FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-255934-11 | ||
BMO 2024-C8 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, Morgan Stanley & Co. LLC, UBS Securities, LLC, Academy Securities, Inc., Bancroft Capital, LLC, Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State | Zip Code | General Property Type |
1 | 25 | 2 | ||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 9.9% | 100.0% | GSBI, MSBNA, BMO | GSMC, BMO | NAP | NAP | 7 Backus Avenue | Danbury | Fairfield | CT | 06810 | Retail |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 9.5% | 100.0% | MSBNA | MSMCH, BMO | NAP | NAP | 60 Hudson Street | New York | New York | NY | 10013 | Other |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 9.5% | 100.0% | SMC | SMC | NAP | NAP | 72 Pavilion Parkway | Fayetteville | Fayette | GA | 30214 | Retail |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 8.5% | DBRI | GACC | NAP | NAP | Various | Various | Various | Various | Various | Industrial | |
4.01 | Property | 1 | 8662 Main Street | 2.0% | 23.1% | 8662 Main Street | Honeoye | Ontario | NY | 14471 | Industrial | |||||
4.02 | Property | 1 | 910 Vision Drive | 2.0% | 23.0% | 910 Vision Drive | Van Wert | Van Wert | OH | 45891 | Industrial | |||||
4.03 | Property | 1 | 4700 South Westmoreland Road | 1.3% | 15.2% | 4700 South Westmoreland Road | Dallas | Dallas | TX | 75237 | Industrial | |||||
4.04 | Property | 1 | 2110 Patterson Street | 1.0% | 11.7% | 2110 Patterson Street | Decatur | Adams | IN | 46733 | Industrial | |||||
4.05 | Property | 1 | 26 Maple Avenue | 1.0% | 11.2% | 26 Maple Avenue | Bloomfield | Ontario | NY | 14469 | Industrial | |||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | 0.7% | 7.8% | 8720 US 70 Business Highway West | Clayton | Johnston | NC | 27520 | Industrial | |||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | 0.4% | 4.6% | 1445 Timber Wolf Drive | Holland | Lucas | OH | 43528 | Industrial | |||||
4.08 | Property | 1 | 1060 State Highway 10 | 0.3% | 3.3% | 1060 State Highway 10 | Clinton | De Witt | IL | 61727 | Industrial | |||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 8.5% | 100.0% | CREFI | CREFI | NAP | NAP | 441 East Erie Street | Chicago | Cook | IL | 60611 | Multifamily |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 5.5% | CREFI | CREFI | NAP | NAP | Various | Crossville | Cumberland | TN | 38555 | Industrial | |
6.01 | Property | 1 | Porcelain Tile Drive | 3.4% | 63.0% | 301 Porcelain Tile Drive | Crossville | Cumberland | TN | 38555 | Industrial | |||||
6.02 | Property | 1 | Sweeney Drive | 2.0% | 37.0% | 297-349 Sweeney Drive | Crossville | Cumberland | TN | 38555 | Industrial | |||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 5.1% | 100.0% | WFBNA, CREFI, DBRI, SGFC | GACC | Group A | NAP | 7000 and 7600 Arundel Mills Circle | Hanover | Anne Arundel | MD | 21076 | Retail |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 5.0% | 100.0% | ZBNA | ZBNA | NAP | NAP | 5115, 5157, 5203, 5221, 5225, 5235 and 5329 Monroe Street | Toledo | Lucas | OH | 43623 | Retail |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 3.7% | 100.0% | DBRI | GACC | NAP | NAP | 3525 Valley Centre Drive | San Diego | San Diego | CA | 92130 | Hospitality |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 3.4% | 100.0% | CREFI | CREFI | NAP | NAP | 1500 and 1710 Southeast East Devils Lake Road, 1041 and 1121 East Oar Avenue | Lincoln City | Lincoln | OR | 97367 | Retail |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 2.9% | 100.0% | BMO, Barclays, BANA | BMO | Group A | NAP | 5 Woodfield Mall | Schaumburg | Cook | IL | 60173 | Retail |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 2.9% | 100.0% | LMF | LMF | NAP | NAP | 9700 Medlock Bridge Road | Duluth | Fulton | GA | 30097 | Retail |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 2.3% | 100.0% | LCF | LCF | Group B | NAP | 3067 Route 50 | Saratoga Springs | Saratoga | NY | 12866 | Retail |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 2.0% | 100.0% | LCF | LCF | Group B | NAP | 141 Gallery Center Drive | Mooresville | Iredell | NC | 28117 | Retail |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 1.8% | 100.0% | BMO | BMO | NAP | NAP | 365 Mauldin Road | Central | Pickens | SC | 29630 | Industrial |
16 | Loan | 1 | UOVO Livermore | 1.4% | 100.0% | BMO | BMO | NAP | NAP | 5593 La Ribera Street | Livermore | Alameda | CA | 94550 | Self Storage | |
17 | Loan | 1 | Texas Parkway Shopping Center | 1.1% | 100.0% | LMF | LMF | NAP | NAP | 2192 Texas Parkway | Missouri City | Fort Bend | TX | 77489 | Retail | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | 1.1% | BMO | BMO | NAP | NAP | Various | Various | Various | IN | Various | Office | |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | 0.3% | 30.7% | 201 Main Street | Hobart | Lake | IN | 46342 | Office | |||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | 0.3% | 26.7% | 2500 Calumet Avenue | Valparaiso | Porter | IN | 46383 | Office | |||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | 0.3% | 23.3% | 204 Legacy Plaza West | La Porte | La Porte | IN | 46350 | Office | |||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | 0.2% | 19.3% | 8687 Connecticut Street | Merrillville | Lake | IN | 46410 | Office | |||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 1.1% | 100.0% | UBS AG | UBS AG | NAP | NAP | 3401-3551 Nameoki Road | Granite City | Madison | IL | 62040 | Retail |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | 1.0% | 100.0% | UBS AG | UBS AG | NAP | NAP | 1612 Wazee Street | Denver | Denver | CO | 80202 | Hospitality |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 0.9% | UBS AG | UBS AG | NAP | NAP | Various | Various | Various | Various | Various | Office | |
21.01 | Property | 1 | 1 Primerica Parkway | 0.7% | 71.4% | 1 Primerica Parkway | Duluth | Gwinnett | GA | 30099 | Office | |||||
21.02 | Property | 1 | 701 Clay Avenue | 0.3% | 28.6% | 701 Clay Avenue | Waco | McLennan | TX | 76706 | Office | |||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | 0.9% | 100.0% | BSPRT | BSPRT | NAP | NAP | 5486 Saint Barnabas Road | Oxon Hill | Prince George's | MD | 20745 | Retail |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | 0.8% | 100.0% | NCCB | NCB | NAP | NAP | 141-05 Northern Boulevard and 139-50 35th Avenue | Flushing | Queens | NY | 11354 | Multifamily |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | 0.8% | 100.0% | NCCB | NCB | NAP | NAP | 30 East 95th Street | New York | New York | NY | 10128 | Multifamily |
25 | Loan | 4, 19 | 1 | Polly's Country Market | 0.7% | 100.0% | BSPRT | BSPRT | NAP | NAP | 1255 South Main Street | Chelsea | Washtenaw | MI | 48118 | Retail |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | 0.6% | 100.0% | LCF | LCF | Group B | NAP | 3720 Highway 14 | Millbrook | Elmore | AL | 36054 | Retail |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | 0.6% | 100.0% | LCF | LCF | Group B | NAP | 2008 West Palma Vista Drive | Palmview | Hidalgo | TX | 78572 | Retail |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 0.6% | 100.0% | ZBNA | ZBNA | NAP | NAP | 1002 Earth Road | Saint Mary's | Elk | PA | 15857 | Hospitality |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | 0.6% | BMO | BMO | NAP | NAP | Various | Brownsville | Haywood | TN | 38012 | Manufactured Housing | |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | 0.4% | 77.6% | 71 Will Evans Road | Brownsville | Haywood | TN | 38012 | Manufactured Housing | |||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | 0.1% | 22.4% | 10481 Tibbs Road | Brownsville | Haywood | TN | 38012 | Manufactured Housing | |||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | 0.6% | 100.0% | NCCB | NCB | NAP | NAP | 102-21 63rd Road | Forest Hills | Queens | NY | 11375 | Multifamily |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | 0.5% | 100.0% | NCCB | NCB | NAP | NAP | 147-02/147-20 84th Road a/k/a 147-10/147-14 84th Road | Briarwood | Queens | NY | 11435 | Multifamily |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | 0.5% | 100.0% | LCF | LCF | Group B | NAP | 705 West Center Street | Greenwood | Sebastian | AR | 72936 | Retail |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | 0.4% | 100.0% | NCB | NCB | NAP | NAP | 831/839 West End Avenue a/k/a 300/308 West 101st Street | New York | New York | NY | 10025 | Multifamily |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | 0.4% | 100.0% | NCCB | NCB | NAP | NAP | 241 Rumsey Road | Yonkers | Westchester | NY | 10705 | Multifamily |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | 0.4% | 100.0% | NCCB | NCB | NAP | NAP | 325 East 72nd Street | New York | New York | NY | 10021 | Multifamily |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | 0.4% | 100.0% | NCCB | NCB | NAP | NAP | 142-15 Franklin Avenue | Flushing | Queens | NY | 11355 | Multifamily |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | 0.4% | 100.0% | NCCB | NCB | NAP | NAP | 144-30 Sanford Avenue | Flushing | Queens | NY | 11355 | Multifamily |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | 0.4% | 100.0% | NCCB | NCB | NAP | NAP | 137-149 West 12th Street | New York | New York | NY | 10011 | Multifamily |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | 0.4% | 100.0% | NCCB | NCB | NAP | NAP | 469-475 Broome Street a/k/a 55 Greene Street | New York | New York | NY | 10013 | Multifamily |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | 0.3% | 100.0% | NCB | NCB | NAP | NAP | 6209-15 JFK Boulevard East | West New York | Hudson | NJ | 07093 | Multifamily |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | 0.3% | 100.0% | NCB | NCB | NAP | NAP | 536 West 111th Street | New York | New York | NY | 10025 | Multifamily |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | 0.3% | 100.0% | NCCB | NCB | NAP | NAP | 70 North Grove Street | Freeport | Nassau | NY | 11520 | Multifamily |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | 0.3% | 100.0% | NCCB | NCB | NAP | NAP | 306 West 100th Street a/k/a 306/310 West 100th Street | New York | New York | NY | 10025 | Multifamily |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | 0.2% | 100.0% | NCB | NCB | NAP | NAP | 5-11 Secora Road | Monsey | Rockland | NY | 10952 | Multifamily |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | 0.2% | 100.0% | NCB | NCB | NAP | NAP | 43 North Forest Avenue | Rockville Centre | Nassau | NY | 11570 | Multifamily |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 2669/2675 Broadway a/k/a 240 West 102nd Street | New York | New York | NY | 10025 | Multifamily |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 29 West 10th Street | New York | New York | NY | 10011 | Multifamily |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | 0.2% | 100.0% | NCB | NCB | NAP | NAP | 1160 Richmond Road | Staten Island | Richmond | NY | 10304 | Multifamily |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 325 East 80th Street a/k/a 323 -329 East 80th Street | New York | New York | NY | 10075 | Multifamily |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 222 Smith Street | Freeport | Nassau | NY | 11520 | Multifamily |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | 0.2% | 100.0% | NCB | NCB | NAP | NAP | 1548 Route 9 | Wappingers Falls | Dutchess | NY | 12590 | Multifamily |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 134/136 West 82nd Street | New York | New York | NY | 10024 | Multifamily |
A-1 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 % | Net Mortgage Rate % |
2 | 3 | 6, 7 | 6, 7 | 6, 7 | 11 | 8 | ||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | Super Regional Mall | 1986 | 2007, 2017 | 923,598 | SF | 167.82 | 68,000,000 | 68,000,000 | 66,533,652 | 6.38600% | 0.01608% | 6.36992% |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | Data Center | 1930 | 2013 | 1,149,619 | SF | 243.56 | 65,000,000 | 65,000,000 | 65,000,000 | 5.88500% | 0.01733% | 5.86767% |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | Anchored | 1995, 2023 | NAP | 1,063,840 | SF | 88.48 | 65,000,000 | 65,000,000 | 65,000,000 | 6.95600% | 0.03608% | 6.91992% |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | Various | Various | Various | 1,138,969 | SF | 51.28 | 58,410,000 | 58,410,000 | 58,410,000 | 6.75000% | 0.01608% | 6.73392% |
4.01 | Property | 1 | 8662 Main Street | Warehouse/Manufacturing | 1980 | 2016 | 262,324 | SF | 13,516,000 | 13,516,000 | 13,516,000 | |||||
4.02 | Property | 1 | 910 Vision Drive | Manufacturing | 2024 | NAP | 205,000 | SF | 13,463,000 | 13,463,000 | 13,463,000 | |||||
4.03 | Property | 1 | 4700 South Westmoreland Road | Warehouse/Distribution | 1986 | NAP | 136,209 | SF | 8,904,000 | 8,904,000 | 8,904,000 | |||||
4.04 | Property | 1 | 2110 Patterson Street | Manufacturing | 1971 | 2003 | 182,407 | SF | 6,812,000 | 6,812,000 | 6,812,000 | |||||
4.05 | Property | 1 | 26 Maple Avenue | Manufacturing | 1991 | 2010 | 126,126 | SF | 6,544,000 | 6,544,000 | 6,544,000 | |||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | Manufacturing | 1976 | NAP | 100,486 | SF | 4,559,000 | 4,559,000 | 4,559,000 | |||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | Manufacturing | 1994 | 2015 | 63,588 | SF | 2,682,000 | 2,682,000 | 2,682,000 | |||||
4.08 | Property | 1 | 1060 State Highway 10 | Warehouse/Manufacturing | 1969 | 1993 | 62,829 | SF | 1,930,000 | 1,930,000 | 1,930,000 | |||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | High Rise | 1986 | 2015 | 716 | Units | 189,944.13 | 58,000,000 | 58,000,000 | 58,000,000 | 6.88000% | 0.02483% | 6.85517% |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | Manufacturing/Warehouse | Various | Various | 949,281 | SF | 39.29 | 37,300,000 | 37,300,000 | 37,300,000 | 7.01000% | 0.01608% | 6.99392% |
6.01 | Property | 1 | Porcelain Tile Drive | Manufacturing/Warehouse | 2000 | 2019 | 586,477 | SF | 23,499,000 | 23,499,000 | 23,499,000 | |||||
6.02 | Property | 1 | Sweeney Drive | Manufacturing/Warehouse | 1980, 1985, 1995, 2005 | NAP | 362,804 | SF | 13,801,000 | 13,801,000 | 13,801,000 | |||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | Super Regional Mall | 2000, 2002, 2012 | NAP | 1,938,983 | SF | 185.66 | 35,000,000 | 35,000,000 | 35,000,000 | 7.70100% | 0.01733% | 7.68367% |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | Anchored | 1970-1972, 1974, 1990-1991, 2005, 2014-2015, 2017 | 2016, 2023 | 543,378 | SF | 63.49 | 34,500,000 | 34,500,000 | 34,500,000 | 6.87000% | 0.01608% | 6.85392% |
9 | Loan | 19 | 1 | Residence Inn Del Mar | Extended Stay | 2013 | 2020 | 118 | Rooms | 211,864.41 | 25,000,000 | 25,000,000 | 25,000,000 | 7.00300% | 0.01608% | 6.98692% |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | Outlet Center | 1989 | 1996 | 255,608 | SF | 90.62 | 23,162,500 | 23,162,500 | 23,162,500 | 7.15000% | 0.01608% | 7.13392% |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Super Regional Mall | 1971, 1995 | 2015, 2016, 2018 | 1,064,590 | SF | 247.98 | 20,000,000 | 20,000,000 | 20,000,000 | 6.335403409% | 0.01608% | 6.319323409% |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | Anchored | 1998 | NAP | 159,577 | SF | 168.26 | 19,850,000 | 19,850,000 | 19,850,000 | 7.29000% | 0.01608% | 7.27392% |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | Single Tenant | 1992 | NAP | 116,620 | SF | 132.91 | 15,500,000 | 15,500,000 | 15,500,000 | 7.03000% | 0.01608% | 7.01392% |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | Single Tenant | 2000 | NAP | 108,528 | SF | 124.39 | 13,500,000 | 13,500,000 | 13,500,000 | 7.03000% | 0.01608% | 7.01392% |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | Manufacturing | 1950 | 2024 | 360,000 | SF | 33.33 | 12,000,000 | 12,000,000 | 11,066,002 | 7.10000% | 0.01608% | 7.08392% |
16 | Loan | 1 | UOVO Livermore | Self Storage | 1999 | NAP | 21,568 | SF | 440.47 | 9,500,000 | 9,500,000 | 9,500,000 | 6.48000% | 0.01608% | 6.46392% | |
17 | Loan | 1 | Texas Parkway Shopping Center | Anchored | 1981 | NAP | 84,331 | SF | 89.82 | 7,575,000 | 7,575,000 | 7,575,000 | 7.68000% | 0.01608% | 7.66392% | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | Medical | Various | Various | 40,577 | SF | 184.83 | 7,500,000 | 7,500,000 | 7,500,000 | 6.84100% | 0.01608% | 6.82492% |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | Medical | 1972 | 2000, 2013 | 15,003 | SF | 2,300,000 | 2,300,000 | 2,300,000 | |||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | Medical | 1988 | 1995, 2019 | 10,200 | SF | 2,000,000 | 2,000,000 | 2,000,000 | |||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | Medical | 1997 | 2012, 2015 | 7,519 | SF | 1,750,000 | 1,750,000 | 1,750,000 | |||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | Medical | 1978 | 1981, 2016 | 7,855 | SF | 1,450,000 | 1,450,000 | 1,450,000 | |||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | Anchored | 1969, 1986, 2004, 2005 | 2004, 2006 | 155,255 | SF | 46.65 | 7,250,000 | 7,243,150 | 6,910,707 | 7.54700% | 0.01608% | 7.53092% |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | Limited Service | 1892 | 2022 | 20 | Rooms | 325,000.00 | 6,500,000 | 6,500,000 | 6,239,878 | 8.23200% | 0.01608% | 8.21592% |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Various | Various | Various | 483,084 | SF | 112.40 | 6,300,000 | 6,300,000 | 6,300,000 | 7.67100% | 0.01608% | 7.65492% |
21.01 | Property | 1 | 1 Primerica Parkway | Suburban | 2013 | NAP | 344,476 | SF | 4,499,569 | 4,499,569 | 4,499,569 | |||||
21.02 | Property | 1 | 701 Clay Avenue | CBD | 1997 | 2021 | 138,608 | SF | 1,800,431 | 1,800,431 | 1,800,431 | |||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | Anchored | 1989 | 2002 | 73,531 | SF | 81.60 | 6,000,000 | 6,000,000 | 6,000,000 | 7.08000% | 0.01608% | 7.06392% |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | Cooperative | 1956 | 2003 | 127 | Units | 41,706.55 | 5,300,000 | 5,296,732 | 4,979,664 | 6.52000% | 0.09358% | 6.42642% |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | Cooperative | 1896 | 2003 | 37 | Units | 138,892.78 | 5,150,000 | 5,139,033 | 4,526,410 | 7.29000% | 0.09358% | 7.19642% |
25 | Loan | 4, 19 | 1 | Polly's Country Market | Single Tenant | 1999 | NAP | 49,836 | SF | 98.32 | 4,900,000 | 4,900,000 | 4,900,000 | 7.42500% | 0.01608% | 7.40892% |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | Single Tenant | 2008 | NAP | 14,820 | SF | 283.40 | 4,200,000 | 4,200,000 | 4,200,000 | 7.03000% | 0.01608% | 7.01392% |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | Single Tenant | 2012 | NAP | 14,820 | SF | 276.65 | 4,100,000 | 4,100,000 | 4,100,000 | 7.03000% | 0.01608% | 7.01392% |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | Limited Service | 1997 | NAP | 57 | Rooms | 70,110.17 | 4,000,000 | 3,996,280 | 3,548,478 | 7.67200% | 0.01608% | 7.65592% |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | RV Park | 2023 | NAP | 78 | Spaces | 49,358.97 | 3,850,000 | 3,850,000 | 3,850,000 | 8.61500% | 0.01608% | 8.59892% |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | RV Park | 2023 | NAP | 60 | Spaces | 2,989,030 | 2,989,030 | 2,989,030 | |||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | RV Park | 2023 | NAP | 18 | Spaces | 860,970 | 860,970 | 860,970 | |||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | Cooperative | 1955 | 2013 | 84 | Units | 45,778.62 | 3,850,000 | 3,845,404 | 3,674,093 | 7.33000% | 0.09358% | 7.23642% |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | Cooperative | 1952 | 2013 | 77 | Units | 46,103.90 | 3,550,000 | 3,550,000 | 3,550,000 | 6.52000% | 0.09358% | 6.42642% |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | Single Tenant | 2009 | NAP | 13,650 | SF | 227.11 | 3,100,000 | 3,100,000 | 3,100,000 | 7.03000% | 0.01608% | 7.01392% |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | Cooperative | 1902 | 2003 | 42 | Units | 71,428.57 | 3,000,000 | 3,000,000 | 3,000,000 | 6.58000% | 0.09358% | 6.48642% |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | Cooperative | 1951 | 2008 | 83 | Units | 36,144.58 | 3,000,000 | 3,000,000 | 3,000,000 | 6.54000% | 0.09358% | 6.44642% |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | Cooperative | 1926 | 2008 | 58 | Units | 49,050.11 | 2,850,000 | 2,844,906 | 2,456,821 | 6.57000% | 0.09358% | 6.47642% |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | Cooperative | 1969 | 2003 | 72 | Units | 38,152.62 | 2,750,000 | 2,746,989 | 2,361,070 | 6.43000% | 0.09358% | 6.33642% |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | Cooperative | 1960 | 2012 | 118 | Units | 22,859.50 | 2,700,000 | 2,697,421 | 2,560,852 | 6.99000% | 0.09358% | 6.89642% |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | Cooperative | 1910 | 1994 | 102 | Units | 25,980.39 | 2,650,000 | 2,650,000 | 2,244,181 | 5.95000% | 0.09358% | 5.85642% |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | Cooperative | 1873 | 2002 | 10 | Units | 247,930.73 | 2,500,000 | 2,479,307 | 2,126,881 | 6.10000% | 0.09358% | 6.00642% |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | Cooperative | 1930 | 1998 | 55 | Units | 41,198.38 | 2,270,000 | 2,265,911 | 1,954,662 | 6.53000% | 0.09358% | 6.43642% |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | Cooperative | 1910 | 2014 | 40 | Units | 56,188.07 | 2,250,000 | 2,247,523 | 2,048,233 | 6.39000% | 0.09358% | 6.29642% |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | Cooperative | 1964 | 2019 | 75 | Units | 26,666.67 | 2,000,000 | 2,000,000 | 1,715,924 | 6.40000% | 0.09358% | 6.30642% |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | Cooperative | 1910 | 2003 | 32 | Units | 62,431.66 | 2,000,000 | 1,997,813 | 1,717,624 | 6.44000% | 0.09358% | 6.34642% |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | Cooperative | 1972 | 2002 | 99 | Units | 16,551.00 | 1,650,000 | 1,638,549 | 1,412,009 | 6.30000% | 0.09358% | 6.20642% |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | Cooperative | 1939 | 2003 | 34 | Units | 44,042.26 | 1,500,000 | 1,497,437 | 1,301,238 | 6.80000% | 0.09358% | 6.70642% |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | Cooperative | 1900 | 2016 | 27 | Units | 55,394.53 | 1,500,000 | 1,495,652 | 1,319,225 | 7.32000% | 0.09358% | 7.22642% |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | Cooperative | 1900 | 2016 | 5 | Units | 298,923.87 | 1,500,000 | 1,494,619 | 1,315,007 | 7.19000% | 0.09358% | 7.09642% |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | Cooperative | 1964 | 2018 | 71 | Units | 20,422.54 | 1,450,000 | 1,450,000 | 1,245,448 | 6.44000% | 0.09358% | 6.34642% |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | Cooperative | 1927 | 2018 | 46 | Units | 28,694.70 | 1,350,000 | 1,319,956 | 14,257 | 7.68000% | 0.09358% | 7.58642% |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | Cooperative | 1959 | 2002 | 40 | Units | 32,479.44 | 1,300,000 | 1,299,177 | 1,217,163 | 6.35000% | 0.09358% | 6.25642% |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | Cooperative | 1970 | 2009 | 70 | Units | 18,505.28 | 1,300,000 | 1,295,370 | 1,140,562 | 7.22000% | 0.09358% | 7.12642% |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | Cooperative | 1885 | 2003 | 19 | Units | 63,063.38 | 1,200,000 | 1,198,204 | 1,059,376 | 7.47000% | 0.09358% | 7.37642% |
A-2 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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.) |
9 | 9 | 9 | 9 | ||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 424,720.88 | 366,899.35 | 5,096,650.56 | 4,402,792.20 | Interest Only, Amortizing Balloon | No | Actual/360 | 96 | 95 | 120 | 119 | 360 | 360 |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | 323,198.21 | NAP | 3,878,378.52 | Interest Only | No | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | NAP | 382,016.44 | NAP | 4,584,197.22 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | NAP | 333,119.53 | NAP | 3,997,434.36 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
4.01 | Property | 1 | 8662 Main Street | ||||||||||||||
4.02 | Property | 1 | 910 Vision Drive | ||||||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | ||||||||||||||
4.04 | Property | 1 | 2110 Patterson Street | ||||||||||||||
4.05 | Property | 1 | 26 Maple Avenue | ||||||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | ||||||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | ||||||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | ||||||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | NAP | 337,151.85 | NAP | 4,045,822.20 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | NAP | 220,920.47 | NAP | 2,651,045.64 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
6.01 | Property | 1 | Porcelain Tile Drive | ||||||||||||||
6.02 | Property | 1 | Sweeney Drive | ||||||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | NAP | 227,732.12 | NAP | 2,732,785.44 | Interest Only | No | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | NAP | 200,255.73 | NAP | 2,403,068.76 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
9 | Loan | 19 | 1 | Residence Inn Del Mar | NAP | 147,922.16 | NAP | 1,775,065.92 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | NAP | 139,926.70 | NAP | 1,679,120.40 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | 107,056.59 | NAP | 1,284,679.08 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | NAP | 122,263.59 | NAP | 1,467,163.08 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAP | 92,065.34 | NAP | 1,104,784.03 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAP | 80,185.94 | NAP | 962,231.25 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 80,643.84 | 71,986.11 | 967,726.08 | 863,833.32 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 36 | 120 | 120 | 360 | 360 |
16 | Loan | 1 | UOVO Livermore | NAP | 52,012.50 | NAP | 624,150.00 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
17 | Loan | 1 | Texas Parkway Shopping Center | NAP | 49,153.33 | NAP | 589,839.96 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | NAP | 43,350.09 | NAP | 520,201.08 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | ||||||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | ||||||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | ||||||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | ||||||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 50,926.59 | NAP | 611,119.08 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | 360 | 359 |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | 48,750.10 | NAP | 585,001.20 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | 40,832.09 | NAP | 489,985.08 | Interest Only | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 |
21.01 | Property | 1 | 1 Primerica Parkway | ||||||||||||||
21.02 | Property | 1 | 701 Clay Avenue | ||||||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | NAP | 35,891.67 | NAP | 430,700.04 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | 31,104.76 | NAP | 373,257.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 480 | 479 |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | 35,271.91 | NAP | 423,262.92 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 117 | 360 | 357 |
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | 30,739.84 | NAP | 368,878.08 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | 24,946.74 | NAP | 299,360.83 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | 24,352.77 | NAP | 292,233.19 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 28,441.19 | NAP | 341,294.28 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | NAP | 28,023.68 | NAP | 336,284.16 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | ||||||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | ||||||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | 24,853.39 | NAP | 298,240.68 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 116 | 480 | 476 |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | 19,556.23 | NAP | 234,674.76 | Interest Only | No | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | 18,413.07 | NAP | 220,956.81 | Interest Only - ARD | Yes | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | 16,678.47 | NAP | 200,141.64 | Interest Only | No | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | 16,577.08 | NAP | 198,924.96 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | 18,145.34 | NAP | 217,744.08 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | 17,255.47 | NAP | 207,065.64 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | 16,759.04 | NAP | 201,108.48 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 117 | 480 | 477 |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | 15,803.00 | NAP | 189,636.00 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | 15,149.87 | NAP | 181,798.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 111 | 360 | 351 |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | 14,392.76 | NAP | 172,713.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | 14,059.15 | NAP | 168,709.80 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 84 | 83 | 360 | 359 |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | 12,510.12 | NAP | 150,121.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | 12,562.55 | NAP | 150,750.60 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | 10,213.05 | NAP | 122,556.60 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 112 | 360 | 352 |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | 9,778.88 | NAP | 117,346.56 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | 10,303.96 | NAP | 123,647.52 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 116 | 360 | 356 |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | 10,171.67 | NAP | 122,060.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 115 | 360 | 355 |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | 9,107.85 | NAP | 109,294.20 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | 16,151.85 | NAP | 193,822.20 | NAP | Fully Amortizing | No | Actual/360 | 0 | 0 | 120 | 116 | 120 | 116 |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | 7,472.45 | NAP | 89,669.40 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 480 | 479 |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | 8,841.85 | NAP | 106,102.20 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 115 | 360 | 355 |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | 8,365.94 | NAP | 100,391.28 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 |
A-3 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
11 | 11 | 10 | 10 | 12 | 31 | 16 | ||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 1/25/2024 | 1 | 6 | 3/6/2024 | 3/6/2032 | 2/6/2034 | 2/6/2034 | 5 | 0 | L(25),YM1(88),O(7) | 41,365,921 | 10,954,495 | 30,411,426 | 9/30/2023 | T-12 | 38,671,562 |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 9/6/2023 | 5 | 1 | 11/1/2023 | NAP | 10/1/2033 | 10/1/2033 | 5 | 0 | L(29),D(86),O(5) | 124,308,174 | 50,782,190 | 73,525,984 | 6/30/2023 | T-12 | 112,940,517 |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 2/8/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | L(24),D(90),O(6) | 13,486,408 | 3,370,495 | 10,115,913 | 1/31/2024 | T-12 | 13,435,114 |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 1/24/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2034 | 2/6/2034 | 0 | 0 | L(11),YM1(14),DorYM1(88),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
4.01 | Property | 1 | 8662 Main Street | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.02 | Property | 1 | 910 Vision Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.04 | Property | 1 | 2110 Patterson Street | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.05 | Property | 1 | 26 Maple Avenue | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 11/27/2023 | 3 | 6 | 1/6/2024 | NAP | 12/6/2033 | 12/6/2033 | 0 | 0 | L(27),YM1(86),O(7) | 18,536,311 | 8,365,611 | 10,170,700 | 7/31/2023 | T-12 | 18,010,837 |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 2/16/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | YM1(24),DorYM1(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
6.01 | Property | 1 | Porcelain Tile Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
6.02 | Property | 1 | Sweeney Drive | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 10/5/2023 | 4 | 1 | 12/1/2023 | NAP | 11/1/2033 | 11/1/2033 | 0 | 0 | L(28),D(86),O(6) | 69,724,516 | 18,198,782 | 51,525,734 | 8/31/2023 | T-12 | 69,984,212 |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 12/21/2023 | 2 | 6 | 2/6/2024 | NAP | 1/6/2034 | 1/6/2034 | 0 | 0 | L(26),D(89),O(5) | 6,383,258 | 2,079,640 | 4,303,618 | 10/31/2023 | T-12 | 6,830,168 |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 2/26/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | L(24),D(89),O(7) | 7,785,816 | 4,209,911 | 3,575,905 | 12/31/2023 | T-12 | 7,505,887 |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 2/13/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 5 | 0 | L(24),D(89),O(7) | 5,922,823 | 2,513,034 | 3,409,789 | 11/30/2023 | T-12 | 5,756,182 |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 11/22/2023 | 3 | 1 | 1/1/2024 | NAP | 12/1/2033 | 12/1/2033 | 0 | 0 | L(27),D(87),O(6) | 72,418,187 | 35,940,556 | 36,477,631 | 10/31/2023 | T-12 | 74,865,600 |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 2/8/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2034 | 2/6/2034 | 10 | 0 | L(25),YM1(88),O(7) | 3,966,057 | 1,056,580 | 2,909,477 | 12/31/2023 | T-12 | 3,878,598 |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 9/6/2037 | 0 | 0 | YM(24),DorYM(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 9/6/2037 | 0 | 0 | YM(24),DorYM(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 3/5/2024 | 0 | 6 | 4/6/2024 | 4/6/2027 | 3/6/2034 | 3/6/2034 | 0 | 0 | L(24),D(91),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
16 | Loan | 1 | UOVO Livermore | 2/23/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | L(24),DorYM1(91),O(5) | 1,210,511 | 416,854 | 793,657 | 11/30/2023 | T-12 | 768,074 | |
17 | Loan | 1 | Texas Parkway Shopping Center | 2/23/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | L(24),D(89),O(7) | 843,814 | 346,781 | 497,033 | 1/31/2024 | T-12 | 524,878 | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | 2/22/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | L(13),YM1(11),DorYM1(91),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 1/23/2024 | 1 | 6 | 3/6/2024 | 3/6/2024 | 2/6/2029 | 2/6/2029 | 0 | 0 | L(25),D(31),O(4) | 1,259,627 | 121,646 | 1,137,981 | 6/30/2023 | T-6 Ann. | 1,211,761 |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | 2/23/2024 | 0 | 6 | 4/6/2024 | 4/6/2024 | 3/6/2029 | 3/6/2029 | 0 | 0 | L(24),D(32),O(4) | 2,074,503 | 648,617 | 1,425,885 | 12/31/2023 | T-12 | NAV |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 9/13/2023 | 5 | 6 | 11/6/2023 | NAP | 10/6/2028 | 10/6/2028 | 0 | 0 | L(12),YM1(41),O(7) | 8,679,945 | 1,418,696 | 7,261,249 | 7/31/2023 | T-12 | 8,612,280 |
21.01 | Property | 1 | 1 Primerica Parkway | 5,386,829 | 286,119 | 5,100,710 | 7/31/2023 | T-12 | 5,348,016 | |||||||||||
21.02 | Property | 1 | 701 Clay Avenue | 3,293,116 | 1,132,577 | 2,160,539 | 7/31/2023 | T-12 | 3,264,264 | |||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | 2/5/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2034 | 2/6/2034 | 0 | 0 | L(25),D(91),O(4) | 1,559,316 | 552,756 | 1,006,560 | 12/31/2023 | T-12 | 1,613,581 |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | 1/30/2024 | 1 | 1 | 3/1/2024 | 3/1/2024 | 2/1/2034 | 2/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | 11/16/2023 | 3 | 1 | 1/1/2024 | 1/1/2024 | 12/1/2033 | 12/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | 2/22/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 3/6/2034 | 0 | 0 | L(24),D(91),O(5) | 733,099 | 202,075 | 531,024 | 12/31/2023 | T-12 | 721,820 |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 5/6/2038 | 0 | 0 | YM(24),DorYM(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 8/6/2042 | 0 | 0 | YM(24),DorYM(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 2/6/2024 | 1 | 6 | 3/6/2024 | 3/6/2024 | 2/6/2034 | 2/6/2034 | 0 | 0 | L(25),D(91),O(4) | 1,617,958 | 782,830 | 835,129 | 12/31/2023 | T-12 | 1,672,944 |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | 2/16/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | 3/6/2029 | 0 | 0 | L(24),D(32),O(4) | 655,495 | 189,847 | 465,649 | 12/31/2023 | T-11 Ann. | NAV |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAV | NAV | NAV | NAV | NAV | NAV | |||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | 10/30/2023 | 4 | 1 | 12/1/2023 | 12/1/2023 | 11/1/2033 | 11/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | 9/27/2023 | 5 | 1 | 11/1/2023 | NAP | 10/1/2033 | 10/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2034 | 6/6/2039 | 0 | 0 | YM(24),DorYM(89),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | 9/11/2023 | 5 | 1 | 11/1/2023 | NAP | 10/1/2033 | 10/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | 12/29/2023 | 2 | 1 | 2/1/2024 | NAP | 1/1/2034 | 1/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | 12/29/2023 | 2 | 1 | 2/1/2024 | 2/1/2024 | 1/1/2034 | 1/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | 1/31/2024 | 1 | 1 | 3/1/2024 | 3/1/2024 | 2/1/2034 | 2/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | 11/30/2023 | 3 | 1 | 1/1/2024 | 1/1/2024 | 12/1/2033 | 12/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | 2/16/2024 | 0 | 1 | 4/1/2024 | 4/1/2024 | 3/1/2034 | 3/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | 5/31/2023 | 9 | 1 | 7/1/2023 | 7/1/2023 | 6/1/2033 | 6/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | 12/22/2023 | 2 | 1 | 2/1/2024 | 2/1/2024 | 1/1/2034 | 1/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | 1/23/2024 | 1 | 1 | 3/1/2024 | 3/1/2024 | 2/1/2031 | 2/1/2031 | 10 | 10 | YM1(77),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | 2/28/2024 | 0 | 1 | 4/1/2024 | 4/1/2024 | 3/1/2034 | 3/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | 1/31/2024 | 1 | 1 | 3/1/2024 | 3/1/2024 | 2/1/2034 | 2/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | 6/29/2023 | 8 | 1 | 8/1/2023 | 8/1/2023 | 7/1/2033 | 7/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | 12/28/2023 | 2 | 1 | 2/1/2024 | 2/1/2024 | 1/1/2034 | 1/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | 10/31/2023 | 4 | 1 | 12/1/2023 | 12/1/2023 | 11/1/2033 | 11/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | 9/25/2023 | 5 | 1 | 11/1/2023 | 11/1/2023 | 10/1/2033 | 10/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | 2/15/2024 | 0 | 1 | 4/1/2024 | 4/1/2024 | 3/1/2034 | 3/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | 10/27/2023 | 4 | 1 | 12/1/2023 | 12/1/2023 | 11/1/2033 | 11/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | 1/30/2024 | 1 | 1 | 3/1/2024 | 3/1/2024 | 2/1/2034 | 2/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | 9/28/2023 | 5 | 1 | 11/1/2023 | 11/1/2023 | 10/1/2033 | 10/1/2033 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | 12/13/2023 | 2 | 1 | 2/1/2024 | 2/1/2024 | 1/1/2034 | 1/1/2034 | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP | NAP | NAP |
A-4 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) |
16 | 16 | 31 | 15 | ||||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 12,281,082 | 26,390,480 | 12/31/2022 | T-12 | 38,161,185 | 15,920,467 | 22,240,718 | 12/31/2021 | T-12 | 94.5% | 43,953,322 | 13,946,497 | 30,006,825 | 166,941 | 568,561 |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 47,378,697 | 65,561,820 | 12/31/2022 | T-12 | 118,744,930 | 41,284,530 | 77,460,400 | 12/31/2021 | T-12 | 65.2% | 120,518,204 | 52,684,531 | 67,833,673 | 229,924 | 2,110,256 |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 3,428,645 | 10,006,469 | 12/31/2023 | T-12 | 12,727,697 | 3,343,899 | 9,383,798 | 12/31/2022 | T-12 | 95.8% | 14,064,058 | 3,471,570 | 10,592,488 | 0 | 0 |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 8,692,458 | 260,774 | 8,431,684 | 170,845 | 0 |
4.01 | Property | 1 | 8662 Main Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.02 | Property | 1 | 910 Vision Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.03 | Property | 1 | 4700 South Westmoreland Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.04 | Property | 1 | 2110 Patterson Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.05 | Property | 1 | 26 Maple Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
4.08 | Property | 1 | 1060 State Highway 10 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 8,726,272 | 9,284,565 | 12/31/2022 | T-12 | 16,868,370 | 8,052,400 | 8,815,970 | 12/31/2021 | T-12 | 91.7% | 21,736,552 | 8,473,297 | 13,263,255 | 209,647 | 17,195 |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 5,629,091 | 879,548 | 4,749,543 | 142,392 | 170,007 |
6.01 | Property | 1 | Porcelain Tile Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,496,403 | 563,063 | 2,933,340 | 87,972 | 105,032 | |
6.02 | Property | 1 | Sweeney Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,132,688 | 316,485 | 1,816,203 | 54,421 | 64,975 | |
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 17,233,956 | 52,750,256 | 12/31/2022 | T-12 | 69,401,934 | 17,383,847 | 52,018,087 | 12/31/2021 | T-12 | 98.1% | 74,354,670 | 16,415,944 | 57,938,726 | 278,330 | 2,102,842 |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 2,163,456 | 4,666,712 | 12/31/2022 | T-12 | 6,912,708 | 2,234,909 | 4,677,799 | 12/31/2021 | T-12 | 92.0% | 7,345,436 | 2,835,920 | 4,509,516 | 81,507 | 285,937 |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 4,209,298 | 3,296,589 | 12/31/2022 | T-12 | 5,243,062 | 2,978,964 | 2,264,098 | 12/31/2021 | T-12 | 84.7% | 7,785,816 | 4,235,764 | 3,550,052 | 389,291 | 0 |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 2,447,141 | 3,309,041 | 12/31/2022 | T-12 | 5,236,728 | 2,351,294 | 2,885,434 | 12/31/2021 | T-12 | 95.2% | 6,236,074 | 2,484,097 | 3,751,977 | 53,678 | 318,993 |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 38,359,447 | 36,506,153 | 12/31/2022 | T-12 | 73,703,131 | 36,473,501 | 37,229,630 | 12/31/2021 | T-12 | 95.5% | 74,931,706 | 32,816,238 | 42,115,468 | 195,077 | 864,590 |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 935,503 | 2,943,095 | 12/31/2022 | T-12 | 3,896,401 | 1,090,454 | 2,805,947 | 12/31/2021 | T-12 | 95.0% | 3,866,451 | 1,024,836 | 2,841,614 | 25,532 | 79,789 |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1,872,431 | 56,173 | 1,816,258 | 11,662 | 0 |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1,633,601 | 49,008 | 1,584,593 | 10,853 | 0 |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,106,414 | 543,278 | 1,563,136 | 36,000 | 108,000 |
16 | Loan | 1 | UOVO Livermore | 335,469 | 432,605 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 73.9% | 1,422,408 | 336,262 | 1,086,146 | 6,039 | 0 | |
17 | Loan | 1 | Texas Parkway Shopping Center | 309,661 | 215,217 | 12/31/2022 | T-12 | 493,562 | 327,835 | 165,727 | 12/31/2021 | T-12 | 89.9% | 1,452,013 | 377,511 | 1,074,502 | 8,433 | 33,732 | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 981,978 | 0 | 981,978 | 0 | 0 |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 442,638 | 769,124 | 12/31/2022 | T-12 | 1,161,109 | 503,303 | 657,806 | 12/31/2021 | T-12 | 70.1% | 1,698,903 | 514,675 | 1,184,228 | 38,814 | 212,706 |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 88.3% | 2,079,473 | 713,068 | 1,366,405 | 123,563 | 0 |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 1,364,269 | 7,248,011 | 12/31/2022 | T-12 | 7,893,499 | 1,216,548 | 6,676,951 | 12/31/2021 | T-12 | 99.0% | 8,946,010 | 1,449,578 | 7,496,432 | 120,771 | 0 |
21.01 | Property | 1 | 1 Primerica Parkway | 295,057 | 5,052,958 | 12/31/2022 | T-12 | 5,255,373 | 293,225 | 4,962,148 | 12/31/2021 | T-12 | 99.0% | 5,648,558 | 307,289 | 5,341,269 | 86,119 | 0 | |
21.02 | Property | 1 | 701 Clay Avenue | 1,069,212 | 2,195,052 | 12/31/2022 | T-12 | 2,638,126 | 923,323 | 1,714,803 | 12/31/2021 | T-12 | 99.0% | 3,297,452 | 1,142,289 | 2,155,163 | 34,652 | 0 | |
22 | Loan | 19 | 1 | Sunrise Shopping Center | 466,610 | 1,146,972 | 12/31/2022 | T-12 | 1,612,774 | 473,573 | 1,139,201 | 12/31/2021 | T-12 | 93.1% | 1,682,799 | 577,919 | 1,104,880 | 11,030 | 73,531 |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 2,942,220 | 1,631,134 | 1,311,086 | 37,800 | 0 |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,484,813 | 782,037 | 702,776 | 7,300 | 0 |
25 | Loan | 4, 19 | 1 | Polly's Country Market | 194,187 | 527,632 | 12/31/2022 | T-12 | 716,756 | 191,466 | 525,290 | 12/31/2021 | T-12 | 95.0% | 735,071 | 198,523 | 536,548 | 7,475 | 0 |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 461,544 | 13,846 | 447,698 | 1,482 | 0 |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 450,515 | 13,515 | 437,000 | 1,482 | 0 |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 779,868 | 893,076 | 12/31/2022 | T-12 | 1,581,900 | 727,729 | 854,171 | 12/31/2021 | T-12 | 70.4% | 1,617,958 | 793,175 | 824,783 | 80,898 | 0 |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 93.1% | 752,280 | 194,483 | 557,797 | 4,530 | 0 |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 2,176,022 | 1,133,706 | 1,042,316 | 30,450 | 0 |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,786,562 | 676,632 | 1,109,930 | 23,400 | 0 |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 342,268 | 10,268 | 332,000 | 1,365 | 0 |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.5% | 2,128,916 | 627,814 | 1,501,102 | 12,900 | 0 |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.0% | 1,868,667 | 827,801 | 1,040,866 | 33,200 | 0 |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.0% | 5,631,399 | 2,403,907 | 3,227,492 | 11,800 | 0 |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,955,066 | 833,393 | 1,121,673 | 22,500 | 0 |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 3,222,016 | 1,481,194 | 1,740,822 | 29,700 | 0 |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.0% | 4,432,642 | 1,387,190 | 3,045,452 | 30,000 | 0 |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.5% | 3,115,398 | 797,688 | 2,317,710 | 4,200 | 0 |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.0% | 1,231,930 | 332,504 | 899,426 | 13,750 | 0 |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,662,458 | 691,997 | 970,461 | 18,000 | 0 |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.0% | 2,242,742 | 633,069 | 1,609,673 | 15,400 | 0 |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 96.0% | 1,984,831 | 615,235 | 1,369,596 | 8,250 | 0 |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 2,055,876 | 780,148 | 1,275,728 | 25,600 | 0 |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 874,350 | 324,126 | 550,224 | 10,500 | 0 |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,860,982 | 831,861 | 1,029,121 | 21,000 | 0 |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 512,430 | 179,935 | 332,495 | 7,500 | 0 |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.9% | 1,563,697 | 696,766 | 866,931 | 18,000 | 0 |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 2,047,904 | 866,510 | 1,181,394 | 22,500 | 0 |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 925,794 | 392,043 | 533,751 | 16,000 | 0 |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.0% | 1,433,680 | 581,149 | 852,531 | 17,750 | 0 |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 782,838 | 261,855 | 520,983 | 3,100 | 0 |
A-5 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant |
7, 14 | 7, 14 | 7 | 7 | 5 | 5, 7 | 5, 7 | 3,4 | 4, 21, 22, 23, 28 | ||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 29,271,323 | 2.58 | 2.52 | 19.4% | 18.9% | 371,000,000 | As Is | 12/18/2023 | 41.8% | 40.9% | 97.1% | 1/4/2024 | No | Target |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 65,493,494 | 4.06 | 3.92 | 24.2% | 23.4% | 1,596,000,000 | As Is | 5/8/2023 | 17.5% | 17.5% | 62.2% | 6/5/2023 | No | Verizon |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 10,592,488 | 1.60 | 1.60 | 11.3% | 11.3% | 146,050,000 | As Is | 12/12/2023 | 64.4% | 64.4% | 96.0% | 2/6/2024 | No | Kohl's |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 8,260,839 | 2.11 | 2.07 | 14.4% | 14.1% | 105,000,000 | As Portfolio | 12/22/2023 | 55.6% | 55.6% | 100.0% | 1/24/2024 | ||
4.01 | Property | 1 | 8662 Main Street | NAV | 25,200,000 | As Is | 12/22/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.02 | Property | 1 | 910 Vision Drive | NAV | 19,900,000 | As Is | 12/18/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | NAV | 16,600,000 | As Is | 12/19/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.04 | Property | 1 | 2110 Patterson Street | NAV | 12,700,000 | As Is | 12/19/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.05 | Property | 1 | 26 Maple Avenue | NAV | 12,200,000 | As Is | 12/22/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAV | 8,500,000 | As Is | 12/21/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAV | 5,000,000 | As Is | 12/20/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
4.08 | Property | 1 | 1060 State Highway 10 | NAV | 3,600,000 | As Is | 12/18/2023 | 100.0% | 1/24/2024 | Yes | Tekni-Plex, Inc. | |||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 13,036,413 | 1.40 | 1.37 | 9.8% | 9.6% | 256,800,000 | Prospective As Complete - Proposed | 5/31/2024 | 53.0% | 53.0% | 92.5% | 10/20/2023 | NAP | NAP |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 4,437,144 | 1.79 | 1.67 | 12.7% | 11.9% | 62,000,000 | As Is | 1/5/2024 | 60.2% | 60.2% | 100.0% | 2/16/2024 | ||
6.01 | Property | 1 | Porcelain Tile Drive | 2,740,336 | 38,300,000 | As Is | 1/5/2024 | 100.0% | 2/16/2024 | Yes | AHF, LLC | |||||||
6.02 | Property | 1 | Sweeney Drive | 1,696,808 | 23,700,000 | As Is | 1/5/2024 | 100.0% | 2/16/2024 | Yes | AHF, LLC | |||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 55,557,554 | 2.06 | 1.98 | 16.1% | 15.4% | 870,600,000 | As Is | 9/1/2023 | 41.4% | 41.4% | 98.3% | 6/15/2023 | No | Live Casino Hotel Maryland |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 4,142,072 | 1.88 | 1.72 | 13.1% | 12.0% | 54,800,000 | As Is | 12/1/2024 | 63.0% | 63.0% | 94.4% | 12/20/2023 | No | Target |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 3,160,761 | 2.00 | 1.78 | 14.2% | 12.6% | 50,000,000 | As Is | 1/9/2024 | 50.0% | 50.0% | 84.7% | 12/31/2023 | NAP | NAP |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 3,379,306 | 2.23 | 2.01 | 16.2% | 14.6% | 36,200,000 | As Is | 12/31/2023 | 64.0% | 64.0% | 95.1% | 2/1/2024 | No | Old Navy Outlet |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 41,055,801 | 2.48 | 2.42 | 16.0% | 15.6% | 694,000,000 | As Is | 10/27/2023 | 38.0% | 38.0% | 96.1% | 11/14/2023 | No | Nordstrom |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 2,736,294 | 1.43 | 1.38 | 10.6% | 10.2% | 42,000,000 | As Is | 1/5/2024 | 63.9% | 63.9% | 98.6% | 1/30/2024 | No | Regal Cinemas, Inc. |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 1,804,596 | 1.64 | 1.63 | 11.7% | 11.6% | 25,200,000 | As Is | 3/25/2023 | 61.5% | 61.5% | 100.0% | 3/6/2024 | Yes | BJ's Wholesale Club |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 1,573,740 | 1.65 | 1.64 | 11.7% | 11.7% | 22,000,000 | As Is | 3/30/2023 | 61.4% | 61.4% | 100.0% | 3/6/2024 | Yes | BJ's Wholesale Club |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 1,419,136 | 1.62 | 1.47 | 13.0% | 11.8% | 18,350,000 | As Complete | 5/15/2024 | 65.4% | 60.3% | 100.0% | 3/5/2024 | Yes | Contour Windows |
16 | Loan | 1 | UOVO Livermore | 1,080,107 | 1.74 | 1.73 | 11.4% | 11.4% | 14,200,000 | As Is | 1/2/2024 | 66.9% | 66.9% | 73.6% | 12/31/2023 | NAP | NAP | |
17 | Loan | 1 | Texas Parkway Shopping Center | 1,032,337 | 1.82 | 1.75 | 14.2% | 13.6% | 15,070,000 | As Is | 11/26/2023 | 50.3% | 50.3% | 88.0% | 1/30/2024 | No | Blink Fitness | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | 981,978 | 1.89 | 1.89 | 13.1% | 13.1% | 13,610,000 | As Is | 1/24/2024 | 55.1% | 55.1% | 100.0% | 2/22/2024 | ||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAV | 4,060,000 | As Is | 1/24/2024 | 100.0% | 2/22/2024 | Yes | Centers for Pain Control & Vein Care | |||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAV | 4,080,000 | As Is | 1/24/2024 | 100.0% | 2/22/2024 | Yes | Centers for Pain Control & Vein Care | |||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAV | 3,000,000 | As Is | 1/24/2024 | 100.0% | 2/22/2024 | Yes | Centers for Pain Control & Vein Care | |||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAV | 2,470,000 | As Is | 1/24/2024 | 100.0% | 2/22/2024 | Yes | Centers for Pain Control & Vein Care | |||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 932,708 | 1.94 | 1.53 | 16.3% | 12.9% | 11,810,000 | As Is | 12/11/2023 | 61.3% | 58.5% | 70.1% | 1/1/2024 | No | Ollie's |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | 1,242,842 | 2.34 | 2.12 | 21.0% | 19.1% | 12,000,000 | As Is | 1/16/2024 | 54.2% | 52.0% | 92.9% | 12/31/2023 | NAP | NAP |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 7,375,661 | 1.78 | 1.75 | 13.8% | 13.6% | 112,100,000 | As Is | Various | 48.4% | 48.4% | 100.0% | 9/13/2023 | ||
21.01 | Property | 1 | 1 Primerica Parkway | 5,255,150 | 77,100,000 | As Is | 7/11/2023 | 100.0% | 9/13/2023 | Yes | Primerica Life Insurance Company | |||||||
21.02 | Property | 1 | 701 Clay Avenue | 2,120,511 | 35,000,000 | As Is | 7/12/2023 | 100.0% | 9/13/2023 | Yes | GSA - Veterans Benefits Administration | |||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | 1,020,320 | 2.57 | 2.37 | 18.4% | 17.0% | 15,200,000 | As Is | 1/8/2024 | 39.5% | 39.5% | 94.7% | 12/1/2023 | No | Global Food of Oxen Hill, LLC |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | 1,273,286 | 3.51 | 3.41 | 24.8% | 24.0% | 38,000,000 | As Is | 10/27/2023 | 13.9% | 13.1% | NAP | NAP | ||
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | 695,476 | 1.66 | 1.64 | 13.7% | 13.5% | 22,800,000 | As Is | 8/18/2023 | 22.5% | 19.9% | NAP | NAP | ||
25 | Loan | 4, 19 | 1 | Polly's Country Market | 529,072 | 1.45 | 1.43 | 10.9% | 10.8% | 9,050,000 | As Is | 1/22/2024 | 54.1% | 54.1% | 100.0% | 2/22/2024 | Yes | Polly's Food Service, Inc. |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | 446,216 | 1.50 | 1.49 | 10.7% | 10.6% | 6,900,000 | As Is | 3/31/2023 | 60.9% | 60.9% | 100.0% | 3/6/2024 | Yes | Walgreens |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | 435,518 | 1.50 | 1.49 | 10.7% | 10.6% | 7,600,000 | As Is | 3/30/2023 | 53.9% | 53.9% | 100.0% | 3/6/2024 | Yes | Walgreens |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 743,885 | 2.42 | 2.18 | 20.6% | 18.6% | 6,900,000 | As Is | 12/28/2023 | 57.9% | 51.4% | 70.4% | 12/31/2023 | NAP | NAP |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | 553,267 | 1.66 | 1.65 | 14.5% | 14.4% | 5,925,000 | As Is | 12/18/2023 | 65.0% | 65.0% | 100.0% | 1/8/2024 | ||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAV | 4,600,000 | As Is | 12/18/2023 | 100.0% | 1/8/2024 | NAP | NAP | |||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAV | 1,325,000 | As Is | 12/18/2023 | 100.0% | 1/8/2024 | NAP | NAP | |||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | 1,011,866 | 3.49 | 3.39 | 27.1% | 26.3% | 28,560,000 | As Is | 8/30/2023 | 13.5% | 12.9% | NAP | NAP | ||
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | 1,086,530 | 4.73 | 4.63 | 31.3% | 30.6% | 17,600,000 | As Is | 6/27/2023 | 20.2% | 20.2% | NAP | NAP | ||
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | 330,635 | 1.50 | 1.50 | 10.7% | 10.7% | 5,300,000 | As Is | 3/28/2023 | 58.5% | 58.5% | 100.0% | 3/6/2024 | Yes | Walgreens |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | 1,488,202 | 7.50 | 7.44 | 50.0% | 49.6% | 47,500,000 | As Is | 4/17/2023 | 6.3% | 6.3% | NAP | NAP | ||
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | 1,007,666 | 5.23 | 5.07 | 34.7% | 33.6% | 14,130,000 | As Is | 11/7/2023 | 21.2% | 21.2% | NAP | NAP | ||
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | 3,215,692 | 14.82 | 14.77 | 113.4% | 113.0% | 82,800,000 | As Is | 11/20/2023 | 3.4% | 3.0% | NAP | NAP | ||
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | 1,099,173 | 5.42 | 5.31 | 40.8% | 40.0% | 26,900,000 | As Is | 12/14/2023 | 10.2% | 8.8% | NAP | NAP | ||
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | 1,711,122 | 8.66 | 8.51 | 64.5% | 63.4% | 43,700,000 | As Is | 11/8/2023 | 6.2% | 5.9% | NAP | NAP | ||
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | 3,015,452 | 16.06 | 15.90 | 114.9% | 113.8% | 58,000,000 | As Is | 12/27/2023 | 4.6% | 3.9% | NAP | NAP | ||
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | 2,313,510 | 12.75 | 12.73 | 93.5% | 93.3% | 58,000,000 | As Is | 4/12/2023 | 4.3% | 3.7% | NAP | NAP | ||
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | 885,676 | 5.21 | 5.13 | 39.7% | 39.1% | 14,900,000 | As Is | 11/28/2023 | 15.2% | 13.1% | NAP | NAP | ||
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | 952,461 | 5.75 | 5.65 | 43.2% | 42.4% | 34,130,000 | As Is | 11/20/2023 | 6.6% | 6.0% | NAP | NAP | ||
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | 1,594,273 | 10.72 | 10.62 | 80.5% | 79.7% | 16,750,000 | As Is | 12/27/2023 | 11.9% | 10.2% | NAP | NAP | ||
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | 1,361,346 | 9.09 | 9.03 | 68.6% | 68.1% | 40,600,000 | As Is | 1/3/2024 | 4.9% | 4.2% | NAP | NAP | ||
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | 1,250,128 | 10.41 | 10.20 | 77.9% | 76.3% | 12,700,000 | As Is | 4/27/2023 | 12.9% | 11.1% | NAP | NAP | ||
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | 539,724 | 4.69 | 4.60 | 36.7% | 36.0% | 9,950,000 | As Is | 10/31/2023 | 15.0% | 13.1% | NAP | NAP | ||
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | 1,008,121 | 8.32 | 8.15 | 68.8% | 67.4% | 45,650,000 | As Is | 8/18/2023 | 3.3% | 2.9% | NAP | NAP | ||
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | 324,995 | 2.72 | 2.66 | 22.2% | 21.7% | 10,100,000 | As Is | 6/7/2023 | 14.8% | 13.0% | NAP | NAP | ||
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | 848,931 | 7.93 | 7.77 | 59.8% | 58.5% | 21,400,000 | As Is | 12/19/2023 | 6.8% | 5.8% | NAP | NAP | ||
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | 1,158,894 | 6.10 | 5.98 | 89.5% | 87.8% | 35,600,000 | As Is | 8/10/2023 | 3.7% | 0.0% | NAP | NAP | ||
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | 517,751 | 5.95 | 5.77 | 41.1% | 39.9% | 9,100,000 | As Is | 12/13/2023 | 14.3% | 13.4% | NAP | NAP | ||
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | 834,781 | 8.03 | 7.87 | 65.8% | 64.4% | 6,380,000 | As Is | 10/13/2022 | 20.3% | 17.9% | NAP | NAP | ||
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | 517,883 | 5.19 | 5.16 | 43.5% | 43.2% | 12,100,000 | As Is | 11/2/2023 | 9.9% | 8.8% | NAP | NAP |
A-6 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant |
4, 21, 22, 23, 28 | 4, 21, 22, 23, 28 | 4, 21, 22, 23, 28 | ||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 126,615 | 13.7% | 1/31/2034 | Lord & Taylor | 79,872 | 8.6% | 4/30/2045 | DICK'S Sporting Goods | 73,080 | 7.9% | 1/31/2031 | Round 1 Entertainment |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 184,420 | 16.0% | 5/31/2033 | CDIL Data Centre USA LLC (Hudson Interxchange) | 172,775 | 15.0% | 9/30/2032 | Telx - New York LLC (Digital Realty) | 95,494 | 8.3% | 10/31/2027 | zColo, LLC (DataBank) |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 86,584 | 8.1% | 1/31/2027 | At Home | 78,284 | 7.4% | 2/28/2033 | Belk | 65,927 | 6.2% | 2/15/2025 | Cinemark Theaters |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | ||||||||||||
4.01 | Property | 1 | 8662 Main Street | 262,324 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.02 | Property | 1 | 910 Vision Drive | 205,000 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.03 | Property | 1 | 4700 South Westmoreland Road | 136,209 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.04 | Property | 1 | 2110 Patterson Street | 182,407 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.05 | Property | 1 | 26 Maple Avenue | 126,126 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.06 | Property | 1 | 8720 US 70 Business Highway West | 100,486 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.07 | Property | 1 | 1445 Timber Wolf Drive | 63,588 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4.08 | Property | 1 | 1060 State Highway 10 | 62,829 | 100.0% | 1/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | ||||||||||||
6.01 | Property | 1 | Porcelain Tile Drive | 586,477 | 100.0% | 3/31/2049 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
6.02 | Property | 1 | Sweeney Drive | 362,804 | 100.0% | 3/31/2049 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 547,331 | 28.2% | 7/13/2115 | Bass Pro Shops Outdoor | 127,672 | 6.6% | 10/3/2026 | Cinemark Theatres | 107,190 | 5.5% | 12/31/2025 | Burlington |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 101,909 | 18.8% | 1/31/2026 | Hobby Lobby | 55,000 | 10.1% | 5/31/2029 | Gabe's | 50,514 | 9.3% | 2/28/2029 | Marshalls-HomeGoods |
9 | Loan | 19 | 1 | Residence Inn Del Mar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 16,464 | 6.4% | 12/31/2024 | Columbia Sportswear | 13,806 | 5.4% | 9/30/2027 | Nike Factory Store | 13,462 | 5.3% | 3/31/2028 | Scout Northwest Trading Co. |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 200,000 | 18.8% | 3/2/2025 | H&M | 27,320 | 2.6% | 1/31/2029 | Peppa Pig World of Play | 22,963 | 2.2% | 12/31/2036 | Zara |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 70,770 | 44.3% | 2/28/2030 | Nara Cuisine & Lounge | 8,010 | 5.0% | 5/31/2031 | Ari Korean BBQ | 7,638 | 4.8% | 6/30/2027 | Los Abuelos |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 116,620 | 100.0% | 9/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 108,528 | 100.0% | 9/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 360,000 | 100.0% | 12/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 1 | UOVO Livermore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 1 | Texas Parkway Shopping Center | 28,354 | 33.6% | 9/30/2043 | King Dollar | 14,547 | 17.2% | 11/30/2031 | Family Dollar | 10,069 | 11.9% | 12/31/2028 | C&R Fashion Beauty | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | ||||||||||||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | 15,003 | 100.0% | 7/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | 10,200 | 100.0% | 7/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | 7,519 | 100.0% | 7/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | 7,855 | 100.0% | 7/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 31,874 | 20.5% | 5/31/2033 | Dollar Tree | 21,412 | 13.8% | 4/30/2034 | Club Fitness (Pennmark) | 6,000 | 3.9% | 11/30/2033 | Hibbett Sports |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | ||||||||||||
21.01 | Property | 1 | 1 Primerica Parkway | 344,476 | 100.0% | 12/31/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21.02 | Property | 1 | 701 Clay Avenue | 138,608 | 100.0% | 12/29/2035 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 19 | 1 | Sunrise Shopping Center | 27,590 | 37.5% | 8/31/2030 | DaVita, Inc. | 8,103 | 11.0% | 10/23/2027 | Family Dollar | 8,000 | 10.9% | 6/30/2026 | Sherwin Williams |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | 49,836 | 100.0% | 12/31/2044 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | 14,820 | 100.0% | 5/31/2083 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | 14,820 | 100.0% | 9/30/2087 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | ||||||||||||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | 13,650 | 100.0% | 7/31/2084 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-7 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms |
4, 21, 22, 23, 28 | 17 | |||||||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 60,848 | 6.6% | 2/28/2034 | Primark | 51,489 | 5.6% | 8/31/2026 | 12/21/2023 | NAP | 12/20/2023 | NAP | NAP | Yes - A | Fee | NAP | NAP |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 57,840 | 5.0% | 7/31/2032 | Centurylink Communications | 37,472 | 3.3% | 9/30/2033 | 5/11/2023 | NAP | 5/11/2023 | NAP | NAP | No | Fee | NAP | NAP |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 60,560 | 5.7% | 12/31/2025 | Hobby Lobby | 57,000 | 5.4% | 2/28/2026 | 12/22/2023 | NAP | 12/22/2023 | NAP | NAP | No | Fee | NAP | NAP |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | ||||||||||||||||
4.01 | Property | 1 | 8662 Main Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/23/2023 | NAP | 10/20/2023 | NAP | NAP | No | Fee | NAP | NAP | |
4.02 | Property | 1 | 910 Vision Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/17/2023 | NAP | NAV | NAP | NAP | No | Fee | NAP | NAP | |
4.03 | Property | 1 | 4700 South Westmoreland Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/23/2023 | NAP | 10/19/2023 | NAP | NAP | No | Fee | NAP | NAP | |
4.04 | Property | 1 | 2110 Patterson Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/26/2023 | NAP | 10/26/2023 | NAP | NAP | No | Fee | NAP | NAP | |
4.05 | Property | 1 | 26 Maple Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/16/2023 | NAP | 10/16/2023 | NAP | NAP | No | Fee | NAP | NAP | |
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/16/2023 | NAP | 10/16/2023 | NAP | NAP | No | Fee | NAP | NAP | |
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/17/2023 | NAP | 10/16/2023 | NAP | NAP | No | Fee | NAP | NAP | |
4.08 | Property | 1 | 1060 State Highway 10 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/23/2023 | NAP | 10/23/2023 | NAP | NAP | No | Fee | NAP | NAP | |
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/6/2023 | NAP | 10/6/2023 | NAP | NAP | No | Fee | NAP | NAP |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | ||||||||||||||||
6.01 | Property | 1 | Porcelain Tile Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/19/2024 | NAP | 12/22/2023 | NAP | NAP | No | Fee | NAP | NAP | |
6.02 | Property | 1 | Sweeney Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/19/2024 | NAP | 12/22/2023 | NAP | NAP | No | Fee | NAP | NAP | |
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 81,282 | 4.2% | 1/31/2026 | Medieval Times | 66,244 | 3.4% | 8/31/2033 | 9/25/2023, 9/29/2023 | NAP | 9/8/2023 | NAP | NAP | No | Fee | NAP | NAP |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 45,518 | 8.4% | 10/31/2029 | O'Reilly Auto Parts | 32,154 | 5.9% | 12/31/2039 | 12/20/2023 | NAP | 12/4/2023 | NAP | NAP | No | Fee | NAP | NAP |
9 | Loan | 19 | 1 | Residence Inn Del Mar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/18/2024 | NAP | 1/22/2024 | 1/17/2024 | 8% | No | Fee | NAP | NAP |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 12,430 | 4.9% | 2/28/2025 | Eddie Bauer | 10,785 | 4.2% | MTM | 1/10/2024 | NAP | 1/10/2024 | 1/10/2024 | 7% | No | Fee | NAP | NAP |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 21,759 | 2.0% | 10/31/2028 | Forever 21 | 21,628 | 2.0% | 1/31/2026 | 11/7/2023 | NAP | 11/7/2023 | NAP | NAP | No | Fee | NAP | NAP |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 6,048 | 3.8% | 9/30/2037 | Masti - Indian Street Eats | 4,518 | 2.8% | 11/30/2028 | 1/16/2024 | NAP | 1/16/2024 | NAP | NAP | No | Fee | NAP | NAP |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/30/2023 | NAP | 6/6/2012 | NAP | NAP | No | Fee | NAP | NAP |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/26/2024 | NAP | 6/6/2012 | NAP | NAP | No | Fee | NAP | NAP |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/4/2023 | NAP | 2/21/2024 | NAP | NAP | No | Fee | NAP | NAP |
16 | Loan | 1 | UOVO Livermore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/11/2024 | NAP | 1/8/2024 | 1/10/2024 | 13% | No | Fee | NAP | NAP | |
17 | Loan | 1 | Texas Parkway Shopping Center | 4,788 | 5.7% | 12/31/2033 | God's Gift Inc. | 2,393 | 2.8% | 1/31/2029 | 11/30/2023 | NAP | 11/30/2023 | NAP | NAP | No | Fee | NAP | NAP | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | ||||||||||||||||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/24/2023 | NAP | 10/23/2023 | NAP | NAP | No | Fee | NAP | NAP | |
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/24/2023 | NAP | 10/23/2023 | NAP | NAP | No | Fee | NAP | NAP | |
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/24/2023 | NAP | 10/23/2023 | NAP | NAP | No | Fee | NAP | NAP | |
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/24/2023 | NAP | 10/23/2023 | NAP | NAP | No | Fee | NAP | NAP | |
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 5,335 | 3.4% | 1/31/2028 | Don Chencho | 4,800 | 3.1% | 11/9/2030 | 8/18/2023 | NAP | 12/13/2023 | NAP | NAP | No | Fee | NAP | NAP |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/23/2024 | NAP | 1/23/2024 | NAP | NAP | No | Fee | NAP | NAP |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | ||||||||||||||||
21.01 | Property | 1 | 1 Primerica Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/14/2023 | NAP | 5/16/2023 | NAP | NAP | No | Fee | NAP | NAP | |
21.02 | Property | 1 | 701 Clay Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/14/2023 | NAP | 5/16/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
22 | Loan | 19 | 1 | Sunrise Shopping Center | 4,760 | 6.5% | 12/31/2027 | McDonald's | 4,367 | 5.9% | 12/14/2034 | 2/7/2024 | NAP | 1/15/2024 | NAP | NAP | No | Fee | NAP | NAP |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/3/2023 | NAP | 11/6/2023 | NAP | NAP | No | Fee | NAP | NAP |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/31/2023 | NAP | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/25/2024 | NAP | 1/25/2024 | NAP | NAP | No | Fee | NAP | NAP |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/29/2023 | NAP | 2/16/2012 | NAP | NAP | No | Fee | NAP | NAP |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/29/2023 | NAP | 11/9/2012 | NAP | NAP | No | Fee | NAP | NAP |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/28/2023 | NAP | 12/28/2023 | NAP | NAP | No | Fee | NAP | NAP |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | ||||||||||||||||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/18/2023 | NAP | 12/15/2023 | 12/18/2023 | 16% | No | Fee | NAP | NAP | |
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/18/2023 | NAP | 12/15/2023 | 12/18/2023 | 16% | No | Fee | NAP | NAP | |
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/14/2023 | NAP | 9/15/2023 | NAP | NAP | No | Fee | NAP | NAP |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/12/2023 | NAP | 7/14/2023 | NAP | NAP | No | Fee | NAP | NAP |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/31/2023 | NAP | 2/16/2012 | NAP | NAP | Yes - AE | Fee | NAP | NAP |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/24/2023 | NAP | 4/28/2023 | NAP | NAP | No | Fee | NAP | NAP |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/27/2023 | NAP | 11/27/2023 | NAP | NAP | No | Fee | NAP | NAP |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/29/2023 | NAP | 11/30/2023 | NAP | NAP | No | Fee | NAP | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/20/2023 | NAP | 12/22/2023 | NAP | NAP | No | Fee | NAP | NAP |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/13/2023 | NAP | 11/22/2023 | NAP | NAP | No | Fee | NAP | NAP |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/8/2024 | NAP | 1/9/2024 | NAP | NAP | No | Fee | NAP | NAP |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/21/2023 | NAP | 4/25/2023 | NAP | NAP | No | Fee | NAP | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/4/2023 | NAP | 12/4/2023 | NAP | NAP | No | Fee | NAP | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/5/2023 | NAP | 12/4/2023 | NAP | NAP | No | Fee | NAP | NAP |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/28/2023 | NAP | 12/27/2023 | NAP | NAP | No | Fee | NAP | NAP |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/8/2024 | NAP | 1/10/2024 | NAP | NAP | No | Fee | NAP | NAP |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/9/2023 | NAP | 5/9/2023 | NAP | NAP | No | Fee | NAP | NAP |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/10/2023 | NAP | 11/13/2023 | NAP | NAP | No | Fee | NAP | NAP |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/31/2023 | NAP | 8/31/2023 | NAP | NAP | No | Fee | NAP | NAP |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/23/2023 | NAP | 6/23/2023 | NAP | NAP | No | Fee | NAP | NAP |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/29/2023 | NAP | 12/29/2023 | NAP | NAP | No | Fee | NAP | NAP |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/25/2023 | NAP | 8/25/2023 | NAP | NAP | No | Fee | NAP | NAP |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/15/2023 | NAP | 12/18/2023 | NAP | NAP | No | Fee | NAP | NAP |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/14/2022 | NAP | 10/14/2022 | NAP | NAP | No | Fee | NAP | NAP |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/17/2023 | NAP | 11/20/2023 | NAP | NAP | No | Fee | NAP | NAP |
A-8 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | 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 ($) | Debt Service Reserve Cap ($) |
18 | 19 | 18 | 19 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 19 | 20 | |||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | 7,089,987 | 1,772,497 | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | NAP | NAP | 371,270 | 74,254 | 90,435 | 30,145 | 6,770,048 | Springing | 250,000 | 5,000,000 | Springing | 2,000,000 | 0 | 0 | 0 |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 512,536 | 0 | Springing | 3,416,907 | 0 | 0 | 0 | ||
4.01 | Property | 1 | 8662 Main Street | NAP | NAP | ||||||||||||||
4.02 | Property | 1 | 910 Vision Drive | NAP | NAP | ||||||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | NAP | NAP | ||||||||||||||
4.04 | Property | 1 | 2110 Patterson Street | NAP | NAP | ||||||||||||||
4.05 | Property | 1 | 26 Maple Avenue | NAP | NAP | ||||||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAP | NAP | ||||||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAP | NAP | ||||||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | NAP | NAP | ||||||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | NAP | NAP | 1,318,059 | 329,515 | 216,815 | 30,974 | 0 | 15,203 | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
6.01 | Property | 1 | Porcelain Tile Drive | NAP | NAP | ||||||||||||||
6.02 | Property | 1 | Sweeney Drive | NAP | NAP | ||||||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 231,942 | 5,566,608 | 0 | 0 | 0 |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | NAP | NAP | 177,479 | 118,319 | 0 | Springing | 500,000 | 6,792 | 0 | 1,000,000 | Springing | 1,000,000 | 0 | 0 | 0 |
9 | Loan | 19 | 1 | Residence Inn Del Mar | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | NAP | NAP | 0 | 58,172 | 24,585 | Springing | 0 | 4,473 | 0 | 250,000 | 42,601 | 1,500,000 | 0 | 0 | 0 |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | NAP | NAP | 111,465 | 27,866 | 86,238 | 8,624 | 0 | 2,128 | 0 | 7,500 | 6,649 | 500,000 | 0 | 0 | 0 |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | NAP | NAP | 4,789 | 1,596 | 38,801 | Springing | 0 | 3,000 | 0 | 0 | Springing | 0 | 0 | 0 | 0 |
16 | Loan | 1 | UOVO Livermore | NAP | NAP | 0 | 6,051 | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
17 | Loan | 1 | Texas Parkway Shopping Center | NAP | NAP | 32,239 | 10,234 | 38,610 | 9,193 | 0 | 703 | 0 | 0 | 2,811 | 0 | 0 | 0 | 0 | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | ||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAP | NAP | ||||||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAP | NAP | ||||||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAP | NAP | ||||||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAP | NAP | ||||||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | NAP | NAP | 102,736 | 23,563 | 26,936 | Springing | 0 | 3,234 | 0 | 246,438 | 19,407 | 0 | 0 | 0 | 0 |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAP | NAP | 52,080 | 11,322 | 25,338 | 2,946 | 0 | 6,931 | 0 | 0 | 3,363 | 0 | 0 | 0 | 0 |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 0 | Springing | 791 | Springing | 0 | Springing | 0 | 0 | Springing | 2,173,883 | 0 | 0 | 0 | ||
21.01 | Property | 1 | 1 Primerica Parkway | NAP | NAP | ||||||||||||||
21.02 | Property | 1 | 701 Clay Avenue | NAP | NAP | ||||||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | NAP | NAP | 106,125 | 17,687 | 24,587 | 2,049 | 0 | 919 | 0 | 0 | 6,128 | 250,000 | 0 | 0 | 0 |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | 114,353 | 38,118 | 0 | Springing | 1,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | 35,992 | 35,992 | 0 | Springing | 1,600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | NAP | 16,323 | 13,714 | 1,433 | 1,433 | 0 | 623 | 0 | 0 | 2,077 | 0 | 0 | 0 | 0 |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | NAP | NAP | 29,050 | 3,093 | 0 | 2,251 | 0 | 6,741 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | 2,434 | 406 | 3,324 | Springing | 0 | 378 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAP | NAP | ||||||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAP | NAP | ||||||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | 77,250 | 25,750 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | 34,500 | 17,250 | 0 | Springing | 496,038 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | 51,488 | 25,744 | 0 | Springing | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | 29,000 | 9,000 | 0 | Springing | 750,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | 58,500 | 19,500 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | 31,658 | 31,658 | 0 | Springing | 350,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | 232,833 | 58,208 | 0 | Springing | 476,841 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | 0 | Springing | 0 | Springing | 156,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | 82,896 | 27,632 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | 126,500 | 20,000 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | 46,854 | 10,278 | 0 | Springing | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | 64,500 | 21,500 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | 14,464 | 7,232 | 0 | Springing | 1,025,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | 25,750 | 25,750 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | 129,000 | 43,000 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | 36,675 | 8,725 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | 52,750 | 12,375 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | 0 | Springing | 0 | Springing | 179,363 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-9 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description |
18 | 18 | 19 | ||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 0 | 4,103,258 | 0 | Outstanding TI/LC Obligations ($3,460,293); Gap Rent Reserve ($642,965.09) |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 0 | 0 | 0 | |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 0 | 40,000 | 0 | Outstanding TI/LC Reserve |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 0 | 3,750,784 | 0 | Van Wert Property Reserve |
4.01 | Property | 1 | 8662 Main Street | |||||
4.02 | Property | 1 | 910 Vision Drive | |||||
4.03 | Property | 1 | 4700 South Westmoreland Road | |||||
4.04 | Property | 1 | 2110 Patterson Street | |||||
4.05 | Property | 1 | 26 Maple Avenue | |||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | |||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | |||||
4.08 | Property | 1 | 1060 State Highway 10 | |||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 106,250 | 6,644,232 | 0 | Sonder Base Rent Reserve ($3,624,131), Sonder Gap Rent Reserve ($1,812,061), Sonder Free Rent Reserve ($1,208,040) |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 0 | 0 | 0 | |
6.01 | Property | 1 | Porcelain Tile Drive | |||||
6.02 | Property | 1 | Sweeney Drive | |||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 0 | 4,384,369 | 0 | Outstanding TI/LC Reserve ($3,796,478), Gap Rent Reserve ($587,891) |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 0 | 1,246,952 | 0 | Rent Concession Reserve ($533,332.82), Existing TI/LC Reserve ($713,619.16) |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 0 | 0 | Springing | PIP Reserve Funds, Custodial Funds and Hotel Tax Funds, Refundable Advance Payments Funds |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 0 | 544,562 | 0 | Unfunded Obligations Reserve |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 0 | 7,299,496 | 0 | Outstanding TI/LC Reserve ($6,460,707), Gap Rent Reserve ($838,789.17) |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 324,503 | 173,939 | 0 | Free Rent Reserve |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 0 | 0 | 0 | |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 0 | 0 | 0 | |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 0 | 0 | 0 | |
16 | Loan | 1 | UOVO Livermore | 14,552 | 0 | 0 | ||
17 | Loan | 1 | Texas Parkway Shopping Center | 183,125 | 0 | 0 | ||
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | 82,316 | 2,700 | Springing | Condominium Assessments Reserve |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | |||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | |||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | |||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | |||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 318,328 | 109,129 | Springing | Rent Concession Reserve (Upfront: $109,128.65), Material Tenant Funds Reserve (Monthly: Springing) |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | 0 | 0 | Springing; Various | PIP Reserve (Monthly: Springing); Parcel Agreement Excess Cash Funds (Monthly: Springing); Surplus Cash Flow Funds (Monthly: Various) |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 11,550 | 11,674,256 | Springing | Primerica TATILC Reserve (Upfront: $10,678,756), Rent Concession Reserve (Upfront: $872,849.70), Primerica Work Reserve (Upfront: $122,650), Material Tenant Funds Reserve (Monthly: Springing) |
21.01 | Property | 1 | 1 Primerica Parkway | |||||
21.02 | Property | 1 | 701 Clay Avenue | |||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | 9,375 | 955,000 | Springing | Global Food of Oxenhill Inc. Reserve (Upfront: $500,000), Roof Reserve (Upfront: $455,000); Anchor Tenant TI/LC Reserve (Monthly: Springing) |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | 0 | 0 | 0 | |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | 0 | 50,000 | 0 | Collateral Security Agreement For Litigation |
25 | Loan | 4, 19 | 1 | Polly's Country Market | 175,000 | 0 | 0 | |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | 0 | 0 | 0 | |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | 0 | 0 | 0 | |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 0 | 0 | Springing | PIP Reserve |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | 0 | 0 | 0 | |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | |||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | |||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | 0 | 0 | 0 | |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | 93,608 | 90,000 | 0 | Collateral Security Agreement Re: Maintenance Arrears |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | 0 | 0 | 0 | |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | 80,019 | 60,000 | 0 | Collateral Security Agreement Re: Maintenance Arrears |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | 0 | 100,000 | 0 | Collateral Security Agreement Re: Maintenance Arrears |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | 0 | 0 | 0 | |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | 0 | 0 | 0 | |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | 0 | 0 | 0 | |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | 0 | 0 | 0 | |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | 0 | 35,000 | 0 | Collateral Security Agreement For Litigation |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | 0 | 0 | 0 | |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | 0 | 0 | 0 | |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | 0 | 0 | 0 | |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | 0 | 0 | 0 | |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | 0 | 60,000 | 0 | Collateral Security Agreement Re: Maintenance Arrears |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | 0 | 0 | 0 | |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | 0 | 0 | 0 | |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | 0 | 250,000 | 0 | Collateral Security Agreement Re: Maintenance Arrears |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | 0 | 0 | 0 | |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | 0 | 0 | 0 | |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | 0 | 0 | 0 | |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | 0 | 50,000 | 0 | Collateral Security Agreement Re: Maintenance Arrears |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | 0 | 0 | 0 |
A-10 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) |
20 | 26 | 26 | ||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 0 | NAP | NAP | Soft | Springing | Yes | No | Yes | Yes | 68,000,000 |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 0 | NAP | NAP | Hard | In Place | Yes | No | Yes | No | 65,000,000 |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 0 | NAP | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 65,000,000 |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
4.01 | Property | 1 | 8662 Main Street | |||||||||||
4.02 | Property | 1 | 910 Vision Drive | |||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | |||||||||||
4.04 | Property | 1 | 2110 Patterson Street | |||||||||||
4.05 | Property | 1 | 26 Maple Avenue | |||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | |||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | |||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | |||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 0 | NAP | NAP | Springing | Springing | Yes | Yes | Yes | No | 58,000,000 |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
6.01 | Property | 1 | Porcelain Tile Drive | |||||||||||
6.02 | Property | 1 | Sweeney Drive | |||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 0 | NAP | NAP | Hard | Springing | Yes | Yes | Yes | No | 35,000,000 |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 0 | NAP | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 0 | NAP | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 0 | NAP | NAP | Hard | Springing | Yes | No | Yes | No | 20,000,000 |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 0 | NAP | NAP | Springing | Springing | No | Yes | Yes | Yes | 19,850,000 |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 0 | NAP | NAP | Hard | In Place | No | Yes | No | NAP | NAP |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 0 | NAP | NAP | Hard | In Place | No | Yes | No | NAP | NAP |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
16 | Loan | 1 | UOVO Livermore | 0 | NAP | NAP | Soft | Springing | Yes | No | No | NAP | NAP | |
17 | Loan | 1 | Texas Parkway Shopping Center | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | |||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | |||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | |||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | |||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | 0 | NAP | NAP | Hard | In Place | Yes | No | No | NAP | NAP |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Material Tenant Funds Reserve (12 months of Monthly Material Tenant Deposits) | NAP | NAP | Hard | Springing | Yes | Yes | Yes | No | 6,300,000 |
21.01 | Property | 1 | 1 Primerica Parkway | |||||||||||
21.02 | Property | 1 | 701 Clay Avenue | |||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | 500,000 | NAP | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | 0 | NAP | NAP | Hard | In Place | No | Yes | No | NAP | NAP |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | 0 | NAP | NAP | Hard | In Place | No | Yes | No | NAP | NAP |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 0 | NAP | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | 0 | NAP | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | |||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | |||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | 0 | NAP | NAP | Hard | In Place | No | Yes | No | NAP | NAP |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | 0 | NAP | NAP | None | None | No | No | No | NAP | NAP |
A-11 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | 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 (%) |
9 | 9 | 13 | 13 | 9 | ||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 87,000,000 | 543,392.88 | 968,113.76 | NAP | NAP | 155,000,000 | 968,113.76 | 41.8% | 2.52 | 19.4% |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 215,000,000 | 1,069,040.22 | 1,392,238.43 | NAP | NAP | 280,000,000 | 1,392,238.43 | 17.5% | 3.92 | 24.2% |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 29,125,000 | 171,172.75 | 553,189.18 | NAP | NAP | 94,125,000 | 553,189.18 | 64.4% | 1.60 | 11.3% |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.01 | Property | 1 | 8662 Main Street | |||||||||||
4.02 | Property | 1 | 910 Vision Drive | |||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | |||||||||||
4.04 | Property | 1 | 2110 Patterson Street | |||||||||||
4.05 | Property | 1 | 26 Maple Avenue | |||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | |||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | |||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | |||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 78,000,000 | 453,411.11 | 790,562.96 | NAP | NAP | 136,000,000 | 790,562.96 | 53.0% | 1.37 | 9.8% |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Porcelain Tile Drive | |||||||||||
6.02 | Property | 1 | Sweeney Drive | |||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 325,000,000 | 2,114,655.38 | 2,342,387.50 | NAP | NAP | 360,000,000 | 2,342,387.50 | 41.4% | 1.98 | 16.1% |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 19 | 1 | Residence Inn Del Mar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 244,000,000 | 1,306,090.34 | 1,413,146.93 | 30,000,000 | 10.01625% | 294,000,000 | 1,667,031.04 | 42.4% | 2.05 | 14.3% |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 7,000,000 | 43,115.63 | 165,379.22 | NAP | NAP | 26,850,000 | 165,379.22 | 63.9% | 1.38 | 10.6% |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 1 | UOVO Livermore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 1 | Texas Parkway Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | |||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | |||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | |||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | |||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | 48,000,000 | 311,101.67 | 351,933.76 | NAP | NAP | 54,300,000 | 351,933.76 | 48.4% | 1.75 | 13.8% |
21.01 | Property | 1 | 1 Primerica Parkway | |||||||||||
21.02 | Property | 1 | 701 Clay Avenue | |||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.75% or (B) Prime Rate+0.25% | 5,546,732 | 32,952.99 | 14.6% | 3.22 | 23.6% |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | |||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | |||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 4,345,404 | 28,444.25 | 15.2% | 2.96 | 24.0% |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 4.50% or (B) Prime Rate | 4,150,000 | 23,865.26 | 23.6% | 3.79 | 26.7% |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 3,500,000 | 20,167.94 | 24.8% | 4.16 | 29.7% |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.95% or (B) Prime Rate | 2,996,989 | 19,050.90 | 11.1% | 4.81 | 37.4% |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 6.25% or (B) Prime Rate+0.25% | 2,897,421 | 18,237.63 | 6.6% | 7.82 | 60.1% |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate+0.25% | 3,000,000 | 18,390.53 | 5.2% | 13.66 | 101.5% |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 2,497,523 | 15,854.58 | 7.3% | 5.01 | 38.9% |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 2,500,000 | 16,100.98 | 14.9% | 8.25 | 64.4% |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 2,497,813 | 16,153.41 | 6.2% | 7.02 | 54.8% |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 4.50% or (B) Prime Rate | 2,138,549 | 13,803.91 | 16.8% | 7.55 | 59.7% |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,670,652 | 11,560.76 | 3.7% | 7.27 | 61.6% |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,694,619 | 11,608.01 | 16.8% | 2.33 | 19.6% |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.75% or (B) Prime Rate+0.25% | 1,519,956 | 17,630.44 | 4.3% | 5.48 | 77.7% |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,474,177 | 8,729.25 | 16.2% | 4.94 | 36.2% |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.75% or (B) Prime Rate+0.25% | 1,420,370 | 9,765.97 | 22.3% | 7.12 | 60.0% |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,498,204 | 10,520.45 | 12.4% | 4.10 | 34.8% |
A-12 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
9 | 13 | 13 | |||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
4.01 | Property | 1 | 8662 Main Street | ||||||||||
4.02 | Property | 1 | 910 Vision Drive | ||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | ||||||||||
4.04 | Property | 1 | 2110 Patterson Street | ||||||||||
4.05 | Property | 1 | 26 Maple Avenue | ||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | ||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | ||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | ||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
6.01 | Property | 1 | Porcelain Tile Drive | ||||||||||
6.02 | Property | 1 | Sweeney Drive | ||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
9 | Loan | 19 | 1 | Residence Inn Del Mar | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
16 | Loan | 1 | UOVO Livermore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
17 | Loan | 1 | Texas Parkway Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | ||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | ||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | ||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | ||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
21.01 | Property | 1 | 1 Primerica Parkway | ||||||||||
21.02 | Property | 1 | 701 Clay Avenue | ||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$500,000 |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | ||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | ||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$400,000 |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$250,000 |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$500,000 |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$250,000 |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$250,000 |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$250,000 |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$250,000 |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$50,000 |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured allowed but requires Lender Consent if >$400,000 |
A-13 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor | Non-Recourse Carveout Guarantor |
24 | ||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | The Macerich Partnership, L.P. | The Macerich Partnership, L.P. |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | The Stahl Organization | NAP |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | Dr. Hardam S. Azad | Dr. Hardam S. Azad and Kathleen D. Miles |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | U.S. Realty Advisors, LLC | USRA Net Lease IV Capital Corp. |
4.01 | Property | 1 | 8662 Main Street | |||
4.02 | Property | 1 | 910 Vision Drive | |||
4.03 | Property | 1 | 4700 South Westmoreland Road | |||
4.04 | Property | 1 | 2110 Patterson Street | |||
4.05 | Property | 1 | 26 Maple Avenue | |||
4.06 | Property | 1 | 8720 US 70 Business Highway West | |||
4.07 | Property | 1 | 1445 Timber Wolf Drive | |||
4.08 | Property | 1 | 1060 State Highway 10 | |||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | William O'Kane and Karen O'Kane | William O'Kane and Karen O'Kane |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | Angelo, Gordon & Co., L.P. and TPG, Inc. | AG Net Lease IV Corp., AG Net Lease IV (Q) Corp. and AG Net Lease Realty Fund IV Investments (H-1), L.P. |
6.01 | Property | 1 | Porcelain Tile Drive | |||
6.02 | Property | 1 | Sweeney Drive | |||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | Simon Property Group, L.P. | Simon Property Group, L.P. |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | Robert V. Gothier, Jr. and Mark X. DiSanto | Robert V. Gothier, Jr. and Mark X. DiSanto |
9 | Loan | 19 | 1 | Residence Inn Del Mar | Joseph F. Oliver III | Joseph F. Oliver III |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | Horizon Group Properties, Inc. | Horizon Group Properties, Inc. |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | Simon Property Group, L.P. and Institutional Mall Investors LLC | Simon Property Group, L.P. |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | Avram Glazer | Hamilton TFC LLC |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | Ladder Capital CRE Equity LLC | Ladder Capital CRE Equity LLC |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | Ladder Capital CRE Equity LLC | Ladder Capital CRE Equity LLC |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | David Dedvukaj | David Dedvukaj |
16 | Loan | 1 | UOVO Livermore | Steven J. Guttman | Steven J. Guttman | |
17 | Loan | 1 | Texas Parkway Shopping Center | Jack Terzi and JT Family Future Holdings | Jack Terzi and JT Family Future Holdings | |
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | Healthcare Trust Operating Partnership, L.P. | Healthcare Trust Operating Partnership, L.P. |
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | |||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | |||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | |||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | |||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | Dean Cafiero and Robert A. Sichelstiel | Dean Cafiero and Robert A. Sichelstiel |
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | Thierry Rignol | Thierry Rignol |
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | Office Properties Income Trust | Office Properties Income Trust |
21.01 | Property | 1 | 1 Primerica Parkway | |||
21.02 | Property | 1 | 701 Clay Avenue | |||
22 | Loan | 19 | 1 | Sunrise Shopping Center | Larry M. Spott | Larry M. Spott |
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | Colin Khan and Amy Khan | Colin Khan and Amy Khan |
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | Ladder Capital CRE Equity LLC | Ladder Capital CRE Equity LLC |
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | Ladder Capital CRE Equity LLC | Ladder Capital CRE Equity LLC |
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | Anuj G. Patel | Anuj G. Patel and Nira Patel |
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | Gabriel C. Dean, Bethny N. Dean, David P. Dean, Ryan C. Wilson, Mickey J. Miller, Mitchell J. Miller and Bradley Jones | Gabriel C. Dean, Bethny N. Dean, David P. Dean, Ryan C. Wilson, Mickey J. Miller, Mitchell J. Miller and Bradley Jones |
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | |||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | |||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | Ladder Capital CRE Equity LLC | Ladder Capital CRE Equity LLC |
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP |
A-14 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) |
32 | 29 | ||||||||||||||||
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | No | No | Refinance | No | 155,000,000 | 0 | 0 | 0 | 155,000,000 | 116,946,803 | 0 | 3,243,816 | 4,103,258 |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | No | No | Refinance | No | 280,000,000 | 3,678,608 | 0 | 0 | 283,678,608 | 274,771,150 | 0 | 1,817,471 | 7,089,987 |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | No | Yes | Acquisition | No | 94,125,000 | 34,802,040 | 0 | 0 | 128,927,040 | 0 | 115,403,062 | 1,252,225 | 12,271,753 |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | No | No | Acquisition | 58,410,000 | 26,395,701 | 0 | 0 | 84,805,701 | 0 | 79,486,404 | 1,568,513 | 3,750,784 | |
4.01 | Property | 1 | 8662 Main Street | No | |||||||||||||
4.02 | Property | 1 | 910 Vision Drive | No | |||||||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | No | |||||||||||||
4.04 | Property | 1 | 2110 Patterson Street | No | |||||||||||||
4.05 | Property | 1 | 26 Maple Avenue | No | |||||||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | No | |||||||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | No | |||||||||||||
4.08 | Property | 1 | 1060 State Highway 10 | No | |||||||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | No | No | Refinance | No | 136,000,000 | 22,164,897 | 0 | 6,644,232 | 164,809,129 | 153,800,522 | 0 | 2,723,251 | 8,285,356 |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | No | No | Acquisition | 37,300,000 | 24,744,287 | 0 | 855,627 | 62,899,913 | 0 | 61,425,000 | 1,474,913 | 0 | |
6.01 | Property | 1 | Porcelain Tile Drive | No | |||||||||||||
6.02 | Property | 1 | Sweeney Drive | No | |||||||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | No | No | Refinance | No | 360,000,000 | 32,236,503 | 0 | 0 | 392,236,503 | 384,870,923 | 0 | 2,981,210 | 4,384,369 |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | No | No | Acquisition | No | 34,500,000 | 19,044,737 | 0 | 2,746,952 | 56,291,689 | 0 | 51,500,000 | 910,260 | 3,881,430 |
9 | Loan | 19 | 1 | Residence Inn Del Mar | No | No | Refinance | No | 25,000,000 | 0 | 0 | 0 | 25,000,000 | 18,573,424 | 0 | 172,693 | 0 |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | No | No | Acquisition | No | 23,162,500 | 13,291,819 | 0 | 615,357 | 37,069,676 | 0 | 35,250,000 | 1,000,529 | 819,147 |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | No | No | Refinance | No | 264,000,000 | 88,955,402 | 30,000,000 | 0 | 382,955,402 | 373,692,064 | 0 | 1,963,843 | 7,299,496 |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | No | No | Refinance | No | 26,850,000 | 1,007,915 | 0 | 0 | 27,857,915 | 26,579,322 | 0 | 574,949 | 703,644 |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | No | No | Refinance | No | 15,500,000 | 0 | 0 | 0 | 15,500,000 | 15,288,572 | 0 | 211,428 | 0 |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | No | No | Refinance | No | 13,500,000 | 0 | 0 | 0 | 13,500,000 | 13,469,077 | 0 | 30,923 | 0 |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | No | No | Refinance | No | 12,000,000 | 0 | 0 | 0 | 12,000,000 | 8,553,949 | 0 | 841,014 | 125,466 |
16 | Loan | 1 | UOVO Livermore | No | No | Refinance | No | ||||||||||
17 | Loan | 1 | Texas Parkway Shopping Center | No | No | Refinance | No | ||||||||||
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | No | No | Acquisition | ||||||||||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | No | |||||||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | No | |||||||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | No | |||||||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | No | |||||||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | No | No | Acquisition | No | |||||||||
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | No | No | Refinance | No | |||||||||
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | No | No | Recapitalization | ||||||||||
21.01 | Property | 1 | 1 Primerica Parkway | No | |||||||||||||
21.02 | Property | 1 | 701 Clay Avenue | No | |||||||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | No | No | Refinance | No | |||||||||
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | No | No | Refinance | No | |||||||||
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | No | No | Refinance | No | |||||||||
25 | Loan | 4, 19 | 1 | Polly's Country Market | No | No | Refinance | No | |||||||||
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | No | No | Refinance | No | |||||||||
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | No | No | Refinance | No | |||||||||
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | No | No | Refinance | No | |||||||||
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | No | Yes | Refinance | ||||||||||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | No | |||||||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | No | |||||||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | No | No | Refinance | No | |||||||||
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | No | No | Refinance | No | |||||||||
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | No | No | Refinance | No | |||||||||
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | No | No | Refinance | No | |||||||||
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | No | No | Refinance | No | |||||||||
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | No | No | Refinance | No | |||||||||
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | No | No | Refinance | No | |||||||||
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | No | No | Refinance | No | |||||||||
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | No | No | Refinance | No | |||||||||
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | No | No | Refinance | No | |||||||||
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | No | No | Refinance | No | |||||||||
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | No | No | Refinance | No | |||||||||
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | No | No | Refinance | No | |||||||||
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | No | No | Refinance | No | |||||||||
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | No | No | Refinance | No | |||||||||
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | No | No | Refinance | No | |||||||||
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | No | No | Refinance | No | |||||||||
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | No | No | Recapitalization | No | |||||||||
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | No | No | Refinance | No | |||||||||
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | No | No | Refinance | No | |||||||||
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | No | No | Refinance | No | |||||||||
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | No | No | Refinance | No | |||||||||
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | No | No | Refinance | No |
A-15 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) |
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | 30,706,123 | 0 | 155,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | 0 | 0 | 283,678,608 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | 0 | 0 | 128,927,040 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | 0 | 0 | 84,805,701 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4.01 | Property | 1 | 8662 Main Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.02 | Property | 1 | 910 Vision Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.03 | Property | 1 | 4700 South Westmoreland Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.04 | Property | 1 | 2110 Patterson Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.05 | Property | 1 | 26 Maple Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
4.08 | Property | 1 | 1060 State Highway 10 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | 0 | 0 | 164,809,129 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | 0 | 0 | 62,899,913 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6.01 | Property | 1 | Porcelain Tile Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
6.02 | Property | 1 | Sweeney Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | 0 | 0 | 392,236,503 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | 0 | 0 | 56,291,689 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 19 | 1 | Residence Inn Del Mar | 6,253,883 | 0 | 25,000,000 | 6/1/2043 | 195.04 | 165.15 | 84.7% | 195.04 | 165.15 | 84.7% | 190.40 | 161.53 | 84.8% | 141.27 |
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | 0 | 0 | 37,069,676 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | 0 | 0 | 382,955,402 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | 0 | 0 | 27,857,915 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | 0 | 0 | 15,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | 0 | 0 | 13,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | 2,479,571 | 0 | 12,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 1 | UOVO Livermore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
17 | Loan | 1 | Texas Parkway Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAP | 252.36 | 222.88 | 88.3% | 252.36 | 234.48 | 92.9% | NAV | NAV | NAV | NAV | |||
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
21.01 | Property | 1 | 1 Primerica Parkway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
21.02 | Property | 1 | 701 Clay Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 11/30/2024 | 110.47 | 77.77 | 70.4% | 110.47 | 77.77 | 70.4% | 98.65 | 81.69 | 82.8% | 95.36 | |||
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-16 |
BMO 2024-C8
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/Investor Carry |
1 | Loan | 1, 4, 7, 10, 12, 16, 18, 20 | 1 | Danbury Fair Mall | NAP | NAP | ||||||||
2 | Loan | 1, 7, 12, 19, 21, 24 | 1 | 60 Hudson | NAP | NAP | ||||||||
3 | Loan | 3, 7, 12, 19, 24, 32 | 1 | Fayette Pavilion | NAP | NAP | ||||||||
4 | Loan | 3, 4, 5, 6, 15, 16, 24, 30 | 8 | Tekni-Plex Industrial Portfolio | NAP | NAP | ||||||||
4.01 | Property | 1 | 8662 Main Street | NAP | NAP | |||||||||
4.02 | Property | 1 | 910 Vision Drive | NAP | NAP | |||||||||
4.03 | Property | 1 | 4700 South Westmoreland Road | NAP | NAP | |||||||||
4.04 | Property | 1 | 2110 Patterson Street | NAP | NAP | |||||||||
4.05 | Property | 1 | 26 Maple Avenue | NAP | NAP | |||||||||
4.06 | Property | 1 | 8720 US 70 Business Highway West | NAP | NAP | |||||||||
4.07 | Property | 1 | 1445 Timber Wolf Drive | NAP | NAP | |||||||||
4.08 | Property | 1 | 1060 State Highway 10 | NAP | NAP | |||||||||
5 | Loan | 2, 4, 5, 7, 19, 21, 23, 31 | 1 | Axis Apartments | NAP | NAP | ||||||||
6 | Loan | 6, 13, 16 | 2 | AHF Crossville Portfolio | NAP | NAP | ||||||||
6.01 | Property | 1 | Porcelain Tile Drive | NAP | NAP | |||||||||
6.02 | Property | 1 | Sweeney Drive | NAP | NAP | |||||||||
7 | Loan | 1, 3, 7, 12, 13, 23, 24 | 1 | Arundel Mills and Marketplace | NAP | NAP | ||||||||
8 | Loan | 5, 19, 23, 30 | 1 | Monroe Street Retail | NAP | NAP | ||||||||
9 | Loan | 19 | 1 | Residence Inn Del Mar | 112.35 | 79.5% | ||||||||
10 | Loan | 10, 19, 21 | 1 | Lincoln City Outlet Center | NAP | NAP | ||||||||
11 | Loan | 1, 7, 12, 13, 19, 24 | 1 | Woodfield Mall | NAP | NAP | ||||||||
12 | Loan | 7, 10, 12, 18, 23, 24 | 1 | Medlock Crossing | NAP | NAP | ||||||||
13 | Loan | 11, 13, 19, 30 | 1 | BJ's Saratoga Springs | NAP | NAP | ||||||||
14 | Loan | 11, 13, 19, 30 | 1 | BJ's Mooresville | NAP | NAP | ||||||||
15 | Loan | 5, 14, 16, 26, 27 | 1 | Contour Windows Industrial | NAP | NAP | ||||||||
16 | Loan | 1 | UOVO Livermore | NAP | NAP | |||||||||
17 | Loan | 1 | Texas Parkway Shopping Center | NAP | NAP | |||||||||
18 | Loan | 2, 4, 6, 10, 12, 16 | 4 | CPC Medical Office Portfolio | NAP | NAP | ||||||||
18.01 | Property | 1 | Centers for Pain Control and Vein Care - Hobart | NAP | NAP | |||||||||
18.02 | Property | 1 | Centers for Pain Control and Vein Care - Valparaiso | NAP | NAP | |||||||||
18.03 | Property | 1 | Centers for Pain Control and Vein Care - LaPorte | NAP | NAP | |||||||||
18.04 | Property | 1 | Centers for Pain Control and Vein Care - Merrillville | NAP | NAP | |||||||||
19 | Loan | 5, 19, 24 | 1 | Nameoki Commons | NAP | NAP | ||||||||
20 | Loan | 3, 16, 19, 28 | 1 | Good Hotels Denver | NAV | NAV | ||||||||
21 | Loan | 6, 7, 19, 30 | 2 | OPI Portfolio | NAP | NAP | ||||||||
21.01 | Property | 1 | 1 Primerica Parkway | NAP | NAP | |||||||||
21.02 | Property | 1 | 701 Clay Avenue | NAP | NAP | |||||||||
22 | Loan | 19 | 1 | Sunrise Shopping Center | NAP | NAP | ||||||||
23 | Loan | 5, 13, 16, 30 | 1 | NB Owners Corp. | NAP | NAP | 250,000 | 21,200,000 | 25.0% | 6.3% | 0 | 0 | 8 | NAP |
24 | Loan | 5, 16, 30 | 1 | 3095 Owners Corp. | NAP | NAP | NAP | 11,600,000 | 44.3% | 0.0% | 0 | 0 | 0 | NAP |
25 | Loan | 4, 19 | 1 | Polly's Country Market | NAP | NAP | ||||||||
26 | Loan | 11, 13, 19 | 1 | Walgreens Millbrook | NAP | NAP | ||||||||
27 | Loan | 11, 13, 19 | 1 | Walgreens Palmview TX | NAP | NAP | ||||||||
28 | Loan | 19, 30 | 1 | Best Western Plus Executive Inn | 77.72 | 81.5% | ||||||||
29 | Loan | 6, 14, 16, 32 | 2 | Tennessee RV Park | NAP | NAP | ||||||||
29.01 | Property | 1 | Will Evans Road Hidden Acres RV Park | NAP | NAP | |||||||||
29.02 | Property | 1 | Tibbs Road Hidden Acres RV Park | NAP | NAP | |||||||||
30 | Loan | 5, 13, 16, 30 | 1 | Van Buren Owners, Inc. | NAP | NAP | 500,000 | 16,870,000 | 22.8% | 14.3% | 12 | 0 | 0 | -33,770 |
31 | Loan | 5, 13, 16, 30 | 1 | Bel-Air Equities, Inc. | NAP | NAP | 600,000 | 17,400,000 | 20.4% | 14.3% | 10 | 0 | 1 | 96,980 |
32 | Loan | 11, 13, 19 | 1 | Walgreens Greenwood | NAP | NAP | ||||||||
33 | Loan | 5, 16, 30 | 1 | 839 West End Avenue, Inc. | NAP | NAP | NAP | 29,800,000 | 10.1% | 40.5% | 17 | 0 | 0 | -25,099 |
34 | Loan | 5, 13, 16, 30 | 1 | Rumsey Garden Owners, Inc. | NAP | NAP | 500,000 | 14,400,000 | 20.8% | 8.4% | 5 | 0 | 2 | -7,413 |
35 | Loan | 5, 16, 30 | 1 | 325 East 72nd Street, Inc. | NAP | NAP | NAP | 64,300,000 | 4.4% | 0.0% | 0 | 0 | 0 | NAP |
36 | Loan | 5, 13, 16, 30 | 1 | The Franklin Owners Corp. | NAP | NAP | 250,000 | 18,300,000 | 15.0% | 6.9% | 0 | 5 | 0 | 26,326 |
37 | Loan | 5, 13, 16, 30 | 1 | Imperial Sanford Owners, Inc. | NAP | NAP | 200,000 | 28,500,000 | 9.5% | 0.8% | 1 | 0 | 0 | 2,550 |
38 | Loan | 5, 13, 16, 30 | 1 | Centrentset Corp. | NAP | NAP | 350,000 | 54,000,000 | 4.9% | 23.5% | 24 | 0 | 0 | 357,185 |
39 | Loan | 5, 16, 30 | 1 | Gunther Building 1873, Corp. a/k/a Gunther Building 1873 Corp. | NAP | NAP | NAP | 46,300,000 | 5.4% | 0.0% | 0 | 0 | 0 | NAP |
40 | Loan | 5, 16, 30 | 1 | Hudson Gate II Apartment Corp. | NAP | NAP | NAP | 14,800,000 | 15.3% | 0.0% | 0 | 0 | 0 | NAP |
41 | Loan | 5, 13, 16, 30 | 1 | 536 Owners Ltd. | NAP | NAP | 250,000 | 15,900,000 | 14.1% | 25.0% | 10 | 0 | 0 | -28,500 |
42 | Loan | 5, 13, 16, 30 | 1 | 70 N. Grove Owners Corp. a/k/a 70 North Grove St. Corp. | NAP | NAP | 500,000 | 29,000,000 | 6.9% | 0.0% | 0 | 0 | 0 | NAP |
43 | Loan | 5, 13, 16, 30 | 1 | 306-100th Street Owners Corp. | NAP | NAP | 500,000 | 27,200,000 | 7.3% | 3.1% | 1 | 0 | 0 | -2,084 |
44 | Loan | 5, 13, 16, 30 | 1 | Valley View Gardens of Monsey, New York, Section II, Inc. | NAP | NAP | 500,000 | 21,700,000 | 7.6% | 0.0% | 0 | 0 | 0 | NAP |
45 | Loan | 5, 16, 30 | 1 | 43 North Forest Avenue Owners Corp. | NAP | NAP | NAP | 8,300,000 | 18.0% | 8.8% | 3 | 0 | 0 | 21,505 |
46 | Loan | 5, 13, 16, 30 | 1 | 2669 Owners Ltd. | NAP | NAP | 175,000 | 16,800,000 | 8.9% | 7.4% | 2 | 0 | 0 | -24,336 |
47 | Loan | 5, 13, 16, 30 | 1 | 29 West 10th St. Corp. | NAP | NAP | 200,000 | 5,420,000 | 27.6% | 0.0% | 0 | 0 | 0 | NAP |
48 | Loan | 5, 16, 30 | 1 | 1160 Richmond Owners, Inc. | NAP | NAP | NAP | 14,100,000 | 10.3% | 16.9% | 12 | 0 | 0 | 32,026 |
49 | Loan | 5, 13, 16, 30 | 1 | 325 East 80th Apts. Corp. | NAP | NAP | 200,000 | 18,500,000 | 7.1% | 17.4% | 8 | 0 | 0 | 30,891 |
50 | Loan | 5, 13, 16, 30 | 1 | 222 Smith Street Owners, Inc. | NAP | NAP | 175,000 | 8,000,000 | 16.2% | 0.0% | 0 | 0 | 0 | NAP |
51 | Loan | 5, 13, 16, 30 | 1 | Wappingers Falls Owners Corp. | NAP | NAP | 125,000 | 10,400,000 | 12.5% | 0.0% | 0 | 0 | 0 | NAP |
52 | Loan | 5, 13, 16, 30 | 1 | 134-136 West 82nd Street Owners, Inc. | NAP | NAP | 300,000 | 8,200,000 | 14.6% | 0.0% | 0 | 0 | 0 | NAP |
A-17 |
Footnotes to Annex A
(1) | “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “LCF” denotes Ladder Capital Finance LLC as Mortgage Loan Seller, “NCB” denotes National Cooperative Bank, N.A. as Mortgage Loan Seller, “MSMCH” denotes Morgan Stanley Mortgage Capital Holdings LLC as Mortgage Loan Seller, “BSPRT” denotes BSPRT CMBS Finance, LLC as Mortgage Loan Seller, “GSMC” denotes Goldman Sachs Mortgage Company as Mortgage Loan Seller, “ZBNA” denotes Zions Bancorporation, N.A. as Mortgage Loan Seller, and “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller. |
With respect to Loan No. 1, Danbury Fair Mall, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, BMO and Morgan Stanley Bank, N.A.
With respect to Loan No. 2, 60 Hudson, the mortgage loan is part of a whole loan that was originated by Morgan Stanley Bank, N.A. The portion of the 60 Hudson Mortgage Loan evidenced by promissory notes A-6 and A-7-2 was originated by Morgan Stanley Bank, N.A. and subsequently acquired by BMO.
With respect to Loan No. 7, Arundel Mills and Marketplace, the mortgage loan is part of a whole loan that was co-originated by Wells Fargo Bank, National Association, CREFI, DBR Investments Co. Limited and Societe Generale Financial Corporation.
With respect to Loan No. 11, Woodfield Mall, the mortgage loan is part of a whole loan that was co-originated by BMO, Barclays Capital Real Estate Inc. and Bank of America, N.A.
(2) | With respect to Loan No. 5, Axis Apartments, the mortgaged property is comprised of a 716 unit, 60 story high rise multifamily property making up 95.3% of Underwritten EGI ($) and 17,195 square feet of ground floor retail making up 4.7% of Underwritten EGI ($). Approximately 13.8% of the net rentable square footage is currently being converted from office space to multifamily space. |
With respect to Loan No. 18, CPC Medical Office Portfolio, all of the mortgaged properties are medical office properties, and the mortgaged property located in Merrillville, Indiana has a portion used for physical therapy, and the mortgaged property located in Valparaiso, Indiana has portions used as a learning center and a restaurant.
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. |
With respect to Loan No. 3, Fayette Pavilion, the Largest Tenant, Kohl’s, operates under a ground lease terminating on January 31, 2027. Kohl’s has seven five-year renewal options remaining under its ground lease.
With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, the 910 Vision Drive mortgaged property is owned by the borrower in fee, and 100% ground leased (the “Ground Lease”) by the borrower to the Port Authority of Van Wert County, Ohio (the “Port Authority”) and the Port Authority subleases 100% of the property back to the borrower (the “Port Authority Lease”). The Ground Lease and Port Authority Lease each have a term of 5 years. The borrower cannot sublease its interest in the Port Authority Lease unless such sublease is to Tekni-Plex, Inc. (Tekni-Plex”) or another sublease approved by the Port Authority.
With respect to Loan No. 7, Arundel Mills and Marketplace, the mortgaged property includes a larger mall and lifestyle center which consists of 1,391,652 square feet of owned improvements and 547,331 square feet of leased fee improvements. Occupancy at the mortgaged property represents the occupancy excluding square footage from the leased fee tenant, Live Casino Hotel Maryland, and is based on the owned square footage totaling 1,391,652 square feet. Occupancy including Live Casino Hotel Maryland is 98.8%.
With respect to Loan No. 20, Good Hotels Denver, the mortgaged property consists of 20 rooms and 10,096 square feet of ground floor and basement retail space.
(4) | In certain cases, the mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. |
A-18 |
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. 1, Danbury Fair Mall, the Largest Tenant, Target, has a rent commencement date of April 14, 2024. We cannot assure you that the tenant will take occupancy, or begin paying rent, on the rent commencement date or at all.
With respect to Loan No. 1, Danbury Fair Mall, the Fourth Largest Tenant, Round 1 Entertainment opened and commenced paying rent on March 9, 2024.
With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, the improvements at the 910 Vision Drive mortgaged property are still under construction. As of the general contractor’s report dated January 11, 2024, the building shell for the 910 Vision Drive mortgaged property was generally complete, and remaining work included installation of equipment and completing interior finishes. At origination, $3,750,784.30 was deposited by the borrower into escrow with a third-party escrow agent for the completion of the improvements at such mortgaged property pursuant to the terms and conditions of an escrow agreement among Tekni-Plex, the borrower, the lender and the escrow agent.
With respect to Loan No. 5, Axis Apartments, occupancy includes 101 units that are currently being converted from office space to residential units and are leased by Sonder Hospitality USA Inc. (“Sonder”) for a six-year term with two, three-year renewal options. The other 615 units not subject to the Sonder lease are 91.2% leased.
With respect to Loan No. 18, CPC Medical Office Portfolio, the sole tenant, Centers for Pain Control & Vein Care, subleases a portion of its space at the Centers for Pain Control and Vein Care – Valparaiso mortgaged property to Little Caesars and Sylvan (collectively representing approximately 33.65% of the net rentable square footage at the Centers for Pain Control and Vein Care – Valparaiso mortgaged property). Additionally, an undetermined portion of the Centers for Pain Control and Vein Care – Merrillville mortgaged property is subleased by RCA Physical Therapy. Underwriting for the mortgage loan was based on the lease between Centers for Pain Control & Vein Care and the borrower.
With respect to Loan No. 25, Polly’s Country Market, the sole tenant, Polly's Food Service, Inc., subleases 576 square feet (1.2% of its total space) to American 1 Federal Credit Union to operate a small teller area with an ATM and an office. The sublease expires on March 31, 2025 (prior to end of the Polly's Food Service, Inc. lease expiration date) and has an annual base rent of $8,100.
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. |
With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, the appraised value represents the “As Portfolio” appraised value of the Tekni-Plex Industrial Portfolio Properties, which assumes a 1.25% portfolio premium is applied to the aggregate of the individual appraised values. The individual appraisal valuation dates are between December 18, 2023, and December 22, 2023. The aggregate of the “as is” appraised values of the Tekni-Plex Industrial Portfolio Properties is $103,700,000 which results in a Cut-off Date LTV and Maturity Date LTV of 56.3%.
With respect to Loan No. 5, Axis Apartments, the Appraised Value ($), Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are based on the appraiser’s “prospective as complete – proposed” value of $256,800,000 as of May 31, 2024, which assumes completion of the currently ongoing and planned renovation work for 101 units that are being converted from office space to residential units. The appraiser concluded an “as-is” appraised value of $229,400,000 as of September 29, 2023, which would result in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 59.3%.
With respect to Loan No. 8, Monroe Street Retail, the Appraised Value ($) represents the “As Is” prospective market value upon start of the O’Reilly Auto Parts lease. The Fifth Largest Tenant at the mortgaged property, O'Reilly Auto Parts, has signed its lease, has no further lease outs or extraordinary contingencies and is expected to commence paying rent on December 1, 2024, the date which the tenant is expected to open for business. All applicable tenant improvements, leasing commissions and gap rent through and including December 2024 were escrowed upfront in connection with the origination of the mortgage loan.
A-19 |
With respect to Loan No. 15, Contour Windows Industrial, the Appraised Value ($), Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are based on the appraiser’s “prospective value upon completion” value of $18,350,000 as of May 15, 2024, which assumes that the improvements at the mortgaged property have been completed and that the mortgaged property is occupied to a point of economic stabilization and market occupancy by May 15, 2024. It is also assumed that the final version of the fee in lieu of taxes (“FILOT”) agreement will not have any material changes from what has been disclosed in the appraisal and that it will be ratified by Pickens County, South Carolina. The “as-is” appraised value of the mortgaged property as of February 16, 2024 was $18,100,000, which would result in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 66.3% and 61.1%, respectively.
With respect to Loan No. 19, Nameoki Commons, the Appraised Value ($) of $11,810,000 as of December 11, 2023 excludes a release parcel valued at $890,000.
With respect to all residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the as-is appraised value of each property is the appraised value of such property assuming such property is operated as a residential cooperative.
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity / ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. |
● Loan No. 4, Tekni-Plex Industrial Portfolio
● Loan No. 6, AHF Crossville Portfolio
● Loan No. 18, CPC Medical Office Portfolio
● Loan No. 21, OPI Portfolio
● Loan No. 29, Tennessee RV Park
(7) | The Original Balance ($), Cut-off Date Balance ($), and Maturity / ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the prospectus. |
● Loan No. 1, Danbury Fair Mall
● Loan No. 2, 60 Hudson
● Loan No. 3, Fayette Pavilion
● Loan No. 5, Axis Apartments
● Loan No. 7, Arundel Mills and Marketplace
● Loan No. 11, Woodfield Mall
● Loan No. 12, Medlock Crossing
● Loan No. 21, OPI Portfolio
(8) | The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan. |
(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
(10) | With respect to Loan No. 1, Danbury Fair Mall, a Grace Period - Late Fee (Days) of five days is allowed. |
With respect to Loan No. 10, Lincoln City Outlet Center, a Grace Period - Late Fee (Days) of five days is permitted once during any consecutive 12-month period.
With respect to Loan No. 12, Medlock Crossing, a Grace Period – Late Fee (Days) of ten days is allowed.
A-20 |
With respect to No. 18, CPC Medical Office Portfolio, the borrower has a five-day Grace Period - Default (Days) for debt service payments once per calendar year. The grace period does not require notice from the lender and does not apply to the balloon payment.
(11) | With respect to Loan No. 13, BJ’s Saratoga Springs, the mortgage loan is structured with an anticipated repayment date of March 6, 2034 (the “ARD”) and a final maturity of September 6, 2037. From and after the ARD, the mortgage loan will bear interest at a rate per annum equal to the sum of the applicable interest rate and 4%. |
With respect to Loan No. 14, BJ’s Mooresville, the mortgage loan is structured with an anticipated repayment date of March 6, 2034, and a final maturity of September 6, 2037. From and after the ARD, the mortgage loan will bear interest at a rate per annum equal to the sum of the applicable interest rate and 4%.
With respect to Loan No. 26, Walgreens Millbrook, the mortgage loan is structured with an anticipated repayment date of March 6, 2034, and a final maturity of May 6, 2038. From and after the ARD, the mortgage loan will bear interest at a rate per annum equal to the sum of the applicable interest rate and 4%.
With respect to Loan No. 27, Walgreens Palmview TX, the mortgage loan is structured with an anticipated repayment date of March 6, 2034, and a final maturity of August 6, 2042. From and after the ARD, the mortgage loan will bear interest at a rate per annum equal to the sum of the applicable interest rate and 4%.
With respect to Loan No. 32, Walgreens Greenwood, the whole loan is structured with an anticipated repayment date of March 6, 2034, and a final maturity of June 6, 2039. From and after the ARD, the loan will bear interest at a rate per annum equal to the sum of the applicable interest rate and 4%.
(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 “YM1” component of the prepayment provision represents the greater of (i) yield maintenance or (ii) 1% of the outstanding principal balance of the mortgage loan at the time of prepayment.
The “1%” component of the prepayment provision represents 1% of the outstanding principal balance of the mortgage loan at the time of prepayment.
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 Danbury Fair Mall, the lockout period will be at least 25 payment dates beginning with and including the first payment date in March 2024. The Danbury Fair Mall Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of the L&T Parcel (as defined below) pursuant to the Mortgage Loan documents) at any time from and after the earlier to occur of (i) February 6, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the Danbury Fair Mall Whole Loan to be securitized, with the payment of a yield maintenance premium if such prepayment is made prior to August 6, 2033. From and after August 6, 2033, the Danbury Fair Mall Whole Loan may be voluntarily prepaid in whole without the payment of a yield maintenance premium. The assumed lockout period of 25 payments is based on the anticipated closing date of the BMO 2024-C8 securitization trust in March 2024. The actual lockout period may be longer.
With respect to Loan No. 2, 60 Hudson, the defeasance lockout period will be at least 29 months beginning with and including the first payment date on November 1, 2023. Defeasance of the 60 Hudson whole loan is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last pari passu note to be securitized and (ii) April 1, 2027. The assumed defeasance lockout period of 29 payments is based on the expected BMO 2024-C8 securitization closing date in March 2024. The actual defeasance lockout period may be longer.
A-21 |
With respect to Loan No. 3, Fayette Pavilion, the lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2024. Defeasance of the Fayette Pavilion whole loan is permitted at any time after the earlier to occur of (i) February 8, 2027 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 months is based on the anticipated closing date of the BMO 2024-C8 securitization trust in March 2024. The actual lockout period may be longer.
With respect to Loan No. 7, Arundel Mills and Marketplace, defeasance of the Arundel Mills and Marketplace whole loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Arundel Mills and Marketplace whole loan to be securitized and (b) December 1, 2026. The assumed prepayment lockout period of 28 payments is based on the expected closing date of the BMO 2024-C8 transaction in March 2024. The actual lockout period may be longer. If any pari passu note has not been securitized for two years by December 1, 2026, the borrowers may prepay any note that has not been securitized for two years in an amount equal to the greater of (i) 1% of the prepaid amount or (ii) yield maintenance basis.
With respect to Loan No. 7, Arundel Mills and Marketplace, provided that no event of default exists and a control event has not occurred, (I) with respect to a partial prepayment, at any time prior to the date that is two years after the closing date of the securitization that includes the last note to be securitized (the “REMIC Prohibition Period”), and (II) with respect to a partial defeasance, at any time after the earlier to occur of (a) December 1, 2026, and (b) the expiration of the REMIC Prohibition Period, the Arundel Mills and Marketplace Whole Loan documents permit the release of Arundel Marketplace, which has an allocated loan amount of $11,000,000, upon defeasance or prepayment (together with, if prior to the open period, payment of a prepayment fee equal to the greater of 1.00% of the amount prepaid and a yield maintenance premium), as applicable, of 100% of such allocated loan amount of $11,000,000, provided the following conditions, among others, are satisfied: (i) (a) lender’s determination that the post-release debt yield for the remaining mortgaged property is equal to or greater than the pre-release debt yield for the mortgaged property, or (b) the borrowers’ partial defeasance or partial prepayment of the Arundel Mills and Marketplace Mortgage Whole Loan in an amount that would result in the post-release debt yield for the remaining mortgaged property being equal to or greater than the pre-release debt yield for the mortgaged property; (ii) an opinion of counsel that the partial release satisfies REMIC related requirements; and (iii) if Arundel Marketplace is conveyed to an affiliate, (a) receipt of an officer’s certificate confirming that the intended primary use of Arundel Marketplace will not be exclusively for retail, (b) any tenants being relocated to Arundel Marketplace from the mall property have been replaced with comparable tenants on comparable rental terms, (c) the release will not have a material adverse effect on the remaining mortgaged property and (d) receipt of a rent roll and leasing plan for the remaining mortgaged property and Arundel Marketplace.
With respect to Loan No. 11, Woodfield Mall, defeasance of the Woodfield Mall Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Woodfield Mall Whole Loan to be securitized and (b) June 1, 2027. The assumed defeasance lockout period of 27 payments is based on the expected closing date of the BMO 2024-C8 transaction in March 2024. The actual defeasance lockout period may be longer. If any pari passu note has not been securitized for two years by June 1, 2027, the borrowers may prepay any such note that has not been securitized for two years upon payment of a prepayment fee equal to the greater of (i) 1% of the prepaid amount and (ii) a yield maintenance charge in conjunction with the defeasance of any securitized pari passu notes that have been securitized for greater than two years by the projected repayment date.
With respect to Loan No. 12, Medlock Crossing, prepayment of the Medlock Crossing Whole Loan is permitted with a yield maintenance premium at any time from and after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Medlock Crossing Whole Loan to be securitized and (b) March 6, 2027. The assumed lockout period of 25 payments is based on the expected closing date of the BMO 2024-C8 transaction in March 2024. The actual lockout period may be longer.
With respect to Loan No. 18, CPC Medical Office Portfolio, the related mortgage loan documents permit the mortgagors to obtain a release of an individual mortgaged property after the payment date occurring in April, 2025 so long as certain conditions set forth in the mortgage loan documents have been satisfied. Such conditions include that as of the date of consummation of a partial release of any individual mortgaged property, after giving effect to such release: (i) if seventy percent (70%) or more of the aggregate rentable square footage of such released mortgaged property is occupied by the tenants as of the partial release date, then the debt yield with respect to the remaining individual mortgaged properties (based upon the trailing 12 month period) will be no less than the greater of (A) the debt yield as of the loan closing date and (b) the debt yield immediately prior to the consummation of such
A-22 |
partial release; or (ii) if less than 70% of the aggregate rentable square footage of such released mortgaged property is occupied by the tenants as of the partial release date, then the debt yield with respect to the remaining individual mortgaged properties (based upon the trailing 12 month period) will be no less than the debt yield immediately prior to the consummation of the partial release; provided, however, that the mortgagors will have the right to satisfy the foregoing applicable debt yield requirement by prepaying an additional portion of the outstanding principal balance of the mortgage loan in an amount sufficient, when applied to the outstanding principal balance of the mortgage loan, to cause such applicable debt yield requirements to be satisfied, in addition to the prepayment of the HTI Adjusted Release Amount (as defined below). In addition, in connection with such partial release of an individual mortgaged property, the mortgagors must either (i) prepay a portion of the mortgage loan in an amount equal to the sum of (a) the allocated loan amount for such individual mortgaged property being released and (b) 15% of the allocated loan amount for such individual mortgaged property (the “HTI Adjusted Release Amount”) and pay any applicable yield maintenance premium and other amounts payable by the borrower under the mortgage loan documents (including any additional amount necessary to meet the debt yield test described above) or (ii) if such release is made after the date that is the earlier of (a) three years from the loan closing date or (b) two years from the “startup day” within the meaning of Section 860G(a)(9) of the Code of the final REMIC Trust, partially defease the mortgage loan in an amount equal to or greater than the HTI Adjusted Release Amount for the applicable individual mortgaged property. Notwithstanding the foregoing, in the event that the lender has applied the net proceeds from a casualty or condemnation of an individual mortgaged property to the repayment of the mortgage loan and a partial release of such individual mortgaged property is thereafter completed, (1) the HTI Adjusted Release Amount for such individual mortgaged property will be reduced by the amount of such net proceeds so applied, and (2) no yield maintenance premium or similar sum will be due in connection therewith. Such permitted releases are also subject to the satisfaction of customary REMIC requirements.
(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. 6, AHF Crossville Portfolio, there currently exists an intercompany loan between the related borrower, AGNL Tile, L.L.C., and the borrower’s sole member, AGNL Tile Holdco L.L.C., in the amount of $10,132,500. Such intercompany loan is subordinate to the AHF Crossville Portfolio Mortgage Loan and is not secured by any collateral. A subordination agreement among the lender, the borrower and the borrower’s sole member provides: (i) the intercompany loan cannot be repaid other than from excess cash flow from the AHF Crossville Portfolio Mortgaged Properties that is made available to the borrower by the lender (and, in the case of a borrower bankruptcy or insolvency proceeding, the intercompany loan cannot be repaid until the debt evidenced by the AHF Crossville Portfolio Mortgage Loan is repaid in full); (ii) no further intercompany loan funds may be advanced without the lender’s prior written consent; (iii) the intercompany loan cannot be transferred other than to specified borrower affiliates without the lender’s consent; (iv) the material terms of the intercompany loan cannot be modified without the lender’s consent; and (v) the borrower’s sole member cannot take (x) any enforcement action in connection with the repayment of the intercompany loan or (y) any action in furtherance of any bankruptcy or insolvency proceeding of the borrower.
With respect to Loan No. 6, AHF Crossville Portfolio, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the aggregate loan-to-value ratio does not exceed 60.2%, (y) the aggregate debt service coverage ratio is equal to or greater than 1.62x and (z) the aggregate debt yield is not less than 11.9%, (ii) execution of an intercreditor agreement reasonably acceptable to the lender, (iii) if required by the lender, the borrower delivers a rating agency confirmation with respect to the mezzanine loan, and (iv) the maturity date of the mezzanine loan is coterminous with, or after than the maturity date of the AHF Crossville Portfolio mortgage loan.
With respect to Loan No. 7, Arundel Mills and Marketplace, the mortgaged property is subject to an existing property assessed clean energy loan in an original principal amount of $2,037,877.38 from Petros PACE Finance, LLC, a Texas limited liability company, to the borrowers. The property-assessed clean energy (“PACE”) loan has an approximately 17-year term with final payment occurring in November 2035. The annual debt service is $195,956.85 and the remaining balance, including all interest and administrative expenses, as of October 2023 was $1,633,579.73. Payments and any accrued interest are collected on the tax bill for the Arundel Mills and Marketplace Property and constitute a first lien on the Arundel Mills and Marketplace Property that has a priority over any mortgage loan. In addition, the Arundel Mills and Marketplace Whole Loan documents permit the borrowers to enter into an additional PACE loan for an amount not to exceed $5,000,000.
A-23 |
With respect to Loan No. 11, Woodfield Mall, the Woodfield Mall Property also secures the Woodfield Mall Subordinate Companion Loan, which has an aggregate Cut-off Date principal balance of $30,000,000. The Woodfield Mall Subordinate Companion Loan accrues interest at 10.01625% per annum. The Woodfield Mall Senior Loan is senior in right of payment to the Woodfield Mall Subordinate Companion Loan.
With respect to Loan No. 11, Woodfield Mall, the related mortgage loan documents permit the borrower to enter into a property-assessed clean energy loan for an amount not to exceed $5,000,000, subject to the lender’s approval and delivery of a rating agency confirmation. Additionally, the related mortgage loan documents permit upper tier equity pledges provided that, among other conditions, (i) such debt is secured by a pledge of a substantial portion of the assets wholly owned by the pledgor, and (ii) any foreclosure of such pledge must be to a bank or similar financial institution that has (a) total assets in excess of $650,000,000 and (b) (except with respect to a pension advisory firm or similar fiduciary) either a net worth or combined capital and statutory surplus or shareholder’s equity in excess of $250,000,000 (which may include a bank or financial institution acting as agent for a group of lenders provided that 51% of such debt is held by a bank or similar financial institution meeting such requirements).
With respect to Loan No. 13, BJ’s Saratoga Springs, the related borrower’s sole owner may obtain a fixed-rate co-terminus mezzanine loan from an institutional lender (defined by criteria set forth in the related loan agreement) subject to a maximum loan-to-value ratio (of the BJ’s Saratoga Springs Mortgage Loan and mezzanine loan combined) of 85%, a minimum debt service coverage ratio (of the BJ’s Saratoga Springs Mortgage Loan and mezzanine loan combined) of 1.20x and the mezzanine lender entering into an intercreditor agreement in the form attached to the related loan agreement. In addition, the upper tier parents of the related borrower may obtain corporate financing secured by pledges of equity in subsidiaries from a qualified real estate investor (defined by criteria set forth in the related loan agreement) subject to the requirement that the corporate lender, following exercise of any remedies, remains at least 51% controlled by one or more qualified real estate investors and subject to the requirement that the corporate financing is secured by at least a majority of the real estate assets owned by the pledgor, which will constitute no fewer than four (4) real estate assets (properties or owners of properties) (inclusive of the pledgor’s interest in the related borrower).
With respect to Loan No. 14, BJ’s Mooresville, the related borrower’s sole owner may obtain a fixed-rate co-terminus mezzanine loan from an institutional lender (defined by criteria set forth in the related loan agreement) subject to a maximum loan-to-value ratio (of the BJ’s Mooresville Mortgage Loan and mezzanine loan combined) of 85%, a minimum debt service coverage ratio (of the BJ’s Mooresville Mortgage Loan and mezzanine loan combined) of 1.20x and the mezzanine lender entering into an intercreditor agreement in the form attached to the related loan agreement. In addition, the upper tier parents of the related borrower may obtain corporate financing secured by pledges of equity in subsidiaries from a qualified real estate investor (defined by criteria set forth in the related loan agreement) subject to the requirement that the corporate lender, following exercise of any remedies, remains at least 51% controlled by one or more qualified real estate investors and subject to the requirement that the corporate financing is secured by at least a majority of the real estate assets owned by the pledgor, which shall constitute no fewer than four (4) real estate assets (properties or owners of properties) (inclusive of the pledgor’s interest in the related borrower).
With respect to Loan No. 26, Walgreens Millbrook, the related borrower’s sole owner may obtain a fixed-rate co-terminus mezzanine loan from an institutional lender (defined by criteria set forth in the related loan agreement) subject to a maximum loan-to-value ratio (of the WAG Millbrook Mortgage Loan and mezzanine loan combined) of 85%, a minimum debt service coverage ratio (of the WAG Millbrook Mortgage Loan and mezzanine loan combined) of 1.20x and the mezzanine lender entering into an intercreditor agreement in the form attached to the related loan agreement. In addition, the upper tier parents of the related borrower may obtain corporate financing secured by pledges of equity in subsidiaries from a qualified real estate investor (defined by criteria set forth in the related loan agreement) subject to the requirement that the corporate lender, following exercise of any remedies, remains at least 51% controlled by one or more qualified real estate investors and subject to the requirement that the corporate financing is secured by at least a majority of the real estate assets owned by the pledgor, which shall constitute no fewer than four (4) real estate assets (properties or owners of properties) (inclusive of the pledgor’s interest in the related borrower).
With respect to Loan No. 27, Walgreens Palmview TX, the related borrower’s sole owner may obtain a fixed-rate co-terminus mezzanine loan from an institutional lender (defined by criteria set forth in the related loan agreement) subject to a maximum loan-to-value ratio (of the WAG Palmview, TX Mortgage Loan and mezzanine loan combined) of 85%, a minimum debt service coverage ratio (of the WAG Palmview, TX Mortgage Loan and mezzanine loan combined) of 1.20x and the mezzanine lender entering into an intercreditor agreement in the form attached to the related loan agreement. In addition, the upper tier parents of the related borrower may obtain corporate financing secured by pledges of equity in subsidiaries from a qualified real estate investor (defined by criteria set forth in the
A-24 |
related loan agreement) subject to the requirement that the corporate lender, following exercise of any remedies, remains at least 51% controlled by one or more qualified real estate investors and subject to the requirement that the corporate financing is secured by at least a majority of the real estate assets owned by the pledgor, which shall constitute no fewer than four (4) real estate assets (properties or owners of properties) (inclusive of the pledgor’s interest in the related borrower).
With respect to Loan No. 32, Walgreens Greenwood, the related borrower’s sole owner may obtain a fixed-rate co-terminus mezzanine loan from an institutional lender (defined by criteria set forth in the related loan agreement) subject to a maximum loan-to-value ratio (of the WAG Greenwood Mortgage Loan and mezzanine loan combined) of 85%, a minimum debt service coverage ratio (of the WAG Greenwood Mortgage Loan and mezzanine loan combined) of 1.20x and the mezzanine lender entering into an intercreditor agreement in the form attached to the related loan agreement. In addition, the upper tier parents of the related borrower may obtain corporate financing secured by pledges of equity in subsidiaries from a qualified real estate investor (defined by criteria set forth in the related loan agreement) subject to the requirement that the corporate lender, following exercise of any remedies, remains at least 51% controlled by one or more qualified real estate investors and subject to the requirement that the corporate financing is secured by at least a majority of the real estate assets owned by the pledgor, which shall constitute no fewer than four (4) real estate assets (properties or owners of properties) (inclusive of the pledgor’s interest in the related borrower).
With respect to the residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the information contained in the columns entitled “Subordinate Companion Loan Cut-off Date Balance ($)”, and “Subordinate Companion Loan Interest Rate", also includes relevant information regarding the subordinate lines of credit corresponding to such loans, although those subordinate lines of credit are not considered Companion Loans. See the chart column entitled "Existing Additional Secured Debt—Additional Debt Financing For Mortgage Loans Secured by Residential Cooperatives Sold to the Depositor by National Cooperative Bank, N.A.”; in this prospectus.
(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. |
For purposes of determining the debt service coverage ratio and debt yield for a residential cooperative mortgage loan, the Underwritten NOI DSCR (x) and the Underwritten NCF DSCR (x) for a residential cooperative property is the projected net cash flow reflected in an appraisal of such residential cooperative property.
With respect to Loan No. 15, Contour Windows Industrial, the Underwritten Net Cash Flow ($) and the Underwritten Net Operating Income ($) are calculated using the 15-year absolute triple net lease signed by Contour Windows with a lease start date of January 1, 2024 for income as well as the appraisal for assumed expenses.
With respect to Loan No. 29, Tennessee RV Park, the Underwritten Net Cash Flow ($) and the Underwritten Net Operating Income ($) are calculated using the in-place rent roll as of January 8, 2024. Expenses are based on the 2024 borrower sponsor provided budget and the appraisal.
(15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. |
With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, Tekni-Plex, the master tenant has provided the borrower with a letter of credit in the face amount of $4,100,000, to be held as security for the Tekni-Plex Industrial Portfolio master tenant’s obligations under the master lease. If there is a default under the lease, the borrower may draw down on the letter of credit and use the funds to pay for unpaid rent, landlord damages and other items set forth in the master lease (the “Tekni-Plex LC”). The Tekni-Plex LC is not assigned to the lender but the borrower is required, pursuant to the terms of the Tekni-Plex Industrial Portfolio loan documents, to draw down on such funds when permitted to under the lease and deposit the sums with the lender, to be used by the lender in accordance with the terms of the master lease. The Tekni-Plex LC does not have to be renewed by the tenant once the construction at the 910 Vision Drive mortgaged property is complete.
(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. 1, Danbury Fair Mall, the historical occupancy figures include all signed leases and specialty leases with a term of greater than six months for mall and freestanding tenants. Occupancy does not include gross leasable area for anchor tenants.
A-25 |
With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, historical financial information is not available because the Tekni-Plex Industrial Portfolio mortgaged properties were acquired by the borrower in a sale leaseback transaction on the origination date, except for the 910 Vision Drive mortgaged property, which was acquired in April 2023.
With respect to Loan No. 6, AHF Crossville Portfolio, historical financial information is unavailable due to the acquisition of the AHF Crossville Portfolio mortgaged properties at origination of the AHF Crossville Portfolio mortgage loan.
With respect to Loan No. 15, Contour Windows Industrial, historical financial information is not available due to the recent development of the mortgaged property.
With respect to Loan No. 18, CPC Medical Office Portfolio, historical financials are not available as the mortgaged properties were acquired in 2024.
With respect to Loan No. 20, Good Hotels Denver, historical financial information prior to 2023 is not available as the borrower sponsor acquired the mortgaged property in August 2022.
With respect to Loan No. 29, Tennessee RV Park, historical financials are not available as the mortgaged properties were built in 2023.
Due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A with respect to other Mortgage Loans is not presented with respect to the residential cooperative Mortgage Loans sold to the trust and is, instead, reflected as not applicable (NAP). Since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI ($), Second Most Recent NOI ($), Third Most Recent NOI ($), and the related fields shown on Annex A-1 are not presented on Annex A with respect to the residential cooperative Mortgage Loans sold to the trust.
(17) | Intentionally blank. |
(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. |
With respect to Loan No. 1, Danbury Fair Mall, Other Reserves include an outstanding TI/LC reserve of $3,460,293 and a gap and free rent reserve of $642,965.09 which represents pro-rated rent for tenants with lease commencement dates after the note date, as well as the differential in current and contractual rent for tenants whose co-tenancy clauses are cured by incoming leases of Target and Round 1 Entertainment.
With respect to Loan No. 12, Medlock Crossing, $123,723 of the free rent reserve amount represents Regal Cinemas’ rent credit (related to an overpayment in base rent from January 2023 through May 2023). As of May 2023, Regal Cinemas agreed to a lease extension for an additional period of 86 months commencing on January 1, 2023. As part of the extension, the rent was reduced from $15.50 per square foot to $11.30 per square foot retroactive to January 2023. The remaining balance in the free rent reserve relates to two smaller tenants.
(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, 60 Hudson, on each monthly payment date during a reserve trigger period, the borrower is required to deposit an amount equal to $19,160.32 into a replacement reserve account and $287,404.75 into a rollover reserve account.
With respect to Loan No. 3, Fayette Pavilion, the borrowers were required at origination to fund a $6,770,048 general reserve to be used for future TI/LCs and capital expenditures. Upon the balance in the TI/LC and replacements reserve falling below $250,000, the borrower is required to deposit $17,731 monthly into the joint TI/LC and replacements reserve. The joint TI/LC and replacements reserve is capped at $250,000. For presentation purposes,
A-26 |
the joint TI/LC and replacements reserve is shown in the Upfront CapEx Reserve ($) and Monthly CapEx Reserve ($) fields.
With respect to Loan No. 5, Axis Apartments, at origination of the mortgage loan, the borrower posted two letters of credit for (i) a Sonder base rent reserve of $3,624,131, which accounts for approximately one year of Sonder’s rent, (ii) a Sonder gap rent reserve of $1,812,061 and (iii) a Sonder free rent reserve of $1,208,040.
With respect to Loan No. 8, Monroe Street Retail, the TI/LC Cap ($) is equal to $1,000,000. If the TI/LC Reserve falls below the cap, the Monthly TI/LC Reserve of $29,432.98 would apply and be collected.
With respect to Loan No 9, Residence Inn Del Mar, if a cash management trigger period exists, in lieu of hotel revenues being deposited into the lockbox account, the hotel manager, Residence Inn By Marriott, LLC or a replacement franchisor or brand manager (“Franchisor”) may collect revenues from the related mortgaged property and apply them in accordance with the Franchisor Cash Flow Provision (as defined below), so long as the Franchisor CM Conditions (as defined below) are satisfied, provided that any Net Remittance (as defined below) will be required to be deposited into the lockbox account by the Franchisor on a monthly basis. The borrower is required to enter into a springing lockbox agreement within 45 days of loan origination (subject to an additional 45 days so long as the borrower is diligently pursuing the same).
“Franchise Cash Flow Provision” means provision(s) providing that the Franchisor: (i) will collect all mortgaged property revenue and hold it in eligible accounts with an eligible institution in the name of borrower which have been pledged to secure the Mortgage Loan, (ii) will apply said revenue solely to the payment of mortgaged property operating expenses and brand management fees, (iii) will maintain and hold reserves for furniture, fixtures and equipment (“FF&E”) in eligible accounts with an eligible institution in the name of borrower which have been pledged to secure the Mortgage Loan, and (iv) that any excess revenue after the payment of costs under clause (ii) (the “Net Remittance”) will (x) following the first occurrence of a cash management trigger period, be deposited into the lockbox account or (y) to the extent no such trigger period exists, be disbursed to the borrower.
“Franchisor CM Conditions” means each of the following conditions: (i) the Franchisor is not subject to a bankruptcy or insolvency proceeding, in material default of the hotel management agreement or any replacement franchise agreement or brand management agreement (the “Franchise Agreement”) which would give rise to a termination right of the borrower, or failing to apply revenue as provided in the Franchise Agreement, (ii) either (x) the Franchise Agreement in place as of the origination date is in full force and effect and the Franchisor continues to be owned and controlled by Marriott International, Inc., or (y) a replacement franchise agreement is in full force and effect in the form of a “brand management” agreement, and (iii) the Franchise Agreement or such replacement franchise agreement has a Franchise Cash Flow Provision reasonably acceptable to the lender and all revenue from the mortgaged property is being collected by the Franchisor and applied in accordance with said Franchise Cash Flow Provision.
With respect to Loan No. 9, Residence Inn Del Mar, prior to the origination date, a reserve account was established between the borrower and Franchisor for costs and expenses in connection with FF&E (the “Franchisor Reserve Account”). Pursuant to the mortgage loan documents, the Franchisor has the right to withdraw funds from the Franchisor Reserve Account subject to the terms and conditions set forth in the Franchise Agreement, the hotel SNDA and a franchisor reserve account control agreement with the Franchisor. As of the origination date, the franchisor reserve account control agreement had not yet been executed and delivered, and therefore the lender does not have a perfected security interest in the Franchisor Reserve Account. The borrower is required to enter into the franchisor reserve account control agreement within 45 days of loan origination (subject to an additional 45 days so long as the borrower is diligently pursuing the same).
With respect to Loan No. 9, Residence Inn Del Mar, during any period when the Reserve Waiver Conditions (as defined below) fail to be satisfied, the borrower must deposit into a refundable advance payments account as and when received an amount equal to the refundable advance payments and deposits that have been received, including for group business, banquets and other events that are in excess of $50,000. Provided that no event of default exists, the lender must disburse funds in the refundable advance payments account once per calendar month within ten days following the borrower’s written request accompanied by reasonable documentation, to be applied as follows: (i) to the borrower, for payment of refunds due from the advance payments and deposits or (ii) where such advance payments and deposits have been forfeited or where the applicable event has occurred and the charges have been incurred by the hotel customer, either to the borrower (if no cash management trigger period is continuing) or (if a cash management trigger period is continuing) to the cash management account to be applied on the next monthly payment date. “Reserve Waiver Conditions” means certain conditions set forth in the loan agreement, including but not limited to (i) no event of default exists, (ii) the Franchisor is not in monetary or material
A-27 |
default beyond applicable cure periods, and (iii) the Franchisor continues to collect the amounts, make the payments and perform the obligations and liabilities related to the applicable reserve account.
With respect to Loan No. 10, Lincoln City Outlet Center, the borrower is required to deposit on each monthly payment date, the Leasing Reserve Monthly Deposit (as defined below) for landlord construction obligations, tenant improvements and leasing commissions up to a cap of $1,500,000 (the “Leasing Reserve Cap”).
“Leasing Reserve Monthly Deposit” means (a) on each monthly payment date from and after the origination date through the monthly payment date occurring in March 2025, $42,601.33, (b) on each monthly payment date from and after April 2025 through the monthly payment date occurring in March 2026, $31,951.00, and (c) on each monthly payment date from and after April 2026 through the stated maturity date in March 2034, $25,560.83; in each case subject to the Leasing Reserve Cap; provided, however, that after the first occurrence of the balance of the leasing reserve being equal to or exceeding the Leasing Reserve Cap and then subsequently falling below the Leasing Reserve Cap, the Leasing Reserve Monthly Deposit will thereafter be $26,625.83.
With respect to Loan No. 10, Lincoln City Outlet Center, on a monthly basis, the borrower is required to deposit into an insurance reserve, 1/12th of the amount which will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies (initially estimated to be approximately $8,195). Additionally, for so long as the borrower pays insurance premiums on a monthly basis, the borrower is required to make monthly payments in an amount such that the balance of the insurance reserve is equal to or exceeds the aggregate amount of the estimated cost of the next three months’ worth of insurance premiums as determined by the lender. However, deposits into the insurance reserve will be conditionally waived so long as the balance of the insurance reserve is equal to or exceeds the aggregate amount of the estimated cost of the next three months’ worth of insurance premiums as determined by the lender.
With respect to Loan No. 11, Woodfield Mall, the borrower may provide a reserve guaranty or letter of credit in lieu of deposits of amounts due for the outstanding TI/LC reserve and/or gap rent reserve. No reserve guaranty was provided at origination.
With respect all five Mortgage Loans sold to the trust by Ladder Capital Finance LLC, (1) the borrower is not required to make monthly tax escrow deposits as long as (i) no cash sweep period exists, (ii) the sole tenant is permitted to and is actually paying taxes directly to the appropriate public office, (iii) the sole tenant lease is in full force and effect and neither landlord, nor tenant, nor guarantor under the lease is in default of any of its obligations beyond applicable notice and cure periods, if any and (2) the borrower is not required to make monthly insurance escrow deposits as long as (i) no cash sweep period exists, (ii) the sole tenant is permitted to maintain and is actually maintaining insurance in accordance with the terms of the sole tenant lease or the sole tenant is self-insured in accordance with the terms and conditions of the sole tenant lease, (iii) the sole tenant pays insurance premiums directly to the respective insurer or agent (unless the sole tenant is self-insured in accordance with the terms and conditions of the sole tenant lease) and (iv) the sole tenant lease is in full force and effect and neither landlord nor tenant thereunder is in default of any of its obligations beyond applicable notice and cure periods, if any.
With respect to Loan No. 19, Nameoki Commons, on each monthly payment date, the borrower is required to deposit an amount equal to 1/12th of the insurance premiums that the lender reasonably estimates will be payable for the renewal of the coverages afforded by the insurance policies. If all of the required insurance coverages are provided through an approved blanket policy, the borrower is not required to make deposits on account of insurance premiums; provided that (i) such blanket policy is maintained in full force and effect, (ii) the insurance premiums for such blanket policy are not paid in installments or financed and (iii) not less than 15 days prior to the expiration date of such blanket policy, the borrower provides the lender with (a) a certificate of insurance evidencing (1) the renewal of such blanket policy or (2) a new blanket policy approved by the lender and (b) evidence reasonably satisfactory of the payment in full of the insurance premiums then due thereunder.
With respect to Loan No. 19, Nameoki Commons, on each monthly payment date during a material tenant trigger event period, the borrower is required to deposit the monthly material tenant deposit for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrower in connection with leasing material tenant space pursuant to qualified leases.
With respect to Loan No. 20, Good Hotels Denver, on each monthly payment date, the borrower is required to deposit an amount equal to the greater of (i) 4.0% of the gross income during the second calendar month preceding the calendar month in which such monthly payment date occurs and (ii) an amount equal to 1/12th of the aggregate amount, if any, required to be reserved pursuant to the management agreement and the franchise agreement, if applicable, for capital expenditures during the calendar year in which such monthly payment date occurs.
A-28 |
With respect to Loan No. 20, Good Hotels Denver, on each monthly payment date during a franchise trigger event period, the borrower is required to deposit all franchise trigger event excess cash for costs incurred in connection with the property improvement plan work necessary to effect a franchise trigger event cure.
With respect to Loan No. 20, Good Hotels Denver, during a parcel agreement trigger event period caused by the borrower’s receipt of notice from the City of Denver informing the borrower of any planned construction on the northeast parcel or the southwest parcel, the borrower is required to deposit all parcel agreement excess cash for costs incurred in connection with the parcel work. The borrower has the right to avoid a parcel agreement trigger event by depositing with the lender, within two business days following the borrower’s receipt of the foregoing notice from the City of Denver, (i) a letter of credit or (ii) cash, in either case, in an amount equal to $325,000 per guest room affected by the parcel work.
With respect to Loan No. 20, Good Hotels Denver, during the period commencing on the origination date and continuing until the date on which the amount equal to (x) the outstanding principal balance, less (y) the aggregate amount of funds on deposit in the capital expenditures account, the rollover account, the parcel agreement excess cash account and the surplus cash flow account is equal to or less than $3,000,000 (a “Loan Amount Hurdle Cure”), the borrower is required to deposit all surplus cash, which sums will be held by the lender as additional security for the mortgage loan. The borrower has the right to suspend the loan amount hurdle sweep period prior to the occurrence of a Loan Amount Hurdle Cure by either (x) depositing with the lender cash in an amount equal to $700,000 or (y) posting a letter of credit in an amount equal to $700,000 with the lender (such cash or letter of credit, a “Loan Amount Hurdle Suspension Deposit”). If the borrower elects to suspend the loan amount hurdle sweep period by making or posting a Loan Amount Hurdle Suspension Deposit, as applicable, the borrower will be required on the next monthly payment date occurring in April and each monthly payment date occurring in April thereafter until the occurrence of a Loan Amount Hurdle Cure to make an additional Loan Amount Hurdle Suspension Deposit to continue to suspend the loan amount hurdle sweep period. If the borrower fails to make any additional Loan Amount Hurdle Suspension Deposit as required pursuant to the foregoing sentence, the loan amount hurdle sweep period will resume, and all surplus cash will be deposited into the surplus cash flow account.
With respect to Loan No. 21, OPI Portfolio, on each monthly payment date during a cash management trigger event period, the borrowers are required to deposit an amount sufficient to pay all taxes at least 30 days prior to their respective due dates. The borrowers’ obligation to make monthly tax deposits with respect to the mortgaged properties is waived for so long as, and to the extent that, (i) no event of default under the mortgage loan has occurred and is continuing, (ii) each mortgaged property is subject to a lease covering the entirety of such mortgaged property that requires the sole tenant thereunder to pay all taxes applicable to such mortgaged property directly to the applicable governmental authorities, (iii) the lease for such mortgaged property is in full force and effect and has not expired or terminated, (iv) no default under the lease for such mortgaged property has occurred and is continuing beyond applicable notice and cure periods, (v) the tenant under the lease for such mortgaged property is timely paying all taxes directly to the appropriate governmental authority in accordance with the terms of such lease and (vi) the borrowers deliver evidence reasonably satisfactory to the lender of such timely payment of all of the taxes for such mortgaged property.
With respect to Loan No. 21, OPI Portfolio, the borrowers are required to deposit (i) approximately $220 on each monthly payment date to maintain required flood insurance and (ii) on each monthly payment date during a cash management trigger event period, an amount sufficient to pay all insurance premiums for the purchase and/or renewal of insurance policies covering the mortgaged properties at least 30 days prior to the expiration of such policies. If all of the required insurance coverages for any OPI Portfolio mortgaged property is provided through an approved blanket policy, the borrowers are not required to make deposits on account of insurance premiums for such mortgaged property; provided that (i) such blanket policy is maintained in full force and effect, (ii) the insurance premiums for such blanket policy are not paid in installments or financed and (iii) not less than 15 days prior to the expiration date of such blanket policy, the borrowers provide the lender with (a) a certificate of insurance evidencing (1) the renewal of such blanket policy or (2) a new blanket policy approved by the lender and (b) evidence reasonably satisfactory of the payment in full of the insurance premiums then due thereunder.
With respect to Loan No. 21, OPI Portfolio, on each monthly payment date during a cash management trigger event period, the borrowers are required to deposit approximately $10,064 for capital expenditures.
With respect to Loan No. 21, OPI Portfolio, on each monthly payment date commencing after the lease with either (i) Primerica Life Insurance Company at the 1 Primerica Parkway mortgaged property or (ii) GSA - Veterans Benefits Administration at the 701 Clay Avenue mortgaged property, respectively, has been terminated or is no longer in full force and effect, the borrowers are required to deposit $90,578 to pay for tenant allowances, tenant improvements
A-29 |
and leasing commissions, subject to a cap of $2,173,883 if no cash management trigger period is continuing. If a cash management trigger period is not in effect, the borrowers may (x) deposit $2,173,883 to suspend the monthly rollover deposit obligation or (y) in lieu of a cash deposit, deliver a letter of credit with the face amount equal to $2,173,883.
With respect to Loan No. 21, OPI Portfolio, on each monthly payment date during a material tenant trigger event period, the borrowers are required to deposit the monthly material tenant deposit for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrowers in connection with leasing material tenant space pursuant to qualified leases. If no other cash management trigger event or cash sweep trigger event has occurred and is continuing, the borrowers are permitted to suspend a material tenant trigger event by either (x) depositing cash in an amount equal to 12 months of anticipated monthly material tenant deposits or (y) delivering a letter of credit with the face amount equal to 12 months of anticipated monthly material tenant deposits. Such deposit of cash or a letter of credit will be sufficient to suspend a material tenant trigger event only for a period of 12 months, after which monthly material tenant deposits are required to continue unless additional cash deposits are made or another letter of credit is delivered, as the case may be, in lieu of such monthly material tenant deposits.
With respect to Loan No. 22, Sunrise Shopping Center, the borrower is required to deposit on a monthly basis into the Anchor Tenant TI/LC Reserve, an amount equal to $7.25 per rentable square feet subject to a cap of $500,000, commencing on (a) with respect to the Largest Tenant, Global Food of Oxenhill Inc. (“Global Food”), February 29, 2028, or (b) with respect to another tenant that is occupying at least 15,000 square feet at the mortgaged property, the date that is 30 months prior to the expiration of such tenant’s lease.
With respect to Loan No. 22, Sunrise Shopping Center, at origination, $500,000 was deposited to the Global Food of Oxenhill Inc. Reserve, which amount will be available to Global Food on September 1, 2025, provided that Global Food is not in default under its lease and has remained open for the first five years of its lease. In the case that Global Food is in default or has not remained open during the first five years of its lease, until such time as Global Food cures its default, such amount will be applied to the Anchor Tenant TI/LC Reserve.
With respect to Loan No. 25, Polly’s Country Market, the borrower is required to deposit into the tenant improvements and leasing commissions reserve account an amount equal to $2,076.50 until (i) the lender has received reasonable satisfactory evidence that such Specified Tenant has extended or renewed its lease for its entire space leased for a term of no less than five years beyond the maturity date (with Specified Tenant not having any early termination rights) and pursuant to lease terms reasonably acceptable to the lender, so long as the rent amount is greater than or equal to the current rent and (ii) such Specified Tenant is in occupancy of its respective space, open for business and paying full and unabated rent. “Specified Tenant” means Polly's Food Service, Inc., and any replacement tenant occupying all or a portion of the space occupied by Polly’s Country Market at the Mortgaged Property.
With respect to Loan No. 28, Best Western Plus Executive Inn, in accordance with the mortgage loan documents, based on the annual operating statements at the mortgaged property, the lender may, in January of each calendar year, adjust the Monthly Replacement / FF&E Reserve ($) monthly deposit, initially estimated at $6,741, to be the greater of (a) 1/12th of 5% of the underwritten revenue for the prior calendar year and (b) the amount required pursuant to the terms of the franchise agreement, provided that from and after the date that lender has received evidence reasonably satisfactory to the lender that the borrower has spent no less than $300,000 towards completion of PIP work, the 5% of underwritten revenue figure contemplated above would reduce to 4%.
With respect to Loan No. 28, Best Western Plus Executive Inn, the mortgage loan documents require a springing Other Reserve deposit, if, at any time, any additional PIP work is required by the franchisor under the franchise/membership agreement, within 60 days after receipt of notice from the franchisor with respect to such PIP work, in an amount equal to 125% of the estimated costs to complete such additional PIP work minus the then current balance of the monthly CapEx/FF&E Reserve.
(20) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. |
With respect to Loan No. 1, Danbury Fair Mall, for so long as no trigger period is continuing, the Replacement Reserve Cap ($) for capital expenditures is equal to twenty-four (24) times the required monthly deposit.
A-30 |
With respect to Loan No. 1, Danbury Fair Mall, for so long as no trigger period is continuing, the TI/LC Cap ($) for approved leasing costs incurred after the origination date is equal to twenty-four (24) times the required monthly deposit.
(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, 60 Hudson, the Largest Tenant, Verizon, has 173,522 square feet that expires on December 31, 2034, and 10,898 square feet that expires on May 31, 2033.
With respect to Loan No. 5, Axis Apartments, the sixth through tenth floors of the mortgaged property, which the borrower sponsors are converting from office space to 101 residential units, is subject to a lease agreement between the borrower, as landlord, and Sonder Hospitality USA Inc. (“Sonder”), as tenant, that has a six-year term that expires in 2030 with two, three-year renewal options. When complete, the space will represent approximately 14.1% of the multifamily component of the mortgaged property, and Sonder is expected to sublease the units to individual tenants. The Sonder lease represents approximately 19.0% of underwritten base rent. Sonder is not yet in occupancy of its leased premises. Sonder is expected to commence occupancy following completion of certain landlord work required by such tenant’s lease which is expected to cost approximately $28,636,849 (including certain buildout and related work to convert the leased premises from commercial space into multifamily units), which landlord work has been divided into two phases, with the first phase scheduled to be completed on or before June 30, 2024 and the second phase scheduled to be completed on or before August 14, 2024. The estimated commencement date of the Sonder lease is August 16, 2024. Following commencement of the Sonder lease, Sonder will be in a rent abatement period and is not required to begin paying rent until the fifth calendar month of the lease term. In the event the borrower fails to complete either the first phase or the second phase by the foregoing scheduled completion dates, Sonder will receive a further abatement of rent equal to one day of rent for each day that the delivery of either phase is delayed beyond such scheduled completion dates for the first 30 days of such delay, which abatement will increase to two days of rent for each day that the delivery of either the first phase or the second phase is delayed beyond thirty days following the applicable scheduled completion date. There can be no assurance that Sonder will accept its improvements, that Sonder’s lease will commence or that Sonder will take possession of the leased premises and begin paying rent as expected or at all.
With respect to Loan No. 10, Lincoln City Outlet Center, the Second Largest Tenant, Columbia Sportswear, leases two spaces at the Lincoln City Outlet Center Property totaling 13,806 square feet. Columbia Sportswear leases 8,694 square feet pursuant to a lease expiring in September 2027. Columbia Sportswear may terminate its lease for 8,694 square feet upon 60 days’ written notice to the landlord if gross sales during any lease year are less than $100 per square foot, equal to $869,400; provided the termination notice is given to the landlord within 120 days of the borrower’s receipt of Columbia Sportswear’s annual statement of gross sales. Columbia Sportswear also leases 5,112 square feet pursuant to a lease expiring December 31, 2024 via Columbia Brands USA, LLC, which is an affiliate entity of Columbia Sportswear.
With respect to Loan No. 10, Lincoln City Outlet Center, the Fourth Largest Tenant, Scout Northwest Trading Co., has 7,570 square feet that expires on April 30, 2028 and 4,860 square feet that expires on February 28, 2025.
(22) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. |
(23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In 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. 5, Axis Apartments, the Sonder lease represents approximately 19.0% of underwritten base rent. Sonder is not yet in occupancy of its leased premises. Sonder is expected to commence occupancy following completion of certain landlord work required by such tenant’s lease which is expected to cost approximately $28,636,849 (including certain buildout and related work to convert the leased premises from commercial space into multifamily units), which landlord work has been divided into two phases, with the first phase scheduled to be completed on or before June 30, 2024 and the second phase scheduled to be completed on or before August 14, 2024. The estimated commencement date of the Sonder lease is August 16, 2024. In the event the borrower fails to deliver either the first phase by October 28, 2024 or the second phase by December 12, 2024, Sonder will have the right to terminate its lease without payment of a termination penalty by providing 45 days’ prior written notice to the landlord. There can be no assurance that Sonder will accept its improvements, that Sonder's
A-31 |
lease will commence or that Sonder will take possession of the leased premises and begin paying rent as expected or at all.
With respect to Loan No. 7, Arundel Mills and Marketplace, the Largest Tenant, Live Casino Hotel Maryland, representing approximately 28.2% of total net rentable square footage, may terminate its lease on June 30, 2027, which is the expiration of the first 15-year period from the rent commencement date, or at the end of any 10-year period thereafter.
With respect to Loan No. 8, Monroe Street Retail, the Largest Tenant, Target, leases its space pursuant to a ground lease.
With respect to Loan No. 8, Monroe Street Retail, the Fifth Largest Tenant, O'Reilly Auto Parts has signed its lease and is expected to commence paying rent on December 1, 2024, the date which the tenant is expected to open for business. All applicable tenant improvements, leasing commissions and gap rent through and including December 2024 were escrowed upfront in connection with the origination of the mortgage loan.
With respect to Loan No. 12, Medlock Crossing, the Second Largest Tenant, Nara Cuisine & Lounge, may terminate its lease effective as of May 31, 2026 by notifying the borrower at least 12 months prior to the termination date. According to the borrower, Nara Cuisine & Lounge is looking to assign its lease to a new tenant (restaurant operator).
(24) | With respect to Loan No. 2, 60 Hudson, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. |
With respect to Loan No. 3, Fayette Pavilion, the borrower sponsor and non-recourse guarantor is Dr. Hardam S. Azad, while Kathleen D. Miles is an additional non-recourse carveout guarantor whose liability is limited to the Miles Fayette LLC borrowing entity and affiliates.
With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, only the single purpose entity borrower, and not the non-recourse carveout guarantor, has liability under the environmental indemnity. The non-recourse carveout guaranty does not cover environmental matters.
With respect to Loan No. 7, Arundel Mills and Marketplace, for so long as any of Simon Property Group, Inc., SPG LP, or an affiliate of the foregoing is a guarantor under the non-recourse carveout guaranty, the liability of the nonrecourse carveout guarantors is capped at an amount equal to 20% of the original principal amount of the related whole loan, plus all of the reasonable out-of-pocket costs and expenses incurred by the lender in the enforcement of such guaranty or the preservation of the lender’s rights thereunder. In addition, there is no separate environmental indemnity with respect to such Mortgage Loan. The non-recourse carveout guaranty covers breaches of representations, warranties and indemnification provisions in the loan agreement concerning environmental laws and hazardous materials; however, such coverage is subject to the cap described above.
With respect to Loan No. 11, Woodfield Mall, for so long as one or more of Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”), Institutional Mall Investors LLC (“IMI”), California Public Employees’ Retirement System (“CalPERS”) or any entity of which CalPERS owns, directly or indirectly, at least fifty percent (50%) of the capital and profits (“CalPERS Investor”) (or an affiliate of SPG LP, Simon Inc., IMI, CalPERS or CalPERS Investor) is a non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability, is limited to 20% of the outstanding principal balance of the Mortgage Loan at such time, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the related lender in the enforcement of the related guaranty or the preservation of such lender’s rights under such guaranty. In addition, there is no separate environmental indemnity with respect to such Mortgage Loan. The non-recourse carveout guaranty covers breaches of representations, warranties and indemnification provisions in the loan agreement concerning environmental laws and hazardous materials; however, such coverage is subject to the cap described above.
With respect to Loan No. 12 Medlock Crossing, with respect to any losses sustained as a result of any material physical waste of the Mortgaged Property by the borrower or the guarantor or any of their agents, principals, or representatives, the mortgage loan documents provide that recourse will be limited, in each case to the extent that borrower is in receipt of sufficient gross revenues from the Mortgaged Property to prevent such loss. Additionally, the non-recourse carveout guarantor, Hamilton TFC LLC, is an entity controlled by Avram Glazer as trustee for the Avram Glazer Irrevocable Exempt Trust u/a/d August 22, 2006. The guarantor’s net worth consists of approximately 90,000 shares in Manchester United PLC, which as of the origination date was worth approximately $1,950,000.
A-32 |
With respect to Loan No. 19, Nameoki Commons, the Third Largest Tenant, Club Fitness (Pennmark), is an affiliate of the borrower sponsors.
(25) | Each letter identifies a group of related borrowers. |
(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. 15, Contour Windows Industrial, there was no lockbox account established at the time of the Mortgage Loan’s origination date; however, the related borrower is required to set up a lockbox account within ten days of the Mortgage Loan’s origination date.
(27) | With respect to Loan. No. 15, Contour Windows Industrial, the Contour Windows Industrial mortgage loan documents permit the related borrower to enter into a fee in lieu of taxes (“FILOT”) agreement with Pickens County, South Carolina (“Pickens County”), provided that such FILOT agreement is in form and substance acceptable to the lender. The borrower is in process of negotiating a FILOT agreement with Pickens County, which is expected to provide a tax assessment ratio of 6.0%. According to the appraisal, the projected FILOT annual payment would be $288,571 (which is equal to the product of (i) the as completed appraised value of the mortgaged property, (ii) 6.0% tax assessment, and (iii) a millage rate of 262.1). Historically, a property classified as manufacturing in Pickens County was subject to a tax assessment of 10.5%. In June 2022, however, the South Carolina General Assembly passed legislation reducing the fair market value of property classified as manufacturing. With such legislative reduction, property classified as manufacturing in Pickens County is now subject to a tax assessment ratio of 6.0%. Accordingly, the mortgaged property is currently subject to a tax assessment ratio of 6.0% pursuant to the statutory reduction, which is the same tax assessment ratio as anticipated under the FILOT agreement. The FILOT agreement is expected to have a term not to exceed 20 years and will begin on the last day of the calendar year that the mortgaged property is “placed into service”, but no later than two years from the effective date of the FILOT agreement. The appraised value of the mortgaged property assumes, among other things, that (i) the improvements at the mortgaged property have been completed and the mortgaged property is occupied to a point of economic stabilization and market occupancy by May 15, 2024 and (ii) the FILOT agreement will be ratified in the version assumed to be the final version in the appraisal. There can be no assurance that the FILOT agreement will not have any material changes from what has been assumed in the appraisal or that it will be ratified by Pickens County. Taxes for the mortgaged property were underwritten to the projected FILOT annual payment of $288,572 set forth in the appraisal based on the “Prospective Value Upon Completion” of $18,350,000. The actual taxes for the mortgaged property are $19,377, which is based on a fair market value of $1,232,100 as determined by the most recent tax assessment of the mortgaged property. |
(28) | With respect to Loan No. 20, Good Hotels Denver, upon the occurrence of a material tenant trigger event, the term of the master lease between the borrower as landlord and an affiliate of the guarantor as master tenant for the 10,096 square foot ground floor and basement retail space (the “Material Tenant Space”) at the mortgaged property will commence. The master lease will expire on March 6, 2031 and have an annual base rent of $350,000 plus reimbursements of 65.0% of the real estate taxes associated with, and the utilities used at or supplied to, the mortgaged property. The master lease is guaranteed by the guarantor. The master tenant may not enter into any sublease without the prior written consent of the lender, and the master lease may not be assigned, surrendered, terminated, cancelled, changed, amended, supplemented or otherwise modified without the lender’s prior written consent. Higher Power Entertainment LLC (“Higher Power”) currently leases the Material Tenant Space for a two-year term that commenced on January 8, 2023 and expires on January 8, 2025, with one, three-year renewal option remaining. Higher Power has a current annual base rent of $300,000 on a triple net basis plus reimbursements of 65.0% of the real estate taxes associated with, and the utilities used at or supplied to, the mortgaged property. In addition, Higher Power pays 7.0% of the gross sales during the lease term. |
(29) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. |
A-33 |
(30) | With respect to Loan No. 4, Tekni-Plex Industrial Portfolio, a property condition report was not obtained for the 910 Vision Drive mortgaged property because the improvements at the mortgaged property are still under construction. |
With respect to Loan No. 8, Monroe Street Retail, Sources: Other Sources ($) consists of seller credits provided in connection with the acquisition of the mortgaged property.
With respect to Loan No. 13, BJ’s Saratoga Springs, the UW Revenue is the average rent over the remaining lease term (which lease term includes annual lesser of CPI increase or 2% rent bumps).
With respect to Loan No. 14, BJ’s Mooresville, the UW Revenue is the average rent over the remaining lease term (which lease term includes annual lesser of CPI increase or 2% rent bumps).
With respect to Loan No. 21, OPI Portfolio, the 1 Primerica Parkway mortgaged property has a United Parcel Service, Inc. drop box accounting for $500 per annum in underwritten base rent.
With respect to Loan No. 28, Best Western Plus Executive Inn, the mortgaged property is affiliated with the Hotel Franchise Flag Best Western International, Inc. via a “membership agreement” instead of a franchise agreement, as is customary for Best Western hotels. The membership agreement automatically renews annually and is generally only terminable if the owner fails to pay its annual membership fee or otherwise defaults under the membership agreement.
With respect to all residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the borrower is a cooperative housing corporation. No individual or entity (other than the borrower) has recourse obligations with respect to the residential cooperative Mortgage Loans sold to the trust, including pursuant to any guaranty or environmental indemnity. Accordingly, no information is presented in the columns labeled Sponsor and Non-Recourse Carveout Guarantor or is shown same as the borrower in Annex A-1. In addition, due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A-1 with respect to other Mortgage Loans is not presented with respect to the residential cooperative Mortgage Loans sold to the trust and is, instead, reflected as not applicable (NAP). For example, since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI ($), Second Most Recent NOI ($), Third Most Recent NOI ($), and the related fields shown on Annex A-1 are not presented on Annex A-1 with respect to the residential cooperative Mortgage Loans sold to the trust. In addition, see "Certain Characteristics of Mortgage Loans Secured by Residential Cooperatives" with respect to the determination of certain fields on Annex A-1, including but not limited to the Appraised Value, Coop-Rental Value, Underwritten Net Operating Income and Underwritten Net Cash Flow.
The Coop - Rental Value of a residential cooperative property is the appraised value of such property assuming such property is operated as a multifamily rental property.
Coop - Sponsor Units refers to the number of units owned by the original sponsor responsible for the property’s conversion into cooperative ownership. A sponsor may rent its units or opt to market them for sale (either individually or as a whole). Coop - Investor Units refers to a bulk number of units owned by a non-tenant investor(s), who can rent or sell the units. Coop - Coop Units refers to the number of units owned by the borrower, which is a cooperative corporation. In this capacity, the cooperative may manage its units as an investor would or use the units for the benefit of its cooperative members. Coop – Unsold Percent refers to the ratio of the total number of units collectively owned by the original sponsor, a non-tenant investor or the cooperative corporation to the number of units with shares allocated. Coop - Sponsor/Investor Carry is the sponsor’s or the investor’s net cash flow calculated by subtracting maintenance charges on the sponsor or investor owned units from the actual rents payable on such units, to the extent available.
With respect to the residential cooperative mortgage loans, the Underwritten Economic Occupancy (%) reported reflects the property vacancy assumption in the related appraisal for purposes of determining the Appraised Value of the related Mortgaged Property as a multifamily rental property (i.e., the Coop - Rental Value).
The Whole Loan Cut-off Date Balance ($), Whole Loan Monthly Debt Service ($), Whole Loan Underwritten NCF DSCR (x), Whole Loan Underwritten NOI Debt Yield (%) and, Whole Loan Cut-off Date LTV Ratio (%) for the mortgage loans secured by residential cooperative properties that have existing subordinate secured debt are calculated assuming (i) that interest on the subordinate secured indebtedness is accruing pursuant to the applicable
A-34 |
loan document (with the applicable interest rate determined using the Prime Rate in effect as of February 28, 2024 and giving effect to any applicable interest rate floor) and (ii) that the subordinate secured indebtedness has been fully advanced and the entire amount thereof is outstanding as of the Cut-off Date.
(31) | With respect to Loan No. 5, Axis Apartments, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to the borrower sponsors converting former vacant office space into 101 residential units on floors six through 10 of the Axis Apartments mortgaged property. |
(32) | With respect to Loan No. 3, Fayette Pavilion, the borrowers own the related mortgaged property as tenants–in–common. |
With respect to Loan No. 29, Tennessee RV Park, the borrowers own the related mortgaged property as tenants–in–common.
A-35 |