FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-258342-02 | ||
Free Writing Prospectus dated August 1, 2022 The depositor has filed a registration statement (including a prospectus) with the SEC (SEC File No. 333-258342) for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com. The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. The information in this File may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value. Any legends, disclaimers or other notices that may appear at the bottom of, or attached to, the email communication to which this material may have been attached are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another email system. | ||
BMARK 2022-B36: Annex A-1
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 | City | County |
1 | |||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 9.4% | 100.0% | CREFI, WFBNA, JPMCB | CREFI/JPMCB | NAP | NAP | 79 Fifth Avenue | New York | New York |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 8.8% | CREFI, BMO, SMC | CREFI | NAP | NAP | Various | New York | New York | |
2.01 | Property | 1 | Yorkshire Towers | 7.5% | 86.1% | 305 East 86th Street | New York | New York | |||||
2.02 | Property | 1 | Lexington Towers | 1.2% | 13.9% | 160 East 88th Street | New York | New York | |||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 8.6% | 100.0% | CREFI | CREFI | NAP | NAP | 39 Broadway | New York | New York |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 8.0% | 100.0% | DBRI | GACC | NAP | NAP | 7051 Willoughby Avenue and 911-953 North Sycamore Avenue | Los Angeles | Los Angeles |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 8.0% | 100.0% | CREFI | CREFI | NAP | NAP | 5900 East Virginia Beach Boulevard | Norfolk | Norfolk City |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 6.6% | 100.0% | JPMCB, MSBNA | JPMCB | NAP | NAP | 1000 Woodward Avenue | Detroit | Wayne |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 5.3% | 100.0% | GSBI | GSMC | NAP | NAP | 800 East Canal Street | Richmond | Richmond City |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 4.6% | 100.0% | DBRI | GACC | NAP | NAP | 2525 16th Street | San Francisco | San Francisco |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 4.3% | GSBI | GSMC | Yes - Group 1 | NAP | Various | Various | Various | |
9.01 | Property | 1 | 2912 3rd Avenue North | 0.7% | 17.6% | 2912 3rd Avenue North | Birmingham | Jefferson | |||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | 0.5% | 12.2% | 85 Sidney Phillips Drive | Mobile | Mobile | |||||
9.03 | Property | 1 | 2609 Clinton Avenue West | 0.2% | 5.1% | 2609 Clinton Avenue West | Huntsville | Madison | |||||
9.04 | Property | 1 | 1130 Lincoln Road | 0.2% | 5.0% | 1130 Lincoln Road | Montgomery | Montgomery | |||||
9.05 | Property | 1 | 3015 10th Avenue | 0.2% | 4.7% | 3015 10th Avenue | Tuscaloosa | Tuscaloosa | |||||
9.06 | Property | 1 | 320 North 3rd Street | 0.2% | 4.6% | 320 North 3rd Street | Gadsden | Etowah | |||||
9.07 | Property | 1 | 458 Bic Road | 0.2% | 4.5% | 458 Bic Road | Dothan | Houston | |||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | 0.2% | 4.3% | 1732 Creighton Avenue Southeast | Decatur | Morgan | |||||
9.09 | Property | 1 | 437 South Noble Street | 0.2% | 4.3% | 437 South Noble Street | Anniston | Calhoun | |||||
9.10 | Property | 1 | 4211 North Jackson Highway | 0.2% | 4.0% | 4211 North Jackson Highway | Sheffield | Colbert | |||||
9.11 | Property | 1 | 2609 Decatur Highway | 0.2% | 3.6% | 2609 Decatur Highway | Gardendale | Jefferson | |||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | 0.1% | 3.5% | 125 Hollywood Boulevard Northeast | Fort Walton Beach | Okaloosa | |||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | 0.1% | 3.3% | 7 Armstrong Street Northwest | Rome | Floyd | |||||
9.14 | Property | 1 | 1212 Webster Avenue | 0.1% | 3.2% | 1212 Webster Avenue | Columbus | Muscogee | |||||
9.15 | Property | 1 | 4025 North Palafox Street | 0.1% | 3.1% | 4025 North Palafox Street | Pensacola | Escambia | |||||
9.16 | Property | 1 | 2310 Frederick Road | 0.1% | 2.5% | 2310 Frederick Road | Opelika | Lee | |||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | 0.1% | 2.5% | 501 & 503 Railroad Avenue | Albertville | Marshall | |||||
9.18 | Property | 1 | 20762 Brinks Willis Road | 0.1% | 2.3% | 20762 Brinks Willis Road | Foley | Baldwin | |||||
9.19 | Property | 1 | 2201-C Highway 31 South | 0.1% | 2.1% | 2201-C Highway 31 South | Pelham | Shelby | |||||
9.20 | Property | 1 | 1112 US Highway 31 South | 0.1% | 1.9% | 1112 US Highway 31 South | Athens | Limestone | |||||
9.21 | Property | 1 | 1916 11th Avenue North | 0.1% | 1.6% | 1916 11th Avenue North | Bessemer | Jefferson | |||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | 0.1% | 1.5% | 1715 Main Avenue Southwest | Cullman | Cullman | |||||
9.23 | Property | 1 | 9715 Milton Jones Road | 0.1% | 1.4% | 9715 Milton Jones Road | Daphne | Baldwin | |||||
9.24 | Property | 1 | 710 Oakhill Road | 0.1% | 1.2% | 710 Oakhill Road | Jasper | Walker | |||||
10 | Loan | 5 | Keylock Storage Portfolio II | 4.2% | CREFI | CREFI | NAP | NAP | Various | Various | Various | ||
10.01 | Property | 1 | Keylock Storage - Middleton | 1.1% | 25.3% | 17792 Middleton Road | Nampa | Canyon | |||||
10.02 | Property | 1 | Keylock Storage - Hayden | 1.0% | 22.5% | 9906 North Government Way | Hayden | Kootenai | |||||
10.03 | Property | 1 | Keylock Storage - Apple | 0.8% | 19.9% | 2200 West Appleway Avenue | Coeur d’Alene | Kootenai | |||||
10.04 | Property | 1 | Keylock Storage - Nampa | 0.7% | 17.6% | 146 North Middleton Road | Nampa | Canyon | |||||
10.05 | Property | 1 | Keylock Storage - Pasco | 0.6% | 14.6% | 3030 West Irving Street | Pasco | Franklin | |||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | 4.0% | GSBI | GSMC | Yes - Group 1 | NAP | Various | Various | Various | |
11.01 | Property | 1 | 1919 Superior Street | 1.9% | 47.4% | 1919 Superior Street | Elkhart | Elkhart | |||||
11.02 | Property | 1 | 11170 Green Valley Drive | 1.7% | 41.7% | 11170 Green Valley Drive | Olive Branch | DeSoto | |||||
11.03 | Property | 1 | 2030 Old Candler Road | 0.4% | 10.9% | 2030 Old Candler Road | Gainesville | Hall | |||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 3.7% | 100.0% | JPMCB | JPMCB | NAP | NAP | 5905-6115 North Illinois Street | Fairview Heights | St. Clair |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 3.1% | CREFI | CREFI | NAP | NAP | Various | Various | Various | ||
13.01 | Property | 1 | Compass Self Storage - Fate | 1.5% | 47.2% | 159 Riding Club Road | Fate | Rockwall | |||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | 0.9% | 28.5% | 2231 Country Club Drive | Mansfield | Tarrant | |||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | 0.8% | 24.3% | 8125 County Road 44 | Leesburg | Lake | |||||
14 | Loan | 1 | 7800 Red Road | 2.7% | 100.0% | GSBI | GSMC | NAP | NAP | 7800 Southwest 57th Avenue | South Miami | Miami-Dade | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 2.2% | DBRI | GACC | NAP | NAP | Various | Various | Various | |
15.01 | Property | 1 | 30 Mount Gilead Church Road | 1.2% | 55.1% | 30 Mount Gilead Church Road | Pittsboro | Chatham | |||||
15.02 | Property | 1 | 1004 Greensboro Road | 1.0% | 44.9% | 1000 and 1004 Greensboro Road | High Point | Guilford | |||||
16 | Loan | 1, 12 | 1 | Covington Center | 2.1% | 100.0% | BSPRT | GACC | NAP | NAP | 17307 Southeast 272nd Street | Covington | King |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | 1.7% | GSBI | GSMC | Yes - Group 1 | NAP | Various | Various | Various | |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | 0.8% | 48.5% | 4001, 4161 & 4171 East 7th Avenue | Tampa | Hillsborough | |||||
17.02 | Property | 1 | 861 Finches Ferry Road | 0.8% | 45.2% | 861 Finches Ferry Road | Eutaw | Greene | |||||
17.03 | Property | 1 | 112 Walker Drive | 0.1% | 6.3% | 112 Walker Drive | Springville | St. Clair | |||||
18 | Loan | 14 | 1 | Paloma Village Center | 1.5% | 100.0% | DBRI | GACC | NAP | NAP | 6330-6370 North Campbell Avenue | Tucson | Pima |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 1.4% | 100.0% | JPMCB | JPMCB | NAP | NAP | 225 Shorecrest Drive | Altamonte Springs | Seminole |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 1.3% | 100.0% | DBRI | GACC | NAP | NAP | 1933 South Broadway | Los Angeles | Los Angeles |
21 | Loan | 13, 21 | 1 | South Park Business Center | 1.1% | 100.0% | CREFI | CREFI | NAP | NAP | 21-63 and 50-164 South Park Boulevard | Greenwood | Johnson |
22 | Loan | 1 | Chantilly Self Storage | 1.1% | 100.0% | GSBI | GSMC | NAP | NAP | 14151 Mariah Court | Chantilly | Fairfax | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 0.9% | DBRI | GACC | Yes - Group 2 | NAP | Various | Various | Marquette | |
23.01 | Property | 1 | ABC Storage | 0.7% | 82.0% | 600 Carson Road, 790 US Highway 41 and 19 US Highway 41 East | Ishpeming and Negaunee | Marquette | |||||
23.02 | Property | 1 | ABC Easy | 0.2% | 18.0% | 1120 East State Highway M-35 and 295 South State Highway M553 | Gwinn | Marquette | |||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 0.9% | LCF | GACC | NAP | NAP | Various | Various | Various | |
24.01 | Property | 1 | CVS - South Orange | 0.7% | 79.5% | 12077 South Orange Blossom Trail | Orlando | Orange | |||||
24.02 | Property | 1 | Dollar General - Mims | 0.2% | 20.5% | 3685 Lionel Road | Mims | Brevard | |||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | 0.8% | 100.0% | GSBI | GSMC | NAP | NAP | 7700 Montpelier Road | Laurel | Howard |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | 0.8% | 100.0% | DBRI | GACC | NAP | NAP | 2586 Coney Island Avenue | Brooklyn | Kings |
27 | Loan | 13 | 1 | Village at Thrashers | 0.8% | 100.0% | DBRI | GACC | NAP | NAP | 20804-20806 Bothell Everett Highway | Bothell | Snohomish |
28 | Loan | 18 | 1 | Stonington Self Storage | 0.8% | 100.0% | CREFI | CREFI | NAP | NAP | 30 Extrusion Drive | Stonington | New London |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 0.6% | GSBI | GSMC | NAP | NAP | Various | Various | Various | |
29.01 | Property | 1 | West Valley | 0.3% | 57.7% | 1656 Whitlock Avenue | West Valley City | Salt Lake | |||||
29.02 | Property | 1 | Layton | 0.2% | 42.3% | 3207 North 750 East | Layton | Davis | |||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | 0.4% | 100.0% | DBRI | GACC | Yes - Group 2 | NAP | 5656 Military Parkway | Dallas | Dallas |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | 0.3% | 100.0% | DBRI | GACC | Yes - Group 2 | NAP | 2130 Wagner Ford Road | Dayton | Montgomery |
A-1-1
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) |
2 | 2 | 3 | 4,5 | |||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | New York | 10003 | Office | CBD | 1906 | 2016 | 345,751 | SF | 694.14 | 71,000,000 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | New York | Various | Multifamily | High Rise | Various | Various | 808 | Units | 393,564.36 | 66,000,000 |
2.01 | Property | 1 | Yorkshire Towers | New York | 10028 | Multifamily | High Rise | 1964 | 2014, 2022 | 681 | Units | 56,798,742 | ||
2.02 | Property | 1 | Lexington Towers | New York | 10128 | Multifamily | High Rise | 1963 | 2014 | 127 | Units | 9,201,258 | ||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | New York | 10006 | Office | CBD | 1927 | 2005 | 450,583 | SF | 188.64 | 65,000,000 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | California | 90038 | Mixed Use | Office/Retail | 2019 | NAP | 138,294 | SF | 433.86 | 60,000,000 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | Virginia | 23502 | Retail | Anchored | 1959 | 2003 | 842,216 | SF | 71.24 | 60,000,000 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | Michigan | 48226 | Office | CBD | 2003 | 2019-2020 | 1,356,325 | SF | 160.73 | 50,000,000 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | Virginia | 23219 | Office | CBD | 2015 | NAP | 333,030 | SF | 120.11 | 40,000,000 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | California | 94103 | Mixed Use | Industrial/Office | 1924 | 2021 | 172,328 | SF | 580.29 | 35,000,000 |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | Various | Various | Industrial | Various | Various | Various | 606,967 | SF | 52.85 | 32,076,375 |
9.01 | Property | 1 | 2912 3rd Avenue North | Alabama | 35203 | Industrial | Flex | 1980 | 1990 | 84,147 | SF | 5,629,460 | ||
9.02 | Property | 1 | 85 Sidney Phillips Drive | Alabama | 36607 | Industrial | Flex | 1980 | NAP | 67,829 | SF | 3,926,188 | ||
9.03 | Property | 1 | 2609 Clinton Avenue West | Alabama | 35805 | Industrial | Flex | 1961 | 1992 | 28,488 | SF | 1,633,987 | ||
9.04 | Property | 1 | 1130 Lincoln Road | Alabama | 36109 | Industrial | Flex | 1990 | 2007 | 36,763 | SF | 1,587,796 | ||
9.05 | Property | 1 | 3015 10th Avenue | Alabama | 35401 | Industrial | Flex | 1985 | NAP | 31,578 | SF | 1,518,511 | ||
9.06 | Property | 1 | 320 North 3rd Street | Alabama | 35901 | Industrial | Warehouse/Distribution | 1968 | 1991 | 30,916 | SF | 1,483,868 | ||
9.07 | Property | 1 | 458 Bic Road | Alabama | 36303 | Industrial | Flex | 1986 | 2020 | 34,173 | SF | 1,437,677 | ||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | Alabama | 35601 | Industrial | Flex | 1975 | 1991 | 28,070 | SF | 1,379,939 | ||
9.09 | Property | 1 | 437 South Noble Street | Alabama | 36201 | Industrial | Flex | 1973 | 2002 | 27,878 | SF | 1,385,713 | ||
9.10 | Property | 1 | 4211 North Jackson Highway | Alabama | 35660 | Industrial | Flex | 1978 | 1998 | 25,851 | SF | 1,287,559 | ||
9.11 | Property | 1 | 2609 Decatur Highway | Alabama | 35071 | Industrial | Flex | 1975 | 2018 | 19,891 | SF | 1,140,327 | ||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | Florida | 32548 | Industrial | Flex | 1991 | NAP | 15,839 | SF | 1,114,344 | ||
9.13 | Property | 1 | 7 Armstrong Street Northwest | Georgia | 30165 | Industrial | Flex | 1991 | NAP | 20,110 | SF | 1,056,606 | ||
9.14 | Property | 1 | 1212 Webster Avenue | Georgia | 31901 | Industrial | Flex | 2003 | NAP | 18,416 | SF | 1,039,285 | ||
9.15 | Property | 1 | 4025 North Palafox Street | Florida | 32505 | Industrial | Flex | 1971 | NAP | 14,415 | SF | 998,868 | ||
9.16 | Property | 1 | 2310 Frederick Road | Alabama | 36801 | Industrial | Flex | 1995 | NAP | 17,494 | SF | 808,333 | ||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | Alabama | 35950 | Industrial | Warehouse/Distribution | 1991 | NAP | 17,816 | SF | 802,559 | ||
9.18 | Property | 1 | 20762 Brinks Willis Road | Alabama | 36535 | Industrial | Flex | 2003 | NAP | 14,894 | SF | 721,726 | ||
9.19 | Property | 1 | 2201-C Highway 31 South | Alabama | 35124 | Industrial | Flex | 1980 | NAP | 16,936 | SF | 678,422 | ||
9.20 | Property | 1 | 1112 US Highway 31 South | Alabama | 35611 | Industrial | Flex | 1970 | NAP | 15,649 | SF | 623,571 | ||
9.21 | Property | 1 | 1916 11th Avenue North | Alabama | 35020 | Industrial | Flex | 1993 | 2008 | 10,992 | SF | 513,869 | ||
9.22 | Property | 1 | 1715 Main Avenue Southwest | Alabama | 35055 | Industrial | Flex | 2002 | NAP | 10,086 | SF | 476,339 | ||
9.23 | Property | 1 | 9715 Milton Jones Road | Alabama | 36526 | Industrial | Flex | 2015 | NAP | 10,089 | SF | 438,809 | ||
9.24 | Property | 1 | 710 Oakhill Road | Alabama | 35504 | Industrial | Flex | 1995 | NAP | 8,647 | SF | 392,619 | ||
10 | Loan | 5 | Keylock Storage Portfolio II | Various | Various | Self Storage | Self Storage | Various | Various | 414,658 | SF | 77.17 | 32,000,000 | |
10.01 | Property | 1 | Keylock Storage - Middleton | Idaho | 83687 | Self Storage | Self Storage | 2007, 2015 | NAP | 133,960 | SF | 8,097,474 | ||
10.02 | Property | 1 | Keylock Storage - Hayden | Idaho | 83835 | Self Storage | Self Storage | 1984, 2021 | NAP | 75,946 | SF | 7,201,601 | ||
10.03 | Property | 1 | Keylock Storage - Apple | Idaho | 83814 | Self Storage | Self Storage | 1976 | 2004 | 71,882 | SF | 6,375,305 | ||
10.04 | Property | 1 | Keylock Storage - Nampa | Idaho | 83651 | Self Storage | Self Storage | 2006, 2019, 2021 | NAP | 70,920 | SF | 5,639,768 | ||
10.05 | Property | 1 | Keylock Storage - Pasco | Washington | 99301 | Self Storage | Self Storage | 2001 | NAP | 61,950 | SF | 4,685,852 | ||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | Various | Various | Industrial | Various | Various | NAP | 861,600 | SF | 35.04 | 30,187,500 |
11.01 | Property | 1 | 1919 Superior Street | Indiana | 46516 | Industrial | Manufacturing/Distribution | 1946 | NAP | 423,800 | SF | 14,317,500 | ||
11.02 | Property | 1 | 11170 Green Valley Drive | Mississippi | 38654 | Industrial | Warehouse/Distribution | 1986 | NAP | 340,000 | SF | 12,592,500 | ||
11.03 | Property | 1 | 2030 Old Candler Road | Georgia | 30507 | Industrial | Manufacturing | 1984 | NAP | 97,800 | SF | 3,277,500 | ||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | Illinois | 62208 | Retail | Anchored | 1986-2002 | NAP | 272,060 | SF | 102.96 | 28,012,500 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | Various | Various | Self Storage | Self Storage | Various | Various | 311,774 | SF | 75.38 | 23,500,000 | |
13.01 | Property | 1 | Compass Self Storage - Fate | Texas | 75087 | Self Storage | Self Storage | 2008 | 2016 | 143,169 | SF | 11,100,000 | ||
13.02 | Property | 1 | Compass Self Storage - Mansfield | Texas | 76063 | Self Storage | Self Storage | 2016 | NAP | 100,200 | SF | 6,700,000 | ||
13.03 | Property | 1 | Compass Self Storage - Leesburg | Florida | 34788 | Self Storage | Self Storage | 1995 | NAP | 68,405 | SF | 5,700,000 | ||
14 | Loan | 1 | 7800 Red Road | Florida | 33143 | Office | Suburban | 1971 | 2017 | 57,128 | SF | 350.09 | 20,000,000 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | North Carolina | Various | Self Storage | Self Storage | Various | Various | 157,374 | SF | 107.39 | 16,900,000 |
15.01 | Property | 1 | 30 Mount Gilead Church Road | North Carolina | 27312 | Self Storage | Self Storage | 1994, 1995, 2012, 2013, 2015 | 2017 | 82,314 | SF | 9,311,146 | ||
15.02 | Property | 1 | 1004 Greensboro Road | North Carolina | 27260 | Self Storage | Self Storage | 2000, 2016, 2018, 2019 | NAP | 75,060 | SF | 7,588,854 | ||
16 | Loan | 1, 12 | 1 | Covington Center | Washington | 98042 | Retail | Anchored | 1963-2008 | 2011 | 119,529 | SF | 133.86 | 16,000,000 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | Various | Various | Various | Various | Various | Various | 332,681 | SF | 39.58 | 13,167,500 |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | Florida | 33605 | Mixed Use | Industrial/Office | 1965, 1980, 1986, 2015 | NAP | 90,647 | SF | 6,382,500 | ||
17.02 | Property | 1 | 861 Finches Ferry Road | Alabama | 35462 | Industrial | Manufacturing | 1980 | 1985-2006 | 205,792 | SF | 5,951,250 | ||
17.03 | Property | 1 | 112 Walker Drive | Alabama | 35146 | Industrial | Manufacturing | 1972 | NAP | 36,242 | SF | 833,750 | ||
18 | Loan | 14 | 1 | Paloma Village Center | Arizona | 85718 | Retail | Anchored | 2004 | NAP | 38,347 | SF | 292.07 | 11,200,000 |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | Florida | 32701 | Hospitality | Full Service | 1985 | 2022 | 277 | Rooms | 38,267.15 | 10,600,000 |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | California | 90007 | Mixed Use | Office/Retail | 1958 | 2019 | 806,960 | SF | 185.88 | 10,000,000 |
21 | Loan | 13, 21 | 1 | South Park Business Center | Indiana | 46143 | Industrial | Flex | 1989, 1990 | NAP | 125,596 | SF | 67.44 | 8,470,000 |
22 | Loan | 1 | Chantilly Self Storage | Virginia | 20151 | Self Storage | Self Storage | 1998 | NAP | 71,087 | SF | 112.54 | 8,000,000 | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | Michigan | Various | Self Storage | Self Storage | 2005 | NAP | 196,456 | SF | 34.58 | 6,792,500 |
23.01 | Property | 1 | ABC Storage | Michigan | 49849 and 49866 | Self Storage | Self Storage | 2005 | NAP | 158,056 | SF | 5,567,500 | ||
23.02 | Property | 1 | ABC Easy | Michigan | 49841 | Self Storage | Self Storage | 2005 | NAP | 38,400 | SF | 1,225,000 | ||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | Florida | Various | Retail | Single Tenant | Various | NAP | 22,872 | SF | 288.56 | 6,600,000 |
24.01 | Property | 1 | CVS - South Orange | Florida | 32837 | Retail | Single Tenant | 2010 | NAP | 13,846 | SF | 5,244,427 | ||
24.02 | Property | 1 | Dollar General - Mims | Florida | 32754 | Retail | Single Tenant | 2022 | NAP | 9,026 | SF | 1,355,573 | ||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | Maryland | 20723 | Mixed Use | Industrial/Office | 2001 | NAP | 43,785 | SF | 141.37 | 6,190,000 |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | New York | 11230 | Other | Leased Fee | 2008 | NAP | 12,394 | SF | 488.14 | 6,050,000 |
27 | Loan | 13 | 1 | Village at Thrashers | Washington | 98021 | Retail | Unanchored | 2004 | NAP | 17,488 | SF | 331.66 | 5,800,000 |
28 | Loan | 18 | 1 | Stonington Self Storage | Connecticut | 06379 | Self Storage | Self Storage | 2017-2022 | NAP | 53,025 | SF | 107.50 | 5,700,000 |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | Utah | Various | Self Storage | Self Storage | Various | NAP | 63,337 | SF | 67.73 | 4,290,000 |
29.01 | Property | 1 | West Valley | Utah | 84119 | Self Storage | Self Storage | 2012 | NAP | 31,439 | SF | 2,475,000 | ||
29.02 | Property | 1 | Layton | Utah | 84041 | Self Storage | Self Storage | 2005 | NAP | 31,898 | SF | 1,815,000 | ||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | Texas | 75227 | Self Storage | Self Storage | 1979 | 2020-2021 | 34,930 | SF | 85.89 | 3,000,000 |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | Ohio | 45414 | Self Storage | Self Storage | 1997 | 2021 | 51,395 | SF | 44.17 | 2,270,000 |
A-1-2
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) |
4,5 | 4 | 6 | 6 | 6 | 7,8,9 | 7,9 | 8,9 | 9 | |||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 71,000,000 | 71,000,000 | 4.92000% | 0.01579% | 4.90421% | NAP | 295,143.06 | NAP | 3,541,716.72 | Interest Only | No |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 66,000,000 | 66,000,000 | 3.04000% | 0.01579% | 3.02421% | NAP | 169,522.22 | NAP | 2,034,266.64 | Interest Only | No |
2.01 | Property | 1 | Yorkshire Towers | 56,798,742 | 56,798,742 | ||||||||||
2.02 | Property | 1 | Lexington Towers | 9,201,258 | 9,201,258 | ||||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 65,000,000 | 65,000,000 | 5.05000% | 0.01579% | 5.03421% | NAP | 277,340.86 | NAP | 3,328,090.32 | Interest Only | No |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 60,000,000 | 60,000,000 | 5.44000% | 0.01579% | 5.42421% | NAP | 275,777.78 | NAP | 3,309,333.36 | Interest Only | No |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 60,000,000 | 60,000,000 | 5.31000% | 0.01579% | 5.29421% | NAP | 269,187.50 | NAP | 3,230,250.00 | Interest Only | No |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 50,000,000 | 50,000,000 | 6.02000% | 0.06454% | 5.95546% | NAP | 254,317.13 | NAP | 3,051,805.56 | Interest Only | No |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 40,000,000 | 40,000,000 | 5.92100% | 0.03579% | 5.88521% | NAP | 200,107.87 | NAP | 2,401,294.44 | Interest Only | No |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 35,000,000 | 35,000,000 | 5.19750% | 0.01579% | 5.18171% | NAP | 153,699.22 | NAP | 1,844,390.64 | Interest Only | No |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 32,076,375 | 32,076,375 | 4.43000% | 0.01579% | 4.41421% | NAP | 120,059.94 | NAP | 1,440,719.28 | Interest Only | No |
9.01 | Property | 1 | 2912 3rd Avenue North | 5,629,460 | 5,629,460 | ||||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | 3,926,188 | 3,926,188 | ||||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | 1,633,987 | 1,633,987 | ||||||||||
9.04 | Property | 1 | 1130 Lincoln Road | 1,587,796 | 1,587,796 | ||||||||||
9.05 | Property | 1 | 3015 10th Avenue | 1,518,511 | 1,518,511 | ||||||||||
9.06 | Property | 1 | 320 North 3rd Street | 1,483,868 | 1,483,868 | ||||||||||
9.07 | Property | 1 | 458 Bic Road | 1,437,677 | 1,437,677 | ||||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | 1,379,939 | 1,379,939 | ||||||||||
9.09 | Property | 1 | 437 South Noble Street | 1,385,713 | 1,385,713 | ||||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | 1,287,559 | 1,287,559 | ||||||||||
9.11 | Property | 1 | 2609 Decatur Highway | 1,140,327 | 1,140,327 | ||||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | 1,114,344 | 1,114,344 | ||||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | 1,056,606 | 1,056,606 | ||||||||||
9.14 | Property | 1 | 1212 Webster Avenue | 1,039,285 | 1,039,285 | ||||||||||
9.15 | Property | 1 | 4025 North Palafox Street | 998,868 | 998,868 | ||||||||||
9.16 | Property | 1 | 2310 Frederick Road | 808,333 | 808,333 | ||||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | 802,559 | 802,559 | ||||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | 721,726 | 721,726 | ||||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | 678,422 | 678,422 | ||||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | 623,571 | 623,571 | ||||||||||
9.21 | Property | 1 | 1916 11th Avenue North | 513,869 | 513,869 | ||||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | 476,339 | 476,339 | ||||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | 438,809 | 438,809 | ||||||||||
9.24 | Property | 1 | 710 Oakhill Road | 392,619 | 392,619 | ||||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | 32,000,000 | 32,000,000 | 5.60000% | 0.01579% | 5.58421% | NAP | 151,407.41 | NAP | 1,816,888.92 | Interest Only | No | |
10.01 | Property | 1 | Keylock Storage - Middleton | 8,097,474 | 8,097,474 | ||||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | 7,201,601 | 7,201,601 | ||||||||||
10.03 | Property | 1 | Keylock Storage - Apple | 6,375,305 | 6,375,305 | ||||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | 5,639,768 | 5,639,768 | ||||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | 4,685,852 | 4,685,852 | ||||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | 30,187,500 | 30,187,500 | 4.36000% | 0.01579% | 4.34421% | NAP | 111,204.60 | NAP | 1,334,455.20 | Interest Only | No |
11.01 | Property | 1 | 1919 Superior Street | 14,317,500 | 14,317,500 | ||||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | 12,592,500 | 12,592,500 | ||||||||||
11.03 | Property | 1 | 2030 Old Candler Road | 3,277,500 | 3,277,500 | ||||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 28,012,500 | 28,012,500 | 5.16000% | 0.01579% | 5.14421% | NAP | 122,126.72 | NAP | 1,465,520.64 | Interest Only | No |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 23,500,000 | 23,500,000 | 5.48000% | 0.01579% | 5.46421% | NAP | 108,807.18 | NAP | 1,305,686.16 | Interest Only | No | |
13.01 | Property | 1 | Compass Self Storage - Fate | 11,100,000 | 11,100,000 | ||||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | 6,700,000 | 6,700,000 | ||||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | 5,700,000 | 5,700,000 | ||||||||||
14 | Loan | 1 | 7800 Red Road | 20,000,000 | 20,000,000 | 6.35000% | 0.01579% | 6.33421% | NAP | 107,303.24 | NAP | 1,287,638.88 | Interest Only | No | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 16,900,000 | 16,900,000 | 5.31300% | 0.01579% | 5.29721% | NAP | 75,863.98 | NAP | 910,367.76 | Interest Only | No |
15.01 | Property | 1 | 30 Mount Gilead Church Road | 9,311,146 | 9,311,146 | ||||||||||
15.02 | Property | 1 | 1004 Greensboro Road | 7,588,854 | 7,588,854 | ||||||||||
16 | Loan | 1, 12 | 1 | Covington Center | 16,000,000 | 16,000,000 | 5.68500% | 0.01579% | 5.66921% | NAP | 76,852.78 | NAP | 922,233.36 | Interest Only | No |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | 13,167,500 | 13,167,500 | 4.43000% | 0.01579% | 4.41421% | NAP | 49,285.16 | NAP | 591,421.92 | Interest Only | No |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | 6,382,500 | 6,382,500 | ||||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | 5,951,250 | 5,951,250 | ||||||||||
17.03 | Property | 1 | 112 Walker Drive | 833,750 | 833,750 | ||||||||||
18 | Loan | 14 | 1 | Paloma Village Center | 11,200,000 | 11,200,000 | 5.00000% | 0.01579% | 4.98421% | NAP | 47,314.81 | NAP | 567,777.72 | Interest Only | No |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 10,600,000 | 7,824,829 | 5.81800% | 0.01579% | 5.80221% | 74,832.94 | 52,106.12 | 897,995.28 | 625,273.44 | Interest Only, Amortizing Balloon | No |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 10,000,000 | 10,000,000 | 5.42500% | 0.01579% | 5.40921% | NAP | 45,836.23 | NAP | 550,034.76 | Interest Only | No |
21 | Loan | 13, 21 | 1 | South Park Business Center | 8,470,000 | 7,802,594 | 6.07000% | 0.01579% | 6.05421% | 51,163.74 | 43,439.14 | 613,964.88 | 521,269.68 | Interest Only, Amortizing Balloon | No |
22 | Loan | 1 | Chantilly Self Storage | 8,000,000 | 8,000,000 | 5.50400% | 0.01579% | 5.48821% | NAP | 37,202.96 | NAP | 446,435.52 | Interest Only | No | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 6,792,500 | 6,792,500 | 5.66000% | 0.01579% | 5.64421% | NAP | 32,482.93 | NAP | 389,795.16 | Interest Only | No |
23.01 | Property | 1 | ABC Storage | 5,567,500 | 5,567,500 | ||||||||||
23.02 | Property | 1 | ABC Easy | 1,225,000 | 1,225,000 | ||||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 6,600,000 | 6,600,000 | 6.06400% | 0.01579% | 6.04821% | NAP | 33,815.22 | NAP | 405,782.64 | Interest Only | No |
24.01 | Property | 1 | CVS - South Orange | 5,244,427 | 5,244,427 | ||||||||||
24.02 | Property | 1 | Dollar General - Mims | 1,355,573 | 1,355,573 | ||||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | 6,190,000 | 6,190,000 | 5.71000% | 0.05579% | 5.65421% | NAP | 29,863.17 | NAP | 358,358.04 | Interest Only | No |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | 6,050,000 | 6,050,000 | 5.63000% | 0.01579% | 5.61421% | NAP | 28,778.81 | NAP | 345,345.72 | Interest Only | No |
27 | Loan | 13 | 1 | Village at Thrashers | 5,800,000 | 5,800,000 | 6.04600% | 0.01579% | 6.03021% | NAP | 29,628.20 | NAP | 355,538.40 | Interest Only | No |
28 | Loan | 18 | 1 | Stonington Self Storage | 5,700,000 | 5,700,000 | 5.93000% | 0.01579% | 5.91421% | NAP | 28,558.72 | NAP | 342,704.64 | Interest Only | No |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 4,290,000 | 4,290,000 | 6.15000% | 0.01579% | 6.13421% | NAP | 22,291.61 | NAP | 267,499.32 | Interest Only | No |
29.01 | Property | 1 | West Valley | 2,475,000 | 2,475,000 | ||||||||||
29.02 | Property | 1 | Layton | 1,815,000 | 1,815,000 | ||||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | 3,000,000 | 3,000,000 | 5.31900% | 0.01579% | 5.30321% | NAP | 13,482.19 | NAP | 161,786.28 | Interest Only | No |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | 2,270,000 | 2,270,000 | 5.43600% | 0.01579% | 5.42021% | NAP | 10,425.92 | NAP | 125,111.04 | Interest Only | No |
A-1-3
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date |
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 4/29/2022 | 3 | 6 | 6/6/2022 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/12/2022 | 2 | 6 | 7/6/2022 |
2.01 | Property | 1 | Yorkshire Towers | ||||||||||||
2.02 | Property | 1 | Lexington Towers | ||||||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/7/2022 | 0 | 6 | 9/6/2022 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/27/2022 | 0 | 6 | 9/6/2022 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 7/6/2022 | 1 | 6 | 8/6/2022 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/28/2022 | 1 | 1 | 8/1/2022 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/30/2022 | 1 | 6 | 8/6/2022 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/8/2022 | 1 | 6 | 8/6/2022 |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/8/2022 | 1 | 6 | 8/6/2022 |
9.01 | Property | 1 | 2912 3rd Avenue North | ||||||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | ||||||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | ||||||||||||
9.04 | Property | 1 | 1130 Lincoln Road | ||||||||||||
9.05 | Property | 1 | 3015 10th Avenue | ||||||||||||
9.06 | Property | 1 | 320 North 3rd Street | ||||||||||||
9.07 | Property | 1 | 458 Bic Road | ||||||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | ||||||||||||
9.09 | Property | 1 | 437 South Noble Street | ||||||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | ||||||||||||
9.11 | Property | 1 | 2609 Decatur Highway | ||||||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | ||||||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | ||||||||||||
9.14 | Property | 1 | 1212 Webster Avenue | ||||||||||||
9.15 | Property | 1 | 4025 North Palafox Street | ||||||||||||
9.16 | Property | 1 | 2310 Frederick Road | ||||||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | ||||||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | ||||||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | ||||||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | ||||||||||||
9.21 | Property | 1 | 1916 11th Avenue North | ||||||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | ||||||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | ||||||||||||
9.24 | Property | 1 | 710 Oakhill Road | ||||||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/27/2022 | 0 | 6 | 9/6/2022 | |
10.01 | Property | 1 | Keylock Storage - Middleton | ||||||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | ||||||||||||
10.03 | Property | 1 | Keylock Storage - Apple | ||||||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | ||||||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | ||||||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/7/2022 | 1 | 6 | 8/6/2022 |
11.01 | Property | 1 | 1919 Superior Street | ||||||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | ||||||||||||
11.03 | Property | 1 | 2030 Old Candler Road | ||||||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/25/2022 | 2 | 5 | 7/5/2022 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/14/2022 | 0 | 6 | 9/6/2022 | |
13.01 | Property | 1 | Compass Self Storage - Fate | ||||||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | ||||||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | ||||||||||||
14 | Loan | 1 | 7800 Red Road | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/16/2022 | 1 | 6 | 8/6/2022 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 7/6/2022 | 1 | 6 | 8/6/2022 |
15.01 | Property | 1 | 30 Mount Gilead Church Road | ||||||||||||
15.02 | Property | 1 | 1004 Greensboro Road | ||||||||||||
16 | Loan | 1, 12 | 1 | Covington Center | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 5/6/2022 | 3 | 6 | 6/6/2022 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 6/1/2022 | 2 | 6 | 7/6/2022 |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | ||||||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | ||||||||||||
17.03 | Property | 1 | 112 Walker Drive | ||||||||||||
18 | Loan | 14 | 1 | Paloma Village Center | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/13/2022 | 1 | 6 | 8/6/2022 |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | Actual/360 | 24 | 23 | 120 | 119 | 240 | 240 | 6/2/2022 | 1 | 1 | 8/1/2022 |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 4/13/2022 | 3 | 6 | 6/6/2022 |
21 | Loan | 13, 21 | 1 | South Park Business Center | Actual/360 | 48 | 48 | 120 | 120 | 360 | 360 | 7/8/2022 | 0 | 6 | 9/6/2022 |
22 | Loan | 1 | Chantilly Self Storage | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/14/2022 | 0 | 6 | 9/6/2022 | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/10/2022 | 1 | 6 | 8/6/2022 |
23.01 | Property | 1 | ABC Storage | ||||||||||||
23.02 | Property | 1 | ABC Easy | ||||||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/11/2022 | 2 | 6 | 7/6/2022 |
24.01 | Property | 1 | CVS - South Orange | ||||||||||||
24.02 | Property | 1 | Dollar General - Mims | ||||||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/18/2022 | 0 | 6 | 9/6/2022 |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/22/2022 | 1 | 6 | 8/6/2022 |
27 | Loan | 13 | 1 | Village at Thrashers | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 6/23/2022 | 1 | 6 | 8/6/2022 |
28 | Loan | 18 | 1 | Stonington Self Storage | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/12/2022 | 0 | 6 | 9/6/2022 |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 7/22/2022 | 0 | 6 | 9/6/2022 |
29.01 | Property | 1 | West Valley | ||||||||||||
29.02 | Property | 1 | Layton | ||||||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 5/25/2022 | 2 | 6 | 7/6/2022 |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 6/1/2022 | 2 | 6 | 7/6/2022 |
A-1-4
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date |
10 | 10 | 11,12 | 13 | |||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | NAP | 5/6/2032 | NAP | 0 | 0 | L(27),D(88),O(5) | 26,934,139 | 8,571,958 | 18,362,181 | 12/31/2021 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | NAP | 6/6/2027 | NAP | 0 | 0 | L(26),D(29),O(5) | 40,995,144 | 15,672,705 | 25,322,439 | 2/28/2022 |
2.01 | Property | 1 | Yorkshire Towers | NAV | NAV | NAV | NAV | |||||||
2.02 | Property | 1 | Lexington Towers | NAV | NAV | NAV | NAV | |||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),D(92),O(4) | 17,404,673 | 7,920,636 | 9,484,037 | 3/31/2022 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),D(89),O(7) | 7,039,868 | 2,315,877 | 4,723,991 | 5/31/2022 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(91),O(4) | 11,413,308 | 3,991,471 | 7,421,837 | 5/31/2022 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | NAP | 7/1/2032 | NAP | 0 | 0 | L(25),D(91),O(4) | 45,619,900 | 20,065,815 | 25,554,085 | 3/31/2022 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | NAP | 7/6/2027 | NAP | 5 | 5 | L(25),D(32),O(3) | 12,800,864 | 3,554,116 | 9,246,748 | 5/31/2022 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(90),O(5) | NAV | NAV | NAV | NAV |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | NAP | 7/6/2032 | NAP | 0 | 0 | L(23),YM1(2),DorYM1(90),O(5) | NAV | NAV | NAV | NAV |
9.01 | Property | 1 | 2912 3rd Avenue North | NAV | NAV | NAV | NAV | |||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAV | NAV | NAV | NAV | |||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | NAV | NAV | NAV | NAV | |||||||
9.04 | Property | 1 | 1130 Lincoln Road | NAV | NAV | NAV | NAV | |||||||
9.05 | Property | 1 | 3015 10th Avenue | NAV | NAV | NAV | NAV | |||||||
9.06 | Property | 1 | 320 North 3rd Street | NAV | NAV | NAV | NAV | |||||||
9.07 | Property | 1 | 458 Bic Road | NAV | NAV | NAV | NAV | |||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAV | NAV | NAV | NAV | |||||||
9.09 | Property | 1 | 437 South Noble Street | NAV | NAV | NAV | NAV | |||||||
9.10 | Property | 1 | 4211 North Jackson Highway | NAV | NAV | NAV | NAV | |||||||
9.11 | Property | 1 | 2609 Decatur Highway | NAV | NAV | NAV | NAV | |||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAV | NAV | NAV | NAV | |||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAV | NAV | NAV | NAV | |||||||
9.14 | Property | 1 | 1212 Webster Avenue | NAV | NAV | NAV | NAV | |||||||
9.15 | Property | 1 | 4025 North Palafox Street | NAV | NAV | NAV | NAV | |||||||
9.16 | Property | 1 | 2310 Frederick Road | NAV | NAV | NAV | NAV | |||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAV | NAV | NAV | NAV | |||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | NAV | NAV | NAV | NAV | |||||||
9.19 | Property | 1 | 2201-C Highway 31 South | NAV | NAV | NAV | NAV | |||||||
9.20 | Property | 1 | 1112 US Highway 31 South | NAV | NAV | NAV | NAV | |||||||
9.21 | Property | 1 | 1916 11th Avenue North | NAV | NAV | NAV | NAV | |||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAV | NAV | NAV | NAV | |||||||
9.23 | Property | 1 | 9715 Milton Jones Road | NAV | NAV | NAV | NAV | |||||||
9.24 | Property | 1 | 710 Oakhill Road | NAV | NAV | NAV | NAV | |||||||
10 | Loan | 5 | Keylock Storage Portfolio II | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),D(93),O(3) | 4,144,143 | 1,241,704 | 2,902,439 | 5/31/2022 | |
10.01 | Property | 1 | Keylock Storage - Middleton | 1,092,551 | 339,167 | 753,384 | 5/31/2022 | |||||||
10.02 | Property | 1 | Keylock Storage - Hayden | 859,817 | 213,602 | 646,215 | 5/31/2022 | |||||||
10.03 | Property | 1 | Keylock Storage - Apple | 788,135 | 198,304 | 589,830 | 5/31/2022 | |||||||
10.04 | Property | 1 | Keylock Storage - Nampa | 742,537 | 273,854 | 468,683 | 5/31/2022 | |||||||
10.05 | Property | 1 | Keylock Storage - Pasco | 661,103 | 216,777 | 444,326 | 5/31/2022 | |||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | NAP | 7/6/2032 | NAP | 0 | 0 | L(23),YM1(2),DorYM1(90),O(5) | NAV | NAV | NAV | NAV |
11.01 | Property | 1 | 1919 Superior Street | NAV | NAV | NAV | NAV | |||||||
11.02 | Property | 1 | 11170 Green Valley Drive | NAV | NAV | NAV | NAV | |||||||
11.03 | Property | 1 | 2030 Old Candler Road | NAV | NAV | NAV | NAV | |||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | NAP | 6/5/2032 | NAP | 5 | 0 | L(26),D(88),O(6) | 3,879,687 | 966,944 | 2,912,743 | 2/28/2022 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),YM1(92),O(4) | 3,834,095 | 1,308,266 | 2,525,829 | 6/30/2022 | |
13.01 | Property | 1 | Compass Self Storage - Fate | 1,793,896 | 487,323 | 1,306,572 | 6/30/2022 | |||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | 1,223,280 | 519,176 | 704,104 | 6/30/2022 | |||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | 816,920 | 301,767 | 515,153 | 6/30/2022 | |||||||
14 | Loan | 1 | 7800 Red Road | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(91),O(4) | 2,418,864 | 604,820 | 1,814,043 | 3/31/2022 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(91),O(4) | 2,128,452 | 513,351 | 1,615,101 | 6/30/2022 |
15.01 | Property | 1 | 30 Mount Gilead Church Road | 1,148,801 | 248,378 | 900,423 | 6/30/2022 | |||||||
15.02 | Property | 1 | 1004 Greensboro Road | 979,651 | 264,973 | 714,678 | 6/30/2022 | |||||||
16 | Loan | 1, 12 | 1 | Covington Center | NAP | 5/6/2032 | NAP | 0 | 0 | L(27),D(89),O(4) | 2,500,304 | 398,313 | 2,101,991 | 12/31/2021 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | NAP | 6/6/2032 | NAP | 0 | 0 | L(23),YM1(3),DorYM1(89),O(5) | NAV | NAV | NAV | NAV |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAV | NAV | NAV | NAV | |||||||
17.02 | Property | 1 | 861 Finches Ferry Road | NAV | NAV | NAV | NAV | |||||||
17.03 | Property | 1 | 112 Walker Drive | NAV | NAV | NAV | NAV | |||||||
18 | Loan | 14 | 1 | Paloma Village Center | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(90),O(5) | 1,587,673 | 317,756 | 1,269,917 | 12/31/2021 |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 8/1/2024 | 7/1/2032 | NAP | 0 | 0 | L(25),D(92),O(3) | 8,550,084 | 6,385,817 | 2,164,267 | 4/30/2022 |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | NAP | 5/6/2032 | NAP | 0 | 0 | L(27),D(88),O(5) | 17,711,610 | 5,380,921 | 12,330,689 | 12/31/2021 |
21 | Loan | 13, 21 | 1 | South Park Business Center | 9/6/2026 | 8/6/2032 | NAP | 0 | 0 | L(24),D(92),O(4) | 1,246,449 | 461,369 | 785,080 | 4/30/2022 |
22 | Loan | 1 | Chantilly Self Storage | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),D(92),O(4) | 1,254,703 | 420,312 | 834,390 | 5/31/2022 | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | NAP | 7/6/2032 | NAP | 0 | 0 | L(12),YM1(103),O(5) | 1,163,430 | 464,723 | 698,707 | 3/31/2022 |
23.01 | Property | 1 | ABC Storage | 951,934 | 380,685 | 571,249 | 3/31/2022 | |||||||
23.02 | Property | 1 | ABC Easy | 211,496 | 84,038 | 127,458 | 3/31/2022 | |||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | NAP | 6/6/2027 | NAP | 0 | 0 | L(26),D(30),O(4) | 674,244 | 0 | 674,244 | 7/6/2022 |
24.01 | Property | 1 | CVS - South Orange | 551,418 | 0 | 551,418 | 7/6/2022 | |||||||
24.02 | Property | 1 | Dollar General - Mims | 122,826 | 0 | 122,826 | 7/6/2022 | |||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | 8/6/2032 | NAP | 5 | 0 | L(24),D(92),O(4) | NAV | NAV | NAV | NAV |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(91),O(4) | NAV | NAV | NAV | NAV |
27 | Loan | 13 | 1 | Village at Thrashers | NAP | 7/6/2032 | NAP | 0 | 0 | L(25),D(91),O(4) | 736,732 | 208,808 | 527,924 | 3/31/2022 |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),D(92),O(4) | 668,900 | 147,004 | 521,896 | 6/30/2022 |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | NAP | 8/6/2032 | NAP | 0 | 0 | L(24),D(92),O(4) | 571,531 | 186,453 | 385,078 | 5/31/2022 |
29.01 | Property | 1 | West Valley | 334,885 | 101,726 | 233,159 | 5/31/2022 | |||||||
29.02 | Property | 1 | Layton | 236,646 | 84,727 | 151,920 | 5/31/2022 | |||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | 6/6/2032 | NAP | 0 | 0 | L(12),YM1(103),O(5) | 365,485 | 175,189 | 190,297 | 3/31/2022 |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | 6/6/2032 | NAP | 0 | 0 | L(12),YM1(103),O(5) | 357,844 | 184,517 | 173,327 | 3/31/2022 |
A-1-5
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description |
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | T-12 | 25,677,751 | 8,516,941 | 17,160,810 | 12/31/2020 | T-12 | 25,370,674 | 8,285,155 | 17,085,519 | 12/31/2019 | T-12 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | T-12 | 39,766,160 | 15,511,878 | 24,254,281 | 12/31/2021 | T-12 | 40,128,052 | 14,510,102 | 25,617,949 | 12/31/2020 | T-12 |
2.01 | Property | 1 | Yorkshire Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
2.02 | Property | 1 | Lexington Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | T-12 | 18,020,244 | 8,034,185 | 9,986,059 | 12/31/2021 | T-12 | 18,762,568 | 8,468,410 | 10,294,158 | 12/31/2020 | T-12 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | T-12 | 6,463,485 | 2,178,046 | 4,285,439 | 12/31/2021 | T-12 | 4,235,324 | 2,017,997 | 2,217,327 | 12/31/2020 | T-12 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | T-12 | 10,777,549 | 3,711,988 | 7,065,561 | 12/31/2021 | T-12 | 10,188,821 | 3,601,429 | 6,587,392 | 12/31/2020 | T-12 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | T-12 | 44,198,961 | 19,173,640 | 25,025,321 | 12/31/2021 | T-12 | 36,845,931 | 18,308,085 | 18,537,846 | 12/31/2020 | T-12 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | T-12 | 12,626,312 | 3,454,354 | 9,171,958 | 12/31/2021 | T-12 | 12,188,436 | 3,417,590 | 8,770,846 | 12/31/2020 | T-12 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
9.01 | Property | 1 | 2912 3rd Avenue North | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.03 | Property | 1 | 2609 Clinton Avenue West | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.04 | Property | 1 | 1130 Lincoln Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.05 | Property | 1 | 3015 10th Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.06 | Property | 1 | 320 North 3rd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.07 | Property | 1 | 458 Bic Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.09 | Property | 1 | 437 South Noble Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.10 | Property | 1 | 4211 North Jackson Highway | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.11 | Property | 1 | 2609 Decatur Highway | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.14 | Property | 1 | 1212 Webster Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.15 | Property | 1 | 4025 North Palafox Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.16 | Property | 1 | 2310 Frederick Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.18 | Property | 1 | 20762 Brinks Willis Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.19 | Property | 1 | 2201-C Highway 31 South | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.20 | Property | 1 | 1112 US Highway 31 South | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.21 | Property | 1 | 1916 11th Avenue North | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.23 | Property | 1 | 9715 Milton Jones Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
9.24 | Property | 1 | 710 Oakhill Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
10 | Loan | 5 | Keylock Storage Portfolio II | T-12 | 3,870,361 | 1,177,554 | 2,692,808 | 12/31/2021 | T-12 | 2,991,323 | 1,082,621 | 1,908,702 | 12/31/2020 | T-12 | |
10.01 | Property | 1 | Keylock Storage - Middleton | T-12 | 1,019,550 | 321,083 | 698,467 | 12/31/2021 | T-12 | 847,387 | 294,529 | 552,858 | 12/31/2020 | T-12 | |
10.02 | Property | 1 | Keylock Storage - Hayden | T-12 | 801,571 | 199,485 | 602,086 | 12/31/2021 | T-12 | 466,517 | 193,522 | 272,995 | 12/31/2020 | T-12 | |
10.03 | Property | 1 | Keylock Storage - Apple | T-12 | 747,483 | 187,890 | 559,592 | 12/31/2021 | T-12 | 628,276 | 182,377 | 445,900 | 12/31/2020 | T-12 | |
10.04 | Property | 1 | Keylock Storage - Nampa | T-12 | 654,107 | 258,714 | 395,393 | 12/31/2021 | T-12 | 470,203 | 198,332 | 271,871 | 12/31/2020 | T-12 | |
10.05 | Property | 1 | Keylock Storage - Pasco | T-12 | 647,651 | 210,381 | 437,270 | 12/31/2021 | T-12 | 578,939 | 213,862 | 365,077 | 12/31/2020 | T-12 | |
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
11.01 | Property | 1 | 1919 Superior Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
11.02 | Property | 1 | 11170 Green Valley Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
11.03 | Property | 1 | 2030 Old Candler Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | T-12 | 3,691,681 | 964,090 | 2,727,591 | 12/31/2021 | T-12 | 4,085,823 | 887,177 | 3,198,646 | 12/31/2020 | T-12 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | T-12 | 3,403,275 | 1,301,867 | 2,101,408 | 12/31/2021 | T-12 | 2,659,886 | 1,124,843 | 1,535,043 | 12/31/2020 | T-12 | |
13.01 | Property | 1 | Compass Self Storage - Fate | T-12 | 1,654,731 | 503,330 | 1,151,401 | 12/31/2021 | T-12 | 1,312,017 | 460,125 | 851,892 | 12/31/2020 | T-12 | |
13.02 | Property | 1 | Compass Self Storage - Mansfield | T-12 | 1,095,010 | 502,336 | 592,674 | 12/31/2021 | T-12 | 903,890 | 439,911 | 463,979 | 12/31/2020 | T-12 | |
13.03 | Property | 1 | Compass Self Storage - Leesburg | T-12 | 653,534 | 296,201 | 357,333 | 12/31/2021 | T-12 | 443,979 | 224,807 | 219,172 | 12/31/2020 | T-12 | |
14 | Loan | 1 | 7800 Red Road | T-12 | 2,384,455 | 612,645 | 1,771,810 | 12/31/2021 | T-12 | 2,295,416 | 570,563 | 1,724,853 | 12/31/2020 | T-12 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | T-12 | 1,859,859 | 488,475 | 1,371,384 | 12/31/2021 | T-12 | 1,416,230 | 384,494 | 1,031,736 | 12/31/2020 | T-12 |
15.01 | Property | 1 | 30 Mount Gilead Church Road | T-12 | 1,039,505 | 239,776 | 799,729 | 12/31/2021 | T-12 | 793,636 | 203,863 | 589,773 | 12/31/2020 | T-12 | |
15.02 | Property | 1 | 1004 Greensboro Road | T-12 | 820,354 | 248,699 | 571,655 | 12/31/2021 | T-12 | 622,594 | 180,631 | 441,964 | 12/31/2020 | T-12 | |
16 | Loan | 1, 12 | 1 | Covington Center | T-12 | 2,489,414 | 408,486 | 2,080,928 | 12/31/2020 | T-12 | 2,378,133 | 358,851 | 2,019,281 | 12/31/2019 | T-12 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
17.02 | Property | 1 | 861 Finches Ferry Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
17.03 | Property | 1 | 112 Walker Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
18 | Loan | 14 | 1 | Paloma Village Center | T-12 | 1,063,357 | 323,424 | 739,933 | 12/31/2020 | T-12 | NAV | NAV | NAV | NAV | NAV |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | T-12 | 6,969,584 | 5,638,170 | 1,331,414 | 12/31/2021 | T-12 | 5,107,312 | 4,748,349 | 358,963 | 12/31/2020 | T-12 |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | T-12 | 15,642,297 | 4,984,254 | 10,658,043 | 12/31/2020 | T-12 | 14,844,181 | 5,278,230 | 9,565,951 | 12/31/2019 | T-12 |
21 | Loan | 13, 21 | 1 | South Park Business Center | T-12 | 1,211,916 | 466,822 | 745,094 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV |
22 | Loan | 1 | Chantilly Self Storage | T-12 | 1,190,580 | 373,220 | 817,360 | 12/31/2021 | T-12 | 1,070,064 | 367,549 | 702,515 | 12/31/2020 | T-12 | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | Various | 1,060,841 | 429,856 | 630,986 | 12/31/2021 | Various | 830,230 | 373,975 | 456,254 | 12/31/2020 | T-12 |
23.01 | Property | 1 | ABC Storage | T-12 | 916,240 | 368,210 | 548,030 | 12/31/2021 | T-12 | 830,230 | 373,975 | 456,254 | 12/31/2020 | T-12 | |
23.02 | Property | 1 | ABC Easy | T-11 | 144,601 | 61,645 | 82,956 | 12/31/2021 | T-8 | NAV | NAV | NAV | NAV | NAV | |
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
24.01 | Property | 1 | CVS - South Orange | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
24.02 | Property | 1 | Dollar General - Mims | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
27 | Loan | 13 | 1 | Village at Thrashers | T-3 | 751,293 | 195,440 | 555,853 | 12/31/2021 | T-12 | 768,494 | 195,009 | 573,485 | 12/31/2020 | T-12 |
28 | Loan | 18 | 1 | Stonington Self Storage | T-12 | 537,993 | 135,993 | 402,000 | 12/31/2021 | T-12 | 381,942 | 95,980 | 285,962 | 12/31/2020 | T-12 |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | T-12 | 554,654 | 185,269 | 369,385 | 12/31/2021 | T-12 | 513,160 | 198,426 | 314,734 | 12/31/2020 | T-12 |
29.01 | Property | 1 | West Valley | T-12 | 323,113 | 100,602 | 222,511 | 12/31/2021 | T-12 | 289,174 | 111,008 | 178,167 | 12/31/2020 | T-12 | |
29.02 | Property | 1 | Layton | T-12 | 231,540 | 84,666 | 146,874 | 12/31/2021 | T-12 | 223,986 | 87,419 | 136,567 | 12/31/2020 | T-12 | |
30 | Loan | 13, 14 | 1 | Absolute Self Storage | T-12 | 338,633 | 172,743 | 165,891 | 12/31/2021 | T-12 | 294,956 | 158,276 | 136,680 | 12/31/2020 | T-12 |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | T-12 | 330,225 | 177,034 | 153,191 | 12/31/2021 | T-12 | 294,905 | 140,989 | 153,916 | 12/31/2020 | T-12 |
A-1-6
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | 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 (%) |
14 | 14 | 13,14 | 14 | 9,16,17 | 9,16,17 | ||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 95.0% | 29,320,118 | 9,216,627 | 20,103,491 | 78,388 | 693,116 | 19,331,988 | 1.68 | 1.61 | 8.4% | 8.1% |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 97.2% | 51,394,888 | 16,019,126 | 35,375,762 | 0 | 0 | 35,375,762 | 3.61 | 3.61 | 11.1% | 11.1% |
2.01 | Property | 1 | Yorkshire Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||
2.02 | Property | 1 | Lexington Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 80.3% | 17,886,614 | 7,991,071 | 9,895,543 | 101,313 | 707,113 | 9,087,117 | 2.27 | 2.09 | 11.6% | 10.7% |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 95.0% | 8,469,425 | 2,580,137 | 5,889,288 | 27,659 | 172,868 | 5,688,762 | 1.78 | 1.72 | 9.8% | 9.5% |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 91.6% | 11,022,608 | 3,690,168 | 7,332,440 | 362,153 | 379,119 | 6,591,168 | 2.27 | 2.04 | 12.2% | 11.0% |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 86.6% | 46,224,574 | 21,145,889 | 25,078,685 | 188,765 | 1,703,467 | 23,186,453 | 1.88 | 1.74 | 11.5% | 10.6% |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 95.0% | 13,657,965 | 6,831,271 | 6,826,694 | 49,955 | 315,411 | 6,461,328 | 2.84 | 2.69 | 17.1% | 16.2% |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 95.0% | 11,675,921 | 2,022,534 | 9,653,388 | 34,466 | 430,820 | 9,188,102 | 1.83 | 1.74 | 9.7% | 9.2% |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 95.0% | 3,976,190 | 795,238 | 3,180,952 | 91,045 | 134,196 | 2,955,710 | 2.21 | 2.05 | 9.9% | 9.2% |
9.01 | Property | 1 | 2912 3rd Avenue North | 95.0% | 699,833 | 139,967 | 559,867 | 16,024 | 23,619 | 520,223 | |||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | 95.0% | 484,500 | 96,900 | 387,600 | 11,094 | 16,352 | 360,154 | |||||
9.03 | Property | 1 | 2609 Clinton Avenue West | 95.0% | 203,370 | 40,674 | 162,696 | 4,657 | 6,864 | 151,176 | |||||
9.04 | Property | 1 | 1130 Lincoln Road | 95.0% | 197,867 | 39,573 | 158,294 | 4,531 | 6,678 | 147,085 | |||||
9.05 | Property | 1 | 3015 10th Avenue | 95.0% | 188,417 | 37,683 | 150,733 | 4,314 | 6,359 | 140,060 | |||||
9.06 | Property | 1 | 320 North 3rd Street | 95.0% | 184,230 | 36,846 | 147,384 | 4,218 | 6,218 | 136,948 | |||||
9.07 | Property | 1 | 458 Bic Road | 95.0% | 177,291 | 35,458 | 141,833 | 4,060 | 5,984 | 131,790 | |||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | 95.0% | 171,429 | 34,286 | 137,143 | 3,925 | 5,786 | 127,432 | |||||
9.09 | Property | 1 | 437 South Noble Street | 95.0% | 170,233 | 34,047 | 136,186 | 3,898 | 5,745 | 126,543 | |||||
9.10 | Property | 1 | 4211 North Jackson Highway | 95.0% | 160,304 | 32,061 | 128,243 | 3,671 | 5,410 | 119,162 | |||||
9.11 | Property | 1 | 2609 Decatur Highway | 95.0% | 141,163 | 28,233 | 112,930 | 3,232 | 4,764 | 104,934 | |||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | 95.0% | 138,292 | 27,658 | 110,633 | 3,167 | 4,667 | 102,800 | |||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | 95.0% | 130,755 | 26,151 | 104,604 | 2,994 | 4,413 | 97,197 | |||||
9.14 | Property | 1 | 1212 Webster Avenue | 95.0% | 128,602 | 25,720 | 102,881 | 2,945 | 4,340 | 95,597 | |||||
9.15 | Property | 1 | 4025 North Palafox Street | 95.0% | 123,817 | 24,763 | 99,053 | 2,835 | 4,179 | 92,039 | |||||
9.16 | Property | 1 | 2310 Frederick Road | 95.0% | 99,891 | 19,978 | 79,913 | 2,287 | 3,371 | 74,254 | |||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | 95.0% | 99,472 | 19,894 | 79,578 | 2,278 | 3,357 | 73,943 | |||||
9.18 | Property | 1 | 20762 Brinks Willis Road | 95.0% | 88,526 | 17,705 | 70,821 | 2,027 | 2,988 | 65,806 | |||||
9.19 | Property | 1 | 2201-C Highway 31 South | 95.0% | 83,741 | 16,748 | 66,993 | 1,917 | 2,826 | 62,249 | |||||
9.20 | Property | 1 | 1112 US Highway 31 South | 95.0% | 77,759 | 15,552 | 62,207 | 1,781 | 2,624 | 57,803 | |||||
9.21 | Property | 1 | 1916 11th Avenue North | 95.0% | 64,600 | 12,920 | 51,680 | 1,479 | 2,180 | 48,021 | |||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | 95.0% | 59,217 | 11,843 | 47,373 | 1,356 | 1,999 | 44,019 | |||||
9.23 | Property | 1 | 9715 Milton Jones Road | 95.0% | 53,833 | 10,767 | 43,067 | 1,233 | 1,817 | 40,017 | |||||
9.24 | Property | 1 | 710 Oakhill Road | 95.0% | 49,048 | 9,810 | 39,239 | 1,123 | 1,655 | 36,460 | |||||
10 | Loan | 5 | Keylock Storage Portfolio II | 85.3% | 4,205,160 | 1,259,707 | 2,945,453 | 41,466 | 0 | 2,903,987 | 1.62 | 1.60 | 9.2% | 9.1% | |
10.01 | Property | 1 | Keylock Storage - Middleton | 81.6% | 1,092,551 | 347,896 | 744,655 | 13,396 | 0 | 731,259 | |||||
10.02 | Property | 1 | Keylock Storage - Hayden | 91.3% | 877,156 | 214,867 | 662,289 | 7,595 | 0 | 654,694 | |||||
10.03 | Property | 1 | Keylock Storage - Apple | 85.0% | 788,135 | 201,395 | 586,740 | 7,188 | 0 | 579,552 | |||||
10.04 | Property | 1 | Keylock Storage - Nampa | 86.1% | 786,215 | 267,388 | 518,827 | 7,092 | 0 | 511,735 | |||||
10.05 | Property | 1 | Keylock Storage - Pasco | 83.6% | 661,103 | 228,161 | 432,942 | 6,195 | 0 | 426,747 | |||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | 95.0% | 3,709,236 | 741,847 | 2,967,389 | 129,240 | 123,518 | 2,714,631 | 2.22 | 2.03 | 9.8% | 9.0% |
11.01 | Property | 1 | 1919 Superior Street | 95.0% | 1,774,466 | 354,893 | 1,419,573 | 63,570 | 59,090 | 1,296,913 | |||||
11.02 | Property | 1 | 11170 Green Valley Drive | 95.0% | 1,525,278 | 305,056 | 1,220,222 | 51,000 | 50,792 | 1,118,430 | |||||
11.03 | Property | 1 | 2030 Old Candler Road | 95.0% | 409,492 | 81,898 | 327,594 | 14,670 | 13,636 | 299,288 | |||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 90.6% | 4,361,310 | 1,070,152 | 3,291,159 | 26,741 | 22,412 | 3,242,005 | 2.25 | 2.21 | 11.7% | 11.6% |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 82.7% | 3,875,351 | 1,475,921 | 2,399,431 | 41,978 | 0 | 2,357,453 | 1.84 | 1.81 | 10.2% | 10.0% | |
13.01 | Property | 1 | Compass Self Storage - Fate | 84.0% | 1,793,896 | 619,122 | 1,174,774 | 14,317 | 0 | 1,160,457 | |||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | 84.0% | 1,223,280 | 552,607 | 670,673 | 16,032 | 0 | 654,641 | |||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | 78.3% | 858,176 | 304,191 | 553,984 | 11,629 | 0 | 542,355 | |||||
14 | Loan | 1 | 7800 Red Road | 95.0% | 2,864,174 | 969,653 | 1,894,522 | 11,426 | 34,272 | 1,848,825 | 1.47 | 1.44 | 9.5% | 9.2% | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 90.0% | 2,258,446 | 512,930 | 1,745,516 | 17,079 | 0 | 1,728,437 | 1.92 | 1.90 | 10.3% | 10.2% |
15.01 | Property | 1 | 30 Mount Gilead Church Road | 90.0% | 1,190,882 | 254,103 | 936,779 | 9,433 | 0 | 927,345 | |||||
15.02 | Property | 1 | 1004 Greensboro Road | 90.0% | 1,067,564 | 258,827 | 808,737 | 7,646 | 0 | 801,091 | |||||
16 | Loan | 1, 12 | 1 | Covington Center | 95.0% | 2,637,995 | 532,694 | 2,105,301 | 17,929 | 89,647 | 1,997,725 | 2.28 | 2.17 | 13.2% | 12.5% |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | 95.0% | 1,638,926 | 327,785 | 1,311,141 | 49,902 | 54,516 | 1,206,722 | 2.22 | 2.04 | 10.0% | 9.2% |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | 95.0% | 730,424 | 146,085 | 584,339 | 13,597 | 14,854 | 555,888 | |||||
17.02 | Property | 1 | 861 Finches Ferry Road | 95.0% | 800,112 | 160,022 | 640,089 | 30,869 | 33,723 | 575,498 | |||||
17.03 | Property | 1 | 112 Walker Drive | 95.0% | 108,390 | 21,678 | 86,712 | 5,436 | 5,939 | 75,337 | |||||
18 | Loan | 14 | 1 | Paloma Village Center | 95.0% | 1,520,315 | 308,772 | 1,211,543 | 12,271 | 28,760 | 1,170,512 | 2.13 | 2.06 | 10.8% | 10.5% |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 72.3% | 9,883,541 | 7,191,886 | 2,691,655 | 395,342 | 0 | 2,296,314 | 3.00 | 2.56 | 25.4% | 21.7% |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 83.6% | 26,740,784 | 6,489,918 | 20,250,866 | 161,392 | 806,960 | 19,282,515 | 2.45 | 2.34 | 13.5% | 12.9% |
21 | Loan | 13, 21 | 1 | South Park Business Center | 92.1% | 1,363,846 | 460,922 | 902,924 | 20,422 | 58,080 | 824,422 | 1.47 | 1.34 | 10.7% | 9.7% |
22 | Loan | 1 | Chantilly Self Storage | 90.7% | 1,353,714 | 430,416 | 923,297 | 10,663 | 0 | 912,634 | 2.07 | 2.04 | 11.5% | 11.4% | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 94.7% | 1,199,949 | 468,715 | 731,234 | 19,821 | 0 | 711,414 | 1.88 | 1.83 | 10.8% | 10.5% |
23.01 | Property | 1 | ABC Storage | 94.7% | 993,122 | 385,115 | 608,007 | 15,956 | 0 | 592,052 | |||||
23.02 | Property | 1 | ABC Easy | 94.7% | 206,826 | 83,600 | 123,226 | 3,865 | 0 | 119,361 | |||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 97.0% | 673,619 | 20,209 | 653,411 | 0 | 0 | 653,411 | 1.61 | 1.61 | 9.9% | 9.9% |
24.01 | Property | 1 | CVS - South Orange | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||
24.02 | Property | 1 | Dollar General - Mims | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | 96.7% | 936,101 | 245,208 | 690,892 | 4,379 | 11,641 | 674,873 | 1.93 | 1.88 | 11.2% | 10.9% |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | 100.0% | 656,785 | 0 | 656,785 | 0 | 0 | 656,785 | 1.90 | 1.90 | 10.9% | 10.9% |
27 | Loan | 13 | 1 | Village at Thrashers | 94.3% | 782,613 | 201,371 | 581,243 | 6,471 | 26,232 | 548,540 | 1.63 | 1.54 | 10.0% | 9.5% |
28 | Loan | 18 | 1 | Stonington Self Storage | 73.6% | 724,112 | 183,423 | 540,689 | 5,303 | 0 | 535,386 | 1.58 | 1.56 | 9.5% | 9.4% |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 92.9% | 645,615 | 211,324 | 434,291 | 9,552 | 0 | 424,739 | 1.62 | 1.59 | 10.1% | 9.9% |
29.01 | Property | 1 | West Valley | 95.0% | 375,518 | 118,426 | 257,092 | 4,776 | 0 | 252,316 | |||||
29.02 | Property | 1 | Layton | 90.1% | 270,097 | 92,898 | 177,199 | 4,776 | 0 | 172,423 | |||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | 92.8% | 468,540 | 173,668 | 294,871 | 3,493 | 0 | 291,378 | 1.82 | 1.80 | 9.8% | 9.7% |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | 92.9% | 460,984 | 183,005 | 277,980 | 5,179 | 0 | 272,801 | 2.22 | 2.18 | 12.2% | 12.0% |
A-1-7
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value ($) | 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 |
18 | 18 | 18 | 14 | 14,19,20,21 | |||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 395,000,000 | As Is | 2/24/2022 | 60.8% | 60.8% | 100.0% | 2/15/2022 | No | The New School |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 954,000,000 | As Is | 1/20/2022 | 33.3% | 33.3% | 96.4% | |||
2.01 | Property | 1 | Yorkshire Towers | 821,000,000 | As Is | 1/20/2022 | 96.3% | 3/1/2022 | NAP | NAP | |||
2.02 | Property | 1 | Lexington Towers | 133,000,000 | As Is | 1/20/2022 | 96.9% | 3/1/2022 | NAP | NAP | |||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 220,000,000 | As Is | 5/1/2022 | 38.6% | 38.6% | 79.4% | 5/12/2022 | No | Metropolitan Jewish Health System, Inc. |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 117,000,000 | As Complete/Upon Lease Commencement | 2/1/2023 | 51.3% | 51.3% | 96.0% | 7/25/2022 | No | Sirius XM |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 106,400,000 | As Is | 5/2/2022 | 56.4% | 56.4% | 91.2% | 6/27/2022 | No | BJ’s Wholesale Club |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 362,500,000 | As Is | 5/4/2022 | 60.1% | 60.1% | 86.8% | 6/27/2022 | No | Rocket Mortgage |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 88,100,000 | As Is | 6/10/2022 | 45.4% | 45.4% | 95.9% | 4/20/2022 | No | McGuireWoods LLP |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 170,000,000 | As Is Assuming No Landlord Obligations | 3/30/2022 | 58.8% | 58.8% | 100.0% | 6/1/2022 | No | IDEO |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 56,000,000 | As Is Portfolio | 5/23/2022 | 57.3% | 57.3% | 100.0% | |||
9.01 | Property | 1 | 2912 3rd Avenue North | 9,750,000 | As Is | 4/27/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.02 | Property | 1 | 85 Sidney Phillips Drive | 6,800,000 | As Is | 4/22/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.03 | Property | 1 | 2609 Clinton Avenue West | 2,830,000 | As Is | 4/20/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.04 | Property | 1 | 1130 Lincoln Road | 2,750,000 | As Is | 4/25/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.05 | Property | 1 | 3015 10th Avenue | 2,630,000 | As Is | 4/27/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.06 | Property | 1 | 320 North 3rd Street | 2,570,000 | As Is | 4/21/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.07 | Property | 1 | 458 Bic Road | 2,490,000 | As Is | 4/25/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | 2,390,000 | As Is | 4/26/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.09 | Property | 1 | 437 South Noble Street | 2,400,000 | As Is | 4/21/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.10 | Property | 1 | 4211 North Jackson Highway | 2,230,000 | As Is | 4/26/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.11 | Property | 1 | 2609 Decatur Highway | 1,975,000 | As Is | 4/27/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | 1,930,000 | As Is | 4/15/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.13 | Property | 1 | 7 Armstrong Street Northwest | 1,830,000 | As Is | 4/20/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.14 | Property | 1 | 1212 Webster Avenue | 1,800,000 | As Is | 4/25/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.15 | Property | 1 | 4025 North Palafox Street | 1,730,000 | As Is | 4/15/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.16 | Property | 1 | 2310 Frederick Road | 1,400,000 | As Is | 4/25/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | 1,390,000 | As Is | 4/21/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.18 | Property | 1 | 20762 Brinks Willis Road | 1,250,000 | As Is | 4/22/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.19 | Property | 1 | 2201-C Highway 31 South | 1,175,000 | As Is | 4/27/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.20 | Property | 1 | 1112 US Highway 31 South | 1,080,000 | As Is | 4/26/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.21 | Property | 1 | 1916 11th Avenue North | 890,000 | As Is | 4/27/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.22 | Property | 1 | 1715 Main Avenue Southwest | 825,000 | As Is | 4/26/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.23 | Property | 1 | 9715 Milton Jones Road | 760,000 | As Is | 4/22/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
9.24 | Property | 1 | 710 Oakhill Road | 680,000 | As Is | 4/26/2022 | 100.0% | 8/1/2022 | Yes | Wittichen Supply Company LLC | |||
10 | Loan | 5 | Keylock Storage Portfolio II | 58,040,000 | As Is | Various | 55.1% | 55.1% | 89.2% | ||||
10.01 | Property | 1 | Keylock Storage - Middleton | 16,750,000 | As Is | 6/15/2022 | 86.6% | 5/31/2022 | NAP | NAP | |||
10.02 | Property | 1 | Keylock Storage - Hayden | 12,030,000 | As Is | 6/16/2022 | 95.6% | 5/31/2022 | NAP | NAP | |||
10.03 | Property | 1 | Keylock Storage - Apple | 11,170,000 | As Is | 6/16/2022 | 93.2% | 5/31/2022 | NAP | NAP | |||
10.04 | Property | 1 | Keylock Storage - Nampa | 9,140,000 | As Is | 6/15/2022 | 89.3% | 5/31/2022 | NAP | NAP | |||
10.05 | Property | 1 | Keylock Storage - Pasco | 8,950,000 | As Is | 6/16/2022 | 82.2% | 5/31/2022 | NAP | NAP | |||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | 52,500,000 | As Is | Various | 57.5% | 57.5% | 100.0% | |||
11.01 | Property | 1 | 1919 Superior Street | 24,900,000 | As Is | 4/15/2022 | 100.0% | 8/1/2022 | Yes | Voyant Beauty | |||
11.02 | Property | 1 | 11170 Green Valley Drive | 21,900,000 | As Is | 4/27/2022 | 100.0% | 8/1/2022 | Yes | Voyant Beauty | |||
11.03 | Property | 1 | 2030 Old Candler Road | 5,700,000 | As Is | 4/26/2022 | 100.0% | 8/1/2022 | Yes | Voyant Beauty | |||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 42,500,000 | As Is | 3/14/2022 | 65.9% | 65.9% | 95.0% | 6/1/2022 | No | Kohl’s |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 51,500,000 | As Is | Various | 45.6% | 45.6% | 89.9% | ||||
13.01 | Property | 1 | Compass Self Storage - Fate | 24,100,000 | As Is | 5/18/2022 | 92.2% | 5/11/2022 | NAP | NAP | |||
13.02 | Property | 1 | Compass Self Storage - Mansfield | 14,600,000 | As Is | 5/19/2022 | 89.4% | 5/11/2022 | NAP | NAP | |||
13.03 | Property | 1 | Compass Self Storage - Leesburg | 12,800,000 | As Is | 5/20/2022 | 85.6% | 5/11/2022 | NAP | NAP | |||
14 | Loan | 1 | 7800 Red Road | 31,900,000 | As Is | 5/4/2022 | 62.7% | 62.7% | 95.4% | 6/1/2022 | No | OrganaBio | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 31,400,000 | As Is | Various | 53.8% | 53.8% | 95.9% | |||
15.01 | Property | 1 | 30 Mount Gilead Church Road | 17,300,000 | As Is | 4/22/2022 | 95.0% | 6/6/2022 | NAP | NAP | |||
15.02 | Property | 1 | 1004 Greensboro Road | 14,100,000 | As Is | 4/11/2022 | 97.0% | 6/6/2022 | NAP | NAP | |||
16 | Loan | 1, 12 | 1 | Covington Center | 32,400,000 | As Is | 3/26/2022 | 49.4% | 49.4% | 94.4% | 4/1/2022 | No | LA Fitness International |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | 22,900,000 | As Is | Various | 57.5% | 57.5% | 100.0% | |||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | 11,100,000 | As Is | 4/22/2022 | 100.0% | 8/1/2022 | Yes | ICP Group | |||
17.02 | Property | 1 | 861 Finches Ferry Road | 10,350,000 | As Is | 4/21/2022 | 100.0% | 8/1/2022 | Yes | ICP Group | |||
17.03 | Property | 1 | 112 Walker Drive | 1,450,000 | As Is | 4/21/2022 | 100.0% | 8/1/2022 | Yes | ICP Group | |||
18 | Loan | 14 | 1 | Paloma Village Center | 19,100,000 | As Is | 5/5/2022 | 58.6% | 58.6% | 94.7% | 6/1/2022 | No | CVS |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 37,000,000 | Hypothetical Market Value As If PIP Funded | 4/14/2022 | 28.6% | 21.1% | 61.2% | 4/30/2022 | NAP | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 349,000,000 | As Is | 11/11/2021 | 43.0% | 43.0% | 78.3% | 2/21/2022 | No | County of Los Angeles-Dept. of Children & Family Services |
21 | Loan | 13, 21 | 1 | South Park Business Center | 12,600,000 | As Is | 6/8/2022 | 67.2% | 61.9% | 96.1% | 5/1/2022 | No | ComSonics Inc |
22 | Loan | 1 | Chantilly Self Storage | 17,200,000 | As Is | 5/20/2022 | 46.5% | 46.5% | 97.9% | 6/1/2022 | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 10,450,000 | As Is | 3/28/2022 | 65.0% | 65.0% | 99.5% | |||
23.01 | Property | 1 | ABC Storage | 8,550,000 | As Is | 3/28/2022 | 99.5% | 5/18/2022 | NAP | NAP | |||
23.02 | Property | 1 | ABC Easy | 1,900,000 | As Is | 3/28/2022 | 99.5% | 5/18/2022 | NAP | NAP | |||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 14,430,000 | As Is | 3/31/2022 | 45.7% | 45.7% | 100.0% | |||
24.01 | Property | 1 | CVS - South Orange | 11,700,000 | As Is | 3/31/2022 | 100.0% | 8/6/2022 | Yes | Holiday CVS, L.L.C | |||
24.02 | Property | 1 | Dollar General - Mims | 2,730,000 | As Is | 3/31/2022 | 100.0% | 8/6/2022 | Yes | Dolgencorp, LLC | |||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | 12,500,000 | As Is | 6/7/2022 | 49.5% | 49.5% | 100.0% | 8/1/2022 | Yes | Johns Hopkins University |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | 13,200,000 | As Is | 3/15/2022 | 45.8% | 45.8% | NAP | NAP | NAP | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | 9,780,000 | As Is | 5/6/2022 | 59.3% | 59.3% | 92.0% | 4/30/2022 | No | T-Mobile |
28 | Loan | 18 | 1 | Stonington Self Storage | 12,400,000 | As Completed | 7/5/2022 | 46.0% | 46.0% | 77.3% | 6/4/2022 | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 7,950,000 | As Is | Various | 54.0% | 54.0% | 95.3% | |||
29.01 | Property | 1 | West Valley | 4,650,000 | As Is | 6/14/2022 | 98.0% | 6/30/2022 | NAP | NAP | |||
29.02 | Property | 1 | Layton | 3,300,000 | As Is | 6/10/2022 | 92.5% | 6/30/2022 | NAP | NAP | |||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | 5,050,000 | As Is | 3/28/2022 | 59.4% | 59.4% | 96.1% | 4/20/2022 | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | 3,600,000 | As Is | 3/18/2022 | 63.1% | 63.1% | 95.0% | 4/20/2022 | NAP | NAP |
A-1-8
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant SF | 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 |
14,19,20,21 | 14,19,20,21 | |||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 212,800 | 61.5% | 6/30/2030 | CapGemini America, Inc. | 64,500 | 18.7% | 9/30/2027 | Hulu LLC |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | ||||||||
2.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 37,760 | 8.4% | 9/21/2025 | The Waterfront Commission of New York Harbor | 21,025 | 4.7% | 11/26/2026 | The Food Bank for New York City, Food for Survival |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 26,512 | 19.2% | 1/31/2030 | Roc Nation | 24,489 | 17.7% | 9/30/2029 | Just One Eye |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 151,345 | 18.0% | 3/23/2030 | Big Lots | 42,500 | 5.0% | 1/31/2028 | All Star Sports |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 570,214 | 42.0% | 12/31/2028 | Meridian Health | 266,001 | 19.6% | 12/31/2024 | Rock Ventures |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 224,537 | 67.4% | 8/31/2030 | Towne Bank | 26,047 | 7.8% | 3/1/2031 | CCA Industries, Inc. |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 119,513 | 69.4% | 4/30/2034 | Embark Trucks | 52,815 | 30.6% | 7/31/2029 | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | ||||||||
9.01 | Property | 1 | 2912 3rd Avenue North | 84,147 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.02 | Property | 1 | 85 Sidney Phillips Drive | 67,829 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.03 | Property | 1 | 2609 Clinton Avenue West | 28,488 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.04 | Property | 1 | 1130 Lincoln Road | 36,763 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.05 | Property | 1 | 3015 10th Avenue | 31,578 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.06 | Property | 1 | 320 North 3rd Street | 30,916 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.07 | Property | 1 | 458 Bic Road | 34,173 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | 28,070 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.09 | Property | 1 | 437 South Noble Street | 27,878 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.10 | Property | 1 | 4211 North Jackson Highway | 25,851 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.11 | Property | 1 | 2609 Decatur Highway | 19,891 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | 15,839 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.13 | Property | 1 | 7 Armstrong Street Northwest | 20,110 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.14 | Property | 1 | 1212 Webster Avenue | 18,416 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.15 | Property | 1 | 4025 North Palafox Street | 14,415 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.16 | Property | 1 | 2310 Frederick Road | 17,494 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.17 | Property | 1 | 501 & 503 Railroad Avenue | 17,816 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.18 | Property | 1 | 20762 Brinks Willis Road | 14,894 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.19 | Property | 1 | 2201-C Highway 31 South | 16,936 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.20 | Property | 1 | 1112 US Highway 31 South | 15,649 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.21 | Property | 1 | 1916 11th Avenue North | 10,992 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.22 | Property | 1 | 1715 Main Avenue Southwest | 10,086 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.23 | Property | 1 | 9715 Milton Jones Road | 10,089 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
9.24 | Property | 1 | 710 Oakhill Road | 8,647 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 5 | Keylock Storage Portfolio II | |||||||||
10.01 | Property | 1 | Keylock Storage - Middleton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.02 | Property | 1 | Keylock Storage - Hayden | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.03 | Property | 1 | Keylock Storage - Apple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.04 | Property | 1 | Keylock Storage - Nampa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.05 | Property | 1 | Keylock Storage - Pasco | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | ||||||||
11.01 | Property | 1 | 1919 Superior Street | 423,800 | 100.0% | 11/30/2041 | NAP | NAP | NAP | NAP | NAP | |
11.02 | Property | 1 | 11170 Green Valley Drive | 340,000 | 100.0% | 11/30/2041 | NAP | NAP | NAP | NAP | NAP | |
11.03 | Property | 1 | 2030 Old Candler Road | 97,800 | 100.0% | 11/30/2041 | NAP | NAP | NAP | NAP | NAP | |
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 86,584 | 31.8% | 1/31/2032 | Marshalls | 30,000 | 11.0% | 1/31/2028 | Ross Dress For Less |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | |||||||||
13.01 | Property | 1 | Compass Self Storage - Fate | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.02 | Property | 1 | Compass Self Storage - Mansfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.03 | Property | 1 | Compass Self Storage - Leesburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 1 | 7800 Red Road | 7,992 | 14.0% | 10/31/2024 | DermCare Management, LLC | 4,101 | 7.2% | 4/30/2024 | Executive Health of CG | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | ||||||||
15.01 | Property | 1 | 30 Mount Gilead Church Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.02 | Property | 1 | 1004 Greensboro Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 1, 12 | 1 | Covington Center | 45,000 | 37.6% | 11/30/2038 | Big Lots | 28,935 | 24.2% | 1/31/2027 | Big 5 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | ||||||||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | 90,647 | 100.0% | 9/30/2039 | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | 1 | 861 Finches Ferry Road | 205,792 | 100.0% | 9/30/2039 | NAP | NAP | NAP | NAP | NAP | |
17.03 | Property | 1 | 112 Walker Drive | 36,242 | 100.0% | 9/30/2039 | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Paloma Village Center | 12,627 | 32.9% | 10/31/2024 | Flemings Steakhouse | 6,596 | 17.2% | 9/30/2024 | The Ballet Conservatory |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 204,484 | 25.3% | 4/30/2030 | Maker City LA, LLC | 148,908 | 18.5% | 5/31/2035 | Shipfront LLC |
21 | Loan | 13, 21 | 1 | South Park Business Center | 14,579 | 11.6% | 4/30/2027 | Hopebridge, LLC | 11,614 | 9.2% | 8/31/2023 | Integrated Public Safety Comm |
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | ||||||||
23.01 | Property | 1 | ABC Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.02 | Property | 1 | ABC Easy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | ||||||||
24.01 | Property | 1 | CVS - South Orange | 13,846 | 100.0% | 1/31/2035 | NAP | NAP | NAP | NAP | NAP | |
24.02 | Property | 1 | Dollar General - Mims | 9,026 | 100.0% | 2/28/2037 | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 10, 28 | 1 | Johns Hopkins University | 43,785 | 100.0% | 3/31/2031 | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | 2,550 | 14.6% | 3/31/2025 | Seattle Sun Tan | 2,380 | 13.6% | 3/14/2030 | Tae Rim Yoon, DMD |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | ||||||||
29.01 | Property | 1 | West Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.02 | Property | 1 | Layton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-9
BMARK 2022-B36: Annex A-1
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 | Fifth Largest Tenant SF |
14,19,20,21 | 14,19,20,21 | ||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 40,106 | 11.6% | 5/31/2025 | Citibank, N.A. | 14,872 | 4.3% | 4/30/2028 | Coach Inc | 7,073 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | |||||||||
2.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 16,890 | 3.7% | 3/31/2026 | Masterpiece International, Ltd. | 15,555 | 3.5% | 2/20/2027 | Littleton Joyce Ughetta & Park LLP | 13,644 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 23,367 | 16.9% | 4/30/2026 | Wix.com | 15,504 | 11.2% | 2/28/2027 | Sightglass Coffee | 10,560 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 41,043 | 4.9% | 7/31/2025 | T.J. Maxx | 37,383 | 4.4% | 1/31/2024 | OfficeMax | 23,150 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 66,059 | 4.9% | 12/31/2028 | Building Amenities Wellness Center LLC | 50,116 | 3.7% | 12/31/2035 | Microsoft Corporation | 43,795 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 25,707 | 7.7% | 9/30/2030 | Mercer (US), Inc. | 14,330 | 4.3% | 5/31/2032 | Pacific Summit Energy LLC | 8,503 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | |||||||||
9.01 | Property | 1 | 2912 3rd Avenue North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.03 | Property | 1 | 2609 Clinton Avenue West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.04 | Property | 1 | 1130 Lincoln Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.05 | Property | 1 | 3015 10th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.06 | Property | 1 | 320 North 3rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.07 | Property | 1 | 458 Bic Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.09 | Property | 1 | 437 South Noble Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.10 | Property | 1 | 4211 North Jackson Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.11 | Property | 1 | 2609 Decatur Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.14 | Property | 1 | 1212 Webster Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.15 | Property | 1 | 4025 North Palafox Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.16 | Property | 1 | 2310 Frederick Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.18 | Property | 1 | 20762 Brinks Willis Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.19 | Property | 1 | 2201-C Highway 31 South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.20 | Property | 1 | 1112 US Highway 31 South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.21 | Property | 1 | 1916 11th Avenue North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.23 | Property | 1 | 9715 Milton Jones Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.24 | Property | 1 | 710 Oakhill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 5 | Keylock Storage Portfolio II | ||||||||||
10.01 | Property | 1 | Keylock Storage - Middleton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.02 | Property | 1 | Keylock Storage - Hayden | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.03 | Property | 1 | Keylock Storage - Apple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.04 | Property | 1 | Keylock Storage - Nampa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.05 | Property | 1 | Keylock Storage - Pasco | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | |||||||||
11.01 | Property | 1 | 1919 Superior Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.02 | Property | 1 | 11170 Green Valley Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.03 | Property | 1 | 2030 Old Candler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 27,718 | 10.2% | 1/31/2027 | Aldi | 22,858 | 8.4% | 1/31/2034 | Total Wine, Beer, Spirits and More | 20,769 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | ||||||||||
13.01 | Property | 1 | Compass Self Storage - Fate | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.02 | Property | 1 | Compass Self Storage - Mansfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.03 | Property | 1 | Compass Self Storage - Leesburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 1 | 7800 Red Road | 3,303 | 5.8% | 4/30/2024 | MoonAmie Productions | 2,725 | 4.8% | 4/30/2023 | Kids Therapy Connection, Inc. | 2,460 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | |||||||||
15.01 | Property | 1 | 30 Mount Gilead Church Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.02 | Property | 1 | 1004 Greensboro Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 1, 12 | 1 | Covington Center | 11,466 | 9.6% | 1/31/2024 | Valley Medical | 6,800 | 5.7% | 3/31/2024 | Olympic Sports | 5,200 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | |||||||||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | 1 | 861 Finches Ferry Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.03 | Property | 1 | 112 Walker Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Paloma Village Center | 4,058 | 10.6% | 3/31/2025 | Spa Solai | 3,953 | 10.3% | 4/30/2025 | Starbucks | 1,250 |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 62,124 | 7.7% | 8/31/2035 | Stephen Jewelry, Inc. | 31,956 | 4.0% | 12/31/2022 | PHR LA Mart, LLC | 25,876 |
21 | Loan | 13, 21 | 1 | South Park Business Center | 9,765 | 7.8% | 5/10/2028 | The Phoenix Group Inc | 9,106 | 7.3% | 6/30/2027 | Office of Attorney General | 8,029 |
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | |||||||||
23.01 | Property | 1 | ABC Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.02 | Property | 1 | ABC Easy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | |||||||||
24.01 | Property | 1 | CVS - South Orange | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24.02 | Property | 1 | Dollar General - Mims | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | 2,285 | 13.1% | 11/30/2027 | Pizza Hut | 1,700 | 9.7% | 2/28/2025 | My Lash | 1,414 |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | |||||||||
29.01 | Property | 1 | West Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.02 | Property | 1 | Layton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-10
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms |
22 | 22 | 22 | |||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 2.0% | 1/31/2024 | 3/1/2022 | NAP | 3/4/2022 | NAP | NAP | No | Fee | NAP | NAP |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | |||||||||||
2.01 | Property | 1 | Yorkshire Towers | NAP | NAP | 2/3/2022 | NAP | 1/19/2022 | NAP | NAP | No | Fee | NAP | NAP | |
2.02 | Property | 1 | Lexington Towers | NAP | NAP | 1/19/2022 | NAP | 1/19/2022 | NAP | NAP | No | Fee | NAP | NAP | |
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 3.0% | 1/31/2028 | 5/17/2022 | NAP | 5/13/2022 | NAP | NAP | No | Fee | NAP | NAP |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 7.6% | 5/30/2029 | 7/14/2022 | NAP | 7/13/2022, 7/14/2022 | 7/13/2022 | 17%, 11% | No | Fee | NAP | NAP |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 2.7% | 1/31/2024 | 5/10/2022 | NAP | 5/11/2022 | NAP | NAP | No | Fee / Leasehold | 11/30/2069 | None |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 3.2% | 7/31/2025 | 5/27/2022 | NAP | 5/27/2022 | NAP | NAP | No | Fee | NAP | NAP |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 2.6% | 2/28/2027 | 2/18/2022 | NAP | 2/16/2022 | NAP | NAP | No | Leasehold | 6/30/2121 | None |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAP | NAP | 3/28/2022 | NAP | 3/25/2022 | 3/31/2022 | 19% | No | Fee | NAP | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | |||||||||||
9.01 | Property | 1 | 2912 3rd Avenue North | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.03 | Property | 1 | 2609 Clinton Avenue West | NAP | NAP | 12/6/2021 | NAP | 4/27/2022 | NAP | NAP | No | Fee | NAP | NAP | |
9.04 | Property | 1 | 1130 Lincoln Road | NAP | NAP | 12/6/2021 | NAP | 4/27/2022 | NAP | NAP | No | Fee | NAP | NAP | |
9.05 | Property | 1 | 3015 10th Avenue | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.06 | Property | 1 | 320 North 3rd Street | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.07 | Property | 1 | 458 Bic Road | NAP | NAP | 12/6/2021 | NAP | 4/27/2022 | NAP | NAP | No | Fee | NAP | NAP | |
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.09 | Property | 1 | 437 South Noble Street | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
9.10 | Property | 1 | 4211 North Jackson Highway | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.11 | Property | 1 | 2609 Decatur Highway | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.14 | Property | 1 | 1212 Webster Avenue | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.15 | Property | 1 | 4025 North Palafox Street | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.16 | Property | 1 | 2310 Frederick Road | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.18 | Property | 1 | 20762 Brinks Willis Road | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.19 | Property | 1 | 2201-C Highway 31 South | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.20 | Property | 1 | 1112 US Highway 31 South | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.21 | Property | 1 | 1916 11th Avenue North | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.23 | Property | 1 | 9715 Milton Jones Road | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
9.24 | Property | 1 | 710 Oakhill Road | NAP | NAP | 12/6/2021 | NAP | 12/6/2021 | NAP | NAP | No | Fee | NAP | NAP | |
10 | Loan | 5 | Keylock Storage Portfolio II | ||||||||||||
10.01 | Property | 1 | Keylock Storage - Middleton | NAP | NAP | 6/21/2022 | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | |
10.02 | Property | 1 | Keylock Storage - Hayden | NAP | NAP | 6/21/2022 | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | |
10.03 | Property | 1 | Keylock Storage - Apple | NAP | NAP | 6/21/2022 | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | |
10.04 | Property | 1 | Keylock Storage - Nampa | NAP | NAP | 6/21/2022 | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | |
10.05 | Property | 1 | Keylock Storage - Pasco | NAP | NAP | 6/21/2022 | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | |
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | |||||||||||
11.01 | Property | 1 | 1919 Superior Street | NAP | NAP | 5/18/2022 | NAP | 9/21/2021 | NAP | NAP | No | Fee | NAP | NAP | |
11.02 | Property | 1 | 11170 Green Valley Drive | NAP | NAP | 5/18/2022 | NAP | 11/10/2021 | NAP | NAP | No | Fee | NAP | NAP | |
11.03 | Property | 1 | 2030 Old Candler Road | NAP | NAP | 5/18/2022 | NAP | 9/21/2021 | NAP | NAP | No | Fee / Leasehold | 11/30/2041 | 4, 5-year extension options | |
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 7.6% | 1/31/2030 | 3/18/2022 | NAP | 3/17/2022 | NAP | NAP | No | Fee | NAP | NAP |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | ||||||||||||
13.01 | Property | 1 | Compass Self Storage - Fate | NAP | NAP | 4/22/2022 | NAP | 5/18/2022 | NAP | NAP | No | Fee | NAP | NAP | |
13.02 | Property | 1 | Compass Self Storage - Mansfield | NAP | NAP | 4/15/2022 | NAP | 7/11/2022 | NAP | NAP | No | Fee | NAP | NAP | |
13.03 | Property | 1 | Compass Self Storage - Leesburg | NAP | NAP | 4/18/2022 | NAP | 5/18/2022 | NAP | NAP | No | Fee | NAP | NAP | |
14 | Loan | 1 | 7800 Red Road | 4.3% | 6/6/2023 | 5/10/2022 | NAP | 5/13/2022 | NAP | NAP | No | Fee | NAP | NAP | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | |||||||||||
15.01 | Property | 1 | 30 Mount Gilead Church Road | NAP | NAP | 4/20/2022 | NAP | 4/19/2022 | NAP | NAP | No | Fee | NAP | NAP | |
15.02 | Property | 1 | 1004 Greensboro Road | NAP | NAP | 4/20/2022 | NAP | 4/20/2022 | NAP | NAP | No | Fee | NAP | NAP | |
16 | Loan | 1, 12 | 1 | Covington Center | 4.4% | 11/30/2029 | 3/29/2022 | NAP | 3/29/2022 | 3/29/2022 | 12% | No | Fee | NAP | NAP |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | |||||||||||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAP | NAP | 5/11/2022, 5/16/2022 | NAP | 5/11/2022, 5/16/2022 | NAP | NAP | No | Fee | NAP | NAP | |
17.02 | Property | 1 | 861 Finches Ferry Road | NAP | NAP | 5/16/2022 | NAP | 5/16/2022 | NAP | NAP | No | Fee | NAP | NAP | |
17.03 | Property | 1 | 112 Walker Drive | NAP | NAP | 5/16/2022 | NAP | 5/16/2022 | NAP | NAP | No | Fee | NAP | NAP | |
18 | Loan | 14 | 1 | Paloma Village Center | 3.3% | 8/31/2029 | 5/12/2022 | NAP | 5/5/2022 | NAP | NAP | No | Fee | NAP | NAP |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | NAP | NAP | 8/25/2021 | NAP | 8/25/2021 | NAP | NAP | No | Fee | NAP | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 3.2% | 12/31/2022 | 3/11/2022 | NAP | 3/11/2022 | 3/10/2022 | 13% | No | Fee | NAP | NAP |
21 | Loan | 13, 21 | 1 | South Park Business Center | 6.4% | 1/31/2023 | 6/10/2022 | NAP | 7/1/2022 | NAP | NAP | No | Fee | NAP | NAP |
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | 5/26/2022 | NAP | 5/26/2022 | NAP | NAP | No | Fee | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | |||||||||||
23.01 | Property | 1 | ABC Storage | NAP | NAP | 4/8/2022 | NAP | 4/8/2022 | NAP | NAP | No | Fee | NAP | NAP | |
23.02 | Property | 1 | ABC Easy | NAP | NAP | 4/8/2022 | NAP | 4/8/2022 | NAP | NAP | No | Fee | NAP | NAP | |
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | |||||||||||
24.01 | Property | 1 | CVS - South Orange | NAP | NAP | 4/5/2022 | NAP | 4/5/2022 | NAP | NAP | No | Fee | NAP | NAP | |
24.02 | Property | 1 | Dollar General - Mims | NAP | NAP | 4/5/2022 | NAP | 4/5/2022 | NAP | NAP | No | Fee | NAP | NAP | |
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | NAP | 7/11/2022 | NAP | 7/11/2022 | NAP | NAP | No | Fee | NAP | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | NAP | 5/26/2022 | NAP | 1/11/2022 | NAP | NAP | No | Fee | 6/30/2049 | None |
27 | Loan | 13 | 1 | Village at Thrashers | 8.1% | 10/31/2026 | 5/12/2022 | 6/9/2022 | 5/12/2022 | 5/12/2022 | 8% | No | Fee | NAP | NAP |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | 6/22/2022 | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | |||||||||||
29.01 | Property | 1 | West Valley | NAP | NAP | 6/29/2022 | NAP | 7/20/2022 | 7/1/2022 | 9% | No | Fee | NAP | NAP | |
29.02 | Property | 1 | Layton | NAP | NAP | 6/29/2022 | NAP | 7/20/2022 | 7/21/2022 | 8% | No | Fee | NAP | NAP | |
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | 4/11/2022 | NAP | 4/8/2022 | NAP | NAP | No | Fee | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | 4/8/2022 | NAP | 4/8/2022 | NAP | NAP | No | Fee | NAP | NAP |
A-1-11
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Upfront Replacement / PIP Reserve ($) |
22 | 22 | 23 | 24 | 23 | 24 | 23 | |||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | NAP | NAP | 2,815,969 | 469,328 | 0 | Springing | 0 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 5,390,917 | 898,486 | 367,868 | Springing | 1,100,000 | ||
2.01 | Property | 1 | Yorkshire Towers | NAP | NAP | ||||||
2.02 | Property | 1 | Lexington Towers | NAP | NAP | ||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | NAP | NAP | 300,805 | 300,805 | 0 | Springing | 0 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 150,000 | No | 218,640 | 72,880 | 228,872 | 28,609 | 0 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | NAP | NAP | 3,926,163 | 560,880 | 0 | Springing | 28,230 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 3,029,500 | Yes | 232,997 | 116,498 | 0 | Springing | 0 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAP | NAP | 289,274 | 72,319 | 37,550 | 7,510 | 130,000 |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 0 | Springing | 0 | Springing | 0 | ||
9.01 | Property | 1 | 2912 3rd Avenue North | NAP | NAP | ||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAP | NAP | ||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | NAP | NAP | ||||||
9.04 | Property | 1 | 1130 Lincoln Road | NAP | NAP | ||||||
9.05 | Property | 1 | 3015 10th Avenue | NAP | NAP | ||||||
9.06 | Property | 1 | 320 North 3rd Street | NAP | NAP | ||||||
9.07 | Property | 1 | 458 Bic Road | NAP | NAP | ||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAP | NAP | ||||||
9.09 | Property | 1 | 437 South Noble Street | NAP | NAP | ||||||
9.10 | Property | 1 | 4211 North Jackson Highway | NAP | NAP | ||||||
9.11 | Property | 1 | 2609 Decatur Highway | NAP | NAP | ||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAP | NAP | ||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAP | NAP | ||||||
9.14 | Property | 1 | 1212 Webster Avenue | NAP | NAP | ||||||
9.15 | Property | 1 | 4025 North Palafox Street | NAP | NAP | ||||||
9.16 | Property | 1 | 2310 Frederick Road | NAP | NAP | ||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAP | NAP | ||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | NAP | NAP | ||||||
9.19 | Property | 1 | 2201-C Highway 31 South | NAP | NAP | ||||||
9.20 | Property | 1 | 1112 US Highway 31 South | NAP | NAP | ||||||
9.21 | Property | 1 | 1916 11th Avenue North | NAP | NAP | ||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAP | NAP | ||||||
9.23 | Property | 1 | 9715 Milton Jones Road | NAP | NAP | ||||||
9.24 | Property | 1 | 710 Oakhill Road | NAP | NAP | ||||||
10 | Loan | 5 | Keylock Storage Portfolio II | 65,918 | 21,973 | 10,752 | 1,792 | 0 | |||
10.01 | Property | 1 | Keylock Storage - Middleton | NAP | NAP | ||||||
10.02 | Property | 1 | Keylock Storage - Hayden | NAP | NAP | ||||||
10.03 | Property | 1 | Keylock Storage - Apple | NAP | NAP | ||||||
10.04 | Property | 1 | Keylock Storage - Nampa | NAP | NAP | ||||||
10.05 | Property | 1 | Keylock Storage - Pasco | NAP | NAP | ||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | 0 | Springing | 0 | Springing | 0 | ||
11.01 | Property | 1 | 1919 Superior Street | NAP | NAP | ||||||
11.02 | Property | 1 | 11170 Green Valley Drive | NAP | NAP | ||||||
11.03 | Property | 1 | 2030 Old Candler Road | 88,701 | Yes | ||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | NAP | NAP | 476,133 | 47,613 | 0 | Springing | 2,318 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 199,585 | 24,948 | 0 | Springing | 0 | |||
13.01 | Property | 1 | Compass Self Storage - Fate | NAP | NAP | ||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | NAP | NAP | ||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | NAP | NAP | ||||||
14 | Loan | 1 | 7800 Red Road | NAP | NAP | 87,171 | 17,434 | 0 | Springing | 0 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 55,894 | 5,081 | 0 | Springing | 0 | ||
15.01 | Property | 1 | 30 Mount Gilead Church Road | NAP | NAP | ||||||
15.02 | Property | 1 | 1004 Greensboro Road | NAP | NAP | ||||||
16 | Loan | 1, 12 | 1 | Covington Center | NAP | NAP | 36,937 | 18,469 | 0 | 3,578 | 0 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | 0 | Springing | 0 | Springing | 0 | ||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAP | NAP | ||||||
17.02 | Property | 1 | 861 Finches Ferry Road | NAP | NAP | ||||||
17.03 | Property | 1 | 112 Walker Drive | NAP | NAP | ||||||
18 | Loan | 14 | 1 | Paloma Village Center | NAP | NAP | 37,296 | 12,432 | 3,590 | 1,795 | 0 |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | NAP | NAP | 113,879 | 28,470 | 0 | Springing | 0 |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | NAP | NAP | 205,149 | 68,383 | 0 | Springing | 0 |
21 | Loan | 13, 21 | 1 | South Park Business Center | NAP | NAP | 0 | 9,432 | 5,541 | 2,771 | 38,018 |
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | 17,852 | 8,926 | 0 | Springing | 0 | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 97,504 | 13,929 | 0 | Springing | 0 | ||
23.01 | Property | 1 | ABC Storage | NAP | NAP | ||||||
23.02 | Property | 1 | ABC Easy | NAP | NAP | ||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 427 | 53 | 0 | Springing | 0 | ||
24.01 | Property | 1 | CVS - South Orange | NAP | NAP | ||||||
24.02 | Property | 1 | Dollar General - Mims | NAP | NAP | ||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | NAP | 0 | 9,009 | 2,185 | 1,093 | 0 |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | 592,900 | No | 0 | Springing | 0 | Springing | 0 |
27 | Loan | 13 | 1 | Village at Thrashers | NAP | NAP | 22,658 | 5,923 | 0 | Springing | 0 |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | 13,409 | 4,470 | 2,397 | 342 | 0 |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 41,980 | 4,198 | 7,688 | 1,281 | 0 | ||
29.01 | Property | 1 | West Valley | NAP | NAP | ||||||
29.02 | Property | 1 | Layton | NAP | NAP | ||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | 13,340 | 2,223 | 1,624 | 1,624 | 0 |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | 0 | 4,030 | 0 | Springing | 0 |
A-1-12
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) |
24 | 25 | 23 | 24 | 25 | 23 | 24 | 25 | 23 | 23 | |||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 5,763 | 207,468 | 1,000,000 | 57,760 | 3,500,000 | 0 | 0 | 0 | 0 | 0 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 12,400,000 |
2.01 | Property | 1 | Yorkshire Towers | |||||||||||
2.02 | Property | 1 | Lexington Towers | |||||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 8,443 | 0 | 0 | 75,097 | 1,802,332 | 0 | 0 | 0 | 0 | 1,355,477 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 2,305 | 0 | 893,537 | 14,406 | 691,470 | 0 | 0 | 0 | 0 | 165,500 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 30,179 | 0 | 0 | 35,092 | 1,850,000 | 0 | 0 | 0 | 201,250 | 443,897 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 28,230 | 677,530 | 1,500,000 | 169,541 | 4,000,000 | 0 | 0 | 0 | 0 | 3,851,373 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 4,163 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 934,013 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 3,590 | 86,164 | 4,946,132 | Springing | 0 | 0 | 0 | 0 | 0 | 45,289,968 |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | Springing | 182,090 | 0 | Springing | 910,451 | 0 | 0 | 0 | 0 | 0 |
9.01 | Property | 1 | 2912 3rd Avenue North | |||||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | |||||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | |||||||||||
9.04 | Property | 1 | 1130 Lincoln Road | |||||||||||
9.05 | Property | 1 | 3015 10th Avenue | |||||||||||
9.06 | Property | 1 | 320 North 3rd Street | |||||||||||
9.07 | Property | 1 | 458 Bic Road | |||||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | |||||||||||
9.09 | Property | 1 | 437 South Noble Street | |||||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | |||||||||||
9.11 | Property | 1 | 2609 Decatur Highway | |||||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | |||||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | |||||||||||
9.14 | Property | 1 | 1212 Webster Avenue | |||||||||||
9.15 | Property | 1 | 4025 North Palafox Street | |||||||||||
9.16 | Property | 1 | 2310 Frederick Road | |||||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | |||||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | |||||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | |||||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | |||||||||||
9.21 | Property | 1 | 1916 11th Avenue North | |||||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | |||||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | |||||||||||
9.24 | Property | 1 | 710 Oakhill Road | |||||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | 41,466 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,469 | 0 | |
10.01 | Property | 1 | Keylock Storage - Middleton | |||||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | |||||||||||
10.03 | Property | 1 | Keylock Storage - Apple | |||||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | |||||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | |||||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | Springing | 258,480 | 0 | Springing | 1,292,400 | 0 | 0 | 0 | 0 | 0 |
11.01 | Property | 1 | 1919 Superior Street | |||||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | |||||||||||
11.03 | Property | 1 | 2030 Old Candler Road | |||||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 2,318 | 83,464 | 331,336 | 11,336 | 680,150 | 0 | 0 | 0 | 0 | 830,000 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 3,498 | 125,933 | 0 | 0 | 0 | 0 | 0 | 0 | 73,205 | 0 | |
13.01 | Property | 1 | Compass Self Storage - Fate | |||||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | |||||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | |||||||||||
14 | Loan | 1 | 7800 Red Road | 965 | 0 | 200,000 | 4,826 | 500,000 | 0 | 0 | 0 | 0 | 0 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 1,423 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,250 |
15.01 | Property | 1 | 30 Mount Gilead Church Road | |||||||||||
15.02 | Property | 1 | 1004 Greensboro Road | |||||||||||
16 | Loan | 1, 12 | 1 | Covington Center | 1,494 | 0 | 0 | 7,471 | 270,000 | 0 | 0 | 0 | 0 | 675,000 |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | Springing | 99,804 | 0 | Springing | 499,022 | 0 | 0 | 0 | 0 | 0 |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | |||||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | |||||||||||
17.03 | Property | 1 | 112 Walker Drive | |||||||||||
18 | Loan | 14 | 1 | Paloma Village Center | 1,023 | 36,813 | 0 | 2,397 | 86,281 | 0 | 0 | 0 | 30,910 | 0 |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | Springing | 0 | 0 | 0 | 0 | 312,637 | 0 | 0 | 0 | 4,532,250 |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | 11,715 | 0 | 0 | 67,247 | 1,613,919 | 0 | 0 | 0 | 0 | 22,000,000 |
21 | Loan | 13, 21 | 1 | South Park Business Center | 1,702 | 61,266 | 400,000 | 7,783 | 467,000 | 0 | 0 | 0 | 286,982 | 13,031 |
22 | Loan | 1 | Chantilly Self Storage | 889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 1,652 | 39,641 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
23.01 | Property | 1 | ABC Storage | |||||||||||
23.02 | Property | 1 | ABC Easy | |||||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 230,000 |
24.01 | Property | 1 | CVS - South Orange | |||||||||||
24.02 | Property | 1 | Dollar General - Mims | |||||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 766,238 |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
27 | Loan | 13 | 1 | Village at Thrashers | 539 | 0 | 0 | 2,186 | 0 | 0 | 0 | 0 | 0 | 0 |
28 | Loan | 18 | 1 | Stonington Self Storage | 442 | 10,606 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 796 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
29.01 | Property | 1 | West Valley | |||||||||||
29.02 | Property | 1 | Layton | |||||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | 399 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 3,960 | 0 |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | 432 | 10,379 | 0 | 0 | 0 | 0 | 0 | 0 | 17,316 | 0 |
A-1-13
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
24 | 25 | ||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 0 | NAP | 0 | 0 | NAP |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | Springing | Unit Upgrade Reserve (Upfront: $6,500,000), Supplemental Income Reserve (Upfront: $5,900,000; Future Quarterly: Springing) | 0 | 0 | NAP |
2.01 | Property | 1 | Yorkshire Towers | ||||||
2.02 | Property | 1 | Lexington Towers | ||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 0 | Outstanding Tenant Obligations Reserve | 0 | 0 | NAP |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 0 | Free Rent Obligations Reserve (Upfront: $57,051), Motor Cars Gap Rent Reserve (Upfront: $80,121.78), Nili Lotan Gap Rent (Upfront: 28,327.66) | 0 | 0 | NAP |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 24,204 | Outstanding Obligations Reserve (Upfront: $360,379), Ground Rent Reserve (Upfront: $83,518.33; Monthly: $24,203.67) | 0 | 0 | NAP |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | Springing | Outstanding TI/LC Reserve (Upfront: $3,851,373.43), Meridian/Rocket Reserve (Monthly: Springing) | 0 | 0 | NAP |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 252,458 | Unfunded Obligations Reserve (Upfront: $681,554.97), Ground Rent Reserve (Upfront: $252,458; Monthly: $252,458.33) | 0 | 0 | NAP |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 0 | Embark Holdback Reserve ($31,000,000), IDEO Free Rent Reserve ($5,304,696.33), IDEO Security Deposit Reserve ($4,631,047.21), Embark Security Deposit Reserve ($3,089,693.75), IDEO Gap Rent Reserve ($1,264,530.75) | 0 | 31,000,000 | Embark Holdback Reserve |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 0 | NAP | 0 | 0 | NAP |
9.01 | Property | 1 | 2912 3rd Avenue North | ||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | ||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | ||||||
9.04 | Property | 1 | 1130 Lincoln Road | ||||||
9.05 | Property | 1 | 3015 10th Avenue | ||||||
9.06 | Property | 1 | 320 North 3rd Street | ||||||
9.07 | Property | 1 | 458 Bic Road | ||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | ||||||
9.09 | Property | 1 | 437 South Noble Street | ||||||
9.10 | Property | 1 | 4211 North Jackson Highway | ||||||
9.11 | Property | 1 | 2609 Decatur Highway | ||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | ||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | ||||||
9.14 | Property | 1 | 1212 Webster Avenue | ||||||
9.15 | Property | 1 | 4025 North Palafox Street | ||||||
9.16 | Property | 1 | 2310 Frederick Road | ||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | ||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | ||||||
9.19 | Property | 1 | 2201-C Highway 31 South | ||||||
9.20 | Property | 1 | 1112 US Highway 31 South | ||||||
9.21 | Property | 1 | 1916 11th Avenue North | ||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | ||||||
9.23 | Property | 1 | 9715 Milton Jones Road | ||||||
9.24 | Property | 1 | 710 Oakhill Road | ||||||
10 | Loan | 5 | Keylock Storage Portfolio II | 0 | NAP | 0 | 0 | NAP | |
10.01 | Property | 1 | Keylock Storage - Middleton | ||||||
10.02 | Property | 1 | Keylock Storage - Hayden | ||||||
10.03 | Property | 1 | Keylock Storage - Apple | ||||||
10.04 | Property | 1 | Keylock Storage - Nampa | ||||||
10.05 | Property | 1 | Keylock Storage - Pasco | ||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | Springing | Ground Rent Reserve | 0 | 0 | NAP |
11.01 | Property | 1 | 1919 Superior Street | ||||||
11.02 | Property | 1 | 11170 Green Valley Drive | ||||||
11.03 | Property | 1 | 2030 Old Candler Road | ||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 0 | Rent Replacement Reserve (Upfront: $750,000), Outstanding TI Reserve (Upfront: $80,000) | 0 | 0 | NAP |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 0 | NAP | 0 | 0 | NAP | |
13.01 | Property | 1 | Compass Self Storage - Fate | ||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | ||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | ||||||
14 | Loan | 1 | 7800 Red Road | 0 | NAP | 0 | 0 | NAP | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 0 | MASS Units Reserve | 0 | 0 | NAP |
15.01 | Property | 1 | 30 Mount Gilead Church Road | ||||||
15.02 | Property | 1 | 1004 Greensboro Road | ||||||
16 | Loan | 1, 12 | 1 | Covington Center | 0 | LA Fitness Reserve ($500,000), Roof Repair Reserve ($175,000) | 0 | 0 | NAP |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | 0 | NAP | 0 | 0 | NAP |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | ||||||
17.02 | Property | 1 | 861 Finches Ferry Road | ||||||
17.03 | Property | 1 | 112 Walker Drive | ||||||
18 | Loan | 14 | 1 | Paloma Village Center | 0 | NAP | 0 | 0 | NAP |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | Springing | PIP Reserve | 0 | 0 | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | Springing | LA County Earnout Reserve (Upfront: $22,000,000), Billboard Replacement Funds (Monthly: Springing) | 0 | 0 | NAP |
21 | Loan | 13, 21 | 1 | South Park Business Center | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP |
22 | Loan | 1 | Chantilly Self Storage | 0 | NAP | 0 | 0 | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | 0 | NAP | 0 | 0 | NAP |
23.01 | Property | 1 | ABC Storage | ||||||
23.02 | Property | 1 | ABC Easy | ||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | 0 | CVS Abatement Reserve | 0 | 0 | NAP |
24.01 | Property | 1 | CVS - South Orange | ||||||
24.02 | Property | 1 | Dollar General - Mims | ||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | 0 | NAP | 0 | 0 | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | 0 | NAP | 0 | 0 | NAP |
28 | Loan | 18 | 1 | Stonington Self Storage | 0 | NAP | 0 | 0 | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | 0 | NAP | 0 | 0 | NAP |
29.01 | Property | 1 | West Valley | ||||||
29.02 | Property | 1 | Layton | ||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | 0 | NAP | 0 | 0 | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | 0 | NAP | 0 | 0 | NAP |
A-1-14
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | 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 ($) | Subordinate Companion Loan Cut-off Date Balance ($) |
26 | 26 | ||||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | Hard | Springing | Yes | Yes | Yes | No | 71,000,000 | 169,000,000 | 702,523.61 | 997,666.67 | NAP |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | Hard (Commercial); Soft (Multifamily) | In Place | Yes | No | Yes | No | 66,000,000 | 252,000,000 | 647,266.67 | 816,788.89 | 221,500,000 |
2.01 | Property | 1 | Yorkshire Towers | ||||||||||||
2.02 | Property | 1 | Lexington Towers | ||||||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | Hard | Springing | Yes | No | Yes | Yes | 65,000,000 | 20,000,000 | 85,335.64 | 362,676.50 | NAP |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | Hard | Springing | Yes | Yes | Yes | Yes | 50,000,000 | 168,000,000 | 854,505.56 | 1,108,822.69 | NAP |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | Hard | Springing | Yes | Yes | Yes | No | 35,000,000 | 65,000,000 | 285,441.41 | 439,140.63 | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | 1 | 2912 3rd Avenue North | ||||||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | ||||||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | ||||||||||||
9.04 | Property | 1 | 1130 Lincoln Road | ||||||||||||
9.05 | Property | 1 | 3015 10th Avenue | ||||||||||||
9.06 | Property | 1 | 320 North 3rd Street | ||||||||||||
9.07 | Property | 1 | 458 Bic Road | ||||||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | ||||||||||||
9.09 | Property | 1 | 437 South Noble Street | ||||||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | ||||||||||||
9.11 | Property | 1 | 2609 Decatur Highway | ||||||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | ||||||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | ||||||||||||
9.14 | Property | 1 | 1212 Webster Avenue | ||||||||||||
9.15 | Property | 1 | 4025 North Palafox Street | ||||||||||||
9.16 | Property | 1 | 2310 Frederick Road | ||||||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | ||||||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | ||||||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | ||||||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | ||||||||||||
9.21 | Property | 1 | 1916 11th Avenue North | ||||||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | ||||||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | ||||||||||||
9.24 | Property | 1 | 710 Oakhill Road | ||||||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | |
10.01 | Property | 1 | Keylock Storage - Middleton | ||||||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | ||||||||||||
10.03 | Property | 1 | Keylock Storage - Apple | ||||||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | ||||||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | ||||||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
11.01 | Property | 1 | 1919 Superior Street | ||||||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | ||||||||||||
11.03 | Property | 1 | 2030 Old Candler Road | ||||||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | |
13.01 | Property | 1 | Compass Self Storage - Fate | ||||||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | ||||||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | ||||||||||||
14 | Loan | 1 | 7800 Red Road | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | 30 Mount Gilead Church Road | ||||||||||||
15.02 | Property | 1 | 1004 Greensboro Road | ||||||||||||
16 | Loan | 1, 12 | 1 | Covington Center | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | ||||||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | ||||||||||||
17.03 | Property | 1 | 112 Walker Drive | ||||||||||||
18 | Loan | 14 | 1 | Paloma Village Center | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | Hard | Springing | Yes | Yes | Yes | No | 10,000,000 | 140,000,000 | 641,707.17 | 687,543.40 | NAP |
21 | Loan | 13, 21 | 1 | South Park Business Center | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1 | Chantilly Self Storage | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | 1 | ABC Storage | ||||||||||||
23.02 | Property | 1 | ABC Easy | ||||||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
24.01 | Property | 1 | CVS - South Orange | ||||||||||||
24.02 | Property | 1 | Dollar General - Mims | ||||||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 18 | 1 | Stonington Self Storage | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | 1 | West Valley | ||||||||||||
29.02 | Property | 1 | Layton | ||||||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-15
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) |
9 | 9 | ||||||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | NAP | 240,000,000 | 997,666.67 | 60.8% | 1.61 | 8.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 3.04000% | 539,500,000 | 1,385,715.74 | 56.6% | 2.13 | 6.6% | 174,500,000 | 7.26627% | 714,000,000 | 2,457,027.92 | 74.8% | 1.20 | 5.0% |
2.01 | Property | 1 | Yorkshire Towers | ||||||||||||||
2.02 | Property | 1 | Lexington Towers | ||||||||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | NAP | 85,000,000 | 362,676.50 | 38.6% | 2.09 | 11.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | NAP | 218,000,000 | 1,108,822.69 | 60.1% | 1.74 | 11.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAP | 100,000,000 | 439,140.63 | 58.8% | 1.74 | 9.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | 1 | 2912 3rd Avenue North | ||||||||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | ||||||||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | ||||||||||||||
9.04 | Property | 1 | 1130 Lincoln Road | ||||||||||||||
9.05 | Property | 1 | 3015 10th Avenue | ||||||||||||||
9.06 | Property | 1 | 320 North 3rd Street | ||||||||||||||
9.07 | Property | 1 | 458 Bic Road | ||||||||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | ||||||||||||||
9.09 | Property | 1 | 437 South Noble Street | ||||||||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | ||||||||||||||
9.11 | Property | 1 | 2609 Decatur Highway | ||||||||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | ||||||||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | ||||||||||||||
9.14 | Property | 1 | 1212 Webster Avenue | ||||||||||||||
9.15 | Property | 1 | 4025 North Palafox Street | ||||||||||||||
9.16 | Property | 1 | 2310 Frederick Road | ||||||||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | ||||||||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | ||||||||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | ||||||||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | ||||||||||||||
9.21 | Property | 1 | 1916 11th Avenue North | ||||||||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | ||||||||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | ||||||||||||||
9.24 | Property | 1 | 710 Oakhill Road | ||||||||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.01 | Property | 1 | Keylock Storage - Middleton | ||||||||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | ||||||||||||||
10.03 | Property | 1 | Keylock Storage - Apple | ||||||||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | ||||||||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | ||||||||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11.01 | Property | 1 | 1919 Superior Street | ||||||||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | ||||||||||||||
11.03 | Property | 1 | 2030 Old Candler Road | ||||||||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.01 | Property | 1 | Compass Self Storage - Fate | ||||||||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | ||||||||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | ||||||||||||||
14 | Loan | 1 | 7800 Red Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | 30 Mount Gilead Church Road | ||||||||||||||
15.02 | Property | 1 | 1004 Greensboro Road | ||||||||||||||
16 | Loan | 1, 12 | 1 | Covington Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | �� | |||||||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | ||||||||||||||
17.03 | Property | 1 | 112 Walker Drive | ||||||||||||||
18 | Loan | 14 | 1 | Paloma Village Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | NAP | 150,000,000 | 687,543.40 | 43.0% | 2.34 | 13.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 13, 21 | 1 | South Park Business Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | 1 | ABC Storage | ||||||||||||||
23.02 | Property | 1 | ABC Easy | ||||||||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.01 | Property | 1 | CVS - South Orange | ||||||||||||||
24.02 | Property | 1 | Dollar General - Mims | ||||||||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | 1 | West Valley | ||||||||||||||
29.02 | Property | 1 | Layton | ||||||||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-16
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor |
27 | 27 | 28 | 28 | |||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | No | NAP | Albert Kalimian | Albert Kalimian |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | No | NAP | Meyer Chetrit and The Gluck Family Trust U/A/D July 16, 2009 | Meyer Chetrit and The Gluck Family Trust U/A/D July 16, 2009 |
2.01 | Property | 1 | Yorkshire Towers | |||||
2.02 | Property | 1 | Lexington Towers | |||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | No | NAP | Avi Schron, Mark Schron and Eli Schron | Avi Schron, Mark Schron and Eli Schron |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | Yes | Mezzanine (Max Combined LTV of 51.3%; Min Combined DSCR of 1.40x; Intercreditor Agreement is required) | Richard Scott Ressler, Avraham Shemesh and Shaul Kuba | SKR Holdings, LLC |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | No | NAP | Wheeler REIT, L.P. and Wheeler Real Estate Investment Trust, Inc. | Wheeler REIT, L.P. |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | Yes | Unsecured | Bedrock Detroit | Rock Backer LLC |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | Yes | Mezzanine (Max Combined LTV of 51.9%; Min Combined DSCR of 2.32x; Min Combined Debt Yield of 16.57%; Intercreditor Agreement is required) | Northridge Capital, LLC and Qatar First Bank | Northridge Capital, LLC and NCA Holdings, LLC |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | No | NAP | Angus McCarthy and Michael Moritz | Angus McCarthy and Michael Moritz |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | No | NAP | New Mountain Net Lease Partners Corporation and New Mountain Net Lease Corporation | New Mountain Net Lease Partners Corporation and New Mountain Net Lease Corporation |
9.01 | Property | 1 | 2912 3rd Avenue North | |||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | |||||
9.03 | Property | 1 | 2609 Clinton Avenue West | |||||
9.04 | Property | 1 | 1130 Lincoln Road | |||||
9.05 | Property | 1 | 3015 10th Avenue | |||||
9.06 | Property | 1 | 320 North 3rd Street | |||||
9.07 | Property | 1 | 458 Bic Road | |||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | |||||
9.09 | Property | 1 | 437 South Noble Street | |||||
9.10 | Property | 1 | 4211 North Jackson Highway | |||||
9.11 | Property | 1 | 2609 Decatur Highway | |||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | |||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | |||||
9.14 | Property | 1 | 1212 Webster Avenue | |||||
9.15 | Property | 1 | 4025 North Palafox Street | |||||
9.16 | Property | 1 | 2310 Frederick Road | |||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | |||||
9.18 | Property | 1 | 20762 Brinks Willis Road | |||||
9.19 | Property | 1 | 2201-C Highway 31 South | |||||
9.20 | Property | 1 | 1112 US Highway 31 South | |||||
9.21 | Property | 1 | 1916 11th Avenue North | |||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | |||||
9.23 | Property | 1 | 9715 Milton Jones Road | |||||
9.24 | Property | 1 | 710 Oakhill Road | |||||
10 | Loan | 5 | Keylock Storage Portfolio II | No | NAP | Austin J. Osborne and Ronald L. Osborne | Austin J. Osborne and Ronald L. Osborne | |
10.01 | Property | 1 | Keylock Storage - Middleton | |||||
10.02 | Property | 1 | Keylock Storage - Hayden | |||||
10.03 | Property | 1 | Keylock Storage - Apple | |||||
10.04 | Property | 1 | Keylock Storage - Nampa | |||||
10.05 | Property | 1 | Keylock Storage - Pasco | |||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | No | NAP | New Mountain Net Lease Partners Corporation and New Mountain Net Lease Corporation | New Mountain Net Lease Partners Corporation and New Mountain Net Lease Corporation |
11.01 | Property | 1 | 1919 Superior Street | |||||
11.02 | Property | 1 | 11170 Green Valley Drive | |||||
11.03 | Property | 1 | 2030 Old Candler Road | |||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | No | NAP | Jenel Management | David Dushey |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | No | NAP | Amsdell Group, LLC | Todd C. Amsdell | |
13.01 | Property | 1 | Compass Self Storage - Fate | |||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | |||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | |||||
14 | Loan | 1 | 7800 Red Road | No | NAP | Robert Oppenheim, Allan Serviansky and Daniel Warman | Robert Oppenheim, Allan Serviansky and Daniel Warman | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | No | NAP | Adam Jarrell | Brian M. Maginnis |
15.01 | Property | 1 | 30 Mount Gilead Church Road | |||||
15.02 | Property | 1 | 1004 Greensboro Road | |||||
16 | Loan | 1, 12 | 1 | Covington Center | No | NAP | Ashton Capital Corporation | Ashton Capital Corporation |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | No | NAP | New Mountain Net Lease Partners Corporation | New Mountain Net Lease Partners Corporation |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | |||||
17.02 | Property | 1 | 861 Finches Ferry Road | |||||
17.03 | Property | 1 | 112 Walker Drive | |||||
18 | Loan | 14 | 1 | Paloma Village Center | No | NAP | Ken Pressberg and Ari Bass | Ken Pressberg and Ari Bass |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | No | NAP | Christine Park | Christine Park |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | No | NAP | Ara Tavitian | Ara Tavitian |
21 | Loan | 13, 21 | 1 | South Park Business Center | No | NAP | Lawrence Kaplan and George Thacker | Lawrence Kaplan and George Thacker |
22 | Loan | 1 | Chantilly Self Storage | No | NAP | Larry S. Goldberg | Larry S. Goldberg | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | No | NAP | Matthew Ricciardella | Crystal View Capital Fund II LLC |
23.01 | Property | 1 | ABC Storage | |||||
23.02 | Property | 1 | ABC Easy | |||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | No | NAP | Louise M. Mancino and Adrian A. Longo | Louise M. Mancino and Adrian A. Longo |
24.01 | Property | 1 | CVS - South Orange | |||||
24.02 | Property | 1 | Dollar General - Mims | |||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | No | NAP | Trombone LLC | Trombone LLC |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | No | NAP | Eugene Flotteron, Jane Kilcullen and Kim Flotteron | Eugene Flotteron, Jane Kilcullen and Kim Flotteron |
27 | Loan | 13 | 1 | Village at Thrashers | No | NAP | Mark McDonald | Mark McDonald |
28 | Loan | 18 | 1 | Stonington Self Storage | No | NAP | Erik Schafer and Carl Bardy, Jr. | Erik Schafer and Carl Bardy, Jr. |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | No | NAP | Cohen Investment Group Capital LLC | Cohen Investment Group Capital LLC |
29.01 | Property | 1 | West Valley | |||||
29.02 | Property | 1 | Layton | |||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | No | NAP | Matthew Ricciardella | Crystal View Capital Fund II LLC |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | No | NAP | Matthew Ricciardella | Crystal View Capital Fund II LLC |
A-1-17
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal’s New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) |
29 | 30 | ||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | No | Yes | Recapitalization | No | 240,000,000 | 140,421,540 | 0 | 0 | 380,421,540 |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | No | Yes | Refinance | 318,000,000 | 0 | 396,000,000 | 0 | 714,000,000 | |
2.01 | Property | 1 | Yorkshire Towers | No | |||||||||
2.02 | Property | 1 | Lexington Towers | No | |||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | No | No | Refinance | No | 85,000,000 | 0 | 0 | 0 | 85,000,000 |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | No | No | Refinance | No | 60,000,000 | 0 | 0 | 0 | 60,000,000 |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | No | No | Refinance | Yes | 60,000,000 | 34,116 | 0 | 0 | 60,034,116 |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | No | No | Refinance | Yes | 218,000,000 | 0 | 0 | 0 | 218,000,000 |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | No | No | Acquisition | No | 40,000,000 | 111,443,371 | 0 | 0 | 151,443,371 |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | No | No | Refinance | No | 100,000,000 | 50,000 | 0 | 0 | 100,050,000 |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | No | No | Recapitalization | 32,076,375 | 0 | 0 | 0 | 32,076,375 | |
9.01 | Property | 1 | 2912 3rd Avenue North | Yes | |||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | No | |||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | Yes | |||||||||
9.04 | Property | 1 | 1130 Lincoln Road | No | |||||||||
9.05 | Property | 1 | 3015 10th Avenue | Yes | |||||||||
9.06 | Property | 1 | 320 North 3rd Street | No | |||||||||
9.07 | Property | 1 | 458 Bic Road | Yes | |||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | No | |||||||||
9.09 | Property | 1 | 437 South Noble Street | Yes | |||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | No | |||||||||
9.11 | Property | 1 | 2609 Decatur Highway | Yes | |||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | No | |||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | Yes | |||||||||
9.14 | Property | 1 | 1212 Webster Avenue | Yes | |||||||||
9.15 | Property | 1 | 4025 North Palafox Street | Yes | |||||||||
9.16 | Property | 1 | 2310 Frederick Road | Yes | |||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | No | |||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | No | |||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | No | |||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | No | |||||||||
9.21 | Property | 1 | 1916 11th Avenue North | No | |||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | Yes | |||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | No | |||||||||
9.24 | Property | 1 | 710 Oakhill Road | No | |||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | No | No | Refinance | 32,000,000 | 0 | 0 | 0 | 32,000,000 | ||
10.01 | Property | 1 | Keylock Storage - Middleton | No | |||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | No | |||||||||
10.03 | Property | 1 | Keylock Storage - Apple | No | |||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | No | |||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | No | |||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | No | No | Recapitalization | 30,187,500 | 0 | 0 | 0 | 30,187,500 | |
11.01 | Property | 1 | 1919 Superior Street | Yes | |||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | No | |||||||||
11.03 | Property | 1 | 2030 Old Candler Road | No | |||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | No | Yes | Acquisition | No | 28,012,500 | 15,779,164 | 0 | 0 | 43,791,664 |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | No | No | Recapitalization | 23,500,000 | 0 | 0 | 0 | 23,500,000 | ||
13.01 | Property | 1 | Compass Self Storage - Fate | No | |||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | No | |||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | No | |||||||||
14 | Loan | 1 | 7800 Red Road | No | No | Refinance | No | 20,000,000 | 0 | 0 | 0 | 20,000,000 | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | No | No | Refinance | 16,900,000 | 0 | 0 | 0 | 16,900,000 | |
15.01 | Property | 1 | 30 Mount Gilead Church Road | No | |||||||||
15.02 | Property | 1 | 1004 Greensboro Road | No | |||||||||
16 | Loan | 1, 12 | 1 | Covington Center | No | No | Refinance | No | |||||
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | No | No | Recapitalization | ||||||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | No | |||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | No | |||||||||
17.03 | Property | 1 | 112 Walker Drive | No | |||||||||
18 | Loan | 14 | 1 | Paloma Village Center | No | No | Acquisition | No | |||||
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | No | No | Refinance | No | |||||
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | No | No | Refinance | No | |||||
21 | Loan | 13, 21 | 1 | South Park Business Center | No | No | Acquisition | No | |||||
22 | Loan | 1 | Chantilly Self Storage | No | No | Refinance | No | ||||||
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | No | No | Refinance | ||||||
23.01 | Property | 1 | ABC Storage | No | |||||||||
23.02 | Property | 1 | ABC Easy | No | |||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | No | No | Acquisition | ||||||
24.01 | Property | 1 | CVS - South Orange | No | |||||||||
24.02 | Property | 1 | Dollar General - Mims | No | |||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | No | No | Acquisition | No | |||||
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | No | No | Refinance | No | |||||
27 | Loan | 13 | 1 | Village at Thrashers | No | No | Refinance | No | |||||
28 | Loan | 18 | 1 | Stonington Self Storage | No | No | Refinance | No | |||||
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | No | Yes | Acquisition | ||||||
29.01 | Property | 1 | West Valley | Yes | |||||||||
29.02 | Property | 1 | Layton | No | |||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | No | No | Recapitalization | No | |||||
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | No | No | Refinance | No | |||||
A-1-18
BMARK 2022-B36: Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) |
31 | ||||||||||||||
1 | Loan | 1, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | 0 | 369,000,000 | 7,605,571 | 3,815,969 | 0 | 0 | 380,421,540 | NAP | NAP | NAP |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | 545,268,671 | 0 | 93,214,219 | 20,258,785 | 55,258,325 | 0 | 714,000,000 | NAP | NAP | NAP |
2.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | ||||||||
2.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | ||||||||
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | 79,563,384 | 0 | 1,638,423 | 1,656,282 | 2,141,911 | 0 | 85,000,000 | NAP | NAP | NAP |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | 52,664,080 | 0 | 335,091 | 1,059,037 | 5,941,792 | 0 | 60,000,000 | NAP | NAP | NAP |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | 57,669,090 | 0 | 1,272,367 | 1,092,659 | 0 | 0 | 60,034,116 | NAP | NAP | NAP |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | 187,609,949 | 0 | 1,363,413 | 9,305,766 | 19,720,871 | 0 | 218,000,000 | NAP | NAP | NAP |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | 0 | 150,000,000 | 276,361 | 1,167,010 | 0 | 0 | 151,443,371 | NAP | NAP | NAP |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | 47,967,606 | 0 | 1,389,470 | 50,692,924 | 0 | 0 | 100,050,000 | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | 0 | 0 | 3,595,539 | 0 | 28,480,836 | 0 | 32,076,375 | NAP | NAP | NAP |
9.01 | Property | 1 | 2912 3rd Avenue North | NAP | NAP | NAP | ||||||||
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAP | NAP | NAP | ||||||||
9.03 | Property | 1 | 2609 Clinton Avenue West | NAP | NAP | NAP | ||||||||
9.04 | Property | 1 | 1130 Lincoln Road | NAP | NAP | NAP | ||||||||
9.05 | Property | 1 | 3015 10th Avenue | NAP | NAP | NAP | ||||||||
9.06 | Property | 1 | 320 North 3rd Street | NAP | NAP | NAP | ||||||||
9.07 | Property | 1 | 458 Bic Road | NAP | NAP | NAP | ||||||||
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAP | NAP | NAP | ||||||||
9.09 | Property | 1 | 437 South Noble Street | NAP | NAP | NAP | ||||||||
9.10 | Property | 1 | 4211 North Jackson Highway | NAP | NAP | NAP | ||||||||
9.11 | Property | 1 | 2609 Decatur Highway | NAP | NAP | NAP | ||||||||
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAP | NAP | NAP | ||||||||
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAP | NAP | NAP | ||||||||
9.14 | Property | 1 | 1212 Webster Avenue | NAP | NAP | NAP | ||||||||
9.15 | Property | 1 | 4025 North Palafox Street | NAP | NAP | NAP | ||||||||
9.16 | Property | 1 | 2310 Frederick Road | NAP | NAP | NAP | ||||||||
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAP | NAP | NAP | ||||||||
9.18 | Property | 1 | 20762 Brinks Willis Road | NAP | NAP | NAP | ||||||||
9.19 | Property | 1 | 2201-C Highway 31 South | NAP | NAP | NAP | ||||||||
9.20 | Property | 1 | 1112 US Highway 31 South | NAP | NAP | NAP | ||||||||
9.21 | Property | 1 | 1916 11th Avenue North | NAP | NAP | NAP | ||||||||
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAP | NAP | NAP | ||||||||
9.23 | Property | 1 | 9715 Milton Jones Road | NAP | NAP | NAP | ||||||||
9.24 | Property | 1 | 710 Oakhill Road | NAP | NAP | NAP | ||||||||
10 | Loan | 5 | Keylock Storage Portfolio II | 16,498,975 | 0 | 833,976 | 112,139 | 14,554,909 | 0 | 32,000,000 | NAP | NAP | NAP | |
10.01 | Property | 1 | Keylock Storage - Middleton | NAP | NAP | NAP | ||||||||
10.02 | Property | 1 | Keylock Storage - Hayden | NAP | NAP | NAP | ||||||||
10.03 | Property | 1 | Keylock Storage - Apple | NAP | NAP | NAP | ||||||||
10.04 | Property | 1 | Keylock Storage - Nampa | NAP | NAP | NAP | ||||||||
10.05 | Property | 1 | Keylock Storage - Pasco | NAP | NAP | NAP | ||||||||
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | 0 | 0 | 3,213,407 | 0 | 26,974,093 | 0 | 30,187,500 | NAP | NAP | NAP |
11.01 | Property | 1 | 1919 Superior Street | NAP | NAP | NAP | ||||||||
11.02 | Property | 1 | 11170 Green Valley Drive | NAP | NAP | NAP | ||||||||
11.03 | Property | 1 | 2030 Old Candler Road | NAP | NAP | NAP | ||||||||
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | 0 | 41,500,000 | 651,877 | 1,639,787 | 0 | 0 | 43,791,664 | NAP | NAP | NAP |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | 5,729,637 | 0 | 539,481 | 272,790 | 16,958,092 | 0 | 23,500,000 | NAP | NAP | NAP | |
13.01 | Property | 1 | Compass Self Storage - Fate | NAP | NAP | NAP | ||||||||
13.02 | Property | 1 | Compass Self Storage - Mansfield | NAP | NAP | NAP | ||||||||
13.03 | Property | 1 | Compass Self Storage - Leesburg | NAP | NAP | NAP | ||||||||
14 | Loan | 1 | 7800 Red Road | 16,585,255 | 0 | 831,843 | 287,171 | 2,295,731 | 0 | 20,000,000 | NAP | NAP | NAP | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | 11,516,613 | 0 | 317,236 | 74,144 | 4,992,008 | 0 | 16,900,000 | NAP | NAP | NAP |
15.01 | Property | 1 | 30 Mount Gilead Church Road | NAP | NAP | NAP | ||||||||
15.02 | Property | 1 | 1004 Greensboro Road | NAP | NAP | NAP | ||||||||
16 | Loan | 1, 12 | 1 | Covington Center | NAP | NAP | NAP | |||||||
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | NAP | NAP | NAP | |||||||
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAP | NAP | NAP | ||||||||
17.02 | Property | 1 | 861 Finches Ferry Road | NAP | NAP | NAP | ||||||||
17.03 | Property | 1 | 112 Walker Drive | NAP | NAP | NAP | ||||||||
18 | Loan | 14 | 1 | Paloma Village Center | NAP | NAP | NAP | |||||||
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 7/31/2036 | 126.45 | 91.47 | |||||||
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | NAP | NAP | NAP | |||||||
21 | Loan | 13, 21 | 1 | South Park Business Center | NAP | NAP | NAP | |||||||
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | NAP | ||||||||
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | NAP | NAP | NAP | |||||||
23.01 | Property | 1 | ABC Storage | NAP | NAP | NAP | ||||||||
23.02 | Property | 1 | ABC Easy | NAP | NAP | NAP | ||||||||
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | NAP | NAP | NAP | |||||||
24.01 | Property | 1 | CVS - South Orange | NAP | NAP | NAP | ||||||||
24.02 | Property | 1 | Dollar General - Mims | NAP | NAP | NAP | ||||||||
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | NAP | NAP | |||||||
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | NAP | NAP | |||||||
27 | Loan | 13 | 1 | Village at Thrashers | NAP | NAP | NAP | |||||||
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | NAP | |||||||
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | NAP | NAP | NAP | |||||||
29.01 | Property | 1 | West Valley | NAP | NAP | NAP | ||||||||
29.02 | Property | 1 | Layton | NAP | NAP | NAP | ||||||||
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | NAP | |||||||
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | NAP | |||||||
A-1-19
BMARK 2022-B36: Annex A-1
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, 5, 12, 19, 20, 21 | 1 | 79 Fifth Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 2, 5, 12, 13, 15, 17, 23, 24, 25, 27 | 2 | Yorkshire & Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 2, 5, 12 | 1 | 39 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 13, 18, 21, 27 | 1 | 935 & 953 Sycamore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 2, 3, 18, 19 | 1 | JANAF Shopping Yard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 1, 2, 5, 12, 15, 19, 21, 22, 26, 27 | 1 | One Campus Martius | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 10, 21, 22, 27 | 1 | Gateway Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 5, 14, 18, 21, 23, 24 | 1 | The Lion Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 18, 25, 29 | 24 | NMC Industrial Portfolio I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9.01 | Property | 1 | 2912 3rd Avenue North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.02 | Property | 1 | 85 Sidney Phillips Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.03 | Property | 1 | 2609 Clinton Avenue West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.04 | Property | 1 | 1130 Lincoln Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.05 | Property | 1 | 3015 10th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.06 | Property | 1 | 320 North 3rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.07 | Property | 1 | 458 Bic Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.08 | Property | 1 | 1732 Creighton Avenue Southeast | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.09 | Property | 1 | 437 South Noble Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.10 | Property | 1 | 4211 North Jackson Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.11 | Property | 1 | 2609 Decatur Highway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.12 | Property | 1 | 125 Hollywood Boulevard Northeast | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.13 | Property | 1 | 7 Armstrong Street Northwest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.14 | Property | 1 | 1212 Webster Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.15 | Property | 1 | 4025 North Palafox Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.16 | Property | 1 | 2310 Frederick Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.17 | Property | 1 | 501 & 503 Railroad Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.18 | Property | 1 | 20762 Brinks Willis Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.19 | Property | 1 | 2201-C Highway 31 South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.20 | Property | 1 | 1112 US Highway 31 South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.21 | Property | 1 | 1916 11th Avenue North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.22 | Property | 1 | 1715 Main Avenue Southwest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.23 | Property | 1 | 9715 Milton Jones Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9.24 | Property | 1 | 710 Oakhill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 5 | Keylock Storage Portfolio II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.01 | Property | 1 | Keylock Storage - Middleton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.02 | Property | 1 | Keylock Storage - Hayden | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.03 | Property | 1 | Keylock Storage - Apple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.04 | Property | 1 | Keylock Storage - Nampa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10.05 | Property | 1 | Keylock Storage - Pasco | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 22, 25, 29 | 3 | NMC Industrial Portfolio II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11.01 | Property | 1 | 1919 Superior Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.02 | Property | 1 | 11170 Green Valley Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
11.03 | Property | 1 | 2030 Old Candler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12 | Loan | 3, 13, 17, 23, 24, 27 | 1 | Lincoln Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 3 | Amsdell Southern Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.01 | Property | 1 | Compass Self Storage - Fate | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.02 | Property | 1 | Compass Self Storage - Mansfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13.03 | Property | 1 | Compass Self Storage - Leesburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 1 | 7800 Red Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 12, 13, 14 | 2 | NC Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | 30 Mount Gilead Church Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.02 | Property | 1 | 1004 Greensboro Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 1, 12 | 1 | Covington Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 25 | 3 | NMC Industrial Portfolio III | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | 1 | 4001, 4161 & 4171 East 7th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | 1 | 861 Finches Ferry Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.03 | Property | 1 | 112 Walker Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 14 | 1 | Paloma Village Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 13, 18, 24, 25, 27 | 1 | Embassy Suites Orlando North | 72.3% | 130.21 | 79.74 | 61.2% | 117.37 | 64.91 | 55.3% | 115.37 | 45.77 | 39.7% |
20 | Loan | 2, 5, 13, 14, 18, 21 | 1 | The Reef | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 13, 21 | 1 | South Park Business Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1 | Chantilly Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 14 | 2 | ABC Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | 1 | ABC Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.02 | Property | 1 | ABC Easy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 15, 27 | 2 | Florida NNN Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.01 | Property | 1 | CVS - South Orange | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24.02 | Property | 1 | Dollar General - Mims | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 10, 28 | 1 | Johns Hopkins University | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21, 25 | 1 | Walgreens Coney Island Ave | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 13 | 1 | Village at Thrashers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 18 | 1 | Stonington Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 29 | 2 | CIG Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | 1 | West Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.02 | Property | 1 | Layton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 13, 14 | 1 | Absolute Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 13, 14 | 1 | Wagner Ford Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-20
Footnotes to Annex A-1
(1) | “JPMCB” denotes JPMorgan Chase Bank, National Association, as Mortgage Loan Seller; “GACC” denotes German American Capital Corporation or one of its affiliates, as Mortgage Loan Seller; “CREFI” denotes Citi Real Estate Funding Inc. or one of its affiliates, as Mortgage Loan Seller; and “GSMC” denotes Goldman Sachs Mortgage Company, or one of its affiliates, as Mortgage Loan Seller. With respect to Loan No. 1, 79 Fifth Avenue, the mortgage loan is part of a whole loan that was co-originated by JPMCB, CREFI and Wells Fargo Bank, N.A. With respect to Loan No. 2, Yorkshire & Lexington Towers, the mortgage loan is part of a whole loan that was co-originated by Bank of Montreal, CREFI and Starwood Mortgage Capital LLC. With respect to Loan No. 6, One Campus Martius, the mortgage loan is part of a whole loan that was co-originated by JPMCB and Morgan Stanley Bank, N.A. With respect to Loan No. 16, Covington Center, for which GACC is the mortgage loan seller, the mortgage loan was originated by BSPRT CMBS Finance, LLC, an unaffiliated third-party. With respect to Loan No. 24, Florida NNN Portfolio, for which GACC is the mortgage loan seller, the mortgage loan was originated by Ladder Capital Finance LLC, an unaffiliated third-party. |
(2) | With respect to Loan No. 2, Yorkshire & Lexington Towers, the portfolio consists of two mortgaged properties comprised of 808 residential units totaling 730,829 square feet, 204 parking spaces totaling 41,886 square feet, six commercial and retail units totaling 29,451 square feet at the Yorkshire Towers building, and six commercial and retail units totaling 9,998 square feet at the Lexington Towers building. Of the 808 units, 305 of the units are rent stabilized. The Yorkshire Towers building has 681 residential units, and six commercial and retail units totaling 645,092 square feet, and the Lexington Towers building has 127 residential units and six commercial units totaling 125,186 square feet. There is 81,335 square feet of commercial and retail space not presented in Number of Units. Current Occupancy reflects the occupancy of the multifamily component of the mortgaged property. The commercial and retail space is 98.6% leased as of March 1, 2022. With respect to Loan No. 3, 39 Broadway, the mortgaged property is comprised of 430,420 square feet of office space (95.5% of NRA), 19,501 square feet of retail space (4.3% of NRA) and 662 square feet of storage space (0.1% of NRA). With respect to Loan No. 5, JANAF Shopping Yard, the mortgaged property is comprised of 780,003 square feet of retail space and 62,213 square feet of office space. With respect to Loan No. 6, One Campus Martius, the mortgaged property is a 1,356,325 square-foot office building which includes retail tenant leases representing approximately 3.0% of net rentable area and 2.8% of UW In-Place Rent at the mortgaged property. With respect to Loan No. 20, The Reef, approximately 40.2% of the underwritten effective gross income is from an approximately 41,000 square foot LED (light emitting diode) billboard (the “LED Signage”) atop the related mortgaged property. The LED Signage is leased to New Tradition Outdoor LLC, an advertising operator, with a monthly license fee equal to the greater of (i) a minimum license fee and (ii) 75% of the net revenue actually received by the licensee during the immediately preceding month (the “Profit Share Fee”). The minimum license fee is $228,094 per month ($2,737,122 annually) for the current license year (February 2022 through January 2023), and increases by 3.0% each year thereafter during the term of the license. The underwritten income from the LED Signage is $10,745,265 (which is underwritten based on the estimated Profit Share Fee for the trailing twelve months ending April 2022, which was greater than the minimum license fee during such months). There can be no assurance as to what the amount of the Profit Share Fee will be during future periods. The “as is” appraised value of the mortgaged property including the LED Signage is $349,000,000 and excluding the LED Signage is $185,000,000. |
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. With respect to Loan No. 5, JANAF Shopping Yard, a portion of the JANAF Shopping Yard Loan is encumbered by six ground leases. Five of the ground leases, for parcels GL-1A, GL-1B, GL-2, GL-3, GL-5, GL-6, GL-7, and Lot 20 |
A-1-21
of the JANAF Shopping Yard Property, are leased from The American Heart Association, Inc., d/b/a The American Heart Association, Inc. Mid-Atlantic Affiliate, as ground lessor to the respective borrowers as ground lessees. The sixth ground lease, the office ground lease, is leased from one borrower (WHLR-JANAF, LLC), as landlord, to another borrower (WHLR-JANAF-OFFICE, LLC), as tenant. With respect to Loan No. 12, Lincoln Place, the Largest Tenant, Kohl’s, owns its improvements but not the underlying land, which is ground leased from the borrower to the tenant. |
(4) | For Mortgage Loans secured by multiple mortgaged properties, each Mortgage Loan’s Original Balance ($), Current Balance ($), and Maturity/ARD Balance ($) are allocated to the respective Mortgaged Property based on the Mortgage Loan’s documentation, or if no such allocation is provided in the Mortgage Loan documentation, the Mortgage Loan seller’s determination of the appropriate allocation. |
(5) | With respect to Loan No. 1, 2, 3, 6, 8 and 20, 79 Fifth Avenue, Yorkshire & Lexington Towers, 39 Broadway, One Campus Martius, The Lion Building and The Reef, the mortgage loan is part of a larger split whole loan, which consists of the mortgage loan and one or more pari passu and/or subordinate components. Please see “Description of the Mortgage Pool—The Whole Loans” for additional information. |
(6) | For each Mortgage Loan, the Net Mortgage Rate % is equal to the excess of the related Interest Rate % over the related Servicing Fee Rate, the Trustee Fee Rate (including the Certificate Administrator Fee Rate), the Operating Advisor Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate (collectively, the “Admin Fee %”). |
(7) | For the Mortgage Loans that are interest-only for the entire term and accrue interest on an Actual/360 basis, Monthly Debt Service (IO) ($) were calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. For Monthly Debt Service (P&I), Interest Only, Amortizing Balloon loans were calculated based on the amortizing loan payments as of the Cut-off Date. |
(8) | The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for the Mortgage Loans with a partial interest-only period reflect the amount payable after the expiration of the interest-only period. |
(9) | With respect to all Mortgage Loans, Annual Debt Service (P&I) ($) and Annual Debt Service (IO) ($) are calculated by multiplying the Monthly Debt Service (P&I) ($) and Monthly Debt Service (IO), respectively, ($) by 12. Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans). |
(10) | In some instances in which the loan documents provide grace periods with respect to payments, such grace periods may be permitted a limited number of times per any 12-month periods. With respect to Loan No. 7, Gateway Plaza, as it relates to the Grace Period - Late Fee (Days), the mortgage loan documents provide the borrower with one, five-day grace period in any 12-month period on the imposition of a late fee for any payments due on a payment date (other than the payment due on the Maturity Date). With respect to Loan No. 7, Gateway Plaza, as it relates to the Grace Period - Default Fee (Days), the mortgage loan documents provide the borrower with one, five-day grace period during the term of the mortgage loan for any payments due on a payment date (other than the payment due on the Maturity Date). With respect to Loan No. 25, Johns Hopkins University, as it relates to the Grace Period - Late Fee (Days), the mortgage loan documents provide the borrower with one, five-day grace period in any 12-month period on the imposition of a late fee for any payments due on a payment date (other than the payment due on the Maturity Date). |
(11) | The open period is inclusive of the Maturity Date or Anticipated Repayment Date. |
(12) | The “L” component of the prepayment provision represents lockout payments. The “D” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. |
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In the case of certain Mortgage Loans, the loan documents permit the related borrower to prepay a portion of the Mortgage Loan in connection with partial releases of collateral, to cure a cash management period triggered by certain events or circumstances or to meet certain financial metrics contained in the related loan documents. With respect to Loan No. 1, 79 Fifth Avenue, the lockout period will be at least 27 payment dates beginning with and including the first payment date in June 2022. Defeasance of the 79 Fifth Avenue whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) April 29, 2026. The assumed defeasance lockout period of 27 payment dates is based on the expected Benchmark 2022-B36 securitization closing date in August 2022. The actual lockout period may be longer. With respect to Loan No. 2, Yorkshire & Lexington Towers, the lockout period will be at least 26 payment dates beginning with and including the first payment date in July 2022. Defeasance of the Yorkshire & Lexington Towers whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) July 6, 2025. The assumed defeasance lockout period of 26 payment dates is based on the expected Benchmark 2022-B36 securitization closing date in August 2022. The actual lockout period may be longer. With respect to Loan No. 3, 39 Broadway, the lockout period will be at least 24 payment dates beginning with and including the first payment date in September 2022. Defeasance of the 39 Broadway whole loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last promissory note to be securitized and (ii) July 7, 2026. The assumed defeasance lockout period of 24 payment dates is based on the expected Benchmark 2022-B36 securitization closing date in August 2022. The actual lockout period may be longer. With respect to Loan No. 6, One Campus Martius, the lockout period for the related whole loan will be at least 25 payment dates beginning with and including the first payment date on August 1, 2022. The whole loan may be (a) defeased in whole after the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Permitted Defeasance Date”) or (b) if the Permitted Defeasance Date has not occurred by August 1, 2025, prepaid in whole with the payment of a yield maintenance premium. The assumed lockout period of 25 months is based on the expected closing date of the Benchmark 2022-B36 securitization in August 2022. The actual lockout period may be longer. |
With respect to Loan No. 15, NC Self Storage Portfolio, provided that no event of default is continuing under the related mortgage loan documents, at any time after the date that is two years after the Closing Date, the borrower may deliver defeasance collateral and obtain release of any individual mortgaged property from the lien of the applicable mortgage upon the satisfaction of the following conditions, among others, (i) such release is in connection with an arm’s length sale to an unaffiliated third party, (ii) the defeasance collateral is in an amount equal to the greater of (a) 100% of the net sales proceeds with respect to such individual mortgaged property and (b) 115% of the allocated loan amount for such individual mortgaged property, (iii) after giving effect to such release, (a) the debt service coverage ratio for the remaining mortgaged property is no less than the greater of (1) the debt service coverage ratio immediately preceding such release and (2) 1.57x, and (b) the loan-to-value ratio for the remaining mortgaged property is no more than the lesser of (1) the loan-to-value ratio immediately preceding such release and (2) 53.8%, and (iv) satisfaction of customary REMIC requirements. With respect to Loan No. 16, Covington Center, the borrower may obtain the release of any of two unimproved parcels of land (each a “Release Property” and collectively the “Excess Development Land”) from the lien of the related Mortgage Loan, provided that, among other conditions: (i) no cash sweep period exists at the time of the release; (ii) at least thirty 30 days prior to the effective date of any such proposed release, the borrower delivers to the lender a recorded resubdivision plan of the Excess Development Land and the unreleased portion of the mortgaged property and an updated survey of the mortgaged property; (iii) the borrower delivers evidence reasonably satisfactory to the lender that (a) after the subdivision of the Excess Development Land, the balance of the mortgaged property will comply with all federal, state and local environmental, land use and zoning laws, (b) any applicable notices have been given and consents obtained in connection with the proposed resubdivision of the Excess Development Land, (c) the applicable Release Property and the unreleased portion of the mortgaged property will each ultimately be assessed as a separate tax parcel with respect to all property taxes and assessments, and (d) access to the remainder of the mortgaged property following such resubdivision to any previously dedicated streets and utilities will not be impaired and the construction of any future improvements on the applicable Release Property will not materially impair the use of the remainder of the mortgaged property; (iv) the lender is provided complete information with respect to the proposed parking arrangement for the unreleased portion of the mortgaged property both immediately following the release and thereafter, which such proposed |
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parking arrangement the lender reasonably determines is legally adequate for the remainder of the mortgaged property; (v) solely to the extent the existing REAs are reasonably determined by the lender to be insufficient, the borrower encumbers the applicable Release Property with an additional recorded development or similar agreement reasonably satisfactory to the lender covering such matters as mutual parking and access, maintenance, shared utilities, drainage and other similar issues and containing appropriate restrictions on the type, construction, location, height and use of any improvements then existing or thereafter to be constructed on the applicable Release Property; (vi) the borrower delivers a REMIC opinion; (vii) after giving effect to such release, (a) the loan to value ratio for the remaining mortgaged property is less than 53%, (b) the debt yield for the remaining mortgaged property is not less than 11.5% and (c) the debt service coverage ratio is not less than 2.00x; and (viii) satisfaction of customary REMIC requirements. |
(13) | In the case of certain mortgage loans, the Underwritten Net Operating Income ($) exceeds Most Recent NOI ($) by 10%. With respect to Loan No. 2, Yorkshire & Lexington Towers, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is in part due to (i) the loan sponsors recently renovating 57 units, which has increased rents at the mortgaged properties and (ii) underwritten straight-lined rent for CVS Pharmacy. Additionally, the UW NOI and UW NCF include disbursements from a supplemental income reserve of $5,226,004. With respect to Loan No. 4, 935 & 953 Sycamore, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to contractual increases in base rent and rent steps. With respect to Loan No. 12, Lincoln Place, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily driven by contractual rent steps taken through February 1, 2023, straight-line average rent over the lease term for Marshall’s due to its investment grade rating and potential income from vacant space. With respect to Loan No. 15, NC Self Storage Portfolio, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the addition of new units – the sponsor added 136 new units between 2020 and 2021. With respect to Loan No. 19, Embassy Suites Orlando North, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily driven by, among other factors, prior COVID-19 related disruptions and underwritten figures benchmarked to 2019 financials. With respect to Loan No. 20, The Reef, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to increased income from the LED Signage, and is also driven by underwriting of the County of LA Expansion Space. With respect to Loan No. 21, South Park Business Center, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is in part due to (i) two newly signed leases at the South Park Business Center mortgaged properties which have increased the base rent and (ii) the borrower prefunding $286,982 into a deferred maintenance reserve at closing. With respect to Loan No. 27, Village at Thrashers, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to contractual increases in base rent. |
With respect to Loan No. 30, Absolute Self Storage, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to increased leasing of units and RV income over the last 12 months. With respect to Loan No. 31, Wagner Ford Self Storage, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the sponsor increasing rental rates and adding two self-storage buildings that increased the total unit count by 70 in July 2021. |
(14) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but have not yet commenced paying rent and/or are not in occupancy. Underwritten EGI ($), Underwritten Net Operating Income ($), and Underwritten Net Cash Flow ($) are generally calculated by the Mortgage Loan Seller in accordance with its underwriting guidelines. Underwritten Net Operating Income ($) and Underwritten Net Cash Flow ($) may include contractual or market rent escalations and, in the case of certain tenants, may be based on the average rent paid by the tenant through either the term of the related lease or the |
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Mortgage Loan. Please see “Description of the Mortgage Pool—Certain Calculations and Definitions” for additional information. With respect to Loan No. 8, The Lion Building, there is a $31,000,000 holdback reserve in connection with the initial tenant improvement work under the Embark lease (the “Embark Lease”). The funds, less the amount of free rent equal to $2,321,111 (which amount may be increased by the amount of rent abatement provided in connection with delayed delivery of the premises) under the Embark Lease, will be released upon satisfaction of the Embark Holdback Conditions (as defined below), so long as such conditions are satisfied within three (3) years after the origination date (such third anniversary, the “Embark Date”). The Embark holdback conditions (the “Embark Holdback Conditions”) include, without limitation, delivery by the borrower to the lender of (i) evidence reasonably satisfactory to the lender that all initial tenant improvements have been completed in accordance with the terms of the Embark Lease, (ii) copies of appropriate final lien waivers or other evidence satisfactory to the lender of payment for the work, to the extent not previously delivered to the lender, and (iii) a current tenant estoppel certificate from Embark, which confirms, at a minimum, (a) Embark has accepted possession of the premises, is in occupancy and open for business, (b) Embark has actually commenced paying full, unabated rent (excluding any free rent reserved), (c) the Embark Lease is in full force and effect and there are no defaults thereunder and (d) the rent commencement date for the Embark Lease. If the borrower sponsor fails to deliver the leased premises and rent has not commenced by the Embark Date, the borrower has the right (but not obligation) to defease the loan in an amount equal to the economic holdback funds. The second-floor space for Embark is finished. Rent is expected to commence upon substantial completion and delivery of the ground floor/mezzanine space (anticipated in August 2022). With respect to Loan No. 8, The Lion Building, IDEO moved into the first phase space (the “First Phase Space”) that is comprised of the 2nd floor, 10,000 square feet of the 3rd floor, the 4th floor, and the roof deck) on April 18, 2022 and the IDEO lease commenced on the same date with no termination options. Rent for the First Phase Space also commenced on April 18, 2022. IDEO has agreed to a firm rent commencement date of January 1, 2023 for the second phase space (the “Second Phase Space”) in the executed second amendment to lease. The Second Phase Space, which is comprised of 34,409 square feet of the 3rd floor, can be occupied immediately. There are no termination options tied to the Second Phase Space. As of the origination date, a reserve in the amount of $1,264,530.75 for the IDEO gap rent in anticipation of the delivery of the Second Phase Space and rent commencement occurring in January 2023 was reserved. With respect to Loan Nos. 15, 23, 30 and 31, NC Self Storage Portfolio, ABC Self Storage Portfolio, Absolute Self Storage, and Wagner Ford Self Storage, RV/Parking spaces are not included in unit count or occupancy calculations. |
With respect to Loan No. 18, Paloma Village Center, one tenant, Posto Sano Foods (4.8% of NRA at the related mortgaged property), is dark, but still paying rent and CAM reimbursements. With respect to Loan No. 20, The Reef, the Largest Tenant, the County of Los Angeles-Dept. of Children & Family Services (the “County of LA”) currently leases 204,484 square feet at the mortgaged property pursuant to a lease expiring April 30, 2030, which includes the expansion space, which is comprised of the entire 7th floor of the mortgaged property, comprising 62,124 square feet (the “County of LA Expansion Space”). In connection with such expansion, the borrower agreed to perform certain landlord work on both the County of LA Expansion Space and the County of LA’s existing space, and the County of LA agreed to pay a revised rental rate (initially $24.84 per square foot, which is lower than the rent the County of LA was previously paying) and extend the term of the lease for all of its space through April 2030. The extended lease term and adjusted rent became effective as of May 1, 2022. At origination, a $22,000,000 holdback reserve (the “Holdback Reserve”) was deposited with the lender with respect of the County of LA Expansion Space. The lender is required to release such reserve to the borrower upon the borrower delivering to the lender evidence that the following conditions have been satisfied on or prior to November 5, 2022: (A) the related mortgaged property has achieved a debt yield of at least 10.5%, and (B) the County of LA has accepted the County of LA Expansion Space and has executed a commencement date memorandum and estoppel, each in substantially the form provided to the lender prior to the origination date, confirming, among other things, that (1) the County of LA is the tenant under the County of LA lease, (2) the County of LA has accepted possession of the County of LA Expansion Space, (3) the County of LA lease expiration date is no sooner than March 31, 2030 (subject to the early termination right described in footnote (21) below), (4) the Basic Rent (as defined in the County of LA lease) is no less than approximately $423,282 for the first 12 months following the acceptance of the County of LA Expansion Space, (5) the total amount of the premises demised under the County of LA lease is 204,484 square feet, (6) to the knowledge of the County of LA, the County of LA has not given borrower written notice of a material default under the County of LA lease which has not been cured, and (7) the County of LA is not entitled to any credit against any rent or other charge or rent concession under the County |
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of LA lease except as set forth in the County of LA lease, and all contributions required to be paid by the borrower as of the date of the County of LA estoppel have been paid in full and all of borrower’s obligations with respect to tenant improvements have been fully performed. In the event that the foregoing conditions are not satisfied by November 5, 2022, the lender is permitted to continue to hold the $22,000,000 holdback reserve as additional collateral through the maturity date of the related Whole Loan. Subsequent to origination, the County of LA has accepted the County of LA Expansion Space and has executed and delivered an estoppel to the lender. As a result, the borrower is anticipated to make a request to the servicer that the holdback reserve fund be released to the borrower. With respect to Loan No. 20, The Reef, the property consists of a mix of approximately 33.6% office space, 45.6% retail/showroom space, 18.2% event space, 1.8% storage space, and approximately 0.1% retail/café space. In addition, tenants representing approximately 15.5% of NRA and 9.3% of UW Base Rent have leases that expire in 2022. |
With respect to Loan No. 20, The Reef, the Second Largest Tenant, Maker City LA, LLC, the Third Largest Tenant, Shipfront LLC, and the Fifth Largest Tenant, PHR LA Mart, LLC, which collectively lease approximately 29.4% of the NRA at the related mortgaged property, are affiliates of the borrower. In addition, according to the appraisal, there are various smaller showroom and storage spaces leased to entities in which the borrower sponsor has an equity interest, resulting in approximately 37.0% of the net rentable square footage being leased to affiliated tenants. |
(15) | With respect to Loan No. 2, Yorkshire & Lexington Towers, as of March 1, 2022, 305 of the 808 units at the mortgaged properties are rent stabilized, and the remaining 503 at the mortgaged properties are rented at fair market value. With respect to Loan No. 6, One Campus Martius, in connection with the creation by the State of Michigan of a plan to enable the revitalization of certain brownfield properties, and the related developments of four projects located in the City of Detroit (the “Transformational Project Sites”), including the expansion of the mortgaged property which was completed in 2020, Bedrock Management Services, LLC, a sponsor affiliate, as the developer (the “Developer”), entered into a reimbursement agreement (the “Reimbursement Agreement”) with the City of Detroit Brownfield Redevelopment Authority, the Michigan Strategic Fund and the Michigan Department of Treasury. The Reimbursement Agreement entitles the Developer to receive reimbursements for a certain portion of the cost of the developments of the Transformational Project Sites from certain tax revenues as well as sales and use tax exemptions. The lender did not underwrite any of the benefits afforded to the sponsor affiliate pursuant to the Reimbursement Agreement. See “Description of the Mortgage Pool – Real Estate and Other Tax Considerations” in the Prospectus for additional information. With respect to Loan No. 24, Florida NNN Portfolio, the CVS lease is structured with a 36-month rent holiday during the last three years of the lease, commencing in February 2032. At origination, $230,000 was reserved in a CVS Rent Abatement Reserve to cover a portion of the free rent period during the last three years of the lease term. |
(16) | Except for the Mortgage Loan listed below, the Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) for all partial interest-only Mortgage Loans were calculated based on the first principal and interest payment after the Note Date during the term of the Mortgage Loan. |
(17) | The Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first principal and interest payment after the Note Date during the term of the mortgage loan. With respect to Loan No. 2, Yorkshire & Lexington Towers, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) were calculated based on the UW NOI and UW NCF including disbursements of $5,226,004 from a supplemental income reserve. With respect to Loan No. 12, Lincoln Place, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) were calculated based on the UW NOI and UW NCF including annualized disbursements of $375,000 from a rent replacement reserve. See Footnote 23 herein for additional information. |
(18) | With respect to all Mortgage Loans, with the exceptions of the Mortgage Loans listed below, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the “as-is” Appraisal Value ($) even though, for certain Mortgage Loans, the appraiser provided “as-stabilized” values based on certain criteria being met. |
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With respect to Loan No. 4, 935 & 953 Sycamore, the Appraised Value is the “As-Complete/Upon Lease Commencement” appraised value of $117,000,000 as of February 1, 2023 which assumes that the contractual TI/LC obligations have been fulfilled and there is no outstanding free rent. At origination, all outstanding TI/LCs and Free/Gap Rent in amount of $165,500 was held back in a lender reserved account. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity (%) calculated based on the “as-is” appraised value of $114,000,000, as of July 7, 2022, are both 52.6%. With respect to Loan No. 5, JANAF Shopping Yard, the Appraised Value reflects the “As Is” Appraised value of $106,400,000, effective as of May 2, 2022, which excludes an approximately 25,000 square foot, three-story improved portion of the JANAF Shopping Yard Mortgaged Property known as the “Executive Building” along with a small surrounding area of parking and/or access drive for purposes of redevelopment and construction activities. The “As-Is” appraised value (inclusive of such parcel) as of May 2, 2022, is $107,900,000, which results in a Current LTV % of 55.6% and a Maturity LTV % of 55.6%. With respect to Loan No. 8, The Lion Building, the appraisal concluded an “As Complete & Stabilized” value of $167 million as of October 1, 2022 and an “As-Is No Landlord Obligations” value of $170 million as of March 30, 2022. The As-Complete & Stabilized value reflects contractual free rents being deducted throughout the respective lease term, while the As-Is No Landlord Obligations value assumes no free rents. Given that the subject loan requires full reserves for all outstanding landlord obligations inclusive of free rents, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are both 58.8% based on the As-Is No Landlord Obligations value. Based on the As Complete & Stabilized value, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are both 62.1%. With respect to Loan No. 9, NMC Industrial Portfolio I, the Appraised Value represents the “As Is Portfolio Appraised Value”, which attributes a portfolio premium of 0.8% to the aggregate value of the mortgaged properties as a whole. Based on the sum of the individual appraised values of the mortgaged properties, the Appraised Value would be $55,555,000, which results in a Current LTV % and a Maturity LTV % of 57.7%. With respect to Loan No. 19, Embassy Suites Orlando North, Appraised Value represents the “Hypothetical Market Value As If-PIP Funded” appraised value of $37,000,000 for the mortgaged property, effective April 14, 2022, which assumes that the renovations required under the related property improvement plan have been funded and completed. At loan origination, the borrower was required to reserve $4,532,250 for renovations required under the related property improvement plan. The “as-is” appraised value for the mortgaged property is $25,300,000, which results in a Current LTV % of 41.9% and a Maturity LTV % of 30.9%. Please see Footnote 24 herein and “Description of the Mortgage Pool—Redevelopment, Renovation and Expansion” in the Preliminary Prospectus for additional information. |
With respect to Loan No. 20, The Reef, the appraisal for The Reef mortgaged property assumed that (i) the lease for the County of LA Expansion Space took effect in February 2022 and (ii) the lease term for the County of LA's existing space was therefore extended to February 28, 2030. The Cut-off Date LTV Ratio and Maturity Date LTV Ratio set forth in Annex A are therefore also calculated based on such assumptions. The appraisal did not provide a value without such assumptions. As of the date of the prospectus, the County of LA Expansion Space has been accepted, and the lease term for the County of LA’s existing space has been extended to April 30, 2030. With respect to Loan No. 28, Stonington Self Storage, the appraised value reflects the “As-Completed” appraised value of $12,400,000, effective as of July 5, 2022, which assumes the completion of the proposed improvements in a timely and workmanlike manner. The “As-Is” appraised value as of June 5, 2022, is $12,200,000, which results in a Cut-off Date LTV Ratio of 46.7% and a LTV Ratio at maturity of 46.7%. |
(19) | 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. 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. 1, 79 Fifth Avenue, the Largest Tenant, The New School, subleases a portion of the 18th floor totaling 8,820 SF to Gene Kaufman Architect, P.C., which sublease expires December 31, 2022. With respect to Loan No. 5, JANAF Shopping Yard, the Largest Tenant, BJ’s Wholesale Club, subleases 147,400 square feet of space pursuant to a sublease agreement that expires on March 23, 2030 from UE Norfolk Property LLC who in turn leases the space from the borrower WHLR-JANAF-BJ’s. |
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With respect to Loan No. 6, One Campus Martius, the Largest Tenant, Rocket Mortgage, occupying approximately 570,214 square feet, subleases 29,648 square feet of its space to StockX pursuant to a sublease which expires December 31, 2024. |
(20) | 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. 1, 79 Fifth Avenue, the Second Largest Tenant, CapGemini America, Inc. leases 21,500 square feet of space that expires on January 31, 2027, and 43,000 square feet of space that expires on September 30, 2027. CapGemini America, Inc. has a one-time right to terminate its lease with respect to approximately 66.7% of its space effective October 13, 2024 upon 12 months’ prior notice and payment of a termination fee. If CapGemini America, Inc. does not exercise such option, it is entitled to an approximately $250,833 per month rent credit for the two months following the date such termination option would become effective. |
(21) | 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. Certain tenants may have the right to reduce or abate rent or terminate all or a portion of their leased spaces for a breach or violation of co-tenancy provisions in the related leases. With respect to Loan No. 1, 79 Fifth Avenue, the Second Largest Tenant, CapGemini America, Inc. has a one-time right to terminate its lease with respect to approximately 66.7% of its space effective October 13, 2024 upon 12 months’ prior notice and payment of a termination fee. If CapGemini America, Inc. does not exercise such option, it is entitled to an approximately $250,833 per month rent credit for the two months following the date such termination option would become effective. With respect to Loan No. 4, 935 & 953 Sycamore, three tenants at the related mortgaged property are in the process of building out their spaces, which are expected to be completed by the end of 2022. With respect to Loan No. 4, 935 & 953 Sycamore, the Second Largest Tenant, Roc Nation, has a one-time right to terminate its lease effective the end of the 84th month of the lease term with notice between the 69th – 72nd month of the lease term. As a condition to early termination, Roc Nation must pay a termination fee of $1,752,761.82, plus three months of base rent as of the date of termination. The Fourth Largest Tenant, Wix.com, has a one-time right to terminate its lease effective as of the end of the 60th month of the lease term by written notice between the 45th and 48th month of the lease term. As a condition to early termination, Wix.com must pay a termination fee in the amount of $1,264,854.63, plus six months of base rent as of the date of termination. In addition, with respect to the Motor Cars’ space at the property, it is currently being built out and is expected to be delivered by the end of 2022. Motor Cars can only terminate its lease if the space is not delivered by March 2023. The tenant is not currently paying rent and the gap rent has been reserved for upfront. With respect to Loan No. 6, One Campus Martius, each of the Largest Tenant, Rocket Mortgage, the Third Largest Tenant, Rock Ventures, the Fourth Largest Tenant, Building Amenities Wellness Center LLC, the sixth largest tenant, Building Amenities Daycare LLC, the seventh largest tenant, Toast Entertainment (event space floor), the ninth largest tenant, Building Amenities Cafeteria LLC, and the thirteenth largest tenant who also subleases additional space from Rocket Mortgage, StockX, which collectively lease approximately 58.2% of the net rentable area at the Mortgaged Property, are affiliates of the borrower. With respect to Loan No. 7, Gateway Plaza, the Largest Tenant, McGuire-Woods LLP, has one remaining contraction option for up to two full floors exercisable on September 1, 2026 with not less than 12 months and not more than 24 months prior written notice and payment of a corresponding $95.89 per rentable square foot fee for any space reduced. McGuire-Woods LLP declined to exercise an earlier termination option on August 17, 2020. |
With respect to Loan No. 7, Gateway Plaza, the Fourth Largest Tenant, Mercer (US), Inc., has the right to either (i) terminate its lease or (ii) reduce its space by a minimum of not less than 25%, effective on May 31, 2029 with 12 months’ notice and payment of a fee equal to three months base rent and any unamortized leasing costs. With respect to Loan No. 8, The Lion Building, Michael Moritz is the chairman of Sequoia Capital which owns 14.6% of the Class A common stock in Embark Trucks. Although Sequoia has a seat on the board of directors for Embark Trucks, it does not control the company. In addition. Embark Trucks is not yet in occupancy and may terminate its lease (1) effective as of the last day of the 6th year of the lease term (which lease term is anticipated to commence in August 2022) upon written notice to the landlord with at least 12 months’, but no more than 18 months’, prior notice, upon payment of a termination fee equal to $10.00 per rentable square foot and (2) if the landlord fails to |
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deliver the premises on or before October 7, 2022, Embark Trucks may terminate its lease at any time prior to substantial completion of the work. If the landlord fails to deliver the premises on or before January 7, 2023, Embark Trucks will receive a rent credit equal to 1 day of base rent for each day of delay until the landlord's work is completed. Rent is abated for months 13, 25, and 37. In addition, as to the mezzanine premises portion only, the landlord will provide rental abatement for the initial 36 months of the term of the lease. Free rent will be reserved upon the release of the economic holdback (when Embark takes physical occupancy and commences paying rent for the leased premises, anticipated to be August 2022). With respect to Loan No. 20, The Reef, the Largest Tenant, the County of LA, has the right to terminate its lease at any time after April 2027 with 180 days’ prior written notice and the payment of a termination fee equal to the unamortized portion of the tenant improvement allowance and change orders amortized at an 7% interest rate, if any (amortized tenant improvements are not included in the underwritten net cash flow). With respect to Loan No. 21, South Park Business Center, the Third Largest Tenant, Integrated Public Safety Comm, may terminate its lease at any time upon 60 days prior written notice. The Fifth Largest Tenant, Office of Attorney General, has the right to terminate its lease at any time upon 180 days prior written notice to the related landlord and payment of a termination fee equal to the unamortized balance of all lease costs. |
With respect to Loan No. 26, Walgreens Coney Island Ave, the mortgaged property consists of the borrower’s fee simple interest in a parcel of land beneath a single-story retail building, which parcel is leased by the borrower, as ground lessor, to Tau NY-NJ, LLC, as ground lessee, pursuant to a ground lease that commenced on August 10, 2009 and expires on June 30, 2049. The ground lessee leases the improvements to a subtenant (“Walgreens”) pursuant to a building lease that is coterminous with the ground lease. The ground lease has a current annual base rent of $592,900, which is scheduled to increase every five years during the term of the mortgage loan by 10.0%. The next rent step occurs in September 2024 to $652,190. Pursuant to the building lease, Walgreens is responsible for making payments equal to the payments due under the ground lease directly to the ground lessor. The ground lessee has the right to terminate the ground lease effective as of the last day of (i) the 240th full calendar month of the ground lease term (August 31, 2029), (ii) the 300th full calendar month of the ground lease term (August 31, 2034), (iii) the 360th full calendar month of the ground lease term (August 31, 2039), and (iv) the 420th full calendar month of the ground lease term (August 31, 2044), in each case by providing notice thereof to the borrower at least six (6) months prior to the date the ground lease shall so expire. Additionally, if a casualty occurs which results in damage to fifteen percent (15%) or more of the building and such casualty occurs after the first day of the 217th full calendar month (September 1, 2027) of the ground lease term, Tau NY-NJ, LLC may cancel the ground lease by notice to the borrower. The term of the Walgreens lease is for the same term as the ground lease, provided, however Walgreens has the right to terminate its lease on each of (i) August 31, 2029, (ii) August 31, 2034, (iii) August 31, 2039, and (iv) August 31, 2044, in each case by providing notice thereof to the borrower and Tau NY-NJ, LLC at least nine (9) months prior to the date the lease shall so expire. If Walgreens terminates its lease, then the ground lease will automatically terminate on the same date as the effective termination date of the Walgreens lease. Additionally, if a casualty occurs which results in damage to fifteen percent (15%) or more of the building and such casualty occurs after September 1, 2027, Walgreens may cancel its lease by notice to the borrower and Tau NY-NJ, LLC. If Walgreens cancels its lease and the damage was insured by Walgreens, Walgreens will provide Tau NY-NJ, LLC with the proceeds of such insurance in the amount required by the Walgreens lease. |
(22) | In the case of certain Mortgage Loans, all or a portion of the Ownership Interest consists of a leasehold interest. With respect to Loan No. 6, One Campus Martius, the mortgaged property consists of two units in a condominium with a total of two units. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” for additional information. With respect to Loan No. 7, Gateway Plaza, the mortgaged property is subject to two--unit condominium regime comprised of (i) a collateral office building and 201 parking spaces in a 511-space parking garage, representing the mortgaged property, and (ii) the remaining parking spaces, which are not part of the collateral. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium and Other Shared Interests” in the Prospectus for additional information. With respect to Loan No. 11, NMC Industrial Portfolio II, the mortgage loan is secured in part by the borrower’s leasehold interest in an unimproved parcel of land at the 2030 Old Candler Road mortgaged property that is subject to a ground lease that does not contain customary lender protections. |
(23) | 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 loan documents. |
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With respect to Loan No. 2, Yorkshire & Lexington Towers, the borrowers were required to reserve $5,900,000 at origination for a supplemental income reserve for the projected shortfall between the underwritten net cash flow and the cash flow required to achieve a 5.00% debt yield. The guarantors are required to provide a carry guaranty acceptable to the lender until a debt yield on the total debt of at least 5.0% has been achieved (without taking into account any disbursement of supplemental income reserve funds) for one calendar quarter, provided no event of default then exists. On a quarterly basis after May 2023, if the lender, in its reasonable discretion, determines that additional deposits to the supplemental income reserve are required to achieve a debt yield of 5.0% for the period ending on the 12 month anniversary of the first annual determination of such requirement, the borrower will be required to make such additional deposits to the supplemental income reserve within 15-business days’ notice, which obligation will be guaranteed by the guarantors pursuant to the carry guaranty. Notwithstanding the foregoing, such carry guaranty will be limited to the amounts required to be deposited into the supplemental income reserve on a quarterly basis. With respect to Loan No. 8, The Lion Building, there is a $31,000,000 holdback reserve in connection with the initial tenant improvement work under the Embark Lease. The funds, less the amount of free rent ($2,321,111) under the Embark Lease, will be released upon satisfaction of the Embark Holdback Conditions, so long as such conditions are satisfied within three (3) years after the loan origination date. The Embark Holdback Conditions are delivery by the borrower to the lender of (i) evidence reasonably satisfactory to the lender that all initial tenant improvements have been completed in accordance with the terms of the Embark Lease, (ii) copies of appropriate final lien waivers or other evidence satisfactory to the lender of payment for the work, to the extent not previously delivered to the lender, and (iii) a current tenant estoppel certificate from Embark, which confirms, at a minimum, (a) Embark has accepted possession of the premises, is in occupancy and open for business, (b) Embark has actually commenced paying full, unabated rent (excluding any free rent reserved), (c) the Embark Lease is in full force and effect and there are no defaults thereunder and (d) the rent commencement date for the Embark Lease. If the borrower sponsor fails to deliver the leased premises and rent has not commenced by the date 36 months after the loan closing, the borrower has the right (but not obligation) to defease the loan in an amount equal to the economic holdback funds. The second-floor space for Embark is finished. Rent is expected to commence upon substantial completion and delivery of the ground floor/mezzanine space (anticipated on August 1, 2022). |
With respect to Loan No. 8, The Lion Building, there is no base rent due for the 36th, 48th, 60th, 72nd, 84th, 96th and the final month for IDEO. As of closing, an amount of $5,304,696 was reserved for free rent under the IDEO lease. With respect to Loan No. 8, The Lion Building, the tenants posted security deposits with the landlord when the leases were signed. The security deposit is $3,089,694 (approximately 10 months of rent) for Embark and $4,631,047 (approximately seven months of rent) for IDEO. The total amount of security deposit is held back in a lender-controlled account at origination. With respect to IDEO’s security deposit, so long as the tenant is not in default, at the end of 60th month of the lease term, the amount of the security deposit will be reduced to $2,778,628.32. With respect to Embark Trucks’ security deposit, so long as there are no defaults continuing, the amount of the security deposit decreases on the anniversary of the lease commencement date each year as follows: (1) second lease year, reduced to an amount equal to nine months’ rent at the first lease year rental rate, (2) third lease year, reduced to an amount equal to eight months’ rent at the first lease year rental rate, (3) fourth lease year, reduced to an amount equal to seven months’ rent at the first lease year rental rate, (4) fifth lease year, reduced to an amount equal to six months’ rent at the first lease year rental rate. The reduction of the security deposit will be via a payment to the tenant in the form of cash or check. In addition, the tenant will have the right, at its option at any time during months 25 to 36 of the lease term, upon 60 days’ notice in advance to the landlord, to deliver to the landlord a letter of credit issued by Silicon Valley Bank in the amount of the cash security deposit, and the landlord will then refund the cash security deposit to the tenant. With respect to Loan No. 12, Lincoln Place, at loan origination, the related borrowers deposited $750,000 into the Upfront Other Reserve ($) that was paid by the seller of the related mortgaged property in connection with the vacant spaces at the mortgaged property. On each Payment Due Date through and including the Payment Due Date in June 2024, the lender is required under the related mortgage loan documents to disburse $31,250 from the Upfront Other Reserve ($) to the related lockbox account to be further disbursed (x) if no cash sweep period is in effect under the mortgage loan documents, to the borrowers or (y) if a cash sweep period is in effect under the mortgage loan documents, to the related cash management account. |
(24) | 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 loan documents. In certain cases, reserves with $0 balances are springing and are collected in the event of certain conditions being triggered in the respective |
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Mortgage Loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being trigger in the respective Mortgage Loan documents. With respect to Loan No. 2, Yorkshire & Lexington Towers, the lender may require the borrowers to make additional supplemental income reserve deposits if and to the extent the lender determines, in its reasonable discretion on a quarterly basis on and after May 6, 2023, that additional supplemental income reserve deposits are required in order to achieve (when the additional deposit and all other deposits in the supplemental income reserve account are added to net cash flow for the mortgaged properties) a 5.00% transient Total Debt debt yield for the following 12, 9, 6 or 3 months (such applicable 12, 9, 6 or 3- month period depending on the quarter with respect to which such determination by the lender is made). The guarantors provided a related carry guaranty of certain carry costs, including real estate taxes, insurance premiums, debt service and operating expenses, for the period until the mortgaged properties achieve a 5.00% transient debt yield (excluding the amount on deposit in the supplemental income reserve). The obligations of the guarantors under such carry guaranty are limited to the additional supplemental income reserve deposit amount as and when due. With respect to Loan No. 8, The Lion Building, the borrower may deliver a letter of credit to prevent or stop a lease sweep period in an amount equal to $50 per square foot of the applicable space. With respect to Loan No. 8, The Lion Building, the capital expenditure reserve is capped at $86,164.00. $130,000 is reserved for sidewalk repairs at closing and after completion of the repairs any remaining funds will count towards the cap. With respect to Loan No. 8, The Lion Building, $1,500,000.00 and $1,204,315.00, respectively, were reserved for tenant improvements for Embark and IDEO. $472,071.25 and $1,769,745.50, respectively, were reserved for outstanding leasing commissions for Embark and IDEO. With respect to Loan No. 8, The Lion Building, the Monthly TI/LC Reserve is currently suspended so long as no trigger period is continuing and the IDEO lease and Embark Leases are in full force and effect with all obligations under the leases related to TI/LC satisfied. With respect to Loan No. 12, Lincoln Place, the borrowers are permitted to deliver a letter of credit in lieu of cash to prevent or cure a cash sweep event caused by the debt service coverage ratio falling below the threshold required to be maintained under the related mortgage loan documents. |
With respect to Loan No. 19, Embassy Suites Orlando North, the borrower is required to deposit an amount equal to (a) commencing on August 1, 2022, and on each Payment Due Date through and including March 1, 2024, the sums required of borrower to complete all work described in any property improvement plan required by a franchisor reasonably estimated by lender from time to time to provide for adequate funds to complete the work described in any property improvement plan within the time frames required by the property improvement plan (“PIP Monthly Deposit”) into the FF&E Reserve, and (b) commencing on the Payment Due Date on April 1, 2024, and on each Payment Due Date thereafter, an amount equal to 4.0% of gross income from operations (or such higher amount recommended or required by the related franchise agreement or replacement franchise agreement), for the calendar month that is two months prior to such Payment Due Date into the FF&E Reserve, in addition to the PIP Monthly Deposit. Please see “Description of the Mortgage Pool—Redevelopment, Renovation and Expansion” in the Preliminary Prospectus for additional information. |
(25) | 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. 2, Yorkshire & Lexington Towers, the lender may require the borrowers to make additional supplemental income reserve deposits if and to the extent the lender determine, in its reasonable discretion on a quarterly basis on and after May 6, 2023, that additional supplemental income reserve deposits are required in order to achieve (when the additional deposit and all other deposits in the supplemental income reserve account are added to net cash flow for the mortgaged properties) a 5.00% transient Total Debt debt yield for the following 12, 9, 6 or 3 months (such applicable 12, 9, 6 or 3- month period depending on the quarter with respect to which such determination by the lender is made). The guarantors provided a related carry guaranty of certain carry costs, including real estate taxes, insurance premiums, debt service and operating expenses, for the period until the mortgaged properties achieve a 5.00% transient debt yield (excluding the amount on deposit in the supplemental income reserve). The obligations of the guarantors under such carry guaranty are limited to the additional supplemental income reserve deposit amount as and when due. |
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With respect to Loan No. 9, NMC Industrial Portfolio I, the Replacement Reserve Cap ($) is equal to the product of (x) $0.30 multiplied by (y) the aggregate number of rentable square feet then contained at the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable square feet is 606,967. With respect to Loan No. 9, NMC Industrial Portfolio I, the TI/LC Cap ($) is equal to the product of (x) $1.50 multiplied by (y) the aggregate number of rentable square feet then contained at the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable square feet is 606,967. With respect to Loan No. 11, NMC Industrial Portfolio II, the Replacement Reserve Cap ($) is equal to the product of (x) $0.30 multiplied by (y) the aggregate number of rentable square feet then contained at the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable square feet is 861,600. With respect to Loan No. 11, NMC Industrial Portfolio II, the TI/LC Cap ($) is equal to the product of (x) $1.50 multiplied by (y) the aggregate number of rentable square feet then contained at the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable square feet is 861,600. With respect to Loan No. 17, NMC Industrial Portfolio III, the Replacement Reserve Cap ($) is equal to the product of (x) $0.30 multiplied by (y) the aggregate number of rentable square feet then contained at the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable square feet is 332,681. With respect to Loan No. 17, NMC Industrial Portfolio III, the TI/LC Cap ($) is equal to the product of (x) $1.50 multiplied by (y) the aggregate number of rentable square feet then contained at the mortgaged properties. As of the Cut-off Date, the aggregate number of rentable square feet is 332,681. |
With respect to Loan No. 19, Embassy Suites Orlando North, the Debt Service Reserve Cap ($) will decrease to $156,318.50 upon the satisfaction of the following conditions: (i) no event of default under the Embassy Suites Orlando North mortgage loan documents has occurred and is continuing, (ii) borrower has not drawn funds from the Debt Service Reserve for six consecutive months after completion of the related property improvement plan, and (iii) the debt service coverage ratio is equal to or greater than 1.20x based on a trailing three month basis. In addition, provided no event of default has occurred and is continuing, if borrower has not drawn funds from the Debt Service Reserve for an additional six consecutive months and the debt service coverage ratio is equal to or greater than 1.70x based on a trailing 12 month basis, the lender will be required (at the borrower’s written request) to release all amounts held in the Debt Service Reserve to the borrower. With respect to Loan No. 26, Walgreens Coney Island Ave, the TI/LC Cap ($) and Replacement Reserve Caps ($) are equal to 18 times the amount of the monthly deposits. |
(26) | The classification of the lockbox and cash management types is described in the prospectus. See “Description of the Mortgage Pool – Lockbox Accounts” for further details. With respect to Loan No. 6, One Campus Martius, the whole loan is structured with a hard lockbox for the related mortgaged property other than with respect to the parking garage portion of the mortgaged property, the income from which is not required to be deposited into the lockbox account until the occurrence of a cash sweep event. |
(27) | Refers to (a) debt secured by the Mortgaged Property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Debt—Mezzanine Indebtedness” and “—Other Indebtedness” 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. 2, Yorkshire & Lexington Towers, concurrently with the funding of the Yorkshire & Lexington Towers whole loan, Bank of Montreal (“BMO”) and Citigroup Global Markets Realty Corp. (“CGMRC”) co-originated four mezzanine loans, in the total amount of $174,500,000. The mezzanine A loan in the amount of $80,000,000 is secured by the mezzanine A borrower’s interests in the borrowers, as collateral for the mezzanine A loan (the “Mezzanine A Loan”). The Mezzanine A Loan is coterminous with the Yorkshire & Lexington Towers whole loan. The Mezzanine A Loan accrues interest at a rate of 5.80000% per annum and requires interest-only payments until its maturity date. Concurrently with the funding of the Yorkshire & Lexington Towers whole loan, BMO and CGMRC co-originated a mezzanine B loan in the amount of $23,100,000 secured by the mezzanine B borrower’s interests in the borrowers, as collateral for the mezzanine B loan (the “Mezzanine B Loan”). The Mezzanine B Loan is coterminous with the Yorkshire & Lexington Towers whole loan. The Mezzanine B Loan accrues interest at a rate of 7.14000% per annum and requires interest-only payments until its maturity date. Concurrently with the funding of the Yorkshire & Lexington Towers whole loan, BMO and CGMRC, co-originated a mezzanine C loan in the amount of $25,000,000 secured by the mezzanine C borrower’s interests in the borrowers, as collateral for the mezzanine C loan (the “Mezzanine C Loan”). The Mezzanine C Loan is coterminous with the Yorkshire & Lexington Towers whole loan. The Mezzanine C Loan accrues interest at a rate of 8.00000% per annum and requires interest-only payments until its maturity date. |
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Concurrently with the funding of the Yorkshire & Lexington Towers whole loan, BMO and CGMRC co-originated a mezzanine D loan in the amount of $46,400,000 secured by the mezzanine D borrower’s interests in the borrowers, as collateral for the mezzanine D loan (the “Mezzanine D Loan”). The Mezzanine D Loan is coterminous with the Yorkshire & Lexington Towers whole loan. The Mezzanine D Loan accrues interest at a rate of 9.46185345% per annum and requires interest-only payments until its maturity date. With respect to Loan No. 4, 935 & 953 Sycamore, the borrower is permitted to obtain mezzanine financing secured by direct or indirect ownership interests in the borrower subject to certain conditions, including, without limitation: (i) a combined maximum loan to value ratio of 51.3%, inclusive of the additional mezzanine debt, (ii) a debt service coverage ratio at the origination of the mezzanine loan at least equal to 1.40x, inclusive of the additional mezzanine debt, (iii) the mezzanine loan is coterminous with the 935 & 953 Sycamore Loan whole loan; and (iv) an intercreditor agreement reasonably satisfactory to the lender. |
With respect to Loan No. 6, One Campus Martius, the mortgage loan documents permit the direct or indirect owners of the borrower (other than any principal) to obtain one or more unsecured loans from affiliates of the borrower, provided each unsecured loan is (a) unsecured, (b) payable only out of excess cash flow from the mortgaged property, (c) subordinate in all respects to the mortgage loan pursuant to a subordination and standstill agreement satisfactory to the lender in its sole discretion, and (d) without a maturity date. The aggregate amount of all unsecured loans that may be entered into without the lender’s consent may not exceed 10.0% of the aggregate unpaid principal amount of all of the mortgage loan at any one time. With respect to Loan No. 7, Gateway Plaza, the beneficial owners of the borrower are permitted to obtain mezzanine financing (each, a “Gateway Plaza Permitted Mezzanine Loan”) from one or more lenders meeting certain requirements under the related loan documents secured by a pledge of the equity interests in the borrower, provided that, among other conditions: (a) the Gateway Plaza Permitted Mezzanine Loan is in an amount not to exceed an amount that, when added to the mortgage loan will result in (A) a combined loan-to-value ratio of the Mortgaged Property of no more than 51.9%, (B) a combined adjusted debt service coverage ratio (based on the loan documents) of no less than 2.32x, and (C) a combined debt yield of no less than 16.57%; (b) the Gateway Plaza Permitted Mezzanine Loan is secured by an equity pledge encumbering direct and indirect ownership interests in the borrower (and not any collateral securing the Mortgage Loan); (c) to the extent any “balloon” payment is due at the maturity of the Gateway Plaza Permitted Mezzanine Loan, (A) such maturity may not occur prior to the maturity of the mortgage loan and will allow at least two one-year extension options, or (B) any “balloon” payment may be paid following the maturity of the Mortgage without the payment of any prepayment premium or prepayment fee; and (d) the mezzanine lender (i) is not an affiliate of the borrower and (ii) enters into an intercreditor agreement with the lender satisfactory in all respects to the lender in its reasonable discretion and any applicable rating agency. Additionally, such financing will be subject to receipt by the lender of rating agency confirmations from the applicable rating agencies. With respect to Loan No. 12, Lincoln Place, one of the borrowers, Alneil Jo-Ash LLC, is the debtor to a $2,000,000 reverse 1031 exchange note, in which Jo-Ash Realty Corp., is the creditor. Jo-Ash Realty Corp. entered into subordination and standstill terms with the lender applicable to this note. The reverse 1031 exchange is required to be completed within 180 days of May 25, 2022 (i.e., by November 21, 2022). See “Description of the Mortgage Loans – Additional Debt” in this Prospectus. With respect to Loan No. 19, Embassy Suites Orlando North, an upstream owner of the related borrower, ESM 2014 TRUST, u/a/d June 16, 2014, has incurred an unsecured loan from Green Hill Presbyterian Church, Inc., in the amount of $16,000,000. See “Description of the Mortgage Loans – Additional Debt” in this Prospectus. With respect to Loan No. 24, Florida NNN Portfolio, the borrowers acquired the portfolio of mortgaged properties as part of a 1031 exchange following the January 2022 sale of a $13.2 million multifamily portfolio in New York City. |
(28) | In certain cases, the name of the Sponsor and/or Non-Recourse Carveout Guarantor was shortened for spacing purposes or due to the number of parties serving as the Sponsor and/or Non-Recourse Carveout Guarantor. In the case of certain Mortgage Loans, the loan documents permit the borrower to replace the Sponsor and/or Non-Recourse Carveout Guarantor upon satisfaction of certain terms and conditions in the related loan documents. |
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With respect to Loan No. 25, Johns Hopkins University, the loan documents do not provide recourse for losses and damages for any breaches of the environmental covenants in the loan documents; provided, however, the related guarantor did enter into a separate environmental indemnity agreement. |
(29) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones (“QOZs”) under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any mortgaged properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. With respect to Loan No. 9, NMC Industrial Portfolio I, the mortgaged properties 437 South Noble Street Anniston Alabama, 2912 3rd Avenue North Birmingham Alabama, 1212 Webster Avenue, Columbus Georgia, 1715 Main Avenue Southwest Cullman Alabama, 458 Bic Road, Dothan Alabama, 2609 Decatur Highway Gardendale Alabama, 2609 Clinton Avenue, West Huntsville Alabama, 2310 Frederick Road, Opelika Alabama, 4025 North Palafox Street, Pensacola Florida, 7 Armstrong Street Northwest Rome Georgia, and 3015 10th Avenue, Tuscaloosa Alabama are located within a QOZ. With respect to Loan No. 11, NMC Industrial Portfolio II, the mortgaged property 1919 Superior Street, Elkhart, Indiana is located within a QOZ. With respect to Loan No. 29, CIG Self Storage Portfolio, the mortgaged property 1656 Whitlock Avenue, West Valley City, Utah is located within a QOZ. |
(30) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field “Sources: Principal's New Cash Contribution ($)” reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field “Sources: Principal’s New Cash Contribution ($)” reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
(31) | With respect to each hotel property, shows the expiration date of the related license agreement, franchise agreement, operating agreement or management agreement. See “Description of the Mortgage Pool—Property Types—Hotel Properties” in the preliminary prospectus for information related to Mortgage Loans secured by hotel properties. |
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