| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-261764-01 |
| | |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
| | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 7.5% | 100.0% | CREFI, SMC, BMO | CREFI | NAP | NAP | 784, 788 and 792 Columbus Avenue |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 7.2% | 100.0% | DBRI | GACC | NAP | NAP | 330 West 34th Street |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 7.2% | | CREFI | CREFI | NAP | NAP | Various |
3.01 | Property | | 1 | Eagle Springs | 1.5% | 20.5% | | | | | 1101 Eagle Springs Road |
3.02 | Property | | 1 | Danville | 1.5% | 20.4% | | | | | 360 Ringgold Industrial Parkway |
3.03 | Property | | 1 | Blythewood | 1.4% | 19.1% | | | | | 1091 Carolina Pines Drive |
3.04 | Property | | 1 | Menasha | 0.7% | 9.3% | | | | | 741-748 Fourth Street |
3.05 | Property | | 1 | Tremonton | 0.6% | 8.2% | | | | | 760 West 1000 North |
3.06 | Property | | 1 | Carbondale | 0.6% | 8.0% | | | | | 2200 North McRoy Drive |
3.07 | Property | | 1 | Marysville | 0.5% | 7.4% | | | | | 317 Kendall Street |
3.08 | Property | | 1 | Midland | 0.5% | 7.2% | | | | | 13722 Bill Mcgee Road |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 6.0% | 100.0% | CREFI | CREFI | NAP | NAP | 225 East Coastline Drive |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 5.9% | 100.0% | CREFI, UBS AG | CREFI | NAP | NAP | 469 Seventh Avenue |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 5.2% | 100.0% | CREFI | CREFI | NAP | NAP | 100 Ashley Drive South |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 5.2% | | CREFI | CREFI | Group 2 | NAP | Various |
7.01 | Property | | 1 | Your Extra Closet - Oxford | 2.8% | 55.0% | | | | | 8 Industrial Park Drive (Primary), 476 Highway 6 West (Satellite), 108 Allison Cove (Satellite), 77 County Road 102 (Satellite), 111 Mall Drive (Satellite) and 610 McLarty Road (Satellite) |
7.02 | Property | | 1 | Your Extra Closet - Starkville | 1.2% | 22.8% | | | | | 1003 Old Highway 182 East (Primary), 612 Dr. Martin Luther King Jr. Drive West (Primary), 1002 North Jackson Street (Satellite) and 102 Lynn Lane (Satellite) |
7.03 | Property | | 1 | Your Extra Closet - Valley View | 0.4% | 8.2% | | | | | 5925 Southwest Drive (Primary) and 2118 Clinton School Road (Satellite) |
7.04 | Property | | 1 | Your Extra Closet - Brookland | 0.4% | 7.1% | | | | | 9447 US 49 North (Primary), 3803 Linwood Drive (Satellite) and 603 North 14th Street (Satellite) |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | 0.4% | 7.0% | | | | | 3119 Mead Drive |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 4.7% | 100.0% | JPMCB, BANA | JPMCB | Group 1 | NAP | 5000 Katy Mills Circle |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 3.8% | 100.0% | GSBI, WFB | GSMC | Group 1 | NAP | 400 South Wilson Road |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 3.7% | | CREFI | CREFI | NAP | NAP | Various |
10.01 | Property | | 1 | Aldi - Tulsa | 0.4% | 9.4% | | | | | 2711 South Harvard Avenue |
10.02 | Property | | 1 | Hobby Lobby - Arnold | 0.3% | 8.8% | | | | | 30 Arnold Mall |
10.03 | Property | | 1 | Walgreens - Rock Falls | 0.3% | 8.8% | | | | | 1700 1st Avenue |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | 0.3% | 8.1% | | | | | 298 West Butler Avenue |
10.05 | Property | | 1 | Walgreens - Wyncote | 0.3% | 8.1% | | | | | 2727 West Cheltenham Avenue |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | 0.2% | 5.0% | | | | | 4418 Emerson Avenue |
10.07 | Property | | 1 | Huntington Bank - Canton | 0.1% | 3.9% | | | | | 47152 Michigan Avenue |
10.08 | Property | | 1 | Dollar Tree - Herrin | 0.1% | 3.5% | | | | | 1704 South Park Avenue |
10.09 | Property | | 1 | Dollar General - Diamond | 0.1% | 3.4% | | | | | 1185 East Division Street |
10.1 | Property | | 1 | Dollar Tree - Chicago | 0.1% | 3.4% | | | | | 4800 West Fullerton Avenue |
10.11 | Property | | 1 | Dollar General - Ocala | 0.1% | 3.1% | | | | | 2685 Northeast 14th Street |
10.12 | Property | | 1 | Dollar Tree - Harrah | 0.1% | 2.9% | | | | | 3158 South Harrah Road |
10.13 | Property | | 1 | Dollar Tree - De Soto | 0.1% | 2.9% | | | | | 12949 Missouri Highway 21 |
10.14 | Property | | 1 | Dollar General - Butler | 0.1% | 2.8% | | | | | 511 Route 422 East |
10.15 | Property | | 1 | Family Dollar - Fort Worth | 0.1% | 2.8% | | | | | 2300 Mansfield Highway |
10.16 | Property | | 1 | Dollar Tree - Cowpens | 0.1% | 2.7% | | | | | 5401 North Main Street |
10.17 | Property | | 1 | Dollar Tree - Fairfield | 0.1% | 2.6% | | | | | 6621 Aaron Aronov Drive |
10.18 | Property | | 1 | Dollar Tree - Roanoke | 0.1% | 2.5% | | | | | 4952 Valley View Boulevard North |
10.19 | Property | | 1 | Family Dollar - Jacksonville | 0.1% | 2.4% | | | | | 2100 Burgaw Highway |
10.2 | Property | | 1 | Dollar Tree - San Elizario | 0.1% | 2.4% | | | | | 13272 Socorro Road |
10.21 | Property | | 1 | Dollar General - Topeka | 0.1% | 2.3% | | | | | 4210 Northwest Topeka Boulevard |
10.22 | Property | | 1 | Family Dollar - Warren | 0.1% | 2.1% | | | | | 1840 Elm Road Northeast |
10.23 | Property | | 1 | Dollar General - Pembroke | 0.1% | 2.1% | | | | | 3151 Union Chapel Road |
10.24 | Property | | 1 | Dollar General - Mount Airy | 0.1% | 2.1% | | | | | 1560 East Pine Street |
10.25 | Property | | 1 | Family Dollar - East Canton | 0.1% | 1.8% | | | | | 406 Noble Street West |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 3.6% | 100.0% | JPMCB, MSBNA | JPMCB | NAP | NAP | 1000 Woodward Avenue |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 3.0% | 100.0% | DBRI, BANA | GACC | Group 1 | NAP | 8201 Concord Mills Boulevard |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 2.8% | 100.0% | DBRI | GACC | NAP | NAP | 3980 and 3980A Sheridan Drive |
14 | Loan | | 1 | Graham Capital HQ | 2.4% | 100.0% | CREFI | CREFI | NAP | NAP | 40 Highland Avenue |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 2.2% | 100.0% | GSBI | GSMC | NAP | NAP | 1430 South Babcock Street |
16 | Loan | | 1 | Gateway Hanover | 2.2% | 100.0% | CREFI | CREFI | NAP | NAP | 41-191 Wilson Avenue |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 1.9% | | GSBI, SGFC, BMO | GSMC | NAP | NAP | Various |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | 0.4% | 20.1% | | | | | 3111 Loop Road |
17.02 | Property | | 1 | Beachside Gulf Shores | 0.3% | 17.8% | | | | | 610 West Beach Boulevard |
17.03 | Property | | 1 | Home2Suites Mobile | 0.3% | 14.3% | | | | | 5460 Inn Road |
17.04 | Property | | 1 | Home2Suites Daphne | 0.2% | 12.9% | | | | | 8943 Sawwood Street |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | 0.2% | 12.2% | | | | | 3947 Gulf Shores Parkway |
17.06 | Property | | 1 | Gulf Shores Motel 6 | 0.1% | 7.1% | | | | | 3025 West 1st Street |
17.07 | Property | | 1 | Red Roof Pensacola | 0.1% | 6.4% | | | | | 2591 Wilde Lake Boulevard |
17.08 | Property | | 1 | Quality Inn Gulf Shores | 0.1% | 4.9% | | | | | 213 West Fort Morgan Road |
17.09 | Property | | 1 | Red Roof Gulf Shores | 0.1% | 4.4% | | | | | 3049 West 1st Street |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 1.8% | 100.0% | CREFI, BMO, BCREI | CREFI | NAP | NAP | 101 Crawfords Corner Road |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 1.7% | 100.0% | CREFI | CREFI | NAP | NAP | 300, 320 and 340 East Big Beaver Road |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 1.6% | | GSBI | GSMC | NAP | NAP | Various |
20.01 | Property | | 1 | 1 Hanover Square | 0.8% | 52.2% | | | | | 1 Hanover Square |
20.02 | Property | | 1 | 54 Stone Street | 0.5% | 33.6% | | | | | 54 Stone Street |
20.03 | Property | | 1 | 30 Water Street | 0.2% | 14.2% | | | | | 30 Water Street |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 1.5% | 100.0% | GSBI | GSMC | NAP | NAP | 16900 Chesterfield Airport Road |
22 | Loan | 93 | 1 | Peery Hotel | 1.5% | 100.0% | DBRI | GACC | NAP | NAP | 110 West Broadway |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 1.4% | 100.0% | DBRI | GACC | Group 3 | NAP | 2525 Revenue Drive |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 1.4% | | DBRI | GACC | NAP | NAP | Various |
24.01 | Property | | 1 | 1468 West Hospital Road | 0.4% | 29.5% | | | | | 1468 West Hospital Road |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | 0.3% | 25.4% | | | | | 4520 and 4804 North State Road 37 |
24.03 | Property | | 1 | 2531 Jewett Lane | 0.3% | 22.5% | | | | | 2531 Jewett Lane |
24.04 | Property | | 1 | 4086 Michigan Avenue | 0.3% | 22.5% | | | | | 4086 Michigan Avenue |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 1.4% | 100.0% | GSBI | GSMC | NAP | NAP | 5900-5901 Southwest 74th Street |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
| | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 1.2% | 100.0% | GSBI | GSMC | NAP | NAP | 4023 Oak Lawn Avenue |
27 | Loan | 99 | 1 | Residence Inn Florence | 1.2% | 100.0% | GSBI | GSMC | NAP | NAP | 1000 Sweetwater Avenue |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 1.2% | 100.0% | CREFI | CREFI | NAP | NAP | 50 South B.B. King Boulevard |
29 | Loan | | 2 | South Loop & Bloomingdale | 1.2% | | CREFI | CREFI | NAP | NAP | Various |
29.01 | Property | | 1 | South Loop Retail | 0.8% | 71.8% | | | | | 1130 South Canal Street |
29.02 | Property | | 1 | Bloomingdale Retail | 0.3% | 28.2% | | | | | 525 West Army Trail Road |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 1.2% | | DBRI | GACC | NAP | NAP | Various |
30.01 | Property | | 1 | Pavilions Shopping Center | 0.6% | 55.6% | | | | | 1403 South Lake Park Avenue |
30.02 | Property | | 1 | 37th Ave Shopping Center | 0.5% | 44.4% | | | | | 1721-1985 East 37th Avenue and 709 North Hobart Road |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 1.1% | 100.0% | DBRI | GACC | Group 3 | NAP | 3603-3637 Union Road |
32 | Loan | 113 | 1 | Elyria Industrial | 1.0% | 100.0% | GSBI | GSMC | NAP | NAP | 745 Leo Bullocks Parkway |
33 | Loan | | 1 | 850 Technology Way | 0.9% | 100.0% | CREFI | CREFI | NAP | NAP | 850-868 Technology Way |
34 | Loan | 9, 114 | 1 | Riverport Tower | 0.8% | 100.0% | GSBI | GSMC | NAP | NAP | 13736 Riverport Drive |
35 | Loan | | 1 | CollegePlace Clemson | 0.8% | 100.0% | CREFI | CREFI | NAP | NAP | 201 and 203 Pine Street |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 0.7% | | CREFI | CREFI | Group 2 | NAP | Various |
36.01 | Property | | 1 | Abe's Storage - Holly | 0.4% | 50.4% | | | | | 10433 North Holly Road |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | 0.4% | 49.6% | | | | | 5172 South Saginaw Road |
37 | Loan | 115 | 1 | 1 Paramount Drive | 0.7% | 100.0% | JPMCB | JPMCB | NAP | NAP | 1 Paramount Drive |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 0.7% | 100.0% | CREFI | CREFI | NAP | NAP | 325 West Main Street |
39 | Loan | | 1 | North Creek Business Center | 0.5% | 100.0% | CREFI | CREFI | NAP | NAP | 18501 Maple Creek Drive |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated |
| | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | New York | New York | New York | 10025 | Multifamily | High Rise | 1950, 1958, 1963 | 2014 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | New York | New York | New York | 10001 | Other | Leased Fee | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | Various | Various | Various | Various | Industrial | Various | Various | Various |
3.01 | Property | | 1 | Eagle Springs | Danville | Pittsylvania | Virginia | 24540 | Industrial | Warehouse/Distribution | 1987 | 2017 |
3.02 | Property | | 1 | Danville | Danville | Pittsylvania | Virginia | 24540 | Industrial | Warehouse/Distribution | 2004 | NAP |
3.03 | Property | | 1 | Blythewood | Blythewood | Richland | South Carolina | 29016 | Industrial | Manufacturing | 1999 | 2014 |
3.04 | Property | | 1 | Menasha | Menasha | Winnebago | Wisconsin | 54952 | Industrial | Manufacturing | 1920 | 2004 |
3.05 | Property | | 1 | Tremonton | Tremonton | Box Elder | Utah | 84337 | Industrial | Manufacturing | 1997 | NAP |
3.06 | Property | | 1 | Carbondale | Carbondale | Jackson | Illinois | 62901 | Industrial | Warehouse/Distribution | 1995 | NAP |
3.07 | Property | | 1 | Marysville | Marysville | Saint Clair | Michigan | 48040 | Industrial | Manufacturing | 1943 | 1987 |
3.08 | Property | | 1 | Midland | Midland | Cabarrus | North Carolina | 28107 | Industrial | Warehouse/Distribution | 2016 | NAP |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | Jacksonville | Duval | Florida | 32202 | Hospitality | Full Service | 2001 | 2005, 2015, 2018, 2021 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | New York | New York | New York | 10018 | Office | CBD | 1921 | 2012 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | Tampa | Hillsborough | Florida | 33602 | Office | CBD | 1985 | 2022 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various |
7.01 | Property | | 1 | Your Extra Closet - Oxford | Oxford | Lafayette | Mississippi | 38655 | Self Storage | Self Storage | 1993, 1996, 1998, 1999, 2002, 2005, 2011, 2014, 2016, 2018 | 2013-2018 |
7.02 | Property | | 1 | Your Extra Closet - Starkville | Starkville | Oktibbeha | Mississippi | 39759 | Self Storage | Self Storage | 1989, 1990, 1992, 1994, 1995, 2000, 2003, 2007, 2015, 2017 | 2016-2018 |
7.03 | Property | | 1 | Your Extra Closet - Valley View | Jonesboro | Craighead | Arkansas | 72404, 72401 | Self Storage | Self Storage | 2005-2018 | 2018 |
7.04 | Property | | 1 | Your Extra Closet - Brookland | Brookland, Paragould | Craighead, Greene | Arkansas | 72417, 72450 | Self Storage | Self Storage | 1977, 1994, 2018, 2019 | 2018, 2019 |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | Jonesboro | Craighead | Arkansas | 72404 | Self Storage | Self Storage | 1985 | 2015 |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | Katy | Harris | Texas | 77494 | Retail | Super Regional Mall | 1999 | 2019 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | Sunbury | Delaware | Ohio | 43074 | Retail | Outlet Center | 2016 | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | Various | Various | Various | Various | Retail | Single Tenant | Various | Various |
10.01 | Property | | 1 | Aldi - Tulsa | Tulsa | Tulsa | Oklahoma | 74114 | Retail | Single Tenant | 2000 | 2021 |
10.02 | Property | | 1 | Hobby Lobby - Arnold | Arnold | Jefferson | Missouri | 63010 | Retail | Single Tenant | 1970 | 2008 |
10.03 | Property | | 1 | Walgreens - Rock Falls | Rock Falls | Whiteside | Illinois | 61071 | Retail | Single Tenant | 2005 | NAP |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | Chalfont | Bucks | Pennsylvania | 18914 | Retail | Single Tenant | 1999 | NAP |
10.05 | Property | | 1 | Walgreens - Wyncote | Wyncote | Montgomery | Pennsylvania | 19095 | Retail | Single Tenant | 2003 | NAP |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | Parkersburg | Wood | West Virginia | 26104 | Retail | Single Tenant | 1999 | NAP |
10.07 | Property | | 1 | Huntington Bank - Canton | Canton | Wayne | Michigan | 48188 | Retail | Single Tenant | 2007 | NAP |
10.08 | Property | | 1 | Dollar Tree - Herrin | Herrin | Williamson | Illinois | 62948 | Retail | Single Tenant | 2020 | NAP |
10.09 | Property | | 1 | Dollar General - Diamond | Diamond | Grundy | Illinois | 60416 | Retail | Single Tenant | 2000 | NAP |
10.1 | Property | | 1 | Dollar Tree - Chicago | Chicago | Cook | Illinois | 60639 | Retail | Single Tenant | 1942 | 2010 |
10.11 | Property | | 1 | Dollar General - Ocala | Ocala | Marion | Florida | 34470 | Retail | Single Tenant | 2009 | NAP |
10.12 | Property | | 1 | Dollar Tree - Harrah | Harrah | Oklahoma | Oklahoma | 73045 | Retail | Single Tenant | 2021 | NAP |
10.13 | Property | | 1 | Dollar Tree - De Soto | De Soto | Jefferson | Missouri | 63020 | Retail | Single Tenant | 2020 | NAP |
10.14 | Property | | 1 | Dollar General - Butler | Butler | Butler | Pennsylvania | 16002 | Retail | Single Tenant | 2016 | NAP |
10.15 | Property | | 1 | Family Dollar - Fort Worth | Fort Worth | Tarrant | Texas | 76119 | Retail | Single Tenant | 2019 | NAP |
10.16 | Property | | 1 | Dollar Tree - Cowpens | Cowpens | Spartanburg | South Carolina | 29330 | Retail | Single Tenant | 1996 | 2021 |
10.17 | Property | | 1 | Dollar Tree - Fairfield | Fairfield | Jefferson | Alabama | 35064 | Retail | Single Tenant | 2001 | NAP |
10.18 | Property | | 1 | Dollar Tree - Roanoke | Roanoke | Roanoke City | Virginia | 24012 | Retail | Single Tenant | 1993 | 2021 |
10.19 | Property | | 1 | Family Dollar - Jacksonville | Jacksonville | Onslow | North Carolina | 28540 | Retail | Single Tenant | 2016 | NAP |
10.2 | Property | | 1 | Dollar Tree - San Elizario | San Elizario | El Paso | Texas | 79849 | Retail | Single Tenant | 2022 | NAP |
10.21 | Property | | 1 | Dollar General - Topeka | Topeka | Shawnee | Kansas | 66617 | Retail | Single Tenant | 2014 | NAP |
10.22 | Property | | 1 | Family Dollar - Warren | Warren | Trumbull | Ohio | 44483 | Retail | Single Tenant | 1959 | 2014 |
10.23 | Property | | 1 | Dollar General - Pembroke | Pembroke | Robeson | North Carolina | 28372 | Retail | Single Tenant | 2019 | NAP |
10.24 | Property | | 1 | Dollar General - Mount Airy | Mount Airy | Surry | North Carolina | 27030 | Retail | Single Tenant | 2013 | NAP |
10.25 | Property | | 1 | Family Dollar - East Canton | East Canton | Stark | Ohio | 44730 | Retail | Single Tenant | 1966 | 2022 |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | Detroit | Wayne | Michigan | 48226 | Office | CBD | 2003 | 2019-2020 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | Concord | Cabarrus | North Carolina | 28027 | Retail | Super Regional Mall | 1999 | 2016-2021 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | Amherst | Erie | New York | 14226 | Office | Medical | 1971, 2008 | 2014 |
14 | Loan | | 1 | Graham Capital HQ | Norwalk | Fairfield | Connecticut | 06853 | Office | Suburban | 1916, 1989 | 2003 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | Melbourne | Brevard | Florida | 32901 | Hospitality | Extended Stay | 2008 | 2017 |
16 | Loan | | 1 | Gateway Hanover | Hanover | York | Pennsylvania | 17331 | Retail | Anchored | 2011 | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | Various | Various | Various | Various | Hospitality | Various | Various | Various |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | Orange Beach | Baldwin | Alabama | 36561 | Hospitality | Limited Service | 2008 | 2022 |
17.02 | Property | | 1 | Beachside Gulf Shores | Gulf Shores | Baldwin | Alabama | 36542 | Hospitality | Limited Service | 1985 | 2022 |
17.03 | Property | | 1 | Home2Suites Mobile | Mobile | Mobile | Alabama | 36619 | Hospitality | Extended Stay | 2019 | NAP |
17.04 | Property | | 1 | Home2Suites Daphne | Daphne | Baldwin | Alabama | 36527 | Hospitality | Extended Stay | 2021 | NAP |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | Gulf Shores | Baldwin | Alabama | 36542 | Hospitality | Extended Stay | 2009 | 2020-2021 |
17.06 | Property | | 1 | Gulf Shores Motel 6 | Gulf Shores | Baldwin | Alabama | 36542 | Hospitality | Limited Service | 2003 | 2018 |
17.07 | Property | | 1 | Red Roof Pensacola | Pensacola | Escambia | Florida | 32526 | Hospitality | Limited Service | 1996 | NAP |
17.08 | Property | | 1 | Quality Inn Gulf Shores | Gulf Shores | Baldwin | Alabama | 36542 | Hospitality | Limited Service | 2000 | 2019 |
17.09 | Property | | 1 | Red Roof Gulf Shores | Gulf Shores | Baldwin | Alabama | 36542 | Hospitality | Limited Service | 1996 | 2018 |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | Holmdel | Monmouth | New Jersey | 07733 | Office | Suburban | 1962, 1964, 1982 | 2017 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | Troy | Oakland | Michigan | 48083 | Office | Suburban | 1986 | 2019 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | New York | New York | New York | 10004 | Various | Various | Various | NAP |
20.01 | Property | | 1 | 1 Hanover Square | New York | New York | New York | 10004 | Retail | Single Tenant | 1851 | NAP |
20.02 | Property | | 1 | 54 Stone Street | New York | New York | New York | 10004 | Mixed Use | Retail/Multifamily | 1935 | NAP |
20.03 | Property | | 1 | 30 Water Street | New York | New York | New York | 10004 | Retail | Single Tenant | 1900 | NAP |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | Chesterfield | St. Louis | Missouri | 63005 | Retail | Anchored | 2005-2007 | NAP |
22 | Loan | 93 | 1 | Peery Hotel | Salt Lake City | Salt Lake | Utah | 84101 | Hospitality | Full Service | 1910 | 2018-2019 |
23 | Loan | 94, 95 | 1 | Bloomington IRS | Bloomington | McLean | Illinois | 61705 | Industrial | Warehouse/Distribution | 2008 | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | Various | Various | Various | Various | Industrial | Warehouse | Various | Various |
24.01 | Property | | 1 | 1468 West Hospital Road | Paoli | Orange | Indiana | 47454 | Industrial | Warehouse | 1965 | 2009 |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | Orleans | Orange | Indiana | 47452 | Industrial | Warehouse | 1969 | 2012 |
24.03 | Property | | 1 | 2531 Jewett Lane | Sanford | Seminole | Florida | 32771 | Industrial | Warehouse | 1969 | 2021 |
24.04 | Property | | 1 | 4086 Michigan Avenue | Detroit | Wayne | Michigan | 48210 | Industrial | Warehouse | 1946 | 2008 |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | South Miami | Miami-Dade | Florida | 33143 | Office | Suburban | 1971 | 2017 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated |
| | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | Dallas | Dallas | Texas | 75219 | Retail | Single Tenant | 1928 | 2009 |
27 | Loan | 99 | 1 | Residence Inn Florence | Florence | Lauderdale | Alabama | 35630 | Hospitality | Extended Stay | 2010 | 2018 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | Memphis | Shelby | Tennessee | 38103 | Mixed Use | Office/Parking | 1917 and 1999 | 2000 |
29 | Loan | | 2 | South Loop & Bloomingdale | Various | Various | Illinois | Various | Retail | Various | 2005 | Various |
29.01 | Property | | 1 | South Loop Retail | Chicago | Cook | Illinois | 60607 | Retail | Anchored | 2005 | NAP |
29.02 | Property | | 1 | Bloomingdale Retail | Bloomingdale | DuPage | Illinois | 60108 | Retail | Single Tenant | 2005 | 2018 |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | Hobart | Lake | Indiana | 46342 | Retail | Unanchored | Various | NAP |
30.01 | Property | | 1 | Pavilions Shopping Center | Hobart | Lake | Indiana | 46342 | Retail | Unanchored | 2002 | NAP |
30.02 | Property | | 1 | 37th Ave Shopping Center | Hobart | Lake | Indiana | 46342 | Retail | Unanchored | 1980 | NAP |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | Cheektowaga | Erie | New York | 14225 | Retail | Anchored | 1989 | 2004 |
32 | Loan | 113 | 1 | Elyria Industrial | Elyria | Lorain | Ohio | 44035 | Industrial | Warehouse/Distribution | 1900 | 1978 |
33 | Loan | | 1 | 850 Technology Way | Libertyville | Lake | Illinois | 60048 | Mixed Use | Office/Industrial | 1999 | 2020-2021 |
34 | Loan | 9, 114 | 1 | Riverport Tower | Maryland Heights | St. Louis | Missouri | 63043 | Office | Suburban | 1991 | NAP |
35 | Loan | | 1 | CollegePlace Clemson | Clemson | Pickens | South Carolina | 29631 | Multifamily | Student Housing | 2015 | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | Various | Genesee | Michigan | Various | Self Storage | Self Storage | Various | Various |
36.01 | Property | | 1 | Abe's Storage - Holly | Holly | Genesee | Michigan | 48442 | Self Storage | Self Storage | 1997 | 2015 |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | Grand Blanc | Genesee | Michigan | 48507 | Self Storage | Self Storage | 2003 | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | Bourbon | Crawford | Missouri | 65441 | Industrial | Manufacturing | 1984 | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | Lexington | Lexington | South Carolina | 29072 | Hospitality | Limited Service | 2008 | NAP |
39 | Loan | | 1 | North Creek Business Center | Tinley Park | Will | Illinois | 60477 | Office | Suburban | 2002 | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) |
| | | | | | | | | | | | 1 | | 2 |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 850 | Units | 220,588.24 | 62,500,000 | 62,500,000 | 62,500,000 | 4.65000% | 0.01471% | 4.63529% | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 46,412 | SF | 2,154.62 | 60,000,000 | 60,000,000 | 60,000,000 | 4.55000% | 0.01471% | 4.53529% | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 1,791,714 | SF | 57.49 | 60,000,000 | 60,000,000 | 60,000,000 | 6.33000% | 0.01471% | 6.31529% | NAP |
3.01 | Property | | 1 | Eagle Springs | 317,670 | SF | | 12,271,675 | 12,271,675 | 12,271,675 | | | | |
3.02 | Property | | 1 | Danville | 316,507 | SF | | 12,226,748 | 12,226,748 | 12,226,748 | | | | |
3.03 | Property | | 1 | Blythewood | 350,563 | SF | | 11,453,649 | 11,453,649 | 11,453,649 | | | | |
3.04 | Property | | 1 | Menasha | 156,860 | SF | | 5,594,055 | 5,594,055 | 5,594,055 | | | | |
3.05 | Property | | 1 | Tremonton | 118,503 | SF | | 4,916,582 | 4,916,582 | 4,916,582 | | | | |
3.06 | Property | | 1 | Carbondale | 193,730 | SF | | 4,784,539 | 4,784,539 | 4,784,539 | | | | |
3.07 | Property | | 1 | Marysville | 233,264 | SF | | 4,439,933 | 4,439,933 | 4,439,933 | | | | |
3.08 | Property | | 1 | Midland | 104,617 | SF | | 4,312,818 | 4,312,818 | 4,312,818 | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 951 | Rooms | 78,864.35 | 50,000,000 | 50,000,000 | 48,479,848 | 6.86813% | 0.02471% | 6.84342% | 328,234.92 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 269,233 | SF | 364.00 | 49,000,000 | 49,000,000 | 49,000,000 | 6.03000% | 0.01471% | 6.01529% | NAP |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 389,624 | SF | 187.36 | 43,000,000 | 43,000,000 | 43,000,000 | 5.72000% | 0.01471% | 5.70529% | NAP |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 613,868 | SF | 70.05 | 43,000,000 | 43,000,000 | 43,000,000 | 5.12000% | 0.01471% | 5.10529% | NAP |
7.01 | Property | | 1 | Your Extra Closet - Oxford | 254,018 | SF | | 23,660,000 | 23,660,000 | 23,660,000 | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | 126,000 | SF | | 9,793,000 | 9,793,000 | 9,793,000 | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | 75,175 | SF | | 3,507,000 | 3,507,000 | 3,507,000 | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | 94,750 | SF | | 3,049,000 | 3,049,000 | 3,049,000 | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | 63,925 | SF | | 2,991,000 | 2,991,000 | 2,991,000 | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 1,181,987 | SF | 109.77 | 39,000,000 | 38,924,908 | 32,850,253 | 5.76700% | 0.01596% | 5.75104% | 228,014.77 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 355,245 | SF | 199.86 | 31,950,000 | 31,950,000 | 31,950,000 | 6.25150% | 0.01596% | 6.23554% | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 317,364 | SF | 98.11 | 31,135,000 | 31,135,000 | 31,135,000 | 5.29000% | 0.01471% | 5.27529% | NAP |
10.01 | Property | | 1 | Aldi - Tulsa | 23,946 | SF | | 2,930,000 | 2,930,000 | 2,930,000 | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | 58,412 | SF | | 2,746,000 | 2,746,000 | 2,746,000 | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | 14,820 | SF | | 2,746,000 | 2,746,000 | 2,746,000 | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | 10,125 | SF | | 2,529,000 | 2,529,000 | 2,529,000 | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | 14,335 | SF | | 2,517,000 | 2,517,000 | 2,517,000 | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | 10,093 | SF | | 1,556,000 | 1,556,000 | 1,556,000 | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | 2,914 | SF | | 1,217,000 | 1,217,000 | 1,217,000 | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | 10,049 | SF | | 1,098,000 | 1,098,000 | 1,098,000 | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | 12,049 | SF | | 1,071,000 | 1,071,000 | 1,071,000 | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | 10,988 | SF | | 1,052,000 | 1,052,000 | 1,052,000 | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | 9,086 | SF | | 952,000 | 952,000 | 952,000 | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | 9,750 | SF | | 915,000 | 915,000 | 915,000 | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | 9,115 | SF | | 915,000 | 915,000 | 915,000 | | | | |
10.14 | Property | | 1 | Dollar General - Butler | 9,501 | SF | | 887,000 | 887,000 | 887,000 | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | 9,527 | SF | | 870,000 | 870,000 | 870,000 | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | 10,385 | SF | | 846,000 | 846,000 | 846,000 | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | 10,000 | SF | | 823,000 | 823,000 | 823,000 | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | 8,984 | SF | | 777,000 | 777,000 | 777,000 | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | 8,320 | SF | | 732,000 | 732,000 | 732,000 | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | 9,201 | SF | | 732,000 | 732,000 | 732,000 | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | 9,367 | SF | | 704,000 | 704,000 | 704,000 | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | 8,300 | SF | | 667,000 | 667,000 | 667,000 | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | 9,182 | SF | | 640,000 | 640,000 | 640,000 | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | 9,026 | SF | | 640,000 | 640,000 | 640,000 | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | 19,889 | SF | | 573,000 | 573,000 | 573,000 | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 1,356,325 | SF | 160.73 | 30,000,000 | 30,000,000 | 30,000,000 | 6.02000% | 0.06346% | 5.95654% | NAP |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 1,318,651 | SF | 178.21 | 25,000,000 | 25,000,000 | 21,536,987 | 6.54800% | 0.01471% | 6.53329% | 158,807.01 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 96,530 | SF | 238.27 | 23,000,000 | 23,000,000 | 23,000,000 | 5.88000% | 0.01471% | 5.86529% | NAP |
14 | Loan | | 1 | Graham Capital HQ | 100,342 | SF | 201.59 | 20,228,000 | 20,228,000 | 20,228,000 | 6.27000% | 0.01471% | 6.25529% | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 133 | Rooms | 140,601.50 | 18,700,000 | 18,700,000 | 15,860,811 | 6.00000% | 0.05346% | 5.94654% | 112,115.95 |
16 | Loan | | 1 | Gateway Hanover | 192,774 | SF | 93.37 | 18,000,000 | 18,000,000 | 18,000,000 | 6.58000% | 0.01471% | 6.56529% | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 724 | Rooms | 87,016.57 | 15,750,000 | 15,750,000 | 14,506,067 | 6.06100% | 0.01471% | 6.04629% | 95,047.78 |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | 116 | Rooms | | 3,158,750 | 3,158,750 | 2,909,272 | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | 97 | Rooms | | 2,804,250 | 2,804,250 | 2,582,771 | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | 97 | Rooms | | 2,256,000 | 2,256,000 | 2,077,821 | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | 89 | Rooms | | 2,029,000 | 2,029,000 | 1,868,750 | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | 88 | Rooms | | 1,923,250 | 1,923,250 | 1,771,352 | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | 60 | Rooms | | 1,115,250 | 1,115,250 | 1,027,168 | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | 74 | Rooms | | 1,001,250 | 1,001,250 | 922,171 | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | 54 | Rooms | | 766,500 | 766,500 | 705,962 | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | 49 | Rooms | | 695,750 | 695,750 | 640,800 | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 1,371,470 | SF | 153.12 | 15,000,000 | 15,000,000 | 15,000,000 | 5.11000% | 0.01471% | 5.09529% | NAP |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 734,156 | SF | 46.52 | 14,000,000 | 13,940,336 | 11,630,745 | 5.32000% | 0.01471% | 5.30529% | 77,916.62 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 29,895 | SF | 448.24 | 13,400,000 | 13,400,000 | 13,400,000 | 4.41000% | 0.01471% | 4.39529% | NAP |
20.01 | Property | | 1 | 1 Hanover Square | 13,660 | SF | | 7,000,000 | 7,000,000 | 7,000,000 | | | | |
20.02 | Property | | 1 | 54 Stone Street | 11,200 | SF | | 4,500,000 | 4,500,000 | 4,500,000 | | | | |
20.03 | Property | | 1 | 30 Water Street | 5,035 | SF | | 1,900,000 | 1,900,000 | 1,900,000 | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 89,434 | SF | 144.24 | 12,900,000 | 12,900,000 | 12,900,000 | 5.60800% | 0.01471% | 5.59329% | NAP |
22 | Loan | 93 | 1 | Peery Hotel | 73 | Rooms | 171,232.88 | 12,500,000 | 12,500,000 | 12,500,000 | 6.81600% | 0.01471% | 6.80129% | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 131,388 | SF | 91.33 | 12,000,000 | 12,000,000 | 9,289,053 | 5.98500% | 0.01471% | 5.97029% | 77,206.18 |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 328,261 | SF | 34.88 | 11,450,000 | 11,450,000 | 11,450,000 | 5.94000% | 0.01471% | 5.92529% | NAP |
24.01 | Property | | 1 | 1468 West Hospital Road | 116,208 | SF | | 3,373,660 | 3,373,660 | 3,373,660 | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | 113,105 | SF | | 2,913,616 | 2,913,616 | 2,913,616 | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | 46,447 | SF | | 2,581,362 | 2,581,362 | 2,581,362 | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | 52,501 | SF | | 2,581,362 | 2,581,362 | 2,581,362 | ��� | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 33,112 | SF | 339.76 | 11,250,000 | 11,250,000 | 11,250,000 | 5.90000% | 0.05471% | 5.84529% | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) |
| | | | | | | | | | | | 1 | | 2 |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 56,321 | SF | 177.55 | 10,000,000 | 10,000,000 | 8,765,189 | 7.18650% | 0.01471% | 7.17179% | 67,787.46 |
27 | Loan | 99 | 1 | Residence Inn Florence | 110 | Rooms | 90,909.09 | 10,000,000 | 10,000,000 | 8,469,195 | 5.95000% | 0.05471% | 5.89529% | 59,633.97 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 174,700 | SF | 57.18 | 10,000,000 | 9,990,121 | 9,359,182 | 6.04000% | 0.01471% | 6.02529% | 60,212.46 |
29 | Loan | | 2 | South Loop & Bloomingdale | 43,864 | SF | 222.28 | 9,750,000 | 9,750,000 | 9,750,000 | 6.12000% | 0.01471% | 6.10529% | NAP |
29.01 | Property | | 1 | South Loop Retail | 23,476 | SF | | 7,000,000 | 7,000,000 | 7,000,000 | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | 20,388 | SF | | 2,750,000 | 2,750,000 | 2,750,000 | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 206,361 | SF | 47.03 | 9,705,000 | 9,705,000 | 8,476,728 | 5.38000% | 0.01471% | 5.36529% | 54,375.46 |
30.01 | Property | | 1 | Pavilions Shopping Center | 76,307 | SF | | 5,398,740 | 5,398,740 | 4,715,472 | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | 130,054 | SF | | 4,306,260 | 4,306,260 | 3,761,257 | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 163,408 | SF | 57.99 | 9,500,000 | 9,476,139 | 7,591,993 | 5.38000% | 0.01471% | 5.36529% | 55,206.73 |
32 | Loan | 113 | 1 | Elyria Industrial | 617,990 | SF | 13.94 | 8,625,000 | 8,616,856 | 7,373,480 | 6.27500% | 0.05471% | 6.22029% | 53,245.93 |
33 | Loan | | 1 | 850 Technology Way | 78,180 | SF | 100.41 | 7,850,000 | 7,850,000 | 6,752,911 | 5.66500% | 0.01471% | 5.65029% | 45,387.47 |
34 | Loan | 9, 114 | 1 | Riverport Tower | 317,891 | SF | 67.95 | 6,600,000 | 6,600,000 | 6,600,000 | 5.82500% | 0.01471% | 5.81029% | NAP |
35 | Loan | | 1 | CollegePlace Clemson | 96 | Beds | 65,625.00 | 6,300,000 | 6,300,000 | 6,300,000 | 6.03000% | 0.01471% | 6.01529% | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 93,272 | SF | 63.79 | 5,950,000 | 5,950,000 | 5,950,000 | 5.64000% | 0.01471% | 5.62529% | NAP |
36.01 | Property | | 1 | Abe's Storage - Holly | 47,282 | SF | | 3,000,000 | 3,000,000 | 3,000,000 | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | 45,990 | SF | | 2,950,000 | 2,950,000 | 2,950,000 | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | 304,130 | SF | 19.37 | 5,890,000 | 5,890,000 | 5,890,000 | 6.21400% | 0.05471% | 6.15929% | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 82 | Rooms | 70,047.76 | 5,750,000 | 5,743,916 | 4,830,063 | 5.68000% | 0.01471% | 5.66529% | 33,300.18 |
39 | Loan | | 1 | North Creek Business Center | 38,013 | SF | 105.88 | 4,025,000 | 4,025,000 | 3,525,941 | 7.17000% | 0.01471% | 7.15529% | 27,239.53 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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.) |
| | | | | | 2 | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 245,551.22 | NAP | 2,946,614.64 | Interest Only | No | Actual/360 | 60 | 58 | 60 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 230,659.72 | NAP | 2,767,916.64 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 320,895.83 | NAP | 3,850,749.96 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
3.01 | Property | | 1 | Eagle Springs | | | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 290,146.70 | 3,938,819.04 | 3,481,760.40 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 24 | 60 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 249,644.79 | NAP | 2,995,737.48 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 207,813.43 | NAP | 2,493,761.16 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 186,014.81 | NAP | 2,232,177.72 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | NAP | 2,736,177.24 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 168,757.94 | NAP | 2,025,095.28 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 139,159.76 | NAP | 1,669,917.12 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 152,590.28 | NAP | 1,831,083.36 | Interest Only | No | Actual/360 | 120 | 117 | 120 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 138,311.34 | 1,905,684.12 | 1,659,736.08 | Amortizing Balloon | No | Actual/360 | 1 | 1 | 121 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 114,265.28 | NAP | 1,371,183.36 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
14 | Loan | | 1 | Graham Capital HQ | 107,159.23 | NAP | 1,285,910.76 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | 1,345,391.40 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
16 | Loan | | 1 | Gateway Hanover | 100,070.83 | NAP | 1,200,849.96 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 80,655.49 | 1,140,573.36 | 967,865.88 | Interest Only, Amortizing Balloon | No | Actual/360 | 48 | 47 | 120 |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 64,762.15 | NAP | 777,145.80 | Interest Only | No | Actual/360 | 120 | 115 | 120 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | NAP | 934,999.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 49,928.96 | NAP | 599,147.52 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 61,123.31 | NAP | 733,479.72 | Interest Only | No | Actual/360 | 120 | 118 | 120 |
22 | Loan | 93 | 1 | Peery Hotel | 71,986.11 | NAP | 863,833.32 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | 926,474.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 57,464.69 | NAP | 689,576.28 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 56,080.73 | NAP | 672,968.76 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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.) |
| | | | | | 2 | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | 813,449.52 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | 715,607.64 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | NAP | 722,549.52 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 |
29 | Loan | | 2 | South Loop & Bloomingdale | 50,415.63 | NAP | 604,987.56 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
29.01 | Property | | 1 | South Loop Retail | | | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 44,115.07 | 652,505.52 | 529,380.84 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 22 | 120 |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | NAP | 662,480.76 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
32 | Loan | 113 | 1 | Elyria Industrial | NAP | 638,951.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
33 | Loan | | 1 | 850 Technology Way | 37,573.24 | 544,649.64 | 450,878.88 | Interest Only, Amortizing Balloon | No | Actual/360 | 12 | 12 | 120 |
34 | Loan | 9, 114 | 1 | Riverport Tower | 32,482.47 | NAP | 389,789.64 | Interest Only | No | Actual/360 | 120 | 117 | 120 |
35 | Loan | | 1 | CollegePlace Clemson | 32,097.19 | NAP | 385,166.28 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 28,353.40 | NAP | 340,240.80 | Interest Only | No | Actual/360 | 120 | 119 | 120 |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | 30,924.00 | NAP | 371,088.00 | Interest Only | No | Actual/360 | 120 | 120 | 120 |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | 399,602.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 |
39 | Loan | | 1 | North Creek Business Center | NAP | 326,874.36 | NAP | Amortizing Balloon | No | Actual/360 | 1 | 1 | 121 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 58 | 0 | 0 | 8/3/2022 | 2 | 6 | 9/6/2022 | NAP | 8/6/2027 | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 119 | 0 | 0 | 8/18/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 120 | 0 | 0 | 9/29/2022 | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | NAP |
3.01 | Property | | 1 | Eagle Springs | | | | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 60 | 360 | 360 | 9/9/2022 | 0 | 6 | 11/6/2022 | 11/6/2024 | 10/6/2027 | NAP |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 119 | 0 | 0 | 8/30/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 119 | 0 | 0 | 8/10/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 119 | 0 | 0 | 8/26/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 118 | 360 | 358 | 7/21/2022 | 2 | 1 | 9/1/2022 | 9/1/2022 | 8/1/2032 | NAP |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 120 | 0 | 0 | 9/22/2022 | 0 | 1 | 11/1/2022 | NAP | 10/1/2032 | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 119 | 0 | 0 | 8/31/2022 | 1 | 1 | 10/1/2022 | NAP | 9/1/2032 | NAP |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 117 | 0 | 0 | 6/28/2022 | 3 | 1 | 8/1/2022 | NAP | 7/1/2032 | NAP |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 121 | 360 | 360 | 10/11/2022 | 0 | 1 | 11/1/2022 | 12/1/2022 | 11/1/2032 | NAP |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 119 | 0 | 0 | 8/30/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
14 | Loan | | 1 | Graham Capital HQ | 120 | 0 | 0 | 9/23/2022 | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 120 | 360 | 360 | 9/14/2022 | 0 | 6 | 11/6/2022 | 11/6/2022 | 10/6/2032 | NAP |
16 | Loan | | 1 | Gateway Hanover | 120 | 0 | 0 | 10/6/2022 | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 119 | 360 | 360 | 8/4/2022 | 1 | 1 | 10/1/2022 | 10/1/2026 | 9/1/2032 | NAP |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 115 | 0 | 0 | 4/8/2022 | 5 | 6 | 6/6/2022 | NAP | 5/6/2032 | NAP |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 116 | 360 | 356 | 6/2/2022 | 4 | 6 | 7/6/2022 | 7/6/2022 | 6/6/2032 | NAP |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 119 | 0 | 0 | 8/8/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 118 | 0 | 0 | 7/11/2022 | 2 | 6 | 9/6/2022 | NAP | 8/6/2032 | NAP |
22 | Loan | 93 | 1 | Peery Hotel | 120 | 0 | 0 | 9/28/2022 | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 120 | 300 | 300 | 9/7/2022 | 0 | 6 | 11/6/2022 | 11/6/2022 | 10/6/2032 | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 120 | 0 | 0 | 9/14/2022 | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | NAP |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 119 | 0 | 0 | 8/15/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date |
| | | | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 120 | 360 | 360 | 9/29/2022 | 0 | 6 | 11/6/2022 | 11/6/2022 | 10/6/2032 | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | 120 | 360 | 360 | 9/6/2022 | 0 | 6 | 11/6/2022 | 11/6/2022 | 10/6/2032 | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 59 | 360 | 359 | 8/23/2022 | 1 | 6 | 10/6/2022 | 10/6/2022 | 9/6/2027 | NAP |
29 | Loan | | 2 | South Loop & Bloomingdale | 120 | 0 | 0 | 9/12/2022 | 0 | 6 | 11/6/2022 | NAP | 10/6/2032 | NAP |
29.01 | Property | | 1 | South Loop Retail | | | | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 118 | 360 | 360 | 7/29/2022 | 2 | 6 | 9/6/2022 | 9/6/2024 | 8/6/2032 | NAP |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 118 | 330 | 328 | 7/29/2022 | 2 | 6 | 9/6/2022 | 9/6/2022 | 8/6/2032 | NAP |
32 | Loan | 113 | 1 | Elyria Industrial | 119 | 360 | 359 | 9/1/2022 | 1 | 6 | 10/6/2022 | 10/6/2022 | 9/6/2032 | NAP |
33 | Loan | | 1 | 850 Technology Way | 120 | 360 | 360 | 9/12/2022 | 0 | 6 | 11/6/2022 | 11/6/2023 | 10/6/2032 | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | 117 | 0 | 0 | 6/28/2022 | 3 | 6 | 8/6/2022 | NAP | 7/6/2032 | NAP |
35 | Loan | | 1 | CollegePlace Clemson | 119 | 0 | 0 | 9/1/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 119 | 0 | 0 | 8/15/2022 | 1 | 6 | 10/6/2022 | NAP | 9/6/2032 | NAP |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | 120 | 0 | 0 | 9/13/2022 | 0 | 1 | 11/1/2022 | NAP | 10/1/2032 | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 119 | 360 | 359 | 8/19/2022 | 1 | 6 | 10/6/2022 | 10/6/2022 | 9/6/2032 | NAP |
39 | Loan | | 1 | North Creek Business Center | 121 | 360 | 360 | 10/7/2022 | 0 | 6 | 11/6/2022 | 12/6/2022 | 11/6/2032 | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
| | | | | | | 3 | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 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 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 0 | 0 | L(25),D(91),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 0 | 0 | YM4(24),DorYM1(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
3.01 | Property | | 1 | Eagle Springs | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.02 | Property | | 1 | Danville | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.03 | Property | | 1 | Blythewood | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.04 | Property | | 1 | Menasha | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.05 | Property | | 1 | Tremonton | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.06 | Property | | 1 | Carbondale | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.07 | Property | | 1 | Marysville | | | | NAV | NAV | NAV | NAV | NAV | NAV |
3.08 | Property | | 1 | Midland | | | | NAV | NAV | NAV | NAV | NAV | NAV |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 0 | 0 | L(24),D(32),O(4) | 43,804,567 | 30,356,486 | 13,448,081 | 6/30/2022 | T-12 | 35,038,634 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 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 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 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 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 0 | 0 | L(25),D(91),O(4) | 6,074,915 | 1,705,442 | 4,369,473 | 7/31/2022 | T-6 Ann | 5,029,387 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | 3,053,642 | 743,634 | 2,310,008 | 7/31/2022 | T-6 Ann | 2,502,582 |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | 1,307,447 | 364,210 | 943,238 | 7/31/2022 | T-6 Ann | 1,109,474 |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | 620,757 | 204,249 | 416,508 | 7/31/2022 | T-6 Ann | 524,314 |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | 576,071 | 207,679 | 368,392 | 7/31/2022 | T-6 Ann | 469,132 |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | 516,998 | 185,671 | 331,327 | 7/31/2022 | T-6 Ann | 423,885 |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 0 | 0 | L(26),D(88),O(6) | 41,729,947 | 14,309,769 | 27,420,178 | 3/31/2022 | T-12 | 40,936,621 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 0 | 0 | L(24),D(90),O(6) | 16,005,507 | 6,360,216 | 9,645,291 | 6/30/2022 | T-12 | 15,914,066 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 0 | 5 | L(25),D(90),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
10.01 | Property | | 1 | Aldi - Tulsa | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.09 | Property | | 1 | Dollar General - Diamond | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.11 | Property | | 1 | Dollar General - Ocala | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.14 | Property | | 1 | Dollar General - Butler | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.21 | Property | | 1 | Dollar General - Topeka | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.22 | Property | | 1 | Family Dollar - Warren | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | NAV | NAV | NAV | NAV | NAV | NAV |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | NAV | NAV | NAV | NAV | NAV | NAV |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 0 | 0 | L(27),D(89),O(4) | 45,619,900 | 20,065,815 | 25,554,085 | 3/31/2022 | T-12 | 44,198,961 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 0 | 0 | L(24),D(91),O(6) | 49,804,984 | 12,860,607 | 36,944,377 | 8/31/2022 | T-12 | 49,053,508 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 0 | 0 | L(25),D(88),O(7) | 4,217,641 | 1,703,242 | 2,514,399 | 12/31/2021 | T-12 | 4,277,742 |
14 | Loan | | 1 | Graham Capital HQ | 0 | 0 | L(24),D(92),O(4) | 5,063,247 | 1,952,645 | 3,110,602 | 12/31/2021 | T-12 | 4,918,160 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 0 | 0 | L(24),D(92),O(4) | 6,224,810 | 3,325,671 | 2,899,139 | 7/31/2022 | T-12 | 5,455,482 |
16 | Loan | | 1 | Gateway Hanover | 0 | 0 | L(24),D(93),O(3) | 2,098,080 | 691,144 | 1,406,936 | 12/31/2021 | T-12 | 1,888,608 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 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 |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | 4,874,305 | 2,924,253 | 1,950,052 | 5/31/2022 | T-12 | 5,263,985 |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | 3,580,574 | 1,979,765 | 1,600,809 | 5/31/2022 | T-12 | 3,923,394 |
17.03 | Property | | 1 | Home2Suites Mobile | | | | 3,420,493 | 2,008,454 | 1,412,039 | 5/31/2022 | T-12 | 3,125,325 |
17.04 | Property | | 1 | Home2Suites Daphne | | | | 3,113,680 | 2,016,799 | 1,096,881 | 5/31/2022 | T-12 | 2,043,823 |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | 3,312,554 | 2,383,699 | 928,855 | 5/31/2022 | T-12 | 3,113,572 |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | 1,727,803 | 979,426 | 748,377 | 5/31/2022 | T-12 | 1,956,116 |
17.07 | Property | | 1 | Red Roof Pensacola | | | | 1,638,541 | 786,888 | 851,653 | 5/31/2022 | T-12 | 1,869,936 |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | 1,472,805 | 983,520 | 489,285 | 5/31/2022 | T-12 | 1,837,772 |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | 1,336,745 | 899,022 | 437,723 | 5/31/2022 | T-12 | 1,448,293 |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 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 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 0 | 0 | L(28),D(88),O(4) | 10,924,379 | 4,868,497 | 6,055,882 | 2/28/2022 | T-12 | 11,048,094 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 0 | 0 | L(25),D(91),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
20.01 | Property | | 1 | 1 Hanover Square | | | | NAV | NAV | NAV | NAV | NAV | NAV |
20.02 | Property | | 1 | 54 Stone Street | | | | NAV | NAV | NAV | NAV | NAV | NAV |
20.03 | Property | | 1 | 30 Water Street | | | | NAV | NAV | NAV | NAV | NAV | NAV |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 0 | 0 | L(11),YM1(105),O(4) | 2,464,440 | 683,852 | 1,780,588 | 4/30/2022 | T-12 | 2,477,102 |
22 | Loan | 93 | 1 | Peery Hotel | 0 | 0 | L(24),D(92),O(4) | 3,973,109 | 2,269,964 | 1,703,145 | 6/30/2022 | T-12 | 2,852,594 |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 0 | 0 | L(24),D(92),O(4) | 1,967,443 | 688,499 | 1,278,945 | 6/30/2022 | T-12 | 1,956,025 |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 0 | 0 | L(24),D(91),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | NAV | NAV | NAV | NAV | NAV | NAV |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | NAV | NAV | NAV | NAV | NAV | NAV |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | NAV | NAV | NAV | NAV | NAV | NAV |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 0 | 0 | L(25),D(91),O(4) | 1,448,283 | 485,577 | 962,706 | 5/31/2022 | T-12 | 1,325,082 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
| | | | | | | 3 | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 0 | 0 | L(24),D(92),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
27 | Loan | 99 | 1 | Residence Inn Florence | 0 | 0 | L(24),D(92),O(4) | 3,676,271 | 1,991,821 | 1,684,451 | 6/30/2022 | T-12 | 3,229,866 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 0 | 0 | L(25),D(32),O(3) | 3,769,937 | 2,005,996 | 1,763,941 | 4/30/2022 | T-12 | 3,713,780 |
29 | Loan | | 2 | South Loop & Bloomingdale | 0 | 0 | L(24),D(92),O(4) | 1,251,773 | 340,289 | 911,484 | 6/30/2022 | T-12 | 1,222,188 |
29.01 | Property | | 1 | South Loop Retail | | | | 978,135 | 273,097 | 705,038 | 6/30/2022 | T-12 | 977,009 |
29.02 | Property | | 1 | Bloomingdale Retail | | | | 273,637 | 67,192 | 206,445 | 6/30/2022 | T-12 | 245,179 |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 0 | 0 | L(26),D(90),O(4) | 2,091,959 | 779,229 | 1,312,731 | 12/31/2021 | T-12 | 1,952,587 |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | 1,146,440 | 374,350 | 772,090 | 12/31/2021 | T-12 | 993,401 |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | 945,520 | 404,879 | 540,641 | 12/31/2021 | T-12 | 959,186 |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 0 | 0 | L(26),D(90),O(4) | 1,563,683 | 428,884 | 1,134,798 | 5/31/2022 | T-12 | 1,462,775 |
32 | Loan | 113 | 1 | Elyria Industrial | 0 | 0 | L(25),D(91),O(4) | 1,929,868 | 928,572 | 1,001,296 | 6/30/2022 | T-12 | 1,868,537 |
33 | Loan | | 1 | 850 Technology Way | 0 | 0 | L(24),D(92),O(4) | 1,001,489 | 340,503 | 660,986 | 5/31/2022 | T-12 | NAV |
34 | Loan | 9, 114 | 1 | Riverport Tower | 0 | 0 | L(27),YM1(86),O(7) | 5,317,136 | 3,099,557 | 2,217,579 | 8/31/2022 | T-12 | 5,421,717 |
35 | Loan | | 1 | CollegePlace Clemson | 0 | 0 | L(25),D(92),O(3) | 1,029,798 | 385,657 | 644,141 | 7/31/2022 | T-12 | 1,007,083 |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 0 | 0 | L(25),D(91),O(4) | 872,837 | 223,009 | 649,828 | 7/31/2022 | T-12 | 831,609 |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | 456,466 | 118,635 | 337,831 | 7/31/2022 | T-12 | 431,806 |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | 416,371 | 104,374 | 311,996 | 7/31/2022 | T-12 | 399,803 |
37 | Loan | 115 | 1 | 1 Paramount Drive | 0 | 5 (Once per trailing 12-month period) | L(25),YM1(92),O(3) | NAV | NAV | NAV | NAV | NAV | NAV |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 0 | 0 | L(25),D(91),O(4) | 2,884,940 | 1,979,507 | 905,433 | 6/30/2022 | T-12 | 2,653,226 |
39 | Loan | | 1 | North Creek Business Center | 0 | 0 | L(24),D(94),O(3) | 409,459 | 201,191 | 208,268 | 4/30/2022 | T-12 | 448,556 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 9,325,401 | 13,357,008 | 12/31/2021 | T-12 | 23,638,812 | 9,046,781 | 14,592,031 | 12/31/2020 | T-12 | 91.3% |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.01 | Property | | 1 | Eagle Springs | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.02 | Property | | 1 | Danville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.03 | Property | | 1 | Blythewood | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.04 | Property | | 1 | Menasha | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.05 | Property | | 1 | Tremonton | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.06 | Property | | 1 | Carbondale | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.07 | Property | | 1 | Marysville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
3.08 | Property | | 1 | Midland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 24,691,698 | 10,346,936 | 12/31/2021 | T-12 | 54,526,196 | 39,952,555 | 14,573,641 | 2/28/2020 | T-12 | 66.1% |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 6,078,021 | 8,788,527 | 12/31/2021 | T-12 | 16,980,298 | 6,128,753 | 10,851,545 | 12/31/2020 | T-12 | 87.5% |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 4,371,197 | 5,168,658 | 12/31/2021 | T-12 | 9,727,472 | 4,267,166 | 5,460,306 | 12/31/2020 | T-12 | 87.9% |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 1,655,366 | 3,374,021 | 12/31/2021 | T-12 | 3,963,981 | 1,582,829 | 2,381,152 | 12/31/2020 | T-12 | 83.5% |
7.01 | Property | | 1 | Your Extra Closet - Oxford | 705,509 | 1,797,073 | 12/31/2021 | T-12 | 2,089,698 | 681,545 | 1,408,154 | 12/31/2020 | T-12 | 85.6% |
7.02 | Property | | 1 | Your Extra Closet - Starkville | 363,555 | 745,919 | 12/31/2021 | T-12 | 913,931 | 324,772 | 589,159 | 12/31/2020 | T-12 | 78.5% |
7.03 | Property | | 1 | Your Extra Closet - Valley View | 203,701 | 320,613 | 12/31/2021 | T-12 | 348,637 | 194,863 | 153,774 | 12/31/2020 | T-12 | 86.3% |
7.04 | Property | | 1 | Your Extra Closet - Brookland | 208,092 | 261,040 | 12/31/2021 | T-12 | 344,996 | 225,690 | 119,306 | 12/31/2020 | T-12 | 83.0% |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | 174,510 | 249,376 | 12/31/2021 | T-12 | 266,718 | 155,958 | 110,760 | 12/31/2020 | T-12 | 80.5% |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 14,024,074 | 26,912,547 | 12/31/2021 | T-12 | 36,869,783 | 12,525,925 | 24,343,858 | 12/31/2020 | T-12 | 84.9% |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 6,177,912 | 9,736,154 | 12/31/2021 | T-12 | 13,973,301 | 5,923,211 | 8,050,090 | 12/31/2020 | T-12 | 98.1% |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.01 | Property | | 1 | Aldi - Tulsa | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.02 | Property | | 1 | Hobby Lobby - Arnold | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.03 | Property | | 1 | Walgreens - Rock Falls | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.05 | Property | | 1 | Walgreens - Wyncote | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.07 | Property | | 1 | Huntington Bank - Canton | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.08 | Property | | 1 | Dollar Tree - Herrin | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.09 | Property | | 1 | Dollar General - Diamond | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.1 | Property | | 1 | Dollar Tree - Chicago | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.11 | Property | | 1 | Dollar General - Ocala | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.12 | Property | | 1 | Dollar Tree - Harrah | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.13 | Property | | 1 | Dollar Tree - De Soto | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.14 | Property | | 1 | Dollar General - Butler | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.15 | Property | | 1 | Family Dollar - Fort Worth | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.16 | Property | | 1 | Dollar Tree - Cowpens | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.17 | Property | | 1 | Dollar Tree - Fairfield | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.18 | Property | | 1 | Dollar Tree - Roanoke | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.19 | Property | | 1 | Family Dollar - Jacksonville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.2 | Property | | 1 | Dollar Tree - San Elizario | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.21 | Property | | 1 | Dollar General - Topeka | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.22 | Property | | 1 | Family Dollar - Warren | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.23 | Property | | 1 | Dollar General - Pembroke | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.24 | Property | | 1 | Dollar General - Mount Airy | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
10.25 | Property | | 1 | Family Dollar - East Canton | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 19,173,640 | 25,025,321 | 12/31/2021 | T-12 | 36,845,931 | 18,308,085 | 18,537,846 | 12/31/2020 | T-12 | 86.6% |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 12,087,500 | 36,966,008 | 12/31/2021 | T-12 | 40,156,990 | 10,331,147 | 29,825,843 | 12/31/2020 | T-12 | 92.9% |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 1,695,068 | 2,582,674 | 12/31/2020 | T-12 | 4,237,383 | 1,662,265 | 2,575,118 | 12/31/2019 | T-12 | 92.5% |
14 | Loan | | 1 | Graham Capital HQ | 1,807,558 | 3,110,602 | 12/31/2020 | T-12 | 5,342,017 | 2,231,415 | 3,110,602 | 12/31/2019 | T-12 | 95.0% |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 2,913,864 | 2,541,618 | 12/31/2021 | T-12 | 4,289,516 | 2,367,827 | 1,921,688 | 12/31/2020 | T-12 | 87.0% |
16 | Loan | | 1 | Gateway Hanover | 625,140 | 1,263,468 | 12/31/2020 | T-12 | 2,079,849 | 702,706 | 1,377,143 | 12/31/2019 | T-12 | 95.0% |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 14,078,591 | 10,503,624 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 64.4% |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | 2,919,934 | 2,344,051 | 12/31/2021 | T-12 | 3,020,496 | 1,709,921 | 1,310,575 | 12/31/2020 | T-12 | 61.9% |
17.02 | Property | | 1 | Beachside Gulf Shores | 2,024,061 | 1,899,333 | 12/31/2021 | T-12 | 2,557,383 | 1,511,252 | 1,046,131 | 12/31/2020 | T-12 | 51.9% |
17.03 | Property | | 1 | Home2Suites Mobile | 1,846,002 | 1,279,323 | 12/31/2021 | T-12 | 2,009,958 | 1,477,841 | 532,117 | 12/31/2020 | T-12 | 84.7% |
17.04 | Property | | 1 | Home2Suites Daphne | 1,354,507 | 689,315 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 80.1% |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | 2,147,425 | 966,147 | 12/31/2021 | T-12 | 2,590,353 | 1,733,006 | 857,347 | 12/31/2020 | T-12 | 58.6% |
17.06 | Property | | 1 | Gulf Shores Motel 6 | 1,027,539 | 928,577 | 12/31/2021 | T-12 | 1,182,241 | 703,341 | 478,900 | 12/31/2020 | T-12 | 68.8% |
17.07 | Property | | 1 | Red Roof Pensacola | 776,536 | 1,093,400 | 12/31/2021 | T-12 | 1,267,871 | 607,259 | 660,612 | 12/31/2020 | T-12 | 53.7% |
17.08 | Property | | 1 | Quality Inn Gulf Shores | 1,097,820 | 739,952 | 12/31/2021 | T-12 | 1,313,096 | 850,558 | 462,538 | 12/31/2020 | T-12 | 53.9% |
17.09 | Property | | 1 | Red Roof Gulf Shores | 884,767 | 563,526 | 12/31/2021 | T-12 | 896,129 | 607,751 | 288,378 | 12/31/2020 | T-12 | 58.8% |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 15,894,296 | 15,787,125 | 12/31/2021 | T-12 | 25,039,832 | 13,482,223 | 11,557,609 | 12/31/2020 | T-12 | 88.7% |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 4,872,220 | 6,175,874 | 12/31/2021 | T-12 | 10,265,838 | 4,961,140 | 5,304,698 | 12/31/2020 | T-12 | 64.0% |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
20.01 | Property | | 1 | 1 Hanover Square | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
20.02 | Property | | 1 | 54 Stone Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
20.03 | Property | | 1 | 30 Water Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 760,766 | 1,716,335 | 12/31/2021 | T-12 | 2,346,205 | 707,517 | 1,638,688 | 12/31/2020 | T-12 | 86.8% |
22 | Loan | 93 | 1 | Peery Hotel | 1,807,918 | 1,044,676 | 12/31/2021 | T-12 | 1,423,325 | 1,308,623 | 114,703 | 12/31/2020 | T-12 | 72.4% |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 612,779 | 1,343,246 | 12/31/2021 | T-12 | 1,887,906 | 531,058 | 1,356,848 | 12/31/2019 | T-12 | 95.0% |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 92.5% |
24.01 | Property | | 1 | 1468 West Hospital Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
24.03 | Property | | 1 | 2531 Jewett Lane | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
24.04 | Property | | 1 | 4086 Michigan Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 471,122 | 853,961 | 12/31/2021 | T-12 | 1,094,775 | 425,966 | 668,809 | 12/31/2020 | T-12 | 94.6% |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) |
| | | | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 96.8% |
27 | Loan | 99 | 1 | Residence Inn Florence | 1,703,042 | 1,526,823 | 12/31/2021 | T-12 | 2,119,802 | 1,278,588 | 841,214 | 12/31/2020 | T-12 | 75.1% |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 1,958,764 | 1,755,016 | 12/31/2021 | T-12 | 3,722,062 | 2,173,900 | 1,548,162 | 12/31/2020 | T-12 | 90.0% |
29 | Loan | | 2 | South Loop & Bloomingdale | 332,207 | 889,981 | 12/31/2021 | T-12 | 1,180,687 | 314,380 | 866,307 | 12/31/2020 | T-10 Ann. | 95.3% |
29.01 | Property | | 1 | South Loop Retail | 260,093 | 716,916 | 12/31/2021 | T-12 | 1,000,286 | 239,518 | 760,768 | 12/31/2020 | T-10 Ann. | 95.3% |
29.02 | Property | | 1 | Bloomingdale Retail | 72,114 | 173,065 | 12/31/2021 | T-12 | 180,401 | 74,862 | 105,539 | 12/31/2020 | T-10 Ann. | 95.0% |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 765,312 | 1,187,275 | 12/31/2020 | T-12 | 2,072,533 | 759,305 | 1,313,227 | 12/31/2019 | T-12 | 91.1% |
30.01 | Property | | 1 | Pavilions Shopping Center | 367,980 | 625,420 | 12/31/2020 | T-12 | 1,072,331 | 380,848 | 691,483 | 12/31/2019 | T-12 | 89.5% |
30.02 | Property | | 1 | 37th Ave Shopping Center | 397,331 | 561,855 | 12/31/2020 | T-12 | 1,000,201 | 378,457 | 621,745 | 12/31/2019 | T-12 | 93.0% |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 478,067 | 984,708 | 12/31/2021 | T-12 | 1,125,548 | 391,188 | 734,360 | 12/31/2020 | T-12 | 95.0% |
32 | Loan | 113 | 1 | Elyria Industrial | 870,426 | 998,111 | 12/31/2021 | T-12 | 1,565,149 | 958,227 | 606,922 | 12/31/2020 | T-12 | 84.9% |
33 | Loan | | 1 | 850 Technology Way | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
34 | Loan | 9, 114 | 1 | Riverport Tower | 3,248,304 | 2,173,413 | 12/31/2021 | T-12 | 5,244,115 | 3,049,557 | 2,194,558 | 12/31/2020 | T-12 | 90.7% |
35 | Loan | | 1 | CollegePlace Clemson | 330,467 | 676,616 | 12/31/2021 | T-12 | 931,072 | 351,187 | 579,885 | 12/31/2020 | T-12 | 95.0% |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 222,224 | 609,385 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 91.1% |
36.01 | Property | | 1 | Abe's Storage - Holly | 116,136 | 315,670 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 93.5% |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | 106,088 | 293,715 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 88.6% |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 1,881,684 | 771,543 | 12/31/2021 | T-12 | 1,980,398 | 1,501,549 | 478,848 | 12/31/2020 | T-12 | 83.1% |
39 | Loan | | 1 | North Creek Business Center | 192,196 | 256,360 | 12/31/2021 | T-12 | 542,143 | 204,314 | 337,829 | 12/31/2020 | T-12 | 95.0% |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) |
| | | | | | | | | | | 4 | 4 | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 32,787,176 | 9,786,898 | 23,000,278 | 0 | 0 | 23,000,278 | 2.60 | 2.60 | 12.3% | 12.3% |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 15,750,000 | 0 | 15,750,000 | 0 | 0 | 15,750,000 | 3.41 | 3.41 | 15.8% | 15.8% |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 14,015,432 | 2,610,886 | 11,404,546 | 179,242 | 398,681 | 10,826,623 | 1.73 | 1.64 | 11.1% | 10.5% |
3.01 | Property | | 1 | Eagle Springs | 2,568,301 | 355,258 | 2,213,043 | 9,000 | 75,698 | 2,128,345 | | | | |
3.02 | Property | | 1 | Danville | 2,543,184 | 337,416 | 2,205,768 | 5,167 | 75,421 | 2,125,180 | | | | |
3.03 | Property | | 1 | Blythewood | 2,442,402 | 379,264 | 2,063,138 | 62,638 | 73,285 | 1,927,215 | | | | |
3.04 | Property | | 1 | Menasha | 1,488,208 | 284,858 | 1,203,350 | 65,145 | 40,512 | 1,097,692 | | | | |
3.05 | Property | | 1 | Tremonton | 1,155,469 | 189,955 | 965,514 | 15,250 | 32,095 | 918,169 | | | | |
3.06 | Property | | 1 | Carbondale | 1,400,936 | 459,665 | 941,271 | 7,917 | 35,467 | 897,887 | | | | |
3.07 | Property | | 1 | Marysville | 1,396,402 | 355,498 | 1,040,904 | 9,000 | 39,941 | 991,963 | | | | |
3.08 | Property | | 1 | Midland | 1,020,529 | 248,972 | 771,557 | 5,125 | 26,262 | 740,170 | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 54,315,058 | 39,033,557 | 15,281,501 | 2,172,602 | 0 | 13,108,899 | 2.59 | 2.22 | 20.4% | 17.5% |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 15,659,792 | 6,447,392 | 9,212,401 | 53,847 | 699,325 | 8,459,229 | 1.54 | 1.41 | 9.4% | 8.6% |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 12,277,699 | 4,842,520 | 7,435,179 | 77,925 | 585,598 | 6,771,656 | 1.76 | 1.60 | 10.2% | 9.3% |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 5,899,240 | 1,729,139 | 4,170,101 | 61,387 | 0 | 4,108,714 | 1.87 | 1.84 | 9.7% | 9.6% |
7.01 | Property | | 1 | Your Extra Closet - Oxford | 3,053,642 | 753,262 | 2,300,380 | 25,402 | 0 | 2,274,978 | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | 1,192,022 | 361,084 | 830,938 | 12,600 | 0 | 818,338 | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | 604,051 | 207,818 | 396,233 | 7,518 | 0 | 388,716 | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | 546,595 | 213,449 | 333,146 | 9,475 | 0 | 323,671 | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | 502,930 | 193,526 | 309,404 | 6,393 | 0 | 303,012 | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 42,515,577 | 14,235,384 | 28,280,193 | 552,091 | 1,181,987 | 26,546,115 | 3.10 | 2.91 | 21.8% | 20.5% |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 15,525,783 | 6,214,931 | 9,310,852 | 88,811 | 670,347 | 8,551,694 | 2.07 | 1.90 | 13.1% | 12.0% |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 3,514,624 | 105,439 | 3,409,186 | 47,605 | 0 | 3,361,581 | 2.04 | 2.01 | 10.9% | 10.8% |
10.01 | Property | | 1 | Aldi - Tulsa | 295,733 | 8,872 | 286,861 | 3,592 | 0 | 283,269 | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | 277,457 | 8,324 | 269,133 | 8,762 | 0 | 260,371 | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | 252,700 | 7,581 | 245,119 | 2,223 | 0 | 242,896 | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | 253,980 | 7,619 | 246,360 | 1,519 | 0 | 244,842 | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | 365,750 | 10,972 | 354,777 | 2,150 | 0 | 352,627 | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | 163,117 | 4,894 | 158,223 | 1,514 | 0 | 156,709 | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | 133,000 | 3,990 | 129,010 | 437 | 0 | 128,573 | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | 112,496 | 3,375 | 109,121 | 1,507 | 0 | 107,614 | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | 114,718 | 3,442 | 111,277 | 1,807 | 0 | 109,469 | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | 120,044 | 3,601 | 116,443 | 1,648 | 0 | 114,794 | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | 108,699 | 3,261 | 105,438 | 1,363 | 0 | 104,075 | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | 104,203 | 3,126 | 101,077 | 1,463 | 0 | 99,615 | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | 98,004 | 2,940 | 95,064 | 1,367 | 0 | 93,697 | | | | |
10.14 | Property | | 1 | Dollar General - Butler | 99,739 | 2,992 | 96,746 | 1,425 | 0 | 95,321 | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | 123,499 | 3,705 | 119,794 | 1,429 | 0 | 118,365 | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | 84,352 | 2,531 | 81,822 | 1,558 | 0 | 80,264 | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | 119,858 | 3,596 | 116,263 | 1,500 | 0 | 114,763 | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | 85,348 | 2,560 | 82,788 | 1,348 | 0 | 81,440 | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | 106,632 | 3,199 | 103,433 | 1,248 | 0 | 102,185 | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | 100,225 | 3,007 | 97,218 | 1,380 | 0 | 95,838 | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | 82,869 | 2,486 | 80,383 | 1,405 | 0 | 78,978 | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | 81,829 | 2,455 | 79,374 | 1,245 | 0 | 78,129 | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | 89,051 | 2,672 | 86,380 | 1,377 | 0 | 85,002 | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | 80,366 | 2,411 | 77,955 | 1,354 | 0 | 76,601 | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | 60,954 | 1,829 | 59,125 | 2,983 | 0 | 56,142 | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 46,224,574 | 21,145,889 | 25,078,685 | 188,765 | 1,703,467 | 23,186,453 | 1.88 | 1.74 | 11.5% | 10.6% |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 50,343,452 | 12,694,091 | 37,649,361 | 118,679 | 1,318,651 | 36,212,031 | 2.10 | 2.02 | 16.0% | 15.4% |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 4,373,983 | 1,810,623 | 2,563,359 | -68,145 | 153,448 | 2,478,056 | 1.87 | 1.81 | 11.1% | 10.8% |
14 | Loan | | 1 | Graham Capital HQ | 5,002,907 | 1,854,590 | 3,148,317 | 55,188 | 166,628 | 2,926,501 | 2.45 | 2.28 | 15.6% | 14.5% |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 6,224,810 | 3,452,884 | 2,771,926 | 311,241 | 0 | 2,460,686 | 2.06 | 1.83 | 14.8% | 13.2% |
16 | Loan | | 1 | Gateway Hanover | 2,819,875 | 799,239 | 2,020,636 | 55,904 | 134,852 | 1,829,880 | 1.68 | 1.52 | 11.2% | 10.2% |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 24,477,430 | 14,117,671 | 10,359,760 | 979,097 | 0 | 9,380,662 | 2.27 | 2.06 | 16.4% | 14.9% |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | 4,874,305 | 2,848,833 | 2,025,472 | 194,972 | 0 | 1,830,500 | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | 3,580,510 | 1,764,772 | 1,815,738 | 143,220 | 0 | 1,672,518 | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | 3,420,353 | 2,009,907 | 1,410,446 | 136,814 | 0 | 1,273,632 | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | 3,113,711 | 1,807,057 | 1,306,654 | 124,548 | 0 | 1,182,105 | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | 3,312,629 | 2,108,757 | 1,203,871 | 132,505 | 0 | 1,071,366 | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | 1,727,843 | 912,944 | 814,898 | 69,114 | 0 | 745,785 | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | 1,638,604 | 878,928 | 759,676 | 65,544 | 0 | 694,132 | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | 1,472,769 | 978,344 | 494,426 | 58,911 | 0 | 435,515 | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | 1,336,706 | 808,129 | 528,578 | 53,468 | 0 | 475,110 | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 37,490,628 | 17,715,360 | 19,775,267 | 295,000 | 1,219,032 | 18,261,235 | 1.82 | 1.68 | 9.4% | 8.7% |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 9,366,051 | 4,909,142 | 4,456,909 | 146,831 | 337,744 | 3,972,334 | 1.95 | 1.73 | 13.0% | 11.6% |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 1,772,302 | 548,576 | 1,223,725 | 7,172 | 23,080 | 1,193,474 | 2.04 | 1.99 | 9.1% | 8.9% |
20.01 | Property | | 1 | 1 Hanover Square | 895,609 | 248,766 | 646,843 | 2,732 | 12,977 | 631,134 | | | | |
20.02 | Property | | 1 | 54 Stone Street | 623,473 | 223,524 | 399,949 | 1,620 | 5,320 | 393,009 | | | | |
20.03 | Property | | 1 | 30 Water Street | 253,220 | 76,286 | 176,933 | 2,820 | 4,783 | 169,331 | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 2,455,505 | 785,695 | 1,669,810 | 25,042 | 49,085 | 1,595,682 | 2.28 | 2.18 | 12.9% | 12.4% |
22 | Loan | 93 | 1 | Peery Hotel | 4,047,912 | 2,242,642 | 1,805,271 | 161,916 | 0 | 1,643,354 | 2.09 | 1.90 | 14.4% | 13.1% |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 2,141,597 | 677,281 | 1,464,316 | 31,533 | 98,541 | 1,334,242 | 1.58 | 1.44 | 12.2% | 11.1% |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 1,903,954 | 627,448 | 1,276,507 | 104,107 | 49,338 | 1,123,062 | 1.85 | 1.63 | 11.1% | 9.8% |
24.01 | Property | | 1 | 1468 West Hospital Road | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 1,691,468 | 640,868 | 1,050,600 | 6,622 | 11,337 | 1,032,641 | 1.56 | 1.53 | 9.3% | 9.2% |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) |
| | | | | | | | | | | 4 | 4 | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 3,053,667 | 1,705,677 | 1,347,991 | 8,448 | 5,632 | 1,333,910 | 1.66 | 1.64 | 13.5% | 13.3% |
27 | Loan | 99 | 1 | Residence Inn Florence | 3,676,271 | 1,996,615 | 1,679,656 | 147,051 | 0 | 1,532,605 | 2.35 | 2.14 | 16.8% | 15.3% |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 3,861,561 | 2,176,923 | 1,684,638 | 54,927 | 182,415 | 1,447,296 | 2.33 | 2.00 | 16.9% | 14.5% |
29 | Loan | | 2 | South Loop & Bloomingdale | 1,261,110 | 305,943 | 955,168 | 6,580 | 35,111 | 913,477 | 1.58 | 1.51 | 9.8% | 9.4% |
29.01 | Property | | 1 | South Loop Retail | 1,025,265 | 298,867 | 726,398 | 3,521 | 24,534 | 698,342 | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | 235,846 | 7,075 | 228,770 | 3,058 | 10,577 | 215,135 | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 2,297,399 | 859,716 | 1,437,684 | 38,671 | 185,725 | 1,213,288 | 2.20 | 1.86 | 14.8% | 12.5% |
30.01 | Property | | 1 | Pavilions Shopping Center | 1,202,059 | 412,761 | 789,298 | 15,261 | 68,676 | 705,360 | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | 1,095,340 | 446,954 | 648,386 | 23,410 | 117,049 | 507,927 | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 1,988,253 | 497,158 | 1,491,095 | 32,682 | 163,408 | 1,295,005 | 2.25 | 1.95 | 15.7% | 13.7% |
32 | Loan | 113 | 1 | Elyria Industrial | 2,009,440 | 1,004,277 | 1,005,164 | 61,799 | 64,875 | 878,490 | 1.57 | 1.37 | 11.7% | 10.2% |
33 | Loan | | 1 | 850 Technology Way | 1,370,706 | 373,516 | 997,190 | 9,382 | 117,296 | 870,512 | 1.83 | 1.60 | 12.7% | 11.1% |
34 | Loan | 9, 114 | 1 | Riverport Tower | 6,450,962 | 3,278,453 | 3,172,509 | 152,058 | 311,737 | 2,708,714 | 2.49 | 2.12 | 14.7% | 12.5% |
35 | Loan | | 1 | CollegePlace Clemson | 1,051,549 | 410,400 | 641,149 | 14,400 | 0 | 626,749 | 1.66 | 1.63 | 10.2% | 9.9% |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 872,837 | 252,685 | 620,152 | 9,327 | 0 | 610,825 | 1.82 | 1.80 | 10.4% | 10.3% |
36.01 | Property | | 1 | Abe's Storage - Holly | 456,466 | 133,766 | 322,700 | 4,728 | 0 | 317,972 | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | 416,371 | 118,919 | 297,452 | 4,599 | 0 | 292,853 | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | 726,750 | 0 | 726,750 | -15,000 | 30,413 | 711,337 | 1.96 | 1.92 | 12.3% | 12.1% |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 2,884,940 | 1,949,968 | 934,971 | 115,398 | 0 | 819,574 | 2.34 | 2.05 | 16.3% | 14.3% |
39 | Loan | | 1 | North Creek Business Center | 685,269 | 218,153 | 467,116 | 11,404 | 20,909 | 434,804 | 1.43 | 1.33 | 11.6% | 10.8% |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant |
| | | | | | | | | | 5 | | �� | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 575,000,000 | As Is | 1/20/2022 | 32.6% | 32.6% | 94.7% | 7/22/2022 | NAP | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 259,000,000 | As Is | 7/1/2022 | 38.6% | 38.6% | NAP | NAP | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 196,800,000 | As Is | Various | 52.3% | 52.3% | 100.0% | | | |
3.01 | Property | | 1 | Eagle Springs | 40,000,000 | As Is | 8/16/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.02 | Property | | 1 | Danville | 40,000,000 | As Is | 8/16/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.03 | Property | | 1 | Blythewood | 37,600,000 | As Is | 8/16/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.04 | Property | | 1 | Menasha | 17,500,000 | As Is | 8/16/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.05 | Property | | 1 | Tremonton | 17,600,000 | As Is | 8/16/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.06 | Property | | 1 | Carbondale | 16,900,000 | As Is | 8/16/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.07 | Property | | 1 | Marysville | 14,400,000 | As Is | 8/17/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
3.08 | Property | | 1 | Midland | 12,800,000 | As Is | 8/12/2022 | | | 100.0% | 10/6/2022 | Yes | Intertape Polymer Group |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 164,000,000 | As Is | 8/8/2022 | 45.7% | 44.3% | 52.5% | 6/30/2022 | NAP | NAP |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 187,000,000 | As Is | 7/1/2022 | 52.4% | 52.4% | 87.4% | 6/23/2022 | No | The City of New York |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 122,850,000 | As Is | 7/8/2022 | 59.4% | 59.4% | 88.3% | 6/30/2022 | No | Wells Fargo Bank |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 72,030,000 | As Is | Various | 59.7% | 59.7% | 95.5% | | | |
7.01 | Property | | 1 | Your Extra Closet - Oxford | 38,860,000 | As Is | 8/14/2022 | | | 98.6% | 7/31/2022 | NAP | NAP |
7.02 | Property | | 1 | Your Extra Closet - Starkville | 15,470,000 | As Is | 8/19/2022 | | | 98.0% | 7/31/2022 | NAP | NAP |
7.03 | Property | | 1 | Your Extra Closet - Valley View | 6,400,000 | As Is | 8/5/2022 | | | 89.8% | 7/31/2022 | NAP | NAP |
7.04 | Property | | 1 | Your Extra Closet - Brookland | 5,900,000 | As Is | 8/5/2022 | | | 91.9% | 7/31/2022 | NAP | NAP |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | 5,400,000 | As Is | 8/5/2022 | | | 90.4% | 7/31/2022 | NAP | NAP |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 393,000,000 | As Is | 5/17/2022 | 33.0% | 27.9% | 86.3% | 5/3/2022 | No | Bass Pro Shops Outdoor |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 121,300,000 | As Is | 8/1/2022 | 58.5% | 58.5% | 97.2% | 9/6/2022 | No | Old Navy |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 63,920,000 | As Is | Various | 48.7% | 48.7% | 100.0% | | | |
10.01 | Property | | 1 | Aldi - Tulsa | 5,700,000 | As Is | 7/23/2022 | | | 100.0% | 10/1/2022 | Yes | ALDI |
10.02 | Property | | 1 | Hobby Lobby - Arnold | 5,310,000 | As Is | 6/20/2022 | | | 100.0% | 10/1/2022 | Yes | Hobby Lobby |
10.03 | Property | | 1 | Walgreens - Rock Falls | 4,600,000 | As Is | 6/28/2022 | | | 100.0% | 10/1/2022 | Yes | Walgreens |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | 4,850,000 | As Is | 7/5/2022 | | | 100.0% | 10/1/2022 | Yes | CVS Pharmacy |
10.05 | Property | | 1 | Walgreens - Wyncote | 6,700,000 | As Is | 6/22/2022 | | | 100.0% | 10/1/2022 | Yes | Walgreens |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | 3,100,000 | As Is | 6/15/2022 | | | 100.0% | 10/1/2022 | Yes | CVS Pharmacy |
10.07 | Property | | 1 | Huntington Bank - Canton | 2,425,000 | As Is | 6/24/2022 | | | 100.0% | 10/1/2022 | Yes | Huntington Bank |
10.08 | Property | | 1 | Dollar Tree - Herrin | 1,970,000 | As Is | 6/22/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.09 | Property | | 1 | Dollar General - Diamond | 2,150,000 | As Is | 6/24/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar General |
10.1 | Property | | 1 | Dollar Tree - Chicago | 2,110,000 | As Is | 7/17/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.11 | Property | | 1 | Dollar General - Ocala | 1,910,000 | As Is | 6/24/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar General |
10.12 | Property | | 1 | Dollar Tree - Harrah | 1,800,000 | As Is | 7/24/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.13 | Property | | 1 | Dollar Tree - De Soto | 1,670,000 | As Is | 6/20/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.14 | Property | | 1 | Dollar General - Butler | 1,800,000 | As Is | 6/22/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar General |
10.15 | Property | | 1 | Family Dollar - Fort Worth | 2,170,000 | As Is | 6/27/2022 | | | 100.0% | 10/1/2022 | Yes | Family Dollar |
10.16 | Property | | 1 | Dollar Tree - Cowpens | 1,470,000 | As Is | 6/16/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.17 | Property | | 1 | Dollar Tree - Fairfield | 2,075,000 | As Is | 6/15/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.18 | Property | | 1 | Dollar Tree - Roanoke | 1,400,000 | As Is | 6/29/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.19 | Property | | 1 | Family Dollar - Jacksonville | 1,850,000 | As Is | 6/23/2022 | | | 100.0% | 10/1/2022 | Yes | Family Dollar |
10.2 | Property | | 1 | Dollar Tree - San Elizario | 1,830,000 | As Is | 6/22/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar Tree |
10.21 | Property | | 1 | Dollar General - Topeka | 1,430,000 | As Is | 6/21/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar General |
10.22 | Property | | 1 | Family Dollar - Warren | 1,375,000 | As Is | 6/21/2022 | | | 100.0% | 10/1/2022 | Yes | Family Dollar |
10.23 | Property | | 1 | Dollar General - Pembroke | 1,700,000 | As Is | 6/22/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar General |
10.24 | Property | | 1 | Dollar General - Mount Airy | 1,400,000 | As Is | 6/22/2022 | | | 100.0% | 10/1/2022 | Yes | Dollar General |
10.25 | Property | | 1 | Family Dollar - East Canton | 1,125,000 | As Is | 5/16/2022 | | | 100.0% | 10/1/2022 | Yes | Family Dollar |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 362,500,000 | As Is | 5/4/2022 | 60.1% | 60.1% | 86.8% | 6/27/2022 | No | Rocket Mortgage |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 591,000,000 | As Is | 9/2/2022 | 39.8% | 34.3% | 94.7% | 9/23/2022 | No | Bass Pro Shops Outdoor |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 45,500,000 | As Is | 4/6/2022 | 50.5% | 50.5% | 98.4% | 7/15/2022 | No | Dent Neurological |
14 | Loan | | 1 | Graham Capital HQ | 38,900,000 | As Is | 5/5/2022 | 52.0% | 52.0% | 100.0% | 10/6/2022 | Yes | Graham Capital Management |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 32,000,000 | As Is | 7/1/2022 | 58.4% | 49.6% | 87.0% | 7/31/2022 | NAP | NAP |
16 | Loan | | 1 | Gateway Hanover | 29,200,000 | As Is | 7/26/2022 | 61.6% | 61.6% | 100.0% | 3/30/2022 | No | Hobby Lobby |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 134,300,000 | As Is | Various | 46.9% | 43.2% | 66.5% | | | |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | 27,100,000 | As Is | 5/3/2022 | | | 62.0% | 5/31/2022 | NAP | NAP |
17.02 | Property | | 1 | Beachside Gulf Shores | 22,500,000 | As Is | 5/3/2022 | | | 52.7% | 5/31/2022 | NAP | NAP |
17.03 | Property | | 1 | Home2Suites Mobile | 16,700,000 | As Is | 5/4/2022 | | | 85.8% | 5/31/2022 | NAP | NAP |
17.04 | Property | | 1 | Home2Suites Daphne | 16,700,000 | As Is | 5/4/2022 | | | 82.0% | 5/31/2022 | NAP | NAP |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | 18,100,000 | As Is | 5/3/2022 | | | 65.4% | 5/31/2022 | NAP | NAP |
17.06 | Property | | 1 | Gulf Shores Motel 6 | 9,700,000 | As Is | 5/3/2022 | | | 72.6% | 5/31/2022 | NAP | NAP |
17.07 | Property | | 1 | Red Roof Pensacola | 8,400,000 | As Is | 5/3/2022 | | | 56.7% | 5/31/2022 | NAP | NAP |
17.08 | Property | | 1 | Quality Inn Gulf Shores | 7,800,000 | As Is | 5/3/2022 | | | 53.9% | 5/31/2022 | NAP | NAP |
17.09 | Property | | 1 | Red Roof Gulf Shores | 7,300,000 | As Is | 5/3/2022 | | | 61.0% | 5/31/2022 | NAP | NAP |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 335,200,000 | As Is | 1/31/2022 | 62.6% | 62.6% | 90.5% | 2/1/2022 | No | iCIMS, Inc. |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 59,500,000 | As Is | 3/29/2022 | 57.4% | 47.9% | 61.6% | 4/1/2022 | No | Midland Credit Management, Inc. |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 25,900,000 | As Is | 5/3/2022 | 51.7% | 51.7% | 100.0% | | | |
20.01 | Property | | 1 | 1 Hanover Square | 13,600,000 | As Is | 5/3/2022 | | | 100.0% | 10/1/2022 | Yes | One Hanover LLC |
20.02 | Property | | 1 | 54 Stone Street | 8,700,000 | As Is | 5/3/2022 | | | 100.0% | 5/18/2022 | No | Pizza on Stone LLC (Adrienne's Pizza Bar) |
20.03 | Property | | 1 | 30 Water Street | 3,600,000 | As Is | 5/3/2022 | | | 100.0% | 10/1/2022 | Yes | DRT Group LLC (The Dead Rabbit) |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 23,900,000 | As Is | 5/2/2022 | 54.0% | 54.0% | 87.6% | 6/13/2022 | No | Dick's Sporting Goods, Inc. |
22 | Loan | 93 | 1 | Peery Hotel | 21,000,000 | As Is | 7/21/2022 | 59.5% | 59.5% | 72.4% | 6/30/2022 | NAP | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 23,700,000 | As Is | 7/6/2022 | 50.6% | 39.2% | 100.0% | 10/6/2022 | Yes | IRS National Distribution |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 22,400,000 | As Is | Various | 51.1% | 51.1% | 100.0% | | | |
24.01 | Property | | 1 | 1468 West Hospital Road | 6,600,000 | As Is | 6/24/2022 | | | 100.0% | 10/6/2022 | Yes | Inliner - Paoli |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | 5,700,000 | As Is | 6/24/2022 | | | 100.0% | 10/6/2022 | Yes | Inliner - Orleans |
24.03 | Property | | 1 | 2531 Jewett Lane | 5,050,000 | As Is | 6/23/2022 | | | 100.0% | 10/6/2022 | Yes | Inliner - Sanford |
24.04 | Property | | 1 | 4086 Michigan Avenue | 5,050,000 | As Is | 6/20/2022 | | | 100.0% | 10/6/2022 | Yes | IPR - Detroit |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 17,800,000 | As Is | 5/4/2022 | 63.2% | 63.2% | 94.7% | 7/1/2022 | No | MyPsychiatrist.com, LLC |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant |
| | | | | | | | | | 5 | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 20,000,000 | As Is | 8/25/2022 | 50.0% | 43.8% | 100.0% | 10/1/2022 | Yes | Equinox |
27 | Loan | 99 | 1 | Residence Inn Florence | 16,400,000 | As Is | 6/14/2022 | 61.0% | 51.6% | 75.1% | 6/30/2022 | NAP | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 19,900,000 | As Is | 6/21/2022 | 50.2% | 47.0% | 94.2% | 6/1/2022 | No | Prospero (Indigo sublease) |
29 | Loan | | 2 | South Loop & Bloomingdale | 16,400,000 | As Is | Various | 59.5% | 59.5% | 100.0% | | | |
29.01 | Property | | 1 | South Loop Retail | 11,000,000 | As Is | 7/20/2022 | | | 100.0% | 8/3/2022 | No | Staples |
29.02 | Property | | 1 | Bloomingdale Retail | 5,400,000 | As Is | 7/14/2022 | | | 100.0% | 10/6/2022 | Yes | ALDI Inc. |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 16,000,000 | As Is | 5/6/2022 | 60.7% | 53.0% | 93.8% | | | |
30.01 | Property | | 1 | Pavilions Shopping Center | 8,900,000 | As Is | 5/6/2022 | | | 91.2% | 7/27/2022 | No | Chicago Health Clubs, LLC |
30.02 | Property | | 1 | 37th Ave Shopping Center | 7,100,000 | As Is | 5/6/2022 | | | 95.4% | 7/27/2022 | No | American Bicycle Association |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 17,200,000 | As Is | 5/25/2022 | 55.1% | 44.1% | 96.8% | 5/31/2022 | No | Lake Effect Furniture and Mattress |
32 | Loan | 113 | 1 | Elyria Industrial | 11,500,000 | As Is | 6/1/2022 | 74.9% | 64.1% | 86.6% | 9/1/2022 | No | Family Farm & Home, Inc. |
33 | Loan | | 1 | 850 Technology Way | 12,000,000 | As Is | 6/16/2022 | 65.4% | 56.3% | 95.3% | 6/27/2022 | No | Comcast |
34 | Loan | 9, 114 | 1 | Riverport Tower | 37,100,000 | As Is | 5/5/2022 | 58.2% | 58.2% | 90.8% | 6/1/2022 | No | Charter Communications |
35 | Loan | | 1 | CollegePlace Clemson | 10,600,000 | As Is | 8/11/2022 | 59.4% | 59.4% | 100.0% | 8/4/2022 | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 10,300,000 | As Is | 7/25/2022 | 57.8% | 57.8% | 98.3% | | | |
36.01 | Property | | 1 | Abe's Storage - Holly | 5,200,000 | As Is | 7/25/2022 | | | 97.8% | 7/31/2022 | NAP | NAP |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | 5,100,000 | As Is | 7/25/2022 | | | 98.9% | 7/31/2022 | NAP | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | 10,400,000 | As Is | 8/12/2022 | 56.6% | 56.6% | 100.0% | 10/1/2022 | Yes | Paramount Apparel International |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 11,000,000 | Prospective Market Value Upon Completion | 6/22/2023 | 52.2% | 43.9% | 83.1% | 6/30/2022 | NAP | NAP |
39 | Loan | | 1 | North Creek Business Center | 6,150,000 | As Is | 5/10/2022 | 65.4% | 57.3% | 97.1% | 10/6/2022 | No | iCan Dream Center, NFP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date |
| | | | | | | 6 | | | | 6 |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | | | | | | | |
3.01 | Property | | 1 | Eagle Springs | 317,670 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | Danville | 316,507 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Blythewood | 350,563 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.04 | Property | | 1 | Menasha | 156,860 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.05 | Property | | 1 | Tremonton | 118,503 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.06 | Property | | 1 | Carbondale | 193,730 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.07 | Property | | 1 | Marysville | 233,264 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
3.08 | Property | | 1 | Midland | 104,617 | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 67,000 | 24.9% | 10/14/2029 | In Touch Group, LLC | 51,000 | 18.9% | 9/30/2031 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 44,566 | 11.4% | 7/31/2027 | Phelps Dunbar, LLP | 30,311 | 7.8% | 6/30/2028 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | | | | | | | |
7.01 | Property | | 1 | Your Extra Closet - Oxford | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.02 | Property | | 1 | Your Extra Closet - Starkville | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.03 | Property | | 1 | Your Extra Closet - Valley View | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.04 | Property | | 1 | Your Extra Closet - Brookland | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 144,702 | 12.2% | 10/25/2024 | Burlington | 100,083 | 8.5% | 1/31/2025 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 15,000 | 4.2% | 6/30/2026 | Polo Ralph Lauren | 15,000 | 4.2% | 6/30/2026 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | | | | | | | |
10.01 | Property | | 1 | Aldi - Tulsa | 23,946 | 100.0% | 9/30/2031 | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Hobby Lobby - Arnold | 58,412 | 100.0% | 12/31/2033 | NAP | NAP | NAP | NAP |
10.03 | Property | | 1 | Walgreens - Rock Falls | 14,820 | 100.0% | 11/30/2034 | NAP | NAP | NAP | NAP |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | 10,125 | 100.0% | 3/31/2035 | NAP | NAP | NAP | NAP |
10.05 | Property | | 1 | Walgreens - Wyncote | 14,335 | 100.0% | 10/31/2028 | NAP | NAP | NAP | NAP |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | 10,093 | 100.0% | 5/31/2032 | NAP | NAP | NAP | NAP |
10.07 | Property | | 1 | Huntington Bank - Canton | 2,914 | 100.0% | 4/30/2047 | NAP | NAP | NAP | NAP |
10.08 | Property | | 1 | Dollar Tree - Herrin | 10,049 | 100.0% | 9/30/2030 | NAP | NAP | NAP | NAP |
10.09 | Property | | 1 | Dollar General - Diamond | 12,049 | 100.0% | 1/31/2032 | NAP | NAP | NAP | NAP |
10.1 | Property | | 1 | Dollar Tree - Chicago | 10,988 | 100.0% | 4/30/2031 | NAP | NAP | NAP | NAP |
10.11 | Property | | 1 | Dollar General - Ocala | 9,086 | 100.0% | 8/31/2029 | NAP | NAP | NAP | NAP |
10.12 | Property | | 1 | Dollar Tree - Harrah | 9,750 | 100.0% | 9/30/2031 | NAP | NAP | NAP | NAP |
10.13 | Property | | 1 | Dollar Tree - De Soto | 9,115 | 100.0% | 5/31/2030 | NAP | NAP | NAP | NAP |
10.14 | Property | | 1 | Dollar General - Butler | 9,501 | 100.0% | 9/30/2031 | NAP | NAP | NAP | NAP |
10.15 | Property | | 1 | Family Dollar - Fort Worth | 9,527 | 100.0% | 10/31/2029 | NAP | NAP | NAP | NAP |
10.16 | Property | | 1 | Dollar Tree - Cowpens | 10,385 | 100.0% | 7/31/2031 | NAP | NAP | NAP | NAP |
10.17 | Property | | 1 | Dollar Tree - Fairfield | 10,000 | 100.0% | 9/30/2028 | NAP | NAP | NAP | NAP |
10.18 | Property | | 1 | Dollar Tree - Roanoke | 8,984 | 100.0% | 1/31/2029 | NAP | NAP | NAP | NAP |
10.19 | Property | | 1 | Family Dollar - Jacksonville | 8,320 | 100.0% | 9/30/2031 | NAP | NAP | NAP | NAP |
10.2 | Property | | 1 | Dollar Tree - San Elizario | 9,201 | 100.0% | 6/30/2032 | NAP | NAP | NAP | NAP |
10.21 | Property | | 1 | Dollar General - Topeka | 9,367 | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP |
10.22 | Property | | 1 | Family Dollar - Warren | 8,300 | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP |
10.23 | Property | | 1 | Dollar General - Pembroke | 9,182 | 100.0% | 9/30/2034 | NAP | NAP | NAP | NAP |
10.24 | Property | | 1 | Dollar General - Mount Airy | 9,026 | 100.0% | 8/31/2028 | NAP | NAP | NAP | NAP |
10.25 | Property | | 1 | Family Dollar - East Canton | 19,889 | 100.0% | 4/30/2032 | NAP | NAP | NAP | NAP |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 570,214 | 42.0% | 12/31/2028 | Meridian Health | 266,001 | 19.6% | 12/31/2024 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 134,790 | 10.2% | 9/12/2029 | Burlington | 100,498 | 7.6% | 1/31/2025 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 85,556 | 88.6% | 5/30/2034 | Mash Urgent Care | 4,064 | 4.2% | 11/30/2023 |
14 | Loan | | 1 | Graham Capital HQ | 100,342 | 100.0% | 9/30/2037 | NAP | NAP | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | | 1 | Gateway Hanover | 55,000 | 28.5% | 9/30/2026 | Dick's Sporting Goods | 40,029 | 20.8% | 1/31/2033 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | | | | | | | |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.02 | Property | | 1 | Beachside Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.03 | Property | | 1 | Home2Suites Mobile | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.04 | Property | | 1 | Home2Suites Daphne | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.06 | Property | | 1 | Gulf Shores Motel 6 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.07 | Property | | 1 | Red Roof Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.08 | Property | | 1 | Quality Inn Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.09 | Property | | 1 | Red Roof Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 331,378 | 24.2% | 11/30/2032 | Guardian Life Insurance Company of America | 91,319 | 6.7% | 12/31/2032 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 93,516 | 12.7% | 4/30/2025 | One10, LLC | 51,227 | 7.0% | 8/31/2029 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | | | | | | | |
20.01 | Property | | 1 | 1 Hanover Square | 13,660 | 100.0% | 4/30/2037 | NAP | NAP | NAP | NAP |
20.02 | Property | | 1 | 54 Stone Street | 5,600 | 50.0% | 4/30/2037 | Residential Tenant | 2,800 | 25.0% | 4/30/2024 |
20.03 | Property | | 1 | 30 Water Street | 5,035 | 100.0% | 4/30/2037 | NAP | NAP | NAP | NAP |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 55,500 | 62.1% | 1/31/2028 | Kirkland's Stores, Inc. | 7,206 | 8.1% | 1/31/2028 |
22 | Loan | 93 | 1 | Peery Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 131,388 | 100.0% | 5/18/2028 | NAP | NAP | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | | | | | | | |
24.01 | Property | | 1 | 1468 West Hospital Road | 116,208 | 100.0% | 7/30/2047 | NAP | NAP | NAP | NAP |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | 113,105 | 100.0% | 7/30/2047 | NAP | NAP | NAP | NAP |
24.03 | Property | | 1 | 2531 Jewett Lane | 46,447 | 100.0% | 7/30/2047 | NAP | NAP | NAP | NAP |
24.04 | Property | | 1 | 4086 Michigan Avenue | 52,501 | 100.0% | 7/30/2047 | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 4,301 | 13.0% | 8/31/2026 | South Dade Primary Care | 4,027 | 12.2% | 4/14/2030 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date |
| | | | | | | 6 | | | | 6 |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 56,321 | 100.0% | 12/31/2042 | NAP | NAP | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 80,551 | 46.1% | 3/31/2027 | LRK, Inc. | 37,969 | 21.7% | 5/31/2025 |
29 | Loan | | 2 | South Loop & Bloomingdale | | | | | | | |
29.01 | Property | | 1 | South Loop Retail | 20,003 | 85.2% | 1/31/2033 | JP Morgan Chase Bank, National Association | 3,473 | 14.8% | 3/31/2026 |
29.02 | Property | | 1 | Bloomingdale Retail | 20,388 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | | | | | | | |
30.01 | Property | | 1 | Pavilions Shopping Center | 15,000 | 19.7% | 1/6/2030 | St. Mary Medical Center | 10,665 | 14.0% | 6/30/2023 |
30.02 | Property | | 1 | 37th Ave Shopping Center | 40,960 | 31.5% | 12/31/2023 | Ace Catering / Gino's Banquets | 17,643 | 13.6% | 3/31/2027 |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 83,472 | 51.1% | 6/30/2032 | Get Air | 30,054 | 18.4% | 7/31/2027 |
32 | Loan | 113 | 1 | Elyria Industrial | 163,086 | 26.4% | 1/31/2027 | Elyria Foundry Company | 145,287 | 23.5% | 9/30/2024 |
33 | Loan | | 1 | 850 Technology Way | 34,553 | 44.2% | 9/30/2030 | Mobile Therapy Centers of America LLC | 26,632 | 34.1% | 4/30/2030 |
34 | Loan | 9, 114 | 1 | Riverport Tower | 255,498 | 80.4% | 10/31/2029 | Essence Group Holdings Corporation | 27,778 | 8.7% | 12/31/2029 |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | | | | | | | |
36.01 | Property | | 1 | Abe's Storage - Holly | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | 304,130 | 100.0% | 8/31/2032 | NAP | NAP | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | | 1 | North Creek Business Center | 16,215 | 42.7% | 9/30/2029 | Circle Logistics, Inc. | 7,884 | 20.7% | 8/31/2027 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | 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 |
| | | | | | | | 6 | | | | 6 |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | | | | | | | | |
3.01 | Property | | 1 | Eagle Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | Danville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Blythewood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.04 | Property | | 1 | Menasha | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.05 | Property | | 1 | Tremonton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.06 | Property | | 1 | Carbondale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.07 | Property | | 1 | Marysville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.08 | Property | | 1 | Midland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | E-Lo Sportswear, LLC | 34,000 | 12.6% | 8/31/2027 | Situation Marketing, LLC | 17,000 | 6.3% | 5/31/2026 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | Wicker, Smith, O'Hara, McCoy & Ford, PA | 20,632 | 5.3% | 7/31/2029 | Valet Living, LLC | 20,601 | 5.3% | 8/31/2028 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | | | | | | | | |
7.01 | Property | | 1 | Your Extra Closet - Oxford | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.02 | Property | | 1 | Your Extra Closet - Starkville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.03 | Property | | 1 | Your Extra Closet - Valley View | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.04 | Property | | 1 | Your Extra Closet - Brookland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | AMC Theatres | 76,671 | 6.5% | 10/31/2029 | Marshalls | 32,126 | 2.7% | 1/31/2030 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | Nike | 14,953 | 4.2% | 6/30/2026 | Under Armour | 12,000 | 3.4% | 6/30/2026 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | | | | | | | | |
10.01 | Property | | 1 | Aldi - Tulsa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Hobby Lobby - Arnold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.03 | Property | | 1 | Walgreens - Rock Falls | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.05 | Property | | 1 | Walgreens - Wyncote | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.07 | Property | | 1 | Huntington Bank - Canton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.08 | Property | | 1 | Dollar Tree - Herrin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.09 | Property | | 1 | Dollar General - Diamond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.1 | Property | | 1 | Dollar Tree - Chicago | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.11 | Property | | 1 | Dollar General - Ocala | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.12 | Property | | 1 | Dollar Tree - Harrah | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.13 | Property | | 1 | Dollar Tree - De Soto | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.14 | Property | | 1 | Dollar General - Butler | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.15 | Property | | 1 | Family Dollar - Fort Worth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.16 | Property | | 1 | Dollar Tree - Cowpens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.17 | Property | | 1 | Dollar Tree - Fairfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.18 | Property | | 1 | Dollar Tree - Roanoke | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.19 | Property | | 1 | Family Dollar - Jacksonville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.2 | Property | | 1 | Dollar Tree - San Elizario | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.21 | Property | | 1 | Dollar General - Topeka | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.22 | Property | | 1 | Family Dollar - Warren | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.23 | Property | | 1 | Dollar General - Pembroke | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.24 | Property | | 1 | Dollar General - Mount Airy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.25 | Property | | 1 | Family Dollar - East Canton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | Rock Ventures | 66,059 | 4.9% | 12/31/2028 | Building Amenities Wellness Center LLC | 50,116 | 3.7% | 12/31/2035 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | AMC Theatres | 83,732 | 6.3% | 9/30/2029 | Dick's Sporting Goods | 53,677 | 4.1% | 1/31/2032 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | Snyder OBGYN | 2,852 | 3.0% | 6/30/2023 | Dr. Jeffrey I. Goldberg DDS PLLC | 2,482 | 2.6% | 12/31/2025 |
14 | Loan | | 1 | Graham Capital HQ | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | | 1 | Gateway Hanover | Ross Dress for Less, Inc. | 25,000 | 13.0% | 1/31/2027 | Old Navy | 12,569 | 6.5% | 4/30/2032 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | | | | | | | | |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.02 | Property | | 1 | Beachside Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.03 | Property | | 1 | Home2Suites Mobile | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.04 | Property | | 1 | Home2Suites Daphne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.06 | Property | | 1 | Gulf Shores Motel 6 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.07 | Property | | 1 | Red Roof Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.08 | Property | | 1 | Quality Inn Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.09 | Property | | 1 | Red Roof Gulf Shores | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | WorkWave LLC | 71,667 | 5.2% | 5/27/2029 | Jersey Central Power & Light Company | 69,870 | 5.1% | 12/31/2027 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | J.D. Power | 31,149 | 4.2% | 1/31/2027 | EASI, LLC | 23,464 | 3.2% | 1/31/2026 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | | | | | | | | |
20.01 | Property | | 1 | 1 Hanover Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.02 | Property | | 1 | 54 Stone Street | One Hanover LLC Residential | 2,800 | 25.0% | 3/31/2023 | NAP | NAP | NAP | NAP |
20.03 | Property | | 1 | 30 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | Rally House | 7,206 | 8.1% | 1/31/2026 | Torrid | 2,574 | 2.9% | 3/31/2023 |
22 | Loan | 93 | 1 | Peery Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | | | | | | | | |
24.01 | Property | | 1 | 1468 West Hospital Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.03 | Property | | 1 | 2531 Jewett Lane | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.04 | Property | | 1 | 4086 Michigan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | Selfie Aesthetic, LLC | 3,985 | 12.0% | 4/30/2025 | L&M Yoga, Inc. d/b/a/ Casa Vinyasa | 2,410 | 7.3% | 10/31/2023 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | 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 |
| | | | | | | | 6 | | | | 6 |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | Indigo AG | 21,500 | 12.3% | 3/31/2027 | Connect Hub Co-Working | 12,529 | 7.2% | 4/30/2030 |
29 | Loan | | 2 | South Loop & Bloomingdale | | | | | | | | |
29.01 | Property | | 1 | South Loop Retail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.02 | Property | | 1 | Bloomingdale Retail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | | | | | | | | |
30.01 | Property | | 1 | Pavilions Shopping Center | Ancilla Systems Inc. | 7,468 | 9.8% | 12/31/2026 | GN Endocrinology Ltd. | 3,500 | 4.6% | 8/31/2027 |
30.02 | Property | | 1 | 37th Ave Shopping Center | Planet Fitness | 17,000 | 13.1% | 6/30/2027 | Order of AHEPA | 11,000 | 8.5% | 12/31/2026 |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | American Red Cross | 22,200 | 13.6% | 12/31/2024 | Goodwill Industries of WNY | 13,120 | 8.0% | 6/30/2026 |
32 | Loan | 113 | 1 | Elyria Industrial | M.P.&A. North, Inc. | 117,929 | 19.1% | 6/30/2025 | Geon Performance Solutions, LLC | 104,183 | 16.9% | 10/31/2025 |
33 | Loan | | 1 | 850 Technology Way | Center Church | 13,288 | 17.0% | 10/31/2030 | NAP | NAP | NAP | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | | | | | | | | |
36.01 | Property | | 1 | Abe's Storage - Holly | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | | 1 | North Creek Business Center | Elara Caring III (aka, America at Home Healthcare & Nursing Services, Ltd) | 6,200 | 16.3% | 5/31/2027 | Eyelation, LLC | 2,496 | 6.6% | MTM |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) |
| | | | | | | | 6 | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | NAP | NAP | NAP | 1/20/2022 | NAP | 1/19/2022 | NAP | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | NAP | NAP | NAP | 7/7/2022 | NAP | 7/7/2022 | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | | | | | | | | | |
3.01 | Property | | 1 | Eagle Springs | NAP | NAP | NAP | NAP | 9/21/2022 | NAP | 9/12/2022 | NAP | NAP |
3.02 | Property | | 1 | Danville | NAP | NAP | NAP | NAP | 9/21/2022 | NAP | 9/12/2022 | NAP | NAP |
3.03 | Property | | 1 | Blythewood | NAP | NAP | NAP | NAP | 9/21/2022 | NAP | 9/12/2022 | NAP | NAP |
3.04 | Property | | 1 | Menasha | NAP | NAP | NAP | NAP | 9/21/2022 | 9/9/2022 | 9/12/2022 | NAP | NAP |
3.05 | Property | | 1 | Tremonton | NAP | NAP | NAP | NAP | 9/21/2022 | NAP | 9/12/2022 | 8/23/2022 | 11% |
3.06 | Property | | 1 | Carbondale | NAP | NAP | NAP | NAP | 9/21/2022 | NAP | 9/12/2022 | NAP | NAP |
3.07 | Property | | 1 | Marysville | NAP | NAP | NAP | NAP | 9/21/2022 | 9/9/2022 | 9/12/2022 | NAP | NAP |
3.08 | Property | | 1 | Midland | NAP | NAP | NAP | NAP | 9/21/2022 | NAP | 9/12/2022 | NAP | NAP |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | NAP | NAP | NAP | NAP | 8/12/2022 | NAP | 8/12/2022 | NAP | NAP |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | Severud Assoc | 17,000 | 6.3% | 12/31/2032 | 6/29/2022 | NAP | 6/29/2022 | NAP | NAP |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | Datis HR Cloud, Inc | 19,618 | 5.0% | 8/31/2031 | 5/3/2022 | NAP | 5/2/2022 | NAP | NAP |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | | | | | | | | | |
7.01 | Property | | 1 | Your Extra Closet - Oxford | NAP | NAP | NAP | NAP | 9/1/2021 | NAP | 9/1/2021 | NAP | NAP |
7.02 | Property | | 1 | Your Extra Closet - Starkville | NAP | NAP | NAP | NAP | 9/1/2021 | NAP | 9/1/2021 | NAP | NAP |
7.03 | Property | | 1 | Your Extra Closet - Valley View | NAP | NAP | NAP | NAP | 9/1/2021 | NAP | 9/1/2021 | 10/14/2019 | 8% |
7.04 | Property | | 1 | Your Extra Closet - Brookland | NAP | NAP | NAP | NAP | 9/1/2021 | NAP | 9/1/2021 | 10/11/2019 | 6%, 7%, 10% |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | NAP | NAP | NAP | NAP | 9/1/2021 | NAP | 9/1/2021 | 10/14/2019 | 8% |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | Sun & Ski Sports | 30,002 | 2.5% | 3/31/2026 | 5/24/2022 | NAP | 7/12/2022 | NAP | NAP |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | Adidas | 8,900 | 2.5% | 7/31/2030 | 8/12/2022 | NAP | 8/12/2022 | NAP | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | | | | | | | | | |
10.01 | Property | | 1 | Aldi - Tulsa | NAP | NAP | NAP | NAP | 7/22/2022 | NAP | 7/22/2022 | NAP | NAP |
10.02 | Property | | 1 | Hobby Lobby - Arnold | NAP | NAP | NAP | NAP | 6/30/2022 | NAP | 7/18/2022 | NAP | NAP |
10.03 | Property | | 1 | Walgreens - Rock Falls | NAP | NAP | NAP | NAP | 6/22/2022 | NAP | 6/22/2022 | NAP | NAP |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | NAP | NAP | NAP | NAP | 8/1/2022 | NAP | 8/2/2022 | NAP | NAP |
10.05 | Property | | 1 | Walgreens - Wyncote | NAP | NAP | NAP | NAP | 7/13/2022 | NAP | 6/29/2022 | NAP | NAP |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | NAP | NAP | NAP | NAP | 7/8/2022 | NAP | 7/6/2022 | NAP | NAP |
10.07 | Property | | 1 | Huntington Bank - Canton | NAP | NAP | NAP | NAP | 6/6/2022 | NAP | 6/7/2022 | NAP | NAP |
10.08 | Property | | 1 | Dollar Tree - Herrin | NAP | NAP | NAP | NAP | 5/19/2022 | NAP | 5/19/2022 | NAP | NAP |
10.09 | Property | | 1 | Dollar General - Diamond | NAP | NAP | NAP | NAP | 6/7/2022 | NAP | 6/16/2022 | NAP | NAP |
10.1 | Property | | 1 | Dollar Tree - Chicago | NAP | NAP | NAP | NAP | 7/28/2022 | NAP | 8/1/2022 | NAP | NAP |
10.11 | Property | | 1 | Dollar General - Ocala | NAP | NAP | NAP | NAP | 8/2/2022 | NAP | 8/9/2022 | NAP | NAP |
10.12 | Property | | 1 | Dollar Tree - Harrah | NAP | NAP | NAP | NAP | 7/15/2022 | NAP | 7/14/2022 | NAP | NAP |
10.13 | Property | | 1 | Dollar Tree - De Soto | NAP | NAP | NAP | NAP | 5/2/2022 | NAP | 5/10/2022 | NAP | NAP |
10.14 | Property | | 1 | Dollar General - Butler | NAP | NAP | NAP | NAP | 6/3/2022 | NAP | 6/3/2022 | NAP | NAP |
10.15 | Property | | 1 | Family Dollar - Fort Worth | NAP | NAP | NAP | NAP | 5/2/2022 | NAP | 5/2/2022 | NAP | NAP |
10.16 | Property | | 1 | Dollar Tree - Cowpens | NAP | NAP | NAP | NAP | 7/20/2022 | NAP | 8/1/2022 | NAP | NAP |
10.17 | Property | | 1 | Dollar Tree - Fairfield | NAP | NAP | NAP | NAP | 7/28/2022 | NAP | 7/28/2022 | NAP | NAP |
10.18 | Property | | 1 | Dollar Tree - Roanoke | NAP | NAP | NAP | NAP | 7/6/2022 | NAP | 7/14/2022 | NAP | NAP |
10.19 | Property | | 1 | Family Dollar - Jacksonville | NAP | NAP | NAP | NAP | 6/16/2022 | NAP | 6/16/2022 | NAP | NAP |
10.2 | Property | | 1 | Dollar Tree - San Elizario | NAP | NAP | NAP | NAP | 4/25/2022 | NAP | 4/25/2022 | NAP | NAP |
10.21 | Property | | 1 | Dollar General - Topeka | NAP | NAP | NAP | NAP | 5/17/2022 | NAP | 5/17/2022 | NAP | NAP |
10.22 | Property | | 1 | Family Dollar - Warren | NAP | NAP | NAP | NAP | 7/1/2022 | NAP | 7/7/2022 | NAP | NAP |
10.23 | Property | | 1 | Dollar General - Pembroke | NAP | NAP | NAP | NAP | 5/18/2022 | NAP | 5/18/2022 | NAP | NAP |
10.24 | Property | | 1 | Dollar General - Mount Airy | NAP | NAP | NAP | NAP | 5/2/2022 | NAP | 5/2/2022 | NAP | NAP |
10.25 | Property | | 1 | Family Dollar - East Canton | NAP | NAP | NAP | NAP | 5/3/2022 | NAP | 6/23/2022 | NAP | NAP |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | Microsoft Corporation | 43,795 | 3.2% | 7/31/2025 | 5/27/2022 | NAP | 5/27/2022 | NAP | NAP |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | Dave & Buster's | 53,077 | 4.0% | 5/31/2026 | 9/13/2022 | NAP | 9/13/2022 | NAP | NAP |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | NAP | NAP | NAP | NAP | 4/5/2022 | NAP | 4/4/2022 | NAP | NAP |
14 | Loan | | 1 | Graham Capital HQ | NAP | NAP | NAP | NAP | 5/24/2022 | NAP | 5/23/2022 | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | NAP | NAP | NAP | 3/15/2022 | NAP | 3/15/2022 | NAP | NAP |
16 | Loan | | 1 | Gateway Hanover | PetSmart | 12,176 | 6.3% | 1/31/2027 | 8/4/2022 | NAP | 8/4/2022 | NAP | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | | | | | | | | | |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | NAP | NAP | NAP | NAP | 5/9/2022 | NAP | 5/9/2022 | NAP | NAP |
17.02 | Property | | 1 | Beachside Gulf Shores | NAP | NAP | NAP | NAP | 7/15/2022 | NAP | 5/9/2022 | NAP | NAP |
17.03 | Property | | 1 | Home2Suites Mobile | NAP | NAP | NAP | NAP | 6/3/2022 | NAP | 6/3/2022 | NAP | NAP |
17.04 | Property | | 1 | Home2Suites Daphne | NAP | NAP | NAP | NAP | 6/3/2022 | NAP | 6/3/2022 | NAP | NAP |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | NAP | NAP | NAP | NAP | 5/9/2022 | NAP | 5/9/2022 | NAP | NAP |
17.06 | Property | | 1 | Gulf Shores Motel 6 | NAP | NAP | NAP | NAP | 5/9/2022 | NAP | 5/9/2022 | NAP | NAP |
17.07 | Property | | 1 | Red Roof Pensacola | NAP | NAP | NAP | NAP | 7/15/2022 | NAP | 7/15/2022 | NAP | NAP |
17.08 | Property | | 1 | Quality Inn Gulf Shores | NAP | NAP | NAP | NAP | 5/9/2022 | NAP | 5/9/2022 | NAP | NAP |
17.09 | Property | | 1 | Red Roof Gulf Shores | NAP | NAP | NAP | NAP | 7/15/2022 | NAP | 5/9/2022 | NAP | NAP |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | International Flavors & Fragrances, L.P. | 60,104 | 4.4% | 9/30/2033 | 2/14/2022 | NAP | 2/14/2022 | NAP | NAP |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | Pulte Home Company, LLC | 21,411 | 2.9% | 9/30/2027 | 4/1/2022 | NAP | 4/19/2022 | NAP | NAP |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | | | | | | | | | |
20.01 | Property | | 1 | 1 Hanover Square | NAP | NAP | NAP | NAP | 5/11/2022 | NAP | 5/11/2022 | NAP | NAP |
20.02 | Property | | 1 | 54 Stone Street | NAP | NAP | NAP | NAP | 5/11/2022 | NAP | 5/11/2022 | NAP | NAP |
20.03 | Property | | 1 | 30 Water Street | NAP | NAP | NAP | NAP | 5/11/2022 | NAP | 5/11/2022 | NAP | NAP |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | Panda Express | 2,414 | 2.7% | 7/31/2026 | 5/11/2022 | NAP | 5/11/2022 | NAP | NAP |
22 | Loan | 93 | 1 | Peery Hotel | NAP | NAP | NAP | NAP | 7/25/2022 | NAP | 7/25/2022 | 7/25/2022 | 25% |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | NAP | NAP | NAP | 8/8/2022 | NAP | 8/8/2022 | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | | | | | | | | | |
24.01 | Property | | 1 | 1468 West Hospital Road | NAP | NAP | NAP | NAP | 3/1/2022 | NAP | 5/25/2022 | NAP | NAP |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | NAP | NAP | NAP | NAP | 3/1/2022 | NAP | 5/25/2022 | NAP | NAP |
24.03 | Property | | 1 | 2531 Jewett Lane | NAP | NAP | NAP | NAP | 3/1/2022 | NAP | 5/25/2022 | NAP | NAP |
24.04 | Property | | 1 | 4086 Michigan Avenue | NAP | NAP | NAP | NAP | 3/1/2022 | NAP | 5/25/2022 | NAP | NAP |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 5901 Nexus, LLC | 2,236 | 6.8% | 11/30/2026 | 5/10/2022 | NAP | 5/13/2022 | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) |
| | | | | | | | 6 | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | NAP | NAP | NAP | 8/26/2022 | NAP | 8/26/2022 | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | NAP | NAP | NAP | 6/20/2022 | NAP | 8/30/2022 | NAP | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | RedRover Company Memphis | 5,673 | 3.2% | 11/30/2028 | 6/23/2022 | NAP | 6/22/2022 | 6/24/2022 | 13% |
29 | Loan | | 2 | South Loop & Bloomingdale | | | | | | | | | |
29.01 | Property | | 1 | South Loop Retail | NAP | NAP | NAP | NAP | 7/22/2022 | NAP | 7/22/2022 | NAP | NAP |
29.02 | Property | | 1 | Bloomingdale Retail | NAP | NAP | NAP | NAP | 7/22/2022 | NAP | 7/22/2022 | NAP | NAP |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | | | | | | | | | |
30.01 | Property | | 1 | Pavilions Shopping Center | DBI, Inc. (Schoops burger) | 2,968 | 3.9% | 12/31/2029 | 6/3/2022 | NAP | 6/1/2022 | NAP | NAP |
30.02 | Property | | 1 | 37th Ave Shopping Center | FSSA Family Services | 6,670 | 5.1% | 7/30/2025 | 5/26/2022 | NAP | 5/26/2022 | NAP | NAP |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | Ted's Hot Dogs | 5,432 | 3.3% | 10/31/2027 | 6/7/2022 | NAP | 6/7/2022 | NAP | NAP |
32 | Loan | 113 | 1 | Elyria Industrial | Brian K. Schmidt | 3,200 | 0.5% | 7/31/2023 | 7/7/2022 | NAP | 6/7/2022 | NAP | NAP |
33 | Loan | | 1 | 850 Technology Way | NAP | NAP | NAP | NAP | 6/30/2022 | NAP | 6/29/2022 | NAP | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | NAP | NAP | NAP | NAP | 5/10/2022 | NAP | 5/10/2022 | NAP | NAP |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP | NAP | 7/8/2022 | NAP | 7/5/2022 | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | | | | | | | | | |
36.01 | Property | | 1 | Abe's Storage - Holly | NAP | NAP | NAP | NAP | 7/22/2022 | NAP | 7/21/2022 | NAP | NAP |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | NAP | NAP | NAP | NAP | 7/21/2022 | NAP | 7/21/2022 | NAP | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | NAP | NAP | NAP | 8/25/2022 | NAP | 8/25/2022 | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | NAP | NAP | NAP | 6/30/2022 | NAP | 6/30/2022 | NAP | NAP |
39 | Loan | | 1 | North Creek Business Center | Hearts2Heal CNA & CPR Training LLC | 2,102 | 5.5% | 6/30/2027 | 5/19/2022 | NAP | 5/11/2022 | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Upfront Insurance Reserve ($) |
| | | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | No | Fee | NAP | NAP | NAP | NAP | 919,476 | 459,738 | 0 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | | | | | | | 0 | Springing | 0 |
3.01 | Property | | 1 | Eagle Springs | No | Fee | NAP | NAP | NAP | NAP | | | |
3.02 | Property | | 1 | Danville | No | Fee | NAP | NAP | NAP | NAP | | | |
3.03 | Property | | 1 | Blythewood | No | Fee | NAP | NAP | NAP | NAP | | | |
3.04 | Property | | 1 | Menasha | No | Fee | NAP | NAP | NAP | NAP | | | |
3.05 | Property | | 1 | Tremonton | No | Fee | NAP | NAP | NAP | NAP | | | |
3.06 | Property | | 1 | Carbondale | No | Fee | NAP | NAP | NAP | NAP | | | |
3.07 | Property | | 1 | Marysville | No | Fee | NAP | NAP | NAP | NAP | | | |
3.08 | Property | | 1 | Midland | No | Fee | NAP | NAP | NAP | NAP | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | No | Fee | NAP | NAP | NAP | NAP | 1,381,312 | 115,109 | 0 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | No | Fee | NAP | NAP | NAP | NAP | 1,080,225 | 270,056 | 0 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | Yes - AE | Fee | NAP | NAP | NAP | NAP | 1,557,182 | 141,562 | 0 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | | | | | | | 113,152 | 19,961 | 0 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | Yes - AE | Fee | NAP | NAP | NAP | NAP | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | Yes - A | Fee | NAP | NAP | NAP | NAP | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | No | Fee | NAP | NAP | NAP | NAP | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | No | Fee | NAP | NAP | NAP | NAP | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | Yes - AE | Fee | NAP | NAP | NAP | NAP | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | | | | | | | 271,342 | 54,268 | 0 |
10.01 | Property | | 1 | Aldi - Tulsa | No | Fee | NAP | NAP | NAP | NAP | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | No | Fee | NAP | NAP | NAP | NAP | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | No | Fee | NAP | NAP | NAP | NAP | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | No | Fee | NAP | NAP | NAP | NAP | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | No | Fee | NAP | NAP | NAP | NAP | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | No | Fee | NAP | NAP | NAP | NAP | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | No | Fee | NAP | NAP | NAP | NAP | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | Yes - AE | Fee | NAP | NAP | NAP | NAP | | | |
10.09 | Property | | 1 | Dollar General - Diamond | No | Fee | NAP | NAP | NAP | NAP | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | No | Fee | NAP | NAP | NAP | NAP | | | |
10.11 | Property | | 1 | Dollar General - Ocala | Yes - A | Fee | NAP | NAP | NAP | NAP | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | No | Fee | NAP | NAP | NAP | NAP | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | No | Fee | NAP | NAP | NAP | NAP | | | |
10.14 | Property | | 1 | Dollar General - Butler | No | Fee | NAP | NAP | NAP | NAP | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | No | Fee | NAP | NAP | NAP | NAP | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | No | Fee | NAP | NAP | NAP | NAP | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | No | Fee | NAP | NAP | NAP | NAP | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | No | Fee | NAP | NAP | NAP | NAP | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | No | Fee | NAP | NAP | NAP | NAP | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | No | Fee | NAP | NAP | NAP | NAP | | | |
10.21 | Property | | 1 | Dollar General - Topeka | No | Fee | NAP | NAP | NAP | NAP | | | |
10.22 | Property | | 1 | Family Dollar - Warren | No | Fee | NAP | NAP | NAP | NAP | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | No | Fee | NAP | NAP | NAP | NAP | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | No | Fee | NAP | NAP | NAP | NAP | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | No | Fee | NAP | NAP | NAP | NAP | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | No | Fee | NAP | NAP | NAP | NAP | 3,926,163 | 560,880 | 0 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | No | Fee | NAP | NAP | NAP | NAP | 342,608 | 42,317 | 10,782 |
14 | Loan | | 1 | Graham Capital HQ | No | Fee | NAP | NAP | NAP | NAP | 134,576 | 33,644 | 7,684 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | Yes - AE | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
16 | Loan | | 1 | Gateway Hanover | No | Fee | NAP | NAP | NAP | NAP | 37,661 | 37,661 | 0 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | | | | | | | 524,996 | 74,999 | 823,127 |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | Yes - AE | Fee | NAP | NAP | NAP | NAP | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | Yes - AE | Fee | NAP | NAP | NAP | NAP | | | |
17.03 | Property | | 1 | Home2Suites Mobile | No | Fee | NAP | NAP | NAP | NAP | | | |
17.04 | Property | | 1 | Home2Suites Daphne | No | Fee | NAP | NAP | NAP | NAP | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | No | Fee | NAP | NAP | NAP | NAP | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | No | Fee | NAP | NAP | NAP | NAP | | | |
17.07 | Property | | 1 | Red Roof Pensacola | No | Fee | NAP | NAP | NAP | NAP | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | No | Fee | NAP | NAP | NAP | NAP | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | No | Fee | NAP | NAP | NAP | NAP | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | No | Fee | NAP | NAP | NAP | NAP | 617,834 | 308,917 | 0 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | No | Fee | NAP | NAP | NAP | NAP | 685,659 | 114,277 | 0 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | | | | | | | 86,973 | 29,156 | 0 |
20.01 | Property | | 1 | 1 Hanover Square | No | Fee | NAP | NAP | NAP | NAP | | | |
20.02 | Property | | 1 | 54 Stone Street | No | Fee | NAP | NAP | NAP | NAP | | | |
20.03 | Property | | 1 | 30 Water Street | Yes - AE | Fee | NAP | NAP | NAP | NAP | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
22 | Loan | 93 | 1 | Peery Hotel | No | Fee | NAP | NAP | NAP | NAP | 76,082 | 6,917 | 43,803 |
23 | Loan | 94, 95 | 1 | Bloomington IRS | No | Fee | NAP | NAP | NAP | NAP | 0 | 12,893 | 0 |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | | | | | | | 0 | Springing | 0 |
24.01 | Property | | 1 | 1468 West Hospital Road | No | Fee | NAP | NAP | NAP | NAP | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | No | Fee | NAP | NAP | NAP | NAP | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | No | Fee | NAP | NAP | NAP | NAP | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | No | Fee | NAP | NAP | NAP | NAP | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | No | Fee | NAP | NAP | NAP | NAP | 91,814 | 13,116 | 0 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Upfront Insurance Reserve ($) |
| | | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | No | Leasehold | 12/31/2042 | 3, 5-year extension options | 943,800 | Yes | 0 | Springing | 0 |
27 | Loan | 99 | 1 | Residence Inn Florence | No | Fee | NAP | NAP | NAP | NAP | 90,186 | 8,199 | 0 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | No | Fee | NAP | NAP | NAP | NAP | 216,742 | 27,093 | 0 |
29 | Loan | | 2 | South Loop & Bloomingdale | | | | | | | 99,447 | 24,862 | 8,150 |
29.01 | Property | | 1 | South Loop Retail | No | Fee | NAP | NAP | NAP | NAP | | | |
29.02 | Property | | 1 | Bloomingdale Retail | No | Fee | NAP | NAP | NAP | NAP | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | | | | | | | 0 | 32,561 | 13,821 |
30.01 | Property | | 1 | Pavilions Shopping Center | No | Fee | NAP | NAP | NAP | NAP | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | No | Fee | NAP | NAP | NAP | NAP | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | No | Fee | NAP | NAP | NAP | NAP | 71,103 | 12,290 | 0 |
32 | Loan | 113 | 1 | Elyria Industrial | No | Fee | NAP | NAP | NAP | NAP | 41,116 | 13,705 | 0 |
33 | Loan | | 1 | 850 Technology Way | No | Fee | NAP | NAP | NAP | NAP | 43,631 | 14,544 | 0 |
34 | Loan | 9, 114 | 1 | Riverport Tower | No | Fee | NAP | NAP | NAP | NAP | 769,173 | 96,147 | 17,070 |
35 | Loan | | 1 | CollegePlace Clemson | No | Fee | NAP | NAP | NAP | NAP | 94,456 | 10,495 | 6,227 |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | | | | | | | 11,184 | 5,592 | 0 |
36.01 | Property | | 1 | Abe's Storage - Holly | No | Fee | NAP | NAP | NAP | NAP | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | No | Fee | NAP | NAP | NAP | NAP | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | No | Fee | NAP | NAP | NAP | NAP | 81,727 | 9,081 | 0 |
39 | Loan | | 1 | North Creek Business Center | No | Fee | NAP | NAP | NAP | NAP | 35,510 | 8,878 | 1,896 |
Benchmark 2022-B37 Annex A-1
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 ($) | Upfront Debt Service Reserve ($) |
| | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | Springing | 850,000 | 0 | 0 | 0 | 0 | 0 | 0 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
3.01 | Property | | 1 | Eagle Springs | | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | Springing | 0 | 4,487 | 100,000 | 0 | 22,436 | 1,346,165 | 0 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | Springing | 0 | 6,494 | 0 | 1,000,000 | 48,703 | 0 | 0 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 9,463 | 86,373 | 5,116 | 0 | 0 | 0 | 0 | 0 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | Springing | 0 | 46,008 | 1,104,183 | 0 | 98,487 | 2,363,678 | 0 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | Springing | 0 | Springing | 177,623 | 0 | 59,208 | 2,841,960 | 0 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | Springing | 0 | Springing | 0 | 500,000 | Springing | 0 | 0 |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | Springing | 28,230 | 28,230 | 677,530 | 1,500,000 | 169,541 | 4,000,000 | 0 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | Springing | 0 | Springing | 0 | 0 | 109,888 | 2,637,302 | 0 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 3,594 | 0 | 2,542 | 0 | 1,000,000 | Springing | 1,000,000 | 0 |
14 | Loan | | 1 | Graham Capital HQ | 7,684 | 0 | 4,599 | 0 | 0 | Springing | 0 | 0 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | Springing | 4,434,638 | Springing | 0 | 0 | 0 | 0 | 0 |
16 | Loan | | 1 | Gateway Hanover | Springing | 0 | 4,659 | 0 | 0 | 12,109 | 600,000 | 0 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 137,188 | 139,871 | 139,871 | 0 | 0 | 0 | 0 | 0 |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | Springing | 0 | 24,583 | 0 | 8,500,000 | Springing | 8,500,000 | 0 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | Springing | 0 | 12,236 | 0 | 5,000,000 | 107,064 | 8,000,000 | 0 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | Springing | 0 | 498 | 17,937 | 0 | 1,246 | 44,843 | 0 |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | Springing | 0 | 2,087 | 75,000 | 0 | 9,333 | 700,000 | 0 |
22 | Loan | 93 | 1 | Peery Hotel | 7,301 | 0 | 4% of Gross Revenue | 0 | 0 | 0 | 0 | 0 |
23 | Loan | 94, 95 | 1 | Bloomington IRS | Springing | 0 | 2,628 | 0 | 0 | 8,212 | 0 | 0 |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | Springing | 0 | 552 | 0 | 200,000 | 2,759 | 500,000 | 0 |
Benchmark 2022-B37 Annex A-1
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 ($) | Upfront Debt Service Reserve ($) |
| | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
27 | Loan | 99 | 1 | Residence Inn Florence | Springing | 0 | 12,254 | 0 | 0 | 0 | 0 | 0 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | Springing | 0 | 4,577 | 0 | 1,000,000 | 14,558 | 0 | 0 |
29 | Loan | | 2 | South Loop & Bloomingdale | 2,717 | 47,135 | 548 | 0 | 0 | 2,926 | 0 | 0 |
29.01 | Property | | 1 | South Loop Retail | | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 6,910 | 0 | 3,223 | 0 | 0 | 15,447 | $557,175 so long as DSCR is not less than 1.25x | 0 |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | Springing | 0 | 2,723 | 0 | 100,000 | 13,617 | $817,040 so long as DSCR is not less than 1.50x | 0 |
32 | Loan | 113 | 1 | Elyria Industrial | Springing | 0 | 5,150 | 0 | 400,000 | Springing | 400,000 | 0 |
33 | Loan | | 1 | 850 Technology Way | Springing | 0 | 782 | 28,145 | 0 | 9,775 | 0 | 0 |
34 | Loan | 9, 114 | 1 | Riverport Tower | 8,535 | 0 | 12,672 | 0 | 0 | 39,064 | 3,125,130 | 0 |
35 | Loan | | 1 | CollegePlace Clemson | 3,114 | 0 | 1,200 | 0 | 0 | 0 | 0 | 100,000 |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | Springing | 0 | 777 | 0 | 0 | 0 | 0 | 0 |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | Springing | 0 | Springing | 0 | 150,000 | Springing | 0 | 0 |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | Springing | 0 | 9,617 | 0 | 0 | 0 | 0 | 198,057 |
39 | Loan | | 1 | North Creek Business Center | 632 | 250,000 | 950 | 0 | 50,000 | 3,168 | 500,000 | 0 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) |
| | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 0 | 0 | 0 | 12,778,500 | Springing | Unit Upgrade Reserve (Upfront: $7,858,500), Supplemental Income Reserve (Upfront: $4,920,000; Monthly: Springing) | 0 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 0 | 0 | 0 | 9,800,000 | 466,667 | Ground Lease Reserve | 0 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
3.01 | Property | | 1 | Eagle Springs | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 0 | 0 | 24,640 | 670,000 | Springing | Seasonality Reserve (Upfront: $670,000; Monthly: Springing); PIP Reserve (Springing) | 0 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 0 | 0 | 0 | 0 | Springing | Specified Tenant Reserve | 11,800,000 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 0 | 0 | 0 | 857,573 | 0 | Unfunded Obligations Reserve ($622,047), Gap Rent Reserve ($235,526) | 0 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 0 | 0 | 0 | 1,013,945 | 0 | Outstanding TI/LC Reserve | 0 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 0 | 0 | 181,242 | 47,794 | 0 | Unfunded Obligations Reserve | 0 |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 0 | 0 | 0 | 3,851,373 | Springing | Outstanding TI/LC Reserve (Upfront: $3,851,373.43), Meridian/Rocket Reserve (Monthly: Springing) | 0 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 0 | 0 | 0 | 835,000 | 0 | Outstanding TI/LC Reserve | 0 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
14 | Loan | | 1 | Graham Capital HQ | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
16 | Loan | | 1 | Gateway Hanover | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 0 | 0 | 96,612 | 2,264,688 | Springing | Seasonality Reserve (Upfront: $850,000, Monthly: Springing), PIP Reserve (Upfront: $1,164,688), Beachside Improvements Reserve (Upfront: $250,000) | Seasonality Reserve ($850,000) |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 0 | 0 | 0 | 6,778,984 | Springing | Outstanding Obligations Reserve (Upfront: $6,778,984), Put Price Reserve (Monthly: Springing) | 0 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 0 | 0 | 14,625 | 406,814 | 0 | Gap Rent Reserve | 0 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
22 | Loan | 93 | 1 | Peery Hotel | 0 | 0 | 16,500 | 0 | Springing | PIP Reserve (Springing); Custodial Funds and Hotel Tax Reserve (Monthly: Springing); Refundable Advance Payments Reserve(Monthly: Springing) | 0 |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 0 | 0 | 77,880 | 0 | 0 | NAP | 0 |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 0 | 0 | 0 | 14,601 | 0 | Free Rent Reserve | 0 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) |
| | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 0 | 0 | 0 | 0 | Springing | Ground Rent Reserve | 0 |
27 | Loan | 99 | 1 | Residence Inn Florence | 0 | 0 | 0 | 528,983 | 0 | PIP Reserve | 0 |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
29 | Loan | | 2 | South Loop & Bloomingdale | 0 | 0 | 7,500 | 240,000 | 0 | Unfunded Obligations Reserve | 0 |
29.01 | Property | | 1 | South Loop Retail | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 0 | 0 | 77,530 | 0 | 0 | NAP | 0 |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 0 | 0 | 18,660 | 0 | 0 | NAP | 0 |
32 | Loan | 113 | 1 | Elyria Industrial | 0 | 0 | 51,480 | 0 | Springing | Critical Tenant Reserve | 0 |
33 | Loan | | 1 | 850 Technology Way | 0 | 0 | 0 | 9,435 | 0 | Unfunded Obligations Reserve | 0 |
34 | Loan | 9, 114 | 1 | Riverport Tower | 0 | 0 | 0 | 5,457,630 | 0 | Unfunded Obligations Reserve | 0 |
35 | Loan | | 1 | CollegePlace Clemson | 0 | 0 | 7,500 | 0 | 0 | NAP | 0 |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 0 | 0 | 65,375 | 0 | 0 | NAP | 0 |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | 0 | 0 | 0 | 0 | 0 | NAP | 0 |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 0 | 0 | 0 | 2,263,880 | 0 | PIP Reserve | 0 |
39 | Loan | | 1 | North Creek Business Center | 0 | 0 | 26,031 | 0 | 0 | NAP | 0 |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | 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 ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 0 | NAP | Soft (Residential); Hard (Commercial) | In Place | Yes | No | Yes | No | 62,500,000 | 125,000,000 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 0 | NAP | Hard | In Place | No | Yes | Yes | Yes | 60,000,000 | 40,000,000 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 60,000,000 | 43,000,000 |
3.01 | Property | | 1 | Eagle Springs | | | | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 0 | NAP | Hard | In Place | Yes | No | Yes | Yes | 50,000,000 | 25,000,000 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 49,000,000 | 49,000,000 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 43,000,000 | 30,000,000 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 38,924,908 | 90,824,785 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 31,950,000 | 39,050,000 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 30,000,000 | 188,000,000 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 25,000,000 | 210,000,000 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP |
14 | Loan | | 1 | Graham Capital HQ | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP | NAP |
16 | Loan | | 1 | Gateway Hanover | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 0 | NAP | Springing | Springing | Yes | No | Yes | No | 15,750,000 | 47,250,000 |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 15,000,000 | 195,000,000 |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 13,940,336 | 20,213,487 |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP |
22 | Loan | 93 | 1 | Peery Hotel | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) |
| | | | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | 0 | NAP | Hard | Springing | No | No | No | NAP | NAP | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
29 | Loan | | 2 | South Loop & Bloomingdale | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP |
29.01 | Property | | 1 | South Loop Retail | | | | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP |
32 | Loan | 113 | 1 | Elyria Industrial | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
33 | Loan | | 1 | 850 Technology Way | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 6,600,000 | 15,000,000 |
35 | Loan | | 1 | CollegePlace Clemson | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP |
39 | Loan | | 1 | North Creek Business Center | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | 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($) |
| | | | | | | | | | | | 4 | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 491,102.43 | 736,653.65 | 177,500,000 | 4.65000% | 365,000,000 | 1,434,019.10 | 63.5% | 1.34 | 6.3% | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 153,773.15 | 384,432.87 | NAP | NAP | 100,000,000 | 384,432.87 | 38.6% | 3.41 | 15.8% | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 229,975.35 | 550,871.18 | NAP | NAP | 103,000,000 | 550,871.18 | 52.3% | 1.64 | 11.1% | NAP |
3.01 | Property | | 1 | Eagle Springs | | | | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 164,117.46 | 492,352.38 | NAP | NAP | 75,000,000 | 492,352.38 | 45.7% | 2.22 | 20.4% | 17,000,000 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 249,644.79 | 499,289.58 | NAP | NAP | 98,000,000 | 499,289.58 | 52.4% | 1.41 | 9.4% | NAP |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 144,986.11 | 352,799.54 | NAP | NAP | 73,000,000 | 352,799.54 | 59.4% | 1.60 | 10.2% | NAP |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 532,034.46 | 760,049.23 | NAP | NAP | 129,749,693 | 760,049.23 | 33.0% | 2.91 | 21.8% | NAP |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 206,259.70 | 375,017.64 | NAP | NAP | 71,000,000 | 375,017.64 | 58.5% | 1.90 | 13.1% | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 956,232.41 | 1,108,822.69 | NAP | NAP | 218,000,000 | 1,108,822.69 | 60.1% | 1.74 | 11.5% | NAP |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 1,333,978.90 | 1,492,785.91 | NAP | NAP | 235,000,000 | 1,492,785.91 | 39.8% | 2.02 | 16.0% | NAP |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | | 1 | Graham Capital HQ | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | | 1 | Gateway Hanover | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 285,143.33 | 380,191.11 | NAP | NAP | 63,000,000 | 380,191.11 | 46.9% | 2.06 | 16.4% | NAP |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | 841,907.99 | 906,670.14 | NAP | NAP | 210,000,000 | 906,670.14 | 62.6% | 1.68 | 9.4% | NAP |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | 112,979.10 | 190,895.72 | NAP | NAP | 34,153,823 | 190,895.72 | 57.4% | 1.73 | 13.0% | NAP |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 93 | 1 | Peery Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | 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($) |
| | | | | | | | | | | | 4 | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | | 2 | South Loop & Bloomingdale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | | 1 | South Loop Retail | | | | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 113 | 1 | Elyria Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | | 1 | 850 Technology Way | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | 73,823.78 | 106,306.25 | NAP | NAP | 21,600,000 | 106,306.25 | 58.2% | 2.12 | 14.7% | NAP |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | | 1 | North Creek Business Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) |
| | | | | | | | | 4 | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | NAP | NAP | NAP | NAP | NAP | No |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | NAP | NAP | NAP | NAP | NAP | No |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
3.01 | Property | | 1 | Eagle Springs | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 8.61764705882353% | 92,000,000 | 616,131.32 | 56.1% | 1.77 | 16.6% | No |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | NAP | NAP | NAP | NAP | NAP | NAP | No |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | NAP | NAP | NAP | NAP | NAP | NAP | No |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | NAP | NAP | NAP | NAP | NAP | NAP | No |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | NAP | NAP | NAP | NAP | NAP | NAP | No |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | NAP | NAP | NAP | NAP | NAP | NAP | No |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | NAP | NAP | NAP | NAP | NAP | NAP | No |
14 | Loan | | 1 | Graham Capital HQ | NAP | NAP | NAP | NAP | NAP | NAP | No |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
16 | Loan | | 1 | Gateway Hanover | NAP | NAP | NAP | NAP | NAP | NAP | No |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | NAP | NAP | NAP | NAP | NAP | NAP | No |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | NAP | NAP | NAP | NAP | NAP | NAP | No |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
22 | Loan | 93 | 1 | Peery Hotel | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | NAP | NAP | NAP | NAP | NAP | No |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | NAP | NAP | NAP | NAP | NAP | NAP | No |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) |
| | | | | | | | | 4 | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | NAP | NAP | NAP | NAP | NAP | No |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | NAP | NAP | NAP | NAP | NAP | NAP | No |
29 | Loan | | 2 | South Loop & Bloomingdale | NAP | NAP | NAP | NAP | NAP | NAP | No |
29.01 | Property | | 1 | South Loop Retail | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | NAP | NAP | NAP | NAP | NAP | NAP | No |
32 | Loan | 113 | 1 | Elyria Industrial | NAP | NAP | NAP | NAP | NAP | NAP | No |
33 | Loan | | 1 | 850 Technology Way | NAP | NAP | NAP | NAP | NAP | NAP | No |
34 | Loan | 9, 114 | 1 | Riverport Tower | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP | NAP | NAP | NAP | No |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | NAP | NAP | NAP | NAP | NAP | No |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | NAP | NAP | NAP | NAP | NAP | No |
39 | Loan | | 1 | North Creek Business Center | NAP | NAP | NAP | NAP | NAP | NAP | No |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor |
| | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | Meyer Chetrit and Amended and Restated 2013 LG Revocable Trust |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | Stephen D. Haymes, Evan A. Haymes, The Stephen D. Haymes Revocable Trust Dated October 8, 2014, As Amended and Restated April 26, 2019 and/or Rex 34th Associates II |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | Mezzanine (Max Combined LTV of 56.5%; Min Combined DSCR of 1.66x; Min Combined Debt Yield of 10.51%; Intercreditor Agreement is required) | AG Net Lease IV Corp., AG Net Lease IV (Q) Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P. |
3.01 | Property | | 1 | Eagle Springs | | |
3.02 | Property | | 1 | Danville | | |
3.03 | Property | | 1 | Blythewood | | |
3.04 | Property | | 1 | Menasha | | |
3.05 | Property | | 1 | Tremonton | | |
3.06 | Property | | 1 | Carbondale | | |
3.07 | Property | | 1 | Marysville | | |
3.08 | Property | | 1 | Midland | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | NAP | Westplace Modesto Investors, LLC |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | NAP | Martin Meyer |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | NAP | Jeffrey J. Feil and Abraham (Axel) Stawski |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | NAP | George Thacker, Lawrence Charles Kaplan and Richard Schontz |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | NAP | Simon Property Group, L.P., The KanAm Group |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | NAP | Simon Property Group, L.P. and Tanger Properties Limited Partnership |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | NAP | ExchangeRight Real Estate, LLC, David Fisher, Joshua Ungerecht and Warren Thomas |
10.01 | Property | | 1 | Aldi - Tulsa | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | |
10.09 | Property | | 1 | Dollar General - Diamond | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | |
10.11 | Property | | 1 | Dollar General - Ocala | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | |
10.14 | Property | | 1 | Dollar General - Butler | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | |
10.21 | Property | | 1 | Dollar General - Topeka | | |
10.22 | Property | | 1 | Family Dollar - Warren | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | Unsecured | Bedrock Detroit |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | NAP | Simon Property Group, L.P. and The KanAm Group |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | NAP | John R. Yurtchuk |
14 | Loan | | 1 | Graham Capital HQ | NAP | Kenneth G. Tropin |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | Unsecured (Max Principal of $2,500,000 upon the completion of the capital expenditures associated with the 2024/2025 Room and Public Space Renovations) | JWM Family Enterprises, L.P. |
16 | Loan | | 1 | Gateway Hanover | NAP | Donald F. Cafiero |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | NAP | Virendra Patel |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | |
17.03 | Property | | 1 | Home2Suites Mobile | | |
17.04 | Property | | 1 | Home2Suites Daphne | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | |
17.07 | Property | | 1 | Red Roof Pensacola | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | NAP | Ralph Zucker and Jozef Straus |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | NAP | Olymbec USA LLC |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | NAP | Lisa Poulakakos and Harry Poulakakos, as Trustees of the Poulakakos Family 2016 GST Exempt Trust, Peter Poulakakos, as Trustee of the 2011 Poulakakos Family Trust and PF Forge, LLC |
20.01 | Property | | 1 | 1 Hanover Square | | |
20.02 | Property | | 1 | 54 Stone Street | | |
20.03 | Property | | 1 | 30 Water Street | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | Preferred Equity | E. Stanley Kroenke and Michael H. Staenberg |
22 | Loan | 93 | 1 | Peery Hotel | Mezzanine (Max Combined LTV of 60.0%; Min Combined DSCR of 1.45x; Min Combined DY of 12.0%; Intercreditor Agreement is required) | Daniel A. Norville |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | Michael C. Huntress |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | NAP | Edward V. LaPuma, Bryan York Colwell |
24.01 | Property | | 1 | 1468 West Hospital Road | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | NAP | Robert Oppenheim, Allan Serviansky and Daniel Warman |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor |
| | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | Related Special Assets LLC |
27 | Loan | 99 | 1 | Residence Inn Florence | NAP | Koteswara Rao Yedla, Satya N. Yedla and Srinath R. Yedla |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | NAP | Hertz Group Realty Operating Partnership, LP |
29 | Loan | | 2 | South Loop & Bloomingdale | NAP | Terry A. Davis and Davis Family Trust |
29.01 | Property | | 1 | South Loop Retail | | |
29.02 | Property | | 1 | Bloomingdale Retail | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | NAP | Daniel Benzvi, Ivan Bein, Hugo Romay and/or Ashley Cicero |
30.01 | Property | | 1 | Pavilions Shopping Center | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | NAP | Michael C. Huntress |
32 | Loan | 113 | 1 | Elyria Industrial | NAP | Kenneth Sheer |
33 | Loan | | 1 | 850 Technology Way | NAP | M.J. Goodman Living Trust, dated March 31, 2001, Cristal Family, LLC, Sherman Capital, LLC, Fortbridge Realty, LLC, KB LECAP LTD., Mark Siegel, David A. Kornbluth and Kenneth Marblestone |
34 | Loan | 9, 114 | 1 | Riverport Tower | Mezzanine (Permitted to Successor Borrower upon a sale and assumption; Max Combined LTV of 59.8%; Min Combined DSCR of 1.86x; Min Combined Debt Yield of 12.93%; Intercreditor Agreement is required) | Estein Holdings, Ltd. |
35 | Loan | | 1 | CollegePlace Clemson | NAP | Mark Gilley, David Gilley and Adam Gilley |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | NAP | Lawrence Charles Kaplan, Richard Schontz and George Thacker |
36.01 | Property | | 1 | Abe's Storage - Holly | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | Vault Partners LLC |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | NAP | Rajesh Kumar Champaneri, Naresh Champaneri, Ajaykumar Amritlal Champaneri, Ajaykumar Champaneri Revocable Trust, Naresh Champaneri Revocable Trust and Rajesh Champaneri Revocable Trust |
39 | Loan | | 1 | North Creek Business Center | NAP | Dmitry Godin |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) |
| | | | | | | | | 7 | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | Meyer Chetrit and Amended and Restated 2013 LG Revocable Trust | No | Yes | Refinance | No | 187,500,000 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | Stephen D. Haymes and The Stephen D. Haymes Revocable Trust Dated October 8, 2014, As Amended and Restated April 26, 2019 | No | No | Refinance | No | 100,000,000 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | AG Net Lease IV Corp., AG Net Lease IV (Q) Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P. | No | No | Acquisition | | 103,000,000 |
3.01 | Property | | 1 | Eagle Springs | | | | | No | |
3.02 | Property | | 1 | Danville | | | | | Yes | |
3.03 | Property | | 1 | Blythewood | | | | | No | |
3.04 | Property | | 1 | Menasha | | | | | No | |
3.05 | Property | | 1 | Tremonton | | | | | No | |
3.06 | Property | | 1 | Carbondale | | | | | No | |
3.07 | Property | | 1 | Marysville | | | | | No | |
3.08 | Property | | 1 | Midland | | | | | No | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | Westplace Modesto Investors, LLC | No | No | Refinance | No | 75,000,000 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | Martin Meyer | No | No | Refinance | No | 98,000,000 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | Jeffrey J. Feil and Abraham (Axel) Stawski | No | Yes | Acquisition | No | 73,000,000 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | George Thacker, Lawrence Charles Kaplan and Richard Schontz | No | No | Refinance | | 43,000,000 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | Yes | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | Yes | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | No | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | No | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | No | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | Simon Property Group, L.P. | No | No | Refinance | No | 130,000,000 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | Simon Property Group, L.P. and Tanger Properties Limited Partnership | No | No | Refinance | No | 71,000,000 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | ExchangeRight Real Estate, LLC, David Fisher, Joshua Ungerecht and Warren Thomas | Yes | No | Acquisition | | 31,135,000 |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | No | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | No | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | No | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | No | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | No | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | No | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | No | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | No | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | No | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | No | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | No | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | No | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | No | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | No | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | No | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | No | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | No | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | No | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | No | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | No | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | No | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | No | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | No | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | No | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | No | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | Rock Backer LLC | No | No | Refinance | Yes | 218,000,000 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | Simon Property Group, L.P. | No | No | Refinance | No | 235,000,000 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | John R. Yurtchuk | No | No | Refinance | No | 23,000,000 |
14 | Loan | | 1 | Graham Capital HQ | Kenneth G. Tropin | No | No | Recapitalization | No | 20,228,000 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | Terrapin Limited Holdings, LLC | No | No | Acquisition | Yes | 18,700,000 |
16 | Loan | | 1 | Gateway Hanover | Donald F. Cafiero | No | Yes | Acquisition | No | |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | Virendra Patel | No | No | Refinance | | |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | No | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | No | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | No | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | No | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | No | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | No | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | No | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | No | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | No | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | Ralph Zucker and Jozef Straus | No | No | Refinance | No | |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | Olymbec USA LLC | No | No | Acquisition | No | |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | Lisa Poulakakos and Harry Poulakakos, as Trustees of the Poulakakos Family 2016 GST Exempt Trust, Peter Poulakakos, as Trustee of the 2011 Poulakakos Family Trust and PF Forge, LLC | No | No | Refinance | | |
20.01 | Property | | 1 | 1 Hanover Square | | | | | No | |
20.02 | Property | | 1 | 54 Stone Street | | | | | No | |
20.03 | Property | | 1 | 30 Water Street | | | | | No | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | E. Stanley Kroenke and Michael H. Staenberg | No | No | Refinance | No | |
22 | Loan | 93 | 1 | Peery Hotel | Daniel A. Norville | No | No | Refinance | No | |
23 | Loan | 94, 95 | 1 | Bloomington IRS | Michael C. Huntress | No | No | Refinance | No | |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | LCN North American Fund III REIT | No | No | Acquisition | | |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | No | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | No | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | No | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | No | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | Robert Oppenheim, Allan Serviansky and Daniel Warman | No | No | Refinance | No | |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) |
| | | | | | | | | 7 | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | Related Special Assets LLC | No | No | Refinance | No | |
27 | Loan | 99 | 1 | Residence Inn Florence | Koteswara Rao Yedla, Satya N. Yedla and Srinath R. Yedla | No | No | Refinance | No | |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | Hertz Group Realty Operating Partnership, LP | No | No | Refinance | No | |
29 | Loan | | 2 | South Loop & Bloomingdale | Terry A. Davis and Davis Family Trust | No | No | Refinance | | |
29.01 | Property | | 1 | South Loop Retail | | | | | No | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | No | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | Ardena Holdings Inc., Pavona Cape Fear LLC and Nivea Developments Florida 3 Inc. | No | No | Acquisition | | |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | No | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | No | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | Michael C. Huntress | No | No | Refinance | No | |
32 | Loan | 113 | 1 | Elyria Industrial | Kenneth Sheer | No | No | Refinance | No | |
33 | Loan | | 1 | 850 Technology Way | M.J. Goodman Living Trust, dated March 31, 2001, Cristal Family, LLC, Sherman Capital, LLC, Fortbridge Realty, LLC, KB LECAP LTD., Mark Siegel, David A. Kornbluth and Kenneth Marblestone | No | Yes | Acquisition | No | |
34 | Loan | 9, 114 | 1 | Riverport Tower | Estein Holdings, Ltd. | No | No | Acquisition | No | |
35 | Loan | | 1 | CollegePlace Clemson | Mark Gilley, David Gilley and Adam Gilley | No | Yes | Acquisition | No | |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | Lawrence Charles Kaplan, Richard Schontz and George Thacker | No | No | Acquisition | | |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | No | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | No | |
37 | Loan | 115 | 1 | 1 Paramount Drive | Michael Rubenstein | No | No | Acquisition | No | |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | Rajesh Kumar Champaneri, Naresh Champaneri, Ajaykumar Amritlal Champaneri, Ajaykumar Champaneri Revocable Trust, Naresh Champaneri Revocable Trust and Rajesh Champaneri Revocable Trust | No | No | Refinance | No | |
39 | Loan | | 1 | North Creek Business Center | Dmitry Godin | No | No | Refinance | No | |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Uses: Total Uses ($) |
| | | | | 8 | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | 15,813,033 | 177,500,000 | 0 | 380,813,033 | 321,864,741 | 0 | 44,400,316 | 14,547,976 | 0 | 0 | 380,813,033 |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | 0 | 0 | 0 | 100,000,000 | 50,397,129 | 0 | 2,873,266 | 9,800,000 | 36,929,605 | 0 | 100,000,000 |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | 73,350,575 | 0 | 3,301,540 | 179,652,115 | 0 | 177,000,000 | 2,652,115 | 0 | 0 | 0 | 179,652,115 |
3.01 | Property | | 1 | Eagle Springs | | | | | | | | | | | |
3.02 | Property | | 1 | Danville | | | | | | | | | | | |
3.03 | Property | | 1 | Blythewood | | | | | | | | | | | |
3.04 | Property | | 1 | Menasha | | | | | | | | | | | |
3.05 | Property | | 1 | Tremonton | | | | | | | | | | | |
3.06 | Property | | 1 | Carbondale | | | | | | | | | | | |
3.07 | Property | | 1 | Marysville | | | | | | | | | | | |
3.08 | Property | | 1 | Midland | | | | | | | | | | | |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 2,549,724 | 17,000,000 | 0 | 94,549,724 | 90,629,128 | 0 | 1,844,644 | 2,075,952 | 0 | 0 | 94,549,724 |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | 4,121,632 | 0 | 0 | 102,121,632 | 99,766,998 | 0 | 1,274,409 | 1,080,225 | 0 | 0 | 102,121,632 |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | 49,333,167 | 0 | 3,238,840 | 125,572,008 | 0 | 120,000,000 | 2,157,253 | 3,414,755 | 0 | 0 | 125,572,008 |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | 562,565 | 0 | 0 | 43,562,565 | 42,990,835 | 0 | 372,205 | 199,524 | 0 | 0 | 43,562,565 |
7.01 | Property | | 1 | Your Extra Closet - Oxford | | | | | | | | | | | |
7.02 | Property | | 1 | Your Extra Closet - Starkville | | | | | | | | | | | |
7.03 | Property | | 1 | Your Extra Closet - Valley View | | | | | | | | | | | |
7.04 | Property | | 1 | Your Extra Closet - Brookland | | | | | | | | | | | |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | | | | | | | | | | | |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | 12,562,007 | 0 | 0 | 142,562,007 | 140,430,426 | 0 | 1,117,635 | 1,013,945 | 0 | 0 | 142,562,007 |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | 733,943 | 0 | 0 | 71,733,943 | 71,183,233 | 0 | 550,710 | 0 | 0 | 0 | 71,733,943 |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | 33,552,647 | 0 | 0 | 64,687,647 | 0 | 62,376,709 | 1,310,560 | 1,000,378 | 0 | 0 | 64,687,647 |
10.01 | Property | | 1 | Aldi - Tulsa | | | | | | | | | | | |
10.02 | Property | | 1 | Hobby Lobby - Arnold | | | | | | | | | | | |
10.03 | Property | | 1 | Walgreens - Rock Falls | | | | | | | | | | | |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | | | | | | | | | | | |
10.05 | Property | | 1 | Walgreens - Wyncote | | | | | | | | | | | |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | | | | | | | | | | | |
10.07 | Property | | 1 | Huntington Bank - Canton | | | | | | | | | | | |
10.08 | Property | | 1 | Dollar Tree - Herrin | | | | | | | | | | | |
10.09 | Property | | 1 | Dollar General - Diamond | | | | | | | | | | | |
10.1 | Property | | 1 | Dollar Tree - Chicago | | | | | | | | | | | |
10.11 | Property | | 1 | Dollar General - Ocala | | | | | | | | | | | |
10.12 | Property | | 1 | Dollar Tree - Harrah | | | | | | | | | | | |
10.13 | Property | | 1 | Dollar Tree - De Soto | | | | | | | | | | | |
10.14 | Property | | 1 | Dollar General - Butler | | | | | | | | | | | |
10.15 | Property | | 1 | Family Dollar - Fort Worth | | | | | | | | | | | |
10.16 | Property | | 1 | Dollar Tree - Cowpens | | | | | | | | | | | |
10.17 | Property | | 1 | Dollar Tree - Fairfield | | | | | | | | | | | |
10.18 | Property | | 1 | Dollar Tree - Roanoke | | | | | | | | | | | |
10.19 | Property | | 1 | Family Dollar - Jacksonville | | | | | | | | | | | |
10.2 | Property | | 1 | Dollar Tree - San Elizario | | | | | | | | | | | |
10.21 | Property | | 1 | Dollar General - Topeka | | | | | | | | | | | |
10.22 | Property | | 1 | Family Dollar - Warren | | | | | | | | | | | |
10.23 | Property | | 1 | Dollar General - Pembroke | | | | | | | | | | | |
10.24 | Property | | 1 | Dollar General - Mount Airy | | | | | | | | | | | |
10.25 | Property | | 1 | Family Dollar - East Canton | | | | | | | | | | | |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | 0 | 0 | 0 | 218,000,000 | 187,609,949 | 0 | 1,363,413 | 9,305,766 | 19,720,871 | 0 | 218,000,000 |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | 2,182,600 | 0 | 0 | 237,182,600 | 235,777,688 | 0 | 569,911 | 835,000 | 0 | 0 | 237,182,600 |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | 0 | 0 | 0 | 23,000,000 | 20,856,907 | 0 | 561,891 | 1,353,390 | 227,812 | 0 | 23,000,000 |
14 | Loan | | 1 | Graham Capital HQ | 0 | 0 | 0 | 20,228,000 | 0 | 0 | 428,203 | 142,260 | 19,657,537 | 0 | 20,228,000 |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 16,383,717 | 0 | 0 | 35,083,717 | 0 | 30,000,000 | 649,079 | 4,434,638 | 0 | 0 | 35,083,717 |
16 | Loan | | 1 | Gateway Hanover | | | | | | | | | | | |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | | | | | | | | | | | |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | | | | | | | | | | | |
17.02 | Property | | 1 | Beachside Gulf Shores | | | | | | | | | | | |
17.03 | Property | | 1 | Home2Suites Mobile | | | | | | | | | | | |
17.04 | Property | | 1 | Home2Suites Daphne | | | | | | | | | | | |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | | | | | | | | | | | |
17.06 | Property | | 1 | Gulf Shores Motel 6 | | | | | | | | | | | |
17.07 | Property | | 1 | Red Roof Pensacola | | | | | | | | | | | |
17.08 | Property | | 1 | Quality Inn Gulf Shores | | | | | | | | | | | |
17.09 | Property | | 1 | Red Roof Gulf Shores | | | | | | | | | | | |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | | | | | | | | | | | |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | | | | | | | | | | | |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | | | | | | | | | | | |
20.01 | Property | | 1 | 1 Hanover Square | | | | | | | | | | | |
20.02 | Property | | 1 | 54 Stone Street | | | | | | | | | | | |
20.03 | Property | | 1 | 30 Water Street | | | | | | | | | | | |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | | | | | | | | | | | |
22 | Loan | 93 | 1 | Peery Hotel | | | | | | | | | | | |
23 | Loan | 94, 95 | 1 | Bloomington IRS | | | | | �� | | | | | | |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | | | | | | | | | | | |
24.01 | Property | | 1 | 1468 West Hospital Road | | | | | | | | | | | |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | | | | | | | | | | | |
24.03 | Property | | 1 | 2531 Jewett Lane | | | | | | | | | | | |
24.04 | Property | | 1 | 4086 Michigan Avenue | | | | | | | | | | | |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | | | | | | | | | | | |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Uses: Other Uses ($) | Uses: Total Uses ($) |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | | | | | | | | | | | |
27 | Loan | 99 | 1 | Residence Inn Florence | | | | | | | | | | | |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | | | | | | | | | | | |
29 | Loan | | 2 | South Loop & Bloomingdale | | | | | | | | | | | |
29.01 | Property | | 1 | South Loop Retail | | | | | | | | | | | |
29.02 | Property | | 1 | Bloomingdale Retail | | | | | | | | | | | |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | | | | | | | | | | | |
30.01 | Property | | 1 | Pavilions Shopping Center | | | | | | | | | | | |
30.02 | Property | | 1 | 37th Ave Shopping Center | | | | | | | | | | | |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | | | | | | | | | | | |
32 | Loan | 113 | 1 | Elyria Industrial | | | | | | | | | | | |
33 | Loan | | 1 | 850 Technology Way | | | | | | | | | | | |
34 | Loan | 9, 114 | 1 | Riverport Tower | | | | | | | | | | | |
35 | Loan | | 1 | CollegePlace Clemson | | | | | | | | | | | |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | | | | | | | | | | | |
36.01 | Property | | 1 | Abe's Storage - Holly | | | | | | | | | | | |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | | | | | | | | | | | |
37 | Loan | 115 | 1 | 1 Paramount Drive | | | | | | | | | | | |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | | | | | | | | | | | |
39 | Loan | | 1 | North Creek Business Center | | | | | | | | | | | |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Franchise Agreement Expiration | Underwritten ADR ($) | 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 (%) |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | | 1 | Eagle Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.02 | Property | | 1 | Danville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.03 | Property | | 1 | Blythewood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.04 | Property | | 1 | Menasha | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.05 | Property | | 1 | Tremonton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.06 | Property | | 1 | Carbondale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.07 | Property | | 1 | Marysville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.08 | Property | | 1 | Midland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 12/31/2030 | 142.18 | 94.04 | 66.1% | 148.12 | 77.78 | 52.5% | 102.01 | 65.79 | 64.5% |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.01 | Property | | 1 | Your Extra Closet - Oxford | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.02 | Property | | 1 | Your Extra Closet - Starkville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.03 | Property | | 1 | Your Extra Closet - Valley View | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.04 | Property | | 1 | Your Extra Closet - Brookland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.01 | Property | | 1 | Aldi - Tulsa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.02 | Property | | 1 | Hobby Lobby - Arnold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.03 | Property | | 1 | Walgreens - Rock Falls | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.05 | Property | | 1 | Walgreens - Wyncote | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.07 | Property | | 1 | Huntington Bank - Canton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.08 | Property | | 1 | Dollar Tree - Herrin | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.09 | Property | | 1 | Dollar General - Diamond | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.1 | Property | | 1 | Dollar Tree - Chicago | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.11 | Property | | 1 | Dollar General - Ocala | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.12 | Property | | 1 | Dollar Tree - Harrah | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.13 | Property | | 1 | Dollar Tree - De Soto | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.14 | Property | | 1 | Dollar General - Butler | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.15 | Property | | 1 | Family Dollar - Fort Worth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.16 | Property | | 1 | Dollar Tree - Cowpens | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.17 | Property | | 1 | Dollar Tree - Fairfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.18 | Property | | 1 | Dollar Tree - Roanoke | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.19 | Property | | 1 | Family Dollar - Jacksonville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.2 | Property | | 1 | Dollar Tree - San Elizario | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.21 | Property | | 1 | Dollar General - Topeka | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.22 | Property | | 1 | Family Dollar - Warren | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.23 | Property | | 1 | Dollar General - Pembroke | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.24 | Property | | 1 | Dollar General - Mount Airy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10.25 | Property | | 1 | Family Dollar - East Canton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | | 1 | Graham Capital HQ | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | NAP | 144.96 | 126.10 | 87.0% | 144.96 | 126.10 | 87.0% | 133.47 | 110.55 | 82.8% |
16 | Loan | | 1 | Gateway Hanover | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | Various | 141.94 | 91.37 | 64.4% | 141.94 | 94.34 | 66.5% | 142.54 | 102.84 | 72.1% |
17.01 | 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% |
17.02 | Property | | 1 | Beachside Gulf Shores | NAP | 193.17 | 100.30 | 51.9% | 193.17 | 101.78 | 52.7% | 191.80 | 119.01 | 62.1% |
17.03 | 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% |
17.04 | 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% |
17.05 | 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% |
17.06 | 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% |
17.07 | 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% |
17.08 | 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% |
17.09 | 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% |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.01 | Property | | 1 | 1 Hanover Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.02 | Property | | 1 | 54 Stone Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.03 | Property | | 1 | 30 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 93 | 1 | Peery Hotel | 12/31/2039 | 174.04 | 126.01 | 72.4% | 174.04 | 126.01 | 72.4% | 146.76 | 92.83 | 63.3% |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.01 | Property | | 1 | 1468 West Hospital Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.03 | Property | | 1 | 2531 Jewett Lane | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24.04 | Property | | 1 | 4086 Michigan Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 (%) |
| | | | | | | | | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | 6/2/2030 | 119.63 | 89.85 | 75.1% | 119.63 | 89.85 | 75.1% | 115.31 | 78.33 | 67.9% |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | | 2 | South Loop & Bloomingdale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | | 1 | South Loop Retail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.02 | Property | | 1 | Bloomingdale Retail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30.01 | Property | | 1 | Pavilions Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30.02 | Property | | 1 | 37th Ave Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 113 | 1 | Elyria Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | | 1 | 850 Technology Way | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36.01 | Property | | 1 | Abe's Storage - Holly | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 3/6/2028 | 113.59 | 94.35 | 83.1% | 113.59 | 94.35 | 83.1% | 103.13 | 86.56 | 83.9% |
39 | Loan | | 1 | North Creek Business Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
| | | | | | | |
1 | Loan | 9, 10, 11, 12, 13, 14, 15 | 1 | Park West Village | NAP | NAP | NAP |
2 | Loan | 9, 16, 17, 18, 19, 20, 21 | 1 | 330 West 34th Street Leased Fee | NAP | NAP | NAP |
3 | Loan | 7, 9, 22, 23, 24 | 8 | IPG Portfolio | NAP | NAP | NAP |
3.01 | Property | | 1 | Eagle Springs | NAP | NAP | NAP |
3.02 | Property | | 1 | Danville | NAP | NAP | NAP |
3.03 | Property | | 1 | Blythewood | NAP | NAP | NAP |
3.04 | Property | | 1 | Menasha | NAP | NAP | NAP |
3.05 | Property | | 1 | Tremonton | NAP | NAP | NAP |
3.06 | Property | | 1 | Carbondale | NAP | NAP | NAP |
3.07 | Property | | 1 | Marysville | NAP | NAP | NAP |
3.08 | Property | | 1 | Midland | NAP | NAP | NAP |
4 | Loan | 9, 25, 26, 27, 28 | 1 | Hyatt Regency Jacksonville | 134.39 | 94.97 | 70.7% |
5 | Loan | 9, 29, 30, 31, 32, 33, 34, 35, 36 | 1 | 469 7th Avenue | NAP | NAP | NAP |
6 | Loan | 9, 37, 38, 39 | 1 | Wells Fargo Center Tampa | NAP | NAP | NAP |
7 | Loan | 7 | 5 | CityLine Extra Closet Storage Portfolio | NAP | NAP | NAP |
7.01 | Property | | 1 | Your Extra Closet - Oxford | NAP | NAP | NAP |
7.02 | Property | | 1 | Your Extra Closet - Starkville | NAP | NAP | NAP |
7.03 | Property | | 1 | Your Extra Closet - Valley View | NAP | NAP | NAP |
7.04 | Property | | 1 | Your Extra Closet - Brookland | NAP | NAP | NAP |
7.05 | Property | | 1 | Your Extra Closet - Mead Drive | NAP | NAP | NAP |
8 | Loan | 9, 40, 41, 42, 43 | 1 | Katy Mills | NAP | NAP | NAP |
9 | Loan | 9, 44, 45, 46, 47, 48, 49, 50, 51, 52 | 1 | Tanger Outlets Columbus | NAP | NAP | NAP |
10 | Loan | | 25 | ExchangeRight Net Leased Portfolio #58 | NAP | NAP | NAP |
10.01 | Property | | 1 | Aldi - Tulsa | NAP | NAP | NAP |
10.02 | Property | | 1 | Hobby Lobby - Arnold | NAP | NAP | NAP |
10.03 | Property | | 1 | Walgreens - Rock Falls | NAP | NAP | NAP |
10.04 | Property | | 1 | CVS Pharmacy - Chalfont | NAP | NAP | NAP |
10.05 | Property | | 1 | Walgreens - Wyncote | NAP | NAP | NAP |
10.06 | Property | | 1 | CVS Pharmacy - Parkersburg | NAP | NAP | NAP |
10.07 | Property | | 1 | Huntington Bank - Canton | NAP | NAP | NAP |
10.08 | Property | | 1 | Dollar Tree - Herrin | NAP | NAP | NAP |
10.09 | Property | | 1 | Dollar General - Diamond | NAP | NAP | NAP |
10.1 | Property | | 1 | Dollar Tree - Chicago | NAP | NAP | NAP |
10.11 | Property | | 1 | Dollar General - Ocala | NAP | NAP | NAP |
10.12 | Property | | 1 | Dollar Tree - Harrah | NAP | NAP | NAP |
10.13 | Property | | 1 | Dollar Tree - De Soto | NAP | NAP | NAP |
10.14 | Property | | 1 | Dollar General - Butler | NAP | NAP | NAP |
10.15 | Property | | 1 | Family Dollar - Fort Worth | NAP | NAP | NAP |
10.16 | Property | | 1 | Dollar Tree - Cowpens | NAP | NAP | NAP |
10.17 | Property | | 1 | Dollar Tree - Fairfield | NAP | NAP | NAP |
10.18 | Property | | 1 | Dollar Tree - Roanoke | NAP | NAP | NAP |
10.19 | Property | | 1 | Family Dollar - Jacksonville | NAP | NAP | NAP |
10.2 | Property | | 1 | Dollar Tree - San Elizario | NAP | NAP | NAP |
10.21 | Property | | 1 | Dollar General - Topeka | NAP | NAP | NAP |
10.22 | Property | | 1 | Family Dollar - Warren | NAP | NAP | NAP |
10.23 | Property | | 1 | Dollar General - Pembroke | NAP | NAP | NAP |
10.24 | Property | | 1 | Dollar General - Mount Airy | NAP | NAP | NAP |
10.25 | Property | | 1 | Family Dollar - East Canton | NAP | NAP | NAP |
11 | Loan | 7, 9, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62 | 1 | One Campus Martius | NAP | NAP | NAP |
12 | Loan | 9, 63, 64, 65, 66, 67, 68, 69, 70 | 1 | Concord Mills | NAP | NAP | NAP |
13 | Loan | 9, 71, 72, 73, 74 | 1 | Dent Medical Center | NAP | NAP | NAP |
14 | Loan | | 1 | Graham Capital HQ | NAP | NAP | NAP |
15 | Loan | 7, 75 | 1 | Residence Inn Melbourne | 139.01 | 87.14 | 62.7% |
16 | Loan | | 1 | Gateway Hanover | NAP | NAP | NAP |
17 | Loan | 9, 76, 77 | 9 | A&R Hospitality Portfolio | 115.02 | 69.95 | 61.2% |
17.01 | Property | | 1 | Fairfield Inn Orange Beach | 138.82 | 71.96 | 51.8% |
17.02 | Property | | 1 | Beachside Gulf Shores | 140.87 | 97.13 | 69.0% |
17.03 | Property | | 1 | Home2Suites Mobile | 91.61 | 58.53 | 63.9% |
17.04 | Property | | 1 | Home2Suites Daphne | NAV | NAV | NAV |
17.05 | Property | | 1 | Staybridge Suites Gulf Shores | 134.80 | 80.00 | 59.4% |
17.06 | Property | | 1 | Gulf Shores Motel 6 | 94.97 | 60.83 | 64.1% |
17.07 | Property | | 1 | Red Roof Pensacola | 76.79 | 49.75 | 64.8% |
17.08 | Property | | 1 | Quality Inn Gulf Shores | 113.48 | 68.53 | 60.4% |
17.09 | Property | | 1 | Red Roof Gulf Shores | 102.36 | 59.24 | 57.9% |
18 | Loan | 9, 78, 79, 80, 81, 82, 83 | 1 | Bell Works | NAP | NAP | NAP |
19 | Loan | 9, 84, 85, 86, 87 | 1 | PentaCentre Office | NAP | NAP | NAP |
20 | Loan | 88, 89 | 3 | Stone Street Portfolio | NAP | NAP | NAP |
20.01 | Property | | 1 | 1 Hanover Square | NAP | NAP | NAP |
20.02 | Property | | 1 | 54 Stone Street | NAP | NAP | NAP |
20.03 | Property | | 1 | 30 Water Street | NAP | NAP | NAP |
21 | Loan | 90, 91, 92 | 1 | Chesterfield Commons 8 | NAP | NAP | NAP |
22 | Loan | 93 | 1 | Peery Hotel | 121.23 | 45.12 | 37.2% |
23 | Loan | 94, 95 | 1 | Bloomington IRS | NAP | NAP | NAP |
24 | Loan | 96, 97, 98 | 4 | IPR Portfolio | NAP | NAP | NAP |
24.01 | Property | | 1 | 1468 West Hospital Road | NAP | NAP | NAP |
24.02 | Property | | 1 | 4520 and 4804 North State Road 37 | NAP | NAP | NAP |
24.03 | Property | | 1 | 2531 Jewett Lane | NAP | NAP | NAP |
24.04 | Property | | 1 | 4086 Michigan Avenue | NAP | NAP | NAP |
25 | Loan | | 1 | 5900-5901 Southwest 74th Street | NAP | NAP | NAP |
Benchmark 2022-B37 Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
| | | | | | | |
26 | Loan | | 1 | 4023 Oak Lawn Avenue | NAP | NAP | NAP |
27 | Loan | 99 | 1 | Residence Inn Florence | 73.22 | 51.45 | 70.3% |
28 | Loan | 100, 101, 102, 103 | 1 | Prospero Place and Garage | NAP | NAP | NAP |
29 | Loan | | 2 | South Loop & Bloomingdale | NAP | NAP | NAP |
29.01 | Property | | 1 | South Loop Retail | NAP | NAP | NAP |
29.02 | Property | | 1 | Bloomingdale Retail | NAP | NAP | NAP |
30 | Loan | 104, 105, 106, 107, 108 | 2 | Indiana Ardena Portfolio | NAP | NAP | NAP |
30.01 | Property | | 1 | Pavilions Shopping Center | NAP | NAP | NAP |
30.02 | Property | | 1 | 37th Ave Shopping Center | NAP | NAP | NAP |
31 | Loan | 109, 110, 111, 112 | 1 | Union Road Plaza | NAP | NAP | NAP |
32 | Loan | 113 | 1 | Elyria Industrial | NAP | NAP | NAP |
33 | Loan | | 1 | 850 Technology Way | NAP | NAP | NAP |
34 | Loan | 9, 114 | 1 | Riverport Tower | NAP | NAP | NAP |
35 | Loan | | 1 | CollegePlace Clemson | NAP | NAP | NAP |
36 | Loan | | 2 | CityLine Abe's Storage Portfolio | NAP | NAP | NAP |
36.01 | Property | | 1 | Abe's Storage - Holly | NAP | NAP | NAP |
36.02 | Property | | 1 | Abe's Storage - Grand Blanc | NAP | NAP | NAP |
37 | Loan | 115 | 1 | 1 Paramount Drive | NAP | NAP | NAP |
38 | Loan | 116, 117, 118, 119 | 1 | 325 West Main Street | 92.46 | 64.20 | 69.4% |
39 | Loan | | 1 | North Creek Business Center | NAP | NAP | NAP |
Footnotes to Annex A-1 |
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(1) | The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
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(2) | The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
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(3) | The open period is inclusive of the Maturity Date. |
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(4) | Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans). |
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(5) | Leased Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
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(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease 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 lease. |
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(7) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. |
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(8) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
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(9) | The Mortgage Loan is part of a Whole Loan structure. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity (%), Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan Per Unit ($) calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, if applicable, but exclude any related Subordinate Companion Loans. |
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(10) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable 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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(11) | The Park West Village Whole Loan was co-originated by Citi Real Estate Funding Inc., Starwood Mortgage Capital LLC and Bank of Montreal. |
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(12) | The Park West Village 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. The commercial space is not presented in Number of Units. Current Occupancy reflects the occupancy of the multifamily component of the Park West Village Mortgaged Property. The commercial space is 100.0% leased as of July 22, 2022. |
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(13) | 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 expected Benchmark 2022-B37 securitization cut-off date in October 2022. The actual lockout period may be longer. |
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(14) | 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). |
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(15) | 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 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 Mortgaged 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, 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 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. |
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(16) | Size (SF) reflects square footage attributable to the parcel of land which serves as collateral for the 330 West 34th Street Leased Fee Whole Loan. The leasehold improvements (which do not serve as collateral for the 330 West 34th Street Leased Fee Whole Loan) consist of an 18-story, plus lower level, Class B office building comprised of an above grade gross building area of 723,845 SF. The leasehold improvements were built in 1926 and renovated in 2014. |
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(17) | Appraised Value is reflective of the leased fee value of the 330 West 34th Street Leased Fee Property, exclusive of any and all value attributable to the leasehold improvements. The appraisal concluded to a land value of $225,000,000 (approximately $4,848 per land SF), which represents a loan-to-land-value ratio of 44.4%. The appraisal also concluded to a Hypothetical Market Value Today of $525,000,000 as of July 1, 2022, based on the hypothetical condition that the ground lease encumbering the 330 West 34th Street Leased Fee Property has been collapsed and the leasehold improvements are no longer encumbered by the existing ground lease, which represents a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 19.0%. The leasehold improvements are not collateral for the 330 West 34th Street Leased Fee Whole Loan. |
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(18) | Underwritten Revenues, Underwritten NOI, Underwritten NCF, DSCR Based on Underwritten NOI / NCF and Debt Yield Based on Underwritten NOI / NCF are reflective of the contractual ground lease payments and do not account for any income attributable to the leasehold improvements. |
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(19) | The lockout period will be at least 25 payment dates beginning with and including the first payment date in October 2022. Defeasance of the 330 West 34th Street Leased Fee Whole Loan in full is permitted at any time after the earlier to occur of (i) August 18, 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 25 payments is based on the expected Benchmark 2022-B37 securitization cut-off date in October 2022. The actual lockout period may be longer. |
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(20) | The 330 West 34th Street Leased Fee Property is ground leased to Vornado 330 West 34th Street L.L.C. (the “Vornado Ground Tenant”), an affiliate of Vornado Realty Trust (“Vornado”). Vornado has an approximately 35% indirect ownership interest in the borrower. The ground lease commenced on July 28, 1967 and is in its second renewal term, which expires December 31, 2050. The ground lease has three additional renewal options, the first two for 30 years each, and the last for 39 years. During the current term, the Vornado Ground Tenant is required to pay ground rent in the amount of $15,750,000, annually, on an absolute net basis, payable in monthly installments. For the first five renewal terms, the ground rent will be equal to 7% of the market value of the leased premises considered as if vacant, unimproved and unencumbered, as determined in accordance with the ground lease. The interest of the Vornado Ground Tenant as ground lessee is freely transferable, and may be mortgaged, without the consent of the borrower or lender or any other restrictions. The Vornado Ground Tenant has a right of first refusal to purchase the 330 West 34th Street Leased Fee Property, or any portion of it, and any equity interest in any owner of the 330 West 34th Street Leased Fee Property. Such right of first refusal may apply to a transfer in connection with a foreclosure or deed-in-lieu thereof, as well as any transfers thereafter. |
(21) | With respect to the 330 West 34th Street Leased Fee Mortgage Loan, Vornado 330 West 34th Street, L.L.C. (the “Vornado Ground Tenant”) is disputing via ongoing litigation the results of the arbitration process used to determine the annual ground rent for the ground lease term that commenced January 1, 2021. At origination of the 330 West 34th Street Leased Fee Whole Loan, a ground lease litigation reserve (the “Ground Lease Reserve”) was reserved with the lender in the amount of $9,800,000, representing the difference in the ground rent that would apply if the Vornado Ground Tenant’s determination of market value, rather than the borrower’s determination, was in effect from the commencement of the current ground lease term on January 1, 2021 through the origination date. In addition, the borrower is required to deposit into the Ground Lease Reserve, on each monthly payment date, an amount equal to the lesser of (x) $466,666.67 ($5,600,000 annually; i.e. the annual excess of the $15,750,000 ground rent based on the borrower’s determination of market value over the $10,150,000 ground rent based on the Vornado Ground Tenant��s determination) and (y) the amount by which (i) the amount of ground rents received during the preceding month exceeds (ii) $845,833.33 (i.e. exceeds $10,150,000 annually). Upon the final resolution (after the expiration of all appellate rights) of the ground rent dispute, or such dispute is otherwise terminated to the lender’s reasonable satisfaction, the amount in the Ground Lease Reserve is required to be (i) if it is determined that a Rental Overage Payment Amount (as defined below) exists, released to the Vornado Ground Tenant to pay such amount and (ii) any excess, or the entire Ground Lease Reserve, if no Rental Overage Payment Amount exists, is required to be released to the borrower.
“Rental Overage Payment Amount” means, the final amount (if any, inclusive of all interest, fees and other charges that may become due) that either (x) a court of competent jurisdiction (after the expiration of all appellate rights) has determined is due to the Vornado Ground Tenant stemming from the rental dispute, or (y) the amount that the Vornado Ground Tenant and borrower agree is due to the Vornado Ground Tenant as a result of a binding written settlement of the rental dispute entered into in accordance with the 330 West 34th Street Leased Fee Whole Loan documents (which require the lender’s reasonable consent unless the settlement is in a minimum specified amount). In the event of the lender taking title to the Mortgaged Property, any amount then in the Ground Lease Reserve is required to be held in escrow by a title company pursuant to an escrow agreement containing release provisions as set forth above, and accordingly may not be applied to repay the 330 West 34th Street Leased Fee Mortgage Loan.” |
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(22) | Voluntary prepayment of the IPG Portfolio Whole Loan in whole or in part is permitted on or after the due date occurring in April 2032 without the payment of any prepayment premium. In addition, the IPG Portfolio Whole Loan may be voluntary prepaid in whole or in part at any time beginning on the due date in November 2022 with the payment of a maintenance premium. Defeasance of the IPG Portfolio Whole Loan in whole or in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the IPG Portfolio Whole Loan to be securitized and (ii) September 29, 2025. |
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(23) | With respect to IPG Portfolio, the borrower (property owner and master landlord) entered into a master lease and master leased the entire portfolio to Intertape Polymer Group. The master lessee is structured as an SPE entity with one independent manager. The master lease is fully subordinate to the Mortgage Loan and is terminable by the lender upon a foreclosure or deed-in-lieu, or upon a material default under the master lease. The master lessee’s interest in the leases and rents is collaterally assigned to the borrower. For so long as the master lease is in effect, the borrower is entitled to receive only rents from the master lease, and not the underlying rents and other receipts from the IPG Portfolio Properties. |
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(24) | With respect to IPG Portfolio, historical financial information is unavailable due to the acquisition of IPG Portfolio Properties at origination IPG Portfolio Whole Loan. |
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(25) | The lockout period will be at least 24 payment dates beginning with and including the first payment date in November 2022. Defeasance of the Hyatt Regency Jacksonville Whole Loan in full is permitted at any time following the earlier to occur of (i) September 9, 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 24 payments is based on the expected Benchmark 2022-B37 securitization cut-off date in October 2022. The actual lockout period may be longer. |
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(26) | The Hyatt Regency Jacksonville Mortgage Loan has two mezzanine loans of $10,000,000 and $7,000,000 with the interest rates of 8.00000% and 9.50000%, respectively. |
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(27) | Underwriting is reliant on the T12 period of July 1, 2019 through February 28, 2020 and March 1, 2022 through June 30, 2022 to capture the immediate period prior to COVID-19 and the TTM period for March 1, 2022 through June 30, 2022. |
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(28) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to underwriting to average occupancy levels prior to the COVID-19 pandemic at the ADR observed in the TTM 2022 period. The Mortgaged Property’s underwritten 2022 performance reflects recovery from the COVID-19 pandemic as stay-at-home orders were lifted and travel began to rebound. We cannot assure you that the Mortgaged Property will revert to pre-COVID-19 performance. |
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(29) | 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 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. |
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(30) | 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. |
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(31) | 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. |
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(32) | With respect to 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 $100 per square foot of the applicable specified tenant space. |
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(33) | The 469 7th Avenue Whole Loan was co-originated by Citi Real Estate Funding Inc. and UBS AG. |
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(34) | With respect to the 469 7th Avenue Whole Loan, the lockout period will be at least 25 payment dates beginning with and including the first payment date in October 2022. Defeasance of the 469 7th Avenue Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) August 30, 2026. The assumed defeasance lockout period of 25 payment dates is based on the expected Benchmark 2022-B37 securitization cut-off date in October 2022. The actual lockout period may be longer. |
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(35) | The Mortgaged Property is subject to a declaration of condominium. The fee simple interest of 100.0% of the condominium units and common elements are held by the related mortgagor and encumbered by the mortgage securing the 469 7th Avenue Whole Loan. Moreover, the declaration of condominium has been subordinated to the lien of the related mortgage. |
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(36) | The Mortgaged Property consists of 255,800 square feet of office space, 12,588 square feet of retail space and 845 square feet of storage space. |
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(37) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to contractual rent steps and the signing of new leases for tenants including the Law Office of Ammenand and Hamilton, Miller & Birthisel, LLP. |
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(38) | The Largest Tenant, Wells Fargo Bank, has the option to give back either the entire ninth floor (20,367 SF) or tenth floor (20,147 SF) effective on July 31, 2025 with notice no later than August 31, 2023 and payment of a contraction fee. The Second Largest Tenant, Phelps Dunbar, LLP has the right to terminate its lease on October 31, 2024 with a written notice no later than October 31, 2023 and the payment of a termination fee. |
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(39) | The borrowers own the Mortgaged Properties as tenants-in-common. |
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(40) | The Mortgage Loan is part of a Whole Loan that was co-originated by J.P. Morgan Chase Bank, National Association and Bank of America, N.A. |
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(41) | For so long as one or more of Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”) or an affiliate of SPG LP or Simon Inc. is the nonrecourse carveout guarantor, the non-recourse carveout guarantor's aggregate liability is limited to 20% of the Whole Loan amount, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty. |
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(42) | The Mortgage Loan documents permit the borrower to deliver (x) a letter of credit in lieu of any cash deposit required for any reserve requirements for the Monthly RE Tax Reserve ($), Monthly Insurance Reserve ($), Monthly Replacement / FF&E Reserve ($) and Monthly TI/LC Reserve ($) and (y) a letter of credit or a guaranty from a Katy Mills Borrower affiliate in lieu of any cash deposit required for any reserve requirements for the Monthly Other Reserve ($). |
(43) | The Mortgage Loan documents permit the borrower to enter into a “Property-Assessed Clean Energy loan” (a “PACE Loan”) or any similar indebtedness for an amount not to exceed $5,000,000, subject to the lender's approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, to be (i) incurred for improvements to the Mortgaged Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Mortgaged Property. The lien resulting from any unpaid and delinquent payments under a PACE Loan would have property tax lien status. |
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(44) | On a monthly basis, the borrower is required to deposit $59,208 to be held by lender for lease rollover reserves on each scheduled payment date on which the balance on deposit in the Rollover Reserve Account is less than $2,841,960, provided that no such cap will apply during a Lockbox Event Period. |
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(45) | One of the tenants, Famous Footwear, is in holdover. While this tenant has agreed to an increase, a formal lease has not yet been signed. |
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(46) | During a Lockbox Event Period, the borrower will be required to deposit $7,401 to be held by the lender for replacement reserves on each scheduled payment date on which the balance on deposit in the Replacement Reserve Account is less than $177,623. |
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(47) | For so long as one or more of Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”) or an affiliate of SPG LP or Simon Inc. is the nonrecourse carveout guarantor, the non-recourse carveout guarantor's aggregate liability is limited to 20% of the Whole Loan amount, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty. |
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(48) | The Mortgage Loan documents permit the borrower to deliver a qualifying reserve guaranty and/or qualifying letter of credit in lieu of any cash reserve deposits required for taxes, insurance premiums, replacements and/or lease rollovers. |
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(49) | The Mortgage Loan is part of a Whole Loan that was co-originated by Goldman Sachs Bank USA and Wells Fargo Bank, National Association. |
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(50) | With respect to the Tanger Outlets Columbus Whole Loan, the lockout period will be at least 24 payment dates beginning with and including the first payment date in November 2022. Defeasance of the Tanger Outlets Columbus Whole Loan is permitted at any time after the earlier to occur of (i) two years after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) November 1, 2025. The assumed defeasance lockout period of 24 payment dates is based on the expected Benchmark 2022-B37 securitization cut-off date in October 2022. The actual lockout period may be longer. Notwithstanding the foregoing, if either pari passu note is not securitized by November 1, 2025, the borrower may prepay the non-securitized pari passu note (and such prepayment must include a yield maintenance premium) in conjunction with defeasance of any securitized pari passu note. In such circumstance, any yield maintenance premium is only payable to the noteholder of the non-securitized note being prepaid. |
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(51) | The Mortgage Loan agreement permits the borrower to enter into a PACE Loan for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation. The related loan agreement defines “PACE Loan” as (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Mortgaged Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Mortgaged Property. The lien resulting from any unpaid and delinquent PACE loan payments would have property tax lien status. |
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(52) | The Mortgaged Property is subject to a tax increment financing agreement and other related development agreements (“TIF Agreement”). Pursuant to the TIF Agreement, the local township agreed to provide a real property tax exemption from 75% of the increase in the assessed valuation of the Mortgaged Property for a period of ten years commencing with tax year 2016, and the related borrower committed to make payments in lieu of taxes (“TIF Payments”) in an amount equal to the real property taxes so exempted. The local finance authority issued $9,980,000 in aggregate principal amount of community facilities revenue bonds secured by the TIF Payments and certain other community development charges to reimburse the related borrower for a portion of the upfront costs of completing certain public transportation improvements. |
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(53) | The Mortgage Loan is part of a Whole Loan that was co-originated by J.P. Morgan Chase Bank, National Association and Morgan Stanley Bank, N.A. |
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(54) | The Mortgaged Property is a 1,356,325 square-foot office building which includes retail tenant leases representing approximately 3.0% of net rentable area and 2.8% of UW In-Place Rent at the Mortgaged Property. |
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(55) | The lockout period for the related Whole Loan will be at least 27 payment dates beginning with and including the first payment date on August 1, 2022. The Whole Loan may be (a) defeased in whole after the date that is two years from the closing date of the securitization that includes the last note to be securitized (the “Permitted Defeasance Date”) or (b) if the Permitted Defeasance Date has not occurred by August 1, 2025, prepaid in whole with the payment of a yield maintenance premium. The assumed lockout period of 27 months is based on the expected closing date of the Benchmark 2022-B37 securitization in October 2022. The actual lockout period may be longer. |
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(56) | In connection with the creation by the State of Michigan of a plan to enable the revitalization of certain brownfield properties, and the related developments of four projects located in the City of Detroit (the “Transformational Project Sites”), including the expansion of the Mortgaged Property which was completed in 2020, Bedrock Management Services, LLC, a borrower sponsor affiliate, as the developer (the “Developer”), entered into a reimbursement agreement (the “Reimbursement Agreement”) with the City of Detroit Brownfield Redevelopment Authority, the Michigan Strategic Fund and the Michigan Department of Treasury. The Reimbursement Agreement entitles the Developer to receive reimbursements for a certain portion of the cost of the developments of the Transformational Project Sites from certain tax revenues as well as sales and use tax exemptions. The lender did not underwrite any of the benefits afforded to the borrower sponsor affiliate pursuant to the Reimbursement Agreement. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Prospectus for additional information. |
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(57) | The Largest Tenant, Rocket Mortgage, whose lease is scheduled to expire in December 2028 and is required to pay $28.81 per square foot, is currently subleasing 29,648 square feet out of a total of 570,214 square feet to StockX through December 2024 at $27.50 per square foot. |
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(58) | Centene Management, the Second Largest Tenant, is a successor-in-interest to Meridian Health, which had been at the Mortgaged Property since December 2014 and assigned its entire interest in its lease to Centene Management on June 29, 2022, shortly after loan origination. According to the borrower sponsor, Centene Management, whose current lease term expires in December 2024, has listed its entire leased space at the Mortgaged Property on the market for sublease, though no prospective subtenant has been identified as of the Cut-off Date. As of the Cut-off Date, Centene Management is in occupancy and paying rent. |
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(59) | Each of the Largest Tenant, Rocket Mortgage, the Third Largest Tenant, Rock Ventures, the Fourth Largest Tenant, Building Amenities Wellness Center LLC, the sixth largest tenant, Building Amenities Daycare LLC, the seventh largest tenant, Toast Entertainment (event space floor), the ninth largest tenant, Building Amenities Cafeteria LLC, and the thirteenth largest tenant who also subleases additional space from Rocket Mortgage, StockX, which collectively lease approximately 58.2% of the net rentable area at the Mortgaged Property, are affiliates of the borrower. |
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(60) | The Mortgaged Property consists of two units in a condominium with a total of two units. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests and Other Shared Interests” for additional information. |
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(61) | The Whole Loan is structured with a hard lockbox for the related Mortgaged Property other than with respect to the parking garage portion of the Mortgaged Property, the income from which is not required to be deposited into the lockbox account until the occurrence of a Cash Sweep Event, as defined in the related loan documents. |
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(62) | The Mortgage Loan documents permit the direct or indirect owners of the borrower (other than any principal) to obtain one or more unsecured loans from affiliates of the borrower, provided each unsecured loan is (a) unsecured, (b) payable only out of excess cash flow from the Mortgaged Property, (c) subordinate in all respects to the Mortgage Loan pursuant to a subordination and standstill agreement satisfactory to the lender in its sole discretion, and (d) without a maturity date. The aggregate amount of all unsecured loans that may be entered into without the lender’s consent may not exceed 10.0% of the aggregate unpaid principal amount of all of the Mortgage Loan at any one time. |
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(63) | The lockout period will be at least 24 payment dates beginning with and including the first payment date in November 2022. Defeasance of the Concord Mills Whole Loan in full is permitted at any time after the earlier to occur of (i) December 6, 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 24 payments is based on the expected Benchmark 2022-B37 securitization closing date in November 2022. The actual lockout period may be longer. |
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(64) | The Mortgage Loan is part of a Whole Loan that was co-originated by DBR Investments Co. Limited and Bank of America, N.A. |
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(65) | The Concord Mills Whole Loan documents permit the borrower to deliver (x) a letter of credit in lieu of any cash deposit required for any springing reserve requirements for the taxes, insurance, replacements, TI/LC and other reserves and (y) a letter of credit or a guaranty from an affiliate of the borrower in lieu of any cash deposit required for any reserve requirements for the Other reserve. |
(66) | In the event of a casualty with respect to the Mortgaged Property where (A) (i) the cost to restore such Mortgaged Property exceeds 25% of the amount it would cost to replace such Mortgaged Property and (ii) the damage occurs within the last 5 years of the lease term of the third largest tenant, AMC Theatres; (B) the borrower chooses not to restore such Mortgaged Property and AMC Theatres exercises its right to terminate its lease; and (C) thereafter the borrower elects to rebuild within the 5-year period following the AMC Theatres’ lease termination, and desires to sell or lease portions of the Mortgaged Property for the exhibition of motion pictures and the borrower has entered into negotiations with a third party for such sale or lease, then AMC Theaters has the exclusive right of first refusal to purchase or lease the offered premises on the same terms for a period of 45 days after such proposed new tenant’s receipt of the offered terms. The right of first refusal is not extinguished by foreclosure; however, the right of first refusal does not apply to a foreclosure or a deed in lieu of foreclosure. |
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(67) | For so long as one or more of Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”) or an affiliate of SPG LP or Simon Inc. is the nonrecourse carveout guarantor, the non-recourse carveout guarantor's aggregate liability is limited to 20% of the Whole Loan amount, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty. |
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(68) | The Mortgage Loan documents permit the borrower to deliver a letter of credit in lieu of any cash deposit required for any reserve requirements for the Monthly RE Tax Reserve ($), Monthly Insurance Reserve ($), Monthly Replacement / FF&E Reserve ($), and Monthly TI/LC Reserve ($). |
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(69) | The Mortgage Loan agreement permits the borrower to enter into a “Property-Assessed Clean Energy loan” (a “PACE Loan”) or any similar indebtedness for an amount not to exceed $5,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, which is (i) incurred for improvements to the Mortgaged Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Mortgaged Property. The lien resulting from any unpaid and delinquent payments under a PACE Loan would have property tax lien status. |
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(70) | In June 2022, the related borrower executed a 10-year lease with Primark to occupy 41,238 SF. The borrower is required to contribute approximately $4.8 million to build out the space, which is currently being built out. Approximately $1.9 million is outstanding in tenant allowances for the Primark space, which was not reserved at origination of the Concord Mills Whole Loan. As a result, Primark is not yet occupying its leased space or paying rent. Primark is expected to take occupancy of its leased space and begin paying rent in the fourth quarter of 2023. We cannot assure you whether or when the buildout of Primark’s leased space will be completed. Primark is not obligated to pay rent until the earlier of (i) 270 days after the date the landlord delivers the premises to Primark with landlord’s work substantially complete and (ii) the date Primark opens for business. The Primark lease provides that (i) the parties anticipate the delivery date will occur on November 1, 2022, which may be postponed by the landlord for 60 days by notice given within 60 days of the effective date of the lease (the foregoing date, as it may have been postponed in accordance with the lease, the “Projected Delivery Date”) and (ii) Primark will have the right to terminate its lease if for any reason (other than tenant-caused delays) the delivery date doesn’t occur by the date that is 365 days after the Projected Delivery Date. We cannot assure you that Primark will take occupancy of its space or begin paying rent as expected or at all. |
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(71) | The borrowers may prevent or stop the Lease Sweep Period commencing 12 months prior to the Stated Maturity Date by posting a letter of credit in an amount equal to $500,000, which required amount shall increase to $1,000,000 on the 6th Monthly Payment Date preceding the Stated Maturity Date. |
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(72) | Dent Neurological subleases 12,900 sq. ft. of its space to General Physician PC controlled by Kaleida Health at a rent of $28.18 modified gross with an expiration date of March 31, 2024. |
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(73) | The Largest Tenant, Dent Neurological, which leases approximately 88.6% of the net rentable area at the Dent Medical Center Mortgaged Property, is an affiliate of the borrowers and owns a 40% non-controlling ownership interest in Sheridan Properties III, LLC and a 60% non-controlling ownership interest in Sheridan Equity Partners I, LLC. |
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(74) | Monthly TI/LC reserves of approximately $13,083 will be required if funds in the TI/LC reserve are less than the TI/LC Cap of $1,000,000, including any upfront amounts deposited in the TI/LC account. |
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(75) | On each payment date, the greater of (a) the monthly amount required to be reserved pursuant to the approved management agreement or any replacement franchise or license agreement for the replacement of FF&E or (b) one-twelfth (1/12th) of 5% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in which the origination date occurs. The borrower will not be required to make the noted monthly deposit to the extent the following conditions are satisfied: (i) the equivalent deposits are paid by the borrower directly to, or withheld by, the property manager pursuant to the management agreement, (ii) the borrower provides the lender with evidence that such amounts have been reserved with the property manager and (iii) the management agreement is and continues to be in full force and effect and is not subject to any default beyond any applicable grace or notice and cure period by the borrower. |
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(76) | The Mortgage Loan is part of a Whole Loan that was co-originated by Goldman Sachs Bank USA, Societe Generale Financial Corporation and Bank of Montreal. |
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(77) | The borrower is required to deposit one-seventh (1/7th) of four percent (4%) of the gross annual operating income of the Mortgaged Properties (based on the prior year) into the FF&E Reserve on each payment date during the months of March, April, May, June, July, August and September. |
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(78) | The Mortgage Loan is part of a Whole Loan that was co-originated by Citi Real Estate Funding Inc., Bank of Montreal, and Barclays Capital Real Estate Inc. |
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(79) | 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 monthly 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 Bell Works Whole Loan for so long as such letter of credit remains outstanding. |
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(80) | 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 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 fifth 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. |
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(81) | A $850,000 credit for the $8,500,000 tenant improvement and leasing commissions escrow was underwritten on the Whole Loan. The $8,500,000 initial deposit was placed into a reserve and disbursements can be made for tenant improvements and leasing commissions. |
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(82) | Somerset Holmdel Development I Urban Renewal, L.P. entered into a master lease with Bell Works Master Tenant, LLC on December 14, 2017, for a 32-year term with an expiration date on December 14, 2049. |
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(83) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to potential income from vacant space and contractual rent steps. |
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(84) | With respect to PentaCentre Office, the Largest Tenant, Midland Credit Management, Inc. has a one-time right to terminate its lease effective July 31, 2023 by providing written notice prior to February 1, 2023 and paying a termination fee of approximately $1,266,805. |
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(85) | With respect to PentaCentre Office, the Second Largest Tenant by base rent, One10, LLC may terminate its lease on August 31, 2026 with 180 days’ prior written notice and payment of a termination fee equal to the sum of the unamortized amount of the allowance, free rent, and commissions, plus interest, plus two months base rent at the time. |
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(86) | With respect to PentaCentre Office, the Fourth Largest Tenant by base rent, EASI, LLC, has the one-time right to terminate its lease effective January 31, 2025 upon seven months’ prior notice to the related landlord and payment of a termination fee. |
(87) | With respect to PentaCentre Office, the Fifth Largest Tenant by base rent, Pulte Home Company, LLC, has the one-time right to terminate its lease in September 2025 upon six months’ prior notice to the related landlord and payment of a termination fee. |
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(88) | The Mortgaged Properties consist of (i) one unit in a two-unit retail condominium (ii) four units (two residential, one retail and one cellar) in a seven-unit mixed use condominium and (iii) a retail building. Please see “Description of the Mortgage Pool—Mortgage Pool Characteristics—Condominium Interests and Other Shared Interests” for additional information. |
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(89) | The Largest Tenant at the 1 Hanover Square Mortgaged Property, One Hanover LLC, has three various tenants (Harry's, Harry's Café, and Ulysses') that occupy, in the aggregate, 13,660 square feet. |
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(90) | The related borrower delivered to the lender a reserve guaranty (the “Reserve Guaranty”) from E. Stanley Kroenke. So long as no event of default exists under either the Mortgage Loan documents or the Reserve Guaranty, and the Reserve Guaranty remains in full force and effect, the related borrower will not be obligated to fund monthly reserves. If an event of default under the Mortgage Loan documents or under the Reserve Guaranty occurs or the Reserve Guaranty is no longer in full force and effect, the lender may require the related borrower to escrow monthly: (i) 1/12 of the annual estimated tax payments, (ii) 1/12 of the annual estimated insurance premiums, (iii) replacement reserves of $2,086.86, and (iv) tenant improvements and leasing commissions reserve of $9,333.33, subject to a cap of $700,000. |
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(91) | The liability of each of the two non-recourse carveout guarantors is several but not joint and is limited to the amounts of each guarantor’s pro rata share of the aggregate liability of all guarantors under the related Mortgage Loan documents. |
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(92) | The Upfront TI/LC Reserve means $300,000 at origination; provided that so long as there is no event of default and Stanley Kroenke is still a guarantor on the Mortgage Loan, the lender will allow the guarantor to personally guaranty tenant improvements and leasing commission reserves in lieu of cash escrows. The $300,000 guaranteed at origination was not collected. |
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(93) | The borrower is permitted to obtain mezzanine financing secured by direct or indirect ownership interests in the borrower subject to certain conditions, including, without limitation: (i) a combined maximum loan to value ratio of 60.0%, inclusive of the additional mezzanine debt, (ii) a combined debt service coverage ratio of 1.45x, inclusive of the additional mezzanine debt, calculated at the origination of the mezzanine loan, (iii) a combined debt yield at the origination of the mezzanine loan at least equal to 12.0%, inclusive of the additional mezzanine debt, (iv) the mezzanine loan is coterminous with the Peery Hotel Mortgage Loan; and (v) the mezzanine lender enters into an intercreditor agreement with the lender that is in form and substance acceptable to the lender and the applicable rating agencies. |
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(94) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to contractual increases in base rent for the Sole Tenant. |
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(95) | Ongoing reserves for TI/LCs will be waived if the sole tenant at the Bloomington IRS Mortgaged Property, IRS National Distribution, exercises its lease renewal option for an additional five year term prior to May 18, 2028. |
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(96) | The IPR Portfolio Mortgaged Properties have limited prior operating history as they are single tenant properties subject to absolute triple-net leases with the related tenant where the related borrower did not provide the related Mortgage Loan seller with historical financial information for each related Mortgaged Property. |
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(97) | Ongoing reserves for (i) TI/LCs and (ii) capital expenditures will be suspended so long as the DSCR is greater than or equal to 1.25x. At any time that the DSCR is less than 1.25x, (i) ongoing TI/LC reserves will commence at $0.35 per square foot per annum (collected on a monthly basis and initially estimated to be equal to approximately $9,574.28 per month) and (ii) ongoing capital expenditure reserves will commence at $0.32 per square foot per annum (collected on a monthly basis and initially estimated to be equal to approximately $8,753.63 per month). |
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(98) | The IPR Portfolio Mortgaged Properties consist of 307,538 square feet of industrial warehouse space and 20,703 square feet of office space. The 1468 West Hospital Road Mortgaged Property consists of 111,560 square feet of industrial warehouse space and 4,648 square feet of office space. The 4520 and 4804 North State Rd 37 Mortgaged Property consists of 109,712 square feet of industrial warehouse space and 3,393 square feet of office space. The 2531 Jewett Lane Mortgaged Property consists of 39,015 square feet of industrial warehouse space and 7,432 square feet of office space. The 4086 Michigan Ave Mortgaged Property consists of 47,251 square feet of industrial warehouse space and 5,250 square feet of office space. |
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(99) | The monthly FF&E expenditure amount means (i) $12,254.24 for the payment dates which occur in November 2022 through October 2023 and (ii) thereafter the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E or (b) one-twelfth (1/12th) of 4% of the operating income of the Mortgaged Property for the previous 12-month period as determined on the anniversary of the last day of the calendar month in which the origination date occurs. |
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(100) | The Largest Tenant – Prospero (Indigo Sublease), subleases 80,551 square feet from Indigo AG . The sublease expires on the earlier of February 28, 2027, or the date that the master lease is terminated. |
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(101) | The Third Largest Tenant – Indigo AG, has the right to terminate its lease on March 31, 2025 upon 180 days' notice plus payment of unamortized TI/LC's and legal fees. Prospero (Indigo Sublease) subleases its space from Indigo AG pursuant to a sublease which expires February 28, 2027 and, in connection therewith, Indigo AG has agreed not to exercise such termination option during the term of the sublease absent express written approval from Prospero (Indigo Sublease). |
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(102) | The Mortgaged Property is comprised of one office building totaling 174,700 SF of office space and an adjacent parking garage that includes 756 stalls which was not presented in Number of Units. |
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(103) | The collateral includes the borrowers’ leasehold interest in the Mortgaged Property in connection with two payments in lieu of taxes (the "Garage PILOT") and (the "Office PILOT") leases, and the Mortgage Loan is in part secured by the borrowers' leasehold interest in the Mortgaged Property. The lessor under the Garage PILOT lease is the Memphis City Center Revenue Finance Corporation and the lessee is Hertz Memphis Four, LLC. The lessor under the Office PILOT lease is the Memphis City Center Revenue Finance Corporation and the lessee is Hertz Memphis Three, LLC. The term of the leases is 30 years, which commenced on December 29, 1998. The PILOT leases will expire on December 31, 2028. The borrowers have the option to purchase the fee simple interest of the Mortgaged Property following the expiration of the PILOT arrangements for $1,000. At origination of the Mortgage Loan, the Memphis City Center Revenue Finance Corporation also delivered an accommodation mortgage in favor of the lender encumbering the fee interest in the Mortgaged Property, and the Mortgage Loan is in part secured by such interest in the Mortgaged Property. |
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(104) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 37th Ave Shopping Center Mortgaged Property is primarily attributable to contractual increases in rent and rent steps. |
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(105) | The TI/LC reserve is capped at $557,445 as long as the DSCR is greater or equal to 1.25x. |
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(106) | The Indiana Ardena Portfolio Mortgaged Properties have limited prior operating history as they were acquired by the related borrower within 12 calendar months prior to the cut-off date and such borrower was unable to provide the related Mortgage Loan seller with historical financial information for the TTM period. |
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(107) | The Second Largest Tenant at the Pavilions Shopping Center Mortgaged Property, St. Mary Medical Center, has a unilateral right to terminate its lease with 90 days’ prior written notice to the landlord. |
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(108) | The Fourth Largest Tenant at the 37th Ave Shopping Center Mortgaged Property, Order of AHEPA, may terminate its lease with 90 days’ prior written notice to the landlord if charity gaming laws change in a way that prohibits this business from operating. The Fifth Largest Tenant at the 37th Ave Shopping Center Mortgaged Property, the FSSA Family Services, has the right to terminate its lease if the Budget Director for the State of Indiana determines that funds are not appropriated or available to continue its performance. Additionally, the Indiana Family and Social Services Administration has a unilateral right to terminate its lease with 60 days’ prior written notice to the landlord. |
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(109) | The Largest Tenant, Lake Effect Furniture and Mattress, which leases approximately 51.1% of the net rentable area at the Mortgaged Property, is an affiliate of the borrower and owns a 9% non-controlling ownership interest in the borrower. |
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(110) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) at the 37th Ave Shopping Center Mortgaged Property is primarily attributable to a contractual rent step for the Largest Tenant, Lake Effect Furniture and Mattress |
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(111) | The TI/LC reserve is capped at $817,040 as long as the DSCR is greater or equal to 1.50x. |
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(112) | The largest tenant at the Mortgaged Property, Lake Effect Furniture and Mattress, has a right of first offer to purchase the Mortgaged Property; however, such tenant has executed a subordination, nondisturbance and attornment agreement providing that such right will not be exercisable in connection with a purchase of the Mortgaged Property at a foreclosure sale, a transfer of the Mortgaged Property to the lender or its designee pursuant to a deed-in-lieu of foreclosure or the initial subsequent sale of the Mortgaged Property by the lender or its designee after such foreclosure or deed-in-lieu of foreclosure. |
(113) | The Largest Tenant, Family Farm & Home, Inc., leases 149,586 square feet expiring January 31, 2027 and (ii) 13,500 square feet expiring on a month-to-month basis. The Second Largest Tenant, Elyria Foundry Company, leases (i) 121,608 square feet expiring September 30, 2024 and (ii) 23,679 square feet expiring November 30, 2022. The Third Largest Tenant, M.P.&A. North, Inc., leases (i) 83,576 square feet expiring June 30, 2025, (ii) 22,353 square feet expiring June 30, 2023 and (iii) 12,000 square feet expiring January 31, 2023. |
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(114) | The Underwritten Net Operating Income ($) is over 10% higher than Most Recent NOI ($), primarily driven by the Largest Tenant's, Charter Communications, expansion into suites, which were underwritten as in place beginning September 2022. |
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(115) | The borrower is required under the Mortgage Loan documents to make monthly deposits of $2,534 into the TI/LC Reserve account commencing on October 1, 2025. |
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(116) | The appraised value for the 325 West Main Street Mortgaged Loan reflects the "Prospective Market Value Upon Completion", which appraised value is inclusive of the conversion of the Mortgaged Property from a Comfort Suites to a Holiday Inn Express along with planned renovation from which the Mortgage Property would benefit. Based on the "as-is" appraised value equal to $7,800,000, the Cut-off Date LTV is 73.6% and Maturity Date LTV is 61.9%. |
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(117) | A Cash Management Trigger Period will commence upon, among other events, the debt service coverage ratio being less than (A) 1.20x, provided that each of the following conditions are met: (i) the debt service coverage ratio is calculated on or before March 6, 2023, (ii) the Franchise Conversion Conditions are in process and (iii) the funds deposited in the debt service reserve account in accordance with the terms of the 325 West Main Street Mortgage Loan documents have not been released, or (B) 1.25x. The “Franchise Conversion Conditions” mean the following conditions have been satisfied: (i) the Mortgaged Property is “flagged”, operated and branded pursuant to a franchise agreement entered into in accordance with the terms of the 325 West Main Street Mortgage Loan documents, (ii) a comfort letter is issued and addressed to the lender, and (iii) the opening of the Mortgaged Property as a hotel in accordance with such franchise agreement. |
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(118) | The Mortgaged Property is in the process of being converted from a Comfort Suites hotel franchise flag to a Holiday Inn Express hotel franchise flag. The Comfort Suites franchise agreement expires March 6, 2028 and grants the related borrower the option to terminate after the 15th year upon 12 months’ notice. In connection with the conversion of the Mortgaged Property from a Comfort Suites to a Holiday Inn Express, the related borrower exercised its right to terminate the Comfort Suites franchise agreement effective as of March 5, 2023. The related borrower has entered into a new 15-year franchise agreement pursuant to which the Mortgaged Property may be operated as a Holiday Inn Express provided that, among other conditions, the Mortgaged Property opens as a Holiday Inn Express on or before April 1, 2023. The franchise agreement expiration date under the Holiday Inn Express franchise agreement is 15 years from the date of conversion and the conversion is expected to be finalized in March 2023. As such the franchise agreement expiration date is anticipated to be sometime in March 2038. We cannot assure you that these renovations will be completed as expected and/or whether the term under the Holiday Inn Express franchise agreement will commence as anticipated. |
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(119) | 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 defined below) 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 1/12th of the applicable FF&E Percentage (as defined below) of the greater of (x) 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 and (y) the projected annual gross revenues for the hotel related operations at the Mortgaged Property as set forth in the approved annual budget. The "FF&E Percentage" means (i) from the origination date through and including the 12th monthly payment date, zero percent, (ii) from the 13th monthly payment date through and including the 24th monthly payment date, two percent, (iii) from the 25th monthly payment date through and including the 36th monthly payment date, three percent, and (iv) thereafter for so long as the 325 West Main Street Mortgage Loan is outstanding, four percent. |