40 |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) |
| | | | | | | | 9 | | 14 | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 30,000,000 | 10.01625% | 294,000,000 | 1,667,031.04 | 42.4% | 2.05 | 14.3% | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | NAP | NAP | 360,000,000 | 2,342,387.50 | 41.4% | 1.98 | 16.1% | NAP | NAP |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | NAP | NAP | 99,500,000 | 732,234.78 | 47.4% | 1.68 | 16.2% | 30,000,000 | 5.00000% |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | NAP | NAP | 260,000,000 | 1,415,976.10 | 51.2% | 1.97 | 13.8% | NAP | NAP |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.01 | Property | | 1 | Belding | | | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | NAP | NAP | 274,000,000 | 1,722,394.44 | 49.4% | 1.39 | 11.6% | 56,000,000 | 14.00000% |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | 54,300,000 | 351,933.76 | 48.4% | 1.75 | 13.8% | NAP | NAP |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | NAP | NAP | 71,525,000 | 439,944.98 | 56.9% | 1.51 | 11.2% | NAP | NAP |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | 280,000,000 | 1,392,238.43 | 17.5% | 3.92 | 24.2% | NAP | NAP |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | NAP | NAP | 42,500,000 | 259,259.84 | 68.1% | 1.37 | 10.2% | NAP | NAP |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | NAP | NAP | 55,000,000 | 389,097.40 | 57.9% | 1.57 | 14.2% | NAP | NAP |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
| | | | | | 9 | | 14 | | 13 | 13 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | NAP | NAP | NAP | NAP | No | NAP |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | NAP | NAP | NAP | NAP | NAP | No | NAP |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 129,500,000 | 858,970.89 | 61.6% | 1.43 | 12.5% | No | NAP |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | NAP | NAP | NAP | NAP | NAP | No | NAP |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAP | NAP | NAP | NAP | NAP | No | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAP | NAP | NAP | NAP | NAP | No | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | NAP | NAP | NAP | NAP | NAP | No | NAP |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | NAP | NAP | NAP | NAP | NAP | No | NAP |
10.01 | Property | | 1 | Belding | | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | NAP | NAP | NAP | NAP | NAP | No | NAP |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 330,000,000 | 2,384,801.85 | 59.5% | 1.00 | 9.6% | No | NAP |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | NAP | NAP | NAP | No | NAP |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | NAP | NAP | NAP | NAP | NAP | No | NAP |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | NAP | NAP | NAP | NAP | NAP | No | NAP |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | NAP | NAP | NAP | NAP | NAP | No | NAP |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | NAP | NAP | NAP | NAP | No | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | NAP | NAP | NAP | No | NAP |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | NAP | NAP | NAP | NAP | NAP | No | NAP |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | NAP | NAP | NAP | NAP | NAP | No | NAP |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | NAP | NAP | NAP | NAP | NAP | No | NAP |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | NAP | NAP | NAP | NAP | NAP | No | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor | Non-Recourse Carveout Guarantor |
| | | | | | 24 |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Simon Property Group, L.P. and Institutional Mall Investors LLC | Simon Property Group, L.P. |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | Simon Property Group, L.P. | Simon Property Group, L.P. |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | Carolyn Dayon, Harry Adjmi, Eva Vegh and Yael Ishakis | Carolyn Dayon, Harry Adjmi, Eva Vegh and Yael Ishakis |
3.01 | Property | | 1 | Three Bala Plaza | | |
3.02 | Property | | 1 | One Bala Plaza | | |
3.03 | Property | | 1 | Two Bala Plaza | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | Global Net Lease, Inc. | Global Net Lease, Inc. |
4.01 | Property | | 1 | Northwoods Marketplace | | |
4.02 | Property | | 1 | The Centrum | | |
4.03 | Property | | 1 | Lawton Marketplace | | |
4.04 | Property | | 1 | Carlisle Crossing | | |
4.05 | Property | | 1 | Southway Shopping Center | | |
4.06 | Property | | 1 | Parkway Centre South | | |
4.07 | Property | | 1 | Houma Crossing | | |
4.08 | Property | | 1 | North Lake Square | | |
4.09 | Property | | 1 | Liberty Crossing | | |
4.10 | Property | | 1 | Owensboro Town Center | | |
4.11 | Property | | 1 | Harbor Town Center | | |
4.12 | Property | | 1 | Lord Salisbury Center | | |
4.13 | Property | | 1 | Terrell Mill Village | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | |
4.15 | Property | | 1 | Nordstrom Rack | | |
4.16 | Property | | 1 | Ventura Place | | |
4.17 | Property | | 1 | Quail Springs | | |
4.18 | Property | | 1 | Wallace Commons | | |
4.19 | Property | | 1 | Waterford Park South | | |
4.20 | Property | | 1 | Evergreen Marketplace | | |
4.21 | Property | | 1 | Derby Marketplace | | |
4.22 | Property | | 1 | Stoneridge Village | | |
4.23 | Property | | 1 | FreshThyme & DSW | | |
4.24 | Property | | 1 | Crossroads Annex | | |
4.25 | Property | | 1 | Tellico Village | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | |
4.28 | Property | | 1 | Sutters Creek | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | Martin Joseph and Hershy Silberstein | Martin Joseph and Hershy Silberstein |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | AG Net Lease IV (Q) Corp., AG Net Lease IV Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P. | AG Net Lease IV (Q) Corp., AG Net Lease IV Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P. |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | David Dedvukaj | David Dedvukaj |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | Moshe Horn | Moshe Horn, Ari Biderman, and Mordechy Donat |
8.01 | Property | | 1 | The Residence at Patriot Place | | |
8.02 | Property | | 1 | Magnolia Manor | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | New Mountain Net Lease Partners II Corporation | New Mountain Net Lease Partners II Corporation |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | |
9.02 | Property | | 1 | 221 Law Street | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | |
9.04 | Property | | 1 | 351 21st Street | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | |
9.06 | Property | | 1 | 18300 Market Street | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | Agracel, Inc. | Agracel, Inc. |
10.01 | Property | | 1 | Belding | | |
10.02 | Property | | 1 | Grand Rapids | | |
11 | Loan | 20 | 1 | Utica Park Place | REDICO Properties LLC | REDICO Properties LLC |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | Tishman Speyer Properties, L.P. and Silverstein Properties, LLC | NAP |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Office Properties Income Trust | Office Properties Income Trust |
13.01 | Property | | 1 | 1 Primerica Parkway | | |
13.02 | Property | | 1 | 701 Clay Avenue | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | Cane Living Trust Dated February 17, 1981 and The Ronald and Mary Ellen Cane 1996 Irrevocable Trust | Cane Living Trust Dated February 17, 1981 and The Ronald and Mary Ellen Cane 1996 Irrevocable Trust |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | Joel Yacoob and Shiya Labin | Joel Yacoob and Shiya Labin |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | Shridhar Marupudi and Ziaur Rahman | Shridhar Marupudi and Ziaur Rahman |
17 | Loan | | 1 | Magnolia Cove Apartments | Gary W. Gates, Jr. | Gary W. Gates, Jr. |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | The Stahl Organization | NAP |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | Mendel Steiner | Mendel Steiner |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | Jeffrey J. Feil | Jeffrey J. Feil and Joseph Nakash |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | Yitzchak M. Green and Basha Rivka Green | Yitzchak M. Green and Basha Rivka Green |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | Peter Sun and Lily Hsue | Peter Sun and Lily Hsue |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) |
| | | | | | 33 | | 29 | | | | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | No | No | Refinance | No | 264,000,000 | 88,955,402 | 30,000,000 | 0 | 382,955,402 | 373,692,064 |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | No | No | Refinance | No | 360,000,000 | 32,236,503 | 0 | 0 | 392,236,503 | 384,870,923 |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | No | Yes | Acquisition | | 99,500,000 | 51,299,773 | 30,000,000 | 20,298,509 | 201,098,281 | 0 |
3.01 | Property | | 1 | Three Bala Plaza | | | | No | | | | | | |
3.02 | Property | | 1 | One Bala Plaza | | | | No | | | | | | |
3.03 | Property | | 1 | Two Bala Plaza | | | | No | | | | | | |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | No | No | Recapitalization | | 260,000,000 | 0 | 0 | 0 | 260,000,000 | 0 |
4.01 | Property | | 1 | Northwoods Marketplace | | | | No | | | | | | |
4.02 | Property | | 1 | The Centrum | | | | No | | | | | | |
4.03 | Property | | 1 | Lawton Marketplace | | | | No | | | | | | |
4.04 | Property | | 1 | Carlisle Crossing | | | | No | | | | | | |
4.05 | Property | | 1 | Southway Shopping Center | | | | No | | | | | | |
4.06 | Property | | 1 | Parkway Centre South | | | | No | | | | | | |
4.07 | Property | | 1 | Houma Crossing | | | | No | | | | | | |
4.08 | Property | | 1 | North Lake Square | | | | No | | | | | | |
4.09 | Property | | 1 | Liberty Crossing | | | | No | | | | | | |
4.10 | Property | | 1 | Owensboro Town Center | | | | No | | | | | | |
4.11 | Property | | 1 | Harbor Town Center | | | | No | | | | | | |
4.12 | Property | | 1 | Lord Salisbury Center | | | | No | | | | | | |
4.13 | Property | | 1 | Terrell Mill Village | | | | No | | | | | | |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | No | | | | | | |
4.15 | Property | | 1 | Nordstrom Rack | | | | No | | | | | | |
4.16 | Property | | 1 | Ventura Place | | | | No | | | | | | |
4.17 | Property | | 1 | Quail Springs | | | | No | | | | | | |
4.18 | Property | | 1 | Wallace Commons | | | | No | | | | | | |
4.19 | Property | | 1 | Waterford Park South | | | | No | | | | | | |
4.20 | Property | | 1 | Evergreen Marketplace | | | | No | | | | | | |
4.21 | Property | | 1 | Derby Marketplace | | | | No | | | | | | |
4.22 | Property | | 1 | Stoneridge Village | | | | No | | | | | | |
4.23 | Property | | 1 | FreshThyme & DSW | | | | No | | | | | | |
4.24 | Property | | 1 | Crossroads Annex | | | | No | | | | | | |
4.25 | Property | | 1 | Tellico Village | | | | No | | | | | | |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | No | | | | | | |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | No | | | | | | |
4.28 | Property | | 1 | Sutters Creek | | | | No | | | | | | |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | No | | | | | | |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | No | No | Refinance | No | 36,000,000 | 0 | 0 | 0 | 36,000,000 | 23,050,592 |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | No | No | Recapitalization | | 34,000,000 | 0 | 0 | 0 | 34,000,000 | 0 |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | No | | | | | | |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | No | | | | | | |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | No | No | Refinance | No | 33,000,000 | 0 | 0 | 0 | 33,000,000 | 18,652,772 |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | No | No | Refinance | | 33,000,000 | 1,381,771 | 0 | 0 | 34,381,771 | 28,338,908 |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | No | | | | | | |
8.02 | Property | | 1 | Magnolia Manor | | | | No | | | | | | |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | No | | | | | | |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | No | No | Recapitalization | | 31,350,000 | 0 | 0 | 0 | 31,350,000 | 0 |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | No | | | | | | |
9.02 | Property | | 1 | 221 Law Street | | | | No | | | | | | |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | No | | | | | | |
9.04 | Property | | 1 | 351 21st Street | | | | No | | | | | | |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | No | | | | | | |
9.06 | Property | | 1 | 18300 Market Street | | | | No | | | | | | |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | No | | | | | | |
10 | Loan | 6, 16 | 2 | Metra Portfolio | No | No | Acquisition | | 27,216,296 | 16,805,252 | 0 | 0 | 44,021,548 | 0 |
10.01 | Property | | 1 | Belding | | | | No | | | | | | |
10.02 | Property | | 1 | Grand Rapids | | | | No | | | | | | |
11 | Loan | 20 | 1 | Utica Park Place | No | No | Refinance | No | 27,000,000 | 188,654 | 0 | 0 | 27,188,654 | 26,062,741 |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | No | No | Refinance | No | 274,000,000 | 13,988,916 | 56,000,000 | 0 | 343,988,916 | 301,013,950 |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | No | No | Recapitalization | | 54,300,000 | 0 | 0 | 0 | 54,300,000 | 0 |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | No | | | | | | |
13.02 | Property | | 1 | 701 Clay Avenue | | | | No | | | | | | |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | No | No | Acquisition | No | 71,525,000 | 58,342,802 | 0 | 0 | 129,867,802 | 0 |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | No | Yes | Acquisition | No | 24,000,000 | 19,381,117 | 0 | 0 | 43,381,117 | 0 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | No | No | Acquisition | No | | | | | | |
17 | Loan | | 1 | Magnolia Cove Apartments | No | No | Refinance | No | | | | | | |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | No | No | Refinance | No | | | | | | |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | No | No | Refinance | | | | | | | |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | No | | | | | | |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | No | | | | | | |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | No | | | | | | |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | No | Yes | Refinance | No | | | | | | |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | No | No | Refinance | No | | | | | | |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | No | Yes | Acquisition | No | | | | | | |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) |
| | | | | | | | | | | | | | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 0 | 1,963,843 | 7,299,496 | 0 | 0 | 382,955,402 | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | 0 | 2,981,210 | 4,384,369 | 0 | 0 | 392,236,503 | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | 185,000,000 | 6,986,046 | 9,112,235 | 0 | 0 | 201,098,281 | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | | 1 | Three Bala Plaza | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | One Bala Plaza | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Two Bala Plaza | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | 0 | 5,051,814 | 16,315,372 | 238,632,813 | 0 | 260,000,000 | NAP | NAP | NAP | NAP | NAP | NAP |
4.01 | Property | | 1 | Northwoods Marketplace | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.02 | Property | | 1 | The Centrum | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.03 | Property | | 1 | Lawton Marketplace | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.04 | Property | | 1 | Carlisle Crossing | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.05 | Property | | 1 | Southway Shopping Center | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.06 | Property | | 1 | Parkway Centre South | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.07 | Property | | 1 | Houma Crossing | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.08 | Property | | 1 | North Lake Square | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.09 | Property | | 1 | Liberty Crossing | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.10 | Property | | 1 | Owensboro Town Center | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.11 | Property | | 1 | Harbor Town Center | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.12 | Property | | 1 | Lord Salisbury Center | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.13 | Property | | 1 | Terrell Mill Village | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.14 | Property | | 1 | The Ridge at Turtle Creek | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.15 | Property | | 1 | Nordstrom Rack | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.16 | Property | | 1 | Ventura Place | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.17 | Property | | 1 | Quail Springs | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.18 | Property | | 1 | Wallace Commons | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.19 | Property | | 1 | Waterford Park South | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.20 | Property | | 1 | Evergreen Marketplace | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.21 | Property | | 1 | Derby Marketplace | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.22 | Property | | 1 | Stoneridge Village | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.23 | Property | | 1 | FreshThyme & DSW | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.24 | Property | | 1 | Crossroads Annex | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.25 | Property | | 1 | Tellico Village | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.26 | Property | | 1 | Walmart Neighborhood Market | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.27 | Property | | 1 | PetSmart & Old Navy | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.28 | Property | | 1 | Sutters Creek | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | 0 | 1,071,003 | 9,460,277 | 2,418,127 | 0 | 36,000,000 | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | 0 | 4,983,939 | 0 | 29,016,061 | 0 | 34,000,000 | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | 0 | 800,483 | 5,141,962 | 8,404,784 | 0 | 33,000,000 | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | 0 | 4,100,956 | 1,941,908 | 0 | 0 | 34,381,771 | NAP | NAP | NAP | NAP | NAP | NAP |
8.01 | Property | | 1 | The Residence at Patriot Place | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
8.02 | Property | | 1 | Magnolia Manor | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
8.03 | Property | | 1 | The Retreat at Ragan Park | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | 0 | 2,035,024 | 0 | 29,314,976 | 0 | 31,350,000 | NAP | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | | 1 | 6940 Cornhusker Highway | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9.02 | Property | | 1 | 221 Law Street | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9.03 | Property | | 1 | 1956 Singleton Boulevard | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9.04 | Property | | 1 | 351 21st Street | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9.05 | Property | | 1 | 161 Lorne Avenue West | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9.06 | Property | | 1 | 18300 Market Street | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 6, 16 | 2 | Metra Portfolio | 41,871,225 | 2,087,823 | 62,500 | 0 | 0 | 44,021,548 | NAP | NAP | NAP | NAP | NAP | NAP |
10.01 | Property | | 1 | Belding | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Grand Rapids | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 20 | 1 | Utica Park Place | 0 | 1,125,913 | 0 | 0 | 0 | 27,188,654 | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | 0 | 13,809,715 | 29,165,251 | 0 | 0 | 343,988,916 | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 0 | 2,287,633 | 11,686,597 | 40,325,770 | 0 | 54,300,000 | NAP | NAP | NAP | NAP | NAP | NAP |
13.01 | Property | | 1 | 1 Primerica Parkway | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
13.02 | Property | | 1 | 701 Clay Avenue | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | 125,500,000 | 1,557,364 | 2,810,438 | 0 | 0 | 129,867,802 | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 40,000,000 | 827,747 | 2,553,370 | 0 | 0 | 43,381,117 | 12/31/2037 | 103.89 | 72.72 | 70.0% | 103.89 | 72.72 |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | | 1 | Magnolia Cove Apartments | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | | 1 | Knoll Ridge Apartments I | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
19.02 | Property | | 1 | Knoll Ridge Apartments II | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
19.03 | Property | | 1 | Knoll Ridge Apartments III | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | | | | | | | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | | | | | | | NAP | 101.95 | 95.62 | 93.8% | 101.23 | 94.65 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
| | | | | | | | | | | |
1 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 23, 24, 31 | 1 | Arundel Mills and Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 2, 6, 7, 12, 13, 20, 23, 33 | 3 | Bala Plaza Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | | 1 | Three Bala Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | One Bala Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Two Bala Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 1, 4, 5, 6, 7, 12, 16, 18, 19, 23, 27, 30 | 29 | RTL Retail Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.01 | Property | | 1 | Northwoods Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.02 | Property | | 1 | The Centrum | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.03 | Property | | 1 | Lawton Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.04 | Property | | 1 | Carlisle Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.05 | Property | | 1 | Southway Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.06 | Property | | 1 | Parkway Centre South | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.07 | Property | | 1 | Houma Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.08 | Property | | 1 | North Lake Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.09 | Property | | 1 | Liberty Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.10 | Property | | 1 | Owensboro Town Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.11 | Property | | 1 | Harbor Town Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.12 | Property | | 1 | Lord Salisbury Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.13 | Property | | 1 | Terrell Mill Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.14 | Property | | 1 | The Ridge at Turtle Creek | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.15 | Property | | 1 | Nordstrom Rack | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.16 | Property | | 1 | Ventura Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.17 | Property | | 1 | Quail Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.18 | Property | | 1 | Wallace Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.19 | Property | | 1 | Waterford Park South | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.20 | Property | | 1 | Evergreen Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.21 | Property | | 1 | Derby Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.22 | Property | | 1 | Stoneridge Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.23 | Property | | 1 | FreshThyme & DSW | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.24 | Property | | 1 | Crossroads Annex | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.25 | Property | | 1 | Tellico Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.26 | Property | | 1 | Walmart Neighborhood Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.27 | Property | | 1 | PetSmart & Old Navy | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.28 | Property | | 1 | Sutters Creek | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.29 | Property | | 1 | Mattress Firm & Panera Bread | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 4, 14, 16, 18, 27, 28 | 1 | 2136 Honeywell Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 12, 13, 16 | 2 | MRP Solutions Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | | 1 | 1-4 Plant Street & 41 Wall Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.02 | Property | | 1 | 2222 & 2300 Highland Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 12, 16, 27 | 1 | The Park at Trowbridge | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 6, 13, 16, 28 | 3 | Tusk Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.01 | Property | | 1 | The Residence at Patriot Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.02 | Property | | 1 | Magnolia Manor | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.03 | Property | | 1 | The Retreat at Ragan Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 6, 16, 19, 24 | 7 | New Mountain - Cleaver Brooks | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | | 1 | 6940 Cornhusker Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.02 | Property | | 1 | 221 Law Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.03 | Property | | 1 | 1956 Singleton Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.04 | Property | | 1 | 351 21st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.05 | Property | | 1 | 161 Lorne Avenue West | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.06 | Property | | 1 | 18300 Market Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.07 | Property | | 1 | 3232 West Lancaster Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 6, 16 | 2 | Metra Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.01 | Property | | 1 | Belding | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Grand Rapids | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 20 | 1 | Utica Park Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 1, 4, 7, 12, 13, 19, 21, 23, 24 | 1 | 11 West 42nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13.01 | Property | | 1 | 1 Primerica Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13.02 | Property | | 1 | 701 Clay Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 7, 12, 26 | 1 | Creekside Town Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 5, 19, 33 | 1 | Hyatt Regency Schaumburg | 70.0% | 95.79 | 67.13 | 70.1% | 80.89 | 44.79 | 55.4% |
16 | Loan | 12, 19, 20, 23 | 1 | Maple Hill Pavilion | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | | 1 | Magnolia Cove Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 6, 7, 16, 19 | 3 | Knoll Ridge Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | | 1 | Knoll Ridge Apartments I | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.02 | Property | | 1 | Knoll Ridge Apartments II | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.03 | Property | | 1 | Knoll Ridge Apartments III | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 7, 12, 19, 21, 33 | 1 | 645 North Michigan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 19, 20 | 1 | Chesterfield Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 19, 33 | 1 | 3 Palms Resort | 93.5% | 99.31 | 89.66 | 90.3% | 80.63 | 72.25 | 89.6% |
Footnotes to Annex A |
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(1) | “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “GCMC” denotes Greystone Commercial Mortgage Capital LLC as Mortgage Loan Seller and “Regions” denotes RRECM Capital II, LLC (formerly known as Sabal Capital II, LLC) as Mortgage Loan Seller.
With respect to Loan No. 1, Woodfield Mall, the mortgage loan is part of a Whole Loan that was co-originated by BMO, Barclays Capital Real Estate Inc. and Bank of America, N.A. The portion of the Woodfield Mall Mortgage Loan evidenced by promissory note A-2-1 was originated by Barclays Capital Real Estate Inc. and subsequently acquired by BMO.
With respect to Loan No. 2, Arundel Mills and Marketplace, the mortgage loan is part of a whole loan that was co-originated by Wells Fargo Bank, National Association, Societe Generale Financial Corporation, DBR Investments Co. Limited and CREFI.
With respect to Loan No. 4, RTL Retail Portfolio, the mortgage loan is part of a whole loan that was co-originated by KeyBank National Association, Barclays, Societe Generale Financial Corporation and BMO.
With respect to Loan No. 9, New Mountain – Cleaver Brooks, the mortgage loan was originated by Goldman Sachs Bank USA, which transferred the mortgage loan to GS Commercial Real Estate LLC. Such mortgage loan was subsequently acquired by BMO.
With respect to Loan No. 12, 11 West 42nd Street, the mortgage loan is part of a whole loan that was co-originated by Bank of America, N.A., LMF Commercial, LLC and UBS AG.
With respect to Loan No. 14, Creekside Town Center, the mortgage loan is part of a whole loan that was originated by 3650 Real Estate Investment Trust 2 LLC. Such mortgage loan was subsequently acquired by BMO.
With respect to Loan No. 18, 60 Hudson, the mortgage loan is part of a whole loan that was originated by Morgan Stanley Bank, N.A. Such mortgage loan was subsequently acquired by BMO. |
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(2) | With respect to Loan No. 3, Bala Plaza Portfolio, the Two Bala Plaza mortgaged property consists of a 10-story office building and a three-story 100,500 square foot retail building fully occupied by Saks Fifth Avenue LLC.
With respect to Loan No. 20, 645 North Michigan Avenue, the mortgaged property is comprised of 164,650 square feet of office space primarily utilized by medical tenants making up 48.8% of underwritten base rent and 28,381 square feet of retail space making up 51.2% of underwritten base rent.
With respect to Loan No. 32, 11 West Prospect Avenue, the mortgaged property is comprised of an office component comprising 13,600 square feet and a retail component comprising 3,250 square feet. |
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(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property.
With respect to Loan No. 2, Arundel Mills and Marketplace, the mortgaged property includes a larger mall and lifestyle center which consists of 1,391,652 square feet of owned improvements and 547,331 square feet of leased fee improvements. Occupancy at the mortgaged property represents the occupancy excluding square footage from the leased fee tenant, Live Casino Hotel Maryland, and is based on the Owned SF totaling 1,391,652. Occupancy including Live Casino Hotel Maryland is 98.8%. |
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(4) | In certain cases, the 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— Rights to Sublease” and “--Tenants Not Yet in Occupancy or in a Free Rent Period, Leases Under Negotiation and LOIs” in the prospectus.
With respect to Loan No. 4, RTL Retail Portfolio, (i) the Largest Tenant at the Ventura Place mortgaged property, VCA Animal Hospitals, Inc., is currently building out its space and is expected to take occupancy in December 2023; however, the tenant is paying rent.
With respect to Loan No. 5, 2136 Honeywell Avenue, the mortgaged property was 93.1% leased as of November 14, 2023. Martin Joseph and Hershy Silberstein entered into a master lease for the seven vacant units which would equate to 100.0% occupancy at the mortgaged property after giving effect to such master lease.
With respect to Loan No. 12, 11 West 42nd Street, the Third Largest Tenant, New York University, is owed approximately $1.65 million in outstanding borrower obligations related to leasing expenses and two months of free rent totaling approximately $1,125,423 ($557,140 in December 2023 and $568,283 in December 2024). All outstanding borrower obligations and free rent was reserved at origination.
With respect to Loan No. 25, Regency Retail Portfolio, the Third Largest Tenant at the College Square Plaza mortgaged property, Dollar Tree, was not yet in occupancy of its relocation space as of the origination of the mortgage loan. A total of $3,413.32 in gap rent was reserved for such tenant at mortgage loan origination. |
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(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.
With respect to Loan No. 4, RTL Retail Portfolio, the Cut-off Date LTV Ratio (%) and LTV Ratio at Ma-turity / ARD (%) were calculated using the “As Portfolio” appraised value.
With respect to Loan No. 15, Hyatt Regency Schaumburg, the Appraised Value of $45,100,000 represents the prospective market value upon completion based on the assumptions that the improvements for the PIP Reserve are fully completed. Based on the "as-is" market value of $40,200,000, the Cut-off Date LTV and Maturity Date LTV / ARD (%) are 59.7%.
With respect to Loan No. 25, Regency Retail Portfolio, the appraised value of $79,100,000 is the “as-portfolio” value, which reflects a 1.2% premium attributed to the value of the related mortgaged properties as a whole, and such appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 67.0% and 67.0%, respectively. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the sum of the “as-is” individual appraised values of the mortgaged properties of $78,125,000 are 67.8% and 67.8%, respectively. |
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(8) | The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan. |
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(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
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(10) | Intentionally blank |
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(11) | Intentionally blank |
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(12) | The “L” component of the prepayment provision represents lockout payments.
The “D” 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 prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the prospectus.
With respect to Loan No. 1, Woodfield Mall, defeasance of the Woodfield Mall Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Woodfield Mall Whole Loan to be securitized and (b) June 1, 2027. The assumed defeasance lockout period of 24 payments is based on the closing date of the BMO 2023-C7 transaction in December 2023. The actual defeasance lockout period may be longer. If any pari passu note has not been securitized for two years by June 1, 2027, the borrowers may prepay any note that has not been securitized for two years upon payment of a prepayment fee equal to the greater of (i) 1% of the prepaid amount or (ii) yield maintenance basis in conjunction with defeasance of any securitized pari passu note.
With respect to Loan No. 2, Arundel Mills and Marketplace, defeasance of the Arundel Mills and Marketplace whole loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Arundel Mills and Marketplace whole loan to be securitized and (b) December 1, 2026. The as-sumed prepayment lockout period of 25 payments is based on the closing date of the BMO 2023-C7 transaction in December 2023. The actual lockout period may be longer. If any pari passu note has not been securitized for two years by December 1, 2026, the borrowers may prepay any note that has not been securitized for two years in an amount equal to the greater of (i) 1% of prepaid amount or (ii) yield maintenance basis.
With respect to Loan No. 2, Arundel Mills and Marketplace, provided that no event of default exists and a control event has not occurred, (I) with respect to a partial prepayment, at any time prior to the date that is two years after the closing date of the securitization that includes the last note to be securitized (the “REMIC Prohibition Period”), and (II) with respect to a partial defeasance, at any time after the earlier to occur of (a) December 1, 2026, and (b) the expiration of the REMIC Prohibition Period, the Arundel Mills and Marketplace Whole Loan documents permit the release of Arundel Marketplace, which has an allocated loan amount of $11,000,000, upon defeasance or prepayment (together with, if prior to the open period, payment of a prepayment fee equal to the greater of 1.00% of the amount prepaid and a yield maintenance premium), as applicable, of 100% of such allocated loan amount of $11,000,000, provided the following conditions, among others, are satisfied: (i) (a) lender’s determination that the post-release debt yield for the remaining mortgaged property is equal to or greater than the pre-release debt yield for the mortgaged property, or (b) borrowers’ partial defeasance or partial prepayment of the Arundel Mills |
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| Portfolio Properties immediately prior to the date of notice of the partial release or the consummation of the partial release, as applicable.
Provided that no trigger period is continuing under the related Bala Plaza Portfolio whole loan docu-ments, at any time prior to the maturity date, except during the period commencing (a) sixty days prior to an anticipated securitization of the Bala Plaza Portfolio whole loan and ending (b) sixty days after the Bala Plaza Portfolio whole loan has been sold to such securitization, the borrowers may obtain the re-lease of one or more parcels of land within the boundary of the Bala Plaza Portfolio Properties that (x) does not include any portion of any of the portions of the Bala Plaza Portfolio Properties indicated in the diagrams attached as Schedule V to the Bala Plaza Portfolio whole loan agreement, (y) is separately subdivided, and (z) complies with the requirements of the development agreement encumbering the Bala Plaza Portfolio Properties, provided that, among other conditions: (i) the borrowers have delivered a REMIC opinion, and (ii) any conditions to such partial release under the Bala Plaza Portfolio Mezzanine Loan documents have been satisfied, or the Bala Plaza Portfolio Mezzanine Loan has been fully repaid.
With respect to Loan No. 4, RTL Retail Portfolio, the lockout period will be at least 12 months beginning with and including the first payment date on October 6, 2023. Defeasance of the RTL Retail Portfolio Whole Loan in full is permitted at any time after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) August 30, 2026. In addition, voluntary prepayment of the RTL Retail Portfolio Whole Loan in full, but not in part, is permitted after September 6, 2024, and, if such prepayment is made prior to the open prepayment date on March 6, 2033, with the payment of a yield maintenance premium. The assumed defeasance lockout period of 27 payments is based on the expected BMO 2023-C7 securitization closing date in December 2023. The actual defeasance lockout period may be longer. At any time after September 6, 2024, the borrower may also obtain a release of one or more properties upon satisfaction of the conditions set forth in the loan agreement. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus.
With respect to Loan No. 6, MRP Solutions Portfolio, solely in connection with the occurrence of certain casualty or condemnation events resulting in a termination of the lease with the sole tenant (or a major replacement tenant) at the Mortgaged Property, the borrower may obtain the release of the applicable MRP Solutions Portfolio Mortgaged Properties upon the satisfaction of the following conditions, among others: (a) no event of default; (b) the borrower either prepays the MRP Solutions Portfolio Mortgage Loan or, after the expiration of the lockout period, partially defeases the MRP Solutions Portfolio Mortgage Loan, in each case in an amount equal to the 110% of the allocated loan amount attributable to the applicable individual MRP Solutions Portfolio Mortgaged Property to be released; (c) following such partial release event, the borrower continues to be a single purpose entity; (d) after giving effect to such partial release event, the DSCR for the remaining MRP Solutions Portfolio Mortgaged Property is not less than the greater of (i) 1.78x or (ii) the DSCR of the MRP Solutions Portfolio Mortgaged Properties immediately prior to such partial release event; (e) after giving effect to such partial release event, the loan-to-value ratio for the remaining MRP Solutions Portfolio Mortgaged Property does not exceed the lesser of: (i) 59% or (ii) the loan-to-value ratio of the MRP Solutions Portfolio Mortgaged Property immediately prior to such partial release event; and (f) after giving effect to such partial release event, the debt yield for the remaining MRP Solutions Portfolio Mortgaged Property is no less than the greater of: (i) 11% or (ii) the debt yield immediately prior to such partial release event.
With respect to Loan No. 7, The Park at Trowbridge, on or prior to November 6, 2025, provided that no event of default then exists, upon the written request of the borrower, the lender will calculate the mini-mum amount (the “Earn-Out Release Amount”) that, following such release, would result in both (i) an Earn-Out Debt Yield as of the end of the prior month equal to or greater than 11.0% and (ii) an Earn-Out Loan-to-Value Ratio equal to or less than 52.5%. In the event that the Earn-Out Release Amount is equal to or greater than the lesser of (i) $1,500,000 and (ii) the remaining funds in the earn-out reserve account, the lender will disburse to the borrower the applicable Earn-Out Release Amount. After No-vember 6, 2025, the lender may either (i) apply earn-out reserve funds to partially prepay The Park at Trowbridge Mortgage Loan which prepayment would not be considered an event of default (and the bor-rower must pay (A) if the earn-out reserve funds are applied to partially prepay The Park at |
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| With respect to Loan No. 20, 645 North Michigan Avenue, the lockout period will be at least 24 payment dates beginning with and including the first payment date on January 6, 2024. Defeasance of the 645 North Michigan whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) November 7, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last promissory note representing a portion of the 645 North Michigan Avenue loan to be securitized. The assumed lockout period of 24 payments is based on the expected BMO 2023-C7 securitization closing date in December 2023. The actual lockout period may be longer.
With respect to Loan No. 23, Coleman Marketplace, the borrower is permitted to obtain the release of a specified portion of the mortgaged property (the “Release Parcel”) in connection with a sale of the Release Parcel without payment of a release price under the conditions specified in the mortgage loan documents. |
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(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—Existing Mezzanine Debt,” “—Preferred Equity and Preferred Return Arrangements” and “Certain Legal Aspects of the Mortgage Loans” in the prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future.
With respect to Loan No. 1, Woodfield Mall, the Woodfield Mall Property also secures the Woodfield Mall Trust Subordinate Companion Loan, which has an aggregate Cut-off Date principal balance of $30,000,000. The Woodfield Mall Trust Subordinate Companion Loan accrues interest at 10.01625% per annum. The Woodfield Mall Senior Loan is senior in right of payment to the Woodfield Mall Trust Subordinate Companion Loan. The Woodfield Mall Trust Subordinate Companion Loan will be contributed to the BMO 2023-C7 securitization trust, but will not be included in the mortgage pool. Payments allocated to the Woodfield Mall Trust Subordinate Companion Loan will be paid only to the holders of the Woodfield Mall loan-specific certificates as described in “Description of the Mortgage Pool—The Whole Loans—The Woodfield Mall Pari Passu AB Whole Loan” in the Preliminary Prospectus.
With respect to Loan No. 1, Woodfield Mall, the related mortgage loan documents permit the borrower to enter into a property-assessed clean energy loan for an amount not to exceed $5,000,000, subject to the lender’s approval and delivery of a rating agency confirmation. Additionally, the related mortgage loan documents permit upper-tier equity pledges provided that, among other conditions, (i) such debt is secured by a pledge of a substantial portion of the assets wholly owned by the pledgor, and any foreclosure of such pledge must be to a bank or similar financial institution that has (a) total assets in excess of $650,000,000 and (b) (except with respect to a pension advisory firm or similar fiduciary) either a net worth or combined capital and statutory surplus or shareholder’s equity in excess of $250,000,000 (which may include a bank or financial institution acting as agent for a group of lenders provided that 51% of such debt is held by a bank or similar financial institution meeting such requirements).
With respect to Loan No. 2, Arundel Mills and Marketplace, the mortgaged property is subject to an existing property assessed clean energy loan in an original principal amount of $2,037,877.38 from Petros PACE Finance, LLC, a Texas limited liability company, to the borrower. The PACE loan has an approximately 17-year term with final payment occurring in November 2035. The annual debt service is $195,956.85 and the remaining balance, including all interest and administrative expenses, as of October 2023 was $1,633,579.73. Payments and any accrued interest are collected on the tax bill for the Arundel Mills and Marketplace Property and constitute a first lien on the Arundel Mills and Marketplace Property that has a priority over any mortgage loan. In addition, the Arundel Mills and Marketplace Whole Loan documents permits the borrowers to enter into an additional PACE loan for an amount not to exceed $5,000,000.
With respect to Loan No. 3, Bala Plaza Portfolio, concurrently with the origination of the Bala Plaza Portfolio whole loan, Bala Plaza, Inc. originated a mezzanine loan (the “Bala Plaza Portfolio Mezzanine Loan”) in the amount of $30,000,000 to be secured by the mezzanine borrowers’ interests in the borrowers. The Bala Plaza Portfolio Mezzanine Loan accrues interest at a rate of 5.0000% per annum to be paid as part of each monthly debt service payment amount. The Bala Plaza Portfolio Mezzanine Loan has a final maturity date of November 6, 2028. An intercreditor agreement between the lender under the Bala Plaza Portfolio whole loan and the lender under the |
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| With respect to Loan No. 12, 11 West 42nd Street, the borrower is permitted to enter into a “Property-Assessed Clean Energy loan” or any similar indebtedness (a “PACE Loan”) for an amount not to exceed $10,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, which PACE Loan is (i) incurred for improvements to the mortgaged property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the mortgaged property. The lien resulting from any unpaid and delinquent PACE Loan payments would have property tax lien status. |
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(14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the origination date during the term of the mortgage loan.
With respect to Loan No. 5, 2136 Honeywell Avenue, the UW NCF DSCR of 1.20x is based on 30-year amortization, assumes a stabilized underwritten vacancy of 3% and gives credit to rent payments due under the seven unleased units that are currently subject to a master lease. Without giving credit to the master lease, the UW NCF DSCR would be 1.16x. |
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(15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing.
With respect to Loan No. 32, 11 West Prospect Avenue, a $5,000 credit to tenant improvements and leasing commissions has been underwritten, reflecting 1/10th of the TI/LC deposit at origination. |
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(16) | 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. 4, RTL Retail Portfolio, certain historical information prior to 2022 is limited to the information relating to the five properties acquired by the borrower sponsor in 2017 (the Liberty Crossing, Southway Shopping Center, Northwoods Marketplace, The Centrum, and Quail Springs mortgaged properties). The other 24 mortgaged properties were acquired by the borrower sponsor between February 2022 and April 2022, and accordingly, historical information for such 24 properties only includes information following the related acquisition date of the properties.
With respect to Loan No. 5, 2136 Honeywell Avenue, historical financial information is not available due to the recent development of the mortgaged property.
With respect to Loan No. 6, MRP Solutions Portfolio, historical cash flows were not provided as the borrower acquired the MRP Solutions Portfolio Properties in a sale-leaseback transaction in June 2022.
With respect to Loan No. 7, The Park at Trowbridge, historical occupancy is not available as The Park at Trowbridge Property was acquired by the borrower in April 2021, and the borrower immediately began an extensive renovation and rebranding of The Park at Trowbridge Property. The assisted living regulations on The Park at Trowbridge Property were removed in December 2021 and the renovations were completed in September 2023.
With respect to Loan No. 8, Tusk Multifamily Portfolio, historical financial information prior to 2022 is not available because the borrower sponsors acquired the mortgaged properties in 2020 and 2021, respectively.
With respect to Loan No. 9, New Mountain – Cleaver Brooks, historical financial information is not available because the Mortgaged Property was acquired by the borrower in July 2023 in a sale-leaseback transaction.
With respect to Loan No. 10, Metra Portfolio, historical financials are unavailable as the borrower spon-sor acquired the Metra Portfolio Properties in a sale-leaseback transaction.
With respect to Loan No. 19, Knoll Ridge Apartments, historical financials prior to 2021 are not available as the portfolio of mortgaged properties was acquired in 2021. |
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| With respect to Loan No. 23, Coleman Marketplace, historical financials prior to 2021 are not available as the mortgaged property was acquired in 2022.
With respect to Loan No. 28, Empire Burbank, historical financials are not available as the mortgaged property was acquired in 2022.
With respect to Loan No. 30, Babcock & Wilcox – Chanute, the mortgaged property was historically owner occupied; therefore, there is no operating history. |
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(17) | With respect to Loan No. 31, Southside Plaza Shopping Center, the mortgaged property is subject to a ten-year tax abatement pursuant to a ground lease with The City of Lee’s Summit, Missouri (the “City”), as ground lessor, and the borrower, as ground lessee, that commenced on July 1, 2022. Under the ground lease, the borrower will pay, as rent, an annual PILOT of $0 during the first four years of the abatement, and the following amounts per year (due on December 31st) during the remaining six-year period (which amounts were calculated based on being equal to 50% of the amount of real property taxes which would have otherwise been due with respect to the Mortgaged Property if the property was not owned by the City): 2026 – $74,534; 2027 – $74,534; 2028 – $76,770; 2029 – $76,770; 2030 – $79,073; and 2031 – $79,073. In addition to the leasehold mortgage in favor of the lender, the mortgaged property is secured by a fee mortgage granted by the City. Taxes were underwritten at $105,654, which is the amount currently collected in real estate tax reimbursements from the tenants at the Southside Plaza Shopping Center mortgaged property. |
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(18) | 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. 4, RTL Retail Portfolio, at loan origination, the borrower deposited $977,500 to cover the cost of further testing to determine if certain vapor intrusion conditions exist and to mitigate any such intrusion.
With respect to Loan No. 5, 2136 Honeywell Avenue, at origination, the borrower deposited into escrow $8,000,000 in connection with the leasing of the seven unleased units at the 2136 Honeywell Avenue Property. Such funds may be released to the borrower, no earlier than two months after the origination date of the mortgage loan, upon the satisfaction of certain conditions, including, but not limited to, (i) the borrower providing evidence that the mortgaged property is 100% occupied, (ii) the lender receiving approval documentation from the New York City Family Homelessness and Eviction Prevention Supplement program for all 101 units at the mortgaged property and (iii) the debt service coverage ratio (as calculated by the lender utilizing trailing one-month income annualized and underwritten expenses equal to $533,271) being equal to or greater than 1.20x. |
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(19) | 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 other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents.
With respect to Loan No. 1, Woodfield Mall, the borrower may provide a reserve guaranty or letter of credit in lieu of deposits of amounts due for the outstanding TI/LC reserve and/or gap rent reserve. No reserve guaranty was provided at origination.
With respect to Loan No. 4, RTL Retail Portfolio, on each monthly payment date during a cash sweep period, the borrowers are required to deposit (i) into the replacement reserve an amount equal to $0.25 multiplied by the total number of rentable square feet of the RTL Retail Portfolio mortgaged properties divided by 12 and (ii) into the rollover reserve an amount equal to $1.50 multiplied by the total number of rentable square feet of the RTL Retail Portfolio mortgaged properties divided by 12. In the event of a partial release, each such amount (described in clause (i) and (ii) above), will be reduced by an amount equal to $0.25 (with respect to clause (i)) and $1.50 (with respect to clause (ii)) multiplied by the total number of rentable square feet of the released property divided by 12.
With respect to Loan No. 9, New Mountain – Cleaver Brooks, monthly escrows for property taxes, in-surance, capital expenditure, and TI/LCs are waived so long as a trigger period is not in effect. |
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| With respect to Loan No. 12, 11 West 42nd Street, the borrower is not required to make monthly tax deposits as long as (i) no cash sweep period exists and (ii) the borrower provides the lenders with paid receipts or other evidence reasonably satisfactory that all taxes have been and continue to be fully and timely paid.
With respect to Loan No. 12, 11 West 42nd Street, the borrower is not required to make monthly insurance deposits as long as (i) no cash sweep period exists and (ii) the insurance is maintained pursuant to one or more blanket policies, and the borrower timely provides the lender with evidence of the renewal of such policies.
With respect to Loan No. 12, 11 West 42nd Street, during a cash sweep period, the borrower is required to deposit monthly amounts of approximately $16,009 into a reserve for replacements for the mortgaged property, subject to a cap of approximately $288,170.
With respect to Loan No. 13, OPI Portfolio, on each monthly payment date during a cash management trigger event period, the borrowers are required to deposit an amount sufficient to pay all taxes at least 30 days prior to their respective due dates. The borrowers’ obligation to make monthly tax deposits with respect to the mortgaged properties is waived for so long as, and to the extent that, (i) no event of default under the mortgage loan has occurred and is continuing, (ii) each mortgaged property is subject to a lease covering the entirety of such mortgaged property that requires the sole tenant thereunder to pay all taxes applicable to such mortgaged property directly to the applicable governmental authorities, (iii) the lease for such mortgaged property is in full force and effect and has not expired or terminated, (iv) no default under the lease for such mortgaged property has occurred and is continuing beyond applicable notice and cure periods, (v) the tenant under the lease for such mortgaged property is timely paying all taxes directly to the appropriate governmental authority in accordance with the terms of such lease and (vi) the borrowers deliver evidence reasonably satisfactory to the lender of such timely payment of all of the taxes for such mortgaged property.
With respect to Loan No. 13, OPI Portfolio, the borrowers are required to deposit (i) approximately $220 on each monthly payment date to maintain required flood insurance and (ii) on each monthly payment date during a cash management trigger event period, an amount sufficient to pay all insurance premiums for the purchase and/or renewal of insurance policies covering the mortgaged properties at least 30 days prior to the expiration of such policies. If all of the required insurance coverages for any OPI Portfolio mortgaged property is provided through an approved blanket policy, the borrowers are not required to make deposits on account of insurance premiums for such mortgaged property; provided that (i) such blanket policy is maintained in full force and effect, (ii) the insurance premiums for such blanket policy are not paid in installments or financed and (iii) not less than 15 days prior to the expiration date of such blanket policy, the borrowers provide the lender with (a) a certificate of insurance evidencing (1) the renewal of such blanket policy or (2) a new blanket policy approved by the lender and (b) evidence reasonably satisfactory of the payment in full of the insurance premiums then due thereunder.
With respect to Loan No. 13, OPI Portfolio, on each monthly payment date during a cash management trigger event period, the borrowers are required to deposit approximately $10,064 for capital expenditures.
With respect to Loan No. 13, OPI Portfolio, on each monthly payment date commencing after the lease with either (i) Primerica Life Insurance Company at the 1 Primerica Parkway mortgaged property or (ii) GSA - Veterans Benefits Administration at the 701 Clay Road mortgaged property, respectively, has been terminated or is no longer in full force and effect, the borrowers are required to deposit $90,578 to pay for tenant allowances, tenant improvements and leasing commissions, subject to a cap of $2,173,883 if no cash management trigger period is continuing. If a cash management trigger period is not in effect, the borrowers may (x) deposit $2,173,883 to suspend the monthly rollover deposit obligation or (y) in lieu of a cash deposit, deliver a letter of credit with the face amount equal to $2,173,883.
With respect to Loan No. 13, OPI Portfolio, on each monthly payment date following a material tenant trigger event period, the borrowers are required to deposit the monthly material tenant deposit for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrowers in connection with leasing material tenant space pursuant to qualified leases. If no other cash management trigger event or cash sweep trigger event has occurred and is continuing, the borrowers are permitted to suspend a material tenant trigger event by either (x) depositing cash in an amount equal to 12 months of anticipated monthly |
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| With respect to Loan No. 23, Coleman Marketplace, the borrower is required to deposit on each monthly payment date occurring in the months of August 2025 through January 2026 (inclusive), an amount equal to $25,000.00 with respect to tenant Old Navy’s lease extension. In addition, a “Specified Tenant Trigger Event” will occur if a Specified Tenant (defined below): (a) files for bankruptcy, (b) provides no-tice of its intent to terminate its lease early or terminates its lease, (c) provides notice of its intent to go dark or actually goes dark, (d) defaults under the terms of its lease beyond applicable notice and cure periods, terminates or cancels its lease or gives notice of the same or (f) fails to renew its lease or pro-vide notice of its intent to renew its lease on or prior to the earlier of (i) six months prior to the expiration date of the then applicable term or (ii) the date that notice of renewal is required to be delivered pursuant to the applicable lease (any such event under this clause (f) being a “Coleman Marketplace Tenant Renewal Failure Event”). In the event of a Specified Tenant Trigger Event, excess funds will be deposited into a lender-controlled reserve account for tenant improvement and leasing commission costs to be used exclusively for the re-tenanting of the space occupied by the applicable Specified Tenant. If the Specified Tenant Trigger Event is the result of a Tenant Renewal Failure Event, instead of excess funds being deposited into a reserve account, the borrower is required to make a monthly deposit of $52,525.00 with respect to each Specified Tenant for which such Tenant Renewal Failure exists subject to an individual cap (after giving effect to the monthly deposit) of $315,150.00 with respect to each of Ross Dress for Less and Marshals of MA, Inc., provided that funds in the account must not exceed an aggregate cap of $500,000. “Specified Tenant” means Ross Dress for Less, Marshalls of MA, Inc. and any approved replacement tenant(s) with respect to the spaces occupied by the foregoing tenants.
With respect to Loan No. 25, Regency Retail Portfolio, if the balance in the TI/LC reserve account is less than $1,000,000, the borrower is required on a monthly basis to deposit approximately $58,147 into the TI/LC reserve account. Monthly deposits into the TI/LC reserve account will cease upon reaching a balance equal to an amount that does not exceed $2,000,000.
With respect to Loan No. 26, Holiday Inn Kansas City, the borrower is required to make monthly deposits into the FF&E reserve account in an amount equal to 1/12th of 4% of the annual gross revenues of the mortgaged property, initially $9,997.
With respect to Loan No. 28, Empire Burbank, a “Specified Tenant Trigger Event” will occur (i) Speci-fied Tenant (defined below) being in monetary default or material non-monetary default (subject to Lend-er's reasonable discretion as to whether a non-monetary default is material) under the applicable Speci-fied Tenant Lease beyond applicable notice and cure periods, (ii) Specified Tenant failing to be in actual, physical possession of its space (or applicable portion thereof), failing to continue business operations and/or “going dark” in its space (or applicable portion thereof), or giving notice of any of the same, (iii) Specified Tenant giving notice it is vacating all or any portion of its space or that it is terminating its Lease for all or any portion of its space (or applicable portion thereof), (iv) any termination or cancella-tion of any Specified Tenant lease (including, without limitation, rejection in any bankruptcy or similar insolvency proceeding) and/or any Specified Tenant lease failing to otherwise be in full force and effect or Specified Tenant or Borrower giving notice of the same, (v) any bankruptcy or similar insolvency of Specified Tenant and (vi) Specified Tenant failing to extend or renew the applicable Specified Tenant lease, or give notice of the same, on or prior to the earlier of either (i) the date occurring nine (9) months prior to the expiration of the then applicable term of the applicable Specified Tenant lease or (ii) the date that notice of renewal is required to be delivered to Borrower as set forth in the Specified Tenant lease (a “Specified Tenant Extension Deadline”), in accordance with the applicable terms and condi-tions thereof and the Loan Documents for a period of 5 years (unless the Specified Tenant has renewed or extended the Specified Tenant lease on terms and conditions acceptable to Lender in Lender’s sole and absolute discretion prior to the Specified Tenant Extension Deadline) (any such event under this clause (iv) being a “Empire Burbank Tenant Renewal Failure Event”). In the event of a Specified Tenant Trigger Event, excess funds will be deposited into a lender-controlled reserve account for tenant im-provement and leasing commission costs to be used exclusively for the re-tenanting of the space occu-pied by the Specified Tenant. If the Specified Tenant Trigger Event is the result of an Empire Burbank Tenant Renewal Failure Event, instead of excess funds being deposited into a reserve account, funds in an amount equal to $25,000 are required to be deposited monthly by the borrower into a lender-controlled reserve account for tenant improvement and leasing commission costs to be used exclusive-ly for the re-tenanting of the space occupied by |
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| the Specified Tenant, subject to an aggregate cap of $225,000. “Specified Tenant” means Thinkwell Group, and any approved replacement tenant(s) with re-spect to the spaces occupied by the foregoing tenant.
With respect to Loan No. 29, Best Western Plus Wichita West Airport, the borrower is required to make monthly deposits into the FF&E reserve account in an amount equal to 1/12th of 5% of the annual gross revenues of the mortgaged property, initially $8,673.
With respect to Loan No. 30, Babcock & Wilcox – Chanute, on each monthly payment date, the borrower is required to deposit into a tax reserve an amount equal to 1/12th of the taxes that the lender reasonably estimates will be payable during the next 12 months; however, as of the origination date such tax reserve has been conditionally waived so long as (i) no event of default has occurred and is continuing under the related mortgage loan documents, (ii) the mortgaged property is 100% leased to Optimus Industries LLC (“Optimus Industries”), (iii) the Optimus Industries lease is in full force and effect with no less than 12 months remaining in the lease term, (iv) no material tenant trigger event (other than a Babcock & Wilcox parent entity trigger event) has occurred and is continuing, (v) Optimus Industries is obligated pursuant to the terms and conditions of the Optimus Industries lease to pay all taxes directly to the applicable governmental authority in full in a timely manner and (vi) Optimus Industries performs its obligation under clause (v) in a timely manner and the borrower provides evidence, in form and substance reasonably satisfactory to the lender, of such performance by Optimus Industries in a timely manner.
With respect to Loan No. 30, Babcock & Wilcox – Chanute, on each monthly payment date, the borrower is required to deposit into an insurance reserve 1/12th of the amount that is estimated to be necessary for the renewal of insurance coverage afforded by such policies; however, as of the origination date such insurance reserve has been conditionally waived so long as (i) no event of default has occurred and is continuing under the related mortgage loan documents, (ii) the mortgaged property is 100% leased to Optimus Industries, (iii) the Optimus Industries lease is in full force and effect with no less than 12 months remaining in the lease term, (iv) no material tenant trigger event (other than a Babcock & Wilcox parent entity trigger event) has occurred and is continuing, (v) Optimus Industries is required pursuant to its lease to maintain insurance through policies issued by insurance companies that satisfy the requirements set forth in the related mortgage loan documents and (vi) Optimus Industries performs its obligation in a timely manner and the borrower provides evidence, in form and substance reasonably satisfactory to the lender, of such performance by Optimus Industries.
With respect to Loan No. 30, Babcock & Wilcox – Chanute, on each monthly payment date, the borrower is required to deposit approximately $4,680 for capital expenditures; however, as of the origination date such capital expenditures reserve has been conditionally waived so long as (i) no event of default has occurred and is continuing under the related mortgage loan documents, (ii) the mortgaged property is 100% leased to Optimus Industries, (iii) the Optimus Industries lease is in full force and effect with no less than 12 months remaining in the lease term, (iv) no material tenant trigger event (other than a Babcock & Wilcox parent entity trigger event) has occurred and is continuing and (v) Optimus Industries maintains the mortgaged property in a condition reasonably acceptable to the lender as required pursuant to the terms of its lease and the borrower provides evidence, in form and substance reasonably satisfactory to the lender, of such performance by Optimus Industries in a timely manner.
With respect to Loan No. 30, Babcock & Wilcox – Chanute, on each monthly payment date, the borrower is required to deposit approximately $2,700 for tenant allowances, tenant improvement costs and leasing commissions that may be incurred or required to be reimbursed by the borrower; provided, however, such rollover reserve has been conditionally waived so long as the Optimus Industries lease is in full force and effect.
With respect to Loan No. 30, Babcock & Wilcox – Chanute, on each monthly payment date during a material tenant trigger event period, the borrower is required to deposit all material tenant trigger event excess cash flow for tenant allowances, tenant improvement costs and leasing commissions that may be incurred or required to be reimbursed by the borrower in connection with an acceptable material tenant lease extension or an acceptable material tenant space re-tenanting event. |
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(20) | 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. 3, Bala Plaza Portfolio, following the first date on which the balance of funds on deposit in the tenant improvements and leasing commissions reserve account is less than $2,000,000, on a monthly basis, the borrowers are required to deposit approximately $165,779 into such account, subject. to a cap of $2,000,000.
With respect to Loan No. 11, Utica Park Place, on a monthly basis, the borrowers are required to escrow $4,948.55 for replacement reserves, so long as funds in the replacement reserve do not exceed $225,000. The borrowers will cease monthly deposits until funds in the replacement reserve fall below $225,000, at which point the borrowers will resume monthly deposits.
With respect to Loan No. 11, Utica Park Place, on a monthly basis, the borrowers are required to escrow $18,750.00 for TI/LCs, so long as funds in the TI/LC reserve do not exceed $900,000. The borrowers will cease monthly deposits until funds in the TI/LC reserve fall below $900,000, at which point the borrowers will resume monthly deposits.
With respect to Loan No. 16, Maple Hill Pavilion, deposits into a leasing reserve will be capped at $358,610.20.
With respect to Loan No. 21, Chesterfield Marketplace, deposits into a leasing reserve will be capped at $600,000.00. In addition, deposits into a specified reserve account will be capped at $270,000 upon the occurrence of a Chesterfield Marketplace Specified Tenant Trigger Event.
With respect to Loan No. 23, Coleman Marketplace, deposits into a leasing reserve will be capped at $423,000.00. In addition, deposits into a specified reserve account will be individually capped at $315,150.00 with respect to each of Ross Dress for Less and Marshals of MA, Inc. in the event of a Coleman Marketplace Tenant Renewal Failure, provided that funds in the specified reserve account must not exceed an aggregate cap of $500,000.
With respect to Loan No. 28, Empire Burbank, deposits into the specified reserve account will be capped at $225,000 in the event of an Empire Burbank Tenant Renewal Failure. |
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(21) | 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. 12, 11 West 42nd Street, the Largest Tenant, Michael Kors (USA), Inc, has 330 square feet of storage space that expires on November 30, 2023, 6,436 square feet of office space that expires on March 31, 2025, 236,974 square feet of office and storage space that expires on March 31, 2026 and 10,745 square feet of office space that expires on September 30, 2029.
With respect to Loan No. 12, 11 West 42nd Street, the Fourth Largest Tenant, Kohn Pedersen Fox Associates, P.C., has 15,400 square feet of office space that expires on April 30, 2027 and 77,388 square feet of office space that expires on May 31, 2038.
With respect to Loan No. 18, 60 Hudson, the Largest Tenant, Verizon, has 173,522 square feet that expires on December 31, 2034, and 10,898 square feet that expires on May 31, 2033.
With respect to Loan No. 20, 645 North Michigan Avenue, the Largest Tenant, Northwestern University, representing approximately 55.5% of total net rentable square footage, has 51,637 square feet of space that expires April 30, 2028 and 55,580 square feet of space that expires March 31, 2031. |
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(23) | 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. |
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| With respect to Loan No. 2, Arundel Mills and Marketplace, the Largest Tenant, Live Casino Hotel Maryland, representing approximately 28.2% of total net rentable square footage, may terminate its lease on June 30, 2027, which is the expiration of the first 15-year period from the rent commencement date, or at the end of any 10-year period thereafter.
With respect to Loan No. 2, Arundel Mills and Marketplace, Primark, representing approximately 2.4% of total net rentable square footage, may terminate its lease within 120 days of the expiration of the fourth lease year if Primark does not achieve sales of at least $12,000,000 during the forth lease year (9/1/2026-8/31/2027).
With respect to Loan No. 3, Bala Plaza Portfolio, (i) the second largest tenant at the One Bala Plaza Mortgaged Property, Beasley Media Group, LLC, representing approximately 9.5% of the net rentable square footage at the Mortgaged Property, has a one-time, unilateral right to terminate its lease effective November 30, 2025 provided that notice is given on or before November 30, 2024, and the tenant must pay certain fees in connection with such early termination, (ii) the fourth largest tenant at the One Bala Plaza Mortgaged Property, Chas, Kurz and Co., Inc., representing approximately 3.9% of the net rentable square footage at the Mortgaged Property, has a one-time, unilateral right to terminate its lease effective April 30, 2025 provided that notice is given on or before April 30, 2024, and the tenant must pay certain fees in connection with such early termination, and (iii) the second largest tenant at the Three Bala Plaza Mortgaged Property, Global Indemnity Group, Inc., representing approximately 10.4% of the net rentable square footage at the Mortgaged Property, has a one-time, unilateral right to terminate its lease effective December 31, 2025 provided that notice is given on or before December 31, 2024, and the tenant must pay certain fees in connection with such early termination.
With respect to Loan No. 4, RTL Retail Portfolio, the Fourth Largest Tenant at the Lawton Marketplace Mortgaged property, Old Navy, has the right to terminate its lease at any time during the first three months after the period between December 1, 2027 and November 30, 2028 (“the Termination Measuring Period”) if gross sales do not equal or exceed $3,500,000 during such Termination Measuring Period.
With respect to Loan No. 4, RTL Retail Portfolio, the Fourth Largest Tenant at the Carlisle Crossing mortgaged property, Harbor Freight Tools, has a one-time right to terminate its lease any time prior to March 1, 2028 effective as of August 31, 2028 with the payment of a termination fee equal to 50% of the brokerage commission and $72,825.
With respect to Loan No. 4, RTL Retail Portfolio, the Fifth Largest Tenant at the Tellico Village mortgaged property, Edward D. Jones & Co., has the right to terminate its lease with 60 days’ prior written notice and payment of a termination fee equal to (i) two months base rent and (ii) an amount equal to any unamortized tenant improvements and leasing commissions paid on the initial term of the lease, not exceeding $25,000, and which will be amortized on a straight-line basis over a period of 58 months.
With respect to Loan No. 12, 11 West 42nd Street, the Largest Tenant, Michael Kors (USA), Inc, subleases three spaces (totaling 28,107 square feet, which is approximately 11.0% of Michael Kors (USA), Inc’s NRA) to Aston Martin Lagonda of North America, Inc., ExpandEd Schools, Inc. and National Public Radio, Inc. Additionally, according to the borrower sponsors, Michael Kors (USA), Inc is currently renovating its space at the tenant’s sole cost and is in discussions with the borrower sponsors for an early renewal of a portion of its lease. If this proposed lease amendment is executed, Michael Kors (USA), Inc would renew 204,481 square feet of its expiring space (202,068 square feet of office and 2,413 square feet of storage), terminate the non-subleased portion of its lease on the 22nd floor (19,238 square feet), vacate 14,924 square feet on the third floor in March 2026, vacate 6,436 square feet on the 19th floor in March 2025 (at least 4,888 square feet of the 6,436 square feet will switch to a direct lease to National Public Radio, Inc), and vacate 9,406 square feet of subleased space on the 22nd floor in March 2026. We cannot assure you that this amendment will be signed as expected or at all.
With respect to Loan No. 12, 11 West 42nd Street, the Fifth Largest Tenant, Burberry (Wholesale) Limited, has the option to terminate its lease on December 31, 2033 by giving a 20 months’ prior written notice and paying a termination fee. |
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| With respect to Loan No. 16, Maple Hill Pavilion, the Fifth Largest Tenant at the Mortgaged Property, Old Navy, representing approximately 8.50% of the net rentable area, will have the option to terminate the lease if the tenant’s gross sales between September 1, 2024 and August 31, 2025 (the “Termination Measuring Period”) do not equal or exceed $4,500,000.00 (an “Operating Requirements Failure”), provided that the tenant, within 30 days following the last day of the Termination Measuring Period, gives the borrower no less than one months’ prior written notice and pays a termination fee equal to the unamortized portion of the construction allowance and brokerage commissions, provided that if an Operating Requirements Failure exists on the date of such notice, the tenant is required to pay a termina-tion fee equal to 50% of the unamortized portion of the construction allowance and brokerage commis-sions.
With respect to Loan No. 23, Coleman Marketplace, the Third Largest Tenant at the Mortgaged Property, Burke’s, representing approximately 11.50% of the net rentable area, will have the option to terminate the lease if the tenant’s gross sales between July 1, 2029 and June 30, 2030 (the “Termination Measuring Period”) do not exceed $2,500,000.00, effective as of October 31, 2030, provided that (i) the tenant, within 30 days following the last day of the Termination Measuring Period gives the borrower written notice, (ii) the tenant has been open and operating in the leased space during the entire Termina-tion Measuring Period (subject to specified temporary closures) and (iii) on the date such notice is given, no monetary or material non-monetary defaults under the lease exist beyond any applicable cure period.
With respect to Loan No. 25, Regency Retail Portfolio, the Second Largest Tenant at the River Creek Village mortgaged property, Harbor Freight, has the one-time right to terminate its space on April 30, 2026, subject to written notice, so long as such notice is submitted on or before October 31, 2025. Upon timely delivery of the termination notice, Harbor Freight will be required to pay a termination fee equal to 50% of the brokerage commission to the extent the same was actually paid by the landlord to the broker.
With respect to Loan No. 25, Regency Retail Portfolio, the Fourth Largest Tenant at the Oak Station mortgaged property, Marshalls, has a right to terminate its space at any time after March 30, 2027, subject to written notice.
With respect to Loan No. 27, Terraces at Windy Hill, the Third Largest Tenant at the Mortgaged Proper-ty, US Postal Service may terminate its lease at any time upon 270 days’ notice to the borrower. |
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(24) | With respect to Loan No. 1, Woodfield Mall, for so long as one or more of Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”), Institutional Mall Investors LLC (“IMI”), California Public Employees’ Retirement System (“CalPERS”) or any Person of which CalPERS owns, directly or indirectly, at least 50% of the capital and profits (“CalPERS Investor”) (or an affiliate of SPG LP, Simon Inc., IMI, CalPERS or CalPERS Investor) is a non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability, is limited to 20% of the outstanding principal balance of the Mortgage Loan at such time, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the related Mortgagee in the enforcement of the related guaranty or the preservation of such Mortgagee’s rights under such guaranty. In addition, there is no separate environmental indemnity with respect to such Mortgage Loan. The non-recourse carveout guaranty covers breaches of representations, warranties and indemnification provisions in the loan agreement concerning environmental laws and hazardous materials; however, such coverage is subject to the cap described above.
With respect to Loan No. 2, Arundel Mills and Marketplace, for so long as any of Simon Property Group, Inc., SPG LP, or an affiliate of the foregoing is a guarantor under the non-recourse carveout guaranty, the liability of the non-recourse carveout guarantors is capped at an amount equal to 20% of the original principal amount of the related whole loan, plus all of the reasonable out-of-pocket costs and expenses incurred by the lender in the enforcement of such guaranty or the preservation of the lender’s rights thereunder. In addition, there is no separate environmental indemnity with respect to such Mortgage Loan. The non-recourse carveout guaranty covers breaches of representations, warranties and indemnification provisions in the loan agreement concerning environmental laws and hazardous materials; however, such coverage is subject to the cap described above.
With respect to Loan No. 9, New Mountain – Cleaver Brooks, the lease is guaranteed by Cleaver-Holdings Inc. |
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| property. The “economic activity taxes” were not underwritten as taxes and the amount of such “economic activity taxes” are not required to be escrowed in the tax reserve for the mortgage loan.
With respect to Loan No. 31, Southside Plaza Shopping Center, the mortgaged property is subject to a ten-year tax abatement pursuant to a ground lease with The City of Lee’s Summit, Missouri (the “City”), as ground lessor, and the borrower, as ground lessee, that commenced on July 1, 2022. Under the ground lease, the borrower will pay, as rent, an annual PILOT of $0 during the first four years of the abatement, and the following amounts per year (due on December 31st) during the remaining six-year period (which amounts were calculated based on being equal to 50% of the amount of real property taxes which would have otherwise been due with respect to the Mortgaged Property if the property was not owned by the City): 2026 – $74,534; 2027 – $74,534; 2028 – $76,770; 2029 – $76,770; 2030 – $79,073; and 2031 – $79,073. In addition to the leasehold mortgage in favor of the lender, the mortgaged property is secured by a fee mortgage granted by the City. Taxes were underwritten at $105,654, which is the amount currently collected in real estate tax reimbursements from the tenants of the Southside Plaza Shopping Center mortgaged property. |
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(28) | With respect to Loan No. 5, 2136 Honeywell Avenue, Martin Joseph and Hershy Silberstein, the borrower sponsors, entered into a master lease with the borrower for the seven vacant units at the mortgaged property.
With respect to Loan No. 8, Tusk Multifamily Portfolio, approximately 37% of occupied units (33 units) at the Magnolia Manor mortgaged property are leased by month-to-month tenants, and approximately 29% of occupied units (26 units) at the Magnolia Manor mortgaged property are leased pursuant to documentation that cannot be located. As a result, at origination of the mortgage loan, the borrower of the Magnolia Manor mortgaged property, Magnolia Manor Apartments DE LLC (the “Master Lease Landlord”), entered into a master lease (the “Master Lease”) with a newly formed affiliate of the Master Lease Landlord, Magnolia Manor Master Tenant, LLC (the “Master Lease Tenant”), with respect to (i) leases with month-to-month tenancies and (ii) rents payable from tenants with missing leases that the Master Lease Landlord is unable to locate and deliver to the lender (collectively, clauses (i) and (ii), individually, a “Covered Lease”; and the unit to which a Covered Lease applies, a “Covered Unit”). Pursuant to the Master Lease, on a monthly basis, the Master Lease Tenant will pay a rental amount equal to the greatest of the following with respect to such Covered Unit: (i) the rent for such Covered Unit as of the commencement date of the Master Lease (the closing date) (or, if such apartment unit becomes a Covered Unit after the commencement date, as of the date such apartment unit becomes a Covered Unit), (ii) the highest monthly rent charged for such Covered Unit after the date of the Master Lease, and (iii) the then-current monthly rent for such Covered Unit, as shown on the monthly rent roll required to be submitted to the lender pursuant to the mortgage loan documents. The obligations of the Master Lease Tenant under the Master Lease will be guaranteed by the guarantors for the mortgage loan. An apartment unit at the Magnolia Manor mortgaged property will cease to be a Covered Unit, and thereupon to be excluded and removed from the Master Lease, upon the occurrence of the following with respect to such Covered Unit: (i) such apartment unit being leased to a third-party tenant after the date of the Master Lease, in accordance with the terms and provisions of the mortgage loan documents, for residential occupancy by such tenant, pursuant to a bona fide arms-length lease, for a term of not less than one year, at a rent not less than 95% of the rent most recently applicable to such apartment unit as a Covered Unit, and (ii) the tenant of such unit having made its first full monthly rent payment after taking occupancy of such unit. Moreover, if and when less than 5.0% of the income at the Magnolia Manor mortgaged property is derived from Covered Leases, the Master Lease will terminate in its entirety. |
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(29) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. |
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(30) | With respect to Loan No. 4, RTL Retail Portfolio, the borrowers are ARC CTCHRNC001, LLC, ARC LCROWTX001, LLC, ARC NWNCHSC001, LLC, ARC QSOKCOK001, LLC, ARC SWHOUTX001, LLC, ARG CALAFLA001, LLC, ARG CCCARPA001, LLC, ARG DMDERKS001, LLC, ARG EMEVGIL001, LLC, ARG FTFTWIN001, LLC, ARG HCHOULA001, LLC, ARG HTMANWI001, LLC, ARG LMLAWOK001, LLC, ARG LSSALMD001, LLC, ARG MPELYOH001, LLC, ARG NLGAIGA001, LLC, ARG NRTAMFL001, LLC, ARG OTOWEKY001, LLC, ARG PCGROOH001, LLC, ARG PSREYOH001, LLC, ARG SCROCNC001, LLC, ARG SVJEFMO001, LLC, ARG TCHATMS001, LLC, ARG TMMARGA001, LLC, ARG TVLOUTN001, LLC, ARG VPALBNM001, LLC, ARG WASUMSC001, LLC, ARG WCSALNC001, LLC, and ARG WSCLAIN001, LLC.
With respect to Loan No. 13, OPI Portfolio, the 1 Primerica Parkway mortgaged property has a United Parcel Service, Inc. drop box accounting for $500 per annum in underwritten base rent.
With respect to Loan No. 13, OPI Portfolio, the 1 Primerica Parkway mortgaged property is subject to a right of first refusal agreement whereby the owner of the adjacent property to such mortgaged property has a right of first refusal solely in the event the borrower sponsor receives an offer to purchase the 1 Primerica Parkway mortgaged property from a purchaser who wishes to convert such mortgaged property to a multifamily property. The right of first refusal is only valid if the 1 Primerica Parkway mortgaged property is rezoned to multifamily prior to the closing of such sale. The related right does not apply in the context of a foreclosure, deed-in-lieu of foreclosure or other exercise of remedies under the mortgage loan documents.
With respect to Loan No. 31, Southside Plaza Shopping Center, the mortgage loan originated on July 1, 2022, subsequently lost certain tenancy, and went into a cashflow sweep structure. The Southside Plaza Shopping Center mortgage loan borrower subsequently partially re-tenanted the vacated space, deposited a $50,000 reserve as additional collateral (to be released, in addition to other requirements, upon maintenance of certain underwritten net operating income and occupancy through December 31, 2024), and entered into a Southside Plaza Shopping Center loan agreement amendment dated November 7, 2023, which, in addition to other terms, extended the defeasance lockout period, suspended the cashflow sweep structure and revised the terms of future cashflow sweep triggers including the exclusion of reference to specific tenants no longer in occupancy at the Southside Plaza Shopping Center Property. |
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(31) | With respect to Loan No. 2, Arundel Mills and Marketplace, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is driven by 18 new and renewal leases commencing in 2023 and 2024 totaling 113,039 square feet (5.8% of SF and 8.3% of underwritten rent) and rent steps of $604,665. |
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(32) | Intentionally blank |
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(33) | With respect to Loan No. 3, Bala Plaza Portfolio, the borrowers own the related mortgaged property as tenants–in–common.
With respect to Loan No. 15, Hyatt Regency Schaumburg, the borrowers own the related mortgaged property as tenants–in–common.
With respect to Loan No. 20, 645 North Michigan Avenue, the borrowers own the related mortgaged property as tenants–in–common.
With respect to Loan No. 22, 3 Palms Resort, the borrowers own the related mortgaged property as tenants–in–common.
With respect to Loan No. 23, Coleman Marketplace, the borrowers own the related mortgaged property as tenants-in-common. |