| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-257737-07 |
BBCMS 2023-C19 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-257737) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Barclays Capital Inc., SG Americas Securities, LLC, KeyBanc Capital Markets Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., Bancroft Capital, LLC and Drexel Hamilton, LLC. or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting a offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State |
| 1 | 25 | |||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | 7.7% | 100.0% | GSBI, DBNY | GACC | Group A | NAP | 7014 East Camelback Road | Scottsdale | Maricopa | AZ |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 7.7% | 100.0% | GSBI | AREF2, BMO | NAP | NAP | 8687 and 8661 Melrose Avenue and 700 North San Vicente Boulevard | West Hollywood | Los Angeles | CA |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 6.4% | 100.0% | SMC | SMC | NAP | NAP | 2 Executive Drive | Fort Lee | Bergen | NJ |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 5.9% | 100.0% | Barclays, SGFC | Barclays, SGFC | NAP | NAP | 100, 200, 300, 400 and 600 Premium Outlets Drive | Blackwood | Camden | NJ |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 5.7% | 100.0% | AREF | AREF | NAP | NAP | 1110 West Merrill Avenue | Rialto | San Bernardino | CA |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | 5.5% | 100.0% | GSBI, MSBNA, BMO, DBRI | BMO, GACC | Group A | NAP | 2034 Green Acres Road | Valley Stream | Nassau | NY |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | 4.7% | 100.0% | SGFC | SGFC | NAP | NAP | 13820 Sunrise Valley Drive | Herndon | Fairfax | VA |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | 4.7% | 100.0% | Barclays | Barclays | NAP | NAP | 4600, 4608, 4720, 4750 Bryant Irvin Road | Fort Worth | Tarrant | TX |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | 4.6% | BCREI, BANA, WFBNA, CREFI | Barclays | NAP | NAP | Various | Various | Various | Various | |
| 9.01 | Property | 1 | 401-405 Colorado | 1.2% | 25.6% | 401-405 Colorado Street | Austin | Travis | TX | |||||
| 9.02 | Property | 1 | 1900 Market | 1.1% | 25.2% | 1900 Market Street | Philadelphia | Philadelphia | PA | |||||
| 9.03 | Property | 1 | The Bulletin Building | 0.9% | 20.2% | 3025 Market Street | Philadelphia | Philadelphia | PA | |||||
| 9.04 | Property | 1 | Four Points Centre 3 | 0.4% | 9.4% | 11120 Four Points Drive | Austin | Travis | TX | |||||
| 9.05 | Property | 1 | 500 North Gulph | 0.3% | 6.6% | 500 North Gulph Road | King of Prussia | Montgomery | PA | |||||
| 9.06 | Property | 1 | Metroplex – PA | 0.3% | 6.6% | 4000 Chemical Road | Plymouth Meeting | Montgomery | PA | |||||
| 9.07 | Property | 1 | 933 First Avenue | 0.3% | 6.5% | 933 First Avenue | King of Prussia | Montgomery | PA | |||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 4.5% | 100.0% | AREF2, JPMCB | AREF2 | NAP | NAP | 100 Jefferson Road | Parsippany | Morris | NJ |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | 3.7% | 100.0% | LMF | LMF | NAP | NAP | 5100 Lake Terrace Northeast | Mount Vernon | Jefferson | IL |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 3.5% | 100.0% | GACC | GACC | NAP | NAP | 1050 1st Street Northeast | Washington | District of Columbia | DC |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 3.4% | 100.0% | SGFC, CREFI | SGFC | NAP | NAP | 575 Broadway | New York | New York | NY |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 3.3% | 100.0% | Arbor | BMO | NAP | NAP | 350 Clarks Pond Parkway | Portland | Cumberland | ME |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | 3.1% | 100.0% | SGFC | SGFC | NAP | NAP | 100, 110 and 120 North Main Street | Bryan | Brazos | TX |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 2.8% | 100.0% | Barclays | Barclays | NAP | NAP | 801 Boardwalk | Atlantic City | Atlantic | NJ |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 2.7% | 100.0% | Barclays | Barclays | NAP | NAP | 11400 Southeast 8th Street | Bellevue | King | WA |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 2.6% | WFBNA, KeyBank | KeyBank | NAP | NAP | Various | Various | Various | Various | |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | 0.4% | 16.1% | 50 Rausch Creek Road | Tremont | Schuylkill | PA | |||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | 0.3% | 13.1% | 2306 Enterprise Drive | Durant | Bryan | OK | |||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | 0.2% | 5.7% | 505 Pegasus Parkway | LaGrange | Troup | GA | |||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | 0.1% | 4.2% | 1017 Corporate Park Drive | Mebane | Alamance | NC | |||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | 0.1% | 4.1% | 201 Kid Ellis Road | Mulberry | Polk | FL | |||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | 0.1% | 3.9% | 1003 Allison Avenue, 1010 Manvel Avenue, 915 Allison Avenue and 1023 Allison Avenue | Chandler | Lincoln | OK | |||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | 0.1% | 3.3% | 13220-13222 San Pablo Avenue | San Pablo | Contra Costa | CA | |||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | 0.1% | 3.2% | 5600 Broken Sound Boulevard | Boca Raton | Palm Beach | FL | |||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | 0.1% | 3.0% | 5645-5677 East Kings Canyon Road | Fresno | Fresno | CA | |||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | 0.1% | 2.5% | 1000 El Cerrito Plaza | El Cerrito | Contra Costa | CA | |||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | 0.1% | 2.4% | 4555 North Pershing Avenue | Stockton | San Joaquin | CA | |||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | 0.1% | 2.2% | 801 Oakdale Road | Modesto | Stanislaus | CA | |||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | 0.1% | 2.1% | 2054 Nevada City Highway | Grass Valley | Nevada | CA | |||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | 0.1% | 2.1% | 4010, 4040, 4120, 4190 North West Avenue | Fresno | Fresno | CA | |||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | 0.1% | 1.9% | 2920 East Whitmore Avenue | Ceres | Stanislaus | CA | |||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | 0.1% | 1.9% | 6465 Niles Street | Bakersfield | Kern | CA | |||||
| 18.17 | Property | 1 | Big Y - Milford, CT | 0.0% | 1.9% | 150 Boston Post Road | Milford | New Haven | CT | |||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | 0.0% | 1.7% | 9750 Pyramid Lakes Highway | Sparks | Washoe | NV | |||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | 0.0% | 1.7% | 875 South Tracy Boulevard | Tracy | San Joaquin | CA | |||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | 0.0% | 1.6% | 1003 East Bidwell | Folsom | Sacramento | CA | |||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | 0.0% | 1.6% | 2005 North Tracy Boulevard | Tracy | San Joaquin | CA | |||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | 0.0% | 1.5% | 1346 Trancas Street | Napa | Napa | CA | |||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | 0.0% | 1.3% | 205 Northwest 2nd Street and 308 1st Avenue Northwest | Mulberry | Polk | FL | |||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | 0.0% | 1.3% | 146 West East Avenue | Chico | Butte | CA | |||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | 0.0% | 1.3% | 1223 North Davis Road | Salinas | Monterey | CA | |||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | 0.0% | 1.2% | 909 Sierra Street | Kingsburg | Fresno | CA | |||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | 0.0% | 1.2% | 1157 North Willow Avenue | Clovis | Fresno | CA | |||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | 0.0% | 1.1% | 2179 Shaw Avenue | Clovis | Fresno | CA | |||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | 0.0% | 1.1% | 777 East Monte Vista Avenue | Vacaville | Solano | CA | |||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | 0.0% | 1.1% | 9160 Elk Grove Florin Road | Elk Grove | Sacramento | CA | |||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | 0.0% | 1.0% | 1172 North Main Street | Manteca | San Joaquin | CA | |||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | 0.0% | 1.0% | 5750 North 1st Street | Fresno | Fresno | CA | |||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | 0.0% | 1.0% | 530 West Lodi Avenue | Lodi | San Joaquin | CA | |||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | 0.0% | 0.9% | 565 East Prater Way | Sparks | Washoe | NV | |||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | 0.0% | 0.9% | 3325 US Highway 50 | Carson City | Carson City | NV | |||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | 0.0% | 0.8% | 4055 MacArthur Boulevard | Oakland | Alameda | CA | |||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | 0.0% | 0.8% | 275 East Forest Avenue | Coalinga | Fresno | CA | |||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | 0.0% | 0.8% | 828 J Street | Marysville | Yuba | CA | |||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | 0.0% | 0.7% | 11980 State Highway 88 | Jackson | Amador | CA | |||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | 0.0% | 0.5% | 200 Phosphate Boulevard North | Mulberry | Polk | FL | |||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | 0.0% | 0.1% | 168 Phosphate Boulevard North | Mulberry | Polk | FL | |||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | 0.0% | 0.1% | 503 Phosphate Boulevard North | Mulberry | Polk | FL | |||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 2.1% | 100.0% | AREF2 | AREF2 | NAP | NAP | 17474-17568 Yorba Linda Boulevard | Yorba Linda | Orange | CA |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 1.6% | BMO | BMO | NAP | NAP | Various | Various | Various | Various | |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | 0.3% | 21.2% | 1201 North Woodbine Road | Saint Joseph | Buchanan | MO | |||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | 0.3% | 19.0% | 300 3rd Street | Sioux City | Woodbury | IA | |||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | 0.3% | 16.7% | 2601 South Providence Road | Columbia | Boone | MO | |||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | 0.2% | 12.0% | 5291 Stoney Creek Court | Johnston | Polk | IA | |||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | 0.2% | 10.1% | 940 Galena Square Drive | Galena | Jo Daviess | IL | |||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | 0.1% | 7.9% | 101 18th Street | Moline | Rock Island | IL | |||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | 0.1% | 7.2% | 101 Mariners Way | East Peoria | Tazewell | IL | |||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | 0.1% | 5.9% | 3809 Broadway Street | Quincy | Adams | IL | |||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | 1.4% | BMO | BMO | NAP | NAP | Various | Various | Various | Various | |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | 0.5% | 38.5% | 2522 West 21st Street | Chanute | Neosho | KS | |||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | 0.4% | 28.2% | 500 Industrial Road A | Grove | Delaware | OK | |||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | 0.4% | 26.2% | 801 West Old 56 Highway | Olathe | Johnson | KS | |||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | 0.1% | 7.1% | 615 West Cherry Street | Chanute | Neosho | KS |
| A-1-1 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State |
| 1 | 25 | |||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 1.3% | 100.0% | SGFC | SGFC | NAP | NAP | 9750 Key Pointe Avenue | Hesperia | San Bernardino | CA |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 1.2% | 100.0% | SGFC | SGFC | Group C | NAP | 12051 Retail Drive | Wake Forest | Wake | NC |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 1.2% | 100.0% | LMF | LMF | NAP | NAP | 300 Bent Creek Boulevard | Mechanicsburg | Cumberland | PA | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 1.2% | 100.0% | SGFC | SGFC | NAP | NAP | 2707 North Garey Avenue | Pomona | Los Angeles | CA |
| 26 | Loan | 2 | 1 | Downtown Frederick | 0.9% | 100.0% | SGFC | SGFC | NAP | NAP | 10 South Market Street, 17-19, 37-39, 213-215 North Market Street, 11-13, 24-26, 100-102 and 116-118 East Patrick Street | Frederick | Frederick | MD |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 0.9% | 100.0% | SGFC | SGFC | Group C | NAP | 190 South Equity Drive | Smithfield | Johnston | NC |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 0.9% | LMF | LMF | Group B | NAP | Various | Philadelphia | Philadelphia | PA | |
| 28.01 | Property | 1 | 902 Spruce Street | 0.3% | 31.8% | 902 Spruce Street | Philadelphia | Philadelphia | PA | |||||
| 28.02 | Property | 1 | 2027 Pine Street | 0.2% | 21.4% | 2027 Pine Street | Philadelphia | Philadelphia | PA | |||||
| 28.03 | Property | 1 | 750-752 South Martin Street | 0.2% | 17.8% | 750-752 South Martin Street | Philadelphia | Philadelphia | PA | |||||
| 28.04 | Property | 1 | 716 South Street | 0.2% | 17.6% | 716 South Street | Philadelphia | Philadelphia | PA | |||||
| 28.05 | Property | 1 | 716 South 2nd Street | 0.1% | 11.4% | 716 South 2nd Street | Philadelphia | Philadelphia | PA | |||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 0.9% | 100.0% | AREF2 | AREF2 | NAP | NAP | 290 East Aurora Road | Northfield | Summit | OH |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | 0.8% | 100.0% | SMC | SMC | NAP | NAP | 1290 Fulton Street | Brooklyn | Kings | NY |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | 0.7% | LMF | LMF | Group B | NAP | Various | Brooklyn | Kings | NY | |
| 31.01 | Property | 1 | 372 Baltic Street | 0.4% | 57.0% | 372 Baltic Street | Brooklyn | Kings | NY | |||||
| 31.02 | Property | 1 | 350 5th Street | 0.3% | 43.0% | 350 5th Street | Brooklyn | Kings | NY | |||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 0.7% | 100.0% | LMF | LMF | Group B | NAP | 566 7th Street | Brooklyn | Kings | NY |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 0.6% | 100.0% | KeyBank | KeyBank | NAP | NAP | 1745 Illinois Route 59 | Plainfield | Will | IL |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 0.5% | LMF | LMF | NAP | NAP | Various | Various | Various | Various | |
| 34.01 | Property | 1 | Sherrill MHC | 0.1% | 18.7% | 15 Higdon Loop | Andrews | Cherokee | NC | |||||
| 34.02 | Property | 1 | Ashburn MHC | 0.1% | 18.3% | 1657 Joe Lawrence Road | Ashburn | Turner | GA | |||||
| 34.03 | Property | 1 | Lyons MHC | 0.1% | 14.8% | 254 East Clifton Avenue | Lyons | Toombs | GA | |||||
| 34.04 | Property | 1 | Brookwood MHC | 0.1% | 11.8% | 15928 Dean Drive | Brookwood | Tuscaloosa | AL | |||||
| 34.05 | Property | 1 | Mapletree MHC | 0.1% | 10.5% | 3605 County Road 47 | Clanton | Chilton | AL | |||||
| 34.06 | Property | 1 | Clanton MHC | 0.0% | 7.7% | 20355 Alabama Highway 22 | Clanton | Chilton | AL | |||||
| 34.07 | Property | 1 | Fort Valley MHC | 0.0% | 4.5% | 501 Green Street | Fort Valley | Peach | GA | |||||
| 34.08 | Property | 1 | Abbeville MHC | 0.0% | 4.3% | 1201 Secession Avenue | Abbeville | Abbeville | SC | |||||
| 34.09 | Property | 1 | Rainelle MHC | 0.0% | 3.7% | 1 Ohio Avenue | Rainelle | Greenbrier | WV | |||||
| 34.10 | Property | 1 | Fitzgerald MHC | 0.0% | 3.0% | 115 Rip Wiley Road | Fitzgerald | Ben Hill | GA | |||||
| 34.11 | Property | 1 | Verbena MHC | 0.0% | 2.6% | 5125 County Road 24 | Verbena | Chilton | AL | |||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 0.4% | KeyBank | KeyBank | NAP | NAP | Various | Various | Various | Various | |
| 35.01 | Property | 1 | CVS – Fredericksburg | 0.2% | 53.1% | 10805 Tidewater Trail | Fredericksburg | Spotsylvania | VA | |||||
| 35.02 | Property | 1 | CVS – Haughton | 0.2% | 46.9% | 998 US Highway 80 | Haughton | Bossier Parish | LA | |||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 0.3% | 100.0% | LMF | LMF | Group B | NAP | 60 Diamond Street | Brooklyn | Kings | NY |
| A-1-2 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % |
| 2 | 2 | 3 | 7 | 6, 7 | 6, 7 | 6, 7 | ||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | 85251 | Retail | Super Regional Mall | 1961, 1977, 1982, 1992, 1996, 2006, 2015 | 1991, 2017-2020, 2023-2024 | 1,555,459 | SF | 450.03 | 65,000,000 | 65,000,000 | 65,000,000 | 6.21425% |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 90069 | Mixed Use | Office / Showroom / Lab | 1975, 1988 | 2004 | 1,053,217 | SF | 232.62 | 65,000,000 | 65,000,000 | 65,000,000 | 5.94107142857143% |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 07024 | Mixed Use | Office / Multifamily | 1986 | 2020-2022 | 290,922 | SF | 187.34 | 54,500,000 | 54,500,000 | 54,500,000 | 6.21900% |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 08012 | Retail | Outlet Center | 2015 | NAP | 378,515 | SF | 198.14 | 50,000,000 | 50,000,000 | 50,000,000 | 6.12400% |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 92376 | Industrial | Warehouse / Distribution | 1989 | 2020 | 1,106,124 | SF | 163.63 | 48,000,000 | 48,000,000 | 48,000,000 | 7.61000% |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | 11581 | Retail | Regional Mall | 1956, 2016 | 1982, 2006, 2007 | 2,081,286 | SF | 177.77 | 46,500,000 | 46,500,000 | 46,500,000 | 5.89900% |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | 20171 | Office | Suburban | 2008 | 2020 | 269,873 | SF | 224.18 | 40,000,000 | 40,000,000 | 40,000,000 | 6.05800% |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | 76132 | Retail | Anchored | 1986 | 2017 | 376,764 | SF | 106.17 | 40,000,000 | 40,000,000 | 40,000,000 | 6.00000% |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | Various | Office | Various | Various | Various | 1,443,002 | SF | 169.78 | 38,750,001 | 38,750,001 | 38,750,001 | 5.87500% |
| 9.01 | Property | 1 | 401-405 Colorado | 78701 | Office | CBD | 2021 | NAP | 205,803 | SF | 9,914,939 | 9,914,939 | 9,914,939 | |||
| 9.02 | Property | 1 | 1900 Market | 19103 | Office | CBD | 1981 | 2015 | 456,922 | SF | 9,759,148 | 9,759,148 | 9,759,148 | |||
| 9.03 | Property | 1 | The Bulletin Building | 19104 | Office | CBD | 1953 | 2018-2020 | 282,709 | SF | 7,817,852 | 7,817,852 | 7,817,852 | |||
| 9.04 | Property | 1 | Four Points Centre 3 | 78726 | Office | Suburban | 2019 | NAP | 164,818 | SF | 3,644,714 | 3,644,714 | 3,644,714 | |||
| 9.05 | Property | 1 | 500 North Gulph | 19406 | Office | Suburban | 1979 | 2019 | 100,820 | SF | 2,549,750 | 2,549,750 | 2,549,750 | |||
| 9.06 | Property | 1 | Metroplex – PA | 19462 | Office | Suburban | 2007 | NAP | 120,877 | SF | 2,539,311 | 2,539,311 | 2,539,311 | |||
| 9.07 | Property | 1 | 933 First Avenue | 19406 | Office | Suburban | 2017 | NAP | 111,053 | SF | 2,524,286 | 2,524,286 | 2,524,286 | |||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 07054 | Industrial | Warehouse / Distribution | 1957, 1998 | 2020-2023 | 558,930 | SF | 174.44 | 38,000,000 | 38,000,000 | 38,000,000 | 7.26000% |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | 62864 | Industrial | Warehouse / Distribution | 1990 | 2000 | 724,424 | SF | 43.07 | 31,200,000 | 31,200,000 | 31,200,000 | 6.14000% |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 20002 | Office | CBD | 2013 | NAP | 283,915 | SF | 366.31 | 30,000,000 | 30,000,000 | 30,000,000 | 6.05000% |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 10012 | Mixed Use | Retail / Office | 1882 | 2015 | 176,648 | SF | 718.04 | 28,700,000 | 28,573,776 | 26,505,624 | 7.49000% |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 04106 | Multifamily | Mid Rise | 2020-2021 | NAP | 256 | Units | 215,593.75 | 28,192,000 | 28,192,000 | 28,192,000 | 4.92000% |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | 77803 | Other | Data Center | 1919, 1938, 1967 | 2005, 2007, 2016 | 69,788 | SF | 378.29 | 26,400,000 | 26,400,000 | 26,400,000 | 7.06200% |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 08401 | Hospitality | Full Service | 1988 | 1995, 2003, 2007, 2016, 2021-2022 | 475 | Rooms | 101,766.04 | 23,750,000 | 23,671,096 | 21,135,132 | 7.79500% |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 98004 | Office | Suburban | 1986 | 2014, 2021 | 114,396 | SF | 198.87 | 22,750,000 | 22,750,000 | 22,750,000 | 5.74200% |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | Various | Various | Various | Various | Various | 6,470,388 | SF | 52.55 | 22,500,000 | 22,500,000 | 22,500,000 | 6.13800% |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | 17981 | Industrial | Warehouse / Distribution | 2000 | NAP | 1,294,548 | SF | 3,627,000 | 3,627,000 | 3,627,000 | |||
| 18.02 | Property | 1 | Big Lots - Durant, OK | 74701 | Industrial | Warehouse / Distribution | 2003 | NAP | 1,296,562 | SF | 2,953,059 | 2,953,059 | 2,953,059 | |||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | 30240 | Industrial | Warehouse / Distribution | 2015 | NAP | 537,855 | SF | 1,289,647 | 1,289,647 | 1,289,647 | |||
| 18.04 | Property | 1 | Badcock - Mebane, NC | 27302 | Industrial | Warehouse / Distribution | 2004 | 2019 | 369,420 | SF | 952,412 | 952,412 | 952,412 | |||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | 33860 | Industrial | Warehouse / Distribution | 1991 | 2002 | 371,240 | SF | 928,059 | 928,059 | 928,059 | |||
| 18.06 | Property | 1 | NAICO - Chandler, OK | 74834 | Office | Suburban | 1920 | 2022 | 158,430 | SF | 882,000 | 882,000 | 882,000 | |||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | 94806 | Retail | Single Tenant | 1973 | NAP | 109,876 | SF | 744,882 | 744,882 | 744,882 | |||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | 33487 | Office | Suburban | 1981 | 2022 | 139,785 | SF | 720,529 | 720,529 | 720,529 | |||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | 93727 | Retail | Single Tenant | 1981 | 2007, 2008 | 186,652 | SF | 680,824 | 680,824 | 680,824 | |||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | 94530 | Retail | Single Tenant | 2001 | NAP | 66,778 | SF | 565,941 | 565,941 | 565,941 | |||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | 95207 | Retail | Single Tenant | 1978 | 2001 | 119,916 | SF | 536,824 | 536,824 | 536,824 | |||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | 95355 | Retail | Single Tenant | 2001 | NAP | 54,605 | SF | 491,294 | 491,294 | 491,294 | |||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | 95945 | Retail | Single Tenant | 1990 | NAP | 43,737 | SF | 477,000 | 477,000 | 477,000 | |||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | 93705 | Retail | Single Tenant | 1978 | 1996, 2004, 2015 | 148,270 | SF | 473,294 | 473,294 | 473,294 | |||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | 95307 | Retail | Single Tenant | 1980 | 2004 | 116,789 | SF | 437,824 | 437,824 | 437,824 | |||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | 93306 | Retail | Single Tenant | 1979 | NAP | 68,337 | SF | 428,294 | 428,294 | 428,294 | |||
| 18.17 | Property | 1 | Big Y - Milford, CT | 06460 | Retail | Single Tenant | 2019 | NAP | 55,000 | SF | 424,059 | 424,059 | 424,059 | |||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | 89441 | Retail | Single Tenant | 1999 | 2018 | 52,368 | SF | 381,706 | 381,706 | 381,706 | |||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | 95376 | Retail | Single Tenant | 1997 | NAP | 61,660 | SF | 374,824 | 374,824 | 374,824 | |||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | 95630 | Retail | Single Tenant | 1990 | NAP | 49,769 | SF | 366,353 | 366,353 | 366,353 | |||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | 95376 | Retail | Single Tenant | 1966 | NAP | 149,631 | SF | 358,941 | 358,941 | 358,941 | |||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | 94558 | Retail | Single Tenant | 1969 | 1989 | 51,845 | SF | 326,647 | 326,647 | 326,647 | |||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | 33860 | Industrial | Warehouse / Distribution | 1964 | 1992 | 184,000 | SF | 301,765 | 301,765 | 301,765 | |||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | 95926 | Retail | Single Tenant | 1989 | 2001 | 42,294 | SF | 283,235 | 283,235 | 283,235 | |||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | 93907 | Retail | Single Tenant | 1998 | 2012 | 62,565 | SF | 282,176 | 282,176 | 282,176 | |||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | 93631 | Retail | Single Tenant | 1999 | NAP | 41,368 | SF | 278,471 | 278,471 | 278,471 | |||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | 93611 | Retail | Single Tenant | 2002 | NAP | 50,918 | SF | 276,353 | 276,353 | 276,353 | |||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | 93611 | Retail | Single Tenant | 1984 | 2002 | 52,576 | SF | 256,765 | 256,765 | 256,765 | |||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | 95688 | Retail | Single Tenant | 1988 | NAP | 42,630 | SF | 253,588 | 253,588 | 253,588 | |||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | 95624 | Retail | Single Tenant | 1994 | NAP | 45,642 | SF | 250,412 | 250,412 | 250,412 | |||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | 95336 | Retail | Single Tenant | 1984 | NAP | 35,312 | SF | 231,882 | 231,882 | 231,882 | |||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | 93710 | Retail | Single Tenant | 1994 | NAP | 58,360 | SF | 219,706 | 219,706 | 219,706 | |||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | 95240 | Retail | Single Tenant | 1996 | NAP | 50,342 | SF | 217,059 | 217,059 | 217,059 | |||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | 89431 | Retail | Single Tenant | 1993 | NAP | 47,404 | SF | 205,412 | 205,412 | 205,412 | |||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | 89701 | Retail | Single Tenant | 1995 | NAP | 52,079 | SF | 193,765 | 193,765 | 193,765 | |||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | 94619 | Retail | Single Tenant | 1965 | NAP | 21,258 | SF | 179,471 | 179,471 | 179,471 | |||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | 93210 | Retail | Single Tenant | 2006 | NAP | 49,749 | SF | 173,647 | 173,647 | 173,647 | |||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | 95901 | Retail | Single Tenant | 1973 | NAP | 30,080 | SF | 171,529 | 171,529 | 171,529 | |||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | 95642 | Retail | Single Tenant | 1994 | NAP | 40,593 | SF | 157,765 | 157,765 | 157,765 | |||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | 33860 | Office | Suburban | 1915 | 1986 | 42,750 | SF | 109,588 | 109,588 | 109,588 | |||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | 33860 | Industrial | Flex | 1912 | 1954 | 8,270 | SF | 22,765 | 22,765 | 22,765 | |||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | 33860 | Industrial | Warehouse / Distribution | 1978 | NAP | 9,125 | SF | 13,235 | 13,235 | 13,235 | |||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 92886 | Retail | Anchored | 1963 | 1982, 2013, 2022 | 105,106 | SF | 173.63 | 18,250,000 | 18,250,000 | 18,250,000 | 6.43000% |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | Various | Hospitality | Limited Service | Various | NAP | 1,085 | Rooms | 28,479.26 | 13,900,000 | 13,900,000 | 12,665,167 | 6.44000% |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | 64506 | Hospitality | Limited Service | 2002 | NAP | 129 | Rooms | 2,945,091 | 2,945,091 | 2,683,458 | |||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | 51101 | Hospitality | Limited Service | 2009 | NAP | 161 | Rooms | 2,646,848 | 2,646,848 | 2,411,710 | |||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | 65203 | Hospitality | Limited Service | 2003 | NAP | 180 | Rooms | 2,327,913 | 2,327,913 | 2,121,108 | |||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | 50131 | Hospitality | Limited Service | 2001 | NAP | 164 | Rooms | 1,664,401 | 1,664,401 | 1,516,541 | |||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | 61036 | Hospitality | Limited Service | 1996 | NAP | 75 | Rooms | 1,410,693 | 1,410,693 | 1,285,371 | |||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | 61265 | Hospitality | Limited Service | 2005 | NAP | 140 | Rooms | 1,091,307 | 1,091,307 | 994,359 | |||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | 61611 | Hospitality | Limited Service | 2000 | NAP | 164 | Rooms | 998,641 | 998,641 | 909,925 | |||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | 62305 | Hospitality | Limited Service | 1998 | NAP | 72 | Rooms | 815,107 | 815,107 | 742,695 | |||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | Various | Industrial | Manufacturing | Various | Various | 785,000 | SF | 77.83 | 11,500,000 | 11,500,000 | 11,500,000 | 6.80500% |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | 66720 | Industrial | Manufacturing | 1992, 2017, 2020 | NAP | 300,000 | SF | 4,425,926 | 4,425,926 | 4,425,926 | |||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | 74344 | Industrial | Manufacturing | 1969, 2001, 2011, 2014 | 2012, 2017, 2018 | 220,000 | SF | 3,240,741 | 3,240,741 | 3,240,741 | |||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | 66061 | Industrial | Manufacturing | 2016 | NAP | 205,000 | SF | 3,018,519 | 3,018,519 | 3,018,519 | |||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | 66720 | Industrial | Manufacturing | 1968, 1984, 1995 | 2023 | 60,000 | SF | 814,815 | 814,815 | 814,815 |
| A-1-3 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % |
| 2 | 2 | 3 | 7 | 6, 7 | 6, 7 | 6, 7 | ||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 92345 | Hospitality | Limited Service | 2002 | 2016 | 100 | Rooms | 113,000.00 | 11,300,000 | 11,300,000 | 9,939,378 | 7.31500% |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 27587 | Hospitality | Limited Service | 2019 | NAP | 90 | Rooms | 115,555.56 | 10,400,000 | 10,400,000 | 9,053,881 | 6.92200% |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 17050 | Hospitality | Extended Stay | 2018 | NAP | 89 | Rooms | 112,359.55 | 10,000,000 | 10,000,000 | 9,455,357 | 6.84000% | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 91767 | Industrial | Warehouse / Distribution | 1950 | 2010 | 88,444 | SF | 110.80 | 9,800,000 | 9,800,000 | 9,800,000 | 6.57000% |
| 26 | Loan | 2 | 1 | Downtown Frederick | 21701 | Mixed Use | Multifamily / Retail | 1850, 1860, 1864, 1866, 1890, 1900 | 2000, 2004, 2006, 2007, 2010, 2014 | 52 | Units | 152,307.69 | 7,920,000 | 7,920,000 | 7,920,000 | 6.72000% |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 27577 | Hospitality | Limited Service | 2012 | 2018-2019 | 80 | Rooms | 95,000.00 | 7,600,000 | 7,600,000 | 6,635,711 | 7.03200% |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | Various | Various | Various | Various | Various | 28 | Units | 270,714.29 | 7,580,000 | 7,580,000 | 7,580,000 | 7.00000% |
| 28.01 | Property | 1 | 902 Spruce Street | 19107 | Multifamily | Low Rise | 1911 | 2022 | 8 | Units | 2,410,000 | 2,410,000 | 2,410,000 | |||
| 28.02 | Property | 1 | 2027 Pine Street | 19103 | Multifamily | Mid Rise | 1890 | 2022 | 6 | Units | 1,620,000 | 1,620,000 | 1,620,000 | |||
| 28.03 | Property | 1 | 750-752 South Martin Street | 19146 | Multifamily | Low Rise | 1915 | 2022 | 6 | Units | 1,350,000 | 1,350,000 | 1,350,000 | |||
| 28.04 | Property | 1 | 716 South Street | 19147 | Mixed Use | Multifamily / Retail | 1900 | 2023 | 4 | Units | 1,335,000 | 1,335,000 | 1,335,000 | |||
| 28.05 | Property | 1 | 716 South 2nd Street | 19147 | Multifamily | Low Rise | 1915 | 2022 | 4 | Units | 865,000 | 865,000 | 865,000 | |||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 44067 | Retail | Single Tenant | 2003 | NAP | 62,973 | SF | 117.51 | 7,400,000 | 7,400,000 | 6,733,674 | 7.25000% |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | 11216 | Mixed Use | Office / Retail | 1910 | 1989 | 10,449 | SF | 617.28 | 6,450,000 | 6,450,000 | 6,450,000 | 5.47000% |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | Various | Multifamily | Mid Rise | Various | 2022 | 16 | Units | 392,187.50 | 6,275,000 | 6,275,000 | 6,275,000 | 7.12000% |
| 31.01 | Property | 1 | 372 Baltic Street | 11201 | Multifamily | Mid Rise | 1931 | 2022 | 8 | Units | 3,575,000 | 3,575,000 | 3,575,000 | |||
| 31.02 | Property | 1 | 350 5th Street | 11215 | Multifamily | Mid Rise | 1920 | 2022 | 8 | Units | 2,700,000 | 2,700,000 | 2,700,000 | |||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 11215 | Multifamily | Mid Rise | 1931 | 2022 | 15 | Units | 393,333.33 | 5,900,000 | 5,900,000 | 5,900,000 | 6.85000% |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 60586 | Retail | Single Tenant | 2009 | NAP | 43,227 | SF | 111.04 | 4,800,000 | 4,800,000 | 4,800,000 | 6.37000% |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | Various | Manufactured Housing | Manufactured Housing | Various | NAP | 325 | Pads | 14,298.66 | 4,650,000 | 4,647,066 | 4,053,897 | 6.97000% |
| 34.01 | Property | 1 | Sherrill MHC | 28901 | Manufactured Housing | Manufactured Housing | 1994 | NAP | 53 | Pads | 870,000 | 869,451 | 758,471 | |||
| 34.02 | Property | 1 | Ashburn MHC | 31714 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 40 | Pads | 850,000 | 849,464 | 741,035 | |||
| 34.03 | Property | 1 | Lyons MHC | 30436 | Manufactured Housing | Manufactured Housing | 1980 | NAP | 46 | Pads | 690,000 | 689,565 | 601,546 | |||
| 34.04 | Property | 1 | Brookwood MHC | 35444 | Manufactured Housing | Manufactured Housing | 1980 | NAP | 29 | Pads | 550,000 | 549,653 | 479,493 | |||
| 34.05 | Property | 1 | Mapletree MHC | 35045 | Manufactured Housing | Manufactured Housing | 1975 | NAP | 32 | Pads | 490,000 | 489,691 | 427,185 | |||
| 34.06 | Property | 1 | Clanton MHC | 35045 | Manufactured Housing | Manufactured Housing | 1980 | NAP | 23 | Pads | 360,000 | 359,773 | 313,850 | |||
| 34.07 | Property | 1 | Fort Valley MHC | 31030 | Manufactured Housing | Manufactured Housing | 1960 | NAP | 20 | Pads | 210,000 | 209,868 | 183,079 | |||
| 34.08 | Property | 1 | Abbeville MHC | 29620 | Manufactured Housing | Manufactured Housing | 1975 | NAP | 27 | Pads | 200,000 | 199,874 | 174,361 | |||
| 34.09 | Property | 1 | Rainelle MHC | 25962 | Manufactured Housing | Manufactured Housing | 2002 | NAP | 14 | Pads | 170,000 | 169,893 | 148,207 | |||
| 34.10 | Property | 1 | Fitzgerald MHC | 31750 | Manufactured Housing | Manufactured Housing | 1970 | NAP | 22 | Pads | 140,000 | 139,912 | 122,053 | |||
| 34.11 | Property | 1 | Verbena MHC | 36091 | Manufactured Housing | Manufactured Housing | 1980 | NAP | 19 | Pads | 120,000 | 119,924 | 104,617 | |||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | Various | Retail | Single Tenant | 2007 | NAP | 21,898 | SF | 173.53 | 3,800,000 | 3,800,000 | 3,299,966 | 6.83000% |
| 35.01 | Property | 1 | CVS – Fredericksburg | 22408 | Retail | Single Tenant | 2007 | NAP | 11,970 | SF | 2,016,660 | 2,016,660 | 1,751,292 | |||
| 35.02 | Property | 1 | CVS – Haughton | 71037 | Retail | Single Tenant | 2007 | NAP | 9,928 | SF | 1,783,340 | 1,783,340 | 1,548,674 | |||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 11222 | Multifamily | Low Rise | 1931 | 2022 | 6 | Units | 466,666.67 | 2,800,000 | 2,800,000 | 2,800,000 | 6.85000% |
| A-1-4 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) |
| 8 | 9 | 9 | 9 | 9 | 11 | ||||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | 0.01940% | 6.19485% | NAP | 341,280.28 | NAP | 4,095,363.36 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 0.01540% | 5.92567142857143% | NAP | 326,277.59 | NAP | 3,915,331.08 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 0.01540% | 6.20360% | NAP | 286,369.12 | NAP | 3,436,429.38 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 0.01540% | 6.10860% | NAP | 258,710.65 | NAP | 3,104,527.80 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 0.01540% | 7.59460% | NAP | 308,627.78 | NAP | 3,703,533.36 | Interest Only | No | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | 0.01540% | 5.88360% | NAP | 231,761.06 | NAP | 2,781,132.72 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | 0.01540% | 6.04260% | NAP | 204,737.96 | NAP | 2,456,855.52 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | 0.01540% | 5.98460% | NAP | 202,777.78 | NAP | 2,433,333.36 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | 0.01540% | 5.85960% | NAP | 192,348.46 | NAP | 2,308,181.52 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 |
| 9.01 | Property | 1 | 401-405 Colorado | ||||||||||||||||
| 9.02 | Property | 1 | 1900 Market | ||||||||||||||||
| 9.03 | Property | 1 | The Bulletin Building | ||||||||||||||||
| 9.04 | Property | 1 | Four Points Centre 3 | ||||||||||||||||
| 9.05 | Property | 1 | 500 North Gulph | ||||||||||||||||
| 9.06 | Property | 1 | Metroplex – PA | ||||||||||||||||
| 9.07 | Property | 1 | 933 First Avenue | ||||||||||||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 0.01540% | 7.24460% | NAP | 233,093.06 | NAP | 2,797,116.72 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | 0.01540% | 6.12460% | NAP | 161,857.22 | NAP | 1,942,286.64 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 0.01540% | 6.03460% | NAP | 153,350.69 | NAP | 1,840,208.28 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 0.01540% | 7.47460% | 211,903.82 | NAP | 2,542,845.84 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 56 | 300 | 296 |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 0.13915% | 4.78085% | NAP | 117,192.58 | NAP | 1,406,310.96 | Interest Only | No | Actual/360 | 120 | 110 | 120 | 110 | 0 | 0 |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | 0.01540% | 7.04660% | NAP | 157,521.83 | NAP | 1,890,261.96 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 0.01540% | 7.77960% | 170,887.04 | NAP | 2,050,644.48 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 115 | 360 | 355 |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 0.01540% | 5.72660% | NAP | 110,370.68 | NAP | 1,324,448.16 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 0.02540% | 6.11260% | NAP | 116,685.94 | NAP | 1,400,231.28 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | ||||||||||||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | ||||||||||||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | ||||||||||||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | ||||||||||||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | ||||||||||||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | ||||||||||||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | ||||||||||||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | ||||||||||||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | ||||||||||||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | ||||||||||||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | ||||||||||||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | ||||||||||||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | ||||||||||||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | ||||||||||||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | ||||||||||||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | ||||||||||||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | ||||||||||||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | ||||||||||||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | ||||||||||||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | ||||||||||||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | ||||||||||||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | ||||||||||||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | ||||||||||||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | ||||||||||||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | ||||||||||||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | ||||||||||||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | ||||||||||||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | ||||||||||||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | ||||||||||||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | ||||||||||||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | ||||||||||||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | ||||||||||||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | ||||||||||||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | ||||||||||||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | ||||||||||||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | ||||||||||||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | ||||||||||||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | ||||||||||||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | ||||||||||||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | ||||||||||||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | ||||||||||||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | ||||||||||||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 0.01540% | 6.41460% | NAP | 99,147.77 | NAP | 1,189,773.24 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 0.01540% | 6.42460% | 87,309.69 | 75,632.73 | 1,047,716.28 | 907,592.76 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 33 | 120 | 117 | 360 | 360 |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | ||||||||||||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | ||||||||||||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | ||||||||||||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | ||||||||||||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | ||||||||||||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | ||||||||||||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | ||||||||||||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | ||||||||||||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | 0.01540% | 6.78960% | NAP | 66,120.34 | NAP | 793,444.08 | Interest Only | No | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | ||||||||||||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | ||||||||||||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | ||||||||||||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS |
| A-1-5 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) |
| 8 | 9 | 9 | 9 | 9 | 11 | ||||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 0.01540% | 7.29960% | 77,584.74 | NAP | 931,016.88 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 0.01540% | 6.90660% | 68,647.52 | NAP | 823,770.24 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 0.01540% | 6.82460% | 65,459.19 | 57,791.67 | 785,510.28 | 693,500.04 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 58 | 120 | 118 | 360 | 360 | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 0.01540% | 6.55460% | NAP | 54,400.21 | NAP | 652,802.52 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
| 26 | Loan | 2 | 1 | Downtown Frederick | 0.01540% | 6.70460% | NAP | 44,968.00 | NAP | 539,616.00 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 0.01540% | 7.01660% | 50,726.43 | NAP | 608,717.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 0.01540% | 6.98460% | NAP | 44,830.79 | NAP | 537,969.48 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
| 28.01 | Property | 1 | 902 Spruce Street | ||||||||||||||||
| 28.02 | Property | 1 | 2027 Pine Street | ||||||||||||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | ||||||||||||||||
| 28.04 | Property | 1 | 716 South Street | ||||||||||||||||
| 28.05 | Property | 1 | 716 South 2nd Street | ||||||||||||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 0.01540% | 7.23460% | 50,481.04 | 45,329.28 | 605,772.48 | 543,951.36 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 24 | 120 | 120 | 360 | 360 |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | 0.01540% | 5.45460% | NAP | 29,809.60 | NAP | 357,715.21 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | 0.01540% | 7.10460% | NAP | 37,748.77 | NAP | 452,985.24 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
| 31.01 | Property | 1 | 372 Baltic Street | ||||||||||||||||
| 31.02 | Property | 1 | 350 5th Street | ||||||||||||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 0.01540% | 6.83460% | NAP | 34,146.93 | NAP | 409,763.16 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 0.02415% | 6.34585% | NAP | 25,833.89 | NAP | 310,006.68 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 0.01540% | 6.95460% | 30,842.94 | NAP | 370,115.28 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 |
| 34.01 | Property | 1 | Sherrill MHC | ||||||||||||||||
| 34.02 | Property | 1 | Ashburn MHC | ||||||||||||||||
| 34.03 | Property | 1 | Lyons MHC | ||||||||||||||||
| 34.04 | Property | 1 | Brookwood MHC | ||||||||||||||||
| 34.05 | Property | 1 | Mapletree MHC | ||||||||||||||||
| 34.06 | Property | 1 | Clanton MHC | ||||||||||||||||
| 34.07 | Property | 1 | Fort Valley MHC | ||||||||||||||||
| 34.08 | Property | 1 | Abbeville MHC | ||||||||||||||||
| 34.09 | Property | 1 | Rainelle MHC | ||||||||||||||||
| 34.10 | Property | 1 | Fitzgerald MHC | ||||||||||||||||
| 34.11 | Property | 1 | Verbena MHC | ||||||||||||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 0.02415% | 6.80585% | 24,849.14 | NAP | 298,189.68 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
| 35.01 | Property | 1 | CVS – Fredericksburg | ||||||||||||||||
| 35.02 | Property | 1 | CVS – Haughton | ||||||||||||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 0.01540% | 6.83460% | NAP | 16,205.32 | NAP | 194,463.84 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
| A-1-6 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
| 10 | 10 | 12 | 16 | 16 | 16, 30 | 16 | 16 | 16 | ||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | 3/3/2023 | 1 | 6 | 4/6/2023 | NAP | 3/6/2028 | 3/6/2028 | 5 | 0 | L(25),DorYM1(28),O(7) | 97,949,617 | 17,988,634 | 79,960,983 | 12/31/2022 | T-12 | 85,107,087 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 1/11/2023 | 2 | 6 | 3/6/2023 | NAP | 2/6/2033 | 2/6/2033 | 0 | 0 | L(26),D(87),O(7) | 40,094,569 | 13,349,509 | 26,745,060 | 9/30/2022 | T-12 | 38,026,102 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 3/8/2023 | 0 | 6 | 5/6/2023 | NAP | 4/6/2033 | 4/6/2033 | 0 | 0 | L(24),D(91),O(5) | 4,846,147 | 2,747,637 | 2,098,510 | 12/31/2022 | T-12 | 4,161,157 |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 2/3/2023 | 1 | 1 | 4/1/2023 | NAP | 3/1/2033 | 3/1/2033 | 0 | 0 | L(25),D(89),O(6) | 17,430,237 | 6,839,144 | 10,591,093 | 9/30/2022 | T-12 | 17,485,867 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 11/10/2022 | 4 | 6 | 1/6/2023 | NAP | 12/6/2032 | 12/6/2032 | 0 | 0 | L(28),D(88),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | 1/3/2023 | 3 | 6 | 2/6/2023 | NAP | 1/6/2028 | 1/6/2028 | 5 | 0 | L(27),YM1(28),O(5) | 76,986,549 | 31,812,161 | 45,174,388 | 9/30/2022 | T-12 | 76,903,875 |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | 3/2/2023 | 1 | 5 | 4/5/2023 | NAP | 3/5/2028 | 3/5/2028 | 0 | 0 | L(23),YM1(30),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | 2/15/2023 | 1 | 6 | 4/6/2023 | NAP | 3/6/2033 | 3/6/2033 | 0 | 0 | L(25),D(91),O(4) | 6,380,436 | 2,277,041 | 4,103,394 | 12/31/2022 | T-12 | 5,939,162 |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | 1/19/2023 | 2 | 6 | 3/6/2023 | NAP | 2/6/2028 | 2/6/2028 | 0 | 0 | L(25),YM1(28),O(7) | 49,769,720 | 20,248,022 | 29,521,698 | 11/30/2022 | T-12 | 43,807,043 |
| 9.01 | Property | 1 | 401-405 Colorado | 3,738,970 | 4,440,497 | (701,527) | 11/30/2022 | T-12 | 334,988 | |||||||||||
| 9.02 | Property | 1 | 1900 Market | 16,201,107 | 5,715,454 | 10,485,653 | 11/30/2022 | T-12 | 16,060,971 | |||||||||||
| 9.03 | Property | 1 | The Bulletin Building | 11,128,461 | 4,692,277 | 6,436,184 | 11/30/2022 | T-12 | 9,842,342 | |||||||||||
| 9.04 | Property | 1 | Four Points Centre 3 | 6,874,281 | 2,427,666 | 4,446,615 | 11/30/2022 | T-12 | 6,908,123 | |||||||||||
| 9.05 | Property | 1 | 500 North Gulph | 3,727,029 | 672,649 | 3,054,380 | 11/30/2022 | T-12 | 3,656,774 | |||||||||||
| 9.06 | Property | 1 | Metroplex – PA | 4,147,046 | 1,396,958 | 2,750,088 | 11/30/2022 | T-12 | 3,089,488 | |||||||||||
| 9.07 | Property | 1 | 933 First Avenue | 3,952,826 | 902,521 | 3,050,305 | 11/30/2022 | T-12 | 3,914,357 | |||||||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 3/10/2023 | 0 | 6 | 5/6/2023 | NAP | 4/6/2033 | 4/6/2033 | 0 | 0 | L(24),D(92),O(4) | 8,432,796 | 3,191,612 | 5,241,184 | 12/31/2022 | T-12 | 7,441,661 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | 3/14/2023 | 0 | 6 | 5/6/2023 | NAP | 4/6/2033 | 4/6/2038 | 0 | 0 | L(24),D(92),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 11/18/2022 | 4 | 6 | 1/6/2023 | NAP | 12/6/2027 | 12/6/2027 | 0 | 0 | L(28),D(19),O(13) | 14,938,491 | 5,298,404 | 9,640,088 | 9/30/2022 | T-12 | 14,712,258 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 11/29/2022 | 4 | 6 | 1/6/2023 | 1/6/2023 | 12/6/2027 | 12/6/2027 | 0 | 0 | L(28),D(26),O(6) | 34,792,051 | 11,050,658 | 23,741,393 | 6/30/2022 | T-12 | 32,527,216 |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 5/5/2022 | 10 | 1 | 7/1/2022 | NAP | 6/1/2032 | 6/1/2032 | 5 | 5 | L(34),D(83),O(3) | 5,766,685 | 2,005,237 | 3,761,448 | 10/31/2022 | T-12 | 2,675,996 |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | 2/10/2023 | 1 | 1 | 4/1/2023 | NAP | 3/1/2028 | 3/1/2028 | 0 | 5 | L(24),YM1(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 10/31/2022 | 5 | 6 | 12/6/2022 | 12/6/2022 | 11/6/2032 | 11/6/2032 | 0 | 0 | L(29),D(87),O(4) | 27,676,888 | 14,308,125 | 13,368,762 | 8/31/2022 | T-12 | 21,959,855 |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 2/13/2023 | 1 | 6 | 4/6/2023 | NAP | 3/6/2033 | 3/6/2033 | 0 | 0 | L(25),D(91),O(4) | 3,692,571 | 1,343,323 | 2,349,248 | 12/31/2022 | T-12 | 4,771,193 |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 2/23/2023 | 1 | 11 | 4/11/2023 | NAP | 3/11/2028 | 3/11/2028 | 0 | 0 | L(25),D(28),O(7) | 55,257,111 | 0 | 55,257,111 | 12/31/2022 | T-12 | NAV |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 3/8/2023 | 0 | 6 | 5/6/2023 | NAP | 4/6/2033 | 4/6/2033 | 0 | 0 | L(24),D(90),O(6) | 1,797,746 | 699,147 | 1,098,599 | 12/31/2022 | T-12 | 1,911,804 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 12/20/2022 | 3 | 6 | 2/6/2023 | 2/6/2026 | 1/6/2033 | 1/6/2033 | 0 | 0 | L(27),D(88),O(5) | 28,081,434 | 19,726,870 | 8,354,564 | 10/31/2022 | T-12 | 24,095,435 |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | 4,279,312 | 2,602,974 | 1,676,338 | 10/31/2022 | T-12 | 3,608,026 | |||||||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | 4,918,724 | 3,276,626 | 1,642,098 | 10/31/2022 | T-12 | 4,406,774 | |||||||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | 5,088,403 | 3,431,968 | 1,656,435 | 10/31/2022 | T-12 | 3,504,527 | |||||||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | 3,146,067 | 2,642,692 | 503,375 | 10/31/2022 | T-12 | 2,868,431 | |||||||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | 2,349,638 | 1,473,300 | 876,338 | 10/31/2022 | T-12 | 2,313,908 | |||||||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | 3,247,529 | 2,550,981 | 696,548 | 10/31/2022 | T-12 | 2,884,170 | |||||||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | 3,121,302 | 2,379,788 | 741,514 | 10/31/2022 | T-12 | 2,695,989 | |||||||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | 1,930,459 | 1,368,541 | 561,918 | 10/31/2022 | T-12 | 1,813,610 | |||||||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | 11/15/2022 | 4 | 6 | 1/6/2023 | NAP | 12/6/2032 | 12/6/2032 | 0 | 0 | L(28),DorYM1(87),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | NAV | NAV | NAV | NAV | NAV | NAV |
| A-1-7 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
| 10 | 10 | 12 | 16 | 16 | 16, 30 | 16 | 16 | 16 | ||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 3/8/2023 | 0 | 1 | 5/1/2023 | 5/1/2023 | 4/1/2033 | 4/1/2033 | 0 | 0 | L(24),D(92),O(4) | 4,142,272 | 2,558,881 | 1,583,391 | 1/31/2023 | T-12 | 4,086,541 |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 3/7/2023 | 0 | 1 | 5/1/2023 | 5/1/2023 | 4/1/2033 | 4/1/2033 | 5 | 5 | L(24),D(92),O(4) | 3,175,955 | 1,609,154 | 1,566,801 | 12/31/2022 | T-12 | 2,638,094 |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 1/13/2023 | 2 | 6 | 3/6/2023 | 3/6/2028 | 2/6/2033 | 2/6/2033 | 0 | 0 | L(26),D(89),O(5) | 3,081,674 | 1,509,050 | 1,572,624 | 11/30/2022 | T-12 | 2,995,124 | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 1/18/2023 | 2 | 1 | 3/1/2023 | NAP | 2/1/2033 | 2/1/2033 | 0 | 0 | L(59),YM1(57),O(4) | 1,792,392 | 1,083,091 | 709,301 | 11/30/2022 | T-12 | 1,484,115 |
| 26 | Loan | 2 | 1 | Downtown Frederick | 3/2/2023 | 0 | 1 | 5/1/2023 | NAP | 4/1/2033 | 4/1/2033 | 0 | 0 | L(24),D(92),O(4) | 1,246,580 | 496,286 | 750,294 | 12/31/2022 | T-12 | 1,116,967 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 3/7/2023 | 0 | 1 | 5/1/2023 | 5/1/2023 | 4/1/2033 | 4/1/2033 | 5 | 5 | L(24),D(92),O(4) | 2,591,969 | 1,471,752 | 1,120,216 | 12/31/2022 | T-12 | 1,957,177 |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 2/10/2023 | 2 | 6 | 3/6/2023 | NAP | 2/6/2033 | 2/6/2033 | 5 | 0 | L(24),YM1(89),O(7) | 728,366 | 93,253 | 635,113 | 2/28/2023 | T-12 | NAV |
| 28.01 | Property | 1 | 902 Spruce Street | 280,455 | 26,506 | 253,949 | 2/28/2023 | T-12 | NAV | |||||||||||
| 28.02 | Property | 1 | 2027 Pine Street | 119,705 | 19,530 | 100,175 | 2/28/2023 | T-12 | NAV | |||||||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | 108,688 | 16,136 | 92,552 | 2/28/2023 | T-12 | NAV | |||||||||||
| 28.04 | Property | 1 | 716 South Street | 134,808 | 16,888 | 117,920 | 2/28/2023 | T-12 | NAV | |||||||||||
| 28.05 | Property | 1 | 716 South 2nd Street | 84,710 | 14,194 | 70,516 | 2/28/2023 | T-12 | NAV | |||||||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 3/9/2023 | 0 | 6 | 5/6/2023 | 5/6/2025 | 4/6/2033 | 4/6/2033 | 0 | 0 | L(24),D(92),O(4) | 850,500 | 15,422 | 835,078 | 12/31/2022 | T-12 | 850,500 |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | 3/10/2023 | 0 | 6 | 5/6/2023 | NAP | 4/6/2033 | 4/6/2033 | 0 | 0 | L(24),D(90),O(6) | NAV | NAV | NAV | NAV | NAV | NAV |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | 3/3/2023 | 1 | 6 | 4/6/2023 | NAP | 3/6/2033 | 3/6/2033 | 5 | 0 | L(23),YM1(90),O(7) | 315,075 | 68,043 | 247,032 | 1/31/2023 | T-12 | NAV |
| 31.01 | Property | 1 | 372 Baltic Street | 185,268 | 33,710 | 151,558 | 1/31/2023 | T-12 | NAV | |||||||||||
| 31.02 | Property | 1 | 350 5th Street | 129,807 | 34,333 | 95,474 | 1/31/2023 | T-12 | NAV | |||||||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 2/10/2023 | 2 | 6 | 3/6/2023 | NAP | 2/6/2033 | 2/6/2033 | 5 | 0 | L(24),YM1(89),O(7) | 170,977 | 25,629 | 145,348 | 1/31/2023 | T-12 | NAV |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 3/6/2023 | 0 | 1 | 5/1/2023 | NAP | 4/1/2033 | 4/1/2033 | 0 | 5 | L(24),D(93),O(3) | 962,277 | 203,281 | 758,996 | 12/31/2022 | T-12 | 954,103 |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 3/10/2023 | 1 | 6 | 4/6/2023 | 4/6/2023 | 3/6/2033 | 3/6/2033 | 0 | 0 | L(36),YM1(77),O(7) | 733,590 | 135,707 | 597,883 | 1/31/2023 | T-12 | 699,125 |
| 34.01 | Property | 1 | Sherrill MHC | 120,370 | 13,405 | 106,965 | 1/31/2023 | T-12 | 115,440 | |||||||||||
| 34.02 | Property | 1 | Ashburn MHC | 115,035 | 14,361 | 100,674 | 1/31/2023 | T-12 | 112,306 | |||||||||||
| 34.03 | Property | 1 | Lyons MHC | 96,184 | 13,270 | 82,914 | 1/31/2023 | T-12 | 87,009 | |||||||||||
| 34.04 | Property | 1 | Brookwood MHC | 94,807 | 23,924 | 70,883 | 1/31/2023 | T-12 | 90,284 | |||||||||||
| 34.05 | Property | 1 | Mapletree MHC | 74,367 | 14,622 | 59,745 | 1/31/2023 | T-12 | 68,317 | |||||||||||
| 34.06 | Property | 1 | Clanton MHC | 55,993 | 12,729 | 43,264 | 1/31/2023 | T-12 | 51,393 | |||||||||||
| 34.07 | Property | 1 | Fort Valley MHC | 37,884 | 6,243 | 31,642 | 1/31/2023 | T-12 | 41,054 | |||||||||||
| 34.08 | Property | 1 | Abbeville MHC | 43,231 | 7,846 | 35,385 | 1/31/2023 | T-12 | 42,401 | |||||||||||
| 34.09 | Property | 1 | Rainelle MHC | 39,241 | 12,524 | 26,717 | 1/31/2023 | T-12 | 38,140 | |||||||||||
| 34.10 | Property | 1 | Fitzgerald MHC | 27,517 | 7,075 | 20,441 | 1/31/2023 | T-12 | 26,271 | |||||||||||
| 34.11 | Property | 1 | Verbena MHC | 28,961 | 9,709 | 19,252 | 1/31/2023 | T-12 | 26,511 | |||||||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 3/7/2023 | 0 | 1 | 5/1/2023 | 5/1/2023 | 4/1/2033 | 4/1/2033 | 0 | 5 | L(24),D(93),O(3) | NAV | NAV | NAV | NAV | NAV | NAV |
| 35.01 | Property | 1 | CVS – Fredericksburg | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 35.02 | Property | 1 | CVS – Haughton | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 2/10/2023 | 2 | 6 | 3/6/2023 | NAP | 2/6/2033 | 2/6/2033 | 5 | 0 | L(24),YM1(89),O(7) | 164,934 | 20,961 | 143,973 | 1/31/2023 | T-12 | NAV |
| A-1-8 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) |
| 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 30 | 15 | |||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | 17,534,916 | 67,572,171 | 12/31/2021 | T-12 | 73,178,391 | 17,139,268 | 56,039,123 | 12/31/2020 | T-12 | 95.0% | 105,121,522 | 18,973,779 | 86,147,743 | 327,531 | 1,009,838 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 12,241,303 | 25,784,799 | 12/31/2021 | T-12 | 32,245,576 | 11,178,233 | 21,067,343 | 12/31/2020 | T-12 | 82.6% | 46,802,895 | 13,021,016 | 33,781,880 | 210,643 | 1,524,048 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 2,531,201 | 1,629,957 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 94.6% | 8,025,169 | 2,951,682 | 5,073,487 | 60,871 | 99,677 |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 6,696,233 | 10,789,634 | 12/31/2021 | T-12 | 15,379,851 | 5,710,487 | 9,669,364 | 12/31/2020 | T-12 | 78.9% | 18,425,444 | 6,960,965 | 11,464,479 | 75,703 | 567,773 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 22,349,341 | 4,721,514 | 17,627,827 | 110,612 | 331,837 |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | 30,285,085 | 46,618,790 | 12/31/2021 | T-12 | 69,008,722 | 28,007,136 | 41,001,586 | 12/31/2020 | T-12 | 96.2% | 83,514,884 | 35,580,356 | 47,934,528 | 455,855 | 1,113,906 |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 10,913,588 | 2,696,610 | 8,216,978 | 67,468 | 0 |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | 2,211,947 | 3,727,215 | 12/31/2021 | T-12 | 5,644,439 | 2,170,061 | 3,474,378 | 12/31/2020 | T-12 | 93.2% | 7,067,489 | 2,237,097 | 4,830,393 | 56,515 | 336,798 |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | 16,229,423 | 27,577,620 | 12/31/2021 | T-12 | 37,846,335 | 14,397,273 | 23,449,062 | 12/31/2020 | T-12 | 98.2% | 67,944,892 | 23,839,304 | 44,105,588 | 360,751 | 2,886,004 |
| 9.01 | Property | 1 | 401-405 Colorado | 1,044,046 | (709,058) | 12/31/2021 | T-12 | 0 | 10,841 | (10,841) | 12/31/2020 | T-12 | 97.1% | 16,629,112 | 6,396,629 | 10,232,483 | 51,451 | 411,606 | |
| 9.02 | Property | 1 | 1900 Market | 5,847,186 | 10,213,785 | 12/31/2021 | T-12 | 14,737,420 | 5,692,038 | 9,045,382 | 12/31/2020 | T-12 | 100.0% | 17,764,762 | 6,002,663 | 11,762,099 | 114,231 | 913,844 | |
| 9.03 | Property | 1 | The Bulletin Building | 3,944,036 | 5,898,306 | 12/31/2021 | T-12 | 7,868,770 | 3,455,632 | 4,413,138 | 12/31/2020 | T-12 | 97.0% | 13,875,082 | 5,904,172 | 7,970,910 | 70,677 | 565,418 | |
| 9.04 | Property | 1 | Four Points Centre 3 | 2,447,144 | 4,460,979 | 12/31/2021 | T-12 | 6,282,086 | 2,482,361 | 3,799,725 | 12/31/2020 | T-12 | 100.0% | 7,138,490 | 2,518,642 | 4,619,849 | 41,205 | 329,636 | |
| 9.05 | Property | 1 | 500 North Gulph | 664,903 | 2,991,871 | 12/31/2021 | T-12 | 3,564,005 | 635,340 | 2,928,665 | 12/31/2020 | T-12 | 100.0% | 4,006,303 | 690,550 | 3,315,752 | 25,205 | 201,640 | |
| 9.06 | Property | 1 | Metroplex – PA | 1,406,185 | 1,683,303 | 12/31/2021 | T-12 | 1,676,397 | 1,321,752 | 354,645 | 12/31/2020 | T-12 | 92.7% | 4,423,155 | 1,446,241 | 2,976,914 | 30,219 | 241,754 | |
| 9.07 | Property | 1 | 933 First Avenue | 875,923 | 3,038,434 | 12/31/2021 | T-12 | 3,717,657 | 799,309 | 2,918,348 | 12/31/2020 | T-12 | 100.0% | 4,107,987 | 880,407 | 3,227,580 | 27,763 | 222,106 | |
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 2,981,585 | 4,460,076 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 14,333,301 | 3,903,654 | 10,429,647 | 55,893 | 177,357 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 3,344,190 | 5,010 | 3,339,180 | 0 | 0 |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 5,415,296 | 9,296,962 | 12/31/2021 | T-12 | 13,218,587 | 5,245,590 | 7,972,997 | 12/31/2020 | T-12 | 95.0% | 15,239,748 | 5,781,977 | 9,457,771 | 56,783 | 0 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 10,808,852 | 21,718,364 | 12/31/2021 | T-12 | 29,676,032 | 10,308,321 | 19,367,711 | 12/31/2020 | T-12 | 93.4% | 27,803,795 | 11,776,167 | 16,027,627 | 35,330 | 441,620 |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 1,112,000 | 1,563,996 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 94.2% | 6,458,417 | 2,069,832 | 4,388,585 | 51,200 | 0 |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,529,488 | 52,942 | 3,476,545 | 0 | 52,341 |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 12,694,548 | 9,265,307 | 12/31/2021 | T-12 | 8,931,741 | 8,347,916 | 583,825 | 12/31/2020 | T-12 | 53.1% | 27,676,888 | 14,455,298 | 13,221,589 | 1,107,076 | 0 |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 1,341,421 | 3,429,772 | 12/31/2021 | T-12 | 4,237,016 | 1,378,067 | 2,858,949 | 12/31/2020 | T-12 | 85.0% | 4,660,565 | 1,491,129 | 3,169,437 | 22,879 | 258,040 |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 82,796,630 | 21,989,943 | 60,806,687 | 1,413,262 | 2,134,710 |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 13,354,110 | 4,834,166 | 8,519,944 | 127,411 | 304,901 | |
| 18.02 | Property | 1 | Big Lots - Durant, OK | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 11,202,938 | 2,487,690 | 8,715,248 | 187,470 | 305,373 | |
| 18.03 | Property | 1 | Badcock - LaGrange, GA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 4,942,062 | 1,217,397 | 3,724,665 | 939 | 131,531 | |
| 18.04 | Property | 1 | Badcock - Mebane, NC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,426,881 | 692,296 | 2,734,585 | 96,520 | 92,355 | |
| 18.05 | Property | 1 | Badcock - Mulberry, FL | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 4,248,542 | 1,346,535 | 2,902,007 | 9,357 | 99,771 | |
| 18.06 | Property | 1 | NAICO - Chandler, OK | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,831,547 | 349,923 | 2,481,624 | 25,377 | 83,863 | |
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,025,432 | 997,395 | 2,028,038 | 47,693 | 72,336 | |
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,031,951 | 847,136 | 2,184,815 | 72,143 | 76,384 | |
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,524,788 | 582,437 | 1,942,351 | 141,198 | 70,943 | |
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,934,376 | 467,938 | 1,466,438 | 9,886 | 46,670 | |
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,997,882 | 494,548 | 1,503,334 | 18,521 | 54,115 | |
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,517,037 | 202,957 | 1,314,080 | 53,743 | 39,783 | |
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,313,765 | 187,850 | 1,125,916 | 6,871 | 34,683 | |
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,716,609 | 508,675 | 1,207,934 | 7,300 | 50,288 | |
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,501,265 | 399,550 | 1,101,714 | 19,236 | 43,164 | |
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,344,897 | 243,969 | 1,100,928 | 4,214 | 37,262 | |
| 18.17 | Property | 1 | Big Y - Milford, CT | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,304,431 | 384,256 | 920,175 | 3,571 | 31,625 | |
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,123,695 | 159,633 | 964,063 | 28,043 | 31,029 | |
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,206,267 | 280,595 | 925,672 | 12,343 | 31,740 | |
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,104,967 | 247,625 | 857,343 | 2,321 | 28,683 | |
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,866,242 | 1,205,655 | 1,660,587 | 69,558 | 61,588 | |
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,268,097 | 387,038 | 881,058 | 27,136 | 30,282 | |
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,410,198 | 386,783 | 1,023,415 | 53,643 | 37,124 | |
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 882,806 | 199,684 | 683,122 | 23,886 | 22,647 | |
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 956,143 | 238,370 | 717,772 | 32,500 | 25,926 | |
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 844,348 | 169,971 | 674,377 | 25,943 | 22,216 | |
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 864,984 | 186,462 | 678,523 | 5,686 | 24,041 | |
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 850,673 | 217,060 | 633,613 | 9,643 | 23,030 | |
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 804,917 | 190,091 | 614,826 | 26,357 | 20,850 | |
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 792,595 | 185,557 | 607,039 | 25,686 | 21,037 | |
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 790,530 | 141,588 | 648,942 | 31,821 | 20,617 | |
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 764,642 | 193,732 | 570,911 | 39,300 | 21,375 | |
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 715,202 | 176,982 | 538,221 | 35,443 | 19,596 | |
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 644,714 | 141,577 | 503,137 | 25,957 | 18,508 | |
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 623,852 | 148,383 | 475,469 | 26,063 | 18,385 | |
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 663,770 | 252,158 | 411,612 | 12,771 | 14,176 | |
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 650,625 | 187,721 | 462,904 | 25,211 | 17,839 | |
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 542,926 | 128,621 | 414,305 | 15,797 | 14,269 | |
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 546,261 | 141,071 | 405,190 | 22,957 | 15,193 | |
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 497,601 | 129,587 | 368,014 | 2,271 | 14,963 | |
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 103,069 | 31,993 | 71,076 | 771 | 2,895 | |
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 58,987 | 17,288 | 41,699 | 704 | 1,654 | |
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 566,390 | 1,345,414 | 12/31/2021 | T-12 | 1,805,829 | 702,161 | 1,103,668 | 12/31/2020 | T-12 | 95.0% | 3,031,058 | 721,830 | 2,309,228 | 15,766 | 105,106 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 17,094,502 | 7,000,933 | 12/31/2021 | T-12 | 14,708,755 | 12,155,711 | 2,553,044 | 12/31/2020 | T-12 | 50.7% | 28,079,780 | 20,213,159 | 7,866,621 | 1,123,191 | 0 |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | 2,210,406 | 1,397,620 | 12/31/2021 | T-12 | 2,706,924 | 1,662,184 | 1,044,740 | 12/31/2020 | T-12 | 71.2% | 4,280,729 | 2,727,942 | 1,552,787 | 171,229 | 0 | |
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | 2,826,891 | 1,579,883 | 12/31/2021 | T-12 | 2,837,830 | 2,043,289 | 794,541 | 12/31/2020 | T-12 | 53.7% | 4,918,724 | 3,351,229 | 1,567,495 | 196,749 | 0 | |
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | 2,590,333 | 914,194 | 12/31/2021 | T-12 | 1,586,116 | 1,611,652 | (25,536) | 12/31/2020 | T-12 | 51.0% | 5,087,801 | 3,628,094 | 1,459,707 | 203,512 | 0 | |
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | 2,319,397 | 549,034 | 12/31/2021 | T-12 | 1,945,887 | 1,959,004 | (13,117) | 12/31/2020 | T-12 | 35.6% | 3,145,943 | 2,568,475 | 577,468 | 125,838 | 0 | |
| 20.05 | Property | 1 | Stoney Creek Inn Galena | 1,381,043 | 932,865 | 12/31/2021 | T-12 | 1,204,879 | 924,391 | 280,488 | 12/31/2020 | T-12 | 59.0% | 2,348,366 | 1,512,147 | 836,218 | 93,935 | 0 | |
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | 2,414,778 | 469,392 | 12/31/2021 | T-12 | 1,398,959 | 1,564,830 | (165,871) | 12/31/2020 | T-12 | 48.1% | 3,245,598 | 2,612,607 | 632,991 | 129,824 | 0 | |
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | 2,031,887 | 664,102 | 12/31/2021 | T-12 | 1,697,126 | 1,474,663 | 222,463 | 12/31/2020 | T-12 | 39.6% | 3,121,302 | 2,432,856 | 688,446 | 124,852 | 0 | |
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | 1,319,767 | 493,843 | 12/31/2021 | T-12 | 1,331,034 | 915,698 | 415,336 | 12/31/2020 | T-12 | 62.4% | 1,931,317 | 1,379,808 | 551,510 | 77,253 | 0 | |
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 7,718,750 | 0 | 7,718,750 | 0 | 0 |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
| A-1-9 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) |
| 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 30 | 15 | |||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 2,524,688 | 1,561,853 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 85.9% | 4,142,271 | 2,608,714 | 1,533,557 | 165,691 | 0 |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 1,228,261 | 1,409,833 | 12/31/2021 | T-12 | 1,356,396 | 915,217 | 441,179 | 12/31/2020 | T-12 | 77.3% | 3,175,955 | 1,609,311 | 1,566,643 | 127,038 | 0 |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 1,391,072 | 1,604,053 | 12/31/2021 | T-12 | 1,666,738 | 1,060,033 | 606,705 | 12/31/2020 | T-12 | 75.1% | 3,081,674 | 1,489,812 | 1,591,862 | 123,267 | 0 | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 838,307 | 645,808 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,218,389 | 1,120,692 | 1,097,697 | 23,880 | 17,689 |
| 26 | Loan | 2 | 1 | Downtown Frederick | 496,812 | 620,155 | 12/31/2021 | T-12 | NAV | NAV | NAV | NAV | NAV | 94.5% | 1,332,921 | 511,007 | 821,914 | 15,160 | 20,000 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 1,083,815 | 873,362 | 12/31/2021 | T-12 | 1,455,303 | 913,864 | 541,439 | 12/31/2020 | T-12 | 77.7% | 2,591,969 | 1,477,232 | 1,114,737 | 103,679 | 0 |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 880,508 | 155,342 | 725,167 | 5,075 | 0 |
| 28.01 | Property | 1 | 902 Spruce Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 273,543 | 40,505 | 233,038 | 1,400 | 0 | |
| 28.02 | Property | 1 | 2027 Pine Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 187,530 | 35,567 | 151,963 | 1,050 | 0 | |
| 28.03 | Property | 1 | 750-752 South Martin Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 152,190 | 26,411 | 125,779 | 1,050 | 0 | |
| 28.04 | Property | 1 | 716 South Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 152,231 | 31,235 | 120,996 | 875 | 0 | |
| 28.05 | Property | 1 | 716 South 2nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 115,015 | 21,624 | 93,390 | 700 | 0 | |
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 23,073 | 827,427 | 12/31/2021 | T-12 | 850,500 | 9,875 | 840,625 | 12/31/2020 | T-12 | 97.5% | 870,042 | 26,101 | 843,941 | 9,446 | 62,973 |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 658,401 | 87,450 | 570,952 | 1,672 | 7,837 |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 90.5% | 643,354 | 94,167 | 549,188 | 2,800 | 0 |
| 31.01 | Property | 1 | 372 Baltic Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 90.0% | 360,974 | 46,618 | 314,357 | 1,400 | 0 | |
| 31.02 | Property | 1 | 350 5th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 91.1% | 282,380 | 47,549 | 234,831 | 1,400 | 0 | |
| 32 | Loan | 10, 13 | 1 | 566 7th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 89.1% | 705,690 | 166,737 | 538,953 | 2,625 | 0 |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 209,079 | 745,024 | 12/31/2021 | T-12 | 929,673 | 199,239 | 730,434 | 12/31/2020 | T-12 | 94.9% | 910,377 | 230,612 | 679,764 | 22,478 | 79,248 |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 129,628 | 569,497 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 74.0% | 747,306 | 243,639 | 503,668 | 16,250 | 0 |
| 34.01 | Property | 1 | Sherrill MHC | 13,106 | 102,333 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.8% | 122,596 | 30,559 | 92,037 | 2,650 | 0 | |
| 34.02 | Property | 1 | Ashburn MHC | 14,909 | 97,397 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 78.6% | 116,462 | 30,579 | 85,883 | 2,000 | 0 | |
| 34.03 | Property | 1 | Lyons MHC | 11,328 | 75,681 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 71.1% | 107,200 | 31,691 | 75,509 | 2,300 | 0 | |
| 34.04 | Property | 1 | Brookwood MHC | 22,674 | 67,610 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 58.6% | 82,900 | 27,707 | 55,193 | 1,450 | 0 | |
| 34.05 | Property | 1 | Mapletree MHC | 13,594 | 54,723 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 96.1% | 75,682 | 20,782 | 54,900 | 1,600 | 0 | |
| 34.06 | Property | 1 | Clanton MHC | 11,044 | 40,349 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 92.0% | 58,398 | 24,609 | 33,789 | 1,150 | 0 | |
| 34.07 | Property | 1 | Fort Valley MHC | 7,211 | 33,844 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 71.3% | 37,910 | 14,203 | 23,707 | 1,000 | 0 | |
| 34.08 | Property | 1 | Abbeville MHC | 7,692 | 34,709 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 61.7% | 43,570 | 20,841 | 22,729 | 1,350 | 0 | |
| 34.09 | Property | 1 | Rainelle MHC | 12,501 | 25,639 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 85.1% | 39,241 | 9,784 | 29,457 | 700 | 0 | |
| 34.10 | Property | 1 | Fitzgerald MHC | 6,868 | 19,403 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 38.8% | 32,086 | 19,102 | 12,984 | 1,100 | 0 | |
| 34.11 | Property | 1 | Verbena MHC | 8,702 | 17,809 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 63.4% | 31,261 | 13,784 | 17,477 | 950 | 0 | |
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 536,550 | 109,498 | 427,053 | 9,019 | 26,962 |
| 35.01 | Property | 1 | CVS – Fredericksburg | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 280,547 | 63,150 | 217,396 | 5,147 | 15,012 | |
| 35.02 | Property | 1 | CVS – Haughton | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 256,004 | 46,347 | 209,656 | 3,872 | 11,949 | |
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 98.0% | 297,655 | 37,298 | 260,356 | 1,050 | 0 |
| A-1-10 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
| 7, 14 | 7, 14 | 7 | 7 | 5 | 5, 7 | 5, 7 | 3, 4 | ||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | 84,810,375 | 1.95 | 1.92 | 12.3% | 12.1% | 1,825,000,000 | As Is | 1/4/2023 | 38.4% | 38.4% | 96.0% | 12/2/2022 | No |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 32,047,188 | 2.29 | 2.17 | 13.8% | 13.1% | 512,500,000 | As Is | 11/17/2022 | 47.8% | 47.8% | 78.3% | 12/6/2022 | No |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 4,912,940 | 1.48 | 1.43 | 9.3% | 9.0% | 84,000,000 | As Is | 10/19/2022 | 64.9% | 64.9% | 94.9% (Comm.); 100.0% (MF) | 3/2/2023 | No |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 10,821,004 | 2.46 | 2.32 | 15.3% | 14.4% | 145,900,000 | As Is | 12/17/2022 | 51.4% | 51.4% | 89.8% | 12/19/2022 | No |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 17,185,377 | 1.26 | 1.23 | 9.7% | 9.5% | 350,000,000 | As Is | 10/12/2022 | 51.7% | 51.7% | 100.0% | 11/10/2022 | Yes |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | 46,364,767 | 2.17 | 2.10 | 13.0% | 12.5% | 679,000,000 | As Is | 10/30/2022 | 54.5% | 54.5% | 97.7% | 12/12/2022 | No |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | 8,149,510 | 2.21 | 2.19 | 13.6% | 13.5% | 110,250,000 | As Is | 2/1/2023 | 54.9% | 54.9% | 100.0% | 3/2/2023 | Yes |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | 4,437,080 | 1.99 | 1.82 | 12.1% | 11.1% | 70,530,000 | As Is | 1/20/2023 | 56.7% | 56.7% | 94.5% | 1/20/2023 | No |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | 40,858,833 | 3.02 | 2.80 | 18.0% | 16.7% | 617,200,000 | As Is Portfolio | Various | 39.7% | 39.7% | 98.1% | Various | |
| 9.01 | Property | 1 | 401-405 Colorado | 9,769,426 | 138,000,000 | As Is | 11/3/2022 | 96.0% | 12/21/2022 | No | |||||||
| 9.02 | Property | 1 | 1900 Market | �� 10,734,025 | 159,100,000 | As Is | 11/2/2022 | 100.0% | 12/21/2022 | No | |||||||
| 9.03 | Property | 1 | The Bulletin Building | 7,334,815 | 113,100,000 | As Is | 11/2/2022 | 97.3% | 12/21/2022 | No | |||||||
| 9.04 | Property | 1 | Four Points Centre 3 | 4,249,008 | 67,800,000 | As Is | 11/3/2022 | 100.0% | 1/19/2023 | Yes | |||||||
| 9.05 | Property | 1 | 500 North Gulph | 3,088,907 | 38,100,000 | As Is | 11/4/2022 | 100.0% | 1/19/2023 | Yes | |||||||
| 9.06 | Property | 1 | Metroplex – PA | 2,704,941 | 38,600,000 | As Is | 11/4/2022 | 90.1% | 12/21/2022 | No | |||||||
| 9.07 | Property | 1 | 933 First Avenue | 2,977,711 | 37,900,000 | As Is | 11/4/2022 | 100.0% | 1/19/2023 | Yes | |||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 10,196,397 | 1.45 | 1.42 | 10.7% | 10.5% | 173,000,000 | Upon Completion/Stabilized | 8/1/2023 | 56.4% | 56.4% | 100.0% | 2/28/2023 | No |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | 3,339,180 | 1.72 | 1.72 | 10.7% | 10.7% | 52,500,000 | As Is | 2/8/2023 | 59.4% | 59.4% | 100.0% | 3/14/2023 | Yes |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 9,400,988 | 1.48 | 1.47 | 9.1% | 9.0% | 167,000,000 | As Is | 9/22/2022 | 62.3% | 62.3% | 93.7% | 12/31/2022 | No |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 15,550,678 | 1.42 | 1.38 | 12.6% | 12.3% | 215,000,000 | As Is | 9/7/2022 | 59.0% | 54.7% | 88.1% | 7/1/2022 | No |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 4,337,385 | 1.59 | 1.58 | 8.0% | 7.9% | 86,400,000 | As Is | 3/31/2022 | 63.9% | 63.9% | 99.2% | 12/13/2022 | NAP |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | 3,424,204 | 1.84 | 1.81 | 13.2% | 13.0% | 55,000,000 | As Is | 10/31/2022 | 48.0% | 48.0% | 100.0% | 2/10/2023 | Yes |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 12,114,514 | 3.16 | 2.89 | 27.4% | 25.1% | 140,000,000 | As Is | 8/3/2022 | 34.5% | 30.8% | 53.1% | 8/31/2022 | NAP |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 2,888,517 | 2.39 | 2.18 | 13.9% | 12.7% | 42,000,000 | As Is | 12/28/2022 | 54.2% | 54.2% | 95.5% | 12/1/2022 | No |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 57,258,714 | 2.87 | 2.71 | 17.9% | 16.8% | 1,051,080,000 | As Is | Various | 32.3% | 32.3% | 100.0% | 2/23/2023 | |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | 8,087,632 | 169,430,000 | As Is | 12/28/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | 8,222,405 | 138,000,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | 3,592,195 | 60,250,000 | As Is | 1/3/2023 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | 2,545,710 | 44,500,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | 2,792,879 | 43,360,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | 2,372,385 | 41,200,000 | As Is | 12/21/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | 1,908,009 | 34,800,000 | As Is | 12/28/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | 2,036,287 | 33,660,000 | As Is | 12/21/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | 1,730,211 | 31,800,000 | As Is | 12/12/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | 1,409,882 | 26,430,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | 1,430,697 | 25,080,000 | As Is | 12/26/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | 1,220,554 | 22,960,000 | As Is | 12/23/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | 1,084,361 | 22,290,000 | As Is | 12/18/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | 1,150,346 | 22,100,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | 1,039,314 | 20,450,000 | As Is | 12/26/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | 1,059,451 | 20,010,000 | As Is | 12/20/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | 884,979 | 19,800,000 | As Is | 12/28/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | 904,991 | 17,830,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | 881,590 | 17,500,000 | As Is | 12/26/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | 826,338 | 17,110,000 | As Is | 12/23/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | 1,529,441 | 16,780,000 | As Is | 12/26/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | 823,641 | 15,250,000 | As Is | 12/26/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | 932,648 | 14,100,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | 636,589 | 13,230,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | 659,346 | 13,170,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | 626,218 | 13,000,000 | As Is | 12/20/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | 648,796 | 12,900,000 | As Is | 12/19/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | 600,941 | 11,990,000 | As Is | 12/19/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | 567,619 | 11,840,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | 560,316 | 11,700,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | 596,504 | 10,820,000 | As Is | 12/26/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | 510,235 | 10,260,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | 483,182 | 10,150,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | 458,673 | 9,600,000 | As Is | 12/23/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | 431,021 | 9,060,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | 384,665 | 8,380,000 | As Is | 12/22/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | 419,853 | 8,100,000 | As Is | 12/20/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | 384,239 | 8,010,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | 367,040 | 7,370,000 | As Is | 12/24/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | 350,780 | 5,130,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | 67,410 | 1,060,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | 39,342 | 620,000 | As Is | 12/27/2022 | 100.0% | 2/23/2023 | Yes | |||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 2,188,356 | 1.94 | 1.84 | 12.7% | 12.0% | 37,400,000 | As Is | 1/30/2023 | 48.8% | 48.8% | 99.6% | 2/1/2023 | No |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 6,743,429 | 3.38 | 2.90 | 25.5% | 21.8% | 68,500,000 | As Is | Various | 45.1% | 41.1% | 50.7% | 10/31/2022 | |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | 1,381,558 | 14,800,000 | As Is | 10/20/2022 | 71.2% | 10/31/2022 | NAP | |||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | 1,370,746 | 13,600,000 | As Is | 10/18/2022 | 53.7% | 10/31/2022 | NAP | |||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | 1,256,195 | 10,500,000 | As Is | 10/20/2022 | 51.0% | 10/31/2022 | NAP | |||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | 451,630 | 9,500,000 | As Is | 10/17/2022 | 35.6% | 10/31/2022 | NAP | |||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | 742,284 | 6,200,000 | As Is | 10/19/2022 | 59.0% | 10/31/2022 | NAP | |||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | 503,167 | 5,600,000 | As Is | 10/19/2022 | 48.1% | 10/31/2022 | NAP | |||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | 563,594 | 4,700,000 | As Is | 10/17/2022 | 39.6% | 10/31/2022 | NAP | |||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | 474,257 | 3,600,000 | As Is | 10/20/2022 | 62.4% | 10/31/2022 | NAP | |||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | 7,718,750 | 1.83 | 1.83 | 12.6% | 12.6% | 125,000,000 | As Portfolio | 10/17/2022 | 48.9% | 48.9% | 100.0% | 4/6/2023 | |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | NAV | 47,800,000 | As Is | 10/17/2022 | 100.0% | 4/6/2023 | Yes | |||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | NAV | 35,000,000 | As Is | 10/17/2022 | 100.0% | 4/6/2023 | Yes | |||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | NAV | 32,600,000 | As Is | 10/17/2022 | 100.0% | 4/6/2023 | Yes | |||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | NAV | 9,550,000 | As Is | 10/17/2022 | 100.0% | 4/6/2023 | Yes |
| A-1-11 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
| 7, 14 | 7, 14 | 7 | 7 | 5 | 5, 7 | 5, 7 | 3, 4 | ||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 1,367,866 | 1.65 | 1.47 | 13.6% | 12.1% | 16,500,000 | As Is | 1/24/2023 | 68.5% | 60.2% | 85.9% | 1/31/2023 | NAP |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 1,439,605 | 1.90 | 1.75 | 15.1% | 13.8% | 16,600,000 | As Is | 9/8/2022 | 62.7% | 54.5% | 77.3% | 12/31/2022 | NAP |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 1,468,595 | 2.03 | 1.87 | 15.9% | 14.7% | 16,200,000 | As Is | 12/6/2022 | 61.7% | 58.4% | 75.1% | 11/30/2022 | NAP | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 1,056,128 | 1.68 | 1.62 | 11.2% | 10.8% | 24,000,000 | As Is | 9/29/2022 | 40.8% | 40.8% | 100.0% | 12/15/2022 | No |
| 26 | Loan | 2 | 1 | Downtown Frederick | 786,754 | 1.52 | 1.46 | 10.4% | 9.9% | 14,600,000 | As Is | 2/13/2023 | 54.2% | 54.2% | 98.1% | 2/3/2023 | No |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 1,011,058 | 1.83 | 1.66 | 14.7% | 13.3% | 12,000,000 | As Complete | 10/1/2023 | 63.3% | 55.3% | 77.7% | 12/31/2022 | NAP |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 720,092 | 1.35 | 1.34 | 9.6% | 9.5% | 10,850,000 | As Is | 12/19/2022 | 69.9% | 69.9% | 100.0% | 2/1/2023 | |
| 28.01 | Property | 1 | 902 Spruce Street | 231,638 | 3,600,000 | As Is | 12/19/2022 | 100.0% | 2/1/2023 | NAP | |||||||
| 28.02 | Property | 1 | 2027 Pine Street | 150,913 | 2,300,000 | As Is | 12/19/2022 | 100.0% | 2/1/2023 | NAP | |||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | 124,729 | 1,950,000 | As Is | 12/19/2022 | 100.0% | 2/1/2023 | NAP | |||||||
| 28.04 | Property | 1 | 716 South Street | 120,121 | 1,800,000 | As Is | 12/19/2022 | 100.0% | 2/1/2023 | No | |||||||
| 28.05 | Property | 1 | 716 South 2nd Street | 92,690 | 1,200,000 | As Is | 12/19/2022 | 100.0% | 2/1/2023 | NAP | |||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 771,522 | 1.39 | 1.27 | 11.4% | 10.4% | 12,800,000 | As Is | 2/17/2023 | 57.8% | 52.6% | 100.0% | 3/9/2023 | Yes |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | 561,443 | 1.60 | 1.57 | 8.9% | 8.7% | 10,300,000 | Hypothetical As Is | 1/4/2023 | 62.6% | 62.6% | 100.0% | 3/1/2023 | No |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | 546,388 | 1.21 | 1.21 | 8.8% | 8.7% | 9,000,000 | As Is | 12/20/2022 | 69.7% | 69.7% | 100.0% | 2/22/2023 | |
| 31.01 | Property | 1 | 372 Baltic Street | 312,957 | 5,200,000 | As Is | 12/20/2022 | 100.0% | 2/22/2023 | NAP | |||||||
| 31.02 | Property | 1 | 350 5th Street | 233,431 | 3,800,000 | As Is | 12/20/2022 | 100.0% | 2/22/2023 | NAP | |||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 536,328 | 1.32 | 1.31 | 9.1% | 9.1% | 8,150,000 | As Is | 12/20/2022 | 72.4% | 72.4% | 100.0% | 2/1/2023 | NAP |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 578,038 | 2.19 | 1.86 | 14.2% | 12.0% | 11,200,000 | As Is | 2/3/2023 | 42.9% | 42.9% | 100.0% | 3/6/2023 | Yes |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 487,418 | 1.36 | 1.32 | 10.8% | 10.5% | 9,280,000 | As Is | Various | 50.1% | 43.7% | 76.3% | 2/9/2023 | |
| 34.01 | Property | 1 | Sherrill MHC | 89,387 | 1,690,000 | As Is | 12/8/2022 | 96.2% | 2/9/2023 | NAP | |||||||
| 34.02 | Property | 1 | Ashburn MHC | 83,883 | 1,200,000 | As Is | 12/13/2022 | 80.0% | 2/9/2023 | NAP | |||||||
| 34.03 | Property | 1 | Lyons MHC | 73,209 | 1,200,000 | As Is | 12/13/2022 | 73.9% | 2/9/2023 | NAP | |||||||
| 34.04 | Property | 1 | Brookwood MHC | 53,743 | 1,070,000 | As Is | 12/7/2022 | 58.6% | 2/9/2023 | NAP | |||||||
| 34.05 | Property | 1 | Mapletree MHC | 53,300 | 980,000 | As Is | 12/7/2022 | 96.9% | 2/9/2023 | NAP | |||||||
| 34.06 | Property | 1 | Clanton MHC | 32,639 | 540,000 | As Is | 12/7/2022 | 91.3% | 2/9/2023 | NAP | |||||||
| 34.07 | Property | 1 | Fort Valley MHC | 22,707 | 520,000 | As Is | 12/13/2022 | 75.0% | 2/9/2023 | NAP | |||||||
| 34.08 | Property | 1 | Abbeville MHC | 21,379 | 500,000 | As Is | 12/21/2022 | 66.7% | 2/9/2023 | NAP | |||||||
| 34.09 | Property | 1 | Rainelle MHC | 28,757 | 510,000 | As Is | 12/14/2022 | 64.3% | 2/9/2023 | NAP | |||||||
| 34.10 | Property | 1 | Fitzgerald MHC | 11,884 | 580,000 | As Is | 12/13/2022 | 31.8% | 2/9/2023 | NAP | |||||||
| 34.11 | Property | 1 | Verbena MHC | 16,527 | 490,000 | As Is | 12/7/2022 | 68.4% | 2/9/2023 | NAP | |||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 391,072 | 1.43 | 1.31 | 11.2% | 10.3% | 7,725,000 | As Is | Various | 49.2% | 42.7% | 100.0% | 3/7/2023 | |
| 35.01 | Property | 1 | CVS – Fredericksburg | 197,237 | 4,100,000 | As Is | 2/10/2023 | 100.0% | 3/7/2023 | Yes | |||||||
| 35.02 | Property | 1 | CVS – Haughton | 193,835 | 3,625,000 | As Is | 2/13/2023 | 100.0% | 3/7/2023 | Yes | |||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 259,306 | 1.34 | 1.33 | 9.3% | 9.3% | 4,550,000 | As Is | 12/20/2022 | 61.5% | 61.5% | 100.0% | 2/1/2023 | NAP |
| A-1-12 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date |
| 21, 23 | 21 | 23 | ||||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | Macy's | 235,899 | 15.2% | 1/31/2030 | Nordstrom | 225,000 | 14.5% | 2/28/2029 | Neiman Marcus | 100,071 | 6.4% | 10/18/2031 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | Cedars Sinai Medical Center | 259,653 | 24.7% | 5/31/2030 | 8687 Melrose GreenTenant | 54,630 | 5.2% | 2/28/2034 | Pluto, Inc. | 35,850 | 3.4% | 11/30/2028 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | GSA - U.S. DOS | 35,872 | 12.3% | 10/9/2028 | Hudson Crossing Surgery | 23,550 | 8.1% | 7/31/2027 | Nadri Inc | 22,227 | 7.6% | 5/31/2027 |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | Nike Unite | 15,000 | 4.0% | 1/31/2026 | Old Navy | 14,004 | 3.7% | 1/31/2031 | Polo Ralph Lauren | 12,176 | 3.2% | 11/30/2030 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | Rialto Distribution LLC | 1,106,124 | 100.0% | 10/31/2042 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | Macy's | 390,503 | 18.8% | 8/18/2026 | Walmart | 173,450 | 8.3% | 8/31/2028 | SEARS | 144,537 | 6.9% | 10/31/2028 |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | Amazon.com Services, Inc. | 269,873 | 100.0% | 4/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | Academy | 78,817 | 20.9% | 1/31/2028 | Specs | 55,800 | 14.8% | 11/30/2032 | Altitude Trampoline Park | 37,045 | 9.8% | 7/31/2029 |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | ||||||||||||
| 9.01 | Property | 1 | 401-405 Colorado | Bain & Company, Inc. | 50,423 | 24.5% | 11/30/2034 | JPMorgan Chase Bank, National Association | 45,100 | 21.9% | 12/31/2032 | Snap Inc. | 18,739 | 9.1% | 5/31/2033 | |
| 9.02 | Property | 1 | 1900 Market | Independence Blue Cross, LLC | 227,974 | 49.9% | 4/16/2034 | 1900 Market Street Tenant LLC dba WeWork | 56,050 | 12.3% | 11/30/2037 | Pennoni Associates Inc. | 55,846 | 12.2% | 3/31/2029 | |
| 9.03 | Property | 1 | The Bulletin Building | Spark Therapeutics, Inc. | 183,208 | 64.8% | 12/31/2033 | Drexel University | 57,461 | 20.3% | 10/31/2027 | BDN SY Hospitality, LLC | 13,163 | 4.7% | 11/30/2031 | |
| 9.04 | Property | 1 | Four Points Centre 3 | SailPoint Technologies, Inc. | 164,818 | 100.0% | 4/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.05 | Property | 1 | 500 North Gulph | CSL Behring L.L.C. | 100,820 | 100.0% | 1/31/2031 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.06 | Property | 1 | Metroplex – PA | Bill Me Later, Inc. | 99,512 | 82.3% | 1/31/2031 | United HealthCare Services, Inc. | 9,431 | 7.8% | 6/30/2026 | NAP | NAP | NAP | NAP | |
| 9.07 | Property | 1 | 933 First Avenue | Worldwide Insurance Services, LLC | 111,053 | 100.0% | 5/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | J&J Farms Creamery | 204,217 | 36.5% | 2/28/2038 | Vitaquest International LLC | 198,489 | 35.5% | 2/28/2030 | PNY Technologies Inc | 156,224 | 28.0% | 10/4/2028 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | Walgreens | 724,424 | 100.0% | 3/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | Government of the DC | 164,642 | 58.0% | 2/28/2029 | GSA-Federal Election Commission | 99,677 | 35.1% | 11/30/2032 | LA LUXE DENTAL, PLLC | 1,575 | 0.6% | 5/31/2031 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | Estee Lauder | 64,122 | 36.3% | 3/31/2025 | Prada USA Corp. | 30,079 | 17.0% | 1/31/2035 | Valor Management LLC | 12,990 | 7.4% | 8/31/2033 |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | Fibertown | 69,788 | 100.0% | 2/9/2043 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | The Odom Corporation | 20,210 | 17.7% | 6/30/2032 | Prudential | 9,003 | 7.9% | 9/30/2023 | First American Title | 8,713 | 7.6% | 9/30/2026 |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | ||||||||||||
| 18.01 | Property | 1 | Big Lots - Tremont, PA | Big Lots, Inc. | 1,294,548 | 100.0% | 6/30/2040 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.02 | Property | 1 | Big Lots - Durant, OK | Big Lots, Inc. | 1,296,562 | 100.0% | 6/30/2040 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.03 | Property | 1 | Badcock - LaGrange, GA | W.S. Badcock Corporation | 537,855 | 100.0% | 6/30/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.04 | Property | 1 | Badcock - Mebane, NC | W.S. Badcock Corporation | 369,420 | 100.0% | 6/30/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.05 | Property | 1 | Badcock - Mulberry, FL | W.S. Badcock Corporation | 371,240 | 100.0% | 6/30/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.06 | Property | 1 | NAICO - Chandler, OK | Chandler Insurance Company, LTD. | 158,430 | 100.0% | 8/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | Save Mart Supermarkets | 109,876 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | Nation Motor Club, LLC | 139,785 | 100.0% | 12/31/2041 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | Save Mart Supermarkets | 186,652 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | Save Mart Supermarkets | 66,778 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | Save Mart Supermarkets | 119,916 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | Save Mart Supermarkets | 54,605 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | Save Mart Supermarkets | 43,737 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | Save Mart Supermarkets | 148,270 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | Save Mart Supermarkets | 116,789 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | Save Mart Supermarkets | 68,337 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.17 | Property | 1 | Big Y - Milford, CT | Big Y Foods, Inc. | 55,000 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | Save Mart Supermarkets | 52,368 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | Save Mart Supermarkets | 61,660 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | Save Mart Supermarkets | 49,769 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | Save Mart Supermarkets | 149,631 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | Save Mart Supermarkets | 51,845 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | W.S. Badcock Corporation | 184,000 | 100.0% | 8/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | Save Mart Supermarkets | 42,294 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | Save Mart Supermarkets | 62,565 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | Save Mart Supermarkets | 41,368 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | Save Mart Supermarkets | 50,918 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | Save Mart Supermarkets | 52,576 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | Save Mart Supermarkets | 42,630 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | Save Mart Supermarkets | 45,642 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | Save Mart Supermarkets | 35,312 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | Save Mart Supermarkets | 58,360 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | Save Mart Supermarkets | 50,342 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | Save Mart Supermarkets | 47,404 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | Save Mart Supermarkets | 52,079 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | Save Mart Supermarkets | 21,258 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | Save Mart Supermarkets | 49,749 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | Save Mart Supermarkets | 30,080 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | Save Mart Supermarkets | 40,593 | 100.0% | 11/30/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | W.S. Badcock Corporation | 42,750 | 100.0% | 8/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | W.S. Badcock Corporation | 8,270 | 100.0% | 8/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | W.S. Badcock Corporation | 9,125 | 100.0% | 8/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | Target | 39,346 | 37.4% | 3/1/2033 | Sprouts | �� 27,116 | 25.8% | 12/1/2025 | Denny's | 5,000 | 4.8% | 1/31/2033 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | ||||||||||||
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.05 | Property | 1 | Stoney Creek Inn Galena | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | ||||||||||||
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | Orizon Aerostructures, LLC | 300,000 | 100.0% | 12/31/2047 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | Orizon Aerostructures, LLC | 220,000 | 100.0% | 12/31/2047 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | Orizon Aerostructures, LLC | 205,000 | 100.0% | 12/31/2047 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | Orizon Aerostructures, LLC | 60,000 | 100.0% | 12/31/2047 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| A-1-13 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date |
| 21, 23 | 21 | 23 | ||||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | BlueDot Safes & Beric Inc. | 47,005 | 53.1% | 12/31/2034 | Reseda Nguyen Inc. | 41,439 | 46.9% | 9/30/2025 | NAP | NAP | NAP | NAP |
| 26 | Loan | 2 | 1 | Downtown Frederick | GeoNova Enterprises, LLC dba Serendipity | 4,000 | 15.4% | 2/14/2027 | Vintage MC, LLC | 3,900 | 15.0% | 4/30/2026 | Dream House, LLC | 3,400 | 13.1% | 4/30/2024 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | ||||||||||||
| 28.01 | Property | 1 | 902 Spruce Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.02 | Property | 1 | 2027 Pine Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.03 | Property | 1 | 750-752 South Martin Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.04 | Property | 1 | 716 South Street | Domino's Pizza | 1,800 | 100.0% | 10/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.05 | Property | 1 | 716 South 2nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | Giant Eagle Supermarket | 62,973 | 100.0% | 12/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | The Dermatology Specialists | 3,831 | 36.7% | 8/31/2035 | YK Power | 3,432 | 32.8% | 12/31/2032 | 30 Minutes HIT | 2,061 | 19.7% | 7/31/2032 |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | ||||||||||||
| 31.01 | Property | 1 | 372 Baltic Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 31.02 | Property | 1 | 350 5th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 32 | Loan | 10, 13 | 1 | 566 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | Fitness International, LLC | 43,227 | 100.0% | 4/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | ||||||||||||
| 34.01 | Property | 1 | Sherrill MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.02 | Property | 1 | Ashburn MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.03 | Property | 1 | Lyons MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.04 | Property | 1 | Brookwood MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.05 | Property | 1 | Mapletree MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.06 | Property | 1 | Clanton MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.07 | Property | 1 | Fort Valley MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.08 | Property | 1 | Abbeville MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.09 | Property | 1 | Rainelle MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.10 | Property | 1 | Fitzgerald MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.11 | Property | 1 | Verbena MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | ||||||||||||
| 35.01 | Property | 1 | CVS – Fredericksburg | CVS – Fredericksburg | 11,970 | 100.0% | 1/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 35.02 | Property | 1 | CVS – Haughton | CVS – Haughton | 9,928 | 100.0% | 1/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| A-1-14 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date |
| 23 | 23 | ||||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | Harkins Theatres | 81,177 | 5.2% | 1/31/2031 | DICK'S Sporting Goods | 50,646 | 3.3% | 1/31/2026 | 2/13/2023 | NAP | 2/13/2023 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | InvestCloud, Inc. | 32,128 | 3.1% | 1/31/2027 | Kneedler Fauchere | 17,762 | 1.7% | 1/31/2028 | 11/22/2022 | NAP | 11/22/2022 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | Retro Fitness | 19,924 | 6.8% | 11/9/2038 | COURISTAN INC. | 16,700 | 5.7% | 12/31/2023 | 10/20/2022 | NAP | 10/20/2022 |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | Under Armour | 11,503 | 3.0% | 8/31/2025 | Gap Outlet | 8,575 | 2.3% | 1/31/2026 | 1/10/2023 | NAP | 1/11/2023 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/24/2022 | NAP | 10/24/2022 |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | BJ's Wholesale Club | 127,750 | 6.1% | 1/31/2027 | KOHL'S | 116,392 | 5.6% | 1/31/2031 | 12/20/2022 | NAP | 12/20/2022 |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/27/2023 | NAP | 2/22/2023 |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | Ogle School | 15,453 | 4.1% | 12/31/2028 | Guitars & Cadillacs | 12,075 | 3.2% | 3/31/2024 | 1/27/2023 | NAP | 1/27/2023 |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | |||||||||||
| 9.01 | Property | 1 | 401-405 Colorado | Perkins Coie LLP | 18,616 | 9.0% | 11/30/2032 | AllianceBernstein L.P. | 18,169 | 8.8% | 9/30/2031 | 11/8/2022 | NAP | 11/8/2022 | |
| 9.02 | Property | 1 | 1900 Market | Aberdeen Asset Management Inc., d/b/a Aberdeen Standard Investments | 50,482 | 11.0% | 8/31/2034 | Berkadia Commercial Mortgage LLC | 18,262 | 4.0% | 5/31/2030 | 11/15/2022 | NAP | 11/8/2022 | |
| 9.03 | Property | 1 | The Bulletin Building | Brandywine Operating Partnership | 6,884 | 2.4% | 4/30/2028 | NAP | NAP | NAP | NAP | 11/8/2022 | NAP | 11/8/2022 | |
| 9.04 | Property | 1 | Four Points Centre 3 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 | NAP | 11/8/2022 | |
| 9.05 | Property | 1 | 500 North Gulph | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 | NAP | 11/8/2022 | |
| 9.06 | Property | 1 | Metroplex – PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/14/2022 | NAP | 11/8/2022 | |
| 9.07 | Property | 1 | 933 First Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/9/2022 | NAP | 11/8/2022 | |
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/9/2022 | NAP | 12/8/2022 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/27/2023 | 3/6/2023 | 2/9/2023 |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/1/2022 | NAP | 11/1/2022 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | Union Editorial NY, LLC | 11,500 | 6.5% | 5/31/2023 | H&M | 11,049 | 6.3% | 1/31/2030 | 9/14/2022 | NAP | 9/14/2022 |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/5/2022 | NAP | 4/5/2022 |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/31/2023 | NAP | 11/3/2022 |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/19/2022 | NAP | 10/13/2022 |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | Cascade Water Alliance | 7,323 | 6.4% | 11/30/2033 | Goldsmith Engineering | 7,091 | 6.2% | 12/31/2027 | 1/6/2023 | NAP | 1/6/2023 |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | |||||||||||
| 18.01 | Property | 1 | Big Lots - Tremont, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.02 | Property | 1 | Big Lots - Durant, OK | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.03 | Property | 1 | Badcock - LaGrange, GA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.04 | Property | 1 | Badcock - Mebane, NC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.05 | Property | 1 | Badcock - Mulberry, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.06 | Property | 1 | NAICO - Chandler, OK | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/5/2023 | |
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/5/2023 | NAP | 1/6/2023 | |
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/6/2023 | |
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/6/2023 | NAP | 1/6/2023 | |
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.17 | Property | 1 | Big Y - Milford, CT | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/6/2023 | NAP | 1/5/2023 | |
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/27/2023 | NAP | 1/25/2023 | |
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/5/2023 | |
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/6/2023 | |
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/3/2023 | |
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | Chase Bank | 4,396 | 4.2% | 6/30/2026 | Montessori Children's Center | 4,000 | 3.8% | 9/30/2026 | 2/21/2023 | NAP | 2/21/2023 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | |||||||||||
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/20/2022 | NAP | 10/20/2022 | |
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/20/2022 | NAP | 10/20/2022 | |
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/20/2022 | NAP | 10/20/2022 | |
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/19/2022 | NAP | 10/20/2022 | |
| 20.05 | Property | 1 | Stoney Creek Inn Galena | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/19/2022 | NAP | 10/20/2022 | |
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/20/2022 | NAP | 10/20/2022 | |
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/19/2022 | NAP | 10/20/2022 | |
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/20/2022 | NAP | 10/20/2022 | |
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | |||||||||||
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/23/2022 | NAP | 8/23/2022 | |
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/23/2022 | NAP | 8/23/2022 | |
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/23/2022 | NAP | 8/23/2022 | |
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/24/2022 | NAP | 8/24/2022 |
| A-1-15 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date |
| 23 | 23 | ||||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/8/2023 | NAP | 2/8/2023 |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/13/2022 | NAP | 9/13/2022 |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/16/2022 | NAP | 12/16/2022 | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/7/2022 | NAP | 10/7/2022 |
| 26 | Loan | 2 | 1 | Downtown Frederick | Mygomusin Frederick Downtown dba Juno Bakery | 2,500 | 9.6% | 10/31/2032 | Academy Mortgage Corp | 2,400 | 9.2% | 5/31/2024 | 2/15/2023 | NAP | 2/14/2023 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/13/2022 | NAP | 9/13/2022 |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | |||||||||||
| 28.01 | Property | 1 | 902 Spruce Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/29/2022 | NAP | 12/29/2022 | |
| 28.02 | Property | 1 | 2027 Pine Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/29/2022 | NAP | 12/29/2022 | |
| 28.03 | Property | 1 | 750-752 South Martin Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/29/2022 | NAP | 12/29/2022 | |
| 28.04 | Property | 1 | 716 South Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/29/2022 | NAP | 12/29/2022 | |
| 28.05 | Property | 1 | 716 South 2nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/29/2022 | NAP | 12/29/2022 | |
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/27/2023 | NAP | 2/27/2023 |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | Western Union Pay-o-Matic | 800 | 7.7% | 5/31/2028 | The Smoke Box | 325 | 3.1% | 11/30/2027 | 1/11/2023 | NAP | 1/11/2023 |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | |||||||||||
| 31.01 | Property | 1 | 372 Baltic Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/30/2022 | NAP | 12/30/2022 | |
| 31.02 | Property | 1 | 350 5th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/30/2022 | NAP | 12/30/2022 | |
| 32 | Loan | 10, 13 | 1 | 566 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/30/2022 | NAP | 12/30/2022 |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/10/2023 | NAP | 2/10/2023 |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | |||||||||||
| 34.01 | Property | 1 | Sherrill MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/20/2022 | NAP | 11/18/2022 | |
| 34.02 | Property | 1 | Ashburn MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/21/2022 | NAP | 11/17/2022 | |
| 34.03 | Property | 1 | Lyons MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/27/2022 | NAP | 11/21/2022 | |
| 34.04 | Property | 1 | Brookwood MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/19/2022 | NAP | 11/21/2022 | |
| 34.05 | Property | 1 | Mapletree MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/20/2022 | NAP | 11/21/2022 | |
| 34.06 | Property | 1 | Clanton MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/20/2022 | NAP | 11/22/2022 | |
| 34.07 | Property | 1 | Fort Valley MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/27/2022 | NAP | 11/18/2022 | |
| 34.08 | Property | 1 | Abbeville MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/21/2022 | NAP | 11/18/2022 | |
| 34.09 | Property | 1 | Rainelle MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/20/2022 | NAP | 11/18/2022 | |
| 34.10 | Property | 1 | Fitzgerald MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/19/2022 | NAP | 11/21/2022 | |
| 34.11 | Property | 1 | Verbena MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/22/2022 | NAP | 11/21/2022 | |
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | |||||||||||
| 35.01 | Property | 1 | CVS – Fredericksburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2023 | NAP | 2/22/2023 | |
| 35.02 | Property | 1 | CVS – Haughton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2023 | NAP | 2/22/2023 | |
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/30/2022 | NAP | 12/30/2022 |
| A-1-16 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) |
| 17 | 17 | 17 | 17 | 17 | 18 | 19 | 18 | 19 | 18 | ||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 11/22/2022 | 16% | No | Fee | NAP | NAP | NAP | NAP | 178,740 | 178,740 | 0 | Springing | 0 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 436,112 | 109,028 | 176,464 | 15,977 | 200,000 |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 10/24/2022 | 18% | No | Fee | NAP | NAP | NAP | NAP | 514,722 | 128,681 | 122,072 | 61,036 | 0 |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | NAP | NAP | Yes - AE | Fee / Leasehold | 8/12/2026 | 2, 6-year extension options | 1,080,000 | No | 0 | Springing | 0 | Springing | 0 |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 418,815 | 104,704 | 10,186 | 10,186 | 0 |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 256,420 | 85,473 | 0 | Springing | 169,543 |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | 0 | Springing | 0 | Springing | 0 | ||||||||
| 9.01 | Property | 1 | 401-405 Colorado | NAP | NAP | No | Leasehold | 12/31/2083 | 1, 25-year extension option | 328,740 | No | ||||||
| 9.02 | Property | 1 | 1900 Market | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 9.03 | Property | 1 | The Bulletin Building | NAP | NAP | No | Leasehold | 10/12/2116 | None | 0 | No | ||||||
| 9.04 | Property | 1 | Four Points Centre 3 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 9.05 | Property | 1 | 500 North Gulph | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 9.06 | Property | 1 | Metroplex – PA | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 9.07 | Property | 1 | 933 First Avenue | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 109,030 | 109,030 | 86,237 | 28,746 | 0 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 5,010 | 418 | 0 |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | NAP | NAP | No | Leasehold | 6/30/2060 | None | 5,089,118 | Yes | 276,774 | 276,774 | 62,040 | 20,680 | 0 |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 152,880 | 50,960 | 23,683 | 7,894 | 16,000 |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | NAP | NAP | Yes - A8 | Fee | NAP | NAP | NAP | NAP | 60,555 | 30,278 | 781,087 | 97,636 | 0 |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 1/6/2023 | 15% | No | Fee | NAP | NAP | NAP | NAP | 149,343 | 29,869 | 0 | Springing | 500,000 |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 0 | Springing | 0 | Springing | 0 | ||||||||
| 18.01 | Property | 1 | Big Lots - Tremont, PA | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | 1/3/2023 | 19% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | NAP | NAP | Yes - AH | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | 1/5/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | 1/3/2023 | 14% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | 1/3/2023 | 9% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | 1/3/2023 | 8% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | 1/3/2023 | 5% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | 1/3/2023 | 5% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | 1/5/2023 | 6% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | 1/3/2023 | 9% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | 1/4/2023 | 11% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | 1/3/2023 | 8% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | 1/4/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | 1/25/2023 | 15% | No | Leasehold | 12/31/2064 | 2, 10-year extension options | 615,850 | No | ||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | 1/3/2023 | 28% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | 1/3/2023 | 8% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | 1/5/2023 | 14% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | 1/4/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | 1/3/2023 | 5% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | 1/2/2023 | 5% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | 1/3/2023 | 12% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | 1/3/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | 1/3/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | 1/4/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | 1/4/2023 | 8% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | 1/3/2023 | 10% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | 1/3/2023 | 13% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | 1/3/2023 | 27% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | 1/3/2023 | 10% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | 1/3/2023 | 10% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | 1/3/2023 | 6% | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 2/17/2023 | 15% | No | Fee | NAP | NAP | NAP | NAP | 96,238 | 24,060 | 31,584 | 2,871 | 0 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 662,294 | 132,589 | 449,553 | 40,868 | 0 | ||||||||
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | NAP | NAP | Yes - AO | Fee | NAP | NAP | NAP | NAP | ||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | NAP | NAP | No | Fee | 1/6/2035 | 2, 15-year extension options | 72,500 | No | ||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | 0 | Springing | 0 | Springing | 0 | ||||||||
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
| A-1-17 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) |
| 17 | 17 | 17 | 17 | 17 | 18 | 19 | 18 | 19 | 18 | ||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 2/8/2023 | 9% | No | Fee | NAP | NAP | NAP | NAP | 41,263 | 13,754 | 23,274 | 4,655 | 0 |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 42,000 | 8,400 | 15,971 | 1,597 | 0 |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 37,287 | 5,073 | 15,535 | 1,479 | 0 | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 10/7/2022 | 16% | No | Fee | NAP | NAP | NAP | NAP | 4,099 | 4,099 | 14,349 | 2,391 | 0 |
| 26 | Loan | 2 | 1 | Downtown Frederick | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 124,732 | 15,592 | 59,983 | 4,999 | 0 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 35,794 | 7,158 | 7,904 | 2,636 | 0 |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 0 | 5,942 | 8,400 | 1,333 | 0 | ||||||||
| 28.01 | Property | 1 | 902 Spruce Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 28.02 | Property | 1 | 2027 Pine Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 28.04 | Property | 1 | 716 South Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 28.05 | Property | 1 | 716 South 2nd Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 15,906 | 3,977 | 7,270 | 1,212 | 0 |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | 2,714 | 2,585 | 3,150 | 500 | 0 | ||||||||
| 31.01 | Property | 1 | 372 Baltic Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 31.02 | Property | 1 | 350 5th Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 20,532 | 9,777 | 7,140 | 567 | 0 |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 109,091 | 13,636 | 0 | Springing | 1,873 |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 15,044 | 2,047 | 4,539 | 4,322 | 0 | ||||||||
| 34.01 | Property | 1 | Sherrill MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.02 | Property | 1 | Ashburn MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.03 | Property | 1 | Lyons MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.04 | Property | 1 | Brookwood MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.05 | Property | 1 | Mapletree MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.06 | Property | 1 | Clanton MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.07 | Property | 1 | Fort Valley MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.08 | Property | 1 | Abbeville MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.09 | Property | 1 | Rainelle MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.10 | Property | 1 | Fitzgerald MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 34.11 | Property | 1 | Verbena MHC | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 0 | Springing | 0 | Springing | 0 | ||||||||
| 35.01 | Property | 1 | CVS – Fredericksburg | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 35.02 | Property | 1 | CVS – Haughton | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | ||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 2,120 | 1,010 | 2,888 | 275 | 0 |
| A-1-18 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
| 19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | Springing | 402,666 | 0 | Springing | 1,651,332 | 0 | 0 | 0 | 0 | 14,539,077 | 0 |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 17,554 | 0 | 3,000,000 | Springing | 5,000,000 | 0 | 0 | 0 | 0 | 13,809,708 | Springing |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | 5,073 | 301,360 | 1,725,000 | Springing | 0 | 0 | 0 | 0 | 22,550 | 0 | Springing |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | 9,218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,125 | 9,452,054 | Springing |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | Springing | 619,992 | 4,068,135 | 0 | 0 | 0 | 0 | 0 | 0 | 743,644 | Springing |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | 5,622 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | Springing | 169,543 | 500,000 | Springing | 500,000 | 0 | 0 | 0 | 0 | 277,972 | Springing |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 165,113 | 26,113,792 | Springing |
| 9.01 | Property | 1 | 401-405 Colorado | ||||||||||||
| 9.02 | Property | 1 | 1900 Market | ||||||||||||
| 9.03 | Property | 1 | The Bulletin Building | ||||||||||||
| 9.04 | Property | 1 | Four Points Centre 3 | ||||||||||||
| 9.05 | Property | 1 | 500 North Gulph | ||||||||||||
| 9.06 | Property | 1 | Metroplex – PA | ||||||||||||
| 9.07 | Property | 1 | 933 First Avenue | ||||||||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | 4,658 | 0 | 0 | 14,780 | 886,783 | 0 | 0 | 0 | 0 | 11,598,000 | 0 |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | Springing | 0 | 0 | 0 | 0 | 164,961 | 0 | 0 | 0 | 0 | 0 |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | 4,732 | 113,566 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 576,965 | 0 |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | 2,944 | 0 | 0 | 36,802 | 0 | 0 | 0 | 0 | 0 | 4,655,585 | Springing |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 5,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | Springing | 0 | 0 | 4,362 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 46,128 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 255,300 | 12,086,099 | 50,273 |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | 1,907 | 0 | 1,300,000 | Springing | 1,300,000 | 0 | 0 | 0 | 0 | 1,657,835 | Springing |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,550 | 0 | Springing |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | ||||||||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | ||||||||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | ||||||||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | ||||||||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | ||||||||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | ||||||||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | ||||||||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | ||||||||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | ||||||||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | ||||||||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | ||||||||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | ||||||||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | ||||||||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | ||||||||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | ||||||||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | ||||||||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | ||||||||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | ||||||||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | ||||||||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | ||||||||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | ||||||||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | ||||||||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | ||||||||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | ||||||||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | ||||||||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | ||||||||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | ||||||||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | ||||||||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | ||||||||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | ||||||||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | ||||||||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | ||||||||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | ||||||||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | ||||||||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | ||||||||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | ||||||||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | ||||||||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | ||||||||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | ||||||||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | ||||||||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | ||||||||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | ||||||||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | 1,314 | 50,000 | 0 | 8,759 | 300,000 | 0 | 0 | 0 | 101,843 | 2,088,059 | 0 |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 93,677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 173,498 | 375,083 | 39,042 |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | ||||||||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | ||||||||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | ||||||||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | ||||||||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | ||||||||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | ||||||||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | ||||||||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | ||||||||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | ||||||||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | ||||||||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | ||||||||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS |
| A-1-19 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
| 19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 13,808 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,188 | 200,000 | 20,000 |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 5,293 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 10,272 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 1,990 | 0 | 0 | 1,474 | 0 | 0 | 0 | 0 | 6,250 | 0 | 0 |
| 26 | Loan | 2 | 1 | Downtown Frederick | 1,263 | 0 | 0 | 1,667 | 0 | 0 | 0 | 0 | 128,426 | 0 | 0 |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 2,160 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 985,980 | Springing |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 423 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,075 | 0 | 0 |
| 28.01 | Property | 1 | 902 Spruce Street | ||||||||||||
| 28.02 | Property | 1 | 2027 Pine Street | ||||||||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | ||||||||||||
| 28.04 | Property | 1 | 716 South Street | ||||||||||||
| 28.05 | Property | 1 | 716 South 2nd Street | ||||||||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 787 | 0 | 0 | 5,248 | 325,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | 139 | 5,004 | 0 | 653 | 0 | 0 | 0 | 0 | 10,925 | 70,000 | 0 |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | 233 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,140 | 24,000 | 0 |
| 31.01 | Property | 1 | 372 Baltic Street | ||||||||||||
| 31.02 | Property | 1 | 350 5th Street | ||||||||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 219 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 935 | 0 | 0 |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 1,873 | 0 | 0 | Springing | 204,031 | 0 | 0 | 0 | 0 | 0 | 0 |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 1,467 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,875 | 0 | 0 |
| 34.01 | Property | 1 | Sherrill MHC | ||||||||||||
| 34.02 | Property | 1 | Ashburn MHC | ||||||||||||
| 34.03 | Property | 1 | Lyons MHC | ||||||||||||
| 34.04 | Property | 1 | Brookwood MHC | ||||||||||||
| 34.05 | Property | 1 | Mapletree MHC | ||||||||||||
| 34.06 | Property | 1 | Clanton MHC | ||||||||||||
| 34.07 | Property | 1 | Fort Valley MHC | ||||||||||||
| 34.08 | Property | 1 | Abbeville MHC | ||||||||||||
| 34.09 | Property | 1 | Rainelle MHC | ||||||||||||
| 34.10 | Property | 1 | Fitzgerald MHC | ||||||||||||
| 34.11 | Property | 1 | Verbena MHC | ||||||||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 0 | 0 | 2,737 | 2,737 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 35.01 | Property | 1 | CVS – Fredericksburg | ||||||||||||
| 35.02 | Property | 1 | CVS – Haughton | ||||||||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 88 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,785 | 0 | 0 |
| A-1-20 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
| 20 | ||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | Outstanding TI/LC Reserve (Upfront: $10,222,200), Gap Rent Reserve (Upfront: $4,316,877) | 0 | NAP | NAP |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | Unfunded Obligations Reserve (Upfront: $13,809,708.28), Major Tenant Downgrade Funds (Monthly: Springing), Major Tenant Non-Renewal Funds (Monthly: Springing) | 0 | NAP | NAP |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | Primary Tenant Reserve | 0 | NAP | NAP |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | 0 | NAP | NAP | |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | Rent Abatement Reserve (Upfront: $9,402,054), Litigation Reserve (Upfront: $50,000, Monthly: Springing) | Litigation Reserve ($50,000) | NAP | NAP |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | Gap Rent Reserve (Upfront: $743,643.75), Rollover Reserve (Monthly: Springing) | Rollover Reserve ($2,094,342) | NAP | NAP |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | Amazon Lease Parking Reserve | 0 | NAP | NAP |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | Existing TI/LC Obligations (Mariner, Dogtopia, Pendulum, Lolas) (Upfront: $209,403), Existing Free and Gap Rent Obligations (Dogtopia) (Upfront: $54,353.32), Existing Free and Gap Rent Obligations (BioLife Plasma Services) (Upfront: $14,215.66), Critical Tenant Reserve (Monthly: Springing), Low DSCR Sweep Avoidance Reserve (Monthly: Springing) | Various | NAP | NAP |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | Outstanding TI/LC Reserve (Upfront: $23,692,032.03), Gap Rent Reserve (Upfront: $1,376,789.42), Free Rent Reserve (Upfront: $1,044,971), Ground Rent Reserve (Monthly: Springing) | 0 | NAP | NAP |
| 9.01 | Property | 1 | 401-405 Colorado | |||||
| 9.02 | Property | 1 | 1900 Market | |||||
| 9.03 | Property | 1 | The Bulletin Building | |||||
| 9.04 | Property | 1 | Four Points Centre 3 | |||||
| 9.05 | Property | 1 | 500 North Gulph | |||||
| 9.06 | Property | 1 | Metroplex – PA | |||||
| 9.07 | Property | 1 | 933 First Avenue | |||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | J&J Farms TI Reserve | 0 | NAP | NAP |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | 0 | NAP | NAP | |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | Free Rent Reserve | 0 | NAP | NAP |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | Unfunded Obligations Reserve (Upfront: $4,231,492), Ground Rent Reserve (Upfront: $424,093; Monthly: Springing), Façade Work Reserve (Monthly: Springing) | 0 | NAP | NAP |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | 0 | NAP | NAP | |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | 0 | NAP | NAP | |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | Room Renovation Reserve (Upfront: $10,755,069), Podium Renovation Reserve (Upfront: $727,752), Seasonality Reserve (Upfront: $603,278, Monthly: $50,273.13) | Seasonality Reserve ($1,206,555.12) | NAP | NAP |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | Rent Concessions Reserve (Upfront: $975,698.06), Existing TI/LC Obligations Reserve (Upfront: $682,137.30), Anchor Tenant Reserve (Monthly: Springing) | 0 | NAP | NAP |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | Save Mart LOC Reserve | 0 | NAP | NAP |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | |||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | |||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | |||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | |||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | |||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | |||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | |||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | |||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | |||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | |||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | |||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | |||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | |||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | |||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | |||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | |||||
| 18.17 | Property | 1 | Big Y - Milford, CT | |||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | |||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | |||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | |||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | |||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | |||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | |||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | |||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | |||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | |||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | |||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | |||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | |||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | |||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | |||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | |||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | |||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | |||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | |||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | |||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | |||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | |||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | |||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | |||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | |||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | |||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | Outstanding TI/LC Reserve (Upfront: $1,817,547), Free Rent Reserve (Upfront: $270,512.33) | 0 | NAP | NAP |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | Seasonality Reserve (Upfront: $363,000, Monthly: $33,000), Ground Rent Reserve (Upfront: $12,083.33, Monthly: $6,041.66) | 0 | NAP | NAP |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | |||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | |||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | |||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | |||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | |||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | |||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | |||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | |||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | 0 | NAP | NAP | |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | |||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | |||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | |||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS |
| A-1-21 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description |
| 20 | ||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | PIP Reserve | 399,200 | NAP | NAP |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | PIP Reserve | 0 | NAP | NAP |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 0 | NAP | NAP | ||
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | 0 | NAP | NAP | |
| 26 | Loan | 2 | 1 | Downtown Frederick | 0 | NAP | NAP | |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | PIP Reserve | 0 | NAP | NAP |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | 0 | NAP | NAP | |
| 28.01 | Property | 1 | 902 Spruce Street | |||||
| 28.02 | Property | 1 | 2027 Pine Street | |||||
| 28.03 | Property | 1 | 750-752 South Martin Street | |||||
| 28.04 | Property | 1 | 716 South Street | |||||
| 28.05 | Property | 1 | 716 South 2nd Street | |||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | 0 | NAP | NAP | |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | Free Rent Reserve | 0 | NAP | NAP |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | Violation Reserve | 0 | NAP | NAP |
| 31.01 | Property | 1 | 372 Baltic Street | |||||
| 31.02 | Property | 1 | 350 5th Street | |||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | 0 | NAP | NAP | |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | 0 | NAP | NAP | |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | 0 | NAP | NAP | |
| 34.01 | Property | 1 | Sherrill MHC | |||||
| 34.02 | Property | 1 | Ashburn MHC | |||||
| 34.03 | Property | 1 | Lyons MHC | |||||
| 34.04 | Property | 1 | Brookwood MHC | |||||
| 34.05 | Property | 1 | Mapletree MHC | |||||
| 34.06 | Property | 1 | Clanton MHC | |||||
| 34.07 | Property | 1 | Fort Valley MHC | |||||
| 34.08 | Property | 1 | Abbeville MHC | |||||
| 34.09 | Property | 1 | Rainelle MHC | |||||
| 34.10 | Property | 1 | Fitzgerald MHC | |||||
| 34.11 | Property | 1 | Verbena MHC | |||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | 0 | NAP | NAP | |
| 35.01 | Property | 1 | CVS – Fredericksburg | |||||
| 35.02 | Property | 1 | CVS – Haughton | |||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | 0 | NAP | NAP |
| A-1-22 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) |
| 26 | 26 | 9 | 9 | ||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | Hard | Springing | Yes | No | Yes | No | 65,000,000 | 635,000,000 | 3,334,045.82 | 3,675,326.10 | NAP |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | Hard | Springing | Yes | Yes | Yes | No | 65,000,000 | 180,000,000 | 903,537.95 | 1,229,815.54 | 20,000,000 |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | Hard (Commercial), Soft (Multifamily) | In Place | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | Hard | Springing | Yes | No | Yes | Yes | 50,000,000 | 25,000,000 | 129,355.32 | 388,065.97 | NAP |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | Hard | Springing | No | Yes | Yes | No | 48,000,000 | 133,000,000 | 855,156.13 | 1,163,783.91 | NAP |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | Hard | Springing | Yes | Yes | Yes | No | 46,500,000 | 323,500,000 | 1,612,359.19 | 1,844,120.25 | NAP |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | Hard | Springing | Yes | Yes | Yes | Yes | 40,000,000 | 20,500,000 | 104,928.21 | 309,666.17 | NAP |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | Hard | Springing | Yes | No | Yes | No | 38,750,001 | 206,249,999 | 1,023,790.14 | 1,216,138.60 | NAP |
| 9.01 | Property | 1 | 401-405 Colorado | ||||||||||||
| 9.02 | Property | 1 | 1900 Market | ||||||||||||
| 9.03 | Property | 1 | The Bulletin Building | ||||||||||||
| 9.04 | Property | 1 | Four Points Centre 3 | ||||||||||||
| 9.05 | Property | 1 | 500 North Gulph | ||||||||||||
| 9.06 | Property | 1 | Metroplex – PA | ||||||||||||
| 9.07 | Property | 1 | 933 First Avenue | ||||||||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | Hard | Springing | Yes | Yes | Yes | No | 38,000,000 | 59,500,000 | 364,974.65 | 598,067.71 | NAP |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | Hard | In Place | Yes | Yes | Yes | No | 30,000,000 | 74,000,000 | 378,265.05 | 531,615.74 | NAP |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | Hard | Springing | Yes | Yes | Yes | No | 28,573,776 | 98,265,913 | 728,742.41 | 940,646.23 | NAP |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | Springing | Springing | Yes | No | Yes | Yes | 28,192,000 | 27,000,000 | 112,237.50 | 229,430.08 | NAP |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | Hard | Springing | Yes | No | Yes | No | 23,671,096 | 24,667,773 | 178,082.29 | 348,969.33 | NAP |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | Hard | In Place | Yes | No | Yes | No | 22,500,000 | 317,500,000 | 1,646,568.23 | 1,763,254.17 | 85,000,000 |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | ||||||||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | ||||||||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | ||||||||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | ||||||||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | ||||||||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | ||||||||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | ||||||||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | ||||||||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | ||||||||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | ||||||||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | ||||||||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | ||||||||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | ||||||||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | ||||||||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | ||||||||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | ||||||||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | ||||||||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | ||||||||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | ||||||||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | ||||||||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | ||||||||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | ||||||||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | ||||||||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | ||||||||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | ||||||||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | ||||||||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | ||||||||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | ||||||||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | ||||||||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | ||||||||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | ||||||||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | ||||||||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | ||||||||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | ||||||||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | ||||||||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | ||||||||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | ||||||||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | ||||||||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | ||||||||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | ||||||||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | ||||||||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | ||||||||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | Hard | Springing | Yes | No | Yes | No | 13,900,000 | 17,000,000 | 106,781.64 | 194,091.33 | NAP |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | ||||||||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | ||||||||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | ||||||||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | ||||||||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | ||||||||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | ||||||||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | ||||||||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | ||||||||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | Hard | In Place | Yes | Yes | Yes | No | 11,500,000 | 49,595,000 | 285,151.16 | 351,271.50 | NAP |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | ||||||||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | ||||||||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | ||||||||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS |
| A-1-23 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) |
| 26 | 26 | 9 | 9 | ||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 26 | Loan | 2 | 1 | Downtown Frederick | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 28.01 | Property | 1 | 902 Spruce Street | ||||||||||||
| 28.02 | Property | 1 | 2027 Pine Street | ||||||||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | ||||||||||||
| 28.04 | Property | 1 | 716 South Street | ||||||||||||
| 28.05 | Property | 1 | 716 South 2nd Street | ||||||||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 31.01 | Property | 1 | 372 Baltic Street | ||||||||||||
| 31.02 | Property | 1 | 350 5th Street | ||||||||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 34.01 | Property | 1 | Sherrill MHC | ||||||||||||
| 34.02 | Property | 1 | Ashburn MHC | ||||||||||||
| 34.03 | Property | 1 | Lyons MHC | ||||||||||||
| 34.04 | Property | 1 | Brookwood MHC | ||||||||||||
| 34.05 | Property | 1 | Mapletree MHC | ||||||||||||
| 34.06 | Property | 1 | Clanton MHC | ||||||||||||
| 34.07 | Property | 1 | Fort Valley MHC | ||||||||||||
| 34.08 | Property | 1 | Abbeville MHC | ||||||||||||
| 34.09 | Property | 1 | Rainelle MHC | ||||||||||||
| 34.10 | Property | 1 | Fitzgerald MHC | ||||||||||||
| 34.11 | Property | 1 | Verbena MHC | ||||||||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | Hard | In Place | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP |
| 35.01 | Property | 1 | CVS – Fredericksburg | ||||||||||||
| 35.02 | Property | 1 | CVS – Haughton | ||||||||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP |
| A-1-24 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) |
| 9 | 14 | 9 | 14 | 13 | ||||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | NAP | 700,000,000 | 3,675,326.10 | 38.4% | 1.92 | 12.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | 15.50000% | 265,000,000 | 1,491,736.84 | 51.7% | 1.79 | 12.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | NAP | 75,000,000 | 388,065.97 | 51.4% | 2.32 | 15.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | NAP | 181,000,000 | 1,163,783.91 | 51.7% | 1.23 | 9.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | NAP | 370,000,000 | 1,844,120.25 | 54.5% | 2.10 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | NAP | 60,500,000 | 309,666.17 | 54.9% | 2.19 | 13.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | NAP | 245,000,000 | 1,216,138.60 | 39.7% | 2.80 | 18.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 9.01 | Property | 1 | 401-405 Colorado | |||||||||||||||
| 9.02 | Property | 1 | 1900 Market | |||||||||||||||
| 9.03 | Property | 1 | The Bulletin Building | |||||||||||||||
| 9.04 | Property | 1 | Four Points Centre 3 | |||||||||||||||
| 9.05 | Property | 1 | 500 North Gulph | |||||||||||||||
| 9.06 | Property | 1 | Metroplex – PA | |||||||||||||||
| 9.07 | Property | 1 | 933 First Avenue | |||||||||||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | NAP | 97,500,000 | 598,067.71 | 56.4% | 1.42 | 10.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | NAP | 104,000,000 | 531,615.74 | 62.3% | 1.47 | 9.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | NAP | 126,839,689 | 940,646.23 | 59.0% | 1.38 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | NAP | 55,192,000 | 229,430.08 | 63.9% | 1.58 | 8.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | NAP | 48,338,869 | 348,969.33 | 34.5% | 2.89 | 27.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | 6.13800% | 425,000,000 | 2,204,067.71 | 40.4% | 2.16 | 14.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | |||||||||||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | |||||||||||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | |||||||||||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | |||||||||||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | |||||||||||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | |||||||||||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | |||||||||||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | |||||||||||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | |||||||||||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | |||||||||||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | |||||||||||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | |||||||||||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | |||||||||||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | |||||||||||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | |||||||||||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | |||||||||||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | |||||||||||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | |||||||||||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | |||||||||||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | |||||||||||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | |||||||||||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | |||||||||||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | |||||||||||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | |||||||||||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | |||||||||||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | |||||||||||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | |||||||||||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | |||||||||||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | |||||||||||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | |||||||||||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | |||||||||||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | |||||||||||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | |||||||||||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | |||||||||||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | |||||||||||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | |||||||||||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | |||||||||||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | |||||||||||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | |||||||||||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | |||||||||||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | |||||||||||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | |||||||||||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | NAP | 30,900,000 | 194,091.33 | 45.1% | 2.90 | 25.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | |||||||||||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | |||||||||||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | |||||||||||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | |||||||||||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | |||||||||||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | |||||||||||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | |||||||||||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | |||||||||||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | NAP | 61,095,000 | 351,271.50 | 48.9% | 1.83 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | |||||||||||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | |||||||||||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | |||||||||||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS |
| A-1-25 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) |
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 26 | Loan | 2 | 1 | Downtown Frederick | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| 28.01 | Property | 1 | 902 Spruce Street | |||||||||||||||
| 28.02 | Property | 1 | 2027 Pine Street | |||||||||||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | |||||||||||||||
| 28.04 | Property | 1 | 716 South Street | |||||||||||||||
| 28.05 | Property | 1 | 716 South 2nd Street | |||||||||||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| 31.01 | Property | 1 | 372 Baltic Street | |||||||||||||||
| 31.02 | Property | 1 | 350 5th Street | |||||||||||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 34.01 | Property | 1 | Sherrill MHC | |||||||||||||||
| 34.02 | Property | 1 | Ashburn MHC | |||||||||||||||
| 34.03 | Property | 1 | Lyons MHC | |||||||||||||||
| 34.04 | Property | 1 | Brookwood MHC | |||||||||||||||
| 34.05 | Property | 1 | Mapletree MHC | |||||||||||||||
| 34.06 | Property | 1 | Clanton MHC | |||||||||||||||
| 34.07 | Property | 1 | Fort Valley MHC | |||||||||||||||
| 34.08 | Property | 1 | Abbeville MHC | |||||||||||||||
| 34.09 | Property | 1 | Rainelle MHC | |||||||||||||||
| 34.10 | Property | 1 | Fitzgerald MHC | |||||||||||||||
| 34.11 | Property | 1 | Verbena MHC | |||||||||||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
| 35.01 | Property | 1 | CVS – Fredericksburg | |||||||||||||||
| 35.02 | Property | 1 | CVS – Haughton | |||||||||||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
| A-1-26 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) |
| 13 | 24 | 32 | |||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | NAP | The Macerich Partnership, L.P. and Institutional Mall Investors LLC | The Macerich Partnership, L.P. and Institutional Mall Investors LLC | No | No |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | Future Mezzanine Loan | Charles Steven Cohen | Charles Steven Cohen | No | No |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | NAP | Meyer Chetrit | Meyer Chetrit | No | No |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | NAP | Simon Property Group, L.P. | Simon Property Group, L.P. | No | No |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | Future Mezzanine Loan | Ezra Danziger, Paul Reisz and Solomon Weber | Ezra Danziger, Paul Reisz and Solomon Weber | No | No |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | NAP | The Macerich Partnership, L.P. | The Macerich Partnership, L.P. | No | No |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | NAP | Mirabaud RE South Lake Owner LLC | NAP | No | No |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | NAP | Jeffrey L. Olyan | Jeffrey L. Olyan | No | No |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | NAP | Brandywine Operating Partnership, L.P. | Brandywine Operating Partnership, L.P. | No | No |
| 9.01 | Property | 1 | 401-405 Colorado | ||||||
| 9.02 | Property | 1 | 1900 Market | ||||||
| 9.03 | Property | 1 | The Bulletin Building | ||||||
| 9.04 | Property | 1 | Four Points Centre 3 | ||||||
| 9.05 | Property | 1 | 500 North Gulph | ||||||
| 9.06 | Property | 1 | Metroplex – PA | ||||||
| 9.07 | Property | 1 | 933 First Avenue | ||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | NAP | Simcha Friedman and Moris Schlager | Simcha Friedman and Moris Schlager | No | No |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | NAP | George Hicker and Kathryn Hicker | George Hicker and Kathryn Hicker | No | No |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | NAP | Hana Alternative Asset Management Co., Ltd. | NAP | No | No |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | NAP | Peter M. Brant | Peter M. Brant | No | No |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | NAP | Christopher Urso and Lisa Urso | Christopher Urso and Lisa Urso | No | No |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | NAP | AC DataCom JV, LLC | AC DataCom JV, LLC | No | No |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | NAP | Bart Blatstein | Bart Blatstein | No | No |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | Future Mezzanine Loan | Felton Properties, Inc. | Matthew J. Felton | No | No |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | NAP | Blue Owl Capital, Inc. and Oak Street Real Estate Capital, LLC | Oak Street Real Estate Capital Net Lease Property Fund, LP, Oak Street Real Estate Capital Net Lease Property Fund (A), LP and Oak Street Real Estate Capital Net Lease Property Fund (P), LP | No | No |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | ||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | ||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | ||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | ||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | ||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | ||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | ||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | ||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | ||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | ||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | ||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | ||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | ||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | ||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | ||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | ||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | ||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | ||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | ||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | ||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | ||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | ||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | ||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | ||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | ||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | ||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | ||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | ||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | ||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | ||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | ||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | ||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | ||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | ||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | ||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | ||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | ||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | ||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | ||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | ||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | ||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | ||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | NAP | National Credit Tenant Investments, LLC, Jon W. Bell, Richard E. Cramer and Linda Marie Mickel (a/k/a Linda M. Montana) and City National Bank, N.A. as co-trustees of The Linda Marie Mickel Trust U/T/D September 29, 1992 | National Credit Tenant Investments, LLC, Jon W. Bell, Richard E. Cramer and Linda Marie Mickel (a/k/a Linda M. Montana) and City National Bank, N.A. as co-trustees of The Linda Marie Mickel Trust U/T/D September 29, 1992 | No | Yes |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | NAP | Stoney Creek Hospitality Corporation | SCI Lodging Group, L.L.C. | No | No |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | ||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | ||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | ||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | ||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | ||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | ||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | ||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | ||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | NAP | LCN North American Fund III, L.P. | LCN North American Fund III REIT | No | No |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | ||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | ||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | ||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS |
| A-1-27 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) |
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | NAP | Timothy Crane | Timothy Crane | No | No |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | NAP | Ujagar Singh | Ujagar Singh | No | No |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | NAP | Aman Parekh and Nandit Mehta | Aman Parekh and Nandit Mehta | No | No | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | NAP | Berge Jalakian | Berge Jalakian | No | No |
| 26 | Loan | 2 | 1 | Downtown Frederick | NAP | Thomas F. Taft, Sr. | Thomas F. Taft, Sr. | No | No |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | NAP | Ujagar Singh | Ujagar Singh | No | No |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | Future Mezzanine Loan | Abe Cohen | Abe Cohen | No | No |
| 28.01 | Property | 1 | 902 Spruce Street | ||||||
| 28.02 | Property | 1 | 2027 Pine Street | ||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | ||||||
| 28.04 | Property | 1 | 716 South Street | ||||||
| 28.05 | Property | 1 | 716 South 2nd Street | ||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | NAP | Anthony Belviso and Carmelo Polito | Anthony Belviso and Carmelo Polito | No | No |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | NAP | Joel Jacob and Yitzchok Pfeiffer | Joel Jacob and Yitzchok Pfeiffer | No | No |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | Future Mezzanine Loan | Abe Cohen | Abe Cohen | No | No |
| 31.01 | Property | 1 | 372 Baltic Street | ||||||
| 31.02 | Property | 1 | 350 5th Street | ||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | Future Mezzanine Loan | Abe Cohen | Abe Cohen | No | No |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | NAP | TEI LLC | TEI LLC | No | No |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | NAP | Amir Bazli | Amir Bazli | No | No |
| 34.01 | Property | 1 | Sherrill MHC | ||||||
| 34.02 | Property | 1 | Ashburn MHC | ||||||
| 34.03 | Property | 1 | Lyons MHC | ||||||
| 34.04 | Property | 1 | Brookwood MHC | ||||||
| 34.05 | Property | 1 | Mapletree MHC | ||||||
| 34.06 | Property | 1 | Clanton MHC | ||||||
| 34.07 | Property | 1 | Fort Valley MHC | ||||||
| 34.08 | Property | 1 | Abbeville MHC | ||||||
| 34.09 | Property | 1 | Rainelle MHC | ||||||
| 34.10 | Property | 1 | Fitzgerald MHC | ||||||
| 34.11 | Property | 1 | Verbena MHC | ||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | NAP | Howard Ruskin, Marilyn Lustbader, M & ML Partnership, L.P. and Ruskin Family Limited Partnership | Howard Ruskin, Marilyn Lustbader, M & ML Partnership, L.P. and Ruskin Family Limited Partnership | No | No |
| 35.01 | Property | 1 | CVS – Fredericksburg | ||||||
| 35.02 | Property | 1 | CVS – Haughton | ||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | Future Mezzanine Loan | Abe Cohen | Abe Cohen | No | No |
| A-1-28 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration |
| 29 | |||||||||||||||||||
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | Refinance | No | 700,000,000 | 0 | 0 | 0 | 700,000,000 | 404,875,080 | 0 | 1,932,303 | 14,539,077 | 278,653,540 | 0 | 700,000,000 | NAP |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | Refinance | No | 245,000,000 | 0 | 20,000,000 | 0 | 265,000,000 | 159,759,913 | 0 | 3,702,852 | 16,988,449 | 84,548,786 | 0 | 265,000,000 | NAP |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | Refinance | No | 54,500,000 | 67,249 | 0 | 0 | 54,567,249 | 46,490,200 | 0 | 5,516,924 | 2,560,126 | 0 | 0 | 54,567,249 | NAP |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | Refinance | No | 75,000,000 | 11,269,500 | 0 | 0 | 86,269,500 | 85,407,237 | 0 | 862,263 | 0 | 0 | 0 | 86,269,500 | NAP |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | Refinance | Yes | 181,000,000 | 0 | 0 | 0 | 181,000,000 | 130,724,472 | 0 | 24,015,699 | 10,096,973 | 16,162,856 | 0 | 181,000,000 | NAP |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | Refinance | No | 370,000,000 | 11,744,495 | 0 | 0 | 381,744,495 | 364,192,834 | 0 | 12,739,883 | 4,811,779 | 0 | 0 | 381,744,495 | NAP |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | Acquisition | No | 60,500,000 | 53,186,155 | 0 | 0 | 113,686,155 | 0 | 110,250,000 | 3,007,154 | 429,001 | 0 | 0 | 113,686,155 | NAP |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | Refinance | No | 40,000,000 | 0 | 0 | 0 | 40,000,000 | 34,934,023 | 0 | 1,339,639 | 1,203,935 | 2,522,403 | 0 | 40,000,000 | NAP |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | Recapitalization | 245,000,000 | 0 | 0 | 0 | 245,000,000 | 0 | 0 | 9,282,874 | 26,278,905 | 209,438,221 | 0 | 245,000,000 | NAP | |
| 9.01 | Property | 1 | 401-405 Colorado | No | NAP | ||||||||||||||
| 9.02 | Property | 1 | 1900 Market | No | NAP | ||||||||||||||
| 9.03 | Property | 1 | The Bulletin Building | No | NAP | ||||||||||||||
| 9.04 | Property | 1 | Four Points Centre 3 | No | NAP | ||||||||||||||
| 9.05 | Property | 1 | 500 North Gulph | No | NAP | ||||||||||||||
| 9.06 | Property | 1 | Metroplex – PA | No | NAP | ||||||||||||||
| 9.07 | Property | 1 | 933 First Avenue | No | NAP | ||||||||||||||
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | Acquisition | No | 97,500,000 | 31,613,758 | 0 | 15,000,000 | 144,113,758 | 0 | 130,500,000 | 1,820,491 | 11,793,267 | 0 | 0 | 144,113,758 | NAP |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | Acquisition | No | 31,200,000 | 21,876,810 | 0 | 0 | 53,076,810 | 0 | 52,000,000 | 906,838 | 169,971 | 0 | 0 | 53,076,810 | NAP |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | Refinance | No | 104,000,000 | 6,040,126 | 0 | 0 | 110,040,126 | 102,939,853 | 0 | 6,523,308 | 576,965 | 0 | 0 | 110,040,126 | NAP |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | Refinance | No | 127,400,000 | 5,592,260 | 0 | 0 | 132,992,260 | 123,945,221 | 0 | 4,052,640 | 4,994,399 | 0 | 0 | 132,992,260 | NAP |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | Refinance | No | 55,192,000 | 0 | 0 | 0 | 55,192,000 | 37,190,041 | 0 | 1,435,126 | 192,563 | 16,374,269 | 0 | 55,192,000 | NAP |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | Acquisition | Yes | 26,400,000 | 29,390,710 | 0 | 0 | 55,790,710 | 0 | 55,000,000 | 790,710 | 0 | 0 | 0 | 55,790,710 | NAP |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | Refinance | No | NAP | ||||||||||||
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | Acquisition | No | NAP | ||||||||||||
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | Recapitalization | NAP | |||||||||||||
| 18.01 | Property | 1 | Big Lots - Tremont, PA | No | NAP | ||||||||||||||
| 18.02 | Property | 1 | Big Lots - Durant, OK | No | NAP | ||||||||||||||
| 18.03 | Property | 1 | Badcock - LaGrange, GA | No | NAP | ||||||||||||||
| 18.04 | Property | 1 | Badcock - Mebane, NC | No | NAP | ||||||||||||||
| 18.05 | Property | 1 | Badcock - Mulberry, FL | No | NAP | ||||||||||||||
| 18.06 | Property | 1 | NAICO - Chandler, OK | No | NAP | ||||||||||||||
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | No | NAP | ||||||||||||||
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | No | NAP | ||||||||||||||
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | No | NAP | ||||||||||||||
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | No | NAP | ||||||||||||||
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | No | NAP | ||||||||||||||
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | No | NAP | ||||||||||||||
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | No | NAP | ||||||||||||||
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | No | NAP | ||||||||||||||
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | No | NAP | ||||||||||||||
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | No | NAP | ||||||||||||||
| 18.17 | Property | 1 | Big Y - Milford, CT | No | NAP | ||||||||||||||
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | No | NAP | ||||||||||||||
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | No | NAP | ||||||||||||||
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | No | NAP | ||||||||||||||
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | No | NAP | ||||||||||||||
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | No | NAP | ||||||||||||||
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | No | NAP | ||||||||||||||
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | No | NAP | ||||||||||||||
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | No | NAP | ||||||||||||||
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | No | NAP | ||||||||||||||
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | No | NAP | ||||||||||||||
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | No | NAP | ||||||||||||||
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | No | NAP | ||||||||||||||
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | No | NAP | ||||||||||||||
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | No | NAP | ||||||||||||||
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | No | NAP | ||||||||||||||
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | No | NAP | ||||||||||||||
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | No | NAP | ||||||||||||||
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | No | NAP | ||||||||||||||
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | No | NAP | ||||||||||||||
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | No | NAP | ||||||||||||||
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | No | NAP | ||||||||||||||
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | No | NAP | ||||||||||||||
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | No | NAP | ||||||||||||||
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | No | NAP | ||||||||||||||
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | No | NAP | ||||||||||||||
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | Refinance | No | NAP | ||||||||||||
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | Refinance | NAP | |||||||||||||
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | No | NAP | ||||||||||||||
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | No | NAP | ||||||||||||||
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | No | NAP | ||||||||||||||
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | No | NAP | ||||||||||||||
| 20.05 | Property | 1 | Stoney Creek Inn Galena | No | NAP | ||||||||||||||
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | No | NAP | ||||||||||||||
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | No | NAP | ||||||||||||||
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | No | NAP | ||||||||||||||
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | Acquisition | NAP | |||||||||||||
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | No | NAP | ||||||||||||||
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | No | NAP | ||||||||||||||
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | No | NAP | ||||||||||||||
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | No | NAP |
| A-1-29 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration |
| 29 | |||||||||||||||||||
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | Refinance | No | 12/16/2036 | ||||||||||||
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | Refinance | No | 10/31/2039 | ||||||||||||
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | Refinance | No | 3/31/2038 | |||||||||||||
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | Refinance | No | NAP | ||||||||||||
| 26 | Loan | 2 | 1 | Downtown Frederick | Refinance | No | NAP | ||||||||||||
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | Refinance | No | 2/17/2038 | ||||||||||||
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | Refinance | NAP | |||||||||||||
| 28.01 | Property | 1 | 902 Spruce Street | No | NAP | ||||||||||||||
| 28.02 | Property | 1 | 2027 Pine Street | No | NAP | ||||||||||||||
| 28.03 | Property | 1 | 750-752 South Martin Street | No | NAP | ||||||||||||||
| 28.04 | Property | 1 | 716 South Street | No | NAP | ||||||||||||||
| 28.05 | Property | 1 | 716 South 2nd Street | No | NAP | ||||||||||||||
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | Refinance | No | NAP | ||||||||||||
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | Refinance | No | NAP | ||||||||||||
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | Refinance | NAP | |||||||||||||
| 31.01 | Property | 1 | 372 Baltic Street | No | NAP | ||||||||||||||
| 31.02 | Property | 1 | 350 5th Street | No | NAP | ||||||||||||||
| 32 | Loan | 10, 13 | 1 | 566 7th Street | Refinance | No | NAP | ||||||||||||
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | Refinance | No | NAP | ||||||||||||
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | Refinance | NAP | |||||||||||||
| 34.01 | Property | 1 | Sherrill MHC | No | NAP | ||||||||||||||
| 34.02 | Property | 1 | Ashburn MHC | No | NAP | ||||||||||||||
| 34.03 | Property | 1 | Lyons MHC | No | NAP | ||||||||||||||
| 34.04 | Property | 1 | Brookwood MHC | No | NAP | ||||||||||||||
| 34.05 | Property | 1 | Mapletree MHC | No | NAP | ||||||||||||||
| 34.06 | Property | 1 | Clanton MHC | No | NAP | ||||||||||||||
| 34.07 | Property | 1 | Fort Valley MHC | No | NAP | ||||||||||||||
| 34.08 | Property | 1 | Abbeville MHC | No | NAP | ||||||||||||||
| 34.09 | Property | 1 | Rainelle MHC | No | NAP | ||||||||||||||
| 34.10 | Property | 1 | Fitzgerald MHC | No | NAP | ||||||||||||||
| 34.11 | Property | 1 | Verbena MHC | No | NAP | ||||||||||||||
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | Refinance | NAP | |||||||||||||
| 35.01 | Property | 1 | CVS – Fredericksburg | No | NAP | ||||||||||||||
| 35.02 | Property | 1 | CVS – Haughton | No | NAP | ||||||||||||||
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | Refinance | No | NAP |
| A-1-30 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
| 1 | Loan | 1, 7, 8, 10, 12, 18, 19 | 1 | Scottsdale Fashion Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 2 | Loan | 1, 2, 7, 12, 13, 19, 23, 30 | 1 | Pacific Design Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 3 | Loan | 2, 3, 4, 19, 20, 23, 30 | 1 | 2 Executive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 4 | Loan | 1, 7, 12, 19, 24 | 1 | Gloucester Premium Outlets | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 5 | Loan | 7, 12, 13, 19, 29 | 1 | Rialto Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 6 | Loan | 1, 5, 7, 10, 17, 19, 20, 21, 26, 27 | 1 | Green Acres | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 7 | Loan | 7, 19, 23, 24, 26, 28, 31 | 1 | South Lake at Dulles | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 8 | Loan | 19, 20 | 1 | Cityview Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 9 | Loan | 1, 5, 6, 7, 17, 18, 19, 23 | 7 | Brandywine Strategic Office Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 9.01 | Property | 1 | 401-405 Colorado | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.02 | Property | 1 | 1900 Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.03 | Property | 1 | The Bulletin Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.04 | Property | 1 | Four Points Centre 3 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.05 | Property | 1 | 500 North Gulph | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.06 | Property | 1 | Metroplex – PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 9.07 | Property | 1 | 933 First Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 10 | Loan | 1, 4, 5, 7, 12, 20 | 1 | 100 Jefferson Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 11 | Loan | 11, 19 | 1 | Walgreens Distribution Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 12 | Loan | 7, 18, 24 | 1 | Sentinel Square II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 13 | Loan | 1, 2, 7, 17, 19, 23, 31 | 1 | 575 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 14 | Loan | 1, 7, 10 | 1 | Latitude at South Portland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 15 | Loan | 2, 19, 29 | 1 | Fibertown Data Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 16 | Loan | 7, 19, 20 | 1 | The Showboat Hotel | 149.26 | 79.27 | 53.1% | 149.26 | 79.27 | 53.1% | 134.11 | 70.10 | 52.3% | 104.19 | 37.66 | 36.1% |
| 17 | Loan | 13, 19, 20 | 1 | Gateway One | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 18 | Loan | 1, 6, 7, 12, 16, 17, 19, 31 | 42 | Oak Street NLP Fund Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 18.01 | Property | 1 | Big Lots - Tremont, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.02 | Property | 1 | Big Lots - Durant, OK | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.03 | Property | 1 | Badcock - LaGrange, GA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.04 | Property | 1 | Badcock - Mebane, NC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.05 | Property | 1 | Badcock - Mulberry, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.06 | Property | 1 | NAICO - Chandler, OK | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.07 | Property | 1 | Save Mart Supermarkets - San Pablo, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.08 | Property | 1 | Nation Safe Driver - Boca Raton, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.09 | Property | 1 | Save Mart Supermarkets - Fresno, CA (4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.10 | Property | 1 | Save Mart Supermarkets - El Cerrito, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.11 | Property | 1 | Save Mart Supermarkets - Stockton, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.12 | Property | 1 | Save Mart Supermarkets - Modesto, CA (4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.13 | Property | 1 | Save Mart Supermarkets - Grass Valley, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.14 | Property | 1 | Save Mart Supermarkets - Fresno, CA (5) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.15 | Property | 1 | Save Mart Supermarkets - Ceres, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.16 | Property | 1 | Save Mart Supermarkets - Bakersfield, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.17 | Property | 1 | Big Y - Milford, CT | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.18 | Property | 1 | Save Mart Supermarkets - Sparks, NV (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.19 | Property | 1 | Save Mart Supermarkets - Tracy, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.20 | Property | 1 | Save Mart Supermarkets - Folsom, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.21 | Property | 1 | Save Mart Supermarkets - Tracy, CA (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.22 | Property | 1 | Save Mart Supermarkets - Napa, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.23 | Property | 1 | Badcock - Mulberry, FL (4) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.24 | Property | 1 | Save Mart Supermarkets - Chico, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.25 | Property | 1 | Save Mart Supermarkets - Salinas, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.26 | Property | 1 | Save Mart Supermarkets - Kingsburg, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.27 | Property | 1 | Save Mart Supermarkets - Clovis, CA (3) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.28 | Property | 1 | Save Mart Supermarkets - Clovis, CA (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.29 | Property | 1 | Save Mart Supermarkets - Vacaville, CA (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.30 | Property | 1 | Save Mart Supermarkets - Elk Grove, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.31 | Property | 1 | Save Mart Supermarkets - Manteca, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.32 | Property | 1 | Save Mart Supermarkets - Fresno, CA (3) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.33 | Property | 1 | Save Mart Supermarkets - Lodi, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.34 | Property | 1 | Save Mart Supermarkets - Sparks, NV | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.35 | Property | 1 | Save Mart Supermarkets - Carson City, NV | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.36 | Property | 1 | Save Mart Supermarkets - Oakland, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.37 | Property | 1 | Save Mart Supermarkets - Coalinga, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.38 | Property | 1 | Save Mart Supermarkets - Marysville, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.39 | Property | 1 | Save Mart Supermarkets - Jackson, CA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.40 | Property | 1 | Badcock - Mulberry, FL (3) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.41 | Property | 1 | Badcock - Mulberry, FL (2) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 18.42 | Property | 1 | Badcock - Mulberry, FL (5) | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 19 | Loan | 4, 24, 32 | 1 | Valley View Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 20 | Loan | 6, 7, 17, 19 | 8 | Stoney Creek Hotel Portfolio | 117.92 | 59.78 | 50.7% | 117.92 | 59.78 | 50.7% | 115.37 | 52.19 | 45.2% | 153.15 | 32.14 | 21.0% |
| 20.01 | Property | 1 | Stoney Creek Hotel St. Joseph | 107.54 | 76.57 | 71.2% | 107.48 | 76.54 | 71.2% | 100.83 | 65.87 | 65.3% | 128.97 | 48.87 | 37.9% | |
| 20.02 | Property | 1 | Stoney Creek Hotel Sioux City | 127.27 | 68.30 | 53.7% | 127.27 | 68.30 | 53.7% | 128.90 | 63.52 | 49.3% | 163.83 | 41.75 | 25.5% | |
| 20.03 | Property | 1 | Stoney Creek Hotel Columbia | 114.61 | 58.45 | 51.0% | 114.56 | 58.45 | 51.0% | 111.72 | 43.69 | 39.1% | 187.30 | 18.96 | 10.1% | |
| 20.04 | Property | 1 | Stoney Creek Hotel Des Moines – Johnston | 119.99 | 42.72 | 35.6% | 119.99 | 42.72 | 35.6% | 122.15 | 38.12 | 31.2% | 149.15 | 27.32 | 18.3% | |
| 20.05 | Property | 1 | Stoney Creek Inn Galena | 139.79 | 82.48 | 59.0% | 139.79 | 82.52 | 59.0% | 133.77 | 81.44 | 60.9% | 141.65 | 41.59 | 29.4% | |
| 20.06 | Property | 1 | Stoney Creek Hotel Quad Cities – Moline | 113.48 | 54.58 | 48.1% | 113.48 | 54.62 | 48.1% | 112.44 | 44.01 | 39.1% | 186.48 | 22.25 | 11.9% | |
| 20.07 | Property | 1 | Stoney Creek Hotel Peoria | 116.19 | 46.06 | 39.6% | 116.19 | 46.06 | 39.6% | 112.30 | 41.01 | 36.5% | 166.70 | 25.87 | 15.5% | |
| 20.08 | Property | 1 | Stoney Creek Inn Quincy | 113.04 | 70.54 | 62.4% | 113.03 | 70.51 | 62.4% | 105.81 | 66.50 | 62.9% | 137.10 | 48.22 | 35.2% | |
| 21 | Loan | 5, 6, 7, 12, 19, 28 | 4 | Orizon Aerostructures | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 21.01 | Property | 1 | 2522 and 2526 W. 21st Street, Chanute, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21.02 | Property | 1 | 500 Industrial Road A, Grove, OK | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21.03 | Property | 1 | 801 W. Old 56 Hwy, Olathe, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 21.04 | Property | 1 | 615 W. Cherry Street, Chanute, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| A-1-31 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
| Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
| 22 | Loan | 19, 20 | 1 | Holiday Inn Express - Hesperia | 130.05 | 111.65 | 85.9% | 130.05 | 111.65 | 85.9% | 128.31 | 110.16 | 85.9% | NAP | NAP | NAP |
| 23 | Loan | 19 | 1 | Fairfield Inn & Suites Wake Forest | 122.29 | 94.57 | 77.3% | 122.29 | 94.57 | 77.3% | 104.39 | 78.82 | 75.5% | 93.07 | 40.02 | 43.0% |
| 24 | Loan | 1 | Home2 Suites by Hilton Mechanicsburg | 123.43 | 92.76 | 75.1% | 123.43 | 92.76 | 75.1% | 114.23 | 90.46 | 79.2% | 101.77 | 50.41 | 49.5% | |
| 25 | Loan | 2, 30 | 1 | Pomona Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 26 | Loan | 2 | 1 | Downtown Frederick | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 27 | Loan | 5, 19 | 1 | Holiday Inn Express Smithfield | 113.36 | 88.06 | 77.7% | 113.36 | 88.06 | 77.7% | 97.24 | 66.61 | 68.5% | 100.00 | 49.50 | 49.5% |
| 28 | Loan | 2, 6, 10, 13 | 5 | Pennbrook Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 28.01 | Property | 1 | 902 Spruce Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.02 | Property | 1 | 2027 Pine Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.03 | Property | 1 | 750-752 South Martin Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.04 | Property | 1 | 716 South Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 28.05 | Property | 1 | 716 South 2nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 29 | Loan | 19 | 1 | Giant Eagle Northfield Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 30 | Loan | 2, 5 | 1 | 1290 Fulton Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 31 | Loan | 6, 10, 13 | 2 | 350 5th St & 372 Baltic St | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 31.01 | Property | 1 | 372 Baltic Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 31.02 | Property | 1 | 350 5th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 32 | Loan | 10, 13 | 1 | 566 7th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 33 | Loan | 10,19 | 1 | 1745 Illinois Route 59 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 34 | Loan | 6 | 11 | Southeast MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 34.01 | Property | 1 | Sherrill MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.02 | Property | 1 | Ashburn MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.03 | Property | 1 | Lyons MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.04 | Property | 1 | Brookwood MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.05 | Property | 1 | Mapletree MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.06 | Property | 1 | Clanton MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.07 | Property | 1 | Fort Valley MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.08 | Property | 1 | Abbeville MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.09 | Property | 1 | Rainelle MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.10 | Property | 1 | Fitzgerald MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 34.11 | Property | 1 | Verbena MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 35 | Loan | 6, 10, 15, 19 | 2 | CVS Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| 35.01 | Property | 1 | CVS – Fredericksburg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 35.02 | Property | 1 | CVS – Haughton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
| 36 | Loan | 10, 13 | 1 | 60 Diamond Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
| A-1-32 |
| Footnotes to Annex A-1 | |
| (1) | “Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller, “SGFC” denotes Société Générale Financial Corporation as Mortgage Loan Seller, “AREF” denotes Argentic Real Estate Finance LLC as Mortgage Loan Seller, “AREF2” denotes Argentic Real Estate Finance 2 LLC as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller, “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller. With respect to Loan No. 1, Scottsdale Fashion Square, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Deutsche Bank AG, New York Branch. With respect to Loan No. 2, Pacific Design Center, the mortgage loan is part of a whole loan that was originated by Goldman Sachs Bank USA, and the mortgage loan was purchased by AREF2 and BMO. With respect to Loan No. 4, Gloucester Premium Outlets, the mortgage loan is part of a whole loan that was co-originated by Barclays and SGFC. With respect to Loan No. 6, Green Acres, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, BMO, DBR Investments Co. Limited and Morgan Stanley Bank, N.A. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the mortgage loan is part of a whole loan that was co-originated by Barclays, Bank of America, N.A., Wells Fargo Bank, National Association and Citi Real Estate Funding Inc. With respect to Loan No. 10, 100 Jefferson Road, the mortgage loan is part of a whole loan that was co-originated by AREF2 and JPMorgan Chase Bank, National Association. With respect to Loan No. 13, 575 Broadway, the mortgage loan is part of a whole loan that was co-originated by Citi Real Estate Funding Inc. and SGFC. With respect to Loan No. 14, Latitude at South Portland, the mortgage loan is part of a whole loan that was originated by Arbor Private Label, LLC and purchased by BMO. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, the mortgage loan is part of a whole loan that was co-originated by KeyBank and Wells Fargo Bank, National Association. |
| (2) | With respect to Loan No. 2, Pacific Design Center, the mortgaged property is comprised of 467,582 square feet of design showroom space, 321,786 square feet of office space, 213,502 square feet of lab space, and 50,347 square feet of other space (other space includes non-revenue space, telecommunications, parking, storage, display, and other). With respect to Loan No. 2, Pacific Design Center, in connection with the most recent expansion of the Largest Tenant at the mortgaged property, Cedars Sinai Medical Center, 138,548 square feet of design showroom space is expected to be converted to lab space. The lab space has been turned over to the tenant and all of the borrower obligations have been met; however, the tenant has not yet started its buildout. In connection with such conversion, the City of West Hollywood requires 155,772 square feet of design showroom space to remain vacant as a condition for the tenant to complete the conversion and to thereafter use the space for the permitted uses set forth in its lease (including as lab space). The borrower represented in the Pacific Design Center loan documents that it has the amount of requisite vacant showroom space and covenants that it will maintain such vacant space for as long as is necessary. With respect to Loan No. 3, 2 Executive, the mortgaged property is comprised of 199,354 square feet of commercial space and 91,568 square feet of residential space comprised of 84 multifamily units. With respect to Loan No. 13, 575 Broadway, the mortgaged property is comprised of approximately 50,959 square feet of retail space and approximately 125,689 square feet of office space. With respect to Loan No. 15, Fibertown Data Center, the mortgaged property consists of three buildings totaling 69,788 square feet of net rentable square feet. The building at 110 North Main Street consists of approximately 14,986 square feet of office space, 23,767 square feet of other interior finished space and 12,247 square feet of raised floor space area. The building at 100 North Main Street consists of approximately 9,542 square feet of office space and 458 square feet of other interior space. The building at 120 North Main Street consists of approximately |
| A-1-33 |
| 3,509 square feet of office space, 3,223 square feet of other interior finished space and 2,056 square feet of raised floor space. With respect to Loan No. 25, Pomona Industrial, the mortgaged property consists of three industrial buildings totaling 86,890 square feet of warehouse space and 1,940 square feet of office space. With respect to Loan No. 26, Downtown Frederick, the mortgaged property consists of eight mixed-use retail and residential buildings containing 52 multifamily units, 11 retail units and one antenna unit (for which no square footage is attributed) totaling 26,000 square feet. With respect to Loan No. 28, Pennbrook Portfolio, the 716 South Street mortgaged property consists of four multifamily units and 1,800 square feet of retail space. With respect to Loan No. 30, 1290 Fulton Street, the mortgaged property consists of 5,892 square feet of office space and 4,557 square feet of retail space. | |
| (3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. With respect to Loan No. 3, 2 Executive, there is 290,922 square feet of leasable space at the mortgaged property, which includes the square footage of 84 multifamily units. As of March 2, 2023, Current Occupancy for the multifamily space is 100.0% and 94.9% for the commercial space. |
| (4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. We cannot assure you that any tenant that is not in occupancy will take occupancy or that any tenant that has not commenced paying rent will do so. For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus. With respect to Loan No. 3, 2 Executive, 20 of the 84 multifamily units are currently leased by Corporate Home US LLC, a third-party furnished housing provider. At origination, the borrower sponsor signed a springing master lease covering the 20 units being leased by Corporate Home US LLC that will spring in the event of a termination, cancellation or expiration of the respective Corporate Home US LLC lease for units at the 2 Executive mortgaged property. Occupancy assumes that the related 20 units are leased. Corporate Home US LLC signed two leases at the 2 Executive Property: (i) a 26-month lease running through April 30, 2025 for 10 units that pays approximately $36,071 per month; and (ii) a 24-month lease running through November 30, 2024 for 10 units that pays approximately $37,153 per month. With respect to Loan No. 3, 2 Executive, historical occupancy reflects commercial occupancy based on the net rentable area of floors one through five. With respect to Loan No. 10, 100 Jefferson Road, the Largest Tenant at the mortgaged property, J&J Farms Creamery, leased 204,217 square feet and began an approximately $11,600,000 improvement project to convert 157,547 square feet at the mortgaged property to refrigerated storage, with the remainder dry storage, office, and refrigerated distribution/loading docking space. Based on a budget review completed by a third-party consultant, the tenant improvements are estimated to take seven to eight months to complete. With respect to Loan No. 19, Valley View Shopping Center, the Largest Tenant at the mortgaged property, Target, signed a lease dated May 23, 2022, for approximately 39,346 square feet. The initial term of the lease commences on April 1, 2023, at which point construction is projected to be completed. At origination, the lender reserved four months of Target’s rent in the event that the opening is delayed. |
| (5) | With respect to all mortgage loans, with the exception of the mortgage loans identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 6, Green Acres, the as-is value for the property is based on the assumption that the PILOT documents will be extended to 2031 and $119.1 million was included in the total concluded as-is value of $679.0 million as the present value of the PILOT benefits through 2031. However, in the absence of the PILOT tax benefits |
| A-1-34 |
| beyond 2026, the as-is value of the property would be reduced by approximately $58.0 million resulting in an estimated value of $621.0 million. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based on the estimated value of $621.0 million would be 59.6%. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) were calculated using the “As Is Portfolio” appraised value. With respect to Loan No. 10, 100 Jefferson Road, the Appraised Value ($) represents the “upon completion/stabilized” appraised value that assumes the cold storage conversion by J&J Farms Creamery, the Largest Tenant at the mortgaged property, will take place. With respect to Loan No. 21, Orizon Aerostructures, the Appraised Value ($) of $125,000,000 reflects a premium attributed to the value of the mortgaged properties as a whole. The sum of the as-is appraised values of each of the individual mortgaged property is $124,950,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based upon the aggregate as-is appraised values without a portfolio premium are 48.9% and 48.9%, respectively. With respect to Loan No. 27, Holiday Inn Express Smithfield, the Appraised Value ($) represents the “as complete” appraised value of $12,000,000 as of October 1, 2023, which assumes the borrower completed renovations at the mortgaged property. At origination, the borrower escrowed $985,980 for a property improvement plan reserve. The “as-is” appraised value is $10,500,000 as of September 8, 2022. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) based upon the “as-is” appraised value are 72.4% and 63.2%, respectively. With respect to Loan No. 30, 1290 Fulton Street, the Appraised Value ($) represents the “hypothetical as-is” appraised value of $10,300,000 as of January 4, 2023. The “hypothetical as-is” value assumes the mortgaged property’s air rights are not collateral to the mortgage loan. The mortgaged property has an “as-is” value of $11,300,000 as of January 4, 2023. | |
| (6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation.
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| (7) | The Original Balance ($), Cut-off Date Balance ($), and Maturity/ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus.
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| A-1-35 |
● Loan No. 6, Green Acres
● Loan No. 7, South Lake at Dulles
● Loan No. 9, Brandywine Strategic Office Portfolio
● Loan No. 10, 100 Jefferson Road
● Loan No. 12, Sentinel Square II
● Loan No. 13, 575 Broadway
● Loan No. 14, Latitude at South Portland
● Loan No. 16, The Showboat Hotel
● Loan No. 18, Oak Street NLP Fund Portfolio
● Loan No. 20, Stoney Creek Hotel Portfolio
● Loan No. 21, Orizon Aerostructures | |
| (8) | The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each Mortgage Loan. With respect to Loan No. 1, Scottsdale Fashion Square, for purposes of calculating interest and other amounts payable on the Scottsdale Fashion Square whole loan, each note was divided into multiple components with varying interest rates. The Interest Rate % of the Scottsdale Fashion Square mortgage loan represents the weighted average interest rate of three components. Prepayments of the Scottsdale Fashion Square mortgage loan will be applied to the components in sequential order. As a result of the components having different interest rates and the allocation of prepayments to sequentially reduce the components, the per annum weighted average interest rate of the components (and, therefore, the interest rate of the Scottsdale Fashion Square mortgage loan) may increase over time. |
| (9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
| (10) | With respect to Loan No. 1, Scottsdale Fashion Square, a Grace Period – Late Fee (Days) of five days is allowed for the monthly payment of principal and interest. The Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity. With respect to Loan No. 6, Green Acres, a Grace Period – Late Fee (Days) of five days is allowed. With respect to Loan No. 14, Latitude at South Portland, a Grace Period – Late Fee (Days) of five days is allowed. In addition, the loan documents permit a Grace Period – Default (Days) of five days. With respect to Loan No. 28, Pennbrook Portfolio, a Grace Period – Late Fee (Days) of five days is allowed for the monthly payment of principal and interest. The Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity. With respect to Loan No. 31, 350 5th St & 372 Baltic St, a Grace Period – Late Fee (Days) of five days is allowed for the monthly payment of principal and interest. The Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity. With respect to Loan No. 32, 566 7th Street, a Grace Period – Late Fee (Days) of five days is allowed for the monthly payment of principal and interest. The Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity. With respect to Loan No. 33, 1745 Illinois Route 59, a Grace Period – Default (Days) of five days is allowed for the monthly payment of principal and interest and is zero days for the outstanding principal balance at maturity. With respect to Loan No. 35, CVS Portfolio, a Grace Period – Default (Days) of five days is allowed for the monthly payment of principal and interest and is zero days for the outstanding principal balance at maturity. |
| A-1-36 |
| With respect to Loan No. 36, 60 Diamond Street, a Grace Period – Late Fee (Days) of five days is allowed for the monthly payment of principal and interest. The Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity. | |
| (11) | With respect to Loan No. 11, Walgreens Distribution Center, the mortgage loan is structured with an anticipated repayment date (“ARD”) of April 6, 2033 (the “Walgreens Distribution Center ARD”) and a final maturity date of April 6, 2038. From and after the Walgreens Distribution Center ARD, the mortgage loan will accrue interest at a per annum rate equal to the greater of (i) the ARD treasury note rate plus 5% and (ii) 11.14%. |
| (12) | The “L” component of the prepayment provision represents lockout payments. The “D” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus. With respect to Loan No. 1, Scottsdale Fashion Square, the lockout period will be at least 25 months beginning with and including the first payment date on April 6, 2023. Defeasance of the Scottsdale Fashion Square whole loan in full is permitted at any time after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) March 6, 2026 (the “Scottsdale Fashion Square Lockout Release Date”). In addition, voluntary prepayment of the Scottsdale Fashion Square whole loan in full, but not in part, is permitted from and after the Scottsdale Fashion Square Lockout Release Date with (prior to the open prepayment date on September 6, 2027) the payment of the greater of (i) a yield maintenance amount or (ii) 1% of the principal balance. The assumed lockout period of 25 months is based on the expected BBCMS 2023-C19 securitization closing date in April 2023. The actual lockout period may be longer. At any time after the origination date on March 3, 2023, the borrower may also transfer and obtain a release of one or more vacant, non-income producing out parcels upon satisfaction of the conditions set forth in the loan agreement. With respect to Loan No. 2, Pacific Design Center, the lockout period will be at least 26 months beginning with and including the first payment date on March 6, 2023. Defeasance of the Pacific Design Center whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) January 11, 2026. The assumed lockout period of 26 months is based on the expected BBCMS 2023-C19 securitization closing date in April 2023. The actual lockout period may be longer. With respect to Loan No. 4, Gloucester Premium Outlets, the borrower is permitted to defease the Gloucester Premium Outlets whole loan, in whole, but not in part, at any time after the first payment date following the earlier to occur of (i) the end of the two-year period commencing on the closing date of the securitization of the last note comprising the whole loan to be securitized or (ii) April 1, 2026. The assumed defeasance lockout period of 25 payments is based on the closing date of this transaction in April 2023. The actual lockout period may be longer. If any pari passu note is not securitized by April 1, 2026 and the date that is two years from the securitization of the last note has not passed, the borrower may prepay such non-securitized note(s) (provided such prepayment will include a yield maintenance premium) in whole, but not in part, in conjunction with the defeasance of any securitized pari passu note(s). |
| With respect to Loan No. 5, Rialto Industrial, the lockout period will be at least 28 months beginning with and including the first payment date on January 6, 2023. Defeasance of the Rialto Industrial whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) November 10, 2025. The assumed lockout period of 28 months is based on the expected BBCMS 2023-C19 securitization closing date in April 2023. The actual lockout period may be longer. With respect to Loan No. 10, 100 Jefferson Road, the lockout period will be at least 24 months beginning with and including the first payment date on May 6, 2023. Defeasance of the 100 Jefferson Road whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) March 10, 2026. The assumed lockout period of 24 months is based on the expected BBCMS 2023-C19 securitization closing date in April 2023. The actual lockout period may be longer. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, the lockout period will be at least 25 payment dates beginning with and including the first payment date on April 11, 2023. Defeasance of the Oak Street NLP Fund |
| A-1-37 |
| Portfolio whole loan is permitted at any time after the earlier of (i) February 23, 2027, and (ii) two years from the closing date of the securitization that includes the last pari passu note of the Oak Street NLP Fund Portfolio whole loan to be securitized. The assumed defeasance lockout period of 25 payments is based on the closing date of this transaction in April 2023. The actual lockout period may be longer. After the defeasance lockout the borrower may obtain release of any individual property provided, among other things, (i) no event of default and (ii) the debt yield for the remaining property is not less than the greater of (a) the debt yield in effect immediately prior to the partial release and (b) 14.73%. With respect to Loan No. 21, Orizon Aerostructures, the lockout period will be at least 28 payment dates beginning with and including the first payment date in January 2023. Prepayment of the Orizon Aerostructures whole loan in whole, but not in part, is permitted at any time after the earlier to occur of (i) November 15, 2026 or (ii) the date that is two years and one day from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 28 payments is based on the closing date of this transaction in April 2023. The actual lockout period may be longer. | |
| (13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 2, Pacific Design Center, future mezzanine debt is permitted in an amount up to $50,000,000 subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio may not exceed 50.7%, (y) the net cash flow debt yield, as calculated in accordance with the Pacific Design Center whole loan documents, is at least 11.6% and (z) the combined net cash flow debt service coverage ratio, as calculated in accordance with the Pacific Design Center whole loan documents, is at least 1.72x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and substantially in the form attached to the loan agreement for the Pacific Design Center whole loan, and (iii) receipt of a rating agency confirmation from each applicable rating agency. With respect to Loan No. 5, Rialto Industrial, future mezzanine debt is permitted (the “Approved Mezzanine Loan”), provided that, subject to the satisfaction of certain conditions set forth in the loan documents, such Approved Mezzanine Loan (i) will be in an amount equal to the least of (a) $19,000,000, (b) an amount that when added to the mortgage loan will result in a loan-to-value percentage of not more than 70.0%, (c) an amount, taking into account the anticipated monthly principal and interest payments due under the proposed Approved Mezzanine Loan, that will result in a debt service coverage ratio of no less than 1.10x and (d) an amount that when added to the mortgage loan will result in a debt yield of no less than 8.50%, (ii) is otherwise on terms and conditions reasonably acceptable to the lender and evidenced by loan documents which have been reasonably approved by the lender, (iii) is secured only by a pledge of all or a portion of the membership interests in the borrower, (iv) creates no obligations or liabilities on the part of the borrower and results in no liens on any portion of the mortgaged property, (v) has a term expiring on or after the stated maturity date and (vi) if made after a secondary market transaction, the approved mezzanine lender has received a rating comfort letter; and provided that the approved mezzanine lender enters into an intercreditor agreement with the lender in form and substance reasonably acceptable to the lender and the applicable rating agencies, which such intercreditor agreement will, among other things, restrict the ability of such approved mezzanine lender to transfer the Approved Mezzanine Loan or the pledged membership interests to another person without first obtaining the consent of the lender, which consent may not be unreasonably withheld, and after a secondary market transaction, a rating comfort letter. With respect to Loan No. 17, Gateway One, the borrower is permitted to obtain mezzanine financing debt. The future mezzanine debt is permitted at any time after the after the earlier to occur of (i) the end of the two-year period commencing on the closing date of the securitization of the last note comprising the mortgage loan to be securitized or (ii) February 13, 2026, provided that, among other conditions (i) no event of default has occurred and is continuing, (ii) the subordinate mezzanine loan, together with the mortgage loan, will have a combined loan-to-value of no greater than 60.0%, (iii) the debt service coverage ratio based on the trailing 12-month period after taking into account the subordinate mezzanine loan and the mortgage loan will be equal to or greater than 2.18x, (iv) the debt yield after taking into account the subordinate mezzanine loan and the mortgage loan will be equal to or greater than 12.9%, (v) the mezzanine lender enters into an intercreditor agreement satisfactory to the lender and (vi) rating agency confirmation. |
| With respect to Loan No. 28, Pennbrook Portfolio, the borrower is permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the Pennbrook Portfolio mortgage loan and the mezzanine loan is not greater than 70.7%; (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the Pennbrook Portfolio mortgage loan and the mezzanine |
| A-1-38 |
| loan is equal to or greater than 1.17x; (iii) the mezzanine lender executes an acceptable mezzanine intercreditor agreement; and (iv) the lender receives a rating agency confirmation. With respect to Loan No. 31, 350 5th St & 372 Baltic St, the borrowers are permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the 350 5th St & 372 Baltic St mortgage loan and the mezzanine loan is not greater than 69.7%; (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the 350 5th St & 372 Baltic St mortgage loan and the mezzanine loan is equal to or greater than 1.08x; (iii) the mezzanine lender executes an acceptable mezzanine intercreditor agreement; and (iv) the lender receives a rating agency confirmation. With respect to Loan No. 32, 566 7th Street, the borrower is permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the 566 7th Street mortgage loan and the mezzanine loan is not greater than 72.4%; (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the 566 7th Street mortgage loan and the mezzanine loan is equal to or greater than 1.16x; (iii) the lender executes a mezzanine intercreditor agreement; and (iv) the lender has received a rating agency confirmation. With respect to Loan No. 36, 60 Diamond Street, the borrower is permitted to obtain a mezzanine loan subject to the satisfaction of certain conditions including, but not limited to: (i) the loan-to-value ratio on the aggregate of the 60 Diamond Street mortgage loan and the mezzanine loan is not greater than 61.5%; (ii) the trailing 12-month period debt service coverage ratio on the aggregate of the 60 Diamond Street mortgage loan and the mezzanine loan is equal to or greater than 1.18x; (iii) the mezzanine lender executes a mezzanine intercreditor agreement; and (iv) the lender receives a rating agency confirmation. | |
| (14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the Origination Date during the term of the mortgage loan. |
| (15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. With respect to Loan No. 35, CVS Portfolio, a $5,885 credit to tenant improvements and leasing commissions has been underwritten for the six-month excess cash flow sweep related to the investment grade tenant, CVS, occurring upon the date on which notice for lease extension is due. If both CVS tenants renew prior to the notice deadline, no cash sweep will occur. |
| (16) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, historical financial information prior to the trailing-12 months ending December 2022 is not available as the mortgaged properties were acquired by the sponsor between May 2019 and August 2022. Each of the single tenant properties is subject to a triple-net lease. The December 2022 T-12 represents partial year financial information for eight assets acquired in 2022. |
| (17) | An encumbered interest will be characterized as a “fee interest” and not a leasehold interest if (i) the borrower has a fee interest in all or substantially all of the Mortgaged Property (provided that if the borrower has a leasehold interest in any portion of the Mortgaged Property, such portion is not, individually or in the aggregate, material to the use or operation of the Mortgaged Property), or (ii) the Mortgage Loan is secured by the borrower’s leasehold interest in the Mortgaged Property as well as the borrower’s (or other fee owner’s) overlapping fee interest in the related Mortgaged Property. With respect to Loan No. 6, Green Acres, the fee interest in a portion of the mortgaged property is owned by Walmart, an anchor tenant at the Walmart property, and Valley Stream Green Acres LLC (“Valley Stream”), a borrower, owns the leasehold interest in the Walmart property pursuant to a 36-year ground lease, dated as of February 22, 1989 (the “Walmart Ground Lease”), between Walmart, as ground lessor, and Valley Stream, as ground lessee. Valley Stream leased the Walmart property back to Walmart under two separate leases as described above. The term of the ground lease commenced on August 13, 1990 and expires August 12, 2026, with two additional six-year extension options. According to the estoppel delivered by Walmart (the “Ground Lease Estoppel”), the base rent under the ground lease is a fixed amount equal to approximately $1,080,000 per annum (approximately $90,000 per month) during the initial term and approximately $1,500,000 per annum (approximately $125,000 per month) during the extension terms. The lease contains standard leasehold mortgagee protections including notice and cure rights, right to a new lease in the event of termination of the ground lease (including rejection of the ground lease in bankruptcy), and an agreement that no amendment or modification of the ground lease entered into without lender’s consent will be effective. |
| A-1-39 |
| With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the 401-405 Colorado property is ground leased by a borrower, as the ground lessee, under a ground lease with The Susan Chiles Harris Trust; The Ann Chiles Graham Trust; John C. Horton III; The John Coleman Horton IV Exempt Trust and the John Coleman Horton IV Non-Exempt Trust; The Perry McCray Horton Exempt Trust and The Perry McCray Horton Non-Exempt Trust, as the ground lessor. The borrower commenced paying ground rent in 2009, which expires in December 2083, and has one, 25-year remaining extension option. The current rent is $328,740 per annum. The rent is subject to adjustment on each rent adjustment date, commencing on January 1, 2014 and following the end of each 60-month period thereafter. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, The Bulletin Building property is ground leased by a borrower, as the ground lessee, under a ground lease with Academic Properties Inc., as the ground lessor. The borrower assumed the ground lease in 2017, which expires in October 2116 and has no extension options. The borrower has prepaid the rent of $35,000,000. The ground lessee’s interest in the ground lease is freely assignable to the lender without the consent of the ground lessor and, in the event that it is so assigned, is further assignable by the lender without the need to obtain the consent of the ground lessor. | |
| With respect to Loan No. 13, 575 Broadway, the mortgaged property is subject to a ground lease between 575 Broadway LLC, a New York limited liability company, as the lessor, and the borrower, as the lessee, with a term expiring on June 30, 2060. The current annual ground lease rent as of the Cut-off Date is equal to $5,089,118. Base rent for each subsequent lease year will be an amount equal to the sum of (a) the percentage by which the applicable price index for such lease year exceeds the base index, multiplied by $4,140,000 and (b) $4,140,000. The annual ground lease rent increase is subject to a floor of 3.5% and a ceiling of 5.5% on any adjustment date. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, the related borrower has a leasehold interest in the Save Mart Supermarkets – Tracy, CA (2) mortgage property pursuant to a 75-year ground lease for the site which commenced on October 1, 1989, and expires December 31, 2064. The annual ground rent for the ground lease is approximately $615,850. The ground lessee has two, 10-year extension options to December 31, 2084. With respect to Loan No. 20, Stoney Creek Hotel Portfolio, the Stoney Creek Hotel Quad Cities – Moline Mortgaged Property is subject to a mortgage, deed of trust or similar security instrument that creates a first mortgage lien on each of the related borrower’s leasehold interest and The City of Moline’s fee interest in such mortgaged property. | |
| (18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. With respect to Loan No. 1, Scottsdale Fashion Square, Upfront Other Reserve ($) includes $10,222,200 of a reserve for tenant improvements and leasing commissions and approximately $4,316,877 of a gap rent reserve. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Upfront Other Reserve ($) is the aggregate of an Outstanding TI/LC Reserve ($23,692,032.03), a Gap Rent Reserve ($1,376,789.42) and a Free Rent Reserve ($1,044,971). The $23,692,032.03 Outstanding TI/LC Reserve is inclusive of a letter of credit totaling approximately $11,039,869. With respect to Loan No. 12, Sentinel Square II, Upfront Other Reserve ($) includes $576,965.30 of free rent reserve for the remaining GSA tenant allowance. No disbursements from the free rent account can be made until the borrower delivers to the lender an executed GSA free rent amendment. Any unused amount owed to the tenant on May 31, 2020 would automatically convert to free rent provided that the tenant (i) has not exercised a rent abatement period, (ii) is currently paying full unabated rent and (iii) has entered into an amendment or other written agreement to memorialize the amount of the remaining GSA tenant allowance and indicate that the amount will be utilized for free rent, which includes a monthly schedule setting the dates the free rent will be applied. The conditions necessary for the release of the free rent reserve were satisfied as of February 13, 2023 and the free rent reserve has been disbursed to the borrower. |
| (19) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. With respect to Loan No. 1, Scottsdale Fashion Square, the capital expenditure reserve is subject to a cap of $402,666, at such time as the balance of the capital expenditure account reaches an amount equal to 24 times the required monthly deposit. This is based on the net rentable area excluding non-collateral square feet and “Excluded |
| A-1-40 |
| Premises,” (Macy's, Nordstrom, Neiman Marcus, DICK’s Sporting Goods, Harkins Theatres, Life Time Fitness, Toca Madera, Ocean 44 and any replacement tenant that leases all or substantially all of any such premises as defined in the related whole loan documents) and any other tenant that is required to pay for all repairs and maintenance costs for its entire leased premises, roof and structural components resulting in a total square feet of 805,331. With respect to Loan No. 1, Scottsdale Fashion Square, the rollover reserve is subject to a cap of $1,651,332, at such time as the balance of the rollover account reaches an amount equal to 24 times the required monthly deposit. This is based on the net rentable area excluding non-collateral square feet and “Excluded Premises,” (Macy's, Nordstrom, Neiman Marcus, DICK’s Sporting Goods, Harkins Theatres, Life Time Fitness and any replacement tenant that leases all or substantially all of any such premises as defined in the related whole loan documents) resulting in a total square feet of 825,666. With respect to Loan No. 2, Pacific Design Center, if at any point the balance in the tenant improvement and leasing commissions reserve falls below $3,000,000, the borrower will be required to deposit approximately $87,768 monthly until the balance in the reserve account reaches $5,000,000. With respect to Loan No. 3, 2 Executive, during the continuance of a Primary Tenant Non-Renewal Trigger (as defined in the mortgage loan documents), all excess cash flow funds are required to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related major tenant space. With respect to Loan No. 4, Gloucester Premium Outlets, after the occurrence of a control event or during a lockbox event period or at any time (x) any taxes and other charges are not paid by borrower prior to the assessment of any penalty for late payment and prior to the date that such taxes and other charges become delinquent, or (y) upon request of lender, borrower fails to promptly provide evidence, reasonably satisfactory to lender that such taxes and other charges have been paid prior to the assessment of any penalty for late payment and prior to the date that such taxes and other charges become delinquent, the borrower is required to deposit with lender an amount equal to 1/12th of the taxes and other charges that lender estimates will be payable during the next ensuing 12 months in order to accumulate sufficient funds to pay all such taxes and other charges at least 30 days prior to their respective due date. With respect to Loan No. 4, Gloucester Premium Outlets, after the occurrence of a control event, or during a lockbox event period if the borrower has not provided satisfactory evidence to lender that the property is covered by policies that are being maintained as part of a reasonably acceptable blanket insurance policy, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums due for the renewal of coverage afforded by such policies into the insurance reserve account. With respect to Loan No. 4, Gloucester Premium Outlets, after the occurrence of a control event or during a lockbox event period, the borrower is required to deposit monthly an amount of $7,886 into the replacement reserve account. | |
| With respect to Loan No. 4, Gloucester Premium Outlets, after the occurrence of a control event or during a lockbox event period, the borrower is required to deposit monthly an amount of $63,086 into the rollover reserve account. With respect to Loan No. 5, Rialto Industrial, during the continuance of a Lease Sweep Period (as defined in the whole loan documents), provided no Cash Management Period (as defined in the whole loan documents) is then continuing (other than a Cash Management Period triggered solely as a result of a Lease Sweep Period), all excess cash flow funds are required to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related lease sweep tenant space. With respect to Loan No. 5, Rialto Industrial, commencing once the litigation reserve subaccount balance is below $25,000, the borrower will be required to make a deposit such that the amount in the reserve is equal to $50,000. With respect to Loan No. 6, Green Acres, at such time as the balance of the rollover account reaches an amount equal to 24 times the required monthly deposit without taking into account any amounts deposited therein in respect of lease termination and modification payments (the “Rollover Account Cap”), the borrower’s obligation to make monthly deposits into the rollover account will be suspended until such time as the balance of the rollover account falls below the Rollover Account Cap, at which time, the borrower’s obligation to make monthly deposits will be reinstated as of the immediately succeeding monthly payment date. The borrowers’ upfront deposit of approximately $743,644 in respect of gap rent is not included in the calculation of the rollover reserve balance for purposes of calculating the Rollover Reserve Cap. With respect to Loan No. 7, South Lake at Dulles, unless a written waiver is obtained from Amazon that no parking work is required at the mortgaged property, 60 days after the origination date the borrower will be required to deposit an amount equal to $300,000 which represents the estimated costs to create additional parking spaces and/or |
| A-1-41 |
| charging stations at the mortgaged property as required by the lease into the Amazon lease parking reserve subaccount. With respect to Loan No. 8, Cityview Centre, at the option of lender, if the liability or casualty policy maintained by borrower covering the property does not constitute an approved blanket or umbrella policy, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums due for the renewal of coverage afforded by such policies into the insurance reserve account. With respect to Loan No. 8, Cityview Centre, if at any time the replacement reserve account is less than $169,543, the borrower is required to deposit monthly replacement reserve in the amount lesser of (x) $4,709.55 or (y) an amount necessary to raise the balance of the replacement reserve account to $169,543. With respect to Loan No. 8, Cityview Centre, if at any time the rollover reserve account is less than $500,000, the borrower is required to deposit monthly rollover reserve in the amount lesser of (x) $31,397 or (y) an amount necessary to raise the balance of the rollover reserve account to $500,000. | |
| With respect to Loan No. 8, Cityview Centre, during the continuance of a critical tenant trigger period, the borrower is required to (A) deposit an amount equal to (i) with regard to a critical tenant trigger period resulting from a critical tenant trigger event for non-renewal, either (a) $166,667 per month for six calendar months, commencing on first payment date immediately following such critical tenant trigger event, or (b) $1,000,000 in cash or letter of credit on such first payment date, and (ii) with regard to a critical tenant trigger period resulting from any other critical tenant trigger event, either (a) $83,334 per month for each month during such critical tenant trigger period, commencing on the first payment date immediately following such critical tenant trigger event, or (b)(x) $1,000,000 in cash or letter of credit on such first payment date, and (y) if such critical tenant trigger period is then continuing, $1,000,000 in cash or letter of credit on the 13th payment date following such critical tenant trigger event, to the extent the balance of the critical tenant reserve equals or exceeds the Critical Tenant Trigger Event Deposit Cap (as defined herein), or (B) submit to the lender a letter of credit in relation to the critical tenant reserve in the amount of then-current Critical Tenant Trigger Event Deposit Cap, then the critical tenant monthly deposit will be zero. The “Critical Tenant Trigger Event Deposit Cap” means (i) with regard to a critical tenant trigger period resulting from a critical tenant trigger event for non-renewal, $1,000,000, and (ii) with regard to a critical tenant trigger period resulting from any other critical tenant trigger event, $1,000,000 for the first 12 months of such critical tenant trigger event and increasing to $2,000,000 thereafter. In no event, however, will the Critical Tenant Trigger Event Deposit Cap exceed $2,000,000. With respect to Loan No. 8, Cityview Centre, if the lender notifies the borrower that the debt service coverage ratio for the previous two calendar quarters was below 1.35x, the borrower may avoid a cash sweep period based on the commencement of a low DSCR period by (x) beginning on the first payment date after borrower receives such notice from lender, borrower may commence making the Monthly DSCR Sweep Avoidance Deposit (as defined below), or (y) in the alternative and provided the cash management account and lockbox account are opened and available to receive deposits, on the payment date described above with regard to the first monthly payment of the Monthly DSCR Sweep Avoidance Deposit, borrower may provide to lender funds in cash or letter of credit (and additional letters of credit if needed, in the amounts and when required).The “Monthly DSCR Sweep Avoidance Deposit” means either (i)(A) $100,000 per month on each of the first 12 payment dates during the period of time that a low DSCR period would have been continuing but for the deposit described in this definition, and (B) an amount equal to the monthly DSCR sweep avoidance recalculated amount per month on each subsequent payment date during the period of time that a low DSCR period would have been continuing but for the deposit described in this definition, or (ii) following the date which both the cash management account and the lockbox account are opened and available to receive deposits: (a) $600,000 in cash or letter of credit on the first and seventh payment date during the period of time that a low DSCR period would have been continuing but for the deposit described in this definition; and (b) cash or letter of credit in an amount equal to six times the Monthly DSCR Sweep Avoidance Recalculated Amount (as defined in the mortgage loan documents) on the 13th payment date and on each sixth subsequent payment date during the period of time that a low DSCR period would have been continuing. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the borrowers are required to deposit with lender an amount equal to 1/12th of the taxes that lender estimates will be payable during the next ensuing 12 months in order to accumulate sufficient funds to pay all such taxes at least 30 days prior to delinquency; such monthly deposit is not required provided the borrowers provide lender with evidence reasonably satisfactory to lender of timely payment of taxes and no trigger period is continuing. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, on each monthly payment date, during the continuance of a trigger period, the borrowers are required to deposit an amount equal to 1/12th of the insurance premiums due for the renewal of coverage afforded by such policies into the insurance reserve account, provided |
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| that such requirement will be waived if the borrower maintains a blanket policy in accordance with the Brandywine Strategic Office Portfolio whole loan documents. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, on each monthly payment date, during the continuance of a trigger period, the borrowers are required to deposit an amount of $30,062.54 into the capital expenditure reserve account. | |
| With respect to Loan No. 9, Brandywine Strategic Office Portfolio, on each monthly payment date, during the continuance of a trigger period, the borrowers are required to deposit an amount of $240,500.33 into the rollover reserve account. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, (a) provided no trigger period is continuing and borrowers have provided lender with evidence reasonably satisfactory to Lender of timely payment of all ground rent, and (b) if the amount on deposit in the ground rent account exceeds the ground rent payments required for the immediately following three months, borrower will not be required to deposit an amount equal to the ground rent due for the immediately following month into the ground rent reserve account. With respect to Loan No. 11, Walgreens Distribution Center, the borrower is not required to make monthly deposits into the real estate tax reserve account so long as, among other things, the following conditions are satisfied (in each case, subject to the specific requirements in the mortgage loan agreement): (i) no event of defaults exists; (ii) the Walgreens tenant is obligated under its lease to pay all taxes directly to the applicable governmental authority; (iii) the borrower has provided evidence satisfactory to the lender of the Walgreens tenant’s full compliance with such obligation; (iv) the entire mortgaged property is leased pursuant to the Walgreens tenant lease; (v) the Walgreens tenant’s lease remains in full force and effect; (vi) the Walgreens tenant gives notices in sufficient time (as required under the mortgage loan documents) of its intension to renew the lease, if applicable; (vii) there is no bankruptcy action with respect to the Walgreens tenant; (viii) the Walgreens tenant has not elected to pay reduced rent; (ix) the Walgreens tenant has not discontinued its normal business operations at the mortgaged property; or (x) the Walgreens tenant’s credit rating has not been downgraded below “BBB-” or its equivalent by either S&P or Moody’s (subject to the specific provisions in the mortgage loan agreement), (items (vi) through (x), collectively, the “Critical Tenant Trigger Avoidance Events”). With respect to Loan No. 11, Walgreens Distribution Center, the borrower is required to make $417.50 monthly deposits for terrorism insurance, but the borrower is not required to make monthly deposits into the insurance reserve account (with respect to terrorism insurance or otherwise) so long as, among other things, the following conditions are satisfied (in each case, subject to the specific requirements in the mortgage loan agreement): (i) the borrower maintains the terrorism insurance coverage; (ii) the borrower maintains with lender an amount equal to $5,010 (note that these (i) and (ii) requirements only apply to the waiver of the $417.50 terrorism insurance premiums); (iii) no event of defaults exists; (iv) the Walgreens tenant is obligated to provide, maintain and pay all premiums for all insurance required under the mortgage loan documents, other than terrorism insurance; (v) the borrower has provided evidence satisfactory to the lender of the major tenant’s full compliance with such obligation; (vi) the Walgreens tenant’s lease remains in full force and effect; and (vii) the Critical Tenant Trigger Avoidance Events remain satisfied. With respect to Loan No. 11, Walgreens Distribution Center, the borrower is not required to make monthly deposits into the capital expenditure reserve account so long as, among other things, the following conditions are satisfied (in each case, subject to the specific requirements in the mortgage loan agreement): (i) no event of defaults exists; (ii) the Walgreens tenant is obligated under its lease to maintain the mortgaged property and pay for all maintenance in a timely manner as required under the mortgage loan documents; (iii) the borrower has provided evidence satisfactory to the lender of the major tenant’s full compliance with such obligation; (iv) the Walgreens lease remains in full force and effect; and (v) the Critical Tenant Trigger Avoidance Events remain satisfied. | |
| With respect to Loan No. 13, 575 Broadway, during the continuance of a trigger period under the whole loan documents, the borrower will be required to deposit on a monthly basis an amount equal to (i) all base rent, (ii) additional rent and (iii) other amounts due and payable pursuant to the ground lease during the one-month period following the applicable date of deposit. With respect to Loan No. 13, 575 Broadway, the borrower is required to deposit into a tenant improvement and leasing commissions reserve, on a monthly basis, an amount equal to $36,802. If the Largest Tenant, Estee Lauder, renews its lease in accordance with the whole loan documents for a term extending at least two years beyond the whole loan maturity date, the monthly deposits for the tenant improvement and leasing commissions reserve will be reduced to approximately $14,721 per month. |
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With respect to Loan No. 13, 575 Broadway, in the event that a preservation architect conducts an inspection of the mortgaged property and determines that any work is required to preserve the exterior of the mortgaged property, and such work is reasonably likely to cost in excess of $100,000, the borrower will be required to deposit into a reserve with the lender an amount equal to 100% of the cost required to complete the applicable work, as determined by the lender in its reasonable discretion. See “Description of the Mortgage Pool—Tenant Issues—Zoning and Use Restrictions” in the preliminary prospectus. With respect to Loan No. 15, Fibertown Data Center, the borrower is not required to make monthly deposits into the real estate tax reserve subaccount so long as (i) no cash management period has occurred and is continuing, (ii) the borrower provides evidence reasonably satisfactory to the lender that the tenant has paid all taxes then due and payable directly to the taxing authority on or before 15 days prior to the delinquency date of such taxes, (iii) the major lease remains in full force and effect and (iv) no change has occurred which materially jeopardizes the tenant’s ability to make such payment. With respect to Loan No. 15, Fibertown Data Center, the borrower is not required to make monthly deposits into the insurance reserve subaccount so long as (i) no cash management period has occurred and is continuing, (ii) the borrower provides evidence reasonably satisfactory to the lender that the tenant has paid all insurance premiums then due and payable directly to the applicable insurance carrier(s) prior to the due date for such insurance premiums, (iii) the major lease remains in full force and effect and (iv) no change has occurred which materially jeopardizes the tenant’s ability to make such payment. With respect to Loan No. 15, Fibertown Data Center, the borrower is not required to make monthly deposits into the capital expense reserve subaccount as long as no cash management period has occurred and is continuing. | |
| With respect to Loan No. 16, The Showboat Hotel, the borrower is required to deposit the capital expenditure reserve fund an amount equal to the greater of (i) with respect to the first 12 payment dates, 1/12th of 2.0% of the projected annual gross revenues for the hotel, arcade and pool deck as set forth in the approved annual budget, which is approximately $46,128, (ii) with respect to the 13th through 24th payment dates, 1/12th of 3.0% of the projected annual gross revenues for the hotel, arcade and pool deck as set forth in the approved annual budget, and (iii) with respect to the 25th payment date and thereafter, the sum of 1/12th of 4.0% of the projected annual gross revenue for the hotel as set forth in the approved annual project and 1/12th of 3.0% of the projected annual gross revenue for the arcade and pool deck as set forth in the approved annual budget. With respect to Loan No. 17, Gateway One, at the option of lender, if the liability or casualty policy maintained by borrower covering the property does not constitute an approved blanket or umbrella policy, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums due for the renewal of coverage afforded by such policies into the insurance reserve account. With respect to Loan No. 17, Gateway One, the borrower is required to deposit, on each payment date, the sum of $19,066 for tenant improvements and leasing commissions that may be incurred following the date hereof, as long as the balance of leasing reserve funds on deposit in the leasing reserve account is less than $1,300,000. With respect to Loan No. 17, Gateway One, on the first monthly payment date following the occurrence of an anchor tenant trigger event or an anchor tenant non-renewal trigger event, the borrower is required to deposit an amount equal to excess cash flow generated by the property for the immediately preceding interest accrual period into the anchor tenant reserve account. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, during the continuance of a Cash Trap Event Period (as defined in the whole loan documents), the borrowers are required to deposit ongoing monthly real estate tax reserves in an amount equal to 1/12th of the real estate taxes that the lender reasonably estimates will be payable during the next 12 months; provided, however, such tax reserve has been conditionally waived for any property where the tenant is required to and actually pays such taxes directly pursuant to its lease, prior to delinquency, and such tenant is not in monetary or material non-monetary default under its applicable lease. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, during the continuance of a Cash Trap Event Period (as defined in the whole loan documents), the borrowers are required to deposit ongoing monthly insurance reserves in an amount equal 1/12th of annual insurance premiums that the lender reasonably estimates will be payable during the next ensuing 12 months; provided, however, such insurance reserve has been conditionally waived for any property where (i) no Event of Default has occurred and is continuing, (ii) the borrower maintains insurance coverage for the applicable mortgaged property as part of blanket or umbrella coverage reasonably approved by the lender or (iii) the tenant is required to and actually pays such insurance premiums directly when due pursuant to its lease and such tenant is not in monetary or material non-monetary default under its applicable lease. |
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| With respect to Loan No. 18, Oak Street NLP Portfolio, in the event that the borrowers draw on the Save Mart letter of credit for all or any portion of the amount available thereunder, the borrowers will be required to (a) cause such amounts to be deposited by the issuer of the Save Mart letter of credit directly with lender and (b) promptly send a written notice to the Save Mart master tenant demanding that the Save Mart master tenant deposit with the borrowers an amount in cash sufficient to replenish the security deposit to its original amount in accordance with the Save Mart master lease. | |
| With respect to Loan No. 20, Stoney Creek Hotel Portfolio, the borrower deposited $363,000 in an account to fund a seasonal working capital reserve fund (such account, “Seasonality Reserve Account”). The borrower is not required to make monthly payments to the extent that funds in the Seasonality Reserve Account are equal to the sum of (x) the required monthly deposits into the tax account, the insurance premium account, the ground rent reserve account and the FF&E reserve account due on each payment date occurring immediately following each seasonal month of each year, (y) the monthly debt service payment amount due on each payment date occurring immediately following each seasonal month of each year during the term of the mortgage loan, and (z) the Op Ex monthly deposit applicable to each month occurring immediately following each seasonal month (the “Seasonality Reserve Annual Deposit Amount”) and a release from the Seasonality Reserve Account is being made on that payment date. To the extent the balance of the Seasonality Reserve Account is less than the Seasonality Reserve Annual Deposit Amount, the borrower is required to deposit $33,000, which reflects an amount equal to the quotient of (x) the Seasonality Reserve Annual Deposit Amount divided by (y) the amount by which 12 exceeds the number of seasonal months (initially, 11) or such lesser amount as is necessary to cause the amount of the Seasonality Reserve Account to equal the Seasonality Reserve Annual Deposit Amount, on each payment date until funds in the Seasonality Reserve Account are equal to the Seasonality Reserve Annual Deposit Amount. With respect to Loan No. 21, Orizon Aerostructures, the replacement reserve requirements for the borrower to make replacement reserve monthly deposits of $13,083.33 into the replacement reserve account are waived so long as no event of default has occurred and is continuing, no trigger period has occurred and is continuing and the trigger lease is in full force and effect, there are no defaults thereunder and trigger tenant is directly paying the costs necessary to maintain each mortgaged property in a good and safe condition and repair and the borrower provides the lender with satisfactory evidence thereof upon the lender’s reasonable request therefor. With respect to Loan No 21, Orizon Aerostructures, on each payment date until the loan is either paid or defeased in full, the borrower is required to pay to the lender the amount of $65,416.67 (the “Rollover Reserve Monthly Deposit”) (all such amounts, together with any funds deposited pursuant to the following sentence, being hereinafter collectively called the “Rollover Reserve Funds” and the account in which such amounts are held being hereinafter be referred to as the “Rollover Reserve Account”). In addition, the borrower is required to pay to the lender for deposit with the lender all funds received by the borrower in connection with any cancellation, termination or surrender of any lease, including, but not limited to, any surrender or cancellation fees, buy-out fees, or reimbursements for allowances paid to tenants, tenant improvements and leasing commissions. The Rollover Reserve Account is required to be deposited with and held by the lender for payment of allowances to tenants, tenant improvement and leasing commission obligations incurred following the loan origination date in connection with any lease approved (or deemed approved) by the lender. Notwithstanding the foregoing, the requirement for the borrower to make Rollover Reserve Monthly Deposits into the Rollover Reserve Account will be waived so long as (a) no event of default has occurred and is continuing, (b) no trigger period has occurred and is continuing and (c) the trigger lease is in full force and effect, there are no defaults thereunder. With respect to Loan No. 22, Holiday Inn Express – Hesperia, until the balance in the PIP funds subaccount is equal to $399,200, the borrower will be required to deposit into the PIP funds subaccount on each payment date an amount equal to the greater of (i) $20,000 or (ii) all rents available to be deposited in the PIP funds subaccount in accordance with the mortgage loan documents. Additionally, on or before the date that any new PIP is imposed by the franchisor pursuant to the franchise agreement in existence at the time, the borrower will be required to deposit an amount equal to the cost estimated by the lender of the items required by the new PIP over the immediately succeeding 18 months, less the balance of the capital/furniture, FF&E reserve subaccount. | |
| With respect to Loan No. 23, Fairfield Inn & Suites Wake Forest, the borrower is required to make monthly deposits into the capital/furniture, FF&E reserve subaccount in an amount equal to the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for FF&E expenses or (b) (i) for the payment dates occurring in May 2023 through April 2024, 1/12th of 2% of the annual gross revenues of the mortgaged property for the previous 12-month period as determined on the anniversary of the origination date (initially $5,293), (ii) from the payment date occurring in May 2024 through and including the April 2025 payment date, 1/12th of 3% of the annual gross revenues of the mortgaged property for the previous 12-month period as determined on the anniversary of the origination date, and (iii) from the payment date occurring on the May 2025 payment date and thereafter, 1/12th of 4% of the annual gross revenues of the mortgaged property for the previous 12-month period as determined on the anniversary of the origination date. |
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With respect to Loan No. 23, Fairfield Inn & Suites Wake Forest, if at any time after the origination date, the franchisor or any approved replacement flag requires a property improvement plan (“PIP”) to be completed for the mortgaged property in conjunction with the existing franchise agreement or any replacement franchise or license agreement, the borrower will be required to deposit with the lender within 10 business days after receipt of the PIP (inclusive of the final PIP budget approved by the borrower and franchisor), (i) a completion guaranty in a form satisfactory to the lender for completion of the PIP repairs, and (ii) an amount equal to 110% of the estimated cost to satisfy all repairs and/or remediation required by the franchisor or any successor franchisor or licensor pursuant to a PIP less any amounts then on deposit in the capital/furniture, FF&E reserve subaccount (the “PIP Deposit Amount”) and the lender will cause such amount to be transferred to the PIP reserve subaccount. In addition to the lender’s rights and remedies under the mortgage loan documents, any failure by the borrower to timely deliver the PIP Deposit Amount to the lender will trigger the occurrence of a franchise sweep period. The franchise sweep period will remain in effect until such time as the balance on deposit in the PIP reserve subaccount is at least equal to the PIP Deposit Amount. With respect to Loan No. 27, Holiday Inn Express Smithfield, the borrower is required to make monthly deposits into the capital/furniture, fixtures and equipment (“FF&E”) reserve subaccount in an amount equal to the greater of (a) the monthly amount required to be reserved pursuant to the franchise agreement for FF&E expenses or (b) (i) for the payment dates occurring in May 2023 through April 2024, 1/12th of 2% of the annual gross revenues of the mortgaged property for the previous 12-month period as determined on the anniversary of the origination date (initially $2,160), (ii) from the payment date occurring in May 2024 through and including the April 2025 payment date, 1/12th of 3% of the annual gross revenues of the mortgaged property for the previous 12-month period as determined on the anniversary of the origination date, and (iii) from the payment date occurring on the May 2025 payment date and thereafter, 1/12th of 4% of the annual gross revenues of the mortgaged property for the previous 12-month period as determined on the anniversary of the origination date. With respect to Loan No. 27, Holiday Inn Express Smithfield, if at any time after the origination date, the franchisor or any approved replacement flag requires a property improvement plan (“PIP”) to be completed for the mortgaged property in conjunction with the existing franchise agreement or any replacement franchise or license agreement, the borrower will deposit with the lender within 10 business days after receipt of the PIP (inclusive of the final PIP budge approved by the borrower and franchisor), (i) a completion guaranty in a form satisfactory to the lender for completion of the PIP repairs, and (ii) an amount equal to 110% of the estimated cost to satisfy all repairs and/or remediation required by the franchisor or any successor franchisor or licensor pursuant to a PIP less any amounts then on deposit in the capital/furniture, fixtures and equipment (“FF&E”) reserve subaccount (the “PIP Deposit Amount”) and the lender will cause such amount to be transferred to the PIP reserve subaccount. In addition to the lender’s rights and remedies under the mortgage loan documents, any failure by the borrower to timely deliver the PIP Deposit Amount to the lender will trigger the occurrence of a franchise sweep period. The franchise sweep period will remain in effect until such time as the balance on deposit in the PIP reserve subaccount is at least equal to the PIP Deposit Amount. | |
| With respect to Loan No. 29, Giant Eagle Northfield Center, the borrower is required to make monthly deposits into the TI/LC reserve of $5,247.75 and, provided that no event of default has occurred and the sole tenant at the mortgaged property has extended its lease term through December 31, 2033, the borrower will not be required to make monthly deposits if the balance in the TI/LC account is at least $325,000. | |
| With respect to Loan No. 33, 1745 Illinois Route 59, upon the sole tenant, Fitness International, LLC, vacating the mortgaged property, the borrower will be required to escrow $4,251 on a monthly basis for tenant improvements until the aggregate amount reaches the rollover reserve cap of $204,031. With respect to Loan No. 33, 1745 Illinois Route 59, the borrower is required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount that will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies; provided, however, such insurance reserve has been conditionally waived so long as (i) the borrower maintains a blanket policy meeting the requirements of the mortgage loan documents, (ii) no event of default under the mortgage loan documents has occurred and is continuing and (iii) the lender receives evidence from the borrower that the appropriate insurance policies are being maintained per the mortgage loan documents. With respect to Loan No. 35, CVS Portfolio, the borrowers are required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount that will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies; provided, however, such insurance reserve has been conditionally waived so long as (i) no event of default has occurred and is continuing, (ii) (A) the tenant under each lease maintains insurance as required under the applicable lease and the tenant actually pays such insurance directly, (B) the tenant self-insures the applicable individual property in compliance with the applicable tenant lease, or (C) the borrowers maintain a blanket policy meeting all requirements under the mortgage loan documents, (iii) each applicable tenant |
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| lease is in full force and in effect, and (iv) CVS continues to maintain senior unsecured corporate credit ratings of BB+/Ba1 by S&P/Moody's. With respect to Loan No. 35, CVS Portfolio, the borrowers are required to deposit into a tax reserve, on a monthly basis, 1/12th of the real estate taxes that the lender reasonably estimates will be payable during the next 12 months; provided, however, such tax reserve has been conditionally waived so long as (i) no event of default has occurred and is continuing, (ii) the borrowers provide satisfactory evidence that taxes have been paid prior to the date such taxes are due and payable, (iii) each applicable tenant lease is in full force and effect, and (iv) CVS continues to maintain senior unsecured corporate credit ratings of BB+/Ba1 by S&P/Moody's. | |
| (20) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 3, 2 Executive, the borrower is required to escrow approximately $8,307 for tenant improvement and leasing commission reserves if at any time the balance in the TI/LC reserve falls below $500,000. The borrower deposited $1,725,000 at origination of the mortgage loan and is not currently required to make monthly deposits in the TI/LC reserve. With respect to Loan No. 6, Green Acres, the borrowers are not required to make any monthly deposits to the rollover reserve account when the rollover reserve balance is equal to the sum of 24 monthly deposits, currently estimated to be $2,094,342 (the “Rollover Reserve Cap”). The borrowers’ upfront deposit of approximately $743,644 in respect of gap rent is not included in the calculation of the rollover reserve balance for purposes of calculating the Rollover Reserve Cap. With respect to Loan No. 8, Cityview Centre, the replacement reserve account is subject to a cap of $169,543. With respect to Loan No. 8, Cityview Centre, the rollover reserve account is subject to a cap of $500,000. With respect to Loan No. 8, Cityview Centre, the critical tenant reserve account is subject to a cap of (i) with regard to a critical tenant trigger period resulting from a critical tenant trigger event for non-renewal, $1,000,000, and (ii) with regard to a critical tenant trigger period resulting from any other critical tenant trigger event, $1,000,000 for the first 12 months of such critical tenant trigger event and increasing to $2,000,000 thereafter. In no event, however, will the cap exceed $2,000,000. With respect to Loan No. 10, 100 Jefferson Road, the borrower is required to make monthly deposits into the TI/LC reserve of $14,779.71, subject to a cap of $886,782.50. With respect to Loan No. 16, The Showboat Hotel, the seasonality reserve account is subject to a cap of $1,206,555.12. With respect to Loan No. 17, Gateway One, the tenant improvement and leasing reserve account is subject to a cap of $1,300,000. With respect to Loan No. 22, Holiday Inn Express – Hesperia, until the PIP funds subaccount is equal to $399,200 (which is equal to 100% of the amount estimated by the lender to complete the existing PIP) the borrower will be required on each payment to deposit with the lender in the PIP funds subaccount the greater of (i) $20,000, or (ii) all rents available to be deposited in the PIP funds subaccount in accordance with the mortgage loan documents. |
| (21) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates. With respect to Loan No. 6, Green Acres, the Largest Tenant, Macy’s, leases 266,676 square feet expiring on August 18, 2026 and 123,827 square feet expiring on July 31, 2034. With respect to Loan No. 6, Green Acres, the Second Largest Tenant, Walmart, has 173,450 square feet expiring August 31, 2028, and also temporarily occupied certain temporary space under a lease that commenced February 1, 2022 and expired January 31, 2023. |
| (22) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. |
| (23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In |
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| addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 2, Pacific Design Center, the Largest Tenant, Cedars Sinai Medical Center, has 46,151 square feet expiring on May 31, 2030, 9,000 square feet expiring on August 31, 2032, 97,053 square feet expiring on June 30, 2033, and 107,449 square feet expiring on June 30, 2038. The Third Largest Tenant, Pluto, Inc., leases 350 square feet on a month-to-month basis and has 35,500 square feet expiring on November 30, 2028. The Fifth Largest Tenant, Kneedler Fauchere, leases display space (one square foot) on a month-to-month basis and has 17,761 square feet expiring on January 31, 2028. With respect to Loan No. 2, Pacific Design Center, the Largest Tenant, Cedars Sinai Medical Center, has the right to terminate the lease with respect to the space (the “Fifth Amendment Space”) leased pursuant to the fifth amendment of lease to the building known as the “blue building”, dated as of June 10, 2022, between the borrower and Cedars Sinai Medical Center (the “Fifth Amendment”) based on the following circumstances. Subject to the tenant fulfilling certain obligations, the borrower is required to use best efforts to cause the City of West Hollywood (the “City”) to confirm in writing that, among other things, the tenant’s lawful ability to use the entirety of the Fifth Amendment Space for the permitted use set forth in the lease and the vacancy requirements set forth by the City are satisfied (the “City Confirmation”). Should an acceptable City Confirmation not issue (other than as arising or related to the tenant’s plans), the tenant will be entitled to terminate the Fifth Amendment; however, after the tenant has provided notice of its intent to terminate the lease, the borrower has the right to obtain the City Confirmation within 60 days of such notice of termination. If no acceptable City Confirmation is obtained within the 60-day period, the tenant may terminate the lease by providing 10 days’ written notice. In addition, the borrower is seeking to permanently amend the development plan governing the Pacific Design Center Mortgaged Property to remove certain requirements. Should the borrower’s pursuit of the development plan amendment negatively impact the tenant’s rights under its various leases, including its permitted use, the allocated parking or increase in the tenant’s operating expenses, the tenant will have the right of termination as to space leased under the Fifth Amendment. In the case of any termination described in this paragraph, the borrower will be liable for all of the tenant’s reasonable actual out-of-pocket costs and expenses incurred in connection with the Fifth Blue Amendment (including rent paid thereunder prior to the date of tenant’s termination), certain project conformity approval from the City and design, planning and engineering efforts associated with the Fifth Blue Amendment Space. In the event the borrower fails to reimburse the tenant for such costs within ten business days of demand, the tenant is entitled to offset the same against rents coming due under the other leases that the tenant has at the mortgaged property. | |
| With respect to Loan No. 2, Pacific Design Center, the Third Largest Tenant, Pluto, Inc., has the ongoing right to terminate the lease for its 35,500 square feet of office space, the G900 suite, upon providing the borrower written notice (the “Early Termination Notice”), effective on or at any date (the “Early Termination Date”) after August 31, 2026 subject to, among other conditions, (i) the Early Termination Date being no earlier than 180 days following delivery of the Early Termination Notice and (ii) Pluto, Inc. paying to the borrower a termination fee equaling the sum of (x) the total amount of the base rent abated under the lease, (y) the borrower’s tenant improvement allowance contribution and (z) the brokerage commissions paid and payable by the borrower in respect of the lease, each amortized over the term of the lease using a straight-line method of calculation. With respect to Loan No. 3, 2 Executive, the Largest Tenant, GSA - U.S. DOS, may terminate its lease at any time after October 10, 2027 with 90 days’ written notice. With respect to Loan No. 7, South Lake at Dulles, the Sole Tenant, Amazon.com Services, Inc., has the right to terminate its lease with respect to up to four contiguous floors (floors 7-10) totaling 110,823 square feet (the (“Designated Contraction Space”), effective as of April 30, 2028, with at least 15 months’ prior notice. The tenant must pay a contraction fee equal to the sum of certain unamortized costs related to the Designated Contraction Space, including (i) leasing commissions, (ii) rent abatements (less certain operating and tax expenses paid by the tenant as set forth in the related lease) and (iii) tenant improvements (each amortized on a straight line basis at the rate of 7% per annum over the period from April 18, 2020 through and including April 30, 2032). With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Largest Tenant at the Metroplex – PA Mortgaged Property, Bill Me Later, Inc. (“BML”), has the right to terminate its lease with respect to one or more floors of its space effective on September 30, 2027 (the “BML Termination Date”) with (i) written notice no later than (x) 15 months prior to the BML Termination Date if BML is terminating all of its space at the Mortgaged Property or (y) 12 months prior to the BML Termination Date if BML is terminating less than all of its space at the Mortgaged Property and (ii) payment of a termination fee. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Sole Tenant at the 500 North Gulph Mortgaged Property, CSL Behring L.L.C., has a one-time right to terminate its lease effective as of July 31, 2028 with (i) not less than 24 months’ prior written notice and (ii) payment of a termination fee. |
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| With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Largest Tenant at The Bulletin Building mortgaged property, Spark Therapeutics, Inc., has the right to terminate its lease with respect to one or more contiguous floors of its space effective on December 31, 2028 (the “Sparks Termination Date”) with (i) written notice no later than (x) 30 months prior to the Sparks Termination Date if Spark Therapeutics, Inc. is then occupying three or more full floors at the mortgaged property or (y) 24 months prior to the Sparks Termination Date if Spark Therapeutics Inc. is then occupying less than three floors at the mortgaged property and (ii) payment of a termination fee. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Fourth Largest Tenant at the 1900 Market mortgaged property, Aberdeen Asset Management Inc., d/b/a Aberdeen Standard Investments, has the right to terminate its lease effective on August 31, 2030 with at least 12 months’ prior written notice and payment of a termination fee. With respect to Loan No. 9, Brandywine Strategic Office Portfolio, the Fourth Largest Tenant at the 401-405 Colorado mortgaged property, Perkins Coie LLP, has a one-time right to terminate its lease effective as of November 30, 2029 with (i) not less than 12 months’ prior written notice and (ii) payment of a termination fee. | |
| With respect to Loan No. 13, 575 Broadway, the Third Largest Tenant, Valor Management LLC, has a one-time right to terminate its lease effective on August 31, 2029 with one-year written notice, payment of three months base rent and tax due, plus unamortized leasing commissions, borrower’s work, and free rent. | |
| (24) | With respect to Loan No. 4, Gloucester Premium Outlets, for so long as Simon Property Group, L.P. or Simon Property Group, Inc. is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the original principal balance of the Gloucester Premium Outlets whole loan, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable out-of-pocket attorneys’ fees) incurred by the lender in connection with the enforcement or preservation of the lender’s rights under, the guaranty. With respect to Loan No. 7, South Lake at Dulles, the whole loan does not have a separate carveout guarantor that is distinct from the borrower. With respect to Loan No. 12, Sentinel Square II, the whole loan does not have a separate carveout guarantor or environmental indemnitor that is distinct from the borrower. With respect to Loan No. 19, Valley View Shopping Center, the mortgage loan is structured with both primary and supplemental guarantors. The primary guarantor, National Credit Tenant Investments, LLC, is liable for any non-recourse carve-out event. There are three supplemental guarantors, Jon W. Bell, Richard E. Cramer, and Linda Marie Mickel (a/k/a Linda M. Montana) and City National Bank, N.A. as co-trustees of The Linda Marie Mickel Trust U/T/D September 29, 1992, that are liable for any non-recourse carve-out event tied to the specific actions of their respective TIC entities. |
| (25) | Each number identifies a group of related borrowers. |
| (26) | The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” and “—Definitions” in the preliminary prospectus for further details. With respect to Loan No. 6, Green Acres, the borrowers are required to cause rents to be deposited by the tenants into a lockbox account established at origination under the Green Acres whole loan documents, and the borrowers will have access to the funds in the lockbox account and use the lockbox account as an operating account so long as no trigger period continues. During the continuance of a trigger period, as defined in the Green Acres whole loan documents, the borrowers will not have any further access to the funds in the lockbox account except as otherwise expressly provided in the Green Acres whole loan documents. With respect to Loan No. 7, South Lake at Dulles, the whole loan is structured with a hard lockbox for the master tenant and a springing lockbox for the master tenant’s sub-tenant, Amazon. If a trigger period occurs, the master tenant is required to cause Amazon to deliver their rent into the springing lockbox, which would then flow to the cash management account. |
| (27) | With respect to Loan No. 6, Green Acres, both Green Acres Mall (excluding the Walmart parcel) and Green Acres Commons benefit from 10-year tax abatements pursuant to respective payment-in-lieu of taxes agreements dated May 1, 2015 (the “PILOT Agreements”), between the borrowers and the Town of Hempstead Industrial Development Agency (the “Hempstead IDA”), which expire on December 31, 2026, with one, five-year extension period. The extension of the PILOT documents requires the consent of the Hempstead IDA. In 2018, the Hempstead IDA attempted to withdraw and terminate the PILOT documents, and such attempt was overruled by the court. In |
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| connection with the PILOT Agreements, the borrowers lease the Green Acres Property (excluding the Walmart Parcel) to the Hempstead IDA pursuant to the master leases, and the Hempstead IDA subleases the Green Acres Property (excluding the Walmart parcel) back to the borrowers. Such leases will be terminated upon the termination of the PILOT Agreements. Pursuant to the terms of the PILOT Agreements and the related leases, the borrowers are obligated to, among other things, (i) comply with certain full-time employment commitments and (ii) in exchange for certain exemptions from property taxes on real and personal property, make annual payment-in-lieu of taxes payments for the 2016 through the 2026 tax years. A failure of the borrowers to comply with the PILOT Agreements may result in an early termination of the PILOT Agreements or a return of certain tax benefits received by the borrowers to the Hempstead IDA. Total annual payment-in-lieu of taxes payments payable by the borrowers commenced at $14,140,000 and increased to $15,400,000 during the fourth and fifth tax abatement years and are equal to $16,300,000 during the second five tax abatement years. Real estate taxes were underwritten based on the actual tax bills for all of the property tax parcels at the Green Acres Property (including the Walmart parcel), inclusive of any tax reimbursements or expenses payable by the tenants and payment-in-lieu of taxes (“PILOT”) payable by the borrowers for 2022 under the related PILOT documents. According to the appraisal, the tax benefits for 2023 under the PILOT documents are expected to be $15,365,892, and if the PILOT documents are not renewed, the total amount of real estate taxes payable by the borrowers is expected to increase by approximately $17.1 million in 2027. | |
| (28) | With respect to Loan No. 7, South Lake at Dulles, the South Lake at Dulles whole loan was structured as a Shari’ah compliant loan. In connection with such structure, the mortgaged property is owned by a special purpose entity borrower owned by a third-party services company, and the borrower master leases the mortgaged property to a special purpose entity that is indirectly owned by the related borrower sponsors. The master lessee subleases the mortgaged property to the end-user tenant. The rent under the master lease is equal to the debt service payments required under the South Lake at Dulles whole loan, as well as reserve payments and any other sums due under the South Lake at Dulles whole loan. At origination, the lender received a fee mortgage from the borrower on its interest in the mortgaged property. The master tenant has collaterally assigned all tenant leases at the mortgaged property to the borrower, who has further assigned its interests to the lender. Upon foreclosure, the lender may terminate the master lease at its sole option without the payment of any termination fee and, pursuant to subordination non-disturbance and attornment agreements with the end-user tenant, the end-user tenant is required to attorn to the lender as its landlord. The master lease is for a five-year term with an expiration date of March 5, 2028. With respect to Loan No. 21, Orizon Aerostructures, OZN Chanute (Multi) LLC entered into a master lease with Orizon Aerostructures, LLC on October 13, 2022, with an expiration date on December 31, 2047. |
| (29) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones “QOZs” under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any mortgaged properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. With respect to Loan No. 5, Rialto Industrial, the mortgaged property is located in a Qualified Opportunity Zone. With respect to Loan No. 15, Fibertown Data Center, the mortgaged property is located in a Qualified Opportunity Zone. |
| (30) | With respect to Loan No. 2, Pacific Design Center, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily driven by rent from additional executed Cedars Sinai Medical Center leases with start dates after the TTM 9/30/2022 period as well as the associated credit tenant rent steps. With respect to Loan No. 3, 2 Executive, historical net operating income is lower than Underwritten Net Operating Income ($) due to the ongoing conversion of floors six through nine to 84 multifamily units between 2020 and 2022. The four floors were previously used as commercial space, which tenant leases were not renewed. The formerly leased spaces were held vacant, renovated, converted to multifamily use and subsequently leased up. With respect to Loan No. 25, Pomona Industrial, the increase from the Most Recent NOI ($) to the Underwritten Net Operating Income ($) is primarily attributable to the Largest Tenant, BlueDot Safes & Beric Inc., executing a new lease on January 17, 2023 at market rent in connection with the origination of the Pomona Industrial mortgage loan. |
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| (31) | With respect to Loan No. 7, South Lake at Dulles, the lender consents pursuant to the whole loan documents to Mirabaud RE South Lake Venture LLC (the “Intercompany Loan Borrower”), the sole member of Mirabaud RE South Lake LLC (the “Master Tenant”) obtaining an intercompany loan in an amount not to exceed $27,000,000 (an “Intercompany Loan”) from Mirabaud RE South Lake SCSP (the “Intercompany Loan Lender”) provided the following conditions are satisfied: (a) the Intercompany Loan will be unsecured and the Intercompany Loan Lender will have no right, title or interest in and to any of the mortgaged property, (b) the borrower under the Intercompany Loan will never be the borrower or master tenant at the mortgaged property, (c) the debt service and repayment of the Intercompany Loan will only be paid out of (i) excess cash flow from the mortgaged property after full payment to the South Lake at Dulles whole loan’s debt service, reserves required to be paid pursuant to the terms of the whole loan documents and operating expenses or (ii) funds that are not collateral for the South Lake at Dulles whole loan and to the extent that a cash management period has occurred and is continuing, the Intercompany Loan Lender will agree that any amount due and owing to the Intercompany Loan Lender under any loan document evidencing and/or securing the Intercompany Loan will accrue and not be due and payable by the Intercompany Loan Borrower until the cash management period has terminated; (d) the Intercompany Loan Lender will not be permitted to commence the exercise of any remedies available to it under any loan document evidencing and/or securing the Intercompany Loan until the South Lake at Dulles whole loan to lender has been repaid in full, and (e) the borrower will pay (or cause the master tenant to pay) all of the lender’s reasonable out-of-pocket costs and expenses in connection with the Intercompany Loan. With respect to Loan No. 13, 575 Broadway, the mortgaged property is located within a historic district and, as a result, the borrower is required to participate in a continuous maintenance program and emergency protection program overseen by the New York City Landmarks Preservation Commission (the “LPC”) to preserve the exterior of the building. In 1992, the borrower entered into a façade declaration (the “575 Broadway Facade Declaration”) in connection with obtaining a special use permit to use the cellar and second floor as a museum for a prior tenant, which tenant vacated the mortgaged property in or around 2000; however, the mortgaged property remains subject to the declaration. In connection with the 575 Broadway Facade Declaration, the mortgaged property is inspected every three years or following a casualty by a preservation architect who identifies a scope of work necessary to preserve the exterior of the building. Thereafter, the repairs are required to be made within nine months of the issuance of an LPC permit for such work, subject to appeal by the property owner (currently the ground lessor and the borrower) at their own expense. The borrower may apply for extensions to complete the work, subject to the LPC’s approval. As of the origination date of the 575 Broadway whole loan, the borrower represented that the last such inspection was scheduled in 2017 and that the borrower had engaged an architect to perform the next such inspection. With respect to Loan No. 18, Oak Street NLP Fund Portfolio, pursuant to the Save Mart Supermarkets master lease, the tenant was required to provide a letter of credit in the amount equal to 18 months of the then-current base rent under the Save Mart Supermarkets master lease. The borrower may draw on the letter of credit to satisfy any such unpaid obligation of Save Mart Supermarkets and Save Mart Supermarkets will be required to replenish the letter of credit to the original amount. |
| (32) | With respect to Loan No. 19, Valley View Shopping Center, the borrowers own the mortgaged property as tenants-in-common. |
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