FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-259741-09 |
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The value of and income from investments may vary because of changes in interest rates, foreign exchange rates, default rates, prepayment rates, securities/instruments prices, market indexes, operational or financial conditions of companies or other factors. There may be time limitations on the exercise of options or other rights in securities/instruments transactions. Past performance is not necessarily a guide to future performance. Estimates of future performance are based on assumptions that may not be realized. Actual events may differ from those assumed and changes to any assumptions may have a material impact on any projections or estimates. Other events not taken into account may occur and may significantly affect the projections or estimates. Certain assumptions may have been made for modeling purposes only to simplify the presentation and/or calculation of any projections or estimates, and the Underwriters do not represent that any such assumptions will reflect actual future events. Accordingly, there can be no assurance that estimated returns or projections will be realized or that actual returns or performance results will not materially differ from those estimated herein. Some of the information contained in this document may be aggregated data of transactions in securities or other financial instruments executed by an Underwriter that has been compiled so as not to identify the underlying transactions of any particular customer.
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator(1) | Mortgage Loan Seller(1) | Related Group | Crossed Group | Address | City | County | State | Zip Code |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 9.2% | JPMCB | JPMCB | NAP | NAP | Various | New York | New York | NY | 10013 | |
1.01 | Property | 1 | Soho Grand Hotel | 5.9% | 64.4% | 310 West Broadway | New York | New York | NY | 10013 | |||||
1.02 | Property | 1 | Roxy Hotel | 3.3% | 35.6% | 2 Sixth Avenue | New York | New York | NY | 10013 | |||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 8.3% | 100.0% | CREFI | CREFI | NAP | NAP | 1 Town Square Boulevard | Asheville | Buncombe | NC | 28803 |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 7.8% | CREFI | CREFI | NAP | NAP | Various | Various | Various | Various | Various | |
3.01 | Property | 1 | Ringgold | 1.0% | 12.7% | 100 Morgan Olson Way | Ringgold | Pittsylvania | VA | 24586 | |||||
3.02 | Property | 1 | Laval | 0.6% | 7.9% | 3600 Boulevard Industriel | Laval | Laval | QC | H7L 4R9 | |||||
3.03 | Property | 1 | Loudon | 0.5% | 7.0% | 9600 Corporate Park Drive | Loudon | Loudon | TN | 37774 | |||||
3.04 | Property | 1 | Salt Lake City | 0.5% | 6.0% | 4285 West 1385 South | Salt Lake City | Salt Lake | UT | 84104 | |||||
3.05 | Property | 1 | Morgantown | 0.4% | 5.6% | 111 Morgan Way | Morgantown | Berks | PA | 19543 | |||||
3.06 | Property | 1 | Reading | 0.4% | 4.7% | 201 Hancock Boulevard | Reading | Berks | PA | 19611 | |||||
3.07 | Property | 1 | Orrville | 0.3% | 3.9% | 600 East Chestnut Street | Orrville | Wayne | OH | 44667 | |||||
3.08 | Property | 1 | Riverside I | 0.3% | 3.9% | 7888 Lincoln Avenue | Riverside | Riverside | CA | 92504 | |||||
3.09 | Property | 1 | Spring Hill | 0.3% | 3.8% | 15800 Hudson Avenue | Spring Hill | Pasco | FL | 34610 | |||||
3.10 | Property | 1 | Janesville | 0.3% | 3.6% | 3100 East Morgan Way | Janesville | Rock | WI | 53546 | |||||
3.11 | Property | 1 | Sturgis II | 0.3% | 3.5% | 1801 South Nottawa Street | Sturgis | St. Joseph | MI | 49091 | |||||
3.12 | Property | 1 | Denver | 0.3% | 3.4% | 1658 Dry Tavern Road | Denver | Lancaster | PA | 17517 | |||||
3.13 | Property | 1 | Sturgis I | 0.2% | 3.0% | 1861 South Centerville Road | Sturgis | St. Joseph | MI | 49091 | |||||
3.14 | Property | 1 | Social Circle | 0.2% | 2.7% | 1 Waters Drive | Social Circle | Walton | GA | 30025 | |||||
3.15 | Property | 1 | Caldwell | 0.2% | 2.6% | 3820 Skyway Street | Caldwell | Canyon | ID | 83605 | |||||
3.16 | Property | 1 | Brenham | 0.2% | 2.5% | 3140 South Blue Bell Road | Brenham | Washington | TX | 77833 | |||||
3.17 | Property | 1 | Clinton | 0.2% | 2.3% | 6315 & 6401 Aaron Lane | Clinton | Prince George's | MD | 20735 | |||||
3.18 | Property | 1 | Ehrenberg | 0.2% | 2.3% | 18275 Morgan Drive | Ehrenberg | La Paz | AZ | 85334 | |||||
3.19 | Property | 1 | Rydal | 0.2% | 2.2% | 4120 Highway 411 Northeast | Rydal | Bartow | GA | 30171 | |||||
3.20 | Property | 1 | Claremore | 0.2% | 2.0% | 2800 North Lynn Riggs Boulevard | Claremore | Rogers | OK | 74017 | |||||
3.21 | Property | 1 | West Palm Beach | 0.1% | 1.8% | 2983 South Military Trail | West Palm Beach | Palm Beach | FL | 33415 | |||||
3.22 | Property | 1 | Decatur | 0.1% | 1.7% | 1102 Brooks Street Southeast | Decatur | Morgan | AL | 35601 | |||||
3.23 | Property | 1 | North Salt Lake | 0.1% | 1.7% | 330 West Center Street | North Salt Lake | Davis | UT | 84054 | |||||
3.24 | Property | 1 | Ephrata | 0.1% | 1.7% | 485 Wenger Drive | Ephrata | Lancaster | PA | 17522 | |||||
3.25 | Property | 1 | Nashville | 0.1% | 1.3% | 1801 Lebanon Pike | Nashville | Davidson | TN | 37210 | |||||
3.26 | Property | 1 | Louisville | 0.1% | 1.3% | 5620 Fern Valley Road | Louisville | Jefferson | KY | 40228 | |||||
3.27 | Property | 1 | Riverside II | 0.1% | 1.3% | 7322 Jurupa Avenue | Riverside | Riverside | CA | 92504 | |||||
3.28 | Property | 1 | Corsicana | 0.1% | 1.2% | 8051 Morgan Circle | Corsicana | Navarro | TX | 75109 | |||||
3.29 | Property | 1 | Centralia | 0.1% | 1.2% | 2400 Commercial Road | Centralia | Lewis | WA | 98531 | |||||
3.30 | Property | 1 | Indianapolis | 0.1% | 0.8% | 2770 Bluff Road | Indianapolis | Marion | IN | 46225 | |||||
3.31 | Property | 1 | Elkhart | 0.0% | 0.4% | 28858 Ventura Drive | Elkhart | Elkhart | IN | 46517 | |||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 7.8% | 100.0% | BANA | BANA | NAP | NAP | 300 Toni Stone Xing | San Francisco | San Francisco | CA | 94158 |
5 | Loan | 5 | 1 | Grapevine Mills | 7.4% | 100.0% | WFB, JPMCB | WFB, JPMCB | Group 1 | NAP | 3000 Grapevine Mills Parkway and 2501 Bass Pro Drive | Grapevine | Tarrant | TX | 76051 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 6.0% | 100.0% | MSBNA | MSMCH | NAP | NAP | 10950 North Torrey Pines Road | La Jolla | San Diego | CA | 92037 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 4.9% | 100.0% | GSBI | GSMC | NAP | NAP | 333 East Street Southwest | Washington | District of Columbia | DC | 20024 |
8 | Loan | 1 | Germantown Commons | 4.5% | 100.0% | WFB | WFB | NAP | NAP | 12922-13060 Middlebrook Road | Germantown | Montgomery | MD | 20874 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 4.2% | 100.0% | JPMCB | JPMCB | Group 2 | NAP | 20 & 40 Pacifica | Irvine | Orange | CA | 92618 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 4.1% | 100.0% | GSBI | GSMC | NAP | NAP | 900 North Michigan Avenue | Chicago | Cook | IL | 60611 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 3.7% | 100.0% | WFB, JPMCB | WFB, JPMCB | NAP | NAP | 8400 Costa Verde Drive | Myrtle Beach | Horry | SC | 29572 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 2.9% | GSBI | GSMC | NAP | NAP | Various | Various | Queens | NY | Various | |
12.01 | Property | 1 | 30-56 Whitestone Expressway | 1.5% | 52.1% | 30-56 Whitestone Expressway | Flushing | Queens | NY | 11354 | |||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | 1.4% | 47.9% | 168-35 Rockaway Boulevard | Jamaica | Queens | NY | 11434 | |||||
13 | Loan | 5, D | 1 | 610 Newport Center | 2.8% | 100.0% | WFB, JPMCB | WFB, JPMCB | Group 2 | NAP | 610 Newport Center Drive | Newport Beach | Orange | CA | 92660 |
14 | Loan | 1 | Briarcliff Commons | 2.8% | 100.0% | MSBNA | MSMCH | NAP | NAP | 1711 State Route 10 East | Morris Plains | Morris | NJ | 07950 | |
15 | Loan | 1 | Kendall Value Center | 2.3% | 100.0% | MSBNA | MSMCH | NAP | NAP | 6801 Southwest 117th Avenue | Miami | Miami-Dade | FL | 33176 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | 2.2% | 100.0% | CREFI | CREFI | NAP | NAP | 1315 Dixwell Avenue | Hamden | New Haven | CT | 06514 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 2.1% | CREFI | CREFI | NAP | NAP | Various | Various | Various | Various | Various | |
17.01 | Property | 1 | Compass Self Storage Alachua | 0.9% | 40.8% | 14024 Northwest US Highway 441 | Alachua | Alachua | FL | 32615 | |||||
17.02 | Property | 1 | Metro Self Storage – Limerick | 0.8% | 39.1% | 60 West Ridge Pike | Limerick | Montgomery | PA | 19468 | |||||
17.03 | Property | 1 | Compass Self Storage Cleveland | 0.4% | 20.1% | 1545-1549 and 1559 Superior Avenue | Cleveland | Cuyahoga | OH | 44114 | |||||
18 | Loan | 5 | 1 | Newport Centre | 1.8% | 100.0% | GSBI | GSMC | Group 1 | NAP | 30 Mall Drive West | Jersey City | Hudson | NJ | 07310 |
19 | Loan | 1 | East West Commons | 1.7% | 100.0% | CREFI | CREFI | NAP | NAP | 1757 East West Connector | Austell | Cobb | GA | 30106 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | 1.7% | 100.0% | WFB | WFB | NAP | NAP | 1824 Roxborough Road | Charlotte | Mecklenburg | NC | 28211 |
21 | Loan | 1 | Brooklyn Renaissance Garage | 1.4% | 100.0% | CREFI | CREFI | NAP | NAP | 335 Adams Street | Brooklyn | Kings | NY | 11201 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 1.3% | BANA | BANA | NAP | NAP | Various | Worth | Cook | IL | 60482 | |
22.01 | Property | 1 | Waters Edge | 0.7% | 56.6% | 7211, 7220, 7225 and 7230 Southwest Highway and 7250, 7240, 7220 and 7211 West 107th Street | Worth | Cook | IL | 60482 | |||||
22.02 | Property | 1 | Southwest Estates | 0.6% | 43.4% | 104 and 10401 Southwest Highway | Worth | Cook | IL | 60482 | |||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 1.3% | 100.0% | BANA | BANA | NAP | NAP | 3850 Research Park Drive | Ann Arbor | Washtenaw | MI | 48108 | |
24 | Loan | 1 | 115 West 190th Street | 1.2% | 100.0% | GSBI | GSMC | NAP | NAP | 115 West 190th Street | Bronx | Bronx | NY | 10468 | |
25 | Loan | 1 | 345 Tenth Street | 0.9% | 100.0% | WFB | WFB | NAP | NAP | 345 10th Street | Jersey City | Hudson | NJ | 07302 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 0.8% | 100.0% | NCCB | NCB | NAP | NAP | 679-709 Warburton Avenue | Yonkers | Westchester | NY | 10701 |
27 | Loan | 1 | Hampton Inn Grandville | 0.8% | 100.0% | CREFI | CREFI | NAP | NAP | 4755 Wilson Avenue Southwest | Grandville | Kent | MI | 49418 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 0.8% | 100.0% | MSBNA | MSMCH | NAP | NAP | 5910 Merchants Street | Florence | Boone | KY | 41042 | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 0.7% | MSBNA | MSMCH | NAP | NAP | Various | Various | Various | LA | Various | |
29.01 | Property | 1 | White Oaks MHC | 0.2% | 25.5% | 37113 White Road | Prairieville | Ascension | LA | 70769 |
A-1-1 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | % of Initial Pool Balance | % of Loan Balance | Mortgage Loan Originator(1) | Mortgage Loan Seller(1) | Related Group | Crossed Group | Address | City | County | State | Zip Code |
29.02 | Property | 1 | Magnolia Trace MHC | 0.2% | 23.6% | 25589 LA Highway 16 | Denham Springs | Livingston | LA | 70726 | |||||
29.03 | Property | 1 | Herradura Heights | 0.1% | 21.8% | 41489 West I 55 Service Road | Hammond | Tangipahoa | LA | 70454 | |||||
29.04 | Property | 1 | Cypress Trace MHC | 0.1% | 16.4% | 10504 Highway 22 | Saint Amant | Ascension | LA | 70774 | |||||
29.05 | Property | 1 | Village Trace MHC | 0.1% | 12.7% | 47021 Highway 22 | Saint Amant | Ascension | LA | 70774 | |||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 0.6% | 100.0% | NCB | NCB | NAP | NAP | 2 Fowler Avenue a/k/a 20-30 Daley Place and 20-40 Daley Place | Lynbrook | Nassau | NY | 11563 |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 0.5% | 100.0% | NCCB | NCB | NAP | NAP | 14 Horatio Street a/k/a 54/60 8th Avenue a/k/a 12/18 Horatio Street | New York | New York | NY | 10014 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 0.4% | 100.0% | MSBNA | MSMCH | NAP | NAP | 741 East Boughton Road | Bolingbrook | Will | IL | 60440 |
33 | Loan | 21 | 1 | 169 East Broadway | 0.3% | 100.0% | BANA | BANA | NAP | NAP | 169 East Broadway | New York | New York | NY | 10002 |
34 | Loan | 1 | Riverwinds MHC | 0.3% | 100.0% | WFB | WFB | NAP | NAP | 27825 Sandy Drive | Millsboro | Sussex | DE | 19966 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 2640 Marion Avenue | Bronx | Bronx | NY | 10458 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 0.2% | 100.0% | NCB | NCB | NAP | NAP | 1500 Boston Road | Bronx | Bronx | NY | 10460 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 0.2% | 100.0% | NCCB | NCB | NAP | NAP | 15 Clark Street | Brooklyn | Kings | NY | 11201 |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 0.1% | 100.0% | NCCB | NCB | NAP | NAP | 139 East 66th Street | New York | New York | NY | 10065 |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 0.1% | 100.0% | NCCB | NCB | NAP | NAP | 25 Trinity Place | New Rochelle | Westchester | NY | 10805 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 0.1% | 100.0% | NCCB | NCB | NAP | NAP | 46 West 96th Street | New York | New York | NY | 10025 |
A-1-2 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 %(3) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | Hospitality | Full Service | Various | Various | 548 | Rooms | 371,350.36 | 100,000,000 | 100,000,000 | 100,000,000 | 5.54000% | 0.01453% |
1.01 | Property | 1 | Soho Grand Hotel | Hospitality | Full Service | 1996 | 2018-2021 | 347 | Rooms | 64,370,079 | 64,370,079 | 64,370,079 | ||||
1.02 | Property | 1 | Roxy Hotel | Hospitality | Full Service | 2000 | 2016 | 201 | Rooms | 35,629,921 | 35,629,921 | 35,629,921 | ||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | Mixed Use | Retail/Multifamily/Office | 2009 | NAP | 499,998 | SF | 180.00 | 90,000,000 | 90,000,000 | 90,000,000 | 6.51000% | 0.01453% |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | Industrial | Various | Various | Various | 4,526,168 | SF | 30.73 | 85,000,000 | 85,000,000 | 85,000,000 | 5.65000% | 0.01453% |
3.01 | Property | 1 | Ringgold | Industrial | Manufacturing | 2008 | 2019 | 878,000 | SF | 10,757,173 | 10,757,173 | 10,757,173 | ||||
3.02 | Property | 1 | Laval | Industrial | Manufacturing/Vehicle Storage | 1987 | NAP | 117,533 | SF | 6,723,233 | 6,723,233 | 6,723,233 | ||||
3.03 | Property | 1 | Loudon | Industrial | Manufacturing | 1996, 2005, 2007 | 2015 | 334,024 | SF | 5,959,229 | 5,959,229 | 5,959,229 | ||||
3.04 | Property | 1 | Salt Lake City | Industrial | Manufacturing/Warehouse | 2009 | NAP | 109,914 | SF | 5,134,105 | 5,134,105 | 5,134,105 | ||||
3.05 | Property | 1 | Morgantown | Industrial | Manufacturing/Vehicle Storage | 1950 | 2014 | 246,843 | SF | 4,767,383 | 4,767,383 | 4,767,383 | ||||
3.06 | Property | 1 | Reading | Industrial | Manufacturing/Warehouse | 1951 | 1998 | 323,381 | SF | 4,033,940 | 4,033,940 | 4,033,940 | ||||
3.07 | Property | 1 | Orrville | Industrial | Manufacturing/Warehouse | 1922 | 2018 | 347,024 | SF | 3,331,056 | 3,331,056 | 3,331,056 | ||||
3.08 | Property | 1 | Riverside I | Industrial | Manufacturing | 1979 | NAP | 66,000 | SF | 3,300,496 | 3,300,496 | 3,300,496 | ||||
3.09 | Property | 1 | Spring Hill | Industrial | Manufacturing | 2008 | NAP | 80,400 | SF | 3,239,376 | 3,239,376 | 3,239,376 | ||||
3.10 | Property | 1 | Janesville | Industrial | Manufacturing/Vehicle Storage | 1990 | 2015 | 196,098 | SF | 3,056,015 | 3,056,015 | 3,056,015 | ||||
3.11 | Property | 1 | Sturgis II | Industrial | Manufacturing | 1967 | 2020 | 204,555 | SF | 2,994,895 | 2,994,895 | 2,994,895 | ||||
3.12 | Property | 1 | Denver | Industrial | Manufacturing/Warehouse | 2000 | 2017 | 98,485 | SF | 2,872,654 | 2,872,654 | 2,872,654 | ||||
3.13 | Property | 1 | Sturgis I | Industrial | Manufacturing | 1960 | NAP | 175,700 | SF | 2,567,053 | 2,567,053 | 2,567,053 | ||||
3.14 | Property | 1 | Social Circle | Industrial | Manufacturing/Warehouse | 1970 | 1994 | 200,342 | SF | 2,322,571 | 2,322,571 | 2,322,571 | ||||
3.15 | Property | 1 | Caldwell | Industrial | Manufacturing/Warehouse | 2018 | NAP | 37,100 | SF | 2,230,891 | 2,230,891 | 2,230,891 | ||||
3.16 | Property | 1 | Brenham | Industrial | Manufacturing/Warehouse | 1993 | 2002 | 128,225 | SF | 2,139,210 | 2,139,210 | 2,139,210 | ||||
3.17 | Property | 1 | Clinton | Industrial | Manufacturing/Warehouse | 1962, 1969 | NAP | 17,552 | SF | 1,955,850 | 1,955,850 | 1,955,850 | ||||
3.18 | Property | 1 | Ehrenberg | Industrial | Manufacturing/Warehouse | 1986 | 2017 | 120,416 | SF | 1,955,850 | 1,955,850 | 1,955,850 | ||||
3.19 | Property | 1 | Rydal | Industrial | Manufacturing/Warehouse | 1987, 2000, 2014 | NAP | 102,697 | SF | 1,839,721 | 1,839,721 | 1,839,721 | ||||
3.20 | Property | 1 | Claremore | Industrial | Manufacturing | 1981 | NAP | 101,498 | SF | 1,711,368 | 1,711,368 | 1,711,368 | ||||
3.21 | Property | 1 | West Palm Beach | Industrial | Manufacturing/Warehouse | 1984 | NAP | 24,890 | SF | 1,528,007 | 1,528,007 | 1,528,007 | ||||
3.22 | Property | 1 | Decatur | Industrial | Manufacturing/Warehouse | 1965 | 2018 | 183,804 | SF | 1,451,607 | 1,451,607 | 1,451,607 | ||||
3.23 | Property | 1 | North Salt Lake | Industrial | Manufacturing/Warehouse | 1980 | 1996 | 26,145 | SF | 1,436,327 | 1,436,327 | 1,436,327 | ||||
3.24 | Property | 1 | Ephrata | Industrial | Manufacturing/Vehicle Storage | 1970 | NAP | 55,198 | SF | 1,405,767 | 1,405,767 | 1,405,767 | ||||
3.25 | Property | 1 | Nashville | Industrial | Warehouse/Distribution | 1995 | 2022 | 18,144 | SF | 1,124,614 | 1,124,614 | 1,124,614 | ||||
3.26 | Property | 1 | Louisville | Industrial | Manufacturing | 1997 | NAP | 26,325 | SF | 1,075,717 | 1,075,717 | 1,075,717 | ||||
3.27 | Property | 1 | Riverside II | Industrial | Vehicle Storage | NAP | NAP | 137,214 | SF | 1,075,717 | 1,075,717 | 1,075,717 | ||||
3.28 | Property | 1 | Corsicana | Industrial | Manufacturing/Warehouse | 1982 | 2012 | 75,616 | SF | 1,039,045 | 1,039,045 | 1,039,045 | ||||
3.29 | Property | 1 | Centralia | Industrial | Warehouse | 1950 | 2000 | 47,826 | SF | 993,205 | 993,205 | 993,205 | ||||
3.30 | Property | 1 | Indianapolis | Industrial | Warehouse | 1970 | 2012 | 28,364 | SF | 672,323 | 672,323 | 672,323 | ||||
3.31 | Property | 1 | Elkhart | Industrial | Warehouse | 1983 | 2010 | 16,855 | SF | 305,602 | 305,602 | 305,602 | ||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | Office | CBD | 2023 | NAP | 320,658 | SF | 695.44 | 85,000,000 | 85,000,000 | 85,000,000 | 5.50600% | 0.01578% |
5 | Loan | 5 | 1 | Grapevine Mills | Retail | Super Regional Mall | 1997 | 2015 | 1,628,140 | SF | 153.55 | 80,500,000 | 80,500,000 | 80,500,000 | 6.26400% | 0.01578% |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | Hospitality | Full Service | 1989 | 2012 | 394 | Rooms | 279,187.82 | 65,000,000 | 65,000,000 | 65,000,000 | 6.68700% | 0.01578% |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | Hospitality | Extended Stay | 2005 | 2012, 2018 | 233 | Rooms | 227,467.81 | 53,000,000 | 53,000,000 | 53,000,000 | 6.87400% | 0.01453% |
8 | Loan | 1 | Germantown Commons | Retail | Anchored | 1990 | 2003 | 200,726 | SF | 244.11 | 49,000,000 | 49,000,000 | 49,000,000 | 5.83000% | 0.01578% | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | Office | Suburban | 2007, 2008 | NAP | 627,900 | SF | 183.15 | 46,000,000 | 46,000,000 | 46,000,000 | 5.62600% | 0.01453% |
10 | Loan | 5, 15 | 1 | 900 North Michigan | Mixed Use | Retail/Office | 1988 | 2015-2018 | 831,350 | SF | 216.52 | 45,000,000 | 45,000,000 | 45,000,000 | 6.85300% | 0.01453% |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | Hospitality | Full Service | 2003 | 2017 | 405 | Rooms | 246,277.62 | 40,000,000 | 39,896,974 | 34,135,692 | 6.14500% | 0.01578% |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | Office | Suburban | 1992 | NAP | 97,629 | SF | 322.08 | 31,500,000 | 31,444,654 | 22,439,071 | 6.97500% | 0.01453% |
12.01 | Property | 1 | 30-56 Whitestone Expressway | Office | Suburban | 1992 | NAP | 58,629 | SF | 16,400,000 | 16,371,185 | 11,682,564 | ||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | Office | Suburban | 1992 | NAP | 39,000 | SF | 15,100,000 | 15,073,469 | 10,756,507 | ||||
13 | Loan | 5, D | 1 | 610 Newport Center | Office | Suburban | 1972 | 2022 | 285,638 | SF | 297.58 | 30,000,000 | 30,000,000 | 30,000,000 | 5.66600% | 0.01578% |
14 | Loan | 1 | Briarcliff Commons | Retail | Anchored | 1960 | 2020 | 179,466 | SF | 167.16 | 30,000,000 | 30,000,000 | 30,000,000 | 5.47000% | 0.01578% | |
15 | Loan | 1 | Kendall Value Center | Retail | Anchored | 1983 | NAP | 183,392 | SF | 136.32 | 25,000,000 | 25,000,000 | 25,000,000 | 6.47000% | 0.01578% | |
16 | Loan | 18 | 1 | Hamden Life Storage II | Mixed Use | Self Storage/Retail | 2002 | NAP | 128,586 | SF | 188.59 | 24,250,000 | 24,250,000 | 24,250,000 | 6.41000% | 0.01453% |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | Self Storage | Self Storage | Various | Various | 216,813 | SF | 105.62 | 22,900,000 | 22,900,000 | 22,900,000 | 6.32000% | 0.04328% |
17.01 | Property | 1 | Compass Self Storage Alachua | Self Storage | Self Storage | 2000 | 2008 | 88,765 | SF | 9,350,000 | 9,350,000 | 9,350,000 | ||||
17.02 | Property | 1 | Metro Self Storage – Limerick | Self Storage | Self Storage | 2008 | NAP | 79,363 | SF | 8,950,000 | 8,950,000 | 8,950,000 | ||||
17.03 | Property | 1 | Compass Self Storage Cleveland | Self Storage | Self Storage | 1920 | 2014 | 48,685 | SF | 4,600,000 | 4,600,000 | 4,600,000 | ||||
18 | Loan | 5 | 1 | Newport Centre | Retail | Super Regional Mall | 1987 | 2006 | 966,186 | SF | 194.58 | 20,000,000 | 20,000,000 | 20,000,000 | 5.43700% | 0.01453% |
19 | Loan | 1 | East West Commons | Retail | Anchored | 1999, 2017 | NAP | 173,197 | SF | 103.93 | 18,000,000 | 18,000,000 | 18,000,000 | 6.17000% | 0.01453% | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | Hospitality | Select Service | 2019 | NAP | 162 | Rooms | 111,111.11 | 18,000,000 | 18,000,000 | 15,303,546 | 6.02000% | 0.01578% |
21 | Loan | 1 | Brooklyn Renaissance Garage | Other | Parking Garage | 1997 | NAP | 888 | Spaces | 17,159.40 | 15,250,000 | 15,237,549 | 13,324,110 | 7.02000% | 0.01453% | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | Manufactured Housing | Manufactured Housing | 1950 | 2022 | 283 | Pads | 49,469.96 | 14,000,000 | 14,000,000 | 14,000,000 | 6.98970% | 0.01578% |
22.01 | Property | 1 | Waters Edge | Manufactured Housing | Manufactured Housing | 1950 | 2022 | 172 | Pads | 7,924,212 | 7,924,212 | 7,924,212 | ||||
22.02 | Property | 1 | Southwest Estates | Manufactured Housing | Manufactured Housing | 1950 | 2022 | 111 | Pads | 6,075,788 | 6,075,788 | 6,075,788 | ||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | Hospitality | Extended Stay | 2017 | NAP | 130 | Rooms | 107,692.31 | 14,000,000 | 14,000,000 | 12,361,623 | 7.42000% | 0.01578% | |
24 | Loan | 1 | 115 West 190th Street | Multifamily | Mid Rise | 2024 | NAP | 37 | Units | 352,216.22 | 13,032,000 | 13,032,000 | 13,032,000 | 6.55300% | 0.01453% | |
25 | Loan | 1 | 345 Tenth Street | Self Storage | Self Storage | 1880 | 1980 | 76,527 | SF | 124.14 | 9,500,000 | 9,500,000 | 9,500,000 | 6.60000% | 0.01578% | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | Multifamily | Cooperative | 1959 | 1998 | 117 | Units | 76,923.08 | 9,000,000 | 9,000,000 | 8,350,115 | 5.89000% | 0.09078% |
27 | Loan | 1 | Hampton Inn Grandville | Hospitality | Limited Service | 2019 | NAP | 101 | Rooms | 86,755.33 | 8,775,000 | 8,762,289 | 7,663,934 | 7.00000% | 0.01453% | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | Hospitality | Limited Service | 2019 | NAP | 92 | Rooms | 91,304.35 | 8,400,000 | 8,400,000 | 7,969,610 | 7.04000% | 0.01578% | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | Manufactured Housing | Manufactured Housing | Various | NAP | 195 | Pads | 36,615.38 | 7,140,000 | 7,140,000 | 7,140,000 | 6.60000% | 0.07328% |
29.01 | Property | 1 | White Oaks MHC | Manufactured Housing | Manufactured Housing | 1985 | NAP | 47 | Pads | 1,817,455 | 1,817,455 | 1,817,455 |
A-1-3 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 %(3) |
29.02 | Property | 1 | Magnolia Trace MHC | Manufactured Housing | Manufactured Housing | 2005 | NAP | 40 | Pads | 1,687,636 | 1,687,636 | 1,687,636 | ||||
29.03 | Property | 1 | Herradura Heights | Manufactured Housing | Manufactured Housing | 1985 | NAP | 45 | Pads | 1,557,818 | 1,557,818 | 1,557,818 | ||||
29.04 | Property | 1 | Cypress Trace MHC | Manufactured Housing | Manufactured Housing | 1980 | NAP | 36 | Pads | 1,168,364 | 1,168,364 | 1,168,364 | ||||
29.05 | Property | 1 | Village Trace MHC | Manufactured Housing | Manufactured Housing | 1980 | NAP | 27 | Pads | 908,727 | 908,727 | 908,727 | ||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | Multifamily | Cooperative | 1967 | 2004 | 228 | Units | 28,508.77 | 6,500,000 | 6,500,000 | 5,545,473 | 6.14000% | 0.09078% |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | Multifamily | Cooperative | 1960 | 2023 | 155 | Units | 36,091.24 | 5,600,000 | 5,594,142 | 4,720,818 | 5.74000% | 0.09078% |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | Retail | Shadow Anchored | 2003 | NAP | 17,960 | SF | 228.07 | 4,100,000 | 4,096,072 | 3,503,016 | 6.20000% | 0.01578% |
33 | Loan | 21 | 1 | 169 East Broadway | Mixed Use | Multifamily/Retail | 1920 | NAP | 18 | Units | 211,111.11 | 3,800,000 | 3,800,000 | 3,800,000 | 7.03400% | 0.01578% |
34 | Loan | 1 | Riverwinds MHC | Manufactured Housing | Manufactured Housing | 1973 | NAP | 103 | Pads | 35,408.24 | 3,650,000 | 3,647,049 | 3,193,200 | 7.07000% | 0.01578% | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | Multifamily | Cooperative | 1960 | 2009 | 71 | Units | 38,009.74 | 2,700,000 | 2,698,691 | 2,517,578 | 6.13000% | 0.09078% |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | Multifamily | Cooperative | 1915 | 2014 | 38 | Units | 47,336.81 | 1,800,000 | 1,798,799 | 1,695,202 | 6.61000% | 0.09078% |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | Multifamily | Cooperative | 1915 | 2018 | 26 | Units | 67,277.14 | 1,750,000 | 1,749,206 | 1,639,983 | 6.37000% | 0.09078% |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | Multifamily | Cooperative | 1916 | 2014 | 20 | Units | 75,000.00 | 1,500,000 | 1,500,000 | 1,500,000 | 6.52000% | 0.09078% |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | Multifamily | Cooperative | 1966 | 2022 | 35 | Units | 35,655.20 | 1,250,000 | 1,247,932 | 1,075,357 | 6.44000% | 0.09078% |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | Multifamily | Cooperative | 1904 | 2014 | 12 | Units | 91,512.56 | 1,100,000 | 1,098,151 | 944,468 | 6.37000% | 0.09078% |
A-1-4 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 5.52547% | NAP | 468,078.70 | NAP | 5,616,944.40 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/20/2024 |
1.01 | Property | 1 | Soho Grand Hotel | ||||||||||||||||
1.02 | Property | 1 | Roxy Hotel | ||||||||||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 6.49547% | NAP | 495,031.25 | NAP | 5,940,375.00 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/30/2024 |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 5.63547% | NAP | 405,766.78 | NAP | 4,869,201.36 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 9/16/2024 |
3.01 | Property | 1 | Ringgold | ||||||||||||||||
3.02 | Property | 1 | Laval | ||||||||||||||||
3.03 | Property | 1 | Loudon | ||||||||||||||||
3.04 | Property | 1 | Salt Lake City | ||||||||||||||||
3.05 | Property | 1 | Morgantown | ||||||||||||||||
3.06 | Property | 1 | Reading | ||||||||||||||||
3.07 | Property | 1 | Orrville | ||||||||||||||||
3.08 | Property | 1 | Riverside I | ||||||||||||||||
3.09 | Property | 1 | Spring Hill | ||||||||||||||||
3.10 | Property | 1 | Janesville | ||||||||||||||||
3.11 | Property | 1 | Sturgis II | ||||||||||||||||
3.12 | Property | 1 | Denver | ||||||||||||||||
3.13 | Property | 1 | Sturgis I | ||||||||||||||||
3.14 | Property | 1 | Social Circle | ||||||||||||||||
3.15 | Property | 1 | Caldwell | ||||||||||||||||
3.16 | Property | 1 | Brenham | ||||||||||||||||
3.17 | Property | 1 | Clinton | ||||||||||||||||
3.18 | Property | 1 | Ehrenberg | ||||||||||||||||
3.19 | Property | 1 | Rydal | ||||||||||||||||
3.20 | Property | 1 | Claremore | ||||||||||||||||
3.21 | Property | 1 | West Palm Beach | ||||||||||||||||
3.22 | Property | 1 | Decatur | ||||||||||||||||
3.23 | Property | 1 | North Salt Lake | ||||||||||||||||
3.24 | Property | 1 | Ephrata | ||||||||||||||||
3.25 | Property | 1 | Nashville | ||||||||||||||||
3.26 | Property | 1 | Louisville | ||||||||||||||||
3.27 | Property | 1 | Riverside II | ||||||||||||||||
3.28 | Property | 1 | Corsicana | ||||||||||||||||
3.29 | Property | 1 | Centralia | ||||||||||||||||
3.30 | Property | 1 | Indianapolis | ||||||||||||||||
3.31 | Property | 1 | Elkhart | ||||||||||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 5.49022% | NAP | 395,425.12 | NAP | 4,745,101.39 | Interest Only - ARD | Yes | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/29/2024 |
5 | Loan | 5 | 1 | Grapevine Mills | 6.24822% | NAP | 426,046.25 | NAP | 5,112,555.00 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 6/17/2024 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 6.67122% | NAP | 367,243.23 | NAP | 4,406,918.76 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/17/2024 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 6.85947% | NAP | 307,818.36 | NAP | 3,693,820.32 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/27/2024 |
8 | Loan | 1 | Germantown Commons | 5.81422% | NAP | 241,364.70 | NAP | 2,896,376.40 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 9/6/2024 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 5.61147% | NAP | 218,658.66 | NAP | 2,623,903.92 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 6/20/2024 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 6.83847% | NAP | 260,556.77 | NAP | 3,126,681.24 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/22/2024 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 6.12922% | 243,561.80 | NAP | 2,922,741.60 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 117 | 360 | 357 | 7/2/2024 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 6.96047% | 238,439.95 | NAP | 2,861,279.40 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 252 | 251 | 8/22/2024 |
12.01 | Property | 1 | 30-56 Whitestone Expressway | ||||||||||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | ||||||||||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | 5.65022% | NAP | 143,617.36 | NAP | 1,723,408.32 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 7/9/2024 |
14 | Loan | 1 | Briarcliff Commons | 5.45422% | NAP | 138,649.31 | NAP | 1,663,791.72 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 9/13/2024 | |
15 | Loan | 1 | Kendall Value Center | 6.45422% | NAP | 136,663.77 | NAP | 1,639,965.24 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 7/1/2024 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | 6.39547% | NAP | 131,334.52 | NAP | 1,576,014.24 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 9/11/2024 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 6.27672% | NAP | 122,281.76 | NAP | 1,467,381.12 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/29/2024 |
17.01 | Property | 1 | Compass Self Storage Alachua | ||||||||||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | ||||||||||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | ||||||||||||||||
18 | Loan | 5 | 1 | Newport Centre | 5.42247% | NAP | 91,875.23 | NAP | 1,102,502.76 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/22/2024 |
19 | Loan | 1 | East West Commons | 6.15547% | NAP | 93,835.42 | NAP | 1,126,025.04 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 8/5/2024 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | 6.00422% | 108,150.65 | NAP | 1,297,807.80 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 9/13/2024 |
21 | Loan | 1 | Brooklyn Renaissance Garage | 7.00547% | 101,663.55 | NAP | 1,219,962.60 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 8/27/2024 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 6.97392% | NAP | 82,679.09 | NAP | 992,149.08 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/3/2024 |
22.01 | Property | 1 | Waters Edge | ||||||||||||||||
22.02 | Property | 1 | Southwest Estates | ||||||||||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 7.40422% | 97,124.26 | NAP | 1,165,491.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 9/3/2024 | |
24 | Loan | 1 | 115 West 190th Street | 6.53847% | NAP | 72,153.99 | NAP | 865,847.88 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 7/25/2024 | |
25 | Loan | 1 | 345 Tenth Street | 6.58422% | NAP | 52,975.69 | NAP | 635,708.28 | Interest Only | No | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 8/6/2024 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 5.79922% | 48,830.85 | NAP | 585,970.20 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 480 | 480 | 9/6/2024 |
27 | Loan | 1 | Hampton Inn Grandville | 6.98547% | 58,380.29 | NAP | 700,563.48 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 | 7/17/2024 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 7.02422% | 56,111.25 | 49,964.44 | 673,335.00 | 599,573.28 | Interest Only, Amortizing Balloon | No | Actual/360 | 60 | 60 | 120 | 120 | 360 | 360 | 9/10/2024 | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 6.52672% | NAP | 39,815.42 | NAP | 477,785.04 | Interest Only | No | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 9/11/2024 |
29.01 | Property | 1 | White Oaks MHC |
A-1-5 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 |
29.02 | Property | 1 | Magnolia Trace MHC | ||||||||||||||||
29.03 | Property | 1 | Herradura Heights | ||||||||||||||||
29.04 | Property | 1 | Cypress Trace MHC | ||||||||||||||||
29.05 | Property | 1 | Village Trace MHC | ||||||||||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 6.04922% | 39,557.76 | NAP | 474,693.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 120 | 360 | 360 | 9/5/2024 |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 5.64922% | 32,644.51 | NAP | 391,734.12 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 8/30/2024 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 6.18422% | 25,111.23 | NAP | 301,334.76 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 8/6/2024 |
33 | Loan | 21 | 1 | 169 East Broadway | 7.01822% | NAP | 22,583.70 | NAP | 271,004.40 | Interest Only | No | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 6/21/2024 |
34 | Loan | 1 | Riverwinds MHC | 7.05422% | 24,455.38 | NAP | 293,464.56 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 360 | 359 | 8/29/2024 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 6.03922% | 15,101.17 | NAP | 181,214.04 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 480 | 479 | 8/29/2024 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 6.51922% | 10,679.59 | NAP | 128,155.08 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 480 | 478 | 7/23/2024 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 6.27922% | 10,083.86 | NAP | 121,006.32 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 119 | 480 | 479 | 8/15/2024 |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 6.42922% | NAP | 8,263.19 | NAP | 99,158.28 | Interest Only | No | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 8/28/2024 |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 6.34922% | 7,851.59 | NAP | 94,219.08 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 | 7/16/2024 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 6.27922% | 6,858.97 | NAP | 82,307.64 | NAP | Amortizing Balloon | No | Actual/360 | 0 | 0 | 120 | 118 | 360 | 358 | 7/18/2024 |
A-1-6 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 to Late Charge (Days) | Grace Period to Default (Days) | Prepayment Provisions (No. of Payments) | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 1 | 1 | 10/1/2024 | NAP | 9/1/2034 | NAP | 0 | 0 | L(24),YM1(89),O(7) | 116,574,475 | 73,575,137 | 42,999,338 | 5/31/2024 |
1.01 | Property | 1 | Soho Grand Hotel | 68,650,750 | 41,376,904 | 27,273,846 | 5/31/2024 | ||||||||||
1.02 | Property | 1 | Roxy Hotel | 47,923,725 | 32,198,233 | 15,725,492 | 5/31/2024 | ||||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 1 | 6 | 10/6/2024 | NAP | 9/6/2034 | NAP | 5 | 0 | L(25),YM1(88),O(7) | 12,328,945 | 4,075,139 | 8,253,805 | 5/31/2024 |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 0 | 6 | 11/6/2024 | NAP | 10/6/2034 | NAP | 0 | 0 | L(24),D(89),O(7) | NAV | NAV | NAV | NAV |
3.01 | Property | 1 | Ringgold | NAV | NAV | NAV | NAV | ||||||||||
3.02 | Property | 1 | Laval | NAV | NAV | NAV | NAV | ||||||||||
3.03 | Property | 1 | Loudon | NAV | NAV | NAV | NAV | ||||||||||
3.04 | Property | 1 | Salt Lake City | NAV | NAV | NAV | NAV | ||||||||||
3.05 | Property | 1 | Morgantown | NAV | NAV | NAV | NAV | ||||||||||
3.06 | Property | 1 | Reading | NAV | NAV | NAV | NAV | ||||||||||
3.07 | Property | 1 | Orrville | NAV | NAV | NAV | NAV | ||||||||||
3.08 | Property | 1 | Riverside I | NAV | NAV | NAV | NAV | ||||||||||
3.09 | Property | 1 | Spring Hill | NAV | NAV | NAV | NAV | ||||||||||
3.10 | Property | 1 | Janesville | NAV | NAV | NAV | NAV | ||||||||||
3.11 | Property | 1 | Sturgis II | NAV | NAV | NAV | NAV | ||||||||||
3.12 | Property | 1 | Denver | NAV | NAV | NAV | NAV | ||||||||||
3.13 | Property | 1 | Sturgis I | NAV | NAV | NAV | NAV | ||||||||||
3.14 | Property | 1 | Social Circle | NAV | NAV | NAV | NAV | ||||||||||
3.15 | Property | 1 | Caldwell | NAV | NAV | NAV | NAV | ||||||||||
3.16 | Property | 1 | Brenham | NAV | NAV | NAV | NAV | ||||||||||
3.17 | Property | 1 | Clinton | NAV | NAV | NAV | NAV | ||||||||||
3.18 | Property | 1 | Ehrenberg | NAV | NAV | NAV | NAV | ||||||||||
3.19 | Property | 1 | Rydal | NAV | NAV | NAV | NAV | ||||||||||
3.20 | Property | 1 | Claremore | NAV | NAV | NAV | NAV | ||||||||||
3.21 | Property | 1 | West Palm Beach | NAV | NAV | NAV | NAV | ||||||||||
3.22 | Property | 1 | Decatur | NAV | NAV | NAV | NAV | ||||||||||
3.23 | Property | 1 | North Salt Lake | NAV | NAV | NAV | NAV | ||||||||||
3.24 | Property | 1 | Ephrata | NAV | NAV | NAV | NAV | ||||||||||
3.25 | Property | 1 | Nashville | NAV | NAV | NAV | NAV | ||||||||||
3.26 | Property | 1 | Louisville | NAV | NAV | NAV | NAV | ||||||||||
3.27 | Property | 1 | Riverside II | NAV | NAV | NAV | NAV | ||||||||||
3.28 | Property | 1 | Corsicana | NAV | NAV | NAV | NAV | ||||||||||
3.29 | Property | 1 | Centralia | NAV | NAV | NAV | NAV | ||||||||||
3.30 | Property | 1 | Indianapolis | NAV | NAV | NAV | NAV | ||||||||||
3.31 | Property | 1 | Elkhart | NAV | NAV | NAV | NAV | ||||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 1 | 6 | 10/6/2024 | NAP | 9/6/2034 | 3/6/2038 | 0 | 0 | L(25),D(88),O(7) | NAV | NAV | NAV | NAV |
5 | Loan | 5 | 1 | Grapevine Mills | 3 | 1 | 8/1/2024 | NAP | 7/1/2034 | NAP | 0 | 0 | L(27),D(86),O(7) | 57,265,658 | 13,528,222 | 43,737,436 | 3/31/2024 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 2 | 1 | 9/1/2024 | NAP | 8/1/2034 | NAP | 0 | 5 | L(26),D(87),O(7) | 52,688,988 | 33,313,010 | 19,375,978 | 5/31/2024 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 1 | 6 | 10/6/2024 | NAP | 9/6/2034 | NAP | 0 | 0 | L(25),D(88),O(7) | 18,785,957 | 11,340,314 | 7,445,643 | 6/30/2024 |
8 | Loan | 1 | Germantown Commons | 1 | 11 | 10/11/2024 | NAP | 9/11/2034 | NAP | 5 | 0 | L(25),D(88),O(7) | 5,674,132 | 1,455,268 | 4,218,864 | 6/30/2024 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 3 | 11 | 8/11/2024 | NAP | 7/11/2034 | NAP | 0 | 0 | L(24),YM1(3),DorYM1(88),O(5) | 28,314,642 | 10,422,713 | 17,891,929 | 4/30/2024 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 2 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(26),D(87),O(7) | 57,803,398 | 31,088,059 | 26,715,339 | 12/31/2023 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 3 | 11 | 8/11/2024 | 8/11/2024 | 7/11/2034 | NAP | 0 | 0 | L(27),D(86),O(7) | 43,752,709 | 22,449,435 | 21,303,274 | 5/31/2024 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 1 | 6 | 10/6/2024 | 10/6/2024 | 9/6/2034 | NAP | 0 | 0 | L(25),D(88),O(7) | 4,913,793 | 2,091,529 | 2,822,264 | 12/31/2023 |
12.01 | Property | 1 | 30-56 Whitestone Expressway | 2,957,552 | 1,417,974 | 1,539,578 | 12/31/2023 | ||||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | 1,956,241 | 673,555 | 1,282,686 | 12/31/2023 | ||||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | 3 | 11 | 8/11/2024 | NAP | 7/11/2034 | NAP | 0 | 0 | L(24),YM1(3),DorYM1(88),O(5) | 18,471,050 | 5,185,996 | 13,285,054 | 5/31/2024 |
14 | Loan | 1 | Briarcliff Commons | 0 | 1 | 11/1/2024 | NAP | 10/1/2034 | NAP | 5 | 5 | L(24),D(89),O(7) | 5,562,868 | 1,701,476 | 3,861,392 | 6/30/2024 | |
15 | Loan | 1 | Kendall Value Center | 3 | 1 | 8/1/2024 | NAP | 7/1/2034 | NAP | 5 | 5 | L(27),D(86),O(7) | 4,495,432 | 1,380,441 | 3,114,991 | 3/31/2024 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | 0 | 6 | 11/6/2024 | NAP | 10/6/2034 | NAP | 0 | 0 | L(24),D(89),O(7) | 2,493,699 | 669,476 | 1,824,223 | 7/31/2024 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 1 | 6 | 10/6/2024 | NAP | 9/6/2034 | NAP | 0 | 0 | L(25),D(91),O(4) | 3,754,394 | 1,420,358 | 2,334,036 | 6/30/2024 |
17.01 | Property | 1 | Compass Self Storage Alachua | 1,462,208 | 522,603 | 939,605 | 6/30/2024 | ||||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | 1,353,479 | 428,854 | 924,625 | 6/30/2024 | ||||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | 938,707 | 468,901 | 469,806 | 6/30/2024 | ||||||||||
18 | Loan | 5 | 1 | Newport Centre | 1 | 1 | 10/1/2024 | NAP | 9/1/2034 | NAP | 0 | 0 | L(25),D(88),O(7) | 46,686,244 | 19,005,484 | 27,680,760 | 6/30/2024 |
19 | Loan | 1 | East West Commons | 2 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(26),D(87),O(7) | 3,190,498 | 743,645 | 2,446,853 | 3/31/2024 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | 0 | 11 | 11/11/2024 | 11/11/2024 | 10/11/2034 | NAP | 0 | 0 | L(24),D(92),O(4) | 10,506,892 | 6,495,908 | 4,010,984 | 6/30/2024 |
21 | Loan | 1 | Brooklyn Renaissance Garage | 1 | 6 | 10/6/2024 | 10/6/2024 | 9/6/2034 | NAP | 0 | 0 | L(25),D(89),O(6) | 5,021,043 | 3,656,229 | 1,364,814 | 6/30/2024 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 2 | 1 | 9/1/2024 | NAP | 8/1/2034 | NAP | 5 | 4 | L(26),D(87),O(7) | 2,171,148 | 1,054,469 | 1,116,679 | 4/30/2024 |
22.01 | Property | 1 | Waters Edge | 1,240,370 | 693,630 | 546,740 | 4/30/2024 | ||||||||||
22.02 | Property | 1 | Southwest Estates | 930,778 | 360,839 | 569,939 | 4/30/2024 | ||||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 0 | 1 | 11/1/2024 | 11/1/2024 | 10/1/2034 | NAP | 5 | 4 | L(24),D(92),O(4) | 4,263,342 | 2,357,527 | 1,905,815 | 6/30/2024 | |
24 | Loan | 1 | 115 West 190th Street | 2 | 6 | 9/6/2024 | NAP | 8/6/2034 | NAP | 0 | 0 | L(26),D(87),O(7) | NAV | NAV | NAV | NAV | |
25 | Loan | 1 | 345 Tenth Street | 2 | 11 | 9/11/2024 | NAP | 8/11/2034 | NAP | 0 | 0 | L(26),D(90),O(4) | 2,426,433 | 771,291 | 1,655,142 | 5/31/2024 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 0 | 1 | 11/1/2024 | 11/1/2024 | 10/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
27 | Loan | 1 | Hampton Inn Grandville | 2 | 6 | 9/6/2024 | 9/6/2024 | 8/6/2034 | NAP | 0 | 0 | L(26),D(90),O(4) | 2,912,550 | 1,516,947 | 1,395,603 | 5/31/2024 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 0 | 1 | 11/1/2024 | 11/1/2029 | 10/1/2034 | NAP | 5 | 5 | L(24),D(92),O(4) | 3,366,141 | 2,235,098 | 1,131,043 | 6/30/2024 | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 0 | 1 | 11/1/2024 | NAP | 10/1/2034 | NAP | 5 | 5 | L(24),D(91),O(5) | 1,009,565 | 276,467 | 733,098 | 6/30/2024 |
29.01 | Property | 1 | White Oaks MHC | NAV | NAV | NAV | NAV |
A-1-7 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 to Late Charge (Days) | Grace Period to Default (Days) | Prepayment Provisions (No. of Payments) | Most Recent EGI ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent NOI Date |
29.02 | Property | 1 | Magnolia Trace MHC | NAV | NAV | NAV | NAV | ||||||||||
29.03 | Property | 1 | Herradura Heights | NAV | NAV | NAV | NAV | ||||||||||
29.04 | Property | 1 | Cypress Trace MHC | NAV | NAV | NAV | NAV | ||||||||||
29.05 | Property | 1 | Village Trace MHC | NAV | NAV | NAV | NAV | ||||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 0 | 1 | 11/1/2024 | 11/1/2024 | 10/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 1 | 1 | 10/1/2024 | 10/1/2024 | 9/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 1 | 1 | 10/1/2024 | 10/1/2024 | 9/1/2034 | NAP | 5 | 5 | L(24),YM1(89),O(7) | 800,929 | 252,670 | 548,259 | 5/31/2024 |
33 | Loan | 21 | 1 | 169 East Broadway | 3 | 1 | 8/1/2024 | NAP | 7/1/2034 | NAP | 5 | 4 | L(27),D(89),O(4) | 724,740 | 271,778 | 452,962 | 5/31/2024 |
34 | Loan | 1 | Riverwinds MHC | 1 | 11 | 10/11/2024 | 10/11/2024 | 9/11/2034 | NAP | 0 | 0 | L(25),D(91),O(4) | 565,141 | 115,761 | 449,380 | 7/31/2024 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 1 | 1 | 10/1/2024 | 10/1/2024 | 9/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 2 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 1 | 1 | 10/1/2024 | 10/1/2024 | 9/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 1 | 1 | 10/1/2024 | NAP | 9/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 2 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 2 | 1 | 9/1/2024 | 9/1/2024 | 8/1/2034 | NAP | 10 | 10 | YM1(113),1%(3),O(4) | NAP | NAP | NAP | NAP |
A-1-8 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | T-12 | 114,555,619 | 72,124,009 | 42,431,610 | 12/31/2023 | T-12 | 113,711,265 | 68,750,826 | 44,960,439 | 12/31/2022 | T-12 | 89.8% | 116,259,771 | 73,674,721 |
1.01 | Property | 1 | Soho Grand Hotel | T-12 | 67,606,088 | 40,364,107 | 27,241,981 | 12/31/2023 | T-12 | 67,875,809 | 38,872,617 | 29,003,193 | 12/31/2022 | T-12 | 90.4% | 68,464,532 | 41,490,616 | |
1.02 | Property | 1 | Roxy Hotel | T-12 | 46,949,531 | 31,759,903 | 15,189,629 | 12/31/2023 | T-12 | 45,835,455 | 29,878,209 | 15,957,246 | 12/31/2022 | T-12 | 88.8% | 47,795,238 | 32,184,105 | |
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | T-12 | 12,016,500 | 3,656,586 | 8,359,914 | 12/31/2023 | T-12 | 11,067,896 | 3,708,471 | 7,359,425 | 12/31/2022 | T-12 | 91.2% | 13,261,211 | 3,800,669 |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 21,558,358 | 646,751 |
3.01 | Property | 1 | Ringgold | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 2,524,358 | 75,731 | |
3.02 | Property | 1 | Laval | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,703,206 | 51,096 | |
3.03 | Property | 1 | Loudon | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,513,613 | 45,408 | |
3.04 | Property | 1 | Salt Lake City | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,064,383 | 31,932 | |
3.05 | Property | 1 | Morgantown | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,287,678 | 38,630 | |
3.06 | Property | 1 | Reading | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 742,555 | 22,277 | |
3.07 | Property | 1 | Orrville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 903,600 | 27,108 | |
3.08 | Property | 1 | Riverside I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 692,331 | 20,770 | |
3.09 | Property | 1 | Spring Hill | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 945,783 | 28,374 | |
3.10 | Property | 1 | Janesville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 848,505 | 25,455 | |
3.11 | Property | 1 | Sturgis II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 931,045 | 27,931 | |
3.12 | Property | 1 | Denver | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 787,826 | 23,635 | |
3.13 | Property | 1 | Sturgis I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 804,114 | 24,123 | |
3.14 | Property | 1 | Social Circle | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 589,972 | 17,699 | |
3.15 | Property | 1 | Caldwell | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 521,725 | 15,652 | |
3.16 | Property | 1 | Brenham | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 643,892 | 19,317 | |
3.17 | Property | 1 | Clinton | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 522,804 | 15,684 | |
3.18 | Property | 1 | Ehrenberg | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 479,657 | 14,390 | |
3.19 | Property | 1 | Rydal | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 500,837 | 15,025 | |
3.20 | Property | 1 | Claremore | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 536,874 | 16,106 | |
3.21 | Property | 1 | West Palm Beach | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 383,822 | 11,515 | |
3.22 | Property | 1 | Decatur | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 309,449 | 9,283 | |
3.23 | Property | 1 | North Salt Lake | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 358,804 | 10,764 | |
3.24 | Property | 1 | Ephrata | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 383,610 | 11,508 | |
3.25 | Property | 1 | Nashville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 286,836 | 8,605 | |
3.26 | Property | 1 | Louisville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 267,709 | 8,031 | |
3.27 | Property | 1 | Riverside II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 165,725 | 4,972 | |
3.28 | Property | 1 | Corsicana | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 409,848 | 12,295 | |
3.29 | Property | 1 | Centralia | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 206,526 | 6,196 | |
3.30 | Property | 1 | Indianapolis | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 167,415 | 5,022 | |
3.31 | Property | 1 | Elkhart | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 73,857 | 2,216 | |
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 96.1% | 40,374,648 | 13,072,148 |
5 | Loan | 5 | 1 | Grapevine Mills | T-12 | 54,686,327 | 13,617,086 | 41,069,241 | 12/31/2023 | T-12 | 55,175,531 | 14,530,759 | 40,644,772 | 12/31/2022 | T-12 | 97.9% | 58,524,018 | 13,633,655 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | T-12 | 50,714,969 | 32,484,721 | 18,230,248 | 12/31/2023 | T-12 | 49,075,696 | 30,973,337 | 18,102,359 | 12/31/2022 | T-12 | 78.9% | 53,274,784 | 34,528,707 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | T-12 | 18,320,960 | 11,275,616 | 7,045,344 | 12/31/2023 | T-12 | 14,460,037 | 9,251,576 | 5,208,461 | 12/31/2022 | T-12 | 79.5% | 18,734,629 | 11,419,244 |
8 | Loan | 1 | Germantown Commons | T-12 | 5,305,070 | 1,321,957 | 3,983,113 | 12/31/2023 | T-12 | 5,239,945 | 1,367,326 | 3,872,619 | 12/31/2022 | T-12 | 93.7% | 6,725,620 | 1,304,441 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | T-12 | 28,366,505 | 10,237,622 | 18,128,883 | 6/30/2023 | T-12 | 27,631,947 | 9,152,834 | 18,479,113 | 6/30/2022 | T-12 | 90.0% | 29,563,275 | 10,248,447 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | T-12 | 55,448,320 | 29,652,635 | 25,795,686 | 12/31/2022 | T-12 | 54,179,102 | 27,476,761 | 26,702,341 | 12/31/2021 | T-12 | 90.8% | 56,031,359 | 33,262,367 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | T-12 | 42,367,654 | 21,989,878 | 20,377,776 | 12/31/2023 | T-12 | 40,914,558 | 20,406,211 | 20,508,347 | 12/31/2022 | T-12 | 70.1% | 43,678,921 | 22,286,435 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | T-12 | 4,227,335 | 2,207,580 | 2,019,755 | 12/31/2022 | T-12 | 4,296,749 | 2,301,240 | 1,995,509 | 12/31/2021 | T-12 | 96.2% | 6,288,297 | 2,186,276 |
12.01 | Property | 1 | 30-56 Whitestone Expressway | T-12 | 2,488,249 | 1,412,731 | 1,075,518 | 12/31/2022 | T-12 | 2,843,038 | 1,501,237 | 1,341,801 | 12/31/2021 | T-12 | 96.3% | 3,600,009 | 1,435,176 | |
12.02 | Property | 1 | 168-35 Rockaway Boulevard | T-12 | 1,739,086 | 794,849 | 944,237 | 12/31/2022 | T-12 | 1,453,711 | 800,003 | 653,708 | 12/31/2021 | T-12 | 96.1% | 2,688,288 | 751,100 | |
13 | Loan | 5, D | 1 | 610 Newport Center | T-12 | 17,740,078 | 5,446,209 | 12,293,869 | 12/31/2023 | T-12 | 16,905,494 | 4,889,567 | 12,015,927 | 12/31/2022 | T-12 | 94.8% | 19,862,232 | 5,254,142 |
14 | Loan | 1 | Briarcliff Commons | T-12 | 5,326,374 | 1,588,227 | 3,738,148 | 12/31/2023 | T-12 | 5,335,848 | 1,672,064 | 3,663,784 | 12/31/2022 | T-12 | 95.0% | 5,698,085 | 1,669,327 | |
15 | Loan | 1 | Kendall Value Center | T-12 | 4,458,653 | 1,324,584 | 3,134,070 | 12/31/2023 | T-12 | 4,236,937 | 1,210,448 | 3,026,489 | 12/31/2022 | T-12 | 95.0% | 4,364,792 | 1,355,822 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | T-12 | 2,238,246 | 636,413 | 1,601,833 | 12/31/2023 | T-12 | 2,004,065 | 601,115 | 1,402,950 | 12/31/2022 | T-12 | 84.9% | 3,006,992 | 704,268 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | T-12 | 3,751,508 | 1,342,262 | 2,409,246 | 12/31/2023 | T-12 | 3,674,792 | 1,295,971 | 2,378,822 | 12/31/2022 | T-12 | 82.0% | 3,754,394 | 1,414,865 |
17.01 | Property | 1 | Compass Self Storage Alachua | T-12 | 1,450,273 | 492,577 | 957,696 | 12/31/2023 | T-12 | 1,425,956 | 461,028 | 964,928 | 12/31/2022 | T-12 | 80.7% | 1,462,208 | 509,222 | |
17.02 | Property | 1 | Metro Self Storage – Limerick | T-12 | 1,371,821 | 410,348 | 961,473 | 12/31/2023 | T-12 | 1,360,740 | 406,988 | 953,752 | 12/31/2022 | T-12 | 87.1% | 1,353,479 | 439,910 | |
17.03 | Property | 1 | Compass Self Storage Cleveland | T-12 | 929,414 | 439,337 | 490,077 | 12/31/2023 | T-12 | 888,096 | 427,954 | 460,142 | 12/31/2022 | T-12 | 77.0% | 938,707 | 465,733 | |
18 | Loan | 5 | 1 | Newport Centre | T-12 | 47,188,133 | 19,365,485 | 27,822,648 | 12/31/2023 | T-12 | 46,432,352 | 19,030,158 | 27,402,194 | 12/31/2022 | T-12 | 95.4% | 47,183,709 | 18,421,481 |
19 | Loan | 1 | East West Commons | T-12 | 3,172,675 | 796,308 | 2,376,367 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 95.0% | 3,327,170 | 803,777 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | T-12 | 9,923,417 | 6,191,718 | 3,731,699 | 12/31/2023 | T-12 | 7,857,643 | 5,372,795 | 2,484,849 | 12/31/2022 | T-12 | 74.6% | 10,482,606 | 6,531,233 |
21 | Loan | 1 | Brooklyn Renaissance Garage | T-12 | 4,882,751 | 3,370,490 | 1,512,261 | 12/31/2023 | T-12 | 4,284,906 | 3,140,273 | 1,144,633 | 12/31/2022 | T-12 | 96.2% | 5,138,958 | 3,458,908 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | T-12 | 2,124,238 | 1,029,777 | 1,094,461 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 86.8% | 2,249,259 | 994,890 |
22.01 | Property | 1 | Waters Edge | T-12 | 1,220,388 | 665,828 | 554,560 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 79.0% | 1,273,563 | 619,488 | |
22.02 | Property | 1 | Southwest Estates | T-12 | 903,850 | 363,949 | 539,901 | 12/31/2023 | T-12 | NAV | NAV | NAV | NAV | NAV | 94.0% | 975,695 | 375,402 | |
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | T-12 | 4,211,124 | 2,347,944 | 1,863,180 | 12/31/2023 | T-12 | 3,812,440 | 2,354,931 | 1,457,509 | 12/31/2022 | T-12 | 62.3% | 4,263,342 | 2,443,672 | |
24 | Loan | 1 | 115 West 190th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | 95.0% | 1,321,853 | 160,430 | |
25 | Loan | 1 | 345 Tenth Street | T-12 | 2,354,851 | 788,847 | 1,566,004 | 12/31/2023 | T-12 | 2,219,743 | 741,080 | 1,478,663 | 12/31/2022 | T-12 | 94.9% | 2,286,359 | 879,837 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.0% | 3,353,588 | 1,212,454 |
27 | Loan | 1 | Hampton Inn Grandville | T-12 | 2,929,014 | 1,557,844 | 1,371,170 | 12/31/2023 | T-12 | 2,996,766 | 1,748,582 | 1,248,184 | 12/31/2022 | T-12 | 61.9% | 2,904,593 | 1,531,933 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | T-12 | 3,363,958 | 2,236,375 | 1,127,583 | 12/31/2023 | T-12 | 3,185,163 | 2,113,120 | 1,072,043 | 12/31/2022 | T-12 | 86.5% | 3,356,944 | 2,251,200 | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | T-1 Annualized | 923,461 | 276,467 | 646,993 | 6/30/2024 | T-12 | 867,137 | 256,802 | 610,336 | 12/31/2023 | T-12 | 88.6% | 960,136 | 304,633 |
29.01 | Property | 1 | White Oaks MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
A-1-9 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Most Recent Description | Second Most Recent EGI ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent NOI Date | Second Most Recent Description | Third Most Recent EGI ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent NOI Date | Third Most Recent Description | Underwritten Economic Occupancy (%) | Underwritten EGI ($) | Underwritten Expenses ($) |
29.02 | Property | 1 | Magnolia Trace MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
29.03 | Property | 1 | Herradura Heights | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
29.04 | Property | 1 | Cypress Trace MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
29.05 | Property | 1 | Village Trace MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 6,053,172 | 2,391,749 |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.9% | 9,918,612 | 3,611,955 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | T-12 | 789,422 | 257,219 | 532,203 | 12/31/2023 | T-12 | 775,601 | 274,557 | 501,044 | 12/31/2022 | T-12 | 93.9% | 767,771 | 261,381 |
33 | Loan | 21 | 1 | 169 East Broadway | T-12 | 703,757 | 271,200 | 432,557 | 12/31/2023 | T-12 | 619,304 | 295,493 | 323,811 | 12/31/2022 | T-12 | 95.0% | 699,298 | 283,994 |
34 | Loan | 1 | Riverwinds MHC | T-12 | 520,230 | 119,943 | 400,287 | 12/31/2023 | T-12 | 520,476 | 130,556 | 389,920 | 12/31/2022 | T-12 | 91.7% | 588,847 | 158,904 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,393,330 | 699,647 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 94.7% | 976,309 | 379,946 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 2,221,347 | 716,626 |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 3,433,965 | 1,266,851 |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 97.0% | 830,647 | 394,481 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 95.0% | 1,067,781 | 394,558 |
A-1-10 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 42,585,049 | 4,650,391 | 0 | 37,934,659 | 3.73 | 3.32 | 20.9% | 18.6% | 508,000,000 | As Is | 7/1/2024 | 40.1% | 40.1% |
1.01 | Property | 1 | Soho Grand Hotel | 26,973,916 | 2,738,581 | 0 | 24,235,335 | 327,000,000 | As Is | 7/1/2024 | |||||||
1.02 | Property | 1 | Roxy Hotel | 15,611,133 | 1,911,810 | 0 | 13,699,323 | 181,000,000 | As Is | 7/1/2024 | |||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 9,460,541 | 0 | 0 | 9,460,541 | 1.59 | 1.59 | 10.5% | 10.5% | 154,200,000 | As Is | 7/9/2024 | 58.4% | 58.4% |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 20,911,608 | 0 | 0 | 20,911,608 | 2.62 | 2.62 | 15.0% | 15.0% | 348,250,000 | As Is | Various | 39.9% | 39.9% |
3.01 | Property | 1 | Ringgold | 2,448,627 | 0 | 0 | 2,448,627 | 47,000,000 | As Is | 8/15/2024 | |||||||
3.02 | Property | 1 | Laval | 1,652,110 | 0 | 0 | 1,652,110 | 26,830,000 | As Is | 8/15/2024 | |||||||
3.03 | Property | 1 | Loudon | 1,468,204 | 0 | 0 | 1,468,204 | 23,800,000 | As Is | 8/12/2024 | |||||||
3.04 | Property | 1 | Salt Lake City | 1,032,452 | 0 | 0 | 1,032,452 | 20,800,000 | As Is | 8/16/2024 | |||||||
3.05 | Property | 1 | Morgantown | 1,249,047 | 0 | 0 | 1,249,047 | 19,100,000 | As Is | 8/12/2024 | |||||||
3.06 | Property | 1 | Reading | 720,278 | 0 | 0 | 720,278 | 16,100,000 | As Is | 8/12/2024 | |||||||
3.07 | Property | 1 | Orrville | 876,492 | 0 | 0 | 876,492 | 13,300,000 | As Is | 8/14/2024 | |||||||
3.08 | Property | 1 | Riverside I | 671,562 | 0 | 0 | 671,562 | 13,700,000 | As Is | 8/9/2024 | |||||||
3.09 | Property | 1 | Spring Hill | 917,410 | 0 | 0 | 917,410 | 12,900,000 | As Is | 8/13/2024 | |||||||
3.10 | Property | 1 | Janesville | 823,050 | 0 | 0 | 823,050 | 12,400,000 | As Is | 8/1/2024 | |||||||
3.11 | Property | 1 | Sturgis II | 903,114 | 0 | 0 | 903,114 | 12,700,000 | As Is | 8/14/2024 | |||||||
3.12 | Property | 1 | Denver | 764,191 | 0 | 0 | 764,191 | 11,500,000 | As Is | 8/12/2024 | |||||||
3.13 | Property | 1 | Sturgis I | 779,990 | 0 | 0 | 779,990 | 11,000,000 | As Is | 8/14/2024 | |||||||
3.14 | Property | 1 | Social Circle | 572,273 | 0 | 0 | 572,273 | 9,200,000 | As Is | 8/15/2024 | |||||||
3.15 | Property | 1 | Caldwell | 506,073 | 0 | 0 | 506,073 | 8,900,000 | As Is | 8/14/2024 | |||||||
3.16 | Property | 1 | Brenham | 624,575 | 0 | 0 | 624,575 | 8,600,000 | As Is | 8/13/2024 | |||||||
3.17 | Property | 1 | Clinton | 507,120 | 0 | 0 | 507,120 | 7,900,000 | As Is | 8/13/2024 | |||||||
3.18 | Property | 1 | Ehrenberg | 465,267 | 0 | 0 | 465,267 | 7,900,000 | As Is | 8/9/2024 | |||||||
3.19 | Property | 1 | Rydal | 485,812 | 0 | 0 | 485,812 | 7,300,000 | As Is | 8/15/2024 | |||||||
3.20 | Property | 1 | Claremore | 520,767 | 0 | 0 | 520,767 | 6,800,000 | As Is | 8/12/2024 | |||||||
3.21 | Property | 1 | West Palm Beach | 372,307 | 0 | 0 | 372,307 | 6,150,000 | As Is | 8/13/2024 | |||||||
3.22 | Property | 1 | Decatur | 300,165 | 0 | 0 | 300,165 | 5,800,000 | As Is | 8/1/2024 | |||||||
3.23 | Property | 1 | North Salt Lake | 348,040 | 0 | 0 | 348,040 | 5,700,000 | As Is | 8/16/2024 | |||||||
3.24 | Property | 1 | Ephrata | 372,102 | 0 | 0 | 372,102 | 5,600,000 | As Is | 8/12/2024 | |||||||
3.25 | Property | 1 | Nashville | 278,231 | 0 | 0 | 278,231 | 4,500,000 | As Is | 8/12/2024 | |||||||
3.26 | Property | 1 | Louisville | 259,678 | 0 | 0 | 259,678 | 4,300,000 | As Is | 8/14/2024 | |||||||
3.27 | Property | 1 | Riverside II | 160,754 | 0 | 0 | 160,754 | 3,900,000 | As Is | 8/9/2024 | |||||||
3.28 | Property | 1 | Corsicana | 397,553 | 0 | 0 | 397,553 | 6,700,000 | As Is | 8/15/2024 | |||||||
3.29 | Property | 1 | Centralia | 200,330 | 0 | 0 | 200,330 | 3,970,000 | As Is | 8/14/2024 | |||||||
3.30 | Property | 1 | Indianapolis | 162,393 | 0 | 0 | 162,393 | 2,650,000 | As Is | 8/12/2024 | |||||||
3.31 | Property | 1 | Elkhart | 71,641 | 0 | 0 | 71,641 | 1,250,000 | As Is | 8/12/2024 | |||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 27,302,500 | 48,099 | 0 | 27,254,401 | 2.19 | 2.19 | 12.2% | 12.2% | 446,000,000 | Prospective Value Upon Stabilization | 7/11/2024 | 50.0% | 50.0% |
5 | Loan | 5 | 1 | Grapevine Mills | 44,890,363 | 290,215 | 2,047,768 | 42,552,379 | 2.83 | 2.68 | 18.0% | 17.0% | 548,000,000 | As Is | 5/13/2024 | 45.6% | 45.6% |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 18,746,078 | 2,663,739 | 0 | 16,082,339 | 2.51 | 2.16 | 17.0% | 14.6% | 165,500,000 | As Is | 5/17/2024 | 66.5% | 66.5% |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 7,315,386 | 749,385 | 0 | 6,566,001 | 1.98 | 1.78 | 13.8% | 12.4% | 83,900,000 | As Is | 5/23/2024 | 63.2% | 63.2% |
8 | Loan | 1 | Germantown Commons | 5,421,178 | 45,446 | 186,769 | 5,188,964 | 1.87 | 1.79 | 11.1% | 10.6% | 69,900,000 | As Is | 8/3/2024 | 70.1% | 70.1% | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 19,314,829 | 125,580 | 626,702 | 18,562,547 | 2.94 | 2.83 | 16.8% | 16.1% | 267,100,000 | As Is | 5/29/2024 | 43.1% | 43.1% |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 22,768,993 | 224,465 | 441,427 | 22,103,101 | 1.82 | 1.77 | 12.6% | 12.3% | 315,000,000 | As Is | 5/29/2024 | 57.1% | 57.1% |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 21,392,485 | 1,747,157 | 0 | 19,645,328 | 2.93 | 2.69 | 21.4% | 19.7% | 223,000,000 | Upon Completion | 4/25/2025 | 44.7% | 38.3% |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 4,102,021 | 24,407 | 116,586 | 3,961,027 | 1.43 | 1.38 | 13.0% | 12.6% | 53,600,000 | As Is | 4/10/2024 | 58.7% | 41.9% |
12.01 | Property | 1 | 30-56 Whitestone Expressway | 2,164,833 | 14,657 | 77,238 | 2,072,937 | 27,900,000 | As Is | 4/10/2024 | |||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | 1,937,188 | 9,750 | 39,348 | 1,888,090 | 25,700,000 | As Is | 4/10/2024 | |||||||
13 | Loan | 5, D | 1 | 610 Newport Center | 14,608,090 | 77,668 | 285,144 | 14,245,278 | 2.99 | 2.92 | 17.2% | 16.8% | 191,000,000 | As Is | 5/29/2024 | 44.5% | 44.5% |
14 | Loan | 1 | Briarcliff Commons | 4,028,758 | 30,342 | 288,940 | 3,709,477 | 2.42 | 2.23 | 13.4% | 12.4% | 61,800,000 | As Is | 7/10/2024 | 48.5% | 48.5% | |
15 | Loan | 1 | Kendall Value Center | 3,008,970 | 27,509 | 207,937 | 2,773,524 | 1.83 | 1.69 | 12.0% | 11.1% | 51,100,000 | As Is | 5/15/2024 | 48.9% | 48.9% | |
16 | Loan | 18 | 1 | Hamden Life Storage II | 2,302,725 | 14,393 | 30,691 | 2,257,640 | 1.46 | 1.43 | 9.5% | 9.3% | 42,100,000 | As Is | 6/7/2024 | 57.6% | 57.6% |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 2,339,529 | 24,312 | 0 | 2,315,218 | 1.59 | 1.58 | 10.2% | 10.1% | 40,710,000 | As Is | Various | 56.3% | 56.3% |
17.01 | Property | 1 | Compass Self Storage Alachua | 952,987 | 12,427 | 0 | 940,559 | 14,950,000 | As Is | 7/25/2024 | |||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | 913,569 | 5,555 | 0 | 908,013 | 17,310,000 | As Is | 7/30/2024 | |||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | 472,974 | 6,329 | 0 | 466,645 | 8,450,000 | As Is | 7/30/2024 | |||||||
18 | Loan | 5 | 1 | Newport Centre | 28,762,228 | 193,237 | 966,186 | 27,602,805 | 2.78 | 2.66 | 15.3% | 14.7% | 436,800,000 | As Is | 7/11/2024 | 43.0% | 43.0% |
19 | Loan | 1 | East West Commons | 2,523,393 | 38,103 | 69,099 | 2,416,191 | 2.24 | 2.15 | 14.0% | 13.4% | 31,800,000 | As Is | 6/27/2024 | 56.6% | 56.6% | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | 3,951,373 | 524,130 | 0 | 3,427,243 | 3.04 | 2.64 | 22.0% | 19.0% | 47,400,000 | As Is | 6/25/2024 | 38.0% | 32.3% |
21 | Loan | 1 | Brooklyn Renaissance Garage | 1,680,050 | 44,400 | 0 | 1,635,650 | 1.38 | 1.34 | 11.0% | 10.7% | 35,200,000 | As Is | 4/25/2024 | 43.3% | 37.9% | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 1,254,369 | 14,150 | 0 | 1,240,219 | 1.26 | 1.25 | 9.0% | 8.9% | 25,070,000 | As Is | 5/2/2024 | 55.8% | 55.8% |
22.01 | Property | 1 | Waters Edge | 654,075 | 8,600 | 0 | 645,475 | 14,190,000 | As Is | 5/2/2024 | |||||||
22.02 | Property | 1 | Southwest Estates | 600,293 | 5,550 | 0 | 594,743 | 10,880,000 | As Is | 5/2/2024 | |||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 1,819,670 | 170,534 | 0 | 1,649,136 | 1.56 | 1.41 | 13.0% | 11.8% | 19,800,000 | As Is | 6/6/2024 | 70.7% | 62.4% | |
24 | Loan | 1 | 115 West 190th Street | 1,161,423 | 9,250 | 0 | 1,152,173 | 1.34 | 1.33 | 9.4% | 9.3% | 18,000,000 | As Is | 7/3/2024 | 68.9% | 68.9% | |
25 | Loan | 1 | 345 Tenth Street | 1,406,521 | 20,258 | 0 | 1,386,263 | 2.21 | 2.18 | 14.8% | 14.6% | 23,200,000 | As Is | 6/3/2024 | 40.9% | 40.9% | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 2,141,134 | 29,500 | 0 | 2,111,634 | 3.65 | 3.60 | 23.8% | 23.5% | 28,900,000 | As Is | 7/16/2024 | 31.1% | 28.9% |
27 | Loan | 1 | Hampton Inn Grandville | 1,372,660 | 116,184 | 0 | 1,256,476 | 1.96 | 1.79 | 15.7% | 14.3% | 13,700,000 | As Is | 6/20/2024 | 64.0% | 55.9% | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 1,105,744 | 134,278 | 0 | 971,466 | 1.64 | 1.44 | 13.2% | 11.6% | 14,500,000 | As Is | 6/13/2024 | 57.9% | 55.0% | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 655,503 | 10,350 | 0 | 645,153 | 1.37 | 1.35 | 9.2% | 9.0% | 11,000,000 | As Is | Various | 64.9% | 64.9% |
29.01 | Property | 1 | White Oaks MHC | NAV | NAV | NAV | NAV | 2,800,000 | As Is | 7/24/2024 |
A-1-11 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Underwritten Net Operating Income ($) | Underwritten Replacement / FF&E Reserve ($) | Underwritten TI / LC ($) | Underwritten Net Cash Flow ($) | Underwritten NOI DSCR (x) | Underwritten NCF DSCR (x) | Underwritten NOI Debt Yield (%) | Underwritten NCF Debt Yield (%) | Appraised Value ($) | Appraised Value Type | Appraisal Date | Cut-off Date LTV Ratio (%) | LTV Ratio at Maturity / ARD (%) |
29.02 | Property | 1 | Magnolia Trace MHC | NAV | NAV | NAV | NAV | 2,600,000 | As Is | 8/6/2024 | |||||||
29.03 | Property | 1 | Herradura Heights | NAV | NAV | NAV | NAV | 2,400,000 | As Is | 7/24/2024 | |||||||
29.04 | Property | 1 | Cypress Trace MHC | NAV | NAV | NAV | NAV | 1,800,000 | As Is | 7/24/2024 | |||||||
29.05 | Property | 1 | Village Trace MHC | NAV | NAV | NAV | NAV | 1,400,000 | As Is | 7/24/2024 | |||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 3,661,423 | 92,000 | 0 | 3,569,423 | 7.71 | 7.52 | 56.3% | 54.9% | 68,900,000 | As Is | 7/12/2024 | 9.4% | 8.0% |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 6,306,657 | 31,800 | 0 | 6,274,857 | 16.10 | 16.02 | 112.7% | 112.2% | 167,300,000 | As Is | 6/12/2024 | 3.3% | 2.8% |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 506,390 | 2,694 | 21,396 | 482,301 | 1.68 | 1.60 | 12.4% | 11.8% | 6,700,000 | As Is | 6/19/2024 | 61.1% | 52.3% |
33 | Loan | 21 | 1 | 169 East Broadway | 415,303 | 4,500 | 0 | 410,803 | 1.53 | 1.52 | 10.9% | 10.8% | 7,900,000 | As Is | 4/16/2024 | 48.1% | 48.1% |
34 | Loan | 1 | Riverwinds MHC | 429,943 | 5,150 | 0 | 424,793 | 1.47 | 1.45 | 11.8% | 11.6% | 6,300,000 | As Is | 5/28/2024 | 57.9% | 50.7% | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 693,683 | 17,200 | 0 | 676,483 | 3.83 | 3.73 | 25.7% | 25.1% | 14,400,000 | As Is | 5/17/2024 | 18.7% | 17.5% |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 596,363 | 9,500 | 0 | 586,863 | 4.65 | 4.58 | 33.2% | 32.6% | 7,800,000 | As Is | 5/13/2024 | 23.1% | 21.7% |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 1,504,721 | 6,750 | 0 | 1,497,971 | 12.44 | 12.38 | 86.0% | 85.6% | 58,600,000 | As Is | 6/27/2024 | 3.0% | 2.8% |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 2,167,114 | 31,500 | 0 | 2,135,614 | 21.86 | 21.54 | 144.5% | 142.4% | 45,600,000 | As Is | 5/17/2024 | 3.3% | 3.3% |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 436,166 | 8,100 | 0 | 428,066 | 4.63 | 4.54 | 35.0% | 34.3% | 6,300,000 | As Is | 5/28/2024 | 19.8% | 17.1% |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 673,223 | 12,000 | 0 | 661,223 | 8.18 | 8.03 | 61.3% | 60.2% | 24,450,000 | As Is | 6/6/2024 | 4.5% | 3.9% |
A-1-12 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Leased Occupancy (%)(2) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date(4) | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date(4) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 89.8% | 5/31/2024 | |||||||||
1.01 | Property | 1 | Soho Grand Hotel | 90.4% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | 1 | Roxy Hotel | 88.8% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 94.9% | Various | No | Regal Cinemas, Inc. | 56,979 | 11.4% | 12/31/2033 | Western Carolina University | 48,318 | 9.7% | 10/31/2028 (12,549 SF); 7/31/2029 (35,769 SF) |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 100.0% | Various | |||||||||
3.01 | Property | 1 | Ringgold | 100.0% | 10/1/2024 | Yes | Morgan Olson | 878,000 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.02 | Property | 1 | Laval | 100.0% | 10/1/2024 | Yes | Morgan Truck | 117,533 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.03 | Property | 1 | Loudon | 100.0% | 10/1/2024 | Yes | Morgan Olson | 334,024 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.04 | Property | 1 | Salt Lake City | 100.0% | 10/1/2024 | Yes | Reading Truck | 109,914 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.05 | Property | 1 | Morgantown | 100.0% | 10/1/2024 | Yes | Morgan Truck | 246,843 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.06 | Property | 1 | Reading | 100.0% | 10/1/2024 | Yes | Reading Truck | 323,381 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.07 | Property | 1 | Orrville | 100.0% | 9/1/2024 | No | Morgan Truck | 301,524 | 86.9% | 12/31/2039 | JLG Industries | 45,500 | 13.1% | 8/28/2028 | |
3.08 | Property | 1 | Riverside I | 100.0% | 10/1/2024 | Yes | Morgan Truck | 66,000 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.09 | Property | 1 | Spring Hill | 100.0% | 10/1/2024 | Yes | Reading Truck | 80,400 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.10 | Property | 1 | Janesville | 100.0% | 10/1/2024 | Yes | Morgan Truck | 196,098 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.11 | Property | 1 | Sturgis II | 100.0% | 10/1/2024 | Yes | Morgan Olson | 204,555 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.12 | Property | 1 | Denver | 100.0% | 9/1/2024 | No | Morgan Truck | 58,285 | 59.2% | 12/31/2039 | Lippert Components Manufacturing | 40,200 | 40.8% | 6/30/2028 | |
3.13 | Property | 1 | Sturgis I | 100.0% | 10/1/2024 | Yes | Morgan Olson | 175,700 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.14 | Property | 1 | Social Circle | 100.0% | 10/1/2024 | Yes | Masterack LLC | 200,342 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.15 | Property | 1 | Caldwell | 100.0% | 10/1/2024 | Yes | Reading Truck | 37,100 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.16 | Property | 1 | Brenham | 100.0% | 10/1/2024 | Yes | MIC Group LLC | 128,225 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.17 | Property | 1 | Clinton | 100.0% | 10/1/2024 | Yes | Reading Truck | 17,552 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.18 | Property | 1 | Ehrenberg | 100.0% | 10/1/2024 | Yes | Morgan Truck | 120,416 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.19 | Property | 1 | Rydal | 100.0% | 10/1/2024 | Yes | Morgan Truck | 102,697 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.20 | Property | 1 | Claremore | 100.0% | 10/1/2024 | Yes | Reading Truck | 101,498 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.21 | Property | 1 | West Palm Beach | 100.0% | 10/1/2024 | Yes | Reading Truck | 24,890 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.22 | Property | 1 | Decatur | 100.0% | 10/1/2024 | Yes | EFP LLC | 183,804 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.23 | Property | 1 | North Salt Lake | 100.0% | 10/1/2024 | Yes | Reading Truck | 26,145 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.24 | Property | 1 | Ephrata | 100.0% | 10/1/2024 | Yes | Morgan Truck | 55,198 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.25 | Property | 1 | Nashville | 100.0% | 10/1/2024 | Yes | Reading Truck | 18,144 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.26 | Property | 1 | Louisville | 100.0% | 10/1/2024 | Yes | Reading Truck | 26,325 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.27 | Property | 1 | Riverside II | 100.0% | 10/1/2024 | Yes | Morgan Truck | 137,214 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.28 | Property | 1 | Corsicana | 100.0% | 10/1/2024 | Yes | Morgan Truck | 75,616 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.29 | Property | 1 | Centralia | 100.0% | 10/1/2024 | Yes | Leer | 47,826 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.30 | Property | 1 | Indianapolis | 100.0% | 10/1/2024 | Yes | Reading Truck | 28,364 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
3.31 | Property | 1 | Elkhart | 100.0% | 10/1/2024 | Yes | Leer | 16,855 | 100.0% | 12/31/2039 | NAP | NAP | NAP | NAP | |
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 97.5% | 8/16/2024 | No | VISA, Inc. | 303,629 | 94.7% | 3/31/2038 | Cinque Terre (Che Fico) | 8,316 | 2.6% | 5/31/2040 |
5 | Loan | 5 | 1 | Grapevine Mills | 96.2% | 5/9/2024 | No | Bass Pro Shops Outdoor World | 177,063 | 10.9% | 3/24/2029 | AMC Theatres | 108,733 | 6.7% | 12/31/2024 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 78.9% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 79.5% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 1 | Germantown Commons | 95.4% | 7/22/2024 | No | Giant | 46,756 | 23.3% | 4/30/2032 | Ross Dress For Less | 28,006 | 14.0% | 1/31/2035 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 88.4% | 6/17/2024 | No | Amazon | 199,557 | 31.8% | 5/31/2026 | CoreLogic Inc | 92,005 | 14.7% | 7/31/2028 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 88.8% | 7/17/2024 | No | Bloomingdale's | 265,148 | 31.9% | 9/30/2028 | Grosvenor Capital Mgmnt, L.P. | 72,738 | 8.7% | 9/30/2037 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 70.1% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 100.0% | Various | |||||||||
12.01 | Property | 1 | 30-56 Whitestone Expressway | 100.0% | 8/22/2024 | No | NY DMV | 39,000 | 66.5% | 1/31/2034 | Triangle Equities Management | 9,955 | 17.0% | 2/28/2034 | |
12.02 | Property | 1 | 168-35 Rockaway Boulevard | 100.0% | 10/1/2024 | Yes | NY DMV | 39,000 | 100.0% | 1/31/2034 | NAP | NAP | NAP | NAP | |
13 | Loan | 5, D | 1 | 610 Newport Center | 92.4% | 6/25/2024 | No | Chipotle | 95,278 | 33.4% | 10/31/2029 | O'Melveny and Myers LLP | 45,156 | 15.8% | 6/30/2032 |
14 | Loan | 1 | Briarcliff Commons | 96.9% | 6/30/2024 | No | Kohls | 79,998 | 44.6% | 1/31/2031 | Uncle Guiseppes Marketplace | 37,801 | 21.1% | 1/31/2037 | |
15 | Loan | 1 | Kendall Value Center | 100.0% | 5/6/2024 | No | BJ's Wholesale Club | 106,484 | 58.1% | 11/30/2027 | Goodwill Superstore | 15,000 | 8.2% | 8/31/2028 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | 88.3% | 8/15/2024 | No | The Nest Schools, Inc. | 21,336 | 16.6% | 8/31/2040 | MID-K Beauty Supplies New Haven Corp. | 6,897 | 5.4% | 6/30/2031 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 87.6% | Various | |||||||||
17.01 | Property | 1 | Compass Self Storage Alachua | 88.8% | 8/14/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | 1 | Metro Self Storage – Limerick | 90.8% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.03 | Property | 1 | Compass Self Storage Cleveland | 80.4% | 8/14/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 5 | 1 | Newport Centre | 92.5% | 7/29/2024 | No | Macy's | 229,889 | 23.8% | 1/29/2028 | Sears (Dick's House of Sport & Primark) | 192,000 | 19.9% | 10/31/2027 |
19 | Loan | 1 | East West Commons | 99.4% | 5/31/2024 | No | Burlington | 30,000 | 17.3% | 2/28/2033 | TJ Maxx | 30,000 | 17.3% | 5/31/2029 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | 74.6% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 85.2% | 5/1/2024 | |||||||||
22.01 | Property | 1 | Waters Edge | 79.7% | 5/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Southwest Estates | 93.7% | 5/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 62.3% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1 | 115 West 190th Street | 100.0% | 7/15/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | 345 Tenth Street | 94.9% | 6/12/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 97.0% | 7/16/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 1 | Hampton Inn Grandville | 61.9% | 5/31/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 86.5% | 6/30/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 95.4% | 7/1/2024 | |||||||||
29.01 | Property | 1 | White Oaks MHC | 95.7% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-13 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Leased Occupancy (%)(2) | Occupancy Date | Single Tenant (Y/N) | Largest Tenant | Largest Tenant SF | Largest Tenant % of NRA | Largest Tenant Lease Expiration Date(4) | Second Largest Tenant | Second Largest Tenant SF | Second Largest Tenant % of NRA | Second Largest Tenant Lease Expiration Date(4) |
29.02 | Property | 1 | Magnolia Trace MHC | 100.0% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.03 | Property | 1 | Herradura Heights | 95.6% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.04 | Property | 1 | Cypress Trace MHC | 88.9% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.05 | Property | 1 | Village Trace MHC | 96.3% | 7/1/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 95.0% | 7/12/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 94.9% | 6/12/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 93.3% | 7/1/2024 | No | Five Guys Operations, LLC | 2,360 | 13.1% | 6/30/2025 | SimonMed Imaging | 2,100 | 11.7% | 4/30/2031 |
33 | Loan | 21 | 1 | 169 East Broadway | 100.0% | 6/1/2024 | No | Café 169 Inc. | 2,500 | 100.0% | 2/28/2025 | NAP | NAP | NAP | NAP |
34 | Loan | 1 | Riverwinds MHC | 94.2% | 7/9/2024 | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 95.0% | 5/17/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 94.7% | 5/13/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 95.0% | 6/27/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 95.0% | 5/17/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 97.0% | 5/28/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 95.0% | 6/6/2024 | No | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-14 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date(4) | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date(4) | Fifth Largest Tenant |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | |||||||||
1.01 | Property | 1 | Soho Grand Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
1.02 | Property | 1 | Roxy Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | Barnes & Noble Booksellers, Inc. | 27,929 | 5.6% | 1/31/2026 | REI | 27,866 | 5.6% | 2/28/2029 | Thermo Fisher Scientific, Inc. |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | |||||||||
3.01 | Property | 1 | Ringgold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.02 | Property | 1 | Laval | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.03 | Property | 1 | Loudon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.04 | Property | 1 | Salt Lake City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.05 | Property | 1 | Morgantown | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.06 | Property | 1 | Reading | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.07 | Property | 1 | Orrville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.08 | Property | 1 | Riverside I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.09 | Property | 1 | Spring Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.10 | Property | 1 | Janesville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.11 | Property | 1 | Sturgis II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.12 | Property | 1 | Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.13 | Property | 1 | Sturgis I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.14 | Property | 1 | Social Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.15 | Property | 1 | Caldwell | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.16 | Property | 1 | Brenham | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.17 | Property | 1 | Clinton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.18 | Property | 1 | Ehrenberg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.19 | Property | 1 | Rydal | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.20 | Property | 1 | Claremore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.21 | Property | 1 | West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.22 | Property | 1 | Decatur | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.23 | Property | 1 | North Salt Lake | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.24 | Property | 1 | Ephrata | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.25 | Property | 1 | Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.26 | Property | 1 | Louisville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.27 | Property | 1 | Riverside II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.28 | Property | 1 | Corsicana | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.29 | Property | 1 | Centralia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.30 | Property | 1 | Indianapolis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
3.31 | Property | 1 | Elkhart | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | Proper Foods | 690 | 0.2% | 6/30/2034 | NAP | NAP | NAP | NAP | NAP |
5 | Loan | 5 | 1 | Grapevine Mills | Fieldhouse USA | 106,207 | 6.5% | 1/31/2027 | Burlington | 100,102 | 6.1% | 1/31/2028 | Round 1 Bowling and Amusement |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 1 | Germantown Commons | Gold's Gym | 26,136 | 13.0% | 3/31/2033 | Petco | 14,868 | 7.4% | 1/31/2029 | Big Blue Swim School | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | Brown & Streza, LLP | 43,580 | 6.9% | 6/30/2032 | KPMG LLP | 34,585 | 5.5% | 7/31/2029 | Century Business Solutions |
10 | Loan | 5, 15 | 1 | 900 North Michigan | Walton Street Capital LLC | 30,304 | 3.6% | 8/31/2029 | Equinox | 30,021 | 3.6% | 6/30/2028 | JMB Insurance Agency |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | |||||||||
12.01 | Property | 1 | 30-56 Whitestone Expressway | Lee Kum Kee | 4,837 | 8.3% | 4/30/2034 | MT Group, LLC | 3,611 | 6.2% | 4/30/2028 | ATA Logistics | |
12.02 | Property | 1 | 168-35 Rockaway Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
13 | Loan | 5, D | 1 | 610 Newport Center | Canterbury Consulting Inc | 15,887 | 5.6% | 5/31/2028 | Call and Jensen APC | 11,806 | 4.1% | 8/31/2029 | RBC Capital Markets, LLC |
14 | Loan | 1 | Briarcliff Commons | Sketchers | 8,368 | 4.7% | 9/30/2029 | Hot Tub Central III | 5,567 | 3.1% | 3/31/2034 | Chick Fil A | |
15 | Loan | 1 | Kendall Value Center | Sanitas Medical Center | 14,518 | 7.9% | 9/30/2025 | CVS | 13,013 | 7.1% | 1/31/2036 | Sunset Jewelry Exchange | |
16 | Loan | 18 | 1 | Hamden Life Storage II | Subway | 1,500 | 1.2% | 12/31/2032 | Tax Services of America, Inc. | 958 | 0.7% | 4/30/2028 | NAP |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | |||||||||
17.01 | Property | 1 | Compass Self Storage Alachua | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.02 | Property | 1 | Metro Self Storage – Limerick | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
17.03 | Property | 1 | Compass Self Storage Cleveland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
18 | Loan | 5 | 1 | Newport Centre | Kohl's | 144,654 | 15.0% | 1/29/2028 | AMC Theatres | 45,165 | 4.7% | 1/31/2026 | H&M |
19 | Loan | 1 | East West Commons | Office Max | 23,500 | 13.6% | 7/31/2027 | PetSmart | 15,167 | 8.8% | 1/31/2026 | Party City | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | |||||||||
22.01 | Property | 1 | Waters Edge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22.02 | Property | 1 | Southwest Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1 | 115 West 190th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
27 | Loan | 1 | Hampton Inn Grandville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | |||||||||
29.01 | Property | 1 | White Oaks MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-15 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Third Largest Tenant | Third Largest Tenant SF | Third Largest Tenant % of NRA | Third Largest Tenant Lease Expiration Date(4) | Fourth Largest Tenant | Fourth Largest Tenant SF | Fourth Largest Tenant % of NRA | Fourth Largest Tenant Lease Expiration Date(4) | Fifth Largest Tenant |
29.02 | Property | 1 | Magnolia Trace MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.03 | Property | 1 | Herradura Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.04 | Property | 1 | Cypress Trace MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29.05 | Property | 1 | Village Trace MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | Milan Laser | 1,800 | 10.0% | 7/30/2027 | Wireless Vision dba TMobile | 1,500 | 8.4% | 1/31/2028 | Red Ribbon Bakeshop |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-16 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date(4) | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | ||||||||||||
1.01 | Property | 1 | Soho Grand Hotel | NAP | NAP | NAP | 7/18/2024 | NAP | 7/17/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
1.02 | Property | 1 | Roxy Hotel | NAP | NAP | NAP | 7/18/2024 | NAP | 7/17/2024 | NAP | NAP | No | Fee | NAP | NAP | |
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 25,140 | 5.0% | 3/31/2026 | 8/1/2024 | NAP | 7/30/2024 | NAP | NAP | No | Fee | NAP | NAP |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | ||||||||||||
3.01 | Property | 1 | Ringgold | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.02 | Property | 1 | Laval | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.03 | Property | 1 | Loudon | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.04 | Property | 1 | Salt Lake City | NAP | NAP | NAP | 8/19/2024 | NAP | 8/26/2024 | 8/26/2024 | 10% | No | Fee | NAP | NAP | |
3.05 | Property | 1 | Morgantown | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | Yes - A | Fee | NAP | NAP | |
3.06 | Property | 1 | Reading | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.07 | Property | 1 | Orrville | NAP | NAP | NAP | 8/23/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.08 | Property | 1 | Riverside I | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | 8/26/2024 | 14% | No | Fee | NAP | NAP | |
3.09 | Property | 1 | Spring Hill | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.10 | Property | 1 | Janesville | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.11 | Property | 1 | Sturgis II | NAP | NAP | NAP | 8/22/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.12 | Property | 1 | Denver | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.13 | Property | 1 | Sturgis I | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.14 | Property | 1 | Social Circle | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.15 | Property | 1 | Caldwell | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.16 | Property | 1 | Brenham | NAP | NAP | NAP | 8/23/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.17 | Property | 1 | Clinton | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.18 | Property | 1 | Ehrenberg | NAP | NAP | NAP | 8/23/2024 | NAP | 8/26/2024 | 9/3/2024 | 5% | No | Fee | NAP | NAP | |
3.19 | Property | 1 | Rydal | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.20 | Property | 1 | Claremore | NAP | NAP | NAP | 8/21/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.21 | Property | 1 | West Palm Beach | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.22 | Property | 1 | Decatur | NAP | NAP | NAP | 8/27/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.23 | Property | 1 | North Salt Lake | NAP | NAP | NAP | 8/20/2024 | NAP | 8/26/2024 | 8/26/2024 | 8% | No | Fee | NAP | NAP | |
3.24 | Property | 1 | Ephrata | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.25 | Property | 1 | Nashville | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.26 | Property | 1 | Louisville | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.27 | Property | 1 | Riverside II | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.28 | Property | 1 | Corsicana | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.29 | Property | 1 | Centralia | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | 8/26/2024 | 7% | No | Fee | NAP | NAP | |
3.30 | Property | 1 | Indianapolis | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
3.31 | Property | 1 | Elkhart | NAP | NAP | NAP | 8/26/2024 | NAP | 8/26/2024 | NAP | NAP | No | Fee | NAP | NAP | |
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | NAP | NAP | NAP | 5/21/2024 | NAP | 5/20/2024 | 5/21/2024 | 11% | No | Leasehold | 6/25/2095 | None |
5 | Loan | 5 | 1 | Grapevine Mills | 80,649 | 5.0% | 1/31/2027 | 5/21/2024 | NAP | 5/21/2024 | NAP | NAP | No | Fee | NAP | NAP |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | NAP | NAP | NAP | 4/4/2024 | NAP | 4/9/2024 | 4/9/2024 | 10% | No | Leasehold | 6/30/2067 | 1, 10 year or 1, 20 year |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | NAP | NAP | NAP | 6/10/2024 | NAP | 6/10/2024 | NAP | NAP | No | Fee | NAP | NAP |
8 | Loan | 1 | Germantown Commons | 11,900 | 5.9% | 1/31/2034 | 8/27/2024 | NAP | 8/27/2024 | NAP | NAP | No | Fee | NAP | NAP | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 33,694 | 5.4% | 2/28/2030 | 5/24/2024 | NAP | 6/3/2024 | 6/3/2024 | 8% | No | Fee | NAP | NAP |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 24,246 | 2.9% | 6/30/2037 | 6/7/2024 | NAP | 6/13/2024 | NAP | NAP | No | Fee | NAP | NAP |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | NAP | NAP | NAP | 5/1/2024 | NAP | 5/1/2024 | NAP | NAP | No | Fee | NAP | NAP |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | ||||||||||||
12.01 | Property | 1 | 30-56 Whitestone Expressway | 1,226 | 2.1% | 9/14/2027 | 4/25/2024 | NAP | 4/25/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
12.02 | Property | 1 | 168-35 Rockaway Boulevard | NAP | NAP | NAP | 4/25/2024 | NAP | 4/25/2024 | NAP | NAP | No | Fee | NAP | NAP | |
13 | Loan | 5, D | 1 | 610 Newport Center | 11,227 | 3.9% | 3/31/2029 | 5/28/2024 | NAP | 6/3/2024 | 6/3/2024 | 12% | No | Fee | NAP | NAP |
14 | Loan | 1 | Briarcliff Commons | 4,851 | 2.7% | 4/30/2044 | 8/6/2024 | NAP | 7/26/2024 | NAP | NAP | No | Fee | 1/31/2031 | 2, 5 year automatic extension periods | |
15 | Loan | 1 | Kendall Value Center | 6,000 | 3.3% | 1/31/2029 | 5/21/2024 | NAP | 5/21/2024 | NAP | NAP | Yes - AH | Fee | NAP | NAP | |
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | NAP | NAP | 6/20/2024 | NAP | 6/20/2024 | NAP | NAP | No | Fee | NAP | NAP |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | ||||||||||||
17.01 | Property | 1 | Compass Self Storage Alachua | NAP | NAP | NAP | 8/2/2024 | NAP | 8/2/2024 | NAP | NAP | No | Fee | NAP | NAP | |
17.02 | Property | 1 | Metro Self Storage – Limerick | NAP | NAP | NAP | 7/10/2024 | NAP | 7/5/2024 | NAP | NAP | No | Fee | NAP | NAP | |
17.03 | Property | 1 | Compass Self Storage Cleveland | NAP | NAP | NAP | 7/30/2024 | NAP | 7/30/2024 | NAP | NAP | No | Fee | NAP | NAP | |
18 | Loan | 5 | 1 | Newport Centre | 26,863 | 2.8% | 1/31/2030 | 7/18/2024 | NAP | 7/18/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP |
19 | Loan | 1 | East West Commons | 11,040 | 6.4% | 8/31/2026 | 5/31/2024 | NAP | 5/31/2024 | NAP | NAP | No | Fee | NAP | NAP | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | NAP | NAP | 8/30/2024 | NAP | 8/30/2024 | NAP | NAP | No | Fee | NAP | NAP |
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | 5/9/2024 | NAP | 5/9/2024 | NAP | NAP | No | Leasehold | 6/18/2086 | No | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | ||||||||||||
22.01 | Property | 1 | Waters Edge | NAP | NAP | NAP | 5/23/2024 | NAP | 5/23/2024 | NAP | NAP | No | Fee | NAP | NAP | |
22.02 | Property | 1 | Southwest Estates | NAP | NAP | NAP | 5/23/2024 | NAP | 5/23/2024 | NAP | NAP | No | Fee | NAP | NAP | |
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | NAP | NAP | NAP | 6/11/2024 | NAP | 6/11/2024 | NAP | NAP | No | Fee | NAP | NAP | |
24 | Loan | 1 | 115 West 190th Street | NAP | NAP | NAP | 7/10/2024 | NAP | 7/10/2024 | NAP | NAP | No | Fee | NAP | NAP | |
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | NAP | 6/6/2024 | 7/30/2024 | 5/31/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | NAP | 8/2/2024 | NAP | 8/6/2024 | NAP | NAP | No | Fee | NAP | NAP |
27 | Loan | 1 | Hampton Inn Grandville | NAP | NAP | NAP | 6/28/2024 | NAP | 7/2/2024 | NAP | NAP | No | Fee | NAP | NAP | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | NAP | NAP | NAP | 7/3/2024 | NAP | 7/3/2024 | NAP | NAP | No | Fee | NAP | NAP | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | ||||||||||||
29.01 | Property | 1 | White Oaks MHC | NAP | NAP | NAP | 8/6/2024 | NAP | 8/5/2024 | NAP | NAP | No | Fee | NAP | NAP |
A-1-17 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Fifth Largest Tenant SF | Fifth Largest Tenant % of NRA | Fifth Largest Tenant Lease Expiration Date(4) | Environmental Phase I Report Date | Environmental Phase II Report Date | Engineering Report Date | Seismic Report Date | PML or SEL (%) | Flood Zone | Ownership Interest | Ground Lease Expiration Date | Ground Lease Extension Terms |
29.02 | Property | 1 | Magnolia Trace MHC | NAP | NAP | NAP | 8/6/2024 | NAP | 8/5/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
29.03 | Property | 1 | Herradura Heights | NAP | NAP | NAP | 8/6/2024 | NAP | 8/5/2024 | NAP | NAP | Yes - A | Fee | NAP | NAP | |
29.04 | Property | 1 | Cypress Trace MHC | NAP | NAP | NAP | 8/6/2024 | NAP | 8/5/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
29.05 | Property | 1 | Village Trace MHC | NAP | NAP | NAP | 8/6/2024 | NAP | 8/5/2024 | NAP | NAP | Yes - AE | Fee | NAP | NAP | |
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | NAP | 7/25/2024 | NAP | 7/25/2024 | NAP | NAP | No | Fee | NAP | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | NAP | 6/27/2024 | NAP | 6/28/2024 | NAP | NAP | No | Fee | NAP | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 1,500 | 8.4% | 7/31/2032 | 6/25/2024 | NAP | 6/25/2024 | NAP | NAP | No | Fee | NAP | NAP |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | NAP | 4/18/2024 | NAP | 5/16/2024 | NAP | NAP | No | Fee | NAP | NAP |
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | NAP | 6/7/2024 | NAP | 6/7/2024 | NAP | NAP | No | Fee | NAP | NAP | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | NAP | 6/3/2024 | NAP | 6/3/2024 | NAP | NAP | No | Fee | NAP | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | NAP | 5/24/2024 | NAP | 5/28/2024 | NAP | NAP | No | Fee | NAP | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | NAP | 7/9/2024 | NAP | 7/9/2024 | NAP | NAP | No | Fee | NAP | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | NAP | 5/1/2024 | NAP | 5/3/2024 | NAP | NAP | No | Fee | NAP | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | NAP | 6/6/2024 | NAP | 6/7/2024 | NAP | NAP | No | Fee | NAP | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | NAP | 6/17/2024 | NAP | 6/21/2024 | NAP | NAP | No | Fee | NAP | NAP |
A-1-18 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 1,907,655 | 635,885 | 0 | Springing | 387,448 | 387,533 | 0 | 0 | 0 | ||
1.01 | Property | 1 | Soho Grand Hotel | NAP | NAP | ||||||||||
1.02 | Property | 1 | Roxy Hotel | NAP | NAP | ||||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | NAP | NAP | 579,456 | 72,432 | 45,540 | 15,180 | $1,470,000 (LOC) | Springing | 0 | $3,000,000 (LOC) | Springing |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | ||
3.01 | Property | 1 | Ringgold | NAP | NAP | ||||||||||
3.02 | Property | 1 | Laval | NAP | NAP | ||||||||||
3.03 | Property | 1 | Loudon | NAP | NAP | ||||||||||
3.04 | Property | 1 | Salt Lake City | NAP | NAP | ||||||||||
3.05 | Property | 1 | Morgantown | NAP | NAP | ||||||||||
3.06 | Property | 1 | Reading | NAP | NAP | ||||||||||
3.07 | Property | 1 | Orrville | NAP | NAP | ||||||||||
3.08 | Property | 1 | Riverside I | NAP | NAP | ||||||||||
3.09 | Property | 1 | Spring Hill | NAP | NAP | ||||||||||
3.10 | Property | 1 | Janesville | NAP | NAP | ||||||||||
3.11 | Property | 1 | Sturgis II | NAP | NAP | ||||||||||
3.12 | Property | 1 | Denver | NAP | NAP | ||||||||||
3.13 | Property | 1 | Sturgis I | NAP | NAP | ||||||||||
3.14 | Property | 1 | Social Circle | NAP | NAP | ||||||||||
3.15 | Property | 1 | Caldwell | NAP | NAP | ||||||||||
3.16 | Property | 1 | Brenham | NAP | NAP | ||||||||||
3.17 | Property | 1 | Clinton | NAP | NAP | ||||||||||
3.18 | Property | 1 | Ehrenberg | NAP | NAP | ||||||||||
3.19 | Property | 1 | Rydal | NAP | NAP | ||||||||||
3.20 | Property | 1 | Claremore | NAP | NAP | ||||||||||
3.21 | Property | 1 | West Palm Beach | NAP | NAP | ||||||||||
3.22 | Property | 1 | Decatur | NAP | NAP | ||||||||||
3.23 | Property | 1 | North Salt Lake | NAP | NAP | ||||||||||
3.24 | Property | 1 | Ephrata | NAP | NAP | ||||||||||
3.25 | Property | 1 | Nashville | NAP | NAP | ||||||||||
3.26 | Property | 1 | Louisville | NAP | NAP | ||||||||||
3.27 | Property | 1 | Riverside II | NAP | NAP | ||||||||||
3.28 | Property | 1 | Corsicana | NAP | NAP | ||||||||||
3.29 | Property | 1 | Centralia | NAP | NAP | ||||||||||
3.30 | Property | 1 | Indianapolis | NAP | NAP | ||||||||||
3.31 | Property | 1 | Elkhart | NAP | NAP | ||||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 0 | No | 0 | Springing | 0 | Springing | 0 | Springing | 80,164 | 0 | Springing |
5 | Loan | 5 | 1 | Grapevine Mills | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 241,846 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 2,361,035 | Yes | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | NAP | NAP | 116,525 | 116,525 | 0 | Springing | 0 | Springing | 0 | 0 | 0 |
8 | Loan | 1 | Germantown Commons | NAP | NAP | 0 | 55,209 | 0 | Springing | 0 | 3,757 | 188,776 | 150,000 | 20,909 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing |
10 | Loan | 5, 15 | 1 | 900 North Michigan | NAP | NAP | 2,586,212 | 1,293,106 | 0 | Springing | 0 | 18,705 | 831,350 | 5,000,000 | 166,667 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | NAP | NAP | 471,205 | 67,315 | 0 | Springing | 0 | 142,701 | 0 | 0 | 0 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 73,222 | 0 | Springing | ||
12.01 | Property | 1 | 30-56 Whitestone Expressway | NAP | NAP | ||||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | NAP | NAP | ||||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing |
14 | Loan | 1 | Briarcliff Commons | 3,083,395 | No | 0 | 75,522 | 0 | Springing | 0 | 2,528 | 0 | 0 | Springing | |
15 | Loan | 1 | Kendall Value Center | NAP | NAP | 395,240 | 43,916 | 0 | Springing | 0 | 2,292 | 0 | 0 | 15,283 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | NAP | 57,391 | 14,348 | 57,118 | 6,346 | 0 | 1,155 | 0 | 0 | 2,558 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 160,424 | 40,106 | 0 | Springing | 0 | 2,026 | 72,935 | 0 | 0 | ||
17.01 | Property | 1 | Compass Self Storage Alachua | NAP | NAP | ||||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | NAP | NAP | ||||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | NAP | NAP | ||||||||||
18 | Loan | 5 | 1 | Newport Centre | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing |
19 | Loan | 1 | East West Commons | NAP | NAP | 313,175 | 28,470 | 9,081 | 4,540 | 0 | 2,165 | 77,940 | 350,000 | 14,443 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | NAP | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 |
21 | Loan | 1 | Brooklyn Renaissance Garage | 684,565 | No | 335,515 | 111,838 | 0 | Springing | 0 | 3,703 | 0 | 0 | 0 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 0 | 39,397 | 9,235 | 4,617 | 0 | 1,179 | 0 | 0 | 0 | ||
22.01 | Property | 1 | Waters Edge | NAP | NAP | ||||||||||
22.02 | Property | 1 | Southwest Estates | NAP | NAP | ||||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | NAP | NAP | 185,602 | 33,787 | 46,561 | 4,103 | 0 | 14,211 | 0 | 0 | 0 | |
24 | Loan | 1 | 115 West 190th Street | NAP | NAP | 6,323 | 2,108 | 5,993 | 2,997 | 0 | 792 | 0 | 0 | 0 | |
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | 13,621 | 13,621 | 17,150 | 17,150 | 0 | 1,688 | 0 | 0 | 0 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | 61,361 | 15,044 | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
27 | Loan | 1 | Hampton Inn Grandville | NAP | NAP | 16,681 | 16,681 | 6,956 | 3,478 | 0 | 9,682 | 0 | 0 | 0 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | NAP | NAP | 93,619 | 10,402 | 0 | 5,617 | 0 | 11,190 | 0 | 0 | 0 | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 21,579 | 1,962 | 6,266 | 3,133 | 0 | 813 | 0 | 0 | 0 | ||
29.01 | Property | 1 | White Oaks MHC | NAP | NAP |
A-1-19 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Annual Ground Lease Payment as of the Cut-off Date ($) | Annual Ground Rent Increases (Y/N) | Upfront RE Tax Reserve ($) | Monthly RE Tax Reserve ($) | Upfront Insurance Reserve ($) | Monthly Insurance Reserve ($) | Upfront Replacement / PIP Reserve ($) | Monthly Replacement / FF&E Reserve ($) | Replacement Reserve Caps ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) |
29.02 | Property | 1 | Magnolia Trace MHC | NAP | NAP | ||||||||||
29.03 | Property | 1 | Herradura Heights | NAP | NAP | ||||||||||
29.04 | Property | 1 | Cypress Trace MHC | NAP | NAP | ||||||||||
29.05 | Property | 1 | Village Trace MHC | NAP | NAP | ||||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | NAP | 10,151 | 10,151 | 0 | Springing | 61,508 | 225 | $2,694, excluding the Initial Cap Ex Escrow Amount ($61,508) | 42,000 | 1,048 |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | 22,207 | 11,104 | 31,703 | 4,734 | 0 | 375 | 0 | 0 | 0 |
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | 335 | 335 | 6,948 | 772 | 0 | 430 | 0 | 0 | 0 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | 18,377 | 18,377 | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | 9,452 | 3,151 | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | 26,108 | 26,108 | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | 41,250 | 13,750 | 0 | Springing | 0 | 0 | 0 | 0 | 0 |
A-1-20 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1.01 | Property | 1 | Soho Grand Hotel | ||||||||
1.02 | Property | 1 | Roxy Hotel | ||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 3,000,000 | 0 | 0 | 0 | 0 | 1,231,234 | 0 |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3.01 | Property | 1 | Ringgold | ||||||||
3.02 | Property | 1 | Laval | ||||||||
3.03 | Property | 1 | Loudon | ||||||||
3.04 | Property | 1 | Salt Lake City | ||||||||
3.05 | Property | 1 | Morgantown | ||||||||
3.06 | Property | 1 | Reading | ||||||||
3.07 | Property | 1 | Orrville | ||||||||
3.08 | Property | 1 | Riverside I | ||||||||
3.09 | Property | 1 | Spring Hill | ||||||||
3.10 | Property | 1 | Janesville | ||||||||
3.11 | Property | 1 | Sturgis II | ||||||||
3.12 | Property | 1 | Denver | ||||||||
3.13 | Property | 1 | Sturgis I | ||||||||
3.14 | Property | 1 | Social Circle | ||||||||
3.15 | Property | 1 | Caldwell | ||||||||
3.16 | Property | 1 | Brenham | ||||||||
3.17 | Property | 1 | Clinton | ||||||||
3.18 | Property | 1 | Ehrenberg | ||||||||
3.19 | Property | 1 | Rydal | ||||||||
3.20 | Property | 1 | Claremore | ||||||||
3.21 | Property | 1 | West Palm Beach | ||||||||
3.22 | Property | 1 | Decatur | ||||||||
3.23 | Property | 1 | North Salt Lake | ||||||||
3.24 | Property | 1 | Ephrata | ||||||||
3.25 | Property | 1 | Nashville | ||||||||
3.26 | Property | 1 | Louisville | ||||||||
3.27 | Property | 1 | Riverside II | ||||||||
3.28 | Property | 1 | Corsicana | ||||||||
3.29 | Property | 1 | Centralia | ||||||||
3.30 | Property | 1 | Indianapolis | ||||||||
3.31 | Property | 1 | Elkhart | ||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | $75.00 per rentable square foot of the applicable Lease Sweep Premises | 0 | 0 | 0 | 0 | 7,240,000 | 0 |
5 | Loan | 5 | 1 | Grapevine Mills | 5,804,300 | 0 | 0 | 0 | 0 | 0 | 0 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 0 | 0 | 0 | 0 | 0 | 0 | Springing |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 0 | 0 | 0 | 0 | 0 | 10,350,954 | Springing |
8 | Loan | 1 | Germantown Commons | 0 | 0 | 0 | 0 | 0 | 943,602 | Springing | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 0 | 0 | 0 | 0 | 0 | 6,716,561 | Springing |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 10,000,000 | 0 | 0 | 0 | 0 | 13,552,345 | Springing |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 0 | 0 | 0 | 0 | 282,257 | 6,093,781 | 275,000 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 585,744 | 0 | 0 | 0 | 0 | 8,000,000 | 0 |
12.01 | Property | 1 | 30-56 Whitestone Expressway | ||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | ||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | 0 | 0 | 0 | 0 | 0 | 2,583,149 | Springing |
14 | Loan | 1 | Briarcliff Commons | 0 | 0 | 0 | 0 | 0 | 952,042 | Springing | |
15 | Loan | 1 | Kendall Value Center | 550,176 | 0 | 0 | 0 | 0 | 35,686 | 0 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | 0 | 0 | 0 | 0 | 7,813 | 873,438 | 0 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
17.01 | Property | 1 | Compass Self Storage Alachua | ||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | ||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | ||||||||
18 | Loan | 5 | 1 | Newport Centre | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
19 | Loan | 1 | East West Commons | 600,000 | 0 | 0 | 0 | 32,500 | 424,450 | Springing | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
21 | Loan | 1 | Brooklyn Renaissance Garage | 0 | 0 | 0 | 0 | 30,000 | 191,801 | 0 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | 0 | 0 | 0 | 0 | 44,850 | 21,000 | 0 |
22.01 | Property | 1 | Waters Edge | ||||||||
22.02 | Property | 1 | Southwest Estates | ||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 0 | 0 | 0 | 0 | 33,000 | 38,000 | Springing | |
24 | Loan | 1 | 115 West 190th Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
25 | Loan | 1 | 345 Tenth Street | 0 | 0 | 0 | 0 | 69,925 | 0 | 0 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 2,300,000 | 0 |
27 | Loan | 1 | Hampton Inn Grandville | 0 | 0 | 0 | 0 | 0 | 0 | 16,011 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 0 | 0 | 0 | 0 | 0 | 0 | Springing | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 |
29.01 | Property | 1 | White Oaks MHC |
A-1-21 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | TI/LC Caps ($) | Upfront Debt Service Reserve ($) | Monthly Debt Service Reserve ($) | Debt Service Reserve Cap ($) | Upfront Deferred Maintenance Reserve ($) | Upfront Other Reserve ($) | Monthly Other Reserve ($) |
29.02 | Property | 1 | Magnolia Trace MHC | ||||||||
29.03 | Property | 1 | Herradura Heights | ||||||||
29.04 | Property | 1 | Cypress Trace MHC | ||||||||
29.05 | Property | 1 | Village Trace MHC | ||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 200,000 | 0 |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 0 | 0 | 0 | 0 | 0 | 26,250 | 0 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | 42,000 | 0 | 0 | 0 | 13,535 | 0 | 0 |
33 | Loan | 21 | 1 | 169 East Broadway | 0 | 135,000 | 0 | 135,000 | 24,438 | 0 | 0 |
34 | Loan | 1 | Riverwinds MHC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 0 | 0 | 0 | 0 | 0 | $200,000, $5,000 | 0 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-22 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | NAP | 0 | 0 |
1.01 | Property | 1 | Soho Grand Hotel | ||||
1.02 | Property | 1 | Roxy Hotel | ||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | Unfunded Obligations Reserve ($825,240); Posana Rent Reserve ($208,672); TD Bank Rent Reserve ($197,322) | 0 | 0 |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | NAP | 0 | 0 |
3.01 | Property | 1 | Ringgold | ||||
3.02 | Property | 1 | Laval | ||||
3.03 | Property | 1 | Loudon | ||||
3.04 | Property | 1 | Salt Lake City | ||||
3.05 | Property | 1 | Morgantown | ||||
3.06 | Property | 1 | Reading | ||||
3.07 | Property | 1 | Orrville | ||||
3.08 | Property | 1 | Riverside I | ||||
3.09 | Property | 1 | Spring Hill | ||||
3.10 | Property | 1 | Janesville | ||||
3.11 | Property | 1 | Sturgis II | ||||
3.12 | Property | 1 | Denver | ||||
3.13 | Property | 1 | Sturgis I | ||||
3.14 | Property | 1 | Social Circle | ||||
3.15 | Property | 1 | Caldwell | ||||
3.16 | Property | 1 | Brenham | ||||
3.17 | Property | 1 | Clinton | ||||
3.18 | Property | 1 | Ehrenberg | ||||
3.19 | Property | 1 | Rydal | ||||
3.20 | Property | 1 | Claremore | ||||
3.21 | Property | 1 | West Palm Beach | ||||
3.22 | Property | 1 | Decatur | ||||
3.23 | Property | 1 | North Salt Lake | ||||
3.24 | Property | 1 | Ephrata | ||||
3.25 | Property | 1 | Nashville | ||||
3.26 | Property | 1 | Louisville | ||||
3.27 | Property | 1 | Riverside II | ||||
3.28 | Property | 1 | Corsicana | ||||
3.29 | Property | 1 | Centralia | ||||
3.30 | Property | 1 | Indianapolis | ||||
3.31 | Property | 1 | Elkhart | ||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | Landlord Obligation Reserve | 0 | 0 |
5 | Loan | 5 | 1 | Grapevine Mills | NAP | 0 | 0 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | Ground Rent Funds | 0 | 0 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | PIP Reserve | 0 | 0 |
8 | Loan | 1 | Germantown Commons | Existing TI/LC Obligations Reserve Funds ($943,602); Giant Tenant Reserve Funds (Springing) | 0 | 0 | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | Outstanding TI/LC Reserve (Upfront: $6,384,831), Rent Concession Reserve (Upfront: $331,730), Leasing Event Period Springing Reserve (Monthly: Springing) | 0 | 0 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | Unfunded Obligations Reserve ($13,552,345.23); Critical Tenant Reserve (Monthly: Springing) | 0 | 0 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | Seasonality Reserve Funds (Upfront: $825,000; Monthly: $275,000); Replacement Comfort Letter Reserve Funds ($2,500); PIP Reserve (Upfront: $5,266,281; Monthly: Springing) | 1,650,000 | 0 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | Unfunded Obligations | 0 | 0 |
12.01 | Property | 1 | 30-56 Whitestone Expressway | ||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | ||||
13 | Loan | 5, D | 1 | 610 Newport Center | Rent Concession Reserve ($1,046,249); Existing TI/LC Reserve ($1,536,900); Leasing Event Period Springing Reserve (Springing) | 0 | 0 |
14 | Loan | 1 | Briarcliff Commons | Outstanding TILC ($802,041.64); Environmental Reserve ($150,000); Kohl's Tenant Reserve (Springing) | 0 | 0 | |
15 | Loan | 1 | Kendall Value Center | Outstanding Rent/CAM Reserve ($13,625.70); BJ Tenant Reserve ($22,059.87) | 0 | 0 | |
16 | Loan | 18 | 1 | Hamden Life Storage II | Nest Rent Reserve ($548,437.50); Economic Holdback Reserve ($325,000) | 0 | 0 |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | NAP | 0 | 0 |
17.01 | Property | 1 | Compass Self Storage Alachua | ||||
17.02 | Property | 1 | Metro Self Storage – Limerick | ||||
17.03 | Property | 1 | Compass Self Storage Cleveland | ||||
18 | Loan | 5 | 1 | Newport Centre | NAP | 0 | 0 |
19 | Loan | 1 | East West Commons | Preventive Roof Reserve (Upfront: $400,000); Unfunded Obligations Reserve (Upfront: $24,450); Specified Tenant Renewal Reserve (Monthly: Springing) | 0 | 0 | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | 0 | 0 |
21 | Loan | 1 | Brooklyn Renaissance Garage | Ground Lease Rent Reserve ($111,478.42), Ground Lease Catch-Up Reserve ($80,322.30) | 0 | 0 | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | Environmental Reserve | 0 | 0 |
22.01 | Property | 1 | Waters Edge | ||||
22.02 | Property | 1 | Southwest Estates | ||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | Seasonality (Upfront: $38,000, Monthly: Springing); PIP (Monthly: Springing) | Seasonality Reserve: $114,000 | 0 | |
24 | Loan | 1 | 115 West 190th Street | NAP | 0 | 633,450 | |
25 | Loan | 1 | 345 Tenth Street | NAP | 0 | 0 | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | Collateral Security Agreement For Capital Improvements | 0 | 0 |
27 | Loan | 1 | Hampton Inn Grandville | Seasonality Reserve (Monthly: $16,010.82); PIP Reserve (Monthly: Springing) | Seasonality Reserve ($112,075.74) | 0 | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | PIP Reserve | 0 | 0 | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | Inspection Deficiencies Reserve | 0 | 0 |
29.01 | Property | 1 | White Oaks MHC |
A-1-23 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Other Reserve Description | Other Reserve Cap ($) | Holdback/ Earnout Amount ($) |
29.02 | Property | 1 | Magnolia Trace MHC | ||||
29.03 | Property | 1 | Herradura Heights | ||||
29.04 | Property | 1 | Cypress Trace MHC | ||||
29.05 | Property | 1 | Village Trace MHC | ||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | Collateral Security Agreement For Capital Improvements | 0 | 0 |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | Collateral Security Agreement For Capital Improvements | 0 | 0 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | 0 | 0 |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | 0 | 0 |
34 | Loan | 1 | Riverwinds MHC | NAP | 0 | 0 | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | 0 | 0 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | Collateral Security Agreement For Capital Improvements, Collateral Security Agreement For Capital Improvements (Violations) | 0 | 0 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | 0 | 0 |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | 0 | 0 |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | 0 | 0 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | 0 | 0 |
A-1-24 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | NAP | Hard | Springing | Yes | No | Yes | Yes | 100,000,000 |
1.01 | Property | 1 | Soho Grand Hotel | |||||||||
1.02 | Property | 1 | Roxy Hotel | |||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 85,000,000 |
3.01 | Property | 1 | Ringgold | |||||||||
3.02 | Property | 1 | Laval | |||||||||
3.03 | Property | 1 | Loudon | |||||||||
3.04 | Property | 1 | Salt Lake City | |||||||||
3.05 | Property | 1 | Morgantown | |||||||||
3.06 | Property | 1 | Reading | |||||||||
3.07 | Property | 1 | Orrville | |||||||||
3.08 | Property | 1 | Riverside I | |||||||||
3.09 | Property | 1 | Spring Hill | |||||||||
3.10 | Property | 1 | Janesville | |||||||||
3.11 | Property | 1 | Sturgis II | |||||||||
3.12 | Property | 1 | Denver | |||||||||
3.13 | Property | 1 | Sturgis I | |||||||||
3.14 | Property | 1 | Social Circle | |||||||||
3.15 | Property | 1 | Caldwell | |||||||||
3.16 | Property | 1 | Brenham | |||||||||
3.17 | Property | 1 | Clinton | |||||||||
3.18 | Property | 1 | Ehrenberg | |||||||||
3.19 | Property | 1 | Rydal | |||||||||
3.20 | Property | 1 | Claremore | |||||||||
3.21 | Property | 1 | West Palm Beach | |||||||||
3.22 | Property | 1 | Decatur | |||||||||
3.23 | Property | 1 | North Salt Lake | |||||||||
3.24 | Property | 1 | Ephrata | |||||||||
3.25 | Property | 1 | Nashville | |||||||||
3.26 | Property | 1 | Louisville | |||||||||
3.27 | Property | 1 | Riverside II | |||||||||
3.28 | Property | 1 | Corsicana | |||||||||
3.29 | Property | 1 | Centralia | |||||||||
3.30 | Property | 1 | Indianapolis | |||||||||
3.31 | Property | 1 | Elkhart | |||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | NAP | Hard | Springing | Yes | Yes | Yes | Yes | 85,000,000 |
5 | Loan | 5 | 1 | Grapevine Mills | NAP | Hard | Springing | Yes | No | Yes | No | 80,500,000 |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | NAP | Soft | Springing | Yes | No | Yes | Yes | 65,000,000 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | NAP | Hard | Springing | Yes | No | No | NAP | NAP |
8 | Loan | 1 | Germantown Commons | NAP | Soft | Springing | Yes | Yes | No | No | NAP | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | NAP | Hard | Springing | Yes | No | Yes | No | 46,000,000 |
10 | Loan | 5, 15 | 1 | 900 North Michigan | NAP | Hard | Springing | Yes | Yes | Yes | No | 45,000,000 |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | NAP | Hard | Springing | Yes | No | Yes | No | 39,896,974 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP |
12.01 | Property | 1 | 30-56 Whitestone Expressway | |||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | |||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | NAP | Hard | Springing | Yes | No | Yes | No | 30,000,000 |
14 | Loan | 1 | Briarcliff Commons | NAP | Springing | Springing | No | No | No | NAP | NAP | |
15 | Loan | 1 | Kendall Value Center | NAP | Hard | Springing | Yes | Yes | No | NAP | NAP | |
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
17.01 | Property | 1 | Compass Self Storage Alachua | |||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | |||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | |||||||||
18 | Loan | 5 | 1 | Newport Centre | NAP | Hard | Springing | Yes | Yes | Yes | No | 20,000,000 |
19 | Loan | 1 | East West Commons | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | Springing | Springing | Yes | No | No | No | NAP |
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | Hard | Springing | Yes | No | No | NAP | NAP | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
22.01 | Property | 1 | Waters Edge | |||||||||
22.02 | Property | 1 | Southwest Estates | |||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
24 | Loan | 1 | 115 West 190th Street | $633,450 deposited into the Earnout Reserve to be distributed to the borrower upon certain conditions in the loan agreement. | Springing | Springing | Yes | No | No | NAP | NAP | |
25 | Loan | 1 | 345 Tenth Street | NAP | Springing | Springing | Yes | No | No | No | NAP | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | None | None | No | No | No | 0 | NAP |
27 | Loan | 1 | Hampton Inn Grandville | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
29.01 | Property | 1 | White Oaks MHC |
A-1-25 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Holdback/ Earnout Description | Lockbox Type | Cash Management | Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N) | Tenant Specific Excess Cash Trap Trigger (Y/N) | Pari Passu (Y/N) | Pari Passu in Trust Controlling (Y/N) | Trust Pari Passu Cut-off Date Balance ($) |
29.02 | Property | 1 | Magnolia Trace MHC | |||||||||
29.03 | Property | 1 | Herradura Heights | |||||||||
29.04 | Property | 1 | Cypress Trace MHC | |||||||||
29.05 | Property | 1 | Village Trace MHC | |||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | None | None | No | No | No | 0 | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | None | None | No | No | No | 0 | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | Springing | Springing | Yes | No | No | NAP | NAP |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | Springing | Springing | Yes | Yes | No | NAP | NAP |
34 | Loan | 1 | Riverwinds MHC | NAP | Springing | Springing | Yes | No | No | NAP | NAP | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | None | None | No | No | No | 0 | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | None | None | No | No | No | 0 | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | None | None | No | No | No | 0 | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | None | None | No | No | No | 0 | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | None | None | No | No | No | 0 | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | None | None | No | No | No | 0 | NAP |
A-1-26 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 103,500,000 | 484,461.46 | 952,540.16 | 26,500,000 | 5.54000% | 230,000,000 | 1,076,581.02 | 45.3% | 2.94 | 18.5% |
1.01 | Property | 1 | Soho Grand Hotel | |||||||||||
1.02 | Property | 1 | Roxy Hotel | |||||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 54,070,000 | 258,115.41 | 663,882.19 | NAP | NAP | 139,070,000 | 663,882.19 | 39.9% | 2.62 | 15.0% |
3.01 | Property | 1 | Ringgold | |||||||||||
3.02 | Property | 1 | Laval | |||||||||||
3.03 | Property | 1 | Loudon | |||||||||||
3.04 | Property | 1 | Salt Lake City | |||||||||||
3.05 | Property | 1 | Morgantown | |||||||||||
3.06 | Property | 1 | Reading | |||||||||||
3.07 | Property | 1 | Orrville | |||||||||||
3.08 | Property | 1 | Riverside I | |||||||||||
3.09 | Property | 1 | Spring Hill | |||||||||||
3.10 | Property | 1 | Janesville | |||||||||||
3.11 | Property | 1 | Sturgis II | |||||||||||
3.12 | Property | 1 | Denver | |||||||||||
3.13 | Property | 1 | Sturgis I | |||||||||||
3.14 | Property | 1 | Social Circle | |||||||||||
3.15 | Property | 1 | Caldwell | |||||||||||
3.16 | Property | 1 | Brenham | |||||||||||
3.17 | Property | 1 | Clinton | |||||||||||
3.18 | Property | 1 | Ehrenberg | |||||||||||
3.19 | Property | 1 | Rydal | |||||||||||
3.20 | Property | 1 | Claremore | |||||||||||
3.21 | Property | 1 | West Palm Beach | |||||||||||
3.22 | Property | 1 | Decatur | |||||||||||
3.23 | Property | 1 | North Salt Lake | |||||||||||
3.24 | Property | 1 | Ephrata | |||||||||||
3.25 | Property | 1 | Nashville | |||||||||||
3.26 | Property | 1 | Louisville | |||||||||||
3.27 | Property | 1 | Riverside II | |||||||||||
3.28 | Property | 1 | Corsicana | |||||||||||
3.29 | Property | 1 | Centralia | |||||||||||
3.30 | Property | 1 | Indianapolis | |||||||||||
3.31 | Property | 1 | Elkhart | |||||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 138,000,000 | 641,984.31 | 1,037,409.42 | NAP | NAP | 223,000,000 | 1,037,409.42 | 50.0% | 2.19 | 12.2% |
5 | Loan | 5 | 1 | Grapevine Mills | 169,500,000 | 897,078.75 | 1,323,125.00 | NAP | NAP | 250,000,000 | 1,323,125.00 | 45.6% | 2.68 | 18.0% |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 45,000,000 | 254,245.31 | 621,488.54 | NAP | NAP | 110,000,000 | 621,488.54 | 66.5% | 2.16 | 17.0% |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
8 | Loan | 1 | Germantown Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 69,000,000 | 327,987.98 | 546,646.64 | NAP | NAP | 115,000,000 | 546,646.64 | 43.1% | 2.83 | 16.8% |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 135,000,000 | 781,670.31 | 1,042,227.08 | NAP | NAP | 180,000,000 | 1,042,227.08 | 57.1% | 1.77 | 12.6% |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 59,845,461 | 365,342.69 | 608,904.49 | NAP | NAP | 99,742,434 | 608,904.49 | 44.7% | 2.69 | 21.4% |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
12.01 | Property | 1 | 30-56 Whitestone Expressway | |||||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | |||||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | 55,000,000 | 263,298.50 | 406,915.86 | NAP | NAP | 85,000,000 | 406,915.86 | 44.5% | 2.92 | 17.2% |
14 | Loan | 1 | Briarcliff Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
15 | Loan | 1 | Kendall Value Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
17.01 | Property | 1 | Compass Self Storage Alachua | |||||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | |||||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | |||||||||||
18 | Loan | 5 | 1 | Newport Centre | 168,000,000 | 771,751.94 | 863,627.18 | NAP | NAP | 188,000,000 | 863,627.18 | 43.0% | 2.66 | 15.3% |
19 | Loan | 1 | East West Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
22.01 | Property | 1 | Waters Edge | |||||||||||
22.02 | Property | 1 | Southwest Estates | |||||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
24 | Loan | 1 | 115 West 190th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 9,250,000 | 50,626.28 | 32.0% | 3.48 | 23.1% |
27 | Loan | 1 | Hampton Inn Grandville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
29.01 | Property | 1 | White Oaks MHC |
A-1-27 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) | Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) | Subordinate Companion Loan Cut-off Date Balance ($) | Subordinate Companion Loan Interest Rate | Whole Loan Cut-off Date Balance ($) | Whole Loan Monthly Debt Service ($) | Whole Loan Cut-off Date LTV Ratio (%) | Whole Loan Underwritten NCF DSCR (x) | Whole Loan Underwritten NOI Debt Yield (%) |
29.02 | Property | 1 | Magnolia Trace MHC | |||||||||||
29.03 | Property | 1 | Herradura Heights | |||||||||||
29.04 | Property | 1 | Cypress Trace MHC | |||||||||||
29.05 | Property | 1 | Village Trace MHC | |||||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 7,500,000 | 46,739.47 | 10.9% | 6.36 | 48.8% |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 6,094,142 | 36,235.37 | 3.6% | 14.43 | 103.5% |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | NAP | 0 | Greater of (A) 5.85% or (B) Prime Rate+0.25% | 2,898,691 | 16,579.76 | 20.1% | 3.4 | 23.9% |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | NAP | 0 | Greater of (A) 5.00% or (B) Prime Rate | 2,048,799 | 12,475.02 | 26.3% | 3.92 | 29.1% |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,999,206 | 11,879.29 | 3.4% | 10.51 | 75.3% |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,900,000 | 11,135.88 | 4.2% | 15.98 | 114.1% |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,547,932 | 10,006.10 | 24.6% | 3.57 | 28.2% |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | NAP | 0 | Greater of (A) 5.50% or (B) Prime Rate | 1,348,151 | 8,654.40 | 5.5% | 6.37 | 49.9% |
A-1-28 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
1.01 | Property | 1 | Soho Grand Hotel | ||||||||||
1.02 | Property | 1 | Roxy Hotel | ||||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
3.01 | Property | 1 | Ringgold | ||||||||||
3.02 | Property | 1 | Laval | ||||||||||
3.03 | Property | 1 | Loudon | ||||||||||
3.04 | Property | 1 | Salt Lake City | ||||||||||
3.05 | Property | 1 | Morgantown | ||||||||||
3.06 | Property | 1 | Reading | ||||||||||
3.07 | Property | 1 | Orrville | ||||||||||
3.08 | Property | 1 | Riverside I | ||||||||||
3.09 | Property | 1 | Spring Hill | ||||||||||
3.10 | Property | 1 | Janesville | ||||||||||
3.11 | Property | 1 | Sturgis II | ||||||||||
3.12 | Property | 1 | Denver | ||||||||||
3.13 | Property | 1 | Sturgis I | ||||||||||
3.14 | Property | 1 | Social Circle | ||||||||||
3.15 | Property | 1 | Caldwell | ||||||||||
3.16 | Property | 1 | Brenham | ||||||||||
3.17 | Property | 1 | Clinton | ||||||||||
3.18 | Property | 1 | Ehrenberg | ||||||||||
3.19 | Property | 1 | Rydal | ||||||||||
3.20 | Property | 1 | Claremore | ||||||||||
3.21 | Property | 1 | West Palm Beach | ||||||||||
3.22 | Property | 1 | Decatur | ||||||||||
3.23 | Property | 1 | North Salt Lake | ||||||||||
3.24 | Property | 1 | Ephrata | ||||||||||
3.25 | Property | 1 | Nashville | ||||||||||
3.26 | Property | 1 | Louisville | ||||||||||
3.27 | Property | 1 | Riverside II | ||||||||||
3.28 | Property | 1 | Corsicana | ||||||||||
3.29 | Property | 1 | Centralia | ||||||||||
3.30 | Property | 1 | Indianapolis | ||||||||||
3.31 | Property | 1 | Elkhart | ||||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 72,000,000 | 8.25000% | 295,000,000 | 1,539,284.42 | 66.1% | 1.48 | 9.3% | No | NAP |
5 | Loan | 5 | 1 | Grapevine Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Mezzanine/Preferred Equity |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
8 | Loan | 1 | Germantown Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
10 | Loan | 5, 15 | 1 | 900 North Michigan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
12.01 | Property | 1 | 30-56 Whitestone Expressway | ||||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | ||||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
14 | Loan | 1 | Briarcliff Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
15 | Loan | 1 | Kendall Value Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
17.01 | Property | 1 | Compass Self Storage Alachua | ||||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | ||||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | ||||||||||
18 | Loan | 5 | 1 | Newport Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
19 | Loan | 1 | East West Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
22.01 | Property | 1 | Waters Edge | ||||||||||
22.02 | Property | 1 | Southwest Estates | ||||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
24 | Loan | 1 | 115 West 190th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
27 | Loan | 1 | Hampton Inn Grandville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
29.01 | Property | 1 | White Oaks MHC |
A-1-29 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Mezzanine Debt Cut-off Date Balance($) | Mezzanine Debt Interest Rate (%) | Total Debt Cut-off Date Balance ($) | Total Debt Monthly Debt Service ($) | Total Debt Cut-off Date LTV Ratio (%) | Total Debt Underwritten NCF DSCR (x) | Total Debt Underwritten NOI Debt Yield (%) | Future Additional Debt Permitted (Y/N) | Future Debt Permitted Type |
29.02 | Property | 1 | Magnolia Trace MHC | ||||||||||
29.03 | Property | 1 | Herradura Heights | ||||||||||
29.04 | Property | 1 | Cypress Trace MHC | ||||||||||
29.05 | Property | 1 | Village Trace MHC | ||||||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP |
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | No | NAP | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | Yes | Unsecured |
A-1-30 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | Hartz Mountain Industries |
1.01 | Property | 1 | Soho Grand Hotel | ||
1.02 | Property | 1 | Roxy Hotel | ||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | Biltmore Farms, LLC and Crosland, LLC |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | J.B. Poindexter & Co., Inc. |
3.01 | Property | 1 | Ringgold | ||
3.02 | Property | 1 | Laval | ||
3.03 | Property | 1 | Loudon | ||
3.04 | Property | 1 | Salt Lake City | ||
3.05 | Property | 1 | Morgantown | ||
3.06 | Property | 1 | Reading | ||
3.07 | Property | 1 | Orrville | ||
3.08 | Property | 1 | Riverside I | ||
3.09 | Property | 1 | Spring Hill | ||
3.10 | Property | 1 | Janesville | ||
3.11 | Property | 1 | Sturgis II | ||
3.12 | Property | 1 | Denver | ||
3.13 | Property | 1 | Sturgis I | ||
3.14 | Property | 1 | Social Circle | ||
3.15 | Property | 1 | Caldwell | ||
3.16 | Property | 1 | Brenham | ||
3.17 | Property | 1 | Clinton | ||
3.18 | Property | 1 | Ehrenberg | ||
3.19 | Property | 1 | Rydal | ||
3.20 | Property | 1 | Claremore | ||
3.21 | Property | 1 | West Palm Beach | ||
3.22 | Property | 1 | Decatur | ||
3.23 | Property | 1 | North Salt Lake | ||
3.24 | Property | 1 | Ephrata | ||
3.25 | Property | 1 | Nashville | ||
3.26 | Property | 1 | Louisville | ||
3.27 | Property | 1 | Riverside II | ||
3.28 | Property | 1 | Corsicana | ||
3.29 | Property | 1 | Centralia | ||
3.30 | Property | 1 | Indianapolis | ||
3.31 | Property | 1 | Elkhart | ||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | TSCE 2007 Holdings, L.L.C. and Giants Development Services |
5 | Loan | 5 | 1 | Grapevine Mills | Simon Property Group, L.P. |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | JRK Property Holdings, Inc. |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | TDC Real Estate Corp. |
8 | Loan | 1 | Germantown Commons | Gary D. Rappaport | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | The Irvine Company LLC |
10 | Loan | 5, 15 | 1 | 900 North Michigan | JMB Realty Corporation |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | William J. Yung III, Martha Yung, William J. Yung IV, Joseph A. Yung, Julie A. Haught, Judith A. Yung, Jennifer A. Yung, Michelle M. Christensen and Scott A. Yung |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | Lester P. Petracca and Edward J. Henderson or George Bradt, as Trustee of The Petracca Family 2008 Descendants Trust |
12.01 | Property | 1 | 30-56 Whitestone Expressway | ||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | ||
13 | Loan | 5, D | 1 | 610 Newport Center | The Irvine Company LLC |
14 | Loan | 1 | Briarcliff Commons | Urban Edge Properties LP | |
15 | Loan | 1 | Kendall Value Center | Loeb Partners Realty LLC | |
16 | Loan | 18 | 1 | Hamden Life Storage II | Ira Schwartz |
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | Amsdell Group, LLC |
17.01 | Property | 1 | Compass Self Storage Alachua | ||
17.02 | Property | 1 | Metro Self Storage – Limerick | ||
17.03 | Property | 1 | Compass Self Storage Cleveland | ||
18 | Loan | 5 | 1 | Newport Centre | Simon Newport Limited Partnership and LF Newport Jersey Limited Partnership |
19 | Loan | 1 | East West Commons | Jeffrey B. Kerker and Jan R. Saperstein | |
20 | Loan | 19 | 1 | AC Charlotte Southpark | JWM Family Enterprises, L.P. |
21 | Loan | 1 | Brooklyn Renaissance Garage | Joshua L. Muss | |
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | Jennifer L. Anderson |
22.01 | Property | 1 | Waters Edge | ||
22.02 | Property | 1 | Southwest Estates | ||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | Jimmy R. Asmar | |
24 | Loan | 1 | 115 West 190th Street | Israel Frankel | |
25 | Loan | 1 | 345 Tenth Street | Lorraine Mocco | |
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP |
27 | Loan | 1 | Hampton Inn Grandville | Akram Namou and Hikmat Piromari | |
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | Absolute Hospitality Group | |
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | Daniel Simmons, Matthew Galofaro and Jonathan Booth |
29.01 | Property | 1 | White Oaks MHC |
A-1-31 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Sponsor |
29.02 | Property | 1 | Magnolia Trace MHC | ||
29.03 | Property | 1 | Herradura Heights | ||
29.04 | Property | 1 | Cypress Trace MHC | ||
29.05 | Property | 1 | Village Trace MHC | ||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | Kevin E Glazer |
33 | Loan | 21 | 1 | 169 East Broadway | Jolanta Podbielska and Maria H. Kolon |
34 | Loan | 1 | Riverwinds MHC | David Cutler | |
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP |
A-1-32 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | NAP | No | No | Refinance | 203,500,000 | |
1.01 | Property | 1 | Soho Grand Hotel | |||||||
1.02 | Property | 1 | Roxy Hotel | |||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | Biltmore Farms, LLC and Crosland, LLC | No | No | Refinance | 90,000,000 | |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | John B. Poindexter | No | No | Refinance/Acquisition | 139,070,000 | |
3.01 | Property | 1 | Ringgold | |||||||
3.02 | Property | 1 | Laval | |||||||
3.03 | Property | 1 | Loudon | |||||||
3.04 | Property | 1 | Salt Lake City | |||||||
3.05 | Property | 1 | Morgantown | |||||||
3.06 | Property | 1 | Reading | |||||||
3.07 | Property | 1 | Orrville | |||||||
3.08 | Property | 1 | Riverside I | |||||||
3.09 | Property | 1 | Spring Hill | |||||||
3.10 | Property | 1 | Janesville | |||||||
3.11 | Property | 1 | Sturgis II | |||||||
3.12 | Property | 1 | Denver | |||||||
3.13 | Property | 1 | Sturgis I | |||||||
3.14 | Property | 1 | Social Circle | |||||||
3.15 | Property | 1 | Caldwell | |||||||
3.16 | Property | 1 | Brenham | |||||||
3.17 | Property | 1 | Clinton | |||||||
3.18 | Property | 1 | Ehrenberg | |||||||
3.19 | Property | 1 | Rydal | |||||||
3.20 | Property | 1 | Claremore | |||||||
3.21 | Property | 1 | West Palm Beach | |||||||
3.22 | Property | 1 | Decatur | |||||||
3.23 | Property | 1 | North Salt Lake | |||||||
3.24 | Property | 1 | Ephrata | |||||||
3.25 | Property | 1 | Nashville | |||||||
3.26 | Property | 1 | Louisville | |||||||
3.27 | Property | 1 | Riverside II | |||||||
3.28 | Property | 1 | Corsicana | |||||||
3.29 | Property | 1 | Centralia | |||||||
3.30 | Property | 1 | Indianapolis | |||||||
3.31 | Property | 1 | Elkhart | |||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | TSCE 2007 Holdings, L.L.C., Giants Double Play, LLC, Mitsui Fudosan America, Inc., Tishman Speyer Red Pine Partners, L.P. and U.S. Office APTWO JV II, L.P. | No | No | Refinance | 223,000,000 | |
5 | Loan | 5 | 1 | Grapevine Mills | Simon Property Group, L.P. | No | No | Refinance | 250,000,000 | |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | JRK Hospitality Fund 1, L.P. | No | No | Acquisition | 110,000,000 | |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | The Donohoe Companies, Inc. | No | No | Refinance | 53,000,000 | |
8 | Loan | 1 | Germantown Commons | The Gary D. Rappaport Revocable Trust and Gary D. Rappaport | No | No | Acquisition | 49,000,000 | ||
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | Irvine Core Office LLC | No | No | Recapitalization | 115,000,000 | |
10 | Loan | 5, 15 | 1 | 900 North Michigan | JMB Realty Corporation | No | No | Refinance | 180,000,000 | |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | CSC Holdings, LLC | No | No | Refinance | 100,000,000 | |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | Lester P. Petracca | No | No | Refinance | 31,500,000 | |
12.01 | Property | 1 | 30-56 Whitestone Expressway | |||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | |||||||
13 | Loan | 5, D | 1 | 610 Newport Center | Irvine Core Office LLC | No | No | Recapitalization | 85,000,000 | |
14 | Loan | 1 | Briarcliff Commons | Urban Edge Properties LP | No | No | Recapitalization | 30,000,000 | ||
15 | Loan | 1 | Kendall Value Center | Loeb Partners Realty LLC and Kendall/Sunset GP., Inc. | No | No | Refinance | 25,000,000 | ||
16 | Loan | 18 | 1 | Hamden Life Storage II | Ira Schwartz | No | No | Refinance | ||
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | Todd C. Amsdell | No | No | Refinance | ||
17.01 | Property | 1 | Compass Self Storage Alachua | |||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | |||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | |||||||
18 | Loan | 5 | 1 | Newport Centre | Newport Associates Phase I Developers Limited Partnership | No | No | Refinance | ||
19 | Loan | 1 | East West Commons | Jeffrey B. Kerker and Jan R. Saperstein | No | Yes | Acquisition | |||
20 | Loan | 19 | 1 | AC Charlotte Southpark | Bay Harbor Limited Holdings, LLC | No | No | Recapitalization | ||
21 | Loan | 1 | Brooklyn Renaissance Garage | Joshua L. Muss | No | No | Refinance | |||
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | Jennifer L. Anderson | No | No | Refinance | ||
22.01 | Property | 1 | Waters Edge | |||||||
22.02 | Property | 1 | Southwest Estates | |||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | Jimmy R. Asmar | No | No | Refinance | |||
24 | Loan | 1 | 115 West 190th Street | Israel Frankel | No | No | Refinance | |||
25 | Loan | 1 | 345 Tenth Street | Lorraine Mocco | No | No | Refinance | |||
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | No | No | Refinance | ||
27 | Loan | 1 | Hampton Inn Grandville | Akram Namou and Hikmat Piromari | No | No | Refinance | |||
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | Ram Khatter and Neeta Khatter | No | No | Refinance | |||
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | Daniel Simmons, Matthew Galofaro and Jonathan Booth | No | No | Refinance | ||
29.01 | Property | 1 | White Oaks MHC |
A-1-33 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 ($) |
29.02 | Property | 1 | Magnolia Trace MHC | |||||||
29.03 | Property | 1 | Herradura Heights | |||||||
29.04 | Property | 1 | Cypress Trace MHC | |||||||
29.05 | Property | 1 | Village Trace MHC | |||||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | No | No | Refinance | ||
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | No | No | Refinance | ||
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | Lakeview Crossing Shopping Center Dallas, TX. Limited Partnership | No | No | Refinance | ||
33 | Loan | 21 | 1 | 169 East Broadway | Jolanta Podbielska and Maria H. Kolon | No | No | Refinance | ||
34 | Loan | 1 | Riverwinds MHC | David Cutler | No | No | Refinance | |||
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | No | No | Refinance | ||
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | No | No | Refinance | ||
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | No | No | Refinance | ||
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | No | No | Refinance | ||
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | No | No | Refinance | ||
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | No | No | Refinance |
A-1-34 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 24,286,447 | 26,500,000 | 0 | 254,286,447 | 250,909,055 | 0 | 1,082,289 | 2,295,103 | 0 | 0 | 254,286,447 | NAP | 426.33 | 382.91 |
1.01 | Property | 1 | Soho Grand Hotel | NAP | 442.22 | 399.78 | ||||||||||||
1.02 | Property | 1 | Roxy Hotel | NAP | 398.42 | 353.80 | ||||||||||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | 0 | 0 | 0 | 90,000,000 | 65,298,101 | 0 | 1,922,843 | 6,326,231 | 180,000 | 16,272,826 | 90,000,000 | NAP | NAP | NAP |
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | 0 | 0 | 0 | 139,070,000 | 108,033,051 | 20,523,309 | 3,048,405 | 0 | 7,465,235 | 0 | 139,070,000 | NAP | NAP | NAP |
3.01 | Property | 1 | Ringgold | NAP | NAP | NAP | ||||||||||||
3.02 | Property | 1 | Laval | NAP | NAP | NAP | ||||||||||||
3.03 | Property | 1 | Loudon | NAP | NAP | NAP | ||||||||||||
3.04 | Property | 1 | Salt Lake City | NAP | NAP | NAP | ||||||||||||
3.05 | Property | 1 | Morgantown | NAP | NAP | NAP | ||||||||||||
3.06 | Property | 1 | Reading | NAP | NAP | NAP | ||||||||||||
3.07 | Property | 1 | Orrville | NAP | NAP | NAP | ||||||||||||
3.08 | Property | 1 | Riverside I | NAP | NAP | NAP | ||||||||||||
3.09 | Property | 1 | Spring Hill | NAP | NAP | NAP | ||||||||||||
3.10 | Property | 1 | Janesville | NAP | NAP | NAP | ||||||||||||
3.11 | Property | 1 | Sturgis II | NAP | NAP | NAP | ||||||||||||
3.12 | Property | 1 | Denver | NAP | NAP | NAP | ||||||||||||
3.13 | Property | 1 | Sturgis I | NAP | NAP | NAP | ||||||||||||
3.14 | Property | 1 | Social Circle | NAP | NAP | NAP | ||||||||||||
3.15 | Property | 1 | Caldwell | NAP | NAP | NAP | ||||||||||||
3.16 | Property | 1 | Brenham | NAP | NAP | NAP | ||||||||||||
3.17 | Property | 1 | Clinton | NAP | NAP | NAP | ||||||||||||
3.18 | Property | 1 | Ehrenberg | NAP | NAP | NAP | ||||||||||||
3.19 | Property | 1 | Rydal | NAP | NAP | NAP | ||||||||||||
3.20 | Property | 1 | Claremore | NAP | NAP | NAP | ||||||||||||
3.21 | Property | 1 | West Palm Beach | NAP | NAP | NAP | ||||||||||||
3.22 | Property | 1 | Decatur | NAP | NAP | NAP | ||||||||||||
3.23 | Property | 1 | North Salt Lake | NAP | NAP | NAP | ||||||||||||
3.24 | Property | 1 | Ephrata | NAP | NAP | NAP | ||||||||||||
3.25 | Property | 1 | Nashville | NAP | NAP | NAP | ||||||||||||
3.26 | Property | 1 | Louisville | NAP | NAP | NAP | ||||||||||||
3.27 | Property | 1 | Riverside II | NAP | NAP | NAP | ||||||||||||
3.28 | Property | 1 | Corsicana | NAP | NAP | NAP | ||||||||||||
3.29 | Property | 1 | Centralia | NAP | NAP | NAP | ||||||||||||
3.30 | Property | 1 | Indianapolis | NAP | NAP | NAP | ||||||||||||
3.31 | Property | 1 | Elkhart | NAP | NAP | NAP | ||||||||||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | 1,154,261 | 72,000,000 | 0 | 296,154,261 | 281,259,478 | 0 | 7,654,783 | 7,240,000 | 0 | 0 | 296,154,261 | NAP | NAP | NAP |
5 | Loan | 5 | 1 | Grapevine Mills | 21,252,453 | 0 | 0 | 271,252,453 | 268,857,947 | 0 | 2,394,506 | 0 | 0 | 0 | 271,252,453 | NAP | NAP | NAP |
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 59,441,997 | 0 | 0 | 169,441,997 | 0 | 165,000,000 | 4,441,997 | 0 | 0 | 0 | 169,441,997 | 12/31/2033 | 259.00 | 204.29 |
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 2,129,801 | 0 | 0 | 55,129,801 | 43,020,940 | 0 | 1,641,381 | 10,467,479 | 0 | 0 | 55,129,801 | 1/16/2050 | 259.59 | 206.26 |
8 | Loan | 1 | Germantown Commons | 23,719,006 | 0 | 0 | 72,719,006 | 0 | 69,700,000 | 1,925,404 | 1,093,602 | 0 | 0 | 72,719,006 | NAP | NAP | NAP | |
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | 0 | 0 | 0 | 115,000,000 | 0 | 0 | 704,997 | 6,716,561 | 107,578,442 | 0 | 115,000,000 | NAP | NAP | NAP |
10 | Loan | 5, 15 | 1 | 900 North Michigan | 56,362,388 | 0 | 0 | 236,362,388 | 206,807,744 | 0 | 8,416,086 | 21,138,557 | 0 | 0 | 236,362,388 | NAP | NAP | NAP |
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 2,395,813 | 0 | 0 | 102,395,813 | 95,070,064 | 0 | 478,506 | 6,847,243 | 0 | 0 | 102,395,813 | 8/6/2044 | 259.85 | 182.19 |
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | 0 | 0 | 0 | 31,500,000 | 21,796,643 | 0 | 1,335,130 | 8,000,000 | 368,227 | 0 | 31,500,000 | NAP | NAP | NAP |
12.01 | Property | 1 | 30-56 Whitestone Expressway | NAP | NAP | NAP | ||||||||||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | NAP | NAP | NAP | ||||||||||||
13 | Loan | 5, D | 1 | 610 Newport Center | 0 | 0 | 0 | 85,000,000 | 0 | 0 | 307,838 | 2,583,149 | 82,109,013 | 0 | 85,000,000 | NAP | NAP | NAP |
14 | Loan | 1 | Briarcliff Commons | 0 | 0 | 0 | 30,000,000 | 0 | 0 | 723,998 | 952,042 | 28,323,961 | 0 | 30,000,000 | NAP | NAP | NAP | |
15 | Loan | 1 | Kendall Value Center | 0 | 0 | 0 | 25,000,000 | 21,620,225 | 0 | 383,334 | 430,926 | 2,565,515 | 0 | 25,000,000 | NAP | NAP | NAP | |
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | NAP | NAP | |||||||||||
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | NAP | NAP | NAP | |||||||||||
17.01 | Property | 1 | Compass Self Storage Alachua | NAP | NAP | NAP | ||||||||||||
17.02 | Property | 1 | Metro Self Storage – Limerick | NAP | NAP | NAP | ||||||||||||
17.03 | Property | 1 | Compass Self Storage Cleveland | NAP | NAP | NAP | ||||||||||||
18 | Loan | 5 | 1 | Newport Centre | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
19 | Loan | 1 | East West Commons | NAP | NAP | NAP | ||||||||||||
20 | Loan | 19 | 1 | AC Charlotte Southpark | NAP | 200.86 | 149.92 | |||||||||||
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | ||||||||||||
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | NAP | NAP | NAP | |||||||||||
22.01 | Property | 1 | Waters Edge | NAP | NAP | NAP | ||||||||||||
22.02 | Property | 1 | Southwest Estates | NAP | NAP | NAP | ||||||||||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 4/14/2037 | 140.95 | 87.80 | ||||||||||||
24 | Loan | 1 | 115 West 190th Street | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP | |
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | NAP | ||||||||||||
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
27 | Loan | 1 | Hampton Inn Grandville | 9/30/2038 | 122.65 | 75.92 | ||||||||||||
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 7/31/2039 | 114.21 | 98.80 | ||||||||||||
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | NAP | NAP | NAP | |||||||||||
29.01 | Property | 1 | White Oaks MHC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
A-1-35 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | 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 ($) | Uses: Total Uses ($) | Franchise Agreement Expiration | Underwritten ADR ($) | Underwritten RevPAR ($) |
29.02 | Property | 1 | Magnolia Trace MHC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP | ||||
29.03 | Property | 1 | Herradura Heights | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP | ||||
29.04 | Property | 1 | Cypress Trace MHC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP | ||||
29.05 | Property | 1 | Village Trace MHC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP | ||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | NAP | NAP | |||||||||||
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | NAP | |||||||||||
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | NAP | ||||||||||||
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | NAP | NAP | NAP |
A-1-36 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | 89.8% | 426.33 | 382.91 | 89.8% | 422.22 | 376.88 | 89.3% | 414.05 | 369.65 | 89.3% | ||||
1.01 | Property | 1 | Soho Grand Hotel | 90.4% | 442.22 | 399.78 | 90.4% | 438.53 | 394.00 | 89.8% | 425.65 | 385.06 | 90.5% | |||||
1.02 | Property | 1 | Roxy Hotel | 88.8% | 398.42 | 353.80 | 88.8% | 393.57 | 347.33 | 88.3% | 393.28 | 343.04 | 87.2% | |||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
3.01 | Property | 1 | Ringgold | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.02 | Property | 1 | Laval | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.03 | Property | 1 | Loudon | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.04 | Property | 1 | Salt Lake City | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.05 | Property | 1 | Morgantown | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.06 | Property | 1 | Reading | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.07 | Property | 1 | Orrville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.08 | Property | 1 | Riverside I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.09 | Property | 1 | Spring Hill | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.10 | Property | 1 | Janesville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.11 | Property | 1 | Sturgis II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.12 | Property | 1 | Denver | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.13 | Property | 1 | Sturgis I | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.14 | Property | 1 | Social Circle | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.15 | Property | 1 | Caldwell | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.16 | Property | 1 | Brenham | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.17 | Property | 1 | Clinton | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.18 | Property | 1 | Ehrenberg | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.19 | Property | 1 | Rydal | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.20 | Property | 1 | Claremore | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.21 | Property | 1 | West Palm Beach | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.22 | Property | 1 | Decatur | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.23 | Property | 1 | North Salt Lake | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.24 | Property | 1 | Ephrata | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.25 | Property | 1 | Nashville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.26 | Property | 1 | Louisville | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.27 | Property | 1 | Riverside II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.28 | Property | 1 | Corsicana | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.29 | Property | 1 | Centralia | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.30 | Property | 1 | Indianapolis | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
3.31 | Property | 1 | Elkhart | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
5 | Loan | 5 | 1 | Grapevine Mills | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | 78.9% | 255.45 | 201.50 | 78.9% | 253.71 | 199.82 | 78.8% | 250.95 | 193.87 | 77.3% | ||||
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | 79.5% | 259.59 | 206.26 | 79.5% | 256.88 | 201.77 | 78.5% | 218.98 | 158.58 | 72.4% | ||||
8 | Loan | 1 | Germantown Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
10 | Loan | 5, 15 | 1 | 900 North Michigan | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | 70.1% | 259.85 | 182.19 | 70.1% | 258.13 | 180.23 | 69.8% | 248.29 | 174.45 | 70.3% | ||||
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
12.01 | Property | 1 | 30-56 Whitestone Expressway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
13 | Loan | 5, D | 1 | 610 Newport Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
14 | Loan | 1 | Briarcliff Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
15 | Loan | 1 | Kendall Value Center | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
16 | Loan | 18 | 1 | Hamden Life Storage II | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
17.01 | Property | 1 | Compass Self Storage Alachua | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
17.02 | Property | 1 | Metro Self Storage – Limerick | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
17.03 | Property | 1 | Compass Self Storage Cleveland | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
18 | Loan | 5 | 1 | Newport Centre | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
19 | Loan | 1 | East West Commons | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
20 | Loan | 19 | 1 | AC Charlotte Southpark | 74.6% | 200.86 | 149.92 | 74.6% | 190.04 | 142.03 | 74.7% | 175.87 | 114.42 | 65.1% | ||||
21 | Loan | 1 | Brooklyn Renaissance Garage | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
22.01 | Property | 1 | Waters Edge | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
22.02 | Property | 1 | Southwest Estates | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | 62.3% | 140.57 | 87.56 | 62.3% | 140.85 | 87.15 | 61.9% | 124.35 | 79.68 | 64.1% | |||||
24 | Loan | 1 | 115 West 190th Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
25 | Loan | 1 | 345 Tenth Street | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 31,300,000 | 28.8% | 4.3% |
27 | Loan | 1 | Hampton Inn Grandville | 61.9% | 122.65 | 75.92 | 61.9% | 121.49 | 76.54 | 63.0% | 126.44 | 79.78 | 63.1% | |||||
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | 86.5% | 114.21 | 98.80 | 86.5% | 115.40 | 99.02 | 85.8% | 112.34 | 93.81 | 83.5% | |||||
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
29.01 | Property | 1 | White Oaks MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP |
A-1-37 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | 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 (%) | Coop - Committed Secondary Debt | Coop - Rental Value | Coop - LTV as Rental | Coop - Unsold Percent |
29.02 | Property | 1 | Magnolia Trace MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
29.03 | Property | 1 | Herradura Heights | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
29.04 | Property | 1 | Cypress Trace MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
29.05 | Property | 1 | Village Trace MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 1,000,000 | 57,100,000 | 11.4% | 0.0% |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 500,000 | 100,400,000 | 5.6% | 4.5% |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
33 | Loan | 21 | 1 | 169 East Broadway | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | ||||
34 | Loan | 1 | Riverwinds MHC | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | |||||
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 200,000 | 9,800,000 | 27.5% | 46.5% |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 8,900,000 | 20.2% | 10.5% |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 26,100,000 | 6.7% | 0.0% |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 400,000 | 33,900,000 | 4.4% | 0.0% |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 300,000 | 7,100,000 | 17.6% | 2.9% |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | NAP | 250,000 | 11,500,000 | 9.5% | 0.0% |
A-1-38 |
Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/Investor Carry |
1 | Loan | 5, 6, 10, A | 2 | Soho Grand & The Roxy Hotel | ||||
1.01 | Property | 1 | Soho Grand Hotel | |||||
1.02 | Property | 1 | Roxy Hotel | |||||
2 | Loan | 7, 11, B | 1 | Biltmore Park Town Square | ||||
3 | Loan | 5, 6, 7 | 31 | Poindexter Industrial Portfolio | ||||
3.01 | Property | 1 | Ringgold | |||||
3.02 | Property | 1 | Laval | |||||
3.03 | Property | 1 | Loudon | |||||
3.04 | Property | 1 | Salt Lake City | |||||
3.05 | Property | 1 | Morgantown | |||||
3.06 | Property | 1 | Reading | |||||
3.07 | Property | 1 | Orrville | |||||
3.08 | Property | 1 | Riverside I | |||||
3.09 | Property | 1 | Spring Hill | |||||
3.10 | Property | 1 | Janesville | |||||
3.11 | Property | 1 | Sturgis II | |||||
3.12 | Property | 1 | Denver | |||||
3.13 | Property | 1 | Sturgis I | |||||
3.14 | Property | 1 | Social Circle | |||||
3.15 | Property | 1 | Caldwell | |||||
3.16 | Property | 1 | Brenham | |||||
3.17 | Property | 1 | Clinton | |||||
3.18 | Property | 1 | Ehrenberg | |||||
3.19 | Property | 1 | Rydal | |||||
3.20 | Property | 1 | Claremore | |||||
3.21 | Property | 1 | West Palm Beach | |||||
3.22 | Property | 1 | Decatur | |||||
3.23 | Property | 1 | North Salt Lake | |||||
3.24 | Property | 1 | Ephrata | |||||
3.25 | Property | 1 | Nashville | |||||
3.26 | Property | 1 | Louisville | |||||
3.27 | Property | 1 | Riverside II | |||||
3.28 | Property | 1 | Corsicana | |||||
3.29 | Property | 1 | Centralia | |||||
3.30 | Property | 1 | Indianapolis | |||||
3.31 | Property | 1 | Elkhart | |||||
4 | Loan | 5, 12, 13 | 1 | VISA Global HQ | ||||
5 | Loan | 5 | 1 | Grapevine Mills | ||||
6 | Loan | 5 | 1 | Hilton La Jolla Torrey Pines | ||||
7 | Loan | 14 | 1 | Residence Inn National Mall - Washington D.C. | ||||
8 | Loan | 1 | Germantown Commons | |||||
9 | Loan | 5, C | 1 | 20 & 40 Pacifica | ||||
10 | Loan | 5, 15 | 1 | 900 North Michigan | ||||
11 | Loan | 5, 16 | 1 | Marriott Myrtle Beach Grande Dunes Resort | ||||
12 | Loan | 6, 7, 17 | 2 | DMV Portfolio | ||||
12.01 | Property | 1 | 30-56 Whitestone Expressway | |||||
12.02 | Property | 1 | 168-35 Rockaway Boulevard | |||||
13 | Loan | 5, D | 1 | 610 Newport Center | ||||
14 | Loan | 1 | Briarcliff Commons | |||||
15 | Loan | 1 | Kendall Value Center | |||||
16 | Loan | 18 | 1 | Hamden Life Storage II | ||||
17 | Loan | 6 | 3 | Compass Self Storage Portfolio | ||||
17.01 | Property | 1 | Compass Self Storage Alachua | |||||
17.02 | Property | 1 | Metro Self Storage – Limerick | |||||
17.03 | Property | 1 | Compass Self Storage Cleveland | |||||
18 | Loan | 5 | 1 | Newport Centre | ||||
19 | Loan | 1 | East West Commons | |||||
20 | Loan | 19 | 1 | AC Charlotte Southpark | ||||
21 | Loan | 1 | Brooklyn Renaissance Garage | |||||
22 | Loan | 6 | 2 | Southwest Estates & Waters Edge Portfolio | ||||
22.01 | Property | 1 | Waters Edge | |||||
22.02 | Property | 1 | Southwest Estates | |||||
23 | Loan | 1 | Staybridge Suites - Ann Arbor, MI | |||||
24 | Loan | 1 | 115 West 190th Street | |||||
25 | Loan | 1 | 345 Tenth Street | |||||
26 | Loan | 8, 9, F | 1 | Hudson Courts Owners, Inc. | 5 | 0 | 0 | -25,823 |
27 | Loan | 1 | Hampton Inn Grandville | |||||
28 | Loan | 1 | Fairfield Inn Cincinnati Airport South | |||||
29 | Loan | 6 | 5 | Louisiana MHC Portfolio | ||||
29.01 | Property | 1 | White Oaks MHC |
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Annex A-1 - CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS
Loan ID Number | Property Flag | Footnotes (for Loan and Property Information) | # of Properties | Property Name | Coop - Sponsor Units | Coop - Investor Units | Coop - Coop Units | Coop - Sponsor/Investor Carry |
29.02 | Property | 1 | Magnolia Trace MHC | |||||
29.03 | Property | 1 | Herradura Heights | |||||
29.04 | Property | 1 | Cypress Trace MHC | |||||
29.05 | Property | 1 | Village Trace MHC | |||||
30 | Loan | 8, 9, F | 1 | Fowler-Daley Owners, Inc. | 0 | 0 | 0 | NAP |
31 | Loan | 8, 9, F | 1 | 14 Horatio Street Apartments Corp. | 0 | 7 | 0 | 120,925 |
32 | Loan | 20, E | 1 | Shops At Lily Cache Creek | ||||
33 | Loan | 21 | 1 | 169 East Broadway | ||||
34 | Loan | 1 | Riverwinds MHC | |||||
35 | Loan | 8, 9, F | 1 | 2640 Marion Avenue Owners, Inc. | 33 | 0 | 0 | 260,630 |
36 | Loan | 8, 9, F | 1 | 1500 Boston Road Housing Development Fund Corporation | 0 | 0 | 4 | 55,620 |
37 | Loan | 8, 9, F | 1 | Clark Street Tenants Incorporated | 0 | 0 | 0 | NAP |
38 | Loan | 8, 9, F | 1 | 139 E. 66 St. Corporation | 0 | 0 | 0 | NAP |
39 | Loan | 8, 9, F | 1 | Trinity Arms Ltd. | 0 | 1 | 0 | 5,680 |
40 | Loan | 8, 9, F | 1 | West 96th Street Owners' Corp. | 0 | 0 | 0 | NAP |
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BANK 2024-BNK48
Footnotes to Annex A-1
(1) | MSBNA—Morgan Stanley Bank, N.A.; BANA—Bank of America, National Association; MSMCH—Morgan Stanley Mortgage Capital Holdings LLC; WFB—Wells Fargo Bank, National Association; JPMCB—JPMorgan Chase Bank, National Association; CREFI—Citi Real Estate Funding Inc.; GSBI—Goldman Sachs Bank USA; NCB—National Cooperative Bank, N.A.; NCCB—National Consumer Cooperative Bank. |
(2) | Certain tenants may not be in occupancy or may be in free rent periods. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this prospectus for information regarding the 5 largest tenants at mortgaged properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties which are not in occupancy or are in free rent periods. |
(3) | The Administrative Fee Rate includes the master servicing fee rate, operating advisor fee rate, certificate administrator/trustee fee rate, asset representations reviewer fee rate, primary or sub-servicing servicing fee rate, CREFC® license fee rate and, with respect to any non-serviced Mortgage Loan, pari passu loan primary servicing fee rate, in each case applicable to the related Mortgage Loan. |
(4) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. See "Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” for information regarding certain lease termination options affecting the 5 largest tenants at mortgaged properties securing the 15 largest Mortgage Loans and tenants that occupy 50% or more of the net rentable area at their respective mortgaged properties. |
(5) | With respect to Mortgage Loan No. 1, Soho Grand & The Roxy Hotel, Mortgage Loan No. 3, Poindexter Industrial Portfolio, Mortgage Loan No. 4, VISA Global HQ, Mortgage Loan No. 5, Grapevine Mills, Mortgage Loan No. 6, Hilton La Jolla Torrey Pines, Mortgage Loan No. 9, 20 & 40 Pacifica, Mortgage Loan No. 10, 900 North Michigan, Mortgage Loan No. 11, Marriott Myrtle Beach Grande Dunes Resort, Mortgage Loan No. 13, 610 Newport Center and Mortgage Loan No. 18, Newport Centre, such Mortgage Loans are part of a whole loan related to the Issuing Entity. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are in each case based on the subject Mortgage Loan together with any related Pari Passu Companion Loan, but (unless otherwise indicated) without regard to any related Subordinate Companion Loan(s). For further information, see “Description of the Mortgage Pool—The Whole Loans—General”, “—The Serviced Pari Passu Whole Loans”, "The Soho Grand & The Roxy Hotel A/B Whole Loan", “—The Non-Serviced Pari Passu Whole Loans”, and “Pooling and Servicing Agreement” or “Pooling and Servicing Agreement—Servicing of the Non-Serviced Mortgage Loans,” as applicable, in this prospectus. |
(6) | With respect to Mortgage Loan No. 1, Soho Grand & The Roxy Hotel, Mortgage Loan No. 3, Poindexter Industrial Portfolio, Mortgage Loan No. 12, DMV Portfolio, Mortgage Loan No.17, Compass Self Storage Portfolio, Mortgage Loan No. 22, Southwest Estates & Waters Edge Portfolio and Mortgage Loan No. 29, Louisiana MHC Portfolio, such Mortgage Loans are secured by multiple properties. For purposes of the statistical information set forth in this prospectus as to such Mortgage Loans, all LTV, DSCR, Debt Yield and Loan Per Unit ($) calculations are shown on an aggregate basis, and a portion of the Cut-off Date Balance has been allocated to each Mortgaged Property based on the respective Appraised Values and/or Underwritten NCF, among other methods. |
(7) | With respect to Mortgage Loan No. 2, Biltmore Park Town Square, Mortgage Loan No. 3, Poindexter Industrial Portfolio and Mortgage Loan No. 12, DMV Portfolio, the related loan documents permit a partial release or other release with prepayment or defeasance. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Releases; Partial Releases; Property Additions” in this prospectus. |
(8) | With respect to all residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the borrower is a cooperative housing corporation. No individual or entity (other than the borrower) has recourse obligations with respect to the residential cooperative Mortgage Loans sold to the trust, including pursuant to any guaranty or environmental indemnity. Accordingly, no information is presented in the columns labeled Sponsor and Non-Recourse Carveout Guarantor or such information is shown same as the borrower in Annex A-1. In addition, due to the specialized nature of residential housing cooperatives, certain information presented in and shown on Annex A-1 with respect to other Mortgage Loans is not presented with respect to the residential cooperative Mortgage Loans sold to the trust and is, instead, reflected as not applicable (NAP). For example, since residential cooperatives are not-for-profit entities that generally set maintenance fees to cover current expenses and plan for future capital needs and a residential cooperative is generally able to increase or decrease maintenance fees according to its anticipated expenses and level of cash reserves, historical Net Operating Income figures for residential cooperative properties are generally not representative of the cash flow generated by the property if it were operated as a multifamily rental property. Accordingly, the Most Recent NOI, Second Most Recent NOI, Third Most Recent NOI, and the related fields shown on Annex A-1 are not presented on Annex A-1 with respect to the residential cooperative Mortgage Loans sold to the trust. In addition, see “Risk Factors—Risks Relating to the Mortgage Loans—Residential Cooperative Properties Have Special Risks” with respect to the determination of certain fields on Annex A-1, including but not limited to the Appraised Value, Coop-Rental Value, Underwritten Net Operating Income and Underwritten Net Cash Flow. |
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(9) | With respect to the residential cooperative Mortgage Loans sold to the trust by National Cooperative Bank, N.A., the information contained in the columns entitled “Subordinate Companion Loan Cut-off Date Balance” and “Subordinate Companion Loan Interest Rate” also includes relevant information regarding the subordinate lines of credit corresponding to such loans, although those subordinate lines of credit are not considered Companion Loans. See the chart column entitled “Non-Trust Mortgage Loan Interest Rate” under “Risk Factors — Other Secured Indebtedness — Additional Debt Secured by Residential Cooperative Properties” in this prospectus. |
(10) | With respect to Mortgage Loan No. 1, Soho Grand & The Roxy Hotel, there is no separate Nonrecourse Carve-out Guarantor. In addition, the related borrowers are the only environmental indemnitors, and the lender has obtained its own environmental insurance policy with respect to the Mortgaged Property. |
(11) | With respect to Mortgage Loan No. 2, Biltmore Park Town Square, the Mortgaged Property is comprised of 241,273 SF of retail space that is 90.3% leased to 31 tenants as of the August 22, 2024 rent roll. The office portion of the property consists of 109,846 SF that is 99.3% leased to 11 tenants as of the August 22, 2024 rent roll. The multifamily portion of the property consists of 120 units, totaling 148,879 SF, that are 99.2% occupied as of the June 30, 2024 rent roll. |
(12) | With respect to Mortgage Loan No. 4, VISA Global HQ, the mortgage loan is structured with an Anticipated Repayment Date (“ARD”) of September 6, 2034, and has a final maturity date of March 6, 2038. The VISA Global HQ Whole Loan accrues interest at a rate of 5.5060% per annum until the ARD. After the ARD, the interest rate will increase to a per annum rate equal to the sum of (i) 5.5060% and (ii) 4.0000% (the “Adjusted Interest Rate”); however, interest accrued at the excess of the Adjusted Interest Rate over the initial interest rate will be deferred. In addition, after the ARD, all excess cash flow will be applied to repay the principal balance of the Mortgage Loan. |
(13) | With respect to Mortgage Loan No. 4, VISA Global HQ, the appraised value represents the “Prospective Value Upon Stabilization”, which assumes that VISA, Inc. has taken occupancy at the VISA Global HQ Property, which occupancy has occurred. The appraisal concluded to an “as-is” appraised value of $409,000,000 as of April 11, 2024. The “as-is” appraised value results in a Cut-off Date LTV of 54.5% for the VISA Global HQ Whole Loan. |
(14) | With respect to Mortgage Loan No. 7, Residence Inn National Mall - Washington D.C. ("RINM"), the monthly FF&E expenditure amount commences with the October 2025 monthly payment date and means (i) the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b) 1/12th of 1% of the Operating Income of the RINM Property for the previous 12 months ("Operating Income"), (ii) for the monthly payment dates which occur in October 2026 through September 2027, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b)1/12th of 2% of the Operating Income, (iii) for the monthly payment dates which occur in October 2027 through September 2028, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b) 1/12th of 3% of the Operating Income, and (iv) thereafter, for the monthly payment dates in October through September of the following calendar year, the greater of (a) the monthly amount required to be reserved pursuant to the Franchise Agreement or (b) 1/12th of 4% of the Operating Income. |
(15) | With respect to Mortgage Loan No. 10, 900 North Michigan, a Grace Period - Late Fee (Days) of five days is permitted once during any 12-month period. This does not apply to principal payment at maturity. |
(16) | With respect to Mortgage Loan No. 11, Marriott Myrtle Beach Grande Dunes Resort, the appraised value represents the As-Complete Value, which assumes the PIP has been completed as of April 25, 2025. The loan documents required an upfront PIP Reserve equal to 112% of the estimated cost to complete the PIP work. The As-Is Value of $209,000,000 equates to an Appraised Value Per Room of $516,049, a Cut-off Date LTV Ratio of 47.8% and a Maturity Date LTV Ratio of 40.8%. |
(17) | With respect to Mortgage Loan No. 12, DMV Portfolio, UW NOI is greater than Most Recent NOI as the UW NOI includes the DMV’s reimbursement to the borrower of amortized tenant improvements. |
(18) | With respect to Mortgage Loan No. 16, Hamden Life Storage II, the Mortgaged Property is comprised of 97,895 SF of self-storage space which accounts for 68.6% of total EGI and 30,691 SF of retail space which along with ancillary income accounts for 31.4% of total EGI. The self-storage component is currently 84.6% occupied as of August 15, 2024 and the retail space is currently 100% leased and occupied by four tenants. |
(19) | With respect to Mortgage Loan No. 20, AC Charlotte South Park, if the FF&E reserve is no longer held with the hotel manager, than the borrower is required to deposit it with the lender on each monthly payment date. The FF&E reserve will be equal to the greater of (i) the then-existing FF&E reserve monthly deposit or (ii) 1/12th of 5% of the underwritten revenue for the preceding fiscal year. |
(20) | With respect to Mortgage Loan No. 32, Shops At Lily Cache Creek, if at all the mortgaged property is transferred and the Mortgage Loan is assumed by a third-party purchaser (the "Assumption"), the Ongoing TI/LC Escrow - Monthly ($) deposit shall increase to $2,424.60. |
(21) | With respect to Mortgage Loan No. 33, 169 East Broadway, the Mortgaged Property is comprised of 18 residential units and 1 commercial unit, representing approximately 66.0% and 34.0% of the underwritten revenues, respectively. |
A-1-42 |
A. | “Yield Maintenance Premium” means an amount equal to the greater of (a) one percent (1%) of the outstanding principal of the portion of the Loan 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 under the Note to be made with respect to the portion of the Loan under the Note assuming that all scheduled payments are made timely and that the remaining outstanding principal and interest on the portion of the Loan being prepaid is paid on March 1, 2034 (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 (as defined below) 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. "Prepayment Rate" means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date (as defined below) has a remaining term to maturity closest to, but not exceeding, the remaining term to March 1, 2034 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 Lender may reasonably select. “Prepayment Rate Determination Date” shall mean the date which is five (5) Business Days prior to the date that such prepayment shall be applied in accordance with the terms and provisions of Section 2.4.1 of the mortgage loan agreement. |
B. | “Yield Maintenance Premium” shall mean an amount equal to the greater of (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to the present value as of the date on which the prepayment is made of the Calculated Payments (as defined below) from the date on which the prepayment is made through the Stated Maturity Date determined by discounting such payments at the Discount Rate (as defined below). As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the date on which prepayment is made and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate (as defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate (as defined below), when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15-Selected Interest Rates under the heading “U.S. Government Securities/Treasury Constant Maturities” for the week ending prior to the date on which prepayment is made, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. Lender shall notify Borrower of the amount and the basis of determination of the required prepayment consideration. Lender’s calculation of the Yield Maintenance Premium shall be conclusive absent manifest error. |
C. | Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to: (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required per the related mortgage loan agreement, calculated by discounting such payments from the respective dates each such payment was due per the related mortgage loan agreement (or, with respect to the payment required on March 11, 2034 (assuming the outstanding principal balance of the Loan is due on March 11, 2034), from March 11, 2034) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (as defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date; multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. “Periodic Treasury Yield” shall mean: (A) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) March 11, 2034 (or if two or more such securities have maturity dates equally close to the March 11, 2034, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding the prepayment date; divided by (B) twelve (12). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. |
D. | “Yield Maintenance Premium” shall mean an amount equal to the greater of the following two amounts: (a) an amount equal to one percent (1%) of the amount prepaid; or (b) an amount equal to: (i) the amount, if any, by which the sum of the present values as of the prepayment date of all unpaid principal and interest payments required per the related mortgage loan agreement, calculated by discounting such payments from the respective dates each such payment was due per the related mortgage loan agreement (or, with respect to the payment required on the Open Period Start Date (assuming the outstanding principal balance of the Loan is due on the Open Period Start Date), from the Open Period Start Date) back to the prepayment date at a discount rate equal to the Periodic Treasury Yield (defined below) exceeds the outstanding principal balance of the Loan as of the prepayment date; multiplied by (ii) a fraction whose numerator is the amount prepaid and whose denominator is the outstanding principal balance of the Loan as of the prepayment date. For purposes of the foregoing, “Periodic Treasury Yield” shall mean: (A) the annual yield to maturity of the actively traded non-callable United States Treasury fixed interest rate security (other than any such security which can be surrendered at the option of the holder at face value in payment of federal estate tax or which was issued at a substantial discount) that has a maturity closest to (whether before, on or after) the Open Period Start Date (or if two or more such securities have maturity dates equally close to the Open Period Start Date, the average annual yield to maturity of all such securities), as reported in The Wall Street Journal or other authoritative publication or news retrieval service on the fifth Business Day preceding |
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the prepayment date; divided by (B) twelve (12). Lender’s calculation of the Yield Maintenance Premium, and all component calculations, shall be conclusive and binding on Borrower absent manifest error. “Open Period Start Date” shall mean the Monthly Payment Date in March, 2034. | |
E. | “Yield Maintenance Premium” shall mean an amount equal to the greater of: (x) one percent (1%) of the principal amount of this Note being prepaid or (y) the present value as of the Prepayment Date (defined below) of the Calculated Payments (defined below) from the Prepayment Date through the first day of the Open Period determined by discounting such payments at the Discount Rate (defined below). As used in this definition, the term “Prepayment Date” shall mean the date on which prepayment is made. As used in this definition, the term “Calculated Payments” shall mean the monthly payments of interest only which would be due based on the principal amount of this Note being prepaid on the Prepayment Date and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (1) the Applicable Interest Rate and (2) the Yield Maintenance Treasury Rate (defined below). As used in this definition, the term “Discount Rate” shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate, when compounded semi-annually. As used in this definition, the term “Yield Maintenance Treasury Rate” shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15- Selected Interest Rates under the heading U.S. Government Securities/Treasury Constant Maturities for the week ending prior to the Prepayment Date, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Open Period. In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate. In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise. |
F. | "Yield Maintenance Premium" is equal to the greater of: (A) One percent (1%) of the amount of principal being prepaid; or (B) The product obtained by multiplying: (1) the amount of principal being prepaid, by (2) the difference obtained by subtracting from the Interest Rate on this Note the Yield Rate (as defined below), on the twenty-fifth Business Day preceding (x) the Noticed Prepayment Date, or (y) the date Payee accelerates the indebtedness evidenced by this Note or, except with respect to a Casualty Prepayment (as to which no Prepayment Premium will be payable), otherwise accepts a prepayment by reason of Payee’s application of any collateral or other security to the repayment of any portion of the unpaid principal balance of this Note prior to the Maturity Date and in the absence of acceleration, by (3) the present value factor calculated using the following formula: (1 - (1 + r)^(-n/12)) / r r = Yield Rate n = the number of months remaining between (1) either of the following: (x) in the case of a voluntary prepayment, the last day of the month during which the prepayment is made, or (y) in any other case, the date on which Payee accelerates the unpaid principal balance of this Note and (2) the Yield Maintenance Period End Date. As used herein, the “Yield Rate” means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. “Treasury constant maturities” (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the "Fed Release") under the heading "U.S. government securities") closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three decimal places): (((a-b) / (x-y)) x (z-y)) + b a = the yield for the longer U.S. Treasury constant maturity b = the yield for the shorter U.S. Treasury constant maturity x = the term of the longer U.S. Treasury constant maturity y = the term of the shorter U.S. Treasury constant maturity z = “n” (as defined in the present value factor calculation above) divided by 12. For purposes hereof, if the Yield Rate is calculated to be zero, the number 0.00001 shall be deemed to be the Yield Rate. Notwithstanding any provision to the contrary, if “z” equals a term reported under the U.S. “Treasury constant maturities” subheading in the Fed Release, the yield for such term will be used, and interpolation will not be necessary. If publication of the Fed Release is discontinued by the Federal Reserve Board, Payee will determine the Yield Rate from another source selected by Payee. Any determination of the Yield Rate by Payee will be binding absent manifest error. |
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