FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-255934-12 |
BMO 2024-5C4 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor or BMO Capital Markets Corp., any other underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-866-864-7760 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of BMO Capital Markets Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, UBS Securities, LLC, Academy Securities, Inc., Bancroft Capital, LLC, Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
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BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State |
1 | 25 | |||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | 8.1% | 100.0% | BMO, AREF2 | BMO, AREF2, SMC | NAP | NAP | 620 West 153rd Street | New York | New York | NY |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 8.1% | BMO, SGFC, Barclays, KeyBank | BMO | NAP | NAP | Various | Various | Various | Various | |
2.01 | Property | 1 | FCA USA - Detroit, MI | 2.4% | 29.7% | 6836 Georgia Street | Detroit | Wayne | MI | |||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 1.0% | 11.7% | 52888 Shelby Parkway | Shelby Township | Macomb | MI | |||||
2.03 | Property | 1 | Follett School - McHenry, IL | 0.7% | 8.5% | 1340 Ridgeview Drive | McHenry | McHenry | IL | |||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | 0.4% | 4.9% | 3580 Shaw Boulevard | Naples | Collier | FL | |||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | 0.4% | 4.5% | 7408 Metro Parkway | Sterling Heights | Macomb | MI | |||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | 0.4% | 4.4% | 1750 Production Drive | Findlay | Hancock | OH | |||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | 0.3% | 4.1% | 184 Suburban Road | San Luis Obispo | San Luis Obispo | CA | |||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | 0.3% | 4.1% | 728 North Main Street | Mauldin | Greenville | SC | |||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 0.3% | 3.6% | 130 Enterprise Drive | Pittsburgh | Allegheny | PA | |||||
2.10 | Property | 1 | Hannibal - Houston, TX | 0.3% | 3.6% | 6501 Bingle Road | Houston | Harris | TX | |||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | 0.3% | 3.3% | 2024 Buck Lane | Lexington | Fayette | KY | |||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | 0.2% | 3.1% | 686 Adams Street and 33 Shawnee Avenue | Kansas City | Wyandotte | KS | |||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 0.2% | 2.7% | 301 Larcel Drive | Sikeston | New Madrid | MO | |||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 0.2% | 2.6% | 1850 Clark Road | Havre de Grace | Harford | MD | |||||
2.15 | Property | 1 | CSTK - St. Louis, MO | 0.2% | 2.5% | 420 East Carrie Avenue | St. Louis | City of St. Louis | MO | |||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 0.2% | 2.5% | 39 South Park Drive | Mauldin | Greenville | SC | |||||
2.17 | Property | 1 | AM Castle - Wichita, KS | 0.2% | 2.4% | 3050 South Hydraulic Avenue | Wichita | Sedgwick | KS | |||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 0.1% | 1.3% | 9 Old Mill Road | Mauldin | Greenville | SC | |||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 0.0% | 0.2% | 2447 Eunice Avenue | Orlando | Orange | FL | |||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | 0.0% | 0.1% | 513 West Butler Road | Mauldin | Greenville | SC | |||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 5.8% | 100.0% | CREFI | CREFI | NAP | NAP | 28-40 West 23rd Street | New York | New York | NY |
4 | Loan | 1 | 1 | Galleria at Sunset | 5.7% | 100.0% | AREF2, WFB | AREF2, WFB | NAP | NAP | 1300 West Sunset Road | Henderson | Clark | NV |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | 5.0% | GSBI | AREF2 | NAP | NAP | Various | Various | Various | Various | |
5.01 | Property | 1 | Imperial Center | 1.7% | 33.3% | 4813, 4815, 4721 Emperor Blvd & 1007, 1005, 1009 Slater Rd | Durham | Durham | NC | |||||
5.02 | Property | 1 | Parkway Avalon | 1.3% | 26.9% | 11720 & 11800 Amber Park Drive | Alpharetta | Fulton | GA | |||||
5.03 | Property | 1 | Apex 190 | 1.1% | 22.2% | 3033 W President George Bush Highway | Plano | Collin | TX | |||||
5.04 | Property | 1 | Fairview | 0.9% | 17.6% | 3120 Fairview Park Drive | Falls Church | Fairfax | VA | |||||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 4.4% | 100.0% | AREF2, BMO | AREF2, BMO | NAP | NAP | 921 Denton Boulevard Northwest | Fort Walton Beach | Okaloosa | FL |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 3.8% | 100.0% | GSBI | GSMC | NAP | NAP | 1895 Sidewinder Drive | Park City | Summit | UT |
8 | Loan | 23 | 1 | McGaw Commerce Center | 3.8% | 100.0% | AREF2 | AREF2 | NAP | NAP | 8909, 8919, 8925 McGaw Court | Columbia | Howard | MD |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 3.5% | 100.0% | WFB, GSBI, SGFC | WFB | Group A | NAP | 7875 Montgomery Road | Cincinnati | Hamilton | OH |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | 3.5% | 100.0% | WFB, DBNY, Barclays | WFB | Group A | NAP | 2655 Richmond Avenue | Staten Island | Richmond | NY |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 3.5% | 100.0% | AREF2 | AREF2 | NAP | NAP | 7500 Rialto Boulevard | Austin | Travis | TX |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 3.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1812 North Moore Street | Arlington | Arlington | VA |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 3.3% | 100.0% | GSBI | GSMC | NAP | NAP | 445 Camino del Rio South | San Diego | San Diego | CA |
14 | Loan | 7, 16, 19 | 1 | Respara | 2.9% | 100.0% | WFB | WFB | NAP | NAP | 11610 Dunstan Way | Los Angeles | Los Angeles | CA |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 2.8% | 100.0% | WFB | WFB | NAP | NAP | 6639 Capitol Boulevard South, 6737 Capitol Boulevard South, 6825 & 6835 Capitol Boulevard South, 150 Israel Road Southwest | Tumwater | Thurston | WA |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | 2.8% | 100.0% | BMO | BMO | NAP | NAP | 308 West 58th Street | New York | New York | NY |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | 2.7% | 100.0% | CREFI, UBS AG | UBS AG | NAP | NAP | 740 West New Circle Road | Lexington | Fayette | KY |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | 2.5% | 100.0% | SMC | SMC | Group B | NAP | 352 Meeker Avenue | Brooklyn | Kings | NY |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 2.3% | 100.0% | AREF2, CREFI, JPMCB | AREF2 | NAP | NAP | 10 South Street | New York | New York | NY |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | 2.0% | SMC | SMC | NAP | NAP | Various | Cincinnati | Hamilton | OH | |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | 0.4% | 18.5% | 3409, 3411, 3413 & 3415 McHenry Avenue | Cincinnati | Hamilton | OH | |||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | 0.3% | 16.5% | 669 & 686 Gholson Avenue | Cincinnati | Hamilton | OH | |||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | 0.3% | 15.2% | 810 North Fred Shuttlesworth Circle | Cincinnati | Hamilton | OH | |||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | 0.3% | 14.0% | 6390-6406 Gracely Drive | Cincinnati | Hamilton | OH | |||||
20.05 | Property | 1 | 915 Dana Avenue | 0.3% | 13.0% | 915 Dana Avenue | Cincinnati | Hamilton | OH | |||||
20.06 | Property | 1 | 725 Greenwood Avenue | 0.2% | 11.7% | 725 Greenwood Avenue | Cincinnati | Hamilton | OH | |||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | 0.2% | 11.2% | 2606, 2614 & 2618 Montana Avenue | Cincinnati | Hamilton | OH | |||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | 2.0% | DBRI | GACC | NAP | NAP | Various | Various | Various | VA | ||
21.01 | Property | 1 | Hampton Inn Emporia | 0.8% | 39.7% | 898 Wiggins Road | Emporia | Greensville | VA | |||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | 0.7% | 34.4% | 150 Arnold Drive | South Hill | Mecklenburg | VA | |||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | 0.5% | 25.8% | 43 Covenant Drive | Harrisonburg | Rockingham | VA | |||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | 2.0% | 100.0% | LMF | LMF | NAP | NAP | 114 East 71st Street | New York | New York | NY |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 1.7% | 100.0% | LMF | LMF | NAP | NAP | 27181 Euclid Avenue | Euclid | Cuyahoga | OH |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | 1.7% | 100.0% | CREFI | CREFI | NAP | NAP | 485 Locust Avenue | Lakewood | Ocean | NJ |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | 1.5% | 100.0% | SMC | SMC | Group B | NAP | 55 Borinquen Place | Brooklyn | Kings | NY |
26 | Loan | 1 | Home2 Suites Pensacola | 1.5% | 100.0% | AREF2 | AREF2 | NAP | NAP | 7753 North Davis Highway | Pensacola | Escambia | FL | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | 1.1% | 100.0% | LMF | LMF | NAP | NAP | 826-828 New York Avenue | Brooklyn | Brooklyn | NY |
28 | Loan | 30 | 1 | 8 Hook Road | 1.0% | 100.0% | LMF | LMF | NAP | NAP | 8 Hook Road | Bayonne | Hudson | NJ |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | 1.0% | 100.0% | SMC | SMC | NAP | NAP | 1281 Hoe Avenue | Bronx | Bronx | NY |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | 0.9% | BMO | BMO | NAP | NAP | Various | Various | Various | Various | |
30.01 | Property | 1 | Southern Comfort RV Park | 0.5% | 60.3% | 3559 L and N Turnpike Road | Horse Cave | Hart | KY | |||||
30.02 | Property | 1 | Central Illinois Storage South | 0.3% | 30.0% | 9132 State Route 4 | Chatham | Sangamon | IL | |||||
30.03 | Property | 1 | Central Illinois Storage North | 0.1% | 9.7% | 501 South Main Street | Chatham | Sangamon | IL | |||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | 0.8% | 100.0% | SMC | SMC | NAP | NAP | 631 East 6th Street | New York | New York | NY |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | 0.8% | 100.0% | SMC | SMC | NAP | NAP | 2638 Decatur Avenue | Bronx | Bronx | NY |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | 0.7% | 100.0% | AREF2, Barclays | AREF2 | NAP | NAP | 200 Southwest 1st Avenue | Fort Lauderdale | Broward | FL |
34 | Loan | 1 | Chippewa Place | 0.6% | 100.0% | UBS AG | UBS AG | NAP | 7003 & 7005 Stadium Drive | Brecksville | Cuyahoga | OH | ||
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | 0.6% | 100.0% | SMC | SMC | NAP | NAP | 152 Washington Avenue | Albany | Albany | NY |
36 | Loan | 1 | Mini U Storage Vacaville | 0.6% | 100.0% | SMC | SMC | NAP | NAP | 109 Aegean Way | Vacaville | Solano | CA | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | 0.6% | 100.0% | UBS AG | UBS AG | NAP | 21380 US Highway 27 | Lake Wales | Polk | FL | |
38 | Loan | 1 | The Hill | 0.5% | 100.0% | AREF2 | AREF2 | NAP | NAP | 3528 Gentian Boulevard | Columbus | Muscogee | GA | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | 0.5% | 100.0% | LMF | LMF | NAP | NAP | 242 Montrose Avenue | Brooklyn | Brooklyn | NY |
A-1 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Zip Code | General Property Type | Detailed Property Type | Year Built | Year Renovated | Number of Units | Unit of Measure | Loan Per Unit ($) | Original Balance ($) | Cut-off Date Balance ($) | Maturity/ARD Balance ($) | Interest Rate % | Administrative Fee Rate % | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) |
2 | 2 | 3 | 6, 7 | 6, 7 | 6, 7 | 8 | 9 | 9 | ||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | 10031 | Multifamily | High Rise | 2023 | NAP | 238 | Units | 491,596.64 | 70,000,000 | 70,000,000 | 70,000,000 | 6.13000% | 0.015270% | 6.11473% | NAP | 362,549.77 |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Various | Various | Various | Various | Various | 3,908,306 | SF | 60.64 | 70,000,000 | 70,000,000 | 70,000,000 | 5.74400% | 0.015270% | 5.72873% | NAP | 339,720.37 |
2.01 | Property | 1 | FCA USA - Detroit, MI | 48211 | Industrial | Warehouse/Distribution | 2015 | 2017, 2020 | 997,022 | SF | 20,821,451 | 20,821,451 | 20,821,451 | |||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 48316 | Industrial | Manufacturing | 2017 | NAP | 359,807 | SF | 8,207,692 | 8,207,692 | 8,207,692 | |||||||
2.03 | Property | 1 | Follett School - McHenry, IL | 60050 | Industrial | Warehouse/Distribution | 1996 | 2002 | 486,868 | SF | 5,980,799 | 5,980,799 | 5,980,799 | |||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | 34117 | Industrial | Manufacturing/Flex | 1999 | NAP | 130,581 | SF | 3,419,872 | 3,419,872 | 3,419,872 | |||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | 48312 | Industrial | Warehouse/Distribution | 2006 | NAP | 200,000 | SF | 3,173,323 | 3,173,323 | 3,173,323 | |||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | 45840 | Industrial | Manufacturing/Warehouse | 2018 | NAP | 216,300 | SF | 3,093,791 | 3,093,791 | 3,093,791 | |||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | 93401 | Industrial | Manufacturing | 1998 | NAP | 106,066 | SF | 2,863,148 | 2,863,148 | 2,863,148 | |||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | 29662 | Industrial | Warehouse/Distribution | 1970 | NAP | 247,000 | SF | 2,847,242 | 2,847,242 | 2,847,242 | |||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 15275 | Industrial | Distribution/Flex | 2015 | 2024 | 85,646 | SF | 2,552,974 | 2,552,974 | 2,552,974 | |||||||
2.10 | Property | 1 | Hannibal - Houston, TX | 77092 | Industrial | Manufacturing/Distribution | 1978 | 2016 | 109,000 | SF | 2,529,114 | 2,529,114 | 2,529,114 | |||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | 40511 | Industrial | Warehouse/Distribution | 2006 | 2012 | 138,487 | SF | 2,338,238 | 2,338,238 | 2,338,238 | |||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | 66105 | Industrial | Manufacturing | 1977 | 1990 | 113,000 | SF | 2,139,408 | 2,139,408 | 2,139,408 | |||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 63801 | Industrial | Warehouse/Distribution | 2016 | NAP | 170,000 | SF | 1,892,859 | 1,892,859 | 1,892,859 | |||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 21078 | Industrial | Warehouse/Distribution | 2002 | NAP | 120,000 | SF | 1,797,421 | 1,797,421 | 1,797,421 | |||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | 63147 | Industrial | Warehouse | 2015 | NAP | 56,029 | SF | 1,781,514 | 1,781,514 | 1,781,514 | |||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 29607 | Industrial | Warehouse/Distribution | 1982 | NAP | 152,000 | SF | 1,749,702 | 1,749,702 | 1,749,702 | |||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | 67216 | Industrial | Manufacturing | 1976 | NAP | 127,600 | SF | 1,686,076 | 1,686,076 | 1,686,076 | |||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 29607 | Industrial | Warehouse/Distribution | 1960 | 2004 | 80,000 | SF | 922,570 | 922,570 | 922,570 | |||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 32808 | Industrial | Warehouse/Distribution | 1971 | NAP | 6,900 | SF | 123,274 | 123,274 | 123,274 | |||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | 29662 | Office | Suburban | 2000 | 2004 | 6,000 | SF | 79,532 | 79,532 | 79,532 | |||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 10010 | Mixed Use | Office/Retail | 1911 | 1987 | 578,105 | SF | 268.12 | 50,000,000 | 50,000,000 | 50,000,000 | 6.07000% | 0.015270% | 6.05473% | NAP | 256,429.40 |
4 | Loan | 1 | 1 | Galleria at Sunset | 89014 | Retail | Super Regional Mall | 1996 | 2014 | 441,712 | SF | 110.74 | 49,000,000 | 48,915,677 | 45,811,909 | 8.46000% | 0.015270% | 8.44473% | 393,241.32 | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | Various | Office | Suburban | Various | NAP | 987,072 | SF | 109.41 | 43,000,000 | 43,000,000 | 43,000,000 | 7.36400% | 0.015270% | 7.34873% | NAP | 267,541.62 |
5.01 | Property | 1 | Imperial Center | 27703 | Office | Suburban | 1984-2007 | NAP | 408,938 | SF | 14,333,333 | 14,333,333 | 14,333,333 | |||||||
5.02 | Property | 1 | Parkway Avalon | 30004 | Office | Suburban | 2000-2001 | NAP | 196,659 | SF | 11,546,296 | 11,546,296 | 11,546,296 | |||||||
5.03 | Property | 1 | Apex 190 | 75075 | Office | Suburban | 2007 | NAP | 186,215 | SF | 9,555,556 | 9,555,556 | 9,555,556 | |||||||
5.04 | Property | 1 | Fairview | 22042 | Office | Suburban | 2008 | NAP | 195,260 | SF | 7,564,815 | 7,564,815 | 7,564,815 | |||||||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 32547 | Multifamily | Garden | 1989 | 2019 | 301 | Units | 159,468.44 | 38,000,000 | 38,000,000 | 38,000,000 | 5.75300% | 0.015270% | 5.73773% | NAP | 184,708.59 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 84060 | Hospitality | Full Service | 1985 | NAP | 200 | Rooms | 165,000.00 | 33,000,000 | 33,000,000 | 33,000,000 | 7.64000% | 0.015270% | 7.62473% | NAP | 213,018.06 |
8 | Loan | 23 | 1 | McGaw Commerce Center | 21045 | Industrial | Flex | 1974 | NAP | 281,053 | SF | 115.64 | 32,500,000 | 32,500,000 | 32,500,000 | 6.82300% | 0.015270% | 6.80773% | NAP | 187,356.11 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 45236 | Retail | Super Regional Mall | 1958 | 1988, 2003, 2009, 2019-2023 | 1,033,141 | SF | 251.66 | 30,000,000 | 30,000,000 | 30,000,000 | 6.27100% | 0.016520% | 6.25448% | NAP | 158,952.43 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | 10314 | Retail | Super Regional Mall | 1972 | 1993, 2018 | 995,900 | SF | 200.82 | 30,000,000 | 30,000,000 | 30,000,000 | 7.53400% | 0.015270% | 7.51873% | NAP | 190,965.97 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 78735 | Office | Suburban | 2002, 2006 | NAP | 155,483 | SF | 192.95 | 30,000,000 | 30,000,000 | 30,000,000 | 8.14300% | 0.015270% | 8.12773% | NAP | 206,402.43 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 22209 | Office | CBD | 2013 | NAP | 543,697 | SF | 318.19 | 30,000,000 | 30,000,000 | 29,221,523 | 7.53000% | 0.015270% | 7.51473% | 210,380.97 | 190,864.58 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 92108 | Hospitality | Extended Stay | 2016 | NAP | 118 | Rooms | 240,466.10 | 28,375,000 | 28,375,000 | 28,375,000 | 7.88600% | 0.015270% | 7.87073% | NAP | 189,060.92 |
14 | Loan | 7, 16, 19 | 1 | Respara | 90049 | Multifamily | Mid Rise | 2022 | NAP | 54 | Units | 1,138,888.89 | 25,000,000 | 25,000,000 | 25,000,000 | 6.30000% | 0.016520% | 6.28348% | NAP | 133,072.92 |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 98501 | Office | Suburban | 1998, 2000 | NAP | 200,967 | SF | 121.33 | 24,400,000 | 24,383,106 | 23,329,605 | 7.84500% | 0.035270% | 7.80973% | 176,409.12 | NAP |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | 10019 | Mixed Use | Hospitality/Retail | 1910 | 2007 | 88 | Rooms | 269,886.36 | 23,750,000 | 23,750,000 | 23,750,000 | 8.03000% | 0.015270% | 8.01473% | NAP | 161,134.40 |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | 40511 | Industrial | Flex | 1957 | 2002 | 1,449,072 | SF | 56.93 | 23,000,000 | 23,000,000 | 23,000,000 | 7.44000% | 0.015270% | 7.42473% | NAP | 144,580.56 |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | 11211 | Multifamily | Mid Rise | 2023 | NAP | 27 | Units | 803,703.70 | 21,700,000 | 21,700,000 | 21,700,000 | 6.34000% | 0.015270% | 6.32473% | NAP | 116,240.67 |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 10004 | Mixed Use | Hospitality/Event Space | 1909 | 2021 | 146,486 | SF | 702.19 | 20,000,000 | 19,972,889 | 19,004,560 | 7.27000% | 0.015270% | 7.25473% | 136,706.67 | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | Various | Multifamily | Garden | Various | 2023 | 221 | Units | 79,864.25 | 17,650,000 | 17,650,000 | 17,650,000 | 7.59000% | 0.015270% | 7.57473% | NAP | 113,186.75 |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | 45225 | Multifamily | Garden | 1979 | 2023 | 48 | Units | 3,261,833 | 3,261,833 | 3,261,833 | |||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | 45229 | Multifamily | Garden | 1967 | 2023 | 37 | Units | 2,920,179 | 2,920,179 | 2,920,179 | |||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | 45229 | Multifamily | Garden | 1928 | 2023 | 24 | Units | 2,675,219 | 2,675,219 | 2,675,219 | |||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | 45233 | Multifamily | Garden | 1972 | 2023 | 33 | Units | 2,462,491 | 2,462,491 | 2,462,491 | |||||||
20.05 | Property | 1 | 915 Dana Avenue | 45229 | Multifamily | Garden | 1926 | 2023 | 29 | Units | 2,288,440 | 2,288,440 | 2,288,440 | |||||||
20.06 | Property | 1 | 725 Greenwood Avenue | 45229 | Multifamily | Garden | 1925 | 2023 | 24 | Units | 2,069,266 | 2,069,266 | 2,069,266 | |||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | 45211 | Multifamily | Garden | 1969 | 2023 | 26 | Units | 1,972,571 | 1,972,571 | 1,972,571 | |||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | Various | Hospitality | Limited Service | Various | Various | 243 | Rooms | 72,016.46 | 17,500,000 | 17,500,000 | 17,500,000 | 7.84000% | 0.015270% | 7.82473% | NAP | 115,921.30 | |
21.01 | Property | 1 | Hampton Inn Emporia | 23847 | Hospitality | Limited Service | 2005 | 2017 | 85 | Rooms | 6,952,000 | 6,952,000 | 6,952,000 | |||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | 23970 | Hospitality | Limited Service | 2007 | 2015 | 68 | Rooms | 6,027,000 | 6,027,000 | 6,027,000 | |||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | 22801 | Hospitality | Limited Service | 2008 | 2017 | 90 | Rooms | 4,521,000 | 4,521,000 | 4,521,000 | |||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | 10021 | Multifamily | Mid Rise | 1920 | 2023 | 14 | Units | 1,235,714.29 | 17,300,000 | 17,300,000 | 17,300,000 | 7.45000% | 0.015270% | 7.43473% | NAP | 108,895.89 |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 44132 | Multifamily | Garden | 1968 | 2022 | 738 | Units | 71,815.72 | 15,000,000 | 15,000,000 | 15,000,000 | 7.06000% | 0.015270% | 7.04473% | NAP | 89,475.69 |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | 08701 | Mixed Use | Retail/Office | 1973 | 2023 | 75,050 | SF | 199.87 | 15,000,000 | 15,000,000 | 15,000,000 | 7.53000% | 0.015270% | 7.51473% | NAP | 95,432.29 |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | 11211 | Multifamily | Mid Rise | 2023 | NAP | 16 | Units | 831,250.00 | 13,300,000 | 13,300,000 | 13,300,000 | 6.31000% | 0.015270% | 6.29473% | NAP | 70,907.16 |
26 | Loan | 1 | Home2 Suites Pensacola | 32514 | Hospitality | Extended Stay | 2017 | NAP | 106 | Rooms | 119,811.32 | 12,700,000 | 12,700,000 | 12,700,000 | 7.92000% | 0.015270% | 7.90473% | NAP | 84,984.17 | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | 11203 | Multifamily | Mid Rise | 2023 | NAP | 24 | Units | 383,333.33 | 9,200,000 | 9,200,000 | 9,200,000 | 7.49000% | 0.015270% | 7.47473% | NAP | 58,220.88 |
28 | Loan | 30 | 1 | 8 Hook Road | 07002 | Industrial | Warehouse/Distribution | 1955 | NAP | 65,300 | SF | 130.17 | 8,500,000 | 8,500,000 | 8,500,000 | 7.93000% | 0.015270% | 7.91473% | NAP | 56,950.98 |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | 10459 | Multifamily | Mid Rise | 2022 | NAP | 45 | Units | 187,777.78 | 8,450,000 | 8,450,000 | 8,450,000 | 6.94000% | 0.015270% | 6.92473% | NAP | 49,547.91 |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | Various | Various | Various | Various | NAP | Various | Various | 28.16 | 7,800,000 | 7,800,000 | 7,800,000 | 7.65000% | 0.015270% | 7.63473% | NAP | 50,415.63 |
30.01 | Property | 1 | Southern Comfort RV Park | 42749 | Manufactured Housing | RV Park | 2023 | NAP | 136 | Spaces | 4,704,000 | 4,704,000 | 4,704,000 | |||||||
30.02 | Property | 1 | Central Illinois Storage South | 62629 | Self Storage | Self Storage | 2013 | NAP | 89,600 | SF | 2,340,000 | 2,340,000 | 2,340,000 | |||||||
30.03 | Property | 1 | Central Illinois Storage North | 62629 | Self Storage | Self Storage | 2005 | NAP | 24,176 | SF | 756,000 | 756,000 | 756,000 | |||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | 10009 | Multifamily | Mid Rise | 1900 | 2023 | 10 | Units | 725,000.00 | 7,250,000 | 7,250,000 | 7,250,000 | 6.48700% | 0.015270% | 6.47173% | NAP | 39,736.63 |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | 10458 | Multifamily | Low Rise | 2023 | NAP | 24 | Units | 291,666.67 | 7,000,000 | 7,000,000 | 7,000,000 | 7.01500% | 0.015270% | 6.99973% | NAP | 41,489.18 |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | 33301 | Office | CBD | 2007 | NAP | 205,956 | SF | 267.05 | 5,900,000 | 5,900,000 | 5,900,000 | 8.25000% | 0.015270% | 8.23473% | NAP | 41,125.87 |
34 | Loan | 1 | Chippewa Place | 44141 | Multifamily | Independent Living | 1987 | 2023 | 102 | Units | 51,960.78 | 5,300,000 | 5,300,000 | 5,300,000 | 7.00300% | 0.015270% | 6.98773% | NAP | 31,359.50 | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | 12210 | Multifamily | Mid Rise | 1882 | 2022-2023 | 36 | Units | 144,861.11 | 5,215,000 | 5,215,000 | 5,215,000 | 6.80000% | 0.015270% | 6.78473% | NAP | 29,962.11 |
36 | Loan | 1 | Mini U Storage Vacaville | 95687 | Self Storage | Self Storage | 1977 | NAP | 40,430 | SF | 125.65 | 5,080,000 | 5,080,000 | 5,080,000 | 6.93000% | 0.015270% | 6.91473% | NAP | 29,744.46 | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | 33859 | Multifamily | Garden | 1959 | 2023 | 56 | Units | 89,285.71 | 5,000,000 | 5,000,000 | 5,000,000 | 7.75000% | 0.015270% | 7.73473% | NAP | 32,740.16 |
38 | Loan | 1 | The Hill | 31907 | Multifamily | Student Housing | 1975, 2002 | NAP | 258 | Beds | 15,891.47 | 4,100,000 | 4,100,000 | 4,042,925 | 8.24500% | 0.084020% | 8.16098% | 30,787.52 | 28,561.67 | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | 11206 | Multifamily | Mid Rise | 1920 | 2023 | 7 | Units | 585,714.29 | 4,100,000 | 4,100,000 | 4,100,000 | 7.18000% | 0.015270% | 7.16473% | NAP | 24,872.38 |
A-2 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date | Seasoning (Mos.) | Payment Due Date | First Payment Date | First P&I Payment Date | Maturity Date or Anticipated Repayment Date |
9 | 9 | ||||||||||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAP | 4,350,597.24 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/2/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | 4,076,644.44 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
2.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||||||||
2.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||||||||
2.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | NAP | 3,077,152.80 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
4 | Loan | 1 | 1 | Galleria at Sunset | 4,718,895.84 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 58 | 300 | 298 | 2/28/2024 | 2 | 6 | 4/6/2024 | 4/6/2024 | 3/6/2029 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | NAP | 3,210,499.44 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 3/1/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 |
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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | NAP | 2,216,503.08 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/31/2024 | 3 | 6 | 3/6/2024 | NAP | 2/6/2029 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | NAP | 2,556,216.72 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/12/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 |
8 | Loan | 23 | 1 | McGaw Commerce Center | NAP | 2,248,273.32 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/22/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | NAP | 1,907,429.16 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/9/2024 | 2 | 1 | 4/1/2024 | NAP | 3/1/2029 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | NAP | 2,291,591.64 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/18/2024 | 3 | 1 | 3/1/2024 | NAP | 2/1/2029 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | NAP | 2,476,829.16 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/19/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 2,524,571.64 | 2,290,374.96 | Interest Only, Amortizing Balloon | No | Actual/360 | 24 | 24 | 60 | 60 | 360 | 360 | 4/10/2024 | 0 | 6 | 6/6/2024 | 6/6/2026 | 5/6/2029 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | NAP | 2,268,731.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/3/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
14 | Loan | 7, 16, 19 | 1 | Respara | NAP | 1,596,875.04 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 2/6/2024 | 3 | 11 | 3/11/2024 | NAP | 2/11/2029 |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 2,116,909.44 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | 360 | 359 | 3/22/2024 | 1 | 11 | 5/11/2024 | 5/11/2024 | 4/11/2029 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | 1,933,612.80 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/4/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | 1,734,966.72 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/13/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | 1,394,888.06 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/4/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 1,640,480.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 58 | 360 | 358 | 2/23/2024 | 2 | 6 | 4/6/2024 | 4/6/2024 | 3/6/2029 |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | NAP | 1,358,241.04 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/10/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | ||||||||||||||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | ||||||||||||||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | ||||||||||||||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | ||||||||||||||||||
20.05 | Property | 1 | 915 Dana Avenue | ||||||||||||||||||
20.06 | Property | 1 | 725 Greenwood Avenue | ||||||||||||||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | ||||||||||||||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | NAP | 1,391,055.60 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 3/6/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 | |
21.01 | Property | 1 | Hampton Inn Emporia | ||||||||||||||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | ||||||||||||||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | ||||||||||||||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAP | 1,306,750.68 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 2/9/2024 | 3 | 6 | 3/6/2024 | NAP | 2/6/2029 |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | 1,073,708.28 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 1/31/2024 | 3 | 6 | 3/6/2024 | NAP | 2/6/2029 |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | NAP | 1,145,187.48 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | 850,885.97 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/22/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 |
26 | Loan | 1 | Home2 Suites Pensacola | NAP | 1,019,810.04 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 3/6/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | 698,650.56 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/12/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 |
28 | Loan | 30 | 1 | 8 Hook Road | NAP | 683,411.76 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | 594,574.86 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | NAP | 604,987.56 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/18/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
30.01 | Property | 1 | Southern Comfort RV Park | ||||||||||||||||||
30.02 | Property | 1 | Central Illinois Storage South | ||||||||||||||||||
30.03 | Property | 1 | Central Illinois Storage North | ||||||||||||||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | 476,839.55 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/29/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | 497,870.14 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/9/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | NAP | 493,510.44 | Interest Only | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 12/1/2023 | 5 | 6 | 1/6/2024 | NAP | 12/6/2028 |
34 | Loan | 1 | Chippewa Place | NAP | 376,314.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/12/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | 359,545.28 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/15/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
36 | Loan | 1 | Mini U Storage Vacaville | NAP | 356,933.50 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 3/6/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | 392,881.92 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/12/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 |
38 | Loan | 1 | The Hill | 369,450.24 | 342,740.04 | Interest Only, Amortizing Balloon | No | Actual/360 | 36 | 32 | 60 | 56 | 360 | 360 | 1/3/2024 | 4 | 6 | 2/6/2024 | 2/6/2027 | 1/6/2029 | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | 298,468.56 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/23/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 |
A-3 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Final Maturity Date | Grace Period - Late Fee (Days) | Grace Period - Default (Days) | Prepayment Provision | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) |
10 | 10 | 12 | 31 | 16 | 16 | |||||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | 4/6/2029 | 0 | 0 | L(25),D(29),O(6) | 7,894,069 | 1,190,865 | 6,703,204 | 2/29/2024 | T-3 Ann. | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 4/6/2029 | 0 | 0 | L(11),YM1(14),DorYM1(28),O(7) | 30,083,673 | 1,937,654 | 28,146,019 | 12/31/2023 | T-12 | 29,989,517 | 2,405,590 | 27,583,927 | 12/31/2022 | T-12 | 27,940,480 | 1,352,135 |
2.01 | Property | 1 | FCA USA - Detroit, MI | 9,124,678 | 980,812 | 8,143,866 | 12/31/2023 | T-12 | 8,520,112 | 650,834 | 7,869,278 | 12/31/2022 | T-12 | 7,504,173 | 492,597 | |||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,723,073 | 62,226 | 3,660,847 | 12/31/2023 | T-12 | 3,635,451 | 46,387 | 3,589,064 | 12/31/2022 | T-12 | 3,572,514 | 53,827 | |||||
2.03 | Property | 1 | Follett School - McHenry, IL | 2,078,309 | 15,385 | 2,062,924 | 12/31/2023 | T-12 | 2,282,237 | 242,928 | 2,039,309 | 12/31/2022 | T-12 | 2,175,499 | 14,055 | |||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | 1,339,488 | 263,265 | 1,076,223 | 12/31/2023 | T-12 | 1,258,092 | 199,160 | 1,058,932 | 12/31/2022 | T-12 | 1,185,273 | 140,625 | |||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,189,724 | 19,724 | 1,170,000 | 12/31/2023 | T-12 | 1,167,198 | 17,198 | 1,150,000 | 12/31/2022 | T-12 | 1,145,854 | 15,854 | |||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | 1,700,662 | 52,029 | 1,648,633 | 12/31/2023 | T-12 | 2,181,541 | 566,121 | 1,615,420 | 12/31/2022 | T-12 | 1,613,103 | 30,166 | |||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | 1,140,189 | 5,229 | 1,134,961 | 12/31/2023 | T-12 | 1,116,127 | 3,421 | 1,112,707 | 12/31/2022 | T-12 | 1,095,495 | 4,606 | |||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,196,256 | 12,180 | 1,184,076 | 12/31/2023 | T-12 | 1,168,826 | 7,967 | 1,160,859 | 12/31/2022 | T-12 | 1,148,824 | 10,727 | |||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,054,508 | 24,302 | 1,030,206 | 12/31/2023 | T-12 | 1,041,968 | 21,962 | 1,020,006 | 12/31/2022 | T-12 | 1,030,165 | 20,259 | |||||
2.10 | Property | 1 | Hannibal - Houston, TX | 1,437,384 | 291,247 | 1,146,137 | 12/31/2023 | T-12 | 1,440,392 | 316,728 | 1,123,664 | 12/31/2022 | T-12 | 1,418,165 | 316,534 | |||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | 853,366 | 12,834 | 840,532 | 12/31/2023 | T-12 | 990,505 | 148,531 | 841,974 | 12/31/2022 | T-12 | 960,054 | 145,240 | |||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | 720,000 | 5,328 | 714,672 | 12/31/2023 | T-12 | 723,486 | 3,486 | 720,000 | 12/31/2022 | T-12 | 721,756 | 1,756 | |||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 920,672 | 79,649 | 841,024 | 12/31/2023 | T-12 | 909,392 | 80,797 | 828,595 | 12/31/2022 | T-12 | 894,780 | 78,430 | |||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 661,814 | 6,949 | 654,865 | 12/31/2023 | T-12 | 646,522 | 4,435 | 642,087 | 12/31/2022 | T-12 | 640,692 | 2,212 | |||||
2.15 | Property | 1 | CSTK - St. Louis, MO | 995,619 | 94,628 | 900,991 | 12/31/2023 | T-12 | 990,341 | 87,739 | 902,602 | 12/31/2022 | T-12 | 917,357 | 14,755 | |||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 736,155 | 7,492 | 728,662 | 12/31/2023 | T-12 | 719,276 | 4,901 | 714,375 | 12/31/2022 | T-12 | 706,968 | 6,600 | |||||
2.17 | Property | 1 | AM Castle - Wichita, KS | 750,794 | 0 | 750,794 | 12/31/2023 | T-12 | 747,440 | 0 | 747,440 | 12/31/2022 | T-12 | 767,495 | 0 | |||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 387,452 | 3,946 | 383,506 | 12/31/2023 | T-12 | 378,568 | 2,581 | 375,987 | 12/31/2022 | T-12 | 372,089 | 3,475 | |||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 44,567 | 230 | 44,338 | 12/31/2023 | T-12 | 43,653 | 222 | 43,432 | 12/31/2022 | T-12 | 42,580 | 225 | |||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | 28,962 | 199 | 28,763 | 12/31/2023 | T-12 | 28,391 | 192 | 28,199 | 12/31/2022 | T-12 | 27,646 | 195 | |||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 4/6/2029 | 3 | 0 | L(25),D(28),O(7) | 51,646,088 | 18,128,650 | 33,517,438 | 12/31/2023 | T-12 | 48,016,236 | 17,307,963 | 30,708,273 | 12/31/2022 | T-12 | 46,966,435 | 15,927,879 |
4 | Loan | 1 | 1 | Galleria at Sunset | 3/6/2029 | 0 | 0 | L(26),D(27),O(7) | 18,473,957 | 5,084,300 | 13,389,658 | 11/30/2023 | T-12 | 17,986,772 | 4,974,957 | 13,011,815 | 12/31/2022 | T-12 | 13,798,603 | 4,525,732 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | 3/6/2029 | 0 | 0 | L(26),D(27),O(7) | 24,301,270 | 9,653,701 | 14,647,569 | 12/31/2023 | T-12 | 24,435,274 | 9,873,212 | 14,562,062 | 12/31/2022 | T-12 | NAV | NAV |
5.01 | Property | 1 | Imperial Center | 8,636,587 | 3,308,099 | 5,328,488 | 12/31/2023 | T-12 | 9,552,342 | 3,206,585 | 6,345,758 | 12/31/2022 | T-12 | NAV | NAV | |||||
5.02 | Property | 1 | Parkway Avalon | 4,977,017 | 2,012,737 | 2,964,280 | 12/31/2023 | T-12 | 4,862,899 | 2,301,902 | 2,560,997 | 12/31/2022 | T-12 | NAV | NAV | |||||
5.03 | Property | 1 | Apex 190 | 5,935,766 | 2,274,726 | 3,661,040 | 12/31/2023 | T-12 | 5,411,865 | 2,314,663 | 3,097,203 | 12/31/2022 | T-12 | NAV | NAV | |||||
5.04 | Property | 1 | Fairview | 4,751,900 | 2,058,139 | 2,693,761 | 12/31/2023 | T-12 | 4,608,168 | 2,050,063 | 2,558,105 | 12/31/2022 | T-12 | NAV | NAV | |||||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 2/6/2029 | 0 | 0 | L(27),D(29),O(4) | 6,371,300 | 1,950,521 | 4,420,779 | 12/31/2023 | T-12 | 5,758,768 | 1,994,369 | 3,764,399 | 12/31/2022 | T-12 | 5,187,288 | 1,804,174 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 5/6/2029 | 0 | 0 | L(24),D(29),O(7) | 12,482,069 | 8,354,039 | 4,128,030 | 2/29/2024 | T-12 | 12,981,501 | 8,553,389 | 4,428,112 | 12/31/2023 | T-12 | 13,076,746 | 8,469,693 |
8 | Loan | 23 | 1 | McGaw Commerce Center | 4/6/2029 | 0 | 0 | L(25),D(28),O(7) | 3,490,872 | 614,409 | 2,876,464 | 12/31/2023 | T-12 | 2,270,876 | 499,958 | 1,770,919 | 12/31/2022 | T-12 | 2,514,234 | 544,482 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 3/1/2029 | 0 | 0 | L(26),D(27),O(7) | 51,156,712 | 13,470,861 | 37,685,851 | 12/31/2023 | T-12 | 50,448,758 | 13,294,184 | 37,154,574 | 12/31/2022 | T-12 | 46,624,468 | 12,851,993 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | 2/1/2029 | 0 | 0 | L(27),D(26),O(7) | 62,702,116 | 26,119,900 | 36,582,216 | 10/31/2023 | T-12 | 64,758,020 | 31,478,198 | 33,279,822 | 12/31/2022 | T-12 | 56,053,376 | 32,087,459 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 4/6/2029 | 0 | 0 | L(25),D(30),O(5) | 5,733,659 | 2,318,186 | 3,415,473 | 12/31/2023 | T-12 | 5,984,955 | 2,645,044 | 3,339,911 | 12/31/2022 | T-12 | 5,700,173 | 2,320,191 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 5/6/2029 | 0 | 0 | L(24),D(29),O(7) | 28,300,056 | 9,525,214 | 18,774,842 | 1/31/2024 | T-12 | 28,260,517 | 9,469,511 | 18,791,006 | 12/31/2023 | T-12 | 26,441,098 | 8,973,322 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 4/6/2029 | 0 | 0 | L(25),D(28),O(7) | 9,371,145 | 5,543,161 | 3,827,984 | 2/29/2024 | T-12 | 9,279,539 | 5,530,687 | 3,748,852 | 12/31/2023 | T-12 | 8,671,212 | 4,907,614 |
14 | Loan | 7, 16, 19 | 1 | Respara | 2/11/2029 | 0 | 0 | L(27),DorYM1(26),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 4/11/2029 | 0 | 0 | L(25),DorYM1(28),O(7) | 4,407,309 | 1,188,518 | 3,218,791 | 12/31/2023 | T-12 | 4,187,232 | 1,125,666 | 3,061,566 | 12/31/2022 | T-12 | 4,078,166 | 1,090,664 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | 4/6/2029 | 0 | 0 | L(25),D(28),O(7) | 9,179,867 | 6,205,613 | 2,974,254 | 12/31/2023 | T-12 | 8,449,482 | 6,102,996 | 2,346,486 | 12/31/2022 | T-12 | 5,363,167 | 4,845,023 |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | 3/6/2029 | 0 | 0 | YM1(53),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | 4/6/2029 | 0 | 0 | L(25),D(30),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 3/6/2029 | 0 | 0 | L(26),D(27),O(7) | 76,670,902 | 53,018,686 | 23,652,216 | 12/31/2023 | T-12 | 62,610,528 | 46,051,002 | 16,559,526 | 12/31/2022 | T-12 | 19,895,595 | 19,620,191 |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | 5/6/2029 | 0 | 0 | L(24),D(31),O(5) | 1,978,381 | 844,001 | 1,134,380 | 2/29/2024 | T-12 | 1,804,457 | 720,849 | 1,083,608 | 12/31/2023 | T-12 | NAV | NAV |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | 439,843 | 148,168 | 291,676 | 2/29/2024 | T-12 | 414,372 | 133,364 | 281,008 | 12/31/2023 | T-12 | NAV | NAV | |||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | 286,795 | 124,507 | 162,288 | 2/29/2024 | T-12 | 259,992 | 101,161 | 158,830 | 12/31/2023 | T-12 | NAV | NAV | |||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | 235,413 | 100,048 | 135,365 | 2/29/2024 | T-12 | 187,549 | 80,859 | 106,691 | 12/31/2023 | T-12 | NAV | NAV | |||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | 281,428 | 133,532 | 147,895 | 2/29/2024 | T-12 | 259,047 | 122,582 | 136,465 | 12/31/2023 | T-12 | NAV | NAV | |||||
20.05 | Property | 1 | 915 Dana Avenue | 276,465 | 149,197 | 127,269 | 2/29/2024 | T-12 | 267,342 | 123,965 | 143,378 | 12/31/2023 | T-12 | NAV | NAV | |||||
20.06 | Property | 1 | 725 Greenwood Avenue | 198,575 | 71,312 | 127,264 | 2/29/2024 | T-12 | 162,971 | 64,556 | 98,415 | 12/31/2023 | T-12 | NAV | NAV | |||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | 259,862 | 117,238 | 142,624 | 2/29/2024 | T-12 | 253,184 | 94,363 | 158,822 | 12/31/2023 | T-12 | NAV | NAV | |||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | 3/6/2029 | 0 | 0 | L(26),D(27),O(7) | 8,637,279 | 5,687,483 | 2,949,796 | 1/31/2024 | T-12 | 8,527,326 | 5,675,123 | 2,852,204 | 12/31/2023 | T-12 | 7,995,409 | 5,209,004 | |
21.01 | Property | 1 | Hampton Inn Emporia | 3,285,640 | 2,170,919 | 1,114,722 | 1/31/2024 | T-12 | 3,244,040 | 2,176,305 | 1,067,735 | 12/31/2023 | T-12 | 2,984,820 | 1,935,961 | |||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | 2,735,417 | 1,551,111 | 1,184,306 | 1/31/2024 | T-12 | 2,661,321 | 1,540,741 | 1,120,580 | 12/31/2023 | T-12 | 2,379,947 | 1,340,751 | |||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | 2,616,222 | 1,965,453 | 650,768 | 1/31/2024 | T-12 | 2,621,966 | 1,958,077 | 663,889 | 12/31/2023 | T-12 | 2,630,642 | 1,932,293 | |||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | 2/6/2029 | 0 | 0 | L(12),YM1(44),O(4) | 1,063,145 | 445,668 | 617,477 | 12/31/2023 | T-12 | 794,671 | 426,359 | 368,312 | 12/31/2022 | T-8 Ann | NAV | NAV |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 2/6/2029 | 0 | 0 | L(27),D(29),O(4) | 8,905,892 | 2,772,457 | 6,133,435 | 12/31/2023 | T-12 | 8,464,424 | 2,528,661 | 5,935,763 | 12/31/2022 | T-12 Ann | 8,093,027 | 2,769,208 |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | 4/6/2029 | 0 | 0 | L(25),D(32),O(3) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | 3/6/2029 | 0 | 0 | L(26),D(29),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
26 | Loan | 1 | Home2 Suites Pensacola | 3/6/2029 | 0 | 0 | L(26),D(30),O(4) | 4,641,737 | 2,526,058 | 2,115,679 | 1/31/2024 | T-12 | 5,221,339 | 2,613,621 | 2,607,718 | 12/31/2022 | T-12 | 5,343,955 | 2,592,026 | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | 3/6/2029 | 0 | 0 | L(26),D(30),O(4) | 744,584 | 49,949 | 694,635 | 12/31/2023 | T-3 Ann | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
28 | Loan | 30 | 1 | 8 Hook Road | 4/6/2029 | 0 | 0 | L(25),D(31),O(4) | 979,500 | 0 | 979,500 | 2/28/2024 | T-12 | 734,625 | 0 | 734,625 | 12/31/2023 | T-12 | NAV | NAV |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | 4/6/2029 | 0 | 0 | L(25),D(30),O(5) | 239,781 | 63,564 | 176,218 | 12/31/2023 | T-6 | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | 4/6/2029 | 0 | 0 | L(25),D(31),O(4) | 1,538,481 | 340,873 | 1,197,608 | 2/28/2024 | T-3 Ann. | 506,175 | 96,866 | 409,309 | Various | Various | 488,996 | 89,932 |
30.01 | Property | 1 | Southern Comfort RV Park | 1,030,454 | 244,033 | 786,421 | 2/28/2024 | T-3 Ann. | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||
30.02 | Property | 1 | Central Illinois Storage South | 383,161 | 69,691 | 313,470 | 2/28/2024 | T-3 Ann. | 381,793 | 69,657 | 312,136 | 12/31/2023 | T-12 | 362,245 | 65,807 | |||||
30.03 | Property | 1 | Central Illinois Storage North | 124,866 | 27,149 | 97,718 | 2/28/2024 | T-3 Ann. | 124,382 | 27,209 | 97,173 | 12/31/2023 | T-12 | 126,751 | 24,125 | |||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | 3/6/2029 | 0 | 0 | L(26),D(30),O(4) | 317,441 | 60,027 | 257,414 | 12/31/2023 | T-6 | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | 5/6/2029 | 0 | 0 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | 12/6/2028 | 5 | 0 | L(29),D(24),O(7) | 10,474,739 | 4,494,234 | 5,980,505 | 9/30/2023 | T-12 | 10,343,810 | 4,143,801 | 6,200,009 | 12/31/2022 | T-12 | 9,593,629 | 3,703,208 |
34 | Loan | 1 | Chippewa Place | 5/6/2029 | 0 | 0 | L(24),D(32),O(4) | 1,694,091 | 757,487 | 936,604 | 1/31/2024 | T-12 | 1,647,317 | 662,131 | 985,186 | 12/31/2023 | T-12 | 1,373,762 | 761,817 | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | 4/6/2029 | 0 | 0 | L(25),D(31),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
36 | Loan | 1 | Mini U Storage Vacaville | 3/6/2029 | 0 | 0 | L(26),D(28),O(6) | 900,727 | 397,165 | 503,562 | 12/31/2023 | T-12 | 876,279 | 394,426 | 481,853 | 12/31/2022 | T-12 | 775,516 | 328,349 | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | 4/6/2029 | 0 | 0 | L(25),D(31),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
38 | Loan | 1 | The Hill | 1/6/2029 | 0 | 0 | L(28),D(29),O(3) | 1,784,090 | 1,421,498 | 362,593 | 10/31/2023 | T-12 | 1,651,797 | 1,287,664 | 364,132 | 12/31/2022 | T-12 | NAV | NAV | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | 3/6/2029 | 0 | 0 | L(11),YM1(42),O(7) | 437,064 | 28,730 | 408,334 | 1/31/2024 | T-4 Ann | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
A-4 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type |
16 | 31 | 15 | 7, 14 | 7, 14 | 7 | 7 | 5 | |||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAV | NAV | NAV | 94.3% | 11,953,146 | 1,465,007 | 10,488,139 | 54,727 | 23,270 | 10,410,143 | 1.44 | 1.43 | 9.0% | 8.9% | 205,200,000 | As Is |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 26,588,345 | 12/31/2021 | T-12 | 100.0% | 32,612,362 | 2,698,321 | 29,914,041 | 586,246 | 0 | 29,327,795 | 2.17 | 2.12 | 12.6% | 12.4% | 440,475,000 | As Is |
2.01 | Property | 1 | FCA USA - Detroit, MI | 7,011,576 | 12/31/2021 | T-12 | 100.0% | 10,165,096 | 1,216,851 | 8,948,245 | 149,553 | 0 | 8,798,692 | 130,900,000 | As Is | |||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,518,687 | 12/31/2021 | T-12 | 100.0% | 3,862,154 | 136,993 | 3,725,161 | 53,971 | 0 | 3,671,190 | 52,000,000 | As Is | |||||
2.03 | Property | 1 | Follett School - McHenry, IL | 2,161,445 | 12/31/2021 | T-12 | 100.0% | 2,257,626 | 60,838 | 2,196,789 | 73,030 | 0 | 2,123,759 | 37,600,000 | As Is | |||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | 1,044,648 | 12/31/2021 | T-12 | 100.0% | 1,482,908 | 319,310 | 1,163,598 | 19,587 | 0 | 1,144,011 | 21,500,000 | As Is | |||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,130,000 | 12/31/2021 | T-12 | 100.0% | 1,315,504 | 54,009 | 1,261,495 | 30,000 | 0 | 1,231,495 | 19,950,000 | As Is | |||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | 1,582,937 | 12/31/2021 | T-12 | 100.0% | 1,799,430 | 88,008 | 1,711,423 | 32,445 | 0 | 1,678,978 | 19,450,000 | As Is | |||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | 1,090,889 | 12/31/2021 | T-12 | 100.0% | 1,198,556 | 27,502 | 1,171,054 | 15,910 | 0 | 1,155,144 | 18,000,000 | As Is | |||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,138,097 | 12/31/2021 | T-12 | 100.0% | 1,255,057 | 33,326 | 1,221,732 | 37,050 | 0 | 1,184,682 | 17,900,000 | As Is | |||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,009,906 | 12/31/2021 | T-12 | 100.0% | 1,120,814 | 54,362 | 1,066,453 | 12,847 | 0 | 1,053,606 | 16,050,000 | As Is | |||||
2.10 | Property | 1 | Hannibal - Houston, TX | 1,101,631 | 12/31/2021 | T-12 | 100.0% | 1,552,566 | 340,787 | 1,211,779 | 16,350 | 0 | 1,195,429 | 15,900,000 | As Is | |||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | 814,814 | 12/31/2021 | T-12 | 100.0% | 855,554 | 26,656 | 828,898 | 20,773 | 0 | 808,125 | 14,700,000 | As Is | |||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | 720,000 | 12/31/2021 | T-12 | 100.0% | 851,541 | 20,629 | 830,912 | 16,950 | 0 | 813,962 | 13,450,000 | As Is | |||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 816,350 | 12/31/2021 | T-12 | 100.0% | 979,883 | 112,372 | 867,512 | 25,500 | 0 | 842,012 | 11,900,000 | As Is | |||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 638,480 | 12/31/2021 | T-12 | 100.0% | 700,694 | 18,761 | 681,932 | 18,000 | 0 | 663,932 | 11,300,000 | As Is | |||||
2.15 | Property | 1 | CSTK - St. Louis, MO | 902,602 | 12/31/2021 | T-12 | 100.0% | 1,124,754 | 131,892 | 992,862 | 8,404 | 0 | 984,458 | 11,200,000 | As Is | |||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 700,367 | 12/31/2021 | T-12 | 100.0% | 772,341 | 20,506 | 751,835 | 22,800 | 0 | 729,035 | 11,000,000 | As Is | |||||
2.17 | Property | 1 | AM Castle - Wichita, KS | 767,495 | 12/31/2021 | T-12 | 100.0% | 834,023 | 22,751 | 811,272 | 19,140 | 0 | 792,132 | 10,600,000 | As Is | |||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 368,614 | 12/31/2021 | T-12 | 100.0% | 406,497 | 10,794 | 395,703 | 12,000 | 0 | 383,703 | 5,800,000 | As Is | |||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 42,355 | 12/31/2021 | T-12 | 100.0% | 46,876 | 1,167 | 45,709 | 1,035 | 0 | 44,674 | 775,000 | As Is | |||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | 27,452 | 12/31/2021 | T-12 | 100.0% | 30,486 | 808 | 29,678 | 900 | 0 | 28,778 | 500,000 | As Is | |||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 31,038,555 | 12/31/2021 | T-12 | 74.9% | 41,557,426 | 17,664,098 | 23,893,328 | 115,621 | 1,022,942 | 22,754,765 | 2.50 | 2.39 | 15.4% | 14.7% | 420,000,000 | As Is |
4 | Loan | 1 | 1 | Galleria at Sunset | 9,272,871 | 12/31/2021 | T-12 | 77.1% | 18,385,416 | 5,231,739 | 13,153,676 | 301,136 | 1,205,136 | 11,647,404 | 2.79 | 2.47 | 26.9% | 23.8% | 95,000,000 | As Is |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | NAV | NAV | NAV | 81.7% | 27,017,073 | 10,082,300 | 16,934,772 | 325,733 | 1,179,607 | 15,429,432 | 2.10 | 1.91 | 15.7% | 14.3% | 195,500,000 | As Is |
5.01 | Property | 1 | Imperial Center | NAV | NAV | NAV | 69.5% | 8,526,911 | 3,392,708 | 5,134,203 | 134,949 | 424,847 | 4,574,406 | 67,000,000 | As Is | |||||
5.02 | Property | 1 | Parkway Avalon | NAV | NAV | NAV | 88.5% | 6,695,569 | 2,253,571 | 4,441,998 | 64,897 | 256,139 | 4,120,962 | 48,900,000 | As Is | |||||
5.03 | Property | 1 | Apex 190 | NAV | NAV | NAV | 92.6% | 5,847,044 | 2,335,186 | 3,511,857 | 61,451 | 256,305 | 3,194,102 | 36,200,000 | As Is | |||||
5.04 | Property | 1 | Fairview | NAV | NAV | NAV | 85.9% | 5,947,548 | 2,100,835 | 3,846,714 | 64,435 | 242,316 | 3,539,962 | 43,400,000 | As Is | |||||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 3,383,114 | 12/31/2021 | T-6 Ann | 93.9% | 6,225,121 | 2,146,846 | 4,078,275 | 82,173 | 0 | 3,996,102 | 1.46 | 1.43 | 8.5% | 8.3% | 65,900,000 | As Is |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 4,607,053 | 12/31/2022 | T-12 | 53.8% | 12,447,965 | 8,371,358 | 4,076,607 | 497,919 | 0 | 3,578,688 | 1.59 | 1.40 | 12.4% | 10.8% | 64,600,000 | As Is |
8 | Loan | 23 | 1 | McGaw Commerce Center | 1,969,752 | 12/31/2021 | T-12 | 93.8% | 3,356,173 | 595,724 | 2,760,449 | 28,105 | 0 | 2,732,344 | 1.23 | 1.22 | 8.5% | 8.4% | 50,100,000 | As Is |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 33,772,475 | 12/31/2021 | T-12 | 92.8% | 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% | 571,200,000 | As Is |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | 23,965,918 | 12/31/2021 | T-12 | 87.5% | 63,861,272 | 30,795,311 | 33,065,961 | 199,180 | 995,900 | 31,870,881 | 2.16 | 2.09 | 16.5% | 15.9% | 467,000,000 | As Is |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 3,379,982 | 12/31/2021 | T-12 | 92.0% | 6,323,608 | 2,305,206 | 4,018,401 | 31,097 | 105,483 | 3,881,822 | 1.62 | 1.57 | 13.4% | 12.9% | 44,500,000 | As Is |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 17,467,776 | 12/31/2022 | T-12 | 86.7% | 33,560,948 | 9,502,562 | 24,058,387 | 108,739 | 1,360,002 | 22,589,645 | 1.65 | 1.55 | 13.9% | 13.1% | 315,000,000 | As Is |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 3,763,598 | 12/31/2022 | T-12 | 93.1% | 9,345,646 | 5,654,583 | 3,691,064 | 373,826 | 0 | 3,317,238 | 1.63 | 1.46 | 13.0% | 11.7% | 45,400,000 | As Is |
14 | Loan | 7, 16, 19 | 1 | Respara | NAV | NAV | NAV | 94.9% | 6,722,232 | 1,803,306 | 4,918,926 | 13,500 | 0 | 4,905,426 | 1.25 | 1.25 | 8.0% | 8.0% | 93,000,000 | As Is |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 2,987,502 | 12/31/2021 | T-12 | 90.6% | 4,268,237 | 1,169,420 | 3,098,817 | 40,193 | 301,451 | 2,757,173 | 1.46 | 1.30 | 12.7% | 11.3% | 41,500,000 | As Is |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | 518,144 | 12/31/2021 | T-12 | 84.2% | 9,318,492 | 6,186,376 | 3,132,116 | 344,978 | 0 | 2,787,137 | 1.62 | 1.44 | 13.2% | 11.7% | 42,000,000 | As Is |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAV | NAV | NAV | 95.0% | 16,266,144 | 3,065,946 | 13,200,198 | 453,967 | 489,029 | 12,257,203 | 2.12 | 1.97 | 16.0% | 14.9% | 133,000,000 | As Is |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAV | NAV | NAV | 97.0% | 1,927,433 | 180,489 | 1,746,944 | 6,750 | 0 | 1,740,194 | 1.25 | 1.25 | 8.1% | 8.0% | 33,500,000 | As Is |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 275,404 | 12/31/2021 | T-12 | 65.0% | 76,670,902 | 54,048,705 | 22,622,197 | 2,526,674 | 0 | 20,095,523 | 2.68 | 2.38 | 22.0% | 19.5% | 206,000,000 | As Is |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | NAV | NAV | NAV | 95.0% | 2,652,649 | 800,214 | 1,852,435 | 55,741 | 0 | 1,796,693 | 1.36 | 1.32 | 10.5% | 10.2% | 27,380,000 | As Is |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | NAV | NAV | NAV | 95.0% | 508,722 | 150,557 | 358,165 | 12,996 | 0 | 345,168 | 5,060,000 | As Is | |||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | NAV | NAV | NAV | 95.0% | 447,718 | 133,558 | 314,160 | 6,747 | 0 | 307,413 | 4,530,000 | As Is | |||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | NAV | NAV | NAV | 95.0% | 370,101 | 96,057 | 274,045 | 8,684 | 0 | 265,361 | 4,150,000 | As Is | |||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | NAV | NAV | NAV | 95.0% | 367,429 | 118,731 | 248,699 | 8,047 | 0 | 240,652 | 3,820,000 | As Is | |||||
20.05 | Property | 1 | 915 Dana Avenue | NAV | NAV | NAV | 95.0% | 359,726 | 113,076 | 246,650 | 5,997 | 0 | 240,653 | 3,550,000 | As Is | |||||
20.06 | Property | 1 | 725 Greenwood Avenue | NAV | NAV | NAV | 95.0% | 293,936 | 77,974 | 215,962 | 10,405 | 0 | 205,557 | 3,210,000 | As Is | |||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | NAV | NAV | NAV | 95.0% | 305,016 | 110,261 | 194,755 | 2,866 | 0 | 191,889 | 3,060,000 | As Is | |||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | 2,786,404 | 12/31/2022 | T-12 | 75.8% | 8,637,279 | 5,710,635 | 2,926,644 | 345,491 | 0 | 2,581,153 | 2.10 | 1.86 | 16.7% | 14.7% | 32,450,000 | As Complete | |
21.01 | Property | 1 | Hampton Inn Emporia | 1,048,859 | 12/31/2022 | T-12 | 79.6% | 3,285,640 | 2,171,810 | 1,113,830 | 131,426 | 0 | 982,404 | 12,750,000 | As Complete | |||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | 1,039,196 | 12/31/2022 | T-12 | 85.6% | 2,735,417 | 1,552,519 | 1,182,898 | 109,417 | 0 | 1,073,482 | 10,700,000 | As Complete | |||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | 698,349 | 12/31/2022 | T-12 | 64.9% | 2,616,222 | 1,986,306 | 629,916 | 104,649 | 0 | 525,267 | 9,000,000 | As Complete | |||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAV | NAV | NAV | 98.0% | 2,018,790 | 450,510 | 1,568,280 | 3,299 | 0 | 1,564,981 | 1.20 | 1.20 | 9.1% | 9.0% | 25,000,000 | As Is |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 5,323,819 | 12/31/2021 | T-12 | 94.2% | 9,088,532 | 2,686,379 | 6,402,152 | 184,500 | 0 | 6,217,652 | 1.69 | 1.64 | 12.1% | 11.7% | 77,000,000 | As Is |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | NAV | NAV | NAV | 95.0% | 2,135,590 | 625,661 | 1,509,929 | 2,569 | 7,712 | 1,499,648 | 1.32 | 1.31 | 10.1% | 10.0% | 27,900,000 | As Is |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAV | NAV | NAV | 97.0% | 1,161,905 | 97,389 | 1,064,516 | 4,000 | 0 | 1,060,516 | 1.25 | 1.25 | 8.0% | 8.0% | 20,500,000 | As Is |
26 | Loan | 1 | Home2 Suites Pensacola | 2,751,929 | 12/31/2021 | T-12 | 79.7% | 4,641,737 | 2,560,581 | 2,081,157 | 185,669 | 0 | 1,895,487 | 2.04 | 1.86 | 16.4% | 14.9% | 22,500,000 | As Is | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAV | NAV | NAV | 97.0% | 970,432 | 91,530 | 878,902 | 5,065 | 2,650 | 871,187 | 1.26 | 1.25 | 9.6% | 9.5% | 16,300,000 | As Is |
28 | Loan | 30 | 1 | 8 Hook Road | NAV | NAV | NAV | 95.0% | 1,332,649 | 352,762 | 979,887 | 9,795 | 13,060 | 957,032 | 1.43 | 1.40 | 11.5% | 11.3% | 15,900,000 | As Is |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAV | NAV | NAV | 96.8% | 947,429 | 175,284 | 772,146 | 13,500 | 0 | 758,646 | 1.30 | 1.28 | 9.1% | 9.0% | 14,100,000 | As Is |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | 399,064 | Various | Various | 89.9% | 1,690,195 | 587,881 | 1,102,315 | 23,866 | 0 | 1,078,448 | 1.82 | 1.78 | 14.1% | 13.8% | 13,000,000 | As Is |
30.01 | Property | 1 | Southern Comfort RV Park | NAV | NAV | NAV | 90.0% | 1,196,340 | 386,218 | 810,122 | 6,800 | 0 | 803,322 | 7,840,000 | As Is | |||||
30.02 | Property | 1 | Central Illinois Storage South | 296,438 | 12/31/2022 | T-12 | 90.0% | 376,143 | 153,646 | 222,497 | 13,440 | 0 | 209,057 | 3,900,000 | As Is | |||||
30.03 | Property | 1 | Central Illinois Storage North | 102,626 | 12/31/2022 | T-12 | 88.3% | 117,712 | 48,017 | 69,695 | 3,626 | 0 | 66,069 | 1,260,000 | As Is | |||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAV | NAV | NAV | 97.0% | 738,056 | 103,702 | 634,354 | 2,500 | 0 | 631,854 | 1.33 | 1.33 | 8.7% | 8.7% | 12,000,000 | As Is |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAV | NAV | NAV | 96.9% | 875,095 | 106,478 | 768,617 | 6,000 | 0 | 762,617 | 1.54 | 1.53 | 11.0% | 10.9% | 12,050,000 | As Is |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | 5,890,421 | 12/31/2021 | T-12 | 91.4% | 11,258,615 | 4,817,557 | 6,441,058 | 57,668 | 285,022 | 6,098,368 | 1.40 | 1.33 | 11.7% | 11.1% | 102,500,000 | As Is |
34 | Loan | 1 | Chippewa Place | 611,945 | 12/31/2022 | T-12 | 95.0% | 1,742,383 | 740,483 | 1,001,899 | 26,112 | 0 | 975,787 | 2.66 | 2.59 | 18.9% | 18.4% | 9,000,000 | As Is | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAV | NAV | NAV | 95.0% | 613,395 | 144,942 | 468,453 | 9,504 | 0 | 458,949 | 1.30 | 1.28 | 9.0% | 8.8% | 7,500,000 | As Is |
36 | Loan | 1 | Mini U Storage Vacaville | 447,167 | 12/31/2021 | T-12 | 86.8% | 900,727 | 432,397 | 468,330 | 4,043 | 0 | 464,287 | 1.31 | 1.30 | 9.2% | 9.1% | 8,280,000 | As Is | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAV | NAV | NAV | 92.9% | 857,808 | 244,969 | 612,839 | 14,000 | 0 | 598,839 | 1.56 | 1.52 | 12.3% | 12.0% | 7,700,000 | As Is |
38 | Loan | 1 | The Hill | NAV | NAV | NAV | 86.3% | 1,779,443 | 1,250,934 | 528,509 | 32,250 | 0 | 496,259 | 1.43 | 1.34 | 12.9% | 12.1% | 8,400,000 | As Is | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAV | NAV | NAV | 98.0% | 429,384 | 35,146 | 394,238 | 1,400 | 0 | 392,838 | 1.32 | 1.32 | 9.6% | 9.6% | 7,100,000 | As Is |
A-5 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) | Leased Occupancy (%) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date |
5, 7 | 5, 7 | 3,4 | 4, 21, 22, 23, 28 | |||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | 2/28/2024 | 57.0% | 57.0% | 89.9% | 4/1/2024 | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Various | 53.8% | 53.8% | 100.0% | 5/6/2024 | |||||
2.01 | Property | 1 | FCA USA - Detroit, MI | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Fiat Chrysler | 997,022 | 100.0% | 7/2/2030 | |||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Grupo Antolin | 359,807 | 100.0% | 10/31/2032 | |||
2.03 | Property | 1 | Follett School - McHenry, IL | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Follett School Solutions | 486,868 | 100.0% | 12/31/2029 | |||
2.04 | Property | 1 | Shaw Aero - Naples, FL | 3/5/2024 | 100.0% | 5/6/2024 | Yes | Shaw Aero Devices | 130,581 | 100.0% | 12/31/2032 | |||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | 2/29/2024 | 100.0% | 5/6/2024 | Yes | KUKA Systems | 200,000 | 100.0% | 6/30/2034 | |||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | 3/1/2024 | 100.0% | 5/6/2024 | Yes | ZF Active Safety | 216,300 | 100.0% | 10/31/2033 | |||
2.07 | Property | 1 | CF Sauer - 184 Suburban | 3/1/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 106,066 | 100.0% | 7/31/2039 | |||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 247,000 | 100.0% | 7/31/2039 | |||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Walgreens | 85,646 | 100.0% | 11/30/2030 | |||
2.10 | Property | 1 | Hannibal - Houston, TX | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Hannibal Industries | 109,000 | 100.0% | 9/30/2029 | |||
2.11 | Property | 1 | FedEx IV - Lexington, KY | 3/7/2024 | 100.0% | 5/6/2024 | Yes | FedEx Ground | 138,487 | 100.0% | 4/30/2032 | |||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | 3/4/2024 | 100.0% | 5/6/2024 | Yes | VersaFlex | 113,000 | 100.0% | 12/31/2038 | |||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Cott Beverages | 170,000 | 100.0% | 1/31/2027 | |||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 3/1/2024 | 100.0% | 5/6/2024 | Yes | Dunlop Protective Footwear | 120,000 | 100.0% | 1/17/2031 | |||
2.15 | Property | 1 | CSTK - St. Louis, MO | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Central States Thermo King | 56,029 | 100.0% | 3/25/2030 | |||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 152,000 | 100.0% | 7/31/2039 | |||
2.17 | Property | 1 | AM Castle - Wichita, KS | 3/5/2024 | 100.0% | 5/6/2024 | Yes | A.M. Castle & Co | 127,600 | 100.0% | 10/31/2029 | |||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 80,000 | 100.0% | 7/31/2039 | |||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 3/4/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 6,900 | 100.0% | 7/31/2039 | |||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 6,000 | 100.0% | 7/31/2039 | |||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 2/15/2024 | 36.9% | 36.9% | 73.5% | 4/1/2024 | No | Aramis - Estee Lauder | 240,500 | 41.6% | 1/31/2028 |
4 | Loan | 1 | 1 | Galleria at Sunset | 11/28/2023 | 51.5% | 48.2% | 83.2% | 1/1/2024 | No | Dick's Sporting Goods | 81,312 | 18.4% | 1/31/2028 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | Various | 55.2% | 55.2% | 82.4% | 12/31/2023 | |||||
5.01 | Property | 1 | Imperial Center | 1/23/2024 | 69.7% | 12/31/2023 | No | Bioventus, LLC | 52,121 | 12.7% | 9/30/2028 | |||
5.02 | Property | 1 | Parkway Avalon | 1/17/2024 | 89.0% | 12/31/2023 | No | Open Text - GXS | 41,382 | 21.0% | 4/30/2029 | |||
5.03 | Property | 1 | Apex 190 | 1/17/2024 | 100.0% | 12/31/2023 | No | Paragon Healthcare, Inc. | 103,249 | 55.4% | 12/31/2030 | |||
5.04 | Property | 1 | Fairview | 1/17/2024 | 85.6% | 12/31/2023 | No | SPIN SYSTEMS INC. | 24,513 | 12.6% | 8/31/2028 | |||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 1/3/2024 | 72.8% | 72.8% | 97.3% | 1/18/2024 | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 12/27/2023 | 51.1% | 51.1% | 53.8% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 23 | 1 | McGaw Commerce Center | 2/14/2024 | 64.9% | 64.9% | 94.6% | 2/8/2024 | No | BA Products | 82,446 | 29.3% | 9/30/2027 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 1/23/2024 | 45.5% | 45.5% | 95.2% | 12/31/2023 | No | Macy's | 262,829 | 25.4% | 9/10/2028 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | 8/22/2023 | 42.8% | 42.8% | 87.3% | 11/30/2023 | No | Primark | 73,647 | 7.4% | 6/30/2027 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 1/18/2024 | 67.4% | 67.4% | 91.5% | 3/15/2024 | No | LJA Engineering, Inc. | 29,032 | 18.7% | 4/30/2029 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 2/20/2024 | 54.9% | 53.5% | 83.8% | 3/1/2024 | No | Nestle USA, Inc. | 299,779 | 55.1% | 11/30/2032 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 3/4/2024 | 62.5% | 62.5% | 93.1% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 16, 19 | 1 | Respara | 1/5/2024 | 66.1% | 66.1% | 96.3% | 2/1/2024 | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 11/8/2023 | 58.8% | 56.2% | 90.7% | 3/18/2024 | No | State of WA - Dept. of Social and Health Services (DSHS) | 78,396 | 39.0% | 31,320 SF expiring 1/31/2027; 15,836 SF expiring 4/30/2027; 31,240 SF expiring 2/28/2029 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | 1/1/2024 | 56.5% | 56.5% | 62.0% | 1/31/2024 | No | Blue Ribbon Sushi Bar & Grill | 3,167 | 100.0% | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | 1/11/2024 | 62.0% | 62.0% | 100.0% | 5/6/2024 | Yes | Lexmark | 1,449,072 | 100.0% | 12/31/2043 |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | 12/6/2023 | 64.8% | 64.8% | 100.0% | 3/26/2024 | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 8/10/2023 | 49.9% | 47.5% | 65.0% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | 2/28/2024 | 64.5% | 64.5% | 97.3% | 4/8/2024 | |||||
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | 2/28/2024 | 95.8% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | 2/28/2024 | 97.3% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | 2/28/2024 | 95.8% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
20.04 | Property | 1 | 6390-6406 Gracely Drive | 2/28/2024 | 97.0% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
20.05 | Property | 1 | 915 Dana Avenue | 2/28/2024 | 100.0% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
20.06 | Property | 1 | 725 Greenwood Avenue | 2/28/2024 | 95.8% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | 2/28/2024 | 100.0% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | |||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | 12/4/2024 | 53.9% | 53.9% | 75.8% | 1/31/2024 | ||||||
21.01 | Property | 1 | Hampton Inn Emporia | 12/4/2024 | 79.6% | 1/31/2024 | NAP | NAP | NAP | NAP | NAP | |||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | 12/4/2024 | 85.6% | 1/31/2024 | NAP | NAP | NAP | NAP | NAP | |||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | 12/4/2024 | 64.9% | 1/31/2024 | NAP | NAP | NAP | NAP | NAP | |||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | 1/5/2024 | 69.2% | 69.2% | 100.0% | 2/1/2024 | No | Gary Steven Berger and Kenneth R. Francis | 2,000 | 60.1% | 2/28/2026 |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 12/12/2023 | 68.8% | 68.8% | 95.4% | 1/11/2024 | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | 10/17/2023 | 53.8% | 53.8% | 96.6% | 2/15/2024 | No | Kochvei Ohr Special Needs | 26,277 | 35.0% | 6/30/2028 |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | 12/6/2023 | 64.9% | 64.9% | 68.8% | 2/21/2024 | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | 1/25/2024 | 56.4% | 56.4% | 79.7% | 1/31/2024 | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | 12/18/2023 | 56.4% | 56.4% | 100.0% | 1/25/2024 | NAP | Kareful and Karefree Training School | 2,650 | 100.0% | 7/1/2028 |
28 | Loan | 30 | 1 | 8 Hook Road | 2/8/2024 | 53.5% | 53.5% | 100.0% | 5/6/2024 | Yes | United Porte Inc. | 65,300 | 100.0% | 2/28/2033 |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | 12/22/2023 | 59.9% | 59.9% | 100.0% | 3/25/2024 | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | Various | 60.0% | 60.0% | Various | 3/19/2024 | |||||
30.01 | Property | 1 | Southern Comfort RV Park | 2/3/2024 | 100.0% | 3/19/2024 | NAP | NAP | NAP | NAP | NAP | |||
30.02 | Property | 1 | Central Illinois Storage South | 2/8/2024 | 95.2% | 3/19/2024 | NAP | NAP | NAP | NAP | NAP | |||
30.03 | Property | 1 | Central Illinois Storage North | 2/8/2024 | 95.5% | 3/19/2024 | NAP | NAP | NAP | NAP | NAP | |||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | 11/21/2023 | 60.4% | 60.4% | 90.0% | 2/28/2024 | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | 2/1/2024 | 58.1% | 58.1% | 100.0% | 4/5/2024 | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | 11/15/2023 | 53.7% | 53.7% | 92.5% | 10/31/2023 | No | AutoNation | 158,892 | 77.1% | 12/31/2029 |
34 | Loan | 1 | Chippewa Place | 2/20/2024 | 58.9% | 58.9% | 100.0% | 4/1/2024 | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | 2/9/2024 | 69.5% | 69.5% | 97.2% | 2/1/2024 | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | 1/31/2024 | 61.4% | 61.4% | 86.2% | 2/27/2024 | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | 1/8/2024 | 64.9% | 64.9% | 94.6% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | The Hill | 12/4/2023 | 48.8% | 48.1% | 91.5% | 12/4/2023 | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | 1/31/2024 | 57.7% | 57.7% | 100.0% | 1/19/2024 | NAP | NAP | NAP | NAP | NAP |
A-6 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date |
4, 21, 22, 23, 28 | 4, 21, 22, 23, 28 | |||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | ||||||||
2.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | Home Depot | 118,500 | 20.5% | 1/31/2036 | RAMP | 66,000 | 11.4% | 11/30/2029 |
4 | Loan | 1 | 1 | Galleria at Sunset | H&M | 19,213 | 4.3% | 1/31/2029 | Victoria's Secret | 11,712 | 2.7% | 1/31/2025 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | ||||||||
5.01 | Property | 1 | Imperial Center | Principled Tech | 41,176 | 10.1% | 3/31/2028 | Marken LLP | 29,319 | 7.2% | 10/31/2028 | |
5.02 | Property | 1 | Parkway Avalon | Kimley-Horn and Associates | 35,407 | 18.0% | 2/29/2028 | Stone Resource LLC | 17,437 | 8.9% | 7/31/2032 | |
5.03 | Property | 1 | Apex 190 | Republic Title of Texas, Inc. | 35,010 | 18.8% | 5/31/2035 | Samsung SDS Global SCL America, Inc. | 32,424 | 17.4% | 6/30/2025 | |
5.04 | Property | 1 | Fairview | ECONOMIC SYSTEMS INC. | 17,929 | 9.2% | 7/31/2028 | GLOBAL TEL LINK | 16,374 | 8.4% | 1/31/2028 | |
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 13, 19 | 1 | Sheraton Park City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 23 | 1 | McGaw Commerce Center | KC Beauty & Cosmetics Columbia, Inc. | 28,695 | 10.2% | 10/31/2026 | Utz Quality Foods, LLC | 23,439 | 8.3% | 1/31/2029 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | Dillard's | 240,656 | 23.3% | 1/31/2029 | Arhaus Furniture | 16,925 | 1.6% | 1/31/2032 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | AMC Theatres | 54,000 | 5.4% | 2/28/2034 | Hobby Lobby | 42,768 | 4.3% | 5/31/2033 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | RGN-Austin VIII, LLC | 14,521 | 9.3% | 2/17/2025 | Hospitalists Now, Inc. | 14,254 | 9.2% | 2/28/2025 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | Humana Inc. | 46,784 | 8.6% | 5/31/2031 | Oracle America, Inc. | 46,262 | 8.5% | 8,187 SF expiring 6/30/2030; 38,075 SF expiring 12/31/2029 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 16, 19 | 1 | Respara | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | State of WA - Dept. of Retirement Systems (DRS) | 57,741 | 28.7% | 2/28/2029 | State of WA - Dept. of Financial Institutions (DFI) | 46,086 | 22.9% | 2/28/2028 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | ||||||||
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20.02 | Property | 1 | 669 & 686 Gholson Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20.04 | Property | 1 | 6390-6406 Gracely Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20.05 | Property | 1 | 915 Dana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20.06 | Property | 1 | 725 Greenwood Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | |||||||||
21.01 | Property | 1 | Hampton Inn Emporia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21.03 | Property | 1 | Hampton Inn Harrisonburg South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 4, 19 | 1 | 114 East 71st Street | Georgia Louise, Inc. | 1,327 | 39.9% | 9/30/2025 | NAP | NAP | NAP | NAP |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | Center Fresh Supermarket | 20,294 | 27.0% | 5/31/2032 | Whoopi Children's Boutique | 6,225 | 8.3% | 7/31/2032 |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 30 | 1 | 8 Hook Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | ||||||||
30.01 | Property | 1 | Southern Comfort RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.02 | Property | 1 | Central Illinois Storage South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.03 | Property | 1 | Central Illinois Storage North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | Janney Montgomery Scott, LLC | 5,982 | 2.9% | 12/31/2027 | Callahan & Fusco | 4,975 | 2.4% | 5/31/2028 |
34 | Loan | 1 | Chippewa Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | The Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-7 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) |
4, 21, 22, 23, 28 | 4, 21, 22, 23, 28 | ||||||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | |||||||||||||
2.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | |
2.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/13/2024 | NAP | NAP | |
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | |
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/15/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | |
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/6/2024 | NAP | NAP | |
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP |
4 | Loan | 1 | 1 | Galleria at Sunset | Jellyland | 10,297 | 2.3% | 9/30/2029 | Forever 21 | 9,900 | 2.2% | 1/31/2027 | 1/24/2024 | NAP | 2/7/2024 | NAP | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | |||||||||||||
5.01 | Property | 1 | Imperial Center | Total Quality Logistics (aka TQL) | 27,307 | 6.7% | 12/31/2027 | GF Management Company, LLC | 18,220 | 4.5% | 11/30/2029 | 1/18/2024 | NAP | 1/18/2024 | NAP | NAP | |
5.02 | Property | 1 | Parkway Avalon | Peachtree Orthopaedic Clinic | 10,560 | 5.4% | 6/30/2029 | Atlanta Office Ventures, LLC | 9,801 | 5.0% | 10/31/2025 | 1/18/2024 | NAP | 1/18/2024 | NAP | NAP | |
5.03 | Property | 1 | Apex 190 | Reliant at Home Inc. | 8,008 | 4.3% | 10/31/2027 | Parry Labs, LLC | 7,524 | 4.0% | 6/30/2028 | 1/18/2024 | NAP | 1/18/2024 | NAP | NAP | |
5.04 | Property | 1 | Fairview | COMMUNICATIONS TRAINING ANA | 14,345 | 7.3% | 6/30/2033 | CACI, Inc. - Federal (fka Next Century) | 11,371 | 5.8% | 11/30/2027 | 1/18/2024 | NAP | 1/18/2024 | NAP | NAP | |
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/9/2024 | NAP | 1/9/2024 | NAP | NAP |
7 | Loan | 13, 19 | 1 | Sheraton Park City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 1/2/2024 | 1/2/2024 | 4% |
8 | Loan | 23 | 1 | McGaw Commerce Center | Habitat for Humanity of the Chesapeake, Inc. | 19,363 | 6.9% | 6/30/2026 | Potomac Cricket Sports Club, LLC | 18,954 | 6.7% | 1/31/2027 | 2/16/2024 | NAP | 2/16/2024 | NAP | NAP |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | Forever 21 | 16,638 | 1.6% | MTM | Pottery Barn | 15,913 | 1.5% | 1/31/2030 | 1/17/2024 | NAP | 1/16/2024 | NAP | NAP |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | Dave & Buster's | 41,241 | 4.1% | 1/31/2033 | Lidl | 37,403 | 3.8% | 1/31/2039 | 9/5/2023 | NAP | 9/5/2023 | NAP | NAP |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | Amica Mutual Insurance Company | 13,584 | 8.7% | 7/31/2027 | Sheehy, Ware, Pappas & Grubbs, P.C. | 9,964 | 6.4% | 3/31/2034 | 1/22/2024 | NAP | 1/22/2024 | NAP | NAP |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | Graham Holdings Company | 24,023 | 4.4% | 4/30/2040 | National Electrical Manufacturers Association | 11,839 | 2.2% | 9/30/2036 | 3/15/2024 | NAP | 3/15/2024 | NAP | NAP |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/11/2024 | 3/8/2024 | 7% |
14 | Loan | 7, 16, 19 | 1 | Respara | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/10/2024 | NAP | 1/11/2024 | 1/11/2024 | 9% |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/21/2023 | NAP | 11/22/2023 | 11/22/2023 | 8% |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/19/2023 | NAP | 12/19/2023 | NAP | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/25/2023 | NAP | 10/9/2023 | NAP | NAP |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/14/2023 | NAP | 12/13/2023 | NAP | NAP |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/24/2023 | NAP | 8/23/2023 | NAP | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | |||||||||||||
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/25/2024 | NAP | 3/27/2024 | NAP | NAP | |
20.02 | Property | 1 | 669 & 686 Gholson Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/14/2024 | NAP | 3/27/2024 | NAP | NAP | |
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/20/2024 | NAP | 3/27/2024 | NAP | NAP | |
20.04 | Property | 1 | 6390-6406 Gracely Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/25/2024 | NAP | 3/27/2024 | NAP | NAP | |
20.05 | Property | 1 | 915 Dana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/14/2024 | NAP | 3/27/2024 | NAP | NAP | |
20.06 | Property | 1 | 725 Greenwood Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/20/2024 | NAP | 3/27/2024 | NAP | NAP | |
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/14/2024 | NAP | 3/27/2024 | NAP | NAP | |
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | ||||||||||||||
21.01 | Property | 1 | Hampton Inn Emporia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/11/2023 | NAP | 12/11/2023 | NAP | NAP | |
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/11/2023 | NAP | 12/11/2023 | NAP | NAP | |
21.03 | Property | 1 | Hampton Inn Harrisonburg South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/11/2023 | NAP | 12/11/2023 | NAP | NAP | |
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/11/2024 | NAP | 1/11/2024 | NAP | NAP |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/28/2023 | NAP | 12/28/2023 | NAP | NAP |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | Chemed Health Medical Center | 4,596 | 6.1% | 5/31/2028 | Yossi Moskowitz | 3,687 | 4.9% | 12/31/2027 | 10/11/2023 | NAP | 10/11/2023 | NAP | NAP |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/14/2023 | NAP | 12/13/2023 | NAP | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/2/2024 | NAP | 2/2/2024 | NAP | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/22/2023 | NAP | 12/22/2023 | NAP | NAP |
28 | Loan | 30 | 1 | 8 Hook Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/15/2024 | NAP | 2/16/2024 | NAP | NAP |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/4/2024 | NAP | 1/8/2024 | NAP | NAP |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | |||||||||||||
30.01 | Property | 1 | Southern Comfort RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/12/2024 | NAP | 2/12/2024 | NAP | NAP | |
30.02 | Property | 1 | Central Illinois Storage South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/12/2024 | NAP | 2/12/2024 | NAP | NAP | |
30.03 | Property | 1 | Central Illinois Storage North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/12/2024 | NAP | 2/12/2024 | NAP | NAP | |
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/19/2023 | NAP | 12/18/2023 | NAP | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/9/2024 | NAP | 2/9/2024 | NAP | NAP |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | Palisades Hudson Financial Group LLC | 3,970 | 1.9% | 01/31/2029 | SRS National Net Lease Group | 3,409 | 1.7% | 9/30/2025 | 5/3/2023 | NAP | 5/3/2023 | NAP | NAP |
34 | Loan | 1 | Chippewa Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 11/6/2023 | NAP | 2/22/2024 | NAP | NAP | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/11/2024 | NAP | 2/16/2024 | NAP | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/5/2024 | NAP | 2/5/2024 | 2/5/2024 | 13% | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/17/2024 | NAP | 1/17/2024 | NAP | NAP |
38 | Loan | 1 | The Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 12/8/2023 | NAP | 12/8/2023 | NAP | NAP | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/7/2024 | NAP | 2/7/2024 | NAP | NAP |
A-8 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) |
17 | 18 | 19 | 18 | 19 | 18 | 19 | 20 | 18 | ||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | No | Fee | NAP | NAP | NAP | NAP | 20,811 | 4,162 | 150,978 | 12,582 | 0 | 4,561 | 0 | 0 |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 376,843 | 94,211 | 0 | Springing | 0 | Springing | 0 | 0 | ||||||
2.01 | Property | 1 | FCA USA - Detroit, MI | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.03 | Property | 1 | Follett School - McHenry, IL | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | Yes - AE | Fee | NAP | NAP | NAP | NAP | |||||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.10 | Property | 1 | Hannibal - Houston, TX | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | No | Fee | NAP | NAP | NAP | NAP | |||||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | No | Fee | NAP | NAP | NAP | NAP | |||||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | No | Fee | NAP | NAP | NAP | NAP | 4,088,374 | 1,022,093 | 0 | Springing | 0 | 9,635 | 346,863 | 0 |
4 | Loan | 1 | 1 | Galleria at Sunset | No | Fee | NAP | NAP | NAP | NAP | 170,055 | 85,027 | 90,552 | 18,110 | 400,000 | 26,761 | 0 | 1,200,000 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | 717,296 | 192,136 | 0 | Springing | 3,500,000 | 27,144 | 0 | 10,000,000 | ||||||
5.01 | Property | 1 | Imperial Center | No | Fee | NAP | NAP | NAP | NAP | |||||||||
5.02 | Property | 1 | Parkway Avalon | No | Fee | NAP | NAP | NAP | NAP | |||||||||
5.03 | Property | 1 | Apex 190 | No | Fee | NAP | NAP | NAP | NAP | |||||||||
5.04 | Property | 1 | Fairview | No | Fee | NAP | NAP | NAP | NAP | |||||||||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | No | Fee | NAP | NAP | NAP | NAP | 207,833 | 51,958 | 80,244 | 40,122 | 0 | 6,850 | 0 | 0 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | No | Fee | NAP | NAP | NAP | NAP | 107,639 | 15,377 | 0 | Springing | 0 | 46,805 | 0 | 0 |
8 | Loan | 23 | 1 | McGaw Commerce Center | No | Fee | NAP | NAP | NAP | NAP | 240,403 | 30,050 | 45,473 | 5,053 | 0 | 2,342 | 0 | 750,000 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 516,571 | 0 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 497,950 | 4,580,787 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | No | Fee | NAP | NAP | NAP | NAP | 260,505 | 65,126 | 98,750 | 7,596 | 0 | 2,591 | 0 | 500,000 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | No | Fee | NAP | NAP | NAP | NAP | 1,847,102 | 307,850 | 22,645 | 2,516 | 0 | 9,062 | 0 | 0 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | No | Fee | NAP | NAP | NAP | NAP | 23,069 | 23,069 | 0 | Springing | 0 | 31,237 | 0 | 0 |
14 | Loan | 7, 16, 19 | 1 | Respara | No | Fee | NAP | NAP | NAP | NAP | 55,544 | 55,544 | 0 | Springing | 0 | 1,125 | 40,500 | 0 |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | No | Fee | NAP | NAP | NAP | NAP | 0 | 47,995 | 0 | Springing | 0 | 3,349 | 0 | 400,000 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | No | Fee | NAP | NAP | NAP | NAP | 301,284 | 60,257 | 95,822 | 10,647 | 0 | 28,614 | 0 | 0 |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | No | Fee | NAP | NAP | NAP | NAP | 110,774 | 27,694 | 13,392 | 2,678 | 0 | 563 | 0 | 0 |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | Yes - VE | Leasehold | 6/30/2061 | 5, 10-year extension options | 2,087,004 | Yes | 437,500 | 87,500 | 356,769 | 178,384 | 0 | 210,556 | 0 | 0 |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | 0 | 18,045 | 31,964 | 7,546 | 0 | 4,645 | 0 | 0 | ||||||
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | No | Fee | NAP | NAP | NAP | NAP | |||||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | No | Fee | NAP | NAP | NAP | NAP | |||||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | No | Fee | NAP | NAP | NAP | NAP | |||||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | No | Fee | NAP | NAP | NAP | NAP | |||||||||
20.05 | Property | 1 | 915 Dana Avenue | No | Fee | NAP | NAP | NAP | NAP | |||||||||
20.06 | Property | 1 | 725 Greenwood Avenue | No | Fee | NAP | NAP | NAP | NAP | |||||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | No | Fee | NAP | NAP | NAP | NAP | |||||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | 65,043 | 16,261 | 0 | Springing | 0 | 0 | 0 | 0 | |||||||
21.01 | Property | 1 | Hampton Inn Emporia | No | Fee | NAP | NAP | NAP | NAP | |||||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | No | Fee | NAP | NAP | NAP | NAP | |||||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | No | Fee | NAP | NAP | NAP | NAP | |||||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | No | Fee | NAP | NAP | NAP | NAP | 74,770 | 23,737 | 0 | Springing | 0 | 275 | 0 | 0 |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | No | Fee | NAP | NAP | NAP | NAP | 139,130 | 66,253 | 37,141 | 17,686 | 1,000,000 | 15,375 | 0 | 0 |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | No | Fee | NAP | NAP | NAP | NAP | 6,842 | 6,842 | 3,947 | 3,947 | 22,000 | 0 | 0 | 136,000 |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | No | Fee | NAP | NAP | NAP | NAP | 52,306 | 17,435 | 7,221 | 1,543 | 0 | 333 | 0 | 0 |
26 | Loan | 1 | Home2 Suites Pensacola | No | Fee | NAP | NAP | NAP | NAP | 35,631 | 7,126 | 213,006 | 19,364 | 0 | 15,056 | 0 | 0 | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | No | Fee | NAP | NAP | NAP | NAP | 34,968 | 11,101 | 12,807 | 1,525 | 0 | 422 | 0 | 0 |
28 | Loan | 30 | 1 | 8 Hook Road | No | Fee | NAP | NAP | NAP | NAP | 31,095 | 14,807 | 61,073 | 5,816 | 0 | 816 | 0 | 0 |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | No | Fee | NAP | NAP | NAP | NAP | 386 | 97 | 27,905 | 3,582 | 13,500 | 1,125 | 0 | 0 |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | 24,575 | 2,731 | 4,102 | 2,051 | 0 | 1,989 | 0 | 0 | ||||||
30.01 | Property | 1 | Southern Comfort RV Park | No | Fee | NAP | NAP | NAP | NAP | |||||||||
30.02 | Property | 1 | Central Illinois Storage South | No | Fee | NAP | NAP | NAP | NAP | |||||||||
30.03 | Property | 1 | Central Illinois Storage North | No | Fee | NAP | NAP | NAP | NAP | |||||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | No | Fee | NAP | NAP | NAP | NAP | 10,902 | 2,726 | 10,328 | 833 | 0 | 208 | 0 | 0 |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | No | Fee | NAP | NAP | NAP | NAP | 1,172 | 234 | 5,703 | 1,901 | 0 | 500 | 0 | 0 |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | Yes - AH | Fee | NAP | NAP | NAP | NAP | 0 | 117,194 | 132,172 | 44,057 | 0 | 4,806 | 0 | 2,000,000 |
34 | Loan | 1 | Chippewa Place | No | Fee | NAP | NAP | NAP | NAP | 43,026 | 8,605 | 8,504 | 3,271 | 0 | 2,176 | 0 | 0 | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | No | Fee/Leasehold | 10/17/2079 | None | 1 | No | 25,289 | 4,289 | 19,924 | 1,761 | 0 | 792 | 0 | 0 |
36 | Loan | 1 | Mini U Storage Vacaville | Yes - A | Fee | NAP | NAP | NAP | NAP | 21,951 | 7,317 | 16,091 | 2,288 | 0 | 337 | 0 | 0 | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | No | Fee | NAP | NAP | NAP | NAP | 8,109 | 3,119 | 19,648 | 5,397 | 0 | 1,167 | 0 | 0 |
38 | Loan | 1 | The Hill | No | Fee | NAP | NAP | NAP | NAP | 26,588 | 8,863 | 21,686 | 9,389 | 0 | 2,688 | 0 | 0 | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | No | Fee | NAP | NAP | NAP | NAP | 2,331 | 740 | 5,337 | 508 | 0 | 117 | 0 | 0 |
A-9 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | 1,939 | 69,804 | 0 | 0 | 0 | 0 | 482,738 | 0 |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Springing | 0 | 0 | 0 | 0 | 0 | 1,634,412 | 0 |
2.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||
2.03 | Property | 1 | Follett School - McHenry, IL | |||||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||
2.10 | Property | 1 | Hannibal - Houston, TX | |||||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | |||||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 0 | 0 | 0 | 0 | 0 | 0 | 27,248,306 | 0 |
4 | Loan | 1 | 1 | Galleria at Sunset | 110,428 | 0 | 0 | 0 | 0 | 562,235 | 959,466 | 0 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | Springing | 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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | Springing |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 0 | 0 | 0 | 0 | 0 | 415,990 | 978,000 | 326,000 |
8 | Loan | 23 | 1 | McGaw Commerce Center | 0 | 0 | 0 | 0 | 0 | 377,313 | 40,000 | 0 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 129,143 | 3,099,423 | 0 | 0 | 0 | 0 | 3,966,953 | 0 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | Springing | 1,991,800 | 0 | 0 | 0 | 0 | 403,197 | Springing |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 12,957 | 950,000 | 0 | 0 | 0 | 0 | 28,301 | 0 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 113,334 | 0 | 0 | 0 | 0 | 0 | 7,781,444 | 0 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
14 | Loan | 7, 16, 19 | 1 | Respara | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 25,121 | 0 | 0 | 0 | 0 | 0 | 168,561 | 0 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | 264 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | 0 | 0 | 440,571 | 0 | 0 | 3,125 | 0 | 0 |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | 0 | 0 | 0 | 0 | 0 | 0 | 352,047 | 0 |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | 0 | 0 | 0 | 0 | 0 | 267,820 | 0 | 0 |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | |||||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | |||||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | |||||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | |||||||||
20.05 | Property | 1 | 915 Dana Avenue | |||||||||
20.06 | Property | 1 | 725 Greenwood Avenue | |||||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | |||||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | 0 | 0 | 0 | 0 | 0 | 0 | 5,500,000 | 52,000 | |
21.01 | Property | 1 | Hampton Inn Emporia | |||||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | |||||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | |||||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | 0 | 0 | 0 | 0 | 0 | 18,600 | 0 | 0 |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 0 | 0 | 0 | 0 | 0 | 28,750 | 0 | 0 |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | 5,600 | 150,000 | 0 | 0 | 0 | 0 | 1,000,000 | 8,333 |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | 0 | 0 | 0 | 0 | 0 | 0 | 212,280 | 0 |
26 | Loan | 1 | Home2 Suites Pensacola | 0 | 0 | 0 | 0 | 0 | 0 | 58,000 | Springing | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | 221 | 0 | 132,000 | 0 | 0 | 0 | 1,530,000 | 0 |
28 | Loan | 30 | 1 | 8 Hook Road | 1,088 | 0 | 0 | 0 | 0 | 18,750 | 0 | 0 |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | 0 | 0 | 0 | 0 | 0 | 3,300 | 0 | 0 |
30.01 | Property | 1 | Southern Comfort RV Park | |||||||||
30.02 | Property | 1 | Central Illinois Storage South | |||||||||
30.03 | Property | 1 | Central Illinois Storage North | |||||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | 0 | 0 | 0 | 0 | 0 | 6,750 | 650,000 | 0 |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | 0 | 0 | 133,397 | 0 | 0 | 0 | 0 | 0 |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | 0 | 0 | 0 | 0 | 0 | 0 | 129,475 | 25,745 |
34 | Loan | 1 | Chippewa Place | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | 0 | 0 | 0 | 0 | 0 | 1,250 | 99 | 0 |
36 | Loan | 1 | Mini U Storage Vacaville | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | 0 | 0 | 0 | 0 | 0 | 24,988 | 267,000 | 0 |
38 | Loan | 1 | The Hill | 0 | 0 | 0 | 0 | 0 | 9,394 | 0 | 0 | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-10 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
20 | |||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | Rent Reserve ($309,400); Rent Concession Reserve ($173,337.50) | 0 | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | FoIIet Replacement Work Reserve ($741,402.50); Free Rent Reserve ($553,119); Cott Beverage Concrete Work Reserve ($230,000); Outstanding TI/LC Reserve ($109,890) | 0 | NAP |
2.01 | Property | 1 | FCA USA - Detroit, MI | ||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||
2.03 | Property | 1 | Follett School - McHenry, IL | ||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | ||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | ||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||
2.10 | Property | 1 | Hannibal - Houston, TX | ||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | ||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||
2.15 | Property | 1 | CSTK - St. Louis, MO | ||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||
2.17 | Property | 1 | AM Castle - Wichita, KS | ||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | Future Capital Expenditures Reserve ($23,149,913), Unfunded Obligations Reserve ($4,098,392.94) | 0 | NAP |
4 | Loan | 1 | 1 | Galleria at Sunset | Outstanding TI/LC ($846,190.71); Gap Rent ($113,275) | 0 | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | Unfunded Obligations Reserve | 0 | 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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | Required Upgrade Reserve | 0 | NAP |
7 | Loan | 13, 19 | 1 | Sheraton Park City | Seasonality Reserve | 978,000 | NAP |
8 | Loan | 23 | 1 | McGaw Commerce Center | Outstanding TI/LC Reserve | 0 | NAP |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | Existing TI/LC Reserve ($3,732,395.48), Gap Rent Reserve ($234,557.94) | 0 | NAP |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | Gap Rent Reserve (Upfront: 403,197), Anchor Tenant Reserve Funds (Monthly: Springing) | 0 | NAP |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | Outstanding TI Reserve ($2,380), Free Rent Reserve ($25,921.08) | 0 | NAP |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | Unfunded Obligations Reserve ($6,245,853); Free Rent Reserve ($1,535,591) | 0 | NAP |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 0 | NAP | |
14 | Loan | 7, 16, 19 | 1 | Respara | 0 | NAP | |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | Existing TI/LC Reserve | 0 | NAP |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | Seasonality Reserve | 0 | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | 0 | NAP | |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | 0 | NAP | |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | Ground Rent Reserve | 0 | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | 0 | NAP | |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | ||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | ||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | ||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | ||||
20.05 | Property | 1 | 915 Dana Avenue | ||||
20.06 | Property | 1 | 725 Greenwood Avenue | ||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | ||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | South Hill PIP Reserve (Upfront: $1,757,000), Hilton PIP Reserve (Upfront: $3,743,000; Monthly: $52,000), South Hill FF&E Reserve (Monthly: 4% of projected Gross Revenue for the South Hill Property as set forth in the most recent Approved Annual Budget), Hilton FF&E Reserve (Monthly: 4% of projected Gross Revenue for the South Hill Property as set forth in the most recent Approved Annual Budget) | 0 | NAP | |
21.01 | Property | 1 | Hampton Inn Emporia | ||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | ||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | ||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | 0 | NAP | |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | 0 | NAP | |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | Center Fresh Reserve (Upfront: $1,000,000); Kochvei Ohr Leasing Reserve (Monthly: $8,333.33); Kochvei Ohr Renewal Reserve (Springing) | 0 | NAP |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | Rent Reserve | 0 | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | Seasonal Working Capital Reserve (Upfront: $58,000), PIP Reserve (Monthly: Springing) | 0 | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | Tax Stabilization Reserve | 0 | NAP |
28 | Loan | 30 | 1 | 8 Hook Road | 0 | NAP | |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | 0 | NAP | |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | 0 | NAP | |
30.01 | Property | 1 | Southern Comfort RV Park | ||||
30.02 | Property | 1 | Central Illinois Storage South | ||||
30.03 | Property | 1 | Central Illinois Storage North | ||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | Economic Performance Reserve | 0 | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | 0 | NAP | |
33 | Loan | 1, 7, 10, 19, 21 | 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) | AutoNation Renewal Reserve ($3,028,848) | NAP |
34 | Loan | 1 | Chippewa Place | 0 | NAP | ||
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | Parking Rent Reserve | 0 | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | 0 | NAP | ||
37 | Loan | 16, 18 | 1 | La Provence Apartments | Debt Yield Performance Funds ($250,000); Rent Concession Reserve ($17,000) | 0 | NAP |
38 | Loan | 1 | The Hill | 0 | NAP | ||
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | 0 | NAP |
A-11 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) |
26 | 26 | 9 | 9 | ||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAP | Springing | Springing | Yes | Yes | Yes | Yes | 70,000,000 | 47,000,000 | 243,426.27 | 605,976.04 |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | Hard | Springing | Yes | No | Yes | Yes | 70,000,000 | 167,000,000 | 810,475.74 | 1,150,196.11 |
2.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||
2.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||
2.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | NAP | Springing | Springing | Yes | Yes | Yes | No | 50,000,000 | 105,000,000 | 538,501.73 | 794,931.13 |
4 | Loan | 1 | 1 | Galleria at Sunset | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | NAP | Hard | Springing | Yes | No | Yes | Yes | 43,000,000 | 65,000,000 | 404,423.38 | 671,965.00 |
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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | NAP | Springing | Springing | Yes | No | Yes | Yes | 38,000,000 | 10,000,000 | 48,607.52 | 233,316.11 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 23 | 1 | McGaw Commerce Center | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | NAP | Hard | Springing | Yes | Yes | Yes | No | 30,000,000 | 230,000,000 | 1,218,635.30 | 1,377,587.73 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | NAP | Hard | Springing | Yes | No | Yes | No | 30,000,000 | 170,000,000 | 1,082,140.51 | 1,273,106.48 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | NAP | Hard | Springing | Yes | Yes | Yes | No | 30,000,000 | 143,000,000 | 1,002,815.98 | 1,213,196.95 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 16, 19 | 1 | Respara | NAP | Springing | Springing | No | No | Yes | Yes | 25,000,000 | 36,500,000 | 194,286.46 | 327,359.38 |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | NAP | Hard | In Place | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | Hard | Springing | Yes | No | No | No | NAP | NAP | NAP | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | Hard | Springing | Yes | Yes | Yes | tbd | 23,000,000 | 59,500,000 | 374,023.61 | 518,604.17 |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | NAP | Hard | Springing | Yes | No | Yes | No | 19,972,889 | 82,887,490 | 567,332.68 | 704,039.35 |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | ||||||||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | ||||||||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | ||||||||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | ||||||||||||
20.05 | Property | 1 | 915 Dana Avenue | ||||||||||||
20.06 | Property | 1 | 725 Greenwood Avenue | ||||||||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | ||||||||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
21.01 | Property | 1 | Hampton Inn Emporia | ||||||||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | ||||||||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | ||||||||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | Springing | Springing | Yes | No | Yes | No | 15,000,000 | 38,000,000 | 226,671.76 | 316,147.45 |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 30 | 1 | 8 Hook Road | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
30.01 | Property | 1 | Southern Comfort RV Park | ||||||||||||
30.02 | Property | 1 | Central Illinois Storage South | ||||||||||||
30.03 | Property | 1 | Central Illinois Storage North | ||||||||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | NAP | Hard | Springing | Yes | Yes | Yes | No | 5,900,000 | 49,100,000 | 342,250.87 | 383,376.74 |
34 | Loan | 1 | Chippewa Place | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | The Hill | NAP | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP |
A-12 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) |
9 | 13 | 9 | 13 | ||||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAP | NAP | 117,000,000 | 605,976.04 | 57.0% | 1.43 | 9.0% | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | NAP | 237,000,000 | 1,150,196.11 | 53.8% | 2.12 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||||
2.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||||
2.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | NAP | NAP | 155,000,000 | 794,931.13 | 36.9% | 2.39 | 15.4% | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 1 | 1 | Galleria at Sunset | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | NAP | NAP | 108,000,000 | 671,965.00 | 55.2% | 1.91 | 15.7% | NAP | NAP | NAP | NAP | NAP | 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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | NAP | NAP | 48,000,000 | 233,316.11 | 72.8% | 1.43 | 8.5% | 11,500,000 | 12.50000% | 59,500,000 | 354,771.55 | 90.3% | 0.94 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 23 | 1 | McGaw Commerce Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | NAP | NAP | 260,000,000 | 1,377,587.73 | 45.5% | 2.19 | 14.6% | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | NAP | NAP | 200,000,000 | 1,273,106.48 | 42.8% | 2.09 | 16.5% | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | NAP | NAP | 173,000,000 | 1,213,196.95 | 54.9% | 1.55 | 13.9% | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 7, 16, 19 | 1 | Respara | NAP | NAP | 61,500,000 | 327,359.38 | 66.1% | 1.25 | 8.0% | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | NAP | 82,500,000 | 518,604.17 | 62.0% | 1.97 | 16.0% | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | NAP | NAP | 102,860,379 | 704,039.35 | 49.9% | 2.38 | 22.0% | NAP | NAP | NAP | NAP | NAP | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | ||||||||||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | ||||||||||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | ||||||||||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | ||||||||||||||
20.05 | Property | 1 | 915 Dana Avenue | ||||||||||||||
20.06 | Property | 1 | 725 Greenwood Avenue | ||||||||||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | ||||||||||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
21.01 | Property | 1 | Hampton Inn Emporia | ||||||||||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | ||||||||||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | ||||||||||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | NAP | 53,000,000 | 316,147.45 | 68.8% | 1.64 | 12.1% | NAP | NAP | NAP | NAP | NAP | NAP |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 30 | 1 | 8 Hook Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30.01 | Property | 1 | Southern Comfort RV Park | ||||||||||||||
30.02 | Property | 1 | Central Illinois Storage South | ||||||||||||||
30.03 | Property | 1 | Central Illinois Storage North | ||||||||||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | NAP | NAP | 55,000,000 | 383,376.74 | 53.7% | 1.33 | 11.7% | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 1 | Chippewa Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 1 | The Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-13 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
13 | 13 | ||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | NAP | No | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | No | NAP |
2.01 | Property | 1 | FCA USA - Detroit, MI | ||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||
2.03 | Property | 1 | Follett School - McHenry, IL | ||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | ||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | ||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||
2.10 | Property | 1 | Hannibal - Houston, TX | ||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | ||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||
2.15 | Property | 1 | CSTK - St. Louis, MO | ||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||
2.17 | Property | 1 | AM Castle - Wichita, KS | ||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | NAP | No | NAP |
4 | Loan | 1 | 1 | Galleria at Sunset | NAP | No | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | NAP | No | 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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 6.9% | No | NAP |
7 | Loan | 13, 19 | 1 | Sheraton Park City | NAP | Yes | Mezzanine (Max Combined LTV of 75%; Min Combined Debt Yield of 15.00%; Min Combined DSCR of 1.40x; Intercreditor Agreement is required) |
8 | Loan | 23 | 1 | McGaw Commerce Center | NAP | No | NAP |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | NAP | No | NAP |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | NAP | No | NAP |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | NAP | Yes | Future Mezzanine Loan |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | NAP | Yes | Future Mezzanine Loan |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | NAP | No | NAP |
14 | Loan | 7, 16, 19 | 1 | Respara | NAP | No | NAP |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | NAP | No | NAP |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | No | NAP |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | No | NAP |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | No | NAP |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | NAP | No | NAP |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | NAP | No | NAP |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | ||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | ||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | ||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | ||||
20.05 | Property | 1 | 915 Dana Avenue | ||||
20.06 | Property | 1 | 725 Greenwood Avenue | ||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | ||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | NAP | No | NAP | |
21.01 | Property | 1 | Hampton Inn Emporia | ||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | ||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | ||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAP | No | NAP |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | Yes | Future Mezzanine Loan |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | NAP | No | NAP |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | No | NAP |
26 | Loan | 1 | Home2 Suites Pensacola | NAP | No | NAP | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | No | NAP |
28 | Loan | 30 | 1 | 8 Hook Road | NAP | No | NAP |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | No | NAP |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | NAP | No | NAP |
30.01 | Property | 1 | Southern Comfort RV Park | ||||
30.02 | Property | 1 | Central Illinois Storage South | ||||
30.03 | Property | 1 | Central Illinois Storage North | ||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | No | NAP |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | No | NAP |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | NAP | No | NAP |
34 | Loan | 1 | Chippewa Place | NAP | No | NAP | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | No | NAP |
36 | Loan | 1 | Mini U Storage Vacaville | NAP | No | NAP | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | No | NAP |
38 | Loan | 1 | The Hill | NAP | No | NAP | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | Yes | Future Mezzanine Loan |
A-14 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor | Non-Recourse Carveout Guarantor |
24 | ||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit | Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Global Net Lease Operating Partnership, L.P. | Global Net Lease Operating Partnership, L.P. |
2.01 | Property | 1 | FCA USA - Detroit, MI | |||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||
2.03 | Property | 1 | Follett School - McHenry, IL | |||
2.04 | Property | 1 | Shaw Aero - Naples, FL | |||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | |||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||
2.07 | Property | 1 | CF Sauer - 184 Suburban | |||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | |||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||
2.10 | Property | 1 | Hannibal - Houston, TX | |||
2.11 | Property | 1 | FedEx IV - Lexington, KY | |||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | |||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||
2.15 | Property | 1 | CSTK - St. Louis, MO | |||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||
2.17 | Property | 1 | AM Castle - Wichita, KS | |||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | Robert B. Getreu, Michael T. Cohen and Andrew H. Roos | None |
4 | Loan | 1 | 1 | Galleria at Sunset | George Mersho | George Mersho |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | Admiral 2R Management LLC | Prime Finance Special Situations 2020 Fund, L.P., A2R Founders Legacy LLC, Admiral 2R Management LLC, A2R Real Estate Fund II LP and VPF Preferred JV 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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | Ben Beitel | Ben Beitel |
7 | Loan | 13, 19 | 1 | Sheraton Park City | Driftwood Acquisition & Development L.P. | Driftwood Acquisition & Development L.P. |
8 | Loan | 23 | 1 | McGaw Commerce Center | Buligo Capital Partners Inc. | Buligo Capital Partners Inc. |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | Brookfield Properties Retail Holding LLC and Teachers' Retirement System of the State of Illinois | GGP-TRS L.L.C. |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | BPR Nimbus LLC | BPR Nimbus LLC |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | Roy Bajtel and Joel Sher | Roy Bajtel and Joel Sher |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | Anthony Westreich | Anthony Westreich |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | Mayur B. Patel | Mayur B. Patel |
14 | Loan | 7, 16, 19 | 1 | Respara | Christopher M. Liebes and Hugh H. Evans, III | Christopher M. Liebes and Hugh H. Evans, III |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | Robert E. Woolf, Kathleen B. Woolf, J. Brent McKinley and Connie K. McKinley | Robert E. Woolf, Kathleen B. Woolf, J. Brent McKinley and Connie K. McKinley |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | Michael Pomeranc, Lawrence Pomeranc, Jason Pomeranc, Jack Rosen and Jack Bendheim | Michael Pomeranc, Lawrence Pomeranc, Jason Pomeranc, Jack Rosen and Jack Bendheim |
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | Richard A. Bennett III | Richard A. Bennett III |
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | Joel Schwartz | Joel Schwartz |
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | Giuseppe Cipriani, Joseph Cayre, Henry Hay and Harlan Berger | Giuseppe Cipriani, Joseph Cayre, Henry Hay and Harlan Berger |
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | Moses Weiss and Eliezer Sternhell | Moses Weiss and Eliezer Sternhell |
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | |||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | |||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | |||
20.04 | Property | 1 | 6390-6406 Gracely Drive | |||
20.05 | Property | 1 | 915 Dana Avenue | |||
20.06 | Property | 1 | 725 Greenwood Avenue | |||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | |||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | American Hotel Income Properties REIT Inc. | American Hotel Income Properties REIT Inc. | |
21.01 | Property | 1 | Hampton Inn Emporia | |||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | |||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | |||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | Peter Hungerford | Peter Hungerford |
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | MD Khaled Noor | MD Khaled Noor |
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | Joseph Kaufman | Joseph Kaufman |
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | Joel Schwartz | Joel Schwartz |
26 | Loan | 1 | Home2 Suites Pensacola | Encore Enterprises, Inc. | Encore Enterprises, Inc. | |
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | Shmuel S. Retek and Benjamin Herbst | Shmuel S. Retek and Benjamin Herbst |
28 | Loan | 30 | 1 | 8 Hook Road | Alberto Benamu | Alberto Benamu |
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | Mark Shakarov and Bela Shakarov | Mark Shakarov and Bela Shakarov |
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | Gabriel C. Dean, Bethny N. Dean, David P. Dean, Ryan C. Wilson, Mickey J. Miller and Mitchell J. Miller | Gabriel C. Dean, Bethny N. Dean, David P. Dean, Ryan C. Wilson, Mickey J. Miller and Mitchell J. Miller |
30.01 | Property | 1 | Southern Comfort RV Park | |||
30.02 | Property | 1 | Central Illinois Storage South | |||
30.03 | Property | 1 | Central Illinois Storage North | |||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | Jacob Fulop | Jacob Fulop |
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | Michuel Klein | Michuel Klein |
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | Stiles Properties and Investments, Ltd. | Stiles Properties and Investments, Ltd. |
34 | Loan | 1 | Chippewa Place | Asher Ribowsky, Nosson Dessler and Raphael Dov Kutner | Asher Ribowsky, Nosson Dessler and Raphael Dov Kutner | |
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | Pinchos D. Shemano | Pinchos D. Shemano |
36 | Loan | 1 | Mini U Storage Vacaville | Dahn Corporation | Dahn Corporation | |
37 | Loan | 16, 18 | 1 | La Provence Apartments | Laurent Meyer and Delphine Meyer | Laurent Meyer and Delphine Meyer |
38 | Loan | 1 | The Hill | Corey Peterson and The Peterson Family Trust Dated July 8, 2008 | Corey Peterson and The Peterson Family Trust Dated July 8, 2008 | |
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | Hershy M. Silberstein and Phillip Stern | Hershy M. Silberstein and Phillip Stern |
A-15 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) |
33 | 29 | 32 | ||||||||||||||||
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | No | Yes | Refinance | No | 117,000,000 | 0 | 0 | 0 | 117,000,000 | 110,927,653 | 0 | 4,900,604 | 654,527 | 517,215 |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | No | No | Refinance | 237,000,000 | 12,312,601 | 0 | 0 | 249,312,601 | 240,000,000 | 0 | 7,301,346 | 2,011,255 | 0 | |
2.01 | Property | 1 | FCA USA - Detroit, MI | No | ||||||||||||||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | No | ||||||||||||||
2.03 | Property | 1 | Follett School - McHenry, IL | No | ||||||||||||||
2.04 | Property | 1 | Shaw Aero - Naples, FL | No | ||||||||||||||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | No | ||||||||||||||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | No | ||||||||||||||
2.07 | Property | 1 | CF Sauer - 184 Suburban | No | ||||||||||||||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | No | ||||||||||||||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | No | ||||||||||||||
2.10 | Property | 1 | Hannibal - Houston, TX | No | ||||||||||||||
2.11 | Property | 1 | FedEx IV - Lexington, KY | No | ||||||||||||||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | No | ||||||||||||||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | No | ||||||||||||||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | No | ||||||||||||||
2.15 | Property | 1 | CSTK - St. Louis, MO | No | ||||||||||||||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | No | ||||||||||||||
2.17 | Property | 1 | AM Castle - Wichita, KS | No | ||||||||||||||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | No | ||||||||||||||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | No | ||||||||||||||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | No | ||||||||||||||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | No | No | Refinance | No | 155,000,000 | 12,777,258 | 0 | 5,206,287 | 172,983,545 | 139,632,947 | 0 | 2,013,918 | 31,336,680 | 0 |
4 | Loan | 1 | 1 | Galleria at Sunset | No | No | Acquisition | No | 49,000,000 | 46,701,523 | 0 | 0 | 95,701,523 | 0 | 91,200,000 | 1,119,215 | 3,382,308 | 0 |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | No | No | Recapitalization | 108,000,000 | 66,537,811 | 0 | 0 | 174,537,811 | 0 | 0 | 8,053,330 | 22,751,253 | 0 | |
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 | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | No | Yes | Recapitalization | No | 48,000,000 | 27,182,254 | 11,500,000 | 0 | 86,682,254 | 0 | 0 | 5,894,176 | 788,078 | 0 |
7 | Loan | 13, 19 | 1 | Sheraton Park City | No | No | Refinance | No | 33,000,000 | 0 | 0 | 0 | 33,000,000 | 19,668,611 | 0 | 1,407,386 | 1,501,629 | 10,422,375 |
8 | Loan | 23 | 1 | McGaw Commerce Center | No | No | Refinance | No | 32,500,000 | 975,197 | 0 | 0 | 33,475,197 | 30,013,899 | 0 | 2,008,110 | 1,453,188 | 0 |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | No | No | Refinance | No | 260,000,000 | 0 | 0 | 0 | 260,000,000 | 211,601,763 | 0 | 3,205,539 | 3,966,953 | 41,225,744 |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | No | No | Refinance | No | 200,000,000 | 11,179,744 | 0 | 0 | 211,179,744 | 204,429,707 | 0 | 1,766,053 | 4,983,984 | 0 |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | No | No | Refinance | No | 30,000,000 | 8,133,450 | 0 | 0 | 38,133,450 | 36,760,745 | 0 | 485,149 | 887,556 | 0 |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | No | No | Refinance | No | 173,000,000 | 0 | 0 | 6,657,808 | 179,657,808 | 160,681,751 | 0 | 1,474,724 | 9,651,191 | 7,850,142 |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | No | No | Refinance | No | 28,375,000 | 0 | 0 | 0 | 28,375,000 | 22,753,289 | 0 | 239,514 | 23,069 | 5,359,127 |
14 | Loan | 7, 16, 19 | 1 | Respara | No | No | Refinance | No | 61,500,000 | 0 | 0 | 0 | 61,500,000 | 54,463,006 | 0 | 1,174,578 | 55,544 | 5,806,872 |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | No | No | Refinance | No | 24,400,000 | 3,055,975 | 0 | 0 | 27,455,975 | 25,620,669 | 0 | 1,266,745 | 568,561 | 0 |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | No | No | Refinance | No | ||||||||||
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | No | No | Recapitalization | No | ||||||||||
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | No | No | Refinance | No | ||||||||||
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | No | No | Refinance | No | ||||||||||
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | No | No | Refinance | |||||||||||
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | No | ||||||||||||||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | Yes | ||||||||||||||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | Yes | ||||||||||||||
20.04 | Property | 1 | 6390-6406 Gracely Drive | No | ||||||||||||||
20.05 | Property | 1 | 915 Dana Avenue | No | ||||||||||||||
20.06 | Property | 1 | 725 Greenwood Avenue | Yes | ||||||||||||||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | No | ||||||||||||||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | No | No | Refinance | ||||||||||||
21.01 | Property | 1 | Hampton Inn Emporia | No | ||||||||||||||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | No | ||||||||||||||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | No | ||||||||||||||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | No | No | Refinance | No | ||||||||||
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | No | No | Refinance | No | ||||||||||
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | No | No | Refinance | No | ||||||||||
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | No | No | Refinance | No | ||||||||||
26 | Loan | 1 | Home2 Suites Pensacola | No | No | Refinance | No | |||||||||||
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | No | No | Refinance | No | ||||||||||
28 | Loan | 30 | 1 | 8 Hook Road | No | No | Refinance | No | ||||||||||
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | No | No | Refinance | Yes | ||||||||||
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | No | No | Refinance/Acquisition | |||||||||||
30.01 | Property | 1 | Southern Comfort RV Park | No | ||||||||||||||
30.02 | Property | 1 | Central Illinois Storage South | No | ||||||||||||||
30.03 | Property | 1 | Central Illinois Storage North | No | ||||||||||||||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | No | No | Refinance | No | ||||||||||
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | No | No | Refinance | No | ||||||||||
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | No | No | Refinance | No | ||||||||||
34 | Loan | 1 | Chippewa Place | No | No | Acquisition | No | |||||||||||
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | No | No | Refinance | No | ||||||||||
36 | Loan | 1 | Mini U Storage Vacaville | No | No | Recapitalization | No | |||||||||||
37 | Loan | 16, 18 | 1 | La Provence Apartments | No | No | Refinance | No | ||||||||||
38 | Loan | 1 | The Hill | No | No | Acquisition | No | |||||||||||
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | No | No | Refinance | No |
A-16 |
BMO 2024-5C4
Annex A
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
1 | Loan | 1, 4, 7, 12, 16, 18, 20, 27, 28, 33 | 1 | 620 W 153rd Street | 0 | 117,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2 | Loan | 1, 4, 5, 6, 7, 10, 12, 16, 18, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 0 | 249,312,601 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
2.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
2.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
3 | Loan | 2, 7, 10, 12, 20, 24, 31 | 1 | 28-40 West 23rd Street | 0 | 172,983,545 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
4 | Loan | 1 | 1 | Galleria at Sunset | 0 | 95,701,523 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 6, 7, 16, 19, 23, 31, 32 | 4 | Vero Office Portfolio | 143,733,229 | 174,537,811 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5.01 | Property | 1 | Imperial Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
5.02 | Property | 1 | Parkway Avalon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
5.03 | Property | 1 | Apex 190 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
5.04 | Property | 1 | Fairview | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
6 | Loan | 1, 7, 13, 16, 19, 26, 33 | 1 | Coastline Apartments | 80,000,000 | 86,682,254 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 13, 19 | 1 | Sheraton Park City | 0 | 33,000,000 | 6/17/2037 | 224.96 | 121.11 | 53.8% | 224.96 | 121.11 | 53.8% | 226.11 | 126.06 | 55.8% | 217.89 | 125.37 | 57.5% |
8 | Loan | 23 | 1 | McGaw Commerce Center | 0 | 33,475,197 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
9 | Loan | 1, 5, 7, 19, 22 | 1 | Kenwood Towne Centre | 0 | 260,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 1, 7, 19, 24 | 1 | Staten Island Mall | 0 | 211,179,744 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 13, 23, 31 | 1 | Rialto I & II | 0 | 38,133,450 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 4, 7, 12, 13, 21, 23, 31 | 1 | 1812 North Moore | 0 | 179,657,808 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
13 | Loan | 19 | 1 | Homewood Suites San Diego Mission Valley Zoo | 0 | 28,375,000 | 4/30/2036 | 216.90 | 201.85 | 93.1% | 216.90 | 201.85 | 93.1% | 218.46 | 200.54 | 91.8% | 206.85 | 188.86 | 91.3% |
14 | Loan | 7, 16, 19 | 1 | Respara | 0 | 61,500,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
15 | Loan | 4, 19, 23 | 1 | Point Plaza West | 0 | 27,455,975 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 2, 19 | 1 | 6 Columbus Hotel | NAP | 288.13 | 242.54 | 84.2% | 289.46 | 238.71 | 82.5% | 289.52 | 218.83 | 75.6% | 214.54 | 134.74 | 62.8% | ||
17 | Loan | 1, 7, 16, 19 | 1 | Lexmark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
18 | Loan | 16, 27 | 1 | 352 Meeker Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
19 | Loan | 1, 2, 4, 7, 17, 19, 27, 28 | 1 | Casa Cipriani | NAP | 1365.46 | 887.57 | 65.0% | 1365.46 | 887.57 | 65.0% | 1379.90 | 796.65 | 57.7% | 1684.05 | 483.95 | 28.7% | ||
20 | Loan | 6, 16, 29 | 7 | Cincinnati Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
20.01 | Property | 1 | 3409, 3411, 3413 & 3415 McHenry Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20.02 | Property | 1 | 669 & 686 Gholson Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20.03 | Property | 1 | 810 North Fred Shuttlesworth Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20.04 | Property | 1 | 6390-6406 Gracely Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20.05 | Property | 1 | 915 Dana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20.06 | Property | 1 | 725 Greenwood Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
20.07 | Property | 1 | 2606, 2614 & 2618 Montana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
Loan | 5, 6, 19 | 3 | AHIP Virginia 3-Pack | Various | 127.37 | 96.59 | 75.8% | 127.37 | 96.59 | 75.8% | 126.84 | 95.25 | 75.1% | 115.51 | 88.73 | 76.8% | |||
21.01 | Property | 1 | Hampton Inn Emporia | 3/31/2029 | 132.19 | 105.29 | 79.6% | 132.19 | 105.29 | 79.6% | 132.24 | 103.72 | 78.4% | 122.00 | 94.71 | 77.6% | |||
21.02 | Property | 1 | Fairfield Inn & Suites South Hill | 12/21/2027 | 127.27 | 108.93 | 85.6% | 127.27 | 108.93 | 85.6% | 125.59 | 105.96 | 84.4% | 112.73 | 94.44 | 83.8% | |||
21.03 | Property | 1 | Hampton Inn Harrisonburg South | 3/31/2029 | 121.86 | 79.05 | 64.9% | 121.86 | 79.05 | 64.9% | 121.92 | 79.16 | 64.9% | 111.28 | 78.78 | 70.8% | |||
22 | Loan | 4, 19 | 1 | 114 East 71st Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
23 | Loan | 7, 12, 13 | 1 | Euclid Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
24 | Loan | 2, 16, 19, 20 | 1 | 485 Locust Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
25 | Loan | 4, 14, 16, 27, 28 | 1 | 55 Borinquen Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
26 | Loan | 1 | Home2 Suites Pensacola | 1/31/2039 | 147.90 | 117.83 | 79.7% | 147.90 | 117.83 | 79.7% | 160.21 | 132.65 | 82.8% | 153.11 | 136.57 | 89.2% | |||
27 | Loan | 4, 12, 16, 27 | 1 | 828 New York Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
28 | Loan | 30 | 1 | 8 Hook Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
29 | Loan | 16, 27, 29 | 1 | 1281 Hoe Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
30 | Loan | 6, 16, 28 | 3 | Central Illinois Storage & Kentucky RV Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
30.01 | Property | 1 | Southern Comfort RV Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
30.02 | Property | 1 | Central Illinois Storage South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
30.03 | Property | 1 | Central Illinois Storage North | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
31 | Loan | 4, 14, 16, 28 | 1 | 631 East 6th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
32 | Loan | 16, 27 | 1 | 2638 Decatur Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
33 | Loan | 1, 7, 10, 19, 21 | 1 | AutoNation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
34 | Loan | 1 | Chippewa Place | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
35 | Loan | 3, 16, 27 | 1 | Washington Lofts | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
36 | Loan | 1 | Mini U Storage Vacaville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
37 | Loan | 16, 18 | 1 | La Provence Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||
38 | Loan | 1 | The Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||
39 | Loan | 13, 16 | 1 | 242 Montrose Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-17 |
Footnotes to Annex A | |
(1) | “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “WFB” denotes Wells Fargo Bank, National Association as Mortgage Loan Seller, “AREF2” denotes Argentic Real Estate Finance 2 LLC as Mortgage Loan Seller “GSMC” denotes Goldman Sachs Mortgage Company as Mortgage Loan Seller, and “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller. With respect to Loan No. 1, 620 W 153rd Street, the mortgage loan is part of a whole loan that was co-originated by BMO and AREF2. A portion of such mortgage loan was subsequently acquired by SMC. With respect to Loan No. 2, GNL Industrial Portfolio, the mortgage loan is part of a whole loan that was co-originated by BMO, Barclays Capital Real Estate Inc., Societe Generale Financial Corporation and KeyBank National Association. With respect to Loan No. 4, Galleria at Sunset, the mortgage loan was co-originated by WFB and AREF2. With respect to Loan No. 5, Vero Office Portfolio, the whole loan was originated on March 1, 2024 by Goldman Sachs Bank USA (“GS”). GS completed a sale of the controlling note A-1 and non-controlling note A-2 to AREF2 on March 6, 2024. With respect to Loan No. 6, Coastline Apartments, the mortgage loan is part of a whole loan that was co-originated by BMO and AREF2. With respect to Loan No. 9, Kenwood Towne Centre, the mortgage loan was co-originated by WFB, Goldman Sachs Bank USA and Societe Generale Financial Corporation. With respect to Loan No. 10, Staten Island Mall, the mortgage loan is part of a whole loan that was co-originated by Deutsche Bank AG, New York Branch, Barclays Capital Real Estate Inc. and WFB. With respect to Loan No. 17, Lexmark, the mortgage loan is part of a whole loan that was co-originated by UBS AG and CREFI. With respect to Loan No. 19, Casa Cipriani, the mortgage loan is part of a whole loan that was co-originated by AREF2, CREFI, and JP Morgan Chase Bank, National Association. With respect to Loan No. 33, AutoNation, the mortgage loan is part of a whole loan that was co-originated by AREF2 and Barclays Capital Real Estate Inc. |
(2) | With respect to Loan No. 3, 28-40 West 23rd Street, the mortgaged property consists of 459,605 square feet of office space accounting for 77.4% of adjusted base rent and 118,500 square feet of retail space leased to Home Depot accounting for 22.6% of adjusted base rent. With respect to Loan No. 16, 6 Columbus Hotel, the mortgaged property is comprised of an 88-room full service hotel and 3,167 square feet of retail space which is 100.0% occupied by Blue Ribbon Sushi Bar & Grill. With respect to Loan No. 19, Casa Cipriani, the mortgaged property is comprised of a 146,486 square foot, 47-room luxury hotel, event space and private members club. With respect to Loan No. 24, 485 Locust Avenue, the mortgaged property consists of 48,773 square feet of retail and storage space accounting for 67.7% of adjusted base rent and 26,277 square feet of office space accounting for 32.3% of adjusted base rent. |
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. With respect to Loan No. 35, Washington Lofts, a parking lot parcel at the mortgaged property is subject to a ground lease with annual payments of $1 with no rent escalations that is set to expire on October 17, 2079. |
A-18 |
(4) | In certain cases, the mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. For tenants that are one of the top 5 tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues— Rights to Sublease” and “--Tenants Not Yet in Occupancy or in a Free Rent Period, Leases Under Negotiation and LOIs” in the prospectus. With respect to Loan No. 1, 620 W 153rd Street, the mortgaged property contains three commercial units totaling 31,306 square feet of commercial space, which are 100% occupied by two retail tenants which represent approximately 7.0% of the net rental income from the 620 W 153rd Street mortgaged property. The information regarding occupancy and number of units shown does not include any commercial space at the 620 W 153rd Street mortgaged property unless otherwise indicated herein. With respect to Loan No. 2, GNL Industrial Portfolio, the sole tenant at the CF Sauer - 2447 Eunice Avenue mortgaged property, Sauer Brands, subleases the entire space at the CF Sauer - 2447 Eunice Avenue mortgaged property to Food Transport of FL, Inc. Underwriting for the mortgage loan was based on the lease between Sauer Brands and the related borrower. With respect to Loan No. 12, 1812 North Moore, the Fourth Largest Tenant, Graham Holdings Company executed a lease dated April 2, 2024. Graham Holdings Company has a lease commencement date of May 2025 and a rent commencement date of September 2025. With respect to Loan No. 12, 1812 North Moore, the Fifth Largest Tenant, National Electrical Manufacturers Association, executed a lease dated January 6, 2024. National Electrical Manufacturers Association has a lease commencement date of January 2025. With respect to Loan No. 15, Point Plaza West, the Largest Tenant, State of WA – Dept. of Social and Health Services (DSHS), has 31,320 square feet of office space that expires on January 31, 2027, 15,836 square feet of office space that expires on April 30, 2027, and 31,240 square feet of office space that expires on February 28, 2029. With respect to Loan No. 15, Point Plaza West, the Largest Tenant, DSHS, has the option to terminate a portion of its space (31,240 square feet) if federal funds for the space are reduced by 50% or more or not allocated by the U.S. Congress, with written notice of at least 90 days. With respect to Loan No. 19, Casa Cipriani, the information regarding occupancy is based on the hotel component of the mortgaged property. With respect to Loan No. 22, 114 East 71st Street, the mortgaged property consists of 14 multifamily units and 3,327 square feet of medical office space. With respect to Loan No. 25, 55 Borinquen Place, the mortgaged property was 68.8% leased as of February 21, 2024. The borrower sponsor entered into a master lease for the five vacant units which would equate to 100.0% occupancy at the mortgaged property after giving effect to such master lease. With respect to Loan No. 27, 828 New York Avenue, the mortgaged property consists of 24 multifamily units and 2,650 square feet of retail space. With respect to Loan No. 31, 631 East 6th Street, the mortgaged property was 90.0% leased as of February 28, 2024. The borrower sponsor entered into a master lease for the one vacant unit which would equate to 100.0% occupancy at the mortgaged property after giving effect to such master lease. |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans listed identified in “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 2, GNL Industrial Portfolio, the appraised value represents the aggregate of the “as-is” appraised values of the GNL Industrial Portfolio mortgaged properties, which results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 53.8%. The individual appraisal valuation dates are between February 28, 2024, and March 7, 2024. With respect to Loan No. 9, Kenwood Towne Centre, the total SF consists of 770,312 SF of owned improvements and 262,829 SF of leased fee improvements. The Cut-off Date Balance Per SF, Maturity Date Balance Per SF, and As-Is Appraised Value Per SF are based on the total SF of 1,033,141. The Cut-off Date Balance Per SF, Maturity Date Balance Per SF, and As-Is Appraised Value Per SF based on the owned SF of 770,312 is $337.53, $337.53, and $741.52, respectively. With respect to Loan No. 21, AHIP Virginia 3-Pack, the appraised value represents the aggregate sum of “Prospective Market Value Upon Completion” appraised values of the AHIP Virginia 3-Pack Properties as of December 4, 2024, in addition to the value of the excess land parcels, as of December 5, 2023, for the Hampton Inn Emporia Property and the Hampton Inn Harrisonburg South Property. The “Prospective Market Value Upon Completion” values assume the planned PIP renovations are completed at each property. The property manager expects the hotel brands to impose a $4,860,000 PIP ($20,000 a key) in association with the franchise extensions. The loan was structured with an upfront $5,500,000 PIP Reserve for the completion of the improvements. In addition, the Hampton Inn Harrisonburg South has $300,000 of excess land value and the Hampton Inn Emporia has $150,000 of excess land value, both of which serve as collateral for the mortgage loan. |
A-19 |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity / ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. • Loan No. 2, GNL Industrial Portfolio • Loan No. 5, Vero Office Portfolio • Loan No. 20, Cincinnati Multifamily Portfolio • Loan No. 21, AHIP Virginia 3-Pack • Loan No. 30, Central Illinois Storage & Kentucky RV Portfolio |
(7) | The Original Balance ($), Cut-off Date Balance ($), and Maturity / ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Controlling Notes and Non-Controlling Notes” in “Description of the Mortgage Pool—The Whole Loans” in the prospectus. • Loan No. 1, 620 W 153rd Street • Loan No. 2, GNL Industrial Portfolio • Loan No. 3, 28-40 West 23rd Street • Loan No. 5, Vero Office Portfolio • Loan No. 6, Coastline Apartments • Loan No. 9, Kenwood Towne Centre • Loan No. 10, Staten Island Mall • Loan No. 12, 1812 North Moore • Loan No. 14, Respara • Loan No. 17, Lexmark • Loan No. 19, Casa Cipriani • Loan No. 23, Euclid Apartments • Loan No. 33, AutoNation |
(8) | The Administrative Fee Rate % includes the Servicing Fee, the Operating Advisor Fee, the Certificate Administrator/Trustee Fee, the Asset Representations Reviewer Fee and the CREFC® Intellectual Property Royalty License Fee applicable to each mortgage loan. |
(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate % and (iii) 365/360. |
(10) | With respect to Loan No. 2, GNL Industrial Portfolio, the borrowers have a five-day Grace Period (Default) once per calendar year so long as the borrowers’ failure to pay debt service on the due date was not in the borrowers’ reasonable control. The grace period does not require notice to the lender and does not apply to the balloon payment. With respect to Loan No. 3, 28-40 West 23rd Street, a Grace Period – (Late Payment) is zero days for the outstanding principal balance due at maturity and three days for the monthly payment of interest once in any three hundred sixty-six (366) day period. With respect to Loan No. 33, AutoNation, the borrower has a Grace Period (Late Payment) of five days for all amounts owed under the mortgage loan, excluding any amounts due on the maturity date. |
(11) | Intentionally Blank. |
A-20 |
(12) | The “L” component of the prepayment provision represents lockout payments. The “D” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “YM1” component of the prepayment provision represents the greater of (i) yield maintenance or (ii) 1% of the outstanding principal balance of the mortgage loan at the time of prepayment. The “1%” component of the prepayment provision represents 1% of the outstanding principal balance of the mortgage loan at the time of prepayment. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in the prospectus. With respect to Loan No. 1, 620 W 153rd Street, the borrowers may defease the 620 W 153rd Street whole loan in whole (but not in part) at any time after the earlier to occur of (x) April 2, 2027 and (y) the date that is two years after the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payments is based on the expected BMO 2024-5C4 securitization closing date in May 2024. The actual lockout period may be longer. With respect to Loan No. 2, GNL Industrial Portfolio, on any payment date following (a) April 5, 2025 (with payment of a yield maintenance premium) or (b) the earlier of two years following the last note to be securitized or April 5, 2027 (with a partial defeasance), the borrowers may obtain the release of any of the GNL Industrial Portfolio mortgaged properties with 15 days’ notice if the following conditions (among others) are met: (i) no event of default has occurred and is continuing; (ii) the borrowers pay all costs and provide customary documentation as described in the GNL Industrial Portfolio whole loan documents; (iii) as of the date of consummation of the partial release, (a) the debt service coverage ratio with respect to the remaining GNL Industrial Portfolio mortgaged properties (as determined in accordance with the terms of the GNL Industrial Portfolio whole loan documents) will be no less than 2.12x (i.e., the debt service coverage ratio as of the origination date) or (b) if the released GNL Industrial Portfolio mortgaged property is an individual property, that as of the proposed partial release date for such property, and as reasonably determined by the lender, (i) is vacant and/or (ii) at which the tenant is not paying rent in violation of the applicable lease (such property, a “Distressed Property”), then such debt service coverage ratio with respect to the remaining individual GNL Industrial Portfolio mortgaged properties will be no less than 1.80x; (iv) as of the date of consummation of the partial release, (a) the debt yield with respect to the remaining individual GNL Industrial Portfolio mortgaged properties (as determined in accordance with the terms of the GNL Industrial Portfolio whole loan documents) will be no less than 12.63% (i.e., the debt yield as of the origination date) or (b) if the released property is a Distressed Property, then such debt yield with respect to the remaining individual GNL Industrial Portfolio mortgaged properties will be no less than 10.75%; (v) payment of the release amount equal to (a) 130% of the allocated loan amount for such individual GNL Industrial Portfolio mortgaged property if such individual property is a Distressed Property and (b) 115% of the allocated loan amount for such individual GNL Industrial Portfolio mortgaged property for all other individual properties (including any applicable yield maintenance premium); and (vi) the satisfaction of customary REMIC requirements. If the related borrower effectuates a partial release of the CF Sauer – 9 Old Mill Road mortgaged property while the CF Sauer – 728 N Main St. mortgaged property remains subject to the lien of the security instrument, then as a condition to the partial release of the CF Sauer – 9 Old Mill Road mortgaged property, such borrower is required to enter into and record a reciprocal easement agreement that grants ingress and egress rights and easements for parking and access that provide the CF Sauer – 728 N Main St. mortgaged property with ingress, egress, parking and access comparable to that existing as of the origination date. With respect to Loan No. 3, 28-40 West 23rd Street, the lockout period will be at least 25 payment dates beginning with and including the first payment date in May 2024. Defeasance of the 28-40 West 23rd Street whole loan in full is permitted at any time after the earlier to occur of (i) April 5, 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 25 months is based on the anticipated closing date of the BMO 2024-5C4 securitization trust in May 2024. The actual lockout period may be longer. With respect to Loan No. 12, 1812 North Moore, the lockout period will be at least 24 payment dates beginning with and including the first payment date in June 2024. Defeasance of the 1812 North Moore whole loan in full is permitted at any time after the earlier to occur of (i) April 10, 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 months is based on the anticipated closing date of the BMO 2024-5C4 securitization trust in May 2024. The actual lockout period may be longer. With respect to Loan No. 23, Euclid Apartments, the lockout period will be at least 24 payments beginning with and including the first payment date of March 6, 2024. Defeasance of the Euclid Apartments whole loan in whole is permitted after the date that is two years from the closing date of the securitization that includes the last note to be securitized. The assumed lockout period of 27 payments is based on the closing date of the BMO 2024-5C4 securitization trust in May 2024. The actual lockout period may be longer. |
A-21 |
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Existing Mezzanine Debt,” “—Preferred Equity and Preferred Return Arrangements” and “Certain Legal Aspects of the Mortgage Loans” in the prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 6, Coastline Apartments, PMRP V Coastline, L.L.C. originated a mezzanine loan (the “Coastline Apartments Mezzanine Loan”) in the amount of $11,500,000, secured by the direct equity ownership in the borrowers of the whole loan. The Coastline Apartments Mezzanine Loan is coterminous with the whole loan. The Coastline Apartments Mezzanine Loan accrues interest at a rate of 12.50000% per annum and requires interest-only payments until its maturity date. With respect to Loan No. 7, Sheraton Park City, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, the combined LTV does not exceed 75.0%, the combined DSCR is not less than 1.40x, the combined debt yield is not less than 15.00% and the mezzanine lender executes and delivers an intercreditor agreement that is acceptable to the lender. With respect to Loan No. 11, Rialto I & II, the borrower is permitted to obtain one or more mezzanine loans provided, among other conditions, the combined LTV does not exceed 67.4%, the combined DSCR is not less than 1.37x, and the combined debt yield is not less than 11.30%. With respect to Loan No. 12, 1812 North Moore, the borrower is permitted to obtain future mezzanine financing secured by a pledge of the direct or indirect ownership interests in the borrower subject to certain conditions, including, among others, (i) at the time of origination of such permitted mezzanine debt (x) the combined debt service coverage ratio of the 1812 North Moore whole loan and any permitted mezzanine debt must be at least equal to 1.73x to the extent the determination date is prior to May 6, 2026 and 1.55x to the extent the determination date is on or after May 6, 2026, (y) the combined debt yield of the 1812 North Moore whole loan and any permitted mezzanine debt must be at least equal to 13.25% and (z) execution of an intercreditor agreement acceptable to the lender and satisfactory to the rating agencies. With respect to Loan No. 23, Euclid Apartments, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio may not exceed 68.8%, (y) the combined debt service coverage ratio, is greater than 1.45x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender, and (iii) receipt of a rating agency confirmation from each applicable rating agency. With respect to Loan No. 27, 828 New York Avenue, if the Section 421-a Reserve Standard is not achieved before February 12, 2025, the borrower is required to prepay a portion of the principal amount of the loan equal to $1,350,000. Section 421-a Reserve Standard means (i) the lender has received Certificate of Eligibility evidencing the implementation of the 421-a tax abatement, and (ii) underwritten debt yield is equal to or greater than 8.5%. With respect to Loan No. 39, 242 Montrose Avenue, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio may not exceed 57.7%, (y) the combined debt service coverage ratio, is greater than 1.11x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender, and (iii) receipt of a rating agency confirmation from each applicable rating agency. |
(14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the origination date during the term of the mortgage loan. For purposes of determining the debt service coverage ratio and debt yield for a residential cooperative mortgage loan, the Underwritten NOI DSCR (x) and the Underwritten NCF DSCR (x) for a residential cooperative property is the projected net cash flow reflected in an appraisal of such residential cooperative property. With respect to Loan No. 25, 55 Borinquen Place, the UW NOI DSCR and UW NCF DSCR, which both equal 1.25x, assume a stabilized underwritten vacancy of 3.0%, giving credit to rent payments due under the five unleased units that are currently subject to a master lease, versus an in-place economic vacancy of 17.7%. Assuming the in-place economic vacancy, the UW NOI DSCR and the UW NCF DSCR would both be 1.05x. The mortgage loan was structured to include a $212,280 rent reserve to be released to the borrower, upon the satisfaction of certain conditions, including, but not limited to, (i) no event of default under the mortgage loan then exists, (ii) the borrower has provided a certified rent roll with 100% occupancy, (iii) the borrower has provided the executed leases for the five affordable unleased units and (iv) the DSCR (based on trailing one-month income, annualized, and underwritten expenses) is greater than or equal to 1.25x. With respect to Loan No. 31, 631 East 6th Street, the UW NOI DSCR and UW NCF DSCR, which both equal 1.33x, assume a stabilized underwritten vacancy of 3.0%, giving credit to rent payments due under the one unleased unit that is currently subject to a master lease, versus an in-place economic vacancy of 16.6%. Assuming the in-place economic vacancy, the UW NOI DSCR and the UW NCF DSCR would both be 1.12x. The mortgage loan was structured to include a $650,000 economic performance holdback to be released to the borrower, upon the satisfaction of certain conditions, including, but not limited to, (i) no event of default or sweep event period under the mortgage loan then exists, (ii) the borrower has provided evidence that the mortgaged property is 100% occupied by tenants that are not affiliates of the borrower or guarantor and (iii) the debt yield (based on trailing one-month income, annualized, and the greater of (i) underwritten expenses and (ii) trailing 12-month operating expenses, if available) is greater than or equal to 8.7%. |
(15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. |
A-22 |
(16) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. With respect to Loan No. 1, 620 W 153rd Street, historical financial information is not available because the improvements were completed in 2023. With respect to Loan No. 2, GNL Industrial Portfolio, fourth most recent revenue is unavailable because the GNL Industrial Portfolio properties were acquired by the borrower sponsor on various dates between 2014 and 2020. With respect to Loan No. 5, Vero Office Portfolio, full year 2020 and 2021 financials are not available as the borrower sponsor purchased the mortgaged properties between October and December 2021. With respect to Loan No. 6, Coastline Apartments, the 4th Most Recent NOI is not available as the borrower sponsor acquired the mortgaged property in June 2021. With respect to Loan No. 14, Respara, historical financials are not available as the Respara Property was delivered in December 2022 and has been undergoing lease up. With respect to Loan No. 17, Lexmark, historical financials are not available because the mortgaged property was recently acquired in December 2023 as part of an all-cash sale leaseback transaction for $126,948,000. With respect to Loan No. 18, 352 Meeker Avenue, historical financial information is not available due to the recent development of the mortgaged property. With respect to Loan No. 20, Cincinnati Multifamily Portfolio, historical financial information prior to 2023 is not available as the sponsor acquired the mortgaged properties in various transactions in 2021 and 2022. With respect to Loan No. 24, 485 Locust Avenue, historical financials are not available as the mortgaged property was acquired by the borrower sponsor in 2019 and subsequently gut renovated in 2023. With respect to Loan No. 25, 55 Borinquen Place, historical financial information is not available due to the recent development of the mortgaged property. With respect to Loan No. 27, 828 New York Avenue, historical financial information is not available as the mortgaged property was built in 2023. With respect to Loan No. 29, 1281 Hoe Avenue, historical financial information prior to the most recent operating period is not available due to the recent development of the mortgaged property. With respect to Loan No. 30, Central Illinois Storage & Kentucky RV Portfolio, historical financial information for the Southern Comfort RV Park mortgaged property is not available because the Southern Comfort RV Park mortgaged property was acquired in 2023. With respect to Loan No. 31, 631 East 6th Street, historical financial information prior to the most recent operating period is not available due to the recent renovation of the mortgaged property. With respect to Loan No. 32, 2638 Decatur Avenue, historical financial information is not available due to the recent development of the mortgaged property. With respect to Loan No. 35, Washington Lofts, historical financial information is not available due to the recent redevelopment of the mortgaged property. With respect to Loan No. 37, La Provence Apartments, historical financial information is not available as the mortgaged property was acquired in February 2022 and then converted to its current multifamily use. The renovation work was completed in 2023. With respect to Loan No. 39, 242 Montrose Avenue, historical financial information is not available as the mortgaged property was acquired in September 2022 and went through renovations in 2023. |
(17) | With respect to Loan No. 19, Casa Cipriani, the City of New York, 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 subleasehold 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 consumer price index increases each July 1. The Ground Lease is a sublease of, and subject and subordinate to, the Master Ground Lease. |
A-23 |
(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. With respect to Loan No. 1, 620 W 153rd Street, other reserves include a rent reserve of $309,400 and a rent concession reserve of approximately $173,337.50. With respect to Loan No. 2, GNL Industrial Portfolio, other reserves include a Follet replacement work reserve of approximately $741,403, a free rent reserve of $553,119, a Cott Beverage concrete work reserve of $230,000 and an outstanding TI/LC reserve of $109,890. With respect to Loan No. 37, La Provence Apartments, $250,000 was deposited at origination into a debt yield performance reserve. Provided no event of default or monetary or material non-monetary default exist, the lender will disburse the debt yield performance funds to the borrower if, on October 6, 2025, April 6, 2026 or October 6, 2026 (each a “Determination Date”), the debt yield is equal to or greater than 11.2%. If the debt yield is equal to or greater than 11.2% on any Determination Date, the debt yield performance funds will be (i) during the continuance of a cash management trigger event period, transferred to the cash management account or (ii) in the absence of a cash management trigger event period and a cash sweep trigger event period, returned to the borrower. If the debt yield is less than 11.2% on each Determination Date, then (i) if no event of default, cash management trigger event period or cash sweep trigger event period is continuing, the debt yield performance funds will be, at the option of the borrower, but subject to the lender’s review and approval, held by the lender as additional collateral for the mortgage loan or applied by the lender to any property level expenses, as directed by the borrower, (ii) if a cash management trigger event period or cash sweep trigger event period is continuing but no event of default is continuing, the debt yield performance funds will be held as additional collateral for the mortgage loan, or (iii) if an event of default is continuing, the lender may, in addition to any and all other rights and remedies available to the lender, hold the debt yield performance funds as additional collateral for the mortgage loan or apply the same to the payment of the outstanding principal balance in any order, proportion and priority as the lender may determine in its sole and absolute discretion. |
A-24 |
(19) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. With respect to Loan No. 2, GNL Industrial Portfolio, during the continuance of a cash sweep period, the borrowers are required to deposit into an account for repairs and replacements, on a monthly basis, an amount equal to 1/12th of $0.15 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.15 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release. With respect to Loan No. 2, GNL Industrial Portfolio, during a cash sweep period, the borrowers are required to deposit into a reserve for tenant improvements and leasing commissions, on a monthly basis, an amount equal to 1/12th of $0.25 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product ob-tained by multiplying $0.25 by the total number of rentable square feet of the individual mortgaged prop-erty that is subject of such partial release. With respect to Loan No. 5, Vero Office Portfolio, 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 per square foot) 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 per square foot) 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 cap equal to $5,000,000. With respect to Loan No. 6, Coastline Apartments, the borrower is required to replenish the required upgrade reserve (separate from the ongoing capital expenditure reserve) by $500 per rentable unit if the reserve balance falls below $200,000. With respect to Loan No. 7, Sheraton Park City, on a monthly basis in March, April and May of each year, commencing in 2025, the borrower is required to deposit $326,000, subject to a cap of $978,000. The lender is required to disburse from the seasonality reserve to the borrower on the first business day in (i) the month of June, $380,000 and (ii) the months of January, February, July, August, September, October, November and December, $74,750. With respect to Loan No. 7, Sheraton Park City, on a monthly basis, the borrower is required to escrow an amount equal to 1/12th of 4% of annual gross revenues, which currently equates to $46,804.71, for FF&E reserves. With respect to Loan No. 9, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, the borrower is required to make monthly deposits equal to 1/12th of the annual estimated tax payments during the next ensuing 12 months. With respect to Loan No. 9, Kenwood Towne Centre, during the continuance of a reserve trigger period or cash management period, the borrower is required to make monthly deposits equal to 1/12th of the annual estimated insurance payments, except if the Kenwood Towne Centre property is insured under a blanket policy meeting the requirements set forth in the related Kenwood Towne Centre whole loan documents (in which case, no insurance escrows will be required). With respect to Loan No. 9, Kenwood Towne Centre, on each monthly payment date, the borrower is required to escrow an amount equal to approximately $129,143 for rollover reserves, capped at $3,099,423. With respect to Loan No. 10, Staten Island Mall, the borrower may cure a cash management period by (a) partially prepaying the loan (including the applicable yield maintenance premium) in an amount that would cause the debt yield to be at least 11.0% or (b) posting cash or a letter of credit which if applied to the balance would cause the debt yield to be at least 11.0%. With respect to Loan No. 10, Staten Island Mall, the loan documents do not require ongoing monthly tax reserves provided, no cash management period is continuing. If such condition is not satisfied, the loan documents require ongoing monthly tax reserves in an amount equal to 1/12th of the tax payments that the lender reasonably estimates will be payable during the next ensuing 12 months. With respect to Loan No. 10, Staten Island Mall, the loan documents do not require ongoing monthly insurance reserves provided, no cash management period is continuing, and the borrower maintains insurance coverage for the Staten Island Mall Property as part of blanket or umbrella coverage reasonably approved by the lender and provides the lender with evidence of the renewals of the insurance policies and paid receipts for the payment of the insurance premiums prior to the expiration dates of the policies. If such conditions are not satisfied, the loan documents require ongoing monthly insurance reserves equal to 1/12 of the insurance premiums that the lender estimates will be payable for the renewal of coverage. With respect to Loan No. 10, Staten Island Mall, the loan documents do not require ongoing replacement reserves; provided, no cash management period is continuing. During the continuance of a cash management period, the loan documents require ongoing monthly deposits equal to 1/12th of $0.25 per owned leasable SF (initially $20,748) subject to a cap of 24 months of collections (initially $497,950). With respect to Loan No. 10, Staten Island Mall, the loan documents require an upfront deposit of $4,580,787 for outstanding tenant improvements and leasing commissions related to 12 tenants. During the continuance of a cash management period, the loan documents require ongoing monthly reposits equal to 1/12th of $1.00 per owned leasable SF (which initially shall be $82,992 for TI/LCs subject to a cap of 24 months collections ($1,991,800). With respect to Loan No. 10, Staten Island Mall, during the continuance of an anchor tenant trigger event, the loan documents require monthly deposits equal to all excess cash flows until the balance of the account is equal to $50 multiplied by the aggregate amount of gross leasable SF of the applicable anchor tenant space for tenant improvements and leasing commissions, budgeted construction costs, required landlord work and other related costs associated with re-tenanting the applicable space. With respect to Loan No. 13, Homewood Suites San Diego Mission Valley Zoo, the monthly deposits into the FF&E reserve are required to be equal to (x) $31,237 for the payment dates in May 2024 through April 2025 and (y) thereafter for the payment dates in May through April of the following year, the greater of (1) any franchise-mandated amount and (2) 1/12th of 4% of the borrower’s gross revenues over the trailing 12-month period. With respect to Loan No. 14, Respara, the loan documents do not require ongoing monthly insurance reserves; provided no event of default is continuing and the borrower maintains insurance coverage for the Respara Property as part of blanket or umbrella coverage reasonably approved by the lender, and provides the lender with evidence of the renewals of the insurance policies and paid receipts for the payment of the insurance premiums no later than 10 business days prior to the expiration dates of the policies. If such conditions are not satisfied, the loan documents require ongoing monthly insurance reserves in an amount equal to 1/12 of the insurance premiums that the lender reasonably estimates will be payable during the next ensuing 12 months. With respect to Loan No. 14, Respara, the loan documents require ongoing monthly deposits of $1,125 for replacement reserves, subject to a cap of $40,500 ($750/unit). With respect to Loan No. 15, Point Plaza West, the borrower is not required to make monthly insurance deposits as long as (i) no event of default has occurred or is continuing, (ii) the insurance is maintained pursuant to one or more blanket policies, (iii) the borrower timely provides lender with evidence of renewal of such policies, and (iv) the borrower provides the lender paid receipts of the insurance premiums no later than ten business days prior to the expiration of the policies. With respect to Loan No. 16, 6 Columbus Hotel, the borrower will make monthly deposits into the Seasonality Reserve in an amount of $137,500 on collection months. This reserve will be available to the borrower to cover operating shortfalls. The collection months will be in January, October, November, and December. Provided no event of default under the mortgage loan agreement is then continuing, any balance in the seasonality reserve on the September payment date of each year will be released to the borrower. The borrower will also make seasonality contributions to the seasonality reserve of $17,500 for the June and July 2024 payment dates. With respect to Loan No. 17, Lexmark, the borrower is required to deposit into a real estate tax reserve, on a monthly basis, 1/12th of the taxes that the lender estimates will be payable over the next-ensuing 12-month period. The borrower has no obligation to make required monthly deposits into the real estate tax reserve on any monthly payment date to the extent that the following conditions are satisfied on the date of such required monthly deposit: (i) no trigger period has occurred and is continuing, (ii) the specified tenant is responsible, pursuant to the terms of the specified tenant lease, for the direct payment of taxes to the applicable taxing authority and is timely making all such required payments pursuant thereto, and no default has occurred and is then continuing under the specified tenant lease with respect thereto and (iii) the lender receives evidence that all such taxes have been timely paid prior to the date such taxes are delinquent. With respect to Loan No. 17, Lexmark, the borrower is required to deposit into an insurance reserve, on a monthly basis, 1/12th of the amount which will be sufficient to pay the insurance premiums due for the renewal of coverage afforded by such policies. The borrower has no obligation to make required monthly deposits into the insurance reserve on any monthly payment date to the extent that the following conditions are satisfied on the date of such required monthly deposit: (i) no trigger period has occurred and is continuing, (ii) the specified tenant is responsible, pursuant to the terms of the specified tenant lease, for maintaining the applicable insurance coverage(s) which would otherwise be paid for pursuant to the terms of the whole loan, (iii) such insurance coverages comply with the applicable requirements of the whole loan and (iv) the lender receives evidence that (A) the applicable policies are in full force and effect and that the insurance obligations under the whole loan are otherwise satisfied, and (B) all applicable insurance premiums have been timely paid in full on or prior to the dates by which such insurance premiums are required to be paid. With respect to Loan No. 17, Lexmark, the borrower is required to deposit into a replacement reserve, on a monthly basis, $37,830.58. The borrower has no obligation to make required monthly deposits into the replacement reserve on any monthly payment date in the event that the following conditions are satisfied on the date of such required monthly deposit: (i) no trigger period has occurred and is continuing, (ii) the specified tenant is responsible, pursuant to the terms of the specified tenant lease, for maintaining the mortgaged property and making any and all repairs and/or capital improvements to the mortgaged property and continues to make payments and perform obligations required under the specified tenant lease and (iii) the lender receives evidence that all such repairs and/or capital improvements have been completed in a good and workmanlike manner and in accordance with applicable legal requirements; provided that, the lender may not request any such evidence more than two times in any calendar year unless (1) a trigger period has occurred and is continuing, (2) required in connection with a secondary market transaction at any time prior to the last securitization of any portion of the whole loan, or (3) the lender has reasonable basis to believe that there may be a life/safety issue at the mortgaged property. With respect to Loan No. 17, Lexmark, during a trigger period, the borrower is required to deposit into a TI/LC reserve, on a monthly basis, an amount equal to $30,189. With respect to Loan No. 19, Casa Cipriani, the borrower is required to deposit into an eligible 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 1/12th 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. With respect to Loan 21, AHIP Virginia 3-Pack, the borrower is required to deposit $52,000 on a monthly basis, from the origination date through and including the monthly payment date occurring in June 2025, into the Hilton PIP reserve account. With respect to Loan 21, AHIP Virginia 3-Pack, the borrower must deposit on each monthly payment date into the South Hill FF&E reserve the greatest of (i) 4% of the projected gross revenue for the Fairfield Inn & Suites South Hill Property for the prior month as set forth in the most recent approved annual budget, (ii) the then-current amount required by the management agreement applicable to the Fairfield Inn & Suites South Hill Property and (iii) the then-current amount required by the franchise agreement applicable to the Fairfield Inn & Suites South Hill Property for approved capital expenditure and repairs. With respect to Loan 21, AHIP Virginia 3-Pack, the borrower must deposit on each monthly payment date into the Hilton FF&E reserve the greatest of (i) 4% of the projected gross revenue for the Hampton Inn Emporia Property and the Hampton Inn Harrisonburg South Property for the prior month as set forth in the most recent approved annual budget, (ii) the then-current amount required by the management agreements applicable to the Hampton Inn Emporia Property and the Hampton Inn Harrisonburg South Property and (iii) the then-current amount required by the franchise agreements applicable to the Hampton Inn Emporia Property and the Hampton Inn Harrisonburg South Property for approved capital expenditure and repairs. With respect to Loan No. 22, 114 East 71st Street, the borrower is not required to make monthly insurance reserve deposit so long as the insurance coverage is provided through an approved blanket insurance policy. With respect to Loan No. 24, 485 Locust Avenue, if the borrower elects to satisfy the Kochvei Ohr renewal cure conditions, the Kochvei Ohr Renewal Deposit Amount (as defined below) will be deposited into the Kochvei Ohr renewal reserve account. “Kochvei Ohr Renewal Deposit Amount” means an amount equal to the monthly rental amount payable under the Kochvei Ohr lease as of the date of the renewal trigger event multiplied by 12. With respect to Loan No. 33, AutoNation, 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. |
(20) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 1, 620 W 153rd Street, on a monthly basis, the borrowers are required to escrow $1,939 for TI/LC reserves (subject to a cap equal to $69,804). With respect to Loan No. 3, 28-40 West 23rd Street, the borrower is required to deposit into a replacement reserve, on a monthly basis, approximately $9,635 (subject to a cap of $346,863). With respect to Loan No. No. 24, 485 Locust Avenue, on a monthly basis, the borrowers are required to escrow $5,600 for TI/LC reserves (subject to a cap equal to $150,000). |
A-25 |
(21) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates. With respect to Loan No. 12, 1812 North Moore, the Third Largest Tenant, Oracle America, Inc. leases 38,075 SF of space that expires in December 2029 and 8,187 SF of space that expires in June 2030. With respect to Loan No. 33, AutoNation, 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. |
(22) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. With respect to Loan No. 9, Kenwood Towne Centre, the Largest Tenant, Macy’s, is a leased fee tenant, which owns its improvements on the related mortgaged property. With respect to Loan No. 9, Kenwood Towne Centre, the Second Largest Tenant, Dillard’s, has a one-time option to surrender the expansion premises (approximately 90,000 square feet). |
(23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 2, GNL Industrial Portfolio, Grupo Antolin, the Sole Tenant at the Grupo Antolin - Shelby Township, MI mortgaged property, has a one-time right to terminate its lease, effective as of the last day of the 138th month of the lease term by providing the related borrower written notice of such termination no later than the 126th month of the lease term. With respect to Loan No. 2, GNL Industrial Portfolio, ZF Active Safety, the Sole Tenant at the ZF Active Safety - Findlay, OH mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, subject to providing no less than twelve months’ prior written notice to the related borrower and payment equal to the net present value of all remaining rent for the remainder of the initial lease term calculated using an interest rate of 5% concurrently with delivery of such notice. With respect to Loan No. 2, GNL Industrial Portfolio, A.M. Castle & Co, the Sole Tenant at the AM Castle - Wichita, KS mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, subject to providing no less than 180 days’ prior written notice to the related borrower and payment of a termination fee. With respect to Loan No. 5, Vero Office Portfolio, the Largest Tenant at the Parkway Avalon mortgaged property, Open Text - GXS, has a one-time right to terminate its lease, effective April 30, 2027, subject to providing no less than nine months’ prior written notice and payment of a termination fee. With respect to Loan No. 5, Vero Office Portfolio, the Second Largest Tenant at the Parkway Avalon mortgaged property, Kimley-Horn and Associates, has a one-time right to terminate the expansion space (Suite 550 containing 10,317 square feet), effective September 30, 2025, subject to providing written notice on or before September 30, 2024 and payment of a termination fee. With respect to Loan No. 8, McGaw Commerce Center, the Largest Tenant, BA Products, has the right to downsize its space by 12,636 square feet effective as of September 30, 2025 by delivering written notice to the landlord on or prior to March 31, 2025. With respect to Loan No. 11, Rialto I & II, the Largest Tenant, LJA Engineering, Inc., has the one-time right to terminate its lease effective April 30, 2026 by delivering written notice to the landlord at least 12 months prior to April 30, 2026. With respect to Loan No. 12, 1812 North Moore, the Largest Tenant, Nestle USA, Inc., has two options to contract its space at the 1812 North Moore Property. The first option specifies Nestle can reduce its space only for the lowest full floor that is part of the premises, effective any time after the last day of the 84th full calendar month following the rent commencement date (which equates to February 1, 2027) by providing written notice no later than 12 months prior to the first contraction date. The second option specifies Nestle has the one-time right to reduce its space (x) if the foregoing contraction option was exercised, then only as to the lowest full floor that is then part of the leased premises, and (y) if the foregoing contraction option was not exercised, then only as to the lower floor or two floors that are then part of the leased premises, in each case effective any time after the last day of the 120th full calendar month following the rent commencement date (which equates to February 1, 2030) by providing written notice no later than 12 months prior to the first contraction date. With respect to Loan No. 12, 1812 North Moore, the Fourth Largest Tenant, Graham Holdings Company may accelerate the expiration date of its lease to August 2036 by providing written notice no later than June 30, 2035, along with payment of a termination fee. With respect to Loan No. 12, 1812 North Moore, the Fifth Largest Tenant, National Electrical Manufacturers Association has the one time right to terminate its lease effective on the last day of the 105th full calendar month after the commencement date, (which equates to September 2033), by giving prior written notice 12 months prior to the termination date. With respect to Loan No. 15, Point Plaza West, the Largest Tenant, DSHS, has the option to terminate a portion of its space (31,240 square feet) if federal funds for the space are reduced by 50% or more or not allocated by the U.S. Congress, with written notice of at least 90 days. |
A-26 |
(24) | With respect to Loan No. 3, 28-40 West 23rd Street, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. The borrower is the sole party responsible for any breaches of the non-recourse carveout provisions under the 28-40 West 23rd Street whole loan documents and any liabilities incurred under the environmental indemnity agreement. With respect to Loan No. 10, Staten Island Mall, 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 Staten Island Mall whole loan, plus third party costs actually incurred by the lender (including reasonable attorneys’ fees and costs) in connection with collection of amounts due under the non-recourse carveout guaranty. |
(25) | Each letter identifies a group of related borrowers. |
(26) | The classification of the lockbox types is described in the prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” in the prospectus for further details. With respect to Loan No. 6, Coastline Apartments, a cash management period will be triggered under the Coastline Apartments whole loan documents, if on or after the calculation date in October 2024, among other trigger events, (i) as of the last day of any calendar quarter during the term of the Coastline Apartments whole loan, the debt service coverage ratio for the Coastline Apartments whole loan is less than 1.10x or (ii) the debt yield for the Coastline Apartments whole loan is less than 7.0%, and in each case, such value is calculated taking into account the whole loan only (without regard to the mezzanine loan). |
A-27 |
(27) | With respect to Loan No. 1, 620 W 153rd Street, the mortgaged property is subject to a 35-year 421-a tax abatement under the New York City Department of Housing Preservation and Development 421-a tax abatement program that commenced in 2023. In connection with the 421-a tax abatement, the borrower is required to reserve at least 30% (which is equal to 72 units) of the units at the mortgaged property for tenants earning no more than 130% of the area median income, subject to certain rental restrictions. The 421-a tax abatement provides (i) a 100% tax exemption for the first 25 years through 2048 and (ii) a 30.25% tax exemption for years 26 through 35 with full taxes commencing at the end of the 35th applicable tax year. The full unabated estimated taxes for the 2024/2025 tax year are $2,646,025 compared to the underwritten abated taxes of $81,474. With respect to Loan No. 2, GNL Industrial Portfolio, the CSTK - St. Louis, MO mortgaged property is subject to tax increment financing (“TIF”) in which the City of St. Louis issued bonds and reimbursed the prior owner for costs expended to develop the related mortgaged property before the related borrower acquired it in 2020. The city services those bond payments through tax increment and payment in lieu of taxes (“PILOT”) payments collected from the borrower. The TIF structure does not create any additional or ongoing obligations on the part of the related borrower or the related mortgaged property (other than the PILOT payments). The related borrower is required to make PILOT payments when they become due, and the PILOT program terminates on January 30, 2037. With respect to Loan No. 18, 352 Meeker Avenue, the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development, and is required to reserve at least 30% (which is equal to nine units) of the units for households earning up to 130% of area median income under affordable housing guidelines, which 421-a tax abatement phases out in 2058/2059. With respect to Loan No. 19, Casa Cipriani, 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 New York City Department of Finance (“NYCDOF”), 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 NYCDOF may otherwise then generally require), as provided in the ground sublease, which PILOT amount 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 amount will be in an amount equal to real estate taxes due on the mortgaged property. With respect to Loan No. 25, 55 Borinquen Place, the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development, and is required to reserve at least 30% (which is equal to five units) of the units for households earning up to 130% of area median income under affordable housing guidelines, which 421-a tax abatement phases out in 2058/2059. With respect to Loan No. 27, 828 New York Avenue, the borrower has applied for a 421-a tax exemption, which would allow the mortgaged property to benefit from a 35-year partial real estate tax exemption which includes a 100% exemption for the first 25 years and a 33% exemption in years 26 through 35. As part of compliance with the exemption terms, the borrower will be required to allocate 8 of the 24 units (or a minimum of 30% of the units) to affordable housing leased to tenants with incomes not exceeding 130% of area median income. The lender underwrote the mortgage loan assuming the 421-a application will be approved. The mortgage loan is structured with a tax stabilization reserve of $1.53 million, which will be used to pay down the mortgage loan by $1.35 million (and cover prepayment yield maintenance) if (i) the 421-a application is rejected or (ii) there is no decision regarding the acceptance into the 421-a program by February 12, 2025. With respect to Loan No. 29, 1281 Hoe Avenue, the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development, and is required to reserve at least 30% of the units for households earning up to 130% of area median income under affordable housing guidelines, which 421-a tax abatement phases out in 2057/2058. The borrower has opted to reserve 97.78% (which is equal to 44 units) of the units at the mortgaged property for tenants earning no more than 130% of the area median income. With respect to Loan No. 32, 2638 Decatur Avenue, the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development, and is required to reserve at least 30% of the units for households earning up to 130% of area median income under affordable housing guidelines, which 421-a tax abatement phases out in 2058/2059. The borrower has opted to reserve 95.8% (which is equal to 23 units) of the units at the mortgaged property for tenants earning no more than 130% of the area median income. With respect to Loan No. 35, Washington Lofts, the mortgaged property benefits from a 12-year 485-a tax abatement with the City of Albany for residential properties that were converted from a non-residential use, which 485-a tax abatement phases out in 2034/2035. |
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(28) | With respect to Loan No. 1, 620 W 153rd Street, the borrowers, as landlord, and 180 E 125th Realty LLC, an affiliate of the borrower sponsor, have entered into a Master Lease Agreement, dated as of March 28, 2024, for nine vacant market rate units, for a term commencing on April 1, 2024, and continuing through and including the maturity date, at a rental rate equal to $42,000 per month. The master lease rent was included in the calculation of the underwritten net cash flow. With respect to Loan No. 2, GNL Industrial Portfolio, the mortgaged properties are subject to a master lease between ARG CFSRSLB001, LLC, as lessor, an affiliate of the borrower sponsors, and Sauer Brands, Inc., as lessee. With respect to Loan No. 19, Casa Cipriani, 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. With respect to Loan No. 25, 55 Borinquen Place, the borrower sponsor, entered into a master lease with the borrower for the five vacant units at the mortgaged property. With respect to Loan No. 30, Central Illinois Storage & Kentucky RV Portfolio, the borrower, as landlord, and Great Lakes Land Holdings LLC ("Great Lakes”), an affiliate of the borrower, entered into a master lease on the origination date covering the land directly beneath five non-collateral manufactured housing units at the Southern Comfort RV Park mortgaged property that are owned by Great Lakes. Pursuant to the master lease, Great Lakes is required to pay the borrower $750 in master lease rent per month per pad. The master lease rent was not included in the calculation of the underwritten net cash flow. With respect to Loan No. 31, 631 East 6th Street, the borrower sponsor, entered into a master lease with the borrower for the one vacant unit at the mortgaged property. |
(29) | Property Located Within a Qualified Opportunity Zone (Y/N) reflects mortgaged properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ. • Loan No. 20, Cincinnati Multifamily Portfolio - 669 & 686 Gholson Avenue mortgaged property, 810 North Fred Shuttlesworth Circle mortgaged property, 725 Greenwood Avenue mortgaged property • Loan No. 29, 1281 Hoe Avenue |
(30) | With respect to Loan No. 28, 8 Hook Road, the environmental consultant identified a REC at the mortgaged property in connection with the presence of petroleum and chlorinated solvent impacts to soil and groundwater which was identified in a 2018 Phase II of the mortgaged property, the source of which is unknown but possibly linked to the former on-site tanks, historical on-site industrial use or long term adjacent and off-site petroleum bulk storage facility operations. The mortgage loan documents obligate the borrower to take certain actions related to environmental matters at the mortgaged property and the mortgage loan is structured with an environmental escrow in the amount of $455,000, which amount represents the high end of a remedial cost estimate dated March 12, 2024 prepared by the environmental consultant (which ranged between $160,000 to $455,000) for actions required to obtain regulatory closure in the form of a response action outcome with respect to the identified REC. |
(31) | With respect to Loan No. 3, 28-40 West 23rd Street, the decrease from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is driven by the former tenant Xandr being marked as vacant as its lease expired in March 2024. With respect to Loan No. 5, Vero Office Portfolio, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily due to approximately 374,483 square feet (37.9% of total square feet) of recent leasing that has been executed across the Vero Office Portfolio since 2022. Of the total recent leasing, 197,995 square feet (20.1% of total square feet) are new leases and 176,488 square feet (17.9% of total square feet) are renewals. With respect to Loan No. 11, Rialto I & II, the increase from Most Recent NOI to UW NOI is primarily due to new and renewal leases that commenced in 2023 and 2024 encompassing 12.8% of the net rentable area and total underwritten rent steps of $97,356 through February 2025. With respect to Loan No. 12, 1812 North Moore, the increase from the Most Recent NOI ($) to Underwritten Net Operating Income ($) is primarily driven by the execution of two new leases in 2024. |
(32) | With respect to Loan No. 5, Vero Office Portfolio, a portion of the proceeds from the related whole loan were used to facilitate the discounted payoff of an existing prior loan, which was originated in October 2021 and initially scheduled to mature in October 2023. The fully funded balance of the prior loan was approximately $198.0 million when the prior lender accepted a discounted payoff of approximately $143.7 million. |
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(33) | With respect to Loan No. 1, 620 W 153rd Street, the borrowers own the related mortgaged property as tenants-in-common. With respect to Loan No. 6, Coastline Apartments, the borrowers own the related mortgaged property as tenants-in-common. |
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