FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-255934-06 | ||
BMO 2023-5C1 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-866-864-7760 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of BMO Capital Markets Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., SG Americas Securities, LLC, Bancroft Capital, LLC, Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
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BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State | Zip Code |
1 | 25 | ||||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 8.2% | 100.0% | DBRI, WFBNA | GACC, 3650 REIT | NAP | NAP | 501 Gateway Drive | Brooklyn | Kings | NY | 11239 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 8.2% | 100.0% | BOA, LMF, UBS | LMF, BMO | NAP | NAP | 11 West 42nd Street | New York | New York | NY | 10036 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 8.2% | 100.0% | GSBI, BANA | GSMC | Group A | NAP | 11800 West Broad Street | Richmond | Henrico | VA | 23233 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | 7.6% | 100.0% | 3650 REIT | 3650 REIT | NAP | NAP | 30-36 Crosby Street and 333 Main Street | Danbury | Fairfield | CT | 06810 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 6.9% | JPMCB, 3650 REIT | 3650 REIT | NAP | NAP | Various | Various | Various | Various | Various | |
5.01 | Property | 1 | Romulus - Huron | 1.8% | 25.5% | 38481 Huron River Drive | Romulus | Wayne | MI | 48174 | |||||
5.02 | Property | 1 | Warren Perkins Jones | 1.6% | 22.5% | 541 Perkins Jones Road Northeast | Warren | Trumbull | OH | 44483 | |||||
5.03 | Property | 1 | Cleveland American Industrial | 1.2% | 17.0% | 1 American Road | Cleveland | Cuyahoga | OH | 44144 | |||||
5.04 | Property | 1 | Cleveland American Office | 1.0% | 14.5% | 100 American Road | Cleveland | Cuyahoga | OH | 44144 | |||||
5.05 | Property | 1 | Miles North Randall | 0.9% | 13.0% | 21201 Miles Road | North Randall | Cuyahoga | OH | 44128 | |||||
5.06 | Property | 1 | Invacare | 0.4% | 6.0% | 1200 Taylor Street | Elyria | Lorain | OH | 44035 | |||||
5.07 | Property | 1 | Stop Eight Vandalia | 0.1% | 1.5% | 3345 Stop Eight Road | Vandalia | Montgomery | OH | 45414 | |||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 6.8% | 100.0% | SGFC | SGFC | NAP | NAP | 14063 East Brown Street | Riverside | Riverside | CA | 92508 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 6.8% | 100.0% | DBNY, BMO, MSNBA | GACC, BMO | Group A | NAP | 2860 Cumberland Mall Southeast | Atlanta | Cobb | GA | 30339 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 5.4% | BMO | BMO | NAP | NAP | Various | New York | New York | NY | Various | |
8.01 | Property | 1 | 2410-2418 Broadway | 1.8% | 34.1% | 2410-2418 Broadway | New York | New York | NY | 10024 | |||||
8.02 | Property | 1 | 245 West 51st Street | 1.7% | 31.9% | 245 West 51st Street | New York | New York | NY | 10019 | |||||
8.03 | Property | 1 | 324-326 West 84th Street | 1.0% | 19.3% | 324-326 West 84th Street | New York | New York | NY | 10024 | |||||
8.04 | Property | 1 | 107 West 68th Street | 0.6% | 11.0% | 107 West 68th Street | New York | New York | NY | 10023 | |||||
8.05 | Property | 1 | 1443-1447 York Avenue | 0.2% | 3.7% | 1443-1447 York Avenue | New York | New York | NY | 10075 | |||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 5.2% | 100.0% | CREFI | CREFI | NAP | NAP | 33-68 Farrington Street | Queens | Queens | NY | 11354 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 3.9% | 100.0% | DBNY, GS Bank, WFBNA, New York Life Insurance Company, TIAA | GACC, GSMC | NAP | NAP | 222 Berkeley Street and 500 Boylston Street | Boston | Suffolk | MA | 02116 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 3.9% | 100.0% | BMO, CREFI | CREFI, BMO | NAP | NAP | 200-210 Hudson Street | Jersey City | Hudson | NJ | 07311 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 3.5% | 100.0% | BMO, SMC | BMO, SMC | NAP | NAP | 1337 Chestnut Street | Philadelphia | Philadelphia | PA | 19107 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 3.4% | 100.0% | CREFI | CREFI | NAP | NAP | 107 Tom Starling Road | Fayetteville | Cumberland | NC | 28306 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 2.9% | 100.0% | Barclays, SGFC | SGFC | Group A | NAP | 7900 Shelbyville Road | Louisville | Jefferson | KY | 40222 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 2.6% | 100.0% | GSBI, MSBNA | BMO | Group A | NAP | 1111 & 1200 Bagby Street | Houston | Harris | TX | 77002 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 2.4% | SGFC | SGFC | NAP | NAP | Various | Various | Various | GA | Various | |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | 1.4% | 60.9% | 121 Morgan Lakes Industrial Boulevard | Pooler | Chatham | GA | 31322 | |||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | 0.9% | 39.1% | 6582 Peachtree Industrial Boulevard | Peachtree Corners | Gwinnett | GA | 30071 | |||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 2.3% | 100.0% | BMO | BMO | NAP | NAP | 900 South Gay Street | Knoxville | Knox | TN | 37902 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 2.2% | 100.0% | SMC | SMC | NAP | NAP | 150 West Flagler Street | Miami | Miami-Dade | FL | 33130 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | 2.2% | KeyBank | KeyBank | NAP | NAP | Various | Various | Various | NY | Various | |
19.01 | Property | 1 | Sweet Sam's Factory | 1.4% | 64.0% | 1261 Seabury Avenue | Bronx | Bronx | NY | 10462 | |||||
19.02 | Property | 1 | 15 East 76th Street | 0.5% | 24.3% | 15 East 76th Street | New York | New York | NY | 10021 | |||||
19.03 | Property | 1 | 523B East 85th Street | 0.3% | 11.7% | 523B East 85th Street | New York | New York | NY | 10028 | |||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | 1.8% | 100.0% | 3650 REIT | 3650 REIT | NAP | NAP | 5725 Paradise Drive | Corte Madera | Marin | CA | 94925 |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 1.3% | BMO | BMO | NAP | NAP | Various | New York | New York | NY | Various | |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | 0.9% | 65.5% | 30, 40 and 60 East 9th Street | New York | New York | NY | 10003 | |||||
21.02 | Property | 1 | 260 West 87th Street | 0.5% | 34.5% | 260 West 87th Street | New York | New York | NY | 10024 | |||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 1.3% | CREFI | CREFI | NAP | NAP | Various | Various | Various | Various | Various | |
22.01 | Property | 1 | Prime Storage Bridgehampton | 0.1% | 7.5% | 229 Butter Lane | Bridgehampton | Suffolk | NY | 11932 | |||||
22.02 | Property | 1 | Prime Storage Bohemia | 0.1% | 6.3% | 868 Lincoln Avenue | Bohemia | Suffolk | NY | 11716 | |||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | 0.1% | 4.0% | 98 Depot Road | Westhampton Beach | Suffolk | NY | 11978 | |||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | 0.0% | 3.7% | 109-09 180th Street | Jamaica | Queens | NY | 11433 | |||||
22.05 | Property | 1 | Prime Storage West Palm Beach | 0.0% | 3.5% | 411 and 422 7th Street | West Palm Beach | Palm Beach | FL | 33401 | |||||
22.06 | Property | 1 | Prime Storage Snellville | 0.0% | 3.3% | 3220 Centerville Highway | Snellville | Gwinnett | GA | 30039 | |||||
22.07 | Property | 1 | Prime Storage Shallotte | 0.0% | 3.1% | 4747 Old Shallotte Road Northwest | Shallotte | Brunswick | NC | 28470 | |||||
22.08 | Property | 1 | Prime Storage Danbury East | 0.0% | 3.0% | 8A Great Pasture Road | Danbury | Fairfield | CT | 06810 | |||||
22.09 | Property | 1 | Prime Storage Dallas | 0.0% | 2.9% | 9088 Dallas Acworth Highway | Dallas | Paulding | GA | 30132 | |||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | 0.0% | 2.8% | 99 Pine Aire Drive | Bay Shore | Suffolk | NY | 11706 | |||||
22.11 | Property | 1 | Prime Storage Mesa | 0.0% | 2.8% | 5932 East Brown Road | Mesa | Maricopa | AZ | 85205 | |||||
22.12 | Property | 1 | Prime Storage Warren | 0.0% | 2.7% | 130 Franklin Street | Warren | Bristol | RI | 02885 | |||||
22.13 | Property | 1 | Prime Storage Portsmouth | 0.0% | 2.4% | 350 High Point Avenue | Portsmouth | Newport | RI | 02871 | |||||
22.14 | Property | 1 | Prime Storage Bolivia | 0.0% | 2.4% | 890 Southport - Supply Road Southeast | Bolivia | Brunswick | NC | 28422 | |||||
22.15 | Property | 1 | Prime Storage Charlottesville | 0.0% | 2.3% | 2365, 2383 and 2375 Hunters Way | Charlottesville | Albemarle | VA | 22911 | |||||
22.16 | Property | 1 | Prime Storage Clifton | 0.0% | 2.3% | 47 Main Avenue | Clifton | Passaic | NJ | 07014 | |||||
22.17 | Property | 1 | Prime Storage Centereach | 0.0% | 2.2% | 21 Hammond Road | Centereach | Suffolk | NY | 11720 | |||||
22.18 | Property | 1 | Prime Storage Marietta North | 0.0% | 2.2% | 3850 Shallowford Road | Marietta | Cobb | GA | 30062 | |||||
22.19 | Property | 1 | Prime Storage Hardeeville | 0.0% | 2.1% | 1689 Brickyard Road | Hardeeville | Jasper | SC | 29927 | |||||
22.20 | Property | 1 | Prime Storage Summerville | 0.0% | 2.1% | 2248 North Main Street | Summerville | Berkeley | SC | 29486 | |||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | 0.0% | 2.0% | 1553 Lynnhaven Parkway | Virginia Beach | Virginia Beach | VA | 23453 | |||||
22.22 | Property | 1 | Prime Storage Marietta South | 0.0% | 2.0% | 155 Heathersett Drive | Marietta | Cobb | GA | 30064 | |||||
22.23 | Property | 1 | Prime Storage Cartersville | 0.0% | 1.9% | 1340 Joe Frank Harris Parkway | Cartersville | Bartow | GA | 30120 | |||||
22.24 | Property | 1 | Prime Storage Danbury West | 0.0% | 1.9% | 20 Old Ridgebury Road | Danbury | Fairfield | CT | 06810 | |||||
22.25 | Property | 1 | Prime Storage Scarborough | 0.0% | 1.8% | 8 Pleasant Hill Road | Scarborough | Cumberland | ME | 04074 | |||||
22.26 | Property | 1 | Prime Storage Baltimore | 0.0% | 1.7% | 3220 Wilkens Avenue | Baltimore | Baltimore | MD | 21229 | |||||
22.27 | Property | 1 | Prime Storage Farmingdale | 0.0% | 1.7% | 2091 New Highway | Farmingdale | Suffolk | NY | 11735 | |||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | 0.0% | 1.7% | 3500 Wilkens Avenue | Baltimore | Baltimore | MD | 21229 | |||||
22.29 | Property | 1 | Prime Storage Glenville | 0.0% | 1.6% | 65 Freemans Bridge Road | Glenville | Schenectady | NY | 12302 | |||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | 0.0% | 1.5% | 12650 Ford Drive | Fishers | Hamilton | IN | 46038 | |||||
22.31 | Property | 1 | Prime Storage Acworth North | 0.0% | 1.5% | 6394 Bells Ferry Road | Acworth | Cherokee | GA | 30102 | |||||
22.32 | Property | 1 | Prime Storage Rock Hill | 0.0% | 1.5% | 2550 Cherry Road | Rock Hill | York | SC | 29732 | |||||
22.33 | Property | 1 | Prime Storage Simpsonville | 0.0% | 1.5% | 2711 Woodruff Road | Simpsonville | Greenville | SC | 29681 | |||||
22.34 | Property | 1 | Prime Storage Acworth East | 0.0% | 1.4% | 2645 Hickory Grove Road | Acworth | Cobb | GA | 30101 | |||||
22.35 | Property | 1 | Prime Storage Saco | 0.0% | 1.4% | 28 Industrial Park Road | Saco | York | ME | 04072 | |||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | 0.0% | 1.4% | 2613 North Point Boulevard | Baltimore | Baltimore | MD | 21222 | |||||
22.37 | Property | 1 | Prime Storage Green Island | 0.0% | 1.3% | 12 Lower Hudson Avenue | Green Island | Albany | NY | 12183 | |||||
22.38 | Property | 1 | Prime Storage North Fort Myers | 0.0% | 1.3% | 2590 North Tamiami Trail | North Fort Myers | Lee | FL | 33903 | |||||
22.39 | Property | 1 | Prime Storage Marietta | 0.0% | 1.2% | 1225 Canton Road | Marietta | Cobb | GA | 30066 | |||||
22.40 | Property | 1 | Prime Storage Midland | 0.0% | 1.2% | 6700 Flat Rock Road | Midland | Muscogee | GA | 31820 | |||||
22.41 | Property | 1 | Prime Storage Lansing | 0.0% | 1.2% | 1530 Lake Lansing Road | Lansing | Ingham | MI | 48912 | |||||
22.42 | Property | 1 | Prime Storage Acworth West | 0.0% | 1.2% | 3495 Baker Road | Acworth | Cobb | GA | 30101 | |||||
22.43 | Property | 1 | Prime Storage Boardman | 0.0% | 1.1% | 7469 South Avenue | Boardman | Mahoning | OH | 44512 | |||||
22.44 | Property | 1 | Prime Storage North Miami | 0.0% | 0.9% | 1945 Northeast 135th Street | North Miami | Miami-Dade | FL | 33181 | |||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | 0.0% | 0.6% | 1260 East Butler Road | Greenville | Greenville | SC | 29607 | |||||
23 | Loan | 1 | Eden Apartments | 1.0% | 100.0% | SGFC | SGFC | NAP | NAP | 800 Minette Circle | Louisville | Jefferson | KY | 40258 | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 0.7% | 100.0% | GSBI, MSBNA, BMO, DBRI | BMO | NAP | NAP | 2034 Green Acres Road | Valley Stream | Nassau | NY | 11581 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 0.6% | CREFI | CREFI | NAP | NAP | Various | Little Rock | Pulaski | AR | 72209 | |
25.01 | Property | 1 | 8015 Geyer Springs Road | 0.4% | 56.0% | 8015 Geyer Springs Road | Little Rock | Pulaski | AR | 72209 | |||||
25.02 | Property | 1 | 6100 Leon Circle | 0.3% | 44.0% | 6100 Leon Circle | Little Rock | Pulaski | AR | 72209 | |||||
26 | Loan | 1 | Mini U Storage - Tomball | 0.5% | 100.0% | KeyBank | KeyBank | NAP | NAP | 11950 Spring Cypress Road | Tomball | Harris | TX | 77377 | |
27 | Loan | 1 | Marco MHC | 0.3% | 100.0% | SMC | SMC | NAP | NAP | 235 Old Country Road | Riverhead | Suffolk | NY | 11901 |
A-1 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 % | Administrative Fee Rate % |
2 | 2 | 3 | 6, 7 | 6, 7 | 6, 7 | 8 | ||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | Retail | Anchored | 2002 | NAP | 355,033 | SF | 457.70 | 62,500,000 | 62,500,000 | 62,500,000 | 6.87300% | 0.016595% |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | Office | CBD | 1927 | 2018 | 960,568 | SF | 285.25 | 62,500,000 | 62,500,000 | 62,500,000 | 7.44000% | 0.017845% |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Retail | Open-Air Lifestyle Center | 2003 | 2014 | 635,494 | SF | 283.24 | 62,500,000 | 62,500,000 | 62,500,000 | 8.30300% | 0.017845% |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | Multifamily | Mid Rise | 2007, 2023 | NAP | 264 | Units | 219,696.97 | 58,000,000 | 58,000,000 | 58,000,000 | 6.00000% | 0.016595% |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | Various | Various | Various | Various | 4,662,982 | SF | 38.60 | 52,800,000 | 52,800,000 | 52,800,000 | 7.35000% | 0.016595% |
5.01 | Property | 1 | Romulus - Huron | Industrial | Manufacturing/Warehouse | 1956 | NAP | 1,112,004 | SF | 13,464,000 | 13,464,000 | 13,464,000 | ||||
5.02 | Property | 1 | Warren Perkins Jones | Industrial | Warehouse/Distribution | 1982 | 2022 | 1,365,535 | SF | 11,880,000 | 11,880,000 | 11,880,000 | ||||
5.03 | Property | 1 | Cleveland American Industrial | Industrial | Warehouse/Distribution | 1978 | 2022 | 1,142,265 | SF | 8,976,000 | 8,976,000 | 8,976,000 | ||||
5.04 | Property | 1 | Cleveland American Office | Office | Suburban | 1978 | 2020 | 344,355 | SF | 7,656,000 | 7,656,000 | 7,656,000 | ||||
5.05 | Property | 1 | Miles North Randall | Industrial | Warehouse/Distribution | 2021 | NAP | 302,400 | SF | 6,864,000 | 6,864,000 | 6,864,000 | ||||
5.06 | Property | 1 | Invacare | Industrial | Flex | 1972 | 2013 | 301,000 | SF | 3,168,000 | 3,168,000 | 3,168,000 | ||||
5.07 | Property | 1 | Stop Eight Vandalia | Industrial | Warehouse/Distribution | 1970 | 2020 | 95,423 | SF | 792,000 | 792,000 | 792,000 | ||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | Industrial | Warehouse/Distribution | 2019 | NAP | 596,090 | SF | 117.43 | 52,000,000 | 52,000,000 | 52,000,000 | 8.12200% | 0.016595% |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | Retail | Super Regional Mall | 1973 | 2006-2016 | 709,318 | SF | 253.76 | 52,000,000 | 52,000,000 | 52,000,000 | 7.87000% | 0.016595% |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | Multifamily | Various | Various | Various | 201 | Units | 268,656.72 | 41,000,000 | 41,000,000 | 41,000,000 | 4.18762962962963% | 0.016595% |
8.01 | Property | 1 | 2410-2418 Broadway | Multifamily | High Rise | 1915 | 1989 | 46 | Units | 14,000,741 | 14,000,741 | 14,000,741 | ||||
8.02 | Property | 1 | 245 West 51st Street | Multifamily | High Rise | 1912 | 1998 | 65 | Units | 13,082,037 | 13,082,037 | 13,082,037 | ||||
8.03 | Property | 1 | 324-326 West 84th Street | Multifamily | High Rise | 1914 | NAP | 48 | Units | 7,896,296 | 7,896,296 | 7,896,296 | ||||
8.04 | Property | 1 | 107 West 68th Street | Multifamily | Mid Rise | 1930 | NAP | 30 | Units | 4,494,815 | 4,494,815 | 4,494,815 | ||||
8.05 | Property | 1 | 1443-1447 York Avenue | Multifamily | Mid Rise | 1920 | NAP | 12 | Units | 1,526,111 | 1,526,111 | 1,526,111 | ||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | Mixed Use | Hospitality/Retail | 2021 | NAP | 210 | Rooms | 190,952.38 | 40,100,000 | 40,100,000 | 40,100,000 | 7.67000% | 0.016595% |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | Office | CBD | 1987, 1991 | 2016-2022 | 1,283,670 | SF | 370.03 | 30,000,000 | 30,000,000 | 30,000,000 | 6.29800% | 0.016595% |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | Office | CBD | 1930 | 2021 | 1,599,029 | SF | 140.71 | 30,000,000 | 30,000,000 | 30,000,000 | 5.84000% | 0.016595% |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | Mixed Use | Office/Retail/Court | 1916 | 2007 | 441,696 | SF | 113.20 | 27,000,000 | 27,000,000 | 27,000,000 | 7.68500% | 0.016595% |
13 | Loan | 20 | 1 | 107 Tom Starling Road | Industrial | Warehouse/Distribution | 1974 | 1999 | 918,724 | SF | 28.30 | 26,000,000 | 26,000,000 | 26,000,000 | 7.75000% | 0.016595% |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | Retail | Super Regional Mall | 1971 | 1984, 2013, 2022 | 904,078 | SF | 99.55 | 22,500,000 | 22,500,000 | 22,500,000 | 8.12000% | 0.016595% |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | Office | CBD | 1986 | 2021 | 1,158,165 | SF | 148.51 | 20,000,000 | 20,000,000 | 20,000,000 | 7.63000% | 0.016595% |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | Industrial | Warehouse/Distribution | Various | Various | 256,132 | SF | 70.86 | 18,150,000 | 18,150,000 | 18,150,000 | 8.01200% | 0.016595% |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | Industrial | Warehouse/Distribution | 2018 | NAP | 153,092 | SF | 11,050,000 | 11,050,000 | 11,050,000 | ||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | Industrial | Warehouse/Distribution | 1974 | 1993 | 103,040 | SF | 7,100,000 | 7,100,000 | 7,100,000 | ||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | Office | CBD | 1981-1984 | 2013 | 334,198 | SF | 82.55 | 17,600,000 | 17,592,102 | 16,860,727 | 7.99990% | 0.016595% |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | Office | CBD | 1983 | NAP | 243,825 | SF | 192.76 | 17,000,000 | 17,000,000 | 17,000,000 | 6.54600% | 0.017845% |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | Various | Various | Various | Various | Various | Various | 182.96 | 16,500,000 | 16,500,000 | 16,500,000 | 7.30000% | 0.025345% |
19.01 | Property | 1 | Sweet Sam's Factory | Industrial | Warehouse | 1963 | 2007 | 72,882 | SF | 10,568,000 | 10,568,000 | 10,568,000 | ||||
19.02 | Property | 1 | 15 East 76th Street | Multifamily | Mid Rise | 1896 | 1980, 2010 | 6 | Units | 4,006,000 | 4,006,000 | 4,006,000 | ||||
19.03 | Property | 1 | 523B East 85th Street | Multifamily | Mid Rise | 1910 | 2014 | 7 | Units | 1,926,000 | 1,926,000 | 1,926,000 | ||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | Office | Suburban | 1978, 1997 | NAP | 97,951 | SF | 296.07 | 14,000,000 | 14,000,000 | 14,000,000 | 5.38000% | 0.016595% |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | Other | Parking Garage | Various | NAP | 550 | Spaces | 80,000.00 | 10,000,000 | 10,000,000 | 10,000,000 | 7.91000% | 0.016595% |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | Other | Parking Garage | 1955 | NAP | 360 | Spaces | 6,545,455 | 6,545,455 | 6,545,455 | ||||
21.02 | Property | 1 | 260 West 87th Street | Other | Parking Garage | 1987 | NAP | 190 | Spaces | 3,454,545 | 3,454,545 | 3,454,545 | ||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | Self Storage | Self Storage | Various | Various | 3,090,509 | SF | 131.33 | 10,000,000 | 10,000,000 | 10,000,000 | 6.39000% | 0.031345% |
22.01 | Property | 1 | Prime Storage Bridgehampton | Self Storage | Self Storage | 2005 | NAP | 67,842 | SF | 748,748 | 748,748 | 748,748 | ||||
22.02 | Property | 1 | Prime Storage Bohemia | Self Storage | Self Storage | 1995 | 2004 | 153,175 | SF | 631,088 | 631,088 | 631,088 | ||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | Self Storage | Self Storage | 2003 | 2007 | 66,250 | SF | 403,789 | 403,789 | 403,789 | ||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | Self Storage | Self Storage | 1952 | 2007 | 89,028 | SF | 367,689 | 367,689 | 367,689 | ||||
22.05 | Property | 1 | Prime Storage West Palm Beach | Self Storage | Self Storage | 2000 | 2011 | 70,670 | SF | 354,318 | 354,318 | 354,318 | ||||
22.06 | Property | 1 | Prime Storage Snellville | Self Storage | Self Storage | 2006 | 2008 | 97,174 | SF | 334,263 | 334,263 | 334,263 | ||||
22.07 | Property | 1 | Prime Storage Shallotte | Self Storage | Self Storage | 1994 | 2006 | 135,520 | SF | 308,859 | 308,859 | 308,859 | ||||
22.08 | Property | 1 | Prime Storage Danbury East | Self Storage | Self Storage | 2002 | NAP | 81,744 | SF | 300,836 | 300,836 | 300,836 | ||||
22.09 | Property | 1 | Prime Storage Dallas | Self Storage | Self Storage | 2003 | NAP | 77,898 | SF | 286,129 | 286,129 | 286,129 | ||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | Self Storage | Self Storage | 1998 | NAP | 75,500 | SF | 282,118 | 282,118 | 282,118 | ||||
22.11 | Property | 1 | Prime Storage Mesa | Self Storage | Self Storage | 2006 | NAP | 93,265 | SF | 280,781 | 280,781 | 280,781 | ||||
22.12 | Property | 1 | Prime Storage Warren | Self Storage | Self Storage | 1945 | 2007 | 66,127 | SF | 266,073 | 266,073 | 266,073 | ||||
22.13 | Property | 1 | Prime Storage Portsmouth | Self Storage | Self Storage | 2002 | NAP | 52,575 | SF | 240,669 | 240,669 | 240,669 | ||||
22.14 | Property | 1 | Prime Storage Bolivia | Self Storage | Self Storage | 2006 | NAP | 85,925 | SF | 239,332 | 239,332 | 239,332 | ||||
22.15 | Property | 1 | Prime Storage Charlottesville | Self Storage | Self Storage | 1999, 2002, 2007, 2013 | NAP | 72,465 | SF | 232,647 | 232,647 | 232,647 | ||||
22.16 | Property | 1 | Prime Storage Clifton | Self Storage | Self Storage | 1947, 2000 | 2019 | 51,140 | SF | 228,636 | 228,636 | 228,636 | ||||
22.17 | Property | 1 | Prime Storage Centereach | Self Storage | Self Storage | 1978, 1997 | 2019 | 68,031 | SF | 224,624 | 224,624 | 224,624 | ||||
22.18 | Property | 1 | Prime Storage Marietta North | Self Storage | Self Storage | 2002 | NAP | 80,595 | SF | 216,602 | 216,602 | 216,602 | ||||
22.19 | Property | 1 | Prime Storage Hardeeville | Self Storage | Self Storage | 2010 | NAP | 72,089 | SF | 211,254 | 211,254 | 211,254 | ||||
22.20 | Property | 1 | Prime Storage Summerville | Self Storage | Self Storage | 2017 | NAP | 100,600 | SF | 210,585 | 210,585 | 210,585 | ||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | Self Storage | Self Storage | 2016 | NAP | 62,183 | SF | 201,895 | 201,895 | 201,895 | ||||
22.22 | Property | 1 | Prime Storage Marietta South | Self Storage | Self Storage | 1986, 2003 | NAP | 86,196 | SF | 200,558 | 200,558 | 200,558 | ||||
22.23 | Property | 1 | Prime Storage Cartersville | Self Storage | Self Storage | 2001 | 2006 | 49,706 | SF | 188,524 | 188,524 | 188,524 | ||||
22.24 | Property | 1 | Prime Storage Danbury West | Self Storage | Self Storage | 2010 | NAP | 43,789 | SF | 187,187 | 187,187 | 187,187 | ||||
22.25 | Property | 1 | Prime Storage Scarborough | Self Storage | Self Storage | 1985 | 1998 | 53,025 | SF | 180,502 | 180,502 | 180,502 | ||||
22.26 | Property | 1 | Prime Storage Baltimore | Self Storage | Self Storage | 1988 | NAP | 73,685 | SF | 171,142 | 171,142 | 171,142 | ||||
22.27 | Property | 1 | Prime Storage Farmingdale | Self Storage | Self Storage | 1976 | 1994, 2006, 2009 | 43,998 | SF | 171,142 | 171,142 | 171,142 | ||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | Self Storage | Self Storage | 1984 | NAP | 70,758 | SF | 167,131 | 167,131 | 167,131 | ||||
22.29 | Property | 1 | Prime Storage Glenville | Self Storage | Self Storage | 1999 | 2004 | 62,143 | SF | 157,772 | 157,772 | 157,772 | ||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | Self Storage | Self Storage | 1996 | NAP | 68,875 | SF | 151,087 | 151,087 | 151,087 | ||||
22.31 | Property | 1 | Prime Storage Acworth North | Self Storage | Self Storage | 2001 | NAP | 67,599 | SF | 148,413 | 148,413 | 148,413 | ||||
22.32 | Property | 1 | Prime Storage Rock Hill | Self Storage | Self Storage | 2016 | NAP | 72,300 | SF | 147,744 | 147,744 | 147,744 | ||||
22.33 | Property | 1 | Prime Storage Simpsonville | Self Storage | Self Storage | 2004 | 2018 | 85,425 | SF | 145,070 | 145,070 | 145,070 | ||||
22.34 | Property | 1 | Prime Storage Acworth East | Self Storage | Self Storage | 1999 | NAP | 64,877 | SF | 140,390 | 140,390 | 140,390 | ||||
22.35 | Property | 1 | Prime Storage Saco | Self Storage | Self Storage | 2000 | NAP | 32,175 | SF | 140,390 | 140,390 | 140,390 | ||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | Self Storage | Self Storage | 2007 | NAP | 48,200 | SF | 139,053 | 139,053 | 139,053 | ||||
22.37 | Property | 1 | Prime Storage Green Island | Self Storage | Self Storage | 1997-1999 | NAP | 42,975 | SF | 127,020 | 127,020 | 127,020 | ||||
22.38 | Property | 1 | Prime Storage North Fort Myers | Self Storage | Self Storage | 1984, 1996 | NAP | 40,928 | SF | 126,351 | 126,351 | 126,351 | ||||
22.39 | Property | 1 | Prime Storage Marietta | Self Storage | Self Storage | 1988 | 1997 | 65,984 | SF | 124,346 | 124,346 | 124,346 | ||||
22.40 | Property | 1 | Prime Storage Midland | Self Storage | Self Storage | 2001 | 2004 | 61,495 | SF | 120,335 | 120,335 | 120,335 | ||||
22.41 | Property | 1 | Prime Storage Lansing | Self Storage | Self Storage | 1987 | 2004 | 54,785 | SF | 118,663 | 118,663 | 118,663 | ||||
22.42 | Property | 1 | Prime Storage Acworth West | Self Storage | Self Storage | 1995, 1997, 2000 | NAP | 41,534 | SF | 117,660 | 117,660 | 117,660 | ||||
22.43 | Property | 1 | Prime Storage Boardman | Self Storage | Self Storage | 1998 | 2020 | 80,558 | SF | 114,853 | 114,853 | 114,853 | ||||
22.44 | Property | 1 | Prime Storage North Miami | Self Storage | Self Storage | 2002 | NAP | 16,955 | SF | 86,908 | 86,908 | 86,908 | ||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | Self Storage | Self Storage | 1996 | NAP | 42,750 | SF | 56,825 | 56,825 | 56,825 | ||||
23 | Loan | 1 | Eden Apartments | Multifamily | Garden | 1972 | 2022 | 124 | Units | 61,290.32 | 7,600,000 | 7,600,000 | 7,600,000 | 6.62500% | 0.016595% | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | Retail | Super Regional Mall | 1956, 2016 | 1982, 2006, 2007 | 2,081,286 | SF | 177.77 | 5,500,000 | 5,500,000 | 5,500,000 | 5.89900% | 0.016595% |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | Self Storage | Self Storage | Various | Various | 99,065 | SF | 48.65 | 4,820,000 | 4,820,000 | 4,820,000 | 6.83000% | 0.016595% |
25.01 | Property | 1 | 8015 Geyer Springs Road | Self Storage | Self Storage | 1986 | 2009 | 42,550 | SF | 2,698,000 | 2,698,000 | 2,698,000 | ||||
25.02 | Property | 1 | 6100 Leon Circle | Self Storage | Self Storage | 1988 | NAP | 56,515 | SF | 2,122,000 | 2,122,000 | 2,122,000 | ||||
26 | Loan | 1 | Mini U Storage - Tomball | Self Storage | Self Storage | 2007 | NAP | 81,809 | SF | 49.51 | 4,050,000 | 4,050,000 | 4,050,000 | 7.28000% | 0.025345% | |
27 | Loan | 1 | Marco MHC | Manufactured Housing | Manufactured Housing | 1978 | NAP | 41 | Pads | 53,146.08 | 2,180,000 | 2,178,989 | 2,086,486 | 7.91000% | 0.016595% |
A-2 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) |
9 | 9 | 9 | 9 | |||||||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 6.85641% | NAP | 362,940.54 | NAP | 4,355,286.48 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/24/2023 | 2 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 7.42216% | NAP | 392,881.94 | NAP | 4,714,583.28 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/30/2023 | 1 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 8.28516% | NAP | 438,454.14 | NAP | 5,261,449.68 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/6/2023 | 0 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | 5.98341% | NAP | 294,027.78 | NAP | 3,528,333.36 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/11/2023 | 2 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 7.33341% | NAP | 327,891.67 | NAP | 3,934,700.04 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/20/2023 | 3 |
5.01 | Property | 1 | Romulus - Huron | |||||||||||||||||
5.02 | Property | 1 | Warren Perkins Jones | |||||||||||||||||
5.03 | Property | 1 | Cleveland American Industrial | |||||||||||||||||
5.04 | Property | 1 | Cleveland American Office | |||||||||||||||||
5.05 | Property | 1 | Miles North Randall | |||||||||||||||||
5.06 | Property | 1 | Invacare | |||||||||||||||||
5.07 | Property | 1 | Stop Eight Vandalia | |||||||||||||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 8.10541% | NAP | 356,841.57 | NAP | 4,282,098.84 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 3/31/2023 | 4 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 7.85341% | NAP | 345,769.91 | NAP | 4,149,238.92 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/14/2023 | 3 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 4.17103462962963% | NAP | 145,064.53 | NAP | 1,740,774.36 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 6/1/2023 | 2 |
8.01 | Property | 1 | 2410-2418 Broadway | |||||||||||||||||
8.02 | Property | 1 | 245 West 51st Street | |||||||||||||||||
8.03 | Property | 1 | 324-326 West 84th Street | |||||||||||||||||
8.04 | Property | 1 | 107 West 68th Street | |||||||||||||||||
8.05 | Property | 1 | 1443-1447 York Avenue | |||||||||||||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 7.65341% | NAP | 259,865.64 | NAP | 3,118,387.68 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/12/2023 | 0 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 6.28141% | NAP | 159,636.81 | NAP | 1,915,641.72 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/7/2023 | 1 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 5.82341% | NAP | 148,027.78 | NAP | 1,776,333.36 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 4/4/2023 | 4 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 7.66841% | NAP | 175,314.06 | NAP | 2,103,768.72 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/9/2023 | 1 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 7.73341% | NAP | 170,248.84 | NAP | 2,042,986.08 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/29/2023 | 1 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 8.10341% | NAP | 154,364.58 | NAP | 1,852,374.96 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/25/2023 | 2 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 7.61341% | NAP | 128,932.87 | NAP | 1,547,194.44 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/13/2023 | 3 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 7.99541% | NAP | 122,864.58 | NAP | 1,474,374.96 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 5/1/2023 | 3 |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | |||||||||||||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | |||||||||||||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 7.98331% | 129,141.34 | NAP | 1,549,696.08 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | 360 | 359 | 6/28/2023 | 1 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 6.52816% | NAP | 94,022.99 | NAP | 1,128,275.83 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 4/17/2023 | 3 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | 7.27466% | NAP | 101,769.10 | NAP | 1,221,229.20 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/10/2023 | 0 |
19.01 | Property | 1 | Sweet Sam's Factory | |||||||||||||||||
19.02 | Property | 1 | 15 East 76th Street | |||||||||||||||||
19.03 | Property | 1 | 523B East 85th Street | |||||||||||||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | 5.36341% | NAP | 63,638.43 | NAP | 763,661.16 | Interest Only | No | Actual/360 | 84 | 70 | 84 | 70 | 0 | 0 | 5/19/2022 | 14 |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 7.89341% | NAP | 66,832.18 | NAP | 801,986.16 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/25/2023 | 2 |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | |||||||||||||||||
21.02 | Property | 1 | 260 West 87th Street | |||||||||||||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 6.35866% | NAP | 53,989.58 | NAP | 647,874.96 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/28/2023 | 1 |
22.01 | Property | 1 | Prime Storage Bridgehampton | |||||||||||||||||
22.02 | Property | 1 | Prime Storage Bohemia | |||||||||||||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | |||||||||||||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | |||||||||||||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | |||||||||||||||||
22.06 | Property | 1 | Prime Storage Snellville | |||||||||||||||||
22.07 | Property | 1 | Prime Storage Shallotte | |||||||||||||||||
22.08 | Property | 1 | Prime Storage Danbury East | |||||||||||||||||
22.09 | Property | 1 | Prime Storage Dallas | |||||||||||||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | |||||||||||||||||
22.11 | Property | 1 | Prime Storage Mesa | |||||||||||||||||
22.12 | Property | 1 | Prime Storage Warren | |||||||||||||||||
22.13 | Property | 1 | Prime Storage Portsmouth | |||||||||||||||||
22.14 | Property | 1 | Prime Storage Bolivia | |||||||||||||||||
22.15 | Property | 1 | Prime Storage Charlottesville | |||||||||||||||||
22.16 | Property | 1 | Prime Storage Clifton | |||||||||||||||||
22.17 | Property | 1 | Prime Storage Centereach | |||||||||||||||||
22.18 | Property | 1 | Prime Storage Marietta North | |||||||||||||||||
22.19 | Property | 1 | Prime Storage Hardeeville | |||||||||||||||||
22.20 | Property | 1 | Prime Storage Summerville | |||||||||||||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | |||||||||||||||||
22.22 | Property | 1 | Prime Storage Marietta South | |||||||||||||||||
22.23 | Property | 1 | Prime Storage Cartersville | |||||||||||||||||
22.24 | Property | 1 | Prime Storage Danbury West | |||||||||||||||||
22.25 | Property | 1 | Prime Storage Scarborough | |||||||||||||||||
22.26 | Property | 1 | Prime Storage Baltimore | |||||||||||||||||
22.27 | Property | 1 | Prime Storage Farmingdale | |||||||||||||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | |||||||||||||||||
22.29 | Property | 1 | Prime Storage Glenville | |||||||||||||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | |||||||||||||||||
22.31 | Property | 1 | Prime Storage Acworth North | |||||||||||||||||
22.32 | Property | 1 | Prime Storage Rock Hill | |||||||||||||||||
22.33 | Property | 1 | Prime Storage Simpsonville | |||||||||||||||||
22.34 | Property | 1 | Prime Storage Acworth East | |||||||||||||||||
22.35 | Property | 1 | Prime Storage Saco | |||||||||||||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | |||||||||||||||||
22.37 | Property | 1 | Prime Storage Green Island | |||||||||||||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | |||||||||||||||||
22.39 | Property | 1 | Prime Storage Marietta | |||||||||||||||||
22.40 | Property | 1 | Prime Storage Midland | |||||||||||||||||
22.41 | Property | 1 | Prime Storage Lansing | |||||||||||||||||
22.42 | Property | 1 | Prime Storage Acworth West | |||||||||||||||||
22.43 | Property | 1 | Prime Storage Boardman | |||||||||||||||||
22.44 | Property | 1 | Prime Storage North Miami | |||||||||||||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | |||||||||||||||||
23 | Loan | 1 | Eden Apartments | 6.60841% | NAP | 42,541.09 | NAP | 510,493.08 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 6/28/2023 | 1 | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 5.88241% | NAP | 27,412.60 | NAP | 328,951.20 | Interest Only | No | Actual/360 | 60 | 53 | 60 | 53 | 0 | 0 | 1/3/2023 | 7 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 6.81341% | NAP | 27,814.86 | NAP | 333,778.32 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 7/13/2023 | 0 |
25.01 | Property | 1 | 8015 Geyer Springs Road | |||||||||||||||||
25.02 | Property | 1 | 6100 Leon Circle | |||||||||||||||||
26 | Loan | 1 | Mini U Storage - Tomball | 7.25466% | NAP | 24,911.25 | NAP | 298,935.00 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 5/26/2023 | 2 | |
27 | Loan | 1 | Marco MHC | 7.89341% | 15,859.51 | NAP | 190,314.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | 360 | 359 | 6/8/2023 | 1 |
A-3 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) |
10 | 12 | 31 | 16 | |||||||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 5 | 7/5/2023 | NAP | 6/5/2028 | 6/5/2028 | 5 | 0 | L(23),YM1(3),DorYM1(27),O(7) | 24,529,721 | 9,334,536 | 15,195,185 | 3/31/2023 | T-12 | 24,342,817 | 9,173,990 | 15,168,827 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 6 | 8/6/2023 | NAP | 7/6/2028 | 7/6/2028 | 0 | 0 | L(23),YM1(2),DorYM1(28),O(7) | 62,683,274 | 35,986,252 | 26,697,022 | 3/31/2023 | T-12 | 61,168,739 | 34,495,528 | 26,673,211 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 1 | 9/1/2023 | NAP | 8/1/2028 | 8/1/2028 | 0 | 0 | L(24),D(29),O(7) | 36,340,397 | 8,399,562 | 27,940,835 | 5/31/2023 | T-12 | 33,508,680 | 7,507,842 | 26,000,838 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | 5 | 7/5/2023 | NAP | 6/5/2028 | 6/5/2028 | 0 | 0 | L(26),D(30),O(4) | 5,307,157 | 1,002,106 | 4,305,051 | 3/31/2023 | T-3 Ann | NAV | NAV | NAV |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 1 | 6/1/2023 | NAP | 5/1/2028 | 5/1/2028 | 0 | 0 | L(24),YM1(3),DorYM1(27),O(6) | 25,667,400 | 9,768,107 | 15,899,293 | 1/31/2023 | T-12 | 25,431,479 | 9,747,541 | 15,683,939 |
5.01 | Property | 1 | Romulus - Huron | 6,044,161 | 1,910,668 | 4,133,493 | 1/31/2023 | T-12 | 5,982,826 | 1,888,220 | 4,094,606 | |||||||||
5.02 | Property | 1 | Warren Perkins Jones | 5,542,599 | 1,663,702 | 3,878,897 | 1/31/2023 | T-12 | 5,423,911 | 1,658,112 | 3,765,799 | |||||||||
5.03 | Property | 1 | Cleveland American Industrial | 6,005,883 | 3,007,758 | 2,998,125 | 1/31/2023 | T-12 | 5,889,950 | 2,982,766 | 2,907,184 | |||||||||
5.04 | Property | 1 | Cleveland American Office | 4,736,522 | 1,681,765 | 3,054,757 | 1/31/2023 | T-12 | 4,731,453 | 1,655,425 | 3,076,028 | |||||||||
5.05 | Property | 1 | Miles North Randall | 1,449,373 | 1,074,383 | 374,990 | 1/31/2023 | T-12 | 1,509,218 | 1,137,995 | 371,224 | |||||||||
5.06 | Property | 1 | Invacare | 1,470,641 | 12,136 | 1,458,505 | 1/31/2023 | T-12 | 1,460,849 | 18,048 | 1,442,801 | |||||||||
5.07 | Property | 1 | Stop Eight Vandalia | 418,221 | 417,695 | 526 | 1/31/2023 | T-12 | 433,272 | 406,975 | 26,297 | |||||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 1 | 5/1/2023 | NAP | 4/1/2028 | 4/1/2028 | 0 | 0 | L(12),YM1(41),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 1 | 6/1/2023 | NAP | 5/1/2028 | 5/1/2028 | 0 | 0 | L(27),D(29),O(4) | 32,341,156 | 8,275,516 | 24,065,640 | 1/31/2023 | T-12 | 32,192,386 | 7,869,157 | 24,323,229 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 6 | 7/6/2023 | NAP | 6/6/2028 | 6/6/2028 | 0 | 0 | L(26),D(28),O(6) | 9,136,948 | 3,632,923 | 5,504,026 | Various | T-12 | 8,765,177 | 3,653,111 | 5,112,066 |
8.01 | Property | 1 | 2410-2418 Broadway | 3,098,256 | 1,033,001 | 2,065,255 | 3/31/2023 | T-12 | 3,065,169 | 1,036,944 | 2,028,224 | |||||||||
8.02 | Property | 1 | 245 West 51st Street | 2,818,647 | 1,277,524 | 1,541,123 | 4/30/2023 | T-12 | 2,657,546 | 1,285,629 | 1,371,917 | |||||||||
8.03 | Property | 1 | 324-326 West 84th Street | 1,585,358 | 590,554 | 994,803 | 4/30/2023 | T-12 | 1,507,631 | 594,408 | 913,223 | |||||||||
8.04 | Property | 1 | 107 West 68th Street | 992,913 | 418,655 | 574,257 | 4/30/2023 | T-12 | 939,950 | 427,240 | 512,709 | |||||||||
8.05 | Property | 1 | 1443-1447 York Avenue | 641,776 | 313,188 | 328,587 | 4/30/2023 | T-12 | 594,882 | 308,890 | 285,992 | |||||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 6 | 9/6/2023 | NAP | 8/6/2028 | 8/6/2028 | 0 | 0 | L(24),YM1(29),O(7) | 14,654,097 | 7,838,225 | 6,815,871 | 6/30/2023 | T-12 | 12,818,111 | 7,955,651 | 4,862,461 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 6 | 8/6/2023 | NAP | 7/6/2028 | 7/6/2028 | 10 | 0 | L(25),DorYM1(28),O(7) | 99,991,917 | 36,977,577 | 63,014,340 | 3/31/2023 | T-12 | 98,973,331 | 36,251,075 | 62,722,256 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 6 | 5/6/2023 | NAP | 4/6/2028 | 4/6/2028 | 0 | 0 | L(28),D(25),O(7) | 49,314,096 | 17,827,217 | 31,486,880 | 12/31/2022 | T-12 | 47,450,874 | 18,047,218 | 29,403,655 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 6 | 8/6/2023 | NAP | 7/6/2028 | 7/6/2028 | 0 | 0 | L(25),D(30),O(5) | 12,113,734 | 4,892,916 | 7,220,818 | 2/28/2023 | T-12 | 11,229,984 | 4,793,343 | 6,436,640 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 6 | 8/6/2023 | NAP | 7/6/2028 | 7/6/2028 | 0 | 0 | L(25),D(28),O(7) | 3,648,943 | 1,023,363 | 2,625,580 | 4/30/2023 | T-12 | 3,583,150 | 954,546 | 2,628,605 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 1 | 7/1/2023 | NAP | 6/1/2028 | 6/1/2028 | 0 | 0 | L(26),D(30),O(4) | 13,764,780 | 5,399,993 | 8,364,787 | 3/31/2023 | T-12 | 13,543,639 | 5,170,292 | 8,373,346 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 6 | 6/6/2023 | NAP | 5/6/2028 | 5/6/2028 | 5 | 0 | YM1(27),DorYM1(26),O(7) | 47,511,670 | 19,723,321 | 27,788,349 | 12/31/2022 | T-12 | 41,405,549 | 22,550,623 | 18,854,926 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 1 | 6/1/2023 | NAP | 5/1/2028 | 5/1/2028 | 0 | 5 | L(27),D(26),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 6 | 8/6/2023 | 8/6/2023 | 7/6/2028 | 7/6/2028 | 0 | 0 | L(25),D(32),O(3) | 5,353,686 | 2,739,939 | 2,613,747 | 4/30/2023 | T-12 | 5,122,981 | 2,689,879 | 2,433,102 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 6 | 6/6/2023 | NAP | 5/6/2028 | 5/6/2028 | 0 | 0 | L(27),D(27),O(6) | 7,418,134 | 3,972,846 | 3,445,288 | 1/31/2023 | T-12 | 7,301,048 | 3,975,548 | 3,325,500 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | 1 | 9/1/2023 | NAP | 8/1/2028 | 8/1/2028 | 0 | 0 | L(24),D(30),O(6) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
19.01 | Property | 1 | Sweet Sam's Factory | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
19.02 | Property | 1 | 15 East 76th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
19.03 | Property | 1 | 523B East 85th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | 5 | 7/5/2022 | NAP | 6/5/2029 | 6/5/2029 | 0 | 0 | L(35),D(44),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 6 | 7/6/2023 | NAP | 6/6/2028 | 6/6/2028 | 0 | 0 | L(26),D(29),O(5) | 5,701,673 | 1,902,645 | 3,799,028 | 5/31/2023 | T-12 | 5,348,794 | 1,880,706 | 3,468,088 |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
21.02 | Property | 1 | 260 West 87th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 6 | 8/6/2023 | NAP | 7/6/2028 | 7/6/2028 | 0 | 0 | L(25),D(28),O(7) | 60,511,925 | 15,915,544 | 44,596,382 | 4/30/2023 | T-12 | 59,091,500 | 15,797,611 | 43,293,889 |
22.01 | Property | 1 | Prime Storage Bridgehampton | 3,293,363 | 389,086 | 2,904,277 | 4/30/2023 | T-12 | 3,230,617 | 374,729 | 2,855,888 | |||||||||
22.02 | Property | 1 | Prime Storage Bohemia | 3,031,453 | 589,835 | 2,441,618 | 4/30/2023 | T-12 | 3,014,782 | 590,955 | 2,423,827 | |||||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | 2,008,231 | 390,979 | 1,617,252 | 4/30/2023 | T-12 | 1,981,832 | 398,680 | 1,583,152 | |||||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | 2,612,099 | 1,632,504 | 979,596 | 4/30/2023 | T-12 | 2,501,877 | 1,639,166 | 862,711 | |||||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | 2,382,849 | 581,836 | 1,801,013 | 4/30/2023 | T-12 | 2,260,368 | 551,246 | 1,709,122 | |||||||||
22.06 | Property | 1 | Prime Storage Snellville | 2,052,414 | 447,989 | 1,604,425 | 4/30/2023 | T-12 | 1,999,895 | 445,816 | 1,554,079 | |||||||||
22.07 | Property | 1 | Prime Storage Shallotte | 1,798,392 | 360,400 | 1,437,992 | 4/30/2023 | T-12 | 1,793,293 | 360,312 | 1,432,981 | |||||||||
22.08 | Property | 1 | Prime Storage Danbury East | 1,775,300 | 409,248 | 1,366,052 | 4/30/2023 | T-12 | 1,718,324 | 412,740 | 1,305,584 | |||||||||
22.09 | Property | 1 | Prime Storage Dallas | 1,623,050 | 293,876 | 1,329,175 | 4/30/2023 | T-12 | 1,588,301 | 291,424 | 1,296,877 | |||||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | 1,729,251 | 483,303 | 1,245,948 | 4/30/2023 | T-12 | 1,669,082 | 469,469 | 1,199,613 | |||||||||
22.11 | Property | 1 | Prime Storage Mesa | 1,508,918 | 341,202 | 1,167,716 | 4/30/2023 | T-12 | 1,456,107 | 343,203 | 1,112,904 | |||||||||
22.12 | Property | 1 | Prime Storage Warren | 1,502,420 | 306,647 | 1,195,773 | 4/30/2023 | T-12 | 1,444,537 | 302,824 | 1,141,713 | |||||||||
22.13 | Property | 1 | Prime Storage Portsmouth | 1,289,666 | 259,656 | 1,030,009 | 4/30/2023 | T-12 | 1,287,358 | 256,630 | 1,030,728 | |||||||||
22.14 | Property | 1 | Prime Storage Bolivia | 1,329,375 | 258,836 | 1,070,540 | 4/30/2023 | T-12 | 1,306,967 | 254,558 | 1,052,409 | |||||||||
22.15 | Property | 1 | Prime Storage Charlottesville | 1,618,359 | 401,638 | 1,216,721 | 4/30/2023 | T-12 | 1,637,350 | 405,712 | 1,231,638 | |||||||||
22.16 | Property | 1 | Prime Storage Clifton | 1,305,675 | 362,872 | 942,803 | 4/30/2023 | T-12 | 1,284,546 | 353,006 | 931,540 | |||||||||
22.17 | Property | 1 | Prime Storage Centereach | 1,467,143 | 507,669 | 959,474 | 4/30/2023 | T-12 | 1,459,663 | 519,086 | 940,577 | |||||||||
22.18 | Property | 1 | Prime Storage Marietta North | 1,286,491 | 257,645 | 1,028,846 | 4/30/2023 | T-12 | 1,253,010 | 256,034 | 996,976 | |||||||||
22.19 | Property | 1 | Prime Storage Hardeeville | 1,506,927 | 337,843 | 1,169,084 | 4/30/2023 | T-12 | 1,457,789 | 331,044 | 1,126,745 | |||||||||
22.20 | Property | 1 | Prime Storage Summerville | 1,309,737 | 412,259 | 897,477 | 4/30/2023 | T-12 | 1,264,309 | 407,586 | 856,723 | |||||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | 1,158,381 | 320,610 | 837,771 | 4/30/2023 | T-12 | 1,100,120 | 312,098 | 788,022 | |||||||||
22.22 | Property | 1 | Prime Storage Marietta South | 1,324,033 | 314,968 | 1,009,065 | 4/30/2023 | T-12 | 1,281,734 | 296,501 | 985,233 | |||||||||
22.23 | Property | 1 | Prime Storage Cartersville | 1,190,687 | 295,210 | 895,477 | 4/30/2023 | T-12 | 1,160,276 | 283,060 | 877,216 | |||||||||
22.24 | Property | 1 | Prime Storage Danbury West | 1,170,248 | 336,607 | 833,641 | 4/30/2023 | T-12 | 1,154,035 | 332,068 | 821,967 | |||||||||
22.25 | Property | 1 | Prime Storage Scarborough | 972,781 | 204,689 | 768,092 | 4/30/2023 | T-12 | 969,943 | 210,404 | 759,539 | |||||||||
22.26 | Property | 1 | Prime Storage Baltimore | 1,209,993 | 353,073 | 856,920 | 4/30/2023 | T-12 | 1,166,890 | 356,584 | 810,306 | |||||||||
22.27 | Property | 1 | Prime Storage Farmingdale | 1,088,536 | 374,814 | 713,721 | 4/30/2023 | T-12 | 1,082,885 | 370,844 | 712,041 | |||||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | 1,009,276 | 296,673 | 712,603 | 4/30/2023 | T-12 | 994,735 | 296,070 | 698,665 | |||||||||
22.29 | Property | 1 | Prime Storage Glenville | 1,167,260 | 334,793 | 832,467 | 4/30/2023 | T-12 | 1,159,981 | 339,985 | 819,996 | |||||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | 878,390 | 243,939 | 634,451 | 4/30/2023 | T-12 | 852,355 | 245,083 | 607,272 | |||||||||
22.31 | Property | 1 | Prime Storage Acworth North | 950,998 | 229,601 | 721,398 | 4/30/2023 | T-12 | 951,579 | 221,529 | 730,050 | |||||||||
22.32 | Property | 1 | Prime Storage Rock Hill | 1,094,422 | 336,974 | 757,449 | 4/30/2023 | T-12 | 1,042,410 | 331,133 | 711,277 | |||||||||
22.33 | Property | 1 | Prime Storage Simpsonville | 1,016,674 | 303,578 | 713,096 | 4/30/2023 | T-12 | 976,412 | 313,652 | 662,760 | |||||||||
22.34 | Property | 1 | Prime Storage Acworth East | 950,386 | 229,153 | 721,233 | 4/30/2023 | T-12 | 939,384 | 231,559 | 707,825 | |||||||||
22.35 | Property | 1 | Prime Storage Saco | 872,980 | 207,692 | 665,287 | 4/30/2023 | T-12 | 820,491 | 210,900 | 609,591 | |||||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | 927,863 | 246,844 | 681,019 | 4/30/2023 | T-12 | 897,103 | 244,621 | 652,482 | |||||||||
22.37 | Property | 1 | Prime Storage Green Island | 851,550 | 244,154 | 607,396 | 4/30/2023 | T-12 | 833,745 | 243,134 | 590,611 | |||||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | 863,768 | 253,314 | 610,454 | 4/30/2023 | T-12 | 796,885 | 253,755 | 543,130 | |||||||||
22.39 | Property | 1 | Prime Storage Marietta | 838,352 | 235,037 | 603,315 | 4/30/2023 | T-12 | 815,959 | 227,879 | 588,080 | |||||||||
22.40 | Property | 1 | Prime Storage Midland | 894,127 | 261,396 | 632,731 | 4/30/2023 | T-12 | 886,736 | 261,019 | 625,717 | |||||||||
22.41 | Property | 1 | Prime Storage Lansing | 779,440 | 258,337 | 521,103 | 4/30/2023 | T-12 | 773,954 | 267,346 | 506,608 | |||||||||
22.42 | Property | 1 | Prime Storage Acworth West | 839,327 | 212,494 | 626,833 | 4/30/2023 | T-12 | 816,871 | 206,224 | 610,647 | |||||||||
22.43 | Property | 1 | Prime Storage Boardman | 909,331 | 341,240 | 568,091 | 4/30/2023 | T-12 | 940,214 | 337,075 | 603,139 | |||||||||
22.44 | Property | 1 | Prime Storage North Miami | 695,751 | 286,366 | 409,385 | 4/30/2023 | T-12 | 659,411 | 267,221 | 392,190 | |||||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | 426,260 | 168,666 | 257,594 | 4/30/2023 | T-12 | 407,385 | 173,643 | 233,742 | |||||||||
23 | Loan | 1 | Eden Apartments | 1 | 8/1/2023 | NAP | 7/1/2028 | 7/1/2028 | 0 | 0 | L(25),D(28),O(7) | 1,013,754 | 335,698 | 678,056 | 5/31/2023 | T-12 | 768,811 | 326,620 | 442,191 | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 6 | 2/6/2023 | NAP | 1/6/2028 | 1/6/2028 | 5 | 0 | L(31),YM1(24),O(5) | 76,986,549 | 31,812,161 | 45,174,388 | 9/30/2022 | T-12 | 76,903,875 | 30,285,085 | 46,618,790 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 6 | 9/6/2023 | NAP | 8/6/2028 | 8/6/2028 | 0 | 0 | L(24),D(31),O(5) | 1,058,355 | 461,809 | 596,547 | 5/31/2023 | T-12 | 974,125 | 450,360 | 523,765 |
25.01 | Property | 1 | 8015 Geyer Springs Road | 582,718 | 253,363 | 329,355 | 5/31/2023 | T-12 | 544,898 | 248,375 | 296,523 | |||||||||
25.02 | Property | 1 | 6100 Leon Circle | 475,637 | 208,446 | 267,192 | 5/31/2023 | T-12 | 429,227 | 201,985 | 227,242 | |||||||||
26 | Loan | 1 | Mini U Storage - Tomball | 1 | 7/1/2023 | NAP | 6/1/2028 | 6/1/2028 | 0 | 0 | L(25),YM1(32),O(3) | 1,120,600 | 585,866 | 534,734 | 3/31/2023 | T-12 | 1,113,410 | 588,938 | 524,472 | |
27 | Loan | 1 | Marco MHC | 6 | 8/6/2023 | 8/6/2023 | 7/6/2028 | 7/6/2028 | 0 | 0 | L(25),YM1(31),O(4) | 344,473 | 137,983 | 206,490 | 4/30/2023 | T-12 | 340,910 | 125,836 | 215,074 |
A-4 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) |
16 | 16 | 31 | 15 | 7, 14 | |||||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 12/31/2022 | T-12 | 24,019,377 | 8,748,681 | 15,270,696 | 12/31/2021 | T-12 | 93.5% | 24,271,069 | 10,532,015 | 13,739,054 | 35,503 | 0 | 13,703,551 | 1.21 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 12/31/2022 | T-12 | 60,959,925 | 34,523,645 | 26,436,280 | 12/31/2021 | T-12 | 95.0% | 70,904,067 | 39,203,449 | 31,700,618 | 192,114 | 2,881,704 | 28,626,800 | 1.53 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 12/31/2022 | T-12 | 29,668,166 | 7,798,544 | 21,869,622 | 12/31/2021 | T-12 | 94.2% | 34,231,796 | 8,446,932 | 25,784,865 | 127,099 | 1,270,988 | 24,386,778 | 1.70 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,995,537 | 1,535,869 | 4,459,668 | 39,600 | 0 | 4,420,068 | 1.47 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 92.9% | 28,073,041 | 8,814,659 | 19,258,383 | 509,872 | 107,889 | 18,640,621 | 1.44 |
5.01 | Property | 1 | Romulus - Huron | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 5,669,097 | 1,288,804 | 4,380,293 | 111,200 | 7,542 | 4,261,550 | ||
5.02 | Property | 1 | Warren Perkins Jones | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 99.2% | 5,932,793 | 1,612,491 | 4,320,302 | 136,554 | -26,713 | 4,210,462 | ||
5.03 | Property | 1 | Cleveland American Industrial | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 85.3% | 6,633,718 | 2,048,816 | 4,584,903 | 123,365 | 30,380 | 4,431,158 | ||
5.04 | Property | 1 | Cleveland American Office | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 5,124,002 | 2,042,870 | 3,081,132 | 68,871 | 56,484 | 2,955,777 | ||
5.05 | Property | 1 | Miles North Randall | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 68.3% | 2,056,816 | 1,067,776 | 989,040 | 30,240 | 21,783 | 937,017 | ||
5.06 | Property | 1 | Invacare | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 2,043,114 | 474,043 | 1,569,071 | 30,100 | 4,605 | 1,534,365 | ||
5.07 | Property | 1 | Stop Eight Vandalia | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 100.0% | 613,502 | 279,859 | 333,643 | 9,542 | 13,808 | 310,292 | ||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 9,291,231 | 1,434,983 | 7,856,248 | 59,609 | 119,218 | 7,677,421 | 1.36 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 12/31/2022 | T-12 | 30,319,446 | 7,094,622 | 23,224,824 | 12/31/2021 | T-12 | 96.5% | 32,871,677 | 8,090,891 | 24,780,787 | 177,330 | 739,588 | 23,863,869 | 1.73 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 12/31/2022 | T-12 | 7,026,801 | 3,434,840 | 3,591,961 | 12/31/2021 | T-12 | 97.0% | 10,258,769 | 3,597,703 | 6,661,066 | 42,061 | 12,405 | 6,606,600 | 2.91 |
8.01 | Property | 1 | 2410-2418 Broadway | 12/31/2022 | T-12 | 2,607,604 | 956,923 | 1,650,681 | 12/31/2021 | T-12 | 96.3% | 3,318,231 | 992,932 | 2,325,298 | 9,981 | 5,205 | 2,310,113 | ||
8.02 | Property | 1 | 245 West 51st Street | 12/31/2022 | T-12 | 1,852,380 | 1,203,100 | 649,280 | 12/31/2021 | T-12 | 97.0% | 3,262,292 | 1,279,770 | 1,982,521 | 13,000 | 5,750 | 1,963,771 | ||
8.03 | Property | 1 | 324-326 West 84th Street | 12/31/2022 | T-12 | 1,249,562 | 560,294 | 689,268 | 12/31/2021 | T-12 | 97.0% | 1,744,803 | 589,291 | 1,155,512 | 9,600 | 0 | 1,145,912 | ||
8.04 | Property | 1 | 107 West 68th Street | 12/31/2022 | T-12 | 815,479 | 401,133 | 414,345 | 12/31/2021 | T-12 | 100.0% | 1,137,476 | 426,486 | 710,989 | 6,000 | 0 | 704,989 | ||
8.05 | Property | 1 | 1443-1447 York Avenue | 12/31/2022 | T-12 | 501,777 | 313,389 | 188,387 | 12/31/2021 | T-12 | 96.0% | 795,968 | 309,224 | 486,745 | 2,730 | 2,200 | 481,815 | ||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 80.5% | 14,283,269 | 7,613,714 | 6,669,555 | 492,150 | 71,561 | 6,105,844 | 2.14 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 12/31/2022 | T-12 | 94,773,768 | 33,234,468 | 61,539,300 | 12/31/2021 | T-12 | 93.6% | 115,015,445 | 37,554,805 | 77,460,640 | 256,734 | 0 | 77,203,906 | 2.55 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 12/31/2021 | T-12 | 44,617,062 | 18,489,525 | 26,127,537 | 12/31/2020 | T-12 | 74.5% | 51,753,039 | 18,582,167 | 33,170,872 | 319,806 | 1,387,420 | 31,463,647 | 2.49 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 12/31/2022 | T-12 | 11,160,618 | 4,901,040 | 6,259,578 | 12/31/2021 | T-12 | 90.0% | 11,709,220 | 4,962,168 | 6,747,051 | 88,339 | 220,848 | 6,437,864 | 1.73 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 12/31/2022 | T-12 | 3,508,598 | 801,658 | 2,706,939 | 12/31/2021 | T-12 | 95.0% | 3,574,515 | 942,195 | 2,632,321 | 101,060 | 100,008 | 2,431,253 | 1.29 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 12/31/2022 | T-12 | 12,335,513 | 5,120,779 | 7,214,734 | 12/31/2021 | T-12 | 91.5% | 17,679,768 | 5,692,700 | 11,987,068 | 99,696 | 747,722 | 11,139,650 | 1.62 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 12/31/2021 | T-12 | 46,993,596 | 19,123,848 | 27,869,748 | 12/31/2020 | T-12 | 69.1% | 43,938,879 | 22,147,467 | 21,791,413 | 364,421 | 871,468 | 20,555,523 | 1.64 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,059,143 | 41,183 | 2,017,960 | 23,670 | 0 | 1,994,290 | 1.37 |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,186,034 | 23,721 | 1,162,313 | 3,062 | 0 | 1,159,251 | ||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 873,109 | 17,462 | 855,647 | 20,608 | 0 | 835,039 | ||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 12/31/2022 | T-12 | 4,742,263 | 2,474,785 | 2,267,479 | 12/31/2021 | T-12 | 94.0% | 6,292,560 | 2,825,578 | 3,466,981 | 56,814 | 0 | 3,410,168 | 1.43 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 12/31/2022 | T-12 | 6,863,161 | 3,647,228 | 3,215,933 | 12/31/2021 | T-12 | 92.1% | 10,154,929 | 4,566,846 | 5,588,082 | 36,723 | 243,825 | 5,307,534 | 1.79 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 91.1% | 3,374,228 | 966,083 | 2,408,145 | 23,689 | 82,254 | 2,302,202 | 1.97 |
19.01 | Property | 1 | Sweet Sam's Factory | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 92.5% | 2,125,046 | 548,450 | 1,576,596 | 18,221 | 82,254 | 1,476,121 | ||
19.02 | Property | 1 | 15 East 76th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 827,355 | 265,557 | 561,798 | 2,388 | 0 | 559,410 | ||
19.03 | Property | 1 | 523B East 85th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 85.8% | 421,827 | 152,076 | 269,751 | 3,080 | 0 | 266,671 | ||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,996,278 | 2,655,703 | 3,340,574 | 19,590 | 87,341 | 3,233,643 | 2.11 |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 12/31/2022 | T-12 | 4,608,662 | 1,816,111 | 2,792,551 | 12/31/2021 | T-12 | 95.0% | 5,877,780 | 1,075,886 | 4,801,893 | 27,500 | 0 | 4,774,393 | 1.36 |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
21.02 | Property | 1 | 260 West 87th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 12/31/2022 | T-12 | 51,068,424 | 15,714,888 | 35,353,536 | 12/31/2021 | T-12 | 84.6% | 60,943,890 | 16,459,571 | 44,484,319 | 583,006 | 0 | 43,901,313 | 1.69 |
22.01 | Property | 1 | Prime Storage Bridgehampton | 12/31/2022 | T-12 | 2,863,849 | 372,920 | 2,490,929 | 12/31/2021 | T-12 | 85.3% | 3,353,231 | 400,335 | 2,952,896 | 14,269 | 0 | 2,938,627 | ||
22.02 | Property | 1 | Prime Storage Bohemia | 12/31/2022 | T-12 | 2,779,357 | 593,715 | 2,185,642 | 12/31/2021 | T-12 | 82.0% | 3,044,429 | 598,123 | 2,446,306 | 14,111 | 0 | 2,432,195 | ||
22.03 | Property | 1 | Prime Storage Westhampton Beach | 12/31/2022 | T-12 | 1,769,447 | 407,493 | 1,361,954 | 12/31/2021 | T-12 | 86.5% | 2,012,766 | 403,479 | 1,609,287 | 29,183 | 0 | 1,580,104 | ||
22.04 | Property | 1 | Prime Storage Queens Jamaica | 12/31/2022 | T-12 | 2,273,396 | 1,250,983 | 1,022,413 | 12/31/2021 | T-12 | 86.4% | 2,720,484 | 1,653,998 | 1,066,485 | 30,617 | 0 | 1,035,868 | ||
22.05 | Property | 1 | Prime Storage West Palm Beach | 12/31/2022 | T-12 | 1,927,691 | 565,232 | 1,362,459 | 12/31/2021 | T-12 | 95.7% | 2,526,988 | 638,249 | 1,888,740 | 38,851 | 0 | 1,849,888 | ||
22.06 | Property | 1 | Prime Storage Snellville | 12/31/2022 | T-12 | 1,761,451 | 459,504 | 1,301,947 | 12/31/2021 | T-12 | 89.7% | 2,085,064 | 457,327 | 1,627,737 | 11,994 | 0 | 1,615,742 | ||
22.07 | Property | 1 | Prime Storage Shallotte | 12/31/2022 | T-12 | 1,574,826 | 328,055 | 1,246,771 | 12/31/2021 | T-12 | 82.8% | 1,760,390 | 374,594 | 1,385,796 | 18,433 | 0 | 1,367,363 | ||
22.08 | Property | 1 | Prime Storage Danbury East | 12/31/2022 | T-12 | 1,467,883 | 400,599 | 1,067,284 | 12/31/2021 | T-12 | 87.3% | 1,761,327 | 483,263 | 1,278,064 | 14,969 | 0 | 1,263,096 | ||
22.09 | Property | 1 | Prime Storage Dallas | 12/31/2022 | T-12 | 1,394,540 | 289,036 | 1,105,504 | 12/31/2021 | T-12 | 87.2% | 1,668,284 | 302,780 | 1,365,505 | 9,430 | 0 | 1,356,075 | ||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | 12/31/2022 | T-12 | 1,542,257 | 480,638 | 1,061,619 | 12/31/2021 | T-12 | 88.9% | 1,818,099 | 479,055 | 1,339,044 | 10,069 | 0 | 1,328,976 | ||
22.11 | Property | 1 | Prime Storage Mesa | 12/31/2022 | T-12 | 1,176,783 | 353,973 | 822,810 | 12/31/2021 | T-12 | 89.1% | 1,520,869 | 349,774 | 1,171,095 | 15,141 | 0 | 1,155,954 | ||
22.12 | Property | 1 | Prime Storage Warren | 12/31/2022 | T-12 | 1,306,104 | 319,339 | 986,765 | 12/31/2021 | T-12 | 93.5% | 1,560,227 | 313,895 | 1,246,332 | 15,943 | 0 | 1,230,390 | ||
22.13 | Property | 1 | Prime Storage Portsmouth | 12/31/2022 | T-12 | 1,078,274 | 233,902 | 844,372 | 12/31/2021 | T-12 | 81.0% | 1,273,941 | 291,345 | 982,596 | 9,600 | 0 | 972,996 | ||
22.14 | Property | 1 | Prime Storage Bolivia | 12/31/2022 | T-12 | 1,082,216 | 245,005 | 837,211 | 12/31/2021 | T-12 | 77.0% | 1,259,320 | 270,160 | 989,161 | 8,349 | 0 | 980,812 | ||
22.15 | Property | 1 | Prime Storage Charlottesville | 12/31/2022 | T-12 | 1,462,843 | 395,954 | 1,066,889 | 12/31/2021 | T-12 | 71.5% | 1,457,962 | 434,945 | 1,023,017 | 22,894 | 0 | 1,000,123 | ||
22.16 | Property | 1 | Prime Storage Clifton | 12/31/2022 | T-12 | 1,158,165 | 425,205 | 732,960 | 12/31/2021 | T-12 | 84.8% | 1,294,899 | 368,054 | 926,845 | 13,483 | 0 | 913,362 | ||
22.17 | Property | 1 | Prime Storage Centereach | 12/31/2022 | T-12 | 1,245,039 | 579,756 | 665,283 | 12/31/2021 | T-12 | 83.5% | 1,517,715 | 520,866 | 996,849 | 10,257 | 0 | 986,592 | ||
22.18 | Property | 1 | Prime Storage Marietta North | 12/31/2022 | T-12 | 1,078,419 | 287,615 | 790,804 | 12/31/2021 | T-12 | 85.0% | 1,247,694 | 261,747 | 985,947 | 9,035 | 0 | 976,912 | ||
22.19 | Property | 1 | Prime Storage Hardeeville | 12/31/2022 | T-12 | 1,082,350 | 330,959 | 751,391 | 12/31/2021 | T-12 | 86.8% | 1,489,541 | 347,534 | 1,142,007 | 4,386 | 0 | 1,137,622 | ||
22.20 | Property | 1 | Prime Storage Summerville | 12/31/2022 | T-12 | 965,576 | 419,258 | 546,318 | 12/31/2021 | T-12 | 89.1% | 1,376,991 | 426,433 | 950,558 | 10,000 | 0 | 940,558 | ||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | 12/31/2022 | T-12 | 933,917 | 295,332 | 638,585 | 12/31/2021 | T-12 | 91.5% | 1,194,725 | 343,240 | 851,485 | 6,617 | 0 | 844,868 | ||
22.22 | Property | 1 | Prime Storage Marietta South | 12/31/2022 | T-12 | 1,074,104 | 305,206 | 768,898 | 12/31/2021 | T-12 | 88.8% | 1,319,193 | 315,567 | 1,003,626 | 17,058 | 0 | 986,568 | ||
22.23 | Property | 1 | Prime Storage Cartersville | 12/31/2022 | T-12 | 900,371 | 301,088 | 599,283 | 12/31/2021 | T-12 | 85.3% | 1,186,529 | 298,068 | 888,461 | 15,229 | 0 | 873,232 | ||
22.24 | Property | 1 | Prime Storage Danbury West | 12/31/2022 | T-12 | 1,005,918 | 301,837 | 704,081 | 12/31/2021 | T-12 | 81.8% | 1,141,311 | 424,003 | 717,309 | 6,660 | 0 | 710,649 | ||
22.25 | Property | 1 | Prime Storage Scarborough | 12/31/2022 | T-12 | 851,254 | 215,197 | 636,057 | 12/31/2021 | T-12 | 82.6% | 949,712 | 206,285 | 743,427 | 15,057 | 0 | 728,370 | ||
22.26 | Property | 1 | Prime Storage Baltimore | 12/31/2022 | T-12 | 988,629 | 406,621 | 582,008 | 12/31/2021 | T-12 | 83.9% | 1,214,835 | 356,696 | 858,140 | 25,278 | 0 | 832,861 | ||
22.27 | Property | 1 | Prime Storage Farmingdale | 12/31/2022 | T-12 | 1,004,505 | 398,426 | 606,079 | 12/31/2021 | T-12 | 82.5% | 1,102,566 | 381,238 | 721,329 | 11,771 | 0 | 709,557 | ||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | 12/31/2022 | T-12 | 844,603 | 307,442 | 537,161 | 12/31/2021 | T-12 | 79.0% | 1,054,046 | 298,291 | 755,754 | 11,793 | 0 | 743,961 | ||
22.29 | Property | 1 | Prime Storage Glenville | 12/31/2022 | T-12 | 1,053,018 | 339,049 | 713,969 | 12/31/2021 | T-12 | 82.9% | 1,154,471 | 358,477 | 795,995 | 8,343 | 0 | 787,652 | ||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | 12/31/2022 | T-12 | 728,674 | 261,020 | 467,654 | 12/31/2021 | T-12 | 89.9% | 910,293 | 244,172 | 666,121 | 16,803 | 0 | 649,318 | ||
22.31 | Property | 1 | Prime Storage Acworth North | 12/31/2022 | T-12 | 790,946 | 216,857 | 574,089 | 12/31/2021 | T-12 | 82.6% | 916,278 | 247,633 | 668,645 | 7,744 | 0 | 660,902 | ||
22.32 | Property | 1 | Prime Storage Rock Hill | 12/31/2022 | T-12 | 836,476 | 347,820 | 488,656 | 12/31/2021 | T-12 | 81.7% | 1,057,337 | 339,535 | 717,802 | 6,267 | 0 | 711,535 | ||
22.33 | Property | 1 | Prime Storage Simpsonville | 12/31/2022 | T-12 | 774,765 | 338,572 | 436,193 | 12/31/2021 | T-12 | 80.5% | 993,547 | 306,494 | 687,053 | 9,024 | 0 | 678,029 | ||
22.34 | Property | 1 | Prime Storage Acworth East | 12/31/2022 | T-12 | 789,749 | 245,064 | 544,685 | 12/31/2021 | T-12 | 86.1% | 956,535 | 233,534 | 723,001 | 9,421 | 0 | 713,580 | ||
22.35 | Property | 1 | Prime Storage Saco | 12/31/2022 | T-12 | 724,331 | 213,229 | 511,102 | 12/31/2021 | T-12 | 87.6% | 894,789 | 210,500 | 684,288 | 4,429 | 0 | 679,860 | ||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | 12/31/2022 | T-12 | 792,388 | 284,819 | 507,569 | 12/31/2021 | T-12 | 88.1% | 929,401 | 246,485 | 682,916 | 7,171 | 0 | 675,744 | ||
22.37 | Property | 1 | Prime Storage Green Island | 12/31/2022 | T-12 | 767,195 | 238,813 | 528,382 | 12/31/2021 | T-12 | 81.3% | 836,734 | 244,491 | 592,244 | 4,779 | 0 | 587,465 | ||
22.38 | Property | 1 | Prime Storage North Fort Myers | 12/31/2022 | T-12 | 621,831 | 230,932 | 390,899 | 12/31/2021 | T-12 | 91.2% | 932,437 | 260,511 | 671,927 | 9,429 | 0 | 662,498 | ||
22.39 | Property | 1 | Prime Storage Marietta | 12/31/2022 | T-12 | 652,126 | 239,645 | 412,481 | 12/31/2021 | T-12 | 87.3% | 834,313 | 237,946 | 596,367 | 8,047 | 0 | 588,320 | ||
22.40 | Property | 1 | Prime Storage Midland | 12/31/2022 | T-12 | 838,768 | 250,414 | 588,354 | 12/31/2021 | T-12 | 84.1% | 895,515 | 252,760 | 642,755 | 9,396 | 0 | 633,359 | ||
22.41 | Property | 1 | Prime Storage Lansing | 12/31/2022 | T-12 | 714,596 | 242,354 | 472,242 | 12/31/2021 | T-12 | 81.6% | 771,169 | 245,593 | 525,576 | 8,043 | 0 | 517,533 | ||
22.42 | Property | 1 | Prime Storage Acworth West | 12/31/2022 | T-12 | 685,745 | 188,395 | 497,350 | 12/31/2021 | T-12 | 81.5% | 836,288 | 212,955 | 623,333 | 5,243 | 0 | 618,091 | ||
22.43 | Property | 1 | Prime Storage Boardman | 12/31/2022 | T-12 | 860,282 | 376,890 | 483,392 | 12/31/2021 | T-12 | 67.0% | 974,571 | 350,072 | 624,499 | 31,009 | 0 | 593,490 | ||
22.44 | Property | 1 | Prime Storage North Miami | 12/31/2022 | T-12 | 516,858 | 248,158 | 268,700 | 12/31/2021 | T-12 | 85.4% | 698,614 | 298,236 | 400,377 | 10,150 | 0 | 390,227 | ||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | 12/31/2022 | T-12 | 326,909 | 182,569 | 144,340 | 12/31/2021 | T-12 | 80.1% | 438,458 | 170,834 | 267,624 | 7,234 | 0 | 260,390 | ||
23 | Loan | 1 | Eden Apartments | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,162,987 | 415,783 | 747,204 | 37,961 | 0 | 709,243 | 1.46 | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 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 | 46,364,767 | 2.17 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 12/31/2022 | T-12 | 829,493 | 399,144 | 430,349 | 12/31/2021 | T-12 | 77.2% | 1,058,355 | 459,703 | 598,652 | 28,716 | 0 | 569,937 | 1.79 |
25.01 | Property | 1 | 8015 Geyer Springs Road | 12/31/2022 | T-12 | 500,165 | 231,004 | 269,161 | 12/31/2021 | T-12 | 87.8% | 582,718 | 252,488 | 330,230 | 8,936 | 0 | 321,294 | ||
25.02 | Property | 1 | 6100 Leon Circle | 12/31/2022 | T-12 | 329,327 | 168,140 | 161,188 | 12/31/2021 | T-12 | 65.7% | 475,637 | 207,215 | 268,423 | 19,780 | 0 | 248,642 | ||
26 | Loan | 1 | Mini U Storage - Tomball | 12/31/2022 | T-12 | 975,878 | 525,523 | 450,355 | 12/31/2021 | T-12 | 86.1% | 1,120,600 | 642,559 | 478,041 | 8,181 | 0 | 469,860 | 1.60 | |
27 | Loan | 1 | Marco MHC | 12/31/2022 | T-12 | 310,703 | 135,435 | 175,268 | 12/31/2021 | T-12 | 84.6% | 382,528 | 151,117 | 231,411 | 3,116 | 0 | 228,295 | 1.22 |
A-5 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
7, 14 | 7 | 7 | 5 | 5,7 | 5,7 | 3,4 | |||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 1.21 | 8.5% | 8.4% | 271,100,000 | As Is | 3/11/2023 | 59.9% | 59.9% | 89.4% | 5/5/2023 | No |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 1.39 | 11.6% | 10.4% | 555,000,000 | As Is | 4/19/2023 | 49.4% | 49.4% | 98.6% | 5/1/2023 | No |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 1.61 | 14.3% | 13.5% | 378,000,000 | As Is (Extraordinary Assumptions) | 6/7/2023 | 47.6% | 47.6% | 94.4% | 6/20/2023 | No |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | 1.45 | 8.9% | 8.8% | 87,700,000 | As Is | 3/27/2023 | 57.0% | 57.0% | 96.2% | 4/17/2023 | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 1.39 | 10.7% | 10.4% | 307,750,000 | As Is | Various | 58.5% | 58.5% | 94.2% | 3/31/2023 | |
5.01 | Property | 1 | Romulus - Huron | 70,700,000 | As Is | 9/6/2022 | 100.0% | 3/31/2023 | No | ||||||
5.02 | Property | 1 | Warren Perkins Jones | 60,900,000 | As Is | 9/6/2022 | 99.3% | 3/31/2023 | No | ||||||
5.03 | Property | 1 | Cleveland American Industrial | 65,800,000 | As Is | 9/23/2022 | 85.6% | 3/31/2023 | No | ||||||
5.04 | Property | 1 | Cleveland American Office | 46,600,000 | As Is | 9/23/2022 | 100.0% | 3/31/2023 | Yes | ||||||
5.05 | Property | 1 | Miles North Randall | 39,000,000 | As Is | 9/2/2022 | 68.5% | 3/31/2023 | Yes | ||||||
5.06 | Property | 1 | Invacare | 20,600,000 | As Is | 9/2/2022 | 100.0% | 3/31/2023 | Yes | ||||||
5.07 | Property | 1 | Stop Eight Vandalia | 4,150,000 | As Is | 9/1/2022 | 100.0% | 3/31/2023 | No | ||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 1.33 | 11.2% | 11.0% | 161,200,000 | As Is | 1/4/2023 | 43.4% | 43.4% | 100.0% | 8/1/2023 | Yes |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 1.66 | 13.8% | 13.3% | 368,000,000 | As Is | 2/28/2023 | 48.9% | 48.9% | 98.7% | 3/31/2023 | No |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 2.88 | 12.3% | 12.2% | 137,700,000 | As Is | Various | 39.2% | 39.2% | 96.5% | 3/31/2023 | |
8.01 | Property | 1 | 2410-2418 Broadway | 42,600,000 | As Is | 3/23/2023 | 93.5% | 3/31/2023 | NAP | ||||||
8.02 | Property | 1 | 245 West 51st Street | 41,600,000 | As Is | 3/22/2023 | 96.9% | 3/31/2023 | NAP | ||||||
8.03 | Property | 1 | 324-326 West 84th Street | 28,400,000 | As Is | 3/23/2023 | 97.9% | 3/31/2023 | NAP | ||||||
8.04 | Property | 1 | 107 West 68th Street | 14,300,000 | As Is | 3/23/2023 | 100.0% | 3/31/2023 | NAP | ||||||
8.05 | Property | 1 | 1443-1447 York Avenue | 10,800,000 | As Is | 3/22/2023 | 91.7% | 3/31/2023 | NAP | ||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 1.96 | 16.6% | 15.2% | 80,000,000 | As Is | 5/17/2023 | 50.1% | 50.1% | 80.5% | 6/30/2023 | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 2.55 | 16.3% | 16.3% | 1,410,000,000 | As Is (Extraordinary Assumption) | 10/19/2022 | 33.7% | 33.7% | 95.8% | 4/30/2023 | No |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 2.36 | 14.7% | 14.0% | 396,000,000 | As Is | 2/7/2023 | 56.8% | 56.8% | 75.1% | 3/22/2023 | No |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 1.65 | 13.5% | 12.9% | 92,700,000 | As Is | 3/30/2023 | 53.9% | 53.9% | 93.2% | 6/7/2023 | No |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 1.19 | 10.1% | 9.4% | 49,250,000 | As Is | 5/30/2023 | 52.8% | 52.8% | 100.0% | 12/31/2022 | No |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 1.50 | 13.3% | 12.4% | 153,000,000 | As Is | 4/4/2023 | 58.8% | 58.8% | 94.1% | 3/31/2023 | No |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 1.54 | 12.7% | 12.0% | 521,800,000 | As Is | 2/1/2023 | 33.0% | 33.0% | 70.1% | 2/23/2023 | No |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 1.35 | 11.1% | 11.0% | 34,500,000 | As Is | Various | 52.6% | 52.6% | 100.0% | 8/1/2023 | |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | 21,000,000 | As Is | 3/21/2023 | 100.0% | 8/1/2023 | Yes | ||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | 13,500,000 | As Is | 3/20/2023 | 100.0% | 8/1/2023 | Yes | ||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 1.40 | 12.6% | 12.4% | 40,200,000 | As Complete | 8/1/2023 | 68.6% | 65.8% | 94.3% | 4/30/2023 | No |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 1.70 | 11.9% | 11.3% | 76,000,000 | As Is | 2/3/2023 | 61.8% | 61.8% | 92.1% | 3/30/2023 | No |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | 1.89 | 14.6% | 14.0% | 51,600,000 | As Is | Various | 32.0% | 32.0% | Various | Various | |
19.01 | Property | 1 | Sweet Sam's Factory | 35,500,000 | As Is | 5/17/2023 | 100.0% | 8/1/2023 | Yes | ||||||
19.02 | Property | 1 | 15 East 76th Street | 10,100,000 | As Is | 5/18/2023 | 100.0% | 5/31/2023 | NAP | ||||||
19.03 | Property | 1 | 523B East 85th Street | 6,000,000 | As Is | 5/18/2023 | 85.7% | 5/31/2023 | NAP | ||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | 2.04 | 11.5% | 11.2% | 42,500,000 | Market Value of the Sandwich Leasehold Interest | 1/25/2022 | 68.2% | 68.2% | 100.0% | 8/5/2023 | Yes |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 1.35 | 10.9% | 10.9% | 72,100,000 | As Is | 4/25/2023 | 61.0% | 61.0% | 100.0% | 8/6/2023 | |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | 46,500,000 | As Is | 4/25/2023 | 100.0% | 8/6/2023 | Yes | ||||||
21.02 | Property | 1 | 260 West 87th Street | 25,600,000 | As Is | 4/25/2023 | 100.0% | 8/6/2023 | Yes | ||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 1.67 | 11.0% | 10.8% | 790,800,000 | As Portfolio | 4/21/2023 | 51.3% | 51.3% | 84.6% | 4/30/2023 | |
22.01 | Property | 1 | Prime Storage Bridgehampton | 56,000,000 | As Is | 3/3/2023 | 85.3% | 4/30/2023 | NAP | ||||||
22.02 | Property | 1 | Prime Storage Bohemia | 47,200,000 | As Is | 3/2/2023 | 82.0% | 4/30/2023 | NAP | ||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | 30,200,000 | As Is | 3/3/2023 | 86.5% | 4/30/2023 | NAP | ||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | 27,500,000 | As Is | 3/2/2023 | 86.4% | 4/30/2023 | NAP | ||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | 26,500,000 | As Is | 3/1/2023 | 95.7% | 4/30/2023 | NAP | ||||||
22.06 | Property | 1 | Prime Storage Snellville | 25,000,000 | As Is | 3/2/2023 | 89.7% | 4/30/2023 | NAP | ||||||
22.07 | Property | 1 | Prime Storage Shallotte | 23,100,000 | As Is | 2/28/2023 | 82.8% | 4/30/2023 | NAP | ||||||
22.08 | Property | 1 | Prime Storage Danbury East | 22,500,000 | As Is | 2/27/2023 | 87.3% | 4/30/2023 | NAP | ||||||
22.09 | Property | 1 | Prime Storage Dallas | 21,400,000 | As Is | 3/1/2023 | 87.2% | 4/30/2023 | NAP | ||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | 21,100,000 | As Is | 3/2/2023 | 88.9% | 4/30/2023 | NAP | ||||||
22.11 | Property | 1 | Prime Storage Mesa | 21,000,000 | As Is | 3/3/2023 | 89.1% | 4/30/2023 | NAP | ||||||
22.12 | Property | 1 | Prime Storage Warren | 19,900,000 | As Is | 3/2/2023 | 93.5% | 4/30/2023 | NAP | ||||||
22.13 | Property | 1 | Prime Storage Portsmouth | 18,000,000 | As Is | 3/2/2023 | 81.0% | 4/30/2023 | NAP | ||||||
22.14 | Property | 1 | Prime Storage Bolivia | 17,900,000 | As Is | 2/28/2023 | 77.0% | 4/30/2023 | NAP | ||||||
22.15 | Property | 1 | Prime Storage Charlottesville | 17,400,000 | As Is | 3/2/2023 | 71.5% | 4/30/2023 | NAP | ||||||
22.16 | Property | 1 | Prime Storage Clifton | 17,100,000 | As Is | 2/27/2023 | 84.8% | 4/30/2023 | NAP | ||||||
22.17 | Property | 1 | Prime Storage Centereach | 16,800,000 | As Is | 3/3/2023 | 83.5% | 4/30/2023 | NAP | ||||||
22.18 | Property | 1 | Prime Storage Marietta North | 16,200,000 | As Is | 3/1/2023 | 85.0% | 4/30/2023 | NAP | ||||||
22.19 | Property | 1 | Prime Storage Hardeeville | 15,800,000 | As Is | 3/6/2023 | 86.8% | 4/30/2023 | NAP | ||||||
22.20 | Property | 1 | Prime Storage Summerville | 15,750,000 | As Is | 3/6/2023 | 89.1% | 4/30/2023 | NAP | ||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | 15,100,000 | As Is | 3/7/2023 | 91.5% | 4/30/2023 | NAP | ||||||
22.22 | Property | 1 | Prime Storage Marietta South | 15,000,000 | As Is | 3/1/2023 | 88.8% | 4/30/2023 | NAP | ||||||
22.23 | Property | 1 | Prime Storage Cartersville | 14,100,000 | As Is | 3/1/2023 | 85.3% | 4/30/2023 | NAP | ||||||
22.24 | Property | 1 | Prime Storage Danbury West | 14,000,000 | As Is | 2/27/2023 | 81.8% | 4/30/2023 | NAP | ||||||
22.25 | Property | 1 | Prime Storage Scarborough | 13,500,000 | As Is | 3/3/2023 | 82.6% | 4/30/2023 | NAP | ||||||
22.26 | Property | 1 | Prime Storage Baltimore | 12,800,000 | As Is | 3/3/2023 | 83.9% | 4/30/2023 | NAP | ||||||
22.27 | Property | 1 | Prime Storage Farmingdale | 12,800,000 | As Is | 3/2/2023 | 82.5% | 4/30/2023 | NAP | ||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | 12,500,000 | As Is | 3/3/2023 | 79.0% | 4/30/2023 | NAP | ||||||
22.29 | Property | 1 | Prime Storage Glenville | 11,800,000 | As Is | 3/6/2023 | 82.9% | 4/30/2023 | NAP | ||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | 11,300,000 | As Is | 3/2/2023 | 89.9% | 4/30/2023 | NAP | ||||||
22.31 | Property | 1 | Prime Storage Acworth North | 11,100,000 | As Is | 3/1/2023 | 82.6% | 4/30/2023 | NAP | ||||||
22.32 | Property | 1 | Prime Storage Rock Hill | 11,050,000 | As Is | 3/6/2023 | 81.7% | 4/30/2023 | NAP | ||||||
22.33 | Property | 1 | Prime Storage Simpsonville | 10,850,000 | As Is | 3/6/2023 | 80.5% | 4/30/2023 | NAP | ||||||
22.34 | Property | 1 | Prime Storage Acworth East | 10,500,000 | As Is | 3/1/2023 | 86.1% | 4/30/2023 | NAP | ||||||
22.35 | Property | 1 | Prime Storage Saco | 10,500,000 | As Is | 3/3/2023 | 87.6% | 4/30/2023 | NAP | ||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | 10,400,000 | As Is | 3/3/2023 | 88.1% | 4/30/2023 | NAP | ||||||
22.37 | Property | 1 | Prime Storage Green Island | 9,500,000 | As Is | 3/6/2023 | 81.3% | 4/30/2023 | NAP | ||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | 9,450,000 | As Is | 3/7/2023 | 91.2% | 4/30/2023 | NAP | ||||||
22.39 | Property | 1 | Prime Storage Marietta | 9,300,000 | As Is | 3/1/2023 | 87.3% | 4/30/2023 | NAP | ||||||
22.40 | Property | 1 | Prime Storage Midland | 9,000,000 | As Is | 3/1/2023 | 84.1% | 4/30/2023 | NAP | ||||||
22.41 | Property | 1 | Prime Storage Lansing | 8,875,000 | As Is | 3/2/2023 | 81.6% | 4/30/2023 | NAP | ||||||
22.42 | Property | 1 | Prime Storage Acworth West | 8,800,000 | As Is | 3/1/2023 | 81.5% | 4/30/2023 | NAP | ||||||
22.43 | Property | 1 | Prime Storage Boardman | 8,360,000 | As Is | 2/24/2023 | 67.0% | 4/30/2023 | NAP | ||||||
22.44 | Property | 1 | Prime Storage North Miami | 6,500,000 | As Is | 3/1/2023 | 85.4% | 4/30/2023 | NAP | ||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | 4,250,000 | As Is | 3/6/2023 | 80.1% | 4/30/2023 | NAP | ||||||
23 | Loan | 1 | Eden Apartments | 1.39 | 9.8% | 9.3% | 11,800,000 | As Is | 4/19/2023 | 64.4% | 64.4% | 95.2% | 6/9/2023 | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 2.10 | 13.0% | 12.5% | 679,000,000 | As Is | 10/30/2022 | 54.5% | 54.5% | 97.7% | 12/12/2022 | No |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 1.71 | 12.4% | 11.8% | 7,870,000 | As Is | 4/20/2023 | 61.2% | 61.2% | 82.7% | 5/23/2023 | |
25.01 | Property | 1 | 8015 Geyer Springs Road | 4,460,000 | As Is | 4/20/2023 | 94.7% | 5/23/2023 | NAP | ||||||
25.02 | Property | 1 | 6100 Leon Circle | 3,410,000 | As Is | 4/20/2023 | 73.6% | 5/23/2023 | NAP | ||||||
26 | Loan | 1 | Mini U Storage - Tomball | 1.57 | 11.8% | 11.6% | 10,700,000 | As Is | 3/29/2023 | 37.9% | 37.9% | 85.3% | 3/21/2023 | NAP | |
27 | Loan | 1 | Marco MHC | 1.20 | 10.6% | 10.5% | 4,840,000 | As Is | 5/5/2023 | 45.0% | 43.1% | 85.4% | 6/6/2023 | NAP |
A-6 |
BMO 2023 5C1
Annex A-1
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 |
4,21,22,23,28 | 4,21,22,23,28 | |||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | BJ's Wholesale Club | 128,995 | 36.3% | 9/20/2027 | Dave & Buster's | 37,060 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | Michael Kors (USA), Inc | 254,485 | 26.5% | 330 SF in 11/30/2023; 6,436 SF in 3/31/2025; 236,974 SF in 3/31/2026; 10,745 SF in 9/30/2029 | First-Citizens Bank & Trust Company | 153,680 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Crate & Barrel | 34,597 | 5.4% | 1/31/2024 | H&M | 21,334 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | ||||||
5.01 | Property | 1 | Romulus - Huron | Renaissance Global Logistics, LLC | 826,604 | 74.3% | 370,514 SF expiring 8/31/2025; 185,870 SF expiring 10/31/2026; 270,220 SF expiring 1/31/2027 | Home Depot U.S.A., Inc. | 285,400 | |
5.02 | Property | 1 | Warren Perkins Jones | The Step2 Company, LLC | 586,000 | 42.9% | 11/3/2030 | The HC Companies, Inc. | 413,395 | |
5.03 | Property | 1 | Cleveland American Industrial | Graphic Packaging International, LLC | 173,759 | 15.2% | 23,016 SF expiring MTM; 150,743 SF expiring 11/30/2025 | TRG Studios, Inc. | 156,523 | |
5.04 | Property | 1 | Cleveland American Office | Medical Mutual of Ohio | 344,355 | 100.0% | 12/31/2035 | NAP | NAP | |
5.05 | Property | 1 | Miles North Randall | Pipeline Packaging Co. | 207,132 | 68.5% | 4/30/2029 | NAP | NAP | |
5.06 | Property | 1 | Invacare | Invacare Corporation | 301,000 | 100.0% | 4/30/2035 | NAP | NAP | |
5.07 | Property | 1 | Stop Eight Vandalia | AMERI AmeriWater, LLC | 65,057 | 68.2% | 9/24/2025 | L&W Supply | 30,366 | |
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | High Tech Logistics | 596,090 | 100.0% | 3/31/2043 | NAP | NAP |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | Costco | 147,409 | 20.8% | 11/30/2026 | Round 1 Bowling & Amusement | 83,600 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | ||||||
8.01 | Property | 1 | 2410-2418 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | |
8.02 | Property | 1 | 245 West 51st Street | NAP | NAP | NAP | NAP | NAP | NAP | |
8.03 | Property | 1 | 324-326 West 84th Street | NAP | NAP | NAP | NAP | NAP | NAP | |
8.04 | Property | 1 | 107 West 68th Street | NAP | NAP | NAP | NAP | NAP | NAP | |
8.05 | Property | 1 | 1443-1447 York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | Wayfair | 356,312 | 27.8% | 12/31/2031 | DraftKings Inc. | 125,104 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | MUFG Bank Ltd. | 137,076 | 8.6% | 8/31/2029 | E-Trade Financial Corporation | 132,265 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | Philadelphia Municipal Court - Criminal Division | 200,114 | 45.3% | 12/31/2032 | Chestnut Master LLC | 69,420 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | Keeco, LLC | 610,724 | 66.5% | 12/31/2031 | We Pack Logistics, LLC | 208,000 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | Macy's | 278,341 | 30.8% | 7/31/2025 | Von Maur | 156,000 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | EOG Resources Inc. | 376,333 | 32.5% | 3/31/2035 | Deloitte & Touche USA LLP | 205,125 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | ||||||
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | Cosmos Surfaces | 153,092 | 100.0% | 4/30/2038 | NAP | NAP | |
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | Cosmos Surfaces | 103,040 | 100.0% | 4/30/2038 | NAP | NAP | |
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | CGI Federal Inc. | 39,447 | 11.8% | 12/31/2032 | Lewis Thomason PC | 32,567 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | Stearns Weaver Miller | 98,695 | 40.5% | 9/30/2027 | Mana Miami Management, LLC | 39,378 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | ||||||
19.01 | Property | 1 | Sweet Sam's Factory | Sweet Sam's Baking Company, LLC | 72,882 | 100.0% | 6/30/2030 | NAP | NAP | |
19.02 | Property | 1 | 15 East 76th Street | NAP | NAP | NAP | NAP | NAP | NAP | |
19.03 | Property | 1 | 523B East 85th Street | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | Restoration Hardware | 96,907 | 98.9% | 5/31/2028 | NAP | NAP |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | ||||||
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | Select Parking - 30, 40, 60 East 9th Street | 360 | 100.0% | 4/30/2033 | NAP | NAP | |
21.02 | Property | 1 | 260 West 87th Street | Select Parking - 260 W 87th Street | 190 | 100.0% | 4/30/2033 | NAP | NAP | |
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | ||||||
22.01 | Property | 1 | Prime Storage Bridgehampton | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Prime Storage Bohemia | NAP | NAP | NAP | NAP | NAP | NAP | |
22.03 | Property | 1 | Prime Storage Westhampton Beach | NAP | NAP | NAP | NAP | NAP | NAP | |
22.04 | Property | 1 | Prime Storage Queens Jamaica | NAP | NAP | NAP | NAP | NAP | NAP | |
22.05 | Property | 1 | Prime Storage West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | |
22.06 | Property | 1 | Prime Storage Snellville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.07 | Property | 1 | Prime Storage Shallotte | NAP | NAP | NAP | NAP | NAP | NAP | |
22.08 | Property | 1 | Prime Storage Danbury East | NAP | NAP | NAP | NAP | NAP | NAP | |
22.09 | Property | 1 | Prime Storage Dallas | NAP | NAP | NAP | NAP | NAP | NAP | |
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | NAP | NAP | NAP | NAP | NAP | NAP | |
22.11 | Property | 1 | Prime Storage Mesa | NAP | NAP | NAP | NAP | NAP | NAP | |
22.12 | Property | 1 | Prime Storage Warren | NAP | NAP | NAP | NAP | NAP | NAP | |
22.13 | Property | 1 | Prime Storage Portsmouth | NAP | NAP | NAP | NAP | NAP | NAP | |
22.14 | Property | 1 | Prime Storage Bolivia | NAP | NAP | NAP | NAP | NAP | NAP | |
22.15 | Property | 1 | Prime Storage Charlottesville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.16 | Property | 1 | Prime Storage Clifton | NAP | NAP | NAP | NAP | NAP | NAP | |
22.17 | Property | 1 | Prime Storage Centereach | NAP | NAP | NAP | NAP | NAP | NAP | |
22.18 | Property | 1 | Prime Storage Marietta North | NAP | NAP | NAP | NAP | NAP | NAP | |
22.19 | Property | 1 | Prime Storage Hardeeville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.20 | Property | 1 | Prime Storage Summerville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | NAP | NAP | NAP | NAP | NAP | NAP | |
22.22 | Property | 1 | Prime Storage Marietta South | NAP | NAP | NAP | NAP | NAP | NAP | |
22.23 | Property | 1 | Prime Storage Cartersville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.24 | Property | 1 | Prime Storage Danbury West | NAP | NAP | NAP | NAP | NAP | NAP | |
22.25 | Property | 1 | Prime Storage Scarborough | NAP | NAP | NAP | NAP | NAP | NAP | |
22.26 | Property | 1 | Prime Storage Baltimore | NAP | NAP | NAP | NAP | NAP | NAP | |
22.27 | Property | 1 | Prime Storage Farmingdale | NAP | NAP | NAP | NAP | NAP | NAP | |
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | NAP | NAP | NAP | NAP | NAP | NAP | |
22.29 | Property | 1 | Prime Storage Glenville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | NAP | NAP | NAP | NAP | NAP | NAP | |
22.31 | Property | 1 | Prime Storage Acworth North | NAP | NAP | NAP | NAP | NAP | NAP | |
22.32 | Property | 1 | Prime Storage Rock Hill | NAP | NAP | NAP | NAP | NAP | NAP | |
22.33 | Property | 1 | Prime Storage Simpsonville | NAP | NAP | NAP | NAP | NAP | NAP | |
22.34 | Property | 1 | Prime Storage Acworth East | NAP | NAP | NAP | NAP | NAP | NAP | |
22.35 | Property | 1 | Prime Storage Saco | NAP | NAP | NAP | NAP | NAP | NAP | |
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | NAP | NAP | NAP | NAP | NAP | NAP | |
22.37 | Property | 1 | Prime Storage Green Island | NAP | NAP | NAP | NAP | NAP | NAP | |
22.38 | Property | 1 | Prime Storage North Fort Myers | NAP | NAP | NAP | NAP | NAP | NAP | |
22.39 | Property | 1 | Prime Storage Marietta | NAP | NAP | NAP | NAP | NAP | NAP | |
22.40 | Property | 1 | Prime Storage Midland | NAP | NAP | NAP | NAP | NAP | NAP | |
22.41 | Property | 1 | Prime Storage Lansing | NAP | NAP | NAP | NAP | NAP | NAP | |
22.42 | Property | 1 | Prime Storage Acworth West | NAP | NAP | NAP | NAP | NAP | NAP | |
22.43 | Property | 1 | Prime Storage Boardman | NAP | NAP | NAP | NAP | NAP | NAP | |
22.44 | Property | 1 | Prime Storage North Miami | NAP | NAP | NAP | NAP | NAP | NAP | |
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 1 | Eden Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | Macy's | 390,503 | 18.8% | 8/18/2026 (266,676 SF); 7/31/2034 (123,827 SF) | Walmart | 173,450 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | ||||||
25.01 | Property | 1 | 8015 Geyer Springs Road | NAP | NAP | NAP | NAP | NAP | NAP | |
25.02 | Property | 1 | 6100 Leon Circle | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 1 | Marco MHC | NAP | NAP | NAP | NAP | NAP | NAP |
A-7 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA |
4,21,22,23,28 | 4,21,22,23,28 | ||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 10.4% | 1/31/2036 | Marshalls | 35,021 | 9.9% | 9/30/2027 | Best Buy | 31,679 | 8.9% |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 16.0% | 5/31/2034 | New York University | 117,382 | 12.2% | 6/30/2027 | Kohn Pedersen Fox Associates, P.C. | 92,788 | 9.7% |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 3.4% | 4/30/2026 | Saxon Shoes & Accessories | 21,178 | 3.3% | 3/31/2026 | The Container Store | 18,942 | 3.0% |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | |||||||||
5.01 | Property | 1 | Romulus - Huron | 25.7% | 1/31/2025 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.02 | Property | 1 | Warren Perkins Jones | 30.3% | 5/31/2030 | Hemasource, Inc. | 187,267 | 13.7% | 12/31/2033 | Berk Enterprises | 169,139 | 12.4% | |
5.03 | Property | 1 | Cleveland American Industrial | 13.7% | 37,619 SF expiring 9/30/2025; 118,904 SF expiring 7/31/2031 | Taylor Exhibition Services, Inc. | 100,773 | 8.8% | 10/31/2027 | Inogen, Inc | 93,634 | 8.2% | |
5.04 | Property | 1 | Cleveland American Office | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.05 | Property | 1 | Miles North Randall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.06 | Property | 1 | Invacare | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.07 | Property | 1 | Stop Eight Vandalia | 31.8% | 5/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 11.8% | 2/28/2031 | Dick's Sporting Goods | 70,984 | 10.0% | 1/31/2031 | Forever 21 | 25,748 | 3.6% |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | |||||||||
8.01 | Property | 1 | 2410-2418 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.02 | Property | 1 | 245 West 51st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.03 | Property | 1 | 324-326 West 84th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.04 | Property | 1 | 107 West 68th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.05 | Property | 1 | 1443-1447 York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 9.7% | 3/31/2029 | Summit Partners | 78,587 | 6.1% | 11/30/2033 | Cooley | 72,165 | 5.6% |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 8.3% | 1/31/2031 | Collectors Universe | 130,419 | 8.2% | 11/30/2038 | Sumitomo Mitsui Banking | 111,605 | 7.0% |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 15.7% | 5/31/2033 | First Judicial District of PA | 48,600 | 11.0% | 8/31/2032 | Weir & Partners | 22,482 | 5.1% |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 22.6% | 7/31/2026 | Landair Logistics, Inc. | 100,000 | 10.9% | 9/30/2024 | NAP | NAP | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 17.3% | 8/31/2028 | Topgolf | 100,000 | 11.1% | 11/30/2042 | Dick's Sporting Goods | 80,000 | 8.8% |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 17.7% | 2/28/2031 | Perella Weinberg Partners Group LP | 63,446 | 5.5% | 8/31/2027 | Lime Rock Management LP | 56,984 | 4.9% |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | |||||||||
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 9.7% | 6/30/2036 | Truist Bank | 28,235 | 8.4% | 12/31/2028 | Woolf, McClane, Bright, Allen | 23,649 | 7.1% |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 16.2% | 4/30/2038 | GSA-Federal Public Defenders | 28,765 | 11.8% | 3/7/2037 | Luks Santaniello | 13,637 | 5.6% |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | |||||||||
19.01 | Property | 1 | Sweet Sam's Factory | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.02 | Property | 1 | 15 East 76th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.03 | Property | 1 | 523B East 85th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | |||||||||
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21.02 | Property | 1 | 260 West 87th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | |||||||||
22.01 | Property | 1 | Prime Storage Bridgehampton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Prime Storage Bohemia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.03 | Property | 1 | Prime Storage Westhampton Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.04 | Property | 1 | Prime Storage Queens Jamaica | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.05 | Property | 1 | Prime Storage West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.06 | Property | 1 | Prime Storage Snellville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.07 | Property | 1 | Prime Storage Shallotte | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.08 | Property | 1 | Prime Storage Danbury East | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.09 | Property | 1 | Prime Storage Dallas | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.11 | Property | 1 | Prime Storage Mesa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.12 | Property | 1 | Prime Storage Warren | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.13 | Property | 1 | Prime Storage Portsmouth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.14 | Property | 1 | Prime Storage Bolivia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.15 | Property | 1 | Prime Storage Charlottesville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.16 | Property | 1 | Prime Storage Clifton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.17 | Property | 1 | Prime Storage Centereach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.18 | Property | 1 | Prime Storage Marietta North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.19 | Property | 1 | Prime Storage Hardeeville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.20 | Property | 1 | Prime Storage Summerville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.22 | Property | 1 | Prime Storage Marietta South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.23 | Property | 1 | Prime Storage Cartersville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.24 | Property | 1 | Prime Storage Danbury West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.25 | Property | 1 | Prime Storage Scarborough | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.26 | Property | 1 | Prime Storage Baltimore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.27 | Property | 1 | Prime Storage Farmingdale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.29 | Property | 1 | Prime Storage Glenville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.31 | Property | 1 | Prime Storage Acworth North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.32 | Property | 1 | Prime Storage Rock Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.33 | Property | 1 | Prime Storage Simpsonville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.34 | Property | 1 | Prime Storage Acworth East | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.35 | Property | 1 | Prime Storage Saco | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.37 | Property | 1 | Prime Storage Green Island | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.38 | Property | 1 | Prime Storage North Fort Myers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.39 | Property | 1 | Prime Storage Marietta | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.40 | Property | 1 | Prime Storage Midland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.41 | Property | 1 | Prime Storage Lansing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.42 | Property | 1 | Prime Storage Acworth West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.43 | Property | 1 | Prime Storage Boardman | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.44 | Property | 1 | Prime Storage North Miami | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 1 | Eden Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 8.3% | 8/31/2028 | SEARS | 144,537 | 6.9% | 10/31/2028 | BJ's Wholesale Club | 127,750 | 6.1% |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | |||||||||
25.01 | Property | 1 | 8015 Geyer Springs Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25.02 | Property | 1 | 6100 Leon Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 1 | Marco MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-8 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 | Seismic Report Date | PML or SEL (%) | Flood Zone |
4,21,22,23, 28 | |||||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 1/31/2028 | Old Navy | 26,861 | 7.6% | 1/31/2027 | 5/19/2023 | NAP | 4/18/2023 | NAP | NAP | No |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 15,400 SF in 4/30/2027; 77,388 SF in 5/31/2038 | Burberry (Wholesale) Limited | 45,509 | 4.7% | 8/31/2037 | 4/24/2023 | NAP | 5/19/2023 | NAP | NAP | No |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 2/29/2032 | LL Bean | 15,553 | 2.4% | 1/31/2026 | 5/15/2023 | NAP | 5/14/2023 | NAP | NAP | No |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | NAP | NAP | NAP | 6/8/2023 | NAP | 4/13/2023 | NAP | NAP | Yes - AE |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | |||||||||||
5.01 | Property | 1 | Romulus - Huron | NAP | NAP | NAP | NAP | NAP | 4/10/2023 | NAP | 3/29/2023 | NAP | NAP | No | |
5.02 | Property | 1 | Warren Perkins Jones | 10/31/2025 | NAP | NAP | NAP | NAP | 4/7/2023 | NAP | 8/26/2022 | NAP | NAP | No | |
5.03 | Property | 1 | Cleveland American Industrial | 9/30/2024 | American Greetings | 90,446 | 7.9% | 6/29/2024 | 4/7/2023 | NAP | 3/29/2023 | NAP | NAP | No | |
5.04 | Property | 1 | Cleveland American Office | NAP | NAP | NAP | NAP | NAP | 4/7/2023 | NAP | 8/29/2022 | NAP | NAP | No | |
5.05 | Property | 1 | Miles North Randall | NAP | NAP | NAP | NAP | NAP | 4/7/2023 | NAP | 8/29/2022 | NAP | NAP | No | |
5.06 | Property | 1 | Invacare | NAP | NAP | NAP | NAP | NAP | 4/10/2023 | NAP | 4/4/2023 | NAP | NAP | No | |
5.07 | Property | 1 | Stop Eight Vandalia | NAP | NAP | NAP | NAP | NAP | 4/10/2023 | NAP | 8/26/2022 | NAP | NAP | No | |
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | NAP | NAP | NAP | NAP | NAP | 1/4/2023 | NAP | 1/4/2023 | 1/4/2023 | 8% | No |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 1/31/2027 | H&M | 24,655 | 3.5% | 1/31/2032 | 3/1/2023 | NAP | 3/1/2023 | NAP | NAP | No |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | |||||||||||
8.01 | Property | 1 | 2410-2418 Broadway | NAP | NAP | NAP | NAP | NAP | 4/14/2023 | NAP | 4/14/2023 | NAP | NAP | No | |
8.02 | Property | 1 | 245 West 51st Street | NAP | NAP | NAP | NAP | NAP | 4/14/2023 | NAP | 4/14/2023 | NAP | NAP | No | |
8.03 | Property | 1 | 324-326 West 84th Street | NAP | NAP | NAP | NAP | NAP | 4/14/2023 | NAP | 4/14/2023 | NAP | NAP | No | |
8.04 | Property | 1 | 107 West 68th Street | NAP | NAP | NAP | NAP | NAP | 4/14/2023 | NAP | 4/14/2023 | NAP | NAP | No | |
8.05 | Property | 1 | 1443-1447 York Avenue | NAP | NAP | NAP | NAP | NAP | 4/14/2023 | NAP | 4/14/2023 | NAP | NAP | No | |
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | NAP | NAP | NAP | NAP | NAP | 5/30/2023 | NAP | 5/30/2023 | NAP | NAP | No |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 5/31/2032 | Skadden Arps Slate Meagher | 47,722 | 3.7% | 2/28/2029 | 11/15/2022 | NAP | 10/31/2022 | NAP | NAP | No |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 12/31/2036 | Arch Insurance Company | 106,815 | 6.7% | 5/31/2024 | 3/24/2023 | NAP | 3/3/2023 | NAP | NAP | Yes - AE |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 9/30/2027 | Quality Progressions | 20,708 | 4.7% | 6/30/2024 | 3/28/2023 | NAP | 3/28/2023 | NAP | NAP | No |
13 | Loan | 20 | 1 | 107 Tom Starling Road | NAP | NAP | NAP | NAP | NAP | 6/14/2023 | NAP | 6/14/2023 | NAP | NAP | No |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 1/31/2027 | H&M | 26,894 | 3.0% | 1/31/2024 | 4/3/2023 | NAP | 4/3/2023 | NAP | NAP | Yes - AE |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 3/31/2024 | S&P Global Inc. | 28,560 | 2.5% | 2/28/2029 | 2/9/2023 | NAP | 2/8/2023 | NAP | NAP | No |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | |||||||||||
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | NAP | NAP | NAP | NAP | NAP | 3/22/2023 | NAP | 3/22/2023 | NAP | NAP | No | |
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | NAP | NAP | NAP | NAP | NAP | 3/22/2023 | NAP | 3/22/2023 | NAP | NAP | No | |
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 6/30/2028 | Egerton McAfee Armistead | 19,411 | 5.8% | 4/30/2025 | 5/10/2023 | NAP | 5/10/2023 | NAP | NAP | No |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 5/31/2024 | Miami Dade TPO | 13,536 | 5.6% | 6/30/2030 | 2/10/2023 | NAP | 2/10/2023 | NAP | NAP | Yes - AE |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | |||||||||||
19.01 | Property | 1 | Sweet Sam's Factory | NAP | NAP | NAP | NAP | NAP | 5/25/2023 | NAP | 5/25/2023 | NAP | NAP | No | |
19.02 | Property | 1 | 15 East 76th Street | NAP | NAP | NAP | NAP | NAP | 5/25/2023 | NAP | 5/25/2023 | NAP | NAP | No | |
19.03 | Property | 1 | 523B East 85th Street | NAP | NAP | NAP | NAP | NAP | 5/25/2023 | NAP | 5/25/2023 | NAP | NAP | No | |
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP | NAP | NAP | NAP | NAP | 8/16/2021 | NAP | 10/31/2022 | 7/31/2021 | 12% | No |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | |||||||||||
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | NAP | NAP | NAP | NAP | NAP | 5/8/2023 | NAP | 5/8/2023 | NAP | NAP | No | |
21.02 | Property | 1 | 260 West 87th Street | NAP | NAP | NAP | NAP | NAP | 5/8/2023 | NAP | 5/8/2023 | NAP | NAP | No | |
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | |||||||||||
22.01 | Property | 1 | Prime Storage Bridgehampton | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.02 | Property | 1 | Prime Storage Bohemia | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.03 | Property | 1 | Prime Storage Westhampton Beach | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.04 | Property | 1 | Prime Storage Queens Jamaica | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.05 | Property | 1 | Prime Storage West Palm Beach | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.06 | Property | 1 | Prime Storage Snellville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.07 | Property | 1 | Prime Storage Shallotte | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.08 | Property | 1 | Prime Storage Danbury East | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.09 | Property | 1 | Prime Storage Dallas | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.11 | Property | 1 | Prime Storage Mesa | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.12 | Property | 1 | Prime Storage Warren | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | Yes - AE | |
22.13 | Property | 1 | Prime Storage Portsmouth | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.14 | Property | 1 | Prime Storage Bolivia | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.15 | Property | 1 | Prime Storage Charlottesville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.16 | Property | 1 | Prime Storage Clifton | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.17 | Property | 1 | Prime Storage Centereach | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.18 | Property | 1 | Prime Storage Marietta North | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.19 | Property | 1 | Prime Storage Hardeeville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.20 | Property | 1 | Prime Storage Summerville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.22 | Property | 1 | Prime Storage Marietta South | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.23 | Property | 1 | Prime Storage Cartersville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.24 | Property | 1 | Prime Storage Danbury West | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.25 | Property | 1 | Prime Storage Scarborough | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.26 | Property | 1 | Prime Storage Baltimore | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.27 | Property | 1 | Prime Storage Farmingdale | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | Yes - AE | |
22.29 | Property | 1 | Prime Storage Glenville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.31 | Property | 1 | Prime Storage Acworth North | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.32 | Property | 1 | Prime Storage Rock Hill | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.33 | Property | 1 | Prime Storage Simpsonville | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.34 | Property | 1 | Prime Storage Acworth East | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.35 | Property | 1 | Prime Storage Saco | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.37 | Property | 1 | Prime Storage Green Island | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | Yes - AE | |
22.38 | Property | 1 | Prime Storage North Fort Myers | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | Yes - AE | |
22.39 | Property | 1 | Prime Storage Marietta | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.40 | Property | 1 | Prime Storage Midland | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.41 | Property | 1 | Prime Storage Lansing | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.42 | Property | 1 | Prime Storage Acworth West | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.43 | Property | 1 | Prime Storage Boardman | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
22.44 | Property | 1 | Prime Storage North Miami | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | Yes - AE | |
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | NAP | NAP | NAP | NAP | NAP | 3/20/2023 | NAP | 3/20/2023 | NAP | NAP | No | |
23 | Loan | 1 | Eden Apartments | NAP | NAP | NAP | NAP | NAP | 4/27/2023 | NAP | 6/6/2023 | NAP | NAP | Yes - AE | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | 1/31/2027 | KOHL'S | 116,392 | 5.6% | 1/31/2031 | 12/20/2022 | NAP | 12/20/2022 | NAP | NAP | Yes - AE |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | |||||||||||
25.01 | Property | 1 | 8015 Geyer Springs Road | NAP | NAP | NAP | NAP | NAP | 5/9/2023 | NAP | 5/24/2023 | NAP | NAP | No | |
25.02 | Property | 1 | 6100 Leon Circle | NAP | NAP | NAP | NAP | NAP | 5/9/2023 | NAP | 5/24/2023 | NAP | NAP | No | |
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | NAP | NAP | NAP | 3/29/2023 | NAP | 3/29/2023 | NAP | NAP | No | |
27 | Loan | 1 | Marco MHC | NAP | NAP | NAP | NAP | NAP | 5/23/2023 | 2/16/2023 | 5/9/2023 | NAP | NAP | No |
A-9 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) |
17 | 18 | 19 | 18 | 19 | 18 | |||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | Fee | NAP | NAP | NAP | NAP | 0 | 436,789 | 0 | Springing | 0 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | Fee | NAP | NAP | NAP | NAP | 27,566 | 29,689 | 0 | 12,391 | 0 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 907,455 | 247,190 | 0 | Springing | 0 | |||||
5.01 | Property | 1 | Romulus - Huron | Fee | NAP | NAP | NAP | NAP | ||||||
5.02 | Property | 1 | Warren Perkins Jones | Fee | NAP | NAP | NAP | NAP | ||||||
5.03 | Property | 1 | Cleveland American Industrial | Fee | NAP | NAP | NAP | NAP | ||||||
5.04 | Property | 1 | Cleveland American Office | Fee | NAP | NAP | NAP | NAP | ||||||
5.05 | Property | 1 | Miles North Randall | Fee | NAP | NAP | NAP | NAP | ||||||
5.06 | Property | 1 | Invacare | Fee | NAP | NAP | NAP | NAP | ||||||
5.07 | Property | 1 | Stop Eight Vandalia | Fee | NAP | NAP | NAP | NAP | ||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | Fee | NAP | NAP | NAP | NAP | 88,186 | 88,186 | 22,717 | 11,359 | 0 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 0 | 216,566 | 126,563 | Springing | 0 | |||||
8.01 | Property | 1 | 2410-2418 Broadway | Fee | NAP | NAP | NAP | NAP | ||||||
8.02 | Property | 1 | 245 West 51st Street | Fee | NAP | NAP | NAP | NAP | ||||||
8.03 | Property | 1 | 324-326 West 84th Street | Fee | NAP | NAP | NAP | NAP | ||||||
8.04 | Property | 1 | 107 West 68th Street | Fee | NAP | NAP | NAP | NAP | ||||||
8.05 | Property | 1 | 1443-1447 York Avenue | Fee | NAP | NAP | NAP | NAP | ||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | Fee | NAP | NAP | NAP | NAP | 215,674 | 107,837 | 80,564 | 16,113 | 0 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | Fee | NAP | NAP | NAP | NAP | 696,822 | 696,822 | 272,774 | 136,387 | 8,000,000 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | Fee | NAP | NAP | NAP | NAP | 589,478 | 117,896 | 50,057 | 12,514 | 0 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | Fee | NAP | NAP | NAP | NAP | 174,308 | 15,846 | 0 | Springing | 0 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | Leasehold | 9/30/2057 | Two, 20-year options | 1,209,920 | Yes | 0 | Springing | 0 | Springing | 0 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 114,738 | 16,391 | 113,212 | 9,434 | 0 | |||||
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | Fee | NAP | NAP | NAP | NAP | ||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | Fee | NAP | NAP | NAP | NAP | ||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | Fee | NAP | NAP | NAP | NAP | 287,922 | 47,987 | 0 | Springing | 0 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | Fee | NAP | NAP | NAP | NAP | 559,746 | 93,291 | 183 | 183 | 0 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | 47,988 | 23,994 | 16,944 | 8,472 | 0 | |||||
19.01 | Property | 1 | Sweet Sam's Factory | Fee | NAP | NAP | NAP | NAP | ||||||
19.02 | Property | 1 | 15 East 76th Street | Fee | NAP | NAP | NAP | NAP | ||||||
19.03 | Property | 1 | 523B East 85th Street | Fee | NAP | NAP | NAP | NAP | ||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | Leasehold | 12/12/2120 | None | 859,464 | Yes | 0 | Springing | 0 | Springing | 0 |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 0 | Springing | 0 | Springing | 27,500 | |||||
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | Fee | NAP | NAP | NAP | NAP | ||||||
21.02 | Property | 1 | 260 West 87th Street | Fee | NAP | NAP | NAP | NAP | ||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 1,212,979 | 404,326 | 0 | 0 | 0 | |||||
22.01 | Property | 1 | Prime Storage Bridgehampton | Fee | NAP | NAP | NAP | NAP | ||||||
22.02 | Property | 1 | Prime Storage Bohemia | Fee | NAP | NAP | NAP | NAP | ||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | Fee | NAP | NAP | NAP | NAP | ||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | Fee | NAP | NAP | NAP | NAP | ||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | Fee | NAP | NAP | NAP | NAP | ||||||
22.06 | Property | 1 | Prime Storage Snellville | Fee | NAP | NAP | NAP | NAP | ||||||
22.07 | Property | 1 | Prime Storage Shallotte | Fee | NAP | NAP | NAP | NAP | ||||||
22.08 | Property | 1 | Prime Storage Danbury East | Fee | NAP | NAP | NAP | NAP | ||||||
22.09 | Property | 1 | Prime Storage Dallas | Fee | NAP | NAP | NAP | NAP | ||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | Fee | NAP | NAP | NAP | NAP | ||||||
22.11 | Property | 1 | Prime Storage Mesa | Fee | NAP | NAP | NAP | NAP | ||||||
22.12 | Property | 1 | Prime Storage Warren | Fee | NAP | NAP | NAP | NAP | ||||||
22.13 | Property | 1 | Prime Storage Portsmouth | Fee | NAP | NAP | NAP | NAP | ||||||
22.14 | Property | 1 | Prime Storage Bolivia | Fee | NAP | NAP | NAP | NAP | ||||||
22.15 | Property | 1 | Prime Storage Charlottesville | Fee | NAP | NAP | NAP | NAP | ||||||
22.16 | Property | 1 | Prime Storage Clifton | Fee | NAP | NAP | NAP | NAP | ||||||
22.17 | Property | 1 | Prime Storage Centereach | Fee | NAP | NAP | NAP | NAP | ||||||
22.18 | Property | 1 | Prime Storage Marietta North | Fee | NAP | NAP | NAP | NAP | ||||||
22.19 | Property | 1 | Prime Storage Hardeeville | Fee | NAP | NAP | NAP | NAP | ||||||
22.20 | Property | 1 | Prime Storage Summerville | Fee | NAP | NAP | NAP | NAP | ||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | Fee | NAP | NAP | NAP | NAP | ||||||
22.22 | Property | 1 | Prime Storage Marietta South | Fee | NAP | NAP | NAP | NAP | ||||||
22.23 | Property | 1 | Prime Storage Cartersville | Fee | NAP | NAP | NAP | NAP | ||||||
22.24 | Property | 1 | Prime Storage Danbury West | Fee | NAP | NAP | NAP | NAP | ||||||
22.25 | Property | 1 | Prime Storage Scarborough | Fee | NAP | NAP | NAP | NAP | ||||||
22.26 | Property | 1 | Prime Storage Baltimore | Fee | NAP | NAP | NAP | NAP | ||||||
22.27 | Property | 1 | Prime Storage Farmingdale | Fee | NAP | NAP | NAP | NAP | ||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | Fee | NAP | NAP | NAP | NAP | ||||||
22.29 | Property | 1 | Prime Storage Glenville | Fee | NAP | NAP | NAP | NAP | ||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | Fee | NAP | NAP | NAP | NAP | ||||||
22.31 | Property | 1 | Prime Storage Acworth North | Fee | NAP | NAP | NAP | NAP | ||||||
22.32 | Property | 1 | Prime Storage Rock Hill | Fee | NAP | NAP | NAP | NAP | ||||||
22.33 | Property | 1 | Prime Storage Simpsonville | Fee | NAP | NAP | NAP | NAP | ||||||
22.34 | Property | 1 | Prime Storage Acworth East | Fee | NAP | NAP | NAP | NAP | ||||||
22.35 | Property | 1 | Prime Storage Saco | Fee | NAP | NAP | NAP | NAP | ||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | Fee | NAP | NAP | NAP | NAP | ||||||
22.37 | Property | 1 | Prime Storage Green Island | Fee | NAP | NAP | NAP | NAP | ||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | Fee | NAP | NAP | NAP | NAP | ||||||
22.39 | Property | 1 | Prime Storage Marietta | Fee | NAP | NAP | NAP | NAP | ||||||
22.40 | Property | 1 | Prime Storage Midland | Fee | NAP | NAP | NAP | NAP | ||||||
22.41 | Property | 1 | Prime Storage Lansing | Fee | NAP | NAP | NAP | NAP | ||||||
22.42 | Property | 1 | Prime Storage Acworth West | Fee | NAP | NAP | NAP | NAP | ||||||
22.43 | Property | 1 | Prime Storage Boardman | Fee | NAP | NAP | NAP | NAP | ||||||
22.44 | Property | 1 | Prime Storage North Miami | Fee | NAP | NAP | NAP | NAP | ||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | Fee | NAP | NAP | NAP | NAP | ||||||
23 | Loan | 1 | Eden Apartments | Fee | NAP | NAP | NAP | NAP | 64,157 | 9,165 | 33,558 | 5,593 | 0 | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | Fee/Leasehold | 8/12/2026 | Two, 6-year options | 1,080,000 | No | 0 | Springing | 0 | Springing | 0 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 0 | 6,316 | 28,519 | 3,169 | 0 | |||||
25.01 | Property | 1 | 8015 Geyer Springs Road | Fee | NAP | NAP | NAP | NAP | ||||||
25.02 | Property | 1 | 6100 Leon Circle | Fee | NAP | NAP | NAP | NAP | ||||||
26 | Loan | 1 | Mini U Storage - Tomball | Fee | NAP | NAP | NAP | NAP | 65,925 | 13,185 | 14,851 | 4,950 | 682 | |
27 | Loan | 1 | Marco MHC | Fee | NAP | NAP | NAP | NAP | 17,681 | 5,894 | 5,168 | 1,723 | 0 |
A-10 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 2,959 | 0 | 0 | 29,586 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | Springing | 288,170 | 10,000,000 | 240,142 | 0 | 0 | 0 | 0 | 0 | 19,165,251 | 0 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Springing | 254,198 | 6,639,981 | Springing | 2,541,976 | 0 | 0 | 0 | 0 | 241,234 | 0 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | 3,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000,000 | 0 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 58,287 | 0 | 3,000,000 | Springing | 1,830,000 | 0 | 0 | 0 | 851,224 | 0 | 0 |
5.01 | Property | 1 | Romulus - Huron | ||||||||||||
5.02 | Property | 1 | Warren Perkins Jones | ||||||||||||
5.03 | Property | 1 | Cleveland American Industrial | ||||||||||||
5.04 | Property | 1 | Cleveland American Office | ||||||||||||
5.05 | Property | 1 | Miles North Randall | ||||||||||||
5.06 | Property | 1 | Invacare | ||||||||||||
5.07 | Property | 1 | Stop Eight Vandalia | ||||||||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 4,967 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 800,000 | 0 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | Springing | 353,853 | 1,987,019 | Springing | 1,415,412 | 0 | 0 | 0 | 0 | 267,919 | Springing |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | $3,350 (Residential); $155 (Commercial) | 0 | 0 | 1,034 | 0 | 500,000 | 0 | 0 | 112,649 | 0 | 0 |
8.01 | Property | 1 | 2410-2418 Broadway | ||||||||||||
8.02 | Property | 1 | 245 West 51st Street | ||||||||||||
8.03 | Property | 1 | 324-326 West 84th Street | ||||||||||||
8.04 | Property | 1 | 107 West 68th Street | ||||||||||||
8.05 | Property | 1 | 1443-1447 York Avenue | ||||||||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | Replacement Reserve ($3,567), FF&E Reserve ($19,829.83) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69,181 | Springing |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | Springing | 0 | 26,723,400 | Springing | 0 | 0 | 0 | 0 | 0 | 31,137,229 | 0 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 26,650 | 0 | 15,000,000 | Springing | 15,000,000 | 0 | 0 | 0 | 0 | 40,614,319 | 0 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 7,362 | 0 | 2,300,000 | 18,404 | 0 | 0 | 0 | 0 | 0 | 1,166,939 | 32,768 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 8,422 | 0 | 0 | 19,140 | 500,000 | 0 | 0 | 0 | 0 | 49,790 | 0 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | Springing | 183,389 | 11,882,926 | Springing | 1,100,331 | 0 | 0 | 0 | 0 | 1,506,022 | Springing |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 19,303 | 231,636 | 5,000,000 | 144,771 | 10,000,000 | 0 | 0 | 0 | 0 | 10,489,446 | 0 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 1,972 | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 38,250 | 0 | 0 |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | ||||||||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | ||||||||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | 5,570 | 0 | 1,500,000 | Springing | 0 | 0 | 0 | 0 | 11,935 | 5,399,238 | 0 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | 3,060 | 0 | 350,000 | 20,319 | 1,000,000 | 0 | 0 | 0 | 285,064 | 1,000,000 | Springing |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 0 |
19.01 | Property | 1 | Sweet Sam's Factory | ||||||||||||
19.02 | Property | 1 | 15 East 76th Street | ||||||||||||
19.03 | Property | 1 | 523B East 85th Street | ||||||||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 1,080,607 | Springing |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | 2,292 | 27,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,100 | 0 |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | ||||||||||||
21.02 | Property | 1 | 260 West 87th Street | ||||||||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 48,584 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 703,313 | 0 | 0 |
22.01 | Property | 1 | Prime Storage Bridgehampton | ||||||||||||
22.02 | Property | 1 | Prime Storage Bohemia | ||||||||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | ||||||||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | ||||||||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | ||||||||||||
22.06 | Property | 1 | Prime Storage Snellville | ||||||||||||
22.07 | Property | 1 | Prime Storage Shallotte | ||||||||||||
22.08 | Property | 1 | Prime Storage Danbury East | ||||||||||||
22.09 | Property | 1 | Prime Storage Dallas | ||||||||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | ||||||||||||
22.11 | Property | 1 | Prime Storage Mesa | ||||||||||||
22.12 | Property | 1 | Prime Storage Warren | ||||||||||||
22.13 | Property | 1 | Prime Storage Portsmouth | ||||||||||||
22.14 | Property | 1 | Prime Storage Bolivia | ||||||||||||
22.15 | Property | 1 | Prime Storage Charlottesville | ||||||||||||
22.16 | Property | 1 | Prime Storage Clifton | ||||||||||||
22.17 | Property | 1 | Prime Storage Centereach | ||||||||||||
22.18 | Property | 1 | Prime Storage Marietta North | ||||||||||||
22.19 | Property | 1 | Prime Storage Hardeeville | ||||||||||||
22.20 | Property | 1 | Prime Storage Summerville | ||||||||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | ||||||||||||
22.22 | Property | 1 | Prime Storage Marietta South | ||||||||||||
22.23 | Property | 1 | Prime Storage Cartersville | ||||||||||||
22.24 | Property | 1 | Prime Storage Danbury West | ||||||||||||
22.25 | Property | 1 | Prime Storage Scarborough | ||||||||||||
22.26 | Property | 1 | Prime Storage Baltimore | ||||||||||||
22.27 | Property | 1 | Prime Storage Farmingdale | ||||||||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | ||||||||||||
22.29 | Property | 1 | Prime Storage Glenville | ||||||||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | ||||||||||||
22.31 | Property | 1 | Prime Storage Acworth North | ||||||||||||
22.32 | Property | 1 | Prime Storage Rock Hill | ||||||||||||
22.33 | Property | 1 | Prime Storage Simpsonville | ||||||||||||
22.34 | Property | 1 | Prime Storage Acworth East | ||||||||||||
22.35 | Property | 1 | Prime Storage Saco | ||||||||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | ||||||||||||
22.37 | Property | 1 | Prime Storage Green Island | ||||||||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | ||||||||||||
22.39 | Property | 1 | Prime Storage Marietta | ||||||||||||
22.40 | Property | 1 | Prime Storage Midland | ||||||||||||
22.41 | Property | 1 | Prime Storage Lansing | ||||||||||||
22.42 | Property | 1 | Prime Storage Acworth West | ||||||||||||
22.43 | Property | 1 | Prime Storage Boardman | ||||||||||||
22.44 | Property | 1 | Prime Storage North Miami | ||||||||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | ||||||||||||
23 | Loan | 1 | Eden Apartments | 3,163 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,672 | 0 | 0 | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | Springing | 619,992 | 4,068,135 | 0 | 0 | 0 | 0 | 0 | 0 | 743,644 | Springing |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | 2,393 | 57,432 | 0 | 0 | 0 | 0 | 0 | 0 | 550,000 | 0 | 0 |
25.01 | Property | 1 | 8015 Geyer Springs Road | ||||||||||||
25.02 | Property | 1 | 6100 Leon Circle | ||||||||||||
26 | Loan | 1 | Mini U Storage - Tomball | 682 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
27 | Loan | 1 | Marco MHC | 260 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-11 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
20 | |||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 0 | NAP | |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | Landlord Obligation Reserve ($13,479,707.20), Free Rent Reserve ($5,685,543.94) | 0 | NAP |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Gap Rent Reserve | 0 | NAP |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | Earn-out Reserve | 0 | 8,000,000 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 0 | NAP | |
5.01 | Property | 1 | Romulus - Huron | ||||
5.02 | Property | 1 | Warren Perkins Jones | ||||
5.03 | Property | 1 | Cleveland American Industrial | ||||
5.04 | Property | 1 | Cleveland American Office | ||||
5.05 | Property | 1 | Miles North Randall | ||||
5.06 | Property | 1 | Invacare | ||||
5.07 | Property | 1 | Stop Eight Vandalia | ||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | Lease Security Deposit Reserve | 0 | NAP |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | Gap Rent Reserve (Upfront: $267,919), Anchor Tenant Reserve (Monthly: Springing) | 0 | NAP |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 0 | NAP | |
8.01 | Property | 1 | 2410-2418 Broadway | ||||
8.02 | Property | 1 | 245 West 51st Street | ||||
8.03 | Property | 1 | 324-326 West 84th Street | ||||
8.04 | Property | 1 | 107 West 68th Street | ||||
8.05 | Property | 1 | 1443-1447 York Avenue | ||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | Condominium Common Charge (Upfront: $69,181.48; Monthly Springing), PIP Reserve (Monthly: Springing) | 0 | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | Outstanding TI/LC Reserve ($21,283,070), Free Rent Reserve ($9,854,159) | 0 | NAP |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | Sea Wall Repair Reserve ($25,000,000), Unfunded Obligations Reserve ($14,195,734), Elevator Modernization Reserve ($1,418,585.35) | 0 | NAP |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | Outstanding TI/LC Reserve (Upfront: $1,053,949.92), Municipal Authority TI/LC Reserve (Monthly: $32,768.23), Free Rent Holdback Reserve (Upfront: $112,988.83) | 0 | NAP |
13 | Loan | 20 | 1 | 107 Tom Starling Road | Unfunded LL Work | 0 | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | Gap Rent Reserve (Upfront: $1,506,022), Ground Rent Reserve (Monthly: Springing) | 0 | NAP |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | Outstanding TI/LC Reserve ($10,303,667), Free Rent Reserve ($185,778.77) | 0 | NAP |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | 0 | NAP | |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | ||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | ||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | Outstanding TI/LC Reserve ($4,317,292), Rent Concessions Reserve ($1,081,946) | 0 | NAP |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | Mana TI Reserve (Upfront: $1,000,000), SWM Reserve (Monthly: Springing) | 0 | NAP |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | Amended CO Reserve | 0 | NAP |
19.01 | Property | 1 | Sweet Sam's Factory | ||||
19.02 | Property | 1 | 15 East 76th Street | ||||
19.03 | Property | 1 | 523B East 85th Street | ||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | Amortized TI Reserve (Upfront: $1,080,606.72), Ground Rent Reserve (Monthly: Springing) | 0 | NAP |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | Condominium Assessment Reserve | 12,100 | NAP |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | ||||
21.02 | Property | 1 | 260 West 87th Street | ||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | NAP | 0 | NAP |
22.01 | Property | 1 | Prime Storage Bridgehampton | ||||
22.02 | Property | 1 | Prime Storage Bohemia | ||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | ||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | ||||
22.05 | Property | 1 | Prime Storage West Palm Beach | ||||
22.06 | Property | 1 | Prime Storage Snellville | ||||
22.07 | Property | 1 | Prime Storage Shallotte | ||||
22.08 | Property | 1 | Prime Storage Danbury East | ||||
22.09 | Property | 1 | Prime Storage Dallas | ||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | ||||
22.11 | Property | 1 | Prime Storage Mesa | ||||
22.12 | Property | 1 | Prime Storage Warren | ||||
22.13 | Property | 1 | Prime Storage Portsmouth | ||||
22.14 | Property | 1 | Prime Storage Bolivia | ||||
22.15 | Property | 1 | Prime Storage Charlottesville | ||||
22.16 | Property | 1 | Prime Storage Clifton | ||||
22.17 | Property | 1 | Prime Storage Centereach | ||||
22.18 | Property | 1 | Prime Storage Marietta North | ||||
22.19 | Property | 1 | Prime Storage Hardeeville | ||||
22.20 | Property | 1 | Prime Storage Summerville | ||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | ||||
22.22 | Property | 1 | Prime Storage Marietta South | ||||
22.23 | Property | 1 | Prime Storage Cartersville | ||||
22.24 | Property | 1 | Prime Storage Danbury West | ||||
22.25 | Property | 1 | Prime Storage Scarborough | ||||
22.26 | Property | 1 | Prime Storage Baltimore | ||||
22.27 | Property | 1 | Prime Storage Farmingdale | ||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | ||||
22.29 | Property | 1 | Prime Storage Glenville | ||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | ||||
22.31 | Property | 1 | Prime Storage Acworth North | ||||
22.32 | Property | 1 | Prime Storage Rock Hill | ||||
22.33 | Property | 1 | Prime Storage Simpsonville | ||||
22.34 | Property | 1 | Prime Storage Acworth East | ||||
22.35 | Property | 1 | Prime Storage Saco | ||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | ||||
22.37 | Property | 1 | Prime Storage Green Island | ||||
22.38 | Property | 1 | Prime Storage North Fort Myers | ||||
22.39 | Property | 1 | Prime Storage Marietta | ||||
22.40 | Property | 1 | Prime Storage Midland | ||||
22.41 | Property | 1 | Prime Storage Lansing | ||||
22.42 | Property | 1 | Prime Storage Acworth West | ||||
22.43 | Property | 1 | Prime Storage Boardman | ||||
22.44 | Property | 1 | Prime Storage North Miami | ||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | ||||
23 | Loan | 1 | Eden Apartments | 0 | NAP | ||
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | Gap Rent Reserve (Upfront: $743,643.75), Rollover Reserve (Monthly: Springing) | 2,043,342 | NAP |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | NAP | 0 | NAP |
25.01 | Property | 1 | 8015 Geyer Springs Road | ||||
25.02 | Property | 1 | 6100 Leon Circle | ||||
26 | Loan | 1 | Mini U Storage - Tomball | 0 | NAP | ||
27 | Loan | 1 | Marco MHC | 0 | NAP |
A-12 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description |
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | NAP |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | NAP |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | NAP |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | No disbursement of the Earnout Reserve Funds shall be requested by Borrower or disbursed by Lender prior to the earlier to occur of (i) September 5, 2023 and (ii) the final Securitization involving the Loan, and (y) no Earnout Reserve Funds may be requested by Borrower or will be disbursed by Lender after the Earnout Reserve Expiration Date and any Earnout Reserve Funds on deposit in the Earnout Reserve Subaccount as of the Earnout Reserve Expiration Date will be held as additional collateral for the Loan. |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | NAP |
5.01 | Property | 1 | Romulus - Huron | ||
5.02 | Property | 1 | Warren Perkins Jones | ||
5.03 | Property | 1 | Cleveland American Industrial | ||
5.04 | Property | 1 | Cleveland American Office | ||
5.05 | Property | 1 | Miles North Randall | ||
5.06 | Property | 1 | Invacare | ||
5.07 | Property | 1 | Stop Eight Vandalia | ||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | NAP |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | NAP |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | NAP |
8.01 | Property | 1 | 2410-2418 Broadway | ||
8.02 | Property | 1 | 245 West 51st Street | ||
8.03 | Property | 1 | 324-326 West 84th Street | ||
8.04 | Property | 1 | 107 West 68th Street | ||
8.05 | Property | 1 | 1443-1447 York Avenue | ||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | NAP |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | NAP |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | NAP |
13 | Loan | 20 | 1 | 107 Tom Starling Road | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | NAP |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | NAP |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | NAP |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | ||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | ||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | NAP |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | NAP |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | NAP |
19.01 | Property | 1 | Sweet Sam's Factory | ||
19.02 | Property | 1 | 15 East 76th Street | ||
19.03 | Property | 1 | 523B East 85th Street | ||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | NAP |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | ||
21.02 | Property | 1 | 260 West 87th Street | ||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | NAP |
22.01 | Property | 1 | Prime Storage Bridgehampton | ||
22.02 | Property | 1 | Prime Storage Bohemia | ||
22.03 | Property | 1 | Prime Storage Westhampton Beach | ||
22.04 | Property | 1 | Prime Storage Queens Jamaica | ||
22.05 | Property | 1 | Prime Storage West Palm Beach | ||
22.06 | Property | 1 | Prime Storage Snellville | ||
22.07 | Property | 1 | Prime Storage Shallotte | ||
22.08 | Property | 1 | Prime Storage Danbury East | ||
22.09 | Property | 1 | Prime Storage Dallas | ||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | ||
22.11 | Property | 1 | Prime Storage Mesa | ||
22.12 | Property | 1 | Prime Storage Warren | ||
22.13 | Property | 1 | Prime Storage Portsmouth | ||
22.14 | Property | 1 | Prime Storage Bolivia | ||
22.15 | Property | 1 | Prime Storage Charlottesville | ||
22.16 | Property | 1 | Prime Storage Clifton | ||
22.17 | Property | 1 | Prime Storage Centereach | ||
22.18 | Property | 1 | Prime Storage Marietta North | ||
22.19 | Property | 1 | Prime Storage Hardeeville | ||
22.20 | Property | 1 | Prime Storage Summerville | ||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | ||
22.22 | Property | 1 | Prime Storage Marietta South | ||
22.23 | Property | 1 | Prime Storage Cartersville | ||
22.24 | Property | 1 | Prime Storage Danbury West | ||
22.25 | Property | 1 | Prime Storage Scarborough | ||
22.26 | Property | 1 | Prime Storage Baltimore | ||
22.27 | Property | 1 | Prime Storage Farmingdale | ||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | ||
22.29 | Property | 1 | Prime Storage Glenville | ||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | ||
22.31 | Property | 1 | Prime Storage Acworth North | ||
22.32 | Property | 1 | Prime Storage Rock Hill | ||
22.33 | Property | 1 | Prime Storage Simpsonville | ||
22.34 | Property | 1 | Prime Storage Acworth East | ||
22.35 | Property | 1 | Prime Storage Saco | ||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | ||
22.37 | Property | 1 | Prime Storage Green Island | ||
22.38 | Property | 1 | Prime Storage North Fort Myers | ||
22.39 | Property | 1 | Prime Storage Marietta | ||
22.40 | Property | 1 | Prime Storage Midland | ||
22.41 | Property | 1 | Prime Storage Lansing | ||
22.42 | Property | 1 | Prime Storage Acworth West | ||
22.43 | Property | 1 | Prime Storage Boardman | ||
22.44 | Property | 1 | Prime Storage North Miami | ||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | ||
23 | Loan | 1 | Eden Apartments | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | NAP |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | NAP |
25.01 | Property | 1 | 8015 Geyer Springs Road | ||
25.02 | Property | 1 | 6100 Leon Circle | ||
26 | Loan | 1 | Mini U Storage - Tomball | NAP | |
27 | Loan | 1 | Marco MHC | NAP |
A-13 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
26 | 26 | 9 | 9 | |||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | Hard | Springing | Yes | No | Yes | Yes | 62,500,000 | 100,000,000 | 580,704.86 | 943,645.40 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | Hard | Springing | Yes | Yes | Yes | No | 62,500,000 | 211,500,000 | 1,329,512.50 | 1,722,394.44 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Hard | Springing | Yes | Yes | Yes | No | 62,500,000 | 117,500,000 | 824,293.78 | 1,262,747.92 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | Hard | Springing | Yes | Yes | Yes | No | 52,800,000 | 127,200,000 | 789,920.84 | 1,117,812.51 |
5.01 | Property | 1 | Romulus - Huron | |||||||||||
5.02 | Property | 1 | Warren Perkins Jones | |||||||||||
5.03 | Property | 1 | Cleveland American Industrial | |||||||||||
5.04 | Property | 1 | Cleveland American Office | |||||||||||
5.05 | Property | 1 | Miles North Randall | |||||||||||
5.06 | Property | 1 | Invacare | |||||||||||
5.07 | Property | 1 | Stop Eight Vandalia | |||||||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | Springing | Springing | Yes | Yes | Yes | Yes | 52,000,000 | 18,000,000 | 123,522.08 | 480,363.66 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | Hard | Springing | Yes | No | Yes | No | 52,000,000 | 128,000,000 | 851,125.92 | 1,196,895.83 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | Soft (Residential); Hard (Commercial) | Springing | Yes | Yes | Yes | Yes | 41,000,000 | 13,000,000 | 45,996.07 | 191,060.60 |
8.01 | Property | 1 | 2410-2418 Broadway | |||||||||||
8.02 | Property | 1 | 245 West 51st Street | |||||||||||
8.03 | Property | 1 | 324-326 West 84th Street | |||||||||||
8.04 | Property | 1 | 107 West 68th Street | |||||||||||
8.05 | Property | 1 | 1443-1447 York Avenue | |||||||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | Hard | Springing | Yes | Yes | Yes | No | 30,000,000 | 445,000,000 | 2,367,945.94 | 2,527,582.75 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | Hard | Springing | Yes | No | Yes | No | 30,000,000 | 195,000,000 | 962,180.55 | 1,110,208.33 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | Hard | In Place | Yes | Yes | Yes | Yes | 27,000,000 | 23,000,000 | 149,341.61 | 324,655.67 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | Hard | Springing | Yes | Yes | Yes | No | 22,500,000 | 67,500,000 | 463,093.75 | 617,458.33 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | Hard | Springing | Yes | Yes | Yes | No | 20,000,000 | 152,000,000 | 979,889.82 | 1,108,822.69 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | Springing | Springing | Yes | Yes | No | No | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | |||||||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | |||||||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | Hard | Springing | Yes | Yes | Yes | Yes | 17,592,102 | 9,995,512 | 73,375.76 | 202,517.10 |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | Hard | Springing | Yes | Yes | Yes | No | 17,000,000 | 30,000,000 | 165,922.92 | 259,945.90 |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | Soft | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | 1 | Sweet Sam's Factory | |||||||||||
19.02 | Property | 1 | 15 East 76th Street | |||||||||||
19.03 | Property | 1 | 523B East 85th Street | |||||||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | Hard | In Place | Yes | Yes | Yes | No | 14,000,000 | 15,000,000 | 68,184.02 | 131,822.45 |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | Hard | In Place | Yes | Yes | Yes | No | 10,000,000 | 34,000,000 | 227,229.39 | 294,061.57 |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | |||||||||||
21.02 | Property | 1 | 260 West 87th Street | |||||||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | Soft | Springing | Yes | No | Yes | No | 10,000,000 | 395,870,000 | 2,137,285.64 | 2,191,275.22 |
22.01 | Property | 1 | Prime Storage Bridgehampton | |||||||||||
22.02 | Property | 1 | Prime Storage Bohemia | |||||||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | |||||||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | |||||||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | |||||||||||
22.06 | Property | 1 | Prime Storage Snellville | |||||||||||
22.07 | Property | 1 | Prime Storage Shallotte | |||||||||||
22.08 | Property | 1 | Prime Storage Danbury East | |||||||||||
22.09 | Property | 1 | Prime Storage Dallas | |||||||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | |||||||||||
22.11 | Property | 1 | Prime Storage Mesa | |||||||||||
22.12 | Property | 1 | Prime Storage Warren | |||||||||||
22.13 | Property | 1 | Prime Storage Portsmouth | |||||||||||
22.14 | Property | 1 | Prime Storage Bolivia | |||||||||||
22.15 | Property | 1 | Prime Storage Charlottesville | |||||||||||
22.16 | Property | 1 | Prime Storage Clifton | |||||||||||
22.17 | Property | 1 | Prime Storage Centereach | |||||||||||
22.18 | Property | 1 | Prime Storage Marietta North | |||||||||||
22.19 | Property | 1 | Prime Storage Hardeeville | |||||||||||
22.20 | Property | 1 | Prime Storage Summerville | |||||||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | |||||||||||
22.22 | Property | 1 | Prime Storage Marietta South | |||||||||||
22.23 | Property | 1 | Prime Storage Cartersville | |||||||||||
22.24 | Property | 1 | Prime Storage Danbury West | |||||||||||
22.25 | Property | 1 | Prime Storage Scarborough | |||||||||||
22.26 | Property | 1 | Prime Storage Baltimore | |||||||||||
22.27 | Property | 1 | Prime Storage Farmingdale | |||||||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | |||||||||||
22.29 | Property | 1 | Prime Storage Glenville | |||||||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | |||||||||||
22.31 | Property | 1 | Prime Storage Acworth North | |||||||||||
22.32 | Property | 1 | Prime Storage Rock Hill | |||||||||||
22.33 | Property | 1 | Prime Storage Simpsonville | |||||||||||
22.34 | Property | 1 | Prime Storage Acworth East | |||||||||||
22.35 | Property | 1 | Prime Storage Saco | |||||||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | |||||||||||
22.37 | Property | 1 | Prime Storage Green Island | |||||||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | |||||||||||
22.39 | Property | 1 | Prime Storage Marietta | |||||||||||
22.40 | Property | 1 | Prime Storage Midland | |||||||||||
22.41 | Property | 1 | Prime Storage Lansing | |||||||||||
22.42 | Property | 1 | Prime Storage Acworth West | |||||||||||
22.43 | Property | 1 | Prime Storage Boardman | |||||||||||
22.44 | Property | 1 | Prime Storage North Miami | |||||||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | |||||||||||
23 | Loan | 1 | Eden Apartments | Springing | Springing | Yes | No | No | No | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | Hard | Springing | Yes | Yes | Yes | No | 5,500,000 | 364,500,000 | 1,816,707.65 | 1,844,120.25 |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
25.01 | Property | 1 | 8015 Geyer Springs Road | |||||||||||
25.02 | Property | 1 | 6100 Leon Circle | |||||||||||
26 | Loan | 1 | Mini U Storage - Tomball | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 1 | Marco MHC | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
A-14 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) |
9 | 13 | 9 | ||||||||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | NAP | NAP | 162,500,000 | 943,645.40 | 59.9% | 1.21 | 8.5% | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | NAP | NAP | 274,000,000 | 1,722,394.44 | 49.4% | 1.39 | 11.6% | 56,000,000 | 14.00000% | 330,000,000 | 2,384,801.85 | 59.5% |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | NAP | NAP | 180,000,000 | 1,262,747.92 | 47.6% | 1.61 | 14.3% | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | NAP | NAP | 180,000,000 | 1,117,812.51 | 58.5% | 1.39 | 10.7% | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | 1 | Romulus - Huron | |||||||||||||
5.02 | Property | 1 | Warren Perkins Jones | |||||||||||||
5.03 | Property | 1 | Cleveland American Industrial | |||||||||||||
5.04 | Property | 1 | Cleveland American Office | |||||||||||||
5.05 | Property | 1 | Miles North Randall | |||||||||||||
5.06 | Property | 1 | Invacare | |||||||||||||
5.07 | Property | 1 | Stop Eight Vandalia | |||||||||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | NAP | NAP | 70,000,000 | 480,363.66 | 43.4% | 1.33 | 11.2% | 10,000,000 | 10.25000% | 80,000,000 | 566,966.67 | 49.6% |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | NAP | NAP | 180,000,000 | 1,196,895.83 | 48.9% | 1.66 | 13.8% | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | NAP | NAP | 54,000,000 | 191,060.60 | 39.2% | 2.88 | 12.3% | 41,000,000 | 9.19800% | 95,000,000 | 509,690.39 | 69.0% |
8.01 | Property | 1 | 2410-2418 Broadway | |||||||||||||
8.02 | Property | 1 | 245 West 51st Street | |||||||||||||
8.03 | Property | 1 | 324-326 West 84th Street | |||||||||||||
8.04 | Property | 1 | 107 West 68th Street | |||||||||||||
8.05 | Property | 1 | 1443-1447 York Avenue | |||||||||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 65,000,000 | 8.20000% | 540,000,000 | 2,977,918.80 | 38.3% | 2.16 | 14.3% | 40,000,000 | 10.12500% | 580,000,000 | 3,320,105.90 | 41.1% |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | NAP | NAP | 225,000,000 | 1,110,208.33 | 56.8% | 2.36 | 14.7% | 55,000,000 | 10.50000% | 280,000,000 | 1,598,142.36 | 70.7% |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | NAP | NAP | 50,000,000 | 324,655.67 | 53.9% | 1.65 | 13.5% | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 20 | 1 | 107 Tom Starling Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | NAP | NAP | 90,000,000 | 617,458.33 | 58.8% | 1.50 | 13.3% | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | NAP | NAP | 172,000,000 | 1,108,822.69 | 33.0% | 1.54 | 12.7% | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | |||||||||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | |||||||||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | NAP | NAP | 27,587,614 | 202,517.10 | 68.6% | 1.40 | 12.6% | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | NAP | NAP | 47,000,000 | 259,945.90 | 61.8% | 1.70 | 11.9% | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | 1 | Sweet Sam's Factory | |||||||||||||
19.02 | Property | 1 | 15 East 76th Street | |||||||||||||
19.03 | Property | 1 | 523B East 85th Street | |||||||||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP | NAP | 29,000,000 | 131,822.45 | 68.2% | 2.04 | 11.5% | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | NAP | NAP | 44,000,000 | 294,061.57 | 61.0% | 1.35 | 10.9% | NAP | NAP | NAP | NAP | NAP |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | |||||||||||||
21.02 | Property | 1 | 260 West 87th Street | |||||||||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 64,130,000 | 6.39000% | 470,000,000 | 2,537,510.42 | 59.4% | 1.44 | 9.5% | 120,000,000 | 9.87500% | 590,000,000 | 3,538,725.70 | 74.6% |
22.01 | Property | 1 | Prime Storage Bridgehampton | |||||||||||||
22.02 | Property | 1 | Prime Storage Bohemia | |||||||||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | |||||||||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | |||||||||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | |||||||||||||
22.06 | Property | 1 | Prime Storage Snellville | |||||||||||||
22.07 | Property | 1 | Prime Storage Shallotte | |||||||||||||
22.08 | Property | 1 | Prime Storage Danbury East | |||||||||||||
22.09 | Property | 1 | Prime Storage Dallas | |||||||||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | |||||||||||||
22.11 | Property | 1 | Prime Storage Mesa | |||||||||||||
22.12 | Property | 1 | Prime Storage Warren | |||||||||||||
22.13 | Property | 1 | Prime Storage Portsmouth | |||||||||||||
22.14 | Property | 1 | Prime Storage Bolivia | |||||||||||||
22.15 | Property | 1 | Prime Storage Charlottesville | |||||||||||||
22.16 | Property | 1 | Prime Storage Clifton | |||||||||||||
22.17 | Property | 1 | Prime Storage Centereach | |||||||||||||
22.18 | Property | 1 | Prime Storage Marietta North | |||||||||||||
22.19 | Property | 1 | Prime Storage Hardeeville | |||||||||||||
22.20 | Property | 1 | Prime Storage Summerville | |||||||||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | |||||||||||||
22.22 | Property | 1 | Prime Storage Marietta South | |||||||||||||
22.23 | Property | 1 | Prime Storage Cartersville | |||||||||||||
22.24 | Property | 1 | Prime Storage Danbury West | |||||||||||||
22.25 | Property | 1 | Prime Storage Scarborough | |||||||||||||
22.26 | Property | 1 | Prime Storage Baltimore | |||||||||||||
22.27 | Property | 1 | Prime Storage Farmingdale | |||||||||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | |||||||||||||
22.29 | Property | 1 | Prime Storage Glenville | |||||||||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | |||||||||||||
22.31 | Property | 1 | Prime Storage Acworth North | |||||||||||||
22.32 | Property | 1 | Prime Storage Rock Hill | |||||||||||||
22.33 | Property | 1 | Prime Storage Simpsonville | |||||||||||||
22.34 | Property | 1 | Prime Storage Acworth East | |||||||||||||
22.35 | Property | 1 | Prime Storage Saco | |||||||||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | |||||||||||||
22.37 | Property | 1 | Prime Storage Green Island | |||||||||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | |||||||||||||
22.39 | Property | 1 | Prime Storage Marietta | |||||||||||||
22.40 | Property | 1 | Prime Storage Midland | |||||||||||||
22.41 | Property | 1 | Prime Storage Lansing | |||||||||||||
22.42 | Property | 1 | Prime Storage Acworth West | |||||||||||||
22.43 | Property | 1 | Prime Storage Boardman | |||||||||||||
22.44 | Property | 1 | Prime Storage North Miami | |||||||||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | |||||||||||||
23 | Loan | 1 | Eden Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | NAP | NAP | 370,000,000 | 1,844,120.25 | 54.5% | 2.10 | 13.0% | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25.01 | Property | 1 | 8015 Geyer Springs Road | |||||||||||||
25.02 | Property | 1 | 6100 Leon Circle | |||||||||||||
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 1 | Marco MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-15 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor |
13 | 13 | 13 | |||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | NAP | NAP | No | NAP | The Related Companies, L.P. |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 1 | 9.6% | No | NAP | Tishman Speyer Properties, L.P. and Silverstein Properties, LLC |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | NAP | NAP | No | NAP | Forest City Realty Trust, LLC, MJGT Associates, LLC, and Queensland Investment Corporation |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | No | NAP | Barry J. Bertram and John L. DiMarco, Sr. |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | NAP | NAP | No | NAP | Industrial Commercial Properties and Industrial Realty Group |
5.01 | Property | 1 | Romulus - Huron | ||||||
5.02 | Property | 1 | Warren Perkins Jones | ||||||
5.03 | Property | 1 | Cleveland American Industrial | ||||||
5.04 | Property | 1 | Cleveland American Office | ||||||
5.05 | Property | 1 | Miles North Randall | ||||||
5.06 | Property | 1 | Invacare | ||||||
5.07 | Property | 1 | Stop Eight Vandalia | ||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 1.13 | 9.8% | No | NAP | Moshe Kupferstein, Devi Alfaks, Edward Alfaks, Morris Alfaks, Dib Chaaya and Salim Mann |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | NAP | NAP | No | NAP | BPR Nimbus LLC |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 1.08 | 7.0% | No | NAP | Robert Gilardian and Albert Gilardian |
8.01 | Property | 1 | 2410-2418 Broadway | ||||||
8.02 | Property | 1 | 245 West 51st Street | ||||||
8.03 | Property | 1 | 324-326 West 84th Street | ||||||
8.04 | Property | 1 | 107 West 68th Street | ||||||
8.05 | Property | 1 | 1443-1447 York Avenue | ||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | NAP | NAP | No | NAP | George Xu |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 1.94 | 13.4% | No | NAP | JPMorgan Chase Bank, N.A., J.P. Morgan Investment Management Inc., OMERS Administration Corporation, and OPG Investment Holdings (US), LLC |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 1.64 | 11.8% | Yes | Future Mezzanine Loan | Mark Karasick and Michael Silberberg |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | NAP | NAP | No | NAP | Abraham Leser, Robert Schachter and Harry Gold |
13 | Loan | 20 | 1 | 107 Tom Starling Road | NAP | NAP | No | NAP | Alexander Dembitzer |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | NAP | NAP | No | NAP | BPR Nimbus LLC |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | NAP | NAP | Yes | Future Mezzanine Loan | AEW CPT REIT, LLC, AEW Core Property (U.S.), L.P., Brookfield Office Properties Inc. and Brookfield Property Partners, L.P. |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | NAP | NAP | No | NAP | Jaisree Nallapaty |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | ||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | ||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | NAP | NAP | No | NAP | Hertz Realty Operating Partnership, LP |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | NAP | NAP | No | NAP | Moishe Mana |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | NAP | NAP | No | NAP | David Grogan |
19.01 | Property | 1 | Sweet Sam's Factory | ||||||
19.02 | Property | 1 | 15 East 76th Street | ||||||
19.03 | Property | 1 | 523B East 85th Street | ||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP | NAP | No | NAP | DRA Growth and Income Master Fund X-A, LLC and Manageco X, LLC |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | NAP | NAP | No | NAP | Aaron Katz |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | ||||||
21.02 | Property | 1 | 260 West 87th Street | ||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | 1.03 | 7.5% | No | NAP | Robert J. Moser |
22.01 | Property | 1 | Prime Storage Bridgehampton | ||||||
22.02 | Property | 1 | Prime Storage Bohemia | ||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | ||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | ||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | ||||||
22.06 | Property | 1 | Prime Storage Snellville | ||||||
22.07 | Property | 1 | Prime Storage Shallotte | ||||||
22.08 | Property | 1 | Prime Storage Danbury East | ||||||
22.09 | Property | 1 | Prime Storage Dallas | ||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | ||||||
22.11 | Property | 1 | Prime Storage Mesa | ||||||
22.12 | Property | 1 | Prime Storage Warren | ||||||
22.13 | Property | 1 | Prime Storage Portsmouth | ||||||
22.14 | Property | 1 | Prime Storage Bolivia | ||||||
22.15 | Property | 1 | Prime Storage Charlottesville | ||||||
22.16 | Property | 1 | Prime Storage Clifton | ||||||
22.17 | Property | 1 | Prime Storage Centereach | ||||||
22.18 | Property | 1 | Prime Storage Marietta North | ||||||
22.19 | Property | 1 | Prime Storage Hardeeville | ||||||
22.20 | Property | 1 | Prime Storage Summerville | ||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | ||||||
22.22 | Property | 1 | Prime Storage Marietta South | ||||||
22.23 | Property | 1 | Prime Storage Cartersville | ||||||
22.24 | Property | 1 | Prime Storage Danbury West | ||||||
22.25 | Property | 1 | Prime Storage Scarborough | ||||||
22.26 | Property | 1 | Prime Storage Baltimore | ||||||
22.27 | Property | 1 | Prime Storage Farmingdale | ||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | ||||||
22.29 | Property | 1 | Prime Storage Glenville | ||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | ||||||
22.31 | Property | 1 | Prime Storage Acworth North | ||||||
22.32 | Property | 1 | Prime Storage Rock Hill | ||||||
22.33 | Property | 1 | Prime Storage Simpsonville | ||||||
22.34 | Property | 1 | Prime Storage Acworth East | ||||||
22.35 | Property | 1 | Prime Storage Saco | ||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | ||||||
22.37 | Property | 1 | Prime Storage Green Island | ||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | ||||||
22.39 | Property | 1 | Prime Storage Marietta | ||||||
22.40 | Property | 1 | Prime Storage Midland | ||||||
22.41 | Property | 1 | Prime Storage Lansing | ||||||
22.42 | Property | 1 | Prime Storage Acworth West | ||||||
22.43 | Property | 1 | Prime Storage Boardman | ||||||
22.44 | Property | 1 | Prime Storage North Miami | ||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | ||||||
23 | Loan | 1 | Eden Apartments | NAP | NAP | No | NAP | Michael Eisner and Steven Weinstock | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | NAP | NAP | No | NAP | The Macerich Partnership, L.P. |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | NAP | NAP | No | NAP | Jacob Ramage |
25.01 | Property | 1 | 8015 Geyer Springs Road | ||||||
25.02 | Property | 1 | 6100 Leon Circle | ||||||
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | No | NAP | Elevation Fund 8, LLC | |
27 | Loan | 1 | Marco MHC | NAP | NAP | No | NAP | Valentino Marcoccia |
A-16 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) |
24 | 33 | 29 | |||||||||
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | The Related Companies, L.P. | No | No | Refinance | No | 162,500,000 | 4,938,409 |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 11 West 42 Realty Investors, L.L.C. | No | No | Refinance | No | 274,000,000 | 13,988,916 |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | Forest City Realty Trust LLC | No | No | Refinance | No | 180,000,000 | 320,557 |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | Barry J. Bertram and John L. DiMarco, Sr. | No | No | Refinance | Yes | 58,000,000 | 0 |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | Holdings Ohio, LLC and Christopher Semarjian | No | Yes | Refinance | 180,000,000 | 0 | |
5.01 | Property | 1 | Romulus - Huron | No | |||||||
5.02 | Property | 1 | Warren Perkins Jones | No | |||||||
5.03 | Property | 1 | Cleveland American Industrial | No | |||||||
5.04 | Property | 1 | Cleveland American Office | No | |||||||
5.05 | Property | 1 | Miles North Randall | No | |||||||
5.06 | Property | 1 | Invacare | No | |||||||
5.07 | Property | 1 | Stop Eight Vandalia | No | |||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | Moshe Kupferstein, Devi Alfaks, Edward Alfaks, Morris Alfaks, Dib Chaaya and Salim Mann | No | No | Acquisition | No | 70,000,000 | 926,795 |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | BPR Nimbus LLC | No | No | Refinance | No | 180,000,000 | 0 |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | Robert Gilardian and Albert Gilardian | No | No | Refinance | 54,000,000 | 0 | |
8.01 | Property | 1 | 2410-2418 Broadway | No | |||||||
8.02 | Property | 1 | 245 West 51st Street | No | |||||||
8.03 | Property | 1 | 324-326 West 84th Street | No | |||||||
8.04 | Property | 1 | 107 West 68th Street | No | |||||||
8.05 | Property | 1 | 1443-1447 York Avenue | No | |||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | George Xu | No | No | Refinance | Yes | 40,100,000 | 0 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | OPG Investment Holdings (US), LLC | No | No | Refinance | No | 475,000,000 | 41,583,604 |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | Mark Karasick and Michael Silberberg | No | Yes | Acquisition | No | 225,000,000 | 119,820,041 |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | Abraham Leser, Robert Schachter and Harry Gold | No | Yes | Refinance | No | 50,000,000 | 1,654,120 |
13 | Loan | 20 | 1 | 107 Tom Starling Road | Alexander Dembitzer | No | No | Refinance | No | 26,000,000 | 0 |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | BPR Nimbus LLC | No | No | Refinance | No | 90,000,000 | 0 |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | Brookfield Properties Investor LLC | No | No | Refinance | No | 172,000,000 | 5,793,688 |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | Jaisree Nallapaty | No | No | Acquisition/Refinance | |||
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | No | |||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | Yes | |||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | Hertz Realty Operating Partnership, LP | No | No | Refinance | No | ||
18 | Loan | 4, 19, 22 | 1 | Museum Tower | Moishe Mana | No | No | Acquisition | No | ||
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | David Grogan | No | No | Refinance | |||
19.01 | Property | 1 | Sweet Sam's Factory | No | |||||||
19.02 | Property | 1 | 15 East 76th Street | No | |||||||
19.03 | Property | 1 | 523B East 85th Street | No | |||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | DRA Growth and Income Master Fund X-A, LLC | No | No | Acquisition | No | ||
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | Aaron Katz | No | No | Refinance | |||
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | No | |||||||
21.02 | Property | 1 | 260 West 87th Street | No | |||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | Prime Storage Fund II, LP, Prime Storage Fund II (Cayman), LP, Prime Storage Fund II IDF, LP and Robert Moser | No | No | Recapitalization | |||
22.01 | Property | 1 | Prime Storage Bridgehampton | No | |||||||
22.02 | Property | 1 | Prime Storage Bohemia | No | |||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | No | |||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | Yes | |||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | No | |||||||
22.06 | Property | 1 | Prime Storage Snellville | No | |||||||
22.07 | Property | 1 | Prime Storage Shallotte | No | |||||||
22.08 | Property | 1 | Prime Storage Danbury East | No | |||||||
22.09 | Property | 1 | Prime Storage Dallas | No | |||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | No | |||||||
22.11 | Property | 1 | Prime Storage Mesa | No | |||||||
22.12 | Property | 1 | Prime Storage Warren | No | |||||||
22.13 | Property | 1 | Prime Storage Portsmouth | No | |||||||
22.14 | Property | 1 | Prime Storage Bolivia | No | |||||||
22.15 | Property | 1 | Prime Storage Charlottesville | No | |||||||
22.16 | Property | 1 | Prime Storage Clifton | No | |||||||
22.17 | Property | 1 | Prime Storage Centereach | No | |||||||
22.18 | Property | 1 | Prime Storage Marietta North | No | |||||||
22.19 | Property | 1 | Prime Storage Hardeeville | Yes | |||||||
22.20 | Property | 1 | Prime Storage Summerville | No | |||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | No | |||||||
22.22 | Property | 1 | Prime Storage Marietta South | No | |||||||
22.23 | Property | 1 | Prime Storage Cartersville | No | |||||||
22.24 | Property | 1 | Prime Storage Danbury West | No | |||||||
22.25 | Property | 1 | Prime Storage Scarborough | No | |||||||
22.26 | Property | 1 | Prime Storage Baltimore | No | |||||||
22.27 | Property | 1 | Prime Storage Farmingdale | No | |||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | No | |||||||
22.29 | Property | 1 | Prime Storage Glenville | No | |||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | No | |||||||
22.31 | Property | 1 | Prime Storage Acworth North | No | |||||||
22.32 | Property | 1 | Prime Storage Rock Hill | No | |||||||
22.33 | Property | 1 | Prime Storage Simpsonville | No | |||||||
22.34 | Property | 1 | Prime Storage Acworth East | No | |||||||
22.35 | Property | 1 | Prime Storage Saco | Yes | |||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | No | |||||||
22.37 | Property | 1 | Prime Storage Green Island | No | |||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | No | |||||||
22.39 | Property | 1 | Prime Storage Marietta | No | |||||||
22.40 | Property | 1 | Prime Storage Midland | No | |||||||
22.41 | Property | 1 | Prime Storage Lansing | No | |||||||
22.42 | Property | 1 | Prime Storage Acworth West | No | |||||||
22.43 | Property | 1 | Prime Storage Boardman | No | |||||||
22.44 | Property | 1 | Prime Storage North Miami | Yes | |||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | No | |||||||
23 | Loan | 1 | Eden Apartments | Michael Eisner and Steven Weinstock | No | No | Refinance | No | |||
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | The Macerich Partnership, L.P. | No | No | Refinance | No | ||
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | Jacob Ramage | No | No | Acquisition | |||
25.01 | Property | 1 | 8015 Geyer Springs Road | No | |||||||
25.02 | Property | 1 | 6100 Leon Circle | No | |||||||
26 | Loan | 1 | Mini U Storage - Tomball | Elevation Fund 8, LLC | No | No | Recapitalization | No | |||
27 | Loan | 1 | Marco MHC | Valentino Marcoccia | No | No | Refinance | No |
A-17 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) |
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | 0 | 0 | 167,438,409 | 157,685,240 | 0 | 9,753,170 | 0 | 0 | 0 | 167,438,409 | NAP | NAP | NAP |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | 56,000,000 | 0 | 343,988,916 | 301,013,950 | 0 | 13,809,715 | 29,165,251 | 0 | 0 | 343,988,916 | NAP | NAP | NAP |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | 0 | 0 | 180,320,557 | 171,903,023 | 0 | 1,536,319 | 6,881,215 | 0 | 0 | 180,320,557 | NAP | NAP | NAP |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | 0 | 0 | 58,000,000 | 40,402,225 | 0 | 1,904,803 | 27,566 | 7,665,407 | 8,000,000 | 58,000,000 | NAP | NAP | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | 0 | 0 | 180,000,000 | 132,024,335 | 0 | 9,870,791 | 4,758,679 | 33,346,195 | 0 | 180,000,000 | NAP | NAP | NAP |
5.01 | Property | 1 | Romulus - Huron | NAP | NAP | NAP | |||||||||||
5.02 | Property | 1 | Warren Perkins Jones | NAP | NAP | NAP | |||||||||||
5.03 | Property | 1 | Cleveland American Industrial | NAP | NAP | NAP | |||||||||||
5.04 | Property | 1 | Cleveland American Office | NAP | NAP | NAP | |||||||||||
5.05 | Property | 1 | Miles North Randall | NAP | NAP | NAP | |||||||||||
5.06 | Property | 1 | Invacare | NAP | NAP | NAP | |||||||||||
5.07 | Property | 1 | Stop Eight Vandalia | NAP | NAP | NAP | |||||||||||
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | 10,000,000 | 0 | 80,926,795 | 0 | 78,028,181 | 1,987,711 | 910,903 | 0 | 0 | 80,926,795 | NAP | NAP | NAP |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | 0 | 0 | 180,000,000 | 160,491,051 | 0 | 1,638,600 | 2,254,938 | 15,615,412 | 0 | 180,000,000 | NAP | NAP | NAP |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | 41,000,000 | 0 | 95,000,000 | 87,557,263 | 0 | 6,655,112 | 739,212 | 48,413 | 0 | 95,000,000 | NAP | NAP | NAP |
8.01 | Property | 1 | 2410-2418 Broadway | NAP | NAP | NAP | |||||||||||
8.02 | Property | 1 | 245 West 51st Street | NAP | NAP | NAP | |||||||||||
8.03 | Property | 1 | 324-326 West 84th Street | NAP | NAP | NAP | |||||||||||
8.04 | Property | 1 | 107 West 68th Street | NAP | NAP | NAP | |||||||||||
8.05 | Property | 1 | 1443-1447 York Avenue | NAP | NAP | NAP | |||||||||||
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 0 | 0 | 40,100,000 | 34,167,935 | 0 | 1,184,467 | 365,420 | 4,382,178 | 0 | 40,100,000 | 8/16/2041 | 185.01 | 148.91 |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | 105,000,000 | 0 | 621,583,604 | 546,966,371 | 0 | 16,756,604 | 57,860,629 | 0 | 0 | 621,583,604 | NAP | NAP | NAP |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | 74,000,000 | 49,633,468 | 468,453,509 | 0 | 377,000,000 | 26,869,593 | 64,583,916 | 0 | 0 | 468,453,509 | NAP | NAP | NAP |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | 0 | 0 | 51,654,120 | 46,244,132 | 0 | 1,303,514 | 4,106,474 | 0 | 0 | 51,654,120 | NAP | NAP | NAP |
13 | Loan | 20 | 1 | 107 Tom Starling Road | 0 | 0 | 26,000,000 | 18,585,188 | 0 | 404,505 | 224,098 | 6,786,209 | 0 | 26,000,000 | NAP | NAP | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | 0 | 0 | 90,000,000 | 70,733,847 | 0 | 2,361,300 | 13,388,948 | 3,515,904 | 0 | 90,000,000 | NAP | NAP | NAP |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | 0 | 0 | 177,793,688 | 156,217,116 | 0 | 6,087,126 | 15,489,446 | 0 | 0 | 177,793,688 | NAP | NAP | NAP |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | NAP | NAP | NAP | ||||||||||
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | NAP | NAP | NAP | |||||||||||
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | NAP | NAP | NAP | |||||||||||
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | NAP | NAP | NAP | ||||||||||
18 | Loan | 4, 19, 22 | 1 | Museum Tower | NAP | NAP | NAP | ||||||||||
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | NAP | NAP | NAP | ||||||||||
19.01 | Property | 1 | Sweet Sam's Factory | NAP | NAP | NAP | |||||||||||
19.02 | Property | 1 | 15 East 76th Street | NAP | NAP | NAP | |||||||||||
19.03 | Property | 1 | 523B East 85th Street | NAP | NAP | NAP | |||||||||||
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP | NAP | NAP | ||||||||||
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | NAP | NAP | NAP | ||||||||||
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | NAP | NAP | NAP | |||||||||||
21.02 | Property | 1 | 260 West 87th Street | NAP | NAP | NAP | |||||||||||
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | NAP | NAP | NAP | ||||||||||
22.01 | Property | 1 | Prime Storage Bridgehampton | NAP | NAP | NAP | |||||||||||
22.02 | Property | 1 | Prime Storage Bohemia | NAP | NAP | NAP | |||||||||||
22.03 | Property | 1 | Prime Storage Westhampton Beach | NAP | NAP | NAP | |||||||||||
22.04 | Property | 1 | Prime Storage Queens Jamaica | NAP | NAP | NAP | |||||||||||
22.05 | Property | 1 | Prime Storage West Palm Beach | NAP | NAP | NAP | |||||||||||
22.06 | Property | 1 | Prime Storage Snellville | NAP | NAP | NAP | |||||||||||
22.07 | Property | 1 | Prime Storage Shallotte | NAP | NAP | NAP | |||||||||||
22.08 | Property | 1 | Prime Storage Danbury East | NAP | NAP | NAP | |||||||||||
22.09 | Property | 1 | Prime Storage Dallas | NAP | NAP | NAP | |||||||||||
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | NAP | NAP | NAP | |||||||||||
22.11 | Property | 1 | Prime Storage Mesa | NAP | NAP | NAP | |||||||||||
22.12 | Property | 1 | Prime Storage Warren | NAP | NAP | NAP | |||||||||||
22.13 | Property | 1 | Prime Storage Portsmouth | NAP | NAP | NAP | |||||||||||
22.14 | Property | 1 | Prime Storage Bolivia | NAP | NAP | NAP | |||||||||||
22.15 | Property | 1 | Prime Storage Charlottesville | NAP | NAP | NAP | |||||||||||
22.16 | Property | 1 | Prime Storage Clifton | NAP | NAP | NAP | |||||||||||
22.17 | Property | 1 | Prime Storage Centereach | NAP | NAP | NAP | |||||||||||
22.18 | Property | 1 | Prime Storage Marietta North | NAP | NAP | NAP | |||||||||||
22.19 | Property | 1 | Prime Storage Hardeeville | NAP | NAP | NAP | |||||||||||
22.20 | Property | 1 | Prime Storage Summerville | NAP | NAP | NAP | |||||||||||
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | NAP | NAP | NAP | |||||||||||
22.22 | Property | 1 | Prime Storage Marietta South | NAP | NAP | NAP | |||||||||||
22.23 | Property | 1 | Prime Storage Cartersville | NAP | NAP | NAP | |||||||||||
22.24 | Property | 1 | Prime Storage Danbury West | NAP | NAP | NAP | |||||||||||
22.25 | Property | 1 | Prime Storage Scarborough | NAP | NAP | NAP | |||||||||||
22.26 | Property | 1 | Prime Storage Baltimore | NAP | NAP | NAP | |||||||||||
22.27 | Property | 1 | Prime Storage Farmingdale | NAP | NAP | NAP | |||||||||||
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | NAP | NAP | NAP | |||||||||||
22.29 | Property | 1 | Prime Storage Glenville | NAP | NAP | NAP | |||||||||||
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | NAP | NAP | NAP | |||||||||||
22.31 | Property | 1 | Prime Storage Acworth North | NAP | NAP | NAP | |||||||||||
22.32 | Property | 1 | Prime Storage Rock Hill | NAP | NAP | NAP | |||||||||||
22.33 | Property | 1 | Prime Storage Simpsonville | NAP | NAP | NAP | |||||||||||
22.34 | Property | 1 | Prime Storage Acworth East | NAP | NAP | NAP | |||||||||||
22.35 | Property | 1 | Prime Storage Saco | NAP | NAP | NAP | |||||||||||
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | NAP | NAP | NAP | |||||||||||
22.37 | Property | 1 | Prime Storage Green Island | NAP | NAP | NAP | |||||||||||
22.38 | Property | 1 | Prime Storage North Fort Myers | NAP | NAP | NAP | |||||||||||
22.39 | Property | 1 | Prime Storage Marietta | NAP | NAP | NAP | |||||||||||
22.40 | Property | 1 | Prime Storage Midland | NAP | NAP | NAP | |||||||||||
22.41 | Property | 1 | Prime Storage Lansing | NAP | NAP | NAP | |||||||||||
22.42 | Property | 1 | Prime Storage Acworth West | NAP | NAP | NAP | |||||||||||
22.43 | Property | 1 | Prime Storage Boardman | NAP | NAP | NAP | |||||||||||
22.44 | Property | 1 | Prime Storage North Miami | NAP | NAP | NAP | |||||||||||
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | NAP | NAP | NAP | |||||||||||
23 | Loan | 1 | Eden Apartments | NAP | NAP | NAP | |||||||||||
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | NAP | NAP | NAP | ||||||||||
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | NAP | NAP | NAP | ||||||||||
25.01 | Property | 1 | 8015 Geyer Springs Road | NAP | NAP | NAP | |||||||||||
25.02 | Property | 1 | 6100 Leon Circle | NAP | NAP | NAP | |||||||||||
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | NAP | |||||||||||
27 | Loan | 1 | Marco MHC | NAP | NAP | NAP |
A-18 |
BMO 2023 5C1
Annex A-1
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
1 | Loan | 1, 10, 12, 27 | 1 | Gateway Center South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 12, 13, 21, 23, 24 | 1 | 11 West 42nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 1, 5, 12, 18, 19, 20, 24 | 1 | Short Pump Town Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 7, 16, 26, 29 | 1 | Brookview Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 2, 6, 12, 16, 19, 20, 22, 33 | 7 | ICP/IRG Holdings Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | 1 | Romulus - Huron | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.02 | Property | 1 | Warren Perkins Jones | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.03 | Property | 1 | Cleveland American Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.04 | Property | 1 | Cleveland American Office | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.05 | Property | 1 | Miles North Randall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.06 | Property | 1 | Invacare | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5.07 | Property | 1 | Stop Eight Vandalia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6 | Loan | 2, 12, 13, 16, 19 | 1 | California High Tech Logistics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 1, 12, 23, 30 | 1 | Cumberland Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 2, 6, 12, 13 | 5 | Gilardian NYC Portfolio II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.01 | Property | 1 | 2410-2418 Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.02 | Property | 1 | 245 West 51st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.03 | Property | 1 | 324-326 West 84th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.04 | Property | 1 | 107 West 68th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.05 | Property | 1 | 1443-1447 York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 2, 17, 19, 21, 27, 29 | 1 | Four Points Flushing | 80.5% | 185.01 | 148.91 | 80.5% | 176.30 | 132.40 | 75.1% | NAP | NAP | NAP |
10 | Loan | 1, 5, 10, 12, 13, 19, 23, 30, 31 | 1 | Back Bay Office | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 1, 4, 12, 13, 20, 33 | 1 | Harborside 2-3 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 1, 4, 12, 19, 28, 33 | 1 | The Widener Building | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 20 | 1 | 107 Tom Starling Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1, 12, 17, 19, 21 | 1 | Oxmoor Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 1, 10, 12, 13, 15, 21, 30 | 1 | Heritage Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2, 6, 10, 16, 19, 29 | 2 | Cosmos Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16.01 | Property | 1 | 121 Morgan Lakes Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16.02 | Property | 1 | 6582 Peachtree Industrial Blvd | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 4, 5, 12 | 1 | Riverview Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 4, 19, 22 | 1 | Museum Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 6, 12, 16, 22 | 3 | Grogan Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19.01 | Property | 1 | Sweet Sam's Factory | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.02 | Property | 1 | 15 East 76th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19.03 | Property | 1 | 523B East 85th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 3, 5, 12, 16, 17, 19, 22 | 1 | RH HQ | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 4, 6, 12, 16, 19, 24 | 2 | Select Parking NYC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21.01 | Property | 1 | 30, 40 and 60 East 9th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21.02 | Property | 1 | 260 West 87th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 5, 6, 12, 13, 29 | 45 | Prime Storage Portfolio #3 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22.01 | Property | 1 | Prime Storage Bridgehampton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Prime Storage Bohemia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.03 | Property | 1 | Prime Storage Westhampton Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.04 | Property | 1 | Prime Storage Queens Jamaica | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.05 | Property | 1 | Prime Storage West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.06 | Property | 1 | Prime Storage Snellville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.07 | Property | 1 | Prime Storage Shallotte | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.08 | Property | 1 | Prime Storage Danbury East | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.09 | Property | 1 | Prime Storage Dallas | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.10 | Property | 1 | Prime Storage Bay Shore Pine Aire Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.11 | Property | 1 | Prime Storage Mesa | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.12 | Property | 1 | Prime Storage Warren | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.13 | Property | 1 | Prime Storage Portsmouth | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.14 | Property | 1 | Prime Storage Bolivia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.15 | Property | 1 | Prime Storage Charlottesville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.16 | Property | 1 | Prime Storage Clifton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.17 | Property | 1 | Prime Storage Centereach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.18 | Property | 1 | Prime Storage Marietta North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.19 | Property | 1 | Prime Storage Hardeeville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.20 | Property | 1 | Prime Storage Summerville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.21 | Property | 1 | Prime Storage Virginia Beach Lynnhaven Pkwy. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.22 | Property | 1 | Prime Storage Marietta South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.23 | Property | 1 | Prime Storage Cartersville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.24 | Property | 1 | Prime Storage Danbury West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.25 | Property | 1 | Prime Storage Scarborough | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.26 | Property | 1 | Prime Storage Baltimore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.27 | Property | 1 | Prime Storage Farmingdale | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.28 | Property | 1 | Prime Storage Baltimore - 3500 Wilkens Ave. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.29 | Property | 1 | Prime Storage Glenville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.30 | Property | 1 | Prime Storage Fishers Ford Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.31 | Property | 1 | Prime Storage Acworth North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.32 | Property | 1 | Prime Storage Rock Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.33 | Property | 1 | Prime Storage Simpsonville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.34 | Property | 1 | Prime Storage Acworth East | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.35 | Property | 1 | Prime Storage Saco | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.36 | Property | 1 | Prime Storage Baltimore North Point Blvd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.37 | Property | 1 | Prime Storage Green Island | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.38 | Property | 1 | Prime Storage North Fort Myers | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.39 | Property | 1 | Prime Storage Marietta | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.40 | Property | 1 | Prime Storage Midland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.41 | Property | 1 | Prime Storage Lansing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.42 | Property | 1 | Prime Storage Acworth West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.43 | Property | 1 | Prime Storage Boardman | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.44 | Property | 1 | Prime Storage North Miami | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.45 | Property | 1 | Prime Storage Greenville Butler Rd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 1 | Eden Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1, 5, 10, 12, 13, 17, 19, 20, 21, 26, 27, 30 | 1 | Green Acres | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 6, 20 | 2 | Little Rock Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25.01 | Property | 1 | 8015 Geyer Springs Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25.02 | Property | 1 | 6100 Leon Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 1 | Mini U Storage - Tomball | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 1 | Marco MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-19 |
Footnotes to Annex A-1
(1) | “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “SGFC” denotes Société Générale Financial Corporation as Mortgage Loan Seller, “3650 REIT” denotes 3650 Real Estate Investment Trust 2 LLC as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “GSMC” denotes Goldman Sachs Mortgage Company as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller and “GACC” denotes German American Capital Corporation as Mortgage Loan Seller.
With respect to Loan No. 1, Gateway Center South, the mortgage loan is part of a whole loan that was co-originated by DBR Investments Co. Limited and Wells Fargo Bank, National Association.
With respect to Loan No. 2, 11 West 42nd Street, the mortgage loan is part of a whole loan that was co-originated by Bank of America, N.A., LMF and UBS AG. Part of the mortgage loan was purchased by BMO from LMF.
With respect to Loan No. 3, Short Pump Town Center, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Bank of America, N.A.
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the mortgage loan is part of a whole loan that was co-originated by 3650 REIT and JPMorgan Chase Bank, National Association.
With respect to Loan No. 7, Cumberland Mall, the mortgage loan is part of a whole loan that was co-originated by Deutsche Bank AG, New York Branch, Morgan Stanley Bank, N.A., and BMO.
With respect to Loan No. 10, Back Bay Office, the Mortgage Loan is part of a whole loan that was co-originated by Deutsche Bank AG, New York Branch, Goldman Sachs Bank USA, Wells Fargo Bank, National Association, New York Life Insurance Company, and Teachers Insurance and Annuity Association of America.
With respect to Loan No. 11, Harborside 2-3, the mortgage loan is part of a whole loan that was co-originated by CREFI and BMO.
With respect to Loan No. 12, The Widener Building, the mortgage loan is part of a whole loan that was co-originated by BMO and SMC.
With respect to Loan No. 14, Oxmoor Center, the mortgage loan is part of a whole loan that was co-originated by Barclays Capital Real Estate Inc. and SGFC.
With respect to Loan No. 15, Heritage Plaza, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA and Morgan Stanley Bank, N.A.
With respect to Loan No. 24, 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. |
(2) | With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the portfolio of mortgaged properties is comprised of 4,318,627 square feet of industrial properties, and 344,355 square feet of office property.
With respect to Loan No. 6, California High Tech Logistics, the mortgaged property consists of a 596,090 square foot warehouse/distribution center with approximately 586,090 square feet of warehouse space and 10,000 square feet of office space.
With respect to Loan No. 8, Gilardian NYC Portfolio II, the Gilardian NYC Portfolio Properties contain 11 commercial units totaling 12,405 square feet of commercial space, which are 100% occupied by six retail tenants and five restaurants, which represent approximately 17.5% of the underwritten rental income from the properties.
With respect to Loan No. 9, Four Points Flushing, the mortgaged property is comprised of a 210-room limited service hotel, 31,893 square feet of commercial space consisting of retail, office, and event space, and a 229 space parking garage. The 31,893 square feet of retail space is not presented in Number of Units. Current Occupancy reflects the occupancy of the hotel component of the mortgaged property. The retail space is 100.0% leased as of July 11, 2023.
With respect to Loan No. 16, Cosmos Portfolio, the mortgaged properties consist of two single-tenant industrial properties totaling 256,132 square feet. The 121 Morgan Lakes Industrial Blvd mortgaged property is a 153,092 square foot warehouse/distribution facility with 151,562 square feet of warehouse space and 1,530 square feet of office space. The 6582 Peachtree Industrial Blvd mortgaged property is a 103,040 square foot warehouse/distribution facility with 95,342 square feet of warehouse space and 7,698 square feet of office space. |
A-20 |
(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. 20, RH HQ, the mortgaged property is subject to a ground lease with an expiration date of December 12, 2120. The annual ground rent under the ground lease is currently $859,464. |
(4) | In certain cases, the mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy.
For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues— Rights to Sublease” and “--Tenants Not Yet in Occupancy or in a Free Rent Period, Leases Under Negotiation and LOIs” in the prospectus.
With respect to Loan No. 11, Harborside 2-3, the Third Largest Tenant, Collectors Universe, representing approximately 8.2% of the net rentable area, is in a free rent period through November 28, 2023.
With respect to Loan No. 12, The Widener Building, at origination, $112,988.83 was deposited into a free rent holdback reserve for (i) First Judicial District of PA, the Third Largest Tenant, which is in a free rent period for the months of May 2024 and May 2025 in an amount of $64,573.33, and (ii) Weir & Partners, the Fourth Largest Tenant, which is in a free rent period for the month of September 2023 in an amount of $48,415.50.
With respect to Loan No. 17, Riverview Tower, at origination $1,081,946 was deposited into a rent concessions reserve, representing free or gap rent for (i) CGI Federal Inc., the Largest Tenant, which is in a free rent period from July 1, 2023 through December 1, 2024 in an amount of $297,624, and (ii) Lewis Thomason PC, the Second Largest Tenant, which is in a gap rent period from July 1, 2023 through November 1, 2023 in an amount of $230,683, and a free rent period from December 1, 2023 through November 1, 2024 in an amount of $553,639. Lewis Thomason PC has not yet taken occupancy but is expected to take occupancy on December 1, 2023.
With respect to Loan No, 18, Museum Tower, the Second Largest Tenant, Mana Miami Management, LLC, an affiliate of the borrower sponsor, executed a new 15-year lease that expires in April 2038. The related lease contains no outs or termination options and is personally guaranteed by the borrower sponsor. Additionally, $1.0 million was reserved at origination of the Museum Tower whole loan to be held until such time that Mana Miami Management, LLC has built out its space and commenced operations. The borrower sponsor anticipates the tenant will commence operations at the mortgaged property by the second quarter of 2024.
With respect to Loan No. 21, Select Parking NYC Portfolio, occupancy represents the in-place lease to an affiliate of the borrower.
With respect to Loan No. 21, Select Parking NYC Portfolio, based on the underwritten rent roll dated May 1, 2023, 100% of parking spaces at each property are leased to an affiliate of the borrower sponsor and non-recourse carveout guarantor (who personally guarantees the lease) pursuant to a lease dated as of May 1, 2023. The historical cashflows represent the actual parking operations as there were no leases in place in these periods.
With respect to Loan No. 21, Select Parking NYC Portfolio, the Select Parking NYC Portfolio Properties are subject to a lease with affiliates of the borrower expiring April 30, 2033. |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met.
With respect to Loan No. 3, Short Pump Town Center, the Appraised Value represents the “Hypothetical As Is” value of the mortgaged property excluding the value attributed to certain parcels which may be released by the borrower upon satisfaction of the terms and conditions in the related loan agreement. The actual As-Is value of the mortgaged property including the value attributed to such parcels is $392,000,000.
With respect to Loan No. 10, Back Bay Office, the Appraised Value ($) represents the “As Is (Extraordi-nary Assumption)” appraised value subject to the extraordinary assumption that approximately $67,600,000 has been reserved for leasing costs. Due to the time passed since the appraisal date, the leasing cost escrow amount under the loan agreement was reduced to $57,860,629. All outstanding leasing costs at the time of loan origination were reserved upfront.
With respect to Loan No. 17, Riverview Tower, the Appraised Value reflects the “As Complete” value of $40,200,000 for the mortgaged property, effective August 1, 2023, which assumes the commencement of Lewis Thomason PC's lease on August 1, 2023. The “as-is” appraised value of the mortgaged proper-ty (without taking into account such assumption) as of May 3, 2023 is $35,700,000.
With respect to Loan No. 20, RH HQ, the Appraised Value ($) of $42,500,000 reflects the market value of the sandwich leasehold interest. |
A-21 |
With respect to Loan No. 22, Prime Storage Portfolio #3, the Appraised Value represents the portfolio appraised value of $790,800,000 (“Portfolio Appraised Value”), prepared by the Appraiser, which is inclusive of an approximately 5.8% portfolio premium and reflects the “as-is” value of the Properties as a whole if sold in their entirety to a single buyer.
With respect to Loan No. 24, 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 conclud-ed 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 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 (%) based on the estimated value of $621.0 million would be 59.6%." |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. ● Loan No. 5, ICP/IRG Holdings Portfolio ● Loan No. 8, Gilardian NYC Portfolio II ● Loan No. 16, Cosmos Portfolio ● Loan No. 19, Grogan Portfolio ● Loan No. 21, Select Parking NYC Portfolio ● Loan No. 22, Prime Storage Portfolio #3 ● Loan No. 25, Little Rock Self Storage Portfolio |
(7) | The Original Balance ($), Cut-off Date Balance ($), and Maturity Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the prospectus.
With respect to Loan No. 4, Brookview Commons, the borrower was required to deposit $8,000,000 at origination into an earnout reserve subaccount (the “Earnout Reserve Funds”) to be held as additional cash collateral for the Brookview Commons mortgage loan. The lender will disburse the Earnout Reserve Funds to the borrower upon satisfaction by the borrower of certain performance criteria set forth in the related loan documents and receipt by the lender of evidence reasonably satisfactory to the lender that the borrower has obtained certain tax benefits described under “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the prospectus. In the event that the Earnout Reserve Funds are requested (x) on or after the earlier to occur of (1) September 5, 2023, and (2) the final securitization involving the Brookview Commons mortgage loan and (y) prior to December 5, 2023, then the lender will make a one-time disbursement of all of the Earnout Reserve Funds. In the event that the Earnout Reserve Funds are requested on or after December 5, 2023 (but before the earnout reserve expiration date of July 5, 2025), then the lender will make periodic disbursements (but no more than one time per calendar quarter) of the Earnout Reserve Funds (which may be in increments of less than the entire balance of the Earnout Reserve Funds).
With respect to Loan No. 4, Brookview Commons, the Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / (ARD) (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%), Underwritten NOI DSCR and Underwritten NCF DSCR calculations have been adjusted to net out the $8,000,000 earnout reserve deposited at origination of the Brookview Commons mortgage loan and are 57.0%, 57.0%, 8.9%, 8.8%, 1.47x and 1.45x respectively. The unadjusted Cut-off Date LTV Ratio (%), LTV Ratio at Maturity (%), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%) are 66.1%, 66.1%, 7.7%, 7.6%, 1.26x and 1.25x respectively. |
(8) | The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan. |
(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
A-22 |
(10) | With respect to Loan No. 1, Gateway Center South, a Grace Period (Late Payment) of 5 days is allowed. Additionally, if the borrower is delinquent on such payment more than twice during any 12-month period, the borrower has to pay the lesser of (i) 3.0% of the unpaid sum or (ii) the maximum amount permitted by applicable law in order to defray the expense incurred by the lender to process the delinquent pay-ment and to compensate the lender for the loss of the use of the delinquent payment.
With respect to Loan No. 10, Back Bay Office, a Grace Period (Late Payment) of 10 days after the pay-ment date is permitted once during any 12-month period before the borrower has to pay the lesser of (i) 4.0% of the unpaid sum or (ii) the maximum amount permitted by applicable law in order to defray the expense incurred by the lender to process the delinquent payment and to compensate the lender for the loss of the use of the delinquent payment.
With respect to Loan No. 15, Heritage Plaza, a Grace Period (Late Payment) of five days is allowed once per 12-month period.
With respect to Loan No. 16, Cosmos Portfolio, Grace Period – (Default) is zero days for the outstand-ing principal balance due at maturity and five days for the monthly payment of principal and interest.
With respect to Loan No. 24, Green Acres, a Grace Period (Late Payment) of five days is allowed. |
(11) | Intentionally blank |
(12) | The “L” component of the prepayment provision represents lockout payments. The “D” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the prospectus. With respect to Loan No. 1, Gateway Center South, the defeasance lockout period will be at least 26 months beginning with and including the first payment date on July 5, 2023. Defeasance of the Gateway Center South whole loan, in whole, but not in part, is permitted at any time after the earlier of (i) the third anniversary of the first monthly payment date and (ii) two years from the “startup day” of the REMIC which holds the portion of the Gateway Center South whole loan last contributed to a securitization. In addition, on any business day on and after June 5, 2025, voluntary prepayment of the Gateway Center South whole loan is permitted, together with, if such voluntary prepayment occurs prior to December 5, 2027, a prepayment fee equal to the greater of (x) 1.00% of the principal amount of the Gateway Center South whole loan being prepaid and (y) a yield maintenance premium. The assumed defeasance lockout period of 26 months is based on the expected BMO 2023-5C1 securitization cut-off date in August 2023. The actual lockout period may be longer. With respect to Loan No. 2, 11 West 42nd Street, the borrower is permitted to prepay the 11 West 42nd Street whole loan in whole but not in part (i) on or after the payment date occurring in January 2028 without the payment of any prepayment premium or (ii) beginning on the payment date in July 2025 with the payment of a yield maintenance premium. Defeasance of the 11 West 42nd Street whole loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the 11 West 42nd Street to be securitized and (ii) August 6, 2026. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer. With respect to Loan No. 3, Short Pump Town Center, defeasance of the Short Pump Town Center whole loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last portion of the Short Pump Town Center whole loan to be securitized and (b) July 6, 2026. The assumed defeasance lockout period of 24 payments is based on the closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer. With respect to Loan No. 3, Short Pump Town Center, the property size, UW NOI and Most Recent Occupancy exclude the Release Parcels, which includes (i) one or more parcels or outlots, (ii) the Dick's Sporting Goods Parcel and (iii) one or more Acquired Parcels or Acquired Expansion Parcels. An “Acquired Parcel” is a fee simple or leasehold interest to a parcel of the Short Pump Town Center Property that is acquired in a substitution in accordance with the loan documents. An “Acquired Expansion Parcel” means any parcel of land, together with any improvements thereon located, (a) constituting an integral part of, or adjoining to, or proximately located near, the shopping center of which the Short Pump Town Center Property is a part, (b) that is not owned by the borrower on the origination date and (c) is not an Acquired Parcel and is acquired by the borrower after the origination date. With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the lockout period will be at least 27 months beginning with and including the first payment date on June 1, 2023. The ICP/IRG Holdings Portfolio whole loan is prepayable at any time on or after the payment date occurring in June 2025, together with payment of a yield maintenance premium, if the ICP/IRG Holdings Portfolio whole loan is prepaid on or before December 1, 2027. Defeasance of the ICP/IRG Holdings Portfolio whole loan is permitted at any time after the date that is the earlier of two years after the closing date of the securitization that includes the last note to be securitized and the third anniversary of the first payment date. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer. |
A-23 |
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, from and after the Payment Guaranty Release Event described under “Description of the Mortgage Pool—Statistical Characteristics of the Mortgage Loans—Property Types” and “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Single-Purpose Entity Covenants” in the prospectus (but only after the Permitted Prepayment Date or the Permitted Defeasance Date, as applicable), the mortgage loan documents permit the borrowers to obtain the release of any individual Mortgaged Property provided that, among other conditions, (i) the borrowers (x) after the second anniversary of the first monthly payment date (the “Permitted Prepayment Date”), prepay (together with any applicable yield maintenance premium), or (y) after the earlier of (a) the third anniversary of the first monthly payment date or (b) the second anniversary of the closing date of the securitization that includes the last promissory note to be securitized (the “Permitted Defeasance Date”), defease the mortgage loan in an amount equal to or in excess of 115% of the allocated loan amount for the individual Mortgaged Property to be released, (ii) after giving effect to such release, the debt service coverage ratio for the remaining Mortgaged Properties (as calculated under the related mortgage loan documents) is equal to or greater than the greater of (x) 1.31x and (y) the debt service coverage ratio immediately preceding such release, and (iii) the borrowers satisfy customary REMIC requirements. With respect to Loan No. 5, ICP/IRG Holdings Portfolio, upon the request of the ICP/IRG Holdings Portfolio borrowers, the ICP/IRG Holdings Portfolio borrowers may obtain the release of certain specified release parcels without any required prepayment, defeasance, prepayment fee, yield maintenance premium or otherwise upon the satisfaction of certain conditions, including, but not limited to, satisfaction of customary REMIC requirements. If the Loan is included in a REMIC Trust and, immediately following a release of any release parcel, the ratio of the unpaid principal balance of the Loan to the value of the remaining mortgaged property is greater than 125%, the release will not be permitted unless the principal balance of the Loan is paid down by the borrower by an amount sufficient to satisfy REMIC Requirements. With respect to Loan No. 6, California High Tech Logistics, the lockout period will be 12 payments beginning with and including the first payment date of May 1, 2023. The borrower is permitted to prepay the California High Tech Logistics whole loan (with the payment of the applicable yield maintenance premium) in whole but not in part. Additionally, prepayment of the California High Tech Logistics whole loan is not permitted unless the mezzanine borrower simultaneously makes a pro-rata prepayment of the mezzanine loan; provided, however that during the continuance of an event of default, the lender may accept a prepayment of the California High Tech Logistics whole loan without a simultaneous pro-rata prepayment of the mezzanine loan. With respect to Loan No. 7, Cumberland Mall, the lockout period will be at least 27 payment dates beginning with and including the first payment date on June 1, 2023. Defeasance of the Cumberland Mall whole loan in full is permitted at any time after the earlier to occur of (i) April 14, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last Cumberland Mall whole loan note to be securitized. The assumed lockout period of 27 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. With respect to Loan No. 8, Gilardian NYC Portfolio II, at any time after the earlier to occur of (x) June 1, 2027 and (y) the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized, the whole loan documents permit the borrowers to obtain the release of any individual Gilardian NYC Portfolio II property from the lien of the mortgage up to two times during the term of the whole loan provided, among other conditions, (i) the borrowers defease the whole loan in an amount equal to at least 110% of the allocated loan amount for the individual Gilardian NYC Portfolio II property to be released, (ii) after giving effect to such release (a) the debt service coverage ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan with respect to the remaining Gilardian NYC Portfolio II properties is not less than (x) the debt service coverage ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan immediately preceding such release or (y) 1.10x and (b) the loan-to-value ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan with respect to the remaining mortgaged properties is not greater than the lesser of (x) the loan-to-value ratio for the Gilardian NYC Portfolio II whole loan and the related mezzanine loan immediately preceding such release or (y) 65.0%, and (iii) REMIC release requirements are satisfied. The assumed lockout period of 26 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. |
With respect to Loan No. 10, Back Bay Office, the lockout period will be at least 25 months beginning with and including the first payment date on August 6, 2023. Defeasance of the Back Bay Office whole loan, or prepayment of the Back Bay Office whole loan (together with, if prior to the payment date in January 2028, a prepayment fee equal to the greater of 1% of the unpaid principal balance and a yield maintenance premium) in full, but not in part, is permitted at any time after the earlier of (i) June 7, 2026 and (ii) the second anniversary of the date on which the entire Back Bay Office whole loan (other than Note A-1, Note A-2, Note B-1 and Note B-2) has been securitized. The assumed lockout period of 25 months is based on the expected BMO 2023-5C1 securitization cut-off date in August 2023. The actual lockout period may be longer.
With respect to Loan No. 11, Harborside 2-3, the lockout period will be at least 28 payment dates beginning with and including the first payment date on May 6, 2023. Defeasance of the Harborside 2-3 whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) April 4, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 28 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.
With respect to Loan No. 12, The Widener Building, defeasance of The Widener Building whole loan is permitted at any time 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 promissory note representing a portion of The Widener Building whole loan to be securitized and (ii) June 9, 2026. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BMO 2023-5C1 securitization trust in August 2023. The actual lockout period may be longer.
With respect to Loan No. 14, Oxmoor Center, the borrower is permitted to defease the Oxmoor Center whole loan, in whole, but not in part, at any time after the earlier to occur of (i) two years from the closing date of the securitization that includes the last note to be securitized or (ii) May 25, 2026. The assumed defeasance lockout period of 26 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer.
With respect to Loan No. 15, Heritage Plaza, voluntary prepayment of the Heritage Plaza whole loan in whole (but not in part) is permitted on or after the monthly payment date in November 2027 without payment of any prepayment premium. Prepayment (together with any applicable prepayment premium) in whole (but not in part) of the Heritage Plaza whole loan is permitted on any business day prior to November 6, 2027. Defeasance of the Heritage Plaza whole loan in whole (but not in part) is permitted at any time after the earlier of (i) April 13, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the Heritage Plaza whole loan to be securitized. The assumed defeasance lockout period of 27 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. |
A-24 |
With respect to Loan No. 17, Riverview Tower, the lockout period will be at least 25 payment dates beginning with and including the first payment date in August 2023. Defeasance of the Riverview Tower whole loan in full is permitted at any time after the earlier to occur of (i) June 28, 2026 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. With respect to Loan No. 19, Grogan Portfolio, at any time after the date that is two years after the closing date of the BMO 2023-5C1 securitization trust, and prior to February 2, 2028, the borrowers may obtain the release of one or more of the Grogan Portfolio properties, provided that, among other things, (i) no event of default has occurred and is continuing, (ii) the borrowers defease a portion of the Grogan Portfolio mortgage loan equal to 120% of the allocated loan amount of the property being released, (iii) the DSCR for the remaining properties is no less than the greater of 1.89x and DSCR immediately prior to release, (iv) the debt yield for the remaining properties is no less than the greater of 13.95% the debt yield immediately prior to release, and (v) unless releasing less than 25% of the principal balance, the loan-to-value ratio for the remaining properties is equal to or less than the lesser of 31.98% and the loan-to-value immediately prior to release. With respect to Loan No. 20, RH HQ, defeasance of the RH HQ whole loan is permitted at any time after the earlier of (i) two years from the start-up date of the REMIC formed in connection with the REMIC declaration made on May 19, 2023 or (ii) three years from the origination date. In addition, in the event that prior to the related defeasance lockout period, (i) the ground lessor (or an affiliate thereof) elects to exercise its right of first offer to purchase the Mortgaged Property, the lender may elect to require that the related borrower prepay the RH HQ whole loan in full, together with any applicable yield maintenance premium (provided that the lender may also elect to permit the ground lessor or an affiliate of the ground lessor to assume the RH HQ whole loan in accordance with the terms of the RH HQ whole loan documents) or (ii) an affiliate of the borrower (the “Fee Purchaser”), pursuant to its right of first offer or otherwise, elects to acquire the fee interest in the Mortgaged Property (in which case the Fee Purchaser is required to request proposed financing terms from 3650 REIT or its affiliates to the extent there is not then a loan secured by the fee interest in the Mortgaged Property that will not be paid off in connection with such acquisition) and either (a) 3650 REIT elects not to provide financing or (b) the Fee Purchaser and 3650 REIT are unable to come to mutually agreeable terms for such financing, then the borrower will be required to prepay the RH HQ whole loan in full, together with any applicable yield maintenance premium as a condition to such acquisition. With respect to Loan No. 21, Select Parking NYC Portfolio, the lockout period will be at least 26 payment dates beginning with and including the first payment date in July 2023. Defeasance of the Select Parking NYC Portfolio whole loan in full is permitted at any time after the earlier to occur of (i) May 25, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 26 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. With respect to Loan No, 22, Prime Storage Portfolio #3, the lockout period will be at least 25 payment dates beginning with and including the first payment date on August 6, 2023. Defeasance of the Prime Storage Portfolio #3 whole loan in full (but not in part) is permitted at any time following the earlier to occur of (i) June 28, 2026 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. |
With respect to Loan No. 22, Prime Storage Portfolio #3, after the earlier to occur of (i) June 28, 2026 and (ii) two years from the date of the securitization of the last portion of the Prime Storage Portfolio whole loan, and prior to January 6, 2028, the borrowers may defease all or a portion of the Prime Storage Portfolio #3 whole loan and obtain the release of a property in connection with certain sales of such property or certain transfers of such property, provided that (i) in connection with a partial defeasance, the Prime Storage Portfolio #3 whole loan is partially defeased in an amount equal to the greater of (a) 120% of the allocated mortgage loan amount with respect to such individual property and (b) mortgage lender’s allocation of 100% of the net sales proceeds applicable to such individual property (and the Prime Storage Portfolio #3 Mezzanine Loans are prepaid in amount equal to the release price under the mezzanine loan documents), (ii) the DSCR with respect to the remaining properties is equal to or greater than the greater of (a) the DSCR immediately preceding such partial release and (b) the DSCR on June 28, 2023 and (iii) Borrower has delivered a REMIC opinion, and paid all of Mortgage Lender’s reasonable costs and expenses in connection with such defeasance. On and after January 6, 2028, the Borrowers may sell or dispose of one or more individual properties upon satisfying certain conditions under the Prime Storage Portfolio #3 whole loan documents. With respect to Loan No. 24, Green Acres, the lockout period will be at least 31 payment dates beginning with and including the first payment date in February 2023. Prepayment of the Green Acres whole loan in full, together with any applicable yield maintenance premium, is permitted at any time on or after the earlier to occur of (i) the monthly payment date occurring in January 2026 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 31 payments is based on the expected BMO 2023-5C1 securitization closing date in August 2023. The actual lockout period may be longer. With respect to Loan No. 24, Green Acres, the borrowers may obtain a release of one or more Release Parcels. A “Release Parcel” is a parcel on the Green Acres property that is (a) non-income producing and unimproved for tenant occupancy and (b) the release of which does not have any adverse material effect, subject to satisfaction of certain conditions including, but not limited to, (i) no event of default has occurred and is continuing, (ii) regardless of whether such release of the Release Parcel is successfully consummated, the borrowers pay to the lender a processing fee in the amount of $15,000, (iii) the remaining property constitutes a separate tax lot (or the borrowers have filed an application for a separate tax lot and the borrower sponsor guarantees the payment of taxes on the Release Parcel pending the final issuance of such separate tax lot), (iv) the borrowers certify to the lender that the remaining property with all easements appurtenant and other permitted encumbrances thereto will not, strictly as a result of such transfer, be in violation of certain reciprocal easement agreements, the Walmart ground lease, the PILOT lease agreements or any then applicable law, statute, rule or regulation and (v) satisfaction of any REMIC release conditions. |
A-25 |
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Existing Mezzanine Debt,” “—Preferred Equity and Preferred Return Arrangements” and “Certain Legal Aspects of the Mortgage Loans” in the 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, 11 West 42nd Street, concurrently with the funding of the 11 West 42nd Street whole loan, Bank of America, N.A. originated a mezzanine loan in the amount of $56,000,000 secured by the mezzanine borrower’s interests in the borrowers, as collateral for the mezzanine loan (the “Mezzanine Loan”). The Mezzanine Loan is coterminous with the 11 West 42nd Street whole loan. The Mezzanine Loan accrues interest at a rate of 14.00000% per annum and requires interest-only payments until its maturity date. A mezzanine intercreditor agreement was executed at loan origination. Subsequent to loan origination, the mezzanine loan was sold by Bank of America, N.A. to an affiliate of Taconic Capital. With respect to Loan No. 2, 11 West 42nd Street, the borrower is permitted to enter into a “Property-Assessed Clean Energy loan” or any similar indebtedness (a “PACE Loan”) for an amount not to exceed $10,000,000, subject to the lender’s approval (not to be unreasonably withheld, conditioned or delayed) and delivery of a rating agency confirmation, which PACE Loan is (i) incurred for improvements to the mortgaged property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the mortgaged property. The lien resulting from any unpaid and delinquent PACE Loan payments would have property tax lien status. With respect to Loan No. 6, California High Tech Logistics, concurrently with the origination of the California High Tech Logistics whole loan, a $10.0 million mezzanine loan was originated, secured by, among other things, the pledge of the direct equity interest in the California High Tech Logistics borrower. The California High Tech Logistics mezzanine loan accrues interest at a rate of 10.25% per annum and requires interest-only payments through the full term of the mezzanine loan. The $10.0 million mezzanine loan is not included in the BMO 2023-5C1 securitization trust. With respect to Loan No. 8, Gilardian NYC Portfolio II, VOYA Commercial Mortgage Originator, LLC originated a mezzanine in the amount of $41,000,000 secured by the equity interests in 107 Mezz A, LLC, 245 Mezz A, LLC, 324 Mezz A, LLC, 1443 Mezz A, LLC, and 2410 Mezz A, LLC. The mezzanine loan is coterminous with the Gilardian NYC Portfolio II whole loan. The mezzanine loan accrues interest at a rate of 9.19800% per annum and requires interest-only payments until its maturity date. With respect to Loan No. 10, Back Bay Office, the Back Bay Office whole loan is a Pari Passu-AB whole loan, and the controlling note as of the date hereof is the Note B-1. Upon the occurrence of certain trigger events specified in the co-lender agreement, however, control will generally shift first, to the Note A-1, then to the Note A-2 and then to the Note A-4-1, in each case, following certain trigger events under the co-lender agreement. Notwithstanding the foregoing, the Back Bay Office whole loan will be serviced and administered under the Benchmark 2023-B39 Pooling and Servicing Agreement. See “Description of the Mortgage Pool—The Whole Loans—The Non-Serviced AB Whole Loan—The Back Bay Office whole loan” for more information regarding the manner in which control shifts under the Back Bay Office whole loan and the servicing of the Back Bay Office whole loan. With respect to Loan No. 10, Back Bay Office, RICP V Holdings, LLC has provided $40.0 million of mezzanine financing secured by the equity interests in the related borrower. The mezzanine loan is coterminous with the Back Bay Office whole loan and will require interest‐only payments through maturity at a fixed coupon of 10.12500%. With respect to Loan No. 10, Back Bay Office, the Back Bay Office whole loan has two subordinate B-Notes with an aggregate principal balance of $65,000,000 co-originated by Deutsche Bank AG, New York Branch and Wells Fargo Bank, National Association with an interest rate of 8.20000%. With respect to Loan No. 11, Harborside 2-3, the Harborside 2-3 whole loan is structured with a $55,000,000 mezzanine loan (the ""Harborside 2-3 Mezzanine Loan"") that accrues interest at (i) a rate per annum equal to 7.00% to be paid as part of each payment of the mezzanine monthly debt service payment amount resulting in a mezzanine monthly debt service payment amount of $325,289.35 and (ii) a rate per annum equal to 3.5% that accrues through the term of the Harborside 2-3 Mezzanine Loan and is scheduled to be due and payable on the maturity date resulting in a monthly debt service accrual amount of $162,644.68. The Mezzanine Debt Interest Rate (%), Total Debt Monthly Debt Service ($), Total Debt Underwritten NOI DSCR (x) and Total Debt Underwritten NCF DSCR (x) are based on an aggregate Harborside 2-3 Mezzanine Loan interest rate of 10.5% per annum. |
A-26 |
With respect to Loan No. 11, Harborside 2-3, in addition to the interest accruing on the outstanding principal balance of the Harborside 2-3 Mezzanine Loan at a rate of 7.0000% per annum to be paid as part of each monthly debt service payment amount and an additional 3.5000% per annum which shall accrue through the loan term and be due on the maturity date, the outstanding principal balance of the Harborside 2-3 Mezzanine Loan will accrue PIK interest at a rate of 2.29% per annum (the “PIK Interest”). The PIK Interest shall be due and payable together with each mezzanine monthly debt service payment amount if either of the following conditions are not satisfied as of April 6, 2028: (i) the PIK Leasing Condition (as defined below) or (ii) if the Harborside 2-3 Mezzanine Loan is not prepaid in full. If the PIK Leasing Condition has not been satisfied as of April 6, 2028 or the Harborside 2-3 Mezzanine Loan has not been prepaid in full prior to such date, then all accrued PIK Interest will automatically be converted and added to the outstanding principal balance of the Harborside 2-3 Mezzanine Loan as of such date, and become immediately due and payable by the borrowers to lender together with all other outstanding principal. The PIK Leasing Condition means delivery by the borrowers of evidence reasonably satisfactory to lender that 75% of the aggregate rentable square feet of the Harborside 2-3 mortgaged property and the neighboring Harborside 1 property is leased and occupied by tenants under leases satisfying the requirements set forth in their respective loan documents. With respect to Loan No. 11, Harborside 2-3, the borrowers are permitted to obtain mezzanine financing in connection with the assumption of the Harborside 2-3 mortgage loan, provided that the Harborside 2-3 Mezzanine Loan is repaid simultaneously with such assumption. Future mezzanine debt is permitted subject to certain conditions, including, without limitation: (i) no event of default is continuing, (ii) the mezzanine loan is made by a lender reasonably acceptable to the mortgage lender and acceptable to the applicable rating agencies, (iii) the only collateral for such mezzanine loan is the direct equity interest in (x) the mortgage borrower and (y) the equity interest in the sole member entity holding the liquor license for the operation of the property (note – the mortgage loan is secured, in part, by a pledge of the direct equity interest in the holder of the liquor license), (iv) the mezzanine loan documents are reasonably satisfactory to the mortgage lender, (v) the mezzanine loan is non-recourse except for non-recourse carveouts substantially similar to those of the mortgage loan, (vi) the mezzanine lender enters into an intercreditor agreement reasonably acceptable to the mortgage lender and acceptable to the rating agencies, (vii) the mezzanine loan has a fixed rate of interest or a floating rate subject to delivery of an interest rate cap agreement, (viii) the maturity date of the mezzanine loan is not earlier than the maturity date of the Harborside 2-3 whole loan, (ix) borrower delivers a rating agency confirmation, (x) the LTV (inclusive of the mezzanine loan) shall not exceed 75.0%, (xi) the DSCR (whole loan only) as of the date of closing of the mezzanine loan is at least 1.81x and (xii) the DSCR (inclusive of the mezzanine loan) as of the date of closing of the mezzanine loan is at least 1.25x. With respect to Loan No. 11, Harborside 2-3, the Harborside 2-3 whole loan is structured with a $19,000,000 preferred equity investment made by NongHyup Bank, in its capacity as Trustee of Milestone Harbor East Private Investment Trust. The preferred equity investment is made in an entity (the “Pref JV”) that is the indirect owner of one of the two TIC borrowers of the Harborside 2-3 whole loan and one of the two TIC owners of the neighboring Harborside 1 property. The preferred equity investment will be repaid only from net cash distributions to the Pref JV from capital transactions with respect to the Harborside 1 property and/or the Harborside 2-3 mortgaged property. With respect to Loan No. 15, Heritage Plaza, the mortgage loan documents permit the direct owner of the borrower to obtain future mezzanine debt secured by the direct ownership interests in the borrower following or concurrently with a permitted assumption of the mortgage loan, subject to the terms and conditions of the related mortgage loan documents. With respect to Loan No. 22, Prime Storage Portfolio #3, the Prime Storage Portfolio #3 whole loan is comprised of four pari passu senior promissory notes in the aggregate original principal amount of $405,870,000 (collectively, the “Prime Storage Portfolio #3 Senior Loan”), which was originated on June 28, 2023 by CREFI, one subordinate promissory Note B in the original principal amount of $64,130,000 (the “Prime Storage Portfolio #3 Note B”), which was originated on June 28, 2023 by CREFI. With respect to Loan No. 22, Prime Storage Portfolio #3, concurrently with the funding of the Prime Storage Portfolio #3 whole loan, Carbon Capital VII LLC, originated a mezzanine A loan in the amount of $50,000,000 secured by the mezzanine A borrower’s interests in the borrowers, as collateral for the mezzanine A loan (the “Mezzanine A Loan”). The Mezzanine A Loan is coterminous with the Prime Stor-age Portfolio #3 whole loan. The Mezzanine A Loan accrues interest at a rate of 9.00000% per annum and requires interest-only payments until its maturity date. Concurrently with the funding of the Prime Storage Portfolio #3 whole loan, Citigroup Global Markets Realty Corp., originated a mezzanine B loan in the amount of $70,000,000 secured by the mezzanine B borrower’s interests in the borrowers, as col-lateral for the mezzanine B loan (the “Mezzanine B Loan”). The Mezzanine B Loan is coterminous with the Prime Storage Portfolio #3 whole loan. The Mezzanine B Loan accrues interest at a rate of 10.50000% per annum and requires interest-only payments until its maturity date. With respect to Loan No. 24, Green Acres, the borrower is permitted to enter into a “Property-Assessed Clean Energy loan” (a “PACE Loan”) or other indebtedness for an amount not to exceed $10,000,000, without the consent of the lender or rating agency confirmation, which is (i) incurred for improvements to the mortgaged property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the mortgaged property. The lien resulting from any unpaid and delinquent PACE Loan payments would have property tax lien status. |
(14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the origination date during the term of the mortgage loan. |
(15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. With respect to Loan No. 15, Heritage Plaza, there is a 10% credit for the $5.0 million upfront TI/LC reserve. |
A-27 |
(16) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction.
With respect to Loan No. 4, Brookview Commons, historical financial information is not presented as the 30-36 Crosby Street Building and the 333 Main Street Building, together the Brookview Commons property, were built in two separate phases. Between 2020 and 2022, the occupancy for the 30-36 Crosby Street Building was 94.1%, 94.8%, and 92.9%, respectively.
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, historical financials prior to 2022 are not available for the entire portfolio as the related mortgaged properties were in various stages of lease-up, renovation and re-positioning.
With respect to Loan No. 6, California High Tech Logistics, historical financials are not available as the seller did not provide historical financials.
With respect to Loan No. 16, Cosmos Portfolio, historical financials are not available as the seller did not provide historical financials.
With respect to Loan No. 19, Grogan Portfolio, historical financial information is not available as one property is leased to a sponsor affiliate and subject to a triple-net lease. Additionally, the other two properties were previously owned by the sponsor as an individual and the sponsor could not provide operating statements that exclude personal financials.
With respect to Loan No. 20, RH HQ, the historical cash flows are not available, as the property was acquired in 2021.
With respect to Loan No. 21, Select Parking NYC Portfolio, the historical financial information for year 2020 is not available because the borrower sponsor acquired the properties in 2021. |
(17) | With respect to Loan No. 9, Four Points Flushing, the mortgaged property is subject to a declaration of condominium. One of the related mortgagors (New Farrington Holdings, LLC) owns, in fee simple, the Garage Unit, the Hotel Unit, Units C01-C09 (retail/commercial units), and Units 201 and 202 (community space units). New Farrington Holdings, LLC owns a 71.516% undivided interest in the common ele-ments of the condominium. The other related mortgagor (Four Points Flushing Operations, LLC) leases the Hotel Unit from New Farrington Holdings, LLC under the terms of an operating lease). The condo-minium declaration is superior to the mortgage, however the related mortgagor controls the board of the condominium and the board has agreed that insurance/condemnation proceeds (in the event of casual-ty/taking) will be disbursed in accordance with the terms of the loan documents. With respect to Loan No. 14, Oxmoor Center, the mortgaged property is ground leased by the borrower, as the ground lessee, under a ground lease with WMB 2, LLC and TWB Oxmoor 2, LLC, as successor-in-interest to PNC Bank, Kentucky, Inc., the trustee of the Trust under the Will of William Marshall Bul-litt, Deceased and Stock Yards Bank & Trust Company and the Trust under the Will of Thomas W. Bul-litt, Deceased, as the ground lessor. The borrower assumed the ground lease on May 9, 2003, which expires on September 30, 2057 and has two, 20-year extension options remaining. The current rent is $1,209,919.80 per annum, subject to increases of 3% per annum as set forth in the ground lease. How-ever, rent is scheduled to reset every 20 years equal to the greater of (x) 8% of fair market value and (y) rent from five years prior to the reset. The ground lessee’s interest in the ground lease is freely as-signable 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. 20, RH HQ, the related borrower has a leasehold interest in the mortgaged property pursuant to a 99-year ground lease for the site which commenced on December 13, 2021 and expires December 12, 2120. The annual ground rent for the ground lease is approximately $859,464. With respect to Loan No. 24, 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. Ac-cording 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 $125,000 per month) during the extension terms. The lease contains standard leasehold mortgagee protections in-cluding notice and cure rights, right to a new lease in the event of termination of the ground lease (in-cluding rejection of the ground lease in bankruptcy), and an agreement that no amendment or modifica-tion of the ground lease entered into without lender’s consent will be effective. |
(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents.
With respect to Loan No. 3, Short Pump Town Center, the Upfront Other Reserve ($) consists of $241,234 for the Gap Rent Reserve Deposit. |
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(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. 2, 11 West 42nd Street, the borrower is not required to make monthly tax deposit as long as (i) no cash trap event period exits and (ii) the borrower provides lenders with paid receipts or other evidence reasonably satisfactory that all taxes have been and continue to be fully and timely paid. With respect to Loan No. 2, 11 West 42nd Street, the borrower is not required to make monthly insurance deposit as long as (i) no cash trap event period exits, (ii) the insurance is maintained pursuant to one or more blanket policies, and (iii) the borrower timely provides lender with evidence of renewal of such policies. With respect to Loan No. 3, Short Pump Town Center, the borrowers are required to deposit reserves with respect to taxes, insurance, replacement reserves, and TI/LC only during such time as the lender determines that the debt yield is less than 12% as of the end of any two (2) consecutive calendar quarters). With respect to insurance reserves only, the lender will waive the requirements for insurance deposits if the borrower maintains insurance pursuant to a blanket policy and premiums have been paid not less than one year in advance. With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the borrowers are not required to make a $116,575 monthly deposit into the TI/LC reserve so long as no cash sweep period is continuing. With respect to Loan No. 5, ICP/IRG Holdings 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, among other things, (i) the borrowers maintain a blanket policy meeting the requirements of the mortgage loan documents and (ii) no event of default (as defined in the mortgage loan documents) is occurring. With respect to Loan No. 6, California High Tech Logistics, the borrower is not required to make monthly deposits into the rollover reserve subaccount as long as (i) no event of default has occurred and is continuing, (ii) there are no defaults under the Riverside Brown Street lease and the Riverside Brown Street lease is in full force and effect, (iii) the Riverside Brown Street tenant remains obligated under the Riverside Brown Street lease to pay for and perform all repairs, tenant improvements and other work to the mortgaged property and (iv) with respect to High Tech Logistics, the net operating income for such entity plus (a) paid interest and tax expenses, (b) depreciation, (c) amortization, (d) other non-cash charges incurred during the applicable fiscal year, including, without limitation, non-cash impairment charges and (e) High Tech Logistics corporate restructuring charges (the “EBITDA”) remain above $2,220,000. With respect to Loan No. 9, Four Points Flushing the borrowers are required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as hereinafter defined) and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of the applicable FF&E Percentage (as hereinafter defined) of the greater of (x) the annual gross revenues for the hotel related operations at the mortgaged property for the immediately preceding calendar year as reasonably determined by Lender and (y) the projected annual gross revenues for the hotel related operations at the mortgaged property for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget. The FF&E Percentage means (i) from the origination date through and including the 12th monthly payment date, two percent, (ii) from the 13th monthly payment date through and including the 24th monthly payment date, three percent, and (iii) thereafter for so long as the Four Points Flushing mortgage loan is outstanding, four percent. |
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With respect to Loan No. 9, Four Points Flushing, if at any time any or all of the Condominium Common Charges Conditions Precedent (as defined below) are no longer met, the borrowers will immediately begin to fund the monthly condominium charge deposit, on each monthly payment date an amount equal to one-twelfth (1/12) of the condominium common charges until such time as the condominium common charges conditions precedent are met. The Condominium Common Charges Conditions Precedent mean (i) no event of default, (ii) the borrowers will pay (or cause to be paid) the condominium common charges directly to the condominium, (iii) the borrowers are not in material default of any of its obligations under the condominium documents, beyond any applicable notice and cure periods, and (iv) no trigger period exists and be continuing. With respect to Loan No. 10, Back Bay Office, the borrower is not required to make monthly deposits into the TI/LC reserve account until the undisbursed portion of the Upfront TI/LC Reserve of $26,723,400 is less than or equal to $15,000,000. Upon this event, the borrower will be required to deposit $213,969 into the TI/LC reserve account on a monthly basis. With respect to Loan No. 12, The Widener Building, the Monthly Other Reserve ($) includes $32,768.23 of a reserve for municipal authority tenant improvements and leasing commissions on each payment date through and including the payment date occurring in January 2026. With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during a cash management period (other than a cash management period due solely to the occurrence of an anchor tenant trigger event), the borrower is required to deposit into a replacement reserve an amount equal to $7,641.19, and should the amount fall below $183,388.50 during a cash management period the borrower is obligated to deposit funds into the replacement reserve account until the amount equals or exceeds $183,388.50. With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during a cash management period (other than a cash management period due solely to the occurrence of an anchor tenant trigger event), the borrower is required to deposit an amount of $45,847.13 into the rollover reserve account and should the amount fall below $1,100,331 during a cash management period the borrower is required to make monthly deposits into the rollover reserve account in an amount necessary to raise the balance of the rollover reserve account to an amount equal to or exceeding $1,100,331. With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to deposit with the lender an amount equal to 1/12th of the taxes that the lender estimates will be payable during the next ensuing 12 months. With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to deposit with the lender an amount equal to 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies upon expiration thereof in order to accumulate sufficient funds to pay all such insurance premiums at least 10 days prior to the expiration of the policies. However, such requirement will be waived if the borrower provides evidence of an acceptable blanket policy to the lender and the insurance premiums payable have been prepaid for not less than one year in advance. With respect to Loan No. 14, Oxmoor Center, on each monthly payment date during the continuance of a cash management period, the borrower is required to pay to the lender on the day that is 10 days prior to the date that rent is due under the terms of the ground lease, an amount equal to 1/12th of the annual amount of ground rent due by the borrower under the ground lease; such monthly deposit is not required if sufficient funds are available pursuant to the terms and provisions of the cash management agreement to make any applicable monthly ground rent deposit. With respect to Loan No. 16, Cosmos Portfolio, the borrower is not required to make monthly deposits into the rollover reserve subaccount as long as (i) no event of default has occurred and is continuing, (ii) the leases with Cosmos Surfaces (the “Cosmos Tenant”) will be and continue in full force and effect and will not be subject to any default beyond any applicable grace or notice and cure period by either borrower of the Cosmos Tenant and (iii) Justh Holdings LLC quarterly earnings before interest, taxes, depreciation and amortization is equal to or greater than $1,885,060, as determined by the lender in its reasonable discretion. With respect to Loan No. 18, Museum Tower, upon the occurrence and during the continuance of a SWM Event Period (as defined in the mortgage loan documents), the borrower will be required to deposit (i) on the following monthly payment date, an amount equal to $2,450,000 (the “SWM Initial Deposit Amount”) (in the form of cash or letter-of-credit) and (ii) on each monthly payment date thereafter (not to exceed 12 months of collections in the event the SWM Event Period has not terminated during such 12-month period), until such SWM Event Period is cured, $200,000 (such amount to be adjusted in the event of partial re-tenanting of the SWM space) into a reserve for re-leasing the SWM space (the “SWM Monthly Deposit Amount”). Notwithstanding the foregoing, upon the occurrence of a SWM Event Period and provided no other Sweep Event Period is then continuing, the borrower may opt to instead make a one-time deposit in the amount of $4,850,000 into the SWM reserve. Such amounts will be held for tenant improvements and leasing commissions that may be incurred in connection with re-leasing the SWM space. Additionally, if the borrower fails to deposit the SWM Initial Deposit Amount and/or any SWM Monthly Deposit Amount, the borrower sponsor will become personally liable for the repayment of such amounts to the extent of any deficiency under the mortgage loan documents. With respect to Loan No. 20, RH HQ, the borrower is not required to make monthly deposits to the tax subaccount on account of taxes with respect to the mortgaged property, so long as (i) no event of default has occurred and is continuing, (ii) no cash trap event period has occurred and is continuing, (iii) the Restoration Hardware lease is in full force and effect and no monetary default or material non-monetary default beyond any applicable cure period is continuing thereunder, (iv) Restoration Hardware is required under the Restoration Hardware lease to pay all taxes directly to the appropriate governmental taxing authority or to reimburse the borrower for the payment of taxes in accordance with the terms of the Restoration Hardware lease, and (v) the borrower or Restoration Hardware pays all taxes with respect to the property directly to the applicable governmental taxing authority and the borrower delivers to the lender evidence thereof no later than 15 days before the date such taxes would be delinquent if not paid. With respect to Loan No. 20, RH HQ, 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, among other things, (i) the borrowers maintain a blanket policy meeting the requirements of the mortgage loan documents and (ii) no event of default (as defined in the mortgage loan documents) is occurring. With respect to Loan No. 20, RH HQ, the related borrower is not required to make a $1,632.52 monthly deposit into the replacement reserve so long as no event of default or cash trap event is continuing. |
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With respect to Loan No. 20, RH HQ, the borrower is not required to make a $16,325.17 monthly deposit into the TI/LC reserve so long as no event of default or cash trap event period is continuing. With respect to Loan No. 20, RH HQ, the borrower is not required to make monthly ground rent deposits so as long as no cash trap event is continuing, provided, however, in the event that the borrower shall fail to make any payment of ground rent on or prior to the date that the same is due and payable, then the borrower is required to make monthly deposits to the ground rent reserve for the remainder of the term of the loan. With respect to Loan No. 21, Select Parking NYC Portfolio, if at any time the condominium assessment reserve contains less than one month’s worth of assessments, the borrower is required to make a deposit into the condominium assessments reserve account in the amount sufficient to pay one month’s worth of assessments for the condominium. With respect to Loan No. 24, 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 de-posited 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. |
(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. 2, 11 West 42nd Street, the CapEx Reserve Cap is equal to $288,170.
With respect to Loan No. 3, Short Pump Town Center, the reserves have various caps as follows: Replacement Reserve; $254,198 and Rollover Reserve Threshold: $2,541,976 (exclusive of the upfront rollover reserve deposit).
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the TI/LC Reserve Cap ($) is equal to $1,830,000, excluding the initial deposit of $3,000,000.
With respect to Loan No. 11, Harborside 2-3, the TI/LC Reserve Cap is equal to $15,000,000. On each monthly payment date that the amount in the tenant improvements and leasing commissions reserve account is less than $10,000,000, the borrowers are required to deposit into the tenant improvements and leasing commissions reserve account an amount equal to approximately $133,252.
With respect to Loan No. 13, 107 Tom Starling Road, the TI/LC Reserve Cap is equal to $500,000. The borrower is required to deposit on each monthly payment date an amount equal to approximately $19,140 into the tenant improvements and leasing commissions reserve account for so long as the amount on deposit is less than $500,000.
With respect to Loan No. 24, 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 de-posits, currently estimated to be $2,094,342 (the “Rollover Reserve Cap”). The borrowers’ upfront de-posit 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. 25, Little Rock Self Storage Portfolio, the CapEx Reserve Cap is equal to $57,432. The borrowers will have no obligation to make any replacement reserve monthly deposit on any monthly payment date to the extent the amount of replacement reserve funds on deposit in the re-placement reserve account equals or exceeds an amount equal to the sum of 24 replacement reserve monthly deposits. |
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(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. 2, 11 West 42nd Street, the Largest Tenant, Michael Kors (USA), Inc, has 330 square feet of storage space that expires on November 30, 2023, 6,436 square feet of office space that expires on March 31, 2025; 236,974 square feet of office and storage space that expires on March 31, 2026 and 10,745 square feet of office space that expires on September 30, 2029.
With respect to Loan No. 2, 11 West 42nd Street, the Fourth Largest Tenant, Kohn Pedersen Fox Asso-ciates, P.C., has 15,400 square feet of office space that expires on April 30, 2027 and 77,388 square feet of office space that expires on May 31, 2038.
With respect to Loan No. 9, Four Points Flushing, the tenant Dock 3366 has 2,903 square feet expiring on June 30, 2029, and 8,265 square feet expiring on January 31, 2033.
With respect to Loan No. 14, Oxmoor Center, the Largest Tenant, Macy’s, has 271,390 square feet of retail space that expires on January 31, 2026, and 6,951 square feet of storage space that expires on July 31, 2025.
With respect to Loan No. 15, Heritage Plaza, Lime Rock Management LP extended its lease through October 31, 2029 after the loan origination date. The tenant has the option to extend its lease, as amended, to the date that is 135 full calendar months (the ""Ten Year Option"") following the first exten-sion period commencement date of April 1, 2024. In the event the tenant exercises the Ten-Year Option, the lease expiration will be June 30, 2035.
With respect to Loan No. 24, Green Acres, the Largest Tenant, Macy’s, leases 266,676 square feet ex-piring on August 18, 2026 and 123,827 square feet expiring on July 31, 2034.
With respect to Loan No. 24, 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.
With respect to Loan No. 24, Green Acres, the Fourth Largest Tenant, BJ’s Wholesale Club, leases 127,750 square feet and includes a recently executed lease for a 5,000 square feet fueling station that has an expected rent commencement date of September 1, 2023. |
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(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.
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the Largest Tenant at the Romulus – Huron Mortgaged Property, Renaissance Global Logistics, LLC, occupies one space totaling 370,514 square feet with a lease expiration date of August 31, 2025, one space totaling 185,870 square feet with a lease expiration date of October 31, 2026 and one space totaling 270,220 square feet with a lease expiration date of January 31, 2027.
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the Largest Tenant at Cleveland American Industrial Mortgaged Property, Graphic Packaging International, LLC, occupies one space totaling 23,016 square feet on a month-to-month basis and one space totaling 150,743 square feet with a lease expiration date of November 30, 2025.
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the Second Largest Tenant at Cleveland American Industrial Mortgaged Property, TRG Studios, Inc., occupies one space totaling 37,619 square feet with a lease expiration date of September 30, 2025 and one space totaling 118,904 square feet with a lease expiration date of July 31, 2031.
With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the sole tenant at the Invacare Mortgaged Property, Invacare Corporation, and two affiliated companies filed for Chapter 11 bankruptcy in January 2023 in the United States Bankruptcy Court for the Southern District of Texas, Houston Division. In May 2023 Invacare Corporation and such affiliated companies emerged from Chapter 11 bankruptcy. Concurrently with such emergence, Invacare Corporation executed an amended and restated lease that, among other things, (i) reduced the term of its original lease by 7 years (from an original term expiring on April 30, 2035 to an amended term expiring on April 30, 2028) and (ii) added a termination option as described under “Description of the Mortgage Pool—Tenant Issues—Unilateral Lease Termination Rights” in the prospectus.
With respect to Loan No. 18, Museum Tower, the Largest Tenant, Stearns Weaver Miller, has the right to terminate its lease of space on the 20th floor totaling approximately 13,640 SF with 120 days’ written notice. The Third Largest Tenant, GSA-Federal Public Defenders, has the ongoing right to terminate its lease after March 2032 with 120 days’ written notice. Additionally, the Fifth Largest Tenant, Miami Dade TPO, has the ongoing right to terminate its lease after June 2025 with 180 days’ written notice and payment of a termination fee equal to unamortized TI/LCs
With respect to Loan No. 18, Museum Tower, the Second Largest Tenant, Mana Miami Management, LLC, is a borrower-affiliate. The related lease is guaranteed by the loan sponsors and runs through April 2038, approximately ten years beyond the mortgage loan maturity.
With respect to Loan No. 19, Grogan Portfolio, the sole tenant at the Sweet Sam’s Factory mortgaged property, Sweet Sam’s Baking Company, LLC, is a guarantor affiliate. The related lease is guaranteed by the non-recourse carve-out guarantor through the loan maturity date.
With respect to Loan No. 20, RH HQ, in the event the sole tenant at the related Mortgaged Property, Restoration Hardware, does not exercise its renewal option, it is required to surrender (i) approximately 1/3rd of its space twelve months prior to the related lease expiration date in May 2028 and (ii) approximately 1/3rd more of its space six months prior to such lease expiration date. On each surrender date, as applicable, the related rent is required to be proportionally adjusted to reflect the remaining portion of the space Restoration Hardware has the right to occupy. |
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(23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 2, 11 West 42nd Street, the Fifth Largest Tenant, Burberry (Wholesale) Limited, has the option to terminate its lease on December 31, 2033 by giving a 20 months’ prior written notice and paying a termination fee. With respect to Loan No. 7, Cumberland Mall, the Second Largest Tenant, Round 1 Bowling & Amusement (""Round 1”), has the right to terminate its lease if between March 2026 and the last day of February 2027 Round 1’s net sales fail to exceed $7,500,000. Round 1 has 90 days following such one year period to terminate its lease by providing the landlord with 180 days’ prior notice and payment of a termination fee equal to the unamortized portion of its construction allowance and the broker fee paid by the landlord to Round 1’s broker. Additionally, if for a period of 18 months (x) less than 65% of the square footage within the in-line area of the Mortgaged Property and two anchor tenants (excluding the leased premises) are operating and open for business with the general public and (y) Round 1’s net sales have declined by more than 10%, Round 1 may elect to terminate its lease by providing 90 days’ advance written notice to the landlord within 60 days following such 18-month period. With respect to Loan No. 7, Cumberland Mall, the Third Largest Tenant, Dick's Sporting Goods (“DSG”) may terminate its lease if Foot Locker prohibits or otherwise restricts DSG’s use of its leased premises via Foot Locker's exclusivity right and such failure continues for 15 days following written notice from DSG to the landlord. Additionally, DSG will pay the lesser of 3% of its gross sales and minimum rent if Costco and Macy’s (or their acceptable replacement tenants) and at least 65% of the remaining interior in-line area of the Mortgaged Property are not open, fully staffed, stocked and operated in substantially all of the respective premises for over 180 days (the “Ongoing Co-Tenancy Requirement”) from the beginning of the first full calendar month following such 180 day period and continuing until the month the Ongoing Co-Tenancy Requirement is rectified. If the violation continues for over 12 months, DSG can terminate its lease by providing 60 days’ prior written notice to the landlord within 60 days following the expiration of such 12-month period. With respect to Loan No. 7, Cumberland Mall, the Fifth Largest Tenant, H&M, may terminate its lease if (x) its net sales fail to exceed $7,050,000 between January 1, 2027 and December 31, 2027 or (y) its net sales fail to exceed $7,755,000 between January 1, 2029 and December 31, 2029, in either case by providing 365 days’ prior written notice to the landlord within 180 days following the expiration of such 12-month period and payment of a termination fee equal to 50% of the unamortized portion of its construction allowance (amortized on a straight-line basis over 10 years commencing on the date H&M opened for business at the Cumberland Mall Mortgaged Property). With respect to Loan No. 7, Cumberland Mall, the Fifth Largest Tenant by underwritten base rent, Foot Locker, had its lease expire on April 30, 2023. Foot Locker is still open and operating in its leased space while it continues negotiating a lease extension with the landlord. There is no assurance that Foot Locker will continue to be open and operate its space or that it will reach an agreement to extend its lease with the landlord. With respect to Loan No. 10, Back Bay Office, the Largest Tenant, Wayfair, is currently dark in the entirety of its space. As of the origination date, Wayfair is current on rent and has no termination or contraction options during its lease term expiring in December 2031. With respect to Loan No. 10, Back Bay Office, the Largest Tenant, Wayfair, subleases 19,523 SF (representing 1.5% of total NRA at the Back Bay Office Mortgaged Property) of its space to Drift.com for $57.50 per SF pursuant to a sublease which expires on December 31, 2024. With respect to Loan No. 10, Back Bay Office, the Fourth Largest Tenant, Cooley, has the one time right to terminate its space on the 16th floor (14,562 SF) as of May 31, 2025 with between 12 to 18 months' written notice and the payment of a termination fee equal to three months of net rent and operating costs for the period immediately following the termination option, plus the unamortized pro-rata extension transaction cost. |
(24) | With respect to Loan No. 2, 11 West 42nd Street, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower.
With respect to Loan No. 3, Short Pump Town Center, so long as Forest City Realty Trust, LLC (or an affiliate) is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the mortgage loan amount, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the lender in the enforcement of the related guaranty or the preservation of the lender’s rights under such guaranty.
With respect to Loan No. 21, Select Parking NYC Portfolio, the sole tenant at each of the Select Parking NYC Portfolio properties is an affiliate of the borrower sponsor and carveout guarantor who also guarantees the lease. |
(25) | Each letter identifies a group of related borrowers. |
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(26) | The classification of the lockbox types is described in the prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus for further details.
With respect to Loan No. 4, Brookview Commons, there is no lockbox/cash management arrangement.
With respect to Loan No. 24, 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 docu-ments, and the borrowers will have access to the funds in the lockbox account and use the lockbox ac-count as an operating account so long as no trigger period continues. During the continuance of a trig-ger 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. |
(27) | With respect to Loan No. 1, Gateway Center South, the Mortgaged Property benefits from an ICIP tax abatement, which provides for a 50% exemption in the 2022/2023 and 2023/2024 tax years, which then phases down by 10% annually, resulting in a 40% exemption in the 2024/2025 tax year, a 30% exemp-tion in the 2025/2026 tax year, a 20% exemption in the 2026/2027 tax year, and a 10% exemption in the 2027/2028 tax year, and expires thereafter. The Gateway Center South whole loan was underwritten based on the abated taxes.
With respect to Loan No 9, Four Points Flushing, the mortgaged property receives benefits under the Industrial and Commercial Abatement Program (“ICAP”). The ICAP benefits began in 2020/2021 and will continue for a period of 15 years.
With respect to Loan No. 24, 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 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 bor-rowers 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 bor-rowers to comply with the PILOT Agreements may result in an early termination of the PILOT Agree-ments 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. 12, The Widener Building, 69,420 square feet of the mortgaged property (representing approximately 15.7% of gross rentable area) is leased to an affiliate of the borrower pursuant to the related master lease dated as of June 9, 2023. The master lease is scheduled to expire on June 30, 2033. The borrower may terminate all or a portion of the Master Lease on the date that (i) Philadelphia Municipal Court any other third-party tenant signs a new lease covering all or a portion of the space leased under the Master Lease and (ii) the applicable third-party tenant begins to pay rent under such lease. In the event that a third-party replacement tenant occupies the entirety of the space currently leased under the Master Lease, the amount of rent payable by such third-party tenant may be lower than the amount of rent currently payable by the master tenant under the Master Lease if the lender determines that The Widener Building Property has achieved a 92.5% occupancy rate (without taking into account the master lease). During the first five years of the master lease term, the annual rent under the master lease is $1,735,500, representing approximately 27.0% of underwritten net cash flow from the mortgaged property, and the underwritten debt-service coverage ratio for The Widener Building mortgage loan calculated without including the master lease rent is 1.21x. Commencing in year six of the master lease term, the annual rent increases to $1,822,275 for the remainder of the master lease term. |
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(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. 4, Brookview Commons, the mortgaged property is located in a Qualified Opportunity Zone.
With respect to Loan No, 9, Four Points Flushing, the mortgaged property is located in a Qualified Opportunity Zone.
With respect to Loan No. 16, Cosmos Portfolio, the 6582 Peachtree Industrial Blvd mortgaged property is located in a Qualified Opportunity Zone.
With respect to Loan No. 22, Prime Storage Portfolio #3, the Prime Storage Queens Jamaica, Prime Storage Hardeeville, Prime Storage Saco and Prime Storage North Miami mortgaged properties are located in a Qualified Opportunity Zone. |
(30) | With respect to Loan No. 7, Cumberland Mall, the borrowers may obtain the release of (A) one or more vacant, non-income producing and unimproved parcels (including “air rights” parcels but excluding any anchor tenant parcel), including, without limitation, certain pre-approved release parcels set forth in the Cumberland Mall whole loan documents or (B) any Acquired Parcel (as defined below) or any other parcel of land constituting an integral part of, or adjoining to the shopping center of which the Cumberland Mall property is a part and is not owned by the borrower on the origination date (each, an “Expansion Parcel”), including any anchor tenant parcel that is an Expansion Parcel, upon satisfaction of specified conditions including, among other things, that (i) there is no event of default, (ii) the parcel subject to the release is not necessary for the remaining Cumberland Mall Property to comply with zoning or legal requirements, (iii) confirmation that the release will not result in the downgrade, withdrawal or qualification of the then current rating assigned to any class of certificates, (iv) the release will not result in a loan-to-value ratio that does not comply with REMIC guidelines, provided that the borrowers may prepay the Cumberland Mall whole loan, without any prepayment fee or yield maintenance premium, to achieve such condition, and (v) the release will not result in a material diminution in the value of the Cumberland Mall Property. With respect to Loan No. 7, Cumberland Mall, the borrowers are permitted to obtain the release of collateral parcels (an “Exchange Parcel”) from the lien of the mortgage in exchange for the substitution of new parcels in which the borrowers acquire a fee or leasehold interest (each, an “Acquired Parcel”) as collateral for the Cumberland Mall whole loan upon 20 days prior notice, subject to the satisfaction of certain conditions, including among other things, that: (i) the Exchange Parcel is vacant, non-income producing and unimproved or improved only by landscaping, surface parking or utility facilities that are readily relocatable or that will continue to serve the Cumberland Mall Property, (ii) the Acquired Parcel is reasonably equivalent in value to the Exchange Parcel, as established by a letter of value from the appraiser which appraised the Cumberland Mall Property or an appraiser of comparable experience selected by the borrowers, (iii) with respect to the Acquired Parcel, the borrowers have delivered, among other things (a) an environmental report indicating no hazardous substances except for nominal amounts (except as permitted under clause (d) below), (b) security documents creating a mortgage lien on the Acquired Parcel, and title insurance, (c) if the Acquired Parcel is improved, subject to certain exceptions, a property condition report indicating that the Acquired Parcel is in good condition and (d) if repairs are recommended by the property condition report or if the environmental report discloses the presence of hazardous materials at the Acquired Parcel, in each case in an amount equal to or greater than $10,000,000, cash or an indemnity from the guarantor, certain of its affiliates, or an entity otherwise meeting ratings or financial tests set forth in the Cumberland Mall whole loan documents, in an amount equal to 125% of any estimated repairs or remediation costs, as applicable, (iv) the substitution will not result in a loan-to-value ratio that does not comply with REMIC guidelines, provided that the borrowers may prepay the Cumberland Mall whole loan, without any prepayment fee or yield maintenance premium, to achieve such condition, (v) the borrowers acquire fee or leasehold title in the Acquired Parcel and (vi) the lender has received a rating agency confirmation from the applicable rating agencies, unless the applicable rating agency declines or fails to respond to the request for such confirmation. With respect to Loan No. 10, Back Bay Office, in reference to the cash management trigger, the low debt yield trigger will activate if the debt yield is less than 9.10% for the Back Bay Office whole loan or the aggregate debt yield is less than 8.50% for the Back Bay Office whole loan and Back Bay Office Mezzanine Loan. With respect to Loan No. 15, Heritage Plaza, the borrower is required to pay to the lender, concurrently with the closing of a prospective transfer, non-refundable assumption fees in an amount equal to $250,000 (or, if material modifications of the loan documents are required in connection with such transfer due to a request by the borrower or the transferee, an amount equal to $350,000). With respect to Loan No. 24, Green Acres, the lender is insured under an environmental insurance policy obtained (i) in lieu of obtaining a Phase II Environmental Site Assessment, (ii) in lieu of providing an indemnity or guaranty from a borrower sponsor or (iii) to address environmental conditions or concerns. For additional information, see “Risk Factors—Risks Related to the Mortgage Loans—Adverse Environmental Conditions at or Near Mortgaged Properties May Result in Losses” and “Description of the Mortgage Pool—Environmental Considerations” in this Preliminary Prospectus. |
(31) | With respect to Loan No. 10, Back Bay Office, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily driven by six leases which commenced or renewed/extended in October 2022 or later, representing 11.6% of the net rentable area, the rent average benefit for investment grade and law firm tenants included in a legal industry magazine listing of the top 100 United States law firms by revenue, contractual rent steps, and an increase in recoveries. |
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(32) | Intentionally blank |
(33) | With respect to Loan No. 5, ICP/IRG Holdings Portfolio, the borrowers own the related mortgaged property as tenants–in–common.
With respect to Loan No. 11, Harborside 2-3, the borrowers own the related mortgaged property as tenants– in–common.
With respect to Loan No. 12, The Widener Building, the mortgage loan has one or more borrowers that own all or a portion of the related mortgaged property as tenants–in–common, and the respective tenants-in-common have agreed to a waiver of their rights of partition. |
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