FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-262701-06 | ||
FREE WRITING PROSPECTUS, DATED May 13, 2024
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File No. 333-262701) for the offering to which this free writing prospectus 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 Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BMO Capital Markets Corp., Barclays Capital Inc., Drexel Hamilton, LLC, Siebert Williams Shank & Co., LLC or any other underwriter or dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.
The information in this file (the “File”) is an electronic copy of the information set forth in the Annex titled “Certain Characteristics of the Mortgage Loans and Mortgaged Properties” to the prospectus. This File does not contain all information that is required to be included in the prospectus. This File should be reviewed only in conjunction with the entire prospectus. Prospective investors are advised to read carefully, and should rely on, the prospectus relating to the certificates referred to herein in making their investment decision. Methodologies used in deriving certain information contained in this File are more fully described elsewhere in the prospectus. The information in this File should not be viewed as projections, forecasts, predictions or opinions with respect to value.
The information in this File is preliminary and may be amended and/or supplemented prior to the time of sale. The information in this File supersedes any contrary information contained in any prior File relating to the certificates and will be superseded by any contrary information contained in any subsequent File prior to the time of sale.
The securities related to this File are being offered when, as and if issued. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy such securities in any state or other jurisdiction where such offer, solicitation or sale is not permitted. Such securities do not represent an interest in or obligation of the depositor, the sponsors, the originators, the master servicer, the special servicer, the trustee, the certificate administrator, the operating advisor, the asset representations reviewer, the controlling class representative, any risk retention consultation parties, the companion loan holders (or their representatives), the underwriters or any of their respective affiliates. Neither such securities nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality or private insurer.
Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and that these materials may not be updated or (3) these materials possibly being confidential, are, in each case, not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator | Mortgage Loan Seller | Related Group | Crossed Group | Address | City | County | State | 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) ($) | Monthly Debt Service (IO) ($) | 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 | 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 ($) | Third Most Recent Expenses ($) | 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 | 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 | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type | Sponsor | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) | Sources: Principal's New Cash Contribution ($) | Sources: Subordinate Debt ($) | Sources: Other Sources ($) | Sources: Total Sources ($) | Uses: Loan Payoff ($) | Uses: Purchase Price ($) | Uses: Closing Costs ($) | Uses: Reserves ($) | Uses: Principal Equity Distribution ($) | Uses: Other Uses ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | 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 | 2 | 2 | 3 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 6 | 4 | 4 | 8 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1 | Loan | 1 | 28-40 West 23rd Street | 9.7% | 100.0% | CREFI | CREFI | NAP | NAP | 28-40 West 23rd Street | New York | New York | New York | 10010 | Mixed Use | Office/Retail | 1911 | 1987 | 578,105 | SF | 268.12 | 80,000,000 | 80,000,000 | 80,000,000 | 6.07000% | 0.01667% | 6.05333% | NAP | 410,287.04 | NAP | 4,923,444.48 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 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 | 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 | 2/15/2024 | 36.9% | 36.9% | 73.5% | 4/1/2024 | No | Aramis - Estee Lauder | 240,500 | 41.6% | 1/31/2028 | Home Depot | 118,500 | 20.5% | 1/31/2036 | RAMP | 66,000 | 11.4% | 11/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/23/2024 | NAP | 2/23/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 4,088,374 | 1,022,093 | 0 | Springing | 0 | 9,635 | 346,863 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,248,306 | 0 | Future Capital Expenditures Reserve ($23,149,913), Unfunded Obligations Reserve ($4,098,392.94) | 0 | 0 | NAP | Springing | Springing | Yes | Yes | Yes | Yes | 80,000,000 | 75,000,000 | 384,644.09 | 794,931.13 | NAP | NAP | 155,000,000 | 794,931.13 | 36.9% | 2.39 | 15.4% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert B. Getreu, Michael T. Cohen and Andrew H. Roos | NAP | 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 | 0 | 172,983,545 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 1 | 1812 North Moore | 8.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1812 North Moore Street | Arlington | Arlington | Virginia | 22209 | Office | CBD | 2013 | NAP | 543,697 | SF | 318.19 | 70,000,000 | 70,000,000 | 68,183,553 | 7.53000% | 0.01667% | 7.51333% | 490,888.94 | 445,350.69 | 5,890,667.28 | 5,344,208.28 | 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 | NAP | 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 | 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 | 2/20/2024 | 54.9% | 53.5% | 83.8% | 3/1/2024 | No | Nestle USA, Inc. | 299,779 | 55.1% | 11/30/2032 | Humana Inc. | 46,784 | 8.6% | 5/31/2031 | Oracle America, Inc. | 46,262 | 8.5% | 12/31/2029 | 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 | No | Fee | NAP | NAP | NAP | NAP | 1,847,102 | 307,850 | 22,645 | 2,516 | 0 | 9,062 | 0 | 0 | 113,334 | 0 | 0 | 0 | 0 | 0 | 7,781,444 | 0 | Unfunded Obligations Reserve ($6,245,853), Free Rent Reserve ($1,535,591) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 70,000,000 | 103,000,000 | 722,308.01 | 1,213,196.95 | NAP | NAP | 173,000,000 | 1,213,196.95 | 54.9% | 1.55 | 13.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Mezzanine (Min Combined Debt Yield of 13.25%; Min Combined DSCR of (a) 1.73x to the extent the determination date is prior to May 6, 2026 and (b) 1.55x to the extent the determination date is on or after May 6, 2026; Intercreditor Agreement is required) | Anthony Westreich | Anthony Westreich | 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 | 0 | 179,657,808 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3 | Loan | 1 | Sunroad Centrum | 8.5% | 100.0% | GSBI | GSMC | NAP | NAP | 8620 Spectrum Center Boulevard | San Diego | San Diego | California | 92123 | Office | CBD | 2008 | NAP | 274,758 | SF | 300.12 | 70,000,000 | 70,000,000 | 70,000,000 | 7.91200% | 0.01667% | 7.89533% | NAP | 467,943.52 | NAP | 5,615,322.24 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/25/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 5 (Once per trailing 12-month period) | 0 | L(24),D(29),O(7) | 6,899,325 | 3,035,453 | 3,863,872 | 2/29/2024 | T-12 | 6,737,537 | 2,959,182 | 3,778,355 | 12/31/2023 | T-12 | 4,217,575 | 2,311,761 | 1,905,814 | 12/31/2022 | T-12 | 96.2% | 12,739,675 | 3,445,066 | 9,294,609 | 54,952 | 194,873 | 9,044,784 | 1.41 | 1.37 | 11.3% | 11.0% | 122,000,000 | As Is | 7/13/2023 | 67.6% | 67.6% | 100.0% | 4/9/2024 | No | General Services Administration | 120,209 | 43.8% | 5/31/2044 | Cypress Insurance Company | 34,065 | 12.4% | 12/31/2029 | Employment Development Department (EDD) | 27,536 | 10.0% | 10/31/2032 | AppFolio | 25,300 | 9.2% | 1/31/2033 | Sunroad Asset Management | 24,879 | 9.1% | 4/30/2032 | 7/27/2023 | NAP | 7/27/2023 | 7/27/2023 | 6% | No | Fee | NAP | NAP | NAP | NAP | 133,544 | 66,772 | 0 | Springing | 274,758 | Springing | 274,758 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,166,026 | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 70,000,000 | 12,460,000 | 83,293.94 | 551,237.46 | NAP | NAP | 82,460,000 | 551,237.46 | 67.6% | 1.37 | 11.3% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Sunroad Holding Corporation | Sunroad Holding Corporation | No | No | Refinance | No | 82,460,000 | 0 | 0 | 0 | 82,460,000 | 64,198,404 | 0 | 854,969 | 6,574,327 | 10,832,299 | 0 | 82,460,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 14 | Prime Storage - Hudson Valley Portfolio | 7.0% | CREFI | CREFI | Group 1 | NAP | Various | Various | Various | New York | Various | Self Storage | Self Storage | Various | Various | 826,261 | SF | 166.41 | 57,500,000 | 57,500,000 | 57,500,000 | 6.23000% | 0.01667% | 6.21333% | NAP | 302,666.96 | NAP | 3,632,003.52 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2/27/2024 | 2 | 6 | 4/6/2024 | NAP | 3/6/2029 | NAP | 0 | 0 | L(26),D(28),O(6) | 16,050,481 | 4,303,606 | 11,746,875 | 12/31/2023 | T-12 | 15,454,279 | 4,438,900 | 11,015,379 | 12/31/2022 | T-12 | 14,584,959 | 4,137,392 | 10,447,567 | 12/31/2021 | T-12 | 86.4% | 16,782,408 | 4,490,628 | 12,291,780 | 134,192 | 25,190 | 12,132,398 | 1.42 | 1.40 | 8.9% | 8.8% | 219,500,000 | As Is | 1/31/2024 | 62.6% | 62.6% | 89.6% | 420,005 | 105,001 | 11,373 | 5,686 | 0 | 11,183 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 623,732 | 0 | Springing | Debt Service Coverage Ratio Cure Reserve | 0 | 0 | NAP | Soft | Springing | Yes | No | Yes | No | 57,500,000 | 80,000,000 | 421,101.85 | 723,768.81 | NAP | NAP | 137,500,000 | 723,768.81 | 62.6% | 1.40 | 8.9% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert Moser | Robert Moser | No | No | Acquisition | 137,500,000 | 90,488,519 | 0 | 748,859 | 228,737,378 | 0 | 213,000,000 | 14,564,143 | 1,173,236 | 0 | 0 | 228,737,378 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
4.01 | Property | 1 | Prime Storage - New Windsor | 1.1% | 16.2% | 149 Windsor Highway | New Windsor | Orange | New York | 12553 | Self Storage | Self Storage | 2009-2024 | NAP | 113,545 | SF | 9,308,840 | 9,308,840 | 9,308,840 | 2,412,582 | 515,056 | 1,897,526 | 12/31/2023 | T-12 | 2,300,684 | 575,031 | 1,725,653 | 12/31/2022 | T-12 | 2,200,409 | 487,664 | 1,712,745 | 12/31/2021 | T-12 | 96.5% | 2,505,167 | 533,125 | 1,972,042 | 16,843 | 0 | 1,955,199 | 35,600,000 | As Is | 1/31/2024 | 96.1% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.02 | Property | 1 | Prime Storage - Wappingers Falls Rt 376 | 0.8% | 11.2% | 929 Route 376 | Wappingers Falls | Dutchess | New York | 12590 | Self Storage | Self Storage | 2002-2016 | NAP | 82,800 | SF | 6,423,892 | 6,423,892 | 6,423,892 | 1,687,002 | 344,334 | 1,342,668 | 12/31/2023 | T-12 | 1,673,609 | 442,186 | 1,231,423 | 12/31/2022 | T-12 | 1,613,207 | 367,194 | 1,246,013 | 12/31/2021 | T-12 | 92.4% | 1,726,764 | 355,500 | 1,371,265 | 14,764 | 0 | 1,356,500 | 23,800,000 | As Is | 1/31/2024 | 93.9% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.03 | Property | 1 | Prime Storage - Wappingers Falls Rt 9 | 0.7% | 10.5% | 1634 Route 9 | Wappingers Falls | Dutchess | New York | 12590 | Self Storage | Self Storage | 1984 | NAP | 82,512 | SF | 6,042,464 | 6,042,464 | 6,042,464 | 1,681,829 | 391,116 | 1,290,713 | 12/31/2023 | T-12 | 1,684,058 | 394,299 | 1,289,759 | 12/31/2022 | T-12 | 1,610,285 | 412,666 | 1,197,619 | 12/31/2021 | T-12 | 92.8% | 1,731,640 | 401,237 | 1,330,403 | 8,361 | 0 | 1,322,042 | 21,200,000 | As Is | 1/31/2024 | 93.1% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.04 | Property | 1 | Prime Storage - Hyde Park | 0.6% | 8.1% | 3914 Route 9 | Hyde Park | Dutchess | New York | 12538 | Self Storage | Self Storage | 1995-1999 | NAP | 59,714 | SF | 4,685,163 | 4,685,163 | 4,685,163 | 1,230,232 | 288,505 | 941,727 | 12/31/2023 | T-12 | 1,216,566 | 268,258 | 948,308 | 12/31/2022 | T-12 | 1,168,595 | 286,034 | 882,561 | 12/31/2021 | T-12 | 94.9% | 1,281,997 | 298,659 | 983,338 | 9,865 | 0 | 973,473 | 15,800,000 | As Is | 1/31/2024 | 96.0% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.05 | Property | 1 | Prime Storage - Newburgh | 0.5% | 7.7% | 24 Liner Road | Newburgh | Orange | New York | 12550 | Self Storage | Self Storage | 1999 | NAP | 63,320 | SF | 4,408,443 | 4,408,443 | 4,408,443 | 1,173,043 | 273,466 | 899,577 | 12/31/2023 | T-12 | 1,132,174 | 283,510 | 848,664 | 12/31/2022 | T-12 | 1,055,881 | 288,256 | 767,625 | 12/31/2021 | T-12 | 95.9% | 1,225,170 | 290,723 | 934,448 | 5,007 | 0 | 929,440 | 14,000,000 | As Is | 1/31/2024 | 95.9% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.06 | Property | 1 | Prime Storage - Highland | 0.5% | 7.0% | 50 North Roberts Road | Highland | Ulster | New York | 12528 | Self Storage | Self Storage | 1985-2021 | NAP | 58,114 | SF | 4,015,716 | 4,015,716 | 4,015,716 | 1,099,725 | 296,552 | 803,173 | 12/31/2023 | T-12 | 1,036,753 | 343,765 | 692,988 | 12/31/2022 | T-12 | 860,473 | 289,615 | 570,858 | 12/31/2021 | T-12 | 93.2% | 1,153,815 | 305,372 | 848,443 | 5,040 | 0 | 843,403 | 12,800,000 | As Is | 1/31/2024 | 94.5% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.07 | Property | 1 | Prime Storage - Beacon | 0.5% | 6.6% | 629 Route 52 | Beacon | Dutchess | New York | 12508 | Self Storage | Self Storage | 1956, 2023 | 2017 | 71,853 | SF | 3,769,813 | 3,769,813 | 3,769,813 | 913,825 | 384,343 | 529,482 | 12/31/2023 | T-12 | 707,068 | 325,092 | 381,976 | 12/31/2022 | T-12 | 666,903 | 226,596 | 440,307 | 12/31/2021 | T-12 | 45.5% | 1,215,620 | 427,382 | 788,238 | 4,171 | 0 | 784,067 | 27,800,000 | As Is | 1/31/2024 | 46.9% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.08 | Property | 1 | Prime Storage - Chester | 0.5% | 6.5% | 1108 Kings Highway | Chester | Orange | New York | 10918 | Self Storage | Self Storage | 2002-2018 | NAP | 50,675 | SF | 3,719,577 | 3,719,577 | 3,719,577 | 983,373 | 201,497 | 781,876 | 12/31/2023 | T-12 | 972,762 | 249,750 | 723,012 | 12/31/2022 | T-12 | 924,315 | 232,129 | 692,186 | 12/31/2021 | T-12 | 90.7% | 996,010 | 210,193 | 785,817 | 5,736 | 0 | 780,081 | 12,900,000 | As Is | 1/31/2024 | 90.5% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.09 | Property | 1 | Prime Storage - Fishkill | 0.4% | 5.7% | 1078 Route 9 | Fishkill | Dutchess | New York | 12524 | Self Storage | Self Storage | 1940, 1983 | 2020 | 40,625 | SF | 3,284,960 | 3,284,960 | 3,284,960 | 906,868 | 230,021 | 676,847 | 12/31/2023 | T-12 | 956,255 | 244,863 | 711,392 | 12/31/2022 | T-12 | 885,686 | 213,378 | 672,308 | 12/31/2021 | T-12 | 87.6% | 933,831 | 236,618 | 697,213 | 3,714 | 0 | 693,499 | 12,100,000 | As Is | 1/31/2024 | 88.6% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | 2/5/2024 | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.10 | Property | 1 | Prime Storage - Warwick | 0.4% | 5.3% | 210 Kings Highway | Warwick | Orange | New York | 10990 | Self Storage | Self Storage | 1987-1997 | NAP | 42,855 | SF | 3,026,110 | 3,026,110 | 3,026,110 | 793,754 | 168,702 | 625,052 | 12/31/2023 | T-12 | 771,753 | 195,691 | 576,062 | 12/31/2022 | T-12 | 730,591 | 198,079 | 532,512 | 12/31/2021 | T-12 | 93.1% | 814,940 | 174,575 | 640,365 | 5,751 | 0 | 634,614 | 10,000,000 | As Is | 1/31/2024 | 92.9% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.11 | Property | 1 | Prime Storage - Walden | 0.3% | 4.7% | 151 Orange Avenue | Walden | Orange | New York | 12586 | Self Storage | Self Storage | 1995-1999 | NAP | 43,375 | SF | 2,700,773 | 2,700,773 | 2,700,773 | 716,715 | 163,848 | 552,867 | 12/31/2023 | T-12 | 716,524 | 161,566 | 554,958 | 12/31/2022 | T-12 | 683,949 | 180,821 | 503,128 | 12/31/2021 | T-12 | 89.8% | 742,354 | 165,367 | 576,988 | 5,974 | 0 | 571,014 | 9,400,000 | As Is | 1/31/2024 | 89.1% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.12 | Property | 1 | Prime Storage - Poughkeepsie | 0.3% | 4.7% | 3 Neptune Road | Poughkeepsie | Dutchess | New York | 12601 | Self Storage | Self Storage | 1986 | NAP | 54,740 | SF | 2,694,295 | 2,694,295 | 2,694,295 | 1,264,377 | 642,259 | 622,118 | 12/31/2023 | T-12 | 1,182,451 | 599,410 | 583,041 | 12/31/2022 | T-12 | 1,137,012 | 575,398 | 561,614 | 12/31/2021 | T-12 | 90.4% | 1,274,680 | 662,366 | 612,314 | 18,293 | 25,190 | 568,831 | 10,700,000 | As Is | 1/31/2024 | 95.0% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.13 | Property | 1 | Prime Storage - Saugerties | 0.2% | 3.5% | 2902 Route 9W | Saugerties | Ulster | New York | 12477 | Self Storage | Self Storage | 2007-2021 | NAP | 37,055 | SF | 1,988,015 | 1,988,015 | 1,988,015 | 642,256 | 215,250 | 427,006 | 12/31/2023 | T-12 | 599,631 | 189,059 | 410,572 | 12/31/2022 | T-12 | 564,671 | 197,242 | 367,429 | 12/31/2021 | T-12 | 92.6% | 652,918 | 229,032 | 423,886 | 4,100 | 0 | 419,786 | 7,400,000 | As Is | 1/31/2024 | 93.0% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.14 | Property | 1 | Prime Storage - Pleasant Valley | 0.2% | 2.5% | 5 Mill Lane | Pleasant Valley | Dutchess | New York | 12569 | Self Storage | Self Storage | 1976-1994 | NAP | 25,078 | SF | 1,431,938 | 1,431,938 | 1,431,938 | 544,900 | 188,656 | 356,244 | 12/31/2023 | T-12 | 503,991 | 166,420 | 337,571 | 12/31/2022 | T-12 | 482,982 | 182,321 | 300,661 | 12/31/2021 | T-12 | 93.4% | 527,501 | 200,480 | 327,021 | 26,571 | 0 | 300,450 | 6,000,000 | As Is | 1/31/2024 | 93.0% | 1/2/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/3/2024 | NAP | 2/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5 | Loan | 1 | Hilton Dual Brand Las Vegas | 5.6% | 100.0% | GACC | GACC | NAP | NAP | 755 Sierra Vista Drive | Las Vegas | Clark | Nevada | 89169 | Hospitality | Limited Service/Extended Stay | 2020 | NAP | 250 | Rooms | 184,000.00 | 46,000,000 | 46,000,000 | 46,000,000 | 7.93000% | 0.01667% | 7.91333% | NAP | 308,205.32 | NAP | 3,698,463.84 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 15,236,027 | 8,539,383 | 6,696,644 | 2/29/2024 | T-12 | 14,377,666 | 8,343,423 | 6,034,243 | 12/31/2023 | T-12 | 12,197,402 | 7,394,748 | 4,802,654 | 12/31/2022 | T-12 | 80.6% | 15,236,027 | 8,597,327 | 6,638,700 | 609,441 | 0 | 6,029,259 | 1.79 | 1.63 | 14.4% | 13.1% | 73,100,000 | As Is | 2/16/2024 | 62.9% | 62.9% | 80.6% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/19/2023 | NAP | 6/19/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 25,227 | 25,227 | 0 | Springing | 0 | 4% of Gross Revenue | 2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Daniel Grimm | Daniel Grimm | No | No | Refinance | No | 46,000,000 | 0 | 0 | 0 | 46,000,000 | 45,016,398 | 0 | 640,347 | 25,227 | 318,029 | 0 | 46,000,000 | 9/30/2039; 9/30/2039 | 188.70 | 152.09 | 80.6% | 188.70 | 152.09 | 80.6% | 180.67 | 145.15 | 80.3% | 159.27 | 122.85 | 77.1% | |
6 | Loan | 1 | 1040 40th Street SE | 5.5% | 100.0% | CREFI | CREFI | NAP | NAP | 1040 40th Street Southeast | Grand Rapids | Kent | Michigan | 49508 | Industrial | Warehouse/Distribution | 1980 | 2024 | 950,000 | SF | 47.84 | 45,450,000 | 45,450,000 | 45,450,000 | 7.06000% | 0.01667% | 7.04333% | NAP | 271,111.35 | NAP | 3,253,336.20 | Interest Only | No | Actual/360 | 61 | 61 | 61 | 61 | 0 | 0 | 5/7/2024 | 0 | 6 | 6/6/2024 | NAP | 6/6/2029 | NAP | 0 | 0 | L(24),D(34),O(3) | 5,178,123 | 1,564,530 | 3,613,593 | 2/29/2024 | T-12 | 4,973,031 | 1,498,669 | 3,474,363 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.8% | 6,181,987 | 1,852,040 | 4,329,947 | 133,000 | 95,000 | 4,101,947 | 1.33 | 1.26 | 9.5% | 9.0% | 69,950,000 | As Is | 4/5/2024 | 65.0% | 65.0% | 97.3% | 5/1/2024 | No | Bunzl Retail Services, LLC | 714,294 | 75.2% | 4/30/2028 | American Seating Company | 210,000 | 22.1% | 7/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/18/2024 | NAP | 4/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 558,466 | 55,847 | 0 | Springing | 420,000 | 13,656 | 1,076,000 | 0 | 7,917 | 0 | 0 | 0 | 0 | 244,283 | 400,000 | Springing | Outstanding TI/LC Reserve (Upfront: $400,000), Springing Specified Tenant Renewal Reserve (Monthly: Springing) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Ian Quint | Ian Quint | No | No | Refinance | No | 45,450,000 | 0 | 0 | 0 | 45,450,000 | 38,983,369 | 0 | 2,341,027 | 1,622,749 | 2,502,855 | 0 | 45,450,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
7 | Loan | 4 | Blue Owl Tenneco Portfolio (Pool A) | 5.2% | DBRI, SGFC | GACC | NAP | NAP | Various | Various | Various | Various | Various | Industrial | Various | Various | Various | 1,256,904 | SF | 34.21 | 43,000,000 | 43,000,000 | 43,000,000 | 6.24600% | 0.01667% | 6.22933% | NAP | 226,923.54 | NAP | 2,723,082.48 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/2/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(12),YM1(13),DorYM1(30),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 7,425,241 | 222,757 | 7,202,484 | 188,536 | 0 | 7,013,948 | 2.64 | 2.58 | 16.7% | 16.3% | 99,600,000 | As Is | Various | 43.2% | 43.2% | 100.0% | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Blue Owl NLT Operating Partnership LP | Blue Owl NLT Operating Partnership LP | No | No | Recapitalization | 43,000,000 | 0 | 0 | 0 | 43,000,000 | 0 | 0 | 589,677 | 0 | 42,410,323 | 0 | 43,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
7.01 | Property | 1 | 3160 Abbott Lane | 3.0% | 57.8% | 3160 Abbott Lane | Harrisonburg | Harrisonburg City | Virginia | 22801 | Industrial | Manufacturing | 1960 | 2007 | 760,418 | SF | 24,867,000 | 24,867,000 | 24,867,000 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 57,600,000 | As Is | 8/11/2023 | 100.0% | 5/6/2024 | Yes | Tenneco Inc. | 760,418 | 100.0% | 12/31/2042 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/1/2023 | NAP | 9/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.02 | Property | 1 | 47001 Port Street | 1.1% | 20.1% | 47001 Port Street | Plymouth | Wayne | Michigan | 48170 | Industrial | Flex | 1997 | 2017 | 138,186 | SF | 8,635,000 | 8,635,000 | 8,635,000 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 20,000,000 | As Is | 8/9/2023 | 100.0% | 5/6/2024 | Yes | Tenneco Inc. | 138,186 | 100.0% | 12/31/2042 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/1/2023 | NAP | 9/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.03 | Property | 1 | 3901 Willis Road | 0.6% | 12.3% | 3901 Willis Road | Grass Lake | Jackson | Michigan | 49240 | Industrial | Manufacturing | 1968 | 2014 | 179,133 | SF | 5,310,000 | 5,310,000 | 5,310,000 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 12,300,000 | As Is | 8/9/2023 | 100.0% | 5/6/2024 | Yes | Tenneco Inc. | 179,133 | 100.0% | 12/31/2042 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/1/2023 | NAP | 9/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.04 | Property | 1 | 2845 West State Road 28 | 0.5% | 9.7% | 2845 West State Road 28 | Frankfort | Clinton | Indiana | 46041 | Industrial | Manufacturing | 1964, 1967, 1993, 1999, 2003 | NAP | 179,167 | SF | 4,188,000 | 4,188,000 | 4,188,000 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 9,700,000 | As Is | 8/14/2023 | 100.0% | 5/6/2024 | Yes | Tenneco Inc. | 179,167 | 100.0% | 12/31/2042 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 9/1/2023 | NAP | 9/1/2023 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8 | Loan | 1 | 1099 New York Avenue | 5.1% | 100.0% | BCREI, AREF2 | Barclays | NAP | NAP | 1099 New York Avenue Northwest | Washington | District of Columbia | District of Columbia | 20001 | Office | CBD | 2008 | NAP | 179,585 | SF | 317.40 | 42,000,000 | 42,000,000 | 42,000,000 | 6.79700% | 0.01667% | 6.78033% | NAP | 241,199.10 | NAP | 2,894,389.20 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/22/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 13,966,824 | 5,804,946 | 8,161,878 | 12/31/2023 | T-12 | 12,603,004 | 5,692,702 | 6,910,302 | 12/31/2022 | T-12 | 14,315,394 | 5,769,975 | 8,545,419 | 12/31/2021 | T-12 | 90.0% | 14,167,990 | 6,281,842 | 7,886,148 | 35,917 | 599,727 | 7,250,505 | 2.01 | 1.85 | 13.8% | 12.7% | 95,900,000 | As Is - Subject to Extraordinary Assumption | 2/13/2024 | 59.4% | 59.4% | 91.3% | 3/13/2024 | No | Jenner & Block, LLP | 83,334 | 46.4% | 7/31/2034 | Medialinks TV, LLC | 47,414 | 26.4% | 3/31/2033 | Securities Industry and Financial Markets Association | 17,288 | 9.6% | 10/31/2032 | Bruch Law Group PLLC | 6,372 | 3.5% | 12/31/2028 | FT Casaluca DC, LLC | 5,683 | 3.2% | 4/30/2033 | 2/20/2024 | NAP | 2/20/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 503,282 | 251,641 | 0 | Springing | 0 | 2,993 | 107,751 | 0 | 29,931 | 0 | 0 | 0 | 0 | 0 | 13,504,997 | 0 | Outstanding TI Reserve ($10,159,207), Free Rent Reserve ($3,345,790) | 0 | 0 | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 42,000,000 | 15,000,000 | 86,142.53 | 327,341.63 | NAP | NAP | 57,000,000 | 327,341.63 | 59.4% | 1.85 | 13.8% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | National Capital Properties VI, LP and Kanden Realty & Development America LLC | National Capital Properties VI, LP and Kanden Realty & Development America LLC | No | No | Acquisition | No | 57,000,000 | 42,338,772 | 0 | 0 | 99,338,772 | 0 | 95,000,000 | 3,835,491 | 14,008,279 | 0 | -13,504,997 | 99,338,772 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 1 | 26-30 4th Street | 5.0% | 100.0% | CREFI | CREFI | NAP | NAP | 26-30 4th Street | Astoria | Queens | New York | 11102 | Multifamily | Mid Rise | 2023 | NAP | 99 | Units | 414,141.41 | 41,000,000 | 41,000,000 | 41,000,000 | 6.64000% | 0.01667% | 6.62333% | NAP | 230,017.59 | NAP | 2,760,211.08 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/10/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(31),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 3,911,393 | 558,742 | 3,352,651 | 24,750 | 0 | 3,327,901 | 1.21 | 1.21 | 8.2% | 8.1% | 64,400,000 | As Is | 2/19/2024 | 63.7% | 63.7% | 97.0% | 3/26/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/5/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 23,940 | 4,788 | 47,164 | 5,240 | 0 | 2,063 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,125,205 | 0 | Section 421(a) Reserve ($1,108,905), Rent Concession Reserve ($16,300) | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Isaac Stern and Joseph Brunner | Isaac Stern and Joseph Brunner | No | No | Refinance | No | 41,000,000 | 0 | 0 | 0 | 41,000,000 | 31,005,069 | 0 | 2,259,976 | 1,244,184 | 6,490,772 | 0 | 41,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
10 | Loan | 20 | GNL Industrial Portfolio | 4.9% | BMO, SGFC, BCREI, KeyBank | BMO, Barclays | NAP | NAP | Various | Various | Various | Various | Various | Various | Various | Various | Various | 3,908,306 | SF | 60.64 | 40,000,000 | 40,000,000 | 40,000,000 | 5.74400% | 0.01667% | 5.72733% | NAP | 194,125.93 | NAP | 2,329,511.16 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 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 | 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 | Various | 53.8% | 53.8% | 100.0% | 376,843 | 94,211 | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 1,634,412 | 0 | Follet 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 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 40,000,000 | 197,000,000 | 956,070.18 | 1,150,196.11 | NAP | NAP | 237,000,000 | 1,150,196.11 | 53.8% | 2.12 | 12.6% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Global Net Lease Operating Partnership, L.P. | Global Net Lease Operating Partnership, L.P. | 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 | 0 | 249,312,601 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
10.01 | Property | 1 | FCA USA - Detroit, MI | 1.4% | 29.7% | 6836 Georgia Street | Detroit | Wayne | Michigan | 48211 | Industrial | Warehouse/Distribution | 2015 | 2017, 2020 | 997,022 | SF | 11,897,972 | 11,897,972 | 11,897,972 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Fiat Chrysler | 997,022 | 100.0% | 7/2/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 0.6% | 11.7% | 52888 Shelby Parkway | Shelby Township | Macomb | Michigan | 48316 | Industrial | Manufacturing | 2017 | NAP | 359,807 | SF | 4,690,110 | 4,690,110 | 4,690,110 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Grupo Antolin | 359,807 | 100.0% | 10/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.03 | Property | 1 | Follett School - McHenry, IL | 0.4% | 8.5% | 1340 Ridgeview Drive | McHenry | McHenry | Illinois | 60050 | Industrial | Warehouse/Distribution | 1996 | 2002 | 486,868 | SF | 3,417,599 | 3,417,599 | 3,417,599 | 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 | 2,161,445 | 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 | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Follett School Solutions | 486,868 | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.04 | Property | 1 | Shaw Aero - Naples, FL | 0.2% | 4.9% | 3580 Shaw Boulevard | Naples | Collier | Florida | 34117 | Industrial | Manufacturing/Flex | 1999 | NAP | 130,581 | SF | 1,954,212 | 1,954,212 | 1,954,212 | 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 | 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 | 3/5/2024 | 100.0% | 5/6/2024 | Yes | Shaw Aero Devices | 130,581 | 100.0% | 12/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/6/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.05 | Property | 1 | Kuka - Sterling Heights, MI | 0.2% | 4.5% | 7408 Metro Parkway | Sterling Heights | Macomb | Michigan | 48312 | Industrial | Warehouse/Distribution | 2006 | NAP | 200,000 | SF | 1,813,327 | 1,813,327 | 1,813,327 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | KUKA Systems | 200,000 | 100.0% | 6/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.06 | Property | 1 | ZF Active Safety - Findlay, OH | 0.2% | 4.4% | 1750 Production Drive | Findlay | Hancock | Ohio | 45840 | Industrial | Manufacturing/Warehouse | 2018 | NAP | 216,300 | SF | 1,767,881 | 1,767,881 | 1,767,881 | 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 | 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 | 3/1/2024 | 100.0% | 5/6/2024 | Yes | ZF Active Safety | 216,300 | 100.0% | 10/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.07 | Property | 1 | CF Sauer - 184 Suburban | 0.2% | 4.1% | 184 Suburban Road | San Luis Obispo | San Luis Obispo | California | 93401 | Industrial | Manufacturing | 1998 | NAP | 106,066 | SF | 1,636,085 | 1,636,085 | 1,636,085 | 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 | 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 | 3/1/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 106,066 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.08 | Property | 1 | CF Sauer - 728 N Main St. | 0.2% | 4.1% | 728 North Main Street | Mauldin | Greenville | South Carolina | 29662 | Industrial | Warehouse/Distribution | 1970 | NAP | 247,000 | SF | 1,626,995 | 1,626,995 | 1,626,995 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 247,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/13/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 0.2% | 3.6% | 130 Enterprise Drive | Pittsburgh | Allegheny | Pennsylvania | 15275 | Industrial | Distribution/Flex | 2015 | 2024 | 85,646 | SF | 1,458,842 | 1,458,842 | 1,458,842 | 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 | 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 | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Walgreens | 85,646 | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.10 | Property | 1 | Hannibal - Houston, TX | 0.2% | 3.6% | 6501 Bingle Road | Houston | Harris | Texas | 77092 | Industrial | Manufacturing/Distribution | 1978 | 2016 | 109,000 | SF | 1,445,208 | 1,445,208 | 1,445,208 | 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 | 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 | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Hannibal Industries | 109,000 | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.11 | Property | 1 | FedEx IV - Lexington, KY | 0.2% | 3.3% | 2024 Buck Lane | Lexington | Fayette | Kentucky | 40511 | Industrial | Warehouse/Distribution | 2006 | 2012 | 138,487 | SF | 1,336,136 | 1,336,136 | 1,336,136 | 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 | 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 | 3/7/2024 | 100.0% | 5/6/2024 | Yes | FedEx Ground | 138,487 | 100.0% | 4/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.12 | Property | 1 | VersaFlex - Kansas City, KS | 0.1% | 3.1% | 686 Adams Street and 33 Shawnee Avenue | Kansas City | Wyandotte | Kansas | 66105 | Industrial | Manufacturing | 1977 | 1990 | 113,000 | SF | 1,222,519 | 1,222,519 | 1,222,519 | 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 | 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 | 3/4/2024 | 100.0% | 5/6/2024 | Yes | VersaFlex | 113,000 | 100.0% | 12/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 0.1% | 2.7% | 301 Larcel Drive | Sikeston | New Madrid | Missouri | 63801 | Industrial | Warehouse/Distribution | 2016 | NAP | 170,000 | SF | 1,081,634 | 1,081,634 | 1,081,634 | 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 | 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 | 2/28/2024 | 100.0% | 5/6/2024 | Yes | Cott Beverages | 170,000 | 100.0% | 1/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 0.1% | 2.6% | 1850 Clark Road | Havre de Grace | Harford | Maryland | 21078 | Industrial | Warehouse/Distribution | 2002 | NAP | 120,000 | SF | 1,027,098 | 1,027,098 | 1,027,098 | 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 | 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 | 3/1/2024 | 100.0% | 5/6/2024 | Yes | Dunlop Protective Footwear | 120,000 | 100.0% | 1/17/2031 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.15 | Property | 1 | CSTK - St. Louis, MO | 0.1% | 2.5% | 420 East Carrie Avenue | St. Louis | City of St. Louis | Missouri | 63147 | Industrial | Warehouse | 2015 | NAP | 56,029 | SF | 1,018,008 | 1,018,008 | 1,018,008 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Central States Thermo King | 56,029 | 100.0% | 3/25/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 0.1% | 2.5% | 39 South Park Drive | Mauldin | Greenville | South Carolina | 29607 | Industrial | Warehouse/Distribution | 1982 | NAP | 152,000 | SF | 999,830 | 999,830 | 999,830 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 152,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.17 | Property | 1 | AM Castle - Wichita, KS | 0.1% | 2.4% | 3050 South Hydraulic Avenue | Wichita | Sedgwick | Kansas | 67216 | Industrial | Manufacturing | 1976 | NAP | 127,600 | SF | 963,472 | 963,472 | 963,472 | 750,794 | 0 | 750,794 | 12/31/2023 | T-12 | 747,440 | 0 | 747,440 | 12/31/2022 | T-12 | 767,495 | 0 | 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 | 3/5/2024 | 100.0% | 5/6/2024 | Yes | A.M. Castle & Co | 127,600 | 100.0% | 10/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 0.1% | 1.3% | 9 Old Mill Road | Mauldin | Greenville | South Carolina | 29607 | Industrial | Warehouse/Distribution | 1960 | 2004 | 80,000 | SF | 527,183 | 527,183 | 527,183 | 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 | 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 | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 80,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/15/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 0.0% | 0.2% | 2447 Eunice Avenue | Orlando | Orange | Florida | 32808 | Industrial | Warehouse/Distribution | 1971 | NAP | 6,900 | SF | 70,443 | 70,443 | 70,443 | 44,567 | 230 | 44,338 | 12/31/2023 | T-12 | 43,653 | 222 | 43,432 | 12/31/2022 | T-12 | 42,580 | 225 | 42,355 | 12/31/2021 | T-12 | 100.0% | 46,876 | 1,167 | 45,709 | 1,035 | 0 | 44,674 | 775,000 | As Is | 3/4/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 6,900 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.20 | Property | 1 | CF Sauer - 513 West Butler Road | 0.0% | 0.1% | 513 West Butler Road | Mauldin | Greenville | South Carolina | 29662 | Office | Suburban | 2000 | 2004 | 6,000 | SF | 45,447 | 45,447 | 45,447 | 28,962 | 199 | 28,763 | 12/31/2023 | T-12 | 28,391 | 192 | 28,199 | 12/31/2022 | T-12 | 27,646 | 195 | 27,452 | 12/31/2021 | T-12 | 100.0% | 30,486 | 808 | 29,678 | 900 | 0 | 28,778 | 500,000 | As Is | 2/29/2024 | 100.0% | 5/6/2024 | Yes | Sauer Brands | 6,000 | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11 | Loan | 1 | AC Marriott Bridge Park | 4.8% | 100.0% | CREFI | CREFI | NAP | NAP | 6540 Riverside Drive | Dublin | Franklin | Ohio | 43017 | Hospitality | Select Service | 2017 | NAP | 150 | Rooms | 262,600.00 | 39,390,000 | 39,390,000 | 39,390,000 | 8.28000% | 0.01667% | 8.26333% | NAP | 275,565.88 | NAP | 3,306,790.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/9/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 14,155,734 | 9,287,990 | 4,867,744 | 2/29/2024 | T-12 | 14,236,398 | 9,300,197 | 4,936,201 | 12/31/2023 | T-12 | 13,204,001 | 8,908,397 | 4,295,604 | 12/31/2022 | T-12 | 78.2% | 14,117,057 | 9,141,486 | 4,975,571 | 564,682 | 0 | 4,410,888 | 1.50 | 1.33 | 12.6% | 11.2% | 64,800,000 | As Is | 3/11/2024 | 60.8% | 60.8% | 78.2% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/20/2024 | NAP | 3/20/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 329,430 | 54,905 | 62,873 | 8,982 | 0 | 35,293 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing | Seasonality Reserve | 0 | 0 | NAP | Hard | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brent D. Crawford and Robert C. Hoying | Brent D. Crawford and Robert C. Hoying | No | No | Refinance | No | 39,390,000 | 0 | 0 | 0 | 39,390,000 | 29,377,101 | 0 | 1,296,931 | 392,303 | 8,323,665 | 0 | 39,390,000 | 9/26/2047 | 219.33 | 171.50 | 78.2% | 219.33 | 171.50 | 78.2% | 218.04 | 171.92 | 78.8% | 200.01 | 156.14 | 78.1% | |
12 | Loan | 5 | Prime Storage - Blue Portfolio | 4.6% | CREFI | CREFI | Group 1 | NAP | Various | Various | Various | New Jersey | Various | Self Storage | Self Storage | Various | Various | 247,112 | SF | 234.71 | 38,000,000 | 38,000,000 | 38,000,000 | 6.21000% | 0.01667% | 6.19333% | NAP | 199,381.25 | NAP | 2,392,575.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/22/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(30),O(6) | 7,796,656 | 3,197,633 | 4,599,023 | 1/31/2024 | T-12 | 7,785,895 | 3,204,085 | 4,581,810 | 12/31/2023 | T-12 | 7,583,372 | 3,139,090 | 4,444,282 | 12/31/2022 | T-12 | 91.4% | 8,184,298 | 2,895,573 | 5,288,725 | 32,502 | 0 | 5,256,223 | 1.45 | 1.44 | 9.1% | 9.1% | 91,200,000 | As Is | Various | 63.6% | 63.6% | 92.5% | 164,323 | 82,162 | 12,388 | 1,548 | 0 | 2,709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,451,442 | 0 | Springing | Debt Service Coverage Ratio Cure Reserve | 0 | 0 | NAP | Soft | Springing | Yes | No | Yes | Yes | 38,000,000 | 20,000,000 | 104,937.50 | 304,318.75 | NAP | NAP | 58,000,000 | 304,318.75 | 63.6% | 1.44 | 9.1% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert Moser | Prime Storage Fund III, LP | No | No | Acquisition | 58,000,000 | 38,938,868 | 0 | 0 | 96,938,868 | 0 | 87,600,000 | 5,710,714 | 3,628,153 | 0 | 0 | 96,938,868 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||
12.01 | Property | 1 | Prime Storage - Union City | 1.6% | 34.0% | 3322, 3330 and 3334 Hudson Avenue and 122 Peter Street | Union City | Hudson | New Jersey | 07087 | Self Storage | Self Storage | 1992 | NAP | 69,217 | SF | 12,906,897 | 12,906,897 | 12,906,897 | 2,357,687 | 771,290 | 1,586,397 | 1/31/2024 | T-12 | 2,353,184 | 773,374 | 1,579,811 | 12/31/2023 | T-12 | 2,201,878 | 762,779 | 1,439,098 | 12/31/2022 | T-12 | 95.0% | 2,490,483 | 691,083 | 1,799,399 | 6,571 | 0 | 1,792,828 | 29,000,000 | As Is | 3/25/2024 | 95.4% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/16/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.02 | Property | 1 | Prime Storage - Jersey City | 1.1% | 22.8% | 190 Baldwin Avenue | Jersey City | Hudson | New Jersey | 07306 | Self Storage | Self Storage | 1992 | NAP | 44,841 | SF | 8,648,276 | 8,648,276 | 8,648,276 | 1,750,533 | 642,921 | 1,107,612 | 1/31/2024 | T-12 | 1,750,302 | 642,547 | 1,107,755 | 12/31/2023 | T-12 | 1,696,875 | 617,895 | 1,078,980 | 12/31/2022 | T-12 | 92.9% | 1,783,453 | 582,226 | 1,201,226 | 4,064 | 0 | 1,197,162 | 21,500,000 | As Is | 3/25/2024 | 93.3% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/12/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.03 | Property | 1 | Prime Storage - Newark | 1.0% | 22.6% | 200 Mount Pleasant Avenue | Newark | Essex | New Jersey | 07104 | Self Storage | Self Storage | 1925 | 2014 | 62,563 | SF | 8,582,759 | 8,582,759 | 8,582,759 | 1,673,721 | 684,803 | 988,918 | 1/31/2024 | T-12 | 1,672,818 | 688,895 | 983,923 | 12/31/2023 | T-12 | 1,685,224 | 704,636 | 980,588 | 12/31/2022 | T-12 | 89.0% | 1,881,836 | 689,981 | 1,191,855 | 6,259 | 0 | 1,185,596 | 19,500,000 | As Is | 3/23/2024 | 90.9% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/12/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.04 | Property | 1 | Prime Storage - Hoboken | 0.6% | 13.3% | 315 Coles Street | Jersey City | Hudson | New Jersey | 07310 | Self Storage | Self Storage | 1990 | NAP | 34,064 | SF | 5,044,828 | 5,044,828 | 5,044,828 | 1,200,220 | 614,452 | 585,768 | 1/31/2024 | T-12 | 1,196,368 | 611,092 | 585,276 | 12/31/2023 | T-12 | 1,230,369 | 599,618 | 630,751 | 12/31/2022 | T-12 | 86.4% | 1,196,253 | 490,022 | 706,231 | 7,793 | 0 | 698,438 | 13,500,000 | As Is | 3/25/2024 | 87.6% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/16/2024 | NAP | 1/16/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.05 | Property | 1 | Prime Storage - Garfield | 0.3% | 7.4% | 170 River Drive | Garfield | Bergen | New Jersey | 07026 | Self Storage | Self Storage | 1900 | 2019 | 36,427 | SF | 2,817,241 | 2,817,241 | 2,817,241 | 814,494 | 484,166 | 330,328 | 1/31/2024 | T-12 | 813,223 | 488,178 | 325,046 | 12/31/2023 | T-12 | 769,027 | 454,161 | 314,866 | 12/31/2022 | T-12 | 90.9% | 832,274 | 442,261 | 390,013 | 7,815 | 0 | 382,198 | 7,700,000 | As Is | 3/23/2024 | 93.0% | 2/29/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/12/2024 | NAP | 1/12/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13 | Loan | 1 | 5454 Beethoven Street | 4.0% | 100.0% | GACC | GACC | NAP | NAP | 5454 Beethoven Street | Los Angeles | Los Angeles | California | 90066 | Office | Suburban | 1969 | 2000, 2023 | 87,526 | SF | 377.03 | 33,000,000 | 33,000,000 | 33,000,000 | 6.61000% | 0.01667% | 6.59333% | NAP | 184,299.65 | NAP | 2,211,595.80 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/8/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(12),YM1(44),O(4) | 4,361,338 | 730,393 | 3,630,945 | 12/31/2023 | T-12 | 3,223,799 | 367,193 | 2,856,606 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 4,715,988 | 966,418 | 3,749,570 | 17,505 | 0 | 3,732,064 | 1.70 | 1.69 | 11.4% | 11.3% | 57,900,000 | As Is | 1/17/2024 | 57.0% | 57.0% | 100.0% | 5/6/2024 | Yes | Activision Publishing, Inc. | 87,526 | 100.0% | 3/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1/19/2024 | NAP | 1/17/2024 | 1/17/2024 | 12% | No | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 1,459 | 35,016 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Catalpa Capital LLC and the Tanquary 1997 Trust | Catalpa Capital LLC and the Tanquary 1997 Trust | No | No | Refinance | No | 33,000,000 | 0 | 0 | 0 | 33,000,000 | 31,191,701 | 0 | 1,309,172 | 0 | 499,127 | 0 | 33,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
14 | Loan | 1 | Garden State Plaza | 3.7% | 100.0% | GSBI, GACC, Natixis | BMO | NAP | NAP | 1 Garden State Plaza | Paramus | Bergen | New Jersey | 07652 | Retail | Super Regional Mall | 1957 | 1981, 1986, 1993, 1994, 2014, 2017, 2021 | 2,057,906 | SF | 255.11 | 30,000,000 | 30,000,000 | 30,000,000 | 6.61300% | 0.01842% | 6.59458% | NAP | 167,621.18 | NAP | 2,011,454.16 | Interest Only | No | Actual/360 | 60 | 56 | 60 | 56 | 0 | 0 | 12/11/2023 | 4 | 6 | 2/6/2024 | NAP | 1/6/2029 | NAP | 0 | 0 | L(28),DorYM1(25),O(7) | 137,298,631 | 39,504,321 | 97,794,310 | 9/30/2023 | T-12 | 134,950,113 | 38,311,371 | 96,638,742 | 12/31/2022 | T-12 | 135,602,310 | 36,432,590 | 99,169,720 | 12/31/2021 | T-12 | 92.1% | 144,104,515 | 38,201,821 | 105,902,693 | 245,165 | 931,746 | 104,725,782 | 3.01 | 2.98 | 20.2% | 19.9% | 1,814,000,000 | As Is | 10/23/2023 | 28.9% | 28.9% | 94.9% | 9/13/2023 | No | Macy's | 439,632 | 21.4% | 7/31/2026 | Nordstrom | 245,348 | 11.9% | 7/31/2026 | Neiman Marcus | 141,139 | 6.9% | 8/31/2041 | AMC | 95,818 | 4.7% | 5/31/2027 | Forever 21 | 38,218 | 1.9% | 4/30/2025 | 12/1/2023 | NAP | 10/31/2023 | NAP | NAP | Yes - AE | Fee | NAP | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 367,747 | 0 | Springing | 1,838,735 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 30,000,000 | 495,000,000 | 2,765,749.48 | 2,933,370.66 | NAP | NAP | 525,000,000 | 2,933,370.66 | 28.9% | 2.98 | 20.2% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Unibail-Rodamco-Westfield and affiliates of The Prudential Assurance Company Limited | NAP | No | No | Refinance | No | 525,000,000 | 8,659,157 | 0 | 0 | 533,659,157 | 526,745,637 | 0 | 6,913,520 | 0 | 0 | 0 | 533,659,157 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 1 | 148-15 89th Ave | 3.4% | 100.0% | CREFI | CREFI | NAP | NAP | 148-15 89th Avenue | Jamaica | Queens | New York | 11435 | Multifamily | Mid Rise | 2023 | NAP | 69 | Units | 405,797.10 | 28,000,000 | 28,000,000 | 28,000,000 | 6.75000% | 0.01667% | 6.73333% | NAP | 159,687.50 | NAP | 1,916,250.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 5/3/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(31),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.8% | 2,787,653 | 314,803 | 2,472,849 | 17,250 | 0 | 2,455,599 | 1.29 | 1.28 | 8.8% | 8.8% | 43,600,000 | As Is | 2/29/2024 | 64.2% | 64.2% | 95.7% | 4/8/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/12/2024 | NAP | 3/12/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 15,106 | 2,518 | 23,667 | 3,944 | 0 | 1,438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500 | 500,295 | 0 | Section 421-a Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Sam Rubin | Sam Rubin | No | No | Refinance | No | 28,000,000 | 0 | 0 | 0 | 28,000,000 | 22,276,539 | 0 | 1,184,453 | 541,568 | 3,997,440 | 0 | 28,000,000 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 7 | Manhattan Avenue Portfolio | 2.5% | CREFI | CREFI | Group 2 | NAP | Various | Brooklyn | Kings | New York | 11222 | Various | Various | Various | Various | 33 | Units | 612,121.21 | 20,200,000 | 20,200,000 | 20,200,000 | 6.42000% | 0.01667% | 6.40333% | NAP | 109,570.97 | NAP | 1,314,851.64 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 2,022,027 | 408,112 | 1,613,915 | 2/29/2024 | T-12 | 1,960,451 | 401,370 | 1,559,081 | 12/31/2023 | T-12 | 1,629,688 | 319,641 | 1,310,048 | 12/31/2022 | T-12 | 96.4% | 2,059,990 | 391,156 | 1,668,834 | 9,593 | 17,996 | 1,641,246 | 1.27 | 1.25 | 8.3% | 8.1% | 30,250,000 | As Is | 3/11/2024 | 66.8% | 66.8% | 100.0% | 14,966 | 14,966 | 19,705 | 6,568 | 0 | 799 | 0 | 0 | 1,492 | 0 | 0 | 0 | 0 | 17,020 | 110,000 | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | TNREF III REIV LLC, True North Real Estate Fund III, L.P. and Eric Mann | TNREF III REIV LLC, True North Real Estate Fund III, L.P. and Eric Mann | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
16.01 | Property | 1 | 574 Manhattan Avenue | 0.6% | 23.2% | 574 Manhattan Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 1931 | 2021 | 9 | Units | 4,687,520 | 4,687,520 | 4,687,520 | 467,732 | 112,804 | 354,928 | 2/29/2024 | T-12 | 465,627 | 110,279 | 355,348 | 12/31/2023 | T-12 | 365,450 | 75,494 | 289,956 | 12/31/2022 | T-12 | 96.7% | 471,148 | 86,045 | 385,103 | 2,348 | 1,895 | 380,860 | 7,000,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | Zena Ventures I, LLC DBA Sit Still | 650 | 100.0% | 3/21/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.02 | Property | 1 | 602 Manhattan Avenue | 0.4% | 16.7% | 602 Manhattan Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 2010 | NAP | 8 | Units | 3,380,635 | 3,380,635 | 3,380,635 | 344,327 | 58,064 | 286,263 | 2/29/2024 | T-12 | 342,444 | 59,434 | 283,009 | 12/31/2023 | T-12 | 328,987 | 53,653 | 275,334 | 12/31/2022 | T-12 | 96.5% | 342,975 | 63,500 | 279,475 | 2,218 | 2,582 | 274,676 | 5,650,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | Spring House Nail Corp, | 1,450 | 100.0% | 6/1/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.03 | Property | 1 | 592 Manhattan Avenue | 0.4% | 14.7% | 592 Manhattan Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 1931 | 2018 | 4 | Units | 2,977,015 | 2,977,015 | 2,977,015 | 297,709 | 55,463 | 242,245 | 2/29/2024 | T-12 | 287,054 | 51,657 | 235,397 | 12/31/2023 | T-12 | 269,515 | 42,311 | 227,205 | 12/31/2022 | T-12 | 96.3% | 304,482 | 58,332 | 246,150 | 1,210 | 3,058 | 241,882 | 4,400,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | GENTRY | 1,400 | 100.0% | 4/30/2026 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.04 | Property | 1 | 595 Manhattan Avenue | 0.3% | 12.6% | 595 Manhattan Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 1931 | 2018 | 2 | Units | 2,536,645 | 2,536,645 | 2,536,645 | 216,676 | 39,225 | 177,450 | 2/29/2024 | T-12 | 195,706 | 38,375 | 157,331 | 12/31/2023 | T-12 | 133,420 | 28,529 | 104,891 | 12/31/2022 | T-12 | 96.1% | 245,548 | 35,229 | 210,319 | 763 | 3,455 | 206,102 | 3,700,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | YHG Hospitality Inc. | 1,750 | 100.0% | 7/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.05 | Property | 1 | 591 Manhattan Avenue | 0.3% | 12.3% | 591 Manhattan Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 1931 | 2018 | 2 | Units | 2,480,585 | 2,480,585 | 2,480,585 | 245,700 | 39,615 | 206,085 | 2/29/2024 | T-12 | 243,100 | 38,515 | 204,585 | 12/31/2023 | T-12 | 234,406 | 28,658 | 205,748 | 12/31/2022 | T-12 | 96.0% | 246,613 | 40,731 | 205,882 | 778 | 3,557 | 201,547 | 3,600,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | Met Wine & Liquor Corp. | 1,850 | 100.0% | 9/21/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.06 | Property | 1 | 593 Manhattan Avenue | 0.3% | 12.2% | 593 Manhattan Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 1931 | 2018 | 2 | Units | 2,471,970 | 2,471,970 | 2,471,970 | 246,576 | 36,750 | 209,826 | 2/29/2024 | T-12 | 225,206 | 36,278 | 188,927 | 12/31/2023 | T-12 | 120,180 | 35,575 | 84,605 | 12/31/2022 | T-12 | 96.1% | 245,307 | 40,234 | 205,073 | 778 | 3,448 | 200,847 | 3,600,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | Built Different Bk, LLC DBA Hide and Seek | 1,850 | 100.0% | 7/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16.07 | Property | 1 | 872 Lorimer Street | 0.2% | 8.2% | 872 Lorimer Street | Brooklyn | Kings | New York | 11222 | Multifamily | Low Rise | 1931 | NAP | 6 | Units | 1,665,630 | 1,665,630 | 1,665,630 | 203,308 | 66,191 | 137,117 | 2/29/2024 | T-12 | 201,315 | 66,831 | 134,483 | 12/31/2023 | T-12 | 177,730 | 55,422 | 122,308 | 12/31/2022 | T-12 | 97.0% | 203,917 | 67,085 | 136,832 | 1,500 | 0 | 135,332 | 2,300,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
17 | Loan | 1 | Columbus Business Park | 1.7% | 100.0% | 3650 REIT, JPMCB | BMO | NAP | NAP | 4545 Fisher Road | Columbus | Franklin | Ohio | 43228 | Industrial | Warehouse/Distribution | 1976 | 2012-2023 | 2,183,325 | SF | 28.40 | 14,000,000 | 14,000,000 | 14,000,000 | 7.04000% | 0.01667% | 7.02333% | NAP | 83,274.07 | NAP | 999,288.84 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/19/2024 | 0 | 5 | 6/5/2024 | NAP | 5/5/2029 | NAP | 0 | 0 | L(24),DorYM1(30),O(6) | 11,447,223 | 3,456,686 | 7,990,537 | 1/31/2024 | T-12 | 11,265,521 | 3,405,931 | 7,859,590 | 12/31/2023 | T-12 | 8,717,178 | 3,254,004 | 5,463,174 | 12/31/2022 | T-12 | 92.6% | 12,831,872 | 3,531,569 | 9,300,303 | 218,333 | 467,930 | 8,614,040 | 2.10 | 1.95 | 15.0% | 13.9% | 147,000,000 | As Is | 2/13/2024 | 42.2% | 42.2% | 88.2% | 2/28/2024 | No | Ford Motor Company | 909,287 | 41.6% | 4/30/2028 | Redhawk Global | 409,599 | 18.8% | 7/1/2027 | US 1 Logistics LLC | 169,871 | 7.8% | 7/31/2027 | PECO Pallet | 116,643 | 5.3% | 10/31/2024 | Lexington Logistics | 110,995 | 5.1% | 1/6/2025 | 3/5/2024 | NAP | 2/29/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 89,418 | 15,350 | 0 | Springing | 0 | 0 | 0 | 0 | 45,480 | 2,000,000 | 0 | 0 | 0 | 0 | 862,381 | 0 | Outstanding TI/LC Reserve ($567,233.09), Free Rent Reserve ($295,147.85) | 0 | 0 | NAP | Hard | Springing | Yes | No | Yes | No | 14,000,000 | 48,000,000 | 285,511.12 | 368,785.19 | NAP | NAP | 62,000,000 | 368,785.19 | 42.2% | 1.95 | 15.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | ICP & IRG | Stuart Lichter, Christopher Semarjian and John Mase | No | Yes | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
18 | Loan | 6 | LocalStorage Portfolio | 1.7% | GSBI | GSMC | NAP | NAP | Various | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various | 185,504 | SF | 75.47 | 14,000,000 | 14,000,000 | 14,000,000 | 6.81000% | 0.01667% | 6.79333% | NAP | 80,553.47 | NAP | 966,641.64 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/12/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 1,849,367 | 640,596 | 1,208,772 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 1,889,674 | 614,202 | 1,275,473 | 18,550 | 0 | 1,256,922 | 1.32 | 1.30 | 9.1% | 9.0% | 23,800,000 | As Is Portfolio | 1/30/2024 | 58.8% | 58.8% | 86.4% | 45,934 | 18,473 | 0 | Springing | 0 | 1,546 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jonathan Salinas and Washington Street Investment Partners LLC | Jonathan Salinas and Washington Street Investment Partners LLC | No | No | Acquisition | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
18.01 | Property | 1 | Local Storage Oakridge | 0.5% | 29.6% | 673 Oakridge Drive | Johnstown | Cambria | Pennsylvania | 15904 | Self Storage | Self Storage | 2014 | NAP | 55,810 | SF | 4,137,408 | 4,137,408 | 4,137,408 | 477,808 | 94,171 | 383,637 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 498,750 | 128,775 | 369,975 | 5,581 | 0 | 364,394 | 7,000,000 | As Is | 1/26/2024 | 87.8% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2024 | NAP | 2/22/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.02 | Property | 1 | Access Self Storage | 0.3% | 17.4% | 203 Strykers Road | Lopatcong | Warren | New Jersey | 08865 | Self Storage | Self Storage | 2018 | NAP | 18,074 | SF | 2,430,180 | 2,430,180 | 2,430,180 | 363,128 | 194,098 | 169,030 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 363,128 | 142,360 | 220,768 | 1,807 | 0 | 218,960 | 4,625,000 | As Is | 1/25/2024 | 87.8% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2024 | NAP | 2/22/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.03 | Property | 1 | LocalStorage Auburn Grant | 0.3% | 17.3% | 263 Grant Avenue | Auburn | Cayuga | New York | 13021 | Self Storage | Self Storage | 1980-1997 | NAP | 22,800 | SF | 2,419,032 | 2,419,032 | 2,419,032 | 282,334 | 69,336 | 212,998 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 301,699 | 79,696 | 222,002 | 2,280 | 0 | 219,722 | 4,850,000 | As Is | 1/30/2024 | 88.6% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2024 | NAP | 2/22/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.04 | Property | 1 | Secure Storage | 0.3% | 16.9% | 1989 South Broadway | Geneva | Ashtabula | Ohio | 44041 | Self Storage | Self Storage | 1985 | 2016 | 45,600 | SF | 2,368,725 | 2,368,725 | 2,368,725 | 368,101 | 122,369 | 245,731 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 368,101 | 147,063 | 221,038 | 4,560 | 0 | 216,478 | 3,050,000 | As Is | 2/5/2024 | 88.0% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2024 | NAP | 2/22/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.05 | Property | 1 | Blue Ridge Self Storage | 0.2% | 10.5% | 3579 Blue Ridge Boulevard | Blue Ridge | Botetourt | Virginia | 24064 | Self Storage | Self Storage | 2003 | NAP | 18,900 | SF | 1,471,720 | 1,471,720 | 1,471,720 | 191,057 | 98,035 | 93,022 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 191,057 | 56,684 | 134,373 | 1,890 | 0 | 132,483 | 2,250,000 | As Is | 1/24/2024 | 96.0% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/22/2024 | NAP | 2/22/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.06 | Property | 1 | Safe Storage | 0.1% | 8.4% | 9004 North 2nd Street | Machesney Park | Winnebago | Illinois | 61115 | Self Storage | Self Storage | 2008 | NAP | 24,320 | SF | 1,172,936 | 1,172,936 | 1,172,936 | 166,940 | 62,586 | 104,353 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 166,940 | 59,624 | 107,316 | 2,432 | 0 | 104,884 | 1,500,000 | As Is | 2/10/2024 | 69.7% | 12/31/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 10/30/2023 | NAP | 2/12/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
19 | Loan | 2 | Crossroads Shopping Center & Jackson Village | 1.7% | BMO | BMO | NAP | NAP | Various | Various | Various | Various | Various | Retail | Anchored | Various | NAP | 221,677 | SF | 63.15 | 14,000,000 | 14,000,000 | 14,000,000 | 7.88000% | 0.01667% | 7.86333% | NAP | 93,210.19 | NAP | 1,118,522.28 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/26/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 2,452,288 | 778,554 | 1,673,734 | 12/31/2023 | T-12 | 2,251,647 | 809,536 | 1,442,111 | 12/31/2022 | T-12 | 2,103,269 | 750,978 | 1,352,291 | 12/31/2021 | T-12 | 95.0% | 2,520,229 | 775,649 | 1,744,580 | 39,902 | 110,839 | 1,593,840 | 1.56 | 1.42 | 12.5% | 11.4% | 22,300,000 | As Is | Various | 62.8% | 62.8% | 97.0% | 100,818 | 25,205 | 0 | Springing | 0 | 3,695 | 0 | 0 | 9,237 | 300,000 | 0 | 0 | 0 | 120,820 | 100,000 | 0 | Big Lots Reserve | 0 | 0 | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Herbert A. Tobin | Herbert A. Tobin | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
19.01 | Property | 1 | Crossroads Shopping Center | 0.9% | 54.9% | 501-541 West Oglethorpe Highway | Hinesville | Liberty | Georgia | 31313 | Retail | Anchored | 1979, 1994 | NAP | 129,840 | SF | 7,690,000 | 7,690,000 | 7,690,000 | 1,372,136 | 453,064 | 919,072 | 12/31/2023 | T-12 | 1,186,434 | 458,877 | 727,557 | 12/31/2022 | T-12 | 1,146,782 | 377,008 | 769,774 | 12/31/2021 | T-12 | 95.0% | 1,442,041 | 439,649 | 1,002,392 | 21,534 | 64,920 | 915,938 | 11,700,000 | As Is | 12/28/2023 | 96.0% | 1/31/2024 | No | Big Lot Stores Inc | 37,200 | 28.7% | 1/31/2029 | Beall's Outlet Stores, Inc | 25,398 | 19.6% | 1/31/2028 | Aaron's LLC | 15,953 | 12.3% | 1/31/2030 | Its Fashion Metro (CATO) | 10,536 | 8.1% | 1/31/2026 | Fang's Food & Arcade, LLC | 10,000 | 7.7% | 1/31/2028 | 1/18/2024 | NAP | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
19.02 | Property | 1 | Jackson Village Shopping Center | 0.8% | 45.1% | 4400 Lebanon Pike | Nashville | Davidson | Tennessee | 37076 | Retail | Anchored | 1981 | NAP | 91,837 | SF | 6,310,000 | 6,310,000 | 6,310,000 | 1,080,152 | 325,490 | 754,662 | 12/31/2023 | T-12 | 1,065,213 | 350,659 | 714,554 | 12/31/2022 | T-12 | 956,487 | 373,970 | 582,517 | 12/31/2021 | T-12 | 95.0% | 1,078,187 | 336,000 | 742,188 | 18,367 | 45,919 | 677,902 | 10,600,000 | As Is | 12/27/2023 | 98.5% | 1/31/2024 | No | The Kroger Company | 64,615 | 70.4% | 2/28/2027 | CVS Pharmacy Inc | 10,722 | 11.7% | 8/31/2025 | NAPA Auto Parts (Genuine Parts Company) | 7,700 | 8.4% | 1/31/2029 | Bombay Brow Salon (Parixitkumar Maheshbhai Patel) | 1,600 | 1.7% | 12/31/2024 | Func Factory, LLC | 1,600 | 1.7% | 11/30/2025 | 1/18/2024 | NAP | 1/18/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20 | Loan | 1 | 620 W 153rd Street | 1.2% | 100.0% | BMO, AREF2 | BMO | NAP | NAP | 620 West 153rd Street | New York | New York | New York | 10031 | Multifamily | High Rise | 2023 | NAP | 238 | Units | 491,596.64 | 10,000,000 | 10,000,000 | 10,000,000 | 6.13000% | 0.01667% | 6.11333% | NAP | 51,792.82 | NAP | 621,513.84 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/2/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 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 | 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 | 2/28/2024 | 57.0% | 57.0% | 89.9% | 4/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 20,811 | 4,162 | 150,978 | 12,582 | 0 | 4,561 | 0 | 0 | 1,939 | 69,804 | 0 | 0 | 0 | 0 | 482,738 | 0 | Rent Reserve ($309,400), Rent Concession Reserve ($173,337.50) | 0 | 0 | NAP | Springing | Springing | Yes | Yes | Yes | No | 10,000,000 | 107,000,000 | 554,183.22 | 605,976.04 | NAP | NAP | 117,000,000 | 605,976.04 | 57.0% | 1.43 | 9.0% | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit | Jacob Kohn, Abraham Kohn, Jacob Aini, Eli Chetrit and Isaac Chetrit | No | Yes | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
21 | Loan | 1 | 34-50 28th Street | 1.1% | 100.0% | CREFI | CREFI | NAP | NAP | 34-50 28th Street | Astoria | Queens | New York | 11106 | Multifamily | Mid Rise | 1930 | NAP | 76 | Units | 118,421.05 | 9,000,000 | 9,000,000 | 9,000,000 | 6.76000% | 0.01667% | 6.74333% | NAP | 51,404.17 | NAP | 616,850.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/26/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 1,500,581 | 641,416 | 859,165 | 12/31/2023 | T-12 | 1,399,067 | 631,165 | 767,902 | 12/31/2022 | T-12 | NAV | NAV | NAV | NAV | NAV | 96.6% | 1,555,036 | 644,613 | 910,423 | 20,064 | 0 | 890,359 | 1.48 | 1.44 | 10.1% | 9.9% | 13,800,000 | As Is | 2/29/2024 | 65.2% | 65.2% | 97.4% | 3/5/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 76,101 | 25,367 | 33,651 | 6,730 | 0 | 1,672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,865 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Benny Loria, Jr. and Salvatore Lucchese | Benny Loria, Jr. and Salvatore Lucchese | No | Yes | Acquisition | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
22 | Loan | 1 | Fountain Place Apartments | 1.1% | 100.0% | CREFI | CREFI | NAP | NAP | 2155 Fontebranda Loop | Fern Park | Seminole | Florida | 32730 | Multifamily | Garden | 2002 | 2019 | 66 | Units | 136,363.64 | 9,000,000 | 9,000,000 | 9,000,000 | 6.32000% | 0.01667% | 6.30333% | NAP | 48,058.33 | NAP | 576,699.96 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/29/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 1,075,624 | 375,905 | 699,718 | 3/31/2024 | T-12 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,141,119 | 374,958 | 766,162 | 18,170 | 0 | 747,992 | 1.33 | 1.30 | 8.5% | 8.3% | 13,700,000 | As Is | 4/1/2024 | 65.7% | 65.7% | 97.0% | 4/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/17/2024 | NAP | 4/17/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 24,497 | 8,166 | 17,311 | 5,770 | 0 | 1,513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Kenneth P. Polsinelli and The Kenneth P. Polsinelli Trust | Kenneth P. Polsinelli and The Kenneth P. Polsinelli Trust | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
23 | Loan | 1 | Moove In Self Storage - Franklin | 1.1% | 100.0% | CREFI | CREFI | NAP | NAP | 178 North Church Road | Hardyston | Sussex | New Jersey | 07416 | Self Storage | Self Storage | 2008 | NAP | 53,865 | SF | 162.44 | 8,750,000 | 8,750,000 | 8,750,000 | 7.27000% | 0.01667% | 7.25333% | NAP | 53,746.67 | NAP | 644,960.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/19/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 1,155,150 | 393,038 | 762,112 | 12/31/2023 | T-12 | 1,097,193 | 386,655 | 710,538 | 12/31/2022 | T-12 | 1,053,513 | 370,404 | 683,109 | 12/31/2021 | T-12 | 85.2% | 1,155,150 | 345,022 | 810,128 | 5,386 | 0 | 804,742 | 1.26 | 1.25 | 9.3% | 9.2% | 14,000,000 | As Is | 10/3/2023 | 62.5% | 62.5% | 96.4% | 11/30/2023 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/1/2024 | NAP | 3/4/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 25,819 | 8,606 | 0 | Springing | 0 | 449 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | John H. Gilliland | John H. Gilliland | No | No | Acquisition | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
24 | Loan | 2 | 126 Bedford and 152 Norman | 0.9% | CREFI | CREFI | Group 2 | NAP | Various | Brooklyn | Kings | New York | Various | Mixed Use | Multifamily/Retail | Various | Various | 11 | Units | 681,818.18 | 7,500,000 | 7,500,000 | 7,500,000 | 6.85000% | 0.01667% | 6.83333% | NAP | 43,407.12 | NAP | 520,885.44 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 4/10/2024 | 0 | 6 | 6/6/2024 | NAP | 5/6/2029 | NAP | 0 | 0 | L(24),D(29),O(7) | 668,694 | 131,837 | 536,856 | 2/29/2024 | T-12 | 691,157 | 131,565 | 559,592 | 12/31/2023 | T-12 | 662,764 | 118,860 | 543,904 | 12/31/2022 | T-12 | 96.4% | 810,198 | 151,819 | 658,379 | 3,073 | 6,140 | 649,166 | 1.26 | 1.25 | 8.8% | 8.7% | 11,900,000 | As Is | 3/11/2024 | 63.0% | 63.0% | 100.0% | 8,764 | 2,921 | 34,306 | 3,119 | 0 | 256 | 0 | 0 | 179 | 0 | 0 | 0 | 0 | 4,715 | 58,711 | 0 | Unfunded Obligations Reserve | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | TNREF IV REIV, LLC, True North Real Estate Fund IV, L.P. and Eric Mann | TNREF IV REIV, LLC, True North Real Estate Fund IV, L.P. and Eric Mann | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
24.01 | Property | 1 | 126 Bedford | 0.6% | 61.3% | 126 Bedford Avenue | Brooklyn | Kings | New York | 11249 | Mixed Use | Multifamily/Retail | 1910 | 2020 | 5 | Units | 4,599,710 | 4,599,710 | 4,599,710 | 378,249 | 64,321 | 313,928 | 2/29/2024 | T-12 | 399,517 | 64,550 | 334,967 | 12/31/2023 | T-12 | 390,582 | 56,201 | 334,381 | 12/31/2022 | T-12 | 96.2% | 485,934 | 79,958 | 405,976 | 1,400 | 5,000 | 399,576 | 7,150,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | Moonrise Williamsburg LLC | 1,000 | 100.0% | 1/31/2034 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.02 | Property | 1 | 152 Norman | 0.4% | 38.7% | 152 Norman Avenue | Brooklyn | Kings | New York | 11222 | Mixed Use | Multifamily/Retail | 1928 | 1999 | 6 | Units | 2,900,290 | 2,900,290 | 2,900,290 | 290,445 | 67,517 | 222,928 | 2/29/2024 | T-12 | 291,640 | 67,016 | 224,624 | 12/31/2023 | T-12 | 272,182 | 62,659 | 209,523 | 12/31/2022 | T-12 | 96.6% | 324,264 | 71,861 | 252,403 | 1,673 | 1,140 | 249,591 | 4,750,000 | As Is | 3/11/2024 | 100.0% | 3/22/2024 | No | Piast European Market | 1,150 | 100.0% | 4/1/2026 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/19/2024 | NAP | 3/19/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
25 | Loan | 1 | West 144th Street Multi | 0.6% | 100.0% | CREFI | CREFI | NAP | NAP | 613-615 and 617-619 West 144th Street | New York | New York | New York | 10031 | Multifamily | Mid Rise | 1926 | 2024 | 41 | Units | 117,073.17 | 4,800,000 | 4,800,000 | 4,800,000 | 6.99000% | 0.01667% | 6.97333% | NAP | 28,348.33 | NAP | 340,179.96 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 4/5/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(28),O(7) | 898,972 | 432,961 | 466,011 | 2/29/2024 | T-12 | 884,537 | 419,361 | 465,176 | 12/31/2023 | T-12 | 842,245 | 423,404 | 418,841 | 12/31/2022 | T-12 | 97.0% | 889,102 | 458,719 | 430,383 | 10,250 | 0 | 420,133 | 1.27 | 1.24 | 9.0% | 8.8% | 7,100,000 | As Is | 2/27/2024 | 67.6% | 67.6% | 100.0% | 3/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/5/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 41,371 | 10,343 | 7,131 | 7,131 | 0 | 854 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Esshagh Dario Zar | Esshagh Dario Zar | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||
26 | Loan | 2 | Teller & Jesup Bronx Portfolio | 0.5% | DBRI | GACC | NAP | NAP | Various | Bronx | Bronx | New York | Various | Multifamily | Low Rise | Various | 2023 | 18 | Units | 222,222.22 | 4,000,000 | 4,000,000 | 3,830,640 | 6.80400% | 0.01667% | 6.78733% | 26,087.67 | 22,995.00 | 313,052.04 | 275,940.00 | Interest Only, Amortizing Balloon | No | Actual/360 | 12 | 12 | 60 | 60 | 360 | 360 | 4/17/2024 | 0 | 6 | 6/6/2024 | 6/6/2025 | 5/6/2029 | NAP | 0 | 0 | L(24),D(31),O(5) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 478,737 | 93,324 | 385,413 | 4,500 | 0 | 380,913 | 1.23 | 1.22 | 9.6% | 9.5% | 6,350,000 | As Is | 2/5/2024 | 63.0% | 60.3% | 100.0% | 2,421 | 1,211 | 12,311 | 1,437 | 0 | 375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,125 | 0 | 0 | NAP | 0 | 0 | NAP | Soft | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Chaim Eisdorfer | Chaim Eisdorfer | No | No | Refinance | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||||||||||||||||||||||||||||||||||||||||||||||
26.01 | Property | 1 | 1584 Jesup Avenue | 0.2% | 51.2% | 1584 Jesup Avenue | Bronx | Bronx | New York | 10452 | Multifamily | Low Rise | 1930 | 2023 | 9 | Units | 2,047,244 | 2,047,244 | 1,960,563 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 3,250,000 | As Is | 2/5/2024 | 100.0% | 3/13/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/13/2024 | NAP | 2/13/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
26.02 | Property | 1 | 1471 Teller Avenue | 0.2% | 48.8% | 1471 Teller Avenue | Bronx | Bronx | New York | 10457 | Multifamily | Low Rise | 1920 | 2023 | 9 | Units | 1,952,756 | 1,952,756 | 1,870,076 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 3,100,000 | As Is | 2/5/2024 | 100.0% | 3/13/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 2/13/2024 | NAP | 2/13/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
27 | Loan | 1 | 1874 Hart Street | 0.4% | 100.0% | CREFI | CREFI | NAP | NAP | 1874 Hart Street | Ridgewood | Queens | New York | 11385 | Multifamily | Low Rise | 1930 | 2016 | 8 | Units | 412,500.00 | 3,300,000 | 3,300,000 | 3,300,000 | 6.72000% | 0.01667% | 6.70333% | NAP | 18,736.67 | NAP | 224,840.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 3/28/2024 | 1 | 6 | 5/6/2024 | NAP | 4/6/2029 | NAP | 0 | 0 | L(25),D(31),O(4) | 315,684 | 32,235 | 283,450 | 12/31/2023 | T-12 | 300,229 | 28,962 | 271,267 | 12/31/2022 | T-12 | 276,117 | 27,471 | 248,646 | 12/31/2021 | T-12 | 97.0% | 312,698 | 32,102 | 280,596 | 2,400 | 0 | 278,196 | 1.25 | 1.24 | 8.5% | 8.4% | 5,100,000 | As Is | 2/23/2024 | 64.7% | 64.7% | 100.0% | 2/15/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/11/2024 | NAP | 3/11/2024 | NAP | NAP | No | Fee | NAP | NAP | NAP | NAP | 0 | 0 | 3,313 | 414 | 0 | 300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,750 | 0 | 0 | NAP | 0 | 0 | NAP | Springing | Springing | Yes | No | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Moshe Silberstein | Moshe Silberstein | No | No | Refinance | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
Footnotes to Annex A | |
(1) | The Administrative Fee Rate includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Trustee/Certificate Administrator Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
(2) | The Monthly Debt Service (P&I)($) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period. |
(3) | The open period is inclusive of the Maturity Date or Anticipated Repayment Date. |
(4) | Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) are calculated based on amortizing debt service payments (except for interest-only loans). |
(5) | Leased Occupancy (%) includes tenants that have signed leases, but are not yet in occupancy or may not be paying rent. |
(6) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease. See “Description of the Mortgage Pool—Tenant Issues” in the Preliminary Prospectus for certain examples of the foregoing. |
(7) | If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated. |
(8) | 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 or her 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. |
MORTGAGE POOL CHARACTERISTICS | ||
Mortgage Pool Characteristics | ||
Initial Pool Balance | $821,890,000 | |
Number of Mortgage Loans | 27 | |
Number of Mortgaged Properties | 80 | |
Average Cut-off Date Balance | $30,440,370 | |
Weighted Average Mortgage Rate | 6.86829% | |
Weighted Average Remaining Term to Maturity/ARD (months) | 59 | |
Weighted Average Remaining Amortization Term (months) | 360 | |
Weighted Average Cut-off Date LTV Ratio | 56.8% | |
Weighted Average Maturity Date/ARD LTV Ratio | 56.6% | |
Weighted Average UW NCF DSCR | 1.68x | |
Weighted Average Debt Yield on Underwritten NOI | 12.2% | |
% of Initial Pool Balance of Mortgage Loans that are Interest Only then Amortizing Balloon | 9.0% | |
% of Initial Pool Balance of Mortgage Loans that are Interest Only | 91.0% | |
% of Initial Pool Balance of Mortgaged Properties with Single Tenants | 14.1% |
COLLATERAL OVERVIEW | ||||||||
Mortgage Loans by Loan Seller | ||||||||
Mortgage Loan Seller | Mortgage Loans | Mortgaged Properties | Aggregate Cut-off Date Balance | % of Initial Pool Balance | ||||
Citi Real Estate Funding Inc. | 15 | 39 | $461,890,000 | 56.2% | ||||
German American Capital Corporation | 4 | 8 | $126,000,000 | 15.3% | ||||
Goldman Sachs Mortgage Company | 2 | 7 | $84,000,000 | 10.2% | ||||
Bank of Montreal | 4 | 5 | $68,000,000 | 8.3% | ||||
Barclays | 1 | 1 | $42,000,000 | 5.1% | ||||
Barclays Commercial Real Estate Inc. / Bank of Montreal | 1 | 20 | $40,000,000 | 4.9% | ||||
Total | 27 | 80 | $821,890,000 | 100.0% | ||||
Top 10 Mortgage Loans | ||||||||
Top 10 Mortgage Loans | Mortgage Loan Seller | Cut-off Date Balance ($) | % of Initial Pool Balance | Cut-off Date LTV | UW NOI DY | UW NCF DSCR (x) | General Property Type | |
28-40 West 23rd Street | CREFI | $80,000,000 | 9.7% | 36.9% | 15.4% | 2.39 | Mixed Use | |
1812 North Moore | CREFI | $70,000,000 | 8.5% | 54.9% | 13.9% | 1.55 | Office | |
Sunroad Centrum | GSMC | $70,000,000 | 8.5% | 67.6% | 11.3% | 1.37 | Office | |
Prime Storage - Hudson Valley Portfolio | CREFI | $57,500,000 | 7.0% | 62.6% | 8.9% | 1.40 | Self Storage | |
Hilton Dual Brand Las Vegas | GACC | $46,000,000 | 5.6% | 62.9% | 14.4% | 1.63 | Hospitality | |
1040 40th Street SE | CREFI | $45,450,000 | 5.5% | 65.0% | 9.5% | 1.26 | Industrial | |
Blue Owl Tenneco Portfolio (Pool A) | GACC | $43,000,000 | 5.2% | 43.2% | 16.7% | 2.58 | Industrial | |
1099 New York Avenue | Barclays | $42,000,000 | 5.1% | 59.4% | 13.8% | 1.85 | Office | |
26-30 4th Street | CREFI | $41,000,000 | 5.0% | 63.7% | 8.2% | 1.21 | Multifamily | |
GNL Industrial Portfolio | BMO, Barclays | $40,000,000 | 4.9% | 53.8% | 12.6% | 2.12 | Various | |
Property Types | ||||||||
Property Type / Detail | Number of Mortgaged Properties | Aggregate Cut-off Date Balance ($) | % of Initial Pool Balance | |||||
Office | 5 | $215,045,447 | 26.2% | |||||
CBD | 3 | 182,000,000 | 22.1 | |||||
Suburban | 2 | 33,045,447 | 4.0 | |||||
Industrial | 25 | $142,404,553 | 17.3% | |||||
Warehouse/Distribution | 12 | 83,248,216 | 10.1 | |||||
Manufacturing | 7 | 42,877,185 | 5.2 | |||||
Flex | 1 | 8,635,000 | 1.1 | |||||
Manufacturing/Flex | 1 | 1,954,212 | 0.2 | |||||
Manufacturing/Warehouse | 1 | 1,767,881 | 0.2 | |||||
Distribution/Flex | 1 | 1,458,842 | 0.2 | |||||
Manufacturing/Distribution | 1 | 1,445,208 | 0.2 | |||||
Warehouse | 1 | 1,018,008 | 0.1 | |||||
Self Storage | 26 | $118,250,000 | 14.4% | |||||
Multifamily | 10 | $110,765,630 | 13.5% | |||||
Mid Rise | 4 | 82,800,000 | 10.1 | |||||
High Rise | 1 | 10,000,000 | 1.2 | |||||
Garden | 1 | 9,000,000 | 1.1 | |||||
Low Rise | 4 | 8,965,630 | 1.1 | |||||
Mixed Use | 9 | $106,034,370 | 12.9% | |||||
Office/Retail | 1 | 80,000,000 | 9.7 | |||||
Multifamily/Retail | 8 | 26,034,370 | 3.2 | |||||
Hospitality | 2 | $85,390,000 | 10.4% | |||||
Limited Service/Extended Stay | 1 | 46,000,000 | 5.6 | |||||
Select Service | 1 | 39,390,000 | 4.8 | |||||
Retail | 3 | $44,000,000 | 5.4% | |||||
Super Regional Mall | 1 | 30,000,000 | 3.7 | |||||
Anchored | 2 | 14,000,000 | 1.7 | |||||
Total | 80 | $821,890,000 | 100.0% | |||||
Geographic Distribution | ||||||||
Property Location | Number of Mortgaged Properties | Aggregate Cut-off Date Balance ($) | % of Initial Pool Balance | |||||
New York | 33 | $267,719,032 | 32.6% | |||||
California | 3 | 104,636,085 | 12.7 | |||||
Virginia | 3 | 96,338,720 | 11.7 | |||||
New Jersey | 8 | 79,180,180 | 9.6 | |||||
Michigan | 6 | 77,796,409 | 9.5 | |||||
Ohio | 4 | 57,526,605 | 7.0 | |||||
Nevada | 1 | 46,000,000 | 5.6 | |||||
District of Columbia | 1 | 42,000,000 | 5.1 | |||||
Florida | 3 | 11,024,655 | 1.3 | |||||
Georgia | 1 | 7,690,000 | 0.9 | |||||
Tennessee | 1 | 6,310,000 | 0.8 | |||||
Pennsylvania | 2 | 5,596,250 | 0.7 | |||||
Illinois | 2 | 4,590,535 | 0.6 | |||||
Indiana | 1 | 4,188,000 | 0.5 | |||||
South Carolina | 4 | 3,199,455 | 0.4 | |||||
Kansas | 2 | 2,185,991 | 0.3 | |||||
Missouri | 2 | 2,099,642 | 0.3 | |||||
Texas | 1 | 1,445,208 | 0.2 | |||||
Kentucky | 1 | 1,336,136 | 0.2 | |||||
Maryland | 1 | 1,027,098 | 0.1 | |||||
Total | 80 | $821,890,000 | 100.0% | |||||
Distribution of Amortization Types | ||||||||
Amortization Type | Number of Mortgage Loans | Cut-off Date Balance ($) | % of Initial Pool Balance | |||||
Interest Only | 25 | $747,890,000 | 91.0% | |||||
Interest Only, Amortizing Balloon | 2 | 74,000,000 | 9.0% | |||||
Total | 27 | $821,890,000 | 100.0% |