FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-255934-03 | ||
BMO 2022-C3 Disclaimer STATEMENT REGARDING THIS FREE WRITING PROSPECTUS The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-866-864-7760 (8 a.m. – 5 p.m. EST). Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time. STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of BMO Capital Markets Corp., Citigroup Global Markets Inc., UBS Securities LLC, Regions Securities LLC, Bancroft Capital, LLC, Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us. This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement. IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES The information herein is preliminary and may be supplemented or amended prior to the time of sale. In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis. The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials. The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale. IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County |
1 | 25 | ||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 5.2% | 100.0% | SMC, BMO, CREFI | BMO, SMC | Group A | NAP | 784, 788 and 792 Columbus Avenue | New York | New York |
2 | Loan | 12 | 1 | Kingston Square Apartments | 5.1% | 100.0% | BMO | BMO | NAP | NAP | 7171 East Twin Oaks Drive | Indianapolis | Marion |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 5.1% | BMO, SMC, CREFI | BMO | Group A | NAP | Various | New York | New York | |
3.01 | Property | 1 | Yorkshire Towers | 4.4% | 86.1% | 305 East 86th Street | New York | New York | |||||
3.02 | Property | 1 | Lexington Towers | 0.7% | 13.9% | 160 East 88th Street | New York | New York | |||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 5.1% | UBS AG | UBS AG | NAP | NAP | Various | Various | Various | |
4.01 | Property | 1 | Memphis, TN | 1.9% | 37.7% | 3456 Meyers Road | Memphis | Shelby | |||||
4.02 | Property | 1 | Wetumpka, AL | 1.6% | 31.3% | 3145 Elmore Road | Wetumpka | Elmore | |||||
4.03 | Property | 1 | Rockford, IL | 0.8% | 16.0% | 4650 Shepherd Trail | Rockford | Winnebago | |||||
4.04 | Property | 1 | Iowa City, IA | 0.5% | 10.2% | 2500 Highway 6 East | Iowa City | Johnson | |||||
4.05 | Property | 1 | Versailles, KY | 0.2% | 4.8% | 900 - 1000 Tyrone Pike | Versailles | Woodford | |||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 5.0% | 100.0% | LMF | LMF | NAP | NAP | 50 Tice Boulevard | Woodcliff Lake | Bergen |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 4.8% | 100.0% | LMF | LMF | NAP | NAP | 1301-1325 Churchmans Road | Newark | New Castle |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 4.4% | SMC | SMC | NAP | NAP | Various | Various | Harris | |
7.01 | Property | 1 | Creekside Apartments | 1.8% | 41.3% | 3120 Decker Drive | Baytown | Harris | |||||
7.02 | Property | 1 | Oak Glen Apartments | 1.5% | 34.0% | 5500 Antoine Drive | Houston | Harris | |||||
7.03 | Property | 1 | Sterling Crossing Apartments | 1.1% | 24.7% | 4503 South Kirkwood Road | Houston | Harris | |||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 4.1% | 100.0% | UBS AG, CREFI | UBS AG | NAP | NAP | 469 7th Avenue | New York | New York |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 4.1% | 100.0% | CREFI | CREFI | NAP | NAP | 100 Ashley Drive South | Tampa | Hillsborough |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 3.8% | 100.0% | BMO | BMO | NAP | NAP | 250 Highland Park Boulevard | Wilkes Barre | Luzerne |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 3.7% | 100.0% | CREFI | CREFI | NAP | NAP | 2300 Haggerty Road | West Bloomfield | Oakland |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 3.4% | CREFI | CREFI | NAP | NAP | Various | Various | Various | |
12.01 | Property | 1 | Chandler Tech Center | 3.0% | 88.5% | 300 and 305 North 56th Street | Chandler | Maricopa | |||||
12.02 | Property | 1 | Winn Dixie Prairieville | 0.4% | 11.5% | 17682 Airline Highway | Prairieville | Ascension | |||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 3.2% | 100.0% | BMO | BMO | NAP | NAP | 115-117 Franklin Turnpike | Mahwah | Bergen |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 3.1% | 100.0% | BMO | BMO | NAP | NAP | 2014-2036 and 2100 South Michigan Avenue | Chicago | Cook |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 3.1% | CREFI | CREFI | NAP | NAP | Various | Phoenix | Maricopa | |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | 1.8% | 58.3% | 888 North 44th Street | Phoenix | Maricopa | |||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | 1.3% | 41.7% | 800 North 44th Street | Phoenix | Maricopa | |||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 2.8% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 REIT | NAP | NAP | 1641 West Imperial Highway | La Habra | Orange |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 2.8% | 3650 Real Estate Investment Trust 2 LLC | 3650 REIT | NAP | NAP | Various | Various | Various | |
17.01 | Property | 1 | Evergreen | 0.6% | 22.9% | 12499 Evergreen Avenue | Detroit | Wayne | |||||
17.02 | Property | 1 | Empire A&B | 0.6% | 21.0% | 7625 Empire Drive | Florence | Boone | |||||
17.03 | Property | 1 | Lone Oak | 0.4% | 15.3% | 1313 Loan Oak Road | Eagan | Dakota | |||||
17.04 | Property | 1 | Mound | 0.2% | 8.3% | 24680 Mound Road | Warren | Macomb | |||||
17.05 | Property | 1 | Rochester | 0.2% | 7.7% | 1842 & 1890 Rochester Industrial Drive | Rochester Hills | Oakland | |||||
17.06 | Property | 1 | Schoolcraft | 0.2% | 6.4% | 39555 Schoolcraft Road | Plymouth Township | Wayne | |||||
17.07 | Property | 1 | Wayne | 0.1% | 5.4% | 32713 Schoolcraft Road | Livonia | Wayne | |||||
17.08 | Property | 1 | Jeffries | 0.1% | 5.2% | 34443 Schoolcraft Road | Livonia | Wayne | |||||
17.09 | Property | 1 | Eckels | 0.1% | 4.3% | 12707 Eckles Road | Plymouth | Wayne | |||||
17.10 | Property | 1 | Martel | 0.1% | 3.6% | 3120 Interstate 30 | Little Rock | Pulaski | |||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 2.4% | 100.0% | BMO | BMO | NAP | NAP | 42-60 East Main Street | Rising Sun | Cecil |
19 | Loan | 19 | 1 | Icon One Daytona | 2.1% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 REIT | Group B | NAP | 1820 Legends Lane | Daytona Beach | Volusia |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 1.6% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 REIT | NAP | NAP | 5103 South Harvey Street | Norton Shores | Muskegon |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 1.5% | 100.0% | RC | ReadyCap | NAP | NAP | 1051 Union Street and 1729 Chapin Road | Montebello | Los Angeles |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 1.4% | 100.0% | CREFI, BMO, BCREI | BMO | NAP | NAP | 101 Crawfords Corner Road | Holmdel | Monmouth |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 1.4% | 100.0% | BMO | BMO | NAP | NAP | 111 River Street | Hoboken | Hudson |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 1.4% | 100.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 REIT | Group B | NAP | 1255 North Palm Avenue | Sarasota | Sarasota |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 1.4% | 100.0% | BMO | BMO | NAP | NAP | 3455 Veterans Memorial Highway | Ronkonkoma | Suffolk |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 1.4% | 100.0% | BMO | BMO | NAP | NAP | 1101 Technology Park Drive | Glen Allen | Henrico |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | 1.3% | 100.0% | Greystone | ReadyCap | Group C | NAP | 1032 Centerbrooke Lane | Suffolk | Suffolk City |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | 1.2% | Sabal | Sabal | NAP | NAP | Various | Various | Various | |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | 0.8% | 63.9% | 5959 South Harlem Avenue | Chicago | Cook | |||||
28.02 | Property | 1 | 11825 Olive Street | 0.2% | 15.9% | 11825 Olive Street | La Vista | Sarpy | |||||
28.03 | Property | 1 | 201 Tower Plaza | 0.1% | 10.7% | 201 Tower Plaza | Belleville | Saint Clair | |||||
28.04 | Property | 1 | 318 N 25th St | 0.1% | 4.8% | 318 North 25th Street | Saginaw | Saginaw | |||||
28.05 | Property | 1 | 1201 Pontiac Court | 0.1% | 4.6% | 1201 Pontiac Court | Export | Westmoreland | |||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 1.1% | 100.0% | Sabal | Sabal | NAP | NAP | 175 Fontainebleau Boulevard | Miami | Miami-Dade |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 1.0% | SGFC, GSBI, BMO | BMO | NAP | NAP | Various | Various | Various | |
30.01 | Property | 1 | Fairfield Inn Orange Beach | 0.2% | 20.1% | 3111 Loop Road | Orange Beach | Baldwin | |||||
30.02 | Property | 1 | Beachside Gulf Shores | 0.2% | 17.8% | 610 West Beach Boulevard | Gulf Shores | Baldwin | |||||
30.03 | Property | 1 | Home2Suites Mobile | 0.1% | 14.3% | 5460 Inn Road | Mobile | Mobile | |||||
30.04 | Property | 1 | Home2Suites Daphne | 0.1% | 12.9% | 8943 Sawwood Street | Daphne | Baldwin | |||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | 0.1% | 12.2% | 3947 Gulf Shores Parkway | Gulf Shores | Baldwin | |||||
30.06 | Property | 1 | Gulf Shores Motel 6 | 0.1% | 7.1% | 3025 West 1st Street | Gulf Shores | Baldwin | |||||
30.07 | Property | 1 | Red Roof Pensacola | 0.1% | 6.4% | 2591 Wilde Lake Boulevard | Pensacola | Escambia | |||||
30.08 | Property | 1 | Quality Inn Gulf Shores | 0.0% | 4.9% | 213 West Fort Morgan Road | Gulf Shores | Baldwin | |||||
30.09 | Property | 1 | Red Roof Gulf Shores | 0.0% | 4.4% | 3049 West 1st Street | Gulf Shores | Baldwin | |||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 1.0% | 3650 Real Estate Investment Trust 2 LLC | 3650 REIT | NAP | NAP | Various | Various | Various | |
31.01 | Property | 1 | Copperas Cove | 0.4% | 40.2% | 930 West Highway 190 | Copperas Cove | Coryell | |||||
31.02 | Property | 1 | Killeen | 0.3% | 32.6% | 5708 East Rancier Avenue | Killeen | Bell | |||||
31.03 | Property | 1 | Morgan's Point | 0.2% | 16.5% | 1875 Morgan's Point Road | Morgan's Point Resort | Bell | |||||
31.04 | Property | 1 | Temple | 0.1% | 10.7% | 4800 South 31st Street | Temple | Bell | |||||
32 | Loan | 1 | Bella Vista Village | 0.9% | 100.0% | BMO | BMO | NAP | NAP | 270 East Hunt Highway | San Tan Valley | Pinal | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 0.9% | Sabal | Sabal | NAP | NAP | Various | Bridgman | Berrien | |
33.01 | Property | 1 | Sunset Landing | 0.4% | 47.5% | 9587 Red Arrow Highway | Bridgman | Berrien | |||||
33.02 | Property | 1 | Sunset Dunes | 0.3% | 39.3% | 4738, 4764, 4788, 4812, 4838 Lake Street and 9719, 9720 Karen Court | Bridgman | Berrien | |||||
33.03 | Property | 1 | Sunset Estates | 0.1% | 13.1% | 9632-9648 Clark Street | Bridgman | Berrien | |||||
34 | Loan | 1 | 1 | Warwick Self Storage | 0.8% | 100.0% | Greystone | ReadyCap | Group C | NAP | 14750 Warwick Boulevard | Newport News | Newport News City |
A-1-1 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 0.8% | SMC | SMC | NAP | NAP | Various | Various | Various | |
35.01 | Property | 1 | Island Estates I | 0.3% | 33.3% | 904 Trotter Way & 2149 Ridge Road | Pigeon Forge | Sevier | |||||
35.02 | Property | 1 | Cove Lake South | 0.2% | 28.9% | 452 Park Road | Caryville | Campbell | |||||
35.03 | Property | 1 | Midtown Estates | 0.1% | 15.8% | 150 Midtown Park Circle | Harriman | Roane | |||||
35.04 | Property | 1 | Island Estates II | 0.1% | 11.4% | 510 Ridge Road | Sevierville | Sevier | |||||
35.05 | Property | 1 | Cove Lake North | 0.1% | 10.5% | 103 Falin Lane | Caryville | Campbell | |||||
36 | Loan | 1 | Super Mini Storage | 0.8% | 100.0% | Sabal | Sabal | NAP | NAP | 7707 Stockton Boulevard | Sacramento | Sacramento | |
37 | Loan | 10 | 1 | Village at Rankin | 0.8% | 100.0% | RC | ReadyCap | NAP | NAP | 3237 Yanceyville Street | Greensboro | Guilford |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | 0.8% | 100.0% | BMO | BMO | NAP | NAP | 1905 North Prince Street | Clovis | Curry |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 0.7% | 100.0% | CIBC | ReadyCap | NAP | NAP | 51 East Cossitt Avenue | La Grange | Cook |
40 | Loan | 1 | Crowley Village | 0.7% | 100.0% | Sabal | Sabal | NAP | NAP | 2000-2016 North Parkerson Avenue | Crowley | Acadia | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 0.7% | Sabal | Sabal | NAP | NAP | Various | Chicago | Cook | |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | 0.3% | 38.7% | 4944-4946 North Harding Avenue | Chicago | Cook | |||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | 0.2% | 32.1% | 6442-6444 North Hamilton Avenue | Chicago | Cook | |||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | 0.2% | 29.2% | 4801 North Ridgeway Avenue | Chicago | Cook | |||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | 0.7% | 100.0% | Sabal | Sabal | NAP | NAP | 825-913 Juno Lane, 3800-3917 Huntington Road and 4008-4024 Sheraton Road | Denton | Denton |
43 | Loan | 16 | 1 | Scotland Court Industrial | 0.6% | 100.0% | Sabal | Sabal | NAP | NAP | 22275 & 22325 South Scotland Court | Queen Creek | Maricopa |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 0.5% | 100.0% | LMF | LMF | Group D | NAP | 561 Clinton Street | Brooklyn | Kings |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 0.4% | 100.0% | RC | ReadyCap | NAP | NAP | 1407 Spring Street | Charlotte | Mecklenburg |
46 | Loan | 10 | 1 | Valley Paradise | 0.4% | 100.0% | RC | ReadyCap | NAP | NAP | 15420 Vanowen Street | Van Nuys | Los Angeles |
47 | Loan | 10 | 1 | Harbor View Apartments | 0.4% | 100.0% | RC | ReadyCap | NAP | NAP | 830-916 LaSalle Street and 1610 River Road | Jacksonville | Duval |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | 0.4% | 100.0% | LMF | LMF | Group D | NAP | 2015 Walnut Street | Philadelphia | Philadelphia |
A-1-2 |
BMO 2022-C3 - Annex A
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 ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % |
2 | 2 | 3 | 6, 7 | 6, 7 | 6, 7 | ||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | NY | 10025 | Multifamily | High Rise | 1950, 1958, 1963 | 2014 | 850 | Units | 220,588.24 | 37,500,000 | 37,500,000 | 37,500,000 | 4.65000% |
2 | Loan | 12 | 1 | Kingston Square Apartments | IN | 46226 | Multifamily | Garden | 1963, 1992, 1995 | 2020-2022 | 523 | Units | 97,514.34 | 37,000,000 | 37,000,000 | 37,000,000 | 5.82000% |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | NY | Various | Multifamily | High Rise | Various | Various | 808 | Units | 393,564.36 | 37,000,000 | 37,000,000 | 37,000,000 | 3.04000% |
3.01 | Property | 1 | Yorkshire Towers | NY | 10028 | Multifamily | High Rise | 1964 | 2014, 2022 | 681 | Units | 31,841,719 | 31,841,719 | 31,841,719 | |||
3.02 | Property | 1 | Lexington Towers | NY | 10128 | Multifamily | High Rise | 1963 | 2014 | 127 | Units | 5,158,281 | 5,158,281 | 5,158,281 | |||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | Various | Various | Industrial | Various | Various | Various | 3,760,303 | SF | 19.95 | 37,000,000 | 37,000,000 | 37,000,000 | 6.11700% |
4.01 | Property | 1 | Memphis, TN | TN | 38108 | Industrial | Warehouse/Distribution | 1973 | 2020 | 1,374,972 | SF | 13,936,667 | 13,936,667 | 13,936,667 | |||
4.02 | Property | 1 | Wetumpka, AL | AL | 36092 | Industrial | Manufacturing | 1997 | 2021-2022 | 735,231 | SF | 11,593,333 | 11,593,333 | 11,593,333 | |||
4.03 | Property | 1 | Rockford, IL | IL | 61103 | Industrial | Warehouse/Distribution | 1980 | 2019 | 517,574 | SF | 5,920,000 | 5,920,000 | 5,920,000 | |||
4.04 | Property | 1 | Iowa City, IA | IA | 52240 | Industrial | Warehouse/Distribution | 1964 | 2022 | 341,491 | SF | 3,774,000 | 3,774,000 | 3,774,000 | |||
4.05 | Property | 1 | Versailles, KY | KY | 40383 | Industrial | Warehouse/Distribution | 1964 | 2011 | 791,035 | SF | 1,776,000 | 1,776,000 | 1,776,000 | |||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | NJ | 07677 | Office | Suburban | 1984 | 2020 | 256,459 | SF | 142.32 | 36,500,000 | 36,500,000 | 34,094,201 | 5.88000% |
6 | Loan | 23 | 1 | Center Pointe Plaza I | DE | 19713 | Retail | Anchored | 1997 | NAP | 238,348 | SF | 146.70 | 35,000,000 | 34,966,340 | 29,839,753 | 6.18000% |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | TX | Various | Multifamily | Garden | Various | Various | 633 | Units | 50,855.13 | 32,250,000 | 32,191,295 | 27,370,289 | 6.02000% |
7.01 | Property | 1 | Creekside Apartments | TX | 77520 | Multifamily | Garden | 1978 | 2017 | 250 | Units | 13,331,475 | 13,307,208 | 11,314,305 | |||
7.02 | Property | 1 | Oak Glen Apartments | TX | 77091 | Multifamily | Garden | 1974 | 2017-2019 | 240 | Units | 10,952,830 | 10,932,893 | 9,295,570 | |||
7.03 | Property | 1 | Sterling Crossing Apartments | TX | 77072 | Multifamily | Garden | 1976 | 2018 | 143 | Units | 7,965,695 | 7,951,195 | 6,760,414 | |||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | NY | 10018 | Office | CBD | 1921 | 2012 | 269,233 | SF | 364.00 | 30,000,000 | 30,000,000 | 30,000,000 | 6.03000% |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | FL | 33602 | Office | CBD | 1985 | 2022 | 389,624 | SF | 187.36 | 30,000,000 | 30,000,000 | 30,000,000 | 5.72000% |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | PA | 18702 | Industrial | Warehouse | 1990 | NAP | 822,771 | SF | 72.92 | 27,500,000 | 27,500,000 | 27,500,000 | 6.17000% |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | MI | 48323 | Office | Medical | 2004 | NAP | 135,459 | SF | 199.32 | 27,000,000 | 27,000,000 | 27,000,000 | 5.99000% |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | Various | Various | Various | Various | Various | Various | 303,494 | SF | 80.73 | 24,500,000 | 24,500,000 | 24,500,000 | 5.93000% |
12.01 | Property | 1 | Chandler Tech Center | AZ | 85226 | Industrial | Flex | 1999 | 2022 | 241,660 | SF | 21,679,900 | 21,679,900 | 21,679,900 | |||
12.02 | Property | 1 | Winn Dixie Prairieville | LA | 70769 | Retail | Single Tenant | 1998 | NAP | 61,834 | SF | 2,820,100 | 2,820,100 | 2,820,100 | |||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | NJ | 07430 | Retail | Single Tenant | 1995 | NAP | 110,249 | SF | 208.62 | 23,000,000 | 23,000,000 | 23,000,000 | 5.01500% |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | IL | 60616 | Mixed Use | Multifamily/Retail | 1910, 1951 | 2016 | 68 | Units | 331,176.47 | 22,520,000 | 22,520,000 | 22,520,000 | 5.92000% |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | AZ | 85008 | Hospitality | Various | Various | NAP | 247 | Rooms | 90,283.40 | 22,300,000 | 22,300,000 | 22,300,000 | 5.59000% |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | AZ | 85008 | Hospitality | Extended Stay | 2020 | NAP | 119 | Rooms | 13,000,000 | 13,000,000 | 13,000,000 | |||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | AZ | 85008 | Hospitality | Limited Service | 2019 | NAP | 128 | Rooms | 9,300,000 | 9,300,000 | 9,300,000 | |||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | CA | 90631 | Retail | Anchored | 1968-2002 | 2005-2019 | 372,476 | SF | 255.05 | 20,000,000 | 20,000,000 | 20,000,000 | 3.70000% |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | Various | Various | Industrial | Various | Various | Various | 1,205,173 | SF | 49.70 | 20,000,000 | 20,000,000 | 20,000,000 | 5.51000% |
17.01 | Property | 1 | Evergreen | MI | 48228 | Industrial | Cold Storage | 1965 | 2005, 2007, 2019 | 303,383 | SF | 4,570,952 | 4,570,952 | 4,570,952 | |||
17.02 | Property | 1 | Empire A&B | KY | 41042 | Industrial | Warehouse/Distribution | 1967 | 1976 | 326,569 | SF | 4,200,334 | 4,200,334 | 4,200,334 | |||
17.03 | Property | 1 | Lone Oak | MN | 55121 | Industrial | Flex | 1989 | 2019 | 113,184 | SF | 3,051,753 | 3,051,753 | 3,051,753 | |||
17.04 | Property | 1 | Mound | MI | 48091 | Industrial | Manufacturing | 1952-1954 | 2013 | 86,422 | SF | 1,656,093 | 1,656,093 | 1,656,093 | |||
17.05 | Property | 1 | Rochester | MI | 48309 | Industrial | Manufacturing | 1982, 1986, 1996 | 2004, 2010 | 68,902 | SF | 1,542,571 | 1,542,571 | 1,542,571 | |||
17.06 | Property | 1 | Schoolcraft | MI | 48170 | Industrial | Manufacturing/Warehouse/Distribution | 1999 | 2021 | 68,596 | SF | 1,282,137 | 1,282,137 | 1,282,137 | |||
17.07 | Property | 1 | Wayne | MI | 48150 | Industrial | Warehouse/Distribution | 1987 | NAP | 55,820 | SF | 1,075,125 | 1,075,125 | 1,075,125 | |||
17.08 | Property | 1 | Jeffries | MI | 48150 | Industrial | Warehouse/Distribution | 1976 | 2016, 2021-2022 | 55,547 | SF | 1,048,414 | 1,048,414 | 1,048,414 | |||
17.09 | Property | 1 | Eckels | MI | 48170 | Industrial | Warehouse/Distribution | 1989 | NAP | 42,300 | SF | 851,419 | 851,419 | 851,419 | |||
17.10 | Property | 1 | Martel | AR | 72206 | Industrial | Warehouse/Distribution | 1977 | 2001 | 84,450 | SF | 721,202 | 721,202 | 721,202 | |||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | MD | 21911 | Retail | Anchored | 1998 | 2008 | 146,853 | SF | 120.87 | 17,750,000 | 17,750,000 | 17,750,000 | 6.04000% |
19 | Loan | 19 | 1 | Icon One Daytona | FL | 32114 | Multifamily | Garden | 2019 | NAP | 282 | Units | 177,304.96 | 15,000,000 | 15,000,000 | 15,000,000 | 3.77000% |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | MI | 49444 | Retail | Anchored | 1995 | 2019 | 349,332 | SF | 61.56 | 12,000,000 | 11,848,574 | 10,904,861 | 4.08000% |
21 | Loan | 10 | 1 | Union and Chapin Industrial | CA | 90640 | Industrial | Manufacturing | 1956, 1960 | NAP | 241,584 | SF | 46.57 | 11,250,000 | 11,250,000 | 8,163,908 | 5.26100% |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | NJ | 07733 | Office | Suburban | 1962, 1964, 1982 | 2017 | 1,371,470 | SF | 153.12 | 10,000,000 | 10,000,000 | 10,000,000 | 5.11000% |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | NJ | 07030 | Office | CBD | 2002 | NAP | 557,719 | SF | 138.96 | 10,000,000 | 10,000,000 | 10,000,000 | 3.28000% |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | FL | 34236 | Hospitality | Full Service | 2018 | NAP | 162 | Rooms | 354,938.27 | 10,000,000 | 10,000,000 | 8,842,115 | 5.90000% |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | NY | 11779 | Office | Suburban | 2003 | NAP | 151,730 | SF | 197.72 | 10,000,000 | 10,000,000 | 10,000,000 | 5.63000% |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | VA | 23059 | Hospitality | Limited Service | 2006 | 2019 | 99 | Rooms | 99,909.95 | 9,900,000 | 9,891,085 | 8,522,235 | 6.52000% |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | VA | 23434 | Self Storage | Self Storage | 2015 | 2019 | 99,559 | SF | 95.42 | 9,500,000 | 9,500,000 | 9,500,000 | 3.60000% |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | Various | Various | Industrial | Warehouse/Distribution | Various | Various | 211,805 | SF | 42.63 | 9,030,000 | 9,030,000 | 9,030,000 | 5.52000% |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | IL | 60638 | Industrial | Warehouse/Distribution | 1959 | 2008 | 132,048 | SF | 5,773,450 | 5,773,450 | 5,773,450 | |||
28.02 | Property | 1 | 11825 Olive Street | NE | 68128 | Industrial | Warehouse/Distribution | 2017 | NAP | 28,155 | SF | 1,437,482 | 1,437,482 | 1,437,482 | |||
28.03 | Property | 1 | 201 Tower Plaza | IL | 62220 | Industrial | Warehouse/Distribution | 2009 | NAP | 26,689 | SF | 967,033 | 967,033 | 967,033 | |||
28.04 | Property | 1 | 318 N 25th St | MI | 48601 | Industrial | Warehouse/Distribution | 1975 | 2000 | 15,425 | SF | 433,858 | 433,858 | 433,858 | |||
28.05 | Property | 1 | 1201 Pontiac Court | PA | 15632 | Industrial | Warehouse/Distribution | 2012 | NAP | 9,488 | SF | 418,177 | 418,177 | 418,177 | |||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | FL | 33172 | Office | Suburban | 1974 | 2019 | 49,195 | SF | 160.59 | 7,900,000 | 7,900,000 | 6,959,812 | 4.78000% |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | Various | Various | Hospitality | Various | Various | Various | 724 | Rooms | 87,016.57 | 7,250,000 | 7,250,000 | 6,677,396 | 6.06100% |
30.01 | Property | 1 | Fairfield Inn Orange Beach | AL | 36561 | Hospitality | Limited Service | 2008 | 2022 | 116 | Rooms | 1,454,028 | 1,454,028 | 1,339,189 | |||
30.02 | Property | 1 | Beachside Gulf Shores | AL | 36542 | Hospitality | Limited Service | 1985 | 2022 | 97 | Rooms | 1,290,845 | 1,290,845 | 1,188,895 | |||
30.03 | Property | 1 | Home2Suites Mobile | AL | 36619 | Hospitality | Extended Stay | 2019 | NAP | 97 | Rooms | 1,038,476 | 1,038,476 | 956,458 | |||
30.04 | Property | 1 | Home2Suites Daphne | AL | 36527 | Hospitality | Extended Stay | 2021 | NAP | 89 | Rooms | 933,984 | 933,984 | 860,218 | |||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | AL | 36542 | Hospitality | Extended Stay | 2009 | 2020-2021 | 88 | Rooms | 885,306 | 885,306 | 815,384 | |||
30.06 | Property | 1 | Gulf Shores Motel 6 | AL | 36542 | Hospitality | Limited Service | 2003 | 2018 | 60 | Rooms | 513,369 | 513,369 | 472,823 | |||
30.07 | Property | 1 | Red Roof Pensacola | FL | 32526 | Hospitality | Limited Service | 1996 | NAP | 74 | Rooms | 460,893 | 460,893 | 424,492 | |||
30.08 | Property | 1 | Quality Inn Gulf Shores | AL | 36542 | Hospitality | Limited Service | 2000 | 2019 | 54 | Rooms | 352,833 | 352,833 | 324,967 | |||
30.09 | Property | 1 | Red Roof Gulf Shores | AL | 36542 | Hospitality | Limited Service | 1996 | 2018 | 49 | Rooms | 320,266 | 320,266 | 294,971 | |||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | TX | Various | Self Storage | Self Storage | Various | NAP | 97,954 | SF | 71.97 | 7,050,000 | 7,050,000 | 7,050,000 | 6.05000% |
31.01 | Property | 1 | Copperas Cove | TX | 76522 | Self Storage | Self Storage | 1986, 2004, 2008 | NAP | 37,879 | SF | 2,831,799 | 2,831,799 | 2,831,799 | |||
31.02 | Property | 1 | Killeen | TX | 76543 | Self Storage | Self Storage | 2006 | NAP | 28,850 | SF | 2,300,837 | 2,300,837 | 2,300,837 | |||
31.03 | Property | 1 | Morgan's Point | TX | 76513 | Self Storage | Self Storage | 2005 | NAP | 18,275 | SF | 1,165,167 | 1,165,167 | 1,165,167 | |||
31.04 | Property | 1 | Temple | TX | 76502 | Self Storage | Self Storage | 1986 | NAP | 12,950 | SF | 752,197 | 752,197 | 752,197 | |||
32 | Loan | 1 | Bella Vista Village | AZ | 85143 | Retail | Unanchored | 2004 | NAP | 33,271 | SF | 195.37 | 6,500,000 | 6,500,000 | 6,500,000 | 5.64000% | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | MI | 49106 | Multifamily | Garden | 1970 | NAP | 122 | Units | 52,049.18 | 6,350,000 | 6,350,000 | 5,594,035 | 5.74000% |
33.01 | Property | 1 | Sunset Landing | MI | 49106 | Multifamily | Garden | 1970 | NAP | 58 | Units | 3,018,852 | 3,018,852 | 2,659,460 | |||
33.02 | Property | 1 | Sunset Dunes | MI | 49106 | Multifamily | Garden | 1970 | NAP | 48 | Units | 2,498,361 | 2,498,361 | 2,200,932 | |||
33.03 | Property | 1 | Sunset Estates | MI | 49106 | Multifamily | Garden | 1970 | NAP | 16 | Units | 832,787 | 832,787 | 733,644 | |||
34 | Loan | 1 | 1 | Warwick Self Storage | VA | 23608 | Self Storage | Self Storage | 1985 | 2017 | 76,482 | SF | 80.74 | 6,175,000 | 6,175,000 | 6,175,000 | 3.51000% |
A-1-3 |
BMO 2022-C3 - Annex A
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 ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | TN | Various | Manufactured Housing | Manufactured Housing | 1970 | NAP | 180 | Pads | 32,189.56 | 5,800,000 | 5,794,120 | 4,905,166 | 5.90500% |
35.01 | Property | 1 | Island Estates I | TN | 37863 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 47 | Pads | 1,933,333 | 1,931,373 | 1,635,055 | |||
35.02 | Property | 1 | Cove Lake South | TN | 37714 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 63 | Pads | 1,678,947 | 1,677,245 | 1,419,917 | |||
35.03 | Property | 1 | Midtown Estates | TN | 37748 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 30 | Pads | 915,789 | 914,861 | 774,500 | |||
35.04 | Property | 1 | Island Estates II | TN | 37862 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 18 | Pads | 661,404 | 660,733 | 559,361 | |||
35.05 | Property | 1 | Cove Lake North | TN | 37714 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 22 | Pads | 610,526 | 609,907 | 516,333 | |||
36 | Loan | 1 | Super Mini Storage | CA | 95823 | Self Storage | Self Storage | 1986 | NAP | 92,070 | SF | 59.74 | 5,500,000 | 5,500,000 | 5,500,000 | 5.19000% | |
37 | Loan | 10 | 1 | Village at Rankin | NC | 27405 | Multifamily | Garden | 1988 | NAP | 130 | Units | 42,307.69 | 5,500,000 | 5,500,000 | 4,731,179 | 3.78000% |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NM | 88101 | Retail | Single Tenant | 1984 | NAP | 43,484 | SF | 126.48 | 5,500,000 | 5,500,000 | 5,500,000 | 5.25000% |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | IL | 60525 | Multifamily | Age Restricted | 2006 | 2019 | 30 | Units | 181,666.67 | 5,450,000 | 5,450,000 | 5,450,000 | 3.90000% |
40 | Loan | 1 | Crowley Village | LA | 70526 | Retail | Anchored | 1979 | NAP | 107,157 | SF | 48.39 | 5,185,000 | 5,185,000 | 4,560,576 | 5.67000% | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | IL | 60625 | Multifamily | Various | Various | Various | 35 | Units | 146,142.86 | 5,115,000 | 5,115,000 | 5,115,000 | 5.48000% |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | IL | 60625 | Multifamily | Garden | 1929 | 2008, 2022 | 13 | Units | 1,979,018 | 1,979,018 | 1,979,018 | |||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | IL | 60645 | Multifamily | Mid Rise | 1925 | 2008, 2021 | 11 | Units | 1,644,107 | 1,644,107 | 1,644,107 | |||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | IL | 60625 | Multifamily | Garden | 1965 | 2021 | 11 | Units | 1,491,875 | 1,491,875 | 1,491,875 | |||
42 | Loan | 4, 16 | 1 | Denton Multifamily | TX | 76209 | Multifamily | Garden | 2020, 2021 | NAP | 28 | Units | 171,071.43 | 4,790,000 | 4,790,000 | 4,790,000 | 4.25000% |
43 | Loan | 16 | 1 | Scotland Court Industrial | AZ | 85142 | Industrial | Flex | 2021 | NAP | 33,244 | SF | 123.33 | 4,100,000 | 4,100,000 | 3,816,328 | 5.62000% |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NY | 11231 | Mixed Use | Multifamily/Retail | 1931 | 2022 | 4 | Units | 875,000.00 | 3,500,000 | 3,500,000 | 3,500,000 | 6.60000% |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NC | 28206 | Multifamily | Townhomes | 1977 | NAP | 49 | Units | 66,349.50 | 3,300,000 | 3,251,125 | 3,009,867 | 4.30000% |
46 | Loan | 10 | 1 | Valley Paradise | CA | 91406 | Multifamily | Garden | 1963 | NAP | 30 | Units | 104,833.33 | 3,145,000 | 3,145,000 | 3,145,000 | 3.90300% |
47 | Loan | 10 | 1 | Harbor View Apartments | FL | 32207 | Multifamily | Garden | 1938 | 2019 | 17 | Units | 158,847.45 | 2,760,000 | 2,700,407 | 2,215,893 | 4.30000% |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | PA | 19103 | Mixed Use | Multifamily/Retail | 1840 | 2021 | 8 | Units | 337,500.00 | 2,700,000 | 2,700,000 | 2,700,000 | 5.95000% |
A-1-4 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) | 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 |
8 | 9 | 9 | 9 | 9 | ||||||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 0.01600% | 4.63400% | NAP | 147,330.73 | NAP | 1,767,968.76 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 8/3/2022 |
2 | Loan | 12 | 1 | Kingston Square Apartments | 0.01600% | 5.80400% | NAP | 181,942.36 | NAP | 2,183,308.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/25/2022 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 0.01600% | 3.02400% | NAP | 95,035.19 | NAP | 1,140,422.28 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 5/12/2022 |
3.01 | Property | 1 | Yorkshire Towers | |||||||||||||||||
3.02 | Property | 1 | Lexington Towers | |||||||||||||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 0.01600% | 6.10100% | NAP | 191,227.05 | NAP | 2,294,724.60 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 9/8/2022 |
4.01 | Property | 1 | Memphis, TN | |||||||||||||||||
4.02 | Property | 1 | Wetumpka, AL | |||||||||||||||||
4.03 | Property | 1 | Rockford, IL | |||||||||||||||||
4.04 | Property | 1 | Iowa City, IA | |||||||||||||||||
4.05 | Property | 1 | Versailles, KY | |||||||||||||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 0.01600% | 5.86400% | 216,027.94 | 181,334.03 | 2,592,335.28 | 2,176,008.36 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 59 | 120 | 119 | 360 | 360 | 9/2/2022 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 0.01600% | 6.16400% | 213,910.12 | NAP | 2,566,921.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 9/7/2022 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 0.01600% | 6.00400% | 193,769.92 | NAP | 2,325,239.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 | 7/21/2022 |
7.01 | Property | 1 | Creekside Apartments | |||||||||||||||||
7.02 | Property | 1 | Oak Glen Apartments | |||||||||||||||||
7.03 | Property | 1 | Sterling Crossing Apartments | |||||||||||||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 0.01600% | 6.01400% | NAP | 152,843.75 | NAP | 1,834,125.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/30/2022 |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 0.01600% | 5.70400% | NAP | 144,986.11 | NAP | 1,739,833.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/10/2022 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 0.01600% | 6.15400% | NAP | 143,359.66 | NAP | 1,720,315.92 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 8/2/2022 |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 0.01600% | 5.97400% | NAP | 136,646.88 | NAP | 1,639,762.56 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/31/2022 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 0.01600% | 5.91400% | NAP | 122,752.37 | NAP | 1,473,028.44 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/31/2022 |
12.01 | Property | 1 | Chandler Tech Center | |||||||||||||||||
12.02 | Property | 1 | Winn Dixie Prairieville | |||||||||||||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 0.01600% | 4.99900% | NAP | 97,455.84 | NAP | 1,169,470.08 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 8/5/2022 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 0.01600% | 5.90400% | NAP | 112,641.70 | NAP | 1,351,700.40 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/29/2022 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 0.01600% | 5.57400% | NAP | 105,323.62 | NAP | 1,263,883.44 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/26/2022 |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | |||||||||||||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | |||||||||||||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 0.01600% | 3.68400% | NAP | 62,523.15 | NAP | 750,277.80 | Interest Only | No | Actual/360 | 120 | 110 | 120 | 110 | 0 | 0 | 12/3/2021 |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 0.01600% | 5.49400% | NAP | 93,108.80 | NAP | 1,117,305.60 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/21/2022 |
17.01 | Property | 1 | Evergreen | |||||||||||||||||
17.02 | Property | 1 | Empire A&B | |||||||||||||||||
17.03 | Property | 1 | Lone Oak | |||||||||||||||||
17.04 | Property | 1 | Mound | |||||||||||||||||
17.05 | Property | 1 | Rochester | |||||||||||||||||
17.06 | Property | 1 | Schoolcraft | |||||||||||||||||
17.07 | Property | 1 | Wayne | |||||||||||||||||
17.08 | Property | 1 | Jeffries | |||||||||||||||||
17.09 | Property | 1 | Eckels | |||||||||||||||||
17.10 | Property | 1 | Martel | |||||||||||||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 0.01600% | 6.02400% | NAP | 90,582.52 | NAP | 1,086,990.24 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 9/7/2022 |
19 | Loan | 19 | 1 | Icon One Daytona | 0.01600% | 3.75400% | NAP | 47,779.51 | NAP | 573,354.12 | Interest Only | No | Actual/360 | 120 | 107 | 120 | 107 | 0 | 0 | 8/10/2021 |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 0.01600% | 4.06400% | 57,844.67 | NAP | 694,136.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 51 | 360 | 351 | 12/7/2021 |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 0.05475% | 5.20625% | 75,876.62 | 50,006.90 | 910,519.44 | 600,082.80 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 1 | 120 | 97 | 240 | 240 | 10/30/2020 |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 0.01600% | 5.09400% | NAP | 43,174.77 | NAP | 518,097.24 | Interest Only | No | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 4/8/2022 |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 0.01600% | 3.26400% | NAP | 27,712.96 | NAP | 332,555.52 | Interest Only | No | Actual/360 | 60 | 52 | 60 | 52 | 0 | 0 | 1/21/2022 |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 0.01600% | 5.88400% | 59,313.65 | 49,849.54 | 711,763.80 | 598,194.48 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 22 | 120 | 118 | 360 | 360 | 7/14/2022 |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 0.01600% | 5.61400% | NAP | 47,568.29 | NAP | 570,819.48 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/29/2022 |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 0.01600% | 6.50400% | 62,705.01 | NAP | 752,460.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 8/29/2022 |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | 0.08475% | 3.51525% | NAP | 28,895.83 | NAP | 346,749.96 | Interest Only | No | Actual/360 | 120 | 108 | 120 | 108 | 0 | 0 | 9/28/2021 |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | 0.09475% | 5.42525% | NAP | 42,114.92 | NAP | 505,379.04 | Interest Only | No | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 | 6/3/2022 |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | |||||||||||||||||
28.02 | Property | 1 | 11825 Olive Street | |||||||||||||||||
28.03 | Property | 1 | 201 Tower Plaza | |||||||||||||||||
28.04 | Property | 1 | 318 N 25th St | |||||||||||||||||
28.05 | Property | 1 | 1201 Pontiac Court | |||||||||||||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 0.09475% | 4.68525% | 41,353.11 | 31,905.39 | 496,237.32 | 382,864.68 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 30 | 120 | 114 | 360 | 360 | 3/31/2022 |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 0.01600% | 6.04500% | 43,752.15 | 37,127.13 | 525,025.80 | 445,525.56 | Interest Only, Amortizing Balloon | No | Actual/360 | 48 | 47 | 120 | 119 | 360 | 360 | 8/4/2022 |
30.01 | Property | 1 | Fairfield Inn Orange Beach | |||||||||||||||||
30.02 | Property | 1 | Beachside Gulf Shores | |||||||||||||||||
30.03 | Property | 1 | Home2Suites Mobile | |||||||||||||||||
30.04 | Property | 1 | Home2Suites Daphne | |||||||||||||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | |||||||||||||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | |||||||||||||||||
30.07 | Property | 1 | Red Roof Pensacola | |||||||||||||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | |||||||||||||||||
30.09 | Property | 1 | Red Roof Gulf Shores | |||||||||||||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 0.01600% | 6.03400% | NAP | 36,037.41 | NAP | 432,448.92 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 6/9/2022 |
31.01 | Property | 1 | Copperas Cove | |||||||||||||||||
31.02 | Property | 1 | Killeen | |||||||||||||||||
31.03 | Property | 1 | Morgan's Point | |||||||||||||||||
31.04 | Property | 1 | Temple | |||||||||||||||||
32 | Loan | 1 | Bella Vista Village | 0.01600% | 5.62400% | NAP | 30,974.31 | NAP | 371,691.72 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 6/29/2022 | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 0.09475% | 5.64525% | 37,016.55 | 30,796.03 | 444,198.60 | 369,552.36 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 22 | 120 | 118 | 360 | 360 | 7/15/2022 |
33.01 | Property | 1 | Sunset Landing | |||||||||||||||||
33.02 | Property | 1 | Sunset Dunes | |||||||||||||||||
33.03 | Property | 1 | Sunset Estates | |||||||||||||||||
34 | Loan | 1 | 1 | Warwick Self Storage | 0.08475% | 3.42525% | NAP | 18,312.73 | NAP | 219,752.76 | Interest Only | No | Actual/360 | 120 | 108 | 120 | 108 | 0 | 0 | 9/28/2021 |
A-1-5 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) | 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 |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 0.01600% | 5.88900% | 34,420.48 | NAP | 413,045.76 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 8/19/2022 |
35.01 | Property | 1 | Island Estates I | |||||||||||||||||
35.02 | Property | 1 | Cove Lake South | |||||||||||||||||
35.03 | Property | 1 | Midtown Estates | |||||||||||||||||
35.04 | Property | 1 | Island Estates II | |||||||||||||||||
35.05 | Property | 1 | Cove Lake North | |||||||||||||||||
36 | Loan | 1 | Super Mini Storage | 0.09475% | 5.09525% | NAP | 24,117.88 | NAP | 289,414.56 | Interest Only | No | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 4/20/2022 | |
37 | Loan | 10 | 1 | Village at Rankin | 0.08475% | 3.69525% | 25,565.08 | 17,565.63 | 306,780.96 | 210,787.56 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 23 | 120 | 107 | 360 | 360 | 8/24/2021 |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | 0.01600% | 5.23400% | NAP | 24,396.70 | NAP | 292,760.40 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/14/2022 |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 0.08475% | 3.81525% | NAP | 17,958.51 | NAP | 215,502.12 | Interest Only | No | Actual/360 | 120 | 89 | 120 | 89 | 0 | 0 | 2/5/2020 |
40 | Loan | 1 | Crowley Village | 0.09475% | 5.57525% | 29,995.26 | 24,839.39 | 359,943.12 | 298,072.68 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 21 | 120 | 117 | 360 | 360 | 6/10/2022 | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 0.09475% | 5.38525% | NAP | 23,682.92 | NAP | 284,195.04 | Interest Only | No | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 5/5/2022 |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | |||||||||||||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | |||||||||||||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | |||||||||||||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | 0.09475% | 4.15525% | NAP | 17,200.20 | NAP | 206,402.40 | Interest Only | No | Actual/360 | 120 | 112 | 120 | 112 | 0 | 0 | 1/31/2022 |
43 | Loan | 16 | 1 | Scotland Court Industrial | 0.09475% | 5.52525% | 23,588.97 | 19,468.36 | 283,067.64 | 233,620.32 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 57 | 120 | 117 | 360 | 360 | 6/10/2022 |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 0.01600% | 6.58400% | NAP | 19,517.36 | NAP | 234,208.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/23/2022 |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 0.11475% | 4.18525% | 16,330.76 | NAP | 195,969.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 49 | 360 | 349 | 10/8/2021 |
46 | Loan | 10 | 1 | Valley Paradise | 0.13475% | 3.76825% | NAP | 10,371.18 | NAP | 124,454.16 | Interest Only | No | Actual/360 | 120 | 109 | 120 | 109 | 0 | 0 | 10/25/2021 |
47 | Loan | 10 | 1 | Harbor View Apartments | 0.13475% | 4.16525% | 13,658.45 | NAP | 163,901.40 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 104 | 360 | 344 | 5/20/2021 |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | 0.01600% | 5.93400% | NAP | 13,573.44 | NAP | 162,881.28 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 8/2/2022 |
A-1-6 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) |
10 | 12 | 31 | ||||||||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 2 | 6 | 9/6/2022 | NAP | 8/6/2027 | 8/6/2027 | 0 | 0 | L(26),D(29),O(5) | 25,035,638 | 9,544,221 | 15,491,417 | 5/31/2022 | T-12 | 22,682,409 | 9,325,401 |
2 | Loan | 12 | 1 | Kingston Square Apartments | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(91),O(4) | 6,276,231 | 1,842,797 | 4,433,434 | 7/31/2022 | T-12 | 5,912,240 | 1,705,446 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 4 | 6 | 7/6/2022 | NAP | 6/6/2027 | 6/6/2027 | 0 | 0 | L(28),D(27),O(5) | 40,995,144 | 15,672,705 | 25,322,439 | 2/28/2022 | T-12 | 39,766,160 | 15,511,878 |
3.01 | Property | 1 | Yorkshire Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
3.02 | Property | 1 | Lexington Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | 10/6/2032 | 0 | 0 | L(24),D(90),O(6) | 5,417,815 | 3,797,836 | 1,619,979 | 4/30/2022 | Various | NAV | NAV |
4.01 | Property | 1 | Memphis, TN | 1,222,761 | 1,009,286 | 213,475 | 4/30/2022 | T-12 | NAV | NAV | ||||||||||
4.02 | Property | 1 | Wetumpka, AL | 349,160 | 389,503 | (40,343) | 4/30/2022 | T-12 | NAV | NAV | ||||||||||
4.03 | Property | 1 | Rockford, IL | 1,661,228 | 731,827 | 929,401 | 4/30/2022 | T-12 | NAV | NAV | ||||||||||
4.04 | Property | 1 | Iowa City, IA | 12,082 | 608,153 | (596,071) | 4/30/2022 | T-10 Ann | NAV | NAV | ||||||||||
4.05 | Property | 1 | Versailles, KY | 2,172,584 | 1,059,067 | 1,113,517 | 4/30/2022 | T-12 | NAV | NAV | ||||||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 1 | 6 | 10/6/2022 | 10/6/2027 | 9/6/2032 | 9/6/2032 | 10 | 0 | L(25),D(91),O(4) | 5,492,816 | 2,283,943 | 3,208,873 | 6/30/2022 | T-12 | 5,089,430 | 2,182,936 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 1 | 6 | 10/6/2022 | 10/6/2022 | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(91),O(4) | 3,570,690 | 833,380 | 2,737,310 | 6/30/2022 | T-12 | 3,728,485 | 874,289 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 2 | 6 | 9/6/2022 | 9/6/2022 | 8/6/2032 | 8/6/2032 | 0 | 0 | L(24),YM1(92),O(4) | 5,392,645 | 2,257,594 | 3,135,051 | 5/31/2022 | T-12 | 5,303,631 | 2,224,374 |
7.01 | Property | 1 | Creekside Apartments | 2,188,849 | 949,198 | 1,239,651 | 5/31/2022 | T-12 | 2,154,489 | 931,591 | ||||||||||
7.02 | Property | 1 | Oak Glen Apartments | 1,853,984 | 769,252 | 1,084,731 | 5/31/2022 | T-12 | 1,837,630 | 747,960 | ||||||||||
7.03 | Property | 1 | Sterling Crossing Apartments | 1,349,812 | 539,144 | 810,669 | 5/31/2022 | T-12 | 1,311,512 | 544,822 | ||||||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(89),O(6) | 14,779,272 | 5,718,487 | 9,060,785 | 5/31/2022 | T-12 | 14,866,548 | 6,078,021 |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(89),O(6) | 10,302,119 | 4,692,397 | 5,609,722 | 6/30/2022 | T-12 | 9,539,855 | 4,371,197 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | 8/6/2032 | 0 | 0 | L(26),D(90),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(91),O(4) | 4,074,444 | 1,169,771 | 2,904,673 | 6/30/2022 | T-12 | 4,083,222 | 1,257,697 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(91),O(4) | 3,683,987 | 1,242,973 | 2,441,014 | 6/30/2022 | T-12 | 3,287,682 | 1,205,463 |
12.01 | Property | 1 | Chandler Tech Center | 3,170,539 | 1,157,404 | 2,013,136 | 6/30/2022 | T-12 | 2,856,795 | 1,107,325 | ||||||||||
12.02 | Property | 1 | Winn Dixie Prairieville | 513,448 | 85,569 | 427,879 | 6/30/2022 | T-12 | 430,887 | 98,138 | ||||||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | 8/6/2032 | 0 | 0 | L(26),D(90),O(4) | 2,772,853 | 0 | 2,772,853 | 3/31/2022 | T-12 | 2,772,853 | 0 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | 8/6/2032 | 0 | 0 | L(26),D(90),O(4) | 2,861,237 | 864,341 | 1,996,896 | 4/30/2022 | T-12 | 2,815,620 | 874,938 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(91),O(4) | 8,776,176 | 4,956,155 | 3,820,021 | 6/30/2022 | T-12 | 5,652,592 | 3,615,787 |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | 4,466,396 | 2,236,278 | 2,230,118 | 6/30/2022 | T-12 | 2,975,948 | 1,644,627 | ||||||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | 4,309,780 | 2,719,877 | 1,589,903 | 6/30/2022 | T-12 | 2,676,644 | 1,971,159 | ||||||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 10 | 5 | 1/5/2022 | NAP | 12/5/2031 | 12/5/2031 | 0 | 0 | L(35),D(81),O(4) | 11,993,438 | 2,627,096 | 9,366,342 | 7/31/2022 | T-12 | 10,564,292 | 2,749,929 |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 2 | 5 | 9/5/2022 | NAP | 8/5/2032 | 8/5/2032 | 0 | 0 | L(26),D(90),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
17.01 | Property | 1 | Evergreen | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.02 | Property | 1 | Empire A&B | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.03 | Property | 1 | Lone Oak | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.04 | Property | 1 | Mound | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.05 | Property | 1 | Rochester | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.06 | Property | 1 | Schoolcraft | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.07 | Property | 1 | Wayne | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.08 | Property | 1 | Jeffries | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.09 | Property | 1 | Eckels | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
17.10 | Property | 1 | Martel | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | 10/6/2032 | 0 | 0 | L(24),D(91),O(5) | 2,267,099 | 612,308 | 1,654,791 | 7/31/2022 | T-12 | 2,240,331 | 619,595 |
19 | Loan | 19 | 1 | Icon One Daytona | 13 | 5 | 10/5/2021 | NAP | 9/5/2031 | 9/5/2031 | 0 | 0 | L(35),D(82),O(3) | 5,301,820 | 1,660,854 | 3,640,966 | 6/30/2022 | T-12 | 1,677,523 | 954,680 |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 9 | 5 | 2/5/2022 | 2/5/2022 | 1/5/2027 | 1/5/2027 | 0 | 0 | L(33),YM1(23),O(4) | 3,984,612 | 1,552,794 | 2,431,818 | 10/31/2021 | T-12 | 3,628,117 | 1,432,734 |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 23 | 1 | 12/1/2020 | 12/1/2022 | 11/1/2030 | 11/1/2030 | 9 | 10 | L(47),YM1(69),O(4) | 1,330,253 | 0 | 1,330,253 | 4/30/2022 | T-4 Ann | 1,318,387 | 0 |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 5 | 6 | 6/6/2022 | NAP | 5/6/2032 | 5/6/2032 | 0 | 0 | L(29),D(88),O(3) | 31,757,320 | 16,577,630 | 15,179,689 | 2/28/2022 | T-12 | 31,681,421 | 15,894,296 |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 8 | 6 | 3/6/2022 | NAP | 2/6/2027 | 2/6/2027 | 0 | 0 | L(32),D(23),O(5) | 18,437,368 | 8,508,847 | 9,928,521 | 10/31/2021 | T-12 | 18,375,164 | 8,607,905 |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 2 | 5 | 9/5/2022 | 9/5/2024 | 8/5/2032 | 8/5/2032 | 0 | 0 | L(26),D(91),O(3) | 18,952,612 | 12,354,396 | 6,598,216 | 5/31/2022 | T-12 | 15,330,961 | 10,897,182 |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | 8/6/2032 | 0 | 0 | L(26),DorYM1(89),O(5) | 3,617,377 | 1,027,361 | 2,590,016 | 5/31/2022 | T-12 | 3,617,259 | 1,174,090 |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 1 | 5 | 10/5/2022 | 10/5/2022 | 9/5/2032 | 9/5/2032 | 0 | 0 | L(25),D(91),O(4) | 3,302,803 | 1,797,030 | 1,505,774 | 6/30/2022 | T-12 | 2,788,592 | 1,598,254 |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | 12 | 6 | 11/6/2021 | NAP | 10/6/2031 | 10/6/2031 | 0 | 0 | L(35),YM2(81),O(4) | 1,335,969 | 386,446 | 949,524 | 6/30/2022 | T-12 | 1,268,005 | 379,000 |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | 4 | 6 | 7/6/2022 | NAP | 6/6/2032 | 6/6/2032 | 0 | 0 | L(28),D(88),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
28.02 | Property | 1 | 11825 Olive Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
28.03 | Property | 1 | 201 Tower Plaza | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
28.04 | Property | 1 | 318 N 25th St | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
28.05 | Property | 1 | 1201 Pontiac Court | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 6 | 6 | 5/6/2022 | 5/6/2025 | 4/6/2032 | 4/6/2032 | 0 | 0 | L(35),YM1(81),O(4) | 1,228,705 | 345,573 | 883,132 | 6/30/2022 | T-12 | 1,179,560 | 340,533 |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 1 | 1 | 10/1/2022 | 10/1/2026 | 9/1/2032 | 9/1/2032 | 0 | 0 | L(25),DorYM1(91),O(4) | 24,477,500 | 14,961,826 | 9,515,674 | 5/31/2022 | T-12 | 24,582,215 | 14,078,591 |
30.01 | Property | 1 | Fairfield Inn Orange Beach | 4,874,305 | 2,924,253 | 1,950,052 | 5/31/2022 | T-12 | 5,263,985 | 2,919,934 | ||||||||||
30.02 | Property | 1 | Beachside Gulf Shores | 3,580,574 | 1,979,765 | 1,600,809 | 5/31/2022 | T-12 | 3,923,394 | 2,024,061 | ||||||||||
30.03 | Property | 1 | Home2Suites Mobile | 3,420,493 | 2,008,454 | 1,412,039 | 5/31/2022 | T-12 | 3,125,325 | 1,846,002 | ||||||||||
30.04 | Property | 1 | Home2Suites Daphne | 3,113,680 | 2,016,799 | 1,096,881 | 5/31/2022 | T-12 | 2,043,823 | 1,354,507 | ||||||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | 3,312,554 | 2,383,699 | 928,855 | 5/31/2022 | T-12 | 3,113,572 | 2,147,425 | ||||||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | 1,727,803 | 979,426 | 748,377 | 5/31/2022 | T-12 | 1,956,116 | 1,027,539 | ||||||||||
30.07 | Property | 1 | Red Roof Pensacola | 1,638,541 | 786,888 | 851,653 | 5/31/2022 | T-12 | 1,869,936 | 776,536 | ||||||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | 1,472,805 | 983,520 | 489,285 | 5/31/2022 | T-12 | 1,837,772 | 1,097,820 | ||||||||||
30.09 | Property | 1 | Red Roof Gulf Shores | 1,336,745 | 899,022 | 437,723 | 5/31/2022 | T-12 | 1,448,293 | 884,767 | ||||||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 3 | 5 | 8/5/2022 | NAP | 7/5/2032 | 7/5/2032 | 0 | 0 | L(27),D(90),O(3) | 1,008,030 | 399,942 | 608,088 | 12/31/2021 | T-12 | 962,940 | 354,599 |
31.01 | Property | 1 | Copperas Cove | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
31.02 | Property | 1 | Killeen | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
31.03 | Property | 1 | Morgan's Point | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
31.04 | Property | 1 | Temple | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
32 | Loan | 1 | Bella Vista Village | 3 | 6 | 8/6/2022 | NAP | 7/6/2032 | 7/6/2032 | 0 | 0 | L(27),D(89),O(4) | 1,032,430 | 301,815 | 730,616 | 5/31/2022 | T-12 | 994,659 | 291,977 | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 2 | 6 | 9/6/2022 | 9/6/2024 | 8/6/2032 | 8/6/2032 | 0 | 0 | L(26),D(90),O(4) | 1,015,439 | 421,328 | 594,111 | 5/31/2022 | T-12 | 896,222 | 377,695 |
33.01 | Property | 1 | Sunset Landing | 438,508 | 213,985 | 224,523 | 5/31/2022 | T-12 | 401,890 | 196,314 | ||||||||||
33.02 | Property | 1 | Sunset Dunes | 417,508 | 148,918 | 268,591 | 5/31/2022 | T-12 | 338,296 | 130,787 | ||||||||||
33.03 | Property | 1 | Sunset Estates | 159,423 | 58,426 | 100,997 | 5/31/2022 | T-12 | 156,036 | 50,594 | ||||||||||
34 | Loan | 1 | 1 | Warwick Self Storage | 12 | 6 | 11/6/2021 | NAP | 10/6/2031 | 10/6/2031 | 0 | 0 | L(35),YM2(81),O(4) | 1,011,552 | 361,483 | 650,068 | 6/30/2022 | T-12 | 968,848 | 348,069 |
A-1-7 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 1 | 6 | 10/6/2022 | 10/6/2022 | 9/6/2032 | 9/6/2032 | 0 | 0 | L(25),D(91),O(4) | 792,004 | 148,880 | 643,124 | 5/31/2022 | T-12 | 827,788 | 153,792 |
35.01 | Property | 1 | Island Estates I | 231,420 | 31,289 | 200,131 | 5/31/2022 | T-12 | 238,213 | 29,196 | ||||||||||
35.02 | Property | 1 | Cove Lake South | 230,657 | 75,308 | 155,349 | 5/31/2022 | T-12 | 239,832 | 69,591 | ||||||||||
35.03 | Property | 1 | Midtown Estates | 139,178 | 19,301 | 119,877 | 5/31/2022 | T-12 | 142,259 | 22,622 | ||||||||||
35.04 | Property | 1 | Island Estates II | 107,693 | 12,565 | 95,128 | 5/31/2022 | T-12 | 114,411 | 23,148 | ||||||||||
35.05 | Property | 1 | Cove Lake North | 83,056 | 10,418 | 72,638 | 5/31/2022 | T-12 | 93,073 | 9,234 | ||||||||||
36 | Loan | 1 | Super Mini Storage | 5 | 6 | 6/6/2022 | NAP | 5/6/2032 | 5/6/2032 | 0 | 0 | L(29),D(87),O(4) | 1,155,919 | 438,652 | 717,267 | 6/30/2022 | T-12 | 1,024,900 | 421,342 | |
37 | Loan | 10 | 1 | Village at Rankin | 13 | 1 | 10/1/2021 | 10/1/2024 | 9/1/2031 | 9/1/2031 | 9 | 10 | L(35),YM1(81),O(4) | 1,056,240 | 584,531 | 471,709 | 6/30/2022 | T-9 Ann | 939,788 | 452,910 |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | 8/6/2032 | 0 | 0 | L(26),D(89),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 31 | 1 | 4/1/2020 | NAP | 3/1/2030 | 3/1/2030 | 7 | 7 | L(47),D(69),O(4) | 1,092,493 | 546,927 | 545,566 | 6/30/2022 | T-6 Ann | 926,062 | 489,990 |
40 | Loan | 1 | Crowley Village | 3 | 6 | 8/6/2022 | 8/6/2024 | 7/6/2032 | 7/6/2032 | 0 | 0 | L(27),D(89),O(4) | 847,678 | 250,560 | 597,118 | 6/30/2022 | T-12 | 801,391 | 237,743 | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 5 | 6 | 6/6/2022 | NAP | 5/6/2032 | 5/6/2032 | 0 | 0 | L(29),YM1(87),O(4) | 573,430 | 160,276 | 413,154 | 6/30/2022 | T-11 Ann | NAV | NAV |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | 225,511 | 67,045 | 158,467 | 6/30/2022 | T-11 Ann | NAV | NAV | ||||||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | 177,356 | 60,667 | 116,689 | 6/30/2022 | T-11 Ann | NAV | NAV | ||||||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | 170,563 | 32,564 | 137,999 | 6/30/2022 | T-11 Ann | NAV | NAV | ||||||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | 8 | 6 | 3/6/2022 | NAP | 2/6/2032 | 2/6/2032 | 0 | 0 | L(32),YM1(84),O(4) | 650,750 | 179,833 | 470,917 | 6/30/2022 | T-12 | NAV | NAV |
43 | Loan | 16 | 1 | Scotland Court Industrial | 3 | 6 | 8/6/2022 | 8/6/2027 | 7/6/2032 | 7/6/2032 | 0 | 0 | L(27),D(89),O(4) | 340,078 | 55,060 | 285,019 | 6/30/2022 | T-11 | NAV | NAV |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | 9/6/2032 | 5 | 0 | L(23),YM1(93),O(4) | 337,018 | 61,110 | 275,909 | 8/31/2022 | T-3 Ann | NAV | NAV |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 11 | 1 | 12/1/2021 | 12/1/2021 | 11/1/2026 | 11/1/2026 | 9 | 9 | L(35),YM1(21),O(4) | 533,964 | 312,280 | 221,684 | 3/31/2022 | T-12 | 533,420 | 300,164 |
46 | Loan | 10 | 1 | Valley Paradise | 11 | 1 | 12/1/2021 | NAP | 11/1/2031 | 11/1/2031 | 9 | 9 | L(35),YM1(81),O(4) | 512,973 | 198,972 | 314,001 | 3/31/2022 | T-3 Ann | 486,872 | 194,160 |
47 | Loan | 10 | 1 | Harbor View Apartments | 16 | 1 | 7/1/2021 | 7/1/2021 | 6/1/2031 | 6/1/2031 | 9 | 10 | L(40),YM1(76),O(4) | 350,184 | 177,112 | 173,072 | 3/31/2022 | T-3 Ann | 349,724 | 111,335 |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | 8/6/2032 | 5 | 0 | L(23),YM1(93),O(4) | 185,452 | 39,961 | 145,491 | 7/31/2022 | T-12 | NAV | NAV |
A-1-8 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) |
31 | 15 | 7, 14 | ||||||||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 13,357,008 | 12/31/2021 | T-12 | 23,638,812 | 9,046,781 | 14,592,031 | 12/31/2020 | T-12 | 91.3% | 32,787,176 | 9,786,898 | 23,000,278 | 0 | 0 | 23,000,278 | 2.60 |
2 | Loan | 12 | 1 | Kingston Square Apartments | 4,206,794 | 12/31/2021 | T-12 | 4,941,322 | 1,527,179 | 3,414,143 | 12/31/2020 | T-12 | 95.0% | 6,548,668 | 1,853,250 | 4,695,418 | 104,600 | 0 | 4,590,818 | 1.56 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 24,254,281 | 12/31/2021 | T-12 | 40,128,052 | 14,510,102 | 25,617,949 | 12/31/2020 | T-12 | 97.2% | 51,394,888 | 16,019,126 | 35,375,762 | 0 | 0 | 35,375,762 | 3.61 |
3.01 | Property | 1 | Yorkshire Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
3.02 | Property | 1 | Lexington Towers | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 71.9% | 10,984,549 | 3,597,682 | 7,386,867 | 376,030 | 145,391 | 6,865,446 | 1.59 |
4.01 | Property | 1 | Memphis, TN | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 60.0% | 2,688,658 | 1,183,464 | 1,505,194 | 137,497 | 17,633 | 1,350,064 | ||
4.02 | Property | 1 | Wetumpka, AL | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 64.4% | 2,141,147 | 503,778 | 1,637,370 | 73,523 | 16,852 | 1,546,995 | ||
4.03 | Property | 1 | Rockford, IL | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 63.2% | 1,392,274 | 556,684 | 835,591 | 51,757 | 21,771 | 762,062 | ||
4.04 | Property | 1 | Iowa City, IA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 93.0% | 1,797,476 | 499,105 | 1,298,372 | 34,149 | 49,007 | 1,215,216 | ||
4.05 | Property | 1 | Versailles, KY | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 88.4% | 2,964,993 | 854,652 | 2,110,341 | 79,104 | 40,128 | 1,991,110 | ||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 2,906,494 | 12/31/2021 | T-12 | 5,179,372 | 2,167,338 | 3,012,034 | 12/31/2020 | T-12 | 91.0% | 6,802,586 | 2,317,771 | 4,484,814 | 51,292 | 76,938 | 4,356,585 | 1.73 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 2,854,196 | 12/31/2021 | T-12 | 3,830,709 | 864,724 | 2,965,985 | 12/31/2020 | T-12 | 89.2% | 4,144,219 | 786,260 | 3,357,960 | 35,752 | 71,504 | 3,250,703 | 1.31 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 3,079,257 | 12/31/2021 | T-12 | 5,104,922 | 2,149,153 | 2,955,769 | 12/31/2020 | T-12 | 91.6% | 5,450,459 | 2,480,066 | 2,970,393 | 159,472 | 0 | 2,810,921 | 1.28 |
7.01 | Property | 1 | Creekside Apartments | 1,222,898 | 12/31/2021 | T-12 | 2,105,244 | 882,966 | 1,222,278 | 12/31/2020 | T-12 | 90.0% | 2,246,663 | 1,031,258 | 1,215,404 | 55,500 | 0 | 1,159,904 | ||
7.02 | Property | 1 | Oak Glen Apartments | 1,089,670 | 12/31/2021 | T-12 | 1,734,027 | 713,484 | 1,020,543 | 12/31/2020 | T-12 | 90.3% | 1,853,984 | 855,386 | 998,598 | 63,360 | 0 | 935,238 | ||
7.03 | Property | 1 | Sterling Crossing Apartments | 766,690 | 12/31/2021 | T-12 | 1,265,651 | 552,703 | 712,948 | 12/31/2020 | T-12 | 96.2% | 1,349,812 | 593,422 | 756,390 | 40,612 | 0 | 715,778 | ||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 8,788,527 | 12/31/2021 | T-12 | 16,980,298 | 6,128,753 | 10,851,545 | 12/31/2020 | T-12 | 87.5% | 15,659,792 | 6,447,392 | 9,212,401 | 53,847 | 699,325 | 8,459,229 | 1.54 |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 5,168,658 | 12/31/2021 | T-12 | 9,727,472 | 4,267,166 | 5,460,306 | 12/31/2020 | T-12 | 87.9% | 12,277,699 | 4,842,520 | 7,435,179 | 77,925 | 585,598 | 6,771,656 | 1.76 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 6,426,750 | 0 | 6,426,750 | 0 | 0 | 6,426,750 | 1.71 |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 2,825,525 | 12/31/2021 | T-12 | 4,098,529 | 1,278,100 | 2,820,428 | 12/31/2020 | T-12 | 95.0% | 4,065,698 | 1,322,803 | 2,742,895 | 27,092 | 135,549 | 2,580,254 | 1.67 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 2,082,219 | 12/31/2021 | Various | 1,242,796 | 1,215,937 | 26,859 | 12/31/2020 | T-12 | 95.0% | 3,872,054 | 1,354,895 | 2,517,160 | 41,480 | 118,114 | 2,357,566 | 1.71 |
12.01 | Property | 1 | Chandler Tech Center | 1,749,470 | 12/31/2021 | T-12 | 1,242,796 | 1,215,937 | 26,859 | 12/31/2020 | T-12 | 95.0% | 3,269,140 | 1,167,697 | 2,101,443 | 24,166 | 87,980 | 1,989,297 | ||
12.02 | Property | 1 | Winn Dixie Prairieville | 332,749 | 12/31/2021 | T-10 Ann | NAV | NAV | NAV | NAV | NAV | 95.0% | 602,914 | 187,198 | 415,716 | 17,314 | 30,135 | 368,268 | ||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 2,772,853 | 12/31/2021 | T-12 | 2,772,853 | 0 | 2,772,853 | 12/31/2020 | T-12 | 95.0% | 3,259,700 | 587,663 | 2,672,037 | 0 | 0 | 2,672,037 | 2.28 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 1,940,682 | 12/31/2021 | T-12 | 2,040,240 | 989,540 | 1,050,700 | 12/31/2020 | T-12 | 91.6% | 2,994,244 | 1,023,992 | 1,970,253 | 30,307 | 58,480 | 1,881,465 | 1.46 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 2,036,805 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 78.0% | 8,776,176 | 5,079,031 | 3,697,145 | 351,047 | 0 | 3,346,098 | 2.93 |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | 1,331,321 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 82.7% | 4,466,396 | 2,330,375 | 2,136,021 | 178,656 | 0 | 1,957,365 | ||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | 705,485 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 73.6% | 4,309,780 | 2,748,656 | 1,561,124 | 172,391 | 0 | 1,388,733 | ||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 7,814,362 | 12/31/2021 | T-12 | 9,980,591 | 2,409,275 | 7,571,315 | 12/31/2020 | T-12 | 95.0% | 11,154,296 | 2,690,213 | 8,464,083 | 74,495 | 47,476 | 8,342,112 | 2.38 |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 6,761,908 | 1,130,623 | 5,631,285 | 192,828 | 121,811 | 5,316,646 | 1.68 |
17.01 | Property | 1 | Evergreen | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.02 | Property | 1 | Empire A&B | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.03 | Property | 1 | Lone Oak | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.04 | Property | 1 | Mound | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.05 | Property | 1 | Rochester | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.06 | Property | 1 | Schoolcraft | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.07 | Property | 1 | Wayne | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.08 | Property | 1 | Jeffries | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.09 | Property | 1 | Eckels | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
17.10 | Property | 1 | Martel | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 1,620,736 | 12/31/2021 | T-12 | 2,260,611 | 541,381 | 1,719,231 | 12/31/2020 | T-12 | 94.9% | 2,328,283 | 598,570 | 1,729,713 | 22,028 | 58,741 | 1,648,944 | 1.59 |
19 | Loan | 19 | 1 | Icon One Daytona | 722,843 | 12/31/2020 | T-12 | NAV | NAV | NAV | NAV | NAV | 88.4% | 5,551,958 | 1,577,561 | 3,974,397 | 70,500 | 0 | 3,903,897 | 2.08 |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 2,195,383 | 12/31/2020 | T-12 | 3,921,637 | 1,620,035 | 2,301,602 | 12/31/2019 | T-12 | 88.2% | 4,203,142 | 1,443,622 | 2,759,520 | 118,773 | 211,675 | 2,429,072 | 2.19 |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 1,318,387 | 12/31/2021 | T-12 | 1,272,966 | 0 | 1,272,966 | 8/31/2020 | T-8 Ann | 95.0% | 1,336,586 | 40,098 | 1,296,488 | 24,158 | 60,629 | 1,211,701 | 1.42 |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 15,787,125 | 12/31/2021 | T-12 | 25,039,832 | 13,482,223 | 11,557,609 | 12/31/2020 | T-12 | 88.7% | 37,490,628 | 17,715,360 | 19,775,267 | 295,000 | 1,219,032 | 18,261,235 | 1.82 |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 9,767,259 | 12/31/2020 | T-12 | 18,104,302 | 9,321,649 | 8,782,654 | 12/31/2019 | T-12 | 82.1% | 22,541,072 | 9,445,383 | 13,095,689 | 0 | 0 | 13,095,689 | 5.08 |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 4,433,779 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 80.7% | 18,952,612 | 12,265,096 | 6,687,516 | 758,104 | 0 | 5,929,412 | 1.63 |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 2,443,169 | 12/31/2021 | T-12 | 2,673,918 | 1,049,124 | 1,624,794 | 12/31/2020 | T-12 | 100.0% | 4,086,185 | 1,322,559 | 2,763,626 | 31,863 | 0 | 2,731,762 | 1.61 |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 1,190,338 | 12/31/2021 | T-12 | 1,646,733 | 1,255,870 | 390,863 | 12/31/2020 | T-12 | 79.7% | 3,297,588 | 1,768,855 | 1,528,734 | 131,904 | 0 | 1,396,830 | 2.03 |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | 889,005 | 12/31/2021 | T-12 | 1,015,166 | 347,446 | 667,720 | 12/31/2020 | T-12 | 95.0% | 1,340,442 | 437,331 | 903,111 | 9,956 | 0 | 893,155 | 2.60 |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,538,104 | 511,759 | 1,026,345 | 52,084 | 42,235 | 932,025 | 2.03 |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
28.02 | Property | 1 | 11825 Olive Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
28.03 | Property | 1 | 201 Tower Plaza | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
28.04 | Property | 1 | 318 N 25th St | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
28.05 | Property | 1 | 1201 Pontiac Court | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 839,027 | 12/31/2021 | T-12 | 1,107,458 | 325,885 | 781,573 | 12/31/2020 | T-12 | 93.0% | 1,198,723 | 442,170 | 756,553 | 19,013 | 0 | 737,540 | 1.52 |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 10,503,624 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 64.4% | 24,477,430 | 14,117,671 | 10,359,760 | 979,097 | 0 | 9,380,662 | 2.27 |
30.01 | Property | 1 | Fairfield Inn Orange Beach | 2,344,051 | 12/31/2021 | T-12 | 3,020,496 | 1,709,921 | 1,310,575 | 12/31/2020 | T-12 | 61.9% | 4,874,305 | 2,848,833 | 2,025,472 | 194,972 | 0 | 1,830,500 | ||
30.02 | Property | 1 | Beachside Gulf Shores | 1,899,333 | 12/31/2021 | T-12 | 2,557,383 | 1,511,252 | 1,046,131 | 12/31/2020 | T-12 | 51.9% | 3,580,510 | 1,764,772 | 1,815,738 | 143,220 | 0 | 1,672,518 | ||
30.03 | Property | 1 | Home2Suites Mobile | 1,279,323 | 12/31/2021 | T-12 | 2,009,958 | 1,477,841 | 532,117 | 12/31/2020 | T-12 | 84.7% | 3,420,353 | 2,009,907 | 1,410,446 | 136,814 | 0 | 1,273,632 | ||
30.04 | Property | 1 | Home2Suites Daphne | 689,315 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 80.1% | 3,113,711 | 1,807,057 | 1,306,654 | 124,548 | 0 | 1,182,105 | ||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | 966,147 | 12/31/2021 | T-12 | 2,590,353 | 1,733,006 | 857,347 | 12/31/2020 | T-12 | 58.6% | 3,312,629 | 2,108,757 | 1,203,871 | 132,505 | 0 | 1,071,366 | ||
30.06 | Property | 1 | Gulf Shores Motel 6 | 928,577 | 12/31/2021 | T-12 | 1,182,241 | 703,341 | 478,900 | 12/31/2020 | T-12 | 68.8% | 1,727,843 | 912,944 | 814,898 | 69,114 | 0 | 745,785 | ||
30.07 | Property | 1 | Red Roof Pensacola | 1,093,400 | 12/31/2021 | T-12 | 1,267,871 | 607,259 | 660,612 | 12/31/2020 | T-12 | 53.7% | 1,638,604 | 878,928 | 759,676 | 65,544 | 0 | 694,132 | ||
30.08 | Property | 1 | Quality Inn Gulf Shores | 739,952 | 12/31/2021 | T-12 | 1,313,096 | 850,558 | 462,538 | 12/31/2020 | T-12 | 53.9% | 1,472,769 | 978,344 | 494,426 | 58,911 | 0 | 435,515 | ||
30.09 | Property | 1 | Red Roof Gulf Shores | 563,526 | 12/31/2021 | T-12 | 896,129 | 607,751 | 288,378 | 12/31/2020 | T-12 | 58.8% | 1,336,706 | 808,129 | 528,578 | 53,468 | 0 | 475,110 | ||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 608,340 | 12/31/2020 | T-12 | 919,675 | 362,684 | 556,992 | 12/31/2019 | T-12 | 95.0% | 1,051,667 | 384,170 | 667,497 | 7,836 | 0 | 659,661 | 1.54 |
31.01 | Property | 1 | Copperas Cove | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
31.02 | Property | 1 | Killeen | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
31.03 | Property | 1 | Morgan's Point | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
31.04 | Property | 1 | Temple | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
32 | Loan | 1 | Bella Vista Village | 702,682 | 12/31/2021 | T-12 | 946,679 | 239,149 | 707,530 | 12/31/2020 | T-12 | 95.0% | 1,056,650 | 286,318 | 770,332 | 4,991 | 0 | 765,342 | 2.07 | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 518,527 | 12/31/2021 | T-12 | 638,818 | 362,338 | 276,480 | 12/31/2020 | T-12 | 92.2% | 1,101,778 | 449,260 | 652,517 | 30,500 | 0 | 622,017 | 1.47 |
33.01 | Property | 1 | Sunset Landing | 205,576 | 12/31/2021 | T-12 | 280,494 | 194,362 | 86,132 | 12/31/2020 | T-12 | 95.0% | 518,461 | 185,533 | 332,928 | 14,500 | 0 | 318,428 | ||
33.02 | Property | 1 | Sunset Dunes | 207,509 | 12/31/2021 | T-12 | 257,886 | 120,136 | 137,750 | 12/31/2020 | T-12 | 87.9% | 406,277 | 196,849 | 209,428 | 12,000 | 0 | 197,428 | ||
33.03 | Property | 1 | Sunset Estates | 105,442 | 12/31/2021 | T-12 | 100,438 | 47,840 | 52,598 | 12/31/2020 | T-12 | 95.0% | 177,039 | 66,878 | 110,161 | 4,000 | 0 | 106,161 | ||
34 | Loan | 1 | 1 | Warwick Self Storage | 620,779 | 12/31/2021 | T-12 | 859,995 | 335,983 | 524,012 | 12/31/2020 | T-12 | 95.0% | 1,019,361 | 388,532 | 630,829 | 7,648 | 0 | 623,181 | 2.87 |
A-1-9 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 673,997 | 12/31/2021 | Various | 590,120 | 109,159 | 480,961 | 12/31/2020 | Various | 89.7% | 860,967 | 179,425 | 681,542 | 9,000 | 0 | 672,542 | 1.65 |
35.01 | Property | 1 | Island Estates I | 209,017 | 12/31/2021 | T-12 | 176,683 | 21,799 | 154,884 | 12/31/2020 | T-12 | 90.0% | 260,297 | 36,382 | 223,915 | 2,350 | 0 | 221,565 | ||
35.02 | Property | 1 | Cove Lake South | 170,241 | 12/31/2021 | T-12 | 178,059 | 46,554 | 131,505 | 12/31/2020 | T-8 Ann | 85.0% | 264,250 | 79,285 | 184,966 | 3,150 | 0 | 181,816 | ||
35.03 | Property | 1 | Midtown Estates | 119,637 | 12/31/2021 | T-12 | 54,612 | 6,195 | 48,417 | 12/31/2020 | T-8 Ann | 95.0% | 136,378 | 23,678 | 112,700 | 1,500 | 0 | 111,200 | ||
35.04 | Property | 1 | Island Estates II | 91,263 | 12/31/2021 | T-7 Ann | 109,195 | 17,943 | 91,252 | 12/31/2020 | T-12 | 95.0% | 104,359 | 17,089 | 87,270 | 900 | 0 | 86,370 | ||
35.05 | Property | 1 | Cove Lake North | 83,839 | 12/31/2021 | T-12 | 71,571 | 16,667 | 54,904 | 12/31/2020 | T-8 Ann | 90.0% | 95,683 | 22,991 | 72,692 | 1,100 | 0 | 71,592 | ||
36 | Loan | 1 | Super Mini Storage | 603,558 | 12/31/2021 | T-12 | 1,065,357 | 407,717 | 657,639 | 12/31/2020 | T-12 | 90.0% | 1,160,747 | 455,438 | 705,308 | 9,207 | 0 | 696,101 | 2.44 | |
37 | Loan | 10 | 1 | Village at Rankin | 486,878 | 5/31/2021 | T-12 | 894,261 | 431,167 | 463,094 | 12/31/2020 | T-12 | 95.0% | 1,133,863 | 635,434 | 498,430 | 38,400 | 0 | 460,030 | 1.62 |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 646,739 | 0 | 646,739 | 0 | 0 | 646,739 | 2.21 |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 436,072 | 12/31/2021 | T-12 | 1,034,995 | 517,913 | 517,082 | 12/31/2020 | T-12 | 95.1% | 1,073,540 | 568,900 | 504,640 | 12,900 | 0 | 491,740 | 2.34 |
40 | Loan | 1 | Crowley Village | 563,648 | 12/31/2021 | T-12 | 796,218 | 223,296 | 572,922 | 12/31/2020 | T-12 | 91.9% | 935,712 | 278,617 | 657,095 | 33,219 | 53,579 | 570,298 | 1.83 | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 660,075 | 212,549 | 447,527 | 10,303 | 0 | 437,224 | 1.57 |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 253,731 | 80,974 | 172,757 | 4,056 | 0 | 168,701 | ||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 215,035 | 67,468 | 147,567 | 3,188 | 0 | 144,379 | ||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 191,310 | 64,108 | 127,202 | 3,059 | 0 | 124,143 | ||
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 93.3% | 665,374 | 249,133 | 416,241 | 7,000 | 0 | 409,241 | 2.02 |
43 | Loan | 16 | 1 | Scotland Court Industrial | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 500,581 | 110,324 | 390,257 | 3,324 | 18,663 | 368,269 | 1.38 |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.1% | 353,756 | 61,430 | 292,327 | 1,048 | 1,650 | 289,629 | 1.25 |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 233,256 | 12/31/2021 | T-12 | 452,614 | 278,600 | 174,014 | 12/31/2020 | T-12 | 96.5% | 521,329 | 268,038 | 253,291 | 14,700 | 0 | 238,591 | 1.29 |
46 | Loan | 10 | 1 | Valley Paradise | 292,712 | 6/30/2021 | T-12 | 490,231 | 216,902 | 273,329 | 12/31/2020 | T-12 | 96.0% | 477,873 | 213,741 | 264,131 | 9,660 | 0 | 254,471 | 2.12 |
47 | Loan | 10 | 1 | Harbor View Apartments | 238,389 | 12/31/2021 | T-12 | 240,302 | 97,000 | 143,303 | 12/31/2020 | T-12 | 95.5% | 354,647 | 137,506 | 217,141 | 4,250 | 0 | 212,891 | 1.32 |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 98.0% | 294,552 | 48,331 | 246,221 | 1,848 | 3,300 | 241,073 | 1.51 |
A-1-10 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | 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) |
7, 14 | 7 | 7 | 5 | 5,7 | 5,7 | 3,4 | |||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 2.60 | 12.3% | 12.3% | 575,000,000 | As Is | 1/20/2022 | 32.6% | 32.6% | 94.7% | 7/22/2022 | NAP |
2 | Loan | 12 | 1 | Kingston Square Apartments | 1.53 | 9.2% | 9.0% | 85,700,000 | As Is | 8/1/2022 | 59.5% | 59.5% | 96.9% | 8/18/2022 | NAP |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 3.61 | 11.1% | 11.1% | 954,000,000 | As Is | 1/20/2022 | 33.3% | 33.3% | 96.4% | 3/1/2022 | |
3.01 | Property | 1 | Yorkshire Towers | 821,000,000 | As Is | 1/20/2022 | 96.3% | 3/1/2022 | NAP | ||||||
3.02 | Property | 1 | Lexington Towers | 133,000,000 | As Is | 1/20/2022 | 96.9% | 3/1/2022 | NAP | ||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 1.48 | 10.6% | 9.8% | 182,200,000 | As Is | Various | 41.2% | 41.2% | 71.9% | 9/6/2022 | |
4.01 | Property | 1 | Memphis, TN | 60,000,000 | As Is | 6/13/2022 | 65.9% | 9/6/2022 | No | ||||||
4.02 | Property | 1 | Wetumpka, AL | 48,500,000 | As Is | 6/13/2022 | 67.9% | 9/6/2022 | No | ||||||
4.03 | Property | 1 | Rockford, IL | 23,300,000 | As Is | 6/7/2022 | 55.1% | 9/6/2022 | No | ||||||
4.04 | Property | 1 | Iowa City, IA | 19,700,000 | As Is | 6/6/2022 | 93.0% | 9/6/2022 | No | ||||||
4.05 | Property | 1 | Versailles, KY | 30,700,000 | As Is | 6/15/2022 | 87.8% | 9/6/2022 | No | ||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 1.68 | 12.3% | 11.9% | 64,300,000 | As Is | 8/10/2022 | 56.8% | 53.0% | 89.8% | 8/31/2022 | No |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 1.27 | 9.6% | 9.3% | 52,800,000 | As Is | 7/22/2022 | 66.2% | 56.5% | 89.7% | 8/1/2022 | No |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 1.21 | 10.0% | 9.5% | 58,300,000 | As Is | 6/17/2022 | 50.9% | 42.7% | 97.2% | 7/11/2022 | |
7.01 | Property | 1 | Creekside Apartments | 24,100,000 | As Is | 6/17/2022 | 94.8% | 7/11/2022 | NAP | ||||||
7.02 | Property | 1 | Oak Glen Apartments | 19,800,000 | As Is | 6/17/2022 | 99.6% | 7/11/2022 | NAP | ||||||
7.03 | Property | 1 | Sterling Crossing Apartments | 14,400,000 | As Is | 6/17/2022 | 97.2% | 7/11/2022 | NAP | ||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 1.41 | 9.4% | 8.6% | 187,000,000 | As Is | 7/1/2022 | 52.4% | 52.4% | 87.4% | 6/23/2022 | No |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 1.60 | 10.2% | 9.3% | 122,850,000 | As Is | 7/8/2022 | 59.4% | 59.4% | 88.3% | 6/30/2022 | No |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 1.71 | 10.7% | 10.7% | 112,900,000 | As Is | 8/1/2022 | 53.1% | 53.1% | 100.0% | 8/2/2022 | Yes |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 1.57 | 10.2% | 9.6% | 48,000,000 | As Is | 7/12/2022 | 56.3% | 56.3% | 98.4% | 8/29/2022 | No |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 1.60 | 10.3% | 9.6% | 55,600,000 | As Is | Various | 44.1% | 44.1% | 99.5% | 8/31/2022 | |
12.01 | Property | 1 | Chandler Tech Center | 49,200,000 | As Is | 5/23/2022 | 99.4% | 8/31/2022 | No | ||||||
12.02 | Property | 1 | Winn Dixie Prairieville | 6,400,000 | As Is | 5/21/2022 | 100.0% | 8/31/2022 | Yes | ||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 2.28 | 11.6% | 11.6% | 44,400,000 | As Is | 6/28/2022 | 51.8% | 51.8% | 100.0% | 8/5/2022 | Yes |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 1.39 | 9.1% | 8.7% | 34,200,000 | As Is | 5/13/2022 | 65.8% | 65.8% | 97.1% | 7/1/2022 | No |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 2.65 | 16.6% | 15.0% | 43,100,000 | As Is | 7/1/2022 | 51.7% | 51.7% | 78.0% | 6/30/2022 | |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | 22,600,000 | As Is | 7/1/2022 | 82.7% | 6/30/2022 | NAP | ||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | 20,500,000 | As Is | 7/1/2022 | 73.6% | 6/30/2022 | NAP | ||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 2.34 | 8.9% | 8.8% | 153,000,000 | As Is | 8/10/2021 | 62.1% | 62.1% | 95.6% | 8/2/2022 | No |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 1.59 | 9.4% | 8.9% | 88,000,000 | As Portfolio | Various | 68.1% | 68.1% | 100.0% | 7/21/2022 | |
17.01 | Property | 1 | Evergreen | 19,750,000 | As Is | 6/14/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.02 | Property | 1 | Empire A&B | 17,700,000 | As Is | 6/10/2022 | 100.0% | 7/21/2022 | No | ||||||
17.03 | Property | 1 | Lone Oak | 14,500,000 | As Is | 6/13/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.04 | Property | 1 | Mound | 7,250,000 | As Is | 6/14/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.05 | Property | 1 | Rochester | 6,550,000 | As Is | 6/10/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.06 | Property | 1 | Schoolcraft | 5,850,000 | As Is | 6/13/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.07 | Property | 1 | Wayne | 4,400,000 | As Is | 6/13/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.08 | Property | 1 | Jeffries | 4,600,000 | As Is | 6/13/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.09 | Property | 1 | Eckels | 3,670,000 | As Is | 6/13/2022 | 100.0% | 7/21/2022 | Yes | ||||||
17.10 | Property | 1 | Martel | 2,700,000 | As Is | 6/10/2022 | 100.0% | 7/21/2022 | Yes | ||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 1.52 | 9.7% | 9.3% | 26,600,000 | As Is | 8/20/2022 | 66.7% | 66.7% | 96.5% | 7/1/2022 | No |
19 | Loan | 19 | 1 | Icon One Daytona | 2.04 | 7.9% | 7.8% | 72,900,000 | As Is | 6/18/2021 | 68.6% | 68.6% | 89.0% | 6/24/2022 | NAP |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 1.93 | 12.8% | 11.3% | 32,560,000 | As Is (assuming $500k capital reserve) | 10/23/2021 | 66.0% | 60.8% | 85.5% | 6/30/2022 | No |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 1.33 | 11.5% | 10.8% | 36,000,000 | As Is | 8/1/2022 | 31.3% | 22.7% | 100.0% | 10/30/2020 | Yes |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 1.68 | 9.4% | 8.7% | 335,200,000 | As Is | 1/31/2022 | 62.6% | 62.6% | 90.5% | 2/1/2022 | No |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 5.08 | 16.9% | 16.9% | 244,000,000 | As Is | 11/15/2021 | 31.8% | 31.8% | 82.6% | 1/1/2022 | No |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 1.45 | 14.7% | 13.0% | 89,500,000 | As Is | 6/1/2022 | 50.8% | 43.4% | 80.7% | 5/31/2022 | NAP |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 1.60 | 9.2% | 9.1% | 49,500,000 | As Is | 6/17/2022 | 60.6% | 60.6% | 100.0% | 7/29/2022 | Yes |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 1.86 | 15.5% | 14.1% | 14,727,224 | As Complete | 6/1/2022 | 67.2% | 57.9% | 77.7% | 6/30/2022 | NAP |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | 2.58 | 9.5% | 9.4% | 18,700,000 | As Is | 7/22/2022 | 50.8% | 50.8% | 99.5% | 7/15/2022 | NAP |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | 1.84 | 11.4% | 10.3% | 16,480,000 | Various | Various | 54.8% | 54.8% | 100.0% | 6/3/2022 | |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | 11,150,000 | Prospective Leased Fee | 5/26/2022 | 100.0% | 6/3/2022 | Yes | ||||||
28.02 | Property | 1 | 11825 Olive Street | 1,930,000 | Prospective Leased Fee | 5/20/2022 | 100.0% | 6/3/2022 | Yes | ||||||
28.03 | Property | 1 | 201 Tower Plaza | 1,850,000 | As Is | 5/15/2022 | 100.0% | 6/3/2022 | Yes | ||||||
28.04 | Property | 1 | 318 N 25th St | 840,000 | Prospective Market Value | 5/15/2022 | 100.0% | 6/3/2022 | Yes | ||||||
28.05 | Property | 1 | 1201 Pontiac Court | 710,000 | Prospective Leased Fee | 5/15/2022 | 100.0% | 6/3/2022 | Yes | ||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 1.49 | 9.6% | 9.3% | 12,700,000 | As Is | 2/17/2022 | 62.2% | 54.8% | 98.7% | 8/22/2022 | No |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 2.06 | 16.4% | 14.9% | 134,300,000 | As Is | Various | 46.9% | 43.2% | 66.5% | 5/31/2022 | |
30.01 | Property | 1 | Fairfield Inn Orange Beach | 27,100,000 | As Is | 5/3/2022 | 62.0% | 5/31/2022 | NAP | ||||||
30.02 | Property | 1 | Beachside Gulf Shores | 22,500,000 | As Is | 5/3/2022 | 52.7% | 5/31/2022 | NAP | ||||||
30.03 | Property | 1 | Home2Suites Mobile | 16,700,000 | As Is | 5/4/2022 | 85.8% | 5/31/2022 | NAP | ||||||
30.04 | Property | 1 | Home2Suites Daphne | 16,700,000 | As Is | 5/4/2022 | 82.0% | 5/31/2022 | NAP | ||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | 18,100,000 | As Is | 5/3/2022 | 65.4% | 5/31/2022 | NAP | ||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | 9,700,000 | As Is | 5/3/2022 | 72.6% | 5/31/2022 | NAP | ||||||
30.07 | Property | 1 | Red Roof Pensacola | 8,400,000 | As Is | 5/3/2022 | 56.7% | 5/31/2022 | NAP | ||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | 7,800,000 | As Is | 5/3/2022 | 53.9% | 5/31/2022 | NAP | ||||||
30.09 | Property | 1 | Red Roof Gulf Shores | 7,300,000 | As Is | 5/3/2022 | 61.0% | 5/31/2022 | NAP | ||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 1.53 | 9.5% | 9.4% | 12,400,000 | As Portfolio | 4/29/2022 | 56.9% | 56.9% | 97.9% | 5/1/2022 | |
31.01 | Property | 1 | Copperas Cove | 4,800,000 | As Is | 4/29/2022 | 96.6% | 5/1/2022 | NAP | ||||||
31.02 | Property | 1 | Killeen | 3,900,000 | As Is | 4/29/2022 | 98.3% | 5/1/2022 | NAP | ||||||
31.03 | Property | 1 | Morgan's Point | 1,975,000 | As Is | 4/29/2022 | 100.0% | 5/1/2022 | NAP | ||||||
31.04 | Property | 1 | Temple | 1,275,000 | As Is | 4/29/2022 | 97.6% | 5/1/2022 | NAP | ||||||
32 | Loan | 1 | Bella Vista Village | 2.06 | 11.9% | 11.8% | 12,000,000 | As Is | 5/24/2022 | 54.2% | 54.2% | 100.0% | 5/1/2022 | No | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 1.40 | 10.3% | 9.8% | 9,600,000 | As Is | 6/10/2022 | 66.1% | 58.3% | 100.0% | 6/22/2022 | |
33.01 | Property | 1 | Sunset Landing | 4,563,934 | As Is | 6/10/2022 | 100.0% | 6/22/2022 | NAP | ||||||
33.02 | Property | 1 | Sunset Dunes | 3,777,049 | As Is | 6/10/2022 | 100.0% | 6/22/2022 | NAP | ||||||
33.03 | Property | 1 | Sunset Estates | 1,259,016 | As Is | 6/10/2022 | 100.0% | 6/22/2022 | NAP | ||||||
34 | Loan | 1 | 1 | Warwick Self Storage | 2.84 | 10.2% | 10.1% | 12,300,000 | As Is | 7/22/2022 | 50.2% | 50.2% | 99.2% | 7/15/2022 | NAP |
A-1-11 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | 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) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 1.63 | 11.8% | 11.6% | 11,400,000 | As Is | 5/31/2022 | 50.8% | 43.0% | 100.0% | 8/14/2022 | |
35.01 | Property | 1 | Island Estates I | 3,800,000 | As Is | 5/31/2022 | 100.0% | 8/14/2022 | NAP | ||||||
35.02 | Property | 1 | Cove Lake South | 3,300,000 | As Is | 5/31/2022 | 100.0% | 8/14/2022 | NAP | ||||||
35.03 | Property | 1 | Midtown Estates | 1,800,000 | As Is | 5/31/2022 | 100.0% | 8/14/2022 | NAP | ||||||
35.04 | Property | 1 | Island Estates II | 1,300,000 | As Is | 5/31/2022 | 100.0% | 8/14/2022 | NAP | ||||||
35.05 | Property | 1 | Cove Lake North | 1,200,000 | As Is | 5/31/2022 | 100.0% | 8/14/2022 | NAP | ||||||
36 | Loan | 1 | Super Mini Storage | 2.41 | 12.8% | 12.7% | 13,900,000 | As Is | 3/28/2022 | 39.6% | 39.6% | 97.9% | 8/26/2022 | NAP | |
37 | Loan | 10 | 1 | Village at Rankin | 1.50 | 9.1% | 8.4% | 10,650,000 | As Is | 8/9/2022 | 51.6% | 44.4% | 95.4% | 8/2/2022 | NAP |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | 2.21 | 11.8% | 11.8% | 10,500,000 | As Is | 4/25/2022 | 52.4% | 52.4% | 100.0% | 7/14/2022 | Yes |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 2.28 | 9.3% | 9.0% | 8,400,000 | As Is | 7/25/2022 | 64.9% | 64.9% | 100.0% | 7/1/2022 | NAP |
40 | Loan | 1 | Crowley Village | 1.58 | 12.7% | 11.0% | 8,750,000 | As Is | 4/22/2022 | 59.3% | 52.1% | 94.4% | 7/15/2022 | No | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 1.54 | 8.7% | 8.5% | 8,400,000 | As Is | 2/24/2022 | 60.9% | 60.9% | 100.0% | 7/29/2022 | |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | 3,250,000 | As Is | 2/24/2022 | 100.0% | 7/29/2022 | NAP | ||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | 2,700,000 | As Is | 2/24/2022 | 100.0% | 7/29/2022 | NAP | ||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | 2,450,000 | As Is | 2/24/2022 | 100.0% | 7/29/2022 | NAP | ||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | 1.98 | 8.7% | 8.5% | 8,000,000 | As Is | 11/3/2021 | 59.9% | 59.9% | 96.4% | 8/10/2022 | NAP |
43 | Loan | 16 | 1 | Scotland Court Industrial | 1.30 | 9.5% | 9.0% | 6,000,000 | As Is | 2/25/2022 | 68.3% | 63.6% | 100.0% | 7/8/2022 | No |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 1.24 | 8.4% | 8.3% | 5,100,000 | As Is | 5/25/2022 | 68.6% | 68.6% | 100.0% | 8/17/2022 | No |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 1.22 | 7.8% | 7.3% | 4,750,000 | As Is | 8/2/2022 | 68.4% | 63.4% | 95.9% | 7/19/2022 | NAP |
46 | Loan | 10 | 1 | Valley Paradise | 2.04 | 8.4% | 8.1% | 7,000,000 | As Is | 7/20/2022 | 44.9% | 44.9% | 93.3% | 6/30/2022 | NAP |
47 | Loan | 10 | 1 | Harbor View Apartments | 1.30 | 8.0% | 7.9% | 4,240,000 | As Is | 7/25/2022 | 63.7% | 52.3% | 100.0% | 3/31/2022 | NAP |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | 1.48 | 9.1% | 8.9% | 4,100,000 | As Is | 6/29/2022 | 65.9% | 65.9% | 100.0% | 7/20/2022 | No |
A-1-12 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | 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 |
4,21,22,23,28 | 4,21,22,23,28 | 4,21,22,23,28 | |||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 12 | 1 | Kingston Square Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | |||||||||
3.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | |||||||||
4.01 | Property | 1 | Memphis, TN | Viterra | 569,688 | 41.4% | 8/31/2029 | Fedex | 235,747 | 17.1% | 11/30/2026 | USPS | |
4.02 | Property | 1 | Wetumpka, AL | Bella + Canvas, LLC | 371,734 | 50.6% | 2/28/2029 | Wynn Grain Spice | 127,286 | 17.3% | 4/30/2032 | NAP | |
4.03 | Property | 1 | Rockford, IL | Amazon | 138,400 | 26.7% | 3/31/2027 | Timber Industries | 93,679 | 18.1% | 5/31/2028 | Ryder | |
4.04 | Property | 1 | Iowa City, IA | HNI Corporation | 317,518 | 93.0% | 6/30/2025 | NAP | NAP | NAP | NAP | NAP | |
4.05 | Property | 1 | Versailles, KY | Ledvance, LLC | 376,298 | 47.6% | 4/30/2027 | McLane Company, Inc. | 303,728 | 38.4% | 1/31/2026 | Bourbon Pallet Dreams LLC | |
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | Eagle Pharmaceuticals | 27,093 | 10.6% | 6/30/2025 | HDR | 26,084 | 10.2% | 2/28/2033 | Ford |
6 | Loan | 23 | 1 | Center Pointe Plaza I | Home Depot U.S.A, Inc. | 109,738 | 46.0% | 6/30/2031 | TJ Maxx | 29,900 | 12.5% | 1/31/2033 | Ross Dress for Less |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | |||||||||
7.01 | Property | 1 | Creekside Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7.02 | Property | 1 | Oak Glen Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7.03 | Property | 1 | Sterling Crossing Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | The City of New York | 67,000 | 24.9% | 10/14/2029 | In Touch Group, LLC | 51,000 | 18.9% | 9/30/2031 | E-Lo Sportswear, LLC |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | Wells Fargo Bank | 44,566 | 11.4% | 7/31/2027 | Phelps Dunbar, LLP | 30,311 | 7.8% | 6/30/2028 | Wicker, Smith, O'Hara, McCoy & Ford, PA |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | The Saks Fifth Avenue Fulfillment Center (HBC) | 822,771 | 100.0% | 8/1/2047 | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | Shores III, L.L.C. | 30,962 | 22.9% | 8/31/2034 | ERJ Properties | 15,591 | 11.5% | 8/31/2034 | Aperture Labs |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | |||||||||
12.01 | Property | 1 | Chandler Tech Center | Comtech EF | 151,964 | 62.9% | 7/31/2036 | Compound Photonics | 74,568 | 30.9% | 12/31/2024 | William Ryan Homes | |
12.02 | Property | 1 | Winn Dixie Prairieville | Winn-Dixie | 61,834 | 100.0% | 8/31/2028 | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | ACME Supermarkets | 110,249 | 100.0% | 2/28/2034 | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | Once Upon A Playhouse, LLC | 4,954 | 8.5% | 9/30/2024 | Happy Arts, LLC | 3,738 | 6.4% | 6/30/2025 | SpeedPro Chicago Loop |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | |||||||||
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | Regal Entertainment Group | 59,800 | 16.1% | 4/30/2034 | LA Fitness | 50,322 | 13.5% | 6/30/2034 | Hobby Lobby |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | |||||||||
17.01 | Property | 1 | Evergreen | Sherwood Foods | 303,383 | 100.0% | 3/31/2029 | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | 1 | Empire A&B | Radienz Living | 220,581 | 67.5% | 3/31/2024 | Averitt Express, Inc. | 105,988 | 32.5% | 12/31/2031 | NAP | |
17.03 | Property | 1 | Lone Oak | Scantron | 113,184 | 100.0% | 12/31/2037 | NAP | NAP | NAP | NAP | NAP | |
17.04 | Property | 1 | Mound | Wright Tool | 86,422 | 100.0% | 11/30/2029 | NAP | NAP | NAP | NAP | NAP | |
17.05 | Property | 1 | Rochester | TA Systems | 68,902 | 100.0% | 10/31/2024 | NAP | NAP | NAP | NAP | NAP | |
17.06 | Property | 1 | Schoolcraft | MacLean Master | 68,596 | 100.0% | 9/30/2031 | NAP | NAP | NAP | NAP | NAP | |
17.07 | Property | 1 | Wayne | Munch's Supply | 55,820 | 100.0% | 3/31/2025 | NAP | NAP | NAP | NAP | NAP | |
17.08 | Property | 1 | Jeffries | Williams Distrib | 55,547 | 100.0% | 10/31/2027 | NAP | NAP | NAP | NAP | NAP | |
17.09 | Property | 1 | Eckels | Great Lakes Glass | 42,300 | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | |
17.10 | Property | 1 | Martel | Joshen Paper | 84,450 | 100.0% | 5/31/2027 | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | Martin's | 73,000 | 49.7% | 9/30/2028 | Big Lots | 39,003 | 26.6% | 1/31/2024 | Dollar Tree |
19 | Loan | 19 | 1 | Icon One Daytona | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | Hobby Lobby | 65,214 | 18.7% | 12/31/2030 | Dunham's Sports | 38,634 | 11.1% | 1/31/2027 | Burlington |
21 | Loan | 10 | 1 | Union and Chapin Industrial | Industrial Container Services, LLC | 241,584 | 100.0% | 6/30/2039 | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | iCIMS, Inc. | 331,378 | 24.2% | 11/30/2032 | Guardian Life Insurance Company of America | 91,319 | 6.7% | 12/31/2032 | WorkWave LLC |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | John Wiley & Sons Inc. | 293,633 | 52.6% | 3/31/2033 | Sumitomo Mitsui Trust Bank | 38,134 | 6.8% | 1/31/2024 | Crunch Holdings LLC |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | County of Suffolk | 151,730 | 100.0% | 11/30/2039 | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | |||||||||
28.01 | Property | 1 | 5959 South Harlem Avenue Building | Hayes Commercial LLC | 132,048 | 100.0% | 6/2/2037 | NAP | NAP | NAP | NAP | NAP | |
28.02 | Property | 1 | 11825 Olive Street | Hayes Commercial LLC | 28,155 | 100.0% | 6/2/2037 | NAP | NAP | NAP | NAP | NAP | |
28.03 | Property | 1 | 201 Tower Plaza | Hayes Services LLC | 26,689 | 100.0% | 6/2/2037 | NAP | NAP | NAP | NAP | NAP | |
28.04 | Property | 1 | 318 N 25th St | Hayes Services LLC | 15,425 | 100.0% | 6/2/2037 | NAP | NAP | NAP | NAP | NAP | |
28.05 | Property | 1 | 1201 Pontiac Court | Hayes Commercial LLC | 9,488 | 100.0% | 6/2/2037 | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | First ExcellenceTherapy | 2,055 | 4.2% | 11/30/2022 | Med Therapy & Rehab | 1,690 | 3.4% | 10/31/2022 | Exclusive Property Management |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | |||||||||
30.01 | Property | 1 | Fairfield Inn Orange Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.02 | Property | 1 | Beachside Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.03 | Property | 1 | Home2Suites Mobile | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.04 | Property | 1 | Home2Suites Daphne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.05 | Property | 1 | Staybridge Suites Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.06 | Property | 1 | Gulf Shores Motel 6 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.07 | Property | 1 | Red Roof Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.08 | Property | 1 | Quality Inn Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.09 | Property | 1 | Red Roof Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | |||||||||
31.01 | Property | 1 | Copperas Cove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31.02 | Property | 1 | Killeen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31.03 | Property | 1 | Morgan's Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31.04 | Property | 1 | Temple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 1 | Bella Vista Village | Biscuits Cafe, Inc. | 4,180 | 12.6% | 6/30/2029 | Clark D. Larson and Liesel Larson | 3,820 | 11.5% | 11/30/2025 | Pyro's Pie and Pub, Inc. | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | |||||||||
33.01 | Property | 1 | Sunset Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33.02 | Property | 1 | Sunset Dunes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33.03 | Property | 1 | Sunset Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-13 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | 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 |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | |||||||||
35.01 | Property | 1 | Island Estates I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35.02 | Property | 1 | Cove Lake South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35.03 | Property | 1 | Midtown Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35.04 | Property | 1 | Island Estates II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35.05 | Property | 1 | Cove Lake North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 1 | Super Mini Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 10 | 1 | Village at Rankin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | United Supermarkets, LLC (d/b/a Albertsons Market) | 43,484 | 100.0% | 10/31/2030 | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 1 | Crowley Village | Brookshire Grocery Company | 48,918 | 45.7% | 6/30/2027 | Planet Fitness | 11,707 | 10.9% | 12/31/2031 | Aaron Rents, Inc | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | |||||||||
41.01 | Property | 1 | 4944-4946 North Harding Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.03 | Property | 1 | 4801 North Ridgeway Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 16 | 1 | Scotland Court Industrial | Safelite Fulfillment, Inc. | 8,311 | 25.0% | 12/31/2026 | Dakks LLC dba Ace Performance Automotive | 8,311 | 25.0% | 11/30/2025 | National Metal Stampings, Inc. |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | Atlantic Ave Smoke Shop Inc. | 650 | 39.4% | 12/14/2026 | Almost Ready Storefront, LLC | 450 | 27.3% | 8/31/2031 | Grandma's Cheese LLC |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 10 | 1 | Valley Paradise | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | Revolution Taco | 1,650 | 100.0% | 3/31/2025 | NAP | NAP | NAP | NAP | NAP |
A-1-14 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date |
4,21,22,23,28 | 4,21,22,23, 28 | |||||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/20/2022 |
2 | Loan | 12 | 1 | Kingston Square Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/4/2022 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | ||||||||||||
3.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/3/2022 | |
3.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/19/2022 | |
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | ||||||||||||
4.01 | Property | 1 | Memphis, TN | 101,162 | 7.4% | 5/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/21/2022 | |
4.02 | Property | 1 | Wetumpka, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/21/2022 | |
4.03 | Property | 1 | Rockford, IL | 52,917 | 10.2% | 9/28/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/21/2022 | |
4.04 | Property | 1 | Iowa City, IA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/21/2022 | |
4.05 | Property | 1 | Versailles, KY | 14,235 | 1.8% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/21/2022 | |
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 19,358 | 7.5% | 8/31/2026 | HQ Global Workplaces | 15,523 | 6.1% | 9/30/2023 | Price Meese Shulman | 13,095 | 5.1% | 4/30/2026 | 8/19/2022 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 22,000 | 9.2% | 1/31/2031 | Boot Barn | 14,715 | 6.2% | 2/29/2032 | Sai Farmer's Market | 13,500 | 5.7% | 7/31/2029 | 8/2/2022 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | ||||||||||||
7.01 | Property | 1 | Creekside Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/1/2022 | |
7.02 | Property | 1 | Oak Glen Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/1/2022 | |
7.03 | Property | 1 | Sterling Crossing Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/1/2022 | |
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 34,000 | 12.6% | 8/31/2027 | Situation Marketing, LLC | 17,000 | 6.3% | 5/31/2026 | Severud Assoc | 17,000 | 6.3% | 12/31/2032 | 6/29/2022 |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 20,632 | 5.3% | 7/31/2029 | Valet Living, LLC | 20,601 | 5.3% | 8/31/2028 | Datis HR Cloud, Inc | 19,618 | 5.0% | 8/31/2031 | 5/3/2022 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/23/2022 |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 10,685 | 7.9% | 8/31/2034 | MKBY | 7,062 | 5.2% | 8/31/2034 | Encompass Holdings | 6,509 | 4.8% | 8/31/2034 | 7/19/2022 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | ||||||||||||
12.01 | Property | 1 | Chandler Tech Center | 13,628 | 5.6% | 1/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/12/2022 | |
12.02 | Property | 1 | Winn Dixie Prairieville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/2/2022 | |
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/5/2022 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 3,458 | 5.9% | 3/1/2026 | Issues Barber & Beauty Salon | 3,391 | 5.8% | 9/30/2027 | Crab Bucket No1, LLC | 3,172 | 5.4% | 3/31/2029 | 5/24/2022 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | ||||||||||||
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/14/2022 | |
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/14/2022 | |
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 44,060 | 11.8% | 6/30/2028 | Ross Dress For Less | 25,920 | 7.0% | 1/31/2028 | Sprouts | 25,252 | 6.8% | 9/30/2024 | 9/15/2021 |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | ||||||||||||
17.01 | Property | 1 | Evergreen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/11/2022 | |
17.02 | Property | 1 | Empire A&B | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/13/2022 | |
17.03 | Property | 1 | Lone Oak | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/6/2022 | |
17.04 | Property | 1 | Mound | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/14/2022 | |
17.05 | Property | 1 | Rochester | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2022 | |
17.06 | Property | 1 | Schoolcraft | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/14/2022 | |
17.07 | Property | 1 | Wayne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/5/2022 | |
17.08 | Property | 1 | Jeffries | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/7/2022 | |
17.09 | Property | 1 | Eckels | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/7/2022 | |
17.10 | Property | 1 | Martel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/5/2022 | |
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 7,200 | 4.9% | 12/31/2022 | NLX Fitness | 5,080 | 3.5% | 4/30/2028 | McDonald's | 3,388 | 2.3% | 10/9/2027 | 8/8/2022 |
19 | Loan | 19 | 1 | Icon One Daytona | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/25/2021 |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 33,731 | 9.7% | 2/28/2031 | TJ Maxx | 33,000 | 9.4% | 5/31/2027 | Barnes & Noble | 22,589 | 6.5% | 1/31/2024 | 10/20/2021 |
21 | Loan | 10 | 1 | Union and Chapin Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/29/2020 |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 71,667 | 5.2% | 5/27/2029 | Jersey Central Power & Light Company | 69,870 | 5.1% | 12/31/2027 | International Flavors & Fragrances, L.P. | 60,104 | 4.4% | 9/30/2033 | 2/14/2022 |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 21,196 | 3.8% | 8/31/2029 | Burgiss Group LLC The | 19,018 | 3.4% | 11/30/2026 | Educationdynamics LLC | 18,063 | 3.2% | 8/31/2029 | 12/21/2021 |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/14/2022 |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/9/2022 |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/17/2022 |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/24/2021 |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | ||||||||||||
28.01 | Property | 1 | 5959 South Harlem Avenue Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/26/2022 | |
28.02 | Property | 1 | 11825 Olive Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/25/2022 | |
28.03 | Property | 1 | 201 Tower Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/25/2022 | |
28.04 | Property | 1 | 318 N 25th St | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/20/2022 | |
28.05 | Property | 1 | 1201 Pontiac Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/25/2022 | |
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 1,530 | 3.1% | 4/30/2023 | Victoria Medical Center | 1,415 | 2.9% | 1/31/2023 | Lesly Home Health Care | 1,290 | 2.6% | 12/31/2022 | 2/17/2022 |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | ||||||||||||
30.01 | Property | 1 | Fairfield Inn Orange Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/9/2022 | |
30.02 | Property | 1 | Beachside Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/15/2022 | |
30.03 | Property | 1 | Home2Suites Mobile | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/3/2022 | |
30.04 | Property | 1 | Home2Suites Daphne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/3/2022 | |
30.05 | Property | 1 | Staybridge Suites Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/9/2022 | |
30.06 | Property | 1 | Gulf Shores Motel 6 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/9/2022 | |
30.07 | Property | 1 | Red Roof Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/15/2022 | |
30.08 | Property | 1 | Quality Inn Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/9/2022 | |
30.09 | Property | 1 | Red Roof Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/15/2022 | |
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | ||||||||||||
31.01 | Property | 1 | Copperas Cove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/6/2022 | |
31.02 | Property | 1 | Killeen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/6/2022 | |
31.03 | Property | 1 | Morgan's Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/6/2022 | |
31.04 | Property | 1 | Temple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/6/2022 | |
32 | Loan | 1 | Bella Vista Village | 2,600 | 7.8% | 9/30/2026 | Mindy Sue Melillo d/b/a Dance Spot | 2,520 | 7.6% | 2/29/2028 | Barry Goodman | 2,426 | 7.3% | 1/14/2026 | 6/1/2022 | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | ||||||||||||
33.01 | Property | 1 | Sunset Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/23/2022 | |
33.02 | Property | 1 | Sunset Dunes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/23/2022 | |
33.03 | Property | 1 | Sunset Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/23/2022 | |
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/24/2021 |
A-1-15 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | ||||||||||||
35.01 | Property | 1 | Island Estates I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/16/2022 | |
35.02 | Property | 1 | Cove Lake South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/16/2022 | |
35.03 | Property | 1 | Midtown Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/16/2022 | |
35.04 | Property | 1 | Island Estates II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/16/2022 | |
35.05 | Property | 1 | Cove Lake North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/16/2022 | |
36 | Loan | 1 | Super Mini Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/4/2022 | |
37 | Loan | 10 | 1 | Village at Rankin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/8/2021 |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/4/2022 |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/13/2020 |
40 | Loan | 1 | Crowley Village | 10,542 | 9.8% | 4/30/2027 | Dollar Tree Stores Inc. | 10,528 | 9.8% | 5/31/2024 | Cato Corporation | 5,000 | 4.7% | 1/31/2027 | 4/15/2022 | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | ||||||||||||
41.01 | Property | 1 | 4944-4946 North Harding Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2022 | |
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2022 | |
41.03 | Property | 1 | 4801 North Ridgeway Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/7/2022 | |
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/16/2021 |
43 | Loan | 16 | 1 | Scotland Court Industrial | 5,573 | 16.8% | 9/30/2025 | Shift Speed Shop, LLC | 5,476 | 16.5% | 11/30/2025 | Paragon Service Pros, LLC | 2,835 | 8.5% | 9/30/2024 | 3/14/2022 |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 300 | 18.2% | 12/31/2032 | BH Realty | 250 | 15.2% | 12/31/2032 | NAP | NAP | NAP | NAP | 6/6/2022 |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/20/2021 |
46 | Loan | 10 | 1 | Valley Paradise | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/3/2021 |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/26/2021 |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/12/2022 |
A-1-16 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) |
18 | 19 | 18 | |||||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | NAP | 1/19/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 919,476 | 459,738 | 0 |
2 | Loan | 12 | 1 | Kingston Square Apartments | NAP | 8/8/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 154,550 | 25,069 | 0 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 5,390,917 | 898,486 | 367,868 | ||||||||||
3.01 | Property | 1 | Yorkshire Towers | NAP | 1/19/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
3.02 | Property | 1 | Lexington Towers | NAP | 1/19/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 257,137 | 56,408 | 0 | ||||||||||
4.01 | Property | 1 | Memphis, TN | NAP | 6/21/2022 | 6/21/2022 | 16% | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
4.02 | Property | 1 | Wetumpka, AL | NAP | 6/21/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
4.03 | Property | 1 | Rockford, IL | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
4.04 | Property | 1 | Iowa City, IA | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
4.05 | Property | 1 | Versailles, KY | NAP | 6/21/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | NAP | 8/15/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | 74,353 | 11,798 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | NAP | 8/2/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 38,007 | 36,197 | 41,369 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 355,900 | 44,488 | 109,993 | ||||||||||
7.01 | Property | 1 | Creekside Apartments | NAP | 7/1/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
7.02 | Property | 1 | Oak Glen Apartments | NAP | 7/1/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
7.03 | Property | 1 | Sterling Crossing Apartments | NAP | 7/1/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | NAP | 6/29/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 1,080,225 | 270,056 | 0 |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | NAP | 5/2/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 1,557,182 | 141,562 | 0 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 117,913 | Springing | 61,924 |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | NAP | 7/19/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 41,485 | 41,485 | 36,963 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 385,698 | 55,100 | 83,971 | ||||||||||
12.01 | Property | 1 | Chandler Tech Center | NAP | 5/12/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
12.02 | Property | 1 | Winn Dixie Prairieville | NAP | 6/2/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | NAP | 6/29/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 992 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | NAP | 6/29/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 410,078 | 53,009 | 20,292 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 159,525 | 26,587 | 0 | ||||||||||
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | NAP | 7/14/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | NAP | 7/14/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | NAP | 8/19/2021 | 8/19/2021 | 10% | No | Fee | NAP | NAP | NAP | NAP | 0 | 111,540 | 0 |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 288,329 | 46,731 | 9,481 | ||||||||||
17.01 | Property | 1 | Evergreen | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.02 | Property | 1 | Empire A&B | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.03 | Property | 1 | Lone Oak | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.04 | Property | 1 | Mound | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.05 | Property | 1 | Rochester | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.06 | Property | 1 | Schoolcraft | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.07 | Property | 1 | Wayne | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.08 | Property | 1 | Jeffries | NAP | 6/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.09 | Property | 1 | Eckels | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
17.10 | Property | 1 | Martel | NAP | 6/22/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | NAP | 8/8/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
19 | Loan | 19 | 1 | Icon One Daytona | NAP | 6/25/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 415,753 | 38,750 | 63,059 |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | NAP | 10/12/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | 45,145 | 0 |
21 | Loan | 10 | 1 | Union and Chapin Industrial | NAP | 9/29/2020 | 9/29/2020 | 7% | No | Fee | NAP | NAP | NAP | NAP | 0 | 0 | 0 |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | NAP | 2/14/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 617,834 | 308,917 | 0 |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | NAP | 10/26/2021 | NAP | NAP | Yes - AE | Leasehold | 9/30/2098 | None | 1,502,800 | Yes | 122,519 | 138,561 | 177,648 |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | NAP | 6/14/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 269,732 | 30,525 | 0 |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | NAP | 4/28/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 20,949 |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | NAP | 6/17/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 30,135 | 5,701 | 8,030 |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | 8/17/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 26,986 | 4,498 | 0 |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | 0 | Springing | 0 | ||||||||||
28.01 | Property | 1 | 5959 South Harlem Avenue Building | 5/17/2022 | 4/25/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
28.02 | Property | 1 | 11825 Olive Street | NAP | 4/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
28.03 | Property | 1 | 201 Tower Plaza | NAP | 5/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
28.04 | Property | 1 | 318 N 25th St | NAP | 4/20/2022 | NAP | NAP | Yes - AE, A1-A30 | Fee | NAP | NAP | NAP | NAP | ||||
28.05 | Property | 1 | 1201 Pontiac Court | NAP | 4/22/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | NAP | 2/16/2022 | NAP | NAP | Yes - AH | Fee | NAP | NAP | NAP | NAP | 90,915 | 12,988 | 13,110 |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 524,996 | 74,999 | 823,127 | ||||||||||
30.01 | Property | 1 | Fairfield Inn Orange Beach | NAP | 5/9/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
30.02 | Property | 1 | Beachside Gulf Shores | NAP | 5/9/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
30.03 | Property | 1 | Home2Suites Mobile | NAP | 6/3/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
30.04 | Property | 1 | Home2Suites Daphne | NAP | 6/3/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | NAP | 5/9/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
30.06 | Property | 1 | Gulf Shores Motel 6 | NAP | 5/9/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
30.07 | Property | 1 | Red Roof Pensacola | NAP | 7/15/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
30.08 | Property | 1 | Quality Inn Gulf Shores | NAP | 5/9/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
30.09 | Property | 1 | Red Roof Gulf Shores | NAP | 5/9/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | ||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 56,546 | 9,595 | 21,277 | ||||||||||
31.01 | Property | 1 | Copperas Cove | NAP | 5/6/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
31.02 | Property | 1 | Killeen | NAP | 5/6/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
31.03 | Property | 1 | Morgan's Point | NAP | 5/9/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
31.04 | Property | 1 | Temple | NAP | 5/6/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
32 | Loan | 1 | Bella Vista Village | NAP | 6/2/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 34,519 | 6,904 | 0 | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 57,547 | 7,193 | 59,950 | ||||||||||
33.01 | Property | 1 | Sunset Landing | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
33.02 | Property | 1 | Sunset Dunes | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
33.03 | Property | 1 | Sunset Estates | NAP | 6/23/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | 8/17/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 45,836 | 7,639 | 0 |
A-1-17 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 11,796 | 1,474 | 4,548 | ||||||||||
35.01 | Property | 1 | Island Estates I | NAP | 6/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
35.02 | Property | 1 | Cove Lake South | NAP | 6/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
35.03 | Property | 1 | Midtown Estates | NAP | 6/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
35.04 | Property | 1 | Island Estates II | NAP | 6/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
35.05 | Property | 1 | Cove Lake North | NAP | 6/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
36 | Loan | 1 | Super Mini Storage | NAP | 4/7/2022 | 4/11/2022 | 7% | No | Fee | NAP | NAP | NAP | NAP | 18,205 | 6,069 | 4,325 | |
37 | Loan | 10 | 1 | Village at Rankin | NAP | 7/5/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 34,340 | 3,615 | 7,919 |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAP | 5/3/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | 12/18/2019 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 20,456 | 10,228 | 3,934 |
40 | Loan | 1 | Crowley Village | NAP | 4/15/2022 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 28,114 | 4,686 | 15,365 | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 30,200 | 6,040 | 14,743 | ||||||||||
41.01 | Property | 1 | 4944-4946 North Harding Avenue | NAP | 3/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | NAP | 3/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | NAP | 3/16/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | 11/16/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 28,497 | 9,499 | 8,596 |
43 | Loan | 16 | 1 | Scotland Court Industrial | NAP | 3/14/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 13,543 | 4,514 | 3,950 |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NAP | 6/1/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 12,826 | 3,054 | 3,046 |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | 9/20/2021 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 8,870 | 2,534 | 17,065 |
46 | Loan | 10 | 1 | Valley Paradise | NAP | 8/2/2021 | 8/3/2021 | 11% | No | Fee | NAP | NAP | NAP | NAP | 7,398 | 2,466 | 5,093 |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | 4/26/2021 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 16,734 | 3,719 | 10,032 |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAP | 7/11/2022 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 10,699 | 2,038 | 1,972 |
A-1-18 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
19 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | Springing | 850,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,778,500 | Springing |
2 | Loan | 12 | 1 | Kingston Square Apartments | Springing | 0 | 8,717 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110,375 | 0 | 0 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | Springing | 1,100,000 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 12,400,000 | Springing |
3.01 | Property | 1 | Yorkshire Towers | ||||||||||||||
3.02 | Property | 1 | Lexington Towers | ||||||||||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | Springing | 0 | 31,336 | 1,130,000 | 3,000,000 | Springing | 1,500,000 | 0 | 0 | 0 | 319,158 | 6,290,083 | 0 |
4.01 | Property | 1 | Memphis, TN | ||||||||||||||
4.02 | Property | 1 | Wetumpka, AL | ||||||||||||||
4.03 | Property | 1 | Rockford, IL | ||||||||||||||
4.04 | Property | 1 | Iowa City, IA | ||||||||||||||
4.05 | Property | 1 | Versailles, KY | ||||||||||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | Springing | 153,875 | Springing | 153,875 | 3,000,000 | Springing | 3,000,000 | 0 | 0 | 0 | 0 | 1,722,456 | 0 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 3,940 | 0 | 2,979 | 0 | 250,000 | 5,959 | 500,000 | 0 | 0 | 0 | 26,778 | 557,012 | 0 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 20,845 | 0 | 13,293 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 122,375 | 2,500,000 | 0 |
7.01 | Property | 1 | Creekside Apartments | ||||||||||||||
7.02 | Property | 1 | Oak Glen Apartments | ||||||||||||||
7.03 | Property | 1 | Sterling Crossing Apartments | ||||||||||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | Springing | 0 | 4,487 | 100,000 | 0 | 22,436 | 1,346,165 | 0 | 0 | 0 | 0 | 0 | Springing |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | Springing | 0 | 6,494 | 0 | 1,000,000 | 48,703 | 0 | 0 | 0 | 0 | 0 | 857,573 | 0 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 3,080 | 50,000 | 2,258 | 81,276 | 0 | 11,296 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 7,634 | 0 | 3,457 | 82,960 | 0 | Springing | 540,000 | 0 | 0 | 0 | 89,375 | 0 | Springing |
12.01 | Property | 1 | Chandler Tech Center | ||||||||||||||
12.02 | Property | 1 | Winn Dixie Prairieville | ||||||||||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | Springing | 0 | Springing | 500,000 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 6,764 | 0 | 2,526 | 0 | 0 | 4,873 | 0 | 0 | 0 | 0 | 0 | 926,911 | 0 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | Springing | 0 | 14,627 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | ||||||||||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | ||||||||||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | Springing | 0 | 5,983 | 1,250,000 | 3,250,000 | 29,917 | 1,250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 9,481 | 0 | Springing | 0 | 3,331,584 | 35,151 | 1,000,000 | 0 | 0 | 0 | 489,945 | 0 | 0 |
17.01 | Property | 1 | Evergreen | ||||||||||||||
17.02 | Property | 1 | Empire A&B | ||||||||||||||
17.03 | Property | 1 | Lone Oak | ||||||||||||||
17.04 | Property | 1 | Mound | ||||||||||||||
17.05 | Property | 1 | Rochester | ||||||||||||||
17.06 | Property | 1 | Schoolcraft | ||||||||||||||
17.07 | Property | 1 | Wayne | ||||||||||||||
17.08 | Property | 1 | Jeffries | ||||||||||||||
17.09 | Property | 1 | Eckels | ||||||||||||||
17.10 | Property | 1 | Martel | ||||||||||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | Springing | 0 | 1,836 | 0 | 150,000 | 6,119 | 300,000 | 0 | 0 | 0 | 69,300 | 0 | 0 |
19 | Loan | 19 | 1 | Icon One Daytona | Springing | 0 | 5,875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 4,237 | 0 | 10,480 | 350,000 | 503,240 | 21,834 | 750,000 | 0 | 0 | 0 | 0 | 358,728 | 0 |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 0 | 0 | 253 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | Springing | 0 | 24,583 | 0 | 8,500,000 | Springing | 8,500,000 | 0 | 0 | 0 | 0 | 6,778,984 | Springing |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | Springing | 700,000 | Springing | 0 | 13,900,000 | Springing | 2,360,000 | 0 | 0 | 0 | 0 | 1,469,000 | 165,616 |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | Springing | 0 | 51,103 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,000,000 | Springing |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 6,983 | 1,264 | 1,264 | 15,173 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 1,606 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,784,030 | Springing |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | Springing | 0 | 830 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,393 | 0 | 0 |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | ||||||||||||||
28.02 | Property | 1 | 11825 Olive Street | ||||||||||||||
28.03 | Property | 1 | 201 Tower Plaza | ||||||||||||||
28.04 | Property | 1 | 318 N 25th St | ||||||||||||||
28.05 | Property | 1 | 1201 Pontiac Court | ||||||||||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 4,370 | 0 | 1,584 | 0 | 187,000 | Springing | 187,000 | 0 | 0 | 0 | 1,250 | 0 | 0 |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 137,188 | 139,871 | 139,871 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 96,612 | 2,264,688 | Springing |
30.01 | Property | 1 | Fairfield Inn Orange Beach | ||||||||||||||
30.02 | Property | 1 | Beachside Gulf Shores | ||||||||||||||
30.03 | Property | 1 | Home2Suites Mobile | ||||||||||||||
30.04 | Property | 1 | Home2Suites Daphne | ||||||||||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | ||||||||||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | ||||||||||||||
30.07 | Property | 1 | Red Roof Pensacola | ||||||||||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | ||||||||||||||
30.09 | Property | 1 | Red Roof Gulf Shores | ||||||||||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | 3,040 | 0 | 653 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,047 | 50,000 | 0 |
31.01 | Property | 1 | Copperas Cove | ||||||||||||||
31.02 | Property | 1 | Killeen | ||||||||||||||
31.03 | Property | 1 | Morgan's Point | ||||||||||||||
31.04 | Property | 1 | Temple | ||||||||||||||
32 | Loan | 1 | Bella Vista Village | Springing | 0 | 416 | 0 | 250,000 | Springing | 250,000 | 0 | 0 | 0 | 1,650 | 23,801 | 0 | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | 4,996 | 0 | 2,617 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86,538 | 22,050 | 0 |
33.01 | Property | 1 | Sunset Landing | ||||||||||||||
33.02 | Property | 1 | Sunset Dunes | ||||||||||||||
33.03 | Property | 1 | Sunset Estates | ||||||||||||||
34 | Loan | 1 | 1 | Warwick Self Storage | 0 | 0 | 637 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 0 | 0 |
A-1-19 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | 501 | 0 | 742 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146,000 | 600,000 | 0 |
35.01 | Property | 1 | Island Estates I | ||||||||||||||
35.02 | Property | 1 | Cove Lake South | ||||||||||||||
35.03 | Property | 1 | Midtown Estates | ||||||||||||||
35.04 | Property | 1 | Island Estates II | ||||||||||||||
35.05 | Property | 1 | Cove Lake North | ||||||||||||||
36 | Loan | 1 | Super Mini Storage | 1,442 | 0 | 767 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
37 | Loan | 10 | 1 | Village at Rankin | 3,167 | 0 | 3,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240,000 | 0 | 0 |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 1,311 | 0 | 930 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
40 | Loan | 1 | Crowley Village | 7,682 | 2,768 | 2,768 | 0 | 79,455 | 4,465 | 210,000 | 0 | 0 | 0 | 0 | 24,990 | 0 | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 1,290 | 0 | 859 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,625 | 0 | 0 |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | ||||||||||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | ||||||||||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | ||||||||||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | 2,331 | 700 | 700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
43 | Loan | 16 | 1 | Scotland Court Industrial | 439 | 277 | 277 | 9,973 | 1,555 | 1,555 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 414 | 0 | 87 | 0 | 0 | 138 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 3,103 | 0 | 1,225 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
46 | Loan | 10 | 1 | Valley Paradise | 926 | 0 | 805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
47 | Loan | 10 | 1 | Harbor View Apartments | 3,344 | 0 | 354 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 0 | 0 |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | 313 | 0 | 154 | 0 | 0 | 275 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-20 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
20 | |||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | Unit Upgrade Reserve (Upfront: $7,858,500), Supplemental Income Reserve (Upfront: $4,920,000; Monthly: Springing) | 0 | NAP |
2 | Loan | 12 | 1 | Kingston Square Apartments | 0 | NAP | |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | Unit Upgrade Reserve (Upfront: $6,500,000), Supplemental Income Reserve (Upfront: $5,900,000; Monthly: Springing) | 0 | NAP |
3.01 | Property | 1 | Yorkshire Towers | ||||
3.02 | Property | 1 | Lexington Towers | ||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | Earn-out Reserve ($5,000,000), Unfunded Obligations Reserve ($1,290,083) | 0 | 5,000,000 |
4.01 | Property | 1 | Memphis, TN | ||||
4.02 | Property | 1 | Wetumpka, AL | ||||
4.03 | Property | 1 | Rockford, IL | ||||
4.04 | Property | 1 | Iowa City, IA | ||||
4.05 | Property | 1 | Versailles, KY | ||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | Existing TI/LC Obligations Reserve ($1,337,150), Rent Concession Reserve ($385,305.98) | 0 | NAP |
6 | Loan | 23 | 1 | Center Pointe Plaza I | Boot Barn Tenant Improvement Funds ($367,850), Cheddars Leasing Commission Reserve ($110,250), Cheddars Rent Abatement ($78,912) | 0 | NAP |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | Economic Holdback Reserve | 0 | 2,500,000 |
7.01 | Property | 1 | Creekside Apartments | ||||
7.02 | Property | 1 | Oak Glen Apartments | ||||
7.03 | Property | 1 | Sterling Crossing Apartments | ||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | Specified Tenant Reserve | 11,800,000 | NAP |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | Unfunded Obligations Reserve ($622,047), Gap Rent Reserve ($235,526) | 0 | NAP |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 0 | NAP | |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 0 | NAP | |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | Roof Repair Reserve (one time payment of $315,000.00) | 0 | NAP |
12.01 | Property | 1 | Chandler Tech Center | ||||
12.02 | Property | 1 | Winn Dixie Prairieville | ||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 0 | NAP | |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | Economic Holdback Achievement Reserve ($920,000.00), Free Rent Reserve ($6,910.80) | 0 | 920,000 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | PIP Reserve | 0 | NAP |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | ||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | ||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 0 | NAP | |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 0 | NAP | |
17.01 | Property | 1 | Evergreen | ||||
17.02 | Property | 1 | Empire A&B | ||||
17.03 | Property | 1 | Lone Oak | ||||
17.04 | Property | 1 | Mound | ||||
17.05 | Property | 1 | Rochester | ||||
17.06 | Property | 1 | Schoolcraft | ||||
17.07 | Property | 1 | Wayne | ||||
17.08 | Property | 1 | Jeffries | ||||
17.09 | Property | 1 | Eckels | ||||
17.10 | Property | 1 | Martel | ||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | 0 | NAP | |
19 | Loan | 19 | 1 | Icon One Daytona | 0 | NAP | |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | Specified TI/LC Reserve (Upfront: $227,772.85), Shoe Show/Bath & Body Works Reserve (Upfront: $130,954.70) | 0 | NAP |
21 | Loan | 10 | 1 | Union and Chapin Industrial | 0 | NAP | |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | Outstanding Obligations Reserve (Upfront: $6,778,984), Put Price Reserve (Monthly: Springing) | 0 | NAP |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | Significant Tenant Rent Replication Reserve (Upfront: $1,258,196.33), Ground Rent Reserve (Upfront: $165,615.50; Monthly: $165,615.50), Free Rent Reserve (Upfront: $45,188) | 0 | NAP |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | Performance Reserve (Upfront: $12,000,000), PIP Reserve (Springing) | 0 | 12,000,000 |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 0 | NAP | |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | PIP Reserve: on the date that any PIP is imposed by the Franchisor pursuant to the Franchise Agreement, the Borrower must deposit an amount equal to 125% of the sum required to pay for such PIP | 0 | NAP |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | 0 | NAP | |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | 0 | NAP | |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | ||||
28.02 | Property | 1 | 11825 Olive Street | ||||
28.03 | Property | 1 | 201 Tower Plaza | ||||
28.04 | Property | 1 | 318 N 25th St | ||||
28.05 | Property | 1 | 1201 Pontiac Court | ||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | 0 | NAP | |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | Seasonality Reserve (Upfront: $850,000, Monthly: Springing), PIP Reserve (Upfront: $1,164,688), Beachside Improvements Reserve (Upfront: $250,000) | Seasonality Reserve ($850,000) | NAP |
30.01 | Property | 1 | Fairfield Inn Orange Beach | ||||
30.02 | Property | 1 | Beachside Gulf Shores | ||||
30.03 | Property | 1 | Home2Suites Mobile | ||||
30.04 | Property | 1 | Home2Suites Daphne | ||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | ||||
30.06 | Property | 1 | Gulf Shores Motel 6 | ||||
30.07 | Property | 1 | Red Roof Pensacola | ||||
30.08 | Property | 1 | Quality Inn Gulf Shores | ||||
30.09 | Property | 1 | Red Roof Gulf Shores | ||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | Self-Storage Interest Reserve Funds | 0 | NAP |
31.01 | Property | 1 | Copperas Cove | ||||
31.02 | Property | 1 | Killeen | ||||
31.03 | Property | 1 | Morgan's Point | ||||
31.04 | Property | 1 | Temple | ||||
32 | Loan | 1 | Bella Vista Village | Free Rent Reserve | 0 | NAP | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | STR Reserve | 0 | NAP |
33.01 | Property | 1 | Sunset Landing | ||||
33.02 | Property | 1 | Sunset Dunes | ||||
33.03 | Property | 1 | Sunset Estates | ||||
34 | Loan | 1 | 1 | Warwick Self Storage | 0 | NAP |
A-1-21 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | Performance Reserve | 0 | NAP |
35.01 | Property | 1 | Island Estates I | ||||
35.02 | Property | 1 | Cove Lake South | ||||
35.03 | Property | 1 | Midtown Estates | ||||
35.04 | Property | 1 | Island Estates II | ||||
35.05 | Property | 1 | Cove Lake North | ||||
36 | Loan | 1 | Super Mini Storage | 0 | NAP | ||
37 | Loan | 10 | 1 | Village at Rankin | 0 | NAP | |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | Trigger Lease Reserve | 217,420 | NAP |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | 0 | NAP | |
40 | Loan | 1 | Crowley Village | Dollar Tree Funds Reserve | 0 | NAP | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | 0 | NAP | |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | ||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | ||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | ||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | 0 | NAP | |
43 | Loan | 16 | 1 | Scotland Court Industrial | 0 | NAP | |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | 0 | NAP | |
45 | Loan | 10 | 1 | Greenhaven Townhouses | 0 | NAP | |
46 | Loan | 10 | 1 | Valley Paradise | 0 | NAP | |
47 | Loan | 10 | 1 | Harbor View Apartments | 0 | NAP | |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | 0 | NAP |
A-1-22 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management |
26 | 26 | ||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | NAP | Soft (Residential); Hard (Commercial) | In Place |
2 | Loan | 12 | 1 | Kingston Square Apartments | NAP | Springing | Springing |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | NAP | Soft (Residential); Hard (Commercial) | In Place |
3.01 | Property | 1 | Yorkshire Towers | ||||
3.02 | Property | 1 | Lexington Towers | ||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | $5,000,000 deposited into the Earn-out Reserve to be distributed to the borrower upon certain conditions in the loan agreement | Hard | Springing |
4.01 | Property | 1 | Memphis, TN | ||||
4.02 | Property | 1 | Wetumpka, AL | ||||
4.03 | Property | 1 | Rockford, IL | ||||
4.04 | Property | 1 | Iowa City, IA | ||||
4.05 | Property | 1 | Versailles, KY | ||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | NAP | Hard | Springing |
6 | Loan | 23 | 1 | Center Pointe Plaza I | NAP | Springing | Springing |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | $2,500,000 deposited into the Economic Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement | Springing | Springing |
7.01 | Property | 1 | Creekside Apartments | ||||
7.02 | Property | 1 | Oak Glen Apartments | ||||
7.03 | Property | 1 | Sterling Crossing Apartments | ||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | NAP | Hard | Springing |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | NAP | Hard | Springing |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | NAP | Hard | Springing |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | NAP | Hard | Springing |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | NAP | Springing | Springing |
12.01 | Property | 1 | Chandler Tech Center | ||||
12.02 | Property | 1 | Winn Dixie Prairieville | ||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | NAP | Hard | In Place |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | $920,000 deposited into the Economic Holdback Achievement Reserve to be distributed to the borrower upon certain conditions in the loan agreement | Soft (Residential); Hard (Commercial) | Springing |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | NAP | Springing | Springing |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | ||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | ||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | NAP | Soft Springing | Springing |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | NAP | Hard | In Place |
17.01 | Property | 1 | Evergreen | ||||
17.02 | Property | 1 | Empire A&B | ||||
17.03 | Property | 1 | Lone Oak | ||||
17.04 | Property | 1 | Mound | ||||
17.05 | Property | 1 | Rochester | ||||
17.06 | Property | 1 | Schoolcraft | ||||
17.07 | Property | 1 | Wayne | ||||
17.08 | Property | 1 | Jeffries | ||||
17.09 | Property | 1 | Eckels | ||||
17.10 | Property | 1 | Martel | ||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | NAP | Soft Springing | In Place |
19 | Loan | 19 | 1 | Icon One Daytona | NAP | None | None |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | NAP | Springing | Springing |
21 | Loan | 10 | 1 | Union and Chapin Industrial | NAP | Hard | Springing |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | NAP | Hard | Springing |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | NAP | Hard | Springing |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | $12,000,000 deposited into the Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement. | Hard | Springing |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | NAP | Hard | Springing |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | NAP | Hard | Springing |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | Springing | Springing |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | NAP | Springing | Springing |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | ||||
28.02 | Property | 1 | 11825 Olive Street | ||||
28.03 | Property | 1 | 201 Tower Plaza | ||||
28.04 | Property | 1 | 318 N 25th St | ||||
28.05 | Property | 1 | 1201 Pontiac Court | ||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | NAP | Springing | Springing |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | NAP | Springing | Springing |
30.01 | Property | 1 | Fairfield Inn Orange Beach | ||||
30.02 | Property | 1 | Beachside Gulf Shores | ||||
30.03 | Property | 1 | Home2Suites Mobile | ||||
30.04 | Property | 1 | Home2Suites Daphne | ||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | ||||
30.06 | Property | 1 | Gulf Shores Motel 6 | ||||
30.07 | Property | 1 | Red Roof Pensacola | ||||
30.08 | Property | 1 | Quality Inn Gulf Shores | ||||
30.09 | Property | 1 | Red Roof Gulf Shores | ||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | NAP | Soft | Springing |
31.01 | Property | 1 | Copperas Cove | ||||
31.02 | Property | 1 | Killeen | ||||
31.03 | Property | 1 | Morgan's Point | ||||
31.04 | Property | 1 | Temple | ||||
32 | Loan | 1 | Bella Vista Village | NAP | Hard | Springing | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | NAP | Springing | Springing |
33.01 | Property | 1 | Sunset Landing | ||||
33.02 | Property | 1 | Sunset Dunes | ||||
33.03 | Property | 1 | Sunset Estates | ||||
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | Springing | Springing |
A-1-23 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | NAP | Springing | Springing |
35.01 | Property | 1 | Island Estates I | ||||
35.02 | Property | 1 | Cove Lake South | ||||
35.03 | Property | 1 | Midtown Estates | ||||
35.04 | Property | 1 | Island Estates II | ||||
35.05 | Property | 1 | Cove Lake North | ||||
36 | Loan | 1 | Super Mini Storage | NAP | Springing | Springing | |
37 | Loan | 10 | 1 | Village at Rankin | NAP | Springing | Springing |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAP | Hard | Springing |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | Springing | Springing |
40 | Loan | 1 | Crowley Village | NAP | Springing | Springing | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | NAP | Springing | Springing |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | ||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | ||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | ||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | Springing | Springing |
43 | Loan | 16 | 1 | Scotland Court Industrial | NAP | Springing | Springing |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NAP | Springing | Springing |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | Soft | In Place |
46 | Loan | 10 | 1 | Valley Paradise | NAP | Springing | Springing |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | Soft | In Place |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAP | Springing | Springing |
A-1-24 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate |
9 | 9 | |||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | Yes | No | Yes | No | 37,500,000 | 150,000,000 | 589,322.92 | 736,653.65 | 177,500,000 | 4.65000% |
2 | Loan | 12 | 1 | Kingston Square Apartments | Yes | No | Yes | Yes | 37,000,000 | 14,000,000 | 68,843.06 | 250,785.42 | NAP | NAP |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | Yes | No | Yes | No | 37,000,000 | 281,000,000 | 721,753.70 | 816,788.89 | 221,500,000 | 3.04000% |
3.01 | Property | 1 | Yorkshire Towers | |||||||||||
3.02 | Property | 1 | Lexington Towers | |||||||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | Yes | Yes | Yes | Yes | 37,000,000 | 38,000,000 | 196,395.35 | 387,622.40 | NAP | NAP |
4.01 | Property | 1 | Memphis, TN | |||||||||||
4.02 | Property | 1 | Wetumpka, AL | |||||||||||
4.03 | Property | 1 | Rockford, IL | |||||||||||
4.04 | Property | 1 | Iowa City, IA | |||||||||||
4.05 | Property | 1 | Versailles, KY | |||||||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 23 | 1 | Center Pointe Plaza I | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | 1 | Creekside Apartments | |||||||||||
7.02 | Property | 1 | Oak Glen Apartments | |||||||||||
7.03 | Property | 1 | Sterling Crossing Apartments | |||||||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | Yes | Yes | Yes | No | 30,000,000 | 68,000,000 | 346,445.83 | 499,289.58 | NAP | NAP |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | Yes | Yes | Yes | No | 30,000,000 | 43,000,000 | 207,813.43 | 352,799.54 | NAP | NAP |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | Yes | Yes | Yes | Yes | 27,500,000 | 32,500,000 | 169,425.06 | 312,784.72 | NAP | NAP |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Chandler Tech Center | |||||||||||
12.02 | Property | 1 | Winn Dixie Prairieville | |||||||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | |||||||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | |||||||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | Yes | Yes | Yes | No | 20,000,000 | 75,000,000 | 234,461.80 | 296,984.95 | NAP | NAP |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | Yes | Yes | Yes | No | 20,000,000 | 39,900,000 | 185,752.04 | 278,860.84 | NAP | NAP |
17.01 | Property | 1 | Evergreen | |||||||||||
17.02 | Property | 1 | Empire A&B | |||||||||||
17.03 | Property | 1 | Lone Oak | |||||||||||
17.04 | Property | 1 | Mound | |||||||||||
17.05 | Property | 1 | Rochester | |||||||||||
17.06 | Property | 1 | Schoolcraft | |||||||||||
17.07 | Property | 1 | Wayne | |||||||||||
17.08 | Property | 1 | Jeffries | |||||||||||
17.09 | Property | 1 | Eckels | |||||||||||
17.10 | Property | 1 | Martel | |||||||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 19 | 1 | Icon One Daytona | No | No | Yes | No | 15,000,000 | 35,000,000 | 111,485.54 | 159,265.05 | NAP | NAP |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | Yes | Yes | Yes | No | 11,848,574 | 9,656,588 | 47,143.40 | 104,988.07 | NAP | NAP |
21 | Loan | 10 | 1 | Union and Chapin Industrial | No | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | Yes | Yes | Yes | No | 10,000,000 | 200,000,000 | 863,495.37 | 906,670.14 | NAP | NAP |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | Yes | Yes | Yes | No | 10,000,000 | 67,500,000 | 187,062.50 | 214,775.46 | 76,250,000 | 3.28000% |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | Yes | No | Yes | No | 10,000,000 | 47,500,000 | 281,739.84 | 341,053.49 | NAP | NAP |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | Yes | Yes | Yes | No | 10,000,000 | 20,000,000 | 95,136.57 | 142,704.86 | NAP | NAP |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | |||||||||||
28.02 | Property | 1 | 11825 Olive Street | |||||||||||
28.03 | Property | 1 | 201 Tower Plaza | |||||||||||
28.04 | Property | 1 | 318 N 25th St | |||||||||||
28.05 | Property | 1 | 1201 Pontiac Court | |||||||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | Yes | No | Yes | No | 7,250,000 | 55,750,000 | 336,438.96 | 380,191.11 | NAP | NAP |
30.01 | Property | 1 | Fairfield Inn Orange Beach | |||||||||||
30.02 | Property | 1 | Beachside Gulf Shores | |||||||||||
30.03 | Property | 1 | Home2Suites Mobile | |||||||||||
30.04 | Property | 1 | Home2Suites Daphne | |||||||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | |||||||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | |||||||||||
30.07 | Property | 1 | Red Roof Pensacola | |||||||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | |||||||||||
30.09 | Property | 1 | Red Roof Gulf Shores | |||||||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31.01 | Property | 1 | Copperas Cove | |||||||||||
31.02 | Property | 1 | Killeen | |||||||||||
31.03 | Property | 1 | Morgan's Point | |||||||||||
31.04 | Property | 1 | Temple | |||||||||||
32 | Loan | 1 | Bella Vista Village | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33.01 | Property | 1 | Sunset Landing | |||||||||||
33.02 | Property | 1 | Sunset Dunes | |||||||||||
33.03 | Property | 1 | Sunset Estates | |||||||||||
34 | Loan | 1 | 1 | Warwick Self Storage | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-25 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35.01 | Property | 1 | Island Estates I | |||||||||||
35.02 | Property | 1 | Cove Lake South | |||||||||||
35.03 | Property | 1 | Midtown Estates | |||||||||||
35.04 | Property | 1 | Island Estates II | |||||||||||
35.05 | Property | 1 | Cove Lake North | |||||||||||
36 | Loan | 1 | Super Mini Storage | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 10 | 1 | Village at Rankin | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 1 | Crowley Village | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | |||||||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | |||||||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | |||||||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 16 | 1 | Scotland Court Industrial | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 10 | 1 | Greenhaven Townhouses | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 10 | 1 | Valley Paradise | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 10 | 1 | Harbor View Apartments | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-26 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) |
9 | 13 | 9 | 13 | ||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 365,000,000 | 1,434,019.10 | 63.5% | 1.34 | 6.3% | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 12 | 1 | Kingston Square Apartments | 51,000,000 | 250,785.42 | 59.5% | 1.53 | 9.2% | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 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 |
3.01 | Property | 1 | Yorkshire Towers | ||||||||||||
3.02 | Property | 1 | Lexington Towers | ||||||||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 75,000,000 | 387,622.40 | 41.2% | 1.48 | 10.6% | NAP | NAP | NAP | NAP | NAP | NAP |
4.01 | Property | 1 | Memphis, TN | ||||||||||||
4.02 | Property | 1 | Wetumpka, AL | ||||||||||||
4.03 | Property | 1 | Rockford, IL | ||||||||||||
4.04 | Property | 1 | Iowa City, IA | ||||||||||||
4.05 | Property | 1 | Versailles, KY | ||||||||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 23 | 1 | Center Pointe Plaza I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | 1 | Creekside Apartments | ||||||||||||
7.02 | Property | 1 | Oak Glen Apartments | ||||||||||||
7.03 | Property | 1 | Sterling Crossing Apartments | ||||||||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 98,000,000 | 499,289.58 | 52.4% | 1.41 | 9.4% | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 73,000,000 | 352,799.54 | 59.4% | 1.60 | 10.2% | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 60,000,000 | 312,784.72 | 53.1% | 1.71 | 10.7% | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Chandler Tech Center | ||||||||||||
12.02 | Property | 1 | Winn Dixie Prairieville | ||||||||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | ||||||||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | ||||||||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | 95,000,000 | 296,984.95 | 62.1% | 2.34 | 8.9% | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | 59,900,000 | 278,860.84 | 68.1% | 1.59 | 9.4% | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | 1 | Evergreen | ||||||||||||
17.02 | Property | 1 | Empire A&B | ||||||||||||
17.03 | Property | 1 | Lone Oak | ||||||||||||
17.04 | Property | 1 | Mound | ||||||||||||
17.05 | Property | 1 | Rochester | ||||||||||||
17.06 | Property | 1 | Schoolcraft | ||||||||||||
17.07 | Property | 1 | Wayne | ||||||||||||
17.08 | Property | 1 | Jeffries | ||||||||||||
17.09 | Property | 1 | Eckels | ||||||||||||
17.10 | Property | 1 | Martel | ||||||||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 19 | 1 | Icon One Daytona | 50,000,000 | 159,265.05 | 68.6% | 2.04 | 7.9% | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | 21,505,162 | 104,988.07 | 66.0% | 1.93 | 12.8% | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 10 | 1 | Union and Chapin Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | 210,000,000 | 906,670.14 | 62.6% | 1.68 | 9.4% | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | 153,750,000 | 426,086.81 | 63.0% | 2.56 | 8.5% | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 57,500,000 | 341,053.49 | 50.8% | 1.45 | 14.7% | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | 30,000,000 | 142,704.86 | 60.6% | 1.60 | 9.2% | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | ||||||||||||
28.02 | Property | 1 | 11825 Olive Street | ||||||||||||
28.03 | Property | 1 | 201 Tower Plaza | ||||||||||||
28.04 | Property | 1 | 318 N 25th St | ||||||||||||
28.05 | Property | 1 | 1201 Pontiac Court | ||||||||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | 63,000,000 | 380,191.11 | 46.9% | 2.06 | 16.4% | NAP | NAP | NAP | NAP | NAP | NAP |
30.01 | Property | 1 | Fairfield Inn Orange Beach | ||||||||||||
30.02 | Property | 1 | Beachside Gulf Shores | ||||||||||||
30.03 | Property | 1 | Home2Suites Mobile | ||||||||||||
30.04 | Property | 1 | Home2Suites Daphne | ||||||||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | ||||||||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | ||||||||||||
30.07 | Property | 1 | Red Roof Pensacola | ||||||||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | ||||||||||||
30.09 | Property | 1 | Red Roof Gulf Shores | ||||||||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31.01 | Property | 1 | Copperas Cove | ||||||||||||
31.02 | Property | 1 | Killeen | ||||||||||||
31.03 | Property | 1 | Morgan's Point | ||||||||||||
31.04 | Property | 1 | Temple | ||||||||||||
32 | Loan | 1 | Bella Vista Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33.01 | Property | 1 | Sunset Landing | ||||||||||||
33.02 | Property | 1 | Sunset Dunes | ||||||||||||
33.03 | Property | 1 | Sunset Estates | ||||||||||||
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-27 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35.01 | Property | 1 | Island Estates I | ||||||||||||
35.02 | Property | 1 | Cove Lake South | ||||||||||||
35.03 | Property | 1 | Midtown Estates | ||||||||||||
35.04 | Property | 1 | Island Estates II | ||||||||||||
35.05 | Property | 1 | Cove Lake North | ||||||||||||
36 | Loan | 1 | Super Mini Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 10 | 1 | Village at Rankin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 1 | Crowley Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | ||||||||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | ||||||||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | ||||||||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 16 | 1 | Scotland Court Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 10 | 1 | Valley Paradise | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-28 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor |
13 | 13 | |||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | NAP | No | NAP | Meyer Chetrit and Amended and Restated 2013 LG Revocable Trust |
2 | Loan | 12 | 1 | Kingston Square Apartments | NAP | No | NAP | Joel Werzberger |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 5.0% | No | NAP | Meyer Chetrit and The Gluck Family Trust U/A/D July 16, 2009 |
3.01 | Property | 1 | Yorkshire Towers | |||||
3.02 | Property | 1 | Lexington Towers | |||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | NAP | Yes | Future Mezzanine Loan | Phoenix Investors |
4.01 | Property | 1 | Memphis, TN | |||||
4.02 | Property | 1 | Wetumpka, AL | |||||
4.03 | Property | 1 | Rockford, IL | |||||
4.04 | Property | 1 | Iowa City, IA | |||||
4.05 | Property | 1 | Versailles, KY | |||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | NAP | Yes | Future Mezzanine Loan | Mitchell Adelstein, Robert Friedberg and Brad Gillman |
6 | Loan | 23 | 1 | Center Pointe Plaza I | NAP | No | NAP | Joanne M. Capano |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | NAP | No | NAP | Gary W. Gates, Jr. |
7.01 | Property | 1 | Creekside Apartments | |||||
7.02 | Property | 1 | Oak Glen Apartments | |||||
7.03 | Property | 1 | Sterling Crossing Apartments | |||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | NAP | No | NAP | Martin Meyer |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | NAP | No | NAP | Jeffrey J. Feil and Abraham (Axel) Stawski |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | NAP | No | NAP | Lee Neibart and William Mack |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | NAP | No | NAP | Alan Goldsmith, Ronald Lederman and Jason Golnick |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | NAP | No | NAP | Kenneth Levy and Kenneth Levy, as Trustee of The Levy Family Trust Dated February 18, 1983, as Amended |
12.01 | Property | 1 | Chandler Tech Center | |||||
12.02 | Property | 1 | Winn Dixie Prairieville | |||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | NAP | No | NAP | James Nadel and Lorri Nadel |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | NAP | No | NAP | Milan Rubenstein |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | NAP | No | NAP | Shawn Doyle and SKD Family Trust |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | |||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | |||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | NAP | No | NAP | Eric Sahn |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | NAP | No | NAP | Gavriel Alexander and Abraham Guttman |
17.01 | Property | 1 | Evergreen | |||||
17.02 | Property | 1 | Empire A&B | |||||
17.03 | Property | 1 | Lone Oak | |||||
17.04 | Property | 1 | Mound | |||||
17.05 | Property | 1 | Rochester | |||||
17.06 | Property | 1 | Schoolcraft | |||||
17.07 | Property | 1 | Wayne | |||||
17.08 | Property | 1 | Jeffries | |||||
17.09 | Property | 1 | Eckels | |||||
17.10 | Property | 1 | Martel | |||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | NAP | No | NAP | Leo S. Ullman |
19 | Loan | 19 | 1 | Icon One Daytona | NAP | No | NAP | Prime Hospitality Group IV, LLC |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | NAP | No | NAP | Jay Peirick |
21 | Loan | 10 | 1 | Union and Chapin Industrial | NAP | No | NAP | Andrew Wilson and Matthew Stewart |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | NAP | No | NAP | Ralph Zucker and Jozef Straus |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | NAP | No | NAP | Steven J. Pozycki and David Werner |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | NAP | No | NAP | Prime Hospitality Group III, LLC |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | NAP | No | NAP | EmPRO Insurance Company |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | NAP | No | NAP | Pravin Kotadia and Sridhar Marupudi |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | No | NAP | W. Whitney Graham |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | NAP | No | NAP | B. Jeremy Kaufman |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | |||||
28.02 | Property | 1 | 11825 Olive Street | |||||
28.03 | Property | 1 | 201 Tower Plaza | |||||
28.04 | Property | 1 | 318 N 25th St | |||||
28.05 | Property | 1 | 1201 Pontiac Court | |||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | NAP | No | NAP | Antonio Hernandez |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | NAP | No | NAP | Virendra Patel |
30.01 | Property | 1 | Fairfield Inn Orange Beach | |||||
30.02 | Property | 1 | Beachside Gulf Shores | |||||
30.03 | Property | 1 | Home2Suites Mobile | |||||
30.04 | Property | 1 | Home2Suites Daphne | |||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | |||||
30.06 | Property | 1 | Gulf Shores Motel 6 | |||||
30.07 | Property | 1 | Red Roof Pensacola | |||||
30.08 | Property | 1 | Quality Inn Gulf Shores | |||||
30.09 | Property | 1 | Red Roof Gulf Shores | |||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | NAP | No | NAP | Paul Broaddus, Jose A. Castaneda, William S. Harvey and Robert Efaw |
31.01 | Property | 1 | Copperas Cove | |||||
31.02 | Property | 1 | Killeen | |||||
31.03 | Property | 1 | Morgan's Point | |||||
31.04 | Property | 1 | Temple | |||||
32 | Loan | 1 | Bella Vista Village | NAP | No | NAP | Time Equities, Inc. | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | NAP | No | NAP | Diane L. Schmidt and Matthew J. Schmidt |
33.01 | Property | 1 | Sunset Landing | |||||
33.02 | Property | 1 | Sunset Dunes | |||||
33.03 | Property | 1 | Sunset Estates | |||||
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | No | NAP | W. Whitney Graham |
A-1-29 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | NAP | No | NAP | Abraham Anderson |
35.01 | Property | 1 | Island Estates I | |||||
35.02 | Property | 1 | Cove Lake South | |||||
35.03 | Property | 1 | Midtown Estates | |||||
35.04 | Property | 1 | Island Estates II | |||||
35.05 | Property | 1 | Cove Lake North | |||||
36 | Loan | 1 | Super Mini Storage | NAP | No | NAP | James R. Patterson | |
37 | Loan | 10 | 1 | Village at Rankin | NAP | No | NAP | Edward Modzel, Jennifer Barner and Adam Balsinger |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAP | No | NAP | Arnold Gumowitz |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | No | NAP | Michael Stein |
40 | Loan | 1 | Crowley Village | NAP | No | NAP | Marion P. Lasala | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | NAP | No | NAP | Samuel Block |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | |||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | |||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | |||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | No | NAP | Nicholas Good, Douglas Fox and Alexander Varela |
43 | Loan | 16 | 1 | Scotland Court Industrial | NAP | No | NAP | Brian C. Moore |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NAP | Yes | Future Mezzanine Loan | Abe Cohen |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | No | NAP | Frank Sinito |
46 | Loan | 10 | 1 | Valley Paradise | NAP | No | NAP | David Azouz and David Azouz and Caroline Azouz, as Co-Trustee of the Azouz 2000 Revocable Trusted Dated April 4, 2000 |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | No | NAP | Jered DaCosta |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAP | Yes | Future Mezzanine Loan | Abe Cohen |
A-1-30 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor |
24 | |||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | Meyer Chetrit and Amended and Restated 2013 LG Revocable Trust |
2 | Loan | 12 | 1 | Kingston Square Apartments | Joel Werzberger |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | Meyer Chetrit and The Gluck Family Trust U/A/D July 16, 2009 |
3.01 | Property | 1 | Yorkshire Towers | ||
3.02 | Property | 1 | Lexington Towers | ||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | Irrevocable Children's Trust Dated 7/22/91 and Irrevocable Children's Trust No. 2 Dated 7/22/91 |
4.01 | Property | 1 | Memphis, TN | ||
4.02 | Property | 1 | Wetumpka, AL | ||
4.03 | Property | 1 | Rockford, IL | ||
4.04 | Property | 1 | Iowa City, IA | ||
4.05 | Property | 1 | Versailles, KY | ||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | Mitchell Adelstein, Robert Friedberg and Brad Gillman |
6 | Loan | 23 | 1 | Center Pointe Plaza I | Joanne M. Capano |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | Gary W. Gates, Jr. |
7.01 | Property | 1 | Creekside Apartments | ||
7.02 | Property | 1 | Oak Glen Apartments | ||
7.03 | Property | 1 | Sterling Crossing Apartments | ||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | Martin Meyer |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | Jeffrey J. Feil and Abraham (Axel) Stawski |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | WRS Advisors IV LLC |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | Alan Goldsmith, Ronald Lederman and Jason Golnick |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | Kenneth Levy and Kenneth Levy, as Trustee of The Levy Family Trust Dated February 18, 1983, as Amended |
12.01 | Property | 1 | Chandler Tech Center | ||
12.02 | Property | 1 | Winn Dixie Prairieville | ||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | James Nadel and Lorri Nadel |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | Milan Rubenstein |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | Shawn Doyle and SKD Family Trust |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | ||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | ||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | Eric Sahn |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | Gavriel Alexander and Abraham Guttman |
17.01 | Property | 1 | Evergreen | ||
17.02 | Property | 1 | Empire A&B | ||
17.03 | Property | 1 | Lone Oak | ||
17.04 | Property | 1 | Mound | ||
17.05 | Property | 1 | Rochester | ||
17.06 | Property | 1 | Schoolcraft | ||
17.07 | Property | 1 | Wayne | ||
17.08 | Property | 1 | Jeffries | ||
17.09 | Property | 1 | Eckels | ||
17.10 | Property | 1 | Martel | ||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | Leo S. Ullman |
19 | Loan | 19 | 1 | Icon One Daytona | Prime Hospitality Group, LLC |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | Jay Peirick |
21 | Loan | 10 | 1 | Union and Chapin Industrial | Andrew Wilson and Matthew Stewart |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | Ralph Zucker and Jozef Straus |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | Steven J. Pozycki and David Werner |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | Prime Hospitality Group, LLC |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | EmPRO Insurance Company |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | Pravin Kotadia and Sridhar Marupudi |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | W. Whitney Graham |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | B. Jeremy Kaufman |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | ||
28.02 | Property | 1 | 11825 Olive Street | ||
28.03 | Property | 1 | 201 Tower Plaza | ||
28.04 | Property | 1 | 318 N 25th St | ||
28.05 | Property | 1 | 1201 Pontiac Court | ||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | Antonio Hernandez |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | Virendra Patel |
30.01 | Property | 1 | Fairfield Inn Orange Beach | ||
30.02 | Property | 1 | Beachside Gulf Shores | ||
30.03 | Property | 1 | Home2Suites Mobile | ||
30.04 | Property | 1 | Home2Suites Daphne | ||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | ||
30.06 | Property | 1 | Gulf Shores Motel 6 | ||
30.07 | Property | 1 | Red Roof Pensacola | ||
30.08 | Property | 1 | Quality Inn Gulf Shores | ||
30.09 | Property | 1 | Red Roof Gulf Shores | ||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | Paul Broaddus, Jose A. Castaneda, William S. Harvey and Robert Efaw |
31.01 | Property | 1 | Copperas Cove | ||
31.02 | Property | 1 | Killeen | ||
31.03 | Property | 1 | Morgan's Point | ||
31.04 | Property | 1 | Temple | ||
32 | Loan | 1 | Bella Vista Village | Francis J. Greenburger | |
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | Diane L. Schmidt and Matthew J. Schmidt |
33.01 | Property | 1 | Sunset Landing | ||
33.02 | Property | 1 | Sunset Dunes | ||
33.03 | Property | 1 | Sunset Estates | ||
34 | Loan | 1 | 1 | Warwick Self Storage | W. Whitney Graham |
A-1-31 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | Abraham Anderson |
35.01 | Property | 1 | Island Estates I | ||
35.02 | Property | 1 | Cove Lake South | ||
35.03 | Property | 1 | Midtown Estates | ||
35.04 | Property | 1 | Island Estates II | ||
35.05 | Property | 1 | Cove Lake North | ||
36 | Loan | 1 | Super Mini Storage | James R. Patterson | |
37 | Loan | 10 | 1 | Village at Rankin | Edward Modzel, Jennifer Barner and Adam Balsinger |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | Arnold Gumowitz |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | Michael Stein |
40 | Loan | 1 | Crowley Village | Marion P. Lasala | |
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | Samuel Block |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | ||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | ||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | ||
42 | Loan | 4, 16 | 1 | Denton Multifamily | Nicholas Good, Douglas Fox and Alexander Varela |
43 | Loan | 16 | 1 | Scotland Court Industrial | Brian C. Moore, Brian C. Moore, as Co-Trustor and Co-Trustee of The Moore Family Living Trust Dated October 20, 2011 and Lisa G. Moore, as Co-Trustor and Co-Trustee of The Moore Family Living Trust Dated October 20, 2011 |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | Abe Cohen |
45 | Loan | 10 | 1 | Greenhaven Townhouses | Frank Sinito |
46 | Loan | 10 | 1 | Valley Paradise | David Azouz and David Azouz and Caroline Azouz, as Co-Trustee of the Azouz 2000 Revocable Trusted Dated April 4, 2000 |
47 | Loan | 10 | 1 | Harbor View Apartments | Jered DaCosta |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | Abe Cohen |
A-1-32 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) |
34 | 29 | ||||||||||||||||||
1 | Loan | 1, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | No | Yes | Refinance | No | 187,500,000 | 15,813,033 | 177,500,000 | 0 | 380,813,033 | 321,864,741 | 0 | 44,400,316 | 14,547,976 | 0 | 0 |
2 | Loan | 12 | 1 | Kingston Square Apartments | No | No | Recapitalization | No | 51,000,000 | 15,000,000 | 0 | 0 | 66,000,000 | 35,230,067 | 0 | 606,220 | 264,925 | 14,898,788 | 15,000,000 |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | No | Yes | Refinance | 318,000,000 | 0 | 396,000,000 | 0 | 714,000,000 | 545,268,671 | 0 | 93,214,219 | 20,258,785 | 55,258,325 | 0 | |
3.01 | Property | 1 | Yorkshire Towers | No | |||||||||||||||
3.02 | Property | 1 | Lexington Towers | No | |||||||||||||||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | No | No | Refinance | 75,000,000 | 0 | 0 | 0 | 75,000,000 | 53,813,642 | 0 | 1,092,493 | 9,928,878 | 5,815,441 | 4,349,545 | |
4.01 | Property | 1 | Memphis, TN | No | |||||||||||||||
4.02 | Property | 1 | Wetumpka, AL | No | |||||||||||||||
4.03 | Property | 1 | Rockford, IL | No | |||||||||||||||
4.04 | Property | 1 | Iowa City, IA | No | |||||||||||||||
4.05 | Property | 1 | Versailles, KY | No | |||||||||||||||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | No | No | Refinance | No | 36,500,000 | 0 | 0 | 0 | 36,500,000 | 29,410,494 | 0 | 946,090 | 4,888,130 | 1,255,285 | 0 |
6 | Loan | 23 | 1 | Center Pointe Plaza I | No | No | Refinance | No | 35,000,000 | 0 | 0 | 0 | 35,000,000 | 32,267,907 | 0 | 827,316 | 913,166 | 991,612 | 0 |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | No | No | Refinance | 32,250,000 | 0 | 0 | 0 | 32,250,000 | 19,012,170 | 0 | 1,306,315 | 3,088,268 | 8,843,247 | 0 | |
7.01 | Property | 1 | Creekside Apartments | No | |||||||||||||||
7.02 | Property | 1 | Oak Glen Apartments | No | |||||||||||||||
7.03 | Property | 1 | Sterling Crossing Apartments | No | |||||||||||||||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | No | No | Refinance | No | 98,000,000 | 4,085,912 | 0 | 0 | 102,085,912 | 99,766,998 | 0 | 1,238,689 | 1,080,225 | 0 | 0 |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | No | Yes | Acquisition | No | 73,000,000 | 49,333,167 | 0 | 3,238,840 | 125,572,008 | 0 | 120,000,000 | 2,157,253 | 3,414,755 | 0 | 0 |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | No | No | Acquisition | Yes | 60,000,000 | 47,228,686 | 0 | 5,000,000 | 112,228,686 | 0 | 110,000,000 | 2,048,849 | 179,837 | 0 | 0 |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | No | No | Refinance | No | 27,000,000 | 0 | 0 | 0 | 27,000,000 | 22,778,285 | 0 | 879,889 | 128,448 | 3,213,378 | 0 |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | No | No | Refinance | 24,500,000 | 2,696,730 | 0 | 0 | 27,196,730 | 26,193,537 | 0 | 444,148 | 559,045 | 0 | 0 | |
12.01 | Property | 1 | Chandler Tech Center | No | |||||||||||||||
12.02 | Property | 1 | Winn Dixie Prairieville | No | |||||||||||||||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | No | Yes | Refinance | No | 23,000,000 | 0 | 0 | 0 | 23,000,000 | 20,587,676 | 0 | 412,384 | 992 | 1,998,947 | 0 |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | No | No | Recapitalization | No | 22,520,000 | 0 | 0 | 0 | 22,520,000 | 15,822,790 | 0 | 406,947 | 1,357,281 | 4,932,982 | 0 |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | No | No | Refinance | 22,300,000 | 0 | 0 | 0 | 22,300,000 | 21,148,031 | 0 | 338,021 | 159,525 | 654,423 | 0 | |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | No | |||||||||||||||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | No | |||||||||||||||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | No | No | Refinance | No | |||||||||||
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | No | Yes | Acquisition | ||||||||||||
17.01 | Property | 1 | Evergreen | No | |||||||||||||||
17.02 | Property | 1 | Empire A&B | No | |||||||||||||||
17.03 | Property | 1 | Lone Oak | No | |||||||||||||||
17.04 | Property | 1 | Mound | No | |||||||||||||||
17.05 | Property | 1 | Rochester | No | |||||||||||||||
17.06 | Property | 1 | Schoolcraft | No | |||||||||||||||
17.07 | Property | 1 | Wayne | No | |||||||||||||||
17.08 | Property | 1 | Jeffries | No | |||||||||||||||
17.09 | Property | 1 | Eckels | No | |||||||||||||||
17.10 | Property | 1 | Martel | No | |||||||||||||||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | No | No | Refinance | No | |||||||||||
19 | Loan | 19 | 1 | Icon One Daytona | No | No | Refinance | No | |||||||||||
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | No | No | Acquisition | No | |||||||||||
21 | Loan | 10 | 1 | Union and Chapin Industrial | No | No | Refinance | No | |||||||||||
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | No | No | Refinance | No | |||||||||||
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | No | Yes | Acquisition | No | |||||||||||
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | No | No | Refinance | No | |||||||||||
25 | Loan | 20 | 1 | 3455 Veterans Hwy | No | No | Recapitalization | No | |||||||||||
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | No | No | Refinance | No | |||||||||||
27 | Loan | 1 | 1 | Centerbrooke Self Storage | No | No | Refinance | No | |||||||||||
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | No | No | Acquisition | ||||||||||||
28.01 | Property | 1 | 5959 South Harlem Avenue Building | No | |||||||||||||||
28.02 | Property | 1 | 11825 Olive Street | No | |||||||||||||||
28.03 | Property | 1 | 201 Tower Plaza | No | |||||||||||||||
28.04 | Property | 1 | 318 N 25th St | No | |||||||||||||||
28.05 | Property | 1 | 1201 Pontiac Court | No | |||||||||||||||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | No | No | Acquisition | No | |||||||||||
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | No | No | Refinance | ||||||||||||
30.01 | Property | 1 | Fairfield Inn Orange Beach | No | |||||||||||||||
30.02 | Property | 1 | Beachside Gulf Shores | No | |||||||||||||||
30.03 | Property | 1 | Home2Suites Mobile | No | |||||||||||||||
30.04 | Property | 1 | Home2Suites Daphne | No | |||||||||||||||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | No | |||||||||||||||
30.06 | Property | 1 | Gulf Shores Motel 6 | No | |||||||||||||||
30.07 | Property | 1 | Red Roof Pensacola | No | |||||||||||||||
30.08 | Property | 1 | Quality Inn Gulf Shores | No | |||||||||||||||
30.09 | Property | 1 | Red Roof Gulf Shores | No | |||||||||||||||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | No | No | Acquisition | ||||||||||||
31.01 | Property | 1 | Copperas Cove | No | |||||||||||||||
31.02 | Property | 1 | Killeen | No | |||||||||||||||
31.03 | Property | 1 | Morgan's Point | No | |||||||||||||||
31.04 | Property | 1 | Temple | No | |||||||||||||||
32 | Loan | 1 | Bella Vista Village | No | No | Refinance | No | ||||||||||||
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | No | No | Refinance | ||||||||||||
33.01 | Property | 1 | Sunset Landing | No | |||||||||||||||
33.02 | Property | 1 | Sunset Dunes | No | |||||||||||||||
33.03 | Property | 1 | Sunset Estates | No | |||||||||||||||
34 | Loan | 1 | 1 | Warwick Self Storage | No | No | Refinance | No |
A-1-33 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | No | No | Refinance | ||||||||||||
35.01 | Property | 1 | Island Estates I | No | |||||||||||||||
35.02 | Property | 1 | Cove Lake South | No | |||||||||||||||
35.03 | Property | 1 | Midtown Estates | No | |||||||||||||||
35.04 | Property | 1 | Island Estates II | No | |||||||||||||||
35.05 | Property | 1 | Cove Lake North | No | |||||||||||||||
36 | Loan | 1 | Super Mini Storage | No | No | Refinance | No | ||||||||||||
37 | Loan | 10 | 1 | Village at Rankin | No | No | Acquisition | No | |||||||||||
38 | Loan | 16, 19 | 1 | Albertsons Clovis | No | No | Refinance | No | |||||||||||
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | No | No | Refinance | No | |||||||||||
40 | Loan | 1 | Crowley Village | No | No | Refinance | No | ||||||||||||
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | No | No | Refinance | ||||||||||||
41.01 | Property | 1 | 4944-4946 North Harding Avenue | No | |||||||||||||||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | No | |||||||||||||||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | No | |||||||||||||||
42 | Loan | 4, 16 | 1 | Denton Multifamily | No | No | Refinance | No | |||||||||||
43 | Loan | 16 | 1 | Scotland Court Industrial | No | No | Refinance | No | |||||||||||
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | No | No | Refinance | No | |||||||||||
45 | Loan | 10 | 1 | Greenhaven Townhouses | No | No | Refinance | No | |||||||||||
46 | Loan | 10 | 1 | Valley Paradise | No | No | Refinance | No | �� | ||||||||||
47 | Loan | 10 | 1 | Harbor View Apartments | No | No | Acquisition | No | |||||||||||
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | No | No | Refinance | No |
A-1-34 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | 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, 2, 3, 12, 13, 18, 19, 20, 31, 33 | 1 | Park West Village | 380,813,033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 12 | 1 | Kingston Square Apartments | 66,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1, 2, 3, 6, 13, 18, 19, 20, 31, 33 | 2 | Yorkshire & Lexington Towers | 714,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | 1 | Yorkshire Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
3.02 | Property | 1 | Lexington Towers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
4 | Loan | 4, 6, 12, 13, 15, 16, 18, 19, 21, 23, 31 | 5 | Phoenix Industrial Portfolio IX | 75,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.01 | Property | 1 | Memphis, TN | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
4.02 | Property | 1 | Wetumpka, AL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
4.03 | Property | 1 | Rockford, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
4.04 | Property | 1 | Iowa City, IA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
4.05 | Property | 1 | Versailles, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
5 | Loan | 4, 10, 13, 19, 20, 23 | 1 | 50 Tice Corporate Center | 36,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 23 | 1 | Center Pointe Plaza I | 35,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 6, 7, 18 | 3 | Bayou City Portfolio | 32,250,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | 1 | Creekside Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
7.02 | Property | 1 | Oak Glen Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
7.03 | Property | 1 | Sterling Crossing Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
8 | Loan | 1, 3, 4, 12, 17, 19, 23, 31 | 1 | 469 7th Avenue | 102,085,912 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 12, 23, 33 | 1 | Wells Fargo Center Tampa | 125,572,008 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 12, 16, 20 | 1 | Saks Fulfillment Center | 112,228,686 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 4, 20, 21, 23 | 1 | Lakes Medical Center | 27,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 19, 20, 23 | 2 | PHX Industrial & LA Retail Portfolio | 27,196,730 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Chandler Tech Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
12.02 | Property | 1 | Winn Dixie Prairieville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
13 | Loan | 4, 28, 33 | 1 | ACME Mahwah | 23,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 3, 7, 18 | 1 | South Michigan Avenue | 22,520,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 6, 19 | 2 | Home2 Suites & Holiday Inn Express Phoenix Portfolio | 22,300,000 | Various | 122.66 | 95.66 | 78.0% | 122.66 | 95.66 | 78.0% | 98.19 | 61.23 | 62.4% | NAV | NAV | NAV |
15.01 | Property | 1 | Home2 Suites by Hilton Phoenix Airport North | 1/31/2038 | 122.61 | 101.37 | 82.7% | 122.61 | 101.37 | 82.7% | 96.82 | 67.14 | 69.3% | NAV | NAV | NAV | ||
15.02 | Property | 1 | Holiday Inn Express & Suites Phoenix Airport North | 12/11/2039 | 122.70 | 90.34 | 73.6% | 122.70 | 90.34 | 73.6% | 99.76 | 55.73 | 55.9% | NAV | NAV | NAV | ||
16 | Loan | 12, 19, 20 | 1 | La Habra Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 5, 6, 12, 16, 20, 23, 33 | 10 | Central States Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.01 | Property | 1 | Evergreen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.02 | Property | 1 | Empire A&B | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.03 | Property | 1 | Lone Oak | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.04 | Property | 1 | Mound | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.05 | Property | 1 | Rochester | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.06 | Property | 1 | Schoolcraft | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.07 | Property | 1 | Wayne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.08 | Property | 1 | Jeffries | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.09 | Property | 1 | Eckels | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
17.10 | Property | 1 | Martel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
18 | Loan | 12, 19 | 1 | Rising Sun Towne Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19 | Loan | 19 | 1 | Icon One Daytona | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 5, 12, 20 | 1 | Lakeshore Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21 | Loan | 10 | 1 | Union and Chapin Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 1, 4, 12, 13, 15, 19, 27, 28 | 1 | Bell Works | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 12, 19, 27, 33 | 1 | 111 River Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 12, 19 | 1 | Art Ovation Hotel | 4/30/2043 | 249.67 | 201.38 | 80.7% | 249.67 | 201.38 | 80.7% | 202.96 | 158.12 | 77.9% | NAV | NAV | NAV | |
25 | Loan | 20 | 1 | 3455 Veterans Hwy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 5, 19 | 1 | Hampton Inn Richmond | 6/30/2037 | 114.18 | 91.26 | 79.7% | 117.45 | 91.26 | 77.7% | 106.32 | 76.19 | 71.7% | 98.98 | 44.44 | 44.9% | |
27 | Loan | 1 | 1 | Centerbrooke Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 5, 6, 16, 22 | 5 | Hayes Mechanical Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28.01 | Property | 1 | 5959 South Harlem Avenue Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
28.02 | Property | 1 | 11825 Olive Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
28.03 | Property | 1 | 201 Tower Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
28.04 | Property | 1 | 318 N 25th St | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
28.05 | Property | 1 | 1201 Pontiac Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
29 | Loan | 15, 20 | 1 | Fontainebleau Park Office Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 1, 6, 12, 19 | 9 | A&R Hospitality Portfolio | Various | 141.94 | 91.37 | 64.4% | 141.94 | 94.34 | 66.5% | 142.54 | 102.84 | 72.1% | 115.02 | 69.95 | 61.2% | |
30.01 | Property | 1 | Fairfield Inn Orange Beach | 2/12/2035 | 183.78 | 113.65 | 61.9% | 183.78 | 113.85 | 62.0% | 180.06 | 123.10 | 68.4% | 138.82 | 71.96 | 51.8% | ||
30.02 | Property | 1 | Beachside Gulf Shores | NAP | 193.17 | 100.30 | 51.9% | 193.17 | 101.78 | 52.7% | 191.80 | 119.01 | 62.1% | 140.87 | 97.13 | 69.0% | ||
30.03 | Property | 1 | Home2Suites Mobile | 2/28/2037 | 111.53 | 94.44 | 84.7% | 111.53 | 95.66 | 85.8% | 101.66 | 85.51 | 85.5% | 91.61 | 58.53 | 63.9% | ||
30.04 | Property | 1 | Home2Suites Daphne | 3/31/2040 | 116.91 | 93.63 | 80.1% | 116.91 | 95.89 | 82.0% | 112.20 | 95.99 | 85.6% | NAP | NAP | NAP | ||
30.05 | Property | 1 | Staybridge Suites Gulf Shores | 5/14/2038 | 172.41 | 101.08 | 58.6% | 172.41 | 112.70 | 65.4% | 166.97 | 119.21 | 71.4% | 134.80 | 80.00 | 59.4% | ||
30.06 | Property | 1 | Gulf Shores Motel 6 | 4/26/2033 | 114.10 | 78.55 | 68.8% | 114.10 | 82.83 | 72.6% | 127.36 | 100.20 | 78.7% | 94.97 | 60.83 | 64.1% | ||
30.07 | Property | 1 | Red Roof Pensacola | 5/15/2038 | 112.28 | 60.32 | 53.7% | 112.28 | 63.71 | 56.7% | 119.56 | 73.08 | 61.1% | 76.79 | 49.75 | 64.8% | ||
30.08 | Property | 1 | Quality Inn Gulf Shores | 3/8/2037 | 138.26 | 74.47 | 53.9% | 138.26 | 74.48 | 53.9% | 134.09 | 93.09 | 69.4% | 113.48 | 68.53 | 60.4% | ||
30.09 | Property | 1 | Red Roof Gulf Shores | 3/14/2037 | 126.83 | 74.57 | 58.8% | 126.83 | 77.34 | 61.0% | 136.69 | 95.84 | 70.1% | 102.36 | 59.24 | 57.9% | ||
31 | Loan | 5, 6 | 4 | Central Texas Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31.01 | Property | 1 | Copperas Cove | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
31.02 | Property | 1 | Killeen | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
31.03 | Property | 1 | Morgan's Point | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
31.04 | Property | 1 | Temple | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
32 | Loan | 1 | Bella Vista Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
33 | Loan | 4, 6 | 3 | Sunset Apartment Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
33.01 | Property | 1 | Sunset Landing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
33.02 | Property | 1 | Sunset Dunes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
33.03 | Property | 1 | Sunset Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
34 | Loan | 1 | 1 | Warwick Self Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-35 |
BMO 2022-C3 - Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | 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 (%) |
35 | Loan | 6, 16 | 5 | Knoxville MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35.01 | Property | 1 | Island Estates I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
35.02 | Property | 1 | Cove Lake South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
35.03 | Property | 1 | Midtown Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
35.04 | Property | 1 | Island Estates II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
35.05 | Property | 1 | Cove Lake North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
36 | Loan | 1 | Super Mini Storage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
37 | Loan | 10 | 1 | Village at Rankin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38 | Loan | 16, 19 | 1 | Albertsons Clovis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 1, 10, 12 | 1 | LaGrange Pointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
40 | Loan | 1 | Crowley Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
41 | Loan | 6, 16, 17 | 3 | Block Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
41.01 | Property | 1 | 4944-4946 North Harding Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
41.02 | Property | 1 | 6442-6444 North Hamilton Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
41.03 | Property | 1 | 4801 North Ridgeway Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
42 | Loan | 4, 16 | 1 | Denton Multifamily | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
43 | Loan | 16 | 1 | Scotland Court Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
44 | Loan | 3, 10, 13, 16 | 1 | 561 Clinton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
45 | Loan | 10 | 1 | Greenhaven Townhouses | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
46 | Loan | 10 | 1 | Valley Paradise | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
47 | Loan | 10 | 1 | Harbor View Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 3, 10, 13, 16 | 1 | 2015 Walnut Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-36 |
(1) | “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller, “ReadyCap” denotes the affiliated entities ReadyCap Commercial, LLC as Mortgage Loan Seller with respect to Loan Nos 21, 27, 34, 37, 46 and 47, and Sutherland Asset I, LLC as Mortgage Loan Seller with respect to Loan Nos 39 and 45, “3650 REIT” denotes 3650 Real Estate Investment Trust 2 LLC as Mortgage Loan Seller, “Sabal” denotes Sabal Capital II, LLC as Mortgage Loan Seller, and “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller. With respect to Loan No. 1, Park West Village, the mortgage loan is part of a whole loan that was co-originated by SMC, BMO and CREFI. With respect to Loan No. 3, Yorkshire & Lexington Towers, the mortgage loan is part of a whole loan that was co-originated by SMC, BMO and CREFI. With respect to Loan No. 8, 469 7th Avenue, the mortgage loan is part of a whole loan that was co-originated by UBS AG and CREFI. With respect to Loan No. 22, Bell Works, the mortgage loan is part of a whole loan that was co-originated by CREFI, BMO, and Barclays Capital Real Estate Inc. With respect to Loan No. 27, Centerbrooke Self Storage, the mortgage loan was originated by Greystone Servicing Company LLC and purchased by the Mortgage Loan Seller. With respect to Loan No. 30, A&R Hospitality Portfolio, the mortgage loan is part of a whole loan that was co-originated by Societe Generale Financial Corporation, BMO, and Goldman Sachs Bank USA. With respect to Loan No. 34, Warwick Self Storage, the mortgage loan was originated by Greystone Servicing Company LLC, and purchased by the Mortgage Loan Seller. With respect to Loan No. 39, LaGrange Pointe, the mortgage loan was originated by CIBC Inc. and purchased by the Mortgage Loan Seller. |
(2) | With respect to Loan No. 1, Park West Village, the mortgaged property is comprised of three buildings with 850 multifamily units and one commercial unit totaling 1,039 square feet of office space. Of the 850 multifamily units, 418 are rent stabilized. With respect to Loan No. 3, 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 residential units, 305 of the units are rent stabilized. With respect to Loan No. 3, Yorkshire & Lexington Towers, the Yorkshire Towers Mortgaged Property has 681 residential units, and six commercial and retail units totaling 645,092 square feet, and the Lexington Towers Mortgaged Property has 127 residential units and six commercial units totaling 125,186 square feet. |
(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. |
A-1-37 |
With respect to Loan No. 1, Park West Village, there is 1,039 square feet of commercial space not presented in Number of Units. Current Occupancy reflects the occupancy of the multifamily component of the mortgaged property. The commercial space is 100.0% leased as of July 22, 2022. With respect to Loan No. 3, Yorkshire & Lexington Towers, 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. 8, 469 7th Avenue, the mortgaged property consists of 255,800 square feet of office space, 12,588 square feet of retail space and 845 square feet of storage space. With respect to Loan No. 14, South Michigan Avenue, there is 58,480 square feet of commercial space (of which, 86.2% is occupied as of June 30, 2022) not presented in Number of Units. Current Occupancy reflects the occupancy of the multifamily component of the mortgaged property. With respect to Loan No. 44, 561 Clinton Street, the mortgaged property is comprised of 4 multifamily units and 1,650 square feet of ground floor retail space. With respect to Loan No. 48, 2015 Walnut Street, the mortgaged property is comprised of 8 multifamily units and 1,650 square feet of ground floor retail space. | |
(4) | In certain cases, the mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues— Rights to Sublease” and “--Tenants Not Yet in Occupancy or in a Free Rent Period, Leases Under Negotiation and LOIs” in the preliminary prospectus. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the Largest Tenant at the Iowa City, IA mortgaged property, HNI Corporation, has not taken occupancy of approximately 13,081 square feet of its 317,518 square feet of leased space. At origination, $104,648 was reserved for such space and approximately $4,360 is required to be released on each monthly payment date commencing on November 6, 2022 through October 6, 2024 or until, among other conditions included in the Phoenix Industrial Portfolio IX Whole Loan documents, (i) such space is delivered to HNI Corporation, (ii) HNI Corporation commences paying rent for such space and (iii) a clean estoppel confirming all required conditions have been satisfied is delivered to and accepted by the lender. With respect to Loan No. 5, 50 Tice Corporate Center, HDR, the Second Largest Tenant, has not yet taken occupancy. HDR is expected to take occupancy on October 1, 2022 and will have five months of free rent (commencing on the earlier of the date the tenant takes occupancy or the borrower completes the buildout work currently in process), which was escrowed at origination. With respect to Loan No. 8, 469 7th Avenue, the Second Largest Tenant at the mortgaged property, In Touch Group, LLC, is not fully utilizing its seventh-floor space totaling 17,000 square feet but has been paying rent on this space. With respect to Loan No. 11, Lakes Medical Center, the Largest Tenant, Shores III, L.L.C., which represents approximately 22.9% of the net rentable area at the Mortgaged Property, currently subleases a portion of its premises totaling 20,739 SF to West Bloomfield Surgery Center, LLC, which sublease expires June 30, 2030. |
A-1-38 |
With respect to Loan No. 11, Lakes Medical Center, the Largest Tenant, Shores III, L.L.C., which represents approximately 22.9% of the net rentable area at the Mortgaged Property, currently subleases a portion of its premises totaling 5,388 SF to Trinity Health-Michigan, d/b/a St. Joseph Mercy Oakland, which sublease expires February 28, 2024. With respect to Loan No. 11, Lakes Medical Center, the Largest Tenant, Shores III, L.L.C., which represents approximately 22.9% of the net rentable area at the Mortgaged Property, currently subleases a portion of its premises totaling 4,835 SF to Michigan Institute of Urology, P.C., which sublease expires July 31, 2026. With respect to Loan No. 11, Lakes Medical Center, the Fourth Largest Tenant, MKBY, which represents approximately 5.2% of the net rentable area at the Mortgaged Property, subleases its entire premises to Lakes Internal Medicine for a term that is coterminous with the MKBY lease. | |
With respect to Loan No. 11, Lakes Medical Center, the Fifth Largest Tenant, Encompass Holdings, which represents approximately 4.8% of the net rentable area at the Mortgaged Property, subleases its entire premises to Infection Care Specialists of Michigan-Lakes d/b/a The Lakes Center for Infection Infusion and Wound Care for a term that is coterminous with the Encompass Holdings lease. With respect to Loan No. 13, ACME Mahwah, ACME Supermarkets occupies 54,598 square feet (49.5% of NRA), subleases 47,154 square feet (42.8% of NRA) to 20 third party subtenants and has 8,497 square feet (7.7% of NRA) of vacant space. With respect to Loan No. 22, Bell Works, historical occupancy values are based on the average annual occupancy. With respect to Loan No. 33, Sunset Apartment Portfolio, a third-party entity leases 18 apartment units at the Sunset Dunes property and offers the units as short-term vacation rentals. The vacation rental leased units are underwritten based on the appraiser's estimate of market rents, which is less than the vacation rental lease contract rents and the borrower may not increase the number of such short-term vacation rentals during the term of the Sunset Apartment Portfolio loan. The vacation rental lease commenced on June 1, 2021, and has a current expiration date of May 31, 2023, after which it shall become a month-to-month agreement on the same terms and conditions as the original lease agreement. With respect to Loan No. 42, Denton Multifamily, the property is substantially leased to undergraduate and graduate students at nearby universities. The Denton Multifamily property is not purpose-built student housing, is not located on a university campus and is leased by the unit as a typical multifamily property. | |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the preliminary prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 17, Central States Industrial Portfolio, the Appraised Value of $88,000,000 reflects a premium attributed to the value of the Mortgaged Properties as a whole. The sum of the as-is appraised values of each of the individual Mortgaged Properties is $86,970,000. The Cutoff LTV (%) and Maturity LTV (%) based upon the Appraised Value without a portfolio premium are 68.9% and 68.9%, respectively. With respect to Loan No. 20, Lakeshore Marketplace, the Appraised Value ($) represents the “As-Is” appraised value of $32,560,000, assuming a capital reserve in an amount of $500,000. The ‘As-Is’ value without the assumption of such a reserve is $32,060,000. The Cutoff LTV (%) and Maturity LTV (%) based upon the “As-Is” appraised value (excluding a $500,000 capital reserve) are 67.1% and 61.7%, respectively. |
A-1-39 |
With respect to Loan No. 26, Hampton Inn Richmond, the Appraised Value of $14,727,224 represents the sum of (i) the “as-is” appraised value of $12,500,000 (determined by the appraiser as of June 1, 2022) and (ii) the borrower’s budgeted cost of $2,227,224 to complete a franchisor-mandated property improvement plan at the Mortgaged Property. At origination, the borrower escrowed $2,784,030 for a property improvement plan reserve. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based upon the “as-is” appraised value are 79.1% and 68.2%, respectively. With respect to Loan No. 28, Hayes Mechanical Industrial Portfolio the Appraised Values for three of the five Mortgaged Properties reflect a “Prospective Leased Fee” values, for one of the five Mortgaged Properties reflects the “Prospective Market Value”, and for one of the five Mortgaged Properties reflects the “As Is” value. These values assume as a condition that the borrower entered into a lease with the single tenant of these Mortgaged Properties concurrently with the origination of the related Mortgage Loan, which condition was met. With respect to Loan No. 31, Central Texas Self Storage, the Appraised Value of $12,400,000 reflects a premium attributed to the value of the Mortgaged Properties as a whole. The sum of the as-is appraised values of each of the individual Mortgaged Properties is $11,950,000. The Cutoff LTV (%) and Maturity LTV (%) based upon the Appraised Value without a portfolio premium are 59.0% and 59.0%, respectively. | |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. ● Loan No. 3, Yorkshire & Lexington Towers ● Loan No. 4, Phoenix Industrial Portfolio IX ● Loan No. 7, Bayou City Portfolio ● Loan No. 12, PHX Industrial & LA Retail Portfolio ● Loan No. 15, Home2 Suites & Holiday Inn Express Phoenix Portfolio ● Loan No. 17, Central States Industrial Portfolio ● Loan No. 28, Hayes Mechanical Industrial Portfolio ● Loan No. 30, A&R Hospitality Portfolio ● Loan No. 31, Central Texas Self Storage ● Loan No. 33, Sunset Apartment Portfolio ● Loan No. 35, Knoxville MHC Portfolio ● Loan No. 41, Block Multifamily Portfolio |
(7) | The Original Balance ($), Cut-off Date Balance ($), and Maturity Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. With respect to Loan No. 7, Bayou City Portfolio, at origination of the mortgage loan, the borrowers deposited $2,500,000 into an economic holdback reserve, to be released to the borrowers upon the debt yield (as calculated in the mortgage loan documents) at the mortgaged properties being at least 9.8% based on a trailing 12-month period. Notwithstanding the foregoing, no disbursement from the economic holdback reserve is permitted prior to the payment date in June 2023. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are based on an assumed mortgage loan Cut-off Date Balance ($) of approximately $29,691,295, which is net of the $2,500,000 economic |
A-1-40 |
holdback reserve. Assuming the gross mortgage loan Cut-off Date Balance ($) of approximately $32,191,295, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 55.2%, 46.9%, 9.2% and 8.7%, respectively. | |
With respect to Loan No. 14, South Michigan Avenue, at origination of the mortgage loan, the borrower deposited $920,000 into an economic holdback achievement reserve account as additional security for the mortgage loan. The holdback achievement reserve funds are to be released to the borrower when the debt yield (net the amount of the holdback achievement reserve funds and as otherwise calculated in accordance with the mortgage loan documents) equals or exceeds 8.7105%. Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are based on an assumed mortgage loan Cut-off Date Balance ($) of approximately $21,600,000, which is net of the $920,000 economic holdback achievement reserve. Based on the full principal balance as of the Cut-off Date of approximately $22,520,000, the Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are 8.7% and 8.4%, respectively. | |
(8) | The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan. |
(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
(10) | With respect to Loan No. 5, 50 Tice Corporate Center, a Grace Period (Late Payment) of 10 days is allowed. In addition, the loan documents permit a one-time Grace Period (Default) of 5 days. With respect to Loan No. 21, Union and Chapin Industrial, a Grace Period (Late Payment) of 9 days is allowed. With respect to Loan No. 37, Village at Rankin, a Grace Period (Late Payment) of 9 days is allowed. With respect to Loan No. 39, LaGrange Pointe, a Grace Period (Late Payment) of 7 days is allowed. With respect to Loan No. 44, 561 Clinton Street, a Grace Period (Late Payment) of 5 days is allowed. With respect to Loan No. 45, Greenhaven Townhouses, a Grace Period (Late Payment) of 9 days is allowed. With respect to Loan No. 46, Valley Paradise, a Grace Period (Late Payment) of 9 days is allowed. With respect to Loan No. 47, Harbor View Apartments, a Grace Period (Late Payment) of 9 days is allowed. With respect to Loan No. 48, 2015 Walnut Street, a Grace Period (Late Payment) of 5 days is allowed. |
(11) | Intentionally blank |
(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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Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the preliminary prospectus. With respect to Loan No. 1, Park West Village, the lockout period will be at least 26 payment dates beginning with and including the first payment date in September 2022. Defeasance of the Park West Village whole loan in full is permitted at any time after the earlier to occur of (i) September 6, 2025 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 2, Kingston Square Apartments, the lockout period will be at least 25 payment dates beginning with and including the first payment date in October 2022. Defeasance of the Kingston Square Apartments Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Kingston Square Apartments Whole Loan to be securitized and (b) August 25, 2026. The assumed defeasance lockout period of 25 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, defeasance of the Phoenix Industrial Portfolio IX Whole Loan is permitted at any time after the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed defeasance lockout period of 24 payments is based on the closing date of the BMO 2022-C3 securitization trust in October 2022. The actual lockout period may be longer. With respect to Loan No. 8, 469 7th Avenue, defeasance of the 469 7th Avenue Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the 469 7th Avenue Whole Loan to be securitized and (b) August 30, 2026. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BMO 2022-C3 securitization trust in October 2022. The actual lockout period may be longer. With respect to Loan No. 9, Wells Fargo Center Tampa, the borrowers are permitted to defease the Wells Fargo Center Tampa whole loan 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) August 10, 2025. The assumed defeasance lockout period of 25 payment dates is based on the expected BMO 2022-C3 securitization closing date in October 2022. The actual lockout period may be longer. | |
With respect to Loan No. 10, Saks Fulfillment Center, the lockout period will be at least 26 payment dates beginning with and including the first payment date in September 2022. Defeasance of the Saks Fulfillment Center whole loan in full is permitted at any time after the earlier to occur of (i) August 2, 2025 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 16, La Habra Marketplace, the lockout period will be at least 35 payment dates beginning with and including the first payment date in January 2022. Defeasance of the La Habra Marketplace Whole Loan in full is permitted at any time after the later to occur of (i) December 3, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 35 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. | |
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With respect to Loan No. 17, Central States Industrial Portfolio, the lockout period will be at least 26 payment dates beginning with and including the first payment date in September 2022. Defeasance of the Central States Industrial Portfolio Whole Loan in full is permitted at any time after the earlier to occur of (i) July 21, 2025 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 18, Rising Sun Towne Centre, at any time after the defeasance lockout date, the borrower will have the right to cause the release of the McDonald’s pad site (the “Release Parcel”) in connection with the sale of the Release Parcel to an unaffiliated third party. The release of the Release Parcel is subject to certain conditions, including, but not limited to, the requirement that the borrower deliver defeasance collateral for the loan in an amount equal to the greatest of (i) 115% of the loan amount allocated to the Release Parcel, (ii) ) 80% of the net sale proceeds with respect to the Release Parcel, (iii) an amount resulting in a debt service coverage ratio not less than 1.50x, (iv) an amount resulting in a loan-to-value ratio not greater than 65.0% and (iv) any amount required by REMIC rules. With respect to Loan No. 20, Lakeshore Marketplace, the lockout period will be at least 33 payment dates beginning with and including the first payment date in February 2022. Prepayment of the Lakeshore Marketplace in full, together with any applicable yield maintenance premium, is permitted at any time after the earlier to occur of (i) December 7, 2024 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 33 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 22, Bell Works, at any time other than 60 days prior to and following a securitization, the borrower will be permitted to release the Upper Unit Partial Release amongst certain conditions in the loan agreement being met. With respect to Loan No. 22, Bell Works, the lockout period will be at least 29 payment dates beginning with and including the first payment date in June 2022. Defeasance of the Bell Works Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Bell Works Whole Loan to be securitized and (b) April 8, 2026. The assumed defeasance lockout period of 29 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. | |
With respect to Loan No. 23, 111 River Street, the lockout period will be at least 32 payment dates beginning with and including the first payment date in March 2022. Defeasance of the 111 River Street Whole Loan in full is permitted at any time following the earlier to occur of (i) January 21, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 32 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 24, Art Ovation Hotel, the lockout period will be at least 26 payment dates beginning with and including the first payment date in September 2022. Defeasance of the Art Ovation Hotel whole loan in full is permitted at any time after the earlier to occur of (i) July 14, 2025 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. With respect to Loan No. 30, A&R Hospitality Portfolio, the borrower is permitted to prepay the loan (with the payment of the applicable yield maintenance premium) or defease in whole but not in part, provided that, | |
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amongst other things, the prepayment is after the date that is the later of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) September 1, 2024. Defeasance of the A&R Hospitality Portfolio Whole Loan is permitted after the date that is the later of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) September 1, 2024. The assumed lockout period of 25 months is based on the closing date of this transaction in October 2022. The actual lockout period may be longer. | |
With respect to Loan No. 30, A&R Hospitality Portfolio, on any payment date after the release date, the borrowers may obtain the release of any A&R Hospitality Portfolio Property (other than the Home2Suites Daphne property or the Home2Suites Mobile property) provided that, among other conditions stated in the A&R Hospitality Portfolio Whole Loan documents, (i) no event of default has occurred and is continuing; (ii) the amount of the A&R Hospitality Portfolio Whole Loan defeased or prepaid (with the applicable yield maintenance premium) is 110% of the allocated loan amount of such A&R Hospitality Portfolio Property or A&R Hospitality Portfolio Properties, (iii) the debt yield for the remaining A&R Hospitality Portfolio Properties after such release is not less than 16.4% after giving effect for such release; and (iv) the loan-to-value ratio after such release is less than or equal to 46.9% for the remaining A&R Hospitality Portfolio Properties after giving effect for such release. With respect to Loan No. 39, LaGrange Pointe, the loan documents permit defeasance within two years after the Closing Date, but only if the borrower provides an opinion of counsel (satisfactory to lender in its sole discretion) stating (among other things) that the defeasance will not cause the Mortgage Loan to fail to be a “qualified mortgage” within the meaning of Section 860G(a)(3)(A) of the Code. | |
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Existing Mezzanine Debt,” “—Preferred Equity and Preferred Return Arrangements” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 1, Park West Village, the Park West Village whole loan is comprised of 12 pari passu senior promissory notes in the aggregate original principal amount of $187,500,000 (collectively, the “Park West Village Senior Loan”), which was co-originated on August 3, 2022 by BMO, SMC and CREFI, one subordinate promissory Note B-A in the original principal amount of $66,500,000 (the “Park West Village Note B-A”), which was originated on August 3, 2022 by BMO, and one further subordinate promissory Note B-B in the original principal amount of $111,000,000 (the “Park West Village Note B-B”, and together with the Park West Village Note B-A, the “Park West Village Subordinate Companion Notes”), which was originated on August 3, 2022 by Park West Village Grand Avenue Partners, LLC, an affiliate of Oaktree Capital Management. The Park West Village Subordinate Companion Notes are co-terminus with the Park West Village Senior Loan, and each accrue interest at 4.65000% per annum. With respect to Loan No. 3, Yorkshire & Lexington Towers, concurrently with the funding of the Yorkshire & Lexington Towers Whole Loan, BMO, and Citigroup Global Markets Realty Corp. (“CGMRC”), co-originated a mezzanine A loan in the amount of $80,000,000 secured by the mezzanine A borrower’s interests in the borrower, 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 borrower, 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 |
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$25,000,000 secured by the mezzanine C borrower’s interests in the borrower, 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. 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 borrower, 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, Phoenix Industrial Portfolio IX, the borrowers are permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the Phoenix Industrial Portfolio IX Whole Loan and the mezzanine loan is not greater than 41.2%, (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the Phoenix Industrial Portfolio IX Whole Loan and the mezzanine loan is equal to or greater than 1.47x, (iii) the debt yield on the aggregate of the Phoenix Industrial Portfolio IX Whole Loan and the mezzanine loan is equal to or greater than 9.8%, (iv) the lender executes a mezzanine intercreditor agreement and (v) the lender has received a rating agency confirmation. With respect to Loan No. 5, 50 Tice Corporate Center, the borrower is permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the mortgage loan and the mezzanine loan is not greater than 56.8% and (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the mortgage loan and the mezzanine loan is equal to or greater than 1.68x. With respect to Loan No. 22, Bell Works, the borrower is required to make an annual payment of $50,000 to Holmdel Township for tenant fit-out through 2037. Such annual payment obligation is evidenced by a promissory note in the original principal amount of $1,000,000 made by the borrower for the benefit of Holmdel Township. Such promissory note does not bear interest and is freely prepayable at any time. In addition, the borrower was required to escrow funds with Holmdel Township to pay for Holmdel Township’s costs incurred in connection with the redevelopment. As of the origination of the whole loan, approximately $96,181 remained in the escrow. With respect to Loan No. 44, 561 Clinton Street, the borrower is permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the mortgage loan and the mezzanine loan is not greater than 70% and (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the mortgage loan and the mezzanine loan is equal to or greater than 1.23x. With respect to Loan No. 48, 2015 Walnut Street, the borrower is permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the mortgage loan and the mezzanine loan is not greater than 65.9% and (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the mortgage loan and the mezzanine loan is equal to or greater than 1.48x. | |
(14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the origination date during the term of the mortgage loan. |
(15) | With respect to Loan No. 4, Phoenix Industrial Portfolio IX, a $300,000 credit for the $3,000,000 tenant improvement and leasing commissions escrow was underwritten on the Phoenix Industrial Portfolio IX Whole |
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Loan. The $3,000,000 initial deposit was placed into a reserve and disbursements can be made for tenant improvements and leasing commissions. With respect to Loan No. 22, Bell Works, a $850,000 credit for the $8,500,000 tenant improvement and leasing commissions escrow was underwritten on the whole loan. The $8,500,000 initial deposit was placed into a reserve and disbursements can be made for tenant improvements and leasing commissions. With respect to Loan No. 29, Fontainebleau Park Office Plaza, tenant improvement allowances and leasing commissions have historically not been paid and have not been underwritten; however, a $187,000 upfront reserve was structured for any future tenant improvement and leasing commission expenses that may be incurred. The $187,000 cap will be reduced to $100,000 and any leasing reserve funds in excess of $100,000 will be released to the borrower provided that each of the following conditions are satisfied: (i) the fifth anniversary of the origination date has occurred, (ii) no event of default has occurred and is continuing, and (iii) the debt yield is equal to or greater than 8.75%. | |
(16) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the mortgaged properties were acquired between 2019 and 2021 with full year 2020 and 2021 operating statements not available. The 2022 statement only includes partial year information for the Iowa City, IA mortgaged property because it was 100.0% vacant. With respect to Loan No. 10, Saks Fulfillment Center, historical financial information is not available as it was not provided by the seller. With respect to Loan No. 17, Central States Industrial Portfolio, historical financial information is not available as it was not provided by the seller of the mortgaged properties. With respect to Loan No. 28, Hayes Mechanical Industrial Portfolio, historical financials are not available because the lease in place became effective upon the Hayes Mechanical Industrial Portfolio loan closing on June 3, 2022. UW NCF is based on the lease in place, including a 4% contractual minimum rent increase effective January 1, 2023, the appraiser's estimated operating expenses and the current insurance bill. With respect to Loan No. 35, Knoxville MHC portfolio, historical financials prior to 2020 are not available as they were not provided by the sellers. With respect to Loan No. 38, Albertsons Clovis, historical financial information is not available as it was not provided by the sellers. With respect to Loan No. 41, Block Multifamily Portfolio, historical financials beyond the T-11, annualized, are not available because the borrower purchased the three properties in 2021, and partially renovated and re-tenanted the properties. The UW NCF is based on leases in place, the appraiser's estimated expenses or T-11 expenses and the current insurance bill. With respect to Loan No. 42, Denton Multifamily, historical financials beyond the most recent TTM are not available because the property was constructed and leased in 2020-2021. The UW NCF is based on leases in place, the appraiser's estimated operating expenses or the TTM expenses and the current insurance bill. With respect to Loan No. 43, Scotland Court Industrial, historical financials beyond the most recent T-11 are not available because the property was constructed and leased in 2021. The UW NCF is based on leases in place, the appraiser's estimated operating expenses and the current insurance bill. |
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With respect to Loan No. 44, 561 Clinton Street, historical financial information is not available as the mortgaged property was acquired in August 2021 and underwent renovations in 2022. With respect to Loan No. 48, 2015 Walnut Street, historical financial information is not available as the mortgaged property was acquired in August 2021 and underwent renovations in 2021. | |
(17) | With respect to Loan No. 8, 469 7th Avenue, the mortgaged property is subject to a declaration of condominium. The fee simple interest of one hundred percent (100.0%) of the condominium units and common elements are held by the related mortgagor and encumbered by the mortgage securing the 469 7th Avenue Whole Loan. Moreover, the declaration of condominium has been subordinated to the lien of the related mortgage. With respect to Loan No. 41, Block Multifamily Portfolio, two of the portfolio properties, 4944-4946 North Harding Avenue and 6442-6444 North Hamilton Avenue are subject to a declaration of condominium. The fee simple interest of one hundred percent (100.0%) of the condominium units and common elements are held by the related mortgagor and encumbered by the mortgage securing the loan. |
(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. With respect to Loan No. 1, Park West Village, so long as no event of default under the Park West Village Whole Loan is continuing, on each payment date, the lender is required to transfer the Monthly Supplemental Income Reserve Disbursement Amount (as defined in Annex B to the Preliminary Prospectus with respect to the Park West Village Whole Loan) from the supplemental income reserve to the cash management account. Such funds deposited into the cash management account will be required to be applied with all other funds then on deposit in the cash management account in the order of priority set forth in the Park West Village Whole Loan documents. So long as no event of default under the Park West Village Whole Loan is continuing, upon such time as the lender has reasonably determined that the Park West Village Property (excluding the amount on deposit in the supplemental income reserve) has achieved a 6.25% or higher for one calendar quarter “transient” Park West Village Whole Loan debt yield (calculated on the basis of annualized net cash flow for a three-month period ending with the most recently completed month), then upon the borrowers’ written request, all of the funds in the supplemental income reserve will be required to be disbursed to the borrowers; provided, however, if a Cash Trap Period (as defined in Annex B to the Preliminary Prospectus with respect to the Park West Village Whole Loan) is then continuing, then such funds will not be disbursed to the borrowers, and such funds will instead be deposited into the excess cash reserve account, to be applied in accordance with the terms of the Park West Village Whole Loan documents. With respect to Loan No. 3, Yorkshire & Lexington Towers, so long as no event of default under the Yorkshire & Lexington Towers Whole Loan is continuing, on each payment date, the lender is required to transfer the Monthly Supplemental Income Reserve Disbursement Amount (as defined in Annex B to the Preliminary Prospectus with respect to the Yorkshire & Lexington Towers Whole Loan) from the supplemental income reserve to the cash management account. Such funds deposited into the cash management account will be required to be applied with all other funds then on deposit in the cash management account in the order of priority set forth in the Yorkshire & Lexington Towers Whole Loan documents. So long as no event of default under the Yorkshire & Lexington Towers Whole Loan is continuing, upon such time as the lender has reasonably determined that the Yorkshire & Lexington Towers Properties (excluding the amount on deposit in the Supplemental Income Reserve) have achieved a 5.0% “transient” Yorkshire & Lexington Towers Total Debt debt yield (calculated on the basis of annualized net cash flow for a three month period ending with the most recently completed month), then upon the borrowers’ written request, all of the funds in the supplemental income reserve will be required to be disbursed to the borrowers; provided, however, if a Cash Trap Period (as defined in Annex B to the Preliminary Prospectus with respect to the Yorkshire & Lexington Towers Whole Loan) is then continuing, then such funds will not be disbursed to the borrowers, and such funds will instead be |
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deposited into the excess cash reserve account, to be applied in accordance with the terms of the Yorkshire & Lexington Towers Whole Loan documents. | |
With respect to Loan No. 4, Phoenix Industrial Portfolio IX, at origination, $5,000,000 was deposited into an economic holdback reserve. The holdback reserve funds will be released to the borrowers when, among other conditions included in the Phoenix Industrial Portfolio IX Whole Loan documents, the borrowers have provided written evidence that the debt service coverage ratio based on the full outstanding principal balance of the Phoenix Industrial Portfolio IX Whole Loan is at least 1.47x and the debt yield based on the full outstanding principal balance of the Phoenix Industrial Portfolio IX Whole Loan is not less than 9.8%. The release of the holdback reserve will be tied to the lease-up of the Memphis, TN and Wetumpka, AL mortgaged properties only, such that the funds are only released once the mortgaged properties achieve an underwritten net cash flow debt yield of 9.8% on the Phoenix Industrial Portfolio IX Whole Loan amount, assuming the lower of (i) $3,831,778 or (ii) the actual net operating income for all the mortgaged properties other than the Memphis, TN and Wetumpka, AL mortgaged properties, and the leased up net operating income for Memphis, TN and Wetumpka, AL mortgaged properties. If the borrowers fail to obtain the release of the holdback reserve funds prior to the date that is three years from the date of the final securitization of the Phoenix Industrial Portfolio IX Whole Loan, the borrowers are required to partially defease the Phoenix Industrial Portfolio IX Whole Loan in an amount equal to the then remaining balance in the holdback reserve account, plus (x) all interest which would have accrued on the amount of the Phoenix Industrial Portfolio IX Whole Loan to be prepaid through and including the last day of the interest period related to the monthly payment date following the partial defeasance, (y) all reasonable out-of-pocket, third party costs and expenses actually incurred by the lender in connection with such partial defeasance and (z) all other sums due and payable under the Phoenix Industrial Portfolio IX Whole Loan documents. To the extent that any portion of the holdback reserve remains after the partial defeasance, the remaining amount will be applied as follows: (a) if a cash management trigger event has occurred and is continuing, to the cash management account or (y) if no cash management trigger event has occurred and is continuing, to the borrowers. If the borrowers fail to obtain the release of the holdback reserve funds prior to May 6, 2032, the borrowers are required to partially prepay the Phoenix Industrial Portfolio IX Whole Loan in an amount equal to the then remaining balance in the holdback reserve account on such date. The Cut-off Date LTV Ratio (%) is calculated based on the full outstanding principal balance of the Phoenix Industrial Portfolio IX Whole Loan (without netting the holdback reserve) and the aggregate “as is” appraised value of $182,200,000. The Cut-off Date LTV Ratio (%) based on the Phoenix Industrial Portfolio IX Whole Loan net of the $5,000,000 holdback reserve and the aggregate “as is” appraised value of $182,200,000 is 38.4%. The LTV Ratio at Maturity / ARD (%) is calculated based on the full outstanding principal balance of the Phoenix Industrial Portfolio IX Whole Loan (without netting the holdback reserve) and the “as is” appraised value of $182,200,000. The LTV Ratio at Maturity / ARD (%) based on the full outstanding principal balance of the Phoenix Industrial Portfolio IX Whole Loan (without netting the holdback reserve) and the aggregate “as stabilized” appraised value of $191,100,000 is 39.2%. The Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are based on Phoenix Industrial Portfolio IX Whole Loan balance net of the $5,000,000 holdback reserve. The Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations based on the full outstanding principal balance of the Phoenix Industrial Portfolio IX Whole Loan (without netting the holdback reserve) are 9.8% and 9.2%, respectively. | |
With respect to Loan No. 14, South Michigan Avenue, the lender will make up to four disbursements from the holdback achievement reserve to the borrower upon satisfaction by the borrower of each of the following conditions: (i) the borrower submits a request for disbursement to the lender at least 20 days prior to the date on which the borrower requests such disbursement to be made, indicating the requested amount of the disbursement; (ii) no event of default has occurred and is continuing, and the debt service coverage ratio for the mortgaged property is greater than or equal to 1.15x at the time the disbursement is requested or on the date such disbursement is requested to be made, (iii) such disbursements will be requested in one of the following increments, $250,000, $500,000, $750,000 or $920,000 (or, with respect to the last disbursement, the amount then on deposit in the holdback achievement reserve; provided that in no event will the aggregate amount of all funds disbursed by the lender exceed $920,000), (iv) in no event will the borrower be entitled to | |
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receive, and in no event will the lender be obligated to make, more than two disbursements in any South Michigan Avenue Mortgage Loan year, (v) the lender has determined that the debt yield, based on the outstanding principal balance of the South Michigan Avenue Mortgage Loan (including, for the avoidance of doubt, all amounts then on deposit in the holdback achievement reserve) is no less than: (1) with respect to an aggregate disbursement of $250,000 (i.e. taking into account all prior disbursements of the holdback achievement reserve), 8.4513%, (2) with respect to an aggregate disbursement of $500,000 (i.e. taking into account all prior disbursements of the holdback achievement reserve), 8.5480%, (3) with respect to an aggregate disbursement of $750,000 (i.e. taking into account all prior disbursements of the holdback achievement reserve), 8.6447% and (4) with respect to an aggregate disbursement of $920,000 (i.e. taking into account all prior disbursements of the holdback achievement reserve), 8.7105%, and (vi) the borrower has delivered to the lender such evidence as is necessary for the lender to accurately calculate the debt yield. If the preceding conditions have not been satisfied on or prior to July 29, 2024, the lender will continue to hold funds remaining on deposit in the holdback achievement reserve as additional collateral for the South Michigan Avenue Mortgage Loan (as defined below) through August 6, 2032 (notwithstanding any subsequent satisfaction of the preceding conditions for disbursement set forth above). Any amount remaining in the holdback achievement reserve after the South Michigan Avenue Mortgage Loan has been paid in full will be returned to the borrower. | |
(19) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. With respect to Loan No. 1, Park West Village, the lender may require the borrowers to make additional Supplemental Income Reserve deposits to the extent of 1/12th of (x) the initial Supplemental Income Reserve deposit with respect to the first 12 payment dates occurring during the term of the Park West Village Whole Loan, and (y) each Supplemental Income Reserve additional deposit amount with respect to the 12 payment dates following the date that the borrowers are required to deposit such Supplemental Income Reserve additional deposit amount pursuant to the terms of the Park West Village Whole Loan documents; provided that, if at any time the lender reassesses the Supplemental Income Reserve additional deposit amount in accordance with the terms of the Park West Village Whole Loan documents, the Monthly Supplemental Income Reserve Disbursement Amount will be adjusted so that all of funds in the Supplemental Income Reserve will be disbursed in equal monthly installments ending on such Supplemental Income Reserve reassessment date (i.e., so that there will be no funds in the Supplemental Income Reserve on deposit on such Supplemental Income Reserve reassessment date). With respect to Loan No. 3, Yorkshire & Lexington Towers, 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. 4, Phoenix Industrial Portfolio IX, on a monthly basis, the borrowers are required to deposit approximately $47,004 for rollover reserves if at any time the balance of the reserve falls below $250,000, until such time as the reserve is restored to a cap of $1,500,000. |
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With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the borrowers are required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount that will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies; provided, however, such insurance reserve has been conditionally waived so long as the borrowers maintain a blanket policy meeting the requirements of the Phoenix Industrial Portfolio IX Whole Loan documents. With respect to Loan No. 5, 50 Tice Corporate Center, when the capital improvements reserve falls below the $153,875.40 cap, the borrower will be required to escrow approximately $4,274 on a monthly basis for capital expenditures. With respect to Loan No. 5, 50 Tice Corporate Center, when the TI/LC reserve falls below the $3,000,000 cap, the borrower will be required to escrow $42,753 on a monthly basis for TI/LC. | |
With respect to Loan No. 8, 469 7th Avenue, the borrower is required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount that will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies; provided, however, such insurance reserve has been conditionally waived so long as the borrower maintains a blanket policy meeting the requirements of the 469 7th Avenue Whole Loan documents. With respect to Loan No. 8, 469 7th Avenue, during the continuance of a specified tenant trigger period, the borrower is required to deposit (a) $558,000 with respect to the Largest Tenant at the mortgaged property, The City of New York, and (b) with respect to or relating to any other specified tenant, an amount equal to all specified tenant excess cash flow for the interest accrual period immediately prior to the applicable monthly payment date, for tenant improvements and leasing commissions that may be incurred with respect to future leases of all or any portion of the related specified tenant space, provided, however, such amount on deposit may not exceed $100 per square foot of the applicable specified tenant space. With respect to Loan No. 12, PHX Industrial & LA Retail Portfolio, the property condition assessment prepared in connection with the origination of the PHX Industrial & LA Retail Portfolio Mortgage Loan for the Winn Dixie Prairieville Mortgaged Property identified roof leaks and water-stained ceiling tiles and recommended replacement of the roof, which replacement was estimated to cost approximately $315,000. The sole tenant at the Winn Dixie Prairieville Mortgaged Property, Winn-Dixie, is obligated to replace the roof pursuant to such tenant’s lease. In the event Winn-Dixie has not completed the roof replacement six months prior to the expiration date of such tenant’s lease, the borrowers are required, within two business days thereafter, to deposit the sum of $315,000.00 (in the form of cash or a letter of credit) into an account held by the lender to be held as additional collateral for the PHX Industrial & LA Retail Portfolio Mortgage Loan. Upon (i) the completion of the roof replacement, (ii) Winn-Dixie renewing such tenant’s lease, or (iii) the repayment of the debt, in each case in accordance with the applicable terms and conditions of the PHX Industrial & LA Retail Portfolio Mortgage Loan documents, the lender will disburse all Roof Repair Reserve Funds then on deposit to the borrowers. With respect to Loan No. 15, Home2 Suites & Holiday Inn Express Phoenix Portfolio, the borrowers will be required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as hereinafter defined) and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of the applicable FF&E Percentage (as hereinafter defined) of the annual gross revenues for the hotel related operations at the Mortgaged Property for the immediately preceding calendar year as reasonably determined by the lender. The FF&E Percentage means (i) from the origination date through and including the 12th monthly payment date, two percent, (ii) from the 13th monthly payment date through and including the 24th monthly payment date, three percent, and (iii) thereafter for so long as the Home2 Suites & Holiday Inn Express Phoenix Portfolio mortgage loan is outstanding, four percent. |
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With respect to Loan No. 16, La Habra Marketplace, Loan No. 19, Icon One Daytona and Loan No. 24, Art Ovation Hotel, the borrower is not required to make the monthly insurance deposits, provided that, (i) no event of default has occurred and is continuing, (ii) the policies maintained by the related borrower covering the related mortgaged property are part of a blanket or umbrella policy approved by the lender in its reasonable discretion, (iii) the related borrower provides the lender evidence of renewal of such policies and (iv) the borrower provides the lender paid receipts for the payment of the applicable insurance premiums by no later than ten (10) business days prior to the expiration dates of the policies, and (v) if law & ordinance coverage is not maintained as part of the blanket or umbrella policy approved by the lender, the related borrower is required to (x) maintain a separate law & ordinance policy for the mortgaged property. The related borrower is required to immediately commence monthly insurance deposits payments, within five (5) days of receipt of notice from the lender of the borrower’s failure to comply with the above conditions, which notice will instruct the borrower to immediately commence making all monthly insurance deposits. | |
With respect to Loan No. 18, Rising Sun Towne Centre, the borrower deposited $150,000 into the TI/LC Reserve on the origination date, which is required to be used for approved leasing expenses during the term of the loan. In addition, the borrower is required to make monthly deposits into a TI/LC reserve, prior to the occurrence of the downgrading by any rating agency of the investment grade rating of the guarantor under the Martin's Food Market lease (i.e., Fitch BBB-) (the “Martin’s Food Market Guarantor Downgrade”), the sum of $6,118.83, not to exceed $300,000 (the “TI/LC Reserve Cap”), until such time Dollar Tree has renewed its lease, expanded its premises or an acceptable replacement tenant takes occupancy in the Dollar Tree space (the “Ongoing TI/LC Renewal Conditions”). Upon the satisfaction of the Ongoing TI/LC Renewal Conditions, monthly deposits to TI/LC reserves will not be required under the mortgage loan documents. From and after the occurrence of a Martin’s Food Market Guarantor Downgrade, the borrower is required to make a monthly deposit of the sum of $12,237.67. As of the Cut-off Date, the guarantor under the Martin's Food Market lease is Koniklijke Ahold N.V. In the event that during the term of the loan, Koninklijke Ahold N.V.’s credit rating drops below investment grade (S&P BBB-), the Ongoing TI/LC Renewal Conditions will not be applicable, and the TI/LC Reserve Cap will be increased to $735,000 and ongoing TI/LC collections will begin at $1.00 per square per annum. With respect to Loan No. 22, Bell Works, the borrower is required to deposit approximately $114,289.17 into a leasing reserve, on a monthly basis, until the balance on deposit in such leasing reserve equals or exceeds $8,500,000. With respect to Loan No. 22, Bell Works, the borrower is required to deposit into a put price reserve, on a monthly basis, from the payment date occurring in July 2024 through and including the payment date in June 2026, an amount equal to approximately $82,130; provided that such obligation may be satisfied upon delivery to lender of a letter of credit in an amount not less than the amount sufficient to pay to HTC Investor all amounts due and payable in connection with the exercise of the put option, which letter of credit serves as additional collateral for the whole loan for so long as such letter of credit remains outstanding. With respect to Loan No. 23, 111 River Street, on the first payment date when the balance of the TI/LC reserve falls below $2,360,000 and on each payment date thereafter until the balance of the TI/LC reserve is at least $2,360,000, the borrowers will be required to escrow monthly the amount of $46,477 for tenant improvements and leasing commissions. | |
With respect to Loan No. 24, Art Ovation Hotel, the borrower is required to deposit the upfront amount of $12,000,000 as additional collateral for the mortgage loan as performance reserve funds. Provided no event of default has occurred and is continuing, the lender will disburse the performance reserve funds to the borrower upon the satisfaction of the following terms and conditions: (i) the borrower is required to submit a written request to the lender for a disbursement of the performance reserve funds, which request may be made (x) no more than once in any calendar quarter, (y) only after the securitization of the mortgage loan and (z) no later than July 14, 2027, (ii) after giving effect to the requested disbursement, the debt yield is no less than 12%, as | |
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determined by the lender; (iii) the borrower has provided the lender with all materials and information reasonably requested by the lender and (iv) the borrower has paid all of the lender’s costs and expenses incurred in connection with the borrower’s request. The Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations are based on the Art Ovation Whole Loan balance net of the $12,000,000 performance reserve. The Mortgage Loan Cut-off Date LTV Ratio, Whole Loan Cut-off Date LTV Ratio, Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) calculations based on the full outstanding principal balance of the Art Ovation Whole Loan (without netting the performance reserve) are 64.2%, 64.2%, 11.6% and 10.3%, respectively. With respect to Loan No. 26, Hampton Inn Richmond, the lender will hold back $2,784,030 at closing for completion of the Property Improvement Plan (“PIP”) which represents 125% of the borrower’s budget which was reviewed by EBI Consulting. Additionally, the guarantor will provide recourse regarding completion of the PIP. With respect to Loan No. 30, A&R Hospitality Portfolio, to replenish amounts drawn from the seasonality reserve, the borrowers are required to repay to and deposit with the lender the amount of each previous disbursement at any time after the disbursement is made and not later than the first anniversary of such disbursement. The seasonality reserve is subject to a cap of $850,000, subject to the lender’s right to increase or decrease the required amount and frequency of the borrowers’ deposits to the seasonality reserve based on certain conditions set forth in the A&R Hospitality Portfolio Whole Loan documents including, among other things, a material change in the monthly fluctuation of occupancy, average daily rate or operating income. With respect to Loan No. 38, Albertsons Clovis, during a Trigger Period, the borrower will be required to make monthly deposits into a TI/LC reserve in an amount equal to $3,623.67. However, this deposit will only be required to the extent that there is sufficient cash flow from the related mortgaged property to pay such amount. The TI/LC Reserve will be capped at $217,420. A "Trigger Period" means any period during which (i) an event of default is continuing or (ii) the debt yield falls below the Trigger Level until the debt yield exceeds the Trigger Level for two (2) consecutive quarters. In addition to the foregoing, any termination or default under the Albertsons lease, cessation of payment or if the tenant goes dark shall be deemed a Trigger Period as well. There is an uncapped sweep commencing 12 months prior to lease expiration. A "Trigger Level" means a debt yield of 9.50%. The debt yield will be tested by lender quarterly on a trailing 12-month basis by dividing underwritten net operating income (determined by lender) by the outstanding amount of the loan. With respect to Loan No. 38, Albertsons Clovis, during a Trigger Period, the borrower will be required to make monthly deposits into a replacement reserve in an amount equal to $0.20 per square foot per annum. | |
(20) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 1, Park West Village, 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 July 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 6.25% transient whole loan 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 Park West Village mortgaged property achieve a 6.25% transient whole loan 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. 3, 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 Yorkshire & Lexington Towers Mortgaged Properties achieve a 5.00% transient Total Debt 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. 5, 50 Tice Corporate Center, provided no event of default is existing, the borrower has the right to deliver to the lender a letter of credit in an amount equal to the then required tenant improvement/leasing commissions amount. With respect to Loan No. 10, Saks Fulfillment Center, the borrower may deliver a letter of credit to maintain the monthly real estate tax reserve waiver. With respect to Loan No. 11, Lakes Medical Center, the Replacement Reserve Cap ($) is equal to the product of (x) replacement reserve monthly deposit of $2.257.67 multiplied by (y) 36 months. With respect to Loan No. 11, Lakes Medical Center, the TI/LC Reserve Cap ($) is equal to $500,000. | |
With respect to Loan No. 12, PHX Industrial & LA Retail Portfolio, the TI/LC Reserve Cap ($) is equal to $540,000, for each applicable Leasing Reserve Tenant (“Leasing Reserve Tenant”) including Compound Photonics and Winn-Dixies and any other lessee that leases 55% or more of the applicable Leasing Reserve Tenant Space (“Leasing Reserve Tenant Space”) which is a portion of the applicable individual property demised as of the date hereof to the initial Leasing Reserve Tenant; provided, however, that upon the occurrence of a Leasing Reserve Cap Reduction Event (“Leasing Reserve Cap Reduction Event”) which shall mean that in connection with a re-tenanting of an applicable Leasing Reserve Tenant Space, all of the following conditions have been satisfied: (i) 50% or more of the square footage of such Leasing Reserve Tenant Space shall have been leased to one or more replacement tenants under Leases reasonably acceptable to Lender for a minimum of three years in each case, and (ii) such tenant is paying full, unabated rent pursuant to the terms hereof, such amount shall be reduced proportionally with respect to the applicable Leasing Reserve Tenant based upon the portion of the applicable Leasing Reserve Tenant Space that has been leased to one or more replacement tenants (for clarity, if 65% of the applicable Leasing Reserve Tenant Space is re-leased, the new Leasing Reserve Cap for the applicable Leasing Reserve Tenant would be reduced to $189,000). With respect to Loan No. 16, La Habra Marketplace, so long as no event of default is continuing, in the event that the balance of funds contained in the replacement reserve subaccount and the leasing reserve subaccount, in the aggregate, is equal to or greater than $1,250,000 (the “Reserve Cap”), then the borrower is not required to pay to lender the replacement reserve monthly deposit or the leasing reserve monthly deposit; provided, however, that upon such time as the balance of funds contained in the replacement reserve subaccount and the leasing reserve subaccount, in the aggregate, has been reduced to an amount less than the Reserve Cap, borrower is required to recommence paying to the lender the leasing reserve monthly deposit and the replacement reserve monthly deposit until such time as the balance of funds then contained in the leasing reserve subaccount and the replacement reserve subaccount, in the aggregate, is equal to or greater than the Reserve Cap. |
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With respect to Loan No. 17, Central States Industrial Portfolio, so long as no event of default is continuing, the TI/LC escrow will be abated so long as the balance in the TI/LC reserve is equal to or greater than $1,000,000. In addition to the upfront general TI/LC reserve, the lender will escrow approximately $331,584 for outstanding tenant improvements and leasing commissions in connection with four tenants under their existing leases. | |
With respect to Loan No. 20, Lakeshore Marketplace, provided that no event of default is continuing, in the event the balance of funds contained in the leasing reserve subaccount is equal to or greater than $750,000.00 (the “Leasing Reserve Cap”), the borrower will not be required to pay to the lender the leasing reserve monthly deposit; provided, however, that upon such time as the balance of funds then contained in the leasing reserve subaccount has been reduced to an amount less than the Leasing Reserve Cap, the borrower is required to recommence paying to the lender the leasing reserve monthly deposit until such time as the balance of funds then contained in the leasing reserve subaccount is equal to or greater than the Leasing Reserve Cap. With respect to Loan No. 20, Lakeshore Marketplace, provided that no event of default is continuing, in the event the balance of funds contained in the replacement reserve subaccount is equal to or greater than $350,000.00 (the “Replacement Reserve Cap”), the borrower will not be required to pay to the lender the replacement reserve monthly deposit; provided, however, that upon such time as the balance of funds then contained in the replacement reserve subaccount has been reduced to an amount less than the Replacement Reserve Cap, the borrower is required to recommence paying to the lender the replacement reserve monthly deposit until such time as the balance of funds then contained in the replacement reserve subaccount is equal to or greater than the Replacement Reserve Cap. With respect to Loan No. 25, 3455 Veterans Hwy, on a monthly basis, the borrower is required to deposit $1,264 for replacement reserves. Provided that a trigger period is not continuing, deposits into the replacement reserve are subject to a cap of $15,173. With respect to Loan No. 29, Fontainebleau Park Office Plaza, the TI/LC Reserve Cap is reduced to $100,000 after the fifth year of the loan term provided certain loan underwriting metrics are maintained and there has been no event of default. | |
(21) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the Largest Tenant at the Versailles, KY mortgaged property, Ledvance, LLC, has 188,554 square feet expiring on April 30, 2023, and 187,744 square feet expiring on April 30, 2027. With respect to Loan No. 11, Lakes Medical Center, the Largest Tenant, Shores III, L.L.C., currently subleases a portion of its premises totaling 20,739 SF to West Bloomfield Surgery Center, LLC, which sublease expires June 30, 2030. With respect to Loan No. 11, Lakes Medical Center, the Largest Tenant, Shores III, L.L.C., currently subleases a portion of its premises totaling 5,388 SF to Trinity Health-Michigan, d/b/a St. Joseph Mercy Oakland, which sublease expires February 28, 2024. With respect to Loan No. 11, Lakes Medical Center, the Largest Tenant, Shores III, L.L.C., currently subleases a portion of its premises totaling 4,835 SF to Michigan Institute of Urology, P.C., which sublease expires July 31, 2026. |
(22) | 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. |
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With respect to Loan No. 28, Hayes Mechanical Industrial Portfolio, two affiliated companies, Hayes Commercial LLC and Hayes Services LLC, are collectively the sole tenant of all five properties. The lease began on the loan closing date of June 3, 2022, for a stated 15-year term and therefore expires on or about June 2, 2037. The loan matures on June 6, 2032. | |
(23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the Second Largest Tenant at the Memphis, TN mortgaged property, Fedex, may terminate on 30 days' notice if the employees of another tenant become subject to a collective bargaining unit. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the Largest Tenant at the Rockford, IL mortgaged property, Amazon, may terminate on 30 days’ notice if a material interference with Amazon’s business due to lack of access or interruption of utilities is caused by the landlord or the landlord’s agents continues for 180 days, but the notice will be void if the problem is cured within the 30 days. If the material interference is not due to the landlord or the landlord’s agents and the interference continues for 270 days, Amazon may terminate on 30 days’ notice, but the notice will be void if the problem is cured within the 30 days. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the Largest Tenant at the Rockford, IL mortgaged property, Amazon, has a lease expiration of November 30, 2026. Since the expiration is between October 1 and March 30, the lease term will extend through March 31, 2027, unless Amazon opts out of the optional holiday extension by providing 270 days’ notice. With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the Largest Tenant at the Versailles, KY mortgaged property, Ledvance, LLC, has the right to terminate its lease for one or both of (x) 97,062 square feet (representing approximately 25.8% of its leased space) and (y) 91,492 square feet (representing approximately 24.3% of its leased space) at any time on or after November 1, 2022 with at least 60 days’ prior written notice to the landlord, which notice identifies the space to be terminated, and Ledvance, LLC not being in default under the lease it seeks to terminate on the termination date specified in its termination notice. With respect to Loan No. 5, 50 Tice Corporate Center, the Largest Tenant, Eagle Pharmaceuticals, has the right to terminate the lease on or after March 31, 2024, by providing 270 days’ notice delivered no earlier than July 1, 2023. With respect to Loan No. 5, 50 Tice Corporate Center, the Second Largest Tenant, HDR, has the right to terminate its lease at any time on or after February 28, 2029 with the payment of a termination fee equal to the unamortized cost of (i) all of the landlord’s work, (ii) all broker’s fees, (iii) any abated or free rent, (iv) interest on such termination fee at the rate of 6% per annum from the commencement date through the payment of the such termination fee. With respect to Loan No. 5, 50 Tice Corporate Center, the Fifth Largest Tenant, Price Meese Shulman, has the right to terminate the lease at any time on June 30, 2024 by providing a notice any time on or prior to December 31, 2023. With respect to Loan No. 6, Center Pointe Plaza I, the Fourth Largest Tenant, Boot Barn, has the right to terminate the lease if Boot Barn’s gross sales during year five (March 2026 through February 2027) are $2.1 million or less by providing a notice within 90 days at the end of year five. |
With respect to Loan No. 8, 469 7th Avenue, the Largest Tenant at the mortgaged property, The City of New York, may terminate its lease for the entire premises, the sixth floor or the fourth and sixth floors any time after | |
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October 15, 2024 upon at least 12 months’ notice and payment of a termination fee in an amount equal to the sum of (i) the tenant work costs based on a straight-line amortization over the first 15 years of the lease term and (ii) the tenant broker fee based on a straight-line amortization over the first 15 years of the lease term. | |
With respect to Loan No. 8, 469 7th Avenue, the Second Largest Tenant at the mortgaged property, In Touch Group, LLC, may terminate its lease for all three floors on September 30, 2028 upon at least 15 months’ notice and no termination fee. With respect to Loan No. 9, Wells Fargo Center Tampa, the Largest Tenant, Wells Fargo Bank, has the option to give back either the entire ninth floor (20,367 SF) or tenth floor (20,147 SF) effective on July 31, 2025 with notice no later than August 31, 2023 and payment of a contraction fee. The Second Largest Tenant, Phelps Dunbar, LLP has the right to terminate its lease on October 31, 2024 with a written notice no later than October 31, 2023 and the payment of a termination fee. With respect to Loan No. 11, Lakes Medical Center, the subtenant of Shores III, L.L.C., West Bloomfield Surgery Center, has a one-time right to terminate its sublease effective June 30, 2027. The subtenant may only exercise a termination option with written notice on or before January 1, 2025 and if the subtenant is not in default. With respect to Loan No. 11, Lakes Medical Center, the subtenant of Shores III, L.L.C., Trinity Health-Michigan, d/b/a St. Joseph Mercy Oakland, has a one-time right to terminate its sublease with 180 days’ advance written notice. With respect to Loan No. 12, PHX Industrial & LA Retail Portfolio, the Second Largest Tenant at the Chandler Tech Center mortgaged property, Compound Phonetics has one termination option in the event that the borrower determines to use the premises for other purposes and no suitable space is available to relocate in the same building for Compound Phonetics. With respect to Loan No. 17, Central States Industrial Portfolio, each of the mortgaged properties in the portfolio are occupied by single tenants (except the Empire A&B Mortgaged Property). However, such single tenants do not have near-term rollover for the next 24 months (until October 2024). | |
(24) | Intentionally blank |
(25) | Each letter identifies a group of related borrowers. |
(26) | The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” in the preliminary prospectus for further details. |
(27) | With respect to Loan No. 22, Bell Works, the mortgaged property is subject to a 30-year PILOT agreement, dated June 17, 2014, between the borrower and Holmdel Township. The borrower is obligated to make PILOT payments in exchange for certain exemptions from property taxes on real and personal property. The PILOT payment is based on a formula that factors in the percentage of the gross annual rent generated at the mortgaged property. For the first five years of the term the percentage is 10.25%, and thereafter the percentage increases 0.25% through year 25 with a cap set at an amount equal to 80% of what conventional taxes would be otherwise. Taxes were underwritten at $3,707,005 based on 10.5% of underwritten effective gross income per the terms of the PILOT agreement. Additionally, in connection with the rehabilitation and conversion of the mortgaged property to its current use, the mortgaged property qualifies for an HTC allowed for qualified rehabilitation expenditures incurred in connection with the certified rehabilitation of a certified historic structure and the HTCs are not collateral for the mortgage loan. The borrower leases the mortgaged property to the Bell Works Master Lessee pursuant to the terms of that certain Master Lease Agreement dated December 14, 2017, as amended (the “Bell Works Master Lease”). The borrower elected to pass-through the HTC to the Bell Works Master Lessee. Pursuant to a subordination, non-disturbance and attornment agreement |
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among the lender, the borrower, the Bell Works Master Lessee and the Bell Works HTC Investor, the Bell Works Master Lease is subordinate to the lien of the mortgage in exchange for the lender’s agreement to not terminate the Bell Works Master Lease until the next business day following the 5th anniversary of the date on which the last qualified rehabilitation expenditure as with respect to the mortgaged property is first placed in service, but in no event later than April 1, 2026. Pursuant to the subordination, non-disturbance and attornment agreement, the lender must provide Bell Works HTC Investor prior written notice of its intention to commence any enforcement action under the mortgage loan documents, the Bell Works HTC Investor is entitled to receive notices of defaults under the mortgage loan documents, and the Bell Works HTC Investor has a period of not less than 10 days to cure such defaults. In addition, the Bell Works HTC Investor has certain rights to remove the borrower’s general partner and/or the Bell Works Master Lessee’s managing member, subject to certain terms and conditions set forth in the subordination, non-disturbance and attornment agreement. With respect to Loan No. 23, 111 River Street, the mortgaged property is not subject to the imposition or payment of taxes during the term of the ground lease, provided that, in lieu thereof, the borrowers will be required to pay to the City of Hoboken, New Jersey, in equal quarterly installments, the annual PILOT rent, which is the product of the Applicable PILOT Rate (as subject to adjustment) and the applicable number of development square feet. The initial Applicable PILOT Rate was set at $2.00 PSF and increased by 2.75% compounded annually with increases effective every five years. Starting in May 2022 the PILOT Rate will increase yearly by the greater of (i) 2.00% and (ii) the increase in the tax rate for Hudson County. The borrowers have the right at any time to have the 111 River Street Mortgaged Property placed on the tax rolls and become subject to the payment of ad valorem real estate taxes (at which time, the borrowers’ obligation to make the annual PILOT rent payments will cease); however, pursuant to the 111 River Street Whole Loan documents, the borrowers have agreed to not to make any such election to have the 111 River Street Property placed on the tax rolls or to otherwise cause, permit or suffer the mortgaged property (or any portion thereof) to become subject to the payment of ad valorem real estate taxes. If not earlier terminated, the PILOT is co-terminus with the ground lease (expiring September 30, 2098). | |
(28) | With respect to Loan No. 13, ACME Mahwah, as of August 5, 2022, 100% of NRA at the ACME Mahwah Property was leased to ACME Supermarkets under a triple-net master lease with a scheduled expiration date of February 28, 2034 (subject to seven, five-year renewal options remaining). With respect to Loan No. 22, Bell Works, Somerset Holmdel Development I Urban Renewal, L.P. entered into a master lease with Bell Works Master Tenant, LLC on December 14, 2017, for a 32-year term with an expiration date on December 14, 2049. |
(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. |
(30) | Intentionally blank |
(31) | With respect to Loan No. 1, Park West Village, the UW NOI is greater than Most Recent NOI due in part to (i) the borrower sponsors recently renovating 29 units, which has increased rents at the Park West Village Mortgaged Property and (ii) disbursements from the Supplemental Income Reserve of $4,920,000. |
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With respect to Loan No. 3, Yorkshire & Lexington Towers, the UW NOI is greater than Most Recent NOI due in part to (i) the borrower sponsors recently renovating 57 units, which has increased rents at the Yorkshire & Lexington Towers Mortgaged Properties, (ii) underwritten straight-lined rent for CVS Pharmacy and (iii) disbursements from the Supplemental Income Reserve of $5,226,004. | |
With respect to Loan No. 4, Phoenix Industrial Portfolio IX, the increase from the Most Recent NOI ($) to the Underwritten Net Operating Income ($) is primarily attributable to leasing totaling an additional approximately $4.1 million in base rent, $335,509 in rent steps through October 2023, $21,103 in straight-lined rent for Amazon and an additional approximately $1.1 million in recoveries. The 2022 statement only includes partial year information for the Iowa City, IA mortgaged property because it was 100% vacant. Additionally, the utilities expense was underwritten $671,666 less due to the elimination of excess use charges and installation of high efficiency LED lighting at the Versailles, KY mortgaged property and Amazon, the Largest Tenant at the Rockford, IL mortgaged property, being separately metered and paying gas bills directly to the utility company. With respect to Loan No. 8, 469 7th Avenue, the Underwritten Net Operating Income ($) is greater than the Most Recent NOI ($) and Second Most Recent NOI ($) due in part to approximately $849,437 of straight-line averaging rent over the lease term for investment grade tenants, The City of New York and TD Bank, N.A., plus contractual rent steps through August 1, 2023. | |
(32) | Intentionally blank |
(33) | With respect to Loan No. 1, Park West Village, the borrowers own the mortgaged property as tenants-in-common. With respect to Loan No. 3, Yorkshire & Lexington Towers, the borrowers own the mortgaged properties as tenants-in-common. With respect to Loan No. 9, Wells Fargo Center Tampa, the borrowers own the mortgaged properties as tenants-in-common. With respect to Loan No. 13, ACME Mahwah, the borrowers own the mortgaged property as tenants-in-common. With respect to Loan No. 17, Central States Industrial Portfolio, the borrowers own the related mortgaged properties as tenants-in-common. With respect to Loan No. 23, 111 River Street, the borrowers own the mortgaged property as tenants-in-common. |
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