| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-280224-02 |
BMO 2024-C10 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 1-888-200-0266 (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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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., Deutsche Bank Securities Inc., Goldman Sachs & Co. 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.
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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.
BMO 2024-C10
Annex A
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, 4, 7, 12, 13 | 1 | Newport Centre | 8.3% | 100.0% | GACC, GSBI | GACC, GSMC | Group B | NAP | 30 Mall Drive West |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 8.3% | 100.0% | BMO, JPMCB | BMO | NAP | NAP | 14400 Bear Valley Road |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 7.5% | | CREFI | CREFI | NAP | NAP | Various |
3.01 | Property | | 1 | Ringgold | 0.9% | 12.7% | | | | | 100 Morgan Olson Way |
3.02 | Property | | 1 | Laval | 0.6% | 7.9% | | | | | 3600 Boulevard Industriel |
3.03 | Property | | 1 | Loudon | 0.5% | 7.0% | | | | | 9600 Corporate Park Drive |
3.04 | Property | | 1 | Salt Lake City | 0.5% | 6.0% | | | | | 4285 West 1385 South |
3.05 | Property | | 1 | Morgantown | 0.4% | 5.6% | | | | | 111 Morgan Way |
3.06 | Property | | 1 | Reading | 0.4% | 4.7% | | | | | 201 Hancock Boulevard |
3.07 | Property | | 1 | Orrville | 0.3% | 3.9% | | | | | 600 East Chestnut Street |
3.08 | Property | | 1 | Riverside I | 0.3% | 3.9% | | | | | 7888 Lincoln Avenue |
3.09 | Property | | 1 | Spring Hill | 0.3% | 3.8% | | | | | 15800 Hudson Avenue |
3.10 | Property | | 1 | Janesville | 0.3% | 3.6% | | | | | 3100 East Morgan Way |
3.11 | Property | | 1 | Sturgis II | 0.3% | 3.5% | | | | | 1801 South Nottawa Street |
3.12 | Property | | 1 | Denver | 0.3% | 3.4% | | | | | 1658 Dry Tavern Road |
3.13 | Property | | 1 | Sturgis I | 0.2% | 3.0% | | | | | 1861 South Centerville Road |
3.14 | Property | | 1 | Social Circle | 0.2% | 2.7% | | | | | 1 Waters Drive |
3.15 | Property | | 1 | Caldwell | 0.2% | 2.6% | | | | | 3820 Skyway Street |
3.16 | Property | | 1 | Brenham | 0.2% | 2.5% | | | | | 3140 South Blue Bell Road |
3.17 | Property | | 1 | Clinton | 0.2% | 2.3% | | | | | 6315 & 6401 Aaron Lane |
3.18 | Property | | 1 | Ehrenberg | 0.2% | 2.3% | | | | | 18275 Morgan Drive |
3.19 | Property | | 1 | Rydal | 0.2% | 2.2% | | | | | 4120 Highway 411 Northeast |
3.20 | Property | | 1 | Claremore | 0.2% | 2.0% | | | | | 2800 North Lynn Riggs Boulevard |
3.21 | Property | | 1 | West Palm Beach | 0.1% | 1.8% | | | | | 2983 South Military Trail |
3.22 | Property | | 1 | Decatur | 0.1% | 1.7% | | | | | 1102 Brooks Street Southeast |
3.23 | Property | | 1 | North Salt Lake | 0.1% | 1.7% | | | | | 330 West Center Street |
3.24 | Property | | 1 | Ephrata | 0.1% | 1.7% | | | | | 485 Wenger Drive |
3.25 | Property | | 1 | Nashville | 0.1% | 1.3% | | | | | 1801 Lebanon Pike |
3.26 | Property | | 1 | Louisville | 0.1% | 1.3% | | | | | 5620 Fern Valley Road |
3.27 | Property | | 1 | Riverside II | 0.1% | 1.3% | | | | | 7322 Jurupa Avenue |
3.28 | Property | | 1 | Corsicana | 0.1% | 1.2% | | | | | 8051 Morgan Circle |
3.29 | Property | | 1 | Centralia | 0.1% | 1.2% | | | | | 2400 Commercial Road |
3.30 | Property | | 1 | Indianapolis | 0.1% | 0.8% | | | | | 2770 Bluff Road |
3.31 | Property | | 1 | Elkhart | 0.0% | 0.4% | | | | | 28858 Ventura Drive |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 6.1% | 100.0% | ZBNA | ZBNA | NAP | NAP | 4501-4591 South Laburnum Avenue |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 5.8% | | BMO | BMO | Group A | NAP | Various |
5.01 | Property | | 1 | Milwaukee 7777 | 1.6% | 28.4% | | | | | 7777 North 73rd Street and 7611-7615 North 73rd Street |
5.02 | Property | | 1 | Rockland | 1.4% | 23.9% | | | | | 50 Gordon Drive |
5.03 | Property | | 1 | Madison Heights | 1.0% | 17.8% | | | | | 531-561 Ajax Drive |
5.04 | Property | | 1 | Manchester | 1.0% | 16.4% | | | | | 1085 South 3rd Street |
5.05 | Property | | 1 | Milwaukee 7676 | 0.5% | 8.4% | | | | | 7676 North 76th Street |
5.06 | Property | | 1 | Huntley | 0.3% | 5.2% | | | | | 11921 Smith Drive |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 5.5% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 260 Midway Drive |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 5.4% | | CREFI | CREFI | Group A | NAP | Various |
7.01 | Property | | 1 | Phoenix | 3.6% | 67.0% | | | | | 501 East 151st Street |
7.02 | Property | | 1 | Lufkin | 1.5% | 27.8% | | | | | 7309 US Highway 69 |
7.03 | Property | | 1 | Joliet | 0.3% | 5.3% | | | | | 811-813 Richards Street |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 5.0% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 1180-1256 Galleria Boulevard |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 4.3% | 100.0% | SMC | SMC | Group C | NAP | 6407 Antoine Drive |
10 | Loan | | 1 | Bradley Fair | 4.1% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 2000 North Rock Road |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 4.1% | 100.0% | BMO | BMO | Group A | NAP | 1001 East 33rd Street |
12 | Loan | 31 | 1 | Springfield Center | 4.0% | 100.0% | CREFI | CREFI | NAP | NAP | 6646 Loisdale Road and 6711 Spring Mall Road |
BMO 2024-C10
Annex A
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 |
| | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 3.9% | 100.0% | 3650 REIT 2 | 3650 REIT | Group D | NAP | 149-169 East 125th Street |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 3.5% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 1641 West Imperial Highway |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 2.9% | 100.0% | BMO | BMO | NAP | NAP | 236-244 East 13th Street |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 2.9% | 100.0% | SMC | SMC | Group C | NAP | 10201 Telephone Road |
17 | Loan | 7, 12 | 1 | 500 Delaware | 2.8% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 500 Delaware Avenue |
18 | Loan | 13, 16, 25 | 1 | Quantix | 2.5% | 100.0% | CREFI | CREFI | Group A | NAP | 17478 Texas State Highway 62 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 2.3% | 100.0% | GACC, GSBI, WFB | GACC | NAP | NAP | 8000 South Arizona Grand Parkway |
20 | Loan | 4, 7, 16 | 1 | Centene | 2.2% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 1700 North University Drive |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 2.1% | 100.0% | WFB, JPMCB, BMO | BMO | Group B | NAP | 3000 Grapevine Mills Parkway and 2501 Bass Pro Drive |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 1.6% | 100.0% | 3650 REIT 2 | 3650 REIT | NAP | NAP | 801 Newark Avenue |
23 | Loan | | 1 | Corporate Circle | 1.3% | 100.0% | BMO | BMO | NAP | NAP | 30100 and 30050 Chagrin Boulevard |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 1.3% | 100.0% | 3650 REIT 2 | 3650 REIT | Group D | NAP | 1516 Motor Parkway |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 1.2% | 100.0% | SMC | SMC | NAP | NAP | 2175 East Touhy Avenue |
26 | Loan | | 1 | 1702 West 1st Street | 0.5% | 100.0% | ZBNA | ZBNA | NAP | NAP | 1702 West 1st Street |
27 | Loan | 15 | 1 | Airport Business Center | 0.5% | 100.0% | ZBNA | ZBNA | NAP | NAP | 12508 Jones Maltsberger Road |
28 | Loan | | 1 | Burbank Self Storage | 0.2% | 100.0% | SMC | SMC | NAP | NAP | 3203 North San Fernando Boulevard |
BMO 2024-C10
Annex A
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 |
| | | | | | | | | 2 | 2 | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | Jersey City | Hudson | NJ | 07310 | Retail | Super Regional Mall | 1987 | 2006 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | Victorville | San Bernardino | CA | 92392 | Retail | Super Regional Mall | 1986 | 2006-2007, 2012-2013, 2022-2023 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | Various | Various | Various | Various | Industrial | Various | Various | Various |
3.01 | Property | | 1 | Ringgold | Ringgold | Pittsylvania | VA | 24586 | Industrial | Manufacturing | 2008 | 2019 |
3.02 | Property | | 1 | Laval | Laval | Laval | QC | H7L 4R9 | Industrial | Manufacturing / Vehicle Storage | 1987 | NAP |
3.03 | Property | | 1 | Loudon | Loudon | Loudon | TN | 37774 | Industrial | Manufacturing | 1996, 2005, 2007 | 2015 |
3.04 | Property | | 1 | Salt Lake City | Salt Lake City | Salt Lake | UT | 84104 | Industrial | Manufacturing / Warehouse | 2009 | NAP |
3.05 | Property | | 1 | Morgantown | Morgantown | Berks | PA | 19543 | Industrial | Manufacturing / Vehicle Storage | 1950 | 2014 |
3.06 | Property | | 1 | Reading | Reading | Berks | PA | 19611 | Industrial | Manufacturing / Warehouse | 1951 | 1998 |
3.07 | Property | | 1 | Orrville | Orrville | Wayne | OH | 44667 | Industrial | Manufacturing / Warehouse | 1922 | 2018 |
3.08 | Property | | 1 | Riverside I | Riverside | Riverside | CA | 92504 | Industrial | Manufacturing | 1979 | NAP |
3.09 | Property | | 1 | Spring Hill | Spring Hill | Pasco | FL | 34610 | Industrial | Manufacturing | 2008 | NAP |
3.10 | Property | | 1 | Janesville | Janesville | Rock | WI | 53546 | Industrial | Manufacturing / Vehicle Storage | 1990 | 2015 |
3.11 | Property | | 1 | Sturgis II | Sturgis | St. Joseph | MI | 49091 | Industrial | Manufacturing | 1967 | 2020 |
3.12 | Property | | 1 | Denver | Denver | Lancaster | PA | 17517 | Industrial | Manufacturing / Warehouse | 2000 | 2017 |
3.13 | Property | | 1 | Sturgis I | Sturgis | St. Joseph | MI | 49091 | Industrial | Manufacturing | 1960 | NAP |
3.14 | Property | | 1 | Social Circle | Social Circle | Walton | GA | 30025 | Industrial | Manufacturing / Warehouse | 1970 | 1994 |
3.15 | Property | | 1 | Caldwell | Caldwell | Canyon | ID | 83605 | Industrial | Manufacturing / Warehouse | 2018 | NAP |
3.16 | Property | | 1 | Brenham | Brenham | Washington | TX | 77833 | Industrial | Manufacturing / Warehouse | 1993 | 2002 |
3.17 | Property | | 1 | Clinton | Clinton | Prince George's | MD | 20735 | Industrial | Manufacturing / Warehouse | 1962, 1969 | NAP |
3.18 | Property | | 1 | Ehrenberg | Ehrenberg | La Paz | AZ | 85334 | Industrial | Manufacturing / Warehouse | 1986 | 2017 |
3.19 | Property | | 1 | Rydal | Rydal | Bartow | GA | 30171 | Industrial | Manufacturing / Warehouse | 1987, 2000, 2014 | NAP |
3.20 | Property | | 1 | Claremore | Claremore | Rogers | OK | 74017 | Industrial | Manufacturing | 1981 | NAP |
3.21 | Property | | 1 | West Palm Beach | West Palm Beach | Palm Beach | FL | 33415 | Industrial | Manufacturing / Warehouse | 1984 | NAP |
3.22 | Property | | 1 | Decatur | Decatur | Morgan | AL | 35601 | Industrial | Manufacturing / Warehouse | 1965 | 2018 |
3.23 | Property | | 1 | North Salt Lake | North Salt Lake | Davis | UT | 84054 | Industrial | Manufacturing / Warehouse | 1980 | 1996 |
3.24 | Property | | 1 | Ephrata | Ephrata | Lancaster | PA | 17522 | Industrial | Manufacturing / Vehicle Storage | 1970 | NAP |
3.25 | Property | | 1 | Nashville | Nashville | Davidson | TN | 37210 | Industrial | Warehouse / Distribution | 1995 | 2022 |
3.26 | Property | | 1 | Louisville | Louisville | Jefferson | KY | 40228 | Industrial | Manufacturing | 1997 | NAP |
3.27 | Property | | 1 | Riverside II | Riverside | Riverside | CA | 92504 | Industrial | Vehicle Storage | NAP | NAP |
3.28 | Property | | 1 | Corsicana | Corsicana | Navarro | TX | 75109 | Industrial | Manufacturing / Warehouse | 1982 | 2012 |
3.29 | Property | | 1 | Centralia | Centralia | Lewis | WA | 98531 | Industrial | Warehouse | 1950 | 2000 |
3.30 | Property | | 1 | Indianapolis | Indianapolis | Marion | IN | 46225 | Industrial | Warehouse | 1970 | 2012 |
3.31 | Property | | 1 | Elkhart | Elkhart | Elkhart | IN | 46517 | Industrial | Warehouse | 1983 | 2010 |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | Richmond | Henrico | VA | 23231 | Retail | Anchored | 2008 | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | Various | Various | Various | Various | Industrial | Various | Various | Various |
5.01 | Property | | 1 | Milwaukee 7777 | Milwaukee | Milwaukee | WI | 53223 | Industrial | Manufacturing / Distribution | 1965-1970 | NAP |
5.02 | Property | | 1 | Rockland | Rockland | Knox | ME | 04841 | Industrial | Manufacturing | 1999 | 2007 |
5.03 | Property | | 1 | Madison Heights | Madison Heights | Oakland | MI | 48071 | Industrial | Manufacturing | 1988 | 2000 |
5.04 | Property | | 1 | Manchester | Manchester | Delaware | IA | 52057 | Industrial | Warehouse | 1958-2015 | NAP |
5.05 | Property | | 1 | Milwaukee 7676 | Milwaukee | Milwaukee | WI | 53223 | Industrial | Manufacturing | 1977 | NAP |
5.06 | Property | | 1 | Huntley | Huntley | McHenry | IL | 60142 | Industrial | Warehouse | 1980 | NAP |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | Union | Union | SC | 29379 | Industrial | R&D / Manufacturing | 2018 | 2023 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | Various | Various | Various | Various | Industrial | Various | Various | Various |
7.01 | Property | | 1 | Phoenix | Phoenix | Cook | IL | 60426 | Industrial | Manufacturing / Warehouse | 1956 | 2016 |
7.02 | Property | | 1 | Lufkin | Lufkin | Angelina | TX | 75901 | Industrial | Manufacturing / Warehouse | 1975 | NAP |
7.03 | Property | | 1 | Joliet | Joliet | Will | IL | 60433 | Industrial | Warehouse / Distribution | 1958 | 2017 |
8 | Loan | 7, 26 | 1 | Creekside Town Center | Roseville | Placer | CA | 95678 | Retail | Anchored | 1999-2001 | NAP |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | Houston | Harris | TX | 77091 | Multifamily | Garden | 1980 | 2022 |
10 | Loan | | 1 | Bradley Fair | Wichita | Sedgwick | KS | 67206 | Other | Leased Fee | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | Lubbock | Lubbock | TX | 79404 | Industrial | Warehouse | 1972 | 2022 |
12 | Loan | 31 | 1 | Springfield Center | Springfield | Fairfax | VA | 22150 | Retail | Anchored | 1999 | NAP |
BMO 2024-C10
Annex A
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 |
| | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | New York | New York | NY | 10035 | Mixed Use | Office / Retail | 2001 | NAP |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | La Habra | Orange | CA | 90631 | Retail | Anchored | 1968-2002 | 2005-2019 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | New York | New York | NY | 10003 | Multifamily | Mid Rise | 1900 | 1989 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | Houston | Harris | TX | 77075 | Multifamily | Garden | 1971 | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | Wilmington | New Castle | DE | 19801 | Office | CBD | 2006 | 2020 |
18 | Loan | 13, 16, 25 | 1 | Quantix | Orange | Orange | TX | 77630 | Industrial | Warehouse / Distribution | 1978 | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | Phoenix | Maricopa | AZ | 85044 | Hospitality | Full Service | 1987 | 2017-2019 |
20 | Loan | 4, 7, 16 | 1 | Centene | Plantation | Broward | FL | 33322 | Office | Suburban | 2020 | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | Grapevine | Tarrant | TX | 76051 | Retail | Super Regional Mall | 1997 | 2015 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | Elizabeth | Union | NJ | 07208 | Retail | Single Tenant | 1999 | NAP |
23 | Loan | | 1 | Corporate Circle | Pepper Pike | Cuyahoga | OH | 44124 | Office | Suburban | 1982 | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | Hauppauge | Suffolk | NY | 11749 | Industrial | Warehouse / Distribution | 1981 | 2016 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | Des Plaines | Cook | IL | 60018 | Hospitality | Limited Service | 1977 | 2018 |
26 | Loan | | 1 | 1702 West 1st Street | Brooklyn | Kings | NY | 11223 | Multifamily | Mid Rise | 1928 | NAP |
27 | Loan | 15 | 1 | Airport Business Center | San Antonio | Bexar | TX | 78247 | Industrial | R&D / Flex | 2001 | NAP |
28 | Loan | | 1 | Burbank Self Storage | Burbank | Los Angeles | CA | 91504 | Self Storage | Self Storage | 1977 | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) |
| | | | | 3 | | | 6, 7 | 6, 7 | 6, 7 | | 8 | | 9 | 9 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 966,186 | SF | 194.58 | 60,000,000 | 60,000,000 | 60,000,000 | 5.43700% | 0.01680% | 5.42020% | NAP | 275,625.69 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 479,261 | SF | 177.36 | 60,000,000 | 60,000,000 | 60,000,000 | 6.72300% | 0.01805% | 6.70495% | NAP | 340,818.75 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 4,526,168 | SF | 30.73 | 54,070,000 | 54,070,000 | 54,070,000 | 5.65000% | 0.01805% | 5.63195% | NAP | 258,115.41 |
3.01 | Property | | 1 | Ringgold | 878,000 | SF | | 6,842,827 | 6,842,827 | 6,842,827 | | | | | |
3.02 | Property | | 1 | Laval | 117,533 | SF | | 4,276,767 | 4,276,767 | 4,276,767 | | | | | |
3.03 | Property | | 1 | Loudon | 334,024 | SF | | 3,790,771 | 3,790,771 | 3,790,771 | | | | | |
3.04 | Property | | 1 | Salt Lake City | 109,914 | SF | | 3,265,895 | 3,265,895 | 3,265,895 | | | | | |
3.05 | Property | | 1 | Morgantown | 246,843 | SF | | 3,032,617 | 3,032,617 | 3,032,617 | | | | | |
3.06 | Property | | 1 | Reading | 323,381 | SF | | 2,566,060 | 2,566,060 | 2,566,060 | | | | | |
3.07 | Property | | 1 | Orrville | 347,024 | SF | | 2,118,944 | 2,118,944 | 2,118,944 | | | | | |
3.08 | Property | | 1 | Riverside I | 66,000 | SF | | 2,099,504 | 2,099,504 | 2,099,504 | | | | | |
3.09 | Property | | 1 | Spring Hill | 80,400 | SF | | 2,060,624 | 2,060,624 | 2,060,624 | | | | | |
3.10 | Property | | 1 | Janesville | 196,098 | SF | | 1,943,985 | 1,943,985 | 1,943,985 | | | | | |
3.11 | Property | | 1 | Sturgis II | 204,555 | SF | | 1,905,105 | 1,905,105 | 1,905,105 | | | | | |
3.12 | Property | | 1 | Denver | 98,485 | SF | | 1,827,346 | 1,827,346 | 1,827,346 | | | | | |
3.13 | Property | | 1 | Sturgis I | 175,700 | SF | | 1,632,947 | 1,632,947 | 1,632,947 | | | | | |
3.14 | Property | | 1 | Social Circle | 200,342 | SF | | 1,477,429 | 1,477,429 | 1,477,429 | | | | | |
3.15 | Property | | 1 | Caldwell | 37,100 | SF | | 1,419,109 | 1,419,109 | 1,419,109 | | | | | |
3.16 | Property | | 1 | Brenham | 128,225 | SF | | 1,360,790 | 1,360,790 | 1,360,790 | | | | | |
3.17 | Property | | 1 | Clinton | 17,552 | SF | | 1,244,150 | 1,244,150 | 1,244,150 | | | | | |
3.18 | Property | | 1 | Ehrenberg | 120,416 | SF | | 1,244,150 | 1,244,150 | 1,244,150 | | | | | |
3.19 | Property | | 1 | Rydal | 102,697 | SF | | 1,170,279 | 1,170,279 | 1,170,279 | | | | | |
3.20 | Property | | 1 | Claremore | 101,498 | SF | | 1,088,632 | 1,088,632 | 1,088,632 | | | | | |
3.21 | Property | | 1 | West Palm Beach | 24,890 | SF | | 971,993 | 971,993 | 971,993 | | | | | |
3.22 | Property | | 1 | Decatur | 183,804 | SF | | 923,393 | 923,393 | 923,393 | | | | | |
3.23 | Property | | 1 | North Salt Lake | 26,145 | SF | | 913,673 | 913,673 | 913,673 | | | | | |
3.24 | Property | | 1 | Ephrata | 55,198 | SF | | 894,233 | 894,233 | 894,233 | | | | | |
3.25 | Property | | 1 | Nashville | 18,144 | SF | | 715,387 | 715,387 | 715,387 | | | | | |
3.26 | Property | | 1 | Louisville | 26,325 | SF | | 684,283 | 684,283 | 684,283 | | | | | |
3.27 | Property | | 1 | Riverside II | 137,214 | SF | | 684,283 | 684,283 | 684,283 | | | | | |
3.28 | Property | | 1 | Corsicana | 75,616 | SF | | 660,955 | 660,955 | 660,955 | | | | | |
3.29 | Property | | 1 | Centralia | 47,826 | SF | | 631,795 | 631,795 | 631,795 | | | | | |
3.30 | Property | | 1 | Indianapolis | 28,364 | SF | | 427,677 | 427,677 | 427,677 | | | | | |
3.31 | Property | | 1 | Elkhart | 16,855 | SF | | 194,399 | 194,399 | 194,399 | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 397,605 | SF | 111.79 | 44,450,000 | 44,450,000 | 44,450,000 | 6.10000% | 0.01805% | 6.08195% | NAP | 229,092.42 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 791,583 | SF | 53.18 | 42,097,500 | 42,097,500 | 42,097,500 | 6.36000% | 0.01805% | 6.34195% | NAP | 226,215.59 |
5.01 | Property | | 1 | Milwaukee 7777 | 215,242 | SF | | 11,945,345 | 11,945,345 | 11,945,345 | | | | | |
5.02 | Property | | 1 | Rockland | 203,640 | SF | | 10,041,967 | 10,041,967 | 10,041,967 | | | | | |
5.03 | Property | | 1 | Madison Heights | 116,045 | SF | | 7,482,250 | 7,482,250 | 7,482,250 | | | | | |
5.04 | Property | | 1 | Manchester | 169,286 | SF | | 6,891,546 | 6,891,546 | 6,891,546 | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | 60,038 | SF | | 3,531,097 | 3,531,097 | 3,531,097 | | | | | |
5.06 | Property | | 1 | Huntley | 27,332 | SF | | 2,205,295 | 2,205,295 | 2,205,295 | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 135,939 | SF | 294.25 | 40,000,000 | 40,000,000 | 40,000,000 | 7.42000% | 0.01805% | 7.40195% | NAP | 250,768.52 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 991,022 | SF | 39.11 | 38,760,000 | 38,760,000 | 38,760,000 | 6.21000% | 0.01805% | 6.19195% | NAP | 203,368.88 |
7.01 | Property | | 1 | Phoenix | 596,566 | SF | | 25,965,000 | 25,965,000 | 25,965,000 | | | | | |
7.02 | Property | | 1 | Lufkin | 369,505 | SF | | 10,760,000 | 10,760,000 | 10,760,000 | | | | | |
7.03 | Property | | 1 | Joliet | 24,951 | SF | | 2,035,000 | 2,035,000 | 2,035,000 | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 360,891 | SF | 198.19 | 36,525,000 | 36,525,000 | 36,525,000 | 7.28000% | 0.01805% | 7.26195% | NAP | 224,662.57 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 500 | Units | 62,000.00 | 31,000,000 | 31,000,000 | 31,000,000 | 7.23500% | 0.01805% | 7.21695% | NAP | 189,500.06 |
10 | Loan | | 1 | Bradley Fair | 1,434,847 | SF | 20.91 | 30,000,000 | 30,000,000 | 30,000,000 | 6.38500% | 0.01805% | 6.36695% | NAP | 161,842.01 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 210,028 | SF | 141.46 | 29,710,000 | 29,710,000 | 29,710,000 | 6.38500% | 0.01805% | 6.36695% | NAP | 160,277.54 |
12 | Loan | 31 | 1 | Springfield Center | 176,698 | SF | 165.03 | 29,160,000 | 29,160,000 | 29,160,000 | 5.84000% | 0.01805% | 5.82195% | NAP | 143,883.00 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) |
| | | | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 92,653 | SF | 302.20 | 28,000,000 | 28,000,000 | 28,000,000 | 5.90000% | 0.01805% | 5.88195% | NAP | 139,578.70 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 372,476 | SF | 255.05 | 25,000,000 | 25,000,000 | 25,000,000 | 3.70000% | 0.01805% | 3.68195% | NAP | 78,153.94 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 83 | Units | 253,012.05 | 21,000,000 | 21,000,000 | 21,000,000 | 6.18000% | 0.01805% | 6.16195% | NAP | 109,652.08 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 356 | Units | 58,286.52 | 20,750,000 | 20,750,000 | 20,750,000 | 7.00000% | 0.01805% | 6.98195% | NAP | 122,722.80 |
17 | Loan | 7, 12 | 1 | 500 Delaware | 371,222 | SF | 228.97 | 20,000,000 | 20,000,000 | 20,000,000 | 4.84000% | 0.01805% | 4.82195% | NAP | 81,787.04 |
18 | Loan | 13, 16, 25 | 1 | Quantix | 431,566 | SF | 42.35 | 18,278,000 | 18,278,000 | 17,127,321 | 6.13000% | 0.01805% | 6.11195% | 111,118.16 | 94,666.92 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 744 | Rooms | 168,010.75 | 17,000,000 | 17,000,000 | 17,000,000 | 5.55000% | 0.01680% | 5.53320% | NAP | 79,717.01 |
20 | Loan | 4, 7, 16 | 1 | Centene | 145,983 | SF | 320.59 | 15,600,000 | 15,600,000 | 15,600,000 | 3.41500% | 0.01805% | 3.39695% | NAP | 45,011.60 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 1,628,140 | SF | 153.55 | 15,500,000 | 15,500,000 | 15,500,000 | 6.26400% | 0.01930% | 6.24470% | NAP | 82,033.75 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 54,416 | SF | 215.93 | 11,750,000 | 11,750,000 | 11,750,000 | 6.35000% | 0.01805% | 6.33195% | NAP | 63,040.65 |
23 | Loan | | 1 | Corporate Circle | 121,316 | SF | 76.57 | 9,300,000 | 9,288,961 | 7,288,557 | 6.36500% | 0.01805% | 6.34695% | 62,012.02 | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 140,125 | SF | 129.88 | 9,100,000 | 9,100,000 | 9,100,000 | 3.49000% | 0.01805% | 3.47195% | NAP | 26,833.41 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 143 | Rooms | 59,440.56 | 8,500,000 | 8,500,000 | 7,513,151 | 7.53500% | 0.01805% | 7.51695% | 59,637.08 | NAP |
26 | Loan | | 1 | 1702 West 1st Street | 42 | Units | 91,309.52 | 3,835,000 | 3,835,000 | 3,835,000 | 6.70000% | 0.01805% | 6.68195% | NAP | 21,709.47 |
27 | Loan | 15 | 1 | Airport Business Center | 34,978 | SF | 97.20 | 3,400,000 | 3,400,000 | 3,400,000 | 6.65000% | 0.01805% | 6.63195% | NAP | 19,103.36 |
28 | Loan | | 1 | Burbank Self Storage | 32,970 | SF | 36.37 | 1,200,000 | 1,199,095 | 1,027,885 | 6.35000% | 0.01805% | 6.33195% | 7,466.83 | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | 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.) |
| | | | | 9 | 9 | | | | | | | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | NAP | 3,307,508.28 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | NAP | 4,089,825.00 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | NAP | 3,097,384.92 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
3.01 | Property | | 1 | Ringgold | | | | | | | | | | |
3.02 | Property | | 1 | Laval | | | | | | | | | | |
3.03 | Property | | 1 | Loudon | | | | | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | | | | | | |
3.06 | Property | | 1 | Reading | | | | | | | | | | |
3.07 | Property | | 1 | Orrville | | | | | | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | | | | | | |
3.10 | Property | | 1 | Janesville | | | | | | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | | | | | | |
3.12 | Property | | 1 | Denver | | | | | | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | | | | | | |
3.16 | Property | | 1 | Brenham | | | | | | | | | | |
3.17 | Property | | 1 | Clinton | | | | | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | | | | | | |
3.19 | Property | | 1 | Rydal | | | | | | | | | | |
3.20 | Property | | 1 | Claremore | | | | | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | | | | | | |
3.22 | Property | | 1 | Decatur | | | | | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | | | | | | |
3.25 | Property | | 1 | Nashville | | | | | | | | | | |
3.26 | Property | | 1 | Louisville | | | | | | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | | | | | | |
3.29 | Property | | 1 | Centralia | | | | | | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | NAP | 2,749,109.04 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | NAP | 2,714,587.08 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | | | | | |
5.02 | Property | | 1 | Rockland | | | | | | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | | | | | | |
5.04 | Property | | 1 | Manchester | | | | | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | | | | | |
5.06 | Property | | 1 | Huntley | | | | | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAP | 3,009,222.24 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | NAP | 2,440,426.56 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
7.01 | Property | | 1 | Phoenix | | | | | | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | | | | | | |
7.03 | Property | | 1 | Joliet | | | | | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | NAP | 2,695,950.84 | Interest Only | No | Actual/360 | 120 | 107 | 120 | 107 | 0 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | 2,274,000.69 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 |
10 | Loan | | 1 | Bradley Fair | NAP | 1,942,104.12 | Interest Only | No | Actual/360 | 120 | 112 | 120 | 112 | 0 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | 1,923,330.48 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 |
12 | Loan | 31 | 1 | Springfield Center | NAP | 1,726,596.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | 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.) |
| | | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | NAP | 1,674,944.40 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | NAP | 937,847.28 | Interest Only | No | Actual/360 | 120 | 85 | 120 | 85 | 0 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | 1,315,824.96 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | 1,472,673.61 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 |
17 | Loan | 7, 12 | 1 | 500 Delaware | NAP | 981,444.48 | Interest Only | No | Actual/360 | 120 | 90 | 120 | 90 | 0 |
18 | Loan | 13, 16, 25 | 1 | Quantix | 1,333,417.92 | 1,136,003.04 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 59 | 120 | 119 | 360 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | NAP | 956,604.12 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 |
20 | Loan | 4, 7, 16 | 1 | Centene | NAP | 540,139.20 | Interest Only | No | Actual/360 | 120 | 78 | 120 | 78 | 0 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | NAP | 984,405.00 | Interest Only | No | Actual/360 | 120 | 116 | 120 | 116 | 0 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | 756,487.80 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
23 | Loan | | 1 | Corporate Circle | 744,144.24 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 300 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | NAP | 322,000.92 | Interest Only | No | Actual/360 | 120 | 85 | 120 | 85 | 0 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 715,644.96 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 |
26 | Loan | | 1 | 1702 West 1st Street | NAP | 260,513.64 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
27 | Loan | 15 | 1 | Airport Business Center | NAP | 229,240.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 |
28 | Loan | | 1 | Burbank Self Storage | 89,601.96 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) |
| | | | | | | | | | | | | 10 | 10 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 0 | 8/22/2024 | 2 | 1 | 10/1/2024 | NAP | 9/1/2034 | 9/1/2034 | 0 | 0 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 0 | 8/22/2024 | 2 | 6 | 10/6/2024 | NAP | 9/6/2034 | 9/6/2034 | 5 | 0 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 0 | 9/16/2024 | 1 | 6 | 11/6/2024 | NAP | 10/6/2034 | 10/6/2034 | 0 | 0 |
3.01 | Property | | 1 | Ringgold | | | | | | | | | | |
3.02 | Property | | 1 | Laval | | | | | | | | | | |
3.03 | Property | | 1 | Loudon | | | | | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | | | | | | |
3.06 | Property | | 1 | Reading | | | | | | | | | | |
3.07 | Property | | 1 | Orrville | | | | | | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | | | | | | |
3.10 | Property | | 1 | Janesville | | | | | | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | | | | | | |
3.12 | Property | | 1 | Denver | | | | | | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | | | | | | |
3.16 | Property | | 1 | Brenham | | | | | | | | | | |
3.17 | Property | | 1 | Clinton | | | | | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | | | | | | |
3.19 | Property | | 1 | Rydal | | | | | | | | | | |
3.20 | Property | | 1 | Claremore | | | | | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | | | | | | |
3.22 | Property | | 1 | Decatur | | | | | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | | | | | | |
3.25 | Property | | 1 | Nashville | | | | | | | | | | |
3.26 | Property | | 1 | Louisville | | | | | | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | | | | | | |
3.29 | Property | | 1 | Centralia | | | | | | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 0 | 9/10/2024 | 1 | 6 | 11/6/2024 | NAP | 10/6/2034 | 10/6/2034 | 0 | 0 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 0 | 10/9/2024 | 0 | 6 | 12/6/2024 | NAP | 11/6/2034 | 11/6/2034 | 10 | 1 time 5 day grace |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | | | | | |
5.02 | Property | | 1 | Rockland | | | | | | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | | | | | | |
5.04 | Property | | 1 | Manchester | | | | | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | | | | | |
5.06 | Property | | 1 | Huntley | | | | | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 0 | 10/10/2024 | 0 | 5 | 12/5/2024 | NAP | 11/5/2034 | 11/5/2034 | 0 | 0 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 0 | 9/27/2024 | 1 | 6 | 11/6/2024 | NAP | 10/6/2034 | 10/6/2034 | 0 | 0 |
7.01 | Property | | 1 | Phoenix | | | | | | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | | | | | | |
7.03 | Property | | 1 | Joliet | | | | | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 0 | 9/28/2023 | 13 | 5 | 11/5/2023 | NAP | 10/5/2033 | 10/5/2033 | 0 | 0 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 0 | 8/5/2024 | 3 | 6 | 9/6/2024 | NAP | 8/6/2034 | 8/6/2034 | 0 | 0 |
10 | Loan | | 1 | Bradley Fair | 0 | 2/12/2024 | 8 | 5 | 4/5/2024 | NAP | 3/5/2034 | 3/5/2034 | 0 | 0 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 0 | 10/8/2024 | 0 | 6 | 12/6/2024 | NAP | 11/6/2034 | 11/6/2034 | 10 | 1 time 5 day grace |
12 | Loan | 31 | 1 | Springfield Center | 0 | 9/18/2024 | 1 | 6 | 11/6/2024 | NAP | 10/6/2034 | 10/6/2034 | 0 | 0 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) |
| | | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 0 | 9/19/2024 | 1 | 5 | 11/5/2024 | NAP | 10/5/2034 | 10/5/2034 | 0 | 0 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 0 | 12/3/2021 | 35 | 5 | 1/5/2022 | NAP | 12/5/2031 | 12/5/2031 | 0 | 0 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 0 | 10/7/2024 | 0 | 6 | 12/6/2024 | NAP | 11/6/2034 | 11/6/2034 | 0 | 0 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 0 | 8/23/2024 | 2 | 6 | 10/6/2024 | NAP | 9/6/2034 | 9/6/2034 | 0 | 0 |
17 | Loan | 7, 12 | 1 | 500 Delaware | 0 | 4/7/2022 | 30 | 5 | 6/5/2022 | NAP | 5/5/2032 | 5/5/2032 | 0 | 0 |
18 | Loan | 13, 16, 25 | 1 | Quantix | 360 | 9/20/2024 | 1 | 6 | 11/6/2024 | 11/6/2029 | 10/6/2034 | 10/6/2034 | 0 | 0 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 0 | 7/26/2024 | 3 | 6 | 9/6/2024 | NAP | 8/6/2034 | 8/6/2034 | 0 | 0 |
20 | Loan | 4, 7, 16 | 1 | Centene | 0 | 5/4/2021 | 42 | 5 | 6/5/2021 | NAP | 5/5/2031 | 5/5/2031 | 0 | 0 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 0 | 6/17/2024 | 4 | 1 | 8/1/2024 | NAP | 7/1/2034 | 7/1/2034 | 0 | 0 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 0 | 10/3/2024 | 1 | 5 | 11/5/2024 | NAP | 10/5/2034 | 10/5/2034 | 0 | 0 |
23 | Loan | | 1 | Corporate Circle | 299 | 9/30/2024 | 1 | 6 | 11/6/2024 | 11/6/2024 | 10/6/2034 | 10/6/2034 | 0 | 0 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 0 | 11/10/2021 | 35 | 5 | 1/5/2022 | NAP | 12/5/2031 | 12/5/2031 | 0 | 0 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 360 | 10/10/2024 | 0 | 6 | 12/6/2024 | 12/6/2024 | 11/6/2034 | 11/6/2034 | 0 | 0 |
26 | Loan | | 1 | 1702 West 1st Street | 0 | 9/30/2024 | 1 | 6 | 11/6/2024 | NAP | 10/6/2034 | 10/6/2034 | 0 | 0 |
27 | Loan | 15 | 1 | Airport Business Center | 0 | 9/25/2024 | 1 | 6 | 11/6/2024 | NAP | 10/6/2034 | 10/6/2034 | 0 | 0 |
28 | Loan | | 1 | Burbank Self Storage | 359 | 9/11/2024 | 1 | 6 | 11/6/2024 | 11/6/2024 | 10/6/2034 | 10/6/2034 | 0 | 0 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) |
| | | | | 12 | | | 31 | 16 | | | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | L(26),D(87),O(7) | 46,686,244 | 19,671,880 | 27,014,364 | 6/30/2024 | T-12 | 47,188,133 | 19,365,485 | 27,822,648 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | L(26),DorYM1(87),O(7) | 18,120,856 | 5,343,710 | 12,777,146 | 6/30/2024 | T-12 | 17,831,332 | 5,210,649 | 12,620,683 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | L(25),D(88),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.01 | Property | | 1 | Ringgold | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.02 | Property | | 1 | Laval | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.03 | Property | | 1 | Loudon | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.04 | Property | | 1 | Salt Lake City | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.05 | Property | | 1 | Morgantown | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.06 | Property | | 1 | Reading | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.07 | Property | | 1 | Orrville | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.08 | Property | | 1 | Riverside I | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.09 | Property | | 1 | Spring Hill | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.10 | Property | | 1 | Janesville | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.11 | Property | | 1 | Sturgis II | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.12 | Property | | 1 | Denver | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.13 | Property | | 1 | Sturgis I | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.14 | Property | | 1 | Social Circle | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.15 | Property | | 1 | Caldwell | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.16 | Property | | 1 | Brenham | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.17 | Property | | 1 | Clinton | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.18 | Property | | 1 | Ehrenberg | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.19 | Property | | 1 | Rydal | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.20 | Property | | 1 | Claremore | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.21 | Property | | 1 | West Palm Beach | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.22 | Property | | 1 | Decatur | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.23 | Property | | 1 | North Salt Lake | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.24 | Property | | 1 | Ephrata | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.25 | Property | | 1 | Nashville | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.26 | Property | | 1 | Louisville | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.27 | Property | | 1 | Riverside II | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.28 | Property | | 1 | Corsicana | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.29 | Property | | 1 | Centralia | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.30 | Property | | 1 | Indianapolis | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.31 | Property | | 1 | Elkhart | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | L(25),D(90),O(5) | 7,436,629 | 1,941,362 | 5,495,267 | 6/30/2024 | T-12 | 7,436,715 | 1,922,213 | 5,514,501 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | L(24),DorYM1(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.01 | Property | | 1 | Milwaukee 7777 | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.02 | Property | | 1 | Rockland | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.03 | Property | | 1 | Madison Heights | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.04 | Property | | 1 | Manchester | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.05 | Property | | 1 | Milwaukee 7676 | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.06 | Property | | 1 | Huntley | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | L(24),D(92),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | YM1(25),DorYM1(88),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7.01 | Property | | 1 | Phoenix | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7.02 | Property | | 1 | Lufkin | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7.03 | Property | | 1 | Joliet | | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
8 | Loan | 7, 26 | 1 | Creekside Town Center | L(37),D(78),O(5) | 10,551,923 | 2,475,582 | 8,076,341 | 8/31/2024 | T-12 | 9,604,742 | 2,390,218 | 7,214,525 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | L(9),YM1(107),O(4) | 5,462,187 | 2,339,294 | 3,122,893 | 6/30/2024 | T-12 | 5,219,926 | 2,212,373 | 3,007,553 |
10 | Loan | | 1 | Bradley Fair | L(32),DorYM1(81),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | L(24),DorYM1(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
12 | Loan | 31 | 1 | Springfield Center | L(25),D(88),O(7) | 4,152,442 | 989,118 | 3,163,324 | 6/30/2024 | T-12 | 4,287,283 | 951,096 | 3,336,187 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | L(25),DorYM1(90),O(5) | 3,964,028 | 1,420,802 | 2,543,226 | 6/30/2024 | T-12 | 4,867,585 | 1,400,667 | 3,466,919 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | L(59),D(57),O(4) | 11,010,119 | 2,527,996 | 8,482,123 | 6/30/2024 | T-12 | 10,940,682 | 2,672,217 | 8,268,464 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | L(24),D(89),O(7) | 2,889,670 | 1,368,398 | 1,521,272 | 7/31/2024 | T-12 | 2,833,894 | 1,353,691 | 1,480,203 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | L(9),YM1(107),O(4) | 3,313,508 | 1,122,976 | 2,190,532 | 6/30/2024 | T-12 | 3,185,141 | 1,083,802 | 2,101,339 |
17 | Loan | 7, 12 | 1 | 500 Delaware | L(35),D(78),O(7) | 12,732,238 | 4,671,205 | 8,061,033 | 8/31/2024 | T-12 | 12,566,170 | 4,712,188 | 7,853,982 |
18 | Loan | 13, 16, 25 | 1 | Quantix | YM1(25),DorYM1(88),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | L(27),D(86),O(7) | 99,370,667 | 69,105,823 | 30,264,845 | 4/30/2024 | T-12 | 94,844,651 | 66,725,487 | 28,119,164 |
20 | Loan | 4, 7, 16 | 1 | Centene | L(35),D(79),O(6) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | L(28),D(85),O(7) | 57,265,658 | 13,528,222 | 43,737,436 | 3/31/2024 | T-12 | 54,686,327 | 13,617,086 | 41,069,241 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | L(25),D(88),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
23 | Loan | | 1 | Corporate Circle | L(11),YM1(14),DorYM1(88),O(7) | 2,891,313 | 1,327,823 | 1,563,490 | 6/30/2024 | T-12 | 2,733,640 | 1,259,071 | 1,474,569 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | L(35),DorYM1(80),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | L(24),D(91),O(5) | 3,932,878 | 2,411,506 | 1,521,372 | 8/31/2024 | T-12 | 3,958,849 | 2,508,951 | 1,449,898 |
26 | Loan | | 1 | 1702 West 1st Street | L(25),YM1(89),O(6) | 654,436 | 305,676 | 348,759 | 7/31/2024 | T-12 | 649,255 | 306,322 | 342,932 |
27 | Loan | 15 | 1 | Airport Business Center | L(25),YM1(90),O(5) | 305,627 | 225,774 | 79,853 | 7/31/2024 | T-12 | 409,929 | 226,109 | 183,819 |
28 | Loan | | 1 | Burbank Self Storage | L(25),D(91),O(4) | 793,391 | 296,086 | 497,305 | 7/31/2024 | T-12 | 751,306 | 330,950 | 420,356 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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, 4, 7, 12, 13 | 1 | Newport Centre | 12/31/2023 | T-12 | 46,432,352 | 19,030,158 | 27,402,194 | 12/31/2022 | T-12 | 95.4% | 47,183,709 | 18,421,481 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 12/31/2023 | T-12 | 17,846,624 | 4,896,477 | 12,950,147 | 12/31/2022 | T-12 | 94.4% | 18,132,998 | 5,360,546 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 21,558,358 | 646,751 |
3.01 | Property | | 1 | Ringgold | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,524,358 | 75,731 |
3.02 | Property | | 1 | Laval | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,703,206 | 51,096 |
3.03 | Property | | 1 | Loudon | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,513,613 | 45,408 |
3.04 | Property | | 1 | Salt Lake City | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,064,383 | 31,931 |
3.05 | Property | | 1 | Morgantown | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,287,678 | 38,630 |
3.06 | Property | | 1 | Reading | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 742,555 | 22,277 |
3.07 | Property | | 1 | Orrville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 903,600 | 27,108 |
3.08 | Property | | 1 | Riverside I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 692,331 | 20,770 |
3.09 | Property | | 1 | Spring Hill | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 945,783 | 28,374 |
3.10 | Property | | 1 | Janesville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 848,505 | 25,455 |
3.11 | Property | | 1 | Sturgis II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 931,045 | 27,931 |
3.12 | Property | | 1 | Denver | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 787,826 | 23,635 |
3.13 | Property | | 1 | Sturgis I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 804,114 | 24,123 |
3.14 | Property | | 1 | Social Circle | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 589,972 | 17,699 |
3.15 | Property | | 1 | Caldwell | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 521,725 | 15,652 |
3.16 | Property | | 1 | Brenham | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 643,892 | 19,317 |
3.17 | Property | | 1 | Clinton | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 522,804 | 15,684 |
3.18 | Property | | 1 | Ehrenberg | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 479,657 | 14,390 |
3.19 | Property | | 1 | Rydal | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 500,837 | 15,025 |
3.20 | Property | | 1 | Claremore | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 536,874 | 16,106 |
3.21 | Property | | 1 | West Palm Beach | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 383,822 | 11,515 |
3.22 | Property | | 1 | Decatur | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 309,449 | 9,283 |
3.23 | Property | | 1 | North Salt Lake | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 358,804 | 10,764 |
3.24 | Property | | 1 | Ephrata | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 383,610 | 11,508 |
3.25 | Property | | 1 | Nashville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 286,836 | 8,605 |
3.26 | Property | | 1 | Louisville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 267,709 | 8,031 |
3.27 | Property | | 1 | Riverside II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 165,725 | 4,972 |
3.28 | Property | | 1 | Corsicana | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 409,848 | 12,295 |
3.29 | Property | | 1 | Centralia | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 206,526 | 6,196 |
3.30 | Property | | 1 | Indianapolis | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 167,415 | 5,022 |
3.31 | Property | | 1 | Elkhart | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 73,857 | 2,216 |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 12/31/2023 | T-12 | 7,405,283 | 1,882,855 | 5,522,428 | 12/31/2022 | T-12 | 90.0% | 7,348,911 | 1,769,494 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4,892,500 | 0 |
5.01 | Property | | 1 | Milwaukee 7777 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.02 | Property | | 1 | Rockland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.03 | Property | | 1 | Madison Heights | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.04 | Property | | 1 | Manchester | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.05 | Property | | 1 | Milwaukee 7676 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
5.06 | Property | | 1 | Huntley | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 5,649,751 | 169,493 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 6,449,744 | 2,003,355 |
7.01 | Property | | 1 | Phoenix | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 4,239,886 | 1,257,197 |
7.02 | Property | | 1 | Lufkin | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,910,519 | 682,310 |
7.03 | Property | | 1 | Joliet | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 299,339 | 63,849 |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 12/31/2022 | T-12 | 9,186,860 | 2,304,172 | 6,882,688 | 12/31/2021 | T-12 | 95.3% | 10,764,587 | 2,658,944 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 12/31/2023 | T-12 | 4,731,194 | 2,195,010 | 2,536,184 | 12/31/2022 | T-12 | 95.2% | 5,462,187 | 2,503,705 |
10 | Loan | | 1 | Bradley Fair | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 2,016,936 | 0 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 3,851,936 | 265,556 |
12 | Loan | 31 | 1 | Springfield Center | 12/31/2023 | T-12 | 5,204,820 | 1,042,308 | 4,162,513 | 12/31/2022 | T-12 | 95.1% | 4,988,869 | 975,970 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Underwritten Expenses ($) |
| | | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 12/31/2023 | T-12 | 5,294,609 | 1,331,987 | 3,962,622 | 12/31/2022 | T-12 | 79.8% | 5,451,102 | 1,723,832 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 12/31/2023 | T-12 | 11,480,478 | 2,846,617 | 8,633,861 | 12/31/2022 | T-12 | 94.8% | 10,989,992 | 2,572,238 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 12/31/2023 | T-12 | 2,520,175 | 1,431,133 | 1,089,041 | 12/31/2022 | T-12 | 94.9% | 2,994,852 | 1,346,931 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 12/31/2023 | T-12 | 2,959,067 | 1,041,851 | 1,917,216 | 12/31/2022 | T-12 | 90.2% | 3,313,508 | 1,220,558 |
17 | Loan | 7, 12 | 1 | 500 Delaware | 12/31/2023 | T-12 | 11,996,082 | 4,131,135 | 7,864,947 | 12/31/2022 | T-12 | 93.3% | 12,812,825 | 4,200,782 |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,155,615 | 599,513 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 12/31/2023 | T-12 | 93,704,479 | 62,651,235 | 31,053,244 | 12/31/2022 | T-12 | 63.2% | 99,267,457 | 69,043,990 |
20 | Loan | 4, 7, 16 | 1 | Centene | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 6,993,609 | 2,810,270 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 12/31/2023 | T-12 | 55,175,531 | 14,530,759 | 40,644,772 | 12/31/2022 | T-12 | 97.9% | 58,524,018 | 13,633,655 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1,495,420 | 44,863 |
23 | Loan | | 1 | Corporate Circle | 12/31/2023 | T-12 | 2,896,950 | 1,493,149 | 1,403,801 | 12/31/2022 | T-12 | 95.0% | 3,006,961 | 1,377,560 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 99.0% | 1,837,380 | 275,507 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 12/31/2023 | T-12 | 4,044,010 | 2,591,977 | 1,452,033 | 12/31/2022 | T-12 | 71.6% | 3,932,878 | 2,559,321 |
26 | Loan | | 1 | 1702 West 1st Street | 12/31/2023 | T-12 | 662,116 | 307,965 | 354,151 | 12/31/2022 | T-12 | 97.0% | 664,133 | 321,378 |
27 | Loan | 15 | 1 | Airport Business Center | 12/31/2023 | T-12 | 734,526 | 248,099 | 486,427 | 12/31/2022 | T-12 | 84.1% | 632,621 | 223,775 |
28 | Loan | | 1 | Burbank Self Storage | 12/31/2023 | T-12 | 715,803 | 302,648 | 413,156 | 12/31/2022 | T-12 | 90.7% | 793,391 | 297,326 |
BMO 2024-C10
Annex A
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 ($) |
| | | | | 31 | | 15 | | 7, 14 | 7, 14 | 7, 18 | 7, 18 | 5 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 28,762,228 | 193,237 | 966,186 | 27,602,805 | 2.78 | 2.66 | 15.3% | 14.7% | 436,800,000 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 12,772,452 | 122,685 | 479,261 | 12,170,506 | 2.20 | 2.10 | 15.0% | 14.3% | 143,100,000 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 20,911,608 | 0 | 0 | 20,911,608 | 2.62 | 2.62 | 15.0% | 15.0% | 348,250,000 |
3.01 | Property | | 1 | Ringgold | 2,448,627 | 0 | 0 | 2,448,627 | | | | | 47,000,000 |
3.02 | Property | | 1 | Laval | 1,652,110 | 0 | 0 | 1,652,110 | | | | | 26,830,000 |
3.03 | Property | | 1 | Loudon | 1,468,204 | 0 | 0 | 1,468,204 | | | | | 23,800,000 |
3.04 | Property | | 1 | Salt Lake City | 1,032,452 | 0 | 0 | 1,032,452 | | | | | 20,800,000 |
3.05 | Property | | 1 | Morgantown | 1,249,047 | 0 | 0 | 1,249,047 | | | | | 19,100,000 |
3.06 | Property | | 1 | Reading | 720,278 | 0 | 0 | 720,278 | | | | | 16,100,000 |
3.07 | Property | | 1 | Orrville | 876,492 | 0 | 0 | 876,492 | | | | | 13,300,000 |
3.08 | Property | | 1 | Riverside I | 671,562 | 0 | 0 | 671,562 | | | | | 13,700,000 |
3.09 | Property | | 1 | Spring Hill | 917,410 | 0 | 0 | 917,410 | | | | | 12,900,000 |
3.10 | Property | | 1 | Janesville | 823,050 | 0 | 0 | 823,050 | | | | | 12,400,000 |
3.11 | Property | | 1 | Sturgis II | 903,114 | 0 | 0 | 903,114 | | | | | 12,700,000 |
3.12 | Property | | 1 | Denver | 764,191 | 0 | 0 | 764,191 | | | | | 11,500,000 |
3.13 | Property | | 1 | Sturgis I | 779,990 | 0 | 0 | 779,990 | | | | | 11,000,000 |
3.14 | Property | | 1 | Social Circle | 572,273 | 0 | 0 | 572,273 | | | | | 9,200,000 |
3.15 | Property | | 1 | Caldwell | 506,073 | 0 | 0 | 506,073 | | | | | 8,900,000 |
3.16 | Property | | 1 | Brenham | 624,575 | 0 | 0 | 624,575 | | | | | 8,600,000 |
3.17 | Property | | 1 | Clinton | 507,120 | 0 | 0 | 507,120 | | | | | 7,900,000 |
3.18 | Property | | 1 | Ehrenberg | 465,267 | 0 | 0 | 465,267 | | | | | 7,900,000 |
3.19 | Property | | 1 | Rydal | 485,812 | 0 | 0 | 485,812 | | | | | 7,300,000 |
3.20 | Property | | 1 | Claremore | 520,767 | 0 | 0 | 520,767 | | | | | 6,800,000 |
3.21 | Property | | 1 | West Palm Beach | 372,307 | 0 | 0 | 372,307 | | | | | 6,150,000 |
3.22 | Property | | 1 | Decatur | 300,165 | 0 | 0 | 300,165 | | | | | 5,800,000 |
3.23 | Property | | 1 | North Salt Lake | 348,040 | 0 | 0 | 348,040 | | | | | 5,700,000 |
3.24 | Property | | 1 | Ephrata | 372,102 | 0 | 0 | 372,102 | | | | | 5,600,000 |
3.25 | Property | | 1 | Nashville | 278,231 | 0 | 0 | 278,231 | | | | | 4,500,000 |
3.26 | Property | | 1 | Louisville | 259,678 | 0 | 0 | 259,678 | | | | | 4,300,000 |
3.27 | Property | | 1 | Riverside II | 160,754 | 0 | 0 | 160,754 | | | | | 3,900,000 |
3.28 | Property | | 1 | Corsicana | 397,553 | 0 | 0 | 397,553 | | | | | 6,700,000 |
3.29 | Property | | 1 | Centralia | 200,330 | 0 | 0 | 200,330 | | | | | 3,970,000 |
3.30 | Property | | 1 | Indianapolis | 162,393 | 0 | 0 | 162,393 | | | | | 2,650,000 |
3.31 | Property | | 1 | Elkhart | 71,641 | 0 | 0 | 71,641 | | | | | 1,250,000 |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 5,579,417 | 59,641 | 153,850 | 5,365,926 | 2.03 | 1.95 | 12.6% | 12.1% | 85,000,000 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 4,892,500 | 0 | 0 | 4,892,500 | 1.80 | 1.80 | 11.6% | 11.6% | 66,900,000 |
5.01 | Property | | 1 | Milwaukee 7777 | NAV | NAV | NAV | NAV | | | | | 18,200,000 |
5.02 | Property | | 1 | Rockland | NAV | NAV | NAV | NAV | | | | | 15,300,000 |
5.03 | Property | | 1 | Madison Heights | NAV | NAV | NAV | NAV | | | | | 11,400,000 |
5.04 | Property | | 1 | Manchester | NAV | NAV | NAV | NAV | | | | | 10,500,000 |
5.05 | Property | | 1 | Milwaukee 7676 | NAV | NAV | NAV | NAV | | | | | 5,380,000 |
5.06 | Property | | 1 | Huntley | NAV | NAV | NAV | NAV | | | | | 3,360,000 |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 5,480,258 | 0 | 0 | 5,480,258 | 1.82 | 1.82 | 13.7% | 13.7% | 76,600,000 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 4,446,388 | 145,638 | 193,482 | 4,107,268 | 1.82 | 1.68 | 11.5% | 10.6% | 60,450,000 |
7.01 | Property | | 1 | Phoenix | 2,982,689 | 101,608 | 126,860 | 2,754,220 | | | | | 40,300,000 |
7.02 | Property | | 1 | Lufkin | 1,228,209 | 37,251 | 57,777 | 1,133,181 | | | | | 17,000,000 |
7.03 | Property | | 1 | Joliet | 235,490 | 6,778 | 8,844 | 219,867 | | | | | 3,150,000 |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 8,105,643 | 54,134 | 20,668 | 8,030,841 | 1.54 | 1.52 | 11.3% | 11.2% | 125,600,000 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 2,958,482 | 125,000 | 0 | 2,833,482 | 1.30 | 1.25 | 10.4% | 9.9% | 47,800,000 |
10 | Loan | | 1 | Bradley Fair | 2,016,936 | 0 | 0 | 2,016,936 | 1.04 | 1.04 | 6.7% | 6.7% | 40,000,000 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 3,586,380 | 0 | 0 | 3,586,380 | 1.86 | 1.86 | 12.1% | 12.1% | 69,600,000 |
12 | Loan | 31 | 1 | Springfield Center | 4,012,899 | 26,505 | 200,219 | 3,786,175 | 2.32 | 2.19 | 13.8% | 13.0% | 49,300,000 |
BMO 2024-C10
Annex A
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 ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 3,727,269 | 0 | 0 | 3,727,269 | 2.23 | 2.23 | 13.3% | 13.3% | 51,700,000 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 8,417,754 | 74,495 | 47,476 | 8,295,782 | 2.36 | 2.33 | 8.9% | 8.7% | 153,000,000 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 1,647,921 | 17,441 | 4,204 | 1,626,276 | 1.25 | 1.24 | 7.8% | 7.7% | 31,400,000 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 2,092,950 | 89,000 | 0 | 2,003,950 | 1.42 | 1.36 | 10.1% | 9.7% | 32,800,000 |
17 | Loan | 7, 12 | 1 | 500 Delaware | 8,612,042 | 74,244 | 108,995 | 8,428,803 | 2.06 | 2.02 | 10.1% | 9.9% | 125,700,000 |
18 | Loan | 13, 16, 25 | 1 | Quantix | 2,556,102 | 55,904 | 93,808 | 2,406,389 | 1.92 | 1.80 | 14.0% | 13.2% | 32,650,000 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 30,223,467 | 3,766,975 | 0 | 26,456,492 | 4.30 | 3.76 | 24.2% | 21.2% | 318,800,000 |
20 | Loan | 4, 7, 16 | 1 | Centene | 4,183,339 | 29,197 | 145,983 | 4,008,160 | 2.58 | 2.47 | 8.9% | 8.6% | 78,700,000 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 44,890,363 | 290,215 | 2,047,768 | 42,552,379 | 2.83 | 2.68 | 18.0% | 17.0% | 548,000,000 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 1,450,558 | 10,883 | 0 | 1,439,674 | 1.92 | 1.90 | 12.3% | 12.3% | 23,500,000 |
23 | Loan | | 1 | Corporate Circle | 1,629,400 | 24,263 | 121,316 | 1,483,821 | 2.19 | 1.99 | 17.5% | 16.0% | 15,600,000 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 1,561,873 | 21,019 | 0 | 1,540,854 | 2.43 | 2.39 | 8.6% | 8.5% | 26,900,000 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 1,373,557 | 157,315 | 0 | 1,216,242 | 1.92 | 1.70 | 16.2% | 14.3% | 15,500,000 |
26 | Loan | | 1 | 1702 West 1st Street | 342,755 | 10,500 | 0 | 332,255 | 1.32 | 1.28 | 8.9% | 8.7% | 5,800,000 |
27 | Loan | 15 | 1 | Airport Business Center | 408,846 | 5,596 | 4,848 | 398,401 | 1.78 | 1.74 | 12.0% | 11.7% | 6,840,000 |
28 | Loan | | 1 | Burbank Self Storage | 496,065 | 0 | 0 | 496,065 | 5.54 | 5.54 | 41.4% | 41.4% | 9,140,000 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value Type | 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 |
| | | | | | | 5, 7, 18 | 5, 7, 18 | 3,4 | | | 4, 21, 22, 23, 28 | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | As Is | 7/11/2024 | 43.0% | 43.0% | 92.5% | 7/29/2024 | No | Macy's | 229,889 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | As Is | 6/12/2024 | 59.4% | 59.4% | 98.9% | 8/2/2024 | No | JCPenney | 91,776 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | As Is | Various | 39.9% | 39.9% | 100.0% | Various | | | |
3.01 | Property | | 1 | Ringgold | As Is | 8/15/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Olson | 878,000 |
3.02 | Property | | 1 | Laval | As Is | 8/15/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 117,533 |
3.03 | Property | | 1 | Loudon | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Olson | 334,024 |
3.04 | Property | | 1 | Salt Lake City | As Is | 8/16/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 109,914 |
3.05 | Property | | 1 | Morgantown | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 246,843 |
3.06 | Property | | 1 | Reading | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 323,381 |
3.07 | Property | | 1 | Orrville | As Is | 8/14/2024 | | | 100.0% | 9/1/2024 | No | Morgan Truck | 301,524 |
3.08 | Property | | 1 | Riverside I | As Is | 8/9/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 66,000 |
3.09 | Property | | 1 | Spring Hill | As Is | 8/13/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 80,400 |
3.10 | Property | | 1 | Janesville | As Is | 8/1/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 196,098 |
3.11 | Property | | 1 | Sturgis II | As Is | 8/14/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Olson | 204,555 |
3.12 | Property | | 1 | Denver | As Is | 8/12/2024 | | | 100.0% | 9/1/2024 | No | Morgan Truck | 58,285 |
3.13 | Property | | 1 | Sturgis I | As Is | 8/14/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Olson | 175,700 |
3.14 | Property | | 1 | Social Circle | As Is | 8/15/2024 | | | 100.0% | 11/6/2024 | Yes | Masterack LLC | 200,342 |
3.15 | Property | | 1 | Caldwell | As Is | 8/14/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 37,100 |
3.16 | Property | | 1 | Brenham | As Is | 8/13/2024 | | | 100.0% | 11/6/2024 | Yes | MIC Group LLC | 128,225 |
3.17 | Property | | 1 | Clinton | As Is | 8/13/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 17,552 |
3.18 | Property | | 1 | Ehrenberg | As Is | 8/9/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 120,416 |
3.19 | Property | | 1 | Rydal | As Is | 8/15/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 102,697 |
3.20 | Property | | 1 | Claremore | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 101,498 |
3.21 | Property | | 1 | West Palm Beach | As Is | 8/13/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 24,890 |
3.22 | Property | | 1 | Decatur | As Is | 8/1/2024 | | | 100.0% | 11/6/2024 | Yes | EFP LLC | 183,804 |
3.23 | Property | | 1 | North Salt Lake | As Is | 8/16/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 26,145 |
3.24 | Property | | 1 | Ephrata | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 55,198 |
3.25 | Property | | 1 | Nashville | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 18,144 |
3.26 | Property | | 1 | Louisville | As Is | 8/14/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 26,325 |
3.27 | Property | | 1 | Riverside II | As Is | 8/9/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 137,214 |
3.28 | Property | | 1 | Corsicana | As Is | 8/15/2024 | | | 100.0% | 11/6/2024 | Yes | Morgan Truck | 75,616 |
3.29 | Property | | 1 | Centralia | As Is | 8/14/2024 | | | 100.0% | 11/6/2024 | Yes | Leer | 47,826 |
3.30 | Property | | 1 | Indianapolis | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Reading Truck | 28,364 |
3.31 | Property | | 1 | Elkhart | As Is | 8/12/2024 | | | 100.0% | 11/6/2024 | Yes | Leer | 16,855 |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | As Is | 7/23/2024 | 52.3% | 52.3% | 93.2% | 9/9/2024 | No | JCPenney | 105,607 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | As Portfolio | 9/10/2024 | 62.9% | 62.9% | 100.0% | 11/6/2024 | | | |
5.01 | Property | | 1 | Milwaukee 7777 | As Is | 8/28/2024 | | | 100.0% | 11/6/2024 | Yes | Douglas Dynamics | 215,242 |
5.02 | Property | | 1 | Rockland | As Is | 8/29/2024 | | | 100.0% | 11/6/2024 | Yes | Douglas Dynamics | 203,640 |
5.03 | Property | | 1 | Madison Heights | As Is | 9/10/2024 | | | 100.0% | 11/6/2024 | Yes | Douglas Dynamics | 116,045 |
5.04 | Property | | 1 | Manchester | As Is | 8/26/2024 | | | 100.0% | 11/6/2024 | Yes | Douglas Dynamics | 169,286 |
5.05 | Property | | 1 | Milwaukee 7676 | As Is | 8/28/2024 | | | 100.0% | 11/6/2024 | Yes | Douglas Dynamics | 60,038 |
5.06 | Property | | 1 | Huntley | As Is | 8/26/2024 | | | 100.0% | 11/6/2024 | Yes | Douglas Dynamics | 27,332 |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | As Is | 1/30/2024 | 52.2% | 52.2% | 100.0% | 11/5/2024 | Yes | MycoWorks | 135,939 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | As Is | Various | 64.1% | 64.1% | 100.0% | 11/6/2024 | | | |
7.01 | Property | | 1 | Phoenix | As Is | 8/19/2024 | | | 100.0% | 11/6/2024 | Yes | Sterling Lumber Parent, LLC | 596,566 |
7.02 | Property | | 1 | Lufkin | As Is | 8/21/2024 | | | 100.0% | 11/6/2024 | Yes | Sterling Lumber Parent, LLC | 369,505 |
7.03 | Property | | 1 | Joliet | As Is | 8/19/2024 | | | 100.0% | 11/6/2024 | Yes | Sterling Lumber Parent, LLC | 24,951 |
8 | Loan | 7, 26 | 1 | Creekside Town Center | As Is | 8/25/2023 | 56.9% | 56.9% | 95.6% | 7/31/2024 | No | Best Buy | 46,005 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | As Is | 7/10/2024 | 59.6% | 59.6% | 97.2% | 7/31/2024 | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | As Is | 12/20/2023 | 75.0% | 75.0% | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | As Is | 8/16/2024 | 42.7% | 42.7% | 100.0% | 11/6/2024 | Yes | Tropicale Foods | 210,028 |
12 | Loan | 31 | 1 | Springfield Center | As Is | 8/1/2024 | 59.1% | 59.1% | 100.0% | 8/28/2024 | No | Bob's Discount Furniture | 37,809 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value Type | 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 |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | As Is | 5/30/2024 | 54.2% | 54.2% | 78.4% | 8/14/2024 | No | Lifespire | 33,260 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | As Is | 8/10/2021 | 62.1% | 62.1% | 95.3% | 6/30/2024 | No | Regal Entertainment Group | 59,800 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | As Is | 9/9/2024 | 66.9% | 66.9% | 96.3% | 9/18/2024 | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | As Is | 7/10/2024 | 63.3% | 63.3% | 95.2% | 8/31/2024 | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | As Is | 3/3/2022 | 67.6% | 67.6% | 92.6% | 9/1/2024 | No | Wilmington Savings Fund Society, FSB | 81,154 |
18 | Loan | 13, 16, 25 | 1 | Quantix | As Is | 8/6/2024 | 56.0% | 52.5% | 100.0% | 11/6/2024 | Yes | Quantix | 431,566 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | As Is | 6/4/2024 | 39.2% | 39.2% | 63.2% | 4/30/2024 | NAP | NAP | NAP |
20 | Loan | 4, 7, 16 | 1 | Centene | As Is | 3/9/2021 | 59.5% | 59.5% | 100.0% | 11/5/2024 | Yes | Centene | 145,983 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | As Is | 5/13/2024 | 45.6% | 45.6% | 96.2% | 5/9/2024 | No | Bass Pro Shops Outdoor World | 177,063 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | As Is | 8/5/2024 | 50.0% | 50.0% | 100.0% | 11/5/2024 | Yes | Stop & Shop | 54,416 |
23 | Loan | | 1 | Corporate Circle | As Is | 7/30/2024 | 59.5% | 46.7% | 96.7% | 8/31/2024 | No | UBS Financial Services, Inc. | 17,476 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | As Is | 8/18/2021 | 67.7% | 67.7% | 100.0% | 11/5/2024 | Yes | Webb Enterprises | 140,125 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | Hypothetical As If Complete Today | 8/14/2024 | 54.8% | 48.5% | 71.6% | 8/31/2024 | NAP | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | As Is | 9/18/2024 | 66.1% | 66.1% | 100.0% | 9/24/2024 | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | As Is | 8/27/2024 | 49.7% | 49.7% | 84.0% | 8/1/2024 | No | 365 Retail Markets | 12,398 |
28 | Loan | | 1 | Burbank Self Storage | As Is | 8/12/2024 | 13.1% | 11.2% | 96.0% | 7/31/2024 | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant |
| | | | | | | 4, 21, 22, 23, 28 | | | | 4, 21, 22, 23, 28 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 23.8% | 1/29/2028 | Sears (Dick's House of Sport & Primark) | 192,000 | 19.9% | 10/31/2027 | Kohl's |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 19.1% | 3/31/2033 | Cinemark | 62,118 | 13.0% | 11/30/2026 | DICK'S Sporting Goods |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | | | | | | | |
3.01 | Property | | 1 | Ringgold | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | Laval | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Loudon | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.04 | Property | | 1 | Salt Lake City | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.05 | Property | | 1 | Morgantown | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.06 | Property | | 1 | Reading | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.07 | Property | | 1 | Orrville | 86.9% | 12/31/2039 | JLG Industries | 45,500 | 13.1% | 8/28/2028 | NAP |
3.08 | Property | | 1 | Riverside I | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.09 | Property | | 1 | Spring Hill | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.10 | Property | | 1 | Janesville | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.11 | Property | | 1 | Sturgis II | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.12 | Property | | 1 | Denver | 59.2% | 12/31/2039 | Lippert Components Manufacturing | 40,200 | 40.8% | 6/30/2028 | NAP |
3.13 | Property | | 1 | Sturgis I | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.14 | Property | | 1 | Social Circle | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.15 | Property | | 1 | Caldwell | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.16 | Property | | 1 | Brenham | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.17 | Property | | 1 | Clinton | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.18 | Property | | 1 | Ehrenberg | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.19 | Property | | 1 | Rydal | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.20 | Property | | 1 | Claremore | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.21 | Property | | 1 | West Palm Beach | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.22 | Property | | 1 | Decatur | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.23 | Property | | 1 | North Salt Lake | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.24 | Property | | 1 | Ephrata | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.25 | Property | | 1 | Nashville | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.26 | Property | | 1 | Louisville | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.27 | Property | | 1 | Riverside II | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.28 | Property | | 1 | Corsicana | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.29 | Property | | 1 | Centralia | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.30 | Property | | 1 | Indianapolis | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
3.31 | Property | | 1 | Elkhart | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 26.6% | 3/31/2029 | Publix | 60,951 | 15.3% | 10/6/2038 | K&G Men's Company |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | | | | | | | |
5.01 | Property | | 1 | Milwaukee 7777 | 100.0% | 10/31/2039 | NAP | NAP | NAP | NAP | NAP |
5.02 | Property | | 1 | Rockland | 100.0% | 10/31/2039 | NAP | NAP | NAP | NAP | NAP |
5.03 | Property | | 1 | Madison Heights | 100.0% | 10/31/2039 | NAP | NAP | NAP | NAP | NAP |
5.04 | Property | | 1 | Manchester | 100.0% | 10/31/2039 | NAP | NAP | NAP | NAP | NAP |
5.05 | Property | | 1 | Milwaukee 7676 | 100.0% | 10/31/2039 | NAP | NAP | NAP | NAP | NAP |
5.06 | Property | | 1 | Huntley | 100.0% | 10/31/2039 | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 100.0% | 9/1/2053 | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | | | | | | | |
7.01 | Property | | 1 | Phoenix | 100.0% | 8/31/2044 | NAP | NAP | NAP | NAP | NAP |
7.02 | Property | | 1 | Lufkin | 100.0% | 8/31/2044 | NAP | NAP | NAP | NAP | NAP |
7.03 | Property | | 1 | Joliet | 100.0% | 8/31/2044 | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 12.7% | 1/31/2026 | Burlington Coat Factory | 37,212 | 10.3% | 1/31/2026 | Bob's Discount Furniture |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 100.0% | 9/30/2045 | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | 21.4% | 5/31/2034 | The Tile Shop | 30,145 | 17.1% | 6/30/2028 | DSW |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant |
| | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 35.9% | 10/31/2042 | MTA | 17,647 | 19.0% | 12/31/2034 | Foot Locker |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 16.1% | 4/30/2029 | LA Fitness | 50,322 | 13.5% | 6/30/2034 | Hobby Lobby |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | 21.9% | 12/31/2025 | Morris James LLP | 68,553 | 18.5% | 5/31/2026 | Sargent & Lundy, LLC |
18 | Loan | 13, 16, 25 | 1 | Quantix | 100.0% | 7/31/2044 | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 4, 7, 16 | 1 | Centene | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 10.9% | 3/24/2029 | AMC Theatres | 108,733 | 6.7% | 12/31/2024 | Fieldhouse USA |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 100.0% | 4/30/2029 | NAP | NAP | NAP | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | 14.4% | 12/31/2027 | ADCAP Management Inc. | 14,255 | 11.8% | 4/30/2029 | Visconsi Companies LTD |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 100.0% | 12/31/2032 | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | 35.4% | 6/30/2031 | Stout Excavating Group | 9,489 | 27.1% | 3/31/2027 | Summit BHC San Antonio |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant |
| | | | | | | | 4, 21, 22, 23, 28 | | | | 4, 21, 22, 23, 28 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 144,654 | 15.0% | 1/29/2028 | AMC Theatres | 45,165 | 4.7% | 1/31/2026 | H&M |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 49,965 | 10.4% | 1/31/2029 | Barnes & Noble | 25,221 | 5.3% | 1/31/2025 | Candeeland Kids Cafe |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | | | | | | | | |
3.01 | Property | | 1 | Ringgold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | Laval | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Loudon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.04 | Property | | 1 | Salt Lake City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.05 | Property | | 1 | Morgantown | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.06 | Property | | 1 | Reading | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.07 | Property | | 1 | Orrville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.08 | Property | | 1 | Riverside I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.09 | Property | | 1 | Spring Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.10 | Property | | 1 | Janesville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.11 | Property | | 1 | Sturgis II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.12 | Property | | 1 | Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.13 | Property | | 1 | Sturgis I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.14 | Property | | 1 | Social Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.15 | Property | | 1 | Caldwell | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.16 | Property | | 1 | Brenham | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.17 | Property | | 1 | Clinton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.18 | Property | | 1 | Ehrenberg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.19 | Property | | 1 | Rydal | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.20 | Property | | 1 | Claremore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.21 | Property | | 1 | West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.22 | Property | | 1 | Decatur | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.23 | Property | | 1 | North Salt Lake | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.24 | Property | | 1 | Ephrata | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.25 | Property | | 1 | Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.26 | Property | | 1 | Louisville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.27 | Property | | 1 | Riverside II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.28 | Property | | 1 | Corsicana | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.29 | Property | | 1 | Centralia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.30 | Property | | 1 | Indianapolis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.31 | Property | | 1 | Elkhart | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 22,854 | 5.7% | 2/29/2028 | PetSmart | 20,547 | 5.2% | 2/28/2029 | Michael's |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | | | | | | | | |
5.01 | Property | | 1 | Milwaukee 7777 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.02 | Property | | 1 | Rockland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.03 | Property | | 1 | Madison Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.04 | Property | | 1 | Manchester | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.05 | Property | | 1 | Milwaukee 7676 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.06 | Property | | 1 | Huntley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | | | | | | | | |
7.01 | Property | | 1 | Phoenix | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.02 | Property | | 1 | Lufkin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.03 | Property | | 1 | Joliet | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 34,456 | 9.5% | 5/31/2032 | Nordstrom Rack | 32,794 | 9.1% | 8/31/2026 | Marshalls |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | 27,891 | 15.8% | 1/31/2030 | Michael's | 24,866 | 14.1% | 2/28/2026 | Barnes & Noble |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant |
| | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 5,350 | 5.8% | 1/31/2032 | City MD | 4,579 | 4.9% | 1/30/2033 | Apple Bank |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 44,060 | 11.8% | 6/30/2028 | Ross Dress For Less | 25,920 | 7.0% | 1/31/2028 | Sprouts |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | 47,441 | 12.8% | 10/31/2027 | United States Postal Service | 33,526 | 9.0% | 1/31/2027 | General Services Administration |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 4, 7, 16 | 1 | Centene | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 106,207 | 6.5% | 1/31/2027 | Burlington | 100,102 | 6.1% | 1/31/2028 | Round 1 Bowling and Amusement |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | 10,004 | 8.2% | 7/31/2026 | Wells Fargo CPG BE #112400 | 9,156 | 7.5% | 11/30/2030 | KeyBank National Association |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | 4,289 | 12.3% | 10/31/2028 | Harland Clarke Corp | 3,200 | 9.1% | 4/30/2026 | NAP |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone |
| | | | | | | | | | | | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 26,863 | 2.8% | 1/31/2030 | 7/18/2024 | NAP | 7/18/2024 | NAP | NAP | Yes - AE |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 10,515 | 2.2% | 11/30/2034 | 7/3/2024 | NAP | 7/3/2024 | 8/13/2024 | 10% | No |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | | | | | | | | | |
3.01 | Property | | 1 | Ringgold | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.02 | Property | | 1 | Laval | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.03 | Property | | 1 | Loudon | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.04 | Property | | 1 | Salt Lake City | NAP | NAP | NAP | 8/19/2024 | NAP | 8/26/2024 | 8/26/2024 | 10% | No |
3.05 | Property | | 1 | Morgantown | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | Yes - A |
3.06 | Property | | 1 | Reading | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.07 | Property | | 1 | Orrville | NAP | NAP | NAP | 8/23/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.08 | Property | | 1 | Riverside I | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | 8/26/2024 | 14% | No |
3.09 | Property | | 1 | Spring Hill | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.10 | Property | | 1 | Janesville | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.11 | Property | | 1 | Sturgis II | NAP | NAP | NAP | 8/22/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.12 | Property | | 1 | Denver | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.13 | Property | | 1 | Sturgis I | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.14 | Property | | 1 | Social Circle | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.15 | Property | | 1 | Caldwell | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.16 | Property | | 1 | Brenham | NAP | NAP | NAP | 8/23/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.17 | Property | | 1 | Clinton | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.18 | Property | | 1 | Ehrenberg | NAP | NAP | NAP | 8/23/2024 | NAP | 8/26/2024 | 9/3/2024 | 5% | No |
3.19 | Property | | 1 | Rydal | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.20 | Property | | 1 | Claremore | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.21 | Property | | 1 | West Palm Beach | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.22 | Property | | 1 | Decatur | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.23 | Property | | 1 | North Salt Lake | NAP | NAP | NAP | 8/20/2024 | NAP | 8/26/2024 | 8/26/2024 | 8% | No |
3.24 | Property | | 1 | Ephrata | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.25 | Property | | 1 | Nashville | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.26 | Property | | 1 | Louisville | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.27 | Property | | 1 | Riverside II | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.28 | Property | | 1 | Corsicana | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.29 | Property | | 1 | Centralia | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | 8/26/2024 | 7% | No |
3.30 | Property | | 1 | Indianapolis | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
3.31 | Property | | 1 | Elkhart | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 20,356 | 5.1% | 7/31/2029 | 7/24/2024 | NAP | 7/24/2024 | NAP | NAP | No |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | | | | | | | | | |
5.01 | Property | | 1 | Milwaukee 7777 | NAP | NAP | NAP | 9/3/2024 | NAP | 7/23/2024 | NAP | NAP | No |
5.02 | Property | | 1 | Rockland | NAP | NAP | NAP | 7/25/2024 | NAP | 7/23/2024 | NAP | NAP | No |
5.03 | Property | | 1 | Madison Heights | NAP | NAP | NAP | 7/23/2024 | NAP | 7/23/2024 | NAP | NAP | No |
5.04 | Property | | 1 | Manchester | NAP | NAP | NAP | 7/24/2024 | NAP | 7/23/2024 | NAP | NAP | No |
5.05 | Property | | 1 | Milwaukee 7676 | NAP | NAP | NAP | 9/3/2024 | NAP | 7/23/2024 | NAP | NAP | No |
5.06 | Property | | 1 | Huntley | NAP | NAP | NAP | 7/23/2024 | NAP | 7/23/2024 | NAP | NAP | Yes - AE |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAP | NAP | NAP | 2/1/2024 | NAP | 2/7/2024 | NAP | NAP | No |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | | | | | | | | | |
7.01 | Property | | 1 | Phoenix | NAP | NAP | NAP | 9/11/2024 | NAP | 9/5/2024 | NAP | NAP | No |
7.02 | Property | | 1 | Lufkin | NAP | NAP | NAP | 9/11/2024 | NAP | 9/5/2024 | NAP | NAP | Yes - A |
7.03 | Property | | 1 | Joliet | NAP | NAP | NAP | 9/11/2024 | NAP | 9/11/2024 | NAP | NAP | No |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 30,709 | 8.5% | 1/31/2027 | 8/2/2023 | NAP | 6/22/2023 | 9/14/2023 | 3% | No |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | NAP | 7/22/2024 | NAP | 7/24/2024 | NAP | NAP | No |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | NAP | 12/21/2023 | NAP | 11/28/2023 | NAP | NAP | No |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | NAP | NAP | 8/28/2024 | NAP | 8/28/2024 | NAP | NAP | Yes -AE |
12 | Loan | 31 | 1 | Springfield Center | 22,320 | 12.6% | 2/28/2035 | 7/29/2024 | NAP | 7/29/2024 | NAP | NAP | No |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 3,035 | 3.3% | 6/30/2039 | 6/3/2024 | NAP | 6/3/2024 | NAP | NAP | No |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 25,252 | 6.8% | 9/30/2034 | 9/15/2021 | NAP | 8/19/2021 | 8/19/2021 | 10% | No |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | NAP | 9/17/2024 | NAP | 9/17/2024 | NAP | NAP | No |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | NAP | 7/24/2024 | NAP | 7/24/2024 | NAP | NAP | No |
17 | Loan | 7, 12 | 1 | 500 Delaware | 25,684 | 6.9% | 8/25/2026 | 3/8/2022 | NAP | 3/8/2022 | NAP | NAP | No |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAP | NAP | NAP | 4/3/2024 | NAP | 7/22/2024 | NAP | NAP | Yes - AE |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | NAP | NAP | NAP | 7/12/2024 | NAP | 6/24/2024 | NAP | NAP | Yes - A |
20 | Loan | 4, 7, 16 | 1 | Centene | NAP | NAP | NAP | 3/5/2021 | NAP | 3/5/2021 | NAP | NAP | Yes - AH |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 80,649 | 5.0% | 1/31/2027 | 5/21/2024 | NAP | 5/21/2024 | NAP | NAP | No |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | NAP | NAP | 8/7/2024 | NAP | 8/7/2024 | NAP | NAP | No |
23 | Loan | | 1 | Corporate Circle | 9,094 | 7.5% | 11/13/2029 | 8/2/2024 | NAP | 8/2/2024 | NAP | NAP | No |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | NAP | NAP | NAP | 9/8/2021 | NAP | 8/30/2021 | NAP | NAP | No |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | NAP | NAP | NAP | 8/22/2024 | NAP | 8/22/2024 | NAP | NAP | No |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | NAP | 8/13/2024 | NAP | 8/13/2024 | NAP | NAP | No |
27 | Loan | 15 | 1 | Airport Business Center | NAP | NAP | NAP | 9/6/2024 | NAP | 9/6/2024 | NAP | NAP | No |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | NAP | 8/19/2024 | NAP | 8/19/2024 | 8/19/2024 | 13% | No |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) |
| | | | | 17 | | | | | 18 | 19 | 18 | 19 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | | | | | | 0 | Springing | 0 | Springing |
3.01 | Property | | 1 | Ringgold | Fee | NAP | NAP | NAP | NAP | | | | |
3.02 | Property | | 1 | Laval | Fee | NAP | NAP | NAP | NAP | | | | |
3.03 | Property | | 1 | Loudon | Fee | NAP | NAP | NAP | NAP | | | | |
3.04 | Property | | 1 | Salt Lake City | Fee | NAP | NAP | NAP | NAP | | | | |
3.05 | Property | | 1 | Morgantown | Fee | NAP | NAP | NAP | NAP | | | | |
3.06 | Property | | 1 | Reading | Fee | NAP | NAP | NAP | NAP | | | | |
3.07 | Property | | 1 | Orrville | Fee | NAP | NAP | NAP | NAP | | | | |
3.08 | Property | | 1 | Riverside I | Fee | NAP | NAP | NAP | NAP | | | | |
3.09 | Property | | 1 | Spring Hill | Fee | NAP | NAP | NAP | NAP | | | | |
3.10 | Property | | 1 | Janesville | Fee | NAP | NAP | NAP | NAP | | | | |
3.11 | Property | | 1 | Sturgis II | Fee | NAP | NAP | NAP | NAP | | | | |
3.12 | Property | | 1 | Denver | Fee | NAP | NAP | NAP | NAP | | | | |
3.13 | Property | | 1 | Sturgis I | Fee | NAP | NAP | NAP | NAP | | | | |
3.14 | Property | | 1 | Social Circle | Fee | NAP | NAP | NAP | NAP | | | | |
3.15 | Property | | 1 | Caldwell | Fee | NAP | NAP | NAP | NAP | | | | |
3.16 | Property | | 1 | Brenham | Fee | NAP | NAP | NAP | NAP | | | | |
3.17 | Property | | 1 | Clinton | Fee | NAP | NAP | NAP | NAP | | | | |
3.18 | Property | | 1 | Ehrenberg | Fee | NAP | NAP | NAP | NAP | | | | |
3.19 | Property | | 1 | Rydal | Fee | NAP | NAP | NAP | NAP | | | | |
3.20 | Property | | 1 | Claremore | Fee | NAP | NAP | NAP | NAP | | | | |
3.21 | Property | | 1 | West Palm Beach | Fee | NAP | NAP | NAP | NAP | | | | |
3.22 | Property | | 1 | Decatur | Fee | NAP | NAP | NAP | NAP | | | | |
3.23 | Property | | 1 | North Salt Lake | Fee | NAP | NAP | NAP | NAP | | | | |
3.24 | Property | | 1 | Ephrata | Fee | NAP | NAP | NAP | NAP | | | | |
3.25 | Property | | 1 | Nashville | Fee | NAP | NAP | NAP | NAP | | | | |
3.26 | Property | | 1 | Louisville | Fee | NAP | NAP | NAP | NAP | | | | |
3.27 | Property | | 1 | Riverside II | Fee | NAP | NAP | NAP | NAP | | | | |
3.28 | Property | | 1 | Corsicana | Fee | NAP | NAP | NAP | NAP | | | | |
3.29 | Property | | 1 | Centralia | Fee | NAP | NAP | NAP | NAP | | | | |
3.30 | Property | | 1 | Indianapolis | Fee | NAP | NAP | NAP | NAP | | | | |
3.31 | Property | | 1 | Elkhart | Fee | NAP | NAP | NAP | NAP | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | Fee | NAP | NAP | NAP | NAP | 325,047 | 46,435 | 0 | Springing |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | | | | | | 0 | Springing | 0 | Springing |
5.01 | Property | | 1 | Milwaukee 7777 | Fee | NAP | NAP | NAP | NAP | | | | |
5.02 | Property | | 1 | Rockland | Fee | NAP | NAP | NAP | NAP | | | | |
5.03 | Property | | 1 | Madison Heights | Fee | NAP | NAP | NAP | NAP | | | | |
5.04 | Property | | 1 | Manchester | Fee | NAP | NAP | NAP | NAP | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | Fee | NAP | NAP | NAP | NAP | | | | |
5.06 | Property | | 1 | Huntley | Fee | NAP | NAP | NAP | NAP | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | | | | | | 0 | Springing | 0 | Springing |
7.01 | Property | | 1 | Phoenix | Fee | NAP | NAP | NAP | NAP | | | | |
7.02 | Property | | 1 | Lufkin | Fee | NAP | NAP | NAP | NAP | | | | |
7.03 | Property | | 1 | Joliet | Fee | NAP | NAP | NAP | NAP | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | Fee | NAP | NAP | NAP | NAP | 104,378 | 104,378 | 20,555 | 20,555 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | Fee | NAP | NAP | NAP | NAP | 563,117 | 70,390 | 73,938 | 14,057 |
10 | Loan | | 1 | Bradley Fair | Fee | NAP | NAP | NAP | NAP | 0 | 0 | 0 | 0 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
12 | Loan | 31 | 1 | Springfield Center | Fee | NAP | NAP | NAP | NAP | 286,122 | 47,687 | 0 | Springing |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | Fee | NAP | NAP | NAP | NAP | 186,574 | 62,191 | 0 | Springing |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | Fee | NAP | NAP | NAP | NAP | 0 | 111,540 | 0 | Springing |
15 | Loan | 3 | 1 | 236-244 East 13th Street | Fee | NAP | NAP | NAP | NAP | 0 | 58,673 | 0 | Springing |
16 | Loan | 25 | 1 | Quail Meadows Apartments | Fee | NAP | NAP | NAP | NAP | 235,133 | 26,126 | 57,665 | 10,131 |
17 | Loan | 7, 12 | 1 | 500 Delaware | Fee | NAP | NAP | NAP | NAP | 831,885 | 108,403 | 0 | Springing |
18 | Loan | 13, 16, 25 | 1 | Quantix | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | Fee / Leasehold | 7/30/2057 | None | 100 | No | 0 | Springing | 0 | Springing |
20 | Loan | 4, 7, 16 | 1 | Centene | Fee | NAP | NAP | NAP | NAP | 452,320 | 64,617 | 48,840 | 24,420 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
23 | Loan | | 1 | Corporate Circle | Fee | NAP | NAP | NAP | NAP | 157,069 | 39,267 | 0 | Springing |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | Fee | NAP | NAP | NAP | NAP | 140,729 | 35,182 | 91,152 | 7,012 |
26 | Loan | | 1 | 1702 West 1st Street | Fee | NAP | NAP | NAP | NAP | 86,900 | 12,700 | 32,227 | 3,227 |
27 | Loan | 15 | 1 | Airport Business Center | Fee | NAP | NAP | NAP | NAP | 119,365 | 9,947 | 0 | Springing |
28 | Loan | | 1 | Burbank Self Storage | Fee | NAP | NAP | NAP | NAP | 14,461 | 1,607 | 6,097 | 871 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) |
| | | | | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 0 | Springing | 191,704 | 0 | Springing | 958,522 | 0 | 0 | 0 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
3.01 | Property | | 1 | Ringgold | | | | | | | | | |
3.02 | Property | | 1 | Laval | | | | | | | | | |
3.03 | Property | | 1 | Loudon | | | | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | | | | | |
3.06 | Property | | 1 | Reading | | | | | | | | | |
3.07 | Property | | 1 | Orrville | | | | | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | | | | | |
3.10 | Property | | 1 | Janesville | | | | | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | | | | | |
3.12 | Property | | 1 | Denver | | | | | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | | | | | |
3.16 | Property | | 1 | Brenham | | | | | | | | | |
3.17 | Property | | 1 | Clinton | | | | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | | | | | |
3.19 | Property | | 1 | Rydal | | | | | | | | | |
3.20 | Property | | 1 | Claremore | | | | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | | | | | |
3.22 | Property | | 1 | Decatur | | | | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | | | | | |
3.25 | Property | | 1 | Nashville | | | | | | | | | |
3.26 | Property | | 1 | Louisville | | | | | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | | | | | |
3.29 | Property | | 1 | Centralia | | | | | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 250,000 | Springing | 250,000 | 1,250,000 | Springing | 1,250,000 | 0 | 0 | 0 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 0 | Springing | 13,193 | 0 | Springing | 65,965 | 0 | 0 | 0 |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | | | | |
5.02 | Property | | 1 | Rockland | | | | | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | | | | | |
5.04 | Property | | 1 | Manchester | | | | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | | | | |
5.06 | Property | | 1 | Huntley | | | | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
7.01 | Property | | 1 | Phoenix | | | | | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | | | | | |
7.03 | Property | | 1 | Joliet | | | | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 0 | 0 | 0 | 2,500,000 | Springing | 1,500,000 | 0 | 0 | 0 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 0 | 10,417 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
10 | Loan | | 1 | Bradley Fair | 0 | 0 | 0 | 0 | 0 | 0 | 474,420 | 0 | 0 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 0 | Springing | 3,500 | 0 | Springing | 17,502 | 0 | 0 | 0 |
12 | Loan | 31 | 1 | Springfield Center | 0 | 2,209 | 0 | 0 | 8,099 | 500,000 | 0 | 0 | 0 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 0 | 1,544 | 0 | 1,300,000 | Springing | 1,000,000 | 0 | 0 | 0 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 0 | 5,983 | 1,250,000 | 3,250,000 | 29,917 | 1,250,000 | 0 | 0 | 0 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 0 | 1,453 | 0 | 0 | 350 | 0 | 0 | 0 | 0 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 0 | 7,417 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | Loan | 7, 12 | 1 | 500 Delaware | 0 | 7,734 | 464,040 | 2,779,031 | 46,403 | 3,000,000 | 0 | 0 | 0 |
18 | Loan | 13, 16, 25 | 1 | Quantix | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 0 | 3.0% of Gross Revenue | 0 | 0 | 0 | 0 | 0 | Springing | 0 |
20 | Loan | 4, 7, 16 | 1 | Centene | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 0 | Springing | 0 | 0 | 241,846 | 5,804,300 | 0 | 0 | 0 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 0 | 0 | 0 | 0 | 0 | 0 | 126,427 | 0 | 0 |
23 | Loan | | 1 | Corporate Circle | 0 | 2,022 | 0 | 0 | 10,110 | 0 | 0 | 0 | 0 |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | Loan | | 1 | 1702 West 1st Street | 875 | 875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
27 | Loan | 15 | 1 | Airport Business Center | 467 | 467 | 0 | 200,000 | Springing | 100,000 | 0 | 0 | 0 |
28 | Loan | | 1 | Burbank Self Storage | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description |
| | | | | 18 | 18 | 19 | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 0 | 0 | 0 | |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 0 | 167,463 | 0 | Outstanding TI/LC Reserve |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 0 | 0 | 0 | |
3.01 | Property | | 1 | Ringgold | | | | |
3.02 | Property | | 1 | Laval | | | | |
3.03 | Property | | 1 | Loudon | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | |
3.05 | Property | | 1 | Morgantown | | | | |
3.06 | Property | | 1 | Reading | | | | |
3.07 | Property | | 1 | Orrville | | | | |
3.08 | Property | | 1 | Riverside I | | | | |
3.09 | Property | | 1 | Spring Hill | | | | |
3.10 | Property | | 1 | Janesville | | | | |
3.11 | Property | | 1 | Sturgis II | | | | |
3.12 | Property | | 1 | Denver | | | | |
3.13 | Property | | 1 | Sturgis I | | | | |
3.14 | Property | | 1 | Social Circle | | | | |
3.15 | Property | | 1 | Caldwell | | | | |
3.16 | Property | | 1 | Brenham | | | | |
3.17 | Property | | 1 | Clinton | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | |
3.19 | Property | | 1 | Rydal | | | | |
3.20 | Property | | 1 | Claremore | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | |
3.22 | Property | | 1 | Decatur | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | |
3.24 | Property | | 1 | Ephrata | | | | |
3.25 | Property | | 1 | Nashville | | | | |
3.26 | Property | | 1 | Louisville | | | | |
3.27 | Property | | 1 | Riverside II | | | | |
3.28 | Property | | 1 | Corsicana | | | | |
3.29 | Property | | 1 | Centralia | | | | |
3.30 | Property | | 1 | Indianapolis | | | | |
3.31 | Property | | 1 | Elkhart | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 0 | 1,692,199 | 0 | Existing TI/LC Reserve (Upfront: $1,660,826), Rent Concession Reserve (Upfront: $31,373) |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 0 | 0 | 0 | |
5.01 | Property | | 1 | Milwaukee 7777 | | | | |
5.02 | Property | | 1 | Rockland | | | | |
5.03 | Property | | 1 | Madison Heights | | | | |
5.04 | Property | | 1 | Manchester | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | |
5.06 | Property | | 1 | Huntley | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 0 | 0 | Springing | Low DSCR Cure Reserve (Monthly: Springing), Partial Release Reserve (Monthly: Springing), MycoWorks LOC Reserve (Monthly: Springing) |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 0 | 0 | 0 | |
7.01 | Property | | 1 | Phoenix | | | | |
7.02 | Property | | 1 | Lufkin | | | | |
7.03 | Property | | 1 | Joliet | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 0 | 185,505 | Springing | Outstanding TI/LC Reserve (Upfront: $185,505.15), DSCR Trigger Reserve (Monthly: Springing) |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 47,180 | 2,500,000 | 0 | Performance Reserve |
10 | Loan | | 1 | Bradley Fair | 0 | 0 | 0 | |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 0 | 0 | 0 | |
12 | Loan | 31 | 1 | Springfield Center | 458,763 | 0 | 0 | |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description |
| | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 0 | 8,135,870 | Springing | Earnout Reserve (Upfront: $5,000,000), Outstanding TI/LC Reserve (Upfront: $2,440,000), Rent Replication Reserve (Upfront: $606,385.54), Taco Bell Reserve (Upfront: $89,484), Lease Sweep Reserve (Monthly: Springing) |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 0 | 0 | 0 | |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 0 | 0 | 0 | |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 377,230 | 0 | 0 | |
17 | Loan | 7, 12 | 1 | 500 Delaware | 0 | 0 | 0 | |
18 | Loan | 13, 16, 25 | 1 | Quantix | 0 | 0 | 0 | |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 0 | 650,000 | Springing | Seasonal Working Capital Reserve (Upfront: $650,000, Monthly: Springing, Cap: $3,250,000), Custodial Funds and Hotel Tax Reserve (Monthly: Springing), Refundable Advance Payments Reserve (Monthly: Springing), PIP Reserve (Monthly: Springing) |
20 | Loan | 4, 7, 16 | 1 | Centene | 0 | 0 | 0 | |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 0 | 0 | 0 | |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 0 | 0 | 0 | |
23 | Loan | | 1 | Corporate Circle | 0 | 0 | Springing | Low Debt Yield Cure Reserve |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 0 | 475,000 | 5,928 | Debt Service Supplement Reserve |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 0 | 2,255,340 | 0 | PIP Reserve ($1,255,340), Economic Performance Reserve ($1,000,000) |
26 | Loan | | 1 | 1702 West 1st Street | 0 | 0 | 0 | |
27 | Loan | 15 | 1 | Airport Business Center | 0 | 14,206 | 0 | Rent Concession Reserve |
28 | Loan | | 1 | Burbank Self Storage | 0 | 0 | 0 | |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
| | | | | 20 | 18 | 18 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 0 | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 0 | NAP | NAP |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 0 | NAP | NAP |
3.01 | Property | | 1 | Ringgold | | | |
3.02 | Property | | 1 | Laval | | | |
3.03 | Property | | 1 | Loudon | | | |
3.04 | Property | | 1 | Salt Lake City | | | |
3.05 | Property | | 1 | Morgantown | | | |
3.06 | Property | | 1 | Reading | | | |
3.07 | Property | | 1 | Orrville | | | |
3.08 | Property | | 1 | Riverside I | | | |
3.09 | Property | | 1 | Spring Hill | | | |
3.10 | Property | | 1 | Janesville | | | |
3.11 | Property | | 1 | Sturgis II | | | |
3.12 | Property | | 1 | Denver | | | |
3.13 | Property | | 1 | Sturgis I | | | |
3.14 | Property | | 1 | Social Circle | | | |
3.15 | Property | | 1 | Caldwell | | | |
3.16 | Property | | 1 | Brenham | | | |
3.17 | Property | | 1 | Clinton | | | |
3.18 | Property | | 1 | Ehrenberg | | | |
3.19 | Property | | 1 | Rydal | | | |
3.20 | Property | | 1 | Claremore | | | |
3.21 | Property | | 1 | West Palm Beach | | | |
3.22 | Property | | 1 | Decatur | | | |
3.23 | Property | | 1 | North Salt Lake | | | |
3.24 | Property | | 1 | Ephrata | | | |
3.25 | Property | | 1 | Nashville | | | |
3.26 | Property | | 1 | Louisville | | | |
3.27 | Property | | 1 | Riverside II | | | |
3.28 | Property | | 1 | Corsicana | | | |
3.29 | Property | | 1 | Centralia | | | |
3.30 | Property | | 1 | Indianapolis | | | |
3.31 | Property | | 1 | Elkhart | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 0 | NAP | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 0 | NAP | NAP |
5.01 | Property | | 1 | Milwaukee 7777 | | | |
5.02 | Property | | 1 | Rockland | | | |
5.03 | Property | | 1 | Madison Heights | | | |
5.04 | Property | | 1 | Manchester | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | |
5.06 | Property | | 1 | Huntley | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 0 | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 0 | NAP | NAP |
7.01 | Property | | 1 | Phoenix | | | |
7.02 | Property | | 1 | Lufkin | | | |
7.03 | Property | | 1 | Joliet | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 0 | NAP | NAP |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 0 | 2,500,000 | $2,500,000 deposited into the Economic Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement |
10 | Loan | | 1 | Bradley Fair | 0 | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 0 | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | 0 | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
| | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 0 | 5,000,000 | $5,000,000 deposited into the Earnout Reserve to be distributed to the borrower upon certain conditions in the loan agreement |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 0 | NAP | NAP |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 0 | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | 0 | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | 0 | NAP | NAP |
18 | Loan | 13, 16, 25 | 1 | Quantix | 0 | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | Seasonal Working Capital Reserve ($3,250,000) | NAP | NAP |
20 | Loan | 4, 7, 16 | 1 | Centene | 0 | NAP | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 0 | NAP | NAP |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | 0 | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | 0 | NAP | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 0 | NAP | NAP |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 0 | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | 0 | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | 0 | NAP | NAP |
28 | Loan | | 1 | Burbank Self Storage | 0 | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) |
| | | | | 26 | 26 | | | | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | Hard | Springing | Yes | Yes | Yes | No | 60,000,000 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | Hard | Springing | Yes | No | Yes | Yes | 60,000,000 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | Hard | Springing | Yes | Yes | Yes | No | 54,070,000 |
3.01 | Property | | 1 | Ringgold | | | | | | | |
3.02 | Property | | 1 | Laval | | | | | | | |
3.03 | Property | | 1 | Loudon | | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | | | |
3.06 | Property | | 1 | Reading | | | | | | | |
3.07 | Property | | 1 | Orrville | | | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | | | |
3.10 | Property | | 1 | Janesville | | | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | | | |
3.12 | Property | | 1 | Denver | | | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | | | |
3.16 | Property | | 1 | Brenham | | | | | | | |
3.17 | Property | | 1 | Clinton | | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | | | |
3.19 | Property | | 1 | Rydal | | | | | | | |
3.20 | Property | | 1 | Claremore | | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | | | |
3.22 | Property | | 1 | Decatur | | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | | | |
3.25 | Property | | 1 | Nashville | | | | | | | |
3.26 | Property | | 1 | Louisville | | | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | | | |
3.29 | Property | | 1 | Centralia | | | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | Springing | Springing | Yes | Yes | No | NAP | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | Hard | Springing | No | Yes | No | NAP | NAP |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | | |
5.02 | Property | | 1 | Rockland | | | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | | | |
5.04 | Property | | 1 | Manchester | | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | | |
5.06 | Property | | 1 | Huntley | | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | Hard | In Place | Yes | Yes | No | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | Hard | Springing | Yes | Yes | No | NAP | NAP |
7.01 | Property | | 1 | Phoenix | | | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | | | |
7.03 | Property | | 1 | Joliet | | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | Springing | Springing | Yes | No | Yes | Yes | 36,525,000 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | Springing | Springing | Yes | No | No | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | Hard | In Place | No | No | No | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | Hard | Springing | No | Yes | No | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | Hard | Springing | Yes | Yes | No | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | 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 ($) |
| | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | Hard | Springing | Yes | Yes | No | NAP | NAP |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | Soft | Springing | Yes | Yes | Yes | No | 25,000,000 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | Soft (Residential); Hard (Commercial) | Springing | Yes | No | No | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | Springing | Springing | Yes | No | No | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | Hard | Springing | Yes | Yes | Yes | No | 20,000,000 |
18 | Loan | 13, 16, 25 | 1 | Quantix | Hard | Springing | Yes | Yes | No | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | Hard | Springing | Yes | No | Yes | No | 17,000,000 |
20 | Loan | 4, 7, 16 | 1 | Centene | Springing | Springing | Yes | Yes | Yes | No | 15,600,000 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | Hard | Springing | Yes | No | Yes | No | 15,500,000 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | Hard | In Place | Yes | Yes | No | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | Hard | Springing | Yes | No | No | NAP | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | Springing | Springing | Yes | Yes | Yes | No | 9,100,000 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | Springing | Springing | Yes | No | No | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | Springing | Springing | Yes | No | No | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | Springing | Springing | Yes | Yes | No | NAP | NAP |
28 | Loan | | 1 | Burbank Self Storage | Springing | Springing | No | No | No | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) |
| | | | | | 9 | 9 | | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 128,000,000 | 588,001.49 | 863,627.18 | NAP | NAP | 188,000,000 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 25,000,000 | 142,007.81 | 482,826.56 | NAP | NAP | 85,000,000 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 85,000,000 | 405,766.78 | 663,882.19 | NAP | NAP | 139,070,000 |
3.01 | Property | | 1 | Ringgold | | | | | | |
3.02 | Property | | 1 | Laval | | | | | | |
3.03 | Property | | 1 | Loudon | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | | |
3.06 | Property | | 1 | Reading | | | | | | |
3.07 | Property | | 1 | Orrville | | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | | |
3.10 | Property | | 1 | Janesville | | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | | |
3.12 | Property | | 1 | Denver | | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | | |
3.16 | Property | | 1 | Brenham | | | | | | |
3.17 | Property | | 1 | Clinton | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | | |
3.19 | Property | | 1 | Rydal | | | | | | |
3.20 | Property | | 1 | Claremore | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | | |
3.22 | Property | | 1 | Decatur | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | | |
3.25 | Property | | 1 | Nashville | | | | | | |
3.26 | Property | | 1 | Louisville | | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | | |
3.29 | Property | | 1 | Centralia | | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | |
5.02 | Property | | 1 | Rockland | | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | | |
5.04 | Property | | 1 | Manchester | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | |
5.06 | Property | | 1 | Huntley | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | | 1 | Phoenix | | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | | |
7.03 | Property | | 1 | Joliet | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 35,000,000 | 215,282.41 | 439,944.98 | NAP | NAP | 71,525,000 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) |
| | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 70,000,000 | 218,831.01 | 296,984.95 | NAP | NAP | 95,000,000 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | 65,000,000 | 265,807.87 | 347,594.91 | NAP | NAP | 85,000,000 |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 108,000,000 | 506,437.50 | 586,154.51 | NAP | NAP | 125,000,000 |
20 | Loan | 4, 7, 16 | 1 | Centene | 31,200,000 | 90,023.19 | 135,034.79 | NAP | NAP | 46,800,000 |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 234,500,000 | 1,241,091.25 | 1,323,125.00 | NAP | NAP | 250,000,000 |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 9,100,000 | 26,833.42 | 53,666.83 | NAP | NAP | 18,200,000 |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Whole Loan Monthly Debt Service ($) | 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($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) |
| | | | | 9 | | 14 | | | 13 | | 9 | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 863,627.18 | 43.0% | 2.66 | 15.3% | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 482,826.56 | 59.4% | 2.10 | 15.0% | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 663,882.19 | 39.9% | 2.62 | 15.0% | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | | 1 | Ringgold | | | | | | | | | |
3.02 | Property | | 1 | Laval | | | | | | | | | |
3.03 | Property | | 1 | Loudon | | | | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | | | | | |
3.06 | Property | | 1 | Reading | | | | | | | | | |
3.07 | Property | | 1 | Orrville | | | | | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | | | | | |
3.10 | Property | | 1 | Janesville | | | | | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | | | | | |
3.12 | Property | | 1 | Denver | | | | | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | | | | | |
3.16 | Property | | 1 | Brenham | | | | | | | | | |
3.17 | Property | | 1 | Clinton | | | | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | | | | | |
3.19 | Property | | 1 | Rydal | | | | | | | | | |
3.20 | Property | | 1 | Claremore | | | | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | | | | | |
3.22 | Property | | 1 | Decatur | | | | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | | | | | |
3.25 | Property | | 1 | Nashville | | | | | | | | | |
3.26 | Property | | 1 | Louisville | | | | | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | | | | | |
3.29 | Property | | 1 | Centralia | | | | | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | | | | |
5.02 | Property | | 1 | Rockland | | | | | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | | | | | |
5.04 | Property | | 1 | Manchester | | | | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | | | | |
5.06 | Property | | 1 | Huntley | | | | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAP | NAP | NAP | NAP | 10,000,000 | 14.00000% | 50,000,000 | 406,034.96 | 65.3% |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | | 1 | Phoenix | | | | | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | | | | | |
7.03 | Property | | 1 | Joliet | | | | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 439,944.98 | 56.9% | 1.52 | 11.3% | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 296,984.95 | 62.1% | 2.33 | 8.9% | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | 347,594.91 | 67.6% | 2.02 | 10.1% | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 586,154.51 | 39.2% | 3.76 | 24.2% | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 4, 7, 16 | 1 | Centene | 135,034.79 | 59.5% | 2.47 | 8.9% | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | 1,323,125.00 | 45.6% | 2.68 | 18.0% | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | 53,666.83 | 67.7% | 2.39 | 8.6% | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor |
| | | | | 14 | | 13 | 13 | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | NAP | NAP | No | NAP | LF Newport Jersey Limited Partnership and Simon Newport Limited Partnership |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | NAP | NAP | No | NAP | The Macerich Partnership, L.P. |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | NAP | NAP | No | NAP | J.B. Poindexter & Co., Inc. |
3.01 | Property | | 1 | Ringgold | | | | | |
3.02 | Property | | 1 | Laval | | | | | |
3.03 | Property | | 1 | Loudon | | | | | |
3.04 | Property | | 1 | Salt Lake City | | | | | |
3.05 | Property | | 1 | Morgantown | | | | | |
3.06 | Property | | 1 | Reading | | | | | |
3.07 | Property | | 1 | Orrville | | | | | |
3.08 | Property | | 1 | Riverside I | | | | | |
3.09 | Property | | 1 | Spring Hill | | | | | |
3.10 | Property | | 1 | Janesville | | | | | |
3.11 | Property | | 1 | Sturgis II | | | | | |
3.12 | Property | | 1 | Denver | | | | | |
3.13 | Property | | 1 | Sturgis I | | | | | |
3.14 | Property | | 1 | Social Circle | | | | | |
3.15 | Property | | 1 | Caldwell | | | | | |
3.16 | Property | | 1 | Brenham | | | | | |
3.17 | Property | | 1 | Clinton | | | | | |
3.18 | Property | | 1 | Ehrenberg | | | | | |
3.19 | Property | | 1 | Rydal | | | | | |
3.20 | Property | | 1 | Claremore | | | | | |
3.21 | Property | | 1 | West Palm Beach | | | | | |
3.22 | Property | | 1 | Decatur | | | | | |
3.23 | Property | | 1 | North Salt Lake | | | | | |
3.24 | Property | | 1 | Ephrata | | | | | |
3.25 | Property | | 1 | Nashville | | | | | |
3.26 | Property | | 1 | Louisville | | | | | |
3.27 | Property | | 1 | Riverside II | | | | | |
3.28 | Property | | 1 | Corsicana | | | | | |
3.29 | Property | | 1 | Centralia | | | | | |
3.30 | Property | | 1 | Indianapolis | | | | | |
3.31 | Property | | 1 | Elkhart | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | NAP | NAP | No | NAP | Robert V. Gothier, Jr. and Mark X. DiSanto |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | NAP | NAP | Yes | Future Mezzanine Loan | Angelo, Gordon & Co., L.P. and TPG, Inc. |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | |
5.02 | Property | | 1 | Rockland | | | | | |
5.03 | Property | | 1 | Madison Heights | | | | | |
5.04 | Property | | 1 | Manchester | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | |
5.06 | Property | | 1 | Huntley | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 1.12 | 11.0% | No | NAP | Philip W. Cyburt and Spencer C. Atkins |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | NAP | NAP | Yes | Future Mezzanine Loan | Angelo, Gordon & Co., L.P. and TPG, Inc. |
7.01 | Property | | 1 | Phoenix | | | | | |
7.02 | Property | | 1 | Lufkin | | | | | |
7.03 | Property | | 1 | Joliet | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | NAP | NAP | No | NAP | Cane Living Trust Dated February 17, 1981 and The Ronald and Mary Ellen Cane 1996 Irrevocable Trust |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | No | NAP | Gary W. Gates, Jr. |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | No | NAP | SDM Holdings LLC |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | NAP | Yes | Future Mezzanine Loan | Angelo, Gordon & Co., L.P. and TPG, Inc. |
12 | Loan | 31 | 1 | Springfield Center | NAP | NAP | No | NAP | Joseph R. Staugaard, III, Samuel M.V. Hamilton, III and Brian D. Hickey |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor |
| | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | NAP | NAP | No | NAP | Edward Blumenfeld |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | NAP | NAP | No | NAP | Eric Sahn |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | No | NAP | Amended and Restated 2013 LG Revocable Trust |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | No | NAP | Gary W. Gates, Jr. |
17 | Loan | 7, 12 | 1 | 500 Delaware | NAP | NAP | No | NAP | David Pollin, Robert Buccini and Christopher Buccini |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAP | NAP | Yes | Future Mezzanine Loan | Angelo, Gordon & Co., L.P. and TPG, Inc. |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | NAP | NAP | No | NAP | Grossman Company Properties, Inc. |
20 | Loan | 4, 7, 16 | 1 | Centene | NAP | NAP | No | NAP | Alejandro Velez |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | NAP | NAP | No | NAP | Simon Property Group, L.P. |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | NAP | No | NAP | Jeffrey S. Levien and David L. Stein |
23 | Loan | | 1 | Corporate Circle | NAP | NAP | No | NAP | Joseph Greenberg |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | NAP | NAP | No | NAP | Edward Blumenfeld and Parlux Holdings, Inc. |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | NAP | NAP | No | NAP | Nick Trivedi and Jon Trivedi |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | No | NAP | Maria Santomauro |
27 | Loan | 15 | 1 | Airport Business Center | NAP | NAP | No | NAP | Warren Zinn |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | No | NAP | Rafael Shachory |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) |
| | | | | 24 | | 33 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | Newport Associates Phase I Developers Limited Partnership | No | No |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | The Macerich Partnership, L.P. | No | No |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | John B. Poindexter | No | No |
3.01 | Property | | 1 | Ringgold | | | |
3.02 | Property | | 1 | Laval | | | |
3.03 | Property | | 1 | Loudon | | | |
3.04 | Property | | 1 | Salt Lake City | | | |
3.05 | Property | | 1 | Morgantown | | | |
3.06 | Property | | 1 | Reading | | | |
3.07 | Property | | 1 | Orrville | | | |
3.08 | Property | | 1 | Riverside I | | | |
3.09 | Property | | 1 | Spring Hill | | | |
3.10 | Property | | 1 | Janesville | | | |
3.11 | Property | | 1 | Sturgis II | | | |
3.12 | Property | | 1 | Denver | | | |
3.13 | Property | | 1 | Sturgis I | | | |
3.14 | Property | | 1 | Social Circle | | | |
3.15 | Property | | 1 | Caldwell | | | |
3.16 | Property | | 1 | Brenham | | | |
3.17 | Property | | 1 | Clinton | | | |
3.18 | Property | | 1 | Ehrenberg | | | |
3.19 | Property | | 1 | Rydal | | | |
3.20 | Property | | 1 | Claremore | | | |
3.21 | Property | | 1 | West Palm Beach | | | |
3.22 | Property | | 1 | Decatur | | | |
3.23 | Property | | 1 | North Salt Lake | | | |
3.24 | Property | | 1 | Ephrata | | | |
3.25 | Property | | 1 | Nashville | | | |
3.26 | Property | | 1 | Louisville | | | |
3.27 | Property | | 1 | Riverside II | | | |
3.28 | Property | | 1 | Corsicana | | | |
3.29 | Property | | 1 | Centralia | | | |
3.30 | Property | | 1 | Indianapolis | | | |
3.31 | Property | | 1 | Elkhart | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | Robert V. Gothier, Jr. and Mark X. DiSanto | No | No |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | AG Net Lease Realty Fund V REIT LLC and AG Net Lease Realty Fund V Investments (H-1), L.P. | No | No |
5.01 | Property | | 1 | Milwaukee 7777 | | | |
5.02 | Property | | 1 | Rockland | | | |
5.03 | Property | | 1 | Madison Heights | | | |
5.04 | Property | | 1 | Manchester | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | | |
5.06 | Property | | 1 | Huntley | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | Philip W. Cyburt and Spencer C. Atkins | No | No |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | AG Net Lease Realty Fund V REIT LLC and AG Net Lease Realty Fund V Investments (H-1), L.P. | No | No |
7.01 | Property | | 1 | Phoenix | | | |
7.02 | Property | | 1 | Lufkin | | | |
7.03 | Property | | 1 | Joliet | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | Cane Living Trust Dated February 17, 1981 and The Ronald and Mary Ellen Cane 1996 Irrevocable Trust | No | No |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | Gary W. Gates, Jr. | No | No |
10 | Loan | | 1 | Bradley Fair | SDM Holdings LLC | No | No |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | AG Net Lease IV (Q) Corp., AG Net Lease Realty Fund IV, L.P. and AG Net Lease Realty Fund IV Investments (H-1), L.P. | No | No |
12 | Loan | 31 | 1 | Springfield Center | Joseph R. Staugaard, III, Samuel M.V. Hamilton, III and Brian D. Hickey | No | No |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) |
| | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | Edward Blumenfeld and Acadia Realty Limited Partnership | No | No |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | Eric Sahn | No | No |
15 | Loan | 3 | 1 | 236-244 East 13th Street | Amended and Restated 2013 LG Revocable Trust | No | No |
16 | Loan | 25 | 1 | Quail Meadows Apartments | Gary W. Gates, Jr. | No | No |
17 | Loan | 7, 12 | 1 | 500 Delaware | David Pollin, Robert Buccini and Christopher Buccini | No | No |
18 | Loan | 13, 16, 25 | 1 | Quantix | AG Net Lease Realty Fund V REIT LLC and AG Net Lease Realty Fund V Investments (H-1), L.P. | No | No |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | Southwest Recourse III, LLC | No | No |
20 | Loan | 4, 7, 16 | 1 | Centene | Alejandro Velez | No | No |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | Simon Property Group, L.P. | No | No |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | Jeffrey S. Levien and David L. Stein | No | No |
23 | Loan | | 1 | Corporate Circle | Joseph Greenberg | No | No |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | Edward Blumenfeld and Parlux Holdings, Inc. | No | Yes |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | Nick Trivedi and Jon Trivedi | No | No |
26 | Loan | | 1 | 1702 West 1st Street | Maria Santomauro | No | No |
27 | Loan | 15 | 1 | Airport Business Center | Warren Zinn | No | No |
28 | Loan | | 1 | Burbank Self Storage | Rafael Shachory | No | No |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
| | | | | | 29 | | | | | | 32 |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | Refinance | No | 188,000,000 | 0 | 0 | 0 | 188,000,000 | 156,209,178 |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | Refinance | No | 85,000,000 | 31,430,303 | 0 | 0 | 116,430,303 | 115,393,463 |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | Refinance/Acquisition | | 139,070,000 | 0 | 0 | 0 | 139,070,000 | 108,033,051 |
3.01 | Property | | 1 | Ringgold | | No | | | | | | |
3.02 | Property | | 1 | Laval | | No | | | | | | |
3.03 | Property | | 1 | Loudon | | No | | | | | | |
3.04 | Property | | 1 | Salt Lake City | | No | | | | | | |
3.05 | Property | | 1 | Morgantown | | No | | | | | | |
3.06 | Property | | 1 | Reading | | No | | | | | | |
3.07 | Property | | 1 | Orrville | | No | | | | | | |
3.08 | Property | | 1 | Riverside I | | No | | | | | | |
3.09 | Property | | 1 | Spring Hill | | No | | | | | | |
3.10 | Property | | 1 | Janesville | | No | | | | | | |
3.11 | Property | | 1 | Sturgis II | | No | | | | | | |
3.12 | Property | | 1 | Denver | | No | | | | | | |
3.13 | Property | | 1 | Sturgis I | | No | | | | | | |
3.14 | Property | | 1 | Social Circle | | No | | | | | | |
3.15 | Property | | 1 | Caldwell | | No | | | | | | |
3.16 | Property | | 1 | Brenham | | No | | | | | | |
3.17 | Property | | 1 | Clinton | | No | | | | | | |
3.18 | Property | | 1 | Ehrenberg | | No | | | | | | |
3.19 | Property | | 1 | Rydal | | No | | | | | | |
3.20 | Property | | 1 | Claremore | | No | | | | | | |
3.21 | Property | | 1 | West Palm Beach | | No | | | | | | |
3.22 | Property | | 1 | Decatur | | No | | | | | | |
3.23 | Property | | 1 | North Salt Lake | | No | | | | | | |
3.24 | Property | | 1 | Ephrata | | No | | | | | | |
3.25 | Property | | 1 | Nashville | | No | | | | | | |
3.26 | Property | | 1 | Louisville | | No | | | | | | |
3.27 | Property | | 1 | Riverside II | | No | | | | | | |
3.28 | Property | | 1 | Corsicana | | No | | | | | | |
3.29 | Property | | 1 | Centralia | | No | | | | | | |
3.30 | Property | | 1 | Indianapolis | | No | | | | | | |
3.31 | Property | | 1 | Elkhart | | No | | | | | | |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | Acquisition | No | 44,450,000 | 22,517,134 | 0 | 1,500,000 | 68,467,134 | 0 |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | Acquisition | | 42,097,500 | 22,766,836 | 0 | 0 | 64,864,336 | 0 |
5.01 | Property | | 1 | Milwaukee 7777 | | No | | | | | | |
5.02 | Property | | 1 | Rockland | | No | | | | | | |
5.03 | Property | | 1 | Madison Heights | | No | | | | | | |
5.04 | Property | | 1 | Manchester | | No | | | | | | |
5.05 | Property | | 1 | Milwaukee 7676 | | No | | | | | | |
5.06 | Property | | 1 | Huntley | | No | | | | | | |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | Refinance | No | 40,000,000 | 1,759,133 | 10,000,000 | 0 | 51,759,133 | 50,180,141 |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | Recapitalization | | 38,760,000 | 0 | 0 | 0 | 38,760,000 | 0 |
7.01 | Property | | 1 | Phoenix | | No | | | | | | |
7.02 | Property | | 1 | Lufkin | | No | | | | | | |
7.03 | Property | | 1 | Joliet | | No | | | | | | |
8 | Loan | 7, 26 | 1 | Creekside Town Center | Acquisition | No | 71,525,000 | 58,342,802 | 0 | 0 | 129,867,802 | 0 |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | Refinance | Yes | 31,000,000 | 0 | 0 | 0 | 31,000,000 | 23,309,517 |
10 | Loan | | 1 | Bradley Fair | Recapitalization | No | 30,000,000 | 0 | 0 | 0 | 30,000,000 | 0 |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | Recapitalization | No | 29,710,000 | 0 | 0 | 0 | 29,710,000 | 0 |
12 | Loan | 31 | 1 | Springfield Center | Acquisition | No | 29,160,000 | 20,754,072 | 0 | 799,413 | 50,713,484 | 0 |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
| | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | Refinance | No | 28,000,000 | 23,114 | 0 | 0 | 28,023,114 | 17,245,372 |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | Refinance | No | 95,000,000 | 6,633,789 | 0 | 0 | 101,633,789 | 96,536,855 |
15 | Loan | 3 | 1 | 236-244 East 13th Street | Refinance | No | 21,000,000 | 517,186 | 0 | 0 | 21,517,186 | 20,689,041 |
16 | Loan | 25 | 1 | Quail Meadows Apartments | Refinance | No | | | | | | |
17 | Loan | 7, 12 | 1 | 500 Delaware | Refinance | No | | | | | | |
18 | Loan | 13, 16, 25 | 1 | Quantix | Recapitalization | No | | | | | | |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | Refinance | No | | | | | | |
20 | Loan | 4, 7, 16 | 1 | Centene | Acquisition | No | | | | | | |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | Refinance | No | | | | | | |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | Refinance | No | | | | | | |
23 | Loan | | 1 | Corporate Circle | Refinance | No | | | | | | |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | Refinance | No | | | | | | |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | Refinance | No | | | | | | |
26 | Loan | | 1 | 1702 West 1st Street | Refinance | No | | | | | | |
27 | Loan | 15 | 1 | Airport Business Center | Recapitalization | No | | | | | | |
28 | Loan | | 1 | Burbank Self Storage | Refinance | No | | | | | | |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) |
| | | | | | | | | | | | | |
1 | Loan | 1, 4, 7, 12, 13 | 1 | Newport Centre | 0 | 1,191,428 | 0 | 30,599,394 | 0 | 188,000,000 | NAP | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | 0 | 869,377 | 167,463 | 0 | 0 | 116,430,303 | NAP | NAP | NAP |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | 20,523,309 | 3,048,405 | 0 | 7,465,235 | 0 | 139,070,000 | NAP | NAP | NAP |
3.01 | Property | | 1 | Ringgold | | | | | | | NAP | NAP | NAP |
3.02 | Property | | 1 | Laval | | | | | | | NAP | NAP | NAP |
3.03 | Property | | 1 | Loudon | | | | | | | NAP | NAP | NAP |
3.04 | Property | | 1 | Salt Lake City | | | | | | | NAP | NAP | NAP |
3.05 | Property | | 1 | Morgantown | | | | | | | NAP | NAP | NAP |
3.06 | Property | | 1 | Reading | | | | | | | NAP | NAP | NAP |
3.07 | Property | | 1 | Orrville | | | | | | | NAP | NAP | NAP |
3.08 | Property | | 1 | Riverside I | | | | | | | NAP | NAP | NAP |
3.09 | Property | | 1 | Spring Hill | | | | | | | NAP | NAP | NAP |
3.10 | Property | | 1 | Janesville | | | | | | | NAP | NAP | NAP |
3.11 | Property | | 1 | Sturgis II | | | | | | | NAP | NAP | NAP |
3.12 | Property | | 1 | Denver | | | | | | | NAP | NAP | NAP |
3.13 | Property | | 1 | Sturgis I | | | | | | | NAP | NAP | NAP |
3.14 | Property | | 1 | Social Circle | | | | | | | NAP | NAP | NAP |
3.15 | Property | | 1 | Caldwell | | | | | | | NAP | NAP | NAP |
3.16 | Property | | 1 | Brenham | | | | | | | NAP | NAP | NAP |
3.17 | Property | | 1 | Clinton | | | | | | | NAP | NAP | NAP |
3.18 | Property | | 1 | Ehrenberg | | | | | | | NAP | NAP | NAP |
3.19 | Property | | 1 | Rydal | | | | | | | NAP | NAP | NAP |
3.20 | Property | | 1 | Claremore | | | | | | | NAP | NAP | NAP |
3.21 | Property | | 1 | West Palm Beach | | | | | | | NAP | NAP | NAP |
3.22 | Property | | 1 | Decatur | | | | | | | NAP | NAP | NAP |
3.23 | Property | | 1 | North Salt Lake | | | | | | | NAP | NAP | NAP |
3.24 | Property | | 1 | Ephrata | | | | | | | NAP | NAP | NAP |
3.25 | Property | | 1 | Nashville | | | | | | | NAP | NAP | NAP |
3.26 | Property | | 1 | Louisville | | | | | | | NAP | NAP | NAP |
3.27 | Property | | 1 | Riverside II | | | | | | | NAP | NAP | NAP |
3.28 | Property | | 1 | Corsicana | | | | | | | NAP | NAP | NAP |
3.29 | Property | | 1 | Centralia | | | | | | | NAP | NAP | NAP |
3.30 | Property | | 1 | Indianapolis | | | | | | | NAP | NAP | NAP |
3.31 | Property | | 1 | Elkhart | | | | | | | NAP | NAP | NAP |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | 63,502,857 | 1,447,031 | 3,517,246 | 0 | 0 | 68,467,134 | NAP | NAP | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | 64,150,000 | 714,336 | 0 | 0 | 0 | 64,864,336 | NAP | NAP | NAP |
5.01 | Property | | 1 | Milwaukee 7777 | | | | | | | NAP | NAP | NAP |
5.02 | Property | | 1 | Rockland | | | | | | | NAP | NAP | NAP |
5.03 | Property | | 1 | Madison Heights | | | | | | | NAP | NAP | NAP |
5.04 | Property | | 1 | Manchester | | | | | | | NAP | NAP | NAP |
5.05 | Property | | 1 | Milwaukee 7676 | | | | | | | NAP | NAP | NAP |
5.06 | Property | | 1 | Huntley | | | | | | | NAP | NAP | NAP |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | 0 | 1,578,992 | 0 | 0 | 0 | 51,759,133 | NAP | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | 0 | 752,933 | 0 | 38,007,067 | 0 | 38,760,000 | NAP | NAP | NAP |
7.01 | Property | | 1 | Phoenix | | | | | | | NAP | NAP | NAP |
7.02 | Property | | 1 | Lufkin | | | | | | | NAP | NAP | NAP |
7.03 | Property | | 1 | Joliet | | | | | | | NAP | NAP | NAP |
8 | Loan | 7, 26 | 1 | Creekside Town Center | 125,500,000 | 1,557,364 | 2,810,438 | 0 | 0 | 129,867,802 | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | 0 | 227,778 | 3,184,235 | 4,278,470 | 0 | 31,000,000 | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | 0 | 723,267 | 474,420 | 28,802,313 | 0 | 30,000,000 | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | 0 | 985,664 | 0 | 28,724,336 | 0 | 29,710,000 | NAP | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | 49,100,000 | 868,600 | 744,885 | 0 | 0 | 50,713,484 | NAP | NAP | NAP |
BMO 2024-C10
Annex A
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 ($) |
| | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | 0 | 1,155,297 | 9,622,444 | 0 | 0 | 28,023,114 | NAP | NAP | NAP |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | 0 | 1,296,934 | 3,800,000 | 0 | 0 | 101,633,789 | NAP | NAP | NAP |
15 | Loan | 3 | 1 | 236-244 East 13th Street | 0 | 828,146 | 0 | 0 | 0 | 21,517,186 | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | | | | | | | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | | | | | | | NAP | NAP | NAP |
18 | Loan | 13, 16, 25 | 1 | Quantix | | | | | | | NAP | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | | | | | | | NAP | 219.51 | 138.72 |
20 | Loan | 4, 7, 16 | 1 | Centene | | | | | | | NAP | NAP | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | | | | | | | NAP | NAP | NAP |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | | | | | | | NAP | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | | | | | | | NAP | NAP | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | | | | | | | NAP | NAP | NAP |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | | | | | | | 15 years from Opening Date | 88.52 | 63.38 |
26 | Loan | | 1 | 1702 West 1st Street | | | | | | | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | | | | | | | NAP | NAP | NAP |
28 | Loan | | 1 | Burbank Self Storage | | | | | | | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | 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, 4, 7, 12, 13 | 1 | Newport Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 3, 7, 12, 13, 16, 19, 27, 30 | 1 | The Mall of Victor Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 6, 7, 12, 16, 17 | 31 | Poindexter Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | | 1 | Ringgold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | Laval | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Loudon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.04 | Property | | 1 | Salt Lake City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.05 | Property | | 1 | Morgantown | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.06 | Property | | 1 | Reading | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.07 | Property | | 1 | Orrville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.08 | Property | | 1 | Riverside I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.09 | Property | | 1 | Spring Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.10 | Property | | 1 | Janesville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.11 | Property | | 1 | Sturgis II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.12 | Property | | 1 | Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.13 | Property | | 1 | Sturgis I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.14 | Property | | 1 | Social Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.15 | Property | | 1 | Caldwell | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.16 | Property | | 1 | Brenham | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.17 | Property | | 1 | Clinton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.18 | Property | | 1 | Ehrenberg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.19 | Property | | 1 | Rydal | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.20 | Property | | 1 | Claremore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.21 | Property | | 1 | West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.22 | Property | | 1 | Decatur | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.23 | Property | | 1 | North Salt Lake | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.24 | Property | | 1 | Ephrata | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.25 | Property | | 1 | Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.26 | Property | | 1 | Louisville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.27 | Property | | 1 | Riverside II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.28 | Property | | 1 | Corsicana | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.29 | Property | | 1 | Centralia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.30 | Property | | 1 | Indianapolis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.31 | Property | | 1 | Elkhart | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 15, 23, 30 | 1 | White Oak Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 5, 6, 10, 12, 13, 16, 19, 24, 25 | 6 | Douglas Dynamics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | | 1 | Milwaukee 7777 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.02 | Property | | 1 | Rockland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.03 | Property | | 1 | Madison Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.04 | Property | | 1 | Manchester | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.05 | Property | | 1 | Milwaukee 7676 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.06 | Property | | 1 | Huntley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 13, 24, 27 | 1 | South Carolina Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 12, 13, 16, 25 | 3 | Sterling Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | | 1 | Phoenix | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.02 | Property | | 1 | Lufkin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.03 | Property | | 1 | Joliet | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 7, 26 | 1 | Creekside Town Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 1 | Diamond Ridge Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | | 1 | Bradley Fair | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 10, 13, 16, 25, 30 | 1 | Tropicale Foods | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 31 | 1 | Springfield Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
| | | | | | | | | | | | | | |
13 | Loan | 25, 27 | 1 | Gotham Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 19, 20 | 1 | La Habra Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 3 | 1 | 236-244 East 13th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 25 | 1 | Quail Meadows Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 7, 12 | 1 | 500 Delaware | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 13, 16, 25 | 1 | Quantix | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 3, 7, 18, 19, 23, 30 | 1 | Arizona Grand Resort and Spa | 63.2% | 219.51 | 138.72 | 63.2% | 229.41 | 141.85 | 61.8% | 230.70 | 147.44 | 63.9% |
20 | Loan | 4, 7, 16 | 1 | Centene | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1, 3, 7, 12, 21, 24, 26 | 1 | Grapevine Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 27 | 1 | Stop & Shop Elizabeth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | | 1 | Corporate Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 7, 16, 19, 25, 33 | 1 | 1516 Motor Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 5, 19, 30 | 1 | Spark by Hilton O'Hare | 71.6% | 88.52 | 63.38 | 71.6% | 90.16 | 60.14 | 66.7% | 86.05 | 61.61 | 71.6% |
26 | Loan | | 1 | 1702 West 1st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 15 | 1 | Airport Business Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | | 1 | Burbank Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
BMO 2024-C10
Footnotes to Annex A
(1 – Mortgage Loan Seller)
“BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “ZBNA” denotes Zions Bancorporation, N.A. as Mortgage Loan Seller, “3650 REIT” denotes 3650 Real Estate Investment Trust 2 as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller, “GSMC” denotes Goldman Sachs Mortgage Company as Mortgage Loan Seller.
With respect to Loan No. 1, Newport Centre, the mortgage loan is part of a whole loan that was co-originated by GACC and Goldman Sachs Bank USA.
With respect to Loan No. 2, The Mall of Victor Valley, the mortgage loan is part of a whole loan that was co-originated by BMO and JPMorgan Chase Bank, National Association.
With respect to Loan No. 19, Arizona Grand Resort and Spa, the mortgage loan is part of a whole loan that was co-originated by GACC, Goldman Sachs Bank USA and Wells Fargo Bank, National Association.
With respect to Loan No. 21, Grapevine Mills, the mortgage loan is part of a whole loan that was co-originated by Wells Fargo Bank, National Association, BMO and JPMorgan Chase Bank, National Association.
(2 – Property Type)
Intentionally Blank
(3 – Number of Units)
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, The Mall of Victor Valley, the mortgaged property consists of 479,261 square feet of collateral which is part of a larger shopping center and does not include non-collateral square footage in the shopping center.
With respect to Loan No. 15, 236-244 East 13th Street, the mortgaged property consists of (i) 83 multifamily units, and (ii) seven commercial units containing 4,204 square feet.
With respect to Loan No. 19, Arizona Grand Resort and Spa, the mortgaged property includes 744 rooms, of which 643 rooms are resort suites that are collateral for the mortgage loan; the additional 101 rentable guestrooms (the “Villa Rental Pool Rooms”) are located in 51 luxury villas that are owned by third parties as condominium units and are not collateral for the mortgage loan. The owners of the Villa Rental Pool Rooms participate in a rental pool program pursuant to which the borrower rents the Villa Rental Pool Rooms as hotel rooms and receives management fees in connection with such rental. The rental pool agreements and related documents have been collaterally assigned to the lender and are collateral for the mortgage loan. Per Unit calculations are based on 744 rooms.
With respect to Loan No. 21, Grapevine Mills, the mortgaged property includes 1,451,077 square feet of borrower-owned improvements and 177,063 square feet of tenant-owned improvements.
(4 – Leased Occupancy %)
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 preliminary prospectus.
With respect to Loan No. 1, Newport Centre, the Second Largest Tenant, Sears, has subleased its entire top floor (approximately 82,000 square feet) to Dick’s House of Sport and a portion of its bottom floor (approximately 46,000 square feet) to Primark. The remaining space (approximately 64,000 square feet) has yet to be subleased. Dick’s House of Sport and Primark have each signed subleases on the Sears space. Dick’s has taken possession of its space as of September 2024 and is currently building out its space with the intent to open fall 2025. Primark is expected to take possession of its space on November 1, 2024, and open early summer 2025.
With respect to Loan No. 20, Centene, the sole tenant at the Centene mortgaged property, Centene, has subleased its entire space to NationsBenefits, LLC through September 30, 2030 at a rate of $39.50 per square foot with annual rent step increases through the end of the sublease. The sublease rent is higher than the rent under the original Centene lease, whose underwritten base rent per square foot is $27.83.
(5 – Appraised Value ($), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%))
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 preliminary 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. 5, Douglas Dynamics, the Appraised Value / Per SF represents the “As Portfolio” appraised value, which assumes a 4.30% portfolio premium is applied to the aggregate sum of the individual appraised values. The individual appraisal valuation dates are between August 26, 2024 and September 10, 2024. The aggregate of the “as-is” appraised values of the Douglas Dynamics Portfolio properties is $64,140,000, which results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 65.6%.
With respect to Loan No. 25, Spark by Hilton O’Hare, the appraised value of $15,500,000 is the “Hypothetical As If Complete Today” value, which assumes that the scheduled property improvement plan has been completed as of August 14, 2024. At origination of the mortgage loan, the borrower deposited $1,255,340 for property improvement plan work. The “as-is” appraised value is $15,000,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 56.7% and 50.1%, respectively.
(6 – Original Balance ($), Cut-off Date Balance ($), Maturity / ARD Balance ($))
For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity / ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
| ● | Loan No. 3, Poindexter Industrial Portfolio |
| ● | Loan No. 5, Douglas Dynamics |
| ● | Loan No. 7, Sterling Portfolio |
(7 – Original Balance ($), Cut-off Date Balance ($), Maturity / ARD Balance ($))
The Original Balance ($), Cut-off Date Balance ($), and Maturity / ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole
Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus.
| ● | Loan No. 1, Newport Centre |
| ● | Loan No. 2, The Mall of Victor Valley |
| ● | Loan No. 3, Poindexter Industrial Portfolio |
| ● | Loan No. 8, Creekside Town Center |
| ● | Loan No. 14, La Habra Marketplace |
| ● | Loan No. 17, 500 Delaware |
| ● | Loan No. 19, Arizona Grand Resort and Spa |
| ● | Loan No. 21, Grapevine Mills |
| ● | Loan No. 24, 1516 Motor Parkway |
(8 – Administrative Fee Rate (%))
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.
(9 – Monthly Debt Service Amount)
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.
(10 – Grace Period - Late Fee (Days))
With respect to Loan No. 5, Douglas Dynamics, a Grace Period – Default (Days) of 5 days is permitted once in any 12-month period.
With respect to Loan No. 11, Tropicale Foods, a Grace Period – Default (Days) of 5 days is permitted once in any 12-month period.
(11 – ARD Loan)
Intentionally Blank
(12 – Prepayment Provisions)
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 “YM1” component of the prepayment provision represents the greater of (i) yield maintenance or (ii) 1% of the outstanding principal balance of the mortgage loan at the time of prepayment.
The “1%” component of the prepayment provision represents 1% of the outstanding principal balance of the mortgage loan at the time of prepayment.
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, Newport Centre, the defeasance lockout period will be at least 26 months beginning with and including the first payment date on October 1, 2024. Defeasance of the Newport Centre whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) October 1, 2027. The assumed defeasance lockout period of 26 payments is based on the expected BMO 2024-C10 securitization closing date in November 2024. The actual defeasance lockout period may be longer.
With respect to Loan No. 1, Newport Centre, the mortgage loan documents permit the borrower to obtain the free release of non-income producing or vacant portions of the mortgaged property in connection with a sale or transfer to third parties or an affiliate of the borrower provided that, among other conditions, (i) after giving effect to such transfer, the remaining portion of the mortgaged property complies with applicable zoning, parking and other legal requirements, and (ii) the borrower satisfies customary REMIC requirements.
With respect to Loan No. 2, The Mall of Victor Valley, the lockout period will be at least 26 payment dates beginning with and including the first payment date on October 6, 2024. Voluntary prepayment (with the greater of a yield maintenance premium or 1% of the principal balance of The Mall of Victor Valley whole loan) in full (but not in part) is permitted at any time following the payment date in September 2027. Defeasance or voluntary prepayment with yield maintenance of The Mall of Victor Valley whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) September 6, 2027 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected BMO 2024-C10 securitization trust closing date in November 2024. The actual lockout period may be longer.
With respect to Loan No. 2, The Mall of Victor Valley, the borrower may obtain the release of one or more Out Parcels (as defined below) without the payment of a release price, subject to satisfaction of certain conditions including, but not limited to, (i) no event of default has occurred and is continuing, (ii) regardless of whether such release is successfully consummated, the borrower pays to the lender a processing fee in the amount of $15,000, (iii) the remaining The Mall of Victor Valley Property constitutes a separate tax lot (or the borrower has filed an application for a separate tax lot and the borrower sponsor guarantees the payment of taxes on such release parcel pending the final issuance of such separate tax lot), (iv) the borrower certifies to the lender that the remaining The Mall of Victor Valley Property with all easements appurtenant and other permitted encumbrances thereto will not, strictly as a result of such transfer, be in violation of any reciprocal easement agreements or major leases, or any then applicable law, statute, rule or regulation and (v) satisfaction of any REMIC release conditions.
An “Out Parcel” means each of the following: (i) certain real property that is as of the date of any potential release non-income producing and unimproved for tenant occupancy and the release of which does not have a material adverse effect on (a) the business, profits, operations or financial condition of the borrower, (b) the ability of the borrower to repay The Mall of Victor Valley whole loan in accordance with the terms of The Mall of Victor Valley whole loan documents, or (c) the ongoing operations of the remaining The Mall of Victor Valley Property; and (ii) certain real property that is as of the date of any potential release non-income producing and improved by structures that (a) were vacant as of the origination date and (b) have been vacant and non-income producing continuously since the origination date and for at least three years prior to the date of any potential release; and (iii) the Sears parcel. The Sears parcel may be released when an event of default has occurred and is continuing.
With respect to Loan No. 3, Poindexter Industrial Portfolio, the borrowers may obtain the release of any of the individual Poindexter Industrial Portfolio mortgaged properties as described in this preliminary prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
With respect to Loan No. 5, Douglas Dynamics, provided that no event of default is continuing, at any time after the date that is the earlier to occur of two years after the closing date of the BMO 2024-C10 securitization or three years from the origination date, the borrower may deliver defeasance collateral and obtain release of any individual mortgaged property other than the Rockland mortgaged property and the Wisconsin mortgaged property (a “Partial Release Event”), provided that, among other conditions, (i) after giving effect to such Partial Release Event, the debt service coverage ratio for the remaining mortgaged properties is no less than the greater of: (a) 1.80x or (b) the debt service coverage ratio of the mortgaged properties immediately prior to such Partial Release Event; provided, that if the foregoing test is not satisfied, the borrower will be permitted at its option, in order to satisfy the foregoing condition on or prior to the date of consummation of the Partial Release Event, to either (A) prepay a portion of the unpaid principal balance of the mortgage loan in an amount which, if applied to the unpaid principal balance of the mortgage loan, would result in the mortgage loan achieving the debt service coverage ratio threshold (the “Release DSCR Paydown Amount”) or (B) deposit cash collateral or a letter of credit with the lender in an amount equal to the Release DSCR Paydown Amount; (ii) after giving effect to such Partial Release Event, the loan-to-value ratio for the remaining Mortgaged Properties does not exceed the lesser of: (a) 65.6% or (b) the loan-to-value ratio of the Mortgaged Properties immediately prior to such Partial Release Event (the “LTV Threshold”); provided, that if the foregoing test is not satisfied, the borrower will be permitted at its option, in order to satisfy the foregoing condition on or prior to the date of consummation of the Partial Release Event, to either (A) prepay a portion of the unpaid principal balance of the mortgage loan in an amount which, if applied to the unpaid principal balance of the mortgage loan, would result in the mortgage loan achieving the LTV Threshold (the “Release LTV Paydown Amount”) or (B) deposit cash collateral or a letter of credit with the lender in an amount equal to the Release LTV Paydown Amount; (iii) after giving effect to such Partial Release Event, the debt yield for the remaining mortgaged properties will be no less than the greater of: (i) 11.6% or (ii) the debt yield immediately prior to such Partial Release Event (the “Debt Yield Threshold”); provided, that if the foregoing test is not satisfied, the borrower will be permitted at its option, in order to satisfy the foregoing condition on or prior to the date of consummation of the Partial Release Event, to either (A) prepay a portion of the unpaid principal balance of the mortgage loan in an amount which, if applied to the unpaid principal balance of the mortgage loan, would result in the mortgage loan achieving the Debt Yield Threshold (the “Release Debt Yield Paydown Amount”) or (B) deposit cash collateral or a letter of credit with the lender in an amount equal to the Release Debt Yield Paydown Amount; and (iv) the borrower pays all reasonable costs and out-of-pocket expenses of lender actually incurred in connection with the Partial Release Event.
With respect to Loan No. 7, Sterling Portfolio, the borrower may obtain the release of the Joliet mortgaged property as described in this preliminary prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".
With respect to Loan No. 17, 500 Delaware, the lockout period will be at least 35 payment dates beginning with and including the first payment date in June 2022. Defeasance of the 500 Delaware Whole Loan in full is permitted at any time after May 4, 2025, which is the third anniversary of the startup date of the REMIC formed in connection with the REMIC declaration made on April 7, 2023 as described under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Defeasance; Collateral Substitution” in the Preliminary Prospectus.
With respect to Loan No. 21, Grapevine Mills, prepayment of the Grapevine Mills 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 Grapevine Mills whole loan to be securitized (“REMIC Prohibition Period”), and (b) July 1, 2027 (“Permitted Prepayment Date”). If the Permitted Prepayment Date has occurred but the REMIC Prohibition Period has not occurred, (a) the borrower may prepay with yield maintenance, and (b) and provided no event of default exists, the Grapevine Mills whole loan may be prepaid in whole (but not in part) prior to the REMIC Prohibition
Period with yield maintenance. Any portion of the Grapevine Mills whole loan that has been securitized, as of such prepayment date, for a period of more than two (2) years from the “startup day” within the meaning of Section 860G(a)(9) of the Internal Revenue Code for the REMIC Trust which holds such securitized portion of the Grapevine Mills whole loan must be contemporaneously defeased.
(13 – Future Additional Debt Permitted (Y/N), Additional Debt Exist (Y/N), Future Debt Permitted Type)
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, Newport Centre, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, the borrower is permitted to enter into a Property-Assessed Clean Energy loan for an amount not to exceed $5,000,000.
With respect to Loan No. 2, The Mall of Victor Valley, the borrower is permitted to obtain property assessed clean energy (PACE) or similar loans in an aggregate amount up to $10.0 million without the consent of the lender.
With respect to Loan No. 5, Douglas Dynamics, provided that no event of default is continuing under the Douglas Dynamics Portfolio mortgage loan documents, a constituent party of the borrower is permitted to incur a mezzanine loan (the “Douglas Dynamics Mezzanine Loan,” “Permitted Mezzanine Loan” or “New Mezzanine Loan”) secured by the equity interest held by such constituent party in the borrower under the Douglas Dynamics Portfolio mortgage loan, subject to the satisfaction of certain requirements set forth in the Douglas Dynamics Portfolio mortgage loan documents, which include, but are not limited to: (i) the actual combined loan-to-value ratio based on the Douglas Dynamics Portfolio mortgage loan and the Douglas Dynamics Mezzanine Loan is no more than 65.6%; (ii) the actual combined debt service coverage ratio based on the Douglas Dynamics Portfolio mortgage loan and the Douglas Dynamics Mezzanine Loan is equal to or greater than 1.80x; (iii) the actual combined debt yield based on the Douglas Dynamics Portfolio mortgage loan and the Douglas Dynamics Mezzanine Loan is equal to or greater than 11.6%; (iv) the execution of an intercreditor agreement acceptable to the lender and satisfactory to the rating agencies; and (v) if required by the lender, receipt of a rating agency confirmation.
With respect to Loan No. 6, South Carolina Industrial, concurrently with the origination of the mortgage loan, the mortgage lender originated a mezzanine loan (the “Mezzanine Loan”) and together with the mortgage loan, the “Total Debt”) in the amount of $10,000,000, to be secured by the mezzanine borrowers’ equity interests in the borrower. The Mezzanine Loan accrues interest at a rate of (i) 14.0000% per annum from the origination date through and including December 4, 2029, and (ii) 15.0000% per annum from December 5, 2029 through the end of the term, to be paid as part of each monthly debt service payment amount. The Mezzanine Loan has a final maturity date of November 5, 2034, coterminous with the mortgage loan. An intercreditor agreement between the lender under the mortgage loan and the lender under the Mezzanine Loan was executed simultaneously with the origination of the Mezzanine Loan. Based on the mortgage loan and the Mezzanine Loan, the cumulative Cut-off Date loan-to-value is 65.3%, the cumulative UW NCF debt service coverage ratio is 1.12x and the cumulative UW NCF debt yield is 11.0%. The rights of the mezzanine lender under the Mezzanine Loan are further described under “Description of the Mortgage Pool–Additional Indebtedness–Existing Mezzanine Debt” in the Preliminary Prospectus.
With respect to Loan No. 7, Sterling Portfolio, future mezzanine debt is permitted at any time from and after the date that is two years after the closing date of the BMO 2024-C10 securitization, subject to the satisfaction of certain conditions including, among others, (i) if such mezzanine debt has a floating interest rate, the mezzanine borrower must purchase an interest rate cap agreement (“IRCA”) from a counterparty reasonably acceptable to the lender with a notional amount not less than the outstanding balance of the mezzanine debt, (ii) immediately after giving effect to such debt (x) the aggregate loan-to-value ratio does not exceed 65.0%, (y) the aggregate debt service coverage ratio is equal to or greater than 1.68x (and if the mezzanine loan has a floating interest rate, the debt service coverage ratio calculation must assume that the floating rate index at all times equals the greater of the then current floating rate index and the strike rate under the IRCA) and (z) the aggregate debt yield is not less than 10.60%, (iii) execution of an intercreditor agreement reasonably acceptable to the lender, (iv) if required by the lender, the borrower delivers a rating agency confirmation with respect to the mezzanine loan, and (v) the maturity date of the mezzanine loan is coterminous with, or after, the maturity date of the Sterling Portfolio mortgage loan.
With respect to Loan No. 11, Tropicale Foods, provided that no event of default is continuing under the Tropicale Foods mortgage loan documents, the beneficial owners of the borrower are permitted to incur a mezzanine loan (the “Tropicale Foods Mezzanine Loan,” “Permitted Mezzanine Loan” or “New Mezzanine Loan”) secured by the equity interest held by such beneficial owners of the borrower under the Tropicale Foods mortgage loan, subject to the satisfaction of certain requirements set forth in the Tropicale Foods mortgage loan documents, which include, but are not limited to: (i) the combined loan-to-value ratio based on the Tropicale Foods mortgage loan and the Tropicale Foods Mezzanine Loan is no more than 42.7%; (ii) the combined debt service coverage ratio based on the Tropicale Foods mortgage loan and the Tropicale Foods Mezzanine Loan is equal to or greater than 1.86x; (iii) the combined debt yield based on the Tropicale Foods mortgage loan and the Tropicale Foods Mezzanine Loan is equal to or greater than 12.07%; (iv) the execution of an intercreditor agreement acceptable to the lender and satisfactory to the rating agencies; and (v) if required by the lender, receipt of a rating agency confirmation.
With respect to Loan No. 18, Quantix, future mezzanine debt is permitted at any time from and after the date that is two years after the closing date of the BMO 2024-C10 securitization, subject to the satisfaction of certain conditions including, among others, (i) if such mezzanine debt has a floating interest rate, the mezzanine borrower must purchase an IRCA from a counterparty reasonably acceptable to the lender with a notional amount not less than the outstanding balance of the mezzanine debt, (ii) immediately after giving effect to such debt (x) the aggregate loan-to-value ratio does not exceed 65.7%, (y) the aggregate debt service coverage ratio is equal to or greater than 1.80x (and if the mezzanine loan has a floating interest rate, the debt service coverage ratio calculation must assume that the floating rate index at all times equals the greater of the then current floating rate index and the strike rate under the IRCA) and (z) the aggregate debt yield is not less than 13.17%, (iii) execution of an intercreditor agreement reasonably acceptable to the lender, (iv) if required by the lender, the borrower delivers a rating agency confirmation with respect to the mezzanine loan, and (v) the maturity date of the mezzanine loan is coterminous with, or after, the maturity date of the Quantix mortgage loan.
(14 – Underwritten NOI DSCR (x), Underwritten NCF DSCR(x))
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.
(15 – Underwritten Capital Items)
In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing.
With respect to Loan No. 4, White Oak Village, if no cash trap event period is continuing, the TI/LC Caps ($) is equal to $1,250,000. If the TI/LC reserve balance falls below the cap, the Monthly TI/LC Reserve ($) of $21,537 would apply and be collected.
With respect to Loan No. 4, White Oak Village, if no cash trap event period is continuing, the Replacement Reserve Caps ($) is equal to $250,000. If the Monthly Replacement / FF&E Reserve ($) falls below the cap, the Monthly Replacement / FF&E Reserve ($) of $4,971 would apply and be collected.
With respect to Loan No. 27, Airport Business Center, if no (i) cash trap event period, (ii) major tenant event period or (iii) 6-month major tenant dark period is continuing, the TI/LC Caps ($) is equal to $100,000. If the TI/LC reserve falls below the cap, the Monthly TI/LC Reserve ($) of $5,000 would apply and be collected. During the continuance of a 6-month major tenant dark period, the Monthly TI/LC Reserve ($) would increase to $10,000 and for the avoidance of doubt, the TI/LC Caps ($) would not apply.
(16 – Historical Financials)
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. 2, The Mall of Victor Valley, occupancy includes all tenants in place, specialty leasing tenants of greater than six months, and tenants with signed leases as of the reporting period. Occupancy excludes gross leasable area for anchor tenants.
With respect to Loan No. 3, Poindexter Industrial Portfolio, historical financial information is unavailable as the mortgaged properties were historically owner occupied and upon origination new absolute NNN leases were signed at each of the mortgaged properties.
With respect to Loan No. 5, Douglas Dynamics, historical financial information is unavailable given the borrower sponsor purchased the mortgaged properties in a sale leaseback transaction in September 2024.
With respect to Loan No. 7, Sterling Portfolio, historical financial information is unavailable due to the acquisition of the Sterling Portfolio mortgaged properties in August 2024 as part of a sale-leaseback transaction.
With respect to Loan No. 11, Tropicale Foods, historical financial information is unavailable given the borrower sponsor purchased the mortgaged property in a sale leaseback transaction in July 2022.
With respect to Loan No. 18, Quantix, historical financial information is unavailable due to the acquisition of the Quantix mortgaged property in August 2024 as part of a sale-leaseback transaction.
With respect to Loan No. 20, Centene, historical financial information for the Centene mortgaged property is not available because the Centene mortgaged property was built in 2020 and Centene chose to not fully utilize its leased space due to the COVID-19 pandemic, which led Centene to subsequently sublease its entire space to NationsBenefits, LLC in November 2022.
With respect to Loan No. 24, 1516 Motor Parkway, historical financial information for the 1516 Motor Parkway mortgaged property is not available as it was leased to a single tenant in January 2023.
(17 – Title Type)
With respect to Loan No. 3, Poindexter Industrial Portfolio, the borrowers’ interest in the Loudon mortgaged property is a ground leasehold interest in connection with a payment in lieu of taxes (“PILOT”) arrangement applicable to the mortgaged property, which PILOT expires in 2026. The applicable development authority joined the related deed of trust to encumber the fee interest. Real estate taxes
were underwritten assuming all tenants pay taxes pursuant to their triple net leases, and accordingly the PI-LOT was not underwritten.
(18 – Upfront Escrows)
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. 9, Diamond Ridge Apartments, the borrower deposited $2,500,000 into an economic holdback reserve, to be released to the borrower upon the net operating income debt yield at the mortgaged property being at least 9.75% based on a trailing 12-month period and satisfactory completion of all required repairs. Notwithstanding the foregoing, no disbursement is permitted prior to the payment date in March 2025. The Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), UW NOI Debt Yield (%) and UW NCF Debt Yield (%) calculations are based on an assumed Cut-off Date Balance of approximately $28,500,000, which is net of the $2,500,000 economic holdback reserve. Assuming the gross Cut-off Date Balance of approximately $31,000,000, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), UW NOI Debt Yield (%) and UW NCF Debt Yield (%) are 64.9%, 64.9%, 9.5% and 9.1%, respectively.
With respect to Loan No. 19, Arizona Grand Resort and Spa, the borrower deposited $650,000 at loan origination into the seasonality reserve. In the event there is insufficient cash flow from the mortgaged property to cover debt service at any time during the term of the related whole loan, the initial seasonality reserve deposit will be used to cover such shortfall.
(19 – Monthly Escrows)
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. 2, The Mall of Victor Valley, during the continuance of a trigger period, the borrower is required to escrow an amount equal to the gross leasable area (excluding the non-collateral square footage and any square footage attributable to any tenant that is required to pay for all repairs and maintenance costs for its entire leased premises, roof and structural components), multiplied by $0.20 and divided by 12 months. The monthly replacement reserve amount is estimated to be approximately $7,988. The borrower is permitted to cease monthly deposits when the replacement reserve balance is equal to the sum of 24 monthly deposits, currently estimated to be approximately $191,704. At the borrower’s option, all or any portion of this amount may be in the form of credit support.
With respect to Loan No. 2, The Mall of Victor Valley, during the continuance of a trigger period, the borrower is required to escrow an amount equal to the gross leasable area (excluding the non-collateral square footage and the premises leased to (i) Cinemark and/or (ii) DICK’s Sporting Goods, provided that each of the foregoing exercises the renewal option set forth in the applicable lease for such premises in effect as of the origination date of The Mall of Victor Valley whole loan) multiplied by $1.00 and divided by 12 months. The monthly rollover reserve amount is estimated to be approximately $39,938. The borrower is not required to make any monthly deposits when the rollover reserve balance is equal to the sum of 24 monthly deposits, currently estimated to be $958,522. During a trigger period, the borrower is required to deposit any amount paid in excess of $2 million with respect to a lease modification or termination. At the borrower’s option, all or any portion of this amount may be in the form of credit support or a guaranty of limited payment.
With respect to Loan No. 5, Douglas Dynamics, on a monthly basis, upon the occurrence of a trigger period or event of default, the borrower is required to escrow approximately $6,597 for the payment or reimbursement of approved capital expenses, provided, however, monthly deposits into the capital expenditure reserve will be suspended for so long as the amount contained therein is equal to or greater than the Capital Expenditure Threshold Amount (as defined below), provided, further, however, at any time after the Capital Expenditure Threshold Amount has been satisfied and monthly deposits into the
capital expenditure reserve have been suspended, monthly deposits will recommence if the amount on deposit in the capital expenditure reserve account is ever less than the capital expenditure recommencement deposit amount and will continue until such time as the amount on deposit in the capital expenditure reserve is once again equal to the Capital Expenditure Threshold Amount.
“Capital Expenditure Threshold Amount” means at any time the product of (x) $0.20 times (y) the aggregate number of rentable square feet then contained in the Douglas Dynamics Portfolio Properties. The initial Capital Expenditure Threshold Amount as of the origination date of the Douglas Dynamics Portfolio mortgage loan is equal to $13,193.05.
With respect to Loan No. 5, Douglas Dynamics, on a monthly basis, upon the occurrence and during the continuance of an event of default or a trigger period, the borrower is required to escrow approximately $32,983 for tenant improvements and leasing commissions, provided, however, monthly deposits into the TI/LC reserve will be suspended for so long as the amount contained therein is equal to or greater than the TI/LC Reserve Threshold Amount (as defined below), provided, further, however, at any time after the TI/LC Reserve Threshold Amount has been satisfied and monthly deposits into the TI/LC reserve have been suspended, monthly deposits will recommence if the amount on deposit in the TI/LC reserve account is ever less than the TI/LC Reserve Recommencement Deposit Amount (as defined below) and will continue until such time as the amount on deposit in the TI/LC reserve is once again equal to the TI/LC Reserve Threshold Amount.
“TI/LC Reserve Threshold Amount” means at any time the product of (x) $1.00 times (y) the aggregate number of rentable square feet then contained in the Douglas Dynamics Portfolio Properties. The initial TI/LC Reserve Threshold Amount as of the origination date of the Douglas Dynamics Portfolio mortgage loan is equal to $65,965.25.
“TI/LC Reserve Recommencement Deposit Amount” means at any time the product of (x) $0.50 times (y) the aggregate number of rentable square feet then contained in the Douglas Dynamics Portfolio Properties. The initial TI/LC Reserve Recommencement Deposit Amount as of the origination date of the Douglas Dynamics Portfolio mortgage loan is equal to $32,982.63.
With respect to Loan No. 5, Douglas Dynamics, on a monthly basis, upon the occurrence of a trigger period caused by a tenant trigger event, the borrower is required to escrow all excess cash flows for tenant improvements and leasing commissions; provided, however, solely during a continuing trigger period caused by a dark tenant trigger event, deposits into the rollover reserve will be suspended for so long as the amount contained therein is equal to or greater than the dark tenant threshold amount.
With respect to Loan No. 14, La Habra Marketplace, the borrower is not required to make the monthly insurance deposits, provided that, (i) no event of default has occurred and is continuing, (ii) the policies maintained by the borrower covering the mortgaged property are part of a blanket or umbrella policy approved by the lender in its reasonable discretion, (iii) the borrower provides the lender evidence of renewal of such policies, (iv) the borrower provides the lender paid receipts for the payment of the insurance premiums by no later than ten (10) business days prior to the expiration dates of the policies, and (v) if law and ordinance coverage is not maintained as part of the blanket or umbrella policy approved by the lender, the borrower is required to (x) maintain a separate law and ordinance policy for the mortgaged property, (y) provide the lender with paid receipts for the payment of the insurance premiums for such policy by no later than ten business days prior to the expiration date of such policy, and (z) provide the lender with evidence of renewal of such policy. The borrower is required to immediately commence monthly insurance deposits payments, within five days of receipt of notice from the lender of the borrower’s failure to comply with the above conditions, which notice will instruct the borrower to immediately commence making all monthly insurance deposits.
With respect to Loan No. 19, Arizona Grand Resort and Spa, upon the disbursement of any funds from the seasonal working capital reserve (the “Seasonality Reserve Trigger”), the borrower is required to deposit (a) during the first year of the loan term, on each monthly payment date in February, March, April, May, and June $650,000 and (b) during each year thereafter, on each monthly payment date in February,
March, April, May, and June, an amount equal to the lesser of: (i) $650,000 and (ii) 1/5th of the positive difference determined by subtracting: (x) the aggregate gross revenue (excluding extraordinary income) received with respect to mortgaged property during the months of June, July, August and December in the immediately preceding calendar year from (y) without duplication, the aggregate of all operating expenses, debt service, deposits to the reserve funds and other amounts payable pursuant to the mortgage loan documents during the months of June, July, August, and December of the immediate preceding calendar year, up to a cap of $3,250,000. Notwithstanding the foregoing, in the event (i) a trigger event has occurred and a portion of the initial seasonality deposit has been disbursed, (ii) it is the first time any portion of the initial seasonality deposit has been applied and (iii) the borrower has cured such trigger event and no other trigger event is continuing, then once the balance in the seasonality reserve is at least $650,000, the borrower will not be required to make ongoing deposits to the reserve until the occurrence of another Seasonality Reserve Trigger. In the event there is a shortfall, provided no event of default is then ongoing, the lender will disburse the available funds from the escrow account during the months of January, July, August and September, in an amount not to exceed the applicable shortfall.
With respect to Loan No. 19, Arizona Grand Resort and Spa, the borrower is required to deposit on a monthly basis, an amount equal to the greatest of (i) 3.0% of the projected gross revenues for the mortgaged property (excluding revenue attributable to the villas subject to the rental pool agreement) for the prior month as set forth in the most recent approved annual budget, (ii) the then-current amount required by the management agreement and (iii) the then-current amount required by any franchise agreement, for approved capital expenditures and the repair and replacement of the FF&E.
With respect to Loan No. 19, Arizona Grand Resort and Spa, the borrower is required to deliver to the lender for deposit in the Refundable Advance Payments account, advance payments and deposits that have been paid by customers and received by the borrower, including advance payments for, among other things, group business, banquets and other events (such amounts, “Refundable Advance Payments”); provided, however, that the borrower is not required to deposit any Refundable Advance Payments with the lender until the borrower has collected over $75,000 in Refundable Advance Payments for the calendar year.
With respect to Loan No. 24, 1516 Motor Parkway, on a monthly basis, the borrowers are required to deposit 1/12th of an amount which would be sufficient to pay insurance premiums for the renewal of coverages; provided the monthly escrow for insurance will be waived for insurance premiums, so long as (i) no event of default has occurred and is continuing, (ii) the policies maintained by the borrowers covering the Mortgaged Property are part of a blanket or umbrella policy approved by the lender, including, without limitation, approval of the schedule of locations and values, (iii) the borrowers provide lender evidence of renewal of such policies, (iv) the borrowers provide the lender paid receipts for the payment of the insurance premiums by no later than 10 days prior to the lapse of the policies, and (v) if law and ordinance coverage is not maintained as part of the blanket or umbrella policy approved by the lender, the borrowers are required to (x) maintain a separate law and ordinance policy for the Mortgaged Property as required in an amount acceptable to the lender, (y) provide the lender with paid receipts for the payment of the insurance premiums for such policy by no later than 10 days prior to the lapse of such policy, and (z) provide the lender with evidence of renewal of such policy. The borrowers are required to commence making the monthly insurance deposit within five days of receipt of notice from the lender of the borrowers’ failure to comply with the above-mentioned requirements. Notwithstanding the foregoing, the borrowers will not be required to make monthly deposits into the insurance reserve so long as (i) no event of default has occurred and is continuing, (ii) the Entourage lease (or an approved triple net lease, if applicable) is in full force and effect and no default beyond any applicable cure period is continuing thereunder, (iii) Entourage lease (or an approved triple net tenant, if applicable) is required under the Entourage lease (or an approved triple net lease, if applicable) to maintain insurance covering the Mortgaged Property in form and substance satisfactory to lender, (iv) the policies maintained by Entourage lease (or an approved triple net tenant, if applicable) covering the mortgaged property are approved by the lender, (v) Entourage lease (or an approved triple net tenant, if applicable) maintains all such policies in full force and effect and (vi) the lender receives, not less than 10 days prior to the lapse of such policies, evidence reasonably satisfactory to the lender that Entourage lease (or an approved triple
net tenant, if applicable) has paid any and all insurance premiums on all such insurance required to be maintained under the loan documents together with evidence of renewals of such insurance policies.
With respect to Loan No. 25, Spark by Hilton O’Hare, the borrower is not required to make monthly deposits for FF&E during the first year of the mortgage loan term. Commencing on the payment date in December 2025, the borrower will be required to deposit 1/12th of 4% of gross revenues monthly for the FF&E reserve.
(20 – Reserve Caps)
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. 14, La Habra Marketplace, so long as no event of default is continuing, in the event that the balance of funds contained in the replacement reserve subaccount and the leasing reserve subaccount, in the aggregate, is equal to or greater than $1,250,000 (the “Reserve Cap”), then the borrower is not required to pay to the lender the replacement reserve monthly deposit or the leasing reserve monthly deposit; provided, however, that upon such time as the balance of funds contained in the replacement reserve subaccount and the leasing reserve subaccount, in the aggregate, has been reduced to an amount less than the Reserve Cap, the borrower is required to recommence paying to the lender the leasing reserve monthly deposit and the replacement reserve monthly deposit until such time as the balance of funds then contained in the leasing reserve subaccount and the replacement reserve subaccount, in the aggregate, is equal to or greater than the Reserve Cap.
(21 – Tenancy Information)
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. 21, Grapevine Mills, the largest tenant, Bass Pro Shops Outdoor World, is a leased fee tenant, which owns its improvements and ground leases the underlying land from the borrower
(22 – Tenancy Information)
With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property.
(23 – Tenancy Information)
The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease.
With respect to Loan No. 19, Arizona Grand Resort and Spa, a portion of the golf course at the mortgaged property (approximately six holes at the golf course) is ground leased from the City of Phoenix, pursuant to a ground lease with an annual rent payment of $100 and an expiration date of July 30, 2057, with no further extension options.
With respect to Loan No. 4, White Oak Village, the Largest Tenant, JCPenney, leases its space pursuant to a ground lease.
(24 – Non-Recourse Carveout Guarantor)
With respect to Loan No. 5, Douglas Dynamics, the non-recourse carve-out guaranty is several (not joint and several), with approximate splits of 80.3% for AG Net Lease Realty Fund V REIT LLC, and 19.7% for AG Net Lease Realty Fund V Investments (H-1), L.P.
With respect to Loan No. 6, South Carolina Industrial, until such time (if ever) that a MycoWorks Credit Rating Event (as defined below) has occurred, the borrower and guarantor will have full recourse liability for (i) a portion of the mortgage Loan in an amount equal to the Recourse Amount (as defined below) whenever the entire outstanding amount of the mortgage loan is in excess of the Recourse Amount or (ii) the entire outstanding amount of the mortgage loan whenever the outstanding principal amount of the mortgage loan is equal to or less than the Recourse Amount (the amount in (i) or (ii), as applicable, “Borrower’s Payment Obligation”), plus any and all late fees and interest accrued on Borrower’s Payment Obligation (including interest at the default rate) and collection costs and expenses incurred by the lender (including reasonable attorneys’ fees and expenses), without reduction on account of any prepayment or amortization of the mortgage loan, it being the intention that the borrower is guaranteeing the last portion of the mortgage loan to be satisfied. In addition, for purposes of this clause (d), Borrower’s Payment Obligation will not be deemed reduced by the fair market value of the mortgaged property in the event that the lender or its designee takes title to the mortgaged property by foreclosure, deed in lieu of foreclosure or otherwise, unless and until the lender or its designee receives any proceeds from a sale or other disposition of the mortgaged property.
“Recourse Amount” means an amount equal to the amount obtained by subtracting (x) $20,000,000.00 from (y) the last dollar of the outstanding principal amount of the mortgage loan; provided, however, that the Release Amount will be decreased by any amounts drawn by Lender from the MycoWorks Letter of Credit and/or the Replacement Letter of Credit and successfully applied to the outstanding principal amount of the mortgage loan.
“MycoWorks Credit Rating Event” will occur (if ever) if the lender receives evidence that MycoWorks has obtained a credit rating of at least BB by S&P (or the equivalent rating by Moody’s).
With respect to Loan No. 21, Grapevine Mills, the non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 20% of the outstanding principal balance of the Grapevine Mills whole loan, plus third party costs actually incurred by the lender (including reasonable attorneys’ fees and costs) in connection with collection of amounts due under the non-recourse carveout guaranty.
(25 – Related Group)
Each letter identifies a group of related borrowers.
| ● | With respect to Loan No. 5, Douglas Dynamics |
| ● | With respect to Loan No. 7, Sterling Portfolio |
| ● | With respect to Loan No. 9, Diamond Ridge Apartments |
| ● | With respect to Loan No. 11, Tropicale Foods |
| ● | With respect to Loan No. 13, Gotham Plaza |
| ● | With respect to Loan No. 16, Quail Meadows Apartments |
| ● | With respect to Loan No. 18, Quantix |
| ● | With respect to Loan No. 24, 1516 Motor Parkway |
(26 – Lockbox Type)
The classification of the lockbox types is described in the prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus for further details.
With respect to Loan No. 8, the Creekside Town Center, no lockbox account or cash management agreement was established at origination. The related loan documents require the borrower to enter into a lockbox account agreement and a cash management agreement with the lender if (i) there is an event of default or (ii) the borrower fails to make a deposit into a required reserve fund as described below. Upon the commencement of a period (i) commencing upon the debt service coverage ratio being less than 1.15x; and (ii) expiring upon the achievement of a debt service coverage ratio of 1.15x or greater for one calendar quarter (a “Creekside DSCR Trigger Period”), the borrower is required to make a deposit in an amount equal to $767,000.00 into a DSCR trigger reserve account. If as of any anniversary of the commencement of the Creekside DSCR Trigger Event Period, such Creekside DSCR Trigger Event Period remains
uncured, then on each such anniversary the borrower is required to elect to either (i) institute a lockbox account and cash management structure or (ii) make an additional $767,000.00 deposit to the DSCR trigger reserve account (unless the borrower has previously elected to implement a lockbox account/cash management structure which remains in effect). Upon the cure of the Creekside DSCR Trigger Event Period, (x) any funds on deposit in the DSCR trigger reserve account are to be disbursed to the borrower and (y) to the extent that clearing account/cash management structure is in place, such structure will be terminated.
With respect to Loan No. 21, Grapevine Mills, during the continuance of a control event or lockbox event period, the loan documents require the borrower to make ongoing monthly deposits for replacement reserves equal to approximately $41,114.
(27 – Tax Abatements)
With respect to Loan No. 2, The Mall of Victor Valley, the borrower sponsor and the City of Victorville entered into a long-term development agreement, effective from 2012 through 2039, which along with approving a framework for mall improvements, also included an assistance payment provision incentivizing the borrower sponsor to proceed with the development. The principal components of the redevelopment included the JCPenney expansion, Macy’s remodel, mall entry remodel, new pylon signs, and backfilling the former JCPenney with DICK’s Sporting Goods. The agreement secured tax increment financing subsidies through the City of Victorville providing a portion of sales tax receipts generated in excess of $1 million, payable annually to the borrower up to a cap of $18.9 million over the 27-year term. The redevelopment work was completed under the agreement, and borrower has received the subsidy since 2013.
With respect to Loan No. 6, South Carolina Industrial, the related mortgaged property is subject to a fee-in-lieu of taxes (“FILOT”) arrangement entered into in connection with the development of the mortgaged property that commenced in 2023 and is scheduled to expire in 2053. According to the FILOT documents, annual property taxes will be abated during the term of the FILOT arrangement subject to, among other things, (i) the obligation of the borrower and the sole tenant at the mortgaged property, MycoWorks, to make FILOT payments equal to the product of (x) the fair market value of the mortgaged property for the first year of the term of the FILOT arrangement, (y) an assessment ratio of 6% and (z) the lowest millage rate permissible, (ii) the continuous operation of the mortgaged property other than a temporary cessation not to exceed 90 days, and (iii) the satisfaction of certain minimum investment requirement by each of the borrower and MycoWorks within the timeframes set forth in the FILOT documents. In addition, all qualifying capital expenses of the borrower and MycoWorks, respectively, qualify for an infrastructure credit equal to 40% of the first ten FILOT payments due under the FILOT arrangement applied as a setoff against the FILOT payment owed for the then current year (the “Infrastructure Credits”) subject to, (i) with respect to the borrower, an investment of at least $37,140,000 in the mortgaged Property and (ii) with respect to MycoWorks, an investment of at least $70,060,000 in the mortgaged property and the creation of at least 389 new full-time jobs (the “Clawback Minimum Requirements”). In the event of a termination of the FILOT arrangement or a failure to satisfy the Clawback Minimum Requirements within the timeframes set forth in the FILOT documents, as applicable, the related county may have the right to recapture amounts abated and/or credited, as applicable (a “Clawback Payment”). The mortgage loan documents provide recourse to the related borrower and guarantor for (i) losses to the lender arising out of or in connection with, among other things, any default under the FILOT arrangement beyond any applicable notice and cure periods contained therein, and (ii) full recourse to the related borrower and guarantor for any Clawback Payment. Estimated unabated property taxes for the 2024/2025 tax year are $1,314,700 versus abated taxes (including any related FILOT Payments) of $915. The lender underwrote taxes assuming the related triple-net tenant would pay any taxes whether or not the related abatement remains in place.
With respect to Loan No. 13, Gotham Plaza, a portion of the related mortgaged property benefits from a 25-year Industrial and Commercial Incentive Program (“ICIP”) tax abatement that commenced in the 2003/2004 tax year in connection with the development of the mortgaged property and is scheduled to expire in the 2027/2028 tax year. According to the appraisal obtained in connection with the origination of the mortgage loan, the ICIP provides for (i) a 100% exemption from real estate taxes attributable to
increases in the assessed value of the mortgaged property for years 1 through 15 of the term of the ICIP and (ii) an exemption percentage decreasing by 10% per year in years 16 through 25 of the term of the ICIP. According to the appraisal, estimated unabated real estate taxes for the applicable portion of the mortgaged property in the 2024/2025 tax year (representing year 22 of the term of the ICIP) are $1,003,096 versus abated real estate taxes of $647,837. In addition, a portion of the mortgaged property benefits from a 35-year 421-a tax abatement, provided that such abatement is contingent upon, among other things, the compliance of certain non-collateral portions of the wider development of which the mortgaged property is a part, including a 233-unit residential building, with certain affordability, rent stabilization and permitted rent requirements. According to the appraisal, the 421-a tax abatement commenced in the 2021/2022 tax year and is scheduled to expire in the 2056/2057 tax year. The 421-a tax abatement provides for (i) during years 1-25 of the term of the 421-a tax abatement, a 100% exemption of real estate taxes over a base year assessment (based on the assessment of the mortgaged property prior to the construction of the related improvements) and (ii) during years 26-35, a 30% exemption of real estate taxes over such base year assessment. According to the appraisal, estimated unabated real estate taxes for the applicable portion of the mortgaged property in the 2024/2025 tax year are $55,680 versus abated real estate taxes of $5,672. The lender underwrote real estate taxes on the basis of a ten-year average including the abatements.
With respect to Loan No. 13, Gotham Plaza, the related mortgage loan documents permit the borrower to subdivide one of the existing condominium units at the mortgaged property into two or more separate condominium units as described under “Condominium Interests and Other Shared Interests”. According to the appraisal, a purpose of the subdivision (which, if effectuated, is anticipated to result in a condominium unit comprised solely of the premises occupied by the MTA (the “MTA Unit”)) is to facilitate the application for a tax exemption for the MTA Unit. According to the appraisal, based on the MTA’s pro rata share of taxes at the mortgaged property of 16.16%, projected tax savings for the 2025/2026 tax year for the mortgaged property would be $166,963. There can be no assurance that a condominium subdivision will occur or that a tax exemption will be obtained for the MTA’s premises as expected or all. The lender underwrote taxes for the MTA’s premises assuming that the MTA would pay any taxes whether or not the related exemption is obtained.
With respect to Loan No. 22, Stop & Shop Elizabeth, the related mortgaged property is subject to a payment-in-lieu of taxes (“PILOT”) arrangement that commenced in 1999 and is scheduled to expire in 2029. According to the appraisal obtained in connection with the origination of the mortgage loan, taxes on the related improvements at the mortgaged property will be abated through the term of the PILOT arrangement (although the related land will continue to be conventionally taxed) subject to, among other things, the borrower’s obligation to make PILOT payments equal to (i) for the first six years of the abatement term, 15% of annual gross revenues at the mortgaged property, (ii) for the next six years, the greater of (x) 15% of annual gross revenues at the mortgaged property or (y) 20% of conventional taxes for the entire mortgaged property and (iii) for each successive six year period, the greater of (x) 15% of annual gross revenues at the mortgaged property and (y) a percentage of conventional taxes for the entire mortgaged property that increases incrementally by 20% so that during the last six years of the abatement period such percentage equals 80% of conventional taxes for the entire mortgaged property. At the end of the PILOT arrangement, the full tax load based on the assessment of both the land and improvements at the mortgaged property is expected to become payable. Estimated unabated taxes for the 2024 tax year are $581,581 versus abated taxes (including any related PILOT payments) of $339,126. The lender underwrote taxes assuming the related triple-net tenant would pay any taxes whether or not the related abatement remains in place.
(28 – Master Lease)
Intentionally Blank
(29 – Property Located Within a Qualified Opportunity Zone (Y/N))
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.
● Loan No. 9, Diamond Ridge Apartments
(30 – Other)
With respect to Loan No. 2, The Mall of Victor Valley, includes $430,166 of underwritten base rent attributable to Sears which has a lease expiration date of October 24, 2024. Sears is a dark tenant but continues to pay its contractual lease obligations.
With respect to Loan No. 4, White Oak Village, Sources: Other Sources ($) consists of seller credits provided in connection with the acquisition of the mortgaged property.
With respect to Loan No. 11, Tropicale Foods, the mortgage loan documents permit the borrower to acquire a fee interest in certain real property (the “Phase 2 Property”) as described in the related loan agreement, provided that the borrower obtains the lender’s prior written consent (not to be not be unreasonably withheld, conditioned or delayed) and satisfaction of certain conditions, including, among other things, (i) no event of default exists, (ii) the borrower has given the lender at least 30 days’ prior written notice of the proposed acquisition of the Phase 2 Property (the “Phase 2 Acquisition Event”), accompanied by evidence that all of the conditions set forth in the underlying purchase agreement with respect to the mortgaged property (the “Underlying PSA”) have been or will be satisfied in the subsequent 30 day period and prior to the borrower’s acquisition of the Phase 2 Property, (iii) delivery of a REMIC opinion and satisfaction of customary REMIC requirements and (iv) the borrower pays all reasonable costs and out-of-pocket expenses of lender actually incurred in connection with the Phase 2 Acquisition Event. Notwithstanding the foregoing or anything in the loan agreement to the contrary, the borrower is required to assign its right, title, interest and obligations under the related purchase agreement with respect to the Phase 2 Property (the “Phase 2 Purchase Agreement”) to a Nominee (as defined in the Underlying PSA) upon the earlier to occur of (1) a Parking LOC Event (as defined below) and (2) (A) satisfaction by the seller of all of the conditions set forth in the Phase 2 Purchase Agreement to the borrower’s obligation to purchase the Phase 2 Property thereunder and (B) the earlier to occur of (i) the lender’s failure to consent to the borrower’s acquisition of the Phase 2 Property pursuant to the terms of the loan agreement and (ii) the date that the seller under the Phase 2 Purchase Agreement notifies the borrower in writing that the conditions set forth in the Phase 2 Purchase Agreement have been satisfied and the borrower elects in writing not to acquire the Phase 2 Property.
A “Parking LOC Event” means the date the tenant satisfies the conditions of the Tropicale lease in order that the borrower is required thereunder to return the Parking Construction Letter of Credit (as defined in the Tropicale lease) to the tenant.
With respect to Loan No. 19, Arizona Grand Resort and Spa, additional collateral for the loan includes the rental pool documents with respect to the Villa Rental Pool Rooms. The owners of the Villa Rental Pool Rooms participate in the mortgaged property’s rental pool program, whereby the units are rented out as additional hotel rooms on behalf of the villa’s owner. Under the terms of the rental pool agreements and related documents, the borrower receives a management fee of (x) with respect to each one-bedroom unit, 50% for the first $105,000 of annual rental revenue and 65% of all annual rental revenue in excess of $105,000, and (y) with respect to each suite unit, 50% for the first $70,000 of annual rental revenue and 65% of all annual rental revenue in excess of $70,000, in each case depending on the amount of annual revenue derived from the Villa Rental Pool Rooms, and a marketing fee. Each owner of the Villa Rental Pool Rooms is responsible for taxes, insurance, association dues, utilities, maintenance and renovation costs to keep the Villa Rental Pool Rooms consistent with the décor of the resort. The villa owners participating in the rental pool are permitted to reserve their Villa Rental Pool Rooms for a maximum of 60 days per year with reservations made at least one year in advance, although at the discretion of the resort management, the unit owner may use their Villa Rental Pool Rooms with shorter notice. Villa unit owners are required to provide 36 months written notice to remove their Villa Rental Pool
Rooms from the rental pool. As of July 26, 2024, there are 101 Villa Rental Pool Rooms participating in the rental pool.
With respect to Loan No. 25, Spark by Hilton O’Hare, the mortgaged property is currently operating as a Comfort Inn under a franchise agreement which expires on or about November 20, 2026. In connection with the origination of the mortgage loan, the borrower executed a 15-year franchise agreement with Hilton Franchise Holding LLC, and upon the satisfaction of certain requirements, including completing a property improvement plan (“PIP”) to conform to Spark by Hilton brand specifications (115% of the remaining cost to complete the PIP was reserved at origination of the mortgage loan), the mortgaged property is permitted to commence operating under the Spark by Hilton brand. The franchise agreement will terminate 15 years from the opening date of the hotel under the Spark by Hilton brand. The borrower sponsor anticipates operating under the Comfort Inn brand for the next 12 to 15 months before converting to the Spark by Hilton brand. At origination of the mortgage loan, the borrower was required to reserve with the lender $1,000,000 into an economic performance reserve. From and after the monthly payment date occurring in November 2025, upon the lender’s confirmation that (i) the required PIP has been completed and paid for, (ii) the mortgaged property is operating as a Spark by Hilton and (iii) the mortgaged property has achieved a net cash flow debt yield of at least 15.5% (based on the trailing 12 calendar months) (all such conditions, the “Economic Performance Reserve Release Conditions”), the economic reserve may be released to the borrower. Additionally, the mortgage loan will initially be full recourse to the guarantors until such time that the Economic Performance Reserve Release Conditions are satisfied.
(31 – Cash Flow Variance)
With respect to Loan No. 12, Springfield Center, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily due to the Largest Tenant, Bob's Discount Furniture, that accounts for 21.4% of net rentable area and $983,034 of underwritten base rent, commencing lease payments in May 2024.
(32 – Use of Funds)
Intentionally Blank
(33 – Tenants-in-common)
With respect to Loan No. 24, 1516 Motor Parkway, the borrowers own the related mortgaged property as tenants-in-common.