FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-276033-04 | ||
BBCMS 2024-5C29 Disclaimer
STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-276033) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-888-603-5847 (8 a.m. – 5 p.m. EST).
Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of of Barclays Capital Inc., SG Americas Securities, LLC, BMO Capital Markets Corp., UBS Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc., Academy Securities, Inc. or Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES
The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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 |
1 | 25 | 30 | ||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | 7.0% | AREF2 | AREF2 | NAP | NAP | Various | Winston-Salem | |
1.01 | Property | 1 | The Arcadian | 2.7% | 38.4% | 1805 Franciscan Drive | Winston-Salem | |||||
1.02 | Property | 1 | The Charleston | 2.2% | 31.2% | 1010 Oak Grove Road | Winston-Salem | |||||
1.03 | Property | 1 | The Arlington | 2.1% | 30.3% | 3411 Old Vineyard Road | Winston-Salem | |||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 6.6% | 100.0% | GACC | GACC | NAP | NAP | 277 Park Avenue | New York |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 5.9% | SMC | SMC | NAP | NAP | Various | Lawrence | |
3.01 | Property | 1 | 201 Merrimack Street | 3.1% | 52.5% | 197-201 Merrimack Street | Lawrence | |||||
3.02 | Property | 1 | 117 Water Street | 2.8% | 47.5% | 13-15 Melrose Street | Lawrence | |||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 5.7% | 100.0% | Barclays | Barclays | NAP | NAP | 302 Blessinger Drive | Fort Walton Beach |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 5.7% | 100.0% | MSBNA, Barclays, SGFC | Barclays, SGFC | Group A | NAP | 500 Baybrook Mall | Friendswood |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 5.6% | 100.0% | AREF2 | AREF2 | NAP | NAP | 12101 North Lamar Boulevard | Austin |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 3.9% | 100.0% | SGFC | SGFC | NAP | NAP | 400 Fairfield Road | Howell |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 2.8% | CREFI, JPMCB, GSBI, WFB | CREFI | NAP | NAP | Various | Various | |
8.01 | Property | 1 | 200 Sidney | 0.9% | 32.2% | 200 Sidney Street | Cambridge | |||||
8.02 | Property | 1 | Lincoln Centre | 0.6% | 21.1% | 200, 300, 400, 500 and 800 Lincoln Centre Drive | Foster City | |||||
8.03 | Property | 1 | 40 Erie Street | 0.4% | 14.5% | 40 Erie Street | Cambridge | |||||
8.04 | Property | 1 | 4570 Executive Drive | 0.3% | 11.6% | 4570 Executive Drive | San Diego | |||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | 0.3% | 9.2% | 9360-9390 Towne Centre Drive | San Diego | |||||
8.06 | Property | 1 | 21 Erie Street | 0.2% | 7.4% | 21 Erie Street | Cambridge | |||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | 0.1% | 2.8% | 47 Erie Street | Cambridge | |||||
8.08 | Property | 1 | Eastgate Mall | 0.0% | 1.3% | 4575 Eastgate Mall | San Diego | |||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 2.8% | 100.0% | GSBI, BANA, SGFC | SGFC | Group A | NAP | 2601 Preston Road | Frisco |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 2.8% | 100.0% | BMO | BMO | NAP | NAP | 515 North Flagler Drive and 517 North Olive Avenue | West Palm Beach |
11 | Loan | 3 | 1 | Patriot Crossing | 2.8% | 100.0% | BSPRT | BSPRT | NAP | NAP | 7415 Patrick Henry Court | Louisville |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 2.8% | Barclays | Barclays | NAP | NAP | Various | Charlotte | |
12.01 | Property | 1 | Queen's Grant | 1.5% | 52.2% | 124 Carnival Street | Charlotte | |||||
12.02 | Property | 1 | Arrowood | 1.3% | 47.8% | 10400 and 10416 John Price Road | Charlotte | |||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 2.3% | 100.0% | UBS AG | UBS AG | NAP | NAP | 4515-17 North Rome Avenue, 1502-1610 River Drive, 1505-09 Coolwater Drive, 1609-13 Sandy Ridge Drive, 4515-19 River Front Lane and 1500-06 Waters Edge Drive | Tampa |
14 | Loan | 1 | Oak Ridge City Center | 2.3% | 100.0% | LMF | LMF | NAP | NAP | 333 East Main Street | Oak Ridge | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 2.3% | 100.0% | GACC, BANA, SMC, WFB | SMC | NAP | NAP | 610 Exterior Street | Bronx |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 2.2% | 100.0% | KeyBank | KeyBank | NAP | NAP | 4585-4586 Oakley Mill Lane and 4590 Factory Colony Lane | Cincinnati |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 2.2% | 100.0% | Barclays | Barclays | NAP | NAP | 1148-1194 Wantagh Avenue | Wantagh |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | 2.1% | 100.0% | SMC | SMC | NAP | NAP | 161 Meserole Avenue | Brooklyn |
19 | Loan | 1 | The Palisades | 2.0% | 100.0% | Barclays | Barclays | NAP | NAP | 409 South Lenzner Avenue | Sierra Vista | |
20 | Loan | 7 | 1 | Northwoods Apartments | 2.0% | 100.0% | UBS AG | UBS AG | NAP | NAP | 99 Antelope Way | Columbus |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 1.9% | 100.0% | Barclays | Barclays | NAP | NAP | Various | DeKalb |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 1.6% | KeyBank, BMO, SGFC, Barclays | KeyBank | NAP | NAP | Various | Various | |
22.01 | Property | 1 | FCA USA - Detroit, MI | 0.5% | 29.7% | 6836 Georgia Street | Detroit | |||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 0.2% | 11.7% | 52888 Shelby Parkway | Shelby Township | |||||
22.03 | Property | 1 | Follett School - McHenry, IL | 0.1% | 8.5% | 1340 Ridgeview Drive | McHenry | |||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | 0.1% | 4.9% | 3580 Shaw Boulevard | Naples | |||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | 0.1% | 4.5% | 7408 Metro Parkway | Sterling Heights | |||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | 0.1% | 4.4% | 1750 Production Drive | Findlay | |||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | 0.1% | 4.1% | 184 Suburban Road | San Luis Obispo | |||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | 0.1% | 4.1% | 728 North Main Street | Mauldin | |||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 0.1% | 3.6% | 130 Enterprise Drive | Pittsburgh | |||||
22.10 | Property | 1 | Hannibal - Houston, TX | 0.1% | 3.6% | 6501 Bingle Road | Houston | |||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | 0.1% | 3.3% | 2024 Buck Lane | Lexington | |||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | 0.0% | 3.1% | 686 Adams Street and 33 Shawnee Avenue | Kansas City | |||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 0.0% | 2.7% | 301 Larcel Drive | Sikeston | |||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 0.0% | 2.6% | 1850 Clark Road | Havre de Grace | |||||
22.15 | Property | 1 | CSTK - St. Louis, MO | 0.0% | 2.5% | 420 East Carrie Avenue | St. Louis | |||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 0.0% | 2.5% | 39 South Park Drive | Mauldin | |||||
22.17 | Property | 1 | AM Castle - Wichita, KS | 0.0% | 2.4% | 3050 South Hydraulic Avenue | Wichita | |||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 0.0% | 1.3% | 9 Old Mill Road | Mauldin | |||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 0.0% | 0.2% | 2447 Eunice Avenue | Orlando | |||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | 0.0% | 0.1% | 513 West Butler Road | Mauldin | |||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 1.5% | SMC | SMC | NAP | NAP | Various | Chicago | |
23.01 | Property | 1 | 8705-8711 South Morgan Street | 0.2% | 16.3% | 8705-8711 South Morgan Street | Chicago | |||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | 0.2% | 10.9% | 11214-11218 South Indiana Avenue | Chicago | |||||
23.03 | Property | 1 | 8201 South Paulina Street | 0.1% | 8.8% | 8201 South Paulina Street | Chicago | |||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | 0.1% | 8.8% | 2320 West Garfield Boulevard | Chicago | |||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | 0.1% | 8.7% | 7818-7820 South South Shore Drive | Chicago | |||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | 0.1% | 8.1% | 8001-8007 South Eberhart Avenue | Chicago | |||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | 0.1% | 7.5% | 8139-8145 South Maryland Avenue | Chicago | |||||
23.08 | Property | 1 | 535 East 102nd Street | 0.1% | 7.5% | 535 East 102nd Street | Chicago | |||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | 0.1% | 6.6% | 6516 South Stony Island Avenue | Chicago | |||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | 0.1% | 5.9% | 7770-7778 South South Shore Drive | Chicago | |||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | 0.1% | 5.6% | 9017-9025 South Cottage Grove Avenue | Chicago | |||||
23.12 | Property | 1 | 7956 South Normal Avenue | 0.1% | 5.4% | 7956 South Normal Avenue | Chicago | |||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 1.3% | 100.0% | UBS AG | UBS AG | NAP | NAP | 1440 and 1444 London Bridge Road | Virginia Beach |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 1.3% | 100.0% | KeyBank | KeyBank | NAP | NAP | 16605 East Palisades Boulevard | Fountain Hills |
26 | Loan | 21 | 1 | 80 White Street | 1.2% | 100.0% | AREF2 | AREF2 | NAP | NAP | 80-82 White Street | New York |
27 | Loan | 20 | 1 | Feasterville Plaza | 1.2% | 100.0% | Barclays | Barclays | NAP | NAP | 1045 Bustleton Pike | Feasterville-Trevose |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 1.1% | 100.0% | KeyBank | KeyBank | NAP | NAP | 1201 West Cypress Creek Road | Fort Lauderdale |
29 | Loan | 1 | The Park at Milestone | 1.1% | 100.0% | AREF2 | AREF2 | NAP | NAP | 1000 Commons Circle | Vicksburg | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 1.0% | KeyBank | KeyBank | NAP | NAP | Various | Various | |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | 0.4% | 35.6% | 2850 Dupont Commerce Court | Fort Wayne | |||||
30.02 | Property | 1 | WoodSpring Suites Easton | 0.4% | 34.1% | 4202 Transit Drive | Columbus | |||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | 0.3% | 30.3% | 6725 Fairfield Business Center Drive | Fairfield | |||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 0.9% | 100.0% | Barclays | Barclays | NAP | NAP | 5855 Rockville Road | Indianapolis |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 0.8% | 100.0% | BSPRT | BSPRT | NAP | NAP | 2117 North DuPont Highway | New Castle |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 0.8% | 100.0% | LMF | LMF | NAP | NAP | 1010 Wilkinson Trace | Bowling Green | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 0.8% | 100.0% | DBRI | GACC | NAP | NAP | 2626 South Hardy Drive | Tempe |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 0.8% | 100.0% | Barclays | Barclays | NAP | NAP | 53 Manning Road | Enfield |
36 | Loan | 1 | Storage Sense Orlando | 0.8% | 100.0% | Barclays | Barclays | NAP | NAP | 10906 Moss Park Road | Orlando |
A-1-1 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
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 |
1 | 25 | 30 | ||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 0.7% | AREF2 | AREF2 | NAP | NAP | Various | Tampa | |
37.01 | Property | 1 | Lakecrest | 0.4% | 53.0% | 3710 Corporex Park Drive | Tampa | |||||
37.02 | Property | 1 | Southpointe | 0.3% | 47.0% | 5650 Breckenridge Park Drive | Tampa | |||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 0.7% | LMF | LMF | NAP | NAP | Various | Various | |
38.01 | Property | 1 | 1503 Teller Avenue | 0.3% | 38.5% | 1503 Teller Avenue | Bronx | |||||
38.02 | Property | 1 | 171 Herzl Street | 0.2% | 30.8% | 171 Herzl Street | Brooklyn | |||||
38.03 | Property | 1 | 2822 University Avenue | 0.2% | 30.8% | 2822 University Avenue | Bronx | |||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 0.6% | Barclays | Barclays | NAP | NAP | Various | Various | |
39.01 | Property | 1 | Saucon Valley Crossing | 0.3% | 53.7% | 5002 Pennsylvania Route 309 | Center Valley | |||||
39.02 | Property | 1 | Birch Knoll | 0.3% | 46.3% | 130 South Pine Tree Road | Hazelton | |||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | 0.6% | 100.0% | LMF | LMF | NAP | NAP | 2758 Creston Avenue | Bronx |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 0.6% | 100.0% | Barclays | Barclays | NAP | NAP | 1900 Euclid Avenue | Cleveland |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 0.6% | 100.0% | GACC | GACC | NAP | NAP | 501 Hayes Street | San Francisco |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 0.6% | 100.0% | KeyBank | KeyBank | NAP | NAP | 12095 North Mariposa Street | Westminster |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 0.5% | 100.0% | KeyBank | KeyBank | NAP | NAP | 2301 North 29th Street | Philadelphia |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 0.5% | 100.0% | DBRI | GACC | NAP | NAP | 51 Haddonfield Road | Cherry Hill |
46 | Loan | 16 | 1 | 140-150 Access Road | 0.5% | 100.0% | BMO | BMO | NAP | NAP | 140-150 Access Road | Spartanburg |
47 | Loan | 1 | 824 Classon Avenue | 0.5% | 100.0% | LMF | LMF | NAP | NAP | 824 Classon Avenue | Brooklyn | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 0.5% | 100.0% | KeyBank | KeyBank | Group B | NAP | 1425 Southwest 10th Street | Delray Beach |
49 | Loan | 10 | 1 | US Storage - Nashville | 0.5% | 100.0% | KeyBank | KeyBank | Group B | NAP | 4611 Nolensville Pike | Nashville |
50 | Loan | 10 | 1 | US Storage - Clarksville | 0.5% | 100.0% | KeyBank | KeyBank | Group B | NAP | 2430 Madison Street | Clarksville |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | 0.5% | 100.0% | LMF | LMF | NAP | NAP | 286 East 163rd Street | Bronx |
52 | Loan | 13 | 1 | 60 Cottage Street | 0.4% | 100.0% | LMF | LMF | NAP | NAP | 60 Cottage Street | Jersey City |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 0.4% | 100.0% | SMC | SMC | NAP | NAP | 431 Dekalb Avenue | Brooklyn |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | 0.4% | 100.0% | SMC | SMC | NAP | NAP | 1668 Bergen Street | Brooklyn |
55 | Loan | 1 | Hamlet MHC | 0.3% | 100.0% | KeyBank | KeyBank | NAP | NAP | 123 Jones Street | Hamlet |
A-1-2 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 % |
2 | 2 | 3 | 6, 7 | 6, 7 | 6, 7 | 8 | |||||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | Forsyth | NC | Various | Multifamily | Garden | Various | 2022-2024 | 813 | Units | 91,220.17 | 74,162,000 | 74,162,000 | 74,162,000 | 6.95000% | 0.13741% |
1.01 | Property | 1 | The Arcadian | Forsyth | NC | 27127 | Multifamily | Garden | 1972 | 2022-2024 | 285 | Units | 28,493,774 | 28,493,774 | 28,493,774 | ||||
1.02 | Property | 1 | The Charleston | Forsyth | NC | 27103 | Multifamily | Garden | 1962 | 2022-2024 | 234 | Units | 23,171,712 | 23,171,712 | 23,171,712 | ||||
1.03 | Property | 1 | The Arlington | Forsyth | NC | 27103 | Multifamily | Garden | 1981, 1983 | 2022-2024 | 294 | Units | 22,496,514 | 22,496,514 | 22,496,514 | ||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | New York | NY | 10172 | Office | CBD | 1963 | 2023 | 1,881,010 | SF | 276.45 | 70,000,000 | 70,000,000 | 70,000,000 | 7.01000% | 0.01304% |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | Essex | MA | Various | Industrial | Storage / Manufacturing | Various | Various | 344,304 | SF | 181.53 | 62,500,000 | 62,500,000 | 62,500,000 | 6.89000% | 0.01366% |
3.01 | Property | 1 | 201 Merrimack Street | Essex | MA | 01843 | Industrial | Storage / Manufacturing | 1955 | 2023 | 182,304 | SF | 32,833,821 | 32,833,821 | 32,833,821 | ||||
3.02 | Property | 1 | 117 Water Street | Essex | MA | 01841 | Industrial | Storage / Manufacturing | 1960 | 2021 | 162,000 | SF | 29,666,179 | 29,666,179 | 29,666,179 | ||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | Okaloosa | FL | 32547 | Multifamily | Garden | 1992 | 2019-2024 | 300 | Units | 203,333.33 | 61,000,000 | 61,000,000 | 61,000,000 | 6.55000% | 0.02366% |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | Harris | TX | 77546 | Retail | Super Regional Mall | 1978 | 2016 | 540,986 | SF | 406.40 | 61,000,000 | 60,959,705 | 57,653,509 | 6.81600% | 0.01491% |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | Travis | TX | 78753 | Multifamily | Garden | 2018 | 2023 | 277 | Units | 216,606.50 | 60,000,000 | 60,000,000 | 60,000,000 | 6.25700% | 0.01366% |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | Monmouth | NJ | 07728 | Industrial | Warehouse / Distribution | 2023 | NAP | 368,050 | SF | 114.11 | 42,000,000 | 42,000,000 | 42,000,000 | 6.30000% | 0.01366% |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | Various | Various | Various | Various | Various | Various | Various | 995,458 | SF | 552.40 | 30,000,000 | 30,000,000 | 30,000,000 | 5.48759809004295% | 0.01366% |
8.01 | Property | 1 | 200 Sidney | Middlesex | MA | 02139 | Mixed Use | Lab / Office | 2000 | 2016 | 188,616 | SF | 9,653,289 | 9,653,289 | 9,653,289 | ||||
8.02 | Property | 1 | Lincoln Centre | San Mateo | CA | 94404 | Mixed Use | Lab / Office | 2017 | NAP | 360,000 | SF | 6,315,789 | 6,315,789 | 6,315,789 | ||||
8.03 | Property | 1 | 40 Erie Street | Middlesex | MA | 02139 | Mixed Use | Lab / Office | 1996 | 2015 | 106,638 | SF | 4,342,105 | 4,342,105 | 4,342,105 | ||||
8.04 | Property | 1 | 4570 Executive Drive | San Diego | CA | 92121 | Mixed Use | Lab / Office | 2000 | 2019 | 125,550 | SF | 3,486,316 | 3,486,316 | 3,486,316 | ||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | San Diego | CA | 92121 | Mixed Use | Lab / Office | 1990 | 2020 | 147,577 | SF | 2,763,158 | 2,763,158 | 2,763,158 | ||||
8.06 | Property | 1 | 21 Erie Street | Middlesex | MA | 02139 | Mixed Use | Lab / Office | 1925 | 2018 | 51,914 | SF | 2,215,658 | 2,215,658 | 2,215,658 | ||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | Middlesex | MA | 02139 | Other | Parking Garage | 1997 | NAP | 447 | Spaces | 828,947 | 828,947 | 828,947 | ||||
8.08 | Property | 1 | Eastgate Mall | San Diego | CA | 92121 | Mixed Use | Lab / Office | 1989 | 2020 | 15,163 | SF | 394,737 | 394,737 | 394,737 | ||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | Collin | TX | 75033 | Retail | Super Regional Mall | 2000 | NAP | 1,096,880 | SF | 232.48 | 30,000,000 | 30,000,000 | 30,000,000 | 6.99900% | 0.01366% |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | Palm Beach | FL | 33407 | Office | CBD | 1985 | 2018 | 294,493 | SF | 325.98 | 30,000,000 | 30,000,000 | 30,000,000 | 6.90500% | 0.01366% |
11 | Loan | 3 | 1 | Patriot Crossing | Jefferson | KY | 40214 | Multifamily | Garden | 1970 | 2024 | 362 | Units | 82,320.44 | 29,800,000 | 29,800,000 | 29,800,000 | 6.75000% | 0.01366% |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | Mecklenburg | NC | Various | Manufactured Housing | Manufactured Housing | Various | NAP | 402 | Pads | 73,880.60 | 29,700,000 | 29,700,000 | 29,700,000 | 6.40000% | 0.01366% |
12.01 | Property | 1 | Queen's Grant | Mecklenburg | NC | 28262 | Manufactured Housing | Manufactured Housing | 1980 | NAP | 207 | Pads | 15,503,774 | 15,503,774 | 15,503,774 | ||||
12.02 | Property | 1 | Arrowood | Mecklenburg | NC | 28273 | Manufactured Housing | Manufactured Housing | 1983 | NAP | 195 | Pads | 14,196,226 | 14,196,226 | 14,196,226 | ||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | Hillsborough | FL | 33603 | Multifamily | Garden | 1973 | 2023 | 337 | Units | 149,554.90 | 25,000,000 | 25,000,000 | 25,000,000 | 6.49900% | 0.01366% |
14 | Loan | 1 | Oak Ridge City Center | Anderson | TN | 37830 | Retail | Anchored | 1955 | 2018 | 286,989 | SF | 87.11 | 25,000,000 | 25,000,000 | 25,000,000 | 7.28000% | 0.01366% | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | Bronx | NY | 10451 | Retail | Anchored | 2009 | NAP | 918,779 | SF | 261.22 | 24,578,947 | 24,578,947 | 24,578,947 | 5.18100% | 0.01366% |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | Hamilton | OH | 45209 | Multifamily | Garden | 2016 | NAP | 150 | Units | 158,333.33 | 23,750,000 | 23,750,000 | 23,750,000 | 6.20000% | 0.02241% |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | Nassau | NY | 11793 | Retail | Anchored | 1954 | 2020 | 59,906 | SF | 396.45 | 23,750,000 | 23,750,000 | 23,750,000 | 6.68000% | 0.01366% |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | Kings | NY | 11222 | Multifamily | Mid Rise | 2024 | NAP | 29 | Units | 758,620.69 | 22,000,000 | 22,000,000 | 22,000,000 | 6.30000% | 0.01366% |
19 | Loan | 1 | The Palisades | Cochise | AZ | 85635 | Multifamily | Garden | 1997 | 2023 | 192 | Units | 109,375.00 | 21,000,000 | 21,000,000 | 21,000,000 | 6.20000% | 0.04241% | |
20 | Loan | 7 | 1 | Northwoods Apartments | Franklin | OH | 43235 | Multifamily | Garden | 1983 | 2021 | 280 | Units | 124,221.43 | 20,782,000 | 20,782,000 | 20,782,000 | 6.20000% | 0.01366% |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | DeKalb | IL | 60115 | Multifamily | Student Housing | 1940-2001 | NAP | 978 | Beds | 20,245.40 | 19,800,000 | 19,800,000 | 19,800,000 | 7.40000% | 0.01366% |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various | 3,908,306 | SF | 60.64 | 17,400,000 | 17,400,000 | 17,400,000 | 5.74400% | 0.01366% |
22.01 | Property | 1 | FCA USA - Detroit, MI | Wayne | MI | 48211 | Industrial | Warehouse / Distribution | 2015 | 2017, 2020 | 997,022 | SF | 5,175,618 | 5,175,618 | 5,175,618 | ||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | Macomb | MI | 48316 | Industrial | Manufacturing | 2017 | NAP | 359,807 | SF | 2,040,198 | 2,040,198 | 2,040,198 | ||||
22.03 | Property | 1 | Follett School - McHenry, IL | McHenry | IL | 60050 | Industrial | Warehouse / Distribution | 1996 | 2002 | 486,868 | SF | 1,486,656 | 1,486,656 | 1,486,656 | ||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | Collier | FL | 34117 | Industrial | Manufacturing / Flex | 1999 | NAP | 130,581 | SF | 850,082 | 850,082 | 850,082 | ||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | Macomb | MI | 48312 | Industrial | Warehouse / Distribution | 2006 | NAP | 200,000 | SF | 788,797 | 788,797 | 788,797 | ||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | Hancock | OH | 45840 | Industrial | Manufacturing / Warehouse | 2018 | NAP | 216,300 | SF | 769,028 | 769,028 | 769,028 | ||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | San Luis Obispo | CA | 93401 | Industrial | Manufacturing | 1998 | NAP | 106,066 | SF | 711,697 | 711,697 | 711,697 | ||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | Greenville | SC | 29662 | Industrial | Warehouse / Distribution | 1970 | NAP | 247,000 | SF | 707,743 | 707,743 | 707,743 | ||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | Allegheny | PA | 15275 | Industrial | Distribution / Flex | 2015 | 2024 | 85,646 | SF | 634,596 | 634,596 | 634,596 | ||||
22.10 | Property | 1 | Hannibal - Houston, TX | Harris | TX | 77092 | Industrial | Manufacturing / Distribution | 1978 | 2016 | 109,000 | SF | 628,666 | 628,666 | 628,666 | ||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | Fayette | KY | 40511 | Industrial | Warehouse / Distribution | 2006 | 2012 | 138,487 | SF | 581,219 | 581,219 | 581,219 | ||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | Wyandotte | KS | 66105 | Industrial | Manufacturing | 1977 | 1990 | 113,000 | SF | 531,796 | 531,796 | 531,796 | ||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | New Madrid | MO | 63801 | Industrial | Warehouse / Distribution | 2016 | NAP | 170,000 | SF | 470,511 | 470,511 | 470,511 | ||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | Harford | MD | 21078 | Industrial | Warehouse / Distribution | 2002 | NAP | 120,000 | SF | 446,788 | 446,788 | 446,788 | ||||
22.15 | Property | 1 | CSTK - St. Louis, MO | City of St. Louis | MO | 63147 | Industrial | Warehouse | 2015 | NAP | 56,029 | SF | 442,834 | 442,834 | 442,834 | ||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | Greenville | SC | 29607 | Industrial | Warehouse / Distribution | 1982 | NAP | 152,000 | SF | 434,926 | 434,926 | 434,926 | ||||
22.17 | Property | 1 | AM Castle - Wichita, KS | Sedgwick | KS | 67216 | Industrial | Manufacturing | 1976 | NAP | 127,600 | SF | 419,110 | 419,110 | 419,110 | ||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | Greenville | SC | 29607 | Industrial | Warehouse / Distribution | 1960 | 2004 | 80,000 | SF | 229,325 | 229,325 | 229,325 | ||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | Orange | FL | 32808 | Industrial | Warehouse / Distribution | 1971 | NAP | 6,900 | SF | 30,643 | 30,643 | 30,643 | ||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | Greenville | SC | 29662 | Office | Suburban | 2000 | 2004 | 6,000 | SF | 19,769 | 19,769 | 19,769 | ||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | Cook | IL | Various | Multifamily | Various | Various | NAP | 243 | Units | 65,843.62 | 16,000,000 | 16,000,000 | 14,994,699 | 7.27000% | 0.01366% |
23.01 | Property | 1 | 8705-8711 South Morgan Street | Cook | IL | 60620 | Multifamily | Garden | 1929 | NAP | 36 | Units | 2,600,000 | 2,600,000 | 2,436,639 | ||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | Cook | IL | 60628 | Multifamily | Mid Rise | 1923 | NAP | 27 | Units | 1,750,000 | 1,750,000 | 1,640,045 | ||||
23.03 | Property | 1 | 8201 South Paulina Street | Cook | IL | 60620 | Multifamily | Mid Rise | 1926 | NAP | 22 | Units | 1,400,000 | 1,400,000 | 1,312,036 | ||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | Cook | IL | 60609 | Multifamily | Garden | 1963 | NAP | 18 | Units | 1,400,000 | 1,400,000 | 1,312,036 | ||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | Cook | IL | 60649 | Multifamily | Garden | 1966 | NAP | 24 | Units | 1,390,000 | 1,390,000 | 1,302,665 | ||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | Cook | IL | 60619 | Multifamily | Garden | 1925 | NAP | 18 | Units | 1,300,000 | 1,300,000 | 1,218,319 | ||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | Cook | IL | 60619 | Multifamily | Garden | 1930 | NAP | 17 | Units | 1,200,000 | 1,200,000 | 1,124,602 | ||||
23.08 | Property | 1 | 535 East 102nd Street | Cook | IL | 60628 | Multifamily | Garden | 1927 | NAP | 22 | Units | 1,200,000 | 1,200,000 | 1,124,602 | ||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | Cook | IL | 60637 | Multifamily | Garden | 1916 | NAP | 16 | Units | 1,050,000 | 1,050,000 | 984,027 | ||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | Cook | IL | 60649 | Multifamily | Garden | 1955 | NAP | 15 | Units | 950,000 | 950,000 | 890,310 | ||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | Cook | IL | 60619 | Multifamily | Garden | 1925, 1966 | NAP | 14 | Units | 900,000 | 900,000 | 843,452 | ||||
23.12 | Property | 1 | 7956 South Normal Avenue | Cook | IL | 60620 | Multifamily | Garden | 1927 | NAP | 14 | Units | 860,000 | 860,000 | 805,965 | ||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | Virginia Beach City | VA | 23453 | Industrial | Warehouse | 1996 | NAP | 400,000 | SF | 35.00 | 14,000,000 | 14,000,000 | 14,000,000 | 6.56000% | 0.01366% |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | Maricopa | AZ | 85268 | Retail | Anchored | 1986 | 2009 | 111,284 | SF | 124.12 | 13,812,500 | 13,812,500 | 13,812,500 | 6.50000% | 0.02241% |
26 | Loan | 21 | 1 | 80 White Street | New York | NY | 10013 | Mixed Use | Office / Retail | 1915 | 2019 | 39,786 | SF | 326.75 | 13,000,000 | 13,000,000 | 13,000,000 | 7.20000% | 0.01366% |
27 | Loan | 20 | 1 | Feasterville Plaza | Bucks | PA | 19053 | Retail | Anchored | 1958 | 2011 | 110,627 | SF | 116.61 | 12,900,000 | 12,900,000 | 12,900,000 | 7.22000% | 0.01366% |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | Broward | FL | 33309 | Office | Suburban | 1988 | 2001 | 107,897 | SF | 106.58 | 11,500,000 | 11,500,000 | 11,500,000 | 7.35000% | 0.02241% |
29 | Loan | 1 | The Park at Milestone | Warren | MS | 39180 | Multifamily | Garden | 2003 | 2021 | 192 | Units | 59,375.00 | 11,400,000 | 11,400,000 | 11,400,000 | 6.30400% | 0.01366% | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | Various | Various | Various | Hospitality | Extended Stay | Various | NAP | 365 | Rooms | 30,410.96 | 11,100,000 | 11,100,000 | 11,100,000 | 7.79000% | 0.02241% |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | Allen | IN | 46825 | Hospitality | Extended Stay | 2009 | NAP | 124 | Rooms | 3,949,000 | 3,949,000 | 3,949,000 | ||||
30.02 | Property | 1 | WoodSpring Suites Easton | Franklin | OH | 43230 | Hospitality | Extended Stay | 2015 | NAP | 122 | Rooms | 3,789,000 | 3,789,000 | 3,789,000 | ||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | Butler | OH | 45014 | Hospitality | Extended Stay | 2008 | NAP | 119 | Rooms | 3,362,000 | 3,362,000 | 3,362,000 | ||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | Marion | IN | 46224 | Hospitality | Limited Service | 1996 | 2024 | 98 | Rooms | 102,040.82 | 10,000,000 | 10,000,000 | 9,655,821 | 7.75000% | 0.01366% |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | New Castle | DE | 19720 | Hospitality | Limited Service | 2015 | NAP | 72 | Rooms | 125,000.00 | 9,000,000 | 9,000,000 | 9,000,000 | 7.95000% | 0.01366% |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | Warren | KY | 42103 | Hospitality | Select Service | 1997 | 2019-2020 | 93 | Rooms | 95,698.92 | 8,900,000 | 8,900,000 | 8,900,000 | 8.20000% | 0.01366% | |
34 | Loan | 2, 16, 19 | 1 | The Hub | Maricopa | AZ | 85282 | Industrial | Flex | 1968 | 2021 | 50,400 | SF | 174.60 | 8,800,000 | 8,800,000 | 8,800,000 | 7.48800% | 0.01366% |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | Hartford | CT | 06082 | Industrial | Warehouse / Distribution | 1961 | 2022 | 244,505 | SF | 34.56 | 8,450,000 | 8,450,000 | 8,450,000 | 7.60000% | 0.01366% |
36 | Loan | 1 | Storage Sense Orlando | Orange | FL | 32832 | Self Storage | Self Storage | 2017 | NAP | 62,259 | SF | 134.92 | 8,400,000 | 8,400,000 | 8,400,000 | 6.71200% | 0.01366% |
A-1-3 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 % |
2 | 2 | 3 | 6, 7 | 6, 7 | 6, 7 | 8 | |||||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | Hillsborough | FL | Various | Office | Suburban | Various | NAP | 121,513 | SF | 59.66 | 7,250,000 | 7,250,000 | 6,882,689 | 7.20000% | 0.01366% |
37.01 | Property | 1 | Lakecrest | Hillsborough | FL | 33619 | Office | Suburban | 1988 | NAP | 59,758 | SF | 3,842,500 | 3,842,500 | 3,647,825 | ||||
37.02 | Property | 1 | Southpointe | Hillsborough | FL | 33610 | Office | Suburban | 1985 | NAP | 61,755 | SF | 3,407,500 | 3,407,500 | 3,234,864 | ||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | Various | NY | Various | Multifamily | Low Rise | 1920 | 2024 | 26 | Units | 278,653.85 | 7,245,000 | 7,245,000 | 7,245,000 | 6.85000% | 0.01366% |
38.01 | Property | 1 | 1503 Teller Avenue | Bronx | NY | 10457 | Multifamily | Low Rise | 1920 | 2024 | 10 | Units | 2,787,000 | 2,787,000 | 2,787,000 | ||||
38.02 | Property | 1 | 171 Herzl Street | Kings | NY | 11212 | Multifamily | Low Rise | 1920 | 2024 | 8 | Units | 2,229,000 | 2,229,000 | 2,229,000 | ||||
38.03 | Property | 1 | 2822 University Avenue | Bronx | NY | 10468 | Multifamily | Low Rise | 1920 | 2024 | 8 | Units | 2,229,000 | 2,229,000 | 2,229,000 | ||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | Various | PA | Various | Manufactured Housing | Manufactured Housing | Various | NAP | 162 | Pads | 41,641.98 | 6,746,000 | 6,746,000 | 6,746,000 | 6.30000% | 0.06241% |
39.01 | Property | 1 | Saucon Valley Crossing | Lehigh | PA | 18034 | Manufactured Housing | Manufactured Housing | 1980 | NAP | 71 | Pads | 3,625,026 | 3,625,026 | 3,625,026 | ||||
39.02 | Property | 1 | Birch Knoll | Luzerne | PA | 18201 | Manufactured Housing | Manufactured Housing | 1989 | NAP | 91 | Pads | 3,120,974 | 3,120,974 | 3,120,974 | ||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | Bronx | NY | 10468 | Multifamily | Mid Rise | 2024 | NAP | 21 | Units | 313,333.33 | 6,580,000 | 6,580,000 | 6,226,385 | 6.92000% | 0.01366% |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | Cuyahoga | OH | 44115 | Multifamily | Mid Rise | 1912 | 2003 | 80 | Units | 81,250.00 | 6,500,000 | 6,500,000 | 6,145,577 | 6.85000% | 0.01366% |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | San Francisco | CA | 94102 | Mixed Use | Multifamily / Retail | 1900 | NAP | 16 | Units | 406,250.00 | 6,500,000 | 6,500,000 | 6,500,000 | 6.45500% | 0.01366% |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | Adams | CO | 80234 | Hospitality | Extended Stay | 2008 | 2023-2024 | 128 | Rooms | 50,390.63 | 6,450,000 | 6,450,000 | 6,450,000 | 7.55000% | 0.02241% |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | Philadelphia | PA | 19132 | Retail | Anchored | 1985-2006 | 2007 | 69,807 | SF | 83.80 | 5,850,000 | 5,850,000 | 5,850,000 | 7.05000% | 0.07241% |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | Camden | NJ | 08002 | Office | Suburban | 1987 | 2022 | 98,382 | SF | 55.90 | 5,500,000 | 5,500,000 | 5,500,000 | 6.96100% | 0.01366% |
46 | Loan | 16 | 1 | 140-150 Access Road | Spartanburg | SC | 29303 | Industrial | Distribution / Outdoor Storage | 1972 | 2004 | 35,232 | SF | 156.11 | 5,500,000 | 5,500,000 | 5,500,000 | 7.60000% | 0.01366% |
47 | Loan | 1 | 824 Classon Avenue | Kings | NY | 11238 | Multifamily | Mid Rise | 1920 | 2022 | 10 | Units | 522,500.00 | 5,225,000 | 5,225,000 | 5,225,000 | 6.72000% | 0.01366% | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | Palm Beach | FL | 33444 | Self Storage | Self Storage | 2001 | NAP | 48,745 | SF | 104.85 | 5,111,000 | 5,111,000 | 5,111,000 | 6.07000% | 0.02241% |
49 | Loan | 10 | 1 | US Storage - Nashville | Davidson | TN | 37211 | Self Storage | Self Storage | 1998 | NAP | 74,075 | SF | 67.70 | 5,015,000 | 5,015,000 | 5,015,000 | 6.07000% | 0.02241% |
50 | Loan | 10 | 1 | US Storage - Clarksville | Montgomery | TN | 37043 | Self Storage | Self Storage | 2009 | NAP | 76,585 | SF | 65.29 | 5,000,000 | 5,000,000 | 5,000,000 | 6.07000% | 0.02241% |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | Bronx | NY | 10451 | Multifamily | Mid Rise | 2024 | NAP | 18 | Units | 277,777.78 | 5,000,000 | 5,000,000 | 5,000,000 | 7.31000% | 0.01366% |
52 | Loan | 13 | 1 | 60 Cottage Street | Hudson | NJ | 07306 | Multifamily | Mid Rise | 2021 | NAP | 21 | Units | 214,285.71 | 4,500,000 | 4,500,000 | 4,500,000 | 6.54000% | 0.01366% |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | Kings | NY | 11205 | Mixed Use | Multifamily / Retail | 1905 | 2024 | 9,881 | SF | 414.94 | 4,100,000 | 4,100,000 | 4,100,000 | 6.90000% | 0.01366% |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | Kings | NY | 11213 | Multifamily | Mid Rise | 2023 | NAP | 10 | Units | 390,000.00 | 3,900,000 | 3,900,000 | 3,900,000 | 6.71200% | 0.01366% |
55 | Loan | 1 | Hamlet MHC | Richmond | NC | 28345 | Manufactured Housing | Manufactured Housing | 1965 | NAP | 80 | Pads | 37,375.00 | 2,990,000 | 2,990,000 | 2,990,000 | 6.45000% | 0.02241% |
A-1-4 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date |
9 | 9 | 9 | 9 | 11 | |||||||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | 6.81259% | NAP | 435,487.16 | NAP | 5,225,845.92 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 9/4/2024 |
1.01 | Property | 1 | The Arcadian | ||||||||||||||||
1.02 | Property | 1 | The Charleston | ||||||||||||||||
1.03 | Property | 1 | The Arlington | ||||||||||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 6.99697% | NAP | 414,596.06 | NAP | 4,975,152.72 | Interest Only - ARD | Yes | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/6/2024 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 6.87634% | NAP | 363,838.25 | NAP | 4,366,059.03 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/29/2024 |
3.01 | Property | 1 | 201 Merrimack Street | ||||||||||||||||
3.02 | Property | 1 | 117 Water Street | ||||||||||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 6.52634% | NAP | 337,582.75 | NAP | 4,050,993.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/14/2024 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 6.80109% | 398,324.71 | NAP | 4,779,896.52 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 59 | 360 | 359 | 7/19/2024 |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 6.24334% | NAP | 317,195.14 | NAP | 3,806,341.68 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/29/2024 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 6.28634% | NAP | 223,562.50 | NAP | 2,682,750.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/28/2024 |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 5.47393809004295% | NAP | 139,095.37 | NAP | 1,669,144.44 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/9/2024 |
8.01 | Property | 1 | 200 Sidney | ||||||||||||||||
8.02 | Property | 1 | Lincoln Centre | ||||||||||||||||
8.03 | Property | 1 | 40 Erie Street | ||||||||||||||||
8.04 | Property | 1 | 4570 Executive Drive | ||||||||||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | ||||||||||||||||
8.06 | Property | 1 | 21 Erie Street | ||||||||||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | ||||||||||||||||
8.08 | Property | 1 | Eastgate Mall | ||||||||||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 6.98534% | NAP | 177,405.21 | NAP | 2,128,862.52 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 7/1/2024 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 6.89134% | NAP | 175,022.57 | NAP | 2,100,270.84 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/9/2024 |
11 | Loan | 3 | 1 | Patriot Crossing | 6.73634% | NAP | 169,953.13 | NAP | 2,039,437.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/30/2024 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 6.38634% | NAP | 160,600.00 | NAP | 1,927,200.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/30/2024 |
12.01 | Property | 1 | Queen's Grant | ||||||||||||||||
12.02 | Property | 1 | Arrowood | ||||||||||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 6.48534% | NAP | 137,276.33 | NAP | 1,647,315.96 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 7/8/2024 |
14 | Loan | 1 | Oak Ridge City Center | 7.26634% | NAP | 153,773.15 | NAP | 1,845,277.80 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/15/2024 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 5.16734% | NAP | 107,593.49 | NAP | 1,291,121.88 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/6/2024 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 6.17759% | NAP | 124,412.62 | NAP | 1,492,951.44 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/30/2024 |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 6.66634% | NAP | 134,044.56 | NAP | 1,608,534.72 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 9/4/2024 |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | 6.28634% | NAP | 117,104.17 | NAP | 1,405,250.00 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/8/2024 |
19 | Loan | 1 | The Palisades | 6.15759% | NAP | 110,006.94 | NAP | 1,320,083.28 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/30/2024 | |
20 | Loan | 7 | 1 | Northwoods Apartments | 6.18634% | NAP | 108,864.97 | NAP | 1,306,379.64 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/31/2024 |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 7.38634% | NAP | 123,795.83 | NAP | 1,485,549.96 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/30/2024 |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 5.73034% | NAP | 84,444.78 | NAP | 1,013,337.36 | Interest Only | No | Actual/360 | 60 | 55 | 60 | 55 | 0 | 0 | 4/5/2024 |
22.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 7.25634% | 112,224.64 | NAP | 1,346,695.68 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 330 | 330 | 8/29/2024 |
23.01 | Property | 1 | 8705-8711 South Morgan Street | ||||||||||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | ||||||||||||||||
23.03 | Property | 1 | 8201 South Paulina Street | ||||||||||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | ||||||||||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | ||||||||||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | ||||||||||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | ||||||||||||||||
23.08 | Property | 1 | 535 East 102nd Street | ||||||||||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | ||||||||||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | ||||||||||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | ||||||||||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | ||||||||||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 6.54634% | NAP | 77,596.30 | NAP | 931,155.60 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/1/2024 |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 6.47759% | NAP | 75,856.84 | NAP | 910,282.08 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/9/2024 |
26 | Loan | 21 | 1 | 80 White Street | 7.18634% | NAP | 79,083.33 | NAP | 948,999.96 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/16/2024 |
27 | Loan | 20 | 1 | Feasterville Plaza | 7.20634% | NAP | 78,692.99 | NAP | 944,315.88 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/9/2024 |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 7.32759% | NAP | 71,415.80 | NAP | 856,989.60 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/13/2024 |
29 | Loan | 1 | The Park at Milestone | 6.29034% | NAP | 60,719.78 | NAP | 728,637.36 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/30/2024 | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 7.76759% | NAP | 73,058.30 | NAP | 876,699.60 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/1/2024 |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | ||||||||||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | ||||||||||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | ||||||||||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 7.73634% | 71,641.22 | 65,480.32 | 859,694.64 | 785,763.84 | Interest Only, Amortizing Balloon | No | Actual/360 | 12 | 12 | 60 | 60 | 360 | 360 | 8/29/2024 |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 7.93634% | NAP | 60,453.13 | NAP | 725,437.56 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/25/2024 |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 8.18634% | NAP | 61,661.34 | NAP | 739,936.08 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 7/10/2024 | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 7.47434% | NAP | 55,674.67 | NAP | 668,096.04 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/25/2024 |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 7.58634% | NAP | 54,259.95 | NAP | 651,119.40 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/23/2024 |
36 | Loan | 1 | Storage Sense Orlando | 6.69834% | NAP | 47,636.56 | NAP | 571,638.72 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/9/2024 |
A-1-5 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Net Mortgage Rate % | Monthly Debt Service (P&I) ($) | Monthly Debt Service (IO) ($) | Annual Debt Service (P&I) ($) | Annual Debt Service (IO) ($) | Amortization Type | ARD Loan (Yes / No) | Interest Accrual Method | Original Interest-Only Period (Mos.) | Remaining Interest-Only Period (Mos.) | Original Term To Maturity / ARD (Mos.) | Remaining Term To Maturity / ARD (Mos.) | Original Amortization Term (Mos.) | Remaining Amortization Term (Mos.) | Origination Date |
9 | 9 | 9 | 9 | 11 | |||||||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 7.18634% | 49,212.15 | NAP | 590,545.80 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 | 8/30/2024 |
37.01 | Property | 1 | Lakecrest | ||||||||||||||||
37.02 | Property | 1 | Southpointe | ||||||||||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 6.83634% | NAP | 41,931.28 | NAP | 503,175.36 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/26/2024 |
38.01 | Property | 1 | 1503 Teller Avenue | ||||||||||||||||
38.02 | Property | 1 | 171 Herzl Street | ||||||||||||||||
38.03 | Property | 1 | 2822 University Avenue | ||||||||||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 6.23759% | NAP | 35,908.40 | NAP | 430,900.80 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/9/2024 |
39.01 | Property | 1 | Saucon Valley Crossing | ||||||||||||||||
39.02 | Property | 1 | Birch Knoll | ||||||||||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | 6.90634% | 43,423.95 | NAP | 521,087.40 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 | 8/28/2024 |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 6.83634% | 42,591.85 | NAP | 511,102.20 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 60 | 60 | 360 | 360 | 8/30/2024 |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 6.44134% | NAP | 35,450.20 | NAP | 425,402.40 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/16/2024 |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 7.52759% | NAP | 41,144.88 | NAP | 493,738.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/30/2024 |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 6.97759% | NAP | 34,846.09 | NAP | 418,153.08 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/20/2024 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 6.94734% | NAP | 32,347.70 | NAP | 388,172.40 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/1/2024 |
46 | Loan | 16 | 1 | 140-150 Access Road | 7.58634% | NAP | 35,317.13 | NAP | 423,805.56 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/15/2024 |
47 | Loan | 1 | 824 Classon Avenue | 6.70634% | NAP | 29,666.39 | NAP | 355,996.68 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/28/2024 | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 6.04759% | NAP | 26,212.21 | NAP | 314,546.52 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 5/30/2024 |
49 | Loan | 10 | 1 | US Storage - Nashville | 6.04759% | NAP | 25,719.87 | NAP | 308,638.44 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 5/30/2024 |
50 | Loan | 10 | 1 | US Storage - Clarksville | 6.04759% | NAP | 25,642.94 | NAP | 307,715.28 | Interest Only | No | Actual/360 | 60 | 57 | 60 | 57 | 0 | 0 | 5/30/2024 |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | 7.29634% | NAP | 30,881.37 | NAP | 370,576.44 | Interest Only | No | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 6/28/2024 |
52 | Loan | 13 | 1 | 60 Cottage Street | 6.52634% | NAP | 24,865.63 | NAP | 298,387.56 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/2/2024 |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 6.88634% | NAP | 23,902.43 | NAP | 286,829.17 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 8/2/2024 |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | 6.69834% | NAP | 22,116.97 | NAP | 265,403.67 | Interest Only | No | Actual/360 | 60 | 59 | 60 | 59 | 0 | 0 | 7/31/2024 |
55 | Loan | 1 | Hamlet MHC | 6.42759% | NAP | 16,294.46 | NAP | 195,533.52 | Interest Only | No | Actual/360 | 60 | 60 | 60 | 60 | 0 | 0 | 8/23/2024 |
A-1-6 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Second Most Recent NOI ($) |
10 | 12 | 16 | |||||||||||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(33),O(3) | 9,910,694 | 3,027,779 | 6,882,915 | 7/31/2024 | T-12 | 8,491,584 | 2,909,179 | 5,582,405 |
1.01 | Property | 1 | The Arcadian | 3,699,036 | 1,161,142 | 2,537,894 | 7/31/2024 | T-12 | 3,046,336 | 1,084,423 | 1,961,913 | ||||||||||
1.02 | Property | 1 | The Charleston | 2,985,156 | 837,034 | 2,148,122 | 7/31/2024 | T-12 | 2,594,434 | 817,170 | 1,777,264 | ||||||||||
1.03 | Property | 1 | The Arlington | 3,226,502 | 1,029,603 | 2,196,898 | 7/31/2024 | T-12 | 2,850,814 | 1,007,586 | 1,843,229 | ||||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2032 | 0 | 0 | L(25),D(31),O(4) | 136,878,629 | 76,295,844 | 60,582,785 | 6/30/2024 | T-12 | 129,173,492 | 74,584,157 | 54,589,335 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
3.01 | Property | 1 | 201 Merrimack Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
3.02 | Property | 1 | 117 Water Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),YM1(29),O(7) | 7,866,018 | 2,670,621 | 5,195,397 | 6/30/2024 | T-12 | 7,663,254 | 2,717,358 | 4,945,896 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 1 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2029 | 8/1/2029 | 0 | 0 | L(25),D(31),O(4) | 41,668,756 | 11,820,364 | 29,848,392 | 5/31/2024 | T-12 | 42,147,608 | 12,227,638 | 29,919,970 |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | 6,747,675 | 3,085,940 | 3,661,735 | 6/30/2024 | T-12 | 6,705,102 | 3,316,700 | 3,388,403 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 5 | 5 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 1 | 9 | 9/9/2024 | NAP | 8/9/2029 | 8/9/2029 | 0 | 0 | YM0.5%(25),DorYM0.5%(28),O(7) | 85,469,946 | 25,221,741 | 60,248,205 | 3/31/2024 | T-12 | 84,472,430 | 25,317,096 | 59,155,334 |
8.01 | Property | 1 | 200 Sidney | 23,664,042 | 6,898,096 | 16,765,946 | 3/31/2024 | T-12 | 22,759,084 | 6,921,719 | 15,837,365 | ||||||||||
8.02 | Property | 1 | Lincoln Centre | 18,183,731 | 5,093,898 | 13,089,833 | 3/31/2024 | T-12 | 18,193,066 | 5,181,882 | 13,011,184 | ||||||||||
8.03 | Property | 1 | 40 Erie Street | 14,104,382 | 4,651,964 | 9,452,417 | 3/31/2024 | T-12 | 14,006,653 | 4,579,941 | 9,426,712 | ||||||||||
8.04 | Property | 1 | 4570 Executive Drive | 10,674,557 | 3,762,645 | 6,911,912 | 3/31/2024 | T-12 | 10,861,584 | 3,817,054 | 7,044,530 | ||||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | 9,014,947 | 2,866,298 | 6,148,648 | 3/31/2024 | T-12 | 8,970,666 | 2,982,548 | 5,988,118 | ||||||||||
8.06 | Property | 1 | 21 Erie Street | 5,993,729 | 1,152,875 | 4,840,853 | 3/31/2024 | T-12 | 5,866,478 | 1,065,329 | 4,801,149 | ||||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | 2,782,533 | 580,403 | 2,202,130 | 3/31/2024 | T-12 | 2,770,094 | 552,837 | 2,217,257 | ||||||||||
8.08 | Property | 1 | Eastgate Mall | 1,052,026 | 215,560 | 836,466 | 3/31/2024 | T-12 | 1,044,805 | 215,786 | 829,019 | ||||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 2 | 1 | 8/1/2024 | NAP | 7/1/2029 | 7/1/2029 | 0 | 0 | L(26),D(27),O(7) | 59,253,463 | 15,561,540 | 43,691,924 | 4/30/2024 | T-12 | 59,426,990 | 15,869,494 | 43,557,495 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),DorYM1(29),O(7) | 14,843,393 | 6,342,469 | 8,500,924 | 5/31/2024 | T-12 | 13,660,870 | 6,210,980 | 7,449,891 |
11 | Loan | 3 | 1 | Patriot Crossing | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),YM1(30),O(6) | 4,061,904 | 1,579,316 | 2,482,588 | 7/31/2024 | T-12 | 3,837,629 | 1,594,263 | 2,243,366 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(29),O(7) | 3,180,205 | 854,665 | 2,325,541 | 6/30/2024 | T-12 | 2,973,309 | 923,620 | 2,049,689 |
12.01 | Property | 1 | Queen's Grant | 1,634,702 | 415,142 | 1,219,561 | 6/30/2024 | T-12 | 1,523,850 | 458,869 | 1,064,980 | ||||||||||
12.02 | Property | 1 | Arrowood | 1,545,503 | 439,523 | 1,105,980 | 6/30/2024 | T-12 | 1,449,460 | 464,751 | 984,709 | ||||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 2 | 6 | 8/6/2024 | NAP | 7/6/2029 | 7/6/2029 | 0 | 0 | L(26),D(27),O(7) | 6,198,227 | 2,356,254 | 3,841,973 | 4/30/2024 | T-12 | 5,959,388 | 2,257,727 | 3,701,662 |
14 | Loan | 1 | Oak Ridge City Center | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(11),YM1(42),O(7) | 3,476,435 | 863,605 | 2,612,830 | 4/30/2024 | T-12 | 3,505,582 | 838,313 | 2,667,269 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 5 | 0 | L(23),YM1(2),DorYM1(31),O(4) | 47,421,498 | 17,043,518 | 30,377,981 | 3/31/2024 | T-12 | 48,058,002 | 17,301,924 | 30,756,078 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 0 | 0 | L(24),D(30),O(6) | 3,379,842 | 821,522 | 2,558,320 | 6/30/2024 | T-12 | 3,338,662 | 715,320 | 2,623,342 |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(29),O(7) | 3,374,335 | 1,008,579 | 2,365,756 | 6/30/2024 | T-12 | 3,256,526 | 894,754 | 2,361,772 |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
19 | Loan | 1 | The Palisades | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(29),O(7) | 2,461,063 | 717,274 | 1,743,789 | 7/31/2024 | T-12 | 2,291,278 | 738,291 | 1,552,987 | |
20 | Loan | 7 | 1 | Northwoods Apartments | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(31),O(4) | 4,138,554 | 1,503,431 | 2,635,122 | 6/30/2024 | T-12 | 4,017,088 | 1,522,201 | 2,494,887 |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(28),O(7) | 4,624,901 | 2,107,202 | 2,517,699 | 5/31/2024 | T-12 | 4,614,580 | 2,176,244 | 2,438,336 |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 5 | 6 | 5/6/2024 | NAP | 4/6/2029 | 4/6/2029 | 0 | 0 | L(11),YM1(18),DorYM1(24),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 |
22.01 | Property | 1 | FCA USA - Detroit, MI | 9,124,678 | 980,812 | 8,143,866 | 12/31/2023 | T-12 | 8,520,112 | 650,834 | 7,869,278 | ||||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 3,723,073 | 62,226 | 3,660,847 | 12/31/2023 | T-12 | 3,635,451 | 46,387 | 3,589,064 | ||||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | 2,078,309 | 15,385 | 2,062,924 | 12/31/2023 | T-12 | 2,282,237 | 242,928 | 2,039,309 | ||||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | 1,339,488 | 263,265 | 1,076,223 | 12/31/2023 | T-12 | 1,258,092 | 199,160 | 1,058,932 | ||||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | 1,189,724 | 19,724 | 1,170,000 | 12/31/2023 | T-12 | 1,167,198 | 17,198 | 1,150,000 | ||||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | 1,700,662 | 52,029 | 1,648,633 | 12/31/2023 | T-12 | 2,181,541 | 566,121 | 1,615,420 | ||||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | 1,140,189 | 5,229 | 1,134,961 | 12/31/2023 | T-12 | 1,116,127 | 3,421 | 1,112,707 | ||||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | 1,196,256 | 12,180 | 1,184,076 | 12/31/2023 | T-12 | 1,168,826 | 7,967 | 1,160,859 | ||||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 1,054,508 | 24,302 | 1,030,206 | 12/31/2023 | T-12 | 1,041,968 | 21,962 | 1,020,006 | ||||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | 1,437,384 | 291,247 | 1,146,137 | 12/31/2023 | T-12 | 1,440,392 | 316,728 | 1,123,664 | ||||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | 853,366 | 12,834 | 840,532 | 12/31/2023 | T-12 | 990,505 | 148,531 | 841,974 | ||||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | 720,000 | 5,328 | 714,672 | 12/31/2023 | T-12 | 723,486 | 3,486 | 720,000 | ||||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 920,672 | 79,649 | 841,024 | 12/31/2023 | T-12 | 909,392 | 80,797 | 828,595 | ||||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 661,814 | 6,949 | 654,865 | 12/31/2023 | T-12 | 646,522 | 4,435 | 642,087 | ||||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | 995,619 | 94,628 | 900,991 | 12/31/2023 | T-12 | 990,341 | 87,739 | 902,602 | ||||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 736,155 | 7,492 | 728,662 | 12/31/2023 | T-12 | 719,276 | 4,901 | 714,375 | ||||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | 750,794 | 0 | 750,794 | 12/31/2023 | T-12 | 747,440 | 0 | 747,440 | ||||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 387,452 | 3,946 | 383,506 | 12/31/2023 | T-12 | 378,568 | 2,581 | 375,987 | ||||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 44,567 | 230 | 44,338 | 12/31/2023 | T-12 | 43,653 | 222 | 43,432 | ||||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | 28,962 | 199 | 28,763 | 12/31/2023 | T-12 | 28,391 | 192 | 28,199 | ||||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 0 | 6 | 10/6/2024 | 10/6/2024 | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | 3,243,411 | 870,203 | 2,373,209 | 6/30/2024 | Various | 2,384,527 | 688,907 | 1,695,620 |
23.01 | Property | 1 | 8705-8711 South Morgan Street | 526,295 | 146,528 | 379,767 | 6/30/2024 | T-8 Ann. | NAV | NAV | NAV | ||||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | 342,648 | 83,980 | 258,668 | 6/30/2024 | T-12 | 330,498 | 85,251 | 245,247 | ||||||||||
23.03 | Property | 1 | 8201 South Paulina Street | 267,830 | 74,532 | 193,298 | 6/30/2024 | T-12 | 253,807 | 84,153 | 169,654 | ||||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | 277,075 | 72,219 | 204,856 | 6/30/2024 | T-12 | 277,792 | 74,847 | 202,945 | ||||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | 291,915 | 79,909 | 212,006 | 6/30/2024 | T-12 | 274,421 | 79,812 | 194,609 | ||||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | 254,366 | 63,530 | 190,836 | 6/30/2024 | T-12 | 247,160 | 73,591 | 173,569 | ||||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | 216,926 | 57,139 | 159,787 | 6/30/2024 | T-12 | 213,478 | 59,447 | 154,031 | ||||||||||
23.08 | Property | 1 | 535 East 102nd Street | 245,330 | 70,566 | 174,764 | 6/30/2024 | T-8 Ann. | NAV | NAV | NAV | ||||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | 215,984 | 64,083 | 151,901 | 6/30/2024 | T-12 | 208,580 | 67,219 | 141,361 | ||||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | 194,721 | 56,121 | 138,600 | 6/30/2024 | T-12 | 188,837 | 56,765 | 132,072 | ||||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | 233,787 | 53,984 | 179,803 | 6/30/2024 | T-12 | 224,757 | 58,895 | 165,862 | ||||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | 176,535 | 47,612 | 128,923 | 6/30/2024 | T-12 | 165,197 | 48,927 | 116,270 | ||||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(12),YM1(44),O(4) | 2,010,455 | 532,603 | 1,477,852 | 6/30/2024 | T-12 | 1,841,906 | 531,745 | 1,310,162 |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 5 | 5 | L(24),D(30),O(6) | 2,174,796 | 510,646 | 1,664,149 | 6/30/2024 | T-12 | 2,153,383 | 486,278 | 1,667,104 |
26 | Loan | 21 | 1 | 80 White Street | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | 1,352,205 | 675,653 | 676,552 | 4/30/2024 | T-12 | 1,367,969 | 679,460 | 688,509 |
27 | Loan | 20 | 1 | Feasterville Plaza | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),YM1(28),O(7) | 2,028,131 | 681,041 | 1,347,090 | 6/30/2024 | T-12 | 2,025,441 | 568,233 | 1,457,208 |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 0 | 5 | L(24),D(30),O(6) | 2,584,176 | 1,296,092 | 1,288,085 | 4/30/2024 | T-12 | 2,554,885 | 1,199,237 | 1,355,648 |
29 | Loan | 1 | The Park at Milestone | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(29),O(7) | 1,790,155 | 1,216,900 | 573,255 | 7/31/2024 | T-12 | 1,356,183 | 1,242,025 | 114,158 | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 1 | 1 | 9/1/2024 | NAP | 8/1/2029 | 8/1/2029 | 0 | 5 | L(25),D(29),O(6) | 5,417,506 | 3,706,957 | 1,710,549 | 5/31/2024 | T-12 | 5,196,777 | 3,505,926 | 1,690,851 |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | 1,911,191 | 1,235,914 | 675,277 | 5/31/2024 | T-12 | 1,772,449 | 1,206,927 | 565,522 | ||||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | 1,787,700 | 1,274,488 | 513,212 | 5/31/2024 | T-12 | 1,583,014 | 1,163,365 | 419,649 | ||||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | 1,718,615 | 1,196,555 | 522,060 | 5/31/2024 | T-12 | 1,841,314 | 1,135,634 | 705,680 | ||||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 0 | 6 | 10/6/2024 | 10/6/2025 | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(29),O(7) | 3,435,883 | 2,069,128 | 1,366,755 | 6/30/2024 | T-12 | 2,988,027 | 2,002,035 | 985,993 |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(31),O(4) | 3,047,141 | 1,594,474 | 1,452,666 | 5/31/2024 | T-12 | 3,003,498 | 1,615,147 | 1,388,350 |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 2 | 6 | 8/6/2024 | NAP | 7/6/2029 | 7/6/2029 | 0 | 0 | L(26),D(27),O(7) | 3,317,111 | 2,021,469 | 1,295,642 | 5/31/2024 | T-12 | 3,303,896 | 2,001,982 | 1,301,914 | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(31),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | 810,006 | 316,738 | 493,267 | 6/30/2024 | T-12 | 462,166 | 327,378 | 134,788 |
36 | Loan | 1 | Storage Sense Orlando | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(28),O(7) | 1,066,834 | 341,733 | 725,100 | 5/31/2024 | T-12 | 1,062,117 | 343,302 | 718,815 |
A-1-7 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Second Most Recent NOI ($) |
10 | 12 | 16 | |||||||||||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 0 | 6 | 10/6/2024 | 10/6/2024 | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(32),O(4) | 1,980,612 | 1,211,067 | 769,545 | 7/31/2024 | T-12 | 1,794,884 | 1,210,176 | 584,707 |
37.01 | Property | 1 | Lakecrest | 1,095,140 | 588,367 | 506,773 | 7/31/2024 | T-12 | 1,044,206 | 569,468 | 474,738 | ||||||||||
37.02 | Property | 1 | Southpointe | 885,472 | 622,700 | 262,772 | 7/31/2024 | T-12 | 750,678 | 640,708 | 109,969 | ||||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(11),YM1(42),O(7) | 225,206 | 21,590 | 203,616 | 8/31/2024 | T-12 | NAV | NAV | NAV |
38.01 | Property | 1 | 1503 Teller Avenue | 72,001 | 3,093 | 68,908 | 8/31/2024 | T-12 | NAV | NAV | NAV | ||||||||||
38.02 | Property | 1 | 171 Herzl Street | 60,538 | 2,754 | 57,784 | 8/31/2024 | T-12 | NAV | NAV | NAV | ||||||||||
38.03 | Property | 1 | 2822 University Avenue | 92,667 | 15,743 | 76,924 | 8/31/2024 | T-12 | NAV | NAV | NAV | ||||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(28),O(7) | 902,869 | 437,522 | 465,348 | 6/30/2024 | T-12 | 859,229 | 444,957 | 414,272 |
39.01 | Property | 1 | Saucon Valley Crossing | 409,031 | 171,059 | 237,972 | 6/30/2024 | T-12 | 404,298 | 175,329 | 228,970 | ||||||||||
39.02 | Property | 1 | Birch Knoll | 493,839 | 266,463 | 227,376 | 6/30/2024 | T-12 | 454,931 | 269,629 | 185,302 | ||||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | 0 | 6 | 10/6/2024 | 10/6/2024 | 9/6/2029 | 9/6/2029 | 0 | 0 | L(23),YM1(33),O(4) | 235,207 | 13,982 | 221,225 | 7/31/2024 | T-12 | NAV | NAV | NAV |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 0 | 6 | 10/6/2024 | 10/6/2024 | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),YM1(29),O(7) | 1,322,215 | 725,605 | 596,610 | 5/31/2024 | T-12 | 1,198,278 | 710,787 | 487,491 |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(31),O(5) | 819,202 | 107,309 | 711,893 | 4/30/2024 | T-12 | 778,568 | 104,289 | 674,279 |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 0 | 0 | L(24),D(33),O(3) | 2,336,594 | 1,332,956 | 1,003,638 | 7/31/2024 | T-12 | 2,251,717 | 1,394,930 | 856,786 |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 0 | 0 | L(24),D(33),O(3) | 1,152,348 | 723,604 | 428,744 | 6/30/2024 | T-12 | 1,220,346 | 669,924 | 550,422 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(31),O(4) | 1,600,242 | 1,033,246 | 566,996 | 6/30/2024 | T-12 | 1,507,364 | 1,068,251 | 439,113 |
46 | Loan | 16 | 1 | 140-150 Access Road | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(24),D(29),O(7) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
47 | Loan | 1 | 824 Classon Avenue | 0 | 6 | 10/6/2024 | NAP | 9/6/2029 | 9/6/2029 | 0 | 0 | L(11),YM1(45),O(4) | 536,266 | 30,833 | 505,433 | 8/31/2024 | T-12 | 539,235 | 57,437 | 481,798 | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 3 | 1 | 7/1/2024 | NAP | 6/1/2029 | 6/1/2029 | 0 | 5 | L(25),YM1(32),O(3) | 1,148,860 | 407,364 | 741,496 | 3/31/2024 | T-12 | 1,178,778 | 408,325 | 770,453 |
49 | Loan | 10 | 1 | US Storage - Nashville | 3 | 1 | 7/1/2024 | NAP | 6/1/2029 | 6/1/2029 | 0 | 5 | L(25),YM1(32),O(3) | 1,019,844 | 346,587 | 673,257 | 3/31/2024 | T-12 | 1,000,860 | 346,403 | 654,457 |
50 | Loan | 10 | 1 | US Storage - Clarksville | 3 | 1 | 7/1/2024 | NAP | 6/1/2029 | 6/1/2029 | 0 | 5 | L(25),YM1(32),O(3) | 1,137,913 | 292,754 | 845,159 | 3/31/2024 | T-12 | 1,130,815 | 293,572 | 837,243 |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | 2 | 6 | 8/6/2024 | NAP | 7/6/2029 | 7/6/2029 | 0 | 0 | L(26),D(30),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
52 | Loan | 13 | 1 | 60 Cottage Street | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(11),YM1(45),O(4) | 478,978 | 86,384 | 392,594 | 7/31/2024 | T-12 | 504,106 | 86,397 | 417,709 |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(31),O(4) | 345,983 | 53,559 | 292,424 | 6/30/2024 | T-12 | 204,218 | 54,994 | 149,224 |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | 1 | 6 | 9/6/2024 | NAP | 8/6/2029 | 8/6/2029 | 0 | 0 | L(25),D(31),O(4) | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
55 | Loan | 1 | Hamlet MHC | 0 | 1 | 10/1/2024 | NAP | 9/1/2029 | 9/1/2029 | 0 | 0 | L(25),YM1(29),O(6) | 359,193 | 110,789 | 248,405 | 6/30/2024 | T-12 | 343,074 | 116,549 | 226,525 |
A-1-8 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) |
16 | 16 | 15 | 15 | 7, 14 | 7, 14 | |||||||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | 12/31/2023 | T-12 | 6,348,884 | 2,597,339 | 3,751,546 | 12/31/2022 | T-12 | 89.6% | 10,707,510 | 3,085,563 | 7,621,948 | 203,250 | 0 | 7,418,698 | 1.46 | 1.42 |
1.01 | Property | 1 | The Arcadian | 12/31/2023 | T-12 | 2,151,687 | 920,268 | 1,231,419 | 12/31/2022 | T-12 | 90.4% | 4,026,076 | 1,238,468 | 2,787,608 | 71,250 | 0 | 2,716,358 | |||
1.02 | Property | 1 | The Charleston | 12/31/2023 | T-12 | 1,876,193 | 732,120 | 1,144,073 | 12/31/2022 | T-12 | 93.5% | 3,220,138 | 831,941 | 2,388,197 | 58,500 | 0 | 2,329,697 | |||
1.03 | Property | 1 | The Arlington | 12/31/2023 | T-12 | 2,321,003 | 944,951 | 1,376,053 | 12/31/2022 | T-12 | 85.4% | 3,461,296 | 1,015,154 | 2,446,142 | 73,500 | 0 | 2,372,642 | |||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 12/31/2023 | T-12 | 129,208,510 | 68,005,400 | 61,203,110 | 12/31/2022 | T-12 | 95.0% | 177,408,734 | 76,356,450 | 101,052,285 | 376,202 | 0 | 100,676,083 | 2.73 | 2.72 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 8,832,476 | 1,575,343 | 7,257,133 | 34,430 | 68,861 | 7,153,842 | 1.66 | 1.64 |
3.01 | Property | 1 | 201 Merrimack Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
3.02 | Property | 1 | 117 Water Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 12/31/2023 | T-12 | 6,950,919 | 2,615,596 | 4,335,323 | 12/31/2022 | T-12 | 95.0% | 7,901,075 | 2,612,665 | 5,288,410 | 75,000 | 0 | 5,213,410 | 1.31 | 1.29 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 12/31/2023 | T-12 | 40,539,309 | 11,947,424 | 28,591,885 | 12/31/2022 | T-12 | 95.4% | 41,481,121 | 11,271,177 | 30,209,945 | 232,624 | 324,592 | 29,652,729 | 1.75 | 1.72 |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 12/31/2023 | T-12 | 6,162,076 | 3,286,914 | 2,875,162 | 12/31/2022 | T-12 | 94.1% | 6,616,450 | 1,650,161 | 4,966,288 | 69,250 | 0 | 4,897,038 | 1.30 | 1.29 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 6,236,143 | 1,257,080 | 4,979,063 | 36,805 | 92,013 | 4,850,245 | 1.86 | 1.81 |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 12/31/2023 | T-12 | 82,497,597 | 23,810,406 | 58,687,190 | 12/31/2022 | T-12 | 93.7% | 97,707,980 | 25,625,813 | 72,082,166 | 66,915 | 497,729 | 71,517,523 | 2.36 | 2.34 |
8.01 | Property | 1 | 200 Sidney | 12/31/2023 | T-12 | 22,214,851 | 6,661,111 | 15,553,740 | 12/31/2022 | T-12 | 100.0% | 31,122,294 | 6,841,858 | 24,280,436 | 33,951 | 94,308 | 24,152,177 | |||
8.02 | Property | 1 | Lincoln Centre | 12/31/2023 | T-12 | 17,847,308 | 5,067,069 | 12,780,239 | 12/31/2022 | T-12 | 100.0% | 20,914,054 | 5,419,567 | 15,494,487 | 10,800 | 180,000 | 15,303,687 | |||
8.03 | Property | 1 | 40 Erie Street | 12/31/2023 | T-12 | 12,121,371 | 4,032,638 | 8,088,733 | 12/31/2022 | T-12 | 100.0% | 15,205,784 | 4,613,990 | 10,591,794 | 4,266 | 53,319 | 10,534,209 | |||
8.04 | Property | 1 | 4570 Executive Drive | 12/31/2023 | T-12 | 10,448,701 | 3,452,658 | 6,996,043 | 12/31/2022 | T-12 | 91.5% | 12,230,158 | 3,839,407 | 8,390,751 | 7,533 | 62,775 | 8,320,443 | |||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | 12/31/2023 | T-12 | 10,779,744 | 2,856,444 | 7,923,300 | 12/31/2022 | T-12 | 60.6% | 7,873,720 | 2,960,083 | 4,913,637 | 7,379 | 73,789 | 4,832,469 | |||
8.06 | Property | 1 | 21 Erie Street | 12/31/2023 | T-12 | 5,677,004 | 998,372 | 4,678,632 | 12/31/2022 | T-12 | 100.0% | 6,491,667 | 1,159,323 | 5,332,345 | 2,077 | 25,957 | 5,304,311 | |||
8.07 | Property | 1 | 47 Erie Street Parking Structure | 12/31/2023 | T-12 | 2,433,387 | 591,553 | 1,841,834 | 12/31/2022 | T-12 | NAP | 2,782,533 | 584,424 | 2,198,109 | 0 | 0 | 2,198,109 | |||
8.08 | Property | 1 | Eastgate Mall | 12/31/2023 | T-12 | 975,231 | 150,562 | 824,669 | 12/31/2022 | T-12 | 100.0% | 1,087,770 | 207,163 | 880,608 | 910 | 7,582 | 872,116 | |||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 12/31/2023 | T-12 | 56,031,261 | 16,837,781 | 39,193,479 | 12/31/2022 | T-12 | 95.0% | 58,468,101 | 15,644,476 | 42,823,625 | 219,376 | 1,038,756 | 41,565,493 | 2.37 | 2.30 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 12/31/2023 | T-12 | 11,934,903 | 6,116,002 | 5,818,901 | 12/31/2022 | T-12 | 85.6% | 17,729,678 | 6,923,863 | 10,805,815 | 73,623 | 294,493 | 10,437,699 | 1.61 | 1.55 |
11 | Loan | 3 | 1 | Patriot Crossing | 12/31/2023 | T-12 | 3,712,759 | 1,457,861 | 2,254,898 | 12/31/2022 | T-12 | 94.2% | 4,209,817 | 1,529,594 | 2,680,223 | 90,500 | 0 | 2,589,723 | 1.31 | 1.27 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 12/31/2023 | T-12 | 2,602,488 | 828,346 | 1,774,142 | 12/31/2022 | T-12 | 94.7% | 3,319,678 | 869,655 | 2,450,024 | 20,100 | 0 | 2,429,924 | 1.27 | 1.26 |
12.01 | Property | 1 | Queen's Grant | 12/31/2023 | T-12 | 1,314,265 | 415,086 | 899,179 | 12/31/2022 | T-12 | 94.6% | 1,677,511 | 421,527 | 1,255,984 | 10,350 | 0 | 1,245,634 | |||
12.02 | Property | 1 | Arrowood | 12/31/2023 | T-12 | 1,288,223 | 413,260 | 874,963 | 12/31/2022 | T-12 | 94.7% | 1,642,167 | 448,128 | 1,194,039 | 9,750 | 0 | 1,184,289 | |||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 12/31/2023 | T-12 | 4,604,817 | 1,920,555 | 2,684,261 | 12/31/2022 | T-12 | 93.5% | 6,652,986 | 2,260,995 | 4,391,990 | 84,250 | 0 | 4,307,740 | 1.32 | 1.30 |
14 | Loan | 1 | Oak Ridge City Center | 12/31/2023 | T-12 | 3,387,815 | 849,501 | 2,538,314 | 12/31/2022 | T-12 | 95.0% | 3,521,965 | 903,092 | 2,618,873 | 43,048 | 129,145 | 2,446,680 | 1.42 | 1.33 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 12/31/2023 | T-12 | 48,167,771 | 16,915,840 | 31,251,930 | 12/31/2022 | T-12 | 90.1% | 46,320,029 | 17,725,341 | 28,594,688 | 183,756 | 918,779 | 27,492,153 | 2.27 | 2.18 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 12/31/2023 | T-12 | 3,192,773 | 709,109 | 2,483,664 | 12/31/2022 | T-12 | 95.0% | 3,417,302 | 825,652 | 2,591,650 | 37,500 | 0 | 2,554,150 | 1.74 | 1.71 |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 12/31/2023 | T-12 | 3,068,041 | 1,063,393 | 2,004,648 | 12/31/2022 | T-12 | 95.0% | 3,339,625 | 1,087,125 | 2,252,500 | 8,986 | 79,648 | 2,163,866 | 1.40 | 1.35 |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 1,956,072 | 156,227 | 1,799,845 | 7,250 | 0 | 1,792,595 | 1.28 | 1.28 |
19 | Loan | 1 | The Palisades | 12/31/2023 | T-12 | 2,232,909 | 673,861 | 1,559,048 | 12/31/2022 | T-12 | 94.3% | 2,539,258 | 784,155 | 1,755,103 | 48,000 | 0 | 1,707,103 | 1.33 | 1.29 | |
20 | Loan | 7 | 1 | Northwoods Apartments | 12/31/2023 | T-12 | 3,648,119 | 1,474,791 | 2,173,328 | 12/31/2022 | T-12 | 90.7% | 4,321,762 | 1,301,720 | 3,020,042 | 70,000 | 0 | 2,950,042 | 1.38 | 1.35 |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 12/31/2023 | T-12 | 4,544,247 | 2,209,533 | 2,334,713 | 12/31/2022 | T-12 | 94.0% | 4,634,449 | 2,185,838 | 2,448,610 | 106,200 | 0 | 2,342,410 | 1.65 | 1.58 |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 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 |
22.01 | Property | 1 | FCA USA - Detroit, MI | 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 | |||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 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 | |||
22.03 | Property | 1 | Follett School - McHenry, IL | 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 | |||
22.04 | Property | 1 | Shaw Aero - Naples, FL | 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 | |||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | 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 | |||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | 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 | |||
22.07 | Property | 1 | CF Sauer - 184 Suburban | 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 | |||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | 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 | |||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 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 | |||
22.10 | Property | 1 | Hannibal - Houston, TX | 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 | |||
22.11 | Property | 1 | FedEx IV - Lexington, KY | 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 | |||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | 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 | |||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 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 | |||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 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 | |||
22.15 | Property | 1 | CSTK - St. Louis, MO | 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 | |||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 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 | |||
22.17 | Property | 1 | AM Castle - Wichita, KS | 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 | |||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 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 | |||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 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 | |||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | 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 | |||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | Various | Various | 1,827,777 | 641,017 | 1,186,760 | Various | Various | 94.8% | 3,220,807 | 1,139,567 | 2,081,240 | 70,215 | 0 | 2,011,025 | 1.55 | 1.49 |
23.01 | Property | 1 | 8705-8711 South Morgan Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 530,828 | 184,579 | 346,248 | 10,692 | 0 | 335,556 | |||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | 12/31/2023 | T-12 | 235,049 | 83,352 | 151,697 | 12/31/2022 | T-11 Ann. | 95.0% | 342,137 | 112,487 | 229,650 | 9,126 | 0 | 220,524 | |||
23.03 | Property | 1 | 8201 South Paulina Street | 12/31/2023 | T-12 | 188,841 | 74,884 | 113,957 | 12/31/2022 | T-11 Ann. | 95.0% | 272,973 | 94,587 | 178,386 | 5,962 | 0 | 172,424 | |||
23.04 | Property | 1 | 2320 West Garfield Boulevard | 12/31/2023 | T-12 | 237,346 | 69,617 | 167,729 | 12/31/2022 | T-10 Ann. | 94.1% | 268,164 | 88,565 | 179,599 | 5,238 | 0 | 174,361 | |||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | 12/31/2023 | T-12 | 238,520 | 72,122 | 166,398 | 12/31/2022 | T-11 Ann. | 95.0% | 298,509 | 113,354 | 185,155 | 6,696 | 0 | 178,459 | |||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | 12/31/2023 | T-12 | 194,773 | 65,518 | 129,255 | 12/31/2022 | T-11 Ann. | 94.7% | 252,031 | 83,604 | 168,427 | 4,950 | 0 | 163,477 | |||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | 12/31/2023 | T-12 | 152,115 | 56,927 | 95,188 | 12/31/2022 | T-12 | 95.0% | 218,253 | 73,471 | 144,782 | 4,590 | 0 | 140,192 | |||
23.08 | Property | 1 | 535 East 102nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 252,453 | 89,625 | 162,828 | 6,446 | 0 | 156,382 | |||
23.09 | Property | 1 | 6516 South Stony Island Avenue | 12/31/2023 | T-12 | 149,329 | 60,777 | 88,552 | 12/31/2022 | T-12 | 95.0% | 215,141 | 81,262 | 133,879 | 4,400 | 0 | 129,479 | |||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | 12/31/2023 | T-12 | 142,024 | 48,519 | 93,505 | 12/31/2022 | T-9 Ann. | 95.0% | 197,448 | 72,453 | 124,995 | 4,065 | 0 | 120,930 | |||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | 12/31/2023 | T-12 | 179,283 | 56,764 | 122,519 | 12/31/2022 | T-8 Ann. | 92.1% | 196,968 | 81,864 | 115,104 | 3,864 | 0 | 111,240 | |||
23.12 | Property | 1 | 7956 South Normal Avenue | 12/31/2023 | T-12 | 110,497 | 52,537 | 57,961 | 12/31/2022 | T-9 Ann. | 95.0% | 175,902 | 63,715 | 112,187 | 4,186 | 0 | 108,001 | |||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 12/31/2023 | T-12 | 1,654,342 | 439,288 | 1,215,054 | 12/31/2022 | T-12 | 95.0% | 1,837,812 | 576,628 | 1,261,184 | 40,000 | 59,822 | 1,161,362 | 1.35 | 1.25 |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 12/31/2023 | T-12 | 2,215,082 | 481,494 | 1,733,588 | 12/31/2022 | T-12 | 86.4% | 2,076,697 | 485,171 | 1,591,526 | 22,257 | 55,020 | 1,514,249 | 1.75 | 1.66 |
26 | Loan | 21 | 1 | 80 White Street | 12/31/2023 | T-12 | 1,100,418 | 691,482 | 408,936 | 12/31/2022 | T-12 | 95.0% | 1,918,302 | 698,799 | 1,219,504 | 9,947 | 0 | 1,209,557 | 1.29 | 1.27 |
27 | Loan | 20 | 1 | Feasterville Plaza | 12/31/2023 | T-12 | 1,927,713 | 613,527 | 1,314,186 | 12/31/2022 | T-12 | 95.0% | 1,995,486 | 604,065 | 1,391,421 | 16,594 | 76,484 | 1,298,342 | 1.47 | 1.37 |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 9/30/2023 | T-12 | 2,513,357 | 1,087,174 | 1,426,183 | 9/30/2022 | T-12 | 91.4% | 2,825,059 | 1,337,361 | 1,487,697 | 50,087 | 171,556 | 1,266,054 | 1.74 | 1.48 |
29 | Loan | 1 | The Park at Milestone | 12/31/2023 | T-12 | 2,073,639 | 1,192,303 | 881,336 | 12/31/2022 | T-12 | 86.3% | 2,313,046 | 1,237,743 | 1,075,303 | 48,000 | 0 | 1,027,303 | 1.48 | 1.41 | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 12/31/2023 | T-12 | 5,879,952 | 3,458,607 | 2,421,345 | 12/31/2022 | T-12 | 77.6% | 5,417,506 | 3,658,718 | 1,758,788 | 216,700 | 0 | 1,542,087 | 2.01 | 1.76 |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | 12/31/2023 | T-12 | 1,891,990 | 1,088,361 | 803,629 | 12/31/2022 | T-12 | 82.4% | 1,911,191 | 1,235,234 | 675,957 | 76,448 | 0 | 599,509 | |||
30.02 | Property | 1 | WoodSpring Suites Easton | 12/31/2023 | T-12 | 1,944,325 | 1,264,739 | 679,586 | 12/31/2022 | T-12 | 71.8% | 1,787,700 | 1,221,134 | 566,566 | 71,508 | 0 | 495,058 | |||
30.03 | Property | 1 | WoodSpring Suites Fairfield | 12/31/2023 | T-12 | 2,043,637 | 1,105,507 | 938,130 | 12/31/2022 | T-12 | 78.6% | 1,718,615 | 1,202,351 | 516,264 | 68,745 | 0 | 447,520 | |||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 12/31/2023 | T-12 | 3,537,013 | 2,052,923 | 1,484,090 | 12/31/2022 | T-12 | 75.2% | 3,435,883 | 2,098,008 | 1,337,875 | 137,435 | 0 | 1,200,439 | 1.56 | 1.40 |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 12/31/2023 | T-12 | 3,412,656 | 1,733,649 | 1,679,007 | 12/31/2022 | T-12 | 76.9% | 3,039,064 | 1,620,011 | 1,419,053 | 121,563 | 0 | 1,297,490 | 1.96 | 1.79 |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 12/31/2023 | T-12 | 3,387,709 | 1,963,575 | 1,424,134 | 12/31/2022 | T-12 | 72.1% | 3,317,111 | 2,022,871 | 1,294,240 | 99,513 | 0 | 1,194,726 | 1.75 | 1.61 | |
34 | Loan | 2, 16, 19 | 1 | The Hub | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,259,945 | 112,626 | 1,147,319 | 7,760 | 37,800 | 1,101,759 | 1.72 | 1.65 |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 12/31/2023 | T-12 | 504,778 | 153,226 | 351,552 | 12/31/2022 | T-12 | 95.0% | 1,243,018 | 335,208 | 907,810 | 24,451 | 24,718 | 858,642 | 1.39 | 1.32 |
36 | Loan | 1 | Storage Sense Orlando | 12/31/2023 | T-12 | 992,946 | 330,049 | 662,896 | 12/31/2022 | T-12 | 92.2% | 1,074,531 | 348,724 | 725,807 | 6,226 | 0 | 719,581 | 1.27 | 1.26 |
A-1-9 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) |
16 | 16 | 15 | 15 | 7, 14 | 7, 14 | |||||||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 12/31/2023 | T-12 | 1,699,797 | 1,014,193 | 685,604 | 12/31/2022 | T-12 | 83.7% | 2,397,849 | 1,253,992 | 1,143,857 | 23,867 | 64,013 | 1,055,976 | 1.94 | 1.79 |
37.01 | Property | 1 | Lakecrest | 12/31/2023 | T-12 | 898,242 | 494,797 | 403,445 | 12/31/2022 | T-12 | 84.8% | 1,159,020 | 606,268 | 552,752 | 13,666 | 31,008 | 508,079 | |||
37.02 | Property | 1 | Southpointe | 12/31/2023 | T-12 | 801,555 | 519,396 | 282,159 | 12/31/2022 | T-12 | 82.6% | 1,238,829 | 647,724 | 591,105 | 10,202 | 33,005 | 547,898 | |||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.5% | 805,209 | 100,390 | 704,819 | 5,200 | 0 | 699,619 | 1.40 | 1.39 |
38.01 | Property | 1 | 1503 Teller Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.5% | 314,243 | 37,761 | 276,482 | 2,000 | 0 | 274,482 | |||
38.02 | Property | 1 | 171 Herzl Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.5% | 247,380 | 30,854 | 216,526 | 1,600 | 0 | 214,926 | |||
38.03 | Property | 1 | 2822 University Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.5% | 243,587 | 31,775 | 211,812 | 1,600 | 0 | 210,212 | |||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 12/31/2023 | T-12 | 847,398 | 442,806 | 404,591 | 12/31/2022 | T-12 | 91.0% | 961,159 | 394,283 | 566,876 | 8,100 | 0 | 558,776 | 1.32 | 1.30 |
39.01 | Property | 1 | Saucon Valley Crossing | 12/31/2023 | T-12 | 390,030 | 167,958 | 222,072 | 12/31/2022 | T-12 | 91.2% | 462,388 | 168,954 | 293,434 | 3,550 | 0 | 289,884 | |||
39.02 | Property | 1 | Birch Knoll | 12/31/2023 | T-12 | 457,367 | 274,848 | 182,519 | 12/31/2022 | T-12 | 90.8% | 498,771 | 225,330 | 273,441 | 4,550 | 0 | 268,891 | |||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.7% | 734,160 | 81,914 | 652,246 | 4,200 | 0 | 648,046 | 1.25 | 1.24 |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 12/31/2023 | T-12 | 1,128,782 | 696,061 | 432,721 | 12/31/2022 | T-12 | 88.8% | 1,474,446 | 814,288 | 660,158 | 25,600 | 0 | 634,559 | 1.29 | 1.24 |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 12/31/2023 | T-12 | 693,816 | 133,903 | 559,913 | 12/31/2022 | T-12 | 91.1% | 869,985 | 274,140 | 595,845 | 4,000 | 0 | 591,845 | 1.40 | 1.39 |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 12/31/2023 | T-12 | 2,349,240 | 1,439,707 | 909,533 | 12/31/2022 | T-12 | 86.6% | 2,336,594 | 1,360,030 | 976,564 | 93,464 | 0 | 883,100 | 1.98 | 1.79 |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 12/31/2023 | T-12 | 1,084,668 | 543,694 | 540,974 | 12/31/2022 | T-12 | 92.5% | 1,231,078 | 600,573 | 630,505 | 13,961 | 20,288 | 596,256 | 1.51 | 1.43 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 12/31/2023 | T-12 | 1,627,289 | 1,115,054 | 512,235 | 12/31/2022 | T-12 | 88.4% | 1,925,945 | 1,081,678 | 844,267 | 19,676 | 102,978 | 721,613 | 2.17 | 1.86 |
46 | Loan | 16 | 1 | 140-150 Access Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 793,374 | 219,366 | 574,008 | 11,135 | 7,046 | 555,827 | 1.35 | 1.31 |
47 | Loan | 1 | 824 Classon Avenue | 12/31/2023 | T-12 | 268,740 | 40,432 | 228,308 | 12/31/2022 | T-12 | 98.0% | 543,841 | 69,406 | 474,435 | 2,500 | 0 | 471,935 | 1.33 | 1.33 | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 12/31/2023 | T-12 | 1,206,571 | 410,877 | 795,693 | 12/31/2022 | T-12 | 93.2% | 1,148,860 | 403,132 | 745,728 | 7,071 | 0 | 738,657 | 2.37 | 2.35 |
49 | Loan | 10 | 1 | US Storage - Nashville | 12/31/2023 | T-12 | 942,638 | 356,856 | 585,781 | 12/31/2022 | T-12 | 86.1% | 1,019,844 | 353,197 | 666,648 | 7,866 | 0 | 658,782 | 2.16 | 2.13 |
50 | Loan | 10 | 1 | US Storage - Clarksville | 12/31/2023 | T-12 | 1,147,164 | 276,457 | 870,707 | 12/31/2022 | T-12 | 89.6% | 1,137,913 | 286,077 | 851,836 | 7,659 | 0 | 844,178 | 2.77 | 2.74 |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 98.0% | 521,744 | 54,359 | 467,385 | 3,600 | 0 | 463,785 | 1.26 | 1.25 |
52 | Loan | 13 | 1 | 60 Cottage Street | 12/31/2023 | T-12 | 443,124 | 41,761 | 401,363 | 12/31/2022 | T-12 | 95.0% | 528,678 | 137,941 | 390,737 | 4,200 | 0 | 386,537 | 1.31 | 1.30 |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 12/31/2023 | T-12 | 157,165 | 40,587 | 116,578 | 12/31/2022 | T-12 | 95.9% | 480,025 | 87,664 | 392,361 | 2,540 | 4,196 | 385,625 | 1.37 | 1.34 |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 97.0% | 415,245 | 50,043 | 365,202 | 2,500 | 0 | 362,702 | 1.38 | 1.37 |
55 | Loan | 1 | Hamlet MHC | 12/31/2023 | T-12 | 309,208 | 138,249 | 170,960 | 12/31/2022 | T-12 | 95.0% | 377,457 | 110,380 | 267,077 | 4,000 | 0 | 263,077 | 1.37 | 1.35 |
A-1-10 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
7 | 7 | 5 | 5 | 5, 7 | 5, 7 | 3, 4 | 22, 23 | 23 | ||||||||
1 | Loan | 6 | 3 | Arch Portfolio | 10.3% | 10.0% | 117,900,000 | As Is | 8/14/2024 | 62.9% | 62.9% | 92.6% | 8/1/2024 | |||
1.01 | Property | 1 | The Arcadian | 45,200,000 | As Is | 8/14/2024 | 93.0% | 8/1/2024 | NAP | NAP | NAP | |||||
1.02 | Property | 1 | The Charleston | 35,100,000 | As Is | 8/14/2024 | 97.0% | 8/1/2024 | NAP | NAP | NAP | |||||
1.03 | Property | 1 | The Arlington | 37,600,000 | As Is | 8/14/2024 | 88.8% | 8/1/2024 | NAP | NAP | NAP | |||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 19.4% | 19.4% | 1,755,000,000 | Alternate Market Value As Is Subject to EA Regarding Funds Held in Reserve | 5/15/2024 | 29.6% | 29.6% | 97.5% | 5/6/2024 | No | JP Morgan Chase | 898,121 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 11.6% | 11.4% | 102,600,000 | As Is | 8/6/2024 | 60.9% | 60.9% | 100.0% | 8/29/2024 | |||
3.01 | Property | 1 | 201 Merrimack Street | 53,900,000 | As Is | 8/6/2024 | 100.0% | 8/29/2024 | Yes | Artisan Chef Manufacturing | 182,304 | |||||
3.02 | Property | 1 | 117 Water Street | 48,700,000 | As Is | 8/6/2024 | 100.0% | 8/29/2024 | Yes | Artisan Chef Manufacturing | 162,000 | |||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 8.7% | 8.5% | 87,200,000 | As Is | 6/27/2024 | 70.0% | 70.0% | 95.7% | 6/30/2024 | NAP | NAP | NAP |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 13.7% | 13.5% | 392,659,260 | As Is with Escrow Reserve | 6/4/2024 | 56.0% | 53.0% | 95.4% | 6/30/2024 | No | JCPenney | 96,605 |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 8.3% | 8.2% | 90,100,000 | Hypothetical Market Value with Restricted Rents | 7/3/2024 | 66.6% | 66.6% | 94.2% | 8/1/2024 | NAP | NAP | NAP |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 11.9% | 11.5% | 80,300,000 | As Is | 8/14/2024 | 52.3% | 52.3% | 100.0% | 8/28/2024 | Yes | EDA International, Inc. | 368,050 |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 13.1% | 13.0% | 1,098,200,000 | As Is | Various | 50.1% | 50.1% | 93.8% | 4/12/2024 | |||
8.01 | Property | 1 | 200 Sidney | 323,600,000 | As Is | 4/30/2024 | 100.0% | 4/12/2024 | No | AbbVie Inc. | 119,980 | |||||
8.02 | Property | 1 | Lincoln Centre | 243,000,000 | As Is | 4/22/2024 | 100.0% | 4/12/2024 | Yes | Illumina, Inc. | 360,000 | |||||
8.03 | Property | 1 | 40 Erie Street | 151,900,000 | As Is | 4/30/2024 | 100.0% | 4/12/2024 | No | Intellia Therapeutics, Inc. | 65,319 | |||||
8.04 | Property | 1 | 4570 Executive Drive | 120,000,000 | As Is | 4/24/2024 | 91.6% | 4/12/2024 | No | BioMed Realty, L.P. | 49,912 | |||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | 141,000,000 | As Is | 4/24/2024 | 65.6% | 4/12/2024 | No | Poseida Therapeutics, Inc. | 71,405 | |||||
8.06 | Property | 1 | 21 Erie Street | 75,500,000 | As Is | 4/30/2024 | 100.0% | 4/12/2024 | Yes | MIL 21E, LLC | 51,914 | |||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | 28,000,000 | As Is | 4/30/2024 | NAP | NAP | NAP | NAP | NAP | |||||
8.08 | Property | 1 | Eastgate Mall | 15,200,000 | As Is | 4/24/2024 | 100.0% | 4/12/2024 | Yes | Poseida Therapeutics, Inc. | 15,163 | |||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 16.8% | 16.3% | 605,000,000 | As Is | 5/13/2024 | 42.1% | 42.1% | 96.7% | 4/30/2024 | No | JCPenney | 162,347 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 11.3% | 10.9% | 158,400,000 | As Is | 7/2/2024 | 60.6% | 60.6% | 85.8% | 8/2/2024 | No | Quest Workspaces | 25,947 |
11 | Loan | 3 | 1 | Patriot Crossing | 9.0% | 8.7% | 47,400,000 | As Is | 7/23/2024 | 62.9% | 62.9% | 96.4% | 8/7/2024 | NAP | NAP | NAP |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 8.2% | 8.2% | 47,700,000 | As Is | 7/17/2024 | 62.3% | 62.3% | 98.0% | 8/26/2024 | |||
12.01 | Property | 1 | Queen's Grant | 24,900,000 | As Is | 7/17/2024 | 99.5% | 8/26/2024 | NAP | NAP | NAP | |||||
12.02 | Property | 1 | Arrowood | 22,800,000 | As Is | 7/17/2024 | 96.4% | 8/26/2024 | NAP | NAP | NAP | |||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 8.7% | 8.5% | 86,200,000 | As Is | 5/28/2024 | 58.5% | 58.5% | 96.1% | 6/19/2024 | NAP | NAP | NAP |
14 | Loan | 1 | Oak Ridge City Center | 10.5% | 9.8% | 35,900,000 | As Is | 4/23/2024 | 69.6% | 69.6% | 100.0% | 6/18/2024 | No | Belk | 61,200 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 11.9% | 11.5% | 555,000,000 | As Is | 4/30/2024 | 43.2% | 43.2% | 90.2% | 4/19/2024 | No | Target | 188,446 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 10.9% | 10.8% | 38,000,000 | As Is | 7/11/2024 | 62.5% | 62.5% | 97.3% | 7/8/2024 | NAP | NAP | NAP |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 9.5% | 9.1% | 35,600,000 | As Is | 6/21/2024 | 66.7% | 66.7% | 100.0% | 6/6/2024 | No | Iavarone Bros. of Wantagh, Inc. | 12,375 |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | 8.2% | 8.1% | 34,200,000 | Market Value Subject to a Hypothetical Condition | 7/22/2024 | 64.3% | 64.3% | 75.9% | 8/7/2024 | NAP | NAP | NAP |
19 | Loan | 1 | The Palisades | 8.4% | 8.1% | 29,200,000 | As Is | 7/26/2024 | 71.9% | 71.9% | 94.8% | 7/12/2024 | NAP | NAP | NAP | |
20 | Loan | 7 | 1 | Northwoods Apartments | 8.7% | 8.5% | 52,000,000 | As Is | 7/23/2024 | 66.9% | 66.9% | 92.9% | 7/18/2024 | NAP | NAP | NAP |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 12.4% | 11.8% | 35,100,000 | As Is | 6/18/2024 | 56.4% | 56.4% | 95.2% | 6/30/2024 | NAP | NAP | NAP |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 12.6% | 12.4% | 440,475,000 | As Is | Various | 53.8% | 53.8% | 100.0% | 4/5/2024 | |||
22.01 | Property | 1 | FCA USA - Detroit, MI | 130,900,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Fiat Chrysler | 997,022 | |||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 52,000,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Grupo Antolin | 359,807 | |||||
22.03 | Property | 1 | Follett School - McHenry, IL | 37,600,000 | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Follett School Solutions | 486,868 | |||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | 21,500,000 | As Is | 3/5/2024 | 100.0% | 4/5/2024 | Yes | Shaw Aero Devices | 130,581 | |||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | 19,950,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | KUKA Systems | 200,000 | |||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | 19,450,000 | As Is | 3/1/2024 | 100.0% | 4/5/2024 | Yes | ZF Active Safety | 216,300 | |||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | 18,000,000 | As Is | 3/1/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 106,066 | |||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | 17,900,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 247,000 | |||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 16,050,000 | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Walgreens | 85,646 | |||||
22.10 | Property | 1 | Hannibal - Houston, TX | 15,900,000 | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Hannibal Industries | 109,000 | |||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | 14,700,000 | As Is | 3/7/2024 | 100.0% | 4/5/2024 | Yes | FedEx Ground | 138,487 | |||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | 13,450,000 | As Is | 3/4/2024 | 100.0% | 4/5/2024 | Yes | VersaFlex | 113,000 | |||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 11,900,000 | As Is | 2/28/2024 | 100.0% | 4/5/2024 | Yes | Cott Beverages | 170,000 | |||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 11,300,000 | As Is | 3/1/2024 | 100.0% | 4/5/2024 | Yes | Dunlop Protective Footwear | 120,000 | |||||
22.15 | Property | 1 | CSTK - St. Louis, MO | 11,200,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Central States Thermo King | 56,029 | |||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 11,000,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 152,000 | |||||
22.17 | Property | 1 | AM Castle - Wichita, KS | 10,600,000 | As Is | 3/5/2024 | 100.0% | 4/5/2024 | Yes | A.M. Castle & Co | 127,600 | |||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 5,800,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 80,000 | |||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 775,000 | As Is | 3/4/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 6,900 | |||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | 500,000 | As Is | 2/29/2024 | 100.0% | 4/5/2024 | Yes | Sauer Brands | 6,000 | |||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 13.0% | 12.6% | 34,100,000 | As Portfolio | 6/14/2024 | 46.9% | 44.0% | 96.7% | 8/29/2024 | |||
23.01 | Property | 1 | 8705-8711 South Morgan Street | 5,080,000 | As Is | 6/14/2024 | 97.2% | 8/29/2024 | NAP | NAP | NAP | |||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | 3,140,000 | As Is | 6/14/2024 | 100.0% | 8/29/2024 | NAP | NAP | NAP | |||||
23.03 | Property | 1 | 8201 South Paulina Street | 2,530,000 | As Is | 6/14/2024 | 95.5% | 8/29/2024 | NAP | NAP | NAP | |||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | 2,510,000 | As Is | 6/14/2024 | 94.4% | 8/29/2024 | NAP | NAP | NAP | |||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | 2,670,000 | As Is | 6/14/2024 | 95.8% | 8/29/2024 | NAP | NAP | NAP | |||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | 2,310,000 | As Is | 6/14/2024 | 100.0% | 8/29/2024 | NAP | NAP | NAP | |||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | 2,200,000 | As Is | 6/14/2024 | 94.1% | 8/29/2024 | NAP | NAP | NAP | |||||
23.08 | Property | 1 | 535 East 102nd Street | 2,180,000 | As Is | 6/14/2024 | 95.5% | 8/29/2024 | NAP | NAP | NAP | |||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | 1,850,000 | As Is | 6/14/2024 | 100.0% | 8/29/2024 | NAP | NAP | NAP | |||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | 1,950,000 | As Is | 6/14/2024 | 100.0% | 8/29/2024 | NAP | NAP | NAP | |||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | 1,900,000 | As Is | 6/14/2024 | 85.7% | 8/29/2024 | NAP | NAP | NAP | |||||
23.12 | Property | 1 | 7956 South Normal Avenue | 1,710,000 | As Is | 6/14/2024 | 100.0% | 8/29/2024 | NAP | NAP | NAP | |||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 9.0% | 8.3% | 32,200,000 | As Is | 7/8/2024 | 43.5% | 43.5% | 100.0% | 7/15/2024 | No | U-Play USA, LLC | 300,000 |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 11.5% | 11.0% | 21,250,000 | As Is | 6/26/2024 | 65.0% | 65.0% | 90.0% | 6/30/2024 | No | Basha's | 49,409 |
26 | Loan | 21 | 1 | 80 White Street | 9.4% | 9.3% | 22,300,000 | As Is | 6/11/2024 | 58.3% | 58.3% | 100.0% | 8/8/2024 | No | A&P Packing & Shipping | 12,500 |
27 | Loan | 20 | 1 | Feasterville Plaza | 10.8% | 10.1% | 19,100,000 | As Is | 3/26/2024 | 67.5% | 67.5% | 100.0% | 7/9/2024 | No | Bell's Market | 52,694 |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 12.9% | 11.0% | 19,900,000 | As Is | 5/24/2024 | 57.8% | 57.8% | 90.3% | 6/1/2024 | No | Brown & Brown of Florida Inc. | 37,932 |
29 | Loan | 1 | The Park at Milestone | 9.4% | 9.0% | 17,300,000 | As Is | 3/21/2024 | 65.9% | 65.9% | 90.1% | 8/26/2024 | NAP | NAP | NAP | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 15.8% | 13.9% | 20,800,000 | As Is | Various | 53.4% | 53.4% | 77.6% | 5/31/2024 | |||
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | 7,400,000 | As Is | 6/23/2024 | 82.4% | 5/31/2024 | NAP | NAP | NAP | |||||
30.02 | Property | 1 | WoodSpring Suites Easton | 6,300,000 | As Is | 6/27/2024 | 71.8% | 5/31/2024 | NAP | NAP | NAP | |||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | 7,100,000 | As Is | 6/26/2024 | 78.6% | 5/31/2024 | NAP | NAP | NAP | |||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 13.4% | 12.0% | 15,200,000 | As Is | 4/9/2024 | 65.8% | 63.5% | 76.6% | 6/30/2024 | NAP | NAP | NAP |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 15.8% | 14.4% | 13,700,000 | Hypothetical As If Stabilized | 6/6/2024 | 65.7% | 65.7% | 76.9% | 5/31/2024 | NAP | NAP | NAP |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 14.5% | 13.4% | 14,500,000 | As Is | 3/19/2024 | 61.4% | 61.4% | 72.1% | 5/31/2024 | NAP | NAP | NAP | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 13.0% | 12.5% | 15,930,000 | As Is | 5/24/2024 | 55.2% | 55.2% | 100.0% | 7/25/2024 | Yes | The Bouldering Project | 50,400 |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 10.7% | 10.2% | 14,000,000 | As Is | 7/25/2024 | 60.4% | 60.4% | 99.5% | 8/13/2024 | No | SOLogistics | 187,905 |
36 | Loan | 1 | Storage Sense Orlando | 8.6% | 8.6% | 12,900,000 | As Is | 6/24/2024 | 65.1% | 65.1% | 93.4% | 6/30/2024 | NAP | NAP | NAP |
A-1-11 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
7 | 7 | 5 | 5 | 5, 7 | 5, 7 | 3, 4 | 22, 23 | 23 | ||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 15.8% | 14.6% | 10,000,000 | As Is | 7/19/2024 | 72.5% | 68.8% | 84.2% | 8/16/2024 | |||
37.01 | Property | 1 | Lakecrest | 5,300,000 | As Is | 7/19/2024 | 85.2% | 8/16/2024 | No | Matrix IFS | 8,125 | |||||
37.02 | Property | 1 | Southpointe | 4,700,000 | As Is | 7/19/2024 | 83.2% | 8/16/2024 | No | Choice Legal, Inc | 10,905 | |||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 9.7% | 9.7% | 10,500,000 | As Is | Various | 69.0% | 69.0% | 100.0% | 7/21/2024 | |||
38.01 | Property | 1 | 1503 Teller Avenue | 4,100,000 | As Is | 6/10/2024 | 100.0% | 7/21/2024 | NAP | NAP | NAP | |||||
38.02 | Property | 1 | 171 Herzl Street | 3,200,000 | As Is | 6/17/2024 | 100.0% | 7/21/2024 | NAP | NAP | NAP | |||||
38.03 | Property | 1 | 2822 University Avenue | 3,200,000 | As Is | 6/10/2024 | 100.0% | 7/21/2024 | NAP | NAP | NAP | |||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 8.4% | 8.3% | 9,770,000 | As Is | 6/10/2024 | 69.0% | 69.0% | 96.3% | 7/9/2024 | |||
39.01 | Property | 1 | Saucon Valley Crossing | 5,250,000 | As Is | 6/10/2024 | 93.0% | 7/9/2024 | NAP | NAP | NAP | |||||
39.02 | Property | 1 | Birch Knoll | 4,520,000 | As Is | 6/10/2024 | 98.9% | 7/9/2024 | NAP | NAP | NAP | |||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | 9.9% | 9.8% | 10,600,000 | As Is | 2/20/2024 | 62.1% | 58.7% | 95.2% | 8/12/2024 | NAP | NAP | NAP |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 10.2% | 9.8% | 10,300,000 | As Is | 4/1/2024 | 63.1% | 59.7% | 91.3% | 6/24/2024 | NAP | NAP | NAP |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 9.2% | 9.1% | 9,770,000 | As Is | 7/9/2024 | 66.5% | 66.5% | 87.5% | 8/12/2024 | No | Hazie's | 3,300 |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 15.1% | 13.7% | 10,700,000 | As Is | 7/15/2024 | 60.3% | 60.3% | 86.6% | 7/31/2024 | NAP | NAP | NAP |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 10.8% | 10.2% | 9,700,000 | As Is | 7/9/2024 | 60.3% | 60.3% | 100.0% | 8/19/2024 | No | Save A Lot | 28,630 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 15.4% | 13.1% | 9,800,000 | As Is | 5/20/2024 | 56.1% | 56.1% | 87.1% | 7/31/2024 | No | GSA IRS | 20,145 |
46 | Loan | 16 | 1 | 140-150 Access Road | 10.4% | 10.1% | 7,650,000 | As Is | 6/12/2024 | 71.9% | 71.9% | 100.0% | 7/10/2024 | No | LandAir (Covenant Logistics) | 25,458 |
47 | Loan | 1 | 824 Classon Avenue | 9.1% | 9.0% | 8,220,000 | As Is | 6/20/2024 | 63.6% | 63.6% | 100.0% | 8/21/2024 | NAP | NAP | NAP | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 14.6% | 14.5% | 12,650,000 | As Is | 4/8/2024 | 40.4% | 40.4% | 90.9% | 3/31/2024 | NAP | NAP | NAP |
49 | Loan | 10 | 1 | US Storage - Nashville | 13.3% | 13.1% | 11,760,000 | As Is | 4/9/2024 | 42.6% | 42.6% | 85.9% | 3/31/2024 | NAP | NAP | NAP |
50 | Loan | 10 | 1 | US Storage - Clarksville | 17.0% | 16.9% | 14,470,000 | As Is | 4/9/2024 | 34.6% | 34.6% | 85.1% | 3/31/2024 | NAP | NAP | NAP |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | 9.3% | 9.3% | 7,200,000 | Prospective As Stabilized | 5/20/2024 | 69.4% | 69.4% | 100.0% | 5/20/2024 | NAP | NAP | NAP |
52 | Loan | 13 | 1 | 60 Cottage Street | 8.7% | 8.6% | 6,600,000 | As Is | 5/9/2024 | 68.2% | 68.2% | 100.0% | 6/30/2024 | NAP | NAP | NAP |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 9.6% | 9.4% | 6,400,000 | As Is | 6/10/2024 | 64.1% | 64.1% | 100.0% | 7/31/2024 | No | Krishna Grocery | 1,127 |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | 9.4% | 9.3% | 6,500,000 | As Is | 4/18/2024 | 60.0% | 60.0% | 100.0% | 7/25/2024 | NAP | NAP | NAP |
55 | Loan | 1 | Hamlet MHC | 8.9% | 8.8% | 4,600,000 | As Is | 7/9/2024 | 65.0% | 65.0% | 100.0% | 7/31/2024 | NAP | NAP | NAP |
A-1-12 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 23 | 23 | 23 | 23 | |||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | |||||||||||
1.01 | Property | 1 | The Arcadian | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | 1 | The Charleston | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.03 | Property | 1 | The Arlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 47.7% | 3/31/2026 | Sumitomo Mitsui Banking Corporation | 315,671 | 16.8% | 6/30/2037 | M&T Bank | 92,658 | 4.9% | 11/30/2033 | Visa USA Inc |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | |||||||||||
3.01 | Property | 1 | 201 Merrimack Street | 100.0% | 8/24/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.02 | Property | 1 | 117 Water Street | 100.0% | 8/24/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 17.9% | 1/31/2026 | Forever 21 | 81,772 | 15.1% | 12/31/2026 | Foot Locker | 18,376 | 3.4% | 4/30/2032 | H&M |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 100.0% | 8/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | |||||||||||
8.01 | Property | 1 | 200 Sidney | 63.6% | 7/31/2028 | Seres Therapeutics, Inc. | 68,636 | 36.4% | 1/13/2030 | NAP | NAP | NAP | NAP | NAP | |
8.02 | Property | 1 | Lincoln Centre | 100.0% | 1/15/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.03 | Property | 1 | 40 Erie Street | 61.3% | 9/30/2026 | BioNTech US Inc. | 26,806 | 25.1% | 9/30/2028 | Gritstone Bio, Inc. | 13,907 | 13.0% | 4/30/2025 | Make Life Sweeter, LLC | |
8.04 | Property | 1 | 4570 Executive Drive | 39.8% | 6/22/2025 | Human Longevity, Inc. | 48,049 | 38.3% | 9/12/2025 | International AIDS Vaccine Initiative, Inc. | 17,006 | 13.5% | 8/20/2026 | NAP | |
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | 48.4% | 12/31/2029 | Biosplice Therapeutics, Inc. | 25,391 | 17.2% | 11/24/2030 | NAP | NAP | NAP | NAP | NAP | |
8.06 | Property | 1 | 21 Erie Street | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.07 | Property | 1 | 47 Erie Street Parking Structure | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.08 | Property | 1 | Eastgate Mall | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 14.8% | 12/31/2040 | AMC Theatres | 94,560 | 8.6% | 9/30/2028 | Dick's Sporting Goods | 77,411 | 7.1% | 1/31/2027 | Kidzania |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 8.8% | 1/31/2034 | Lytal Reiter Smith Ivey & Fronrath LLP | 18,835 | 6.4% | 3/31/2027 | Wicker Smith O'Hara McCoy & Ford P.A. | 17,010 | 5.8% | 4/30/2030 | GSA (U.S. Secret Service) |
11 | Loan | 3 | 1 | Patriot Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | |||||||||||
12.01 | Property | 1 | Queen's Grant | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12.02 | Property | 1 | Arrowood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1 | Oak Ridge City Center | 21.3% | 6/30/2026 | Dick's Sporting Goods | 35,000 | 12.2% | 1/31/2028 | TJ Maxx | 22,477 | 7.8% | 8/31/2027 | Ross Dress for Less | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 20.5% | 10/14/2033 | BJ's Wholesale Club | 130,099 | 14.2% | 8/2/2029 | Home Depot | 124,955 | 13.6% | 2/28/2034 | Food Bazaar |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 20.7% | 1/31/2040 | Nashua Hollis CVS Inc. | 11,700 | 19.5% | 1/31/2039 | Mama Ida Restaurant, LLC | 6,460 | 10.8% | 7/31/2032 | Citizens Bank, N.A. |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1 | The Palisades | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 7 | 1 | Northwoods Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | |||||||||||
22.01 | Property | 1 | FCA USA - Detroit, MI | 100.0% | 7/2/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | 100.0% | 10/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.03 | Property | 1 | Follett School - McHenry, IL | 100.0% | 12/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.04 | Property | 1 | Shaw Aero - Naples, FL | 100.0% | 12/31/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.05 | Property | 1 | Kuka - Sterling Heights, MI | 100.0% | 6/30/2034 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | 100.0% | 10/31/2033 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.07 | Property | 1 | CF Sauer - 184 Suburban | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.08 | Property | 1 | CF Sauer - 728 N Main St. | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | 100.0% | 11/30/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.10 | Property | 1 | Hannibal - Houston, TX | 100.0% | 9/30/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.11 | Property | 1 | FedEx IV - Lexington, KY | 100.0% | 4/30/2032 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.12 | Property | 1 | VersaFlex - Kansas City, KS | 100.0% | 12/31/2038 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | 100.0% | 1/31/2027 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | 100.0% | 1/17/2031 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.15 | Property | 1 | CSTK - St. Louis, MO | 100.0% | 3/25/2030 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.17 | Property | 1 | AM Castle - Wichita, KS | 100.0% | 10/31/2029 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | 100.0% | 7/31/2039 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | |||||||||||
23.01 | Property | 1 | 8705-8711 South Morgan Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.03 | Property | 1 | 8201 South Paulina Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.04 | Property | 1 | 2320 West Garfield Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.05 | Property | 1 | 7818-7820 South South Shore Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.08 | Property | 1 | 535 East 102nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.09 | Property | 1 | 6516 South Stony Island Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.10 | Property | 1 | 7770-7778 South South Shore Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.12 | Property | 1 | 7956 South Normal Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 75.0% | 4/30/2032 | LifeNet Health | 100,000 | 25.0% | 5/31/2026 | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 44.4% | 3/31/2029 | Paul's Ace Hardware | 30,646 | 27.5% | 2/28/2033 | AutoZone Parts | 6,600 | 5.9% | 5/31/2031 | Primary Care Medical |
26 | Loan | 21 | 1 | 80 White Street | 31.4% | 8/31/2029 | Click Therapeutics | 12,500 | 31.4% | 12/31/2026 | Artists Space | 8,536 | 21.5% | 7/31/2038 | Arsenal |
27 | Loan | 20 | 1 | Feasterville Plaza | 47.6% | 6/30/2031 | Altitude Trampoline Park | 30,865 | 27.9% | 5/31/2027 | Image Studios 360 | 6,000 | 5.4% | 7/18/2030 | YERE1 Restaurant, Inc |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 35.2% | 9/30/2034 | Health Career Institute, LLC dba HCI College | 23,479 | 21.8% | 8/31/2028 | Cruise One, Inc. | 15,923 | 14.8% | 4/30/2031 | Attorney's Title Fund Services, LLC |
29 | Loan | 1 | The Park at Milestone | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | |||||||||||
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.02 | Property | 1 | WoodSpring Suites Easton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30.03 | Property | 1 | WoodSpring Suites Fairfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 100.0% | 9/30/2042 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 76.9% | 10/31/2028 | Kamps | 40,000 | 16.4% | 6/30/2025 | Pallet Services Company | 10,000 | 4.1% | 8/31/2028 | Classic Toy Soldiers, Inc |
36 | Loan | 1 | Storage Sense Orlando | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-13 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
23 | 23 | 23 | 23 | 23 | |||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | |||||||||||
37.01 | Property | 1 | Lakecrest | 13.6% | 2/28/2025 | OWT Global, LLC | 5,151 | 8.6% | 11/30/2029 | Department of Juvenile Justice | 4,971 | 8.3% | 11/30/2029 | The Roskamp Institute, Inc. | |
37.02 | Property | 1 | Southpointe | 17.7% | 4/30/2028 | Think Anew | 8,298 | 13.4% | 7/31/2029 | Tri-City Electrical Contractors, Inc. | 7,293 | 11.8% | 4/30/2029 | Strayer University, Inc. | |
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | |||||||||||
38.01 | Property | 1 | 1503 Teller Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38.02 | Property | 1 | 171 Herzl Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38.03 | Property | 1 | 2822 University Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | |||||||||||
39.01 | Property | 1 | Saucon Valley Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39.02 | Property | 1 | Birch Knoll | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 60.0% | 11/30/2031 | Miette Patisserie | 2,200 | 40.0% | 1/31/2029 | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 41.0% | 6/30/2032 | Oak Street Health | 9,000 | 12.9% | 8/31/2031 | John Lee dba All About Dollar | 8,230 | 11.8% | 5/31/2034 | Rainbow Store #278 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 20.5% | 12/14/2034 | Benefits Consultants Group/Horace Mann | 19,708 | 20.0% | 8/31/2034 | GSA DHS | 10,713 | 10.9% | 11/14/2026 | Asset Based Lending |
46 | Loan | 16 | 1 | 140-150 Access Road | 72.3% | 6/29/2027 | Custom Ecology, Inc. | 9,774 | 27.7% | 3/31/2027 | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 1 | 824 Classon Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
49 | Loan | 10 | 1 | US Storage - Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 10 | 1 | US Storage - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
52 | Loan | 13 | 1 | 60 Cottage Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 28.5% | 6/30/2033 | Pizza Spot | 769 | 19.5% | 9/30/2026 | Platonic Love Vintage | 635 | 16.1% | 11/10/2028 | Chabad of Brooklyn Heights Storage |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
55 | Loan | 1 | Hamlet MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-14 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date |
23 | 23 | 17 | 17 | ||||||||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | |||||||||||||||
1.01 | Property | 1 | The Arcadian | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/9/2024 | NAP | NAP | No | Fee | NAP | |
1.02 | Property | 1 | The Charleston | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/9/2024 | NAP | NAP | No | Fee | NAP | |
1.03 | Property | 1 | The Arlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/9/2024 | NAP | NAP | No | Fee | NAP | |
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 49,236 | 2.6% | 6/30/2033 | Russell Reynolds Associates | 49,236 | 2.6% | 12/31/2026 | 5/23/2024 | NAP | 5/23/2024 | NAP | NAP | No | Fee | NAP |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | |||||||||||||||
3.01 | Property | 1 | 201 Merrimack Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/7/2024 | NAP | 8/7/2024 | NAP | NAP | No | Fee | NAP | |
3.02 | Property | 1 | 117 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/7/2024 | NAP | 8/7/2024 | NAP | NAP | No | Fee | NAP | |
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/27/2024 | NAP | 6/27/2024 | NAP | NAP | No | Leasehold | 1/30/2066 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 17,510 | 3.2% | 1/31/2032 | Victoria's Secret | 14,115 | 2.6% | 1/31/2032 | 5/20/2024 | NAP | 5/20/2024 | NAP | NAP | No | Fee | NAP |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/11/2024 | NAP | 7/11/2024 | NAP | NAP | No | Fee / Leasehold | 9/30/2123 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/16/2024 | NAP | 5/13/2024 | NAP | NAP | No | Fee | NAP |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | |||||||||||||||
8.01 | Property | 1 | 200 Sidney | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | No | Fee | NAP | |
8.02 | Property | 1 | Lincoln Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/10/2024 | NAP | 4/8/2024 | 4/8/2024 | 12% | No | Fee | NAP | |
8.03 | Property | 1 | 40 Erie Street | 606 | 0.6% | 12/4/2029 | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | No | Fee | NAP | |
8.04 | Property | 1 | 4570 Executive Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | 4/8/2024 | 10% | No | Fee | NAP | |
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | 4/8/2024 | 13% | No | Fee | NAP | |
8.06 | Property | 1 | 21 Erie Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | No | Fee | NAP | |
8.07 | Property | 1 | 47 Erie Street Parking Structure | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | NAP | NAP | No | Fee | NAP | |
8.08 | Property | 1 | Eastgate Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/8/2024 | NAP | 4/8/2024 | 4/8/2024 | 10% | No | Fee | NAP | |
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 60,000 | 5.5% | 11/30/2046 | Haverty's Furniture | 60,000 | 5.5% | 1/31/2026 | 4/15/2024 | NAP | 4/16/2024 | NAP | NAP | No | Fee | NAP |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 13,135 | 4.5% | 5/31/2035 | Focus Financial Partners | 13,135 | 4.5% | 2/28/2035 | 7/3/2024 | NAP | 7/3/2024 | NAP | NAP | Yes - AE | Fee | NAP |
11 | Loan | 3 | 1 | Patriot Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 8/27/2024 | NAP | 8/27/2024 | NAP | NAP | Yes - AE, A1-A30 | Fee | NAP |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | |||||||||||||||
12.01 | Property | 1 | Queen's Grant | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/25/2024 | NAP | 7/25/2024 | NAP | NAP | Yes - AE, A1-A30 | Fee | NAP | |
12.02 | Property | 1 | Arrowood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/25/2024 | NAP | 7/25/2024 | NAP | NAP | Yes - AE, A1-A30 | Fee | NAP | |
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/31/2024 | NAP | 5/31/2024 | NAP | NAP | Yes - AE | Fee | NAP |
14 | Loan | 1 | Oak Ridge City Center | 22,000 | 7.7% | 1/31/2032 | HomeGoods | 22,000 | 7.7% | 9/30/2031 | 5/13/2024 | NAP | 5/13/2024 | NAP | NAP | No | Fee | NAP | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 77,915 | 8.5% | 9/30/2039 | Burlington Coat Factory | 74,329 | 8.1% | 1/31/2028 | 5/1/2024 | NAP | 4/30/2024 | NAP | NAP | Yes - AE | Leasehold | 9/13/2055 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/18/2024 | NAP | 7/17/2024 | NAP | NAP | No | Fee | NAP |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 4,875 | 8.1% | 12/31/2027 | Mt. Fuji Japanese Cuisine Inc. | 3,140 | 5.2% | 8/31/2026 | 7/10/2024 | 8/13/2024 | 7/10/2024 | NAP | NAP | No | Fee | NAP |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/15/2024 | NAP | 5/15/2024 | NAP | NAP | No | Fee | NAP |
19 | Loan | 1 | The Palisades | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/31/2024 | NAP | 7/31/2024 | NAP | NAP | No | Fee | NAP | |
20 | Loan | 7 | 1 | Northwoods Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/28/2024 | NAP | 7/15/2024 | NAP | NAP | No | Fee | NAP |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/8/2024 | NAP | 7/8/2024; 7/9/2024 | NAP | NAP | No | Fee | NAP |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | |||||||||||||||
22.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/6/2024 | NAP | NAP | Yes - AE | Fee | NAP | |
22.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | Fee | NAP | |
22.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/13/2024 | NAP | NAP | No | Fee | NAP | |
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | 3/6/2024 | 13% | No | Fee | NAP | |
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/26/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/15/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/6/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/5/2024 | NAP | 3/6/2024 | NAP | NAP | No | Fee | NAP | |
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | |||||||||||||||
23.01 | Property | 1 | 8705-8711 South Morgan Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/18/2024 | NAP | 2/12/2024 | NAP | NAP | No | Fee | NAP | |
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 2/10/2024 | NAP | NAP | No | Fee | NAP | |
23.03 | Property | 1 | 8201 South Paulina Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/17/2024 | NAP | 2/8/2024 | NAP | NAP | No | Fee | NAP | |
23.04 | Property | 1 | 2320 West Garfield Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/17/2024 | NAP | 2/6/2024 | NAP | NAP | No | Fee | NAP | |
23.05 | Property | 1 | 7818-7820 South South Shore Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 2/2/2024 | NAP | NAP | No | Fee | NAP | |
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 2/1/2024 | NAP | NAP | No | Fee | NAP | |
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/17/2024 | NAP | 2/12/2024 | NAP | NAP | No | Fee | NAP | |
23.08 | Property | 1 | 535 East 102nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/18/2024 | NAP | 2/6/2024 | NAP | NAP | No | Fee | NAP | |
23.09 | Property | 1 | 6516 South Stony Island Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/16/2024 | NAP | 2/1/2024 | NAP | NAP | No | Fee | NAP | |
23.10 | Property | 1 | 7770-7778 South South Shore Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/18/2024 | NAP | 2/13/2024 | NAP | NAP | No | Fee | NAP | |
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/17/2024 | NAP | 2/8/2024 | NAP | NAP | No | Fee | NAP | |
23.12 | Property | 1 | 7956 South Normal Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/18/2024 | NAP | 2/12/2024 | NAP | NAP | No | Fee | NAP | |
24 | Loan | 19, 23 | 1 | London Bridge Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/17/2024 | NAP | 7/16/2024 | NAP | NAP | No | Fee | NAP |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 2,560 | 2.3% | 6/30/2026 | Heartland Dental | 2,110 | 1.9% | 9/30/2029 | 5/15/2024 | NAP | 5/16/2024 | NAP | NAP | No | Fee | NAP |
26 | Loan | 21 | 1 | 80 White Street | 6,250 | 15.7% | 6/30/2032 | NAP | NAP | NAP | NAP | 6/12/2024 | NAP | 6/12/2024 | NAP | NAP | No | Fee | NAP |
27 | Loan | 20 | 1 | Feasterville Plaza | 5,000 | 4.5% | 5/17/2027 | Wise Game Club | 4,000 | 3.6% | 3/14/2028 | 4/10/2024 | NAP | 4/1/2024 | NAP | NAP | No | Fee | NAP |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 11,885 | 11.0% | 12/31/2026 | Nova Southeastern University, Inc. | 6,903 | 6.4% | 8/31/2031 | 6/5/2024 | NAP | 6/5/2024 | NAP | NAP | Yes - AH | Leasehold | 1/14/2045 |
29 | Loan | 1 | The Park at Milestone | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/17/2024 | NAP | 7/17/2024 | NAP | NAP | No | Fee | NAP | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | |||||||||||||||
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/8/2024 | NAP | 7/8/2024 | NAP | NAP | No | Fee | NAP | |
30.02 | Property | 1 | WoodSpring Suites Easton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/8/2024 | NAP | 7/8/2024 | NAP | NAP | No | Fee | NAP | |
30.03 | Property | 1 | WoodSpring Suites Fairfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/8/2024 | NAP | 7/8/2024 | NAP | NAP | No | Fee | NAP | |
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/25/2024 | NAP | 4/25/2024 | NAP | NAP | No | Fee | NAP |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/17/2024 | NAP | 6/12/2024 | NAP | NAP | No | Fee | NAP |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/22/2024 | NAP | 3/22/2024 | NAP | NAP | No | Fee | NAP | |
34 | Loan | 2, 16, 19 | 1 | The Hub | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/6/2024 | NAP | 6/6/2024 | NAP | NAP | No | Fee | NAP |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 3,650 | 1.5% | 8/31/2025 | Prime Cash and Carry | 1,750 | 0.7% | 5/31/2026 | 8/13/2024 | NAP | 8/7/2024 | NAP | NAP | No | Fee | NAP |
36 | Loan | 1 | Storage Sense Orlando | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/1/2024 | NAP | 7/1/2024 | NAP | NAP | No | Fee | NAP |
A-1-15 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date | Fifth Largest Tenant | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date |
23 | 23 | 17 | 17 | ||||||||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | |||||||||||||||
37.01 | Property | 1 | Lakecrest | 4,882 | 8.2% | 11/30/2026 | AssuranceAmerica Managing Gene | 4,400 | 7.4% | 6/30/2028 | 8/5/2024 | NAP | 8/2/2024 | NAP | NAP | Yes - AE, A1-A30 | Fee | NAP | |
37.02 | Property | 1 | Southpointe | 6,319 | 10.2% | 10/31/2027 | Visiting Nurses | 3,762 | 6.1% | MTM | 8/5/2024 | NAP | 8/2/2024 | NAP | NAP | Yes - AE, A1-A30 | Fee | NAP | |
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | |||||||||||||||
38.01 | Property | 1 | 1503 Teller Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/12/2024 | NAP | 7/11/2024 | NAP | NAP | No | Fee | NAP | |
38.02 | Property | 1 | 171 Herzl Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/11/2024 | NAP | 7/15/2024 | NAP | NAP | No | Fee | NAP | |
38.03 | Property | 1 | 2822 University Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/12/2024 | NAP | 7/12/2024 | NAP | NAP | No | Fee | NAP | |
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | |||||||||||||||
39.01 | Property | 1 | Saucon Valley Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/21/2024 | 6/17/2024 | 4/11/2024 | NAP | NAP | No | Fee | NAP | |
39.02 | Property | 1 | Birch Knoll | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 6/18/2024 | NAP | 4/11/2024 | NAP | NAP | No | Fee | NAP | |
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/8/2024 | NAP | 3/8/2024 | NAP | NAP | No | Fee | NAP |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/4/2024 | NAP | 4/4/2024 | NAP | NAP | No | Fee | NAP |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/14/2024 | NAP | 5/14/2024 | 5/14/2024 | 10% | No | Fee | NAP |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/11/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 7,424 | 10.6% | 1/31/2031 | Hair Town | 6,516 | 9.3% | 12/31/2032 | 7/19/2024 | NAP | 7/19/2024 | NAP | NAP | No | Fee | NAP |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 8,265 | 8.4% | 8/31/2031 | CRRC MA Corporation | 3,371 | 3.4% | 2/28/2027 | 6/4/2024 | NAP | 6/4/2024 | NAP | NAP | No | Fee | NAP |
46 | Loan | 16 | 1 | 140-150 Access Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/10/2024 | NAP | 7/3/2024 | NAP | NAP | No | Fee | NAP |
47 | Loan | 1 | 824 Classon Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/1/2024 | NAP | 7/1/2024 | NAP | NAP | No | Fee | NAP | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/15/2024 | NAP | 4/15/2024 | NAP | NAP | No | Fee | NAP |
49 | Loan | 10 | 1 | US Storage - Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/15/2024 | NAP | 4/15/2024 | NAP | NAP | No | Fee | NAP |
50 | Loan | 10 | 1 | US Storage - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 4/15/2024 | NAP | 4/15/2024 | NAP | NAP | No | Fee | NAP |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 3/29/2024 | NAP | 3/28/2024 | NAP | NAP | No | Fee | NAP |
52 | Loan | 13 | 1 | 60 Cottage Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/22/2024 | NAP | 5/22/2024 | NAP | NAP | No | Fee | NAP |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 500 | 12.7% | 1/31/2026 | Beam Bike Joco LLC | 467 | 11.8% | 12/31/2028 | 6/25/2024 | NAP | 6/25/2024 | NAP | NAP | No | Fee | NAP |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 5/6/2024 | NAP | 5/6/2024 | NAP | NAP | No | Fee | NAP |
55 | Loan | 1 | Hamlet MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 7/19/2024 | NAP | 7/19/2024 | NAP | NAP | No | Fee | NAP |
A-1-16 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
17 | 17 | 17 | 18 | 19 | 18 | 19 | 18 | 19 | |||||
1 | Loan | 6 | 3 | Arch Portfolio | 0 | 43,413 | 230,484 | 28,810 | 800,813 | 16,938 | |||
1.01 | Property | 1 | The Arcadian | NAP | NAP | NAP | |||||||
1.02 | Property | 1 | The Charleston | NAP | NAP | NAP | |||||||
1.03 | Property | 1 | The Arlington | NAP | NAP | NAP | |||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | NAP | NAP | NAP | 6,464,476 | 3,232,238 | 0 | Springing | 13,608,000 | 0 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 74,022 | 24,674 | 264,539 | 38,391 | 0 | 2,869 | |||
3.01 | Property | 1 | 201 Merrimack Street | NAP | NAP | NAP | |||||||
3.02 | Property | 1 | 117 Water Street | NAP | NAP | NAP | |||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | None | 8% of Gross Monthly Income | No | 123,727 | 20,621 | 0 | Springing | 0 | 6,250 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | None | 0 | No | 1,180,085 | 131,121 | 76,976 | 12,829 | 0 | 5,771 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | NAP | NAP | NAP | 110,568 | 55,284 | 82,550 | 10,319 | 0 | 3,067 |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 0 | Springing | 0 | Springing | 0 | 0 | |||
8.01 | Property | 1 | 200 Sidney | NAP | NAP | NAP | |||||||
8.02 | Property | 1 | Lincoln Centre | NAP | NAP | NAP | |||||||
8.03 | Property | 1 | 40 Erie Street | NAP | NAP | NAP | |||||||
8.04 | Property | 1 | 4570 Executive Drive | NAP | NAP | NAP | |||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | NAP | NAP | NAP | |||||||
8.06 | Property | 1 | 21 Erie Street | NAP | NAP | NAP | |||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | NAP | NAP | NAP | |||||||
8.08 | Property | 1 | Eastgate Mall | NAP | NAP | NAP | |||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | NAP | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | NAP | NAP | NAP | 1,819,946 | 181,995 | 0 | Springing | 0 | 6,135 |
11 | Loan | 3 | 1 | Patriot Crossing | NAP | NAP | NAP | 169,918 | 16,992 | 139,886 | 13,989 | 0 | 7,542 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 0 | 10,231 | 21,139 | 6,868 | 0 | 1,675 | |||
12.01 | Property | 1 | Queen's Grant | NAP | NAP | NAP | |||||||
12.02 | Property | 1 | Arrowood | NAP | NAP | NAP | |||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | NAP | NAP | NAP | 411,534 | 45,726 | 262,256 | 33,546 | 100,000 | 7,021 |
14 | Loan | 1 | Oak Ridge City Center | NAP | NAP | NAP | 88,452 | 42,120 | 45,674 | 8,700 | 0 | 3,587 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 5, 10-year extension options | The greater of (i) $394,961.41 ("Adjusted Base Amount") and (ii) 5% of Gross Revenue | Yes | 0 | Springing | 0 | Springing | 0 | Springing |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | NAP | NAP | NAP | 42,749 | 14,250 | 0 | Springing | 3,125 | 3,125 |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | NAP | NAP | NAP | 0 | 65,815 | 134,936 | 11,245 | 0 | 749 |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAP | NAP | NAP | 1,732 | 577 | 11,583 | 2,413 | 0 | 604 |
19 | Loan | 1 | The Palisades | NAP | NAP | NAP | 43,830 | 8,766 | 0 | Springing | 0 | 4,000 | |
20 | Loan | 7 | 1 | Northwoods Apartments | NAP | NAP | NAP | 146,206 | 40,613 | 0 | Springing | 0 | 5,833 |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | NAP | NAP | NAP | 0 | 74,285 | 0 | Springing | 0 | 8,850 |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 376,843 | 94,211 | 0 | Springing | 0 | Springing | |||
22.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | |||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | |||||||
22.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | |||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | |||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | |||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | |||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | |||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | |||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | |||||||
22.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | |||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | |||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | |||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | |||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | |||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | |||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | |||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | |||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | |||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | |||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | |||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 42,686 | 21,343 | 39,035 | 19,518 | 0 | 5,851 | |||
23.01 | Property | 1 | 8705-8711 South Morgan Street | NAP | NAP | NAP | |||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | NAP | NAP | NAP | |||||||
23.03 | Property | 1 | 8201 South Paulina Street | NAP | NAP | NAP | |||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | NAP | NAP | NAP | |||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | NAP | NAP | NAP | |||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | NAP | NAP | NAP | |||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | NAP | NAP | NAP | |||||||
23.08 | Property | 1 | 535 East 102nd Street | NAP | NAP | NAP | |||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | NAP | NAP | NAP | |||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | NAP | NAP | NAP | |||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | NAP | NAP | NAP | |||||||
23.12 | Property | 1 | 7956 South Normal Avenue | NAP | NAP | NAP | |||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | NAP | NAP | NAP | 48,292 | 13,414 | 0 | Springing | 0 | 3,333 |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | NAP | NAP | NAP | 10,446 | 10,446 | 21,080 | 2,635 | 1,855 | 1,855 |
26 | Loan | 21 | 1 | 80 White Street | NAP | NAP | NAP | 145,414 | 36,353 | 17,112 | 5,704 | 0 | 829 |
27 | Loan | 20 | 1 | Feasterville Plaza | NAP | NAP | NAP | 0 | 25,733 | 3,936 | 3,936 | 0 | 1,383 |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 3, 10-year options; 1, 5-year option | 408,099 | Yes | 249,732 | 22,703 | 305,011 | 30,673 | 450,000 | Springing |
29 | Loan | 1 | The Park at Milestone | NAP | NAP | NAP | 254,583 | 29,951 | 52,274 | 7,468 | 0 | 5,600 | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 61,988 | 21,750 | 0 | Springing | 18,058 | 18,058 | |||
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | NAP | NAP | NAP | |||||||
30.02 | Property | 1 | WoodSpring Suites Easton | NAP | NAP | NAP | |||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | NAP | NAP | NAP | |||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | NAP | NAP | NAP | 58,753 | 11,751 | 0 | Springing | 0 | 5,726 |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | NAP | NAP | NAP | 0 | 4,635 | 9,455 | 2,364 | 0 | 10,130 |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | NAP | NAP | NAP | 53,027 | 6,313 | 26,691 | 3,177 | 0 | 8,293 | |
34 | Loan | 2, 16, 19 | 1 | The Hub | NAP | NAP | NAP | 27,003 | 4,501 | 5,767 | 1,922 | 0 | 647 |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | NAP | NAP | NAP | 34,174 | 11,391 | 2,847 | 2,847 | 290,102 | 2,038 |
36 | Loan | 1 | Storage Sense Orlando | NAP | NAP | NAP | 64,473 | 7,164 | 2,812 | 2,812 | 0 | 519 |
A-1-17 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Monthly Replacement / FF&E Reserve ($) |
17 | 17 | 17 | 18 | 19 | 18 | 19 | 18 | 19 | |||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 179,896 | 16,354 | 118,106 | 23,621 | 0 | 2,025 | |||
37.01 | Property | 1 | Lakecrest | NAP | NAP | NAP | |||||||
37.02 | Property | 1 | Southpointe | NAP | NAP | NAP | |||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 8,696 | 2,070 | 6,731 | 2,137 | 0 | 433 | |||
38.01 | Property | 1 | 1503 Teller Avenue | NAP | NAP | NAP | |||||||
38.02 | Property | 1 | 171 Herzl Street | NAP | NAP | NAP | |||||||
38.03 | Property | 1 | 2822 University Avenue | NAP | NAP | NAP | |||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 21,073 | 5,268 | 867 | 867 | 0 | 675 | |||
39.01 | Property | 1 | Saucon Valley Crossing | NAP | NAP | NAP | |||||||
39.02 | Property | 1 | Birch Knoll | NAP | NAP | NAP | |||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAP | NAP | NAP | 750 | 179 | 3,304 | 1,049 | 0 | 350 |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | NAP | NAP | NAP | 71,107 | 23,702 | 26,273 | 6,568 | 0 | 2,133 |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | NAP | NAP | NAP | 14,493 | 3,623 | 8,611 | 4,305 | 0 | 333 |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | NAP | NAP | NAP | 71,786 | 11,964 | 48,229 | 4,823 | 7,789 | 7,789 |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | NAP | NAP | NAP | 65,406 | 10,901 | 131,639 | 10,592 | 50,000 | 1,163 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | NAP | NAP | NAP | 24,112 | 24,112 | 0 | Springing | 0 | 1,640 |
46 | Loan | 16 | 1 | 140-150 Access Road | NAP | NAP | NAP | 95,267 | 10,585 | 8,994 | 4,497 | 0 | 928 |
47 | Loan | 1 | 824 Classon Avenue | NAP | NAP | NAP | 8,899 | 2,119 | 2,718 | 1,294 | 0 | 208 | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | NAP | NAP | NAP | 95,935 | 11,992 | 36,698 | 2,953 | 589 | 589 |
49 | Loan | 10 | 1 | US Storage - Nashville | NAP | NAP | NAP | 47,828 | 9,566 | 34,527 | 2,778 | 656 | 656 |
50 | Loan | 10 | 1 | US Storage - Clarksville | NAP | NAP | NAP | 23,635 | 4,727 | 32,123 | 2,585 | 638 | 638 |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAP | NAP | NAP | 15,292 | 7,282 | 3,398 | 1,079 | 0 | 300 |
52 | Loan | 13 | 1 | 60 Cottage Street | NAP | NAP | NAP | 14,871 | 7,081 | 2,270 | 1,081 | 0 | 350 |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | NAP | NAP | NAP | 6,489 | 3,245 | 9,398 | 1,044 | 0 | 212 |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAP | NAP | NAP | 9,923 | 4,962 | 4,956 | 916 | 0 | 208 |
55 | Loan | 1 | Hamlet MHC | NAP | NAP | NAP | 675 | 675 | 1,129 | 565 | 342,333 | 333 |
A-1-18 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Monthly Other Reserve ($) |
20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
1 | Loan | 6 | 3 | Arch Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 445,500 | 0 | 0 |
1.01 | Property | 1 | The Arcadian | |||||||||||
1.02 | Property | 1 | The Charleston | |||||||||||
1.03 | Property | 1 | The Arlington | |||||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 0 | 180,000,000 | Springing | 0 | 20,000,000 | 1,250,000 | 53,305,208 | 0 | 41,953,099 | 0 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 34,641 | 15,000,000 | 0 |
3.01 | Property | 1 | 201 Merrimack Street | |||||||||||
3.02 | Property | 1 | 117 Water Street | |||||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,217 | Springing |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 270,493 | 0 | Springing | 1,081,972 | 0 | 0 | 0 | 0 | 0 | Springing |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,625 | 0 | Springing |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 0 | 1,000,000 | 7,668 | 0 | 0 | 0 | 0 | 0 | 1,641,090 | Springing |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 0 | 0 | Springing | An amount equal to twelve (12) multiplied by the Rollover Reserve Monthly Deposit. | 0 | 0 | 0 | 0 | 3,569,740 | 0 |
8.01 | Property | 1 | 200 Sidney | |||||||||||
8.02 | Property | 1 | Lincoln Centre | |||||||||||
8.03 | Property | 1 | 40 Erie Street | |||||||||||
8.04 | Property | 1 | 4570 Executive Drive | |||||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | |||||||||||
8.06 | Property | 1 | 21 Erie Street | |||||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | |||||||||||
8.08 | Property | 1 | Eastgate Mall | |||||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 438,752 | 0 | 91,407 | 2,193,760 | 0 | 0 | 0 | 0 | 12,477,527 | 0 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 0 | 3,000,000 | 24,541 | 0 | 0 | 0 | 0 | 0 | 5,435,972 | 0 |
11 | Loan | 3 | 1 | Patriot Crossing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 199,576 | 0 | 0 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,000 | 0 | 0 |
12.01 | Property | 1 | Queen's Grant | |||||||||||
12.02 | Property | 1 | Arrowood | |||||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56,313 | 0 | 0 |
14 | Loan | 1 | Oak Ridge City Center | 0 | 300,000 | 10,762 | 0 | 0 | 0 | 0 | 125,325 | 0 | 0 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 547,400 | 874,981 | Springing | 1,696,118 | 0 | 0 | 0 | 0 | 9,000,000 | Springing |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 0 | 0 | 4,992 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,535,120 | 0 |
19 | Loan | 1 | The Palisades | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,500 | 0 | 0 | |
20 | Loan | 7 | 1 | Northwoods Apartments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,750 | 78,750 | 0 |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 318,600 | 0 | 0 | 0 | 0 | 0 | 0 | 30,924 | 48,167 | Springing |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 1,634,412 | 0 |
22.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | |||||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | |||||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | |||||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 218,750 | 0 | 0 |
23.01 | Property | 1 | 8705-8711 South Morgan Street | |||||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | |||||||||||
23.03 | Property | 1 | 8201 South Paulina Street | |||||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | |||||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | |||||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | |||||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | |||||||||||
23.08 | Property | 1 | 535 East 102nd Street | |||||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | |||||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | |||||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | |||||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | |||||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 0 | 0 | 5,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 0 | 800,000 | Springing | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 |
26 | Loan | 21 | 1 | 80 White Street | 0 | 200,000 | 1,658 | 0 | 0 | 0 | 0 | 0 | 104,167 | 0 |
27 | Loan | 20 | 1 | Feasterville Plaza | 0 | 0 | 4,609 | 0 | 0 | 0 | 0 | 99,841 | 0 | 0 |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 100,000 | 14,296 | 14,296 | 0 | 0 | 0 | 0 | 0 | 859,379 | Springing |
29 | Loan | 1 | The Park at Milestone | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 334,362 | 134,771 | Springing |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | |||||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | |||||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | |||||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,750 | 21,000 | 0 |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 785,000 | Springing |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 0 | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 0 | 0 | 5,094 | 0 | 0 | 0 | 0 | 5,980 | 0 | 0 |
36 | Loan | 1 | Storage Sense Orlando | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,688 | 0 | 0 |
A-1-19 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Monthly Other Reserve ($) |
20 | 18 | 19 | 20 | 18 | 19 | 20 | 18 | 18 | 19 | |||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 0 | 575,000 | Springing | 825,000 | 0 | 0 | 0 | 12,500 | 26,139 | 0 |
37.01 | Property | 1 | Lakecrest | |||||||||||
37.02 | Property | 1 | Southpointe | |||||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
38.01 | Property | 1 | 1503 Teller Avenue | |||||||||||
38.02 | Property | 1 | 171 Herzl Street | |||||||||||
38.03 | Property | 1 | 2822 University Avenue | |||||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,625 | 1,084,000 | 0 |
39.01 | Property | 1 | Saucon Valley Crossing | |||||||||||
39.02 | Property | 1 | Birch Knoll | |||||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | 0 | 0 | 0 | 0 | 71,591 | 0 | 0 | 0 | 791,000 | 0 |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 118,250 | 103,851 | 0 |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 8,000 | 0 | Springing | 11,000 | 0 | 0 | 0 | 0 | 0 | 0 |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 0 | 250,000 | Springing | 250,000 | 0 | 0 | 0 | 105,688 | 13,097 | 0 |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 0 | 200,000 | 10,248 | 450,000 | 0 | 0 | 0 | 0 | 460,636 | 0 |
46 | Loan | 16 | 1 | 140-150 Access Road | 0 | 0 | 587 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
47 | Loan | 1 | 824 Classon Avenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 21,213 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
49 | Loan | 10 | 1 | US Storage - Nashville | 23,598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
50 | Loan | 10 | 1 | US Storage - Clarksville | 22,977 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | 0 | 0 | 0 | 0 | 117,358 | 0 | 0 | 0 | 0 | 0 |
52 | Loan | 13 | 1 | 60 Cottage Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,188 | 0 | 0 |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 0 | 0 | 350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,750 | 0 | 0 |
55 | Loan | 1 | Hamlet MHC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-20 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description |
1 | Loan | 6 | 3 | Arch Portfolio | |
1.01 | Property | 1 | The Arcadian | ||
1.02 | Property | 1 | The Charleston | ||
1.03 | Property | 1 | The Arlington | ||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | Outstanding TI/LC and Free Rent Reserve |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | Planned Renovations Reserve |
3.01 | Property | 1 | 201 Merrimack Street | ||
3.02 | Property | 1 | 117 Water Street | ||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | Ground Rent Reserve |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | Anchor Tenant Reserve |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | PHFC Payments Reserve |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | Rent Reserve |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | Unfunded Obligations Reserve |
8.01 | Property | 1 | 200 Sidney | ||
8.02 | Property | 1 | Lincoln Centre | ||
8.03 | Property | 1 | 40 Erie Street | ||
8.04 | Property | 1 | 4570 Executive Drive | ||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | ||
8.06 | Property | 1 | 21 Erie Street | ||
8.07 | Property | 1 | 47 Erie Street Parking Structure | ||
8.08 | Property | 1 | Eastgate Mall | ||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | Rollover Reserve ($11,720,606), Gap Rent Reserve ($756,921) |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | Outstanding TI/LC Reserve ($2,379,904.79), Free Rent Reserve ($1,453,178.59), Gap Rent Reserve ($1,169,335.99), Cash Out Reserve ($433,552.88) |
11 | Loan | 3 | 1 | Patriot Crossing | |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | |
12.01 | Property | 1 | Queen's Grant | ||
12.02 | Property | 1 | Arrowood | ||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | |
14 | Loan | 1 | Oak Ridge City Center | ||
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | DMV Space Reserve (Upfront: $9,000,000), Ground Rent Reserve (Monthly: Springing) |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | Major Tenant Reserve, Low DSCR Reserve |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | Air Rights Reserve ($1,035,120), Rent Reserve ($500,000) |
19 | Loan | 1 | The Palisades | ||
20 | Loan | 7 | 1 | Northwoods Apartments | Radon Mitigation Reserve |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | Force Place Insurance Reserve (Upfront: $48,167.25), Lease Sweep Reserve (Monthly: Springing) |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 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) |
22.01 | Property | 1 | FCA USA - Detroit, MI | ||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||
22.03 | Property | 1 | Follett School - McHenry, IL | ||
22.04 | Property | 1 | Shaw Aero - Naples, FL | ||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | ||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||
22.07 | Property | 1 | CF Sauer - 184 Suburban | ||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | ||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||
22.10 | Property | 1 | Hannibal - Houston, TX | ||
22.11 | Property | 1 | FedEx IV - Lexington, KY | ||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | ||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||
22.15 | Property | 1 | CSTK - St. Louis, MO | ||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||
22.17 | Property | 1 | AM Castle - Wichita, KS | ||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | |
23.01 | Property | 1 | 8705-8711 South Morgan Street | ||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | ||
23.03 | Property | 1 | 8201 South Paulina Street | ||
23.04 | Property | 1 | 2320 West Garfield Boulevard | ||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | ||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | ||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | ||
23.08 | Property | 1 | 535 East 102nd Street | ||
23.09 | Property | 1 | 6516 South Stony Island Avenue | ||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | ||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | ||
23.12 | Property | 1 | 7956 South Normal Avenue | ||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | |
26 | Loan | 21 | 1 | 80 White Street | Rent Abatement Reserve |
27 | Loan | 20 | 1 | Feasterville Plaza | |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | Brown & Brown Rent Reserve (Upfront: $125,369.41), Nova Rent Reserve (Upfront: $53,210.65), Brown & Brown TI Reserve (Upfront: $445,972.00), Cruise One TI Reserve (Upfront: $16,621.89), Crown Retail Sublease Reserve (Upfront: $111,079.00), Ground Rent Reserve (Upfront: $107,126.00; Monthly: Springing) |
29 | Loan | 1 | The Park at Milestone | ||
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | Excess Tax Reserve (Upfront: $134,771), Required Future PIP Renovations (Monthly: Springing) |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | ||
30.02 | Property | 1 | WoodSpring Suites Easton | ||
30.03 | Property | 1 | WoodSpring Suites Fairfield | ||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | PIP Reserve |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | PIP Reserve (Upfront: $750,000; Monthly: Springing), Seasonality Reserve (Upfront: $35,000; Monthly: Springing) |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | ||
34 | Loan | 2, 16, 19 | 1 | The Hub | |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | |
36 | Loan | 1 | Storage Sense Orlando |
A-1-21 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description |
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | Outstanding TI/LC Reserve ($21,335.61), Free Rent Reserve ($4,803.34) |
37.01 | Property | 1 | Lakecrest | ||
37.02 | Property | 1 | Southpointe | ||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | |
38.01 | Property | 1 | 1503 Teller Avenue | ||
38.02 | Property | 1 | 171 Herzl Street | ||
38.03 | Property | 1 | 2822 University Avenue | ||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | Holdback Reserve |
39.01 | Property | 1 | Saucon Valley Crossing | ||
39.02 | Property | 1 | Birch Knoll | ||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | Section 421-a Reserve |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | Major Lease Reserve |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | Required Future PIP Renovations |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | Rent Concession Reserve |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | Asset Based Lending Reserve |
46 | Loan | 16 | 1 | 140-150 Access Road | |
47 | Loan | 1 | 824 Classon Avenue | ||
48 | Loan | 10 | 1 | US Storage - Delray Beach | |
49 | Loan | 10 | 1 | US Storage - Nashville | |
50 | Loan | 10 | 1 | US Storage - Clarksville | |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | |
52 | Loan | 13 | 1 | 60 Cottage Street | |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | |
55 | Loan | 1 | Hamlet MHC |
A-1-22 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) |
20 | 26 | |||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
1.01 | Property | 1 | The Arcadian | |||||||||
1.02 | Property | 1 | The Charleston | |||||||||
1.03 | Property | 1 | The Arlington | |||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 0 | NAP | NAP | Hard | In Place | Yes | No | Yes |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
3.01 | Property | 1 | 201 Merrimack Street | |||||||||
3.02 | Property | 1 | 117 Water Street | |||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 0 | NAP | NAP | Soft | Springing | Yes | No | No |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 0 | NAP | NAP | Hard | Springing | Yes | No | Yes |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 0 | NAP | NAP | Soft | Springing | Yes | No | No |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 0 | NAP | NAP | Hard | Springing | Yes | No | Yes |
8.01 | Property | 1 | 200 Sidney | |||||||||
8.02 | Property | 1 | Lincoln Centre | |||||||||
8.03 | Property | 1 | 40 Erie Street | |||||||||
8.04 | Property | 1 | 4570 Executive Drive | |||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | |||||||||
8.06 | Property | 1 | 21 Erie Street | |||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | |||||||||
8.08 | Property | 1 | Eastgate Mall | |||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 0 | NAP | NAP | Hard | Springing | Yes | Yes | Yes |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 0 | NAP | NAP | Hard | Springing | Yes | No | Yes |
11 | Loan | 3 | 1 | Patriot Crossing | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
12.01 | Property | 1 | Queen's Grant | |||||||||
12.02 | Property | 1 | Arrowood | |||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 0 | NAP | NAP | Soft | Springing | Yes | No | Yes |
14 | Loan | 1 | Oak Ridge City Center | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 0 | NAP | NAP | Hard | Springing | Yes | No | Yes |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
19 | Loan | 1 | The Palisades | 0 | NAP | NAP | Soft | Springing | Yes | No | No | |
20 | Loan | 7 | 1 | Northwoods Apartments | 0 | NAP | NAP | Springing | Springing | Yes | No | Yes |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | 0 | NAP | NAP | Hard | Springing | Yes | No | Yes |
22.01 | Property | 1 | FCA USA - Detroit, MI | |||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | |||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | |||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | |||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | |||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | |||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | |||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | |||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | |||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | |||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | |||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | |||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | |||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | |||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | |||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | |||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | |||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | |||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | |||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | |||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
23.01 | Property | 1 | 8705-8711 South Morgan Street | |||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | |||||||||
23.03 | Property | 1 | 8201 South Paulina Street | |||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | |||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | |||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | |||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | |||||||||
23.08 | Property | 1 | 535 East 102nd Street | |||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | |||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | |||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | |||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | |||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
26 | Loan | 21 | 1 | 80 White Street | 0 | NAP | NAP | Hard | In Place | Yes | Yes | No |
27 | Loan | 20 | 1 | Feasterville Plaza | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | 0 | NAP | NAP | Soft | Springing | Yes | Yes | No |
29 | Loan | 1 | The Park at Milestone | 0 | NAP | NAP | Springing | Springing | Yes | No | No | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | 0 | NAP | NAP | Hard | Springing | Yes | No | No |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | |||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | |||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | |||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 0 | NAP | NAP | Hard | Springing | Yes | No | No |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 0 | NAP | NAP | Springing | Springing | Yes | No | No | |
34 | Loan | 2, 16, 19 | 1 | The Hub | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
36 | Loan | 1 | Storage Sense Orlando | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
A-1-23 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) |
20 | 26 | |||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
37.01 | Property | 1 | Lakecrest | |||||||||
37.02 | Property | 1 | Southpointe | |||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
38.01 | Property | 1 | 1503 Teller Avenue | |||||||||
38.02 | Property | 1 | 171 Herzl Street | |||||||||
38.03 | Property | 1 | 2822 University Avenue | |||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | 0 | 1,084,000 | $1,084,000 deposited into the Performance Holdback Reserve to be distributed to the borrower upon certain conditions in the loan agreement | Springing | Springing | Yes | No | No |
39.01 | Property | 1 | Saucon Valley Crossing | |||||||||
39.02 | Property | 1 | Birch Knoll | |||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | 0 | NAP | NAP | Soft | Springing | Yes | No | No |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 0 | NAP | NAP | Hard | Springing | Yes | No | No |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | 0 | NAP | NAP | Springing | Springing | Yes | Yes | No |
46 | Loan | 16 | 1 | 140-150 Access Road | 0 | NAP | NAP | Hard | Springing | Yes | Yes | No |
47 | Loan | 1 | 824 Classon Avenue | 0 | NAP | NAP | Springing | Springing | Yes | No | No | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | 0 | NAP | NAP | None | None | No | No | No |
49 | Loan | 10 | 1 | US Storage - Nashville | 0 | NAP | NAP | None | None | No | No | No |
50 | Loan | 10 | 1 | US Storage - Clarksville | 0 | NAP | NAP | None | None | No | No | No |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
52 | Loan | 13 | 1 | 60 Cottage Street | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | 0 | NAP | NAP | Springing | Springing | Yes | No | No |
55 | Loan | 1 | Hamlet MHC | 0 | NAP | NAP | Soft | Springing | Yes | No | No |
A-1-24 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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($) |
9 | 9 | 9 | 14 | ||||||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.01 | Property | 1 | The Arcadian | ||||||||||||||
1.02 | Property | 1 | The Charleston | ||||||||||||||
1.03 | Property | 1 | The Arlington | ||||||||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | No | 70,000,000 | 450,000,000 | 2,665,260.42 | 3,079,856.48 | 230,000,000 | 7.01000% | 750,000,000 | 4,442,100.69 | 42.7% | 1.89 | 13.5% | NAP |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | 1 | 201 Merrimack Street | ||||||||||||||
3.02 | Property | 1 | 117 Water Street | ||||||||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | No | 60,959,705 | 158,894,968 | 1,038,256.20 | 1,436,580.91 | NAP | NAP | 219,854,672 | 1,436,580.91 | 56.0% | 1.72 | 13.7% | NAP |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | No | 30,000,000 | 519,894,737 | 2,410,498.33 | 2,549,593.70 | 166,842,106 | 7.23928517798977% | 716,736,843 | 3,570,087.72 | 65.3% | 1.67 | 10.1% | NAP |
8.01 | Property | 1 | 200 Sidney | ||||||||||||||
8.02 | Property | 1 | Lincoln Centre | ||||||||||||||
8.03 | Property | 1 | 40 Erie Street | ||||||||||||||
8.04 | Property | 1 | 4570 Executive Drive | ||||||||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | ||||||||||||||
8.06 | Property | 1 | 21 Erie Street | ||||||||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | ||||||||||||||
8.08 | Property | 1 | Eastgate Mall | ||||||||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | No | 30,000,000 | 225,000,000 | 1,330,539.06 | 1,507,944.27 | NAP | NAP | 255,000,000 | 1,507,944.27 | 42.1% | 2.30 | 16.8% | NAP |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | No | 30,000,000 | 66,000,000 | 385,049.65 | 560,072.22 | NAP | NAP | 96,000,000 | 560,072.22 | 60.6% | 1.55 | 11.3% | NAP |
11 | Loan | 3 | 1 | Patriot Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Queen's Grant | ||||||||||||||
12.02 | Property | 1 | Arrowood | ||||||||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | Yes | 25,000,000 | 25,400,000 | 139,472.75 | 276,749.08 | NAP | NAP | 50,400,000 | 276,749.08 | 58.5% | 1.30 | 8.7% | NAP |
14 | Loan | 1 | Oak Ridge City Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | No | 24,578,947 | 215,421,053 | 942,998.18 | 1,050,591.67 | 140,000,000 | 9.20000% | 380,000,000 | 2,138,832.41 | 68.5% | 1.07 | 7.5% | NAP |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1 | The Palisades | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 7 | 1 | Northwoods Apartments | Yes | 20,782,000 | 14,000,000 | 73,337.96 | 182,202.93 | NAP | NAP | 34,782,000 | 182,202.93 | 66.9% | 1.35 | 8.7% | NAP |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | No | 17,400,000 | 219,600,000 | 1,065,751.33 | 1,150,196.11 | NAP | NAP | 237,000,000 | 1,150,196.11 | 53.8% | 2.12 | 12.6% | NAP |
22.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | 1 | 8705-8711 South Morgan Street | ||||||||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | ||||||||||||||
23.03 | Property | 1 | 8201 South Paulina Street | ||||||||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | ||||||||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | ||||||||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | ||||||||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | ||||||||||||||
23.08 | Property | 1 | 535 East 102nd Street | ||||||||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | ||||||||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | ||||||||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | ||||||||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | ||||||||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21 | 1 | 80 White Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 20 | 1 | Feasterville Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 1 | The Park at Milestone | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | ||||||||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | ||||||||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | ||||||||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
34 | Loan | 2, 16, 19 | 1 | The Hub | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | Storage Sense Orlando | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-25 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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($) |
9 | 9 | 9 | 14 | ||||||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37.01 | Property | 1 | Lakecrest | ||||||||||||||
37.02 | Property | 1 | Southpointe | ||||||||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.01 | Property | 1 | 1503 Teller Avenue | ||||||||||||||
38.02 | Property | 1 | 171 Herzl Street | ||||||||||||||
38.03 | Property | 1 | 2822 University Avenue | ||||||||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39.01 | Property | 1 | Saucon Valley Crossing | ||||||||||||||
39.02 | Property | 1 | Birch Knoll | ||||||||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 16 | 1 | 140-150 Access Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 1 | 824 Classon Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
49 | Loan | 10 | 1 | US Storage - Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 10 | 1 | US Storage - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
52 | Loan | 13 | 1 | 60 Cottage Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
55 | Loan | 1 | Hamlet MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-26 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
9 | 14 | 13 | 13 | ||||||||||
1 | Loan | 6 | 3 | Arch Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jacques Schmidt and Abraham Weber |
1.01 | Property | 1 | The Arcadian | ||||||||||
1.02 | Property | 1 | The Charleston | ||||||||||
1.03 | Property | 1 | The Arlington | ||||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Stahl Organization |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Joseph Faro and Salvatore Lupoli |
3.01 | Property | 1 | 201 Merrimack Street | ||||||||||
3.02 | Property | 1 | 117 Water Street | ||||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Lurin Advisors, LLC |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Brookfield Properties Retail Holding LLC and SMRF Baybrook Investor Member LLC |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Adam Daneshgar and George Daneshgar |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | MCB 2024 Lender LLC |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan | BioMed Realty, L.P. |
8.01 | Property | 1 | 200 Sidney | ||||||||||
8.02 | Property | 1 | Lincoln Centre | ||||||||||
8.03 | Property | 1 | 40 Erie Street | ||||||||||
8.04 | Property | 1 | 4570 Executive Drive | ||||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | ||||||||||
8.06 | Property | 1 | 21 Erie Street | ||||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | ||||||||||
8.08 | Property | 1 | Eastgate Mall | ||||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | GGP/Homart II L.L.C., Brookfield Properties Retail Holding LLC and New York State Common Retirement Fund |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | C-III Capital Partners, Vanderbilt Office Properties, and Trinity Capital Advisors |
11 | Loan | 3 | 1 | Patriot Crossing | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Adam Brandon Denton, Thomas J. Floyd and Joseph Mitchell Collins |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Bradley R. Hill, Robert Spencer Engler-Coldren, Thomas Niederkofler and Michael A. Cirillo |
12.01 | Property | 1 | Queen's Grant | ||||||||||
12.02 | Property | 1 | Arrowood | ||||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jakub Hejl |
14 | Loan | 1 | Oak Ridge City Center | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Philip J. Wilson and W. Neil Wilson | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | The Related Companies, L.P. |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | David M. Flaherty |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Joshua Goldberg |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Hershy Silberstein and Solomon Kleinman |
19 | Loan | 1 | The Palisades | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Michael Silberman, William Roos and BAMCAP Partners IV LP | |
20 | Loan | 7 | 1 | Northwoods Apartments | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Mathias Deutsch, Joshua Braun and Isiodore Bleier |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Samuel Okner, Atied Associates, LLC and Okner Family Real Estate Trust |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Global Net Lease Operating Partnership, L.P. |
22.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Shaya Wurzberger |
23.01 | Property | 1 | 8705-8711 South Morgan Street | ||||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | ||||||||||
23.03 | Property | 1 | 8201 South Paulina Street | ||||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | ||||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | ||||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | ||||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | ||||||||||
23.08 | Property | 1 | 535 East 102nd Street | ||||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | ||||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | ||||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | ||||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | ||||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Michael Haas and Adrian Hass |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Anthony Grosso and Christopher Palermo |
26 | Loan | 21 | 1 | 80 White Street | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Behrooz Hedvat, Leon Hedvat and Faramarz Hedvat |
27 | Loan | 20 | 1 | Feasterville Plaza | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Nandish Patel |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | James E. Goldstein, Anders U. Schroeder and Midgard Group Inc. |
29 | Loan | 1 | The Park at Milestone | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Reuven Oded | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | P. Carter Rise |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | ||||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | ||||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | ||||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Harsharan Ghoman and Balwinder Kang |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Rajesh K. Badam and Sridhar Challa |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | David G. Chandler | |
34 | Loan | 2, 16, 19 | 1 | The Hub | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Michael Bronska and Bradley M. Hall |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Jeremiah Boucher |
36 | Loan | 1 | Storage Sense Orlando | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Lawrence Charles Kaplan, George Thacker and Richard Schontz |
A-1-27 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 |
9 | 14 | 13 | 13 | ||||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Sebastian Barbagallo |
37.01 | Property | 1 | Lakecrest | ||||||||||
37.02 | Property | 1 | Southpointe | ||||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan | Joel Retek |
38.01 | Property | 1 | 1503 Teller Avenue | ||||||||||
38.02 | Property | 1 | 171 Herzl Street | ||||||||||
38.03 | Property | 1 | 2822 University Avenue | ||||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Christian Cronin and Mark Matan |
39.01 | Property | 1 | Saucon Valley Crossing | ||||||||||
39.02 | Property | 1 | Birch Knoll | ||||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan | Andrea Gjini |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Eric Korchia |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Garrett Brasseaux, Chris Baker and Jonah Aelyon |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | David Kaye, Asaf Fligelman and Jaime Gitler |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert Gassel |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | TEI, LLC |
46 | Loan | 16 | 1 | 140-150 Access Road | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Robert Kaplain, Mitchell Kaplain, Kyle Friedland and Jeffrey Davis |
47 | Loan | 1 | 824 Classon Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Abraham Waldman | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | DJH Holdings, LLC |
49 | Loan | 10 | 1 | US Storage - Nashville | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | DJH Holdings, LLC |
50 | Loan | 10 | 1 | US Storage - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | DJH Holdings, LLC |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Armin Jadadic |
52 | Loan | 13 | 1 | 60 Cottage Street | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Future Mezzanine Loan | Onkar Singh |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Yosef Eliav |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Nathan Retek |
55 | Loan | 1 | Hamlet MHC | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | Rohun Khanna and Eddie Baurer |
A-1-28 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) |
24 | 29 | |||||||||
1 | Loan | 6 | 3 | Arch Portfolio | Jacques Schmidt and Abraham Weber | No | No | Refinance | 74,162,000 | |
1.01 | Property | 1 | The Arcadian | No | ||||||
1.02 | Property | 1 | The Charleston | No | ||||||
1.03 | Property | 1 | The Arlington | No | ||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | NAP | No | No | Refinance | No | 520,000,000 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | Joseph Faro and Salvatore Lupoli | No | No | Refinance | 62,500,000 | |
3.01 | Property | 1 | 201 Merrimack Street | Yes | ||||||
3.02 | Property | 1 | 117 Water Street | No | ||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | Lurin Advisors, LLC | No | No | Refinance | No | 61,000,000 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | BPR Nimbus LLC | No | No | Refinance | No | 220,000,000 |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | Adam Daneshgar and George Daneshgar | No | Yes | Refinance | No | 60,000,000 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | MCB 2024 Lender LLC | No | No | Acquisition | No | 42,000,000 |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | BRE Edison L.P. | No | No | Refinance | 549,894,737 | |
8.01 | Property | 1 | 200 Sidney | No | ||||||
8.02 | Property | 1 | Lincoln Centre | No | ||||||
8.03 | Property | 1 | 40 Erie Street | No | ||||||
8.04 | Property | 1 | 4570 Executive Drive | No | ||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | No | ||||||
8.06 | Property | 1 | 21 Erie Street | No | ||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | No | ||||||
8.08 | Property | 1 | Eastgate Mall | No | ||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | GGP/Homart II L.L.C. | No | No | Refinance | No | 255,000,000 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | C-III Recovery Fund III Tier Holdings LLC, Vanderbilt Partners LLC, JBC Office, LLC (f/k/a CA Office, LLC), C. Walker Collier III, Jeff Sheehan, Gary Chesson and Peter J. Conway | No | No | Refinance | No | 96,000,000 |
11 | Loan | 3 | 1 | Patriot Crossing | Adam Brandon Denton, Thomas J. Floyd and Joseph Mitchell Collins | No | No | Refinance | No | 29,800,000 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | Bradley R. Hill, Robert Spencer Engler-Coldren, Thomas Niederkofler and Michael A. Cirillo | No | No | Refinance | 29,700,000 | |
12.01 | Property | 1 | Queen's Grant | No | ||||||
12.02 | Property | 1 | Arrowood | No | ||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | Jakub Hejl | No | No | Refinance | No | 50,400,000 |
14 | Loan | 1 | Oak Ridge City Center | Philip J. Wilson and W. Neil Wilson | No | No | Refinance | No | 25,000,000 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | The Related Companies, L.P. | No | No | Refinance | No | 240,000,000 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | David M. Flaherty | No | No | Refinance | No | |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | Joshua Goldberg | No | No | Refinance | No | |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | Hershy Silberstein and Solomon Kleinman | No | No | Refinance | No | |
19 | Loan | 1 | The Palisades | Michael Silberman, William Roos and BAMCAP Partners IV LP | No | No | Refinance | No | ||
20 | Loan | 7 | 1 | Northwoods Apartments | Mathias Deutsch, Joshua Braun and Isiodore Bleier | No | No | Refinance | No | |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | Samuel Okner, Atied Associates, LLC and Okner Family Real Estate Trust | No | No | Refinance | No | |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | Global Net Lease Operating Partnership, L.P. | No | No | Refinance | ||
22.01 | Property | 1 | FCA USA - Detroit, MI | No | ||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | No | ||||||
22.03 | Property | 1 | Follett School - McHenry, IL | No | ||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | No | ||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | No | ||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | No | ||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | No | ||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | No | ||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | No | ||||||
22.10 | Property | 1 | Hannibal - Houston, TX | No | ||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | No | ||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | No | ||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | No | ||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | No | ||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | No | ||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | No | ||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | No | ||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | No | ||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | No | ||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | No | ||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | Shaya Wurzberger | No | No | Refinance | ||
23.01 | Property | 1 | 8705-8711 South Morgan Street | Yes | ||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | Yes | ||||||
23.03 | Property | 1 | 8201 South Paulina Street | No | ||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | No | ||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | No | ||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | Yes | ||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | No | ||||||
23.08 | Property | 1 | 535 East 102nd Street | No | ||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | No | ||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | No | ||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | Yes | ||||||
23.12 | Property | 1 | 7956 South Normal Avenue | No | ||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | Michael Haas and Adrian Hass | No | No | Refinance | No | |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | Anthony Grosso and Christopher Palermo | No | Yes | Acquisition | No | |
26 | Loan | 21 | 1 | 80 White Street | Behrooz Hedvat, Leon Hedvat and Faramarz Hedvat | No | No | Acquisition | No | |
27 | Loan | 20 | 1 | Feasterville Plaza | Nandish Patel | No | No | Acquisition | No | |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | James E. Goldstein, Anders U. Schroeder and Midgard Group Inc. | No | No | Refinance | No | |
29 | Loan | 1 | The Park at Milestone | Reuven Oded | No | No | Refinance | No | ||
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | P. Carter Rise | No | No | Refinance | ||
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | No | ||||||
30.02 | Property | 1 | WoodSpring Suites Easton | No | ||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | No | ||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | Harsharan Ghoman and Balwinder Kang | No | No | Refinance | No | |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | Rajesh K. Badam and Sridhar Challa | No | No | Acquisition | No | |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | David G. Chandler | No | No | Refinance | No | ||
34 | Loan | 2, 16, 19 | 1 | The Hub | Michael Bronska and Bradley M. Hall | No | No | Refinance | No | |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | Jeremiah Boucher | No | No | Refinance | No | |
36 | Loan | 1 | Storage Sense Orlando | Lawrence Charles Kaplan, George Thacker and Richard Schontz | No | No | Refinance | No |
A-1-29 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Recourse Carveout Guarantor | Delaware Statutory Trust (Y/N) | Tenants-in-common (Y/N) | Loan Purpose | Property Located Within a Qualified Opportunity Zone (Y/N) | Sources: Loan Amount ($) |
24 | 29 | |||||||||
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | Sebastian Barbagallo | No | No | Refinance | ||
37.01 | Property | 1 | Lakecrest | No | ||||||
37.02 | Property | 1 | Southpointe | No | ||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | Joel Retek | No | No | Refinance | ||
38.01 | Property | 1 | 1503 Teller Avenue | No | ||||||
38.02 | Property | 1 | 171 Herzl Street | No | ||||||
38.03 | Property | 1 | 2822 University Avenue | No | ||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | Christian Cronin and Mark Matan | No | No | Acquisition | ||
39.01 | Property | 1 | Saucon Valley Crossing | No | ||||||
39.02 | Property | 1 | Birch Knoll | No | ||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | Andrea Gjini | No | No | Refinance | No | |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | Eric Korchia | No | No | Refinance | No | |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | Garrett Brasseaux, Chris Baker and Jonah Aelyon | No | No | Acquisition | No | |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | David Kaye, Asaf Fligelman and Jaime Gitler | No | No | Refinance | No | |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | Robert Gassel | No | No | Refinance | No | |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | TEI, LLC | No | No | Refinance | No | |
46 | Loan | 16 | 1 | 140-150 Access Road | Robert Kaplain, Mitchell Kaplain, Kyle Friedland and Jeffrey Davis | No | No | Refinance | No | |
47 | Loan | 1 | 824 Classon Avenue | Abraham Waldman | No | No | Refinance | No | ||
48 | Loan | 10 | 1 | US Storage - Delray Beach | DJH Holdings, LLC | No | No | Refinance | No | |
49 | Loan | 10 | 1 | US Storage - Nashville | DJH Holdings, LLC | No | No | Refinance | No | |
50 | Loan | 10 | 1 | US Storage - Clarksville | DJH Holdings, LLC | No | No | Refinance | No | |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | Armin Jadadic | No | No | Refinance | No | |
52 | Loan | 13 | 1 | 60 Cottage Street | Onkar Singh | No | No | Acquisition | No | |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | Yosef Eliav | No | No | Refinance | No | |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | Nathan Retek | No | No | Refinance | Yes | |
55 | Loan | 1 | Hamlet MHC | Rohun Khanna and Eddie Baurer | No | No | Acquisition | No |
A-1-30 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) | Uses: Total Uses ($) |
1 | Loan | 6 | 3 | Arch Portfolio | 0 | 0 | 0 | 74,162,000 | 64,275,373 | 0 | 2,500,838 | 1,476,796 | 5,908,992 | 0 | 74,162,000 |
1.01 | Property | 1 | The Arcadian | ||||||||||||
1.02 | Property | 1 | The Charleston | ||||||||||||
1.03 | Property | 1 | The Arlington | ||||||||||||
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | 283,053,566 | 230,000,000 | 0 | 1,033,053,566 | 752,340,900 | 0 | 18,687,091 | 262,025,575 | 0 | 0 | 1,033,053,566 |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | 0 | 0 | 0 | 62,500,000 | 34,793,129 | 0 | 1,132,465 | 15,373,202 | 11,201,204 | 0 | 62,500,000 |
3.01 | Property | 1 | 201 Merrimack Street | ||||||||||||
3.02 | Property | 1 | 117 Water Street | ||||||||||||
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | 0 | 0 | 0 | 61,000,000 | 56,043,469 | 0 | 3,147,202 | 273,944 | 1,535,385 | 0 | 61,000,000 |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | 0 | 0 | 0 | 220,000,000 | 213,488,234 | 0 | 1,474,030 | 0 | 5,037,736 | 0 | 220,000,000 |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | 0 | 0 | 0 | 60,000,000 | 55,458,625 | 0 | 3,060,602 | 1,272,686 | 208,086 | 0 | 60,000,000 |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | 30,034,060 | 0 | 0 | 72,034,060 | 0 | 67,522,031 | 1,677,820 | 2,834,209 | 0 | 0 | 72,034,060 |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | 142,402,323 | 166,842,106 | 0 | 859,139,166 | 845,920,651 | 0 | 9,648,775 | 3,569,740 | 0 | 0 | 859,139,166 |
8.01 | Property | 1 | 200 Sidney | ||||||||||||
8.02 | Property | 1 | Lincoln Centre | ||||||||||||
8.03 | Property | 1 | 40 Erie Street | ||||||||||||
8.04 | Property | 1 | 4570 Executive Drive | ||||||||||||
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | ||||||||||||
8.06 | Property | 1 | 21 Erie Street | ||||||||||||
8.07 | Property | 1 | 47 Erie Street Parking Structure | ||||||||||||
8.08 | Property | 1 | Eastgate Mall | ||||||||||||
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | 0 | 0 | 0 | 255,000,000 | 242,815,054 | 0 | 811,504 | 10,449,929 | 923,513 | 0 | 255,000,000 |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | 50,000 | 0 | 0 | 96,050,000 | 83,638,830 | 0 | 2,155,251 | 10,255,918 | 0 | 0 | 96,050,000 |
11 | Loan | 3 | 1 | Patriot Crossing | 0 | 0 | 0 | 29,800,000 | 19,886,975 | 0 | 1,335,080 | 569,880 | 8,008,065 | 0 | 29,800,000 |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | 0 | 0 | 0 | 29,700,000 | 25,360,094 | 0 | 1,233,906 | 346,139 | 2,759,862 | 0 | 29,700,000 |
12.01 | Property | 1 | Queen's Grant | ||||||||||||
12.02 | Property | 1 | Arrowood | ||||||||||||
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | 0 | 0 | 0 | 50,400,000 | 45,453,546 | 0 | 2,685,684 | 830,104 | 1,430,666 | 0 | 50,400,000 |
14 | Loan | 1 | Oak Ridge City Center | 181,558 | 0 | 0 | 25,181,558 | 23,503,746 | 0 | 1,118,362 | 559,450 | 0 | 0 | 25,181,558 | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | 13,238,721 | 140,000,000 | 0 | 393,238,721 | 376,708,834 | 0 | 6,654,906 | 9,874,981 | 0 | 0 | 393,238,721 |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | |||||||||||
17 | Loan | 19 | 1 | Cherrywood Shopping Center | |||||||||||
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | |||||||||||
19 | Loan | 1 | The Palisades | ||||||||||||
20 | Loan | 7 | 1 | Northwoods Apartments | |||||||||||
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | |||||||||||
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | |||||||||||
22.01 | Property | 1 | FCA USA - Detroit, MI | ||||||||||||
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | ||||||||||||
22.03 | Property | 1 | Follett School - McHenry, IL | ||||||||||||
22.04 | Property | 1 | Shaw Aero - Naples, FL | ||||||||||||
22.05 | Property | 1 | Kuka - Sterling Heights, MI | ||||||||||||
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | ||||||||||||
22.07 | Property | 1 | CF Sauer - 184 Suburban | ||||||||||||
22.08 | Property | 1 | CF Sauer - 728 N Main St. | ||||||||||||
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | ||||||||||||
22.10 | Property | 1 | Hannibal - Houston, TX | ||||||||||||
22.11 | Property | 1 | FedEx IV - Lexington, KY | ||||||||||||
22.12 | Property | 1 | VersaFlex - Kansas City, KS | ||||||||||||
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | ||||||||||||
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | ||||||||||||
22.15 | Property | 1 | CSTK - St. Louis, MO | ||||||||||||
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | ||||||||||||
22.17 | Property | 1 | AM Castle - Wichita, KS | ||||||||||||
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | ||||||||||||
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | ||||||||||||
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | ||||||||||||
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | |||||||||||
23.01 | Property | 1 | 8705-8711 South Morgan Street | ||||||||||||
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | ||||||||||||
23.03 | Property | 1 | 8201 South Paulina Street | ||||||||||||
23.04 | Property | 1 | 2320 West Garfield Boulevard | ||||||||||||
23.05 | Property | 1 | 7818-7820 South South Shore Drive | ||||||||||||
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | ||||||||||||
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | ||||||||||||
23.08 | Property | 1 | 535 East 102nd Street | ||||||||||||
23.09 | Property | 1 | 6516 South Stony Island Avenue | ||||||||||||
23.10 | Property | 1 | 7770-7778 South South Shore Drive | ||||||||||||
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | ||||||||||||
23.12 | Property | 1 | 7956 South Normal Avenue | ||||||||||||
24 | Loan | 19, 23 | 1 | London Bridge Industrial | |||||||||||
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | |||||||||||
26 | Loan | 21 | 1 | 80 White Street | |||||||||||
27 | Loan | 20 | 1 | Feasterville Plaza | |||||||||||
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | |||||||||||
29 | Loan | 1 | The Park at Milestone | ||||||||||||
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | |||||||||||
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | ||||||||||||
30.02 | Property | 1 | WoodSpring Suites Easton | ||||||||||||
30.03 | Property | 1 | WoodSpring Suites Fairfield | ||||||||||||
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | |||||||||||
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | |||||||||||
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | ||||||||||||
34 | Loan | 2, 16, 19 | 1 | The Hub | |||||||||||
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | |||||||||||
36 | Loan | 1 | Storage Sense Orlando |
A-1-31 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 ($) |
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | |||||||||||
37.01 | Property | 1 | Lakecrest | ||||||||||||
37.02 | Property | 1 | Southpointe | ||||||||||||
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | |||||||||||
38.01 | Property | 1 | 1503 Teller Avenue | ||||||||||||
38.02 | Property | 1 | 171 Herzl Street | ||||||||||||
38.03 | Property | 1 | 2822 University Avenue | ||||||||||||
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | |||||||||||
39.01 | Property | 1 | Saucon Valley Crossing | ||||||||||||
39.02 | Property | 1 | Birch Knoll | ||||||||||||
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | |||||||||||
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | |||||||||||
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | |||||||||||
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | |||||||||||
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | |||||||||||
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | |||||||||||
46 | Loan | 16 | 1 | 140-150 Access Road | |||||||||||
47 | Loan | 1 | 824 Classon Avenue | ||||||||||||
48 | Loan | 10 | 1 | US Storage - Delray Beach | |||||||||||
49 | Loan | 10 | 1 | US Storage - Nashville | |||||||||||
50 | Loan | 10 | 1 | US Storage - Clarksville | |||||||||||
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | |||||||||||
52 | Loan | 13 | 1 | 60 Cottage Street | |||||||||||
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | |||||||||||
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | |||||||||||
55 | Loan | 1 | Hamlet MHC |
A-1-32 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) | Underwritten Hotel Occupancy (%) | Most Recent ADR ($) | Most Recent RevPAR ($) | Most Recent Hotel Occupancy (%) | Second Most Recent ADR ($) | Second Most Recent RevPAR ($) | Second Most Recent Hotel Occupancy (%) | Third Most Recent ADR ($) | Third Most Recent RevPAR ($) | Third Most Recent Hotel Occupancy (%) |
1 | Loan | 6 | 3 | Arch Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
1.01 | Property | 1 | The Arcadian | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | 1 | The Charleston | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.03 | Property | 1 | The Arlington | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 5, 7, 11, 12, 18, 19, 20, 21, 23, 24 | 1 | 277 Park Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 6, 16, 19, 29 | 2 | Artisan Foods Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3.01 | Property | 1 | 201 Merrimack Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.02 | Property | 1 | 117 Water Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 17, 19 | 1 | Estates at Palm Bay | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 1, 5, 7, 12, 20, 21 | 1 | Baybrook Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
6 | Loan | 5, 10, 12, 17, 19, 27 | 1 | Langdon at Walnut Park | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 16, 19 | 1 | New Jersey Logistics | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 1, 2, 4, 6, 7, 12, 13, 20, 21, 23, 30 | 8 | BioMed 2024 Portfolio 2 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8.01 | Property | 1 | 200 Sidney | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.02 | Property | 1 | Lincoln Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.03 | Property | 1 | 40 Erie Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.04 | Property | 1 | 4570 Executive Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.05 | Property | 1 | 9360-9390 Towne Centre Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.06 | Property | 1 | 21 Erie Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.07 | Property | 1 | 47 Erie Street Parking Structure | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
8.08 | Property | 1 | Eastgate Mall | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 1, 7, 12, 18, 19, 20 | 1 | Stonebriar Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
10 | Loan | 7, 12, 17, 18, 23 | 1 | Northbridge Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
11 | Loan | 3 | 1 | Patriot Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 16, 28 | 2 | Charlotte MHP Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | Queen's Grant | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
12.02 | Property | 1 | Arrowood | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 7, 12, 19 | 1 | Westshore Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
14 | Loan | 1 | Oak Ridge City Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 1, 7, 12, 27, 30 | 1 | Bronx Terminal Market | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
16 | Loan | 5, 27 | 1 | The Boulevard at Oakley Station Phase II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 19 | 1 | Cherrywood Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
18 | Loan | 5, 14, 16, 27, 28 | 1 | 161 Meserole Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
19 | Loan | 1 | The Palisades | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 7 | 1 | Northwoods Apartments | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 4, 19, 30 | 1 | DeKalb Student Housing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22 | Loan | 1, 6, 7, 12, 16, 19, 23, 27, 28 | 20 | GNL Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22.01 | Property | 1 | FCA USA - Detroit, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Grupo Antolin - Shelby Township, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.03 | Property | 1 | Follett School - McHenry, IL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.04 | Property | 1 | Shaw Aero - Naples, FL | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.05 | Property | 1 | Kuka - Sterling Heights, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.06 | Property | 1 | ZF Active Safety - Findlay, OH | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.07 | Property | 1 | CF Sauer - 184 Suburban | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.08 | Property | 1 | CF Sauer - 728 N Main St. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.09 | Property | 1 | Walgreens Boot Alliance - Pittsburgh, PA | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.10 | Property | 1 | Hannibal - Houston, TX | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.11 | Property | 1 | FedEx IV - Lexington, KY | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.12 | Property | 1 | VersaFlex - Kansas City, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.13 | Property | 1 | Cott Beverage Inc - Sikeston, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.14 | Property | 1 | Dunlop Protective Footwear - Havre De Grace, MD | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.15 | Property | 1 | CSTK - St. Louis, MO | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.16 | Property | 1 | CF Sauer - 39 S Park Dr. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.17 | Property | 1 | AM Castle - Wichita, KS | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.18 | Property | 1 | CF Sauer - 9 Old Mill Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.19 | Property | 1 | CF Sauer - 2447 Eunice Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.20 | Property | 1 | CF Sauer - 513 West Butler Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 5, 6, 16, 27, 29 | 12 | Chicago 12-Property Multifamily Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
23.01 | Property | 1 | 8705-8711 South Morgan Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.02 | Property | 1 | 11214-11218 South Indiana Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.03 | Property | 1 | 8201 South Paulina Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.04 | Property | 1 | 2320 West Garfield Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.05 | Property | 1 | 7818-7820 South South Shore Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.06 | Property | 1 | 8001-8007 South Eberhart Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.07 | Property | 1 | 8139-8145 South Maryland Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.08 | Property | 1 | 535 East 102nd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.09 | Property | 1 | 6516 South Stony Island Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.10 | Property | 1 | 7770-7778 South South Shore Drive | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.11 | Property | 1 | 9017-9025 South Cottage Grove Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23.12 | Property | 1 | 7956 South Normal Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 19, 23 | 1 | London Bridge Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
25 | Loan | 10, 15 | 1 | Fountain Hills Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
26 | Loan | 21 | 1 | 80 White Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 20 | 1 | Feasterville Plaza | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
28 | Loan | 10, 17, 19, 23 | 1 | Crown Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29 | Loan | 1 | The Park at Milestone | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 6, 10 | 3 | Sandpiper Midwest Portfolio | Various | 51.02 | 39.59 | 77.6% | 51.02 | 39.59 | 77.6% | 52.89 | 37.82 | 71.5% | 49.71 | 42.43 | 85.4% |
30.01 | Property | 1 | WoodSpring Suites Fort Wayne | 2/2/2038 | 50.02 | 41.20 | 82.4% | 50.02 | 41.20 | 82.4% | 51.63 | 38.00 | 73.6% | 45.31 | 40.10 | 88.5% | |
30.02 | Property | 1 | WoodSpring Suites Easton | 8/31/2036 | 54.58 | 39.20 | 71.8% | 54.58 | 39.20 | 71.8% | 56.46 | 34.49 | 61.1% | 53.48 | 42.31 | 79.1% | |
30.03 | Property | 1 | WoodSpring Suites Fairfield | 8/31/2036 | 48.77 | 38.31 | 78.6% | 48.77 | 38.31 | 78.6% | 51.30 | 41.04 | 80.0% | 50.85 | 45.00 | 88.5% | |
31 | Loan | 16, 19 | 1 | Holiday Inn Express Indianapolis West Airport | 8/29/2033 | 125.94 | 94.72 | 75.2% | 125.94 | 96.44 | 76.6% | 124.79 | 86.01 | 68.9% | 124.28 | 101.28 | 81.5% |
32 | Loan | 5, 19 | 1 | Fairfield Inn & Suites by Marriott Wilmington | 3/6/2035 | 145.94 | 112.17 | 76.9% | 145.94 | 112.17 | 76.9% | 154.55 | 111.41 | 72.1% | 169.21 | 127.18 | 75.2% |
33 | Loan | 1 | Courtyard by Marriott Bowling Green Convention Center | 2/27/2030 | 125.01 | 90.16 | 72.1% | 125.01 | 90.16 | 72.1% | 125.05 | 90.16 | 72.1% | 118.89 | 93.21 | 78.4% | |
34 | Loan | 2, 16, 19 | 1 | The Hub | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
35 | Loan | 16, 23, 30 | 1 | Enfield Industrial | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 1 | Storage Sense Orlando | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-33 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Loan ID Number | Loan / Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 (%) |
37 | Loan | 6, 19, 21, 28 | 2 | Southpointe and Lakecrest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37.01 | Property | 1 | Lakecrest | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
37.02 | Property | 1 | Southpointe | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38 | Loan | 6, 13, 16 | 3 | Retek New York Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38.01 | Property | 1 | 1503 Teller Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38.02 | Property | 1 | 171 Herzl Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
38.03 | Property | 1 | 2822 University Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39 | Loan | 6, 18, 28 | 2 | Birch Knoll & Saucon Valley Crossing MHP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39.01 | Property | 1 | Saucon Valley Crossing | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
39.02 | Property | 1 | Birch Knoll | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
40 | Loan | 13, 18, 27 | 1 | 2758 Creston Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
41 | Loan | 2, 16 | 1 | 1900 Euclid Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
42 | Loan | 2, 19, 20 | 1 | 501 Hayes | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
43 | Loan | 19 | 1 | Suburban Extended Stay - Denver Westminster | 5/12/2042 | 56.45 | 48.87 | 86.6% | 56.45 | 48.87 | 86.6% | 54.84 | 47.05 | 85.8% | 58.72 | 48.62 | 82.8% |
44 | Loan | 15 | 1 | Strawberry Square Shopping Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
45 | Loan | 18, 20, 23 | 1 | 51 Haddonfield | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
46 | Loan | 16 | 1 | 140-150 Access Road | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
47 | Loan | 1 | 824 Classon Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
48 | Loan | 10 | 1 | US Storage - Delray Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
49 | Loan | 10 | 1 | US Storage - Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
50 | Loan | 10 | 1 | US Storage - Clarksville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
51 | Loan | 5, 16, 27 | 1 | 286 East 163rd Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
52 | Loan | 13 | 1 | 60 Cottage Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
53 | Loan | 2, 28 | 1 | 431 Dekalb Avenue | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
54 | Loan | 16, 27, 29 | 1 | 1668 Bergen Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
55 | Loan | 1 | Hamlet MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-34 |
Footnotes to Annex A-1
(1) | “Barclays” denotes Barclays Capital Real Estate Inc. as Mortgage Loan Seller, “SGFC” denotes Societe Generale Financial Corporation as Mortgage Loan Seller, “KeyBank” denotes KeyBank National Association as Mortgage Loan Seller, “BSPRT” denotes BSPRT CMBS Finance, LLC as Mortgage Loan Seller, “BMO” denotes Bank of Montreal as Mortgage Loan Seller, “AREF2” denotes Argentic Real Estate Finance 2 LLC as Mortgage Loan Seller, “LMF” denotes LMF Commercial, LLC as Mortgage Loan Seller, “SMC” denotes Starwood Mortgage Capital LLC as Mortgage Loan Seller, “CREFI” denotes Citi Real Estate Funding Inc. as Mortgage Loan Seller, “GACC” denotes German American Capital Corporation as Mortgage Loan Seller and “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York as Mortgage Loan Seller. With respect to Loan No. 5, Baybrook Mall, the mortgage loan is part of a whole loan that was co-originated by Morgan Stanley Bank, N.A., Barclays and SGFC. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the mortgage loan is part of a whole loan that was co-originated by CREFI, JPMorgan Chase Bank, National Association, Goldman Sachs Bank USA and Wells Fargo Bank, National Association. With respect to Loan No. 9, Stonebriar Centre, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, Bank of America, N.A. and SGFC. With respect to Loan No. 15, Bronx Terminal Market, the mortgage loan is part of a whole loan that was co-originated by German American Capital Corporation, Wells Fargo Bank, National Association, Bank of America, N.A. and SMC. With respect to Loan No. 22, GNL Industrial Portfolio, the mortgage loan is part of a whole loan that was co-originated by KeyBank, Bank of Montreal, Barclays Capital Real Estate Inc. and Societe Generale Financial Corporation. |
(2) | With respect to Loan No. 8, BioMed 2024 Portfolio 2, the mortgage loan is comprised of seven lab/office properties totaling 995,458 square feet and one parking garage comprised of 447 parking stalls. The lab/office portion of the mortgaged property is 93.8% leased as of April 12, 2024, and represents 97.2% of total portfolio EGI, with the parking garage income accounting for the remaining 2.8% of total portfolio EGI. With respect to Loan No. 34, The Hub, the mortgaged property consists of a 50,400 square foot converted warehouse that is leased to a fitness tenant that offers indoor rock climbing spaces, fitness and yoga studios and locker rooms. The mortgaged property also includes a 19,000 square foot outdoor shade structure that was added in 2021 and is frequently rented out for events. With respect to Loan No. 41, 1900 Euclid Avenue, the mortgaged property is comprised of 80 multifamily units and 7,114 square feet of retail space. The multifamily units are 91.3% occupied and the retail portion is 100% occupied as of June 24, 2024. In total, the mortgaged property is comprised of 77,394 total square feet. With respect to Loan No. 42, 501 Hayes, the mortgaged property consists of 16 units equating to 6,639 square feet and 5,500 square feet of ground floor retail. The multifamily portion is 86.4% occupied and the retail portion is 100% occupied as of August 12, 2024. The multifamily portion accounts for 48.9% and the retail portion accounts for 48.5% of total EGI. With respect to Loan No. 53, 431 Dekalb Avenue, the mortgaged property is comprised of (i) seven apartment units totaling 5,933 square feet and (ii) 3,948 square feet of ground-floor and below-grade commercial space. |
(3) | Certain of the mortgage loans include parcels ground leased to tenants in the calculation of the total square footage and the occupancy of the mortgaged property. With respect to Loan No. 11, Patriot Crossing, the mortgaged property consists of 362 units, one of which is leased to an employee. |
(4) | In certain cases, mortgaged properties may have tenants that have executed leases that were included in the underwriting but that have not yet commenced paying rent and/or are not in occupancy. |
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For tenants that are one of the top five tenants (by net rentable area leased) for the 15 largest mortgage loans, certain of such tenants have not taken possession or commenced paying rent or sublease a material portion of their property. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in the preliminary prospectus. With respect to Loan No. 8, BioMed 2024 Portfolio 2, certain tenants, although paying rent, are not yet in occupancy with respect to all or a portion of their leased space and in those cases such space is currently “dark”, and/or have the option to terminate all or a portion of their leased space prior to the lease expiration date. See “Risk Factors—Certain Tenants Have the Right to Terminate Their Leases or Go “Dark” at Any Time” and “Description of the Mortgage Pool-Mortgage Pool Characteristics-Tenant Issues-Lease Expirations and Terminations” in the preliminary prospectus for more information regarding the foregoing and related tenant issues. With respect to Loan No. 8, BioMed 2024 Portfolio 2, certain tenants may sublease all or a portion of their leased space. See “Risk Factors—Certain Tenants Have the Right to Terminate Their Leases or Go “Dark” at Any Time” and “Description of the Mortgage Pool-Mortgage Pool Characteristics-Tenant Issues-Other” in the preliminary prospectus for more information regarding the foregoing and related tenant issues. With respect to Loan No. 8, BioMed 2024 Portfolio 2, Biosplice Therapeutics, Inc. currently leases 76,172 square feet at the 9360-9390 Towne Centre Drive mortgaged property and subleases 25,391 square feet to BioMed Realty, L.P., a borrower affiliated tenant, at a rental rate of approximately $56.37 per square foot NNN. The remaining 50,781 square feet of non-subleased space was not being utilized by Biosplice Therapeutics, Inc. at origination and the lender underwriting considers such space to be vacant. With respect to Loan No. 21, DeKalb Student Housing, the mortgaged property consists of 978 beds across 354 units. The leased occupancy was calculated based on the 354 units as occupancy by beds was not available. | |
(5) | With respect to all mortgage loans, with the exceptions of the mortgage loans identified in “Description of the Mortgage Pool—Definitions” in the preliminary prospectus, the Cut-off Date LTV Ratio (%) and the LTV Ratio at Maturity / ARD (%) are based on the Appraised Value ($) even though, for certain mortgage loans, the appraisal provided “as-stabilized” values based on certain criteria being met. With respect to Loan No. 2, 277 Park Avenue, the Appraised Value is the “Alternative Market Value As Is Subject to Extraordinary Assumptions Regarding Funds Held in Reserve,” which assumes a $217,228,243 upfront reserve will be held at origination, of which $37,228,243 is for leasing cost obligations and the remaining $180,000,000 is for future leasing costs. At origination, $180,000,000 was deposited into a TI/LC reserve and $41,953,099 was deposited into the Outstanding TI/LC and Free Rent Reserve. The “as-is” appraised value is $1,555,000,000. Such “as-is” appraised value results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 33.4%. With respect to Loan No. 5, Baybrook Mall, the Appraised Value ($) of $392,659,260 assumes that an escrow reserve of $2,659,260 was funded at origination of the Baybrook Mall Whole Loan for tenant improvements and leasing commissions. Some of the cost has been paid by the borrower sponsor and at origination, the outstanding tenant improvements of approximately $1,984,194 were guaranteed by the guarantor under a Guaranty of Limited Payment in lieu of a reserve. With respect to Loan No. 6, Langdon at Walnut Park, the Appraised Value ($) shown represents the “Hypothetical Market Value with Restricted Rents” value of the leasehold interest for the mortgaged property, which assumes the mortgaged property is encumbered by a ground lease as part of the Pleasanton Housing Finance Corporation program (“PHFC Program”) pursuant to which the mortgaged property is expected to benefit from an exemption from all property taxes and requires that certain units at the mortgaged property are restricted for rent to tenants whose income does not exceed specified percentages of the area median income and that the tax savings payment is subordinate to the mortgage loan. The market-based “As Is” appraised value, which assumes no tax exemption for the mortgaged property, is $67,100,000. With respect to Loan No. 16, The Boulevard at Oakley Station Phase II, the appraised value reflects an “as-is” appraised value inclusive of the PILOT, which according to the appraisal, has a present value of $4,000,000. The “as-is” appraised value excluding the PILOT is $34,000,000. With respect to Loan No. 18, 161 Meserole Avenue, the Appraised Value ($) of $34,200,000 represents the “Market Value Subject to a Hypothetical Condition”, which assumes that the borrower sponsors have completed the purchase of certain air rights required under the 161 Meserole Avenue mortgage loan documents. The borrower sponsors are under contract to acquire 4,313 square feet of air rights for a purchase price of $1,035,120, of which |
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the borrower sponsors have put down a 30% deposit ($310,536). At origination, the borrower deposited $1,035,120 with the lender in connection with the purchase of the air rights. Assuming the “As-Is” Appraised Value ($), the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) is 65.7%. With respect to Loan No. 23, Chicago 12-Property Multifamily Portfolio, the Appraised Value ($) of $34,100,000 represents the “As Portfolio” value of the mortgaged properties as of June 14, 2024, which reflects an “As Portfolio” premium equal to approximately 13.6%. Assuming the aggregate “As Is” Appraised Values ($) for the mortgaged properties, the Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) are 53.3% and 49.9%, respectively. | |
With respect to Loan No. 32, Fairfield Inn & Suites by Marriott Wilmington, the Appraised Value of $13,700,000 represents the “Hypothetical As-If Stabilized” value which assumes the borrower completes the PIP by July 25, 2025. The “As Is” appraised value is $13,100,000. With respect to Loan No. 51, 286 East 163rd Street, the appraised value of $7,200,000 is the “Prospective As Stabilized” value as of May 20, 2024. The “as-is” appraised value is $7,100,000 as of March 13, 2024, which results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 70.4%. | |
(6) | For mortgage loans secured by multiple mortgaged properties, each mortgage loan’s Original Balance ($), Cut-off Date Balance ($) and Maturity/ARD Balance ($) are allocated to the respective mortgaged property based on the mortgage loan’s documentation, or if no such allocation is provided in the mortgage loan documentation, the mortgage loan seller’s determination of the appropriate allocation. ● Loan No. 1, Arch Portfolio ● Loan No. 3, Artisan Foods Portfolio ● Loan No. 8, BioMed 2024 Portfolio 2 ● Loan No. 12, Charlotte MHP Portfolio ● Loan No. 22, GNL Industrial Portfolio ● Loan No. 23, Chicago 12-Property Multifamily Portfolio ● Loan No. 30, Sandpiper Midwest Portfolio ● Loan No. 37, Southpointe and Lakecrest ● Loan No. 38, Retek New York Portfolio ● Loan No. 39, Birch Knoll & Saucon Valley Crossing MHP |
(7) | The Original Balance ($), Cut-off Date Balance ($) and Maturity/ARD Balance ($) represent only the mortgage loan included in the issuing entity. The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%) and Loan per Unit ($) are calculated based on the mortgage loan included in the issuing entity and the related pari passu companion loans in the aggregate but exclude any subordinate companion loan(s). For more information regarding the mortgage loans secured by the mortgaged properties identified under the column heading in this Annex A-1, see the charts titled “Whole Loan Summary” and “Whole Loan Control Notes and Non-Control Notes” in “Description of the Mortgage Pool—The Whole Loans” in the preliminary prospectus. ● Loan No. 2, 277 Park Avenue ● Loan No. 5, Baybrook Mall ● Loan No. 8, BioMed 2024 Portfolio 2 ● Loan No. 9, Stonebriar Centre ● Loan No. 10, Northbridge Centre ● Loan No. 13, Westshore Crossing ● Loan No. 15, Bronx Terminal Market ● Loan No. 20, Northwoods Apartments ● Loan No. 22, GNL Industrial Portfolio |
(8) | The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan. |
(9) | For the mortgage loans with an interest-only period that accrues interest on an Actual/360 basis, the Monthly Debt Service (IO) ($) was calculated as 1/12th of the product of (i) the Original Balance ($), (ii) the Interest Rate (%) and (iii) 365/360. |
(10) | With respect to Loan No. 6, Langdon at Walnut Park, a Grace Period – Late Fee (Days) of five days is permitted once in any 12-month period. |
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With respect to Loan No. 25, Fountain Hills Plaza, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 28, Crown Center, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 30, Sandpiper Midwest Portfolio, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 48, US Storage – Delray Beach, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 49, US Storage – Nashville, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. With respect to Loan No. 50, US Storage – Clarksville, a Grace Period – Default (Days) of five days does not apply to the amount due on the maturity date. | |
(11) | With respect to Loan No. 2, 277 Park Avenue, the anticipated repayment date (“ARD”) is August 6, 2029. The stated maturity date is August 6, 2032. The ARD step up associated with the 277 Park Avenue Whole Loan is the greater of (i) 9.51% and (ii) 5.27% plus the lender’s determination as of the ARD of the then on-the-run five-year U.S. Treasury. If the 277 Park Avenue Whole Loan is not paid in full on the ARD and income tax conditions are met, 80% of the excess cash flow after payment of interest and the initial interest rate (100% if certain income tax conditions are not met), reserves and operating expenses (the “Excess Cash Flow”) will be applied to reduce the outstanding principal balance of the 277 Park Avenue Senior Loan on a pro rata and pari passu basis until paid in full and then the 277 Park Subordinate Companion Loan until paid in full. Thereafter, 80% of Excess Cash Flow (100% if certain tax conditions are not met) will be applied to the deferred interest on the 277 Park Avenue Senior Loan on a pro rata and pari passu basis until paid in full and then the deferred interest on the 277 Park Subordinate Companion Loan until paid in full. If certain conditions are satisfied, including that no trigger event exists (other than the occurrence of the ARD) and the DSCR is at least 1.50x, 20% of the Excess Cash Flow will be deposited into an income tax reserve account. |
(12) | The “L” component of the prepayment provision represents lockout payments. The “D” component of the prepayment provision represents defeasance payments. The “YM” component of the prepayment provision represents yield maintenance payments. The “O” Component of the prepayment provision represents the free payments including the Maturity Date. Certain mortgage loans permit the release of a portion of a mortgaged property (or an individual mortgaged property, in connection with a portfolio mortgage loan) under various circumstances, as described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases” in the preliminary prospectus. With respect to Loan No. 2, 277 Park Avenue, the lockout period for prepayment of the 277 Park Avenue Whole Loan, will be at least 25 payment periods beginning with and including the first payment date on September 6, 2024. Defeasance of the 277 Park Avenue Whole Loan, in whole but not in part, is permitted any time after the earlier to occur of (i) August 6, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 25 payment dates is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. With respect to Loan No. 5, Baybrook Mall, the lockout period will be at least 25 months beginning with and including the first payment date on September 1, 2024. Defeasance of the Baybrook Mall Whole Loan is permitted after the date that is the earlier to occur of (i) two years from and after the closing date of the securitization that includes the last pari passu note to be securitized and (ii) January 19, 2028. The assumed lockout period of 25 payment dates is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. The actual lockout period may be longer. With respect to Loan No. 6, Langdon at Walnut Park, the borrower is required to partially prepay the mortgage loan, with payment of an applicable yield maintenance premium, within 60 days in the amount necessary for the |
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mortgaged property to satisfy both a debt service coverage ratio of 1.28x and a debt yield of 8.13% (the “PHFC Prepayment Amount”), if either (i) the tax exemption is not granted by August 29, 2025 or (ii) the PHFC program documents are terminated, the tax exemption is lost and/or the borrower otherwise surrenders the leasehold estate created by the ground lease with the PHFC and the borrower acquires the fee interest in the mortgaged property. The mortgage loan documents provide recourse to the guarantor for the failure to timely make the PHFC Prepayment Amount. With respect to Loan No. 8, BioMed 2024 Portfolio 2, defeasance of the BioMed 2024 Portfolio 2 Whole Loan is permitted at any time after the date that is the earliest to occur of (i) two years after the closing date of the securitization that includes the last note to be securitized and (ii) August 9, 2027. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. The actual defeasance lockout period may be longer. | |
With respect to Loan No. 8, BioMed 2024 Portfolio 2, “Yield Maintenance Premium” means, with respect to each mortgage loan component, an amount equal to the greater of (a) one-half of one percent (0.50%) of the outstanding principal amount of such component to be prepaid or satisfied and (b) the excess, if any, of (i) the sum of the present values of all then-scheduled payments of principal and interest in respect of the principal amount being prepaid under such component assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on such component is paid on February 9, 2029 (with each such payment and assumed payment discounted to its present value at the date of prepayment at the rate which, when compounded monthly, is equivalent to the prepayment rate when compounded semi-annually and deducting from the sum of such present values any short-term interest paid from the date of prepayment to the next succeeding payment date in the event such payment is not made on a payment date), over (ii) the principal amount being prepaid, provided, that with respect to any prepayment of any portion of the BioMed 2024 Portfolio 2 Whole Loan that is subject to a rated securitization and that is made after the payment date in January 2029 but prior to February 9, 2029, the Yield Maintenance Premium will be zero. All Yield Maintenance Premiums payable with respect to component A and component B will be allocated to the notes comprising Note A on a pro rata and pari passu basis, and all Yield Maintenance Premiums payable with respect to component C and component D will be allocated to the notes comprising Note B on a pro rata and pari passu basis. “Prepayment Rate” means the bond equivalent yield (in the secondary market) on the United States Treasury Security, that as of the date that is five business days prior to the date that such prepayment has a remaining term to maturity closest to, but not later than, February 9, 2029 as most recently published in “Statistical Release H.15 (519), Selected Interest Rates,” or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as the lender may reasonably select. If there is no United States Treasury Security with a yield equal to the remaining term to February 9, 2029, the Prepayment Rate will be calculated by taking the linear interpolation of the yields with maturity dates (one longer and one shorter) most nearly approximating the remaining term to February 9, 2029. With respect to Loan No. 9, Stonebriar Centre, Defeasance of the Stonebriar Centre Whole Loan is permitted at any time after the earlier to occur of (i) July 1, 2027 and (ii) two years from the closing date of the securitization that includes the last pari passu note of the Stonebriar Centre Whole Loan to be securitized. The assumed lockout period of 26 payments is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. The actual lockout period may be longer. With respect to Loan No. 10, Northbridge Centre, the lockout period will be at least 24 payment dates beginning with and including the first payment date on October 6, 2024. Defeasance or voluntary prepayment with yield maintenance of the Northbridge Centre Whole Loan in full (but not in part) is permitted at any time following the earlier to occur of (i) August 9, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. The assumed lockout period of 24 payments is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. The actual lockout period may be longer. With respect to Loan No. 13, Westshore Crossing, defeasance of the whole loan is permitted at any time after the date that is two years after the closing date of the securitization that includes the last note to be securitized. The assumed defeasance lockout period of 26 payments is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. The actual defeasance lockout period may be longer. With respect to Loan No. 15, Bronx Terminal Market, the defeasance lockout period will be at least 25 payment dates beginning with and including the first payment date on September 6, 2024. Defeasance of the Bronx Terminal Market Whole Loan in full is permitted at any time after the earlier to occur of (i) September 6, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note to be securitized. |
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The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the BBCMS 2024-5C29 securitization in September 2024. The actual defeasance lockout period may be longer. | |
With respect to Loan No. 22, GNL Industrial Portfolio, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual mortgaged property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), at any time after April 5, 2025, (i) with the payment of a yield maintenance premium if such prepayment is made prior to October 6, 2028 or (ii) without the payment of a yield maintenance premium from and after October 6, 2028. The GNL Industrial Portfolio Whole Loan may be defeased in whole (but not in part, other than in connection with the release of an individual mortgaged property pursuant to the GNL Industrial Portfolio Whole Loan documents) at any time after September 1, 2026. | |
(13) | Refers to (a) debt secured by the mortgaged property, (b) mezzanine debt and (c) preferred equity. See “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans” in the preliminary prospectus for information related to mortgage loans with subordinate, mezzanine or other additional debt or preferred equity that permit subordinate, mezzanine or other additional debt in the future. With respect to Loan No. 8, BioMed 2024 Portfolio 2, future mezzanine debt is permitted as described in this preliminary prospectus under “Description of the Mortgage Pool—Additional Indebtedness—Mezzanine Indebtedness,” “—Preferred Equity” and “Certain Legal Aspects of the Mortgage Loans”. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the BioMed 2024 Portfolio 2 Whole Loan also includes the BioMed 2024 Portfolio 2 junior notes. The BioMed 2024 Portfolio 2 junior notes bear interest at the weighted average of the interest rate of BioMed 2024 Portfolio 2 mortgage loan component C (which is 6.6442479% per annum) and component D (which is 7.7308079% per annum). Payments on the BioMed 2024 Portfolio 2 junior notes are generally subordinate to payments on the BioMed 2024 Portfolio 2 senior notes, provided that the BioMed 2024 Portfolio 2 junior notes receive payments of interest prior to principal payments being made on the BioMed 2024 Portfolio 2 senior notes. See ““Description of the Mortgage Pool—The Whole Loans—The Non-Serviced AB Whole Loan—The BioMed 2024 Portfolio 2 Whole Loan” in the preliminary prospectus. With respect to Loan No. 38, Retek New York Portfolio, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio does not exceed 69.0% and (y) the debt service coverage ratio is at least 1.23x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and (iii) receipt of a rating agency confirmation from each applicable rating agency. With respect to Loan No. 40, 2758 Creston Avenue, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio does not exceed 63.3% and (y) the debt service coverage ratio is at least 1.24x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and (iii) receipt of a rating agency confirmation from each applicable rating agency. With respect to Loan No. 52, 60 Cottage Street, future mezzanine debt is permitted, subject to the satisfaction of certain conditions including, among others, (i) immediately after giving effect to such debt (x) the combined loan-to-value ratio does not exceed 68.2% and (y) the debt service coverage ratio is at least 1.13x, (ii) execution of a subordination and intercreditor agreement reasonably acceptable to the lender and (iii) receipt of a rating agency confirmation from each applicable rating agency. |
(14) | The Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) for all partial interest-only mortgage loans were calculated based on the first 12 principal and interest payments after the Origination Date during the term of the mortgage loan. With respect to Loan No. 18, 161 Meserole Avenue, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Underwritten NOI Debt Yield (%) and Underwritten NCF Debt Yield (%), which equal 1.28x, 1.28x, 8.2% and 8.1%, respectively, assume a stabilized underwritten economic vacancy of 3.0%, giving credit to rent payments due under seven unleased units that are currently subject to a master lease, versus actual economic vacancy of 15.6%. Assuming the in-place economic vacancy, the Underwritten NOI DSCR (x), the Underwritten NCF DSCR (x), the Underwritten NOI Debt Yield (%) and the Underwritten NCF Debt Yield (%) would be 1.11x, 1.10x, 7.1% and 7.0%, respectively. The mortgage loan was structured to include a $500,000 rent reserve to be released to the borrower upon the satisfaction of certain conditions, including, but not limited to, (i) no event of default under the mortgage |
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loan then exists, (ii) the borrower has provided a certified rent roll with 100% occupancy, (iii) the borrower has provided the executed leases for all nine affordable units and (iv) the DSCR, based on trailing one-month income, annualized less the greater of (a) underwritten operating expenses ($163,477) and (b) actual operating expenses is greater than or equal to 1.30x. | |
(15) | In certain cases, Underwritten TI / LC ($) is inclusive of certain credits for upfront reserves taken at closing. With respect to Loan No. 25, Fountain Hills Plaza, a $80,000 credit to tenant improvements and leasing commissions has been underwritten, reflecting 1/10th of the TI/LC deposit at origination. With respect to Loan No. 44, Strawberry Square Shopping Center, a $25,000 credit to tenant improvements and leasing commissions has been underwritten, reflecting 1/10th of the TI/LC deposit at origination. |
(16) | With respect to some mortgage loans, historical financial information may not be available as a result of acquisition financing and/or recent construction. With respect to Loan No. 3, Artisan Foods Portfolio, historical financial information is not available for the mortgaged properties. The 117 Water Street mortgaged property was recently converted from a commercial bakery operation to a food manufacturing facility with cold storage. The 201 Merrimack Street mortgaged property is currently being converted from a warehouse / dry storage facility to a full food manufacturing and cold storage facility. As such, historical expenses were primarily recorded at the tenant operating level. With respect to Loan No. 7, New Jersey Logistics, historical financial information is not available as the mortgaged property was built in 2023. With respect to Loan No. 12, Charlotte MHP Portfolio, Fourth Most Recent cash flows are not available as the mortgaged properties were recapitalized in 2021. With respect to Loan No. 18, 161 Meserole Avenue, historical financial information is not available as the mortgaged property was built in 2024. With respect to Loan No. 22, GNL Industrial Portfolio, Fourth Most Recent cash flows are unavailable because the GNL Industrial Portfolio mortgaged properties were acquired by the borrower sponsor on various dates between 2014 and 2020. With respect to Loan No. 23, Chicago 12-Property Multifamily Portfolio, historical financial information for the 8705-8711 South Morgan Street and 535 East 102nd Street mortgaged properties prior to the most recent operating period is not available because the borrower sponsor acquired the mortgaged properties in November and December 2023, respectively. With respect to Loan No. 31, Holiday Inn Express Indianapolis West Airport, Most Recent cash flows were based on the Normalized T12 ended June 30, 2024. During the 2023 PIP, the mortgaged property had all rooms offline at varying points throughout the year, impacting 2023 revenue. Consequently, Barclays normalized the T12 to replace 2023 months with the same months from 2022, when the mortgaged property was fully operational. As such, the Normalized T12 months comprise July - December 2022 and January - June 2024. It should be noted that January - May are shoulder months in the market, and the portion of Normalized T12 comprising July – December 2022 does not reflect the four additional rooms in connection with the renovation. With respect to Loan No. 34, The Hub, historical financial information is not available because the sole tenant spent 18 months on the build-out and took occupancy in October 2023. Prior to the current tenant, the mortgaged property was redesigned by the borrower sponsor. With respect to Loan No. 35, Enfield Industrial, Fourth Most Recent cash flows are not available as the mortgaged property was acquired in May 2022. With respect to Loan No. 38, Retek New York Portfolio, historical financial information is not available as the mortgaged properties were acquired in 2023 and underwent renovations afterwards. |
With respect to Loan No. 41, 1900 Euclid Avenue, Fourth Most Recent cash flows are not available as the mortgaged property was acquired in April 2021. |
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With respect to Loan No. 46, 140-150 Access Road, historical financial information is not available due to the recent development of the mortgaged property. With respect to Loan No. 51, 286 East 163rd Street, historical financial information is not available as the mortgaged property was built in 2024. With respect to Loan No. 54, 1668 Bergen Street, historical financial information is not available as the mortgaged property was built in 2023 and began leasing up in the first quarter of 2024. | |
(17) | With respect to Loan No. 4, Estates at Palm Bay, the mortgaged property is subject to a ground lease between the United States of America, acting by and through the Secretary of the Air Force, as ground lessor, and the borrower, Lurin Real Estate Holdings VI, LLC, as ground lessee. The borrower entered into the ground lease on January 31, 1991, which was amended to extend the expiration to January 30, 2066. The ground lease has no remaining extension options. The ground rent is 8.0% of gross monthly income received by the ground lessee from the mortgaged property, payable in monthly installments in arrears for the preceding month. With respect to Loan No. 6, Langdon at Walnut Park, at origination, (i) the borrowers entered into a ground lease between PHFC, as ground lessor, and the borrowers, as ground lessee, and (ii) PHFC Walnut LLC, an entity wholly-owned and controlled by PHFC (the “Langdon at Walnut Park Managing Member”), was appointed as the managing member of the borrowers (0.01% membership interest), in connection with an exemption from all property taxes expected to benefit the mortgaged property. Pursuant to the ground lease, which is scheduled to terminate on September 30, 2123 with no extensions, the borrowers are required to pay PHFC, among other amounts, as applicable, (i) an annual compliance fee of $100 per unit, with 2% annual increases (the “Compliance Payment”) and (ii) an annual fee equal to 10% of the annual property tax savings (the “Savings Fee”, and together with the Compliance Payment, the “PHFC Payments”). PHFC, the Langdon at Walnut Park Managing Member and the borrowers entered into a fee agreement agreeing that for so long as the tax exemption remains in effect, all fees required under the PHFC program documents, including the PHFC Payments, be paid from excess distributable cash, if any, after the payment of debt service payments in connection with the mortgage loan and operating expenses due and owing. The lender has established a reserve for the PHFC Payments, provided that, absent a continuing event of default under the mortgage loan, there is no obligation to make deposits into the PHFC Payments reserve unless the borrowers fail to provide evidence of timely payment. The lender has a lien on both the borrowers’ leasehold interest and PHFC’s fee interest in the mortgaged property. With respect to Loan No. 10, Northbridge Centre, the mortgaged property is subject to reciprocal easement and development agreement (as amended, the “Development Agreement”). The Development Agreement grants the borrower use of certain adjacent tracts of land for, among other things, green space, an overhead walkway between the parking structure that is part of the collateral and the office building, vehicular access to the primary entrance to the office building and additional street-level parking in areas visible to the primary entrance to the improvements. The majority of the rights granted under the Development Agreement are perpetual. These include use of the access drive known as Flagler Court Drive between 4th and 5th Streets and the use of the street-level parking along Flagler Court Drive closest to 5th Street. In addition, the borrower has access to an additional six parking spaces along Flagler Court Drive near 4th Street. The borrower’s use of these parking spaces pursuant to the Development Agreement currently expires in 2031. If these rights are not extended, the mortgaged property would lose the use of those parking spaces but would still satisfy all applicable zoning requirements (i.e., the mortgaged property would still have 767 parking spaces with 675 parking spaces required by zoning). Pursuant to the Development Agreement, the borrower is obligated to maintain the areas to which it has access resulting in additional expenses for the operation of the mortgaged property. An annual easement expense of $16,871 was included in the lender’s underwriting for the mortgaged property. With respect to Loan No. 28, Crown Center, the mortgaged property is secured by a ground lease between the city of Fort Lauderdale, Florida, as ground lessor, and the borrower, as ground lessee, which expires on January 14, 2045, with three, 10-year extension options and one, five-year extension option remaining. |
(18) | Represents the amount deposited by the borrower at origination. All or a portion of this amount may have been released pursuant to the terms of the related mortgage loan documents. With respect to loan No. 2, 277 Park Avenue, upfront other reserves consist of a $41,953,099 outstanding free rent and tenant improvement/leasing cost reserve. With respect to the upfront TI/LC reserve, if, among other things, (i) at least 750,000 square feet of the space demised under the JP Morgan leases that expire in 2026 and 2028, respectively, have been renewed or re-tenanted with qualified leases subject to minimum lease terms of at least five years beyond the ARD with no termination or contraction options that would be effective prior to the date that |
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is five years after the ARD, (ii) the mortgaged property occupancy level is at or greater than 95% (excluding amenity space and space on the 47th floor currently occupied by an affiliate of borrower), and (iii) the DSCR is greater than 2.00x excluding net cash flow from tenants not in exclusive possession and paying full unabated rent (unless funds are retained in the TI/LC reserve for such amounts) then, provided no event of default is continuing and the ARD has not occurred, funds on deposit in the TI/LC reserve for future leasing not previously disbursed or applied in excess of the aggregate amount of the vacancy holdback amount, the unpaid TI/LC obligations balance and the remaining rent abatement amount, in each case, as determined the lender, may be disbursed to the borrower. With respect to Loan No. 9, Stonebriar Centre, Other Reserves consist of an Upfront Rollover Reserve ($11,720,606) and an Upfront Gap Rent Reserve ($756,921). The borrowers funded $10,449,929 into a reserve at origination, with the remaining $2,027,598 being guaranteed by the non-recourse carveout guarantor, as limited payment guarantor. With respect to Loan No. 10, Northbridge Centre, the borrower established an upfront obligations reserve of $5,002,419 for unfunded obligations to third parties, such as unpaid tenant improvements, leasing commissions, free rent and gap rent. Additionally, the borrower established an upfront business interruption insurance reserve of $433,553 from which the borrower may obtain disbursements for leasing costs to the extent there are not any available funds in the rollover reserve for the same purpose. Any remaining balance may be released upon the borrower replacing the current insurance coverage of 12-months business interruption with 18-months. With respect to Loan No. 39, Birch Knoll & Saucon Valley Crossing MHP, the borrowers deposited $1,084,000 into the Performance Holdback Reserve at origination. Prior to August 6, 2026, provided that no event of default has occurred and is continuing, the Performance Holdback Reserve Funds will be disbursed upon satisfaction of the following conditions: (i) any and all such written request(s) for release must (x) occur no later than August 6, 2026 and (y) be for no less than 100% of the Performance Holdback amount and (ii) the borrowers delivers to the lender, concurrently with such request, financial statements for the period ending on the last day of the immediately preceding calendar month, in form and detail satisfactory to the lender, which demonstrate to the lender’s satisfaction that (a) the mortgaged property has achieved: (1) an annualized gross income from operations equal to $961,000 (on a trailing six months accrual basis) and (2) after giving effect to the Performance Holdback amount, net operating income of at least $566,000, based on (A) annualized gross income from operations equal to clause (1) above and (B) actual operating expenses (on a trailing 12 month basis) and (b) tenants at no less than 92.0% of the pads at the mortgaged property are current on all obligations under their leases at the time of such request. With respect to Loan No. 40, 2758 Creston Avenue, at origination, the borrower deposited $791,000 into a 421-a holdback reserve, on the condition that such reserve would be released when the borrower received the final Certificate of Eligibility and Restrictive Declaration. The condition was satisfied on August 28, 2024, and the funds will be released to the borrower. With respect to loan No. 45, 51 Haddonfield, upfront other reserves consist of, with respect to the Asset Based Lending lease: (i) $28,238 for monthly disbursements related to such anticipated rent commencement, (ii) $350,000 for tenant improvements, (iii) $40,040 for leasing commissions and (iv) approximately $42,358 for free rent. | |
(19) | Represents the monthly amounts required to be deposited by the borrower. The monthly collected amounts may be increased or decreased pursuant to the terms of the related mortgage loan documents. In certain other cases, all excess cash flow will be swept into reserve accounts in the event of certain conditions being triggered in the respective mortgage loan documents. With respect to Loan No. 2, 277 Park Avenue, during the continuance of a cash sweep period, the borrower is required to deposit all (i) lease termination payments, and (ii) any sum received from any tenant, except JP Morgan Chase, to obtain a consent to an assignment or sublet. With respect to Loan No. 3, Artisan Foods Portfolio, the borrowers are required to escrow monthly $5,850 (approximately $0.20 per square foot annually) for tenant improvement and leasing commission reserves. The TI/LC reserve is suspended so long as no Major Tenant Trigger Event (as defined in the mortgage loan documents) then exists. The reserve is currently suspended. With respect to Loan No. 3, Artisan Foods Portfolio, during the continuance of a Major Tenant Trigger Event (as defined in the mortgage loan documents), the borrowers are required to deposit all excess cash flow to be held by the lender in a reserve account for the re-tenanting costs incurred with re-tenanting the related major tenant space. |
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With respect to Loan No. 4, Estates at Palm Bay, if at any time during the term of the mortgage loan the lender determines that the balance of the ground rent reserve is insufficient to pay the next ensuing three months of ground rent, the borrower will be required to pay to the lender for deposit into the ground rent reserve the amount of such deficiency within five business days of the lender’s written request therefor. With respect to Loan No. 6, Langdon at Walnut Park, on a monthly basis, the borrower is required to escrow 1/12th of the property taxes (taking into account any tax exemption in effect with respect to the mortgaged property) that the lender estimates will be payable during the next 12 months (initially approximately $131,121) prior to the tax exemption being granted), provided that the borrower will no longer be required to make the monthly escrow for property taxes once the tax exemption has been formally granted by the central appraisal district and while it remains in effect. With respect to Loan No. 7, New Jersey Logistics, at any time and from time to time that the lender disburses any funds in the rent reserve subaccount pursuant to the New Jersey Logistics mortgage loan documents, within 10 days following the notice from the lender, the borrower is required to pay to the lender an additional amount (the “Additional Rent Reserve Deposit”) equal to the difference between (i) the lender’s reasonable estimate of the aggregate amount of three months of rent that will be payable under the EDA lease and (ii) the balance then on deposit in the rent reserve subaccount (after deduction of the amount of the applicable disbursement from the rent reserve subaccount), which amount will be included in the notice to the borrower requesting such Additional Rent Reserve Deposit. With respect to Loan No. 9, Stonebriar Centre, during the continuance of a reserve trigger period or cash management period, the borrowers are required to deposit $18,281.33 each month as the replacement reserve monthly deposit, which monthly deposit will be suspended during any period when the amount on deposit equals or exceeds $438,752.00. With respect to Loan No. 13, Westshore Crossing, if the borrower elects to suspend a cash management DSCR trigger event or a cash sweep DSCR trigger event, the borrower is required to deposit with or deliver to the lender cash or a letter of credit in an amount equal to $500,000, to be held by the lender as additional collateral for the Westshore Crossing Whole Loan. | |
With respect to Loan No. 17, Cherrywood Shopping Center, on each payment date following the occurrence of a major tenant trigger event, the borrower is required to deposit (or cause to be deposited) an amount equal to the then-current monthly rent due under (i) the CVS lease and/or (ii) the Iavarone Brothers lease, as determined by the lender, which determination will be final absent manifest error. With respect to Loan No. 17, Cherrywood Shopping Center, on each payment date during the continuance of a low DSCR period, the borrower is required to deposit (or cause to be deposited) the sum of $20,773.43 into the low DSCR reserve, which will be held by the lender as additional security for the mortgage loan. With respect to Loan No. 21, DeKalb Student Housing, during the continuance of a lease sweep period, the borrower is required to deposit $70,000 into a lease sweep reserve on a monthly basis. With respect to Loan No. 22, GNL Industrial Portfolio, during the continuance of a cash sweep period, the borrowers are required to deposit into an account for repairs and replacements, on a monthly basis, an amount equal to 1/12th of $0.15 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.15 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release. With respect to Loan No. 22, GNL Industrial Portfolio, during a cash sweep period, the borrowers are required to deposit into a reserve for tenant improvements and leasing commissions, on a monthly basis, an amount equal to 1/12th of $0.25 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.25 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release. With respect to Loan No. 24, London Bridge Industrial, on each monthly payment date during a material tenant trigger event period, the borrower is required to deposit all material tenant trigger event excess cash for tenant allowances, tenant improvements and leasing commissions that may be incurred or required to be reimbursed by the borrower in connection with leasing material tenant space pursuant to qualified leases. |
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With respect to Loan No. 28, Crown Center, so long as the borrower pays directly to the ground lessor on each monthly installment of ground rent and provides evidence reasonable satisfactory to the lender of such timely payment, the borrower will not be required to make any such ground rent reserve monthly deposit. With respect to Loan No. 31, Holiday Inn Express Indianapolis West Airport, on each monthly payment date, the borrower is required to pay an amount equal to 1/12th of (i) 2.0% of the projected annual gross income from operations of the mortgaged property through and including September 6, 2026 and (ii) 4.0% of the projected annual gross income from operations of the mortgaged property from and after September 7, 2026, as set forth in the approved annual budget for furniture, fixture and equipment expenditures (“FF&E”). The first FF&E monthly deposit is $5,726.47 and at no time will the deposit be less than this amount. With respect to Loan No. 32, Fairfield Inn & Suites by Marriott Wilmington, the borrower is required to deposit into a seasonality reserve $6,000 on each monthly payment date in February, March, April, May, June, July, August, September, October and November of each calendar year. | |
With respect to Loan No. 32, Fairfield Inn & Suites by Marriott Wilmington, on the date that any PIP other than the scheduled PIP is imposed by the franchisor, the borrower is required to deposit into a PIP reserve an amount equal to 125% of the sum required to pay for such PIP. With respect to Loan No. 32, Fairfield Inn & Suites by Marriott Wilmington, the borrower is required to deposit into an FF&E reserve on each monthly payment date an amount equal to the greater of (i) 1/12th of 4% times the annual rents of the property for the applicable prior 12 month period and (ii) the monthly amount required to be reserved pursuant to the franchise agreement for the replacement of FF&E. With respect to Loan No. 34, The Hub, during the continuance of a cash sweep period, the borrower is required to deposit an amount of $3,150.00 for the monthly rollover deposit. With respect to Loan No. 37, Southpointe and Lakecrest, on each payment date on or after the balance contained in the rollover reserve account is less than $475,000 (excluding any amounts attributable to lease termination payments and the outstanding approved TI/LC expenses with the respect to the leases with Betacom and Bask Development), the borrower is required to make monthly contributions to the reserve of $10,126, subject to a cap of $825,000. With respect to Loan No. 42, 501 Hayes, on each payment date, the borrower is required to deposit an amount initially equal to 1/12th of the expected insurance cost (initially $4,305.39 per month) into the insurance reserve subaccount. The deposits may be suspended if an acceptable blanket policy is in effect. With respect to Loan No. 43, Suburban Extended Stay – Denver Westminster, in the event the related franchisor requires a property improvement plan and there are insufficient funds in the replacement reserve to fund such property improvement plan, the borrower will be required to deposit an amount equal to 125% of the amount determined by the lender in its discretion to be required to complete the applicable property improvement plan. | |
(20) | Represents a cap on the amount required to be deposited by the borrower pursuant to the related mortgage loan documents. In certain cases, during the term of the mortgage loan, the caps may be altered or terminated subject to conditions of the respective mortgage loan documents. With respect to Loan No. 2, 277 Park Avenue, on a monthly basis, the borrower is required to escrow $1,250,000 for debt service reserves. The reserve is subject to a cap of one year of debt service at the initial interest rate. With respect to Loan No. 5, Baybrook Mall, during a cash management period, the borrower is required to make a monthly deposit equal to 1/12th of $0.25 per owned leasable square foot at the mortgaged property (initially $11,270.54) into the replacement reserve, provided that the monthly deposit will be suspended during any period when the amount on deposit equals or exceeds $270,493. With respect to Loan No. 5, Baybrook Mall, during a cash management period, the borrower is required to make a monthly deposit equal to 1/12th of $1.00 per owned leasable square foot at the mortgaged property (initially $45,082.17) into the rollover reserve, provided that the monthly deposit will be suspended during any period when the amount on deposit equals or exceeds $1,081,972. With respect to Loan No. 8, BioMed 2024 Portfolio 2, during the continuance of a cash sweep period, if the amount in the rollover reserve account is less than an amount equal to $1 multiplied by the aggregate square footage (excluding the rentable square footage attributable to the parking garage property) (the “Rollover Reserve Cap”), |
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the borrowers will be required to deposit on each payment date an amount equal to 1/12th of the Rollover Reserve Cap (or such lesser amount that would cause the amounts on deposit in the rollover reserve account to equal the Rollover Reserve Cap). With respect to Loan No. 9, Stonebriar Centre, the borrowers are required to deposit $91,406.67 each month as the rollover reserve monthly deposit, which monthly deposit will be suspended during any period when the amount on deposit equals or exceeds $2,193,760. During the continuance of a reserve trigger period or cash management period, if sufficient funds are available pursuant to the Stonebriar Centre Whole Loan cash management agreement, then no actual rollover reserve monthly deposit will be required. With respect to Loan No. 9, Stonebriar Centre, if an anchor trigger event has occurred and is continuing with respect to any single anchor, the borrowers are required to pay to the lender on each monthly payment date an amount equal to all initial excess cash flow with respect to any particular interest period (the “Anchor Reserve Monthly Deposit”), provided, that to the extent the product obtained by multiplying (x) $50 by (y) the aggregate amount of gross leasable square footage of the applicable anchor parcel (the “Individual Anchor Threshold Amount”) has been deposited for any such anchor trigger event then continuing, then the Anchor Reserve Monthly Deposit with respect to such individual anchor trigger event will be zero (even if the funds in the anchor reserve account allocable to such individual anchor trigger event fall below the related Individual Anchor Threshold thereafter due to any disbursement to the borrowers in accordance with the terms of the Stonebriar Centre Whole Loan documents). With respect to Loan No. 27, Feasterville Plaza, the borrower is required to deposit $4,609.46 into a rollover reserve on a monthly basis. Provided that no event of default has occurred and is continuing, on and after May 31, 2026, as long as (i) the borrower has satisfied the major tenant renewal criteria or the major tenant replacement lease criteria with respect to the Altitude Trampoline Park lease and (ii) the balance of the rollover reserve is at least $325,000, then the borrower’s obligation to make the rollover reserve deposit will be suspended. | |
With respect to Loan No. 42, 501 Hayes, on a monthly basis, the borrower is required to escrow $333.33 for replacement reserves. The reserve is subject to a cap of $8,000. With respect to Loan No. 45, 51 Haddonfield, on a monthly basis, the borrower is required to escrow $10,248.13 for TI/LC reserves. The reserve is subject to a cap of $450,000 which is inclusive of the $200,000 upfront TI/LC reserve. | |
(21) | In certain cases, the data for tenants occupying multiple spaces includes square footage only from the primary spaces sharing the same expiration date and may not include smaller spaces with different expiration dates. With respect to Loan No. 2, 277 Park Avenue, the Largest Tenant, JP Morgan Chase, leases 361,802 square feet that expires on March 31, 2026 and 536,319 square feet that expires on March 31, 2028. With respect to Loan No. 5, Baybrook Mall, the Third Largest Tenant, Foot Locker, leases 13,936 square feet that expires on April 30, 2032 and 4,440 square feet that expires on May 31, 2027. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the Largest Tenant, Illumina, Inc., leases 360,000 square feet at the Lincoln Centre mortgaged property, with 200,000 square feet expiring on January 15, 2033 and 160,000 square feet expiring on November 15, 2033. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the Second Largest Tenant, AbbVie Inc., leases 119,980 square feet at the 200 Sidney mortgaged property, with 57,850 square feet expiring on July 31, 2028 and 62,130 square feet expiring on October 31, 2029. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the Eighth Largest Tenant, Human Longevity, Inc. leases 48,049 square feet at the 4570 Executive Drive mortgaged property with 13,433 square feet expiring on September 12, 2030 and 34,616 square feet expiring on September 12, 2025. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the Third Largest Tenant, Poseida Therapeutics, Inc., leases 71,405 square feet, representing 48.4% of the NRA, at the 9360-9390 Towne Centre Drive mortgaged property as well as 15,163 square feet, representing 100% of NRA, at the Eastgate Mall mortgaged property. With respect to Loan No. 26, 80 White Street, the Second Largest Tenant, Click Therapeutics, is occupying the space under a license agreement through December 2026, which includes annual termination options that must be exercised no later than September 30th of each year. |
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With respect to Loan No. 37, Southpointe and Lakecrest, the Second Largest Tenant at the Lakecrest mortgaged property, OWT Global, LLC, has the ongoing option to terminate its lease at any time after October 31, 2026, with written notice at least nine months prior to the effective date of the termination. The Third Largest Tenant at the Lakecrest mortgaged property, Department of Juvenile Justice, has the right to terminate its lease without penalty in the event a state-owned building becomes available for occupancy, with written notice at least six months prior to termination. The Fourth Largest Tenant at the Southpointe mortgaged property, Strayer University, Inc., has the ongoing option to terminate its lease with written notice at least nine months prior to the effective date of the termination. | |
(22) | With respect to the footnotes hereto, no footnotes have been provided with respect to tenants that are not among the five largest tenants by square footage for any mortgaged property. |
(23) | The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease with respect to all or a portion of its leased space prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the subject lease. With respect to Loan No. 2, 277 Park Avenue, the Second Largest Tenant, Sumitomo Mitsui Banking Corporation, has the right to terminate its lease with respect to its storage spaces, totaling 1,200 square feet, at any point during the lease term upon at least 30 days’ written notice to the landlord. With respect to Loan No. 2, 277 Park Avenue, the Largest Tenant, JP Morgan Chase, currently subleases 12,406 square feet from Australia & New Zealand Bank through December 30, 2027. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the Third Largest Tenant, Poseida Therapeutics, Inc., leases 48.4% of the NRA at the 9360-9390 Towne Centre Drive mortgaged property and 100% of NRA at the Eastgate Mall mortgaged property, has a termination option if it enters into another lease at a different property owned by the landlord or an affiliate landlord, which may or may not constitute collateral for the BioMed 2024 Portfolio 2 mortgage loan; provided, that the term of the new lease is no less than 10 years, and the premises of the new lease is no less than (x) 125,000 square feet in the case of its lease at the 9360-9390 Towne Centre Drive mortgaged property, and (y) 95,000 square feet, in the case of its lease at the Eastgate Mall mortgaged property; and provided further, in each case, that the tenant must provide 30 days’ notice following full execution and delivery of the new lease. The mortgage loan documents do not contain anti-poaching provisions. With respect to Loan No. 10, Northbridge Centre, the Fifth Largest Tenant, Focus Financial Partners, has a one-time right to terminate its lease with respect to suite 1900 (13,135 square feet) effective as of January 31, 2029, upon nine months’ prior written notice and payment of a termination fee equal to $1,515,605.49. With respect to Loan No. 22, GNL Industrial Portfolio, Grupo Antolin, the sole tenant at the Grupo Antolin - Shelby Township, MI mortgaged property, has a one-time right to terminate its lease, effective as of the last day of the 138th month of the lease term, April 2029, by providing the related borrower written notice of such termination no later than the 126th month of the lease term, April 2028. With respect to Loan No. 22, GNL Industrial Portfolio, ZF Active Safety, the sole tenant at the ZF Active Safety - Findlay, OH mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, September 2028, subject to providing no less than 12 months’ prior written notice to the related borrower and payment equal to the net present value of all remaining rent for the remainder of the initial lease term calculated using an interest rate of 5% concurrently with delivery of such notice. With respect to Loan No. 22, GNL Industrial Portfolio, A.M. Castle & Co, the sole tenant at the AM Castle - Wichita, KS mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, October 2024, subject to providing no less than 180 days’ prior written notice to the related borrower and payment of a termination fee. With respect to Loan No. 24, London Bridge Industrial, the Second Largest Tenant, LifeNet Health, subleases 14,800 square feet from the Largest Tenant, U-Play USA, LLC, at a rental rate of $4.79 per square foot expiring in December 2024. LifeNet Health occupies 100,000 square feet under a lease that commenced in June 2018 and expires in May 2026. LifeNet Health pays an underwritten base rent of $4.54 per square foot with 2.0% annual increases and has two, five-year renewal options remaining with 180 days’ written notice. The tenant does not have any termination options. |
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With respect to Loan No. 28, Crown Center, the Second Largest Tenant, Cruise One, Inc. has the right to terminate its lease, effective at any time following the expiration of the 63rd full calendar month of the extended term, May 1, 2029; provided that (i) the tenant has provided at least 12 months prior written notice, (ii) no event of default has occurred and (iii) the termination fee has been delivered within 10 business days following the borrower’s provision of the termination fee calculation to the tenant. With respect to Loan No. 35, Enfield Industrial, the Second Largest Tenant, Kamps, may terminate its lease at any time, upon 30 days’ prior written notice. With respect to Loan No. 35, Enfield Industrial, the Fourth Largest Tenant, Classic Toy Soldiers, Inc, may terminate its lease at any time, upon 30 days’ prior written notice. With respect to Loan No. 45, 51 Haddonfield, the Largest Tenant, GSA IRS, has the right to terminate its lease at any time after December 15, 2027, upon 180 days’ prior written notice. With respect to Loan No. 45, 51 Haddonfield, the Second Largest Tenant, Benefits Consultants Group / Horace Mann, has the one-time right to terminate its lease effective as of December 31, 2030, by providing 12 months prior written notice and paying an early termination fee of unamortized costs at a 6% annual rate plus $109,627. With respect to Loan No. 45, 51 Haddonfield, the Third Largest Tenant, GSA DHS, has the right to terminate its lease at any time upon 180 days’ prior written notice. With respect to Loan No. 45, 51 Haddonfield, the Fifth Largest Tenant, CRRC MA Corporation, has two options to terminate its lease after the 25th or 31st month of its lease (February 29, 2026 and August 31, 2026, respectively), by providing at least six months written notice and paying a fee equal to the unamortized leasing and construction costs, rental concessions, brokerage commissions and legal costs incurred by the borrower amortized monthly over the initial term of the lease at an annual interest rate of 8%. | |
(24) | With respect to Loan No. 2, 277 Park Avenue, there is no non-recourse carveout guarantor or environmental indemnitor separate from the borrower. |
(25) | Each letter identifies a group of related borrowers. |
(26) | The classification of the lockbox types is described in the preliminary prospectus. See “Description of the Mortgage Pool—Certain Calculations and Definitions” and “—Definitions” in the preliminary prospectus for further details. |
(27) | With respect to Loan No. 6, Langdon at Walnut Park, all necessary documentation for admission into the PHFC program was effectuated, and as such, the mortgaged property is part of the PHFC program; however, the tax exemption has not yet been granted by the applicable central appraisal district. The mortgage loan documents provide full recourse to the guarantor until such time as the tax exemption has been granted for the benefit of the mortgaged property. Once granted, the tax exemption is expected to be retroactive to the date fee ownership in the mortgaged property was transferred by the borrower to PHFC, on or about August 29, 2024, and continue for the term of the related ground lease or until its earlier termination. No real estate taxes were underwritten due to entry into the PHFC program. With respect to Loan No. 15, Bronx Terminal Market, the mortgaged property benefits from a payment in lieu of taxes (“PILOT”) arrangement with the City of New York that expires in the 2032/2033 tax year. The exemption amount is 100% in tax year 2023/2024 and reduces by 10% per year until expiration. In tax year 2023/2024, unabated taxes were estimated to be $13,436,971. Underwritten property taxes are based on the borrower’s budgeted amount, which takes into account the PILOT exemption. With respect to Loan No. 16, The Boulevard at Oakley Station Phase II, the mortgaged property is subject to a 15-year tax abatement (“PILOT”) that runs through tax year 2032. The PILOT was predicated upon the mortgaged property receiving a leadership in energy and environmental design certification which was achieved. The improvements at the mortgaged property are abated at 100% of their value but there is still a 25% tax liability on the improvements that is payable to the Cincinnati public school system. The mortgage loan documents include a non-recourse carveout for any losses sustained due to any failure of the borrower to make a school tax payment. The mortgaged property is also part of a tax increment finance district (“TIF”). Under the TIF, (i) the mortgaged property is subject to an exemption for real estate taxes that runs from tax year 2013 through tax year 2042 and (ii) |
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the borrower is required to pay service payments in lieu of taxes on the increased value of both the land and the improvements. The TIF payments are pledged to the payment of the TIF bonds. With respect to Loan No. 18, 161 Meserole Avenue, the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development and is required to reserve at least 30% of the units for households earning up to 130% of area median income under affordable housing guidelines. The 421-a tax abatement phases out in the 2058/2059 tax year. The borrower has opted to reserve 31.03% (nine units) of the units at the mortgaged property for tenants earning no more than 130% of the area median income. The 421-a tax abatement is expected to provide a (i) 100% tax exemption for the first 25 years and (ii) 31.03% tax exemption for years 26 through 35, with full taxes commencing at the end of the 35th applicable tax year. The 421-a tax abatement is pending approval, and the abatement period has not yet started. The full unabated estimated taxes for the 2024/2025 tax year are $288,486 compared to the underwritten taxes of $10,586. With respect to Loan No. 22, GNL Industrial Portfolio, The CSTK - St. Louis, MO mortgaged property is subject to tax increment financing (“TIF”) in which the City of St. Louis, Missouri issued bonds and reimbursed the prior owner for costs expended to develop the related mortgaged property before the related borrower acquired it in 2020. The city services those bond payments through tax increment and payment in lieu of taxes (“PILOT”) payments collected from the related borrower. The TIF structure does not create any additional or ongoing obligations on the part of the related borrower or the related mortgaged property (other than the PILOT payments). The related borrower is required to make PILOT payments when they become due, and the PILOT program terminates on January 30, 2037. The PILOT payments are equal to the real property taxes that would have been charged had the TIF structure not been in place. The lender underwrote the PILOT amount, which does not vary over the term. | |
With respect to Loan No. 23, Chicago 12-Property Multifamily Portfolio, the 7818-7820 South South Shore Drive mortgaged property and the 8139-8145 South Maryland Avenue mortgaged property are each expected to benefit from a 10-year tax abatement under the Affordable Housing Special Assessment Program of Cook County. In connection with each tax abatement, the borrower will be required to reserve 15% of the units at the related mortgaged properties for tenants earning no more than 60% of the area median income, subject to certain rental restrictions. Additionally, the 7770-7778 South South Shore Drive mortgaged property and the 7956 South Normal Avenue mortgaged property are each expected to benefit from a 10-year tax abatement under the Affordable Housing Special Assessment Program of Cook County. In connection with each tax abatement, the borrower will be required to reserve 35% of the units at the related mortgaged properties for tenants earning no more than 60% of the area median income, subject to certain rental restrictions. The full unabated taxes for the mortgaged properties were underwritten. With respect to Loan No. 40, 2758 Creston Avenue, the borrower applied for a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development. In connection with the 421-a tax abatement, the borrower is required to reserve at least 30% of the units at the mortgaged property for tenants earning up to 130% of the area median income, subject to certain rental restrictions. The 421-a tax abatement provides a 100% tax exemption for the first 25 years, and then phases out over the next 10 years. With respect to Loan No. 51, 286 East 163rd Street, the mortgaged property benefits from a 35-year 421-a tax abatement under the NYC Department of Housing Preservation & Development 421-a tax abatement program that commenced in 2024. In connection with the 421-a tax abatement, the borrower is required to reserve at least 30% of the units at the mortgaged property for tenants earning up to 130% of the area median income, subject to certain rental restrictions. The 421-a tax abatement provides a 100% tax exemption for the first 25 years, and then phases out over the next 10 years. With respect to Loan No. 54, 1668 Bergen Street, the mortgaged property is expected to benefit from a 35-year 421-a tax abatement from the NYC Department of Housing Preservation & Development and is required to reserve at least 30% of the units for households earning up to 130% of area median income under affordable housing guidelines. The 421-a tax abatement phases out in the 2058/2059 tax year. The borrower has opted to reserve 60% (six) of the units at the mortgaged property for tenants earning no more than 130% of the area median income. The 421-a tax abatement is expected to provide a (i) 100% tax exemption for the first 25 years and (ii) 60% tax exemption for years 26 through 35, with full taxes commencing at the end of the 35th applicable tax year. The 421-a tax abatement is pending approval, and the abatement period has not yet started. The full unabated estimated taxes for the 2024/2025 tax year are $59,838 compared to the underwritten taxes of $1,226. | |
(28) | With respect to Loan No. 12, Charlotte MHP Portfolio, the Queen’s Grant mortgaged property is subject to a master lease for 37 pads dated as of December 23, 2021, between CHR VIII-PCP MHC Charlotte Queens, L.L.C., a co-borrower, as lessor, and CHR VIII-PCP MHC Charlotte Queens Owner, L.L.C., an affiliate of the borrowers, as |
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lessee. The lessee is required to pay the lessor rent in an amount initially equal to $600 per month per leased pad subject to the master lease, regardless of whether such pad is vacant or occupied, without offset or abatement, and such monthly amount of rent will be adjusted every 12 months to the highest rate being charged by the lessor to a tenant for a pad leased directly by the lessor to a tenant but in no case less than $600. With respect to Loan No. 12, Charlotte MHP Portfolio, the Arrowood mortgaged property is subject to a master lease for 31 pads dated as of December 23, 2021, between CHR VIII-PCP MHC Charlotte Arrowood, L.L.C., a co-borrower, as lessor, and CHR VIII-PCP MHC Charlotte Arrowood Owner, L.L.C., an affiliate of the borrowers, as lessee. The lessee is required to pay the lessor rent in an amount initially equal to $600 per month per leased pad subject to the master lease, regardless of whether such pad is vacant or occupied, without offset or abatement, and such monthly amount of rent will be adjusted every 12 months to the highest rate being charged by the lessor to a tenant for a pad leased directly by the lessor to a tenant but in no case less than $600. With respect to Loan No. 18, 161 Meserole Avenue, the borrower sponsors entered into a master lease with the borrower for the seven vacant residential units at the mortgaged property. The master lease has a term of eight years and expires in August 2032. The master lease may be terminated upon the satisfaction of certain conditions, including, but not limited to, (i) no event of default under the mortgage loan then exists, (ii) the borrower has provided a certified rent roll with 100% occupancy, (iii) the borrower has provided the executed leases for all nine affordable units and (iv) the DSCR, based on trailing one-month income, annualized less the greater of (a) underwritten operating expenses ($163,477) and (b) actual operating expenses is greater than or equal to 1.30x. With respect to Loan No. 22, GNL Industrial Portfolio, the CF Sauer – 184 Suburban, CF Sauer – 9 Old Mill Road, CF Sauer – 2447 Eunice Avenue, CF Sauer – 39 S Park Dr. and CF Sauer – 513 West Butler Road mortgaged properties are subject to a master lease between ARG CFSRSLB001, LLC, as lessor, and Sauer Brands, Inc., as lessee. With respect to Loan No. 37, Southpointe and Lakecrest, at origination, Lakecrest Acquisition, LLC and 5650 Tampa Acquisitions, LLC, co-borrowers, entered into a lease agreement with RE2011, CORP., a borrower affiliate, covering four suites at the Lakecrest mortgaged property (32.4% of the NRA) and one suite at the Southpointe mortgaged property (5.8% of the NRA) (the “Southpointe and Lakecrest Affiliate Lease”) which are currently leased by existing tenants at the mortgaged properties pursuant to leases that are scheduled to expire within six months of origination of the related mortgage loan, excluding the Roskamp Institute, Inc. lease, which is scheduled to expire in November 2026. As to any space under the existing tenant leases, the Southpoint and Lakecrest Affiliate Lease will commence upon the earlier to occur of (i) the expiration date of any existing tenant lease or (ii) the date any existing tenant ceases to pay rent under the terms of its existing lease, and will continue for a term of 12 months unless terminated earlier pursuant to the terms of the Southpointe and Lakecrest Affiliate Lease. The Southpointe and Lakecrest Affiliate Lease will terminate (a) in full upon repayment of the related mortgage loan and (b) in part, as to any existing tenant space, if among other things (i) the tenant under any existing lease executes a renewal for such lease with a minimum term of 12 months beyond the then-current expiration date of such lease or (ii) the borrower enters into a replacement lease with a new tenant for the same space, in each case subject to satisfaction of the requirements set forth in the Southpointe and Lakecrest Affiliate Lease and the Southpoint and Lakecrest mortgage loan documents. | |
With respect to Loan No. 39, Birch Knoll & Saucon Valley Crossing MHP, the mortgaged property is subject to a master lease for 25 lots and homes dated August 9, 2024, between Birch Knoll MHC, LLC, a co-borrower, as lessor, and FM MHC Homes III, LLC (“FM”), an affiliate of the borrowers, as lessee. The FM lease has a term of one year and will automatically renew for another year upon the same terms and conditions. The FM lease may be terminated if: (i) either of the lessor or lessee elects to terminate the lease by written notice delivered to the other party no less than 60 days in advance of the expiration of the then current term, during which the lessee will be required to pay rent to the lessor in an amount equal to the rent collected by the lessee from the third-party tenants or occupants of the lots and homes and (ii) provided that such rent payable to the lessor will not exceed the amount of rent attributable to the applicable lot which at a minimum will be no less than $445 per lot. With respect to Loan No. 53, 431 Dekalb Avenue, the borrower entered into a master lease with a borrower-affiliate for one seven-bedroom unit at the mortgaged property. | |
(29) | - Artisan Foods Portfolio – 201 Merrimack Street - Chicago 12-Property Multifamily Portfolio - 11214-11218 South Indiana Avenue, 8001-8007 South Eberhart Avenue, 9017-9025 South Cottage Grove Avenue, 8705-8711 South Morgan Street - 1668 Bergen Street |
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(30) | With respect to Loan No. 8, BioMed 2024 Portfolio, the increase in Underwritten NOI compared to Most Recent NOI is primarily attributable to (i) rent increases through May 31, 2025 and (ii) straight line rent credit for investment grade tenants. With respect to Loan No. 8, BioMed 2024 Portfolio 2, the Interest Rate % represents the weighted average of component A and component B of the BioMed 2024 Portfolio 2 Whole Loan, which components are comprised of, collectively, Note A-1, Note A-2, Note A-3, Note A-4, Note A-5-1, Note A-5-2, Note A-5-3, Note A-6, Note A-7 and Note A-8. See the definition of “Weighted Average Interest Rate” set forth under “Description of the Mortgage Pool—Definitions” in the preliminary prospectus. With respect to Loan No. 15, Bronx Terminal Market, commencing on August 2, 2024 and every five years thereafter, the ground tenant is required to pay ground rent equal to the greater of (i) 105% of the immediately preceding adjusted base amount or (ii) 5% of gross revenues (defined as all rent received from subtenants minus (a) a management fee of 3% of rent from subtenants received by the ground tenant and (b) aggregate compensation and associated costs and expenses for two on-site personnel engaged in the operation of the Bronx Terminal Market mortgaged property). As part of Target's lease, the tenant paid an upfront buydown of its rent of $46,394,000. Gross revenues utilized to calculate percent ground rent include an amortized imputed annual gross revenue amount from the Target buydown, calculated at an annual rate of 6.9% of the total buydown. The underwritten annual ground rent is $1,371,008 based on the lender’s underwriting assumptions. The 2023 ground rent was $1,078,546. With respect to Loan No. 21, DeKalb Student Housing, the mortgaged property consists of 42 individual buildings located in 419 Normal Road, 501 Lucinda Avenue, 623 Lucinda Avenue, 627 Lucinda Avenue, 707 Lucinda Avenue, 711-715 Lucinda Avenue, 807 Lucinda Avenue, 817 Lucinda Avenue, 418 Russell Road, 420 Russell Road, 431 Russell Road, 803 Hillcrest Drive / 1011 Normal Road, 845 Pappas Drive, 855 Pappas Drive, 895 Pappas Drive, 925 Pappas Drive, 935 Pappas Drive, 845 Spiros Court, 910 Spiros Court, 922 Spiros Court, 934 Spiros Court, 935 Spiros Court, 1000 Spiros Court, 1020 Spiros Court, 1050 Spiros Court, 1001 Spiros Court, 1019 Spiros Court, 1037 Spiros Court, 1006 Aspen Court, 1018 Aspen Court, 1068 Aspen Court, 1032 Aspen Court, 1044 Aspen Court, 1056 Aspen Court, 1084 Aspen Court, 1089 Aspen Court, 1092 Aspen Court, 1009 Aspen Court, 1025 Aspen Court, 1043 Aspen Court, 1090 Rushmore Drive and 801 Lucinda Avenue. With respect to Loan No. 35, Enfield Industrial, the mortgaged property is part of the 53 Manning Road Condominium, which consists of two units. The mortgaged property, Condo Unit 1, is comprised of 244,505 square feet of industrial space. Condo Unit 2, which is not part of the collateral, is a self-storage facility separately managed and financed but is under the control of an affiliate of the borrower sponsor. |
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