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Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address |
| | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 7.3% | | CREFI | CREFI | NAP | NAP | Various |
1.01 | Property | | 1 | Prime Storage - New Windsor | 1.2% | 16.2% | | | | | 149 Windsor Highway |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | 0.8% | 11.2% | | | | | 929 Route 376 |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | 0.8% | 10.5% | | | | | 1634 Route 9 |
1.04 | Property | | 1 | Prime Storage - Hyde Park | 0.6% | 8.1% | | | | | 3914 Route 9 |
1.05 | Property | | 1 | Prime Storage - Newburgh | 0.6% | 7.7% | | | | | 24 Liner Road |
1.06 | Property | | 1 | Prime Storage - Highland | 0.5% | 7.0% | | | | | 50 North Roberts Road |
1.07 | Property | | 1 | Prime Storage - Beacon | 0.5% | 6.6% | | | | | 629 Route 52 |
1.08 | Property | | 1 | Prime Storage - Chester | 0.5% | 6.5% | | | | | 1108 Kings Highway |
1.09 | Property | | 1 | Prime Storage - Fishkill | 0.4% | 5.7% | | | | | 1078 Route 9 |
1.10 | Property | | 1 | Prime Storage - Warwick | 0.4% | 5.3% | | | | | 210 Kings Highway |
1.11 | Property | | 1 | Prime Storage - Walden | 0.3% | 4.7% | | | | | 151 Orange Avenue |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | 0.3% | 4.7% | | | | | 3 Neptune Road |
1.13 | Property | | 1 | Prime Storage - Saugerties | 0.3% | 3.5% | | | | | 2902 Route 9W |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | 0.2% | 2.5% | | | | | 5 Mill Lane |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 7.2% | | CREFI | CREFI | NAP | NAP | Various |
2.01 | Property | | 1 | Warwick Melrose | 5.0% | 69.2% | | | | | 3015 Oak Lawn Avenue |
2.02 | Property | | 1 | Warwick Allerton | 2.2% | 30.8% | | | | | 701 North Michigan Avenue |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 6.6% | 100.0% | GACC | GACC | NAP | NAP | 14819 Ballantyne Village Way |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 6.0% | 100.0% | GSBI, WFB, SGFC | GSMC | Group 1, Group 2 | NAP | 7875 Montgomery Road |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 6.0% | | GSBI | GSMC | NAP | NAP | Various |
5.01 | Property | | 1 | Imperial Center | 2.0% | 33.3% | | | | | 4813, 4815 and 4721 Emperor Boulevard and 1005, 1007 and 1009 Slater Road |
5.02 | Property | | 1 | Parkway Avalon | 1.6% | 26.9% | | | | | 11720 and 11800 Amber Park Drive |
5.03 | Property | | 1 | Apex 190 | 1.3% | 22.2% | | | | | 3033 West President George Bush Highway |
5.04 | Property | | 1 | Fairview | 1.0% | 17.6% | | | | | 3120 Fairview Park Drive |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 4.9% | 100.0% | CREFI, JPMCB, AREF2 | CREFI | NAP | NAP | 10 South Street |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 4.6% | 100.0% | DBRI | GACC | Group 1 | NAP | 5035-5045 West Slauson Avenue and 5100-5150 West Goldleaf Circle |
8 | Loan | 9, 48 | 1 | Lexmark | 4.6% | 100.0% | CREFI, UBS AG | CREFI | NAP | NAP | 740 West New Circle Road |
9 | Loan | 49, 50 | 1 | The Duncan | 4.0% | 100.0% | CREFI | CREFI | NAP | NAP | 1515 West Monroe Street |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 3.9% | 100.0% | DBNY, GSBI, JPMCB, BMO | GACC, GSMC | NAP | NAP | 1961 Chain Bridge Road |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 3.9% | 100.0% | DBRI | GACC | NAP | NAP | 89 Centennial Olympic Park Drive Northwest |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 3.7% | 100.0% | DBNY, BCREI, WFB | GACC, Barclays | Group 2 | NAP | 2655 Richmond Avenue |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 3.2% | 100.0% | BSPRT | GACC | NAP | NAP | 2300 Windy Ridge Parkway |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 3.0% | 100.0% | CREFI | CREFI | NAP | NAP | 2800 South Shirlington Road |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 2.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1820-1875 East 27th Street |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 2.4% | 100.0% | WFB, CREFI | CREFI | NAP | NAP | 6176 Retail Road |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 2.3% | | DBRI | GACC | NAP | NAP | Various |
17.01 | Property | | 1 | Gamecock Village | 1.4% | 58.9% | | | | | 351 Nisbet Street Northwest |
17.02 | Property | | 1 | Mustang Village | 0.9% | 41.1% | | | | | 5005 Lake Park Drive |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 2.2% | 100.0% | BMO | BMO | NAP | NAP | 300 Tice Boulevard |
19 | Loan | | 1 | Detroit Foundation Hotel | 2.1% | 100.0% | GSBI | GSMC | NAP | NAP | 250 West Larned Street |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 2.0% | | CREFI, BMO | CREFI | NAP | NAP | Various |
20.01 | Property | | 1 | 369 Lexington Avenue | 1.1% | 54.5% | | | | | 369 Lexington Avenue |
20.02 | Property | | 1 | 2 West 46th Street | 0.9% | 45.5% | | | | | 2 West 46th Street |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 1.8% | 100.0% | DBRI | GACC | NAP | NAP | 228 Duffield Street |
22 | Loan | 100 | 1 | Texican Court | 1.8% | 100.0% | GSBI | GSMC | NAP | NAP | 501 Las Colinas Boulevard |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 1.6% | | BMO | BMO | NAP | NAP | Various |
23.01 | Property | | 1 | Williamsburg Apartments | 0.8% | 53.3% | | | | | 7301 Northwest 23rd Street |
23.02 | Property | | 1 | Western Oaks Apartments | 0.7% | 46.7% | | | | | 7408 Northwest 23rd Street |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 1.5% | 100.0% | DBRI | GACC | NAP | NAP | 525 East Colorado Boulevard and 473 East Union Street |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 1.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1320 City Center Drive |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 1.4% | 100.0% | GACC | GACC | NAP | NAP | 109 West International Airport Road |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 1.3% | | DBRI | GACC | NAP | NAP | Various |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | 0.4% | 29.0% | | | | | 738-742 Nostrand Avenue |
27.02 | Property | | 1 | 820 Nostrand Avenue | 0.4% | 27.8% | | | | | 820 Nostrand Avenue |
27.03 | Property | | 1 | 850 Nostrand Avenue | 0.3% | 19.4% | | | | | 850 Nostrand Avenue |
27.04 | Property | | 1 | 758 Nostrand Avenue | 0.2% | 12.5% | | | | | 758 Nostrand Avenue |
27.05 | Property | | 1 | 804 Nostrand Avenue | 0.1% | 6.9% | | | | | 804 Nostrand Avenue |
27.06 | Property | | 1 | 752 Nostrand Avenue | 0.1% | 4.4% | | | | | 752 Nostrand Avenue |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 1.3% | 100.0% | CREFI | CREFI | NAP | NAP | 8555 Tonnelle Avenue |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 0.9% | 100.0% | BMO, AREF2 | BMO | NAP | NAP | 921 Denton Boulevard Northwest |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 0.9% | 100.0% | DBRI | GACC | NAP | NAP | 21435 County Road 98 |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 0.8% | 100.0% | GACC | GACC | NAP | NAP | 230-238 and 336-340 East Betteravia Road |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 0.7% | 100.0% | BCREI, AREF2 | Barclays | NAP | NAP | 200 Southwest 1st Avenue |
33 | Loan | 131, 132 | 1 | The Valencia | 0.6% | 100.0% | BCREI | Barclays | NAP | NAP | 22950 U.S. Highway 19 North |
34 | Loan | | 1 | Little Traverse Village | 0.5% | 100.0% | BMO | BMO | Group 3 | NAP | 301 Lafayette Avenue |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 0.5% | 100.0% | Greystone Select Company II LLC | BMO | NAP | NAP | 6075 Poplar Avenue |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 0.4% | 100.0% | CREFI | CREFI | NAP | NAP | 545 Goucher Street |
37 | Loan | | 1 | Anchor Bay Townhomes | 0.3% | 100.0% | BMO | BMO | Group 3 | NAP | 3926 Hermansau Road |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | City | County | State | Zip Code | General Property Type | Detailed Property Type | Year Built |
| | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | Various | Various | New York | Various | Self Storage | Self Storage | Various |
1.01 | Property | | 1 | Prime Storage - New Windsor | New Windsor | Orange | New York | 12553 | Self Storage | Self Storage | 2009-2024 |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | Wappingers Falls | Dutchess | New York | 12590 | Self Storage | Self Storage | 2002-2016 |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | Wappingers Falls | Dutchess | New York | 12590 | Self Storage | Self Storage | 1984 |
1.04 | Property | | 1 | Prime Storage - Hyde Park | Hyde Park | Dutchess | New York | 12538 | Self Storage | Self Storage | 1995-1999 |
1.05 | Property | | 1 | Prime Storage - Newburgh | Newburgh | Orange | New York | 12550 | Self Storage | Self Storage | 1999 |
1.06 | Property | | 1 | Prime Storage - Highland | Highland | Ulster | New York | 12528 | Self Storage | Self Storage | 1985-2021 |
1.07 | Property | | 1 | Prime Storage - Beacon | Beacon | Dutchess | New York | 12508 | Self Storage | Self Storage | 1956, 2023 |
1.08 | Property | | 1 | Prime Storage - Chester | Chester | Orange | New York | 10918 | Self Storage | Self Storage | 2002-2018 |
1.09 | Property | | 1 | Prime Storage - Fishkill | Fishkill | Dutchess | New York | 12524 | Self Storage | Self Storage | 1940, 1983 |
1.10 | Property | | 1 | Prime Storage - Warwick | Warwick | Orange | New York | 10990 | Self Storage | Self Storage | 1987-1997 |
1.11 | Property | | 1 | Prime Storage - Walden | Walden | Orange | New York | 12586 | Self Storage | Self Storage | 1995-1999 |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | Poughkeepsie | Dutchess | New York | 12601 | Self Storage | Self Storage | 1986 |
1.13 | Property | | 1 | Prime Storage - Saugerties | Saugerties | Ulster | New York | 12477 | Self Storage | Self Storage | 2007-2021 |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | Pleasant Valley | Dutchess | New York | 12569 | Self Storage | Self Storage | 1976-1994 |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | Various | Various | Various | Various | Hospitality | Full Service | 1924 |
2.01 | Property | | 1 | Warwick Melrose | Dallas | Dallas | Texas | 75219 | Hospitality | Full Service | 1924 |
2.02 | Property | | 1 | Warwick Allerton | Chicago | Cook | Illinois | 60611 | Hospitality | Full Service | 1924 |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | Charlotte | Mecklenburg | North Carolina | 28277 | Mixed Use | Hospitality/Office | 2021 |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | Cincinnati | Hamilton | Ohio | 45236 | Retail | Super Regional Mall | 1958 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | Various | Various | Various | Various | Office | Suburban | Various |
5.01 | Property | | 1 | Imperial Center | Durham | Durham | North Carolina | 27703 | Office | Suburban | 1984-2007 |
5.02 | Property | | 1 | Parkway Avalon | Alpharetta | Fulton | Georgia | 30004 | Office | Suburban | 2000, 2001 |
5.03 | Property | | 1 | Apex 190 | Plano | Collin | Texas | 75075 | Office | Suburban | 2007 |
5.04 | Property | | 1 | Fairview | Falls Church | Fairfax | Virginia | 22042 | Office | Suburban | 2008 |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | New York | New York | New York | 10004 | Mixed Use | Hospitality/Event Space | 1909 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | Los Angeles | Los Angeles | California | 90056 | Office | Suburban | 1987-2005 |
8 | Loan | 9, 48 | 1 | Lexmark | Lexington | Fayette | Kentucky | 40511 | Industrial | Flex | 1957-1958, 1966, 1972-1973, 1981, 1985, 2001 |
9 | Loan | 49, 50 | 1 | The Duncan | Chicago | Cook | Illinois | 60607 | Multifamily | Mid Rise | 1912 |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | McLean | Fairfax | Virginia | 22102 | Retail | Super Regional Mall | 1968 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | Atlanta | Fulton | Georgia | 30313 | Hospitality | Select Service | 2020 |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | Staten Island | Richmond | New York | 10314 | Retail | Super Regional Mall | 1972 |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | Atlanta | Cobb | Georgia | 30339 | Office | Suburban | 1987 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | Arlington | Arlington | Virginia | 22206 | Office | Medical | 1986 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | Vernon | Los Angeles | California | 90058 | Industrial | Warehouse/Distribution | 1965 |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | Dallas | Dallas | Texas | 75231 | Retail | Anchored | 2011 |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | Various | Various | Various | Various | Multifamily | Student Housing | Various |
17.01 | Property | | 1 | Gamecock Village | Jacksonville | Calhoun | Alabama | 36265 | Multifamily | Student Housing | 2007 |
17.02 | Property | | 1 | Mustang Village | Wichita Falls | Wichita | Texas | 76302 | Multifamily | Student Housing | 2008 |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | Woodcliff Lake | Bergen | New Jersey | 07677 | Office | Suburban | 1991 |
19 | Loan | | 1 | Detroit Foundation Hotel | Detroit | Wayne | Michigan | 48226 | Hospitality | Full Service | 1929 |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | New York | New York | New York | Various | Office | CBD | Various |
20.01 | Property | | 1 | 369 Lexington Avenue | New York | New York | New York | 10016 | Office | CBD | 1937 |
20.02 | Property | | 1 | 2 West 46th Street | New York | New York | New York | 10036 | Office | CBD | 1926 |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | Brooklyn | Kings | New York | 11201 | Hospitality | Full Service | 2010 |
22 | Loan | 100 | 1 | Texican Court | Irving | Dallas | Texas | 75039 | Hospitality | Full Service | 2018 |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | Bethany | Oklahoma | Oklahoma | 73008 | Multifamily | Garden | Various |
23.01 | Property | | 1 | Williamsburg Apartments | Bethany | Oklahoma | Oklahoma | 73008 | Multifamily | Garden | 1969 |
23.02 | Property | | 1 | Western Oaks Apartments | Bethany | Oklahoma | Oklahoma | 73008 | Multifamily | Garden | 1967 |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | Pasadena | Los Angeles | California | 91101 | Mixed Use | Retail/Office | 1925, 1999 |
25 | Loan | 107, 108 | 1 | City Center @ Penn | Carmel | Hamilton | Indiana | 46032 | Office | Suburban | 2007 |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | Anchorage | Anchorage | Alaska | 99518 | Hospitality | Full Service | 2009 |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | Brooklyn | Kings | New York | Various | Mixed Use | Various | Various |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | Brooklyn | Kings | New York | 11216 | Mixed Use | Retail/Multifamily | 1910 |
27.02 | Property | | 1 | 820 Nostrand Avenue | Brooklyn | Kings | New York | 11216 | Mixed Use | Retail/Multifamily | 1920 |
27.03 | Property | | 1 | 850 Nostrand Avenue | Brooklyn | Kings | New York | 11225 | Mixed Use | Retail/Office | 1925 |
27.04 | Property | | 1 | 758 Nostrand Avenue | Brooklyn | Kings | New York | 11216 | Mixed Use | Retail/Multifamily | 1931 |
27.05 | Property | | 1 | 804 Nostrand Avenue | Brooklyn | Kings | New York | 11216 | Mixed Use | Retail/Multifamily | 1910 |
27.06 | Property | | 1 | 752 Nostrand Avenue | Brooklyn | Kings | New York | 11216 | Mixed Use | Retail/Multifamily | 1910 |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | North Bergen | Hudson | New Jersey | 07047 | Industrial | Warehouse | 1940 |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | Fort Walton Beach | Okaloosa | Florida | 32547 | Multifamily | Garden | 1989 |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | Woodland | Yolo | California | 95695 | Industrial | R&D | 1984 |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | Santa Maria | Santa Barbara | California | 93454 | Retail | Shadow Anchored | 1982 |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | Fort Lauderdale | Broward | Florida | 33301 | Office | CBD | 2007 |
33 | Loan | 131, 132 | 1 | The Valencia | Clearwater | Pinellas | Florida | 33765 | Multifamily | Other | 1973 |
34 | Loan | | 1 | Little Traverse Village | Petoskey | Emmet | Michigan | 49770 | Multifamily | Garden | 1980 |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | Memphis | Shelby | Tennessee | 38119 | Office | Suburban | 1986 |
36 | Loan | 139 | 1 | Carriage Hills Apartments | Johnstown | Cambria | Pennsylvania | 15905 | Multifamily | Garden | 1972 |
37 | Loan | | 1 | Anchor Bay Townhomes | Saginaw | Saginaw | Michigan | 48603 | Multifamily | Townhomes | 1997 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 % |
| | | | | | | | | | | | | 1 | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | Various | 826,261 | SF | 166.41 | 80,000,000 | 80,000,000 | 80,000,000 | 6.23000% | 0.01309% | 6.21691% |
1.01 | Property | | 1 | Prime Storage - New Windsor | NAP | 113,545 | SF | | 12,951,430 | 12,951,430 | 12,951,430 | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | NAP | 82,800 | SF | | 8,937,588 | 8,937,588 | 8,937,588 | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | NAP | 82,512 | SF | | 8,406,906 | 8,406,906 | 8,406,906 | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | NAP | 59,714 | SF | | 6,518,487 | 6,518,487 | 6,518,487 | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | NAP | 63,320 | SF | | 6,133,487 | 6,133,487 | 6,133,487 | | | |
1.06 | Property | | 1 | Prime Storage - Highland | NAP | 58,114 | SF | | 5,587,084 | 5,587,084 | 5,587,084 | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | 2017 | 71,853 | SF | | 5,244,957 | 5,244,957 | 5,244,957 | | | |
1.08 | Property | | 1 | Prime Storage - Chester | NAP | 50,675 | SF | | 5,175,063 | 5,175,063 | 5,175,063 | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | 2020 | 40,625 | SF | | 4,570,380 | 4,570,380 | 4,570,380 | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | NAP | 42,855 | SF | | 4,210,240 | 4,210,240 | 4,210,240 | | | |
1.11 | Property | | 1 | Prime Storage - Walden | NAP | 43,375 | SF | | 3,757,597 | 3,757,597 | 3,757,597 | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | NAP | 54,740 | SF | | 3,748,585 | 3,748,585 | 3,748,585 | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | NAP | 37,055 | SF | | 2,765,935 | 2,765,935 | 2,765,935 | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | NAP | 25,078 | SF | | 1,992,262 | 1,992,262 | 1,992,262 | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | Various | 623 | Rooms | 125,200.64 | 78,000,000 | 78,000,000 | 78,000,000 | 8.14000% | 0.01309% | 8.12691% |
2.01 | Property | | 1 | Warwick Melrose | 2019-2021 | 184 | Rooms | | 54,000,000 | 54,000,000 | 54,000,000 | | | |
2.02 | Property | | 1 | Warwick Allerton | 2022 | 439 | Rooms | | 24,000,000 | 24,000,000 | 24,000,000 | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | NAP | 276,811 | SF | 258.30 | 71,500,000 | 71,500,000 | 71,500,000 | 7.37000% | 0.01309% | 7.35691% |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 1988, 2003, 2009, 2019-2023 | 1,033,141 | SF | 251.66 | 65,000,000 | 65,000,000 | 65,000,000 | 6.27100% | 0.01434% | 6.25666% |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | NAP | 987,072 | SF | 109.41 | 65,000,000 | 65,000,000 | 65,000,000 | 7.36400% | 0.01309% | 7.35091% |
5.01 | Property | | 1 | Imperial Center | NAP | 408,938 | SF | | 21,666,667 | 21,666,667 | 21,666,667 | | | |
5.02 | Property | | 1 | Parkway Avalon | NAP | 196,659 | SF | | 17,453,704 | 17,453,704 | 17,453,704 | | | |
5.03 | Property | | 1 | Apex 190 | NAP | 186,215 | SF | | 14,444,444 | 14,444,444 | 14,444,444 | | | |
5.04 | Property | | 1 | Fairview | NAP | 195,260 | SF | | 11,435,185 | 11,435,185 | 11,435,185 | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 2021 | 146,486 | SF | 703.14 | 53,000,000 | 53,000,000 | 50,362,083 | 7.27000% | 0.01309% | 7.25691% |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | NAP | 576,938 | SF | 112.66 | 50,000,000 | 50,000,000 | 50,000,000 | 7.38400% | 0.01309% | 7.37091% |
8 | Loan | 9, 48 | 1 | Lexmark | 2002 | 1,449,072 | SF | 56.93 | 50,000,000 | 50,000,000 | 50,000,000 | 7.44000% | 0.01309% | 7.42691% |
9 | Loan | 49, 50 | 1 | The Duncan | 2020 | 260 | Units | 169,230.77 | 44,000,000 | 44,000,000 | 44,000,000 | 6.67000% | 0.02184% | 6.64816% |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 1989, 2005 | 1,793,638 | SF | 395.84 | 42,920,000 | 42,920,000 | 42,920,000 | 6.60060% | 0.01445% | 6.58615% |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | 195 | Rooms | 215,384.62 | 42,000,000 | 42,000,000 | 42,000,000 | 7.97000% | 0.01309% | 7.95691% |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 1993, 2018 | 995,900 | SF | 200.82 | 40,000,000 | 40,000,000 | 40,000,000 | 7.53400% | 0.01309% | 7.52091% |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | NAP | 668,082 | SF | 97.29 | 35,000,000 | 35,000,000 | 35,000,000 | 7.98000% | 0.01309% | 7.96691% |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 2019 | 208,330 | SF | 156.17 | 32,535,000 | 32,535,000 | 32,535,000 | 7.24000% | 0.01309% | 7.22691% |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 1995 | 119,000 | SF | 231.09 | 27,500,000 | 27,500,000 | 27,500,000 | 7.40000% | 0.01309% | 7.38691% |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | NAP | 474,026 | SF | 121.30 | 25,875,000 | 25,875,000 | 25,875,000 | 6.17500% | 0.01434% | 6.16066% |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | Various | 1,008 | Beds | 24,950.40 | 25,150,000 | 25,150,000 | 25,150,000 | 7.05500% | 0.01309% | 7.04191% |
17.01 | Property | | 1 | Gamecock Village | 2014 | 504 | Beds | | 14,820,000 | 14,820,000 | 14,820,000 | | | |
17.02 | Property | | 1 | Mustang Village | NAP | 504 | Beds | | 10,330,000 | 10,330,000 | 10,330,000 | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 2017 | 229,045 | SF | 104.78 | 24,000,000 | 24,000,000 | 23,086,590 | 8.44000% | 0.01309% | 8.42691% |
19 | Loan | | 1 | Detroit Foundation Hotel | 2017 | 100 | Rooms | 230,000.00 | 23,000,000 | 23,000,000 | 23,000,000 | 8.08200% | 0.01309% | 8.06891% |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | Various | 302,093 | SF | 335.82 | 21,725,000 | 21,725,000 | 21,725,000 | 7.96000% | 0.01309% | 7.94691% |
20.01 | Property | | 1 | 369 Lexington Avenue | 2018 | 157,122 | SF | | 11,831,506 | 11,831,506 | 11,831,506 | | | |
20.02 | Property | | 1 | 2 West 46th Street | 2011 | 144,971 | SF | | 9,893,494 | 9,893,494 | 9,893,494 | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 2019 | 321 | Rooms | 264,797.51 | 20,000,000 | 20,000,000 | 20,000,000 | 7.48000% | 0.01309% | 7.46691% |
22 | Loan | 100 | 1 | Texican Court | NAP | 152 | Rooms | 128,289.47 | 19,500,000 | 19,500,000 | 19,500,000 | 7.74000% | 0.01309% | 7.72691% |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 2023 | 349 | Units | 49,785.10 | 17,375,000 | 17,375,000 | 17,375,000 | 7.33000% | 0.01309% | 7.31691% |
23.01 | Property | | 1 | Williamsburg Apartments | 2023 | 177 | Units | | 9,260,000 | 9,260,000 | 9,260,000 | | | |
23.02 | Property | | 1 | Western Oaks Apartments | 2023 | 172 | Units | | 8,115,000 | 8,115,000 | 8,115,000 | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 2010 | 64,044 | SF | 259.20 | 16,600,000 | 16,600,000 | 16,600,000 | 7.39000% | 0.01309% | 7.37691% |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 2020 | 141,720 | SF | 112.90 | 16,000,000 | 16,000,000 | 16,000,000 | 7.34000% | 0.01309% | 7.32691% |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | 165 | Rooms | 92,424.24 | 15,250,000 | 15,250,000 | 15,250,000 | 8.91400% | 0.01309% | 8.90091% |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 2017, 2020-2023 | 36,284 | SF | 399.63 | 14,500,000 | 14,500,000 | 14,500,000 | 6.65400% | 0.01309% | 6.64091% |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | 2017, 2020-2023 | 9,628 | SF | | 4,205,065 | 4,205,065 | 4,205,065 | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | 2017, 2020-2023 | 9,175 | SF | | 4,036,082 | 4,036,082 | 4,036,082 | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | 2017, 2020-2023 | 6,300 | SF | | 2,807,710 | 2,807,710 | 2,807,710 | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | 2017, 2020-2023 | 5,796 | SF | | 1,813,312 | 1,813,312 | 1,813,312 | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | 2017, 2020-2023 | 2,845 | SF | | 1,000,896 | 1,000,896 | 1,000,896 | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | 2017, 2020-2023 | 2,540 | SF | | 636,934 | 636,934 | 636,934 | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 2023 | 95,616 | SF | 145.37 | 13,900,000 | 13,900,000 | 13,900,000 | 6.95000% | 0.01309% | 6.93691% |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 2019 | 301 | Units | 159,468.44 | 10,000,000 | 10,000,000 | 10,000,000 | 5.75300% | 0.01309% | 5.73991% |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 2014, 2021 | 115,664 | SF | 255.79 | 10,000,000 | 10,000,000 | 10,000,000 | 6.67100% | 0.01309% | 6.65791% |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 1999, 2010 | 65,911 | SF | 133.51 | 8,800,000 | 8,800,000 | 8,800,000 | 6.70000% | 0.01309% | 6.68691% |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | NAP | 205,956 | SF | 267.05 | 7,100,000 | 7,100,000 | 7,100,000 | 8.25000% | 0.01309% | 8.23691% |
33 | Loan | 131, 132 | 1 | The Valencia | 2023 | 118 | Units | 58,474.58 | 6,900,000 | 6,900,000 | 6,900,000 | 8.14800% | 0.06184% | 8.08616% |
34 | Loan | | 1 | Little Traverse Village | NAP | 72 | Units | 74,305.56 | 5,350,000 | 5,350,000 | 5,350,000 | 7.37500% | 0.01309% | 7.36191% |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 2001, 2020 | 356,188 | SF | 145.99 | 5,000,000 | 5,000,000 | 5,000,000 | 7.51300% | 0.03184% | 7.48116% |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | 96 | Units | 44,791.67 | 4,300,000 | 4,300,000 | 4,300,000 | 6.91000% | 0.01309% | 6.89691% |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | 80 | Units | 41,000.00 | 3,280,000 | 3,280,000 | 3,280,000 | 7.34500% | 0.01309% | 7.33191% |
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.) |
| | | | | 2 | | 2 | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | NAP | 421,101.85 | NAP | 5,053,222.20 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | NAP | 536,448.61 | NAP | 6,437,383.32 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | NAP | 445,228.18 | NAP | 5,342,738.16 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | NAP | 344,396.93 | NAP | 4,132,763.16 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | NAP | 404,423.38 | NAP | 4,853,080.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
5.01 | Property | | 1 | Imperial Center | | | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 362,272.68 | NAP | 4,347,272.16 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | NAP | 311,939.81 | NAP | 3,743,277.72 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
8 | Loan | 9, 48 | 1 | Lexmark | NAP | 314,305.56 | NAP | 3,771,666.72 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | 247,963.43 | NAP | 2,975,561.16 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | NAP | 239,360.37 | NAP | 2,872,324.44 | Interest Only | No | Actual/360 | 60 | 57 | 60 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | 282,824.31 | NAP | 3,393,891.72 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | NAP | 254,621.30 | NAP | 3,055,455.60 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | NAP | 235,982.64 | NAP | 2,831,791.68 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | NAP | 199,020.81 | NAP | 2,388,249.72 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | NAP | 171,938.66 | NAP | 2,063,263.92 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | NAP | 134,997.72 | NAP | 1,619,972.64 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | NAP | 149,914.67 | NAP | 1,798,976.04 | Interest Only | No | Actual/360 | 60 | 58 | 60 |
17.01 | Property | | 1 | Gamecock Village | | | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 183,519.67 | NAP | 2,202,236.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 |
19 | Loan | | 1 | Detroit Foundation Hotel | NAP | 157,056.46 | NAP | 1,884,677.52 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | NAP | 146,110.68 | NAP | 1,753,328.16 | Interest Only | No | Actual/360 | 60 | 55 | 60 |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | NAP | 126,398.15 | NAP | 1,516,777.80 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
22 | Loan | 100 | 1 | Texican Court | NAP | 127,521.88 | NAP | 1,530,262.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | NAP | 107,606.35 | NAP | 1,291,276.20 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | NAP | 103,648.17 | NAP | 1,243,778.04 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
25 | Loan | 107, 108 | 1 | City Center @ Penn | NAP | 99,225.93 | NAP | 1,190,711.16 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | 114,855.45 | NAP | 1,378,265.40 | Interest Only | No | Actual/360 | 60 | 58 | 60 |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | NAP | 81,519.20 | NAP | 978,230.40 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | NAP | 81,622.28 | NAP | 979,467.36 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | NAP | 48,607.52 | NAP | 583,290.24 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAP | 56,363.77 | NAP | 676,365.24 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | NAP | 49,815.74 | NAP | 597,788.88 | Interest Only | No | Actual/360 | 60 | 59 | 60 |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | NAP | 49,490.45 | NAP | 593,885.40 | Interest Only | No | Actual/360 | 60 | 57 | 60 |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | 47,501.71 | NAP | 570,020.52 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
34 | Loan | | 1 | Little Traverse Village | NAP | 33,336.88 | NAP | 400,042.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | NAP | 31,738.95 | NAP | 380,867.40 | Interest Only | No | Actual/360 | 60 | 55 | 60 |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | 25,104.73 | NAP | 301,256.76 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | 20,355.17 | NAP | 244,262.04 | Interest Only | No | Actual/360 | 60 | 60 | 60 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date | Final Maturity Date |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 60 | 0 | 0 | 2/27/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 60 | 0 | 0 | 2/22/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 60 | 0 | 0 | 3/1/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 60 | 0 | 0 | 2/9/2024 | 0 | 1 | 4/1/2024 | NAP | 3/1/2029 | NAP |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 60 | 0 | 0 | 3/1/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
5.01 | Property | | 1 | Imperial Center | | | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 60 | 360 | 360 | 2/23/2024 | 0 | 6 | 4/6/2024 | 4/6/2024 | 3/6/2029 | NAP |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 60 | 0 | 0 | 2/29/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
8 | Loan | 9, 48 | 1 | Lexmark | 60 | 0 | 0 | 2/13/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | 60 | 0 | 0 | 3/1/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 57 | 0 | 0 | 12/4/2023 | 3 | 6 | 1/6/2024 | NAP | 12/6/2028 | NAP |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 59 | 0 | 0 | 2/5/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2029 | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 59 | 0 | 0 | 1/18/2024 | 1 | 1 | 3/1/2024 | NAP | 2/1/2029 | NAP |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 60 | 0 | 0 | 2/26/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 60 | 0 | 0 | 2/23/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 60 | 0 | 0 | 2/29/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 59 | 0 | 0 | 1/19/2024 | 1 | 11 | 3/11/2024 | NAP | 2/11/2029 | NAP |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 58 | 0 | 0 | 1/5/2024 | 2 | 6 | 2/6/2024 | NAP | 1/6/2029 | NAP |
17.01 | Property | | 1 | Gamecock Village | | | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 60 | 360 | 360 | 2/28/2024 | 0 | 6 | 4/6/2024 | 4/6/2024 | 3/6/2029 | NAP |
19 | Loan | | 1 | Detroit Foundation Hotel | 59 | 0 | 0 | 1/24/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2029 | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 55 | 0 | 0 | 9/28/2023 | 5 | 1 | 11/1/2023 | NAP | 10/1/2028 | NAP |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 59 | 0 | 0 | 1/31/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2029 | NAP |
22 | Loan | 100 | 1 | Texican Court | 60 | 0 | 0 | 2/27/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 59 | 0 | 0 | 2/5/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2029 | NAP |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 60 | 0 | 0 | 2/9/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 60 | 0 | 0 | 2/29/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 58 | 0 | 0 | 1/5/2024 | 2 | 6 | 2/6/2024 | NAP | 1/6/2029 | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 60 | 0 | 0 | 2/29/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 60 | 0 | 0 | 2/21/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 59 | 0 | 0 | 1/31/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2029 | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 60 | 0 | 0 | 3/1/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 59 | 0 | 0 | 2/1/2024 | 1 | 6 | 3/6/2024 | NAP | 2/6/2029 | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 57 | 0 | 0 | 12/1/2023 | 3 | 6 | 1/6/2024 | NAP | 12/6/2028 | NAP |
33 | Loan | 131, 132 | 1 | The Valencia | 60 | 0 | 0 | 2/21/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
34 | Loan | | 1 | Little Traverse Village | 60 | 0 | 0 | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 55 | 0 | 0 | 9/22/2023 | 5 | 6 | 11/6/2023 | NAP | 10/6/2028 | NAP |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 60 | 0 | 0 | 2/21/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | 60 | 0 | 0 | 3/6/2024 | 0 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) |
| | | | | | | 3 | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 0 | 0 | L(24),D(30),O(6) | 16,050,481 | 4,303,606 | 11,746,875 | 12/31/2023 | T-12 | 15,454,279 |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | 2,412,582 | 515,056 | 1,897,526 | 12/31/2023 | T-12 | 2,300,684 |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | 1,687,002 | 344,334 | 1,342,668 | 12/31/2023 | T-12 | 1,673,609 |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | 1,681,829 | 391,116 | 1,290,713 | 12/31/2023 | T-12 | 1,684,058 |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | 1,230,232 | 288,505 | 941,727 | 12/31/2023 | T-12 | 1,216,566 |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | 1,173,043 | 273,466 | 899,577 | 12/31/2023 | T-12 | 1,132,174 |
1.06 | Property | | 1 | Prime Storage - Highland | | | | 1,099,725 | 296,552 | 803,173 | 12/31/2023 | T-12 | 1,036,753 |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | 913,825 | 384,343 | 529,482 | 12/31/2023 | T-12 | 707,068 |
1.08 | Property | | 1 | Prime Storage - Chester | | | | 983,373 | 201,497 | 781,876 | 12/31/2023 | T-12 | 972,762 |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | 906,868 | 230,021 | 676,847 | 12/31/2023 | T-12 | 956,255 |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | 793,754 | 168,702 | 625,052 | 12/31/2023 | T-12 | 771,753 |
1.11 | Property | | 1 | Prime Storage - Walden | | | | 716,715 | 163,848 | 552,867 | 12/31/2023 | T-12 | 716,524 |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | 1,264,377 | 642,259 | 622,118 | 12/31/2023 | T-12 | 1,182,451 |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | 642,256 | 215,250 | 427,006 | 12/31/2023 | T-12 | 599,631 |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | 544,900 | 188,656 | 356,244 | 12/31/2023 | T-12 | 503,991 |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 0 | 0 | L(24),D(29),O(7) | 36,557,157 | 24,842,487 | 11,714,670 | 12/31/2023 | T-12 | 35,369,717 |
2.01 | Property | | 1 | Warwick Melrose | | | | 18,908,762 | 11,239,138 | 7,669,624 | 12/31/2023 | T-12 | 17,590,583 |
2.02 | Property | | 1 | Warwick Allerton | | | | 17,648,395 | 13,603,349 | 4,045,046 | 12/31/2023 | T-12 | 17,779,134 |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 0 | 0 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 0 | 0 | L(24),D(29),O(7) | 51,156,712 | 13,470,861 | 37,685,851 | 12/31/2023 | T-12 | 50,448,758 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 0 | 0 | L(24),D(29),O(7) | 24,301,270 | 9,653,701 | 14,647,569 | 12/31/2023 | T-12 | 24,435,274 |
5.01 | Property | | 1 | Imperial Center | | | | 8,636,587 | 3,308,099 | 5,328,488 | 12/31/2023 | T-12 | 9,552,342 |
5.02 | Property | | 1 | Parkway Avalon | | | | 4,977,017 | 2,012,737 | 2,964,280 | 12/31/2023 | T-12 | 4,862,899 |
5.03 | Property | | 1 | Apex 190 | | | | 5,935,766 | 2,274,726 | 3,661,040 | 12/31/2023 | T-12 | 5,411,865 |
5.04 | Property | | 1 | Fairview | | | | 4,751,900 | 2,058,139 | 2,693,761 | 12/31/2023 | T-12 | 4,608,168 |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 0 | 0 | L(24),D(29),O(7) | 76,670,902 | 53,018,686 | 23,652,216 | 12/31/2023 | T-12 | 62,610,528 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 0 | 0 | L(24),D(30),O(6) | 21,135,183 | 9,034,983 | 12,100,200 | 12/31/2023 | T-12 | 19,090,068 |
8 | Loan | 9, 48 | 1 | Lexmark | 0 | 0 | YM1(53),O(7) | NAV | NAV | NAV | NAV | NAV | NAV |
9 | Loan | 49, 50 | 1 | The Duncan | 0 | 0 | L(24),D(29),O(7) | 5,430,296 | 2,455,393 | 2,974,903 | 12/31/2023 | T-12 | 4,677,330 |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 5 | 0 | L(27),DorYM1(26),O(7) | 129,617,825 | 44,086,503 | 85,531,322 | 9/30/2023 | T-12 | 127,448,218 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 0 | 0 | L(25),D(30),O(5) | 16,370,738 | 9,824,682 | 6,546,056 | 12/31/2023 | T-12 | 13,254,151 |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 0 | 0 | L(25),D(28),O(7) | 62,702,116 | 26,119,900 | 36,582,216 | 10/31/2023 | T-12 | 64,758,020 |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 0 | 0 | L(24),D(32),O(4) | 13,009,482 | 5,614,290 | 7,395,191 | 12/31/2023 | T-12 | 11,834,267 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 0 | 0 | L(24),D(29),O(7) | 6,650,782 | 2,792,365 | 3,858,417 | 12/31/2023 | T-12 | 6,252,676 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 0 | 0 | L(24),D(29),O(7) | 2,408,393 | 300,953 | 2,107,440 | 12/31/2023 | T-12 | 2,300,653 |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 5 | 0 | L(25),DorYM3(28),O(7) | 6,830,863 | 896,206 | 5,934,657 | 11/30/2023 | T-12 | 6,620,053 |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 0 | 0 | L(26),D(29),O(5) | 7,104,552 | 4,091,765 | 3,012,787 | 10/1/2023 | T-12 | 6,672,429 |
17.01 | Property | | 1 | Gamecock Village | | | | 3,755,380 | 2,077,147 | 1,678,233 | 10/1/2023 | T-12 | 3,424,737 |
17.02 | Property | | 1 | Mustang Village | | | | 3,349,171 | 2,014,617 | 1,334,554 | 10/1/2023 | T-12 | 3,247,692 |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 0 | 0 | L(24),D(32),O(4) | 3,088,285 | 2,571,385 | 516,900 | 12/31/2023 | T-12 | 4,056,495 |
19 | Loan | | 1 | Detroit Foundation Hotel | 0 | 0 | L(25),D(28),O(7) | 15,854,264 | 11,575,545 | 4,278,719 | 11/30/2023 | T-12 | 13,453,099 |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 0 | 5 | L(29),D(24),O(7) | 17,641,792 | 6,786,560 | 10,855,233 | 7/31/2023 | T-12 | 16,980,535 |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | 9,537,640 | 3,684,263 | 5,853,377 | 7/31/2023 | T-12 | 9,119,180 |
20.02 | Property | | 1 | 2 West 46th Street | | | | 8,104,152 | 3,102,297 | 5,001,856 | 7/31/2023 | T-12 | 7,861,355 |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 0 | 0 | L(25),D(28),O(7) | 23,670,992 | 10,896,374 | 12,774,618 | 11/30/2023 | T-12 | 21,072,127 |
22 | Loan | 100 | 1 | Texican Court | 0 | 0 | L(24),D(29),O(7) | 10,137,248 | 7,507,637 | 2,629,611 | 1/31/2024 | T-12 | 10,079,713 |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 0 | 0 | L(25),D(30),O(5) | 2,762,664 | 1,245,280 | 1,517,384 | 12/31/2023 | T-12 | 2,133,772 |
23.01 | Property | | 1 | Williamsburg Apartments | | | | 1,424,549 | 681,144 | 743,405 | 12/31/2023 | T-12 | 968,921 |
23.02 | Property | | 1 | Western Oaks Apartments | | | | 1,338,115 | 564,136 | 773,979 | 12/31/2023 | T-12 | 1,164,851 |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 0 | 0 | L(24),D(31),O(5) | 1,945,094 | 763,970 | 1,181,124 | 10/31/2023 | T-12 | 1,315,209 |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 0 | 0 | L(24),D(33),O(3) | 2,575,600 | 878,034 | 1,697,566 | 12/31/2023 | T-12 | 1,924,856 |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 0 | 0 | L(26),D(27),O(7) | 8,456,758 | 6,308,410 | 2,148,348 | 11/30/2023 | T-12 | 8,138,972 |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 0 | 0 | L(24),D(31),O(5) | 1,756,741 | 669,490 | 1,087,252 | 12/31/2023 | T-12 | 1,592,141 |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | NAV | NAV | NAV | NAV | NAV | NAV |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 0 | 0 | L(24),D(32),O(4) | 1,001,052 | 416,286 | 584,766 | 12/31/2023 | T-12 | NAV |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 0 | 0 | L(25),D(31),O(4) | 6,371,300 | 1,950,521 | 4,420,779 | 12/31/2023 | T-12 | 5,758,768 |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 0 | 0 | L(11),YM1(13),DorYM1(31),O(5) | NAV | NAV | NAV | NAV | NAV | NAV |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 0 | 0 | L(25),D(30),O(5) | 1,406,497 | 441,523 | 964,974 | 9/30/2023 | T-12 | 1,504,202 |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 5 | 0 | L(27),D(26),O(7) | 10,474,739 | 4,494,234 | 5,980,505 | 9/30/2023 | T-12 | 10,343,810 |
33 | Loan | 131, 132 | 1 | The Valencia | 0 | 0 | L(24),D(29),O(7) | 1,969,790 | 963,933 | 1,005,857 | 12/31/2023 | T-12 | NAV |
34 | Loan | | 1 | Little Traverse Village | 0 | 0 | L(24),DorYM1(31),O(5) | 1,050,900 | 499,274 | 551,626 | 12/31/2023 | T-12 | 921,307 |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 0 | 0 | L(29),D(24),O(7) | 8,971,074 | 3,900,976 | 5,070,098 | 8/31/2023 | T-12 | 8,083,455 |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 0 | 0 | L(24),D(33),O(3) | 861,182 | 449,617 | 411,566 | 10/31/2023 | T-12 | 889,203 |
37 | Loan | | 1 | Anchor Bay Townhomes | 0 | 0 | L(24),DorYM1(31),O(5) | 883,520 | 453,250 | 430,269 | 12/31/2023 | T-12 | 849,240 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 4,438,900 | 11,015,379 | 12/31/2022 | T-12 | 14,584,959 | 4,137,392 | 10,447,567 | 12/31/2021 | T-12 | 86.4% |
1.01 | Property | | 1 | Prime Storage - New Windsor | 575,031 | 1,725,653 | 12/31/2022 | T-12 | 2,200,409 | 487,664 | 1,712,745 | 12/31/2021 | T-12 | 96.5% |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | 442,186 | 1,231,423 | 12/31/2022 | T-12 | 1,613,207 | 367,194 | 1,246,013 | 12/31/2021 | T-12 | 92.4% |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | 394,299 | 1,289,759 | 12/31/2022 | T-12 | 1,610,285 | 412,666 | 1,197,619 | 12/31/2021 | T-12 | 92.8% |
1.04 | Property | | 1 | Prime Storage - Hyde Park | 268,258 | 948,308 | 12/31/2022 | T-12 | 1,168,595 | 286,034 | 882,561 | 12/31/2021 | T-12 | 94.9% |
1.05 | Property | | 1 | Prime Storage - Newburgh | 283,510 | 848,664 | 12/31/2022 | T-12 | 1,055,881 | 288,256 | 767,625 | 12/31/2021 | T-12 | 95.9% |
1.06 | Property | | 1 | Prime Storage - Highland | 343,765 | 692,988 | 12/31/2022 | T-12 | 860,473 | 289,615 | 570,858 | 12/31/2021 | T-12 | 93.2% |
1.07 | Property | | 1 | Prime Storage - Beacon | 325,092 | 381,976 | 12/31/2022 | T-12 | 666,903 | 226,596 | 440,307 | 12/31/2021 | T-12 | 45.5% |
1.08 | Property | | 1 | Prime Storage - Chester | 249,750 | 723,012 | 12/31/2022 | T-12 | 924,315 | 232,129 | 692,186 | 12/31/2021 | T-12 | 90.7% |
1.09 | Property | | 1 | Prime Storage - Fishkill | 244,863 | 711,392 | 12/31/2022 | T-12 | 885,686 | 213,378 | 672,308 | 12/31/2021 | T-12 | 87.6% |
1.10 | Property | | 1 | Prime Storage - Warwick | 195,691 | 576,062 | 12/31/2022 | T-12 | 730,591 | 198,079 | 532,512 | 12/31/2021 | T-12 | 93.1% |
1.11 | Property | | 1 | Prime Storage - Walden | 161,566 | 554,958 | 12/31/2022 | T-12 | 683,949 | 180,821 | 503,128 | 12/31/2021 | T-12 | 89.8% |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | 599,410 | 583,041 | 12/31/2022 | T-12 | 1,137,012 | 575,398 | 561,614 | 12/31/2021 | T-12 | 90.4% |
1.13 | Property | | 1 | Prime Storage - Saugerties | 189,059 | 410,572 | 12/31/2022 | T-12 | 564,671 | 197,242 | 367,429 | 12/31/2021 | T-12 | 92.6% |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | 166,420 | 337,571 | 12/31/2022 | T-12 | 482,982 | 182,321 | 300,661 | 12/31/2021 | T-12 | 93.4% |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 21,622,799 | 13,746,918 | 12/31/2022 | T-12 | 20,402,956 | 14,106,442 | 6,296,514 | 12/31/2021 | T-12 | 70.2% |
2.01 | Property | | 1 | Warwick Melrose | 10,071,217 | 7,519,367 | 12/31/2022 | T-12 | 11,032,008 | 6,766,022 | 4,265,986 | 12/31/2021 | T-12 | 75.2% |
2.02 | Property | | 1 | Warwick Allerton | 11,551,583 | 6,227,552 | 12/31/2022 | T-12 | 9,370,947 | 7,340,420 | 2,030,528 | 12/31/2021 | T-12 | 68.2% |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 66.5% |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 13,294,184 | 37,154,574 | 12/31/2022 | T-12 | 46,624,468 | 12,851,993 | 33,772,475 | 12/31/2021 | T-12 | 94.5% |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 9,873,212 | 14,562,062 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 81.7% |
5.01 | Property | | 1 | Imperial Center | 3,206,585 | 6,345,758 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 69.5% |
5.02 | Property | | 1 | Parkway Avalon | 2,301,902 | 2,560,997 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 88.5% |
5.03 | Property | | 1 | Apex 190 | 2,314,663 | 3,097,203 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 92.6% |
5.04 | Property | | 1 | Fairview | 2,050,063 | 2,558,105 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 85.9% |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 46,051,002 | 16,559,526 | 12/31/2022 | T-12 | 19,895,595 | 19,620,191 | 275,404 | 12/31/2021 | T-12 | 65.0% |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 8,854,759 | 10,235,309 | 12/31/2022 | T-12 | 17,858,530 | 8,415,170 | 9,443,360 | 12/31/2021 | T-12 | 78.6% |
8 | Loan | 9, 48 | 1 | Lexmark | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
9 | Loan | 49, 50 | 1 | The Duncan | 2,352,501 | 2,324,828 | 12/31/2022 | T-12 | 3,172,889 | 2,217,477 | 955,412 | 12/31/2021 | T-12 | 95.0% |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 42,843,235 | 84,604,983 | 12/31/2022 | T-12 | 126,677,910 | 43,141,634 | 83,536,276 | 12/31/2021 | T-12 | 92.2% |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 8,453,477 | 4,800,674 | 12/31/2022 | T-12 | 8,955,593 | 6,271,361 | 2,684,232 | 12/31/2021 | T-12 | 69.0% |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 31,478,198 | 33,279,822 | 12/31/2022 | T-12 | 56,053,376 | 32,087,459 | 23,965,918 | 12/31/2021 | T-12 | 87.5% |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 5,204,998 | 6,629,269 | 12/31/2022 | T-12 | 12,384,942 | 5,237,077 | 7,147,865 | 12/31/2021 | T-12 | 76.2% |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 2,558,895 | 3,693,781 | 12/31/2022 | T-12 | 5,423,009 | 2,535,468 | 2,887,541 | 12/31/2021 | T-12 | 91.3% |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 373,591 | 1,927,063 | 12/31/2022 | T-12 | 2,034,277 | 336,243 | 1,698,034 | 12/31/2021 | T-12 | 95.0% |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 1,040,752 | 5,579,301 | 12/31/2022 | T-12 | 5,969,331 | 1,296,713 | 4,672,618 | 12/31/2021 | T-12 | 96.8% |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 3,733,735 | 2,938,694 | 12/31/2022 | T-12 | 6,306,114 | 3,440,974 | 2,865,140 | 12/31/2021 | T-12 | 93.3% |
17.01 | Property | | 1 | Gamecock Village | 1,829,632 | 1,595,105 | 12/31/2022 | T-12 | 3,219,739 | 1,644,479 | 1,575,260 | 12/31/2021 | T-12 | 95.0% |
17.02 | Property | | 1 | Mustang Village | 1,904,103 | 1,343,589 | 12/31/2022 | T-12 | 3,086,376 | 1,796,495 | 1,289,881 | 12/31/2021 | T-12 | 91.3% |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 2,261,283 | 1,795,213 | 12/31/2022 | T-12 | 3,641,337 | 2,346,251 | 1,295,085 | 12/31/2021 | T-12 | 87.1% |
19 | Loan | | 1 | Detroit Foundation Hotel | 9,991,846 | 3,461,253 | 12/31/2022 | T-12 | 8,039,159 | 6,811,851 | 1,227,308 | 12/31/2021 | T-12 | 67.4% |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 6,788,475 | 10,192,060 | 12/31/2022 | T-12 | 17,670,387 | 6,933,759 | 10,736,628 | 12/31/2021 | T-12 | 92.2% |
20.01 | Property | | 1 | 369 Lexington Avenue | 3,865,245 | 5,253,935 | 12/31/2022 | T-12 | 10,116,921 | 3,936,010 | 6,180,911 | 12/31/2021 | T-12 | 90.0% |
20.02 | Property | | 1 | 2 West 46th Street | 2,923,230 | 4,938,124 | 12/31/2022 | T-12 | 7,553,466 | 2,997,748 | 4,555,717 | 12/31/2021 | T-12 | 95.0% |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 10,279,326 | 10,792,801 | 12/31/2022 | T-12 | 12,677,356 | 6,784,021 | 5,893,335 | 12/31/2021 | T-12 | 89.7% |
22 | Loan | 100 | 1 | Texican Court | 7,480,456 | 2,599,258 | 12/31/2023 | T-12 | 8,433,054 | 6,402,943 | 2,030,111 | 12/31/2022 | T-12 | 66.4% |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 1,276,862 | 856,910 | 12/31/2022 | T-10 Ann | 1,993,267 | 843,279 | 1,149,988 | 11/30/2021 | T-12 | 93.2% |
23.01 | Property | | 1 | Williamsburg Apartments | 724,685 | 244,237 | 12/31/2022 | T-10 Ann | 1,029,469 | 460,449 | 569,020 | 11/30/2021 | T-12 | 91.5% |
23.02 | Property | | 1 | Western Oaks Apartments | 552,177 | 612,674 | 12/31/2022 | T-10 Ann | 963,799 | 382,830 | 580,968 | 11/30/2021 | T-12 | 95.2% |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 834,474 | 480,734 | 12/31/2022 | T-12 | 960,495 | 623,094 | 337,401 | 12/31/2021 | T-12 | 88.7% |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 879,319 | 1,045,537 | 12/31/2022 | T-12 | 1,746,613 | 750,041 | 996,572 | 12/31/2021 | T-12 | 90.0% |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 6,139,111 | 1,999,861 | 12/31/2022 | T-12 | 6,451,160 | 3,103,062 | 3,348,098 | 12/31/2021 | T-12 | 74.4% |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 512,409 | 1,079,732 | 12/31/2022 | T-12 | 1,526,284 | 537,121 | 989,163 | 12/31/2021 | T-12 | 95.0% |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
27.02 | Property | | 1 | 820 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
27.03 | Property | | 1 | 850 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
27.04 | Property | | 1 | 758 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
27.05 | Property | | 1 | 804 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
27.06 | Property | | 1 | 752 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 93.5% |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 1,994,369 | 3,764,399 | 12/31/2022 | T-12 | 5,187,288 | 1,804,174 | 3,383,114 | 12/31/2021 | T-6 Ann | 93.9% |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 521,612 | 982,590 | 12/31/2022 | T-12 | 1,700,403 | 483,981 | 1,216,422 | 12/31/2021 | T-12 | 89.7% |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 4,143,801 | 6,200,009 | 12/31/2022 | T-12 | 9,593,629 | 3,703,208 | 5,890,421 | 12/31/2021 | T-12 | 91.4% |
33 | Loan | 131, 132 | 1 | The Valencia | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 92.5% |
34 | Loan | | 1 | Little Traverse Village | 463,966 | 457,341 | 12/31/2022 | T-12 | 849,981 | 498,742 | 351,239 | 12/31/2021 | T-12 | 95.0% |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 3,665,097 | 4,418,358 | 12/31/2022 | T-12 | 7,104,048 | 3,419,564 | 3,684,484 | 12/31/2021 | T-12 | 88.3% |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 371,036 | 518,167 | 12/31/2022 | T-7 Ann | NAV | NAV | NAV | NAV | NAV | 95.0% |
37 | Loan | | 1 | Anchor Bay Townhomes | 442,477 | 406,763 | 12/31/2022 | T-12 | 850,319 | 409,355 | 440,964 | 12/31/2021 | T-12 | 95.0% |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) |
| | | | | | | | | | | 4 | 4 | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 16,782,408 | 4,490,628 | 12,291,780 | 134,192 | 25,190 | 12,132,398 | 1.42 | 1.40 | 8.9% | 8.8% |
1.01 | Property | | 1 | Prime Storage - New Windsor | 2,505,167 | 533,125 | 1,972,042 | 16,843 | 0 | 1,955,199 | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | 1,726,764 | 355,500 | 1,371,265 | 14,764 | 0 | 1,356,500 | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | 1,731,640 | 401,237 | 1,330,403 | 8,361 | 0 | 1,322,042 | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | 1,281,997 | 298,659 | 983,338 | 9,865 | 0 | 973,473 | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | 1,225,170 | 290,723 | 934,448 | 5,007 | 0 | 929,440 | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | 1,153,815 | 305,372 | 848,443 | 5,040 | 0 | 843,403 | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | 1,215,620 | 427,382 | 788,238 | 4,171 | 0 | 784,067 | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | 996,010 | 210,193 | 785,817 | 5,736 | 0 | 780,081 | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | 933,831 | 236,618 | 697,213 | 3,714 | 0 | 693,499 | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | 814,940 | 174,575 | 640,365 | 5,751 | 0 | 634,614 | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | 742,354 | 165,367 | 576,988 | 5,974 | 0 | 571,014 | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | 1,274,680 | 662,366 | 612,314 | 18,293 | 25,190 | 568,831 | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | 652,918 | 229,032 | 423,886 | 4,100 | 0 | 419,786 | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | 527,501 | 200,480 | 327,021 | 26,571 | 0 | 300,450 | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 36,557,157 | 25,435,000 | 11,122,157 | 1,328,800 | 0 | 9,793,357 | 1.73 | 1.52 | 14.3% | 12.6% |
2.01 | Property | | 1 | Warwick Melrose | 18,908,762 | 11,412,193 | 7,496,569 | 693,719 | 0 | 6,802,850 | | | | |
2.02 | Property | | 1 | Warwick Allerton | 17,648,395 | 14,022,807 | 3,625,588 | 635,081 | 0 | 2,990,507 | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 12,802,357 | 5,294,344 | 7,508,013 | 165,260 | 127,100 | 7,215,653 | 1.41 | 1.35 | 10.5% | 10.1% |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 50,721,444 | 12,770,752 | 37,950,692 | 206,628 | 1,604,875 | 36,139,189 | 2.30 | 2.19 | 14.6% | 13.9% |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 27,017,073 | 10,082,300 | 16,934,772 | 325,734 | 1,179,606 | 15,429,432 | 2.10 | 1.91 | 15.7% | 14.3% |
5.01 | Property | | 1 | Imperial Center | 8,526,911 | 3,392,708 | 5,134,203 | 134,950 | 424,847 | 4,574,406 | | | | |
5.02 | Property | | 1 | Parkway Avalon | 6,695,569 | 2,253,571 | 4,441,998 | 64,897 | 256,139 | 4,120,962 | | | | |
5.03 | Property | | 1 | Apex 190 | 5,847,044 | 2,335,186 | 3,511,857 | 61,451 | 256,305 | 3,194,102 | | | | |
5.04 | Property | | 1 | Fairview | 5,947,548 | 2,100,835 | 3,846,714 | 64,436 | 242,316 | 3,539,962 | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 76,670,902 | 54,048,705 | 22,622,197 | 2,526,674 | 0 | 20,095,523 | 2.68 | 2.38 | 22.0% | 19.5% |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 21,187,124 | 9,964,210 | 11,222,913 | 144,235 | 765,407 | 10,313,272 | 2.31 | 2.12 | 17.3% | 15.9% |
8 | Loan | 9, 48 | 1 | Lexmark | 16,266,144 | 3,065,946 | 13,200,198 | 453,967 | 489,029 | 12,257,203 | 2.12 | 1.97 | 16.0% | 14.9% |
9 | Loan | 49, 50 | 1 | The Duncan | 6,220,978 | 2,413,108 | 3,807,870 | 66,258 | 4,192 | 3,737,421 | 1.28 | 1.26 | 8.7% | 8.5% |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 140,618,916 | 43,516,369 | 97,102,547 | 358,728 | 1,793,638 | 94,950,181 | 2.04 | 2.00 | 13.7% | 13.4% |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 16,370,738 | 10,430,099 | 5,940,639 | 579,755 | 0 | 5,360,884 | 1.75 | 1.58 | 14.1% | 12.8% |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 63,861,272 | 30,795,311 | 33,065,961 | 199,180 | 995,900 | 31,870,881 | 2.16 | 2.09 | 16.5% | 15.9% |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 14,357,783 | 5,345,278 | 9,012,505 | 133,616 | 0 | 8,878,888 | 1.71 | 1.69 | 13.9% | 13.7% |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 6,923,996 | 2,829,818 | 4,094,178 | 44,380 | 156,274 | 3,893,524 | 1.71 | 1.63 | 12.6% | 12.0% |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 3,043,625 | 481,552 | 2,562,073 | 11,900 | 46,621 | 2,503,552 | 1.24 | 1.21 | 9.3% | 9.1% |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 7,072,372 | 1,212,090 | 5,860,282 | 71,104 | 0 | 5,789,178 | 1.63 | 1.61 | 10.2% | 10.1% |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 7,364,468 | 4,188,787 | 3,175,681 | 165,589 | 0 | 3,010,093 | 1.77 | 1.67 | 12.6% | 12.0% |
17.01 | Property | | 1 | Gamecock Village | 3,995,434 | 2,134,537 | 1,860,896 | 78,208 | 0 | 1,782,688 | | | | |
17.02 | Property | | 1 | Mustang Village | 3,369,034 | 2,054,249 | 1,314,785 | 87,380 | 0 | 1,227,405 | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 5,648,549 | 2,410,993 | 3,237,556 | 45,809 | 229,045 | 2,962,702 | 1.47 | 1.35 | 13.5% | 12.3% |
19 | Loan | | 1 | Detroit Foundation Hotel | 15,854,264 | 11,630,274 | 4,223,990 | 634,171 | 0 | 3,589,820 | 2.24 | 1.90 | 18.4% | 15.6% |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 18,446,425 | 7,103,097 | 11,343,328 | 109,765 | 590,707 | 10,642,855 | 1.39 | 1.30 | 11.2% | 10.5% |
20.01 | Property | | 1 | 369 Lexington Avenue | 9,928,894 | 3,861,406 | 6,067,488 | 51,760 | 291,470 | 5,724,258 | | | | |
20.02 | Property | | 1 | 2 West 46th Street | 8,517,531 | 3,241,691 | 5,275,840 | 58,005 | 299,238 | 4,918,597 | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 23,670,992 | 11,267,781 | 12,403,211 | 946,840 | 0 | 11,456,371 | 1.92 | 1.78 | 14.6% | 13.5% |
22 | Loan | 100 | 1 | Texican Court | 10,053,456 | 7,479,310 | 2,574,146 | 402,138 | 0 | 2,172,008 | 1.68 | 1.42 | 13.2% | 11.1% |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 3,168,996 | 1,294,345 | 1,874,651 | 76,540 | 0 | 1,798,111 | 1.45 | 1.39 | 10.8% | 10.3% |
23.01 | Property | | 1 | Williamsburg Apartments | 1,680,390 | 686,473 | 993,918 | 38,818 | 0 | 955,099 | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | 1,488,605 | 607,872 | 880,733 | 37,722 | 0 | 843,011 | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 2,584,427 | 740,878 | 1,843,549 | 23,821 | 0 | 1,819,728 | 1.48 | 1.46 | 11.1% | 11.0% |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 3,030,413 | 909,390 | 2,121,023 | 53,854 | 141,720 | 1,925,449 | 1.78 | 1.62 | 13.3% | 12.0% |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 8,456,758 | 5,948,769 | 2,507,989 | 422,838 | 0 | 2,085,151 | 1.82 | 1.51 | 16.4% | 13.7% |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 1,947,614 | 545,267 | 1,402,347 | 12,756 | 39,950 | 1,349,641 | 1.43 | 1.38 | 9.7% | 9.3% |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | NAV | NAV | NAV | NAV | NAV | NAV | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 1,847,609 | 473,529 | 1,374,080 | 0 | 38,074 | 1,336,006 | 1.40 | 1.36 | 9.9% | 9.6% |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 6,225,121 | 2,146,846 | 4,078,275 | 82,173 | 0 | 3,996,102 | 1.46 | 1.43 | 8.5% | 8.3% |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 3,707,660 | 111,230 | 3,596,430 | 17,350 | 0 | 3,579,080 | 1.80 | 1.79 | 12.2% | 12.1% |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 1,785,421 | 511,439 | 1,273,982 | 18,901 | 80,232 | 1,174,849 | 2.13 | 1.97 | 14.5% | 13.4% |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 11,258,615 | 4,817,557 | 6,441,058 | 57,668 | 285,022 | 6,098,368 | 1.40 | 1.33 | 11.7% | 11.1% |
33 | Loan | 131, 132 | 1 | The Valencia | 2,101,511 | 1,082,382 | 1,019,129 | 41,300 | 0 | 977,829 | 1.79 | 1.72 | 14.8% | 14.2% |
34 | Loan | | 1 | Little Traverse Village | 1,103,107 | 518,807 | 584,300 | 18,000 | 0 | 566,300 | 1.46 | 1.42 | 10.9% | 10.6% |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 10,935,948 | 4,160,455 | 6,775,493 | 71,238 | 541,138 | 6,163,117 | 1.71 | 1.56 | 13.0% | 11.9% |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 889,919 | 467,595 | 422,324 | 28,512 | 0 | 393,812 | 1.40 | 1.31 | 9.8% | 9.2% |
37 | Loan | | 1 | Anchor Bay Townhomes | 844,725 | 498,566 | 346,159 | 20,000 | 0 | 326,159 | 1.42 | 1.34 | 10.6% | 9.9% |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) |
| | | | | | | | | | 5 | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 219,500,000 | As Is | 1/31/2024 | 62.6% | 62.6% | 89.6% | | |
1.01 | Property | | 1 | Prime Storage - New Windsor | 35,600,000 | As Is | 1/31/2024 | | | 96.1% | 1/2/2024 | NAP |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | 23,800,000 | As Is | 1/31/2024 | | | 93.9% | 1/2/2024 | NAP |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | 21,200,000 | As Is | 1/31/2024 | | | 93.1% | 1/2/2024 | NAP |
1.04 | Property | | 1 | Prime Storage - Hyde Park | 15,800,000 | As Is | 1/31/2024 | | | 96.0% | 1/2/2024 | NAP |
1.05 | Property | | 1 | Prime Storage - Newburgh | 14,000,000 | As Is | 1/31/2024 | | | 95.9% | 1/2/2024 | NAP |
1.06 | Property | | 1 | Prime Storage - Highland | 12,800,000 | As Is | 1/31/2024 | | | 94.5% | 1/2/2024 | NAP |
1.07 | Property | | 1 | Prime Storage - Beacon | 27,800,000 | As Is | 1/31/2024 | | | 46.9% | 1/2/2024 | NAP |
1.08 | Property | | 1 | Prime Storage - Chester | 12,900,000 | As Is | 1/31/2024 | | | 90.5% | 1/2/2024 | NAP |
1.09 | Property | | 1 | Prime Storage - Fishkill | 12,100,000 | As Is | 1/31/2024 | | | 88.6% | 1/2/2024 | NAP |
1.10 | Property | | 1 | Prime Storage - Warwick | 10,000,000 | As Is | 1/31/2024 | | | 92.9% | 1/2/2024 | NAP |
1.11 | Property | | 1 | Prime Storage - Walden | 9,400,000 | As Is | 1/31/2024 | | | 89.1% | 1/2/2024 | NAP |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | 10,700,000 | As Is | 1/31/2024 | | | 95.0% | 1/2/2024 | NAP |
1.13 | Property | | 1 | Prime Storage - Saugerties | 7,400,000 | As Is | 1/31/2024 | | | 93.0% | 1/2/2024 | NAP |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | 6,000,000 | As Is | 1/31/2024 | | | 93.0% | 1/2/2024 | NAP |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 168,200,000 | As Is | Various | 46.4% | 46.4% | 70.2% | | |
2.01 | Property | | 1 | Warwick Melrose | 103,500,000 | As Is | 1/3/2024 | | | 75.2% | 12/31/2023 | NAP |
2.02 | Property | | 1 | Warwick Allerton | 64,700,000 | As Is | 1/5/2024 | | | 68.2% | 12/31/2023 | NAP |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 110,100,000 | As Is | 1/15/2024 | 64.9% | 64.9% | 64.4% | 1/31/2024 | No |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 571,200,000 | As Is | 1/23/2024 | 45.5% | 45.5% | 95.2% | 12/31/2023 | No |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 195,500,000 | As Is | Various | 55.2% | 55.2% | 82.4% | | |
5.01 | Property | | 1 | Imperial Center | 67,000,000 | As Is | 1/23/2024 | | | 69.7% | 12/31/2023 | No |
5.02 | Property | | 1 | Parkway Avalon | 48,900,000 | As Is | 1/17/2024 | | | 89.0% | 12/31/2023 | No |
5.03 | Property | | 1 | Apex 190 | 36,200,000 | As Is | 1/17/2024 | | | 100.0% | 12/31/2023 | No |
5.04 | Property | | 1 | Fairview | 43,400,000 | As Is | 1/17/2024 | | | 85.6% | 12/31/2023 | No |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 206,000,000 | As Is | 8/10/2023 | 50.0% | 47.5% | 65.0% | 12/31/2023 | NAP |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 136,000,000 | As Is | 12/11/2023 | 47.8% | 47.8% | 75.5% | 1/31/2024 | No |
8 | Loan | 9, 48 | 1 | Lexmark | 133,000,000 | As Is | 1/11/2024 | 62.0% | 62.0% | 100.0% | 3/6/2024 | Yes |
9 | Loan | 49, 50 | 1 | The Duncan | 73,000,000 | As Is | 11/6/2023 | 60.3% | 60.3% | 96.2% | 1/22/2024 | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 1,800,000,000 | As Is | 10/5/2023 | 39.4% | 39.4% | 95.4% | 11/1/2023 | No |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 70,100,000 | As Is | 11/7/2023 | 59.9% | 59.9% | 69.0% | 12/31/2023 | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 467,000,000 | As Is | 8/22/2023 | 42.8% | 42.8% | 87.3% | 11/30/2023 | No |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 113,000,000 | Hypothetical As Is | 10/5/2023 | 57.5% | 57.5% | 77.2% | 1/18/2024 | No |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 48,200,000 | As Is | 1/17/2024 | 67.5% | 67.5% | 91.0% | 2/15/2024 | No |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 56,500,000 | As Is | 1/11/2024 | 48.7% | 48.7% | 100.0% | 12/31/2023 | No |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 94,100,000 | As Is | 8/25/2023 | 61.1% | 61.1% | 99.5% | 11/1/2023 | No |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 48,530,000 | As Is | Various | 51.8% | 51.8% | 96.5% | | |
17.01 | Property | | 1 | Gamecock Village | 28,600,000 | As Is | 11/20/2023 | | | 99.0% | 11/14/2023 | NAP |
17.02 | Property | | 1 | Mustang Village | 19,930,000 | As Is | 11/15/2023 | | | 94.0% | 11/14/2023 | NAP |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 42,600,000 | Upon Completion of TI for Signed Leases | 6/1/2024 | 56.3% | 54.2% | 87.1% | 2/8/2024 | No |
19 | Loan | | 1 | Detroit Foundation Hotel | 42,000,000 | As Is | 7/25/2023 | 54.8% | 54.8% | 67.4% | 11/30/2023 | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 171,000,000 | As Is | 7/19/2023 | 59.3% | 59.3% | 93.8% | | |
20.01 | Property | | 1 | 369 Lexington Avenue | 97,000,000 | As Is | 7/19/2023 | | | 92.0% | 9/1/2023 | No |
20.02 | Property | | 1 | 2 West 46th Street | 74,000,000 | As Is | 7/19/2023 | | | 95.8% | 9/1/2023 | No |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 145,000,000 | As Is | 12/19/2023 | 58.6% | 58.6% | 89.7% | 11/30/2023 | NAP |
22 | Loan | 100 | 1 | Texican Court | 47,300,000 | As Is | 9/26/2023 | 41.2% | 41.2% | 66.4% | 1/31/2024 | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 24,890,000 | As Is | 1/11/2024 | 69.8% | 69.8% | 93.4% | | |
23.01 | Property | | 1 | Williamsburg Apartments | 13,070,000 | As Is | 1/11/2024 | | | 91.5% | 1/4/2024 | NAP |
23.02 | Property | | 1 | Western Oaks Apartments | 11,820,000 | As Is | 1/11/2024 | | | 95.3% | 1/4/2024 | NAP |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 29,900,000 | As Is | 12/5/2023 | 55.5% | 55.5% | 88.3% | 2/28/2024 | No |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 24,100,000 | As Is | 1/4/2024 | 66.4% | 66.4% | 90.6% | 12/1/2023 | No |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 25,500,000 | As Is | 12/4/2023 | 59.8% | 59.8% | 74.4% | 11/30/2023 | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 22,310,000 | As Is | 8/31/2023 | 65.0% | 65.0% | 97.2% | | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | 6,470,000 | As Is | 8/31/2023 | | | 100.0% | 2/8/2024 | No |
27.02 | Property | | 1 | 820 Nostrand Avenue | 6,210,000 | As Is | 8/31/2023 | | | 100.0% | 2/8/2024 | No |
27.03 | Property | | 1 | 850 Nostrand Avenue | 4,320,000 | As Is | 8/31/2023 | | | 84.1% | 2/8/2024 | No |
27.04 | Property | | 1 | 758 Nostrand Avenue | 2,790,000 | As Is | 8/31/2023 | | | 100.0% | 2/8/2024 | No |
27.05 | Property | | 1 | 804 Nostrand Avenue | 1,540,000 | As Is | 8/31/2023 | | | 100.0% | 2/8/2024 | No |
27.06 | Property | | 1 | 752 Nostrand Avenue | 980,000 | As Is | 8/31/2023 | | | 100.0% | 2/8/2024 | No |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 23,500,000 | As Is | 12/6/2023 | 59.1% | 59.1% | 94.7% | 12/12/2023 | No |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 65,900,000 | As Is | 1/3/2024 | 72.8% | 72.8% | 97.3% | 1/18/2024 | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 45,700,000 | As Is | 12/15/2023 | 64.7% | 64.7% | 100.0% | 3/6/2024 | Yes |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 18,400,000 | As Is | 11/6/2023 | 47.8% | 47.8% | 85.3% | 1/30/2024 | No |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 102,500,000 | As Is | 11/15/2023 | 53.7% | 53.7% | 92.5% | 10/31/2023 | No |
33 | Loan | 131, 132 | 1 | The Valencia | 13,100,000 | As Is | 12/15/2023 | 52.7% | 52.7% | 97.5% | 2/5/2024 | NAP |
34 | Loan | | 1 | Little Traverse Village | 9,100,000 | As Is | 11/16/2023 | 58.8% | 58.8% | 94.4% | 2/28/2024 | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 81,100,000 | Hypothetical As Is | 8/3/2023 | 64.1% | 64.1% | 87.6% | 11/13/2023 | No |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 6,240,000 | As Is | 12/4/2023 | 68.9% | 68.9% | 99.0% | 12/1/2023 | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | 5,600,000 | As Is | 11/16/2023 | 58.6% | 58.6% | 96.3% | 2/29/2024 | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA |
| | | | | | | | 6 | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | | | | | | | |
1.01 | Property | | 1 | Prime Storage - New Windsor | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.04 | Property | | 1 | Prime Storage - Hyde Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.05 | Property | | 1 | Prime Storage - Newburgh | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.06 | Property | | 1 | Prime Storage - Highland | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.07 | Property | | 1 | Prime Storage - Beacon | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.08 | Property | | 1 | Prime Storage - Chester | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.09 | Property | | 1 | Prime Storage - Fishkill | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.10 | Property | | 1 | Prime Storage - Warwick | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.11 | Property | | 1 | Prime Storage - Walden | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.13 | Property | | 1 | Prime Storage - Saugerties | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | | | | | | | |
2.01 | Property | | 1 | Warwick Melrose | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.02 | Property | | 1 | Warwick Allerton | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | Tribridge Developments, LLC | 30,033 | 10.8% | 8/31/2033 | New York Life Insurance Company | 14,573 | 5.3% |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | Macy's | 262,829 | 25.4% | 9/10/2028 | Dillard's | 240,656 | 23.3% |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | | | | | | | |
5.01 | Property | | 1 | Imperial Center | Bioventus, LLC | 52,121 | 12.7% | 9/30/2028 | Principled Tech | 41,176 | 10.1% |
5.02 | Property | | 1 | Parkway Avalon | Open Text - GXS | 41,382 | 21.0% | 4/30/2029 | Kimley-Horn and Associates | 35,407 | 18.0% |
5.03 | Property | | 1 | Apex 190 | Paragon Healthcare, Inc. | 103,249 | 55.4% | 12/31/2030 | Republic Title of Texas, Inc. | 35,010 | 18.8% |
5.04 | Property | | 1 | Fairview | Spin Systems Inc. | 24,513 | 12.6% | 8/31/2028 | Economic Systems Inc. | 17,929 | 9.2% |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | Crystal Stairs | 109,886 | 19.0% | 4/15/2030 | County of Los Angeles | 92,189 | 16.0% |
8 | Loan | 9, 48 | 1 | Lexmark | Lexmark | 1,449,072 | 100.0% | 12/31/2043 | NAP | NAP | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | Bloomingdale's | 252,754 | 14.1% | 7/22/2028 | Macy's | 237,076 | 13.2% |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | Primark | 73,647 | 7.4% | 6/30/2027 | AMC Theatres | 54,000 | 5.4% |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | Manhattan Associates | 209,828 | 31.4% | 9/30/2036 | Advisor Group | 43,325 | 6.5% |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | Virginia Hospital Center Arlington Health System | 51,263 | 24.6% | 9/30/2030 | The Anderson Clinic LLC | 31,248 | 15.0% |
15 | Loan | 82, 83 | 1 | Vernon Industrial | Vernon Sales Inc. | 105,000 | 88.2% | 6/30/2030 | Calportland Company | 12,000 | 10.1% |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | Walmart / Sam's Club | 314,413 | 66.3% | 5/31/2030 | At Home | 103,640 | 21.9% |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | | | | | | | |
17.01 | Property | | 1 | Gamecock Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.02 | Property | | 1 | Mustang Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | PKF O'Connor, Inc. | 41,529 | 18.1% | 10/31/2032 | Anchor Media Services, Inc | 13,980 | 6.1% |
19 | Loan | | 1 | Detroit Foundation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | | | | | | | |
20.01 | Property | | 1 | 369 Lexington Avenue | Jay Suites II, LLC | 18,982 | 12.1% | 12/31/2031 | Cafe Con Tutti Corp | 14,039 | 8.9% |
20.02 | Property | | 1 | 2 West 46th Street | Royal Chain, Inc. | 18,546 | 12.8% | 12/31/2024 | 5th Ave Dollar LLC | 11,990 | 8.3% |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 100 | 1 | Texican Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | | | | | | | |
23.01 | Property | | 1 | Williamsburg Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.02 | Property | | 1 | Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 24 Hour Fitness | 24,500 | 38.3% | 12/31/2028 | Wake & Late | 14,412 | 22.5% |
25 | Loan | 107, 108 | 1 | City Center @ Penn | Belden Inc. | 30,011 | 21.2% | 6/30/2033 | Baker Hill Solutions LLC | 26,400 | 18.6% |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | | | | | | | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | Park Place Daycare | 4,324 | 44.9% | 12/31/2030 | Salah Kaid Mohamed Salim (d.b.a Deli) | 900 | 9.3% |
27.02 | Property | | 1 | 820 Nostrand Avenue | Navjot Singh and Tarsem Singh (d.b.a. Restaurant) | 850 | 9.3% | MTM | Nostrand Station Bar & Lounge | 660 | 7.2% |
27.03 | Property | | 1 | 850 Nostrand Avenue | Funding for Merchants | 2,100 | 33.3% | 5/31/2027 | Tony's Pizza Inc. | 1,300 | 20.6% |
27.04 | Property | | 1 | 758 Nostrand Avenue | Williamsburg Pizza | 966 | 16.7% | 12/31/2033 | Mei Yu Xie (d.b.a Nail Salon) | 966 | 16.7% |
27.05 | Property | | 1 | 804 Nostrand Avenue | Opal Ellis (d.b.a. Restaurant) | 900 | 31.6% | 2/28/2025 | NAP | NAP | NAP |
27.06 | Property | | 1 | 752 Nostrand Avenue | IWC Capital | 800 | 31.5% | 6/30/2024 | Taqueria Milear | 440 | 17.3% |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | Goutex Foods LLC | 10,596 | 11.1% | 12/31/2033 | Innovative Tapis De Sol LLC | 7,976 | 8.3% |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | Syngenta Seeds LLC | 115,664 | 100.0% | 11/30/2043 | NAP | NAP | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | Sabaho, Inc. DBA Thunder Deals | 8,400 | 12.7% | 11/30/2033 | Stanton Optical | 5,614 | 8.5% |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | AutoNation | 162,255 | 78.8% | 12/31/2029 | Janney Montgomery Scott, LLC | 5,982 | 2.9% |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | | 1 | Little Traverse Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | Butler Snow LLP | 55,581 | 15.6% | 6/30/2035 | Simmons Bank | 44,081 | 12.4% |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF |
| | | | | 6 | | | | 6 | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | | | | | | | |
1.01 | Property | | 1 | Prime Storage - New Windsor | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.04 | Property | | 1 | Prime Storage - Hyde Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.05 | Property | | 1 | Prime Storage - Newburgh | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.06 | Property | | 1 | Prime Storage - Highland | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.07 | Property | | 1 | Prime Storage - Beacon | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.08 | Property | | 1 | Prime Storage - Chester | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.09 | Property | | 1 | Prime Storage - Fishkill | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.10 | Property | | 1 | Prime Storage - Warwick | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.11 | Property | | 1 | Prime Storage - Walden | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.13 | Property | | 1 | Prime Storage - Saugerties | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | | | | | | | |
2.01 | Property | | 1 | Warwick Melrose | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.02 | Property | | 1 | Warwick Allerton | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 8/31/2034 | PartnerRE | 11,130 | 4.0% | 4/30/2031 | Hestia | 9,190 |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 1/31/2029 | Arhaus Furniture | 16,925 | 1.6% | 1/31/2032 | Forever 21 | 16,638 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | | | | | | | |
5.01 | Property | | 1 | Imperial Center | 3/31/2028 | Marken LLP | 29,319 | 7.2% | 10/31/2028 | Total Quality Logistics (aka TQL) | 27,307 |
5.02 | Property | | 1 | Parkway Avalon | 2/29/2028 | Stone Resource LLC | 17,437 | 8.9% | 7/31/2032 | Peachtree Orthopedic Clinic | 10,560 |
5.03 | Property | | 1 | Apex 190 | 5/31/2035 | Samsung SDS Global SCL America, Inc. | 32,424 | 17.4% | 6/30/2025 | Reliant at Home Inc. | 8,008 |
5.04 | Property | | 1 | Fairview | 7/31/2028 | Global Tel Link | 16,374 | 8.4% | 1/31/2028 | Communications Training ANA | 14,345 |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 12/31/2032 | 24 Hour Fitness | 38,524 | 6.7% | 12/31/2029 | Providence Health | 25,977 |
8 | Loan | 9, 48 | 1 | Lexmark | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 7/24/2028 | Nordstrom | 201,000 | 11.2% | 3/31/2025 | AMC Theatres | 105,122 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 2/28/2034 | Hobby Lobby | 42,768 | 4.3% | 5/31/2033 | Dave & Buster's | 41,241 |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 6/30/2029 | Scientific Research Corp | 33,984 | 5.1% | 5/31/2027 | National Video Monitoring Co | 21,855 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 7/31/2035 | Armed Forces Services Corporation | 22,724 | 10.9% | 6/30/2025 | Susan B Anthony List Inc | 17,784 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 3/31/2030 | Vernon Pallets Inc. | 2,000 | 1.7% | 12/31/2032 | NAP | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 2/28/2037 | Bank of America | 4,330 | 0.9% | 3/31/2031 | Lakewood Medical Center | 4,149 |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | | | | | | | |
17.01 | Property | | 1 | Gamecock Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.02 | Property | | 1 | Mustang Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 4/30/2031 | Curbngo USA LLC | 11,953 | 5.2% | 5/31/2029 | Endo Pharmaceuticals, Inc. | 11,906 |
19 | Loan | | 1 | Detroit Foundation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | | | | | | | |
20.01 | Property | | 1 | 369 Lexington Avenue | 11/30/2028 | Body Sculpt of Long Island LLC | 8,928 | 5.7% | 3/31/2027 | Mingxue Yang Medical P.C | 8,655 |
20.02 | Property | | 1 | 2 West 46th Street | 3/31/2027 | Taba Casting | 5,657 | 3.9% | 6/30/2029 | Pomann Sound Production Inc | 5,505 |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 100 | 1 | Texican Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | | | | | | | |
23.01 | Property | | 1 | Williamsburg Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.02 | Property | | 1 | Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 4/30/2032 | Last Crumb | 9,681 | 15.1% | 11/30/2029 | White Moon Dreams | 5,123 |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 1/31/2026 | Bio-Medical Applications | 21,673 | 15.3% | 6/30/2028 | Windows LLC | 18,015 |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | | | | | | | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | 9/30/2026 | Brooklyn Waffle House III Inc. | 700 | 7.3% | 9/14/2027 | Veronica Martin (d.b.a. Beauty Salon) | 504 |
27.02 | Property | | 1 | 820 Nostrand Avenue | 11/30/2026 | Khalid (d.b.a. Grocery Store) | 450 | 4.9% | 3/31/2026 | Printtek NY LLC | 315 |
27.03 | Property | | 1 | 850 Nostrand Avenue | 3/31/2025 | State Farm | 900 | 14.3% | 6/30/2026 | Brooklyn Wing House | 500 |
27.04 | Property | | 1 | 758 Nostrand Avenue | 12/31/2028 | NAP | NAP | NAP | NAP | NAP | NAP |
27.05 | Property | | 1 | 804 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.06 | Property | | 1 | 752 Nostrand Avenue | 2/29/2028 | Milear Bar | 400 | 15.7% | 2/29/2028 | NAP | NAP |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 4/30/2028 | Pyramid Office Solutions Inc. | 4,400 | 4.6% | 7/31/2026 | Nunez Distributors LLC | 4,400 |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 4/30/2026 | Azad Dental 3 Corp | 4,650 | 7.1% | 10/31/2027 | Hama Sato Restaurant | 3,637 |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 12/31/2027 | Callahan & Fusco | 4,975 | 2.4% | 5/31/2028 | Palisades Hudson Financial Group | 3,970 |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | | 1 | Little Traverse Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 1/31/2038 | Benefit Recovery Group, LLC | 19,864 | 5.6% | 1/31/2034 | Diversified Trust Company | 17,579 |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
| | | | | | 6 | | | | 6 | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | | | | | | | | |
1.01 | Property | | 1 | Prime Storage - New Windsor | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.04 | Property | | 1 | Prime Storage - Hyde Park | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.05 | Property | | 1 | Prime Storage - Newburgh | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.06 | Property | | 1 | Prime Storage - Highland | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.07 | Property | | 1 | Prime Storage - Beacon | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.08 | Property | | 1 | Prime Storage - Chester | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.09 | Property | | 1 | Prime Storage - Fishkill | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | 2/5/2024 |
1.10 | Property | | 1 | Prime Storage - Warwick | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.11 | Property | | 1 | Prime Storage - Walden | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.13 | Property | | 1 | Prime Storage - Saugerties | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | | | | | | | | |
2.01 | Property | | 1 | Warwick Melrose | NAP | NAP | NAP | NAP | NAP | NAP | 1/2/2024 | NAP |
2.02 | Property | | 1 | Warwick Allerton | NAP | NAP | NAP | NAP | NAP | NAP | 1/2/2024 | NAP |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 3.3% | 5/31/2033 | The NRP Group LLC | 6,270 | 2.3% | 11/30/2030 | 1/24/2024 | NAP |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 1.6% | MTM | Pottery Barn | 15,913 | 1.5% | 1/31/2030 | 1/17/2024 | NAP |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | | | | | | | | |
5.01 | Property | | 1 | Imperial Center | 6.7% | 12/31/2027 | GF Management Company, LLC | 18,220 | 4.5% | 11/30/2029 | 1/18/2024 | NAP |
5.02 | Property | | 1 | Parkway Avalon | 5.4% | 6/30/2029 | Atlanta Office Ventures, LLC | 9,801 | 5.0% | 10/31/2025 | 1/18/2024 | NAP |
5.03 | Property | | 1 | Apex 190 | 4.3% | 10/31/2027 | Parry Labs, LLC | 7,524 | 4.0% | 6/30/2028 | 1/18/2024 | NAP |
5.04 | Property | | 1 | Fairview | 7.3% | 6/30/2033 | CACI, Inc. - Federal (fka Next Century) | 11,371 | 5.8% | 11/30/2027 | 1/18/2024 | NAP |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | 8/24/2023 | NAP |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 4.5% | 10/31/2029 | ARINC | 24,778 | 4.3% | 3/31/2030 | 12/28/2023 | NAP |
8 | Loan | 9, 48 | 1 | Lexmark | NAP | NAP | NAP | NAP | NAP | NAP | 2/6/2024 | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | NAP | NAP | NAP | NAP | NAP | 11/20/2023 | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 5.9% | 9/30/2025 | Primark | 50,186 | 2.8% | 5/31/2034 | 8/2/2023 | NAP |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | NAP | NAP | NAP | NAP | NAP | 12/7/2023 | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 4.1% | 1/31/2033 | Lidl | 37,403 | 3.8% | 1/31/2039 | 9/5/2023 | NAP |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 3.3% | 4/30/2029 | BioIQ Inc | 18,142 | 2.7% | 5/31/2026 | 10/11/2023 | NAP |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 8.5% | 11/30/2028 | The Lukens Company | 14,778 | 7.1% | 8/31/2031 | 1/11/2024 | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | NAP | NAP | NAP | NAP | NAP | NAP | 8/16/2023 | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 0.9% | 1/31/2024 | Chick-fil-A | 4,040 | 0.9% | 2/28/2027 | 9/5/2023 | NAP |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | | | | | | | | |
17.01 | Property | | 1 | Gamecock Village | NAP | NAP | NAP | NAP | NAP | NAP | 11/30/2023 | NAP |
17.02 | Property | | 1 | Mustang Village | NAP | NAP | NAP | NAP | NAP | NAP | 11/30/2023 | NAP |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 5.2% | 8/31/2027 | Colliers Engineering | 10,939 | 4.8% | 4/30/2031 | 10/26/2023 | NAP |
19 | Loan | | 1 | Detroit Foundation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | 7/28/2023 | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | | | | | | | | |
20.01 | Property | | 1 | 369 Lexington Avenue | 5.5% | 10/31/2029 | Government of Morocco | 8,500 | 5.4% | 12/31/2032 | 7/27/2023 | NAP |
20.02 | Property | | 1 | 2 West 46th Street | 3.8% | 4/30/2024 | Carelle Ltd. | 3,430 | 2.4% | 8/31/2025 | 7/27/2023 | NAP |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | NAP | NAP | NAP | NAP | NAP | NAP | 12/21/2023 | NAP |
22 | Loan | 100 | 1 | Texican Court | NAP | NAP | NAP | NAP | NAP | NAP | 10/11/2023 | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | | | | | | | | |
23.01 | Property | | 1 | Williamsburg Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 1/18/2024 | NAP |
23.02 | Property | | 1 | Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 1/18/2024 | NAP |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 8.0% | 2/28/2034 | WellNest LA Med Spa | 2,841 | 4.4% | 3/31/2031 | 12/8/2023 | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 12.7% | 9/30/2029 | Metro Fibernet, LLC | 12,460 | 8.8% | 4/30/2027 | 1/19/2024 | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | 12/18/2023 | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | | | | | | | | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | 5.2% | MTM | Antoinette Innis (d.b.a. General Store) | 500 | 5.2% | MTM | 9/13/2023 | NAP |
27.02 | Property | | 1 | 820 Nostrand Avenue | 3.4% | 8/31/2025 | NAP | NAP | NAP | NAP | 9/13/2023 | NAP |
27.03 | Property | | 1 | 850 Nostrand Avenue | 7.9% | 5/1/2027 | Heights Realty | 500 | 7.9% | 1/1/2028 | 9/13/2023 | 10/19/2023 |
27.04 | Property | | 1 | 758 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | 9/13/2023 | NAP |
27.05 | Property | | 1 | 804 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | 9/13/2023 | NAP |
27.06 | Property | | 1 | 752 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | 9/13/2023 | NAP |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 4.6% | 4/30/2028 | Viser Manufacturing Inc. | 4,242 | 4.4% | 4/30/2028 | 2/9/2024 | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 1/9/2024 | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAP | NAP | NAP | NAP | NAP | NAP | 8/11/2023 | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 5.5% | 4/30/2025 | A La Carte Fine | 2,730 | 4.1% | 5/31/2026 | 11/10/2023 | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 1.9% | 1/31/2029 | SRS National Net Lease Group | 3,409 | 1.7% | 9/30/2025 | 5/3/2023 | NAP |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | NAP | NAP | NAP | NAP | NAP | 1/2/2024 | NAP |
34 | Loan | | 1 | Little Traverse Village | NAP | NAP | NAP | NAP | NAP | NAP | 11/17/2023 | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 4.9% | 4/30/2033 | Wells Fargo Clearing Services | 15,637 | 4.4% | 4/30/2028 | 8/17/2023 | NAP |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | NAP | NAP | NAP | NAP | NAP | 12/12/2023 | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | 11/21/2023 | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) |
| | | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | | | | | | | | | |
1.01 | Property | | 1 | Prime Storage - New Windsor | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.04 | Property | | 1 | Prime Storage - Hyde Park | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.05 | Property | | 1 | Prime Storage - Newburgh | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.06 | Property | | 1 | Prime Storage - Highland | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.07 | Property | | 1 | Prime Storage - Beacon | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.08 | Property | | 1 | Prime Storage - Chester | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.09 | Property | | 1 | Prime Storage - Fishkill | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.10 | Property | | 1 | Prime Storage - Warwick | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.11 | Property | | 1 | Prime Storage - Walden | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.13 | Property | | 1 | Prime Storage - Saugerties | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | | | | | | | | | |
2.01 | Property | | 1 | Warwick Melrose | 1/2/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
2.02 | Property | | 1 | Warwick Allerton | 1/2/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 1/24/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 1/16/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | | | | | | | | | |
5.01 | Property | | 1 | Imperial Center | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
5.02 | Property | | 1 | Parkway Avalon | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
5.03 | Property | | 1 | Apex 190 | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
5.04 | Property | | 1 | Fairview | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 8/23/2023 | NAP | NAP | Yes - VE | Leasehold | 6/30/2061 | 5, 10-year extension options | 2,087,004 | Yes |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 12/22/2023, 12/28/2023 | 12/22/2023, 12/29/2023 | 11%, 12% | No | Fee | NAP | NAP | NAP | NAP |
8 | Loan | 9, 48 | 1 | Lexmark | 10/9/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | 11/20/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 8/7/2023 | NAP | NAP | No | Fee / Leasehold | 8/31/2035 | None | 1,565,412 | No |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 12/7/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 9/5/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 10/11/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 1/11/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 8/11/2023 | 8/11/2023 | 18% | No | Fee | NAP | NAP | NAP | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 9/5/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | | | | | | | | | |
17.01 | Property | | 1 | Gamecock Village | 11/30/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
17.02 | Property | | 1 | Mustang Village | 11/30/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 10/26/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
19 | Loan | | 1 | Detroit Foundation Hotel | 7/28/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | | | | | | | | | |
20.01 | Property | | 1 | 369 Lexington Avenue | 7/27/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
20.02 | Property | | 1 | 2 West 46th Street | 7/27/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 12/21/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
22 | Loan | 100 | 1 | Texican Court | 10/11/2023 | NAP | NAP | No | Leasehold | 11/12/2028 | None | 1 | No |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | | | | | | | | | |
23.01 | Property | | 1 | Williamsburg Apartments | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
23.02 | Property | | 1 | Western Oaks Apartments | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 12/6/2023 | 12/6/2023 | 16% | No | Fee | NAP | NAP | NAP | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 1/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 12/18/2023 | 12/15/2023 | 9% | No | Leasehold | 2/15/2042 | 1, 35-year extension option | 194,640 | No |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | | | | | | | | | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
27.02 | Property | | 1 | 820 Nostrand Avenue | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
27.03 | Property | | 1 | 850 Nostrand Avenue | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
27.04 | Property | | 1 | 758 Nostrand Avenue | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
27.05 | Property | | 1 | 804 Nostrand Avenue | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
27.06 | Property | | 1 | 752 Nostrand Avenue | 9/13/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 12/18/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 1/9/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 8/11/2023 | 8/14/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 11/10/2023 | 11/14/2023 | 7% | No | Fee | NAP | NAP | NAP | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 5/3/2023 | NAP | NAP | Yes - AH | Fee | NAP | NAP | NAP | NAP |
33 | Loan | 131, 132 | 1 | The Valencia | 1/2/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
34 | Loan | | 1 | Little Traverse Village | 11/17/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 8/17/2023 | 8/17/2023 | 14% | No | Fee | NAP | NAP | NAP | NAP |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 12/12/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | 11/21/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Monthly TI/LC Reserve ($) |
| | | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 420,005 | 105,001 | 11,373 | 5,686 | 0 | 11,183 | 0 | 0 | 0 |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 228,356 | 228,356 | 150,135 | 15,014 | 0 | 121,857 | 0 | 0 | 0 |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 168,641 | 24,092 | 56,745 | 11,349 | 0 | 2,648 | 0 | 3,000,000 | 10,592 |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 0 | Springing | 0 | Springing | 0 | Springing | 516,571 | 0 | 129,143 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 717,296 | 192,136 | 0 | Springing | 3,500,000 | 27,144 | 0 | 10,000,000 | Springing |
5.01 | Property | | 1 | Imperial Center | | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 437,500 | 87,500 | 356,769 | 178,384 | 0 | 210,556 | 0 | 0 | 0 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 0 | 156,984 | 0 | Springing | 0 | 12,020 | 0 | 8,244,758 | 72,117 |
8 | Loan | 9, 48 | 1 | Lexmark | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing |
9 | Loan | 49, 50 | 1 | The Duncan | 292,344 | 58,469 | 100,857 | 12,607 | 0 | 5,521 | 0 | 0 | 699 |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 0 | Springing | 0 | Springing | 0 | Springing | 896,819 | 0 | Springing |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 142,645 | 35,661 | 19,818 | 10,495 | 0 | 4% of Gross Revenue | 0 | 0 | 0 |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 0 | Springing | 0 | Springing | 0 | Springing | 497,950 | 4,580,787 | Springing |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 766,814 | 127,802 | 58,513 | 11,703 | 0 | 11,135 | 0 | 6,000,000 | Springing |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 196,714 | 39,343 | 0 | Springing | 0 | 3,698 | 0 | 1,500,000 | 17,361 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 0 | 22,151 | 0 | 10,917 | 0 | 992 | 23,800 | 0 | Springing |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 700,000 | Springing |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 53,580 | 37,795 | 0 | Springing | 0 | 13,799 | 0 | 0 | 0 |
17.01 | Property | | 1 | Gamecock Village | | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 0 | 66,303 | 83,034 | 10,379 | 0 | 3,817 | 0 | 750,000 | 19,087 |
19 | Loan | | 1 | Detroit Foundation Hotel | 50,732 | 25,366 | 0 | Springing | 0 | 52,848 | 0 | 0 | 0 |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 1,532,209 | 383,052 | 185,941 | 20,549 | 0 | 9,147 | 0 | 2,500,000 | Springing |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 11,334 | 4,054 | 66,500 | Springing | 0 | 4% of Gross Revenue | 0 | 0 | 0 |
22 | Loan | 100 | 1 | Texican Court | 118,763 | 39,588 | 0 | Springing | 0 | 33,336 | 0 | 0 | 0 |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 63,175 | 63,175 | 17,805 | 17,805 | 0 | 6,378 | 0 | 0 | 0 |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 0 | 22,907 | 0 | Springing | 0 | 1,985 | 0 | 600,000 | 4,007 |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 116,515 | 21,185 | 2,970 | 2,970 | 0 | 4,488 | 0 | 289,305 | 23,620 |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 97,744 | 16,291 | 0 | Springing | 0 | 5% of Gross Revenue | 0 | 0 | 0 |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 62,347 | 20,782 | 60,549 | 8,650 | 0 | 1,063 | 0 | 0 | 3,329 |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 64,721 | 21,574 | 8,200 | 8,200 | 182,185 | 0 | 0 | 90,000 | Springing |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 207,833 | 51,958 | 80,244 | 40,122 | 0 | 6,850 | 0 | 0 | 0 |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 0 | Springing | 0 | Springing | 4,948,000 | Springing | 0 | 0 | Springing |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 0 | 13,621 | 0 | Springing | 0 | 1,575 | 0 | 183,530 | 6,686 |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 0 | 117,194 | 132,172 | 44,057 | 0 | 4,806 | 0 | 2,000,000 | 0 |
33 | Loan | 131, 132 | 1 | The Valencia | 17,356 | 8,678 | 164,756 | 27,459 | 0 | 3,442 | 0 | 0 | 0 |
34 | Loan | | 1 | Little Traverse Village | 31,198 | 7,799 | 5,491 | 2,746 | 0 | 1,500 | 0 | 0 | 0 |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 530,919 | 132,730 | 92,115 | 9,211 | 0 | 5,936 | 0 | 500,000 | 53,428 |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 28,277 | 9,426 | 29,524 | 2,952 | 0 | 2,376 | 0 | 0 | 0 |
37 | Loan | | 1 | Anchor Bay Townhomes | 28,576 | 7,144 | 10,159 | 5,080 | 0 | 1,667 | 0 | 0 | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
| | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 0 | 0 | 0 | 0 | 623,732 | 0 | Springing |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 0 | 0 | 0 | 0 | 30,250 | 0 | Springing |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 0 | 0 | 0 | 0 | 9,375 | 4,639,855 | 4% of Gross Revenue |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 3,099,423 | 0 | 0 | 0 | 0 | 3,966,953 | 0 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 5,000,000 | 0 | 0 | 0 | 0 | 8,533,957 | 0 |
5.01 | Property | | 1 | Imperial Center | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 0 | 0 | 0 | 0 | 0 | 352,047 | 246,509 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 3,000,000 | 0 | 0 | 0 | 0 | 259,448 | 0 |
8 | Loan | 9, 48 | 1 | Lexmark | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
9 | Loan | 49, 50 | 1 | The Duncan | 25,152 | 0 | 0 | 0 | 0 | 0 | 0 |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 3,587,276 | 0 | 0 | 0 | 0 | 39,775,125 | 0 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 0 | 0 | 0 | 0 | 4,200 | 75,360 | Springing |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 1,991,800 | 0 | 0 | 0 | 0 | 403,197 | Springing |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 0 | 0 | 0 | 0 | 65,640 | 4,384,694 | 0 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 2,000,000 | 0 | 0 | 0 | 81,250 | 568,243 | 0 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 0 | 0 | 0 | 0 | 191,718 | 111,395 | 0 |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 0 | 0 | 0 | 0 | 53,220 | 1,000,000 | Springing |
17.01 | Property | | 1 | Gamecock Village | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 0 | 0 | 0 | 0 | 313,226 | 2,238,294 | 0 |
19 | Loan | | 1 | Detroit Foundation Hotel | 0 | 0 | 0 | 0 | 0 | 1,500,000 | 0 |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 2,500,000 | 0 | 0 | 0 | 7,920 | 0 | 0 |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 0 | 0 | 0 | 0 | 10,313 | 0 | Springing |
22 | Loan | 100 | 1 | Texican Court | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 0 | 0 | 0 | 0 | 299,046 | 250,000 | 0 |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 0 | 0 | 0 | 0 | 0 | 44,826 | 0 |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 637,740 | 0 | 0 | 0 | 12,500 | 0 | Springing |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 0 | 114,855 | 0 | 0 | 0 | 160,660 | Springing |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 0 | 0 | 0 | 0 | 26,250 | 0 | 0 |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 90,000 | 0 | 0 | 0 | 33,000 | 45,000 | 0 |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 0 | 0 | 0 | 0 | 0 | 500,000 | Springing |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 0 | 0 | 0 | 0 | 327,030 | 0 | 0 |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 0 | 0 | 0 | 0 | 0 | 129,475 | 25,745 |
33 | Loan | 131, 132 | 1 | The Valencia | 0 | 0 | 0 | 0 | 0 | 200,000 | 0 |
34 | Loan | | 1 | Little Traverse Village | 0 | 0 | 0 | 0 | 30,333 | 0 | 0 |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 0 | 0 | 0 | 0 | 0 | 1,308,459 | Springing |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 0 | 0 | 0 | 0 | 67,114 | 0 | 0 |
37 | Loan | | 1 | Anchor Bay Townhomes | 0 | 0 | 0 | 0 | 39,820 | 0 | 0 |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description |
| | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | Debt Service Coverage Ratio Cure Reserve |
1.01 | Property | | 1 | Prime Storage - New Windsor | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | |
1.05 | Property | | 1 | Prime Storage - Newburgh | |
1.06 | Property | | 1 | Prime Storage - Highland | |
1.07 | Property | | 1 | Prime Storage - Beacon | |
1.08 | Property | | 1 | Prime Storage - Chester | |
1.09 | Property | | 1 | Prime Storage - Fishkill | |
1.10 | Property | | 1 | Prime Storage - Warwick | |
1.11 | Property | | 1 | Prime Storage - Walden | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | |
1.13 | Property | | 1 | Prime Storage - Saugerties | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | PIP Reserve (Monthly: Springing), Seasonal Reserve (Monthly: Springing, Cap: $1,250,000) |
2.01 | Property | | 1 | Warwick Melrose | |
2.02 | Property | | 1 | Warwick Allerton | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | Upfront Specified TILC Reserve (Upfront: $3,337,052), Rent Replication Reserve (Upfront: $1,302,803), FF&E Reserve (Monthly: 4% of Gross Revenue), PIP Reserve (Monthly: Springing) |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | Existing TI/LC Reserve ($3,732,395.48), Gap Rent Reserve ($234,557.94) |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | Outstanding TI/LC Reserve ($4,751,515), Gap & Free Rent Reserve ($3,782,441.83) |
5.01 | Property | | 1 | Imperial Center | |
5.02 | Property | | 1 | Parkway Avalon | |
5.03 | Property | | 1 | Apex 190 | |
5.04 | Property | | 1 | Fairview | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | Ground Rent Reserve (Upfront: $352,047; Monthly: $176,023.50), PIP Reserve (Monthly: Springing), Put Price Reserve (Monthly: $70,485.24) |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | Free Rent Reserve |
8 | Loan | 9, 48 | 1 | Lexmark | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | Outstanding TI/LC ($30,769,199), Gap Rent Reserve ($9,005,926) |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | Seasonality Reserve (Upfront: $50,000; Monthly: $50,000; Cap: $200,000), Condominium Reserve (Upfront: $25,360; Monthly: Springing), Custodial Funds and Hotel Tax Reserve (Monthly: Springing), PIP Reserve (Monthly: Springing) |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | Gap Rent Reserve (Upfront: $403,197.39), Anchor Tenant Reserve (Monthly: Springing) |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | Free Rent Reserve ($1,331,881), Manhattan Associates Gap Rent ($2,727,102), Unfunded Obligations Reserve ($325,711.18) |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | Unfunded Obligations Reserve ($361,117), Free Rent Reserve ($207,126) |
15 | Loan | 82, 83 | 1 | Vernon Industrial | Unfunded Obligations Reserve |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | NAP |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | Initial Capital Expenditure Reserve (Upfront: $1,000,000), Lease Up Reserve (Monthly: Springing) |
17.01 | Property | | 1 | Gamecock Village | |
17.02 | Property | | 1 | Mustang Village | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | Outstanding TI/LC Reserve ($1,333,425.49), Free Rent Reserve ($766,898.89), Gap Rent Reserve ($137,969.25) |
19 | Loan | | 1 | Detroit Foundation Hotel | Property Renovation Reserve |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | NAP |
20.01 | Property | | 1 | 369 Lexington Avenue | |
20.02 | Property | | 1 | 2 West 46th Street | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | PIP Reserve |
22 | Loan | 100 | 1 | Texican Court | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | Unit Repair Reserve |
23.01 | Property | | 1 | Williamsburg Apartments | |
23.02 | Property | | 1 | Western Oaks Apartments | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | Rent Replication Reserve |
25 | Loan | 107, 108 | 1 | City Center @ Penn | Baker Hill Renewal Reserve |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | Seasonal Working Capital Reserve (Upfront: $112,000; Monthly: Springing; Cap: $832,000), Ground Rent Reserve (Upfront: $48,660; Monthly: Springing), PIP Reserve (Monthly: Springing) |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | NAP |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | |
27.02 | Property | | 1 | 820 Nostrand Avenue | |
27.03 | Property | | 1 | 850 Nostrand Avenue | |
27.04 | Property | | 1 | 758 Nostrand Avenue | |
27.05 | Property | | 1 | 804 Nostrand Avenue | |
27.06 | Property | | 1 | 752 Nostrand Avenue | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | Rent Reserve |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | Required Upgrade Reserve |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | Outstanding TI Reserve (Upfront: $120,550), Free Rent Reserve (Upfront: $8,925), AutoNation Rollover Reserve (Monthly: $25,744.50), AutoNation Renewal Reserve (Monthly: Springing, Cap: $3,028,848) |
33 | Loan | 131, 132 | 1 | The Valencia | Kitchenette Conversion Reserve |
34 | Loan | | 1 | Little Traverse Village | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | BRG Free Rent Reserve (Upfront: $162,500), Simmons Bank Free Rent Reserve (Upfront: $917,040; Monthly: Springing), Outstanding TI/LC Reserve (Upfront: $228,919) |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 0 | 0 | NAP | Soft | Springing | Yes | No | Yes | Yes | 80,000,000 |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 1,250,000 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 65,000,000 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 65,000,000 |
5.01 | Property | | 1 | Imperial Center | | | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | Yes | 53,000,000 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 50,000,000 |
8 | Loan | 9, 48 | 1 | Lexmark | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 50,000,000 |
9 | Loan | 49, 50 | 1 | The Duncan | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 42,920,000 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 200,000 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 40,000,000 |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 35,000,000 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 25,875,000 |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
17.01 | Property | | 1 | Gamecock Village | | | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
19 | Loan | | 1 | Detroit Foundation Hotel | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 21,725,000 |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 20,000,000 |
22 | Loan | 100 | 1 | Texican Court | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 832,000 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 0 | 0 | NAP | Springing | Springing | Yes | No | Yes | No | 10,000,000 |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 10,000,000 |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 3,028,848 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 7,100,000 |
33 | Loan | 131, 132 | 1 | The Valencia | 0 | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP |
34 | Loan | | 1 | Little Traverse Village | 0 | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | No | 5,000,000 |
36 | Loan | 139 | 1 | Carriage Hills Apartments | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | 0 | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP |
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 (%) |
| | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 57,500,000 | 302,666.96 | 723,768.81 | NAP | NAP | 137,500,000 | 723,768.81 | 62.6% |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 195,000,000 | 1,033,190.80 | 1,377,587.73 | NAP | NAP | 260,000,000 | 1,377,587.73 | 45.5% |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 43,000,000 | 267,541.62 | 671,965.00 | NAP | NAP | 108,000,000 | 671,965.00 | 55.2% |
5.01 | Property | | 1 | Imperial Center | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 50,000,000 | 341,766.67 | 704,039.35 | NAP | NAP | 103,000,000 | 704,039.35 | 50.0% |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 15,000,000 | 93,581.95 | 405,521.76 | NAP | NAP | 65,000,000 | 405,521.76 | 47.8% |
8 | Loan | 9, 48 | 1 | Lexmark | 32,500,000 | 204,298.61 | 518,604.17 | NAP | NAP | 82,500,000 | 518,604.17 | 62.0% |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 667,080,000 | 3,720,235.67 | 3,959,596.04 | NAP | NAP | 710,000,000 | 3,959,596.04 | 39.4% |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 160,000,000 | 1,018,485.18 | 1,273,106.48 | NAP | NAP | 200,000,000 | 1,273,106.48 | 42.8% |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 30,000,000 | 202,270.83 | 438,253.47 | NAP | NAP | 65,000,000 | 438,253.47 | 57.5% |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 31,625,000 | 164,997.22 | 299,994.94 | NAP | NAP | 57,500,000 | 299,994.94 | 61.1% |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | | 1 | Gamecock Village | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | | 1 | Detroit Foundation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 79,725,000 | 536,187.54 | 682,298.22 | NAP | NAP | 101,450,000 | 682,298.22 | 59.3% |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 65,000,000 | 410,793.98 | 537,192.13 | NAP | NAP | 85,000,000 | 537,192.13 | 58.6% |
22 | Loan | 100 | 1 | Texican Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 38,000,000 | 184,708.59 | 233,316.11 | NAP | NAP | 48,000,000 | 233,316.11 | 72.8% |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 19,585,518 | 110,391.37 | 166,755.14 | NAP | NAP | 29,585,518 | 166,755.14 | 64.7% |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 47,900,000 | 333,886.29 | 383,376.74 | NAP | NAP | 55,000,000 | 383,376.74 | 53.7% |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | | 1 | Little Traverse Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 47,000,000 | 298,346.10 | 330,085.05 | NAP | NAP | 52,000,000 | 330,085.05 | 64.1% |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) |
| | | | | 4 | | | | | | | 4 | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 1.40 | 8.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
2.01 | Property | | 1 | Warwick Melrose | | | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 2.19 | 14.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 1.91 | 15.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
5.01 | Property | | 1 | Imperial Center | | | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | | | | | | | | | | |
5.04 | Property | | 1 | Fairview | | | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 2.38 | 22.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 2.12 | 17.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
8 | Loan | 9, 48 | 1 | Lexmark | 1.97 | 16.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 2.00 | 13.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 2.09 | 16.5% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 1.69 | 13.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
15 | Loan | 82, 83 | 1 | Vernon Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | 1.61 | 10.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
17.01 | Property | | 1 | Gamecock Village | | | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | | | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
19 | Loan | | 1 | Detroit Foundation Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | 1.30 | 11.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 1.78 | 14.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
22 | Loan | 100 | 1 | Texican Court | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
23.01 | Property | | 1 | Williamsburg Apartments | | | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
25 | Loan | 107, 108 | 1 | City Center @ Penn | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | 1.43 | 8.5% | 11,500,000 | 12.50000% | 59,500,000 | 354,771.55 | 90.3% | 0.94 | 6.9% | No |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | 1.79 | 12.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | 1.33 | 11.7% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
34 | Loan | | 1 | Little Traverse Village | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | 1.56 | 13.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Future Debt Permitted Type |
| | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | NAP |
1.01 | Property | | 1 | Prime Storage - New Windsor | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | |
1.05 | Property | | 1 | Prime Storage - Newburgh | |
1.06 | Property | | 1 | Prime Storage - Highland | |
1.07 | Property | | 1 | Prime Storage - Beacon | |
1.08 | Property | | 1 | Prime Storage - Chester | |
1.09 | Property | | 1 | Prime Storage - Fishkill | |
1.10 | Property | | 1 | Prime Storage - Warwick | |
1.11 | Property | | 1 | Prime Storage - Walden | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | |
1.13 | Property | | 1 | Prime Storage - Saugerties | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | NAP |
2.01 | Property | | 1 | Warwick Melrose | |
2.02 | Property | | 1 | Warwick Allerton | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | NAP |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | NAP |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | NAP |
5.01 | Property | | 1 | Imperial Center | |
5.02 | Property | | 1 | Parkway Avalon | |
5.03 | Property | | 1 | Apex 190 | |
5.04 | Property | | 1 | Fairview | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | NAP |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | NAP |
8 | Loan | 9, 48 | 1 | Lexmark | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | NAP |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | NAP |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | NAP |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | NAP |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | NAP |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | NAP |
17.01 | Property | | 1 | Gamecock Village | |
17.02 | Property | | 1 | Mustang Village | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | Mezzanine (Max Combined LTV of 65.0%; Min Combined Debt Yield of 12.3%; Min Combined DSCR of 1.35x; Intercreditor Agreement is required) |
19 | Loan | | 1 | Detroit Foundation Hotel | Mezzanine (Max Combined LTV of 54.8%; Min Combined Debt Yield of 15.61%; Min Combined DSCR of 1.76x; Intercreditor Agreement is required) |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | NAP |
20.01 | Property | | 1 | 369 Lexington Avenue | |
20.02 | Property | | 1 | 2 West 46th Street | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | NAP |
22 | Loan | 100 | 1 | Texican Court | NAP |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | NAP |
23.01 | Property | | 1 | Williamsburg Apartments | |
23.02 | Property | | 1 | Western Oaks Apartments | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | NAP |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | NAP |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | |
27.02 | Property | | 1 | 820 Nostrand Avenue | |
27.03 | Property | | 1 | 850 Nostrand Avenue | |
27.04 | Property | | 1 | 758 Nostrand Avenue | |
27.05 | Property | | 1 | 804 Nostrand Avenue | |
27.06 | Property | | 1 | 752 Nostrand Avenue | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | NAP |
33 | Loan | 131, 132 | 1 | The Valencia | NAP |
34 | Loan | | 1 | Little Traverse Village | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | NAP |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor |
| | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | Robert Moser |
1.01 | Property | | 1 | Prime Storage - New Windsor | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | |
1.05 | Property | | 1 | Prime Storage - Newburgh | |
1.06 | Property | | 1 | Prime Storage - Highland | |
1.07 | Property | | 1 | Prime Storage - Beacon | |
1.08 | Property | | 1 | Prime Storage - Chester | |
1.09 | Property | | 1 | Prime Storage - Fishkill | |
1.10 | Property | | 1 | Prime Storage - Warwick | |
1.11 | Property | | 1 | Prime Storage - Walden | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | |
1.13 | Property | | 1 | Prime Storage - Saugerties | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | Warwick Amusements Corporation |
2.01 | Property | | 1 | Warwick Melrose | |
2.02 | Property | | 1 | Warwick Allerton | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | Juan Wu |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | Admiral 2R Management LLC |
5.01 | Property | | 1 | Imperial Center | |
5.02 | Property | | 1 | Parkway Avalon | |
5.03 | Property | | 1 | Apex 190 | |
5.04 | Property | | 1 | Fairview | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | Joseph Cayre, Giuseppe Cipriani, Henry Hay and Harlan Berger |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | Teachers' Retirement System of the State of Illinois |
8 | Loan | 9, 48 | 1 | Lexmark | Richard A. Bennett III |
9 | Loan | 49, 50 | 1 | The Duncan | William Murphy, Alexander Samoylovich and Mark Heffron |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | The Macerich Partnership, L.P. and Alaska Permanent Fund Corporation |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | Dezhu Investment LLC, Haifeng Liu and Xin Xue |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | BPR Nimbus LLC |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | Vision Properties & Quarry Capital |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | Monday Properties Holdings, LLC |
15 | Loan | 82, 83 | 1 | Vernon Industrial | Shahin Shawn Zackary, Abraham Zakaria, Jacob Zackary and Shahram Morad Zackary |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | Goldman Sachs Asset Management, L.P. |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | Calidus Holdings, LLC |
17.01 | Property | | 1 | Gamecock Village | |
17.02 | Property | | 1 | Mustang Village | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | Ephraim Hasenfeld |
19 | Loan | | 1 | Detroit Foundation Hotel | Mario M. Tricoci |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | Faraj Srour and Joseph Stavrach |
20.01 | Property | | 1 | 369 Lexington Avenue | |
20.02 | Property | | 1 | 2 West 46th Street | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | LAM Group |
22 | Loan | 100 | 1 | Texican Court | Doyle A. Graham, Jr. |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | Benjamin Mehrel |
23.01 | Property | | 1 | Williamsburg Apartments | |
23.02 | Property | | 1 | Western Oaks Apartments | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | Sean Hashem and Fareed Kanani |
25 | Loan | 107, 108 | 1 | City Center @ Penn | Yaakov Leiser and Alexander Scharf |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | William J. Lawson |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | David C. Bowen |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | |
27.02 | Property | | 1 | 820 Nostrand Avenue | |
27.03 | Property | | 1 | 850 Nostrand Avenue | |
27.04 | Property | | 1 | 758 Nostrand Avenue | |
27.05 | Property | | 1 | 804 Nostrand Avenue | |
27.06 | Property | | 1 | 752 Nostrand Avenue | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | Avrohom Schlaff |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | Ben Beitel |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | Blue Owl Capital Inc. |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | Mark VII Enterprises, Inc. |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | Stiles Properties and Investments, Ltd. |
33 | Loan | 131, 132 | 1 | The Valencia | Eric P. Meister |
34 | Loan | | 1 | Little Traverse Village | Frank T. Sinito |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | David Long and Peggy Long |
36 | Loan | 139 | 1 | Carriage Hills Apartments | Yerachmeal Jacobson and Marc Jacobowitz |
37 | Loan | | 1 | Anchor Bay Townhomes | Frank T. Sinito |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose |
| | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | Robert Moser | No | No | Acquisition |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | Warwick Amusements Corporation | No | No | Refinance |
2.01 | Property | | 1 | Warwick Melrose | | | | |
2.02 | Property | | 1 | Warwick Allerton | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | Juan Wu and JJW GST Irrevocable Trust Under Agreement Dated August 29, 2018 | No | No | Refinance |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | GGP-TRS L.L.C. | No | No | Refinance |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | A2R Founders Legacy LLC, Admiral 2R Management LLC, A2R Real Estate Fund II LP, VPF Preferred JV LLC and Prime Finance Special Situations 2020 Fund, L.P. | No | No | Recapitalization |
5.01 | Property | | 1 | Imperial Center | | | | |
5.02 | Property | | 1 | Parkway Avalon | | | | |
5.03 | Property | | 1 | Apex 190 | | | | |
5.04 | Property | | 1 | Fairview | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | Joseph Cayre, Giuseppe Cipriani, Henry Hay and Harlan Berger | No | No | Refinance |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | NAP | No | No | Refinance |
8 | Loan | 9, 48 | 1 | Lexmark | Richard A. Bennett III | No | No | Recapitalization |
9 | Loan | 49, 50 | 1 | The Duncan | William Murphy, Alexander Samoylovich and Mark Heffron | No | No | Refinance |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | The Macerich Partnership, L.P. | No | No | Refinance |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | Dezhu Investment LLC, Haifeng Liu and Xin Xue | No | No | Refinance |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | BPR Nimbus LLC | No | No | Refinance |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | DT Grat CS, LLC | No | No | Refinance |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | Monday Properties Holdings, LLC | No | No | Refinance |
15 | Loan | 82, 83 | 1 | Vernon Industrial | Shahin Shawn Zackary, Abraham Zakaria, Jacob Zackary and Shahram Morad Zackary | No | No | Refinance |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | NAP | No | No | Refinance |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | Jonathan Cameron-Hayes and Benjamin MacFarland III | No | No | Refinance |
17.01 | Property | | 1 | Gamecock Village | | | | |
17.02 | Property | | 1 | Mustang Village | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | Ephraim Hasenfeld | No | No | Refinance |
19 | Loan | | 1 | Detroit Foundation Hotel | Mario M. Tricoci | No | No | Refinance |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | Joseph Stavrach and Faraj Srour | No | Yes | Refinance |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | |
20.02 | Property | | 1 | 2 West 46th Street | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | Kin Chung Lam (a/k/a John Lam), Keith Lam, Cindy Luk (a/k/a Cindy Lam), Yuk Jin Lam (a/k/a Shirley Lam) and Suey Jin Lam Tang (a/k/a Jeannie Tang) | No | No | Refinance |
22 | Loan | 100 | 1 | Texican Court | Doyle A. Graham, Jr. | No | No | Refinance |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | Benjamin Mehrel | No | No | Refinance |
23.01 | Property | | 1 | Williamsburg Apartments | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | Sean Hashem and Fareed Kanani | No | No | Refinance |
25 | Loan | 107, 108 | 1 | City Center @ Penn | Yaakov Leiser and Alexander Scharf | No | No | Refinance |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | William J. Lawson | No | No | Refinance |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | David C. Bowen | No | No | Refinance |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | Avrohom Schlaff | No | No | Refinance |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | Ben Beitel | No | Yes | Recapitalization |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | Blue Owl Real Estate Fund VI LP, Blue Owl Real Estate Fund VI (A) LP and Blue Owl Real Estate Fund VI (B) LP | No | No | Acquisition |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | Mark VII Enterprises, Inc. | No | Yes | Refinance |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | Stiles Properties and Investments, Ltd. | No | No | Refinance |
33 | Loan | 131, 132 | 1 | The Valencia | Eric P. Meister | No | No | Refinance |
34 | Loan | | 1 | Little Traverse Village | Frank T. Sinito | No | No | Refinance |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | David Long and Peggy Long | No | No | Refinance |
36 | Loan | 139 | 1 | Carriage Hills Apartments | Yerachmeal Jacobson and Marc Jacobowitz | No | No | Refinance |
37 | Loan | | 1 | Anchor Bay Townhomes | Frank T. Sinito | No | No | Refinance |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Uses: Reserves ($) |
| | | | | 7 | | 8 | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | | 137,500,000 | 90,488,519 | 0 | 748,859 | 228,737,378 | 0 | 213,000,000 | 14,564,143 | 1,173,236 |
1.01 | Property | | 1 | Prime Storage - New Windsor | No | | | | | | | | | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | No | | | | | | | | | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | No | | | | | | | | | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | No | | | | | | | | | |
1.05 | Property | | 1 | Prime Storage - Newburgh | No | | | | | | | | | |
1.06 | Property | | 1 | Prime Storage - Highland | No | | | | | | | | | |
1.07 | Property | | 1 | Prime Storage - Beacon | No | | | | | | | | | |
1.08 | Property | | 1 | Prime Storage - Chester | No | | | | | | | | | |
1.09 | Property | | 1 | Prime Storage - Fishkill | No | | | | | | | | | |
1.10 | Property | | 1 | Prime Storage - Warwick | No | | | | | | | | | |
1.11 | Property | | 1 | Prime Storage - Walden | No | | | | | | | | | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | No | | | | | | | | | |
1.13 | Property | | 1 | Prime Storage - Saugerties | No | | | | | | | | | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | No | | | | | | | | | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | | 78,000,000 | 22,352,173 | 0 | 0 | 100,352,173 | 97,676,588 | 0 | 2,266,844 | 408,742 |
2.01 | Property | | 1 | Warwick Melrose | No | | | | | | | | | |
2.02 | Property | | 1 | Warwick Allerton | No | | | | | | | | | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | No | 71,500,000 | 5,623,335 | 0 | 0 | 77,123,335 | 64,186,601 | 0 | 5,062,118 | 7,874,616 |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | No | 260,000,000 | 0 | 0 | 0 | 260,000,000 | 211,601,763 | 0 | 3,205,539 | 3,966,953 |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | | 108,000,000 | 66,537,811 | 0 | 0 | 174,537,811 | 143,733,229 | 0 | 8,053,330 | 22,751,253 |
5.01 | Property | | 1 | Imperial Center | No | | | | | | | | | |
5.02 | Property | | 1 | Parkway Avalon | No | | | | | | | | | |
5.03 | Property | | 1 | Apex 190 | No | | | | | | | | | |
5.04 | Property | | 1 | Fairview | No | | | | | | | | | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | No | 103,000,000 | 0 | 0 | 0 | 103,000,000 | 95,886,422 | 0 | 3,255,926 | 1,146,316 |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | No | 65,000,000 | 17,153,752 | 0 | 0 | 82,153,752 | 71,829,507 | 0 | 1,820,039 | 8,504,206 |
8 | Loan | 9, 48 | 1 | Lexmark | No | 82,500,000 | 0 | 0 | 0 | 82,500,000 | 0 | 0 | 1,682,256 | 0 |
9 | Loan | 49, 50 | 1 | The Duncan | No | 44,000,000 | 10,432,226 | 0 | 0 | 54,432,226 | 51,449,190 | 0 | 2,589,834 | 393,201 |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | No | 710,000,000 | 0 | 0 | 0 | 710,000,000 | 666,692,845 | 0 | 3,532,030 | 39,775,125 |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | No | 42,000,000 | 0 | 0 | 0 | 42,000,000 | 40,914,147 | 0 | 751,333 | 242,022 |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | No | 200,000,000 | 11,179,744 | 0 | 0 | 211,179,744 | 204,429,707 | 0 | 1,766,053 | 4,983,984 |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | No | 65,000,000 | 21,013,530 | 0 | 0 | 86,013,530 | 59,773,946 | 0 | 1,889,017 | 11,275,662 |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | No | 32,535,000 | 4,022,924 | 0 | 0 | 36,557,924 | 32,826,172 | 0 | 1,385,545 | 2,346,207 |
15 | Loan | 82, 83 | 1 | Vernon Industrial | No | 27,500,000 | 465,931 | 0 | 0 | 27,965,931 | 26,682,317 | 0 | 980,501 | 303,113 |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | No | | | | | | | | | |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | | | | | | | | | | |
17.01 | Property | | 1 | Gamecock Village | No | | | | | | | | | |
17.02 | Property | | 1 | Mustang Village | No | | | | | | | | | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | No | | | | | | | | | |
19 | Loan | | 1 | Detroit Foundation Hotel | No | | | | | | | | | |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | | | | | | | | | | |
20.01 | Property | | 1 | 369 Lexington Avenue | No | | | | | | | | | |
20.02 | Property | | 1 | 2 West 46th Street | No | | | | | | | | | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | No | | | | | | | | | |
22 | Loan | 100 | 1 | Texican Court | No | | | | | | | | | |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | | | | | | | | | | |
23.01 | Property | | 1 | Williamsburg Apartments | No | | | | | | | | | |
23.02 | Property | | 1 | Western Oaks Apartments | No | | | | | | | | | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | No | | | | | | | | | |
25 | Loan | 107, 108 | 1 | City Center @ Penn | No | | | | | | | | | |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | No | | | | | | | | | |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | | | | | | | | | | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | No | | | | | | | | | |
27.02 | Property | | 1 | 820 Nostrand Avenue | No | | | | | | | | | |
27.03 | Property | | 1 | 850 Nostrand Avenue | No | | | | | | | | | |
27.04 | Property | | 1 | 758 Nostrand Avenue | No | | | | | | | | | |
27.05 | Property | | 1 | 804 Nostrand Avenue | No | | | | | | | | | |
27.06 | Property | | 1 | 752 Nostrand Avenue | No | | | | | | | | | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | No | | | | | | | | | |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | No | | | | | | | | | |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | No | | | | | | | | | |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | No | | | | | | | | | |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | No | | | | | | | | | |
33 | Loan | 131, 132 | 1 | The Valencia | No | | | | | | | | | |
34 | Loan | | 1 | Little Traverse Village | No | | | | | | | | | |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | No | | | | | | | | | |
36 | Loan | 139 | 1 | Carriage Hills Apartments | No | | | | | | | | | |
37 | Loan | | 1 | Anchor Bay Townhomes | No | | | | | | | | | |
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 (%) |
| | | | | | | | | | | | | | |
1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | 0 | 0 | 228,737,378 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.01 | Property | | 1 | Prime Storage - New Windsor | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.04 | Property | | 1 | Prime Storage - Hyde Park | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.05 | Property | | 1 | Prime Storage - Newburgh | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.06 | Property | | 1 | Prime Storage - Highland | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.07 | Property | | 1 | Prime Storage - Beacon | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.08 | Property | | 1 | Prime Storage - Chester | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.09 | Property | | 1 | Prime Storage - Fishkill | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.10 | Property | | 1 | Prime Storage - Warwick | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.11 | Property | | 1 | Prime Storage - Walden | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.13 | Property | | 1 | Prime Storage - Saugerties | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 0 | 0 | 100,352,173 | NAP | 162.17 | 113.92 | 70.2% | 162.17 | 113.92 | 70.2% |
2.01 | Property | | 1 | Warwick Melrose | | | | NAP | 219.01 | 164.71 | 75.2% | 219.01 | 164.71 | 75.2% |
2.02 | Property | | 1 | Warwick Allerton | | | | NAP | 135.89 | 92.63 | 68.2% | 135.89 | 92.63 | 68.2% |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 0 | 0 | 77,123,335 | 1/20/2047 | 176.34 | 116.26 | 65.9% | 176.34 | 116.26 | 65.9% |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | 41,225,744 | 0 | 260,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | 0 | 0 | 174,537,811 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | | 1 | Imperial Center | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.02 | Property | | 1 | Parkway Avalon | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.03 | Property | | 1 | Apex 190 | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.04 | Property | | 1 | Fairview | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 2,711,336 | 0 | 103,000,000 | NAP | 1,365.46 | 887.57 | 65.0% | 1,365.46 | 887.57 | 65.0% |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | 0 | 0 | 82,153,752 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 9, 48 | 1 | Lexmark | 80,817,744 | 0 | 82,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 49, 50 | 1 | The Duncan | 0 | 0 | 54,432,226 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | 0 | 0 | 710,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 92,498 | 0 | 42,000,000 | 12/31/2040 | 204.74 | 141.35 | 69.0% | 204.74 | 141.35 | 69.0% |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | 0 | 0 | 211,179,744 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | 0 | 13,074,906 | 86,013,530 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | 0 | 0 | 36,557,924 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 82, 83 | 1 | Vernon Industrial | 0 | 0 | 27,965,931 | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | | 1 | Gamecock Village | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.02 | Property | | 1 | Mustang Village | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | | 1 | Detroit Foundation Hotel | | | | NAP | 341.77 | 230.49 | 67.4% | 341.77 | 230.49 | 67.4% |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.01 | Property | | 1 | 369 Lexington Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.02 | Property | | 1 | 2 West 46th Street | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | | | | 5/20/2036 | 221.35 | 198.53 | 89.7% | 221.35 | 198.53 | 89.7% |
22 | Loan | 100 | 1 | Texican Court | | | | NAP | 171.04 | 113.57 | 66.4% | 171.04 | 113.57 | 66.4% |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | | 1 | Williamsburg Apartments | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.02 | Property | | 1 | Western Oaks Apartments | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 107, 108 | 1 | City Center @ Penn | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | | | | 7/21/2029 | 168.08 | 125.05 | 74.4% | 168.08 | 125.05 | 74.4% |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.02 | Property | | 1 | 820 Nostrand Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.03 | Property | | 1 | 850 Nostrand Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.04 | Property | | 1 | 758 Nostrand Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.05 | Property | | 1 | 804 Nostrand Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27.06 | Property | | 1 | 752 Nostrand Avenue | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 131, 132 | 1 | The Valencia | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | | 1 | Little Traverse Village | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 139 | 1 | Carriage Hills Apartments | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | | 1 | Anchor Bay Townhomes | | | | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) | |
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1 | Loan | 9, 10, 11 | 14 | Prime Storage - Hudson Valley Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | |
1.01 | Property | | 1 | Prime Storage - New Windsor | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | | 1 | Prime Storage - Wappingers Falls Rt 376 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.03 | Property | | 1 | Prime Storage - Wappingers Falls Rt 9 | NAP | NAP | NAP | NAP | NAP | NAP | |
1.04 | Property | | 1 | Prime Storage - Hyde Park | NAP | NAP | NAP | NAP | NAP | NAP | |
1.05 | Property | | 1 | Prime Storage - Newburgh | NAP | NAP | NAP | NAP | NAP | NAP | |
1.06 | Property | | 1 | Prime Storage - Highland | NAP | NAP | NAP | NAP | NAP | NAP | |
1.07 | Property | | 1 | Prime Storage - Beacon | NAP | NAP | NAP | NAP | NAP | NAP | |
1.08 | Property | | 1 | Prime Storage - Chester | NAP | NAP | NAP | NAP | NAP | NAP | |
1.09 | Property | | 1 | Prime Storage - Fishkill | NAP | NAP | NAP | NAP | NAP | NAP | |
1.10 | Property | | 1 | Prime Storage - Warwick | NAP | NAP | NAP | NAP | NAP | NAP | |
1.11 | Property | | 1 | Prime Storage - Walden | NAP | NAP | NAP | NAP | NAP | NAP | |
1.12 | Property | | 1 | Prime Storage - Poughkeepsie | NAP | NAP | NAP | NAP | NAP | NAP | |
1.13 | Property | | 1 | Prime Storage - Saugerties | NAP | NAP | NAP | NAP | NAP | NAP | |
1.14 | Property | | 1 | Prime Storage - Pleasant Valley | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 12, 13, 14 | 2 | Warwick Melrose & Allerton | 162.14 | 113.67 | 70.1% | 132.76 | 63.14 | 47.6% | |
2.01 | Property | | 1 | Warwick Melrose | 202.61 | 153.48 | 75.7% | 143.78 | 98.16 | 68.3% | |
2.02 | Property | | 1 | Warwick Allerton | 143.17 | 96.99 | 67.7% | 124.65 | 48.47 | 38.9% | |
3 | Loan | 15, 16, 17, 18, 19, 20 | 1 | Panorama Tower | 175.18 | 114.73 | 65.5% | 163.20 | 77.72 | 47.6% | |
4 | Loan | 9, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30 | 1 | Kenwood Towne Centre | NAP | NAP | NAP | NAP | NAP | NAP | |
5 | Loan | 9, 31, 32, 33 | 4 | Vero Office Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | |
5.01 | Property | | 1 | Imperial Center | NAP | NAP | NAP | NAP | NAP | NAP | |
5.02 | Property | | 1 | Parkway Avalon | NAP | NAP | NAP | NAP | NAP | NAP | |
5.03 | Property | | 1 | Apex 190 | NAP | NAP | NAP | NAP | NAP | NAP | |
5.04 | Property | | 1 | Fairview | NAP | NAP | NAP | NAP | NAP | NAP | |
6 | Loan | 9, 34, 35, 36, 37, 38, 39, 40 | 1 | Casa Cipriani | 1,379.90 | 796.65 | 57.7% | 1,684.05 | 483.95 | 28.7% | |
7 | Loan | 9, 41, 42, 43, 44, 45, 46, 47 | 1 | Wateridge | NAP | NAP | NAP | NAP | NAP | NAP | |
8 | Loan | 9, 48 | 1 | Lexmark | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 49, 50 | 1 | The Duncan | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 9, 51, 52, 53, 54, 55, 56, 57, 58 | 1 | Tysons Corner Center | NAP | NAP | NAP | NAP | NAP | NAP | |
11 | Loan | 59, 60, 61, 62, 63 | 1 | Reverb by Hard Rock Hotel | 205.10 | 116.60 | 56.9% | 174.82 | 77.17 | 44.1% | |
12 | Loan | 9, 64, 65, 66, 67, 68, 69 | 1 | Staten Island Mall | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 9, 70, 71, 72, 73, 74, 75, 76, 77, 78 | 1 | Wildwood Center | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 79, 80, 81 | 1 | Shirlington Gateway | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 82, 83 | 1 | Vernon Industrial | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 9, 84, 85, 86, 87 | 1 | Timber Creek Crossing | NAP | NAP | NAP | NAP | NAP | NAP | |
17 | Loan | 88, 89 | 2 | Sunbelt Student Housing Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | |
17.01 | Property | | 1 | Gamecock Village | NAP | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | | 1 | Mustang Village | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 90, 91 | 1 | 300 Tice Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | |
19 | Loan | | 1 | Detroit Foundation Hotel | 319.68 | 203.77 | 63.7% | 273.75 | 117.47 | 42.9% | |
20 | Loan | 9, 92, 93, 94, 95, 96 | 2 | 369 Lexington Avenue & 2 West 46th Street | NAP | NAP | NAP | NAP | NAP | NAP | |
20.01 | Property | | 1 | 369 Lexington Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
20.02 | Property | | 1 | 2 West 46th Street | NAP | NAP | NAP | NAP | NAP | NAP | |
21 | Loan | 9, 97, 98, 99 | 1 | Sheraton Hotel Brooklyn | 203.43 | 176.16 | 86.6% | 198.44 | 165.77 | 83.5% | |
22 | Loan | 100 | 1 | Texican Court | 170.65 | 112.85 | 66.1% | 164.41 | 96.42 | 58.6% | |
23 | Loan | 101, 102 | 2 | Williamsburg & Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |
23.01 | Property | | 1 | Williamsburg Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |
23.02 | Property | | 1 | Western Oaks Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 103, 104, 105, 106 | 1 | Star News | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 107, 108 | 1 | City Center @ Penn | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 109, 110, 111, 112 | 1 | Crowne Plaza Anchorage | 153.38 | 119.76 | 78.1% | 135.16 | 98.21 | 72.7% | |
27 | Loan | 113, 114 | 6 | Nostrand Avenue Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | |
27.01 | Property | | 1 | 738-742 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
27.02 | Property | | 1 | 820 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
27.03 | Property | | 1 | 850 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
27.04 | Property | | 1 | 758 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
27.05 | Property | | 1 | 804 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
27.06 | Property | | 1 | 752 Nostrand Avenue | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 115, 116 | 1 | 8555 Tonnelle | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 9, 117, 118, 119, 120 | 1 | Coastline Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 9, 121, 122, 123 | 1 | Syngenta Woodland | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 124, 125 | 1 | Santa Maria Commerce | NAP | NAP | NAP | NAP | NAP | NAP | |
32 | Loan | 9, 126, 127, 128, 129, 130 | 1 | AutoNation | NAP | NAP | NAP | NAP | NAP | NAP | |
33 | Loan | 131, 132 | 1 | The Valencia | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | | 1 | Little Traverse Village | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 9, 133, 134, 135, 136, 137, 138 | 1 | Crescent Center | NAP | NAP | NAP | NAP | NAP | NAP | |
36 | Loan | 139 | 1 | Carriage Hills Apartments | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | | 1 | Anchor Bay Townhomes | NAP | NAP | NAP | NAP | NAP | NAP | |
Footnotes to Annex A-1 |
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(1) | The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
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(2) | The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
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(3) | The open period is inclusive of the Maturity Date or Anticipated Repayment Date. |
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(4) | Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans). |
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(5) | Leased Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
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(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. |
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(7) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. |
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(8) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
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(9) | The Mortgage Loan is part of a Whole Loan structure. Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan Per Unit ($) calculations are based on the Mortgage Loan and any related Pari Passu Companion Loans, if applicable, but exclude any related Subordinate Companion Loans. |
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(10) | The lockout period will be at least 24 payment dates beginning with and including the first payment date on April 6, 2024. Defeasance of the Prime Storage - Hudson Valley Portfolio Whole Loan in full or in part is permitted at any time after the earlier to occur of (i) February 27, 2028 or (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the expected Benchmark 2024-V6 securitization closing date in March 2024. The actual lockout period may be longer. |
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(11) | The borrower may obtain the release of any of the individual Prime Storage - Hudson Valley Portfolio properties as described in this prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases". |
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(12) | The borrower is required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as hereinafter defined) and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of four percent (4%) of the greater of (a) the annual gross revenues for the hotel related operations at the applicable individual Mortgaged Property for the immediately preceding calendar year as reasonably determined by the lender and (b) the projected annual gross revenues for the hotel related operations at the applicable individual Mortgaged Property for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget, or where no approved annual budget exists as of the date |
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| of determination, the amount of the FF&E Payment will be determined by the lender in its reasonable discretion. The initial FF&E Payment was determined to be approximately $121,857. |
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(13) | The borrower may obtain the release of any of the individual Warwick Melrose & Allerton properties as described in this prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases". |
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(14) | On each monthly payment date occurring on and after the occurrence of a trigger period, the borrower is required to deposit into a seasonal reserve (“Seasonal Reserve”), an amount equal to 50% of the excess cash flow generated by the applicable individual Warwick Melrose & Allerton Mortgaged Property for the immediately preceding interest accrual period, for the purpose of creating a reserve for shortfalls during seasonal periods when the gross revenue of the applicable Warwick Melrose & Allerton Mortgaged Property may be reduced. Notwithstanding the foregoing, any amounts that would be deposited by the borrower into the Seasonal Reserve that would cause the funds then on deposit in such account to exceed $1,250,000 must instead be deposited into the excess cash flow account. |
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(15) | The Mortgaged Property is comprised of a 186-room AC Marriott Hotel that occupies the lobby level through the 7th floor totaling 149,711 square feet along with office space and a rooftop restaurant totaling 127,100 SF. In aggregate, the property is 276,811 square feet. |
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(16) | Each of the following tenants is an affiliate of the borrower: (i) Panorama Holdings (ii) Hestia Hospitality and (iii) Panorama Event Space LLC. |
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(17) | Most Recent ADR ($), Most Recent RevPAR ($), and Most Recent Hotel Occupancy (%) represent the T11 actual financials plus the STR room revenue as of January 2024 plus the January 2024 budget for other income and expenses. |
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(18) | The Largest Tenant, Tribridge Developments, LLC, is not yet in occupancy or paying rent. Tribridge Developments, LLC is expected to open in November 2024 in 30,033 square feet and pay a gross rent of $1,321,452 annually. The lease is expected to end in August 2033 and will have two, 5-year extension options. We cannot assure you that Tribridge Developments, LLC will occupy its space or begin paying rent as expected or at all. |
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(19) | Historical cash flows are not available as the Mortgaged Property was built in late 2021 and the office portion of the collateral is still in lease-up. Hotel cash flows are available for YE TTM 2022 and 2023, however no historical cash flows are available for the office portion of the collateral. The first lease at the Mortgaged Property, occupying 1.1% of total net rentable area and 2.4% of net rentable area in the office portion of the collateral, commenced in July 2022. |
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(20) | The occupancy represents a weighted average of the occupancy in both the hotel and office portion of the collateral. The hotel portion of the collateral, consisting of 186 rooms across 149,711 square feet was 65.9% as of January 31, 2023. The office portion of the collateral was 62.7% leased as of March 1, 2024. |
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(21) | Occupancy includes all tenants in place and excludes the 137,836 square feet of non-collateral space occupied by Nordstrom. As of December 31, 2023, the Kenwood Towne Centre Mortgaged Property was 95.2% occupied excluding the non-collateral Nordstrom space. |
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(22) | The lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2024. Defeasance of the Kenwood Towne Centre Whole Loan in full is permitted at any time after the earlier to occur of (i) February 9, 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 Benchmark 2024-V6 securitization trust in March 2024. The actual lockout period may be longer. |
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(23) | The borrower may obtain the release of (A) one or more vacant, non-income producing and unimproved (or improved only by landscaping, surface parking or utility facilities that are either readily re-locatable or will continue to serve the Mortgaged Property) parcels (including “air rights” parcels) or outlots (provided, however, that this condition will not apply to any Expansion Parcels (as defined below), or (B) any Acquired Parcels (as defined below), including, if applicable, any Anchor parcel, upon satisfaction of specified conditions including, among other things, that (i) there is no event of default, (ii) the borrower delivers evidence that the parcel subject to release is not necessary for the borrower’s operation or use of the remaining Mortgaged Property and may be readily separated from the Mortgaged Property without a material diminution in value, (iii) the parcel subject to release has been legally subdivided, and after giving effect to such transfer, the release parcel and the remaining Mortgaged Property conform to legal requirements and constitute separate tax lots (or all action has been taken to effectuate the same), (iv) the parcel subject to the release is not necessary for the remaining portion of Mortgaged Property to comply |
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| with zoning or legal requirements, (v) receipt of a rating agency confirmation from the applicable rating agencies (provided that such confirmation will not be required for release of an Expansion Parcel or if the rating agency has waived review or failed to respond within 30 days to a request for such confirmation), and (vi) the release will not result in a loan-to-value ratio that does not comply with REMIC guidelines, provided that the borrower may prepay the Kenwood Towne Centre Whole Loan to meet such condition, with payment of a yield maintenance premium calculated based upon the amount prepaid, unless the borrower receives an opinion of counsel that the issuing entity will not fail to maintain its status as a REMIC trust as a result of the release of the release parcel. In addition, the borrower has the right, at its own expense, to acquire one or more parcels of land that constitutes an integral part of, adjoins or is proximately located near, the shopping center of which the Mortgaged Property is a part, which land was not owned by the borrower on the origination date of the Kenwood Towne Centre Whole Loan and is not an Acquired Parcel (as defined below) (such acquired land, an “Expansion Parcel”), to become additional collateral for the Kenwood Towne Centre Whole Loan, upon satisfaction of specified conditions including, among other things, that (i) there is no event of default, (ii) the borrower acquires a fee simple or leasehold interest in the applicable Expansion Parcel and (iii) the borrower delivers, among other things, (a) an environmental report indicating no hazardous substances except for nominal amounts (except as permitted under clause (d) below), unless the Expansion Parcel is already covered by the environmental report delivered at origination, (b) security documents creating a mortgage lien on the Expansion Parcel, and title insurance, (c) a property condition report indicating that the Expansion Parcel is in good condition if the Expansion Parcel is improved, subject to certain exceptions, and (d) if repairs are recommended by the property condition report or if the environmental report discloses the presence of hazardous materials at the Expansion Parcel, and the cost of such repairs or remediation is reasonably likely to exceed 10% of the original principal balance of the Kenwood Towne Centre Whole Loan, cash or an indemnity from the guarantor, certain of its affiliates or an entity otherwise meeting ratings or financial tests set forth in the Kenwood Towne Centre Whole Loan documents, in an amount equal to 125% of any estimated repairs or remediation costs, as applicable. The borrower is also permitted to obtain the release of collateral parcels (each, an “Exchange Parcel”) from the lien of the mortgage in exchange for the substitution of new parcels of real property in which the borrower acquires a fee or leasehold interest (each, an “Acquired Parcel”) as collateral for the Kenwood Towne Centre Whole Loan upon 20 days’ prior notice, subject to the satisfaction of certain conditions, including among other things, that: (i) the Exchange Parcel (unless it is an Expansion Parcel) is vacant, non-income producing and unimproved or improved only by landscaping, surface parking or utility facilities that are readily re-locatable or that will continue to serve the Mortgaged Property (and the borrower is able to make certain zoning representations as to the Acquired Parcel to the same extent as made with respect to the Exchange Parcel), (ii) the Acquired Parcel is reasonably equivalent in value to the Exchange Parcel, as established by a letter of value from the appraiser which appraised the Mortgaged Property or an appraiser of comparable experience selected by the borrower, (iii) with respect to the Acquired Parcel, the borrower has delivered, among other things (a) unless the Acquired Parcel is already covered by the environmental report delivered at origination, an environmental report indicating no hazardous substances except for nominal amounts (except as permitted under clause (d) below), (b) security documents creating a mortgage lien on the Acquired Parcel, and title insurance, (c) if the Acquired Parcel is improved, subject to certain exceptions, a property condition report indicating that the Acquired Parcel is in good condition, and (d) if repairs are recommended by the property condition report or if the environmental report discloses the presence of hazardous materials at the Acquired Parcel, and the cost of such repairs or remediation is likely to exceed 10% of the original principal balance of the Kenwood Towne Centre Whole Loan, cash or an indemnity from the guarantor, certain of its affiliates, or an entity otherwise meeting ratings or financial tests set forth in the Kenwood Towne Centre Whole Loan documents, in an amount equal to 125% of any estimated repairs or remediation costs, as applicable, (e) the loan-to-value ratio (after giving effect to such substitution) is equal to or less than 125% (in compliance with REMIC guidelines), provided that the borrower may prepay the Kenwood Towne Centre Whole Loan in order to meet such condition, with payment of a yield maintenance premium calculated based upon the amount prepaid, unless the borrower receives an opinion of counsel that the issuing entity will not fail to maintain its status as a REMIC trust as a result of the substitution and (f) the lender has received a rating agency confirmation from the applicable rating agencies. |
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(24) | The Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) do not include the non-collateral Nordstrom space. |
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(25) | On each monthly payment date during the continuance of a reserve trigger period or cash management period, the borrower is required to escrow approximately $21,524 for monthly replacement reserves. |
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(26) | During the continuance of an anchor trigger event, on each monthly payment date, the borrower is required to escrow an amount equal to the anchor reserve monthly deposit for tenant improvements and leasing commissions, construction costs, required landlord work and other related costs associated with re-tenanting the applicable space or any other space at the Mortgaged Property. |
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(27) | During the continuance of a reserve trigger period or cash management period, the borrower is required to deposit, on a monthly basis, (A) 1/12th of the taxes that the lender reasonably estimates will be payable during the next ensuing 12 months and (B) 1/12th of the insurance premiums that the lender estimates will be payable for the renewal of the coverage afforded by the policies. With respect to the insurance reserve deposits, the lender will waive the requirements for insurance deposits if (i) the borrower maintains insurance pursuant to a blanket policy and premiums have been paid at least 30 days prior to expiration of the policies. All funds remaining in the tax and insurance escrow fund will be returned to the borrower upon the earliest to occur of (i) payment in full of the debt, (ii) a defeasance event or (iii) the termination of a reserve management period or cash management period. |
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(28) | During the continuance of a reserve trigger period or cash management period, the borrower is required to deposit with the lender on each monthly payment date an amount equal to $21,524 for replacement reserves. In the event the balance of funds contained in the replacement reserve is equal to or greater than $516,571 (the “Reserve Cap”), the borrower will not be required to pay to the lender the replacement reserve monthly deposit; provided, however, that upon such time as the balance of funds then contained in the replacement reserve has been reduced to an amount less than the Reserve Cap, the borrower will be required to recommence paying to the lender the replacement reserve monthly deposit until such time as the balance of funds then contained in the replacement is equal to or greater than the Reserve Cap. |
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(29) | The borrower is required to deposit into a TI/LC reserve on a monthly basis an amount equal to $129,142.63 if the balance of the TI/LC reserve account is less than $3,099,423, until the amounts on deposit in the TI/LC reserve account are equal to or exceed $3,099,423. |
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(30) | The Second Largest Tenant, Dillard’s, has a one time option to surrender the expansion premises (approximately 90,000 square feet), but the part surrendered must be contiguous to the Mortgaged Property's mall entrance on both levels. Upon such surrender, rent will be proportionately reduced. |
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(31) | If the DSCR is less than 1.50x for two consecutive fiscal quarters and continuing until the DSCR is equal to or greater than 1.55x for two consecutive fiscal quarters, monthly deposits (based on 1/12th of $1.50/SF) are required without consideration for the $2,000,000 and $5,000,000 thresholds described below. Otherwise, TI/LC monthly deposits (based on 1/12th of $1.30/SF) are required to be made to the TI/LC account commencing with the first payment date after the amount contained in the TI/LC account is less than $2,000,000 and those monthly deposits are subject to a TI/LC threshold equal to $5,000,000. |
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(32) | Vero Capital will pay off the current loan at a discounted amount of $143.7 million ($146 PSF), which represents 72.6% of the outstanding loan balance of $198.0 million. In connection with the pay off of the existing loan and recapitalization of the Vero Office Portfolio, entities owned and controlled by Vero Capital (18.0% Common Member and Managing Member) will enter a joint venture with entities owned and controlled by Prime Finance (82.0% Preferred Member). The joint venture will contribute approximately $66.5 million of fresh equity to facilitate the transaction. |
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(33) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily due to approximately 362,187 SF (36.7% of total SF) of recent leasing that has been executed across the portfolio since 2022. Of the total recent leasing, 185,618 SF (18.8% of total SF) are new leases and 176,569 SF (17.9% of total SF) are renewals with a weighted average lease spread of 16.2%. |
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(34) | The lockout period will be at least 24 payment dates beginning with and including the first payment date on April 6, 2024. Defeasance of the Casa Cipriani Whole Loan in full (but not in part) is permitted at any time after the earlier to occur of (i) February 23, 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 payments is based on the expected Benchmark 2024-V6 securitization closing date in March 2024. The actual lockout period may be longer. |
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(35) | The borrower is required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as hereinafter defined) and (ii) the amount of the deposit (if any) then required by the franchisor on account of FF&E under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of four percent (4%) of the greater of (a) the annual gross revenues for the hotel related operations at the Mortgaged Property for the immediately preceding calendar year as reasonably determined by the lender and (b) the projected annual gross revenues for the hotel related operations for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget, or where no approved annual budget exists as of the date of determination, the amount of the FF&E Payment will be based on the annual gross revenues for the hotel related operations at the Mortgaged Property (excluding membership and event space revenues) for the immediately preceding calendar year as reasonably determined by the lender. The initial FF&E Payment was determined to be approximately $210,556. |
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(36) | The borrower is required to deposit on the monthly payment date occurring in April 2024 and on each monthly payment date thereafter through and including the monthly payment date occurring in December 2025, an amount equal to $70,485.24 (which amount is intended to be equal monthly payments such that the put price reserve account has sufficient funds by the monthly payment date occurring in December 2025 to pay the put price (estimated to equal $1,480,190.00) to the historic tax credit investor). |
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(37) | The Mortgaged Property is comprised of a 146,486 square foot, 47-room luxury hotel, event space and private members club. Occupancy % at the Mortgaged Property is based on the hotel component. |
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(38) | The City of New York (the “City”), as landlord, leases certain real property (including the Casa Cipriani Mortgaged Property) commonly known as the Battery Maritime Building to the New York City Economic Development Corporation, a New York not for profit corporation (“NYCEDC”), as tenant, pursuant to a ground lease dated July 1, 2012 (the “Master Ground Lease”). The borrower’s sub-leasehold interest in the Casa Cipriani Mortgaged Property is governed by a ground sublease (the “Ground Lease”) dated August 15, 2018, between the NYCEDC, as the lessor, and the borrower, as the lessee. Each of the Master Ground Lease and the Ground Lease has a term expiring on June 30, 2061 followed by five, ten-year extension options. The current annual base ground rent as of the Cut-off Date is $2,087,004 with CPI increases each July 1. The Ground Lease is a sublease of, and subject and subordinate to, the Master Ground Lease. |
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(39) | The Mortgaged Property is subject to a PILOT program that commenced in 2018 and runs through 2042. In lieu of real estate taxes, pursuant to the ground sublease, for each tax year, the borrower will pay the City’s Department of Finance, upon notice of the amount due, an annual payment in lieu of real estate taxes, payable in equal semi-annual installments in advance on the first day of each January and July (or as the City’s Department of Finance may otherwise then generally require), as provided in the ground sublease, which PILOT for the July 1, 2023/June 30, 2024 tax year is equal to $950,000, with such amount increasing annually by $100,000 through to the 2027/2028 tax year and then increasing by $50,000 annually from the 2028/2029 tax year through to the 2041/2042 tax year. For each tax year from and after the 2042/2043 tax year, the PILOT will be in an amount equal to taxes due on the Mortgaged Property. |
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(40) | The borrower master leases the Casa Cipriani Mortgaged Property to 10 South Street Master Tenant LLC (the “Master Lessee”) under which the Master Lessee operates the Casa Cipriani Mortgaged Property and pays rent to the borrower. The Master Lessee has entered into three subleases with affiliates of the borrower which entities collect revenues from the Casa Cipriani Mortgaged Property. The borrower is entitled to receive rents under the master lease rather than the underlying revenue collected by the operating sublessees. The operating sublessees are party to the Casa Cipriani Mortgage Loan agreement and have agreed to comply with the lockbox and cash management provisions therein. Revenue and cash flow information are based on the underlying revenue from the Casa Cipriani Mortgaged Property, rather than on the rent due under the master lease or any operating sublease. The debt service coverage ratio and debt yield based on the master base rent of $8,389,807 plus supplemental rent of $2,632,961 for the year 2024 are 1.30x and 10.7%, respectively. |
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(41) | The Mortgaged Property is a mixed-use building consisting of 430,796 square feet of office space, 15,029 square feet of retail space, 92,189 square feet of anchor tenant space for the County of Los Angeles, 38,524 square feet of fitness center space, and 400 square feet of storage space. |
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(42) | The lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2024. Defeasance of the Wateridge Whole Loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the Wateridge Whole Loan to be securitized and (ii) the monthly payment date occurring in February 2027. The assumed defeasance lockout period of 24 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual lockout period may be longer. |
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(43) | Crystal Stairs, the Largest Tenant, has 101,938 square feet of office space expiring on April 15, 2030 and 7,948 square feet of office space expiring on October 31, 2024. |
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(44) | Crystal Stairs, the Largest Tenant, has an early termination option on September 30, 2027 upon 8 months written notice and a termination fee equal to the unamortized portions of tenant improvement allowance that has not been disbursed, lease commissions and abated rent amount at 5% interest rate. The termination option applies to 101,938 of the total 109,886 square footage (approximately 93%). Crystal Stairs also has a one-time contraction option to reduce the square footage of its’ space on the first floor of the Mortgaged Property, which is approximately 9,500 square feet, until September 30, 2024. |
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(45) | County of Los Angeles, the Second Largest Tenant, has a one-time right to terminate on December 31, 2029 with at least nine months written notice and a termination fee equal to $1,500,000. |
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(46) | Providence Health, the Fourth Largest Tenant, has a one time right to terminate on November 1, 2025 with nine months written notice and a termination fee equal to three months of base rent and additional rent at rates payable at termination, any and all lease commissions paid to brokers and amounts paid by the landlord for tenant improvements and initial improvements. |
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(47) | ARINC, the Fifth Largest Tenant, has an early termination option on the April 1, 2027 with written notice prior to April 1, 2026 and a termination payment equal to the unamortized portions of abated rent, lease commissions paid to brokers and landlord construction payments calculated at a 4% interest rate. |
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(48) | Historical financials are not available because the Lexmark Mortgaged Property was recently acquired in December 2023 as part of an all-cash sale leaseback transaction for $126,948,000. |
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(49) | The Mortgaged Property is comprised of a five-story building totaling 260 multifamily units and three commercial units comprising 8,384 SF. |
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(50) | The increase from Third Most Recent NOI to Second Most Recent NOI is primarily attributable to the borrower sponsors repurposing The Duncan Mortgaged Property in 2020 and subsequent lease up. The increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to the borrower sponsors continued lease up of The Duncan Mortgaged Property at higher rents along with eliminating concessions. |
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(51) | The Mortgage Loan is part of a Whole Loan that was co-originated by Deutsche Bank AG, acting through its New York Branch, Goldman Sachs Bank USA, JP Morgan, Chase Bank, National Association and Bank of Montreal. |
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(52) | The increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to the repositioning of the LL Bean space (74,910 SF). Lululemon Athletica (opened February 2023), Old Navy (opened February 2023), and Kendra Scott (opened March 2023) all attribute to a significant increase in sales and foot traffic. |
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(53) | The Mortgaged Property is subject to an affiliated ground lease between the two borrowers with an expiration date of August 31, 2035. The security for the Whole Loan is both the fee simple estate and the leasehold estate created by the ground lease. The annual ground rent under the ground lease is currently $1,565,412. |
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(54) | The lockout period will be at least 27 payment dates beginning with and including the first payment date in January 2024. Defeasance or prepayment (with a yield maintenance premium if prior to the monthly payment date in June 2028) of the Tysons Corner Center Whole Loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the Tysons Corner Center Whole Loan to be securitized and (ii) the monthly payment date occurring in December 2026. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual lockout period may be longer. |
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(55) | The borrower may obtain release of various parcels without prepayment or defeasance, provided certain conditions have been satisfied, as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases.” |
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(56) | The fee interest Mortgaged Property is subject to an affiliate ground lease between Tysons Corner Property Holdings LLC (the “Fee Borrower”), as landlord, and Tysons Corner Holdings LLC (the “Leasehold Borrower”), as ground lessee. The Mortgage Loan is a fee and leasehold mortgage which encumbers each of the fee estate owned by Fee Borrower and the leasehold estate owned by Leasehold Borrower. The term of the ground lease commenced on November 26, 1962, and terminates on August 31, 2035. The ground lease does not provide for any further extension options. The annual base rent for the ground lease may never be less than an amount equal to 6% of the product of $1.00 times the total number of square feet in the total area of the Mortgaged Property. The annual ground rent under the ground lease is currently $1,565,412.
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(57) | Primark, the Fifth Largest Tenant, which has not yet opened for business, has the right to terminate its lease effective as of the end of the fifth lease year if the tenant’s gross sales during its fourth lease year do not equal or exceed $23,000,000. Such termination right must be exercised by notice given at any time during the 90 day period following the end of the fifth lease year. |
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(58) | The Fifth Largest Tenant, Primark, has signed its lease but is not yet in occupancy. The lease provides that if the tenant fails to open for business by the 240th day after the premises are delivered to the tenant (which delivery is expected no later than June 1, 2024), and such failure continues for 365 days (subject to delays caused by force majeure for not more than 60 days) then either the tenant or the landlord may terminate the lease upon notice given within 30 days of such 365 day period and prior to the date the tenant has opened for business, in which event the tenant is required to pay, in addition to all rent due through the date of termination, liquidated damages equal to two years’ fixed rent and the portion of its construction allowance paid to the tenant prior to termination. In addition, the tenant has the right to terminate the lease if the delivery date for the leased premises has not occurred by the date that is 180 days following a revised delivery date calculated as set forth in the lease, in which event the landlord will be required to pay specified liquidated damages and other amounts to the tenant. In addition, the tenant may terminate its lease if the floor area of the leased premises is more than 3% less than set forth in the lease, unless the landlord enlarges the premises to reduce the deviation to less than 3% within three months after such measurement. |
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(59) | The Mortgaged Property is comprised of a 195-room select-service hotel in addition to a 85’ x 25’ digital LED billboard, which generated 11.5% of total income as of December 2023 TTM, and an affiliated borrower’s condominium interest in an attached parking garage. Only 218 spaces on the first through fourth floor are part of the Mortgaged Property. The six story parking garage totals 378 spaces, however the top two floors, comprised of 160 spaces, are not part of the collateral and are owned by an affiliate of the sponsor. |
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(60) | The borrower deposited $50,000 into a seasonal working capital reserve at origination. On each monthly payment date in January, February, March, May, June, September, November, and December, the borrower is required to deposit $50,000 into the seasonal working capital reserve, capped at $200,000.
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(61) | The borrower deposited $25,360 into a reserve for condominium common charges at origination. On each monthly payment date during a trigger period, the borrowers are required to deposit into a condominium reserve an amount equal to 1/12th of the amount sufficient to pay for the projected assessments and other expenses when due under the condominium documents. |
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(62) | Historical cash flows are not available for 2020 as the Mortgaged Property was built in 2020. |
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(63) | The FF&E reserve is calculated as the greatest of: (i) 4% of projected gross revenue for the Mortgaged Property exclusive of income generated from the billboard; (ii) the amount required under any franchise agreement; and (iii) the amount required under any management agreement. |
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(64) | The Mortgage Loan is part of a Whole Loan that was co-originated by Deutsche Bank AG, acting through its New York Branch, Barclays, and Wells Fargo Bank, National Association. |
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(65) | The non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 20% of the outstanding principal balance of the related Whole Loan. |
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(66) | The lockout period will be at least 25 payment dates beginning with and including the first payment date in March 2024. Defeasance of the Staten Island Mall Whole Loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the Staten Island Mall Whole Loan to be securitized and (ii) the monthly payment date occurring in January 2027. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual lockout period may be longer. |
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(67) | The borrower may obtain the release or substitute vacant, non-income producing and unimproved parcels without prepayment or defeasance, provided certain conditions have been satisfied, as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases.” |
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(68) | A cash sweep period due to a debt yield event can be terminated upon the date that (A) the debt yield is equal to or in excess of 10.5% for two consecutive calendar quarters or (B) delivery to the lender of cash or letter of credit or receipt by the lender of a debt yield cure prepayment. |
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(69) | Portions of the Mortgaged Property benefit from a New York City Industrial and Commercial Incentive Program (“ICIP”) exemption or a New York City Industrial & Commercial Abatement Program (“ICAP”) abatement. Of the 16 tax parcels comprising the Mortgaged Property, two currently benefit from an ICIP exemption and three from an ICAP abatement. The appraisal estimates the current tax benefits of these programs to be $1,168,787 for the 2023-2024 tax year, and the net present value of these tax benefits through the 2043/2044 tax year to be approximately $24,067,850. The appraisal estimate assumes that additional parcels will benefit from these programs over the |
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| remaining period of the programs. Real estate taxes were underwritten based on the appraisal real estate taxes for the 2023/2024 tax year, which give effect to the ICIP/ICAP abatements. |
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(70) | The Mortgage Loan was originated by BSPRT CMBS Finance, LLC and is being sold by GACC. |
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(71) | The lockout period will be at least 24 payment dates beginning with and including the first payment date in April 2024. Defeasance of the Wildwood Center Whole Loan in whole but not in part is permitted after two years from the closing date of the securitization that includes the last note of the Wildwood Center Whole Loan to be securitized. The assumed defeasance lockout period of 24 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual lockout period may be longer. |
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(72) | At origination, the borrower deposited $6,000,000 into the TI/LC Reserve ($). As of the Cut-off Date, the borrower is in the process of providing a $6,000,000 Letter of Credit. Upon borrower providing evidence of such letter of credit, the lender will disburse the $6,000,000 TI/LC reserve on deposit to borrower. If the TI/LC letter of credit balances falls below $3,250,000 at any time, the borrower will be required to deposit approximately $69,592 on each monthly payment date. |
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(73) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily due to Manhattan Associates renewing its lease with increased rents. |
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(74) | Manhattan Associates, the Largest Tenant, has an early termination option for its’ fifth floor space (29,178 square feet) on March 31, 2029 upon written notice on or before March 31, 2028 and a termination payment equal to approximately $1,708,901. |
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(75) | Advisor Group, the Second Largest Tenant, has an early termination option for its space on June 30, 2026 upon at least 12-months written notice and a termination fee equal to the unamortized portion of the tenant improvement allowance used by Advisor Group, the abated base rent, the actual cost of the borrower’s work (but which in no event can exceed $4 per square foot), and the leasing commissions paid by the borrower to the borrower’s broker and the tenant's broker. |
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(76) | Scientific Research Corp, the Third Largest Tenant has an early termination option from and after January 1, 2024 in part (i) as to the third floor premise of its space upon 180 days’ written notice and (ii) as to the storage space upon 60 days’ prior written notice. As of the cut-off date, the tenant has not provided such notice. |
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(77) | As part of Manhattan Associates' lease renewal, the borrowers provided Manhattan Associates with an approximately $12.6 million tenant improvement allowance and approximately $503,000 allowance for borrower's costs. The borrower is required to provide the tenant with these funds on a draw basis. The related borrower purchased an approximately $13.1 million letter of credit which is held by the tenant associated with this work. If the Manhattan Associates Leasing Waiver Conditions (as defined below) are not met, the borrower is required to deposit the Recourse Amount (as defined below) into the TI/LC reserve held by the lender or deliver to the lender a letter of credit in such amount. The Manhattan Associates Leasing Waiver Conditions are currently being met.
“Manhattan Associates Leasing Waiver Conditions” means the following conditions precedent are satisfied: (i) no event of default has occurred and is continuing, (ii) the Manhattan Associates lease remains in full force and effect and Manhattan Associates is not in default, (iii) the borrower pays all tenant improvement costs directly to Manhattan Associates as and when due pursuant to the terms of the Manhattan Associates lease, (iv) the $13,074,906 letter of credit (as defined in the eighth amendment of the Manhattan Associates lease agreement) remains in full force and effect, (v) the $13,074,906 letter of credit (as defined in the eighth amendment of the Manhattan Associates lease agreement) remains in the custody of Manhattan Associates, (vii) the borrower promptly provides to the lender (a) copies of each and every draw request (as defined in the eighth amendment of the Manhattan Associates lease agreement) received from Manhattan Associates and (b) evidence, in form and substance reasonably satisfactory to the lender, of payment of each related draw (as defined in the eighth amendment of the Manhattan Associates lease agreement).
"Recourse Amount” means an amount equal to $13,079,456; provided, however, such amount will be reduced dollar for dollar by an amount equal to the aggregate draws actually paid by the borrower to Manhattan Associates for the budgeted tenant improvements. |
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(78) | The Appraised Value ($) represents the "As Is Hypothetical" value of $113,000,000 as of October 5, 2023, which assumes that the Largest Tenant, Manhattan Associates, has signed their early renewal and all leasing costs associated with the renewal has been paid to the tenant. As of the Cut-off Date, the renewal lease has been executed and a Letter of Credit of $13,074,905.55 has been provided to Manhattan Associates in connection with |
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| tenant improvements and leasing costs. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity (%) based on the “As-Is” value of $100,000,000 million are 65.0% and 65.0%, respectively. |
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(79) | The Largest Tenant, Virginia Hospital Center Arlington Health System, leases 17,784 SF of space that expires in January 2025, 24,930 SF of space that expires in September 2030 and 8,549 SF of space that expires in June 2031. |
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(80) | The Third Largest Tenant, Armed Forces Services Corporation subleases 1,191 SF of its space to Novi, LLC with a sublease expiration date of May 2024 and 13,967 SF of its space to the Association for Supervision and Curriculum Development, dba ASCD with a sublease expiration date of June 2025. |
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(81) | The Fifth Largest Tenant, The Lukens Company, subleases 4,680 SF of its space to American Principles Project with a sublease expiration date of March 2027. |
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(82) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is due to the borrower executing a new lease with Equitable Homes in November 2023, which accounts for approximately 19.9% of underwritten base rent. |
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(83) | The tenant Equitable Homes is an owner affiliated tenant whose lease is personally guaranteed by the borrower sponsors. Equitable Homes is not attributed any SF and uses the Vernon Industrial Mortgaged Property in a storage capacity for building materials. |
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(84) | There is no non-recourse carveout guarantor or separate environmental indemnitor with respect to the Timber Creek Crossing Whole Loan. |
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(85) | Four tenants totaling 325,822 SF (68.7% of NRA; 54.4% of underwritten base rent) own their improvements and ground lease the underlying land from the borrowers. |
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(86) | A Grace Period - Late Fee (Days) of five days is permitted other than the payment of principal due on the maturity date. |
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(87) | The Fourth Largest Tenant, Lakewood Medical Center, subsequently renewed its lease for a period of three years ending January 31, 2027 after the Timber Creek Whole Loan was originated. At the time of loan origination, Lakewood Medical Center had a lease expiration date of January 31, 2024. |
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(88) | No Grace Period (Late Payment) is permitted, however there are no late payment charges as long as no event of default exists. |
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(89) | A lease up trigger will commence if (i) by May 31st of each calendar year during the loan term, the Sunbelt Student Housing Portfolio Properties are not pre-leased to at least a 70% total occupancy (in the aggregate) for the next ensuing school year as determined from the information set forth in the pre-leasing report delivered by the borrower to the lender pursuant to the Sunbelt Student Housing Portfolio Mortgage Loan documents. |
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(90) | The Mortgage Loan documents permit future mezzanine debt from and after the Closing Date, provided that, among other conditions (i) no event of default has occurred and is continuing, (ii) the mezzanine loan, together with the Whole Loan, will have a combined loan-to-value ratio that is not more than 65.0%, (iii) the combined debt yield is equal to or greater than 12.3%, (iv) the combined debt service coverage ratio based on the Whole Loan and the permitted mezzanine loan is at least equal to or greater than 1.35x, and (vi) the permitted mezzanine lender executes an intercreditor agreement reasonably acceptable to the lender and satisfactory to the rating agencies providing for the subordination of the mezzanine loan to the Whole Loan in all respects. |
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(91) | The Appraised Value ($) of $42,600,000 represents the "Upon Completion of TI for Signed Leases" value as of June 1, 2024 related to 50,711 square feet of recently signed leases to be occupied by May 2024 and assumes all tenant improvements will be completed in a good workmanlike manner at the costs reported and by anticipated commencement dates of April and May 2024. Based on the "as-is" market value of $41,100,000 as of February 6, 2024, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity (%) are 58.4% and 56.2%, respectively. |
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(92) | The Grace Period – Default (Days) is zero days for the outstanding principal balance due at maturity and five days for the monthly payment of interest. |
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(93) | The Fourth Largest Tenant at the 369 Lexington Avenue Mortgaged Property, Mingxue Yang Medical P.C, representing approximately 5.5% of total net rentable square footage at the Mortgaged Property, has the ongoing |
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| right to terminate its lease upon not less than 180 days’ written notice. In no event may the accelerated termination date be a date prior to July 1, 2026. If the tenant accelerates the expiration date to July 1, 2026, the tenant must pay a termination fee of $600,000. After July 1, 2026, the fee is reduced by $14,285.71 each month. |
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(94) | The Fourth Largest Tenant at the 2 West 46th Street Mortgaged Property, Pomann Sound Production Inc, representing approximately 3.8% of the net rentable square footage at the Mortgaged Property, has a unilateral option to terminate its lease at any time upon at least 30 days prior notice. |
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(95) | The Fifth Largest Tenant at the 369 Lexington Avenue Mortgaged Property, the Government of Morocco, representing approximately 5.4% of total net rentable square footage at the Mortgaged Property, has the ongoing right to terminate its lease upon not less than 180 days written notice of its intention to accelerate the termination date. In no event will the accelerated termination date be a date prior to September 1, 2025. If the tenant accelerates the expiration date to September 1, 2025, the tenant will forfeit its security deposit and pay a termination fee of $1,150,000. After September 1, 2025, the termination fee is reduced by $14,743.58 each month. |
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(96) | The borrower may obtain the release of any of the individual 369 Lexington Avenue & 2 West 46th Street properties as described in this prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases". |
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(97) | The lockout period will be at least 25 payment dates beginning with and including the first payment date in March 2024. Defeasance of the Sheraton Hotel Brooklyn Whole Loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the Sheraton Hotel Brooklyn Whole Loan to be securitized and (ii) January 31, 2027. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual lockout period may be longer. |
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(98) | The Sheraton Hotel Brooklyn Mortgaged Property received six “red zone” notices of default from Marriott under the franchise agreement between 2017 and 2023 as a result of low “Guest Satisfaction Survey Intent to Recommend Scores”. According to the borrower sponsor, the initial “red zone letter” was a result of high ADRs, at which time the asset was also in need of room renovations. The borrower sponsor then underwent a PIP approval process during 2018 and ultimately completed a large-scale renovation in 2019. Based on the most recent tracking period (July – December 2023), the Sheraton Hotel Brooklyn Mortgaged Property was in the “yellow” zone. Upon achieving the “yellow” zone status or better in two more consecutive tracking periods (January – June 2024 and July – December 2024), the hotel will successfully exit the “red” zone status. |
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(99) | The Mortgaged Property benefits from a 25-year Industrial & Commercial Incentive Program (ICIP) tax abatement program, which took effect in the 2009 / 2010 tax year and will continue until expiration in the 2034 / 2035 tax year. The taxable assessment for the improvements is reduced by 100% of the exemption for the first 16 years of the exemption period, then by a sliding scale of 10% per year for the remaining nine years of the exemption period. The benefit amount is equal to the value of the project, which is then multiplied by the benefit phase out percentage. The value of the project is determined by the Property Division of NYC Department of Finance. The most recent 2023 / 2024 actual assessed value is approximately $18.2 million, which is assumed to grow to the total transitional assessed value of approximately $23.1 million over the next five years. Following the five-year period, the project is anticipated to maintain the approximately $23.1 million assessment value, with no inflationary adjustments. |
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(100) | The monthly FF&E reserve of $33,335.86 occurs from April 2024 through March 2025. Thereafter it is equal to the greater of (i) monthly amount required to be reserved under the franchise agreement (if applicable) or the replacement of FF&E or (ii) 1/12th of 4% of the operating income. |
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(101) | The Mortgaged Properties include 11 units that require more thorough cleaning and turnover before returning to the market and two units that have fire and flood damage and are not considered operable. |
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(102) | Historical financials prior to 2021 are not available as the mortgaged properties were renovated in 2023. |
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(103) | The Mortgaged Property is comprised of a 64,044 square foot mixed-use building and a three-story, 220 car parking structure. The parking structure is leased to Unified Valet Parking Inc., which currently pays $243,110 in annual rent. |
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(104) | The increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to the recovery from Cordon Bleu vacating their space in 2020. Cordon Bleu occupied four floors at the Mortgaged Property and retired their United States operations, causing the occupancy to drop from 96.7% to 61.0%. The |
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| Mortgaged Property has increased occupancy and net cash flow since then. The Mortgaged Property was leased 81.7% in 2021 and reached 88.3% occupancy as of February 2024. |
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(105) | The historical cash flows were not shown for 2020 because the Largest Tenant, 24 Hour Fitness, which comprises 24,500 square feet or 38.3% of net rentable area, filed for Chapter 11 bankruptcy due to the disproportionate impact of the COVID-19 pandemic on gyms and was not paying rent from June 2020 to January 2021. |
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(106) | The ongoing TI/LC reserve amount may be reassessed by the lender in its estimate of the required monthly amount necessary for tenant improvements and leasing commissions and, upon notice to the borrower, the borrower will be required to deposit with or on behalf of lender each month such reassessed amount. |
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(107) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily attributable to contractual rent steps and tenant reimbursements. |
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(108) | Upon the occurrence of a Baker Hill Renewal Reserve Trigger Event (as defined below), the borrower will deposit into an eligible account (the “Baker Hill Renewal Reserve Account”) on each monthly payment date an amount equal to (i) for the first 12 monthly payment dates an amount equal to $41,667, and (ii) for each monthly payment date after the initial Baker Hill reserve period, an amount equal to the lesser of (i) $41,667 and (ii) an excess cash flow as determined by the lender in its sole, but reasonable discretion, provided, however, that notwithstanding the foregoing, the borrower will have no obligation to make the monthly deposit after the initial Baker Hill reserve period, if the Baker Hill renewal reserve waiver conditions are satisfied.
A "Baker Hill Renewal Reserve Trigger Event" means Baker Hill failing to extend or renew its lease on or prior to the date that is 12 months prior to the expiration of its lease in accordance with the applicable terms and conditions thereof for a minimum of three years. |
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(109) | The Mortgaged Property is subject to a ground lease between the borrower and a third party, Tiger Trust, with an expiration date of February 15, 2042. The security for the Mortgage Loan is the leasehold estate created by the ground lease. The annual ground rent under the ground lease is currently $16,220 per month. |
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(110) | The borrower deposited $112,000 into a seasonal working capital reserve at origination. On each monthly payment date in July, August, and September, the borrower is required to deposit $277,334 into the seasonal working capital reserve, capped at $832,000. |
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(111) | The FF&E reserves are collected for the first 4 years of the loan term at an amount equal to the greatest of: (i) 5% of Gross Rent, (ii) the then-current amount required by the management agreement and (iii) the then-current amount required by the franchise agreement for approved capital expenditures and the repair and replacement of the FF&E. Beginning on the monthly payment date occurring in January 2028, FF&E reserves will only be collected if required by the franchisor, and then collected at 4% of Gross Revenue. |
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(112) | To the extent a PIP is triggered during the loan term, the lender has structured monthly PIP reserves of $67,500 until the earlier of (i) 12 months after the PIP is triggered or (ii) when the scope of PIP work is finalized, at which point the borrower is required to deliver funds to make up the difference between (a) the cost of the PIP and (b) the FF&E reserves and the monthly PIP reserves collected. If a PIP is not triggered during the loan term and the borrower has not extended or replaced the franchise agreement, then 12 months prior to loan maturity, the lender will require fixed monthly payments totaling $3,000,000 less the FF&E reserve balance, divided by twelve. The borrower is full recourse for failure to deposit any additional PIP costs as determined by the lender. |
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(113) | The Mortgaged Property is comprised of 42 total units encompassing 36,284 square feet, with the commercial component consisting of 25 units encompassing 19,975 square feet, or 55.1% of the total NRA, and the residential component making up 17 units encompassing 16,309 square feet, or 44.9% of the total NRA. |
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(114) | The increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to rent deferrals relating to the novel coronavirus in addition to lower underwritten expenses. The most recent utility expense is inflated due to a lump sum payment for the previous two years water bills. Actual water bill fees over the December 2023 TTM period were $64,493. |
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(115) | Historical financials are not available because the borrower sponsor acquired the 8555 Tonnelle Mortgaged Property in March 2023. |
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(116) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is attributable to the borrower sponsor acquiring the 8555 Tonnelle Mortgaged Property in March 2023 and subsequently executing leases with 30 new tenants. |
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(117) | The Mortgage Loan is part of a Whole Loan that was co-originated by BMO and Argentic Real Estate Finance 2 LLC. |
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(118) | The lockout period will be at least 25 months beginning with and including the first payment date on March 6, 2024. Defeasance in full (but not in part) of the Coastline Apartments 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) January 31, 2027. The assumed lockout period is based on the expected Benchmark 2024-V6 securitization closing date in March 2024. The actual lockout period may be longer. |
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(119) | Historical financials prior to 2021 are not available as the seller did not provide historical financials. |
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(120) | The borrowers own the related Mortgaged Property as tenants-in-common. |
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(121) | The Mortgaged Property is situated on 201.4 acres and is comprised of 14 buildings, including 4 greenhouses and field space for seed production. The Mortgaged Property includes 5,000 square feet of lab dedicated to plant pathology and 10,600 SF of office and administrative space. |
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(122) | The Whole Loan may be voluntarily prepaid in whole on or after March 6, 2025, with the payment of a yield maintenance premium if such prepayment occurs prior to the payment date in November 2028. In addition, defeasance of the Syngenta Woodland 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 Syngenta Woodland Whole Loan to be securitized and (b) March 1, 2027. The assumed defeasance lockout period of 24 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual defeasance lockout period may be longer. |
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(123) | The borrower executed a sale-leaseback with Syngenta Seeds LLC, the sole tenant, whereby the borrower acquired the properties from the tenant and executed a 20-year absolute net lease which includes annual escalations equal to 125% of annual CPI growth, with a floor of 100% and cap of 104% of the preceding year’s base rent. |
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(124) | The increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to the Largest Tenant, Thunder Deals, beginning its lease on December 1, 2023. Thunder Deals currently occupies 12.7% of net rentable area and pays $131,040 in annual rent. |
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(125) | The Mortgage Loan has one or more borrowers that own all or a portion of the related Mortgaged Property as tenants-in-common. |
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(126) | The Mortgage Loan is part of a Whole Loan that was co-originated by Barclays and Argentic Real Estate Finance 2 LLC. |
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(127) | On each monthly payment date beginning on the payment date that is 24 months prior to the maturity date, until such time as the major tenant renewal criteria are satisfied with respect to the AutoNation lease, the borrower is required to deposit into an AutoNation renewal reserve the sum of $126,202 (the “AutoNation Renewal Reserve Deposit”). To the extent the sum of AutoNation renewal reserve equals or exceeds the AutoNation reserve cap of $3,028,848, the borrower will no longer be required to make the AutoNation Renewal Reserve Deposit until the AutoNation renewal reserve is less than the AutoNation renewal reserve cap. |
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(128) | The AutoNation renewal reserve has a cap of $3,028,848. |
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(129) | Defeasance of the Whole Loan is permitted at any time after the date that is the earliest to occur of (i) two years after the closing of the securitization that includes the last note to be securitized and (ii) December 1, 2026. The assumed defeasance lockout period of 27 payments is based on the anticipated closing date of the Benchmark 2024-V6 securitization trust in March 2024. The actual defeasance lockout period may be longer. |
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(130) | The Largest Tenant, AutoNation, has 158,892 square feet that expires on December 31, 2029, and 3,363 square feet of subleased space from Kittelson & Associates, Inc. that expires on May 31, 2024. |
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(131) | The Mortgaged Property is a multifamily property operating under a flexible stay model. Of the 118 total units, 24 units have either a full kitchen or kitchenette. At origination, $200,000 was reserved upfront for the conversion of the remaining 94 units to kitchenette units. Tenants pay for their stays in advance in weekly or monthly increments. |
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(132) | The Second Most Recent and Third Most Recent cash flows are not available as the Mortgaged Property was being converted from a hotel to a multifamily property. |
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(133) | Defeasance of the Crescent Center Whole Loan is permitted at any time after the earlier to occur of (a) the end of the two-year period commencing on the closing date of the securitization of the last promissory note representing a portion of the Crescent Center Whole Loan to be securitized and (b) September 22, 2026. The assumed defeasance lockout period of 29 payments is based on the closing date of the Benchmark 2024-V6 transaction in March 2024. The actual lockout period may be longer. |
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(134) | A $100,000 credit to tenant improvements and leasing commissions has been underwritten, reflecting 1/5th of the TI/LC deposit at origination. |
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(135) | If the balance in the Simmons Bank free rent reserve is less than $475,750 on October 1, 2025, the borrower is required to deposit the amount necessary to cause the balance of funds in the reserve account to equal $475,750. |
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(136) | The Largest Tenant, Butler Snow LLP, representing approximately 15.6% of total net rentable square footage, has a one-time right, effective between September 1, 2027 and September 1, 2028 to reduce its space by up to 14,949 square feet located on the fourth floor, with 365 days’ notice and a fee equal to three months’ rent and unamortized tenant improvement costs. The Second Largest Tenant, Simmons Bank, representing approximately 12.4% of total net rentable square footage, may terminate its lease with respect to 5,531 square feet located on the first floor, effective August 31, 2028 with nine months’ prior notice. The Third Largest Tenant, Benefit Recovery Group, LLC, representing approximately 5.6% of total net rentable square footage, may terminate its lease effective January 1, 2031 with nine months’ prior notice. The Fifth Largest Tenant, Wells Fargo Clearing Services, representing approximately 4.4% of total net rentable square footage, may terminate its lease effective April 30, 2025 with 12 months’ prior notice. |
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(137) | The increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily driven by six new leases commencing in 2023 and 2024 totaling 28,615 square feet (8.0% of net rentable area). |
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(138) | The Appraised Value ($) is a “Hypothetical As Is” value of $81,100,000 as of August 3, 2023, which incorporates a holdback of $1,700,000 comprised of free rent and outstanding TI/LC reserves. The “as-is” appraised value (excluding the holdback) as of August 3, 2023 was $79,400,000. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity (%) based on the “As-Is” value of $79,400,000 million are 65.5%. The Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity (%) were calculated using the “Hypothetical As-Is” appraised value, which assumes a $1,200,000 million upfront reserve for free rent and $500,000 upfront reserve for future TI/LC costs. |
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(139) | At loan origination, a master lease was entered into between the borrower as landlord and the borrower sponsors as tenant for the units that are rented on a month-to-month basis at the Carriage Hills Apartments Mortgaged Property. The term of the master lease will end at the earlier to occur of (i) the date on which the aggregate number of apartment units at the Carriage Hills Apartments Mortgaged Property leased to tenants on a month-to-month basis is less than 5% of the total number of apartment units or (ii) the repayment of the loan in full. As of the date of the master lease, there were 70 units on month-to-month leases. |