| | FREE WRITING PROSPECTUS |
| | FILED PURSUANT TO RULE 433 |
| | REGISTRATION FILE NO.: 333-226486-02 |
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| WFCM 2018-C48 Disclaimer STATEMENT REGARDING THIS FREE WRITING PROSPECTUS The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (’’SEC’’) (SEC File No. 333-226486) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. – 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com. Nothing in this document constitutes an offer of securities for sale in any jurisdiction where the offer or sale is not permitted. The information contained herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities. These materials are subject to change, completion, supplement or amendment from time to time. STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Wells Fargo Securities, LLC, Barclays Capital Inc., Academy Securities, Inc., Drexel Hamilton, LLC, or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us. This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement. Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts. IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES The information herein is preliminary and may be supplemented or amended prior to the time of sale. In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials. The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale. IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. | |
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Mortgage Loan Seller(1) | Cross Collateralized and Cross Defaulted Loan Flag | Address | City | State | Zip Code | General Property Type | Specific Property Type | Year Built |
1 | Miami Industrial Portfolio | Barclays | | 2600-3070 Northwest 72nd Avenue and 4400 Northwest 72nd Avenue | Miami | FL | 33162; 33166 | Industrial | Warehouse/Showroom | 1977 |
2 | Sheraton Grand Nashville Downtown | AREF | | 623 Union Street | Nashville | TN | 37219 | Hospitality | Full Service | 1975 |
3 | Walgreens - Ginsberg Portfolio | WFB | | Various | Various | Various | Various | Retail | Single Tenant | Various |
3.01 | Walgreens - Alexandria, VA | WFB | | 6717 Richmond Highway | Alexandria | VA | 22306 | Retail | Single Tenant | 2008 |
3.02 | Walgreens - Atlanta, GA | WFB | | 2320 North Druid Hills Road | Atlanta | GA | 30329 | Retail | Single Tenant | 2010 |
3.03 | Walgreens - Burlington, NC | WFB | | 2585 South Church Street | Burlington | NC | 27215 | Retail | Single Tenant | 2008 |
3.04 | Walgreens - Franklin, MA | WFB | | 160 East Central Street | Franklin | MA | 02038 | Retail | Single Tenant | 2010 |
3.05 | Walgreens - Chester, MD | WFB | | 1802 Main Street | Chester | MD | 21619 | Retail | Single Tenant | 2010 |
3.06 | Walgreens - Laredo, TX | WFB | | 7610 McPherson Road | Laredo | TX | 78041 | Retail | Single Tenant | 2008 |
4 | Riverworks | AREF | | 480 Pleasant Street & 5 Bridge Street | Watertown | MA | 02472 | Office | Suburban | 1907 |
5 | 1000 Windward Concourse | AREF | | 1000 Windward Concourse | Alpharetta | GA | 30005 | Office | Suburban | 1997 |
6 | Starwood Hotel Portfolio | WFB | | Various | Various | Various | Various | Hospitality | Various | Various |
6.01 | Renaissance St. Louis Airport Hotel | WFB | | 9801 Natural Bridge Road | St. Louis | MO | 63134 | Hospitality | Full Service | 1987 |
6.02 | Renaissance Des Moines Savery Hotel | WFB | | 401 Locust Street | Des Moines | IA | 50309 | Hospitality | Full Service | 1887 |
6.03 | Residence Inn St. Louis Downtown | WFB | | 525 South Jefferson Avenue | St. Louis | MO | 63103 | Hospitality | Extended Stay | 2006 |
6.04 | Doubletree Hotel West Palm Beach Airport | WFB | | 1808 South Australian Avenue | West Palm Beach | FL | 33409 | Hospitality | Full Service | 1987 |
6.05 | Courtyard Gulfport Beachfront | WFB | | 1600 East Beach Boulevard | Gulfport | MS | 39501 | Hospitality | Select Service | 1972 |
6.06 | Fairfield Inn Atlanta Downtown | WFB | | 54 Peachtree Street SW | Atlanta | GA | 30303 | Hospitality | Limited Service | 1915 |
6.07 | Hotel Indigo Chicago Vernon Hills | WFB | | 450 North Milwaukee Avenue | Vernon Hills | IL | 60061 | Hospitality | Select Service | 1997 |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | WFB | | 15W90 North Frontage Road | Burr Ridge | IL | 60527 | Hospitality | Limited Service | 2000 |
6.09 | Holiday Inn & Suites Green Bay Stadium | WFB | | 2785 Ramada Way | Green Bay | WI | 54304 | Hospitality | Full Service | 2007 |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | WFB | | 410 West Lake Street | Elmhurst | IL | 60126 | Hospitality | Limited Service | 2000 |
6.11 | Hilton Garden Inn Wichita | WFB | | 2041 North Bradley Fair Parkway | Wichita | KS | 67206 | Hospitality | Select Service | 2000 |
6.12 | Courtyard Norman | WFB | | 770 Copperfield Drive | Norman | OK | 73072 | Hospitality | Select Service | 2009 |
6.13 | Springhill Suites Scranton Wilkes Barre | WFB | | 19 Radcliffe Drive | Moosic | PA | 18507 | Hospitality | Limited Service | 2012 |
6.14 | Courtyard Salisbury | WFB | | 128 Troopers Way | Salisbury | MD | 21804 | Hospitality | Select Service | 2006 |
6.15 | Homewood Suites St. Louis Riverport Airport West | WFB | | 13639 Riverport Drive | Maryland Heights | MO | 63043 | Hospitality | Extended Stay | 2007 |
6.16 | Residence Inn Rocky Mount | WFB | | 230 Gateway Boulevard | Rocky Mount | NC | 27804 | Hospitality | Extended Stay | 1999 |
6.17 | Hampton Inn and Suites Wichita Northeast | WFB | | 2433 North Greenwich Road | Wichita | KS | 67226 | Hospitality | Limited Service | 2009 |
6.18 | Residence Inn Salisbury | WFB | | 140 Centre Road | Salisbury | MD | 21801 | Hospitality | Extended Stay | 2007 |
6.19 | Courtyard Rocky Mount | WFB | | 250 Gateway Boulevard | Rocky Mount | NC | 27804 | Hospitality | Select Service | 2000 |
6.20 | Springhill Suites Wichita East at Plazzio | WFB | | 1220 North Greenwich Road | Wichita | KS | 67206 | Hospitality | Limited Service | 2009 |
6.21 | Residence Inn Wichita East at Plazzio | WFB | | 1212 North Greenwich Road | Wichita | KS | 67206 | Hospitality | Extended Stay | 2005 |
6.22 | Hampton Inn Oklahoma City Northwest | WFB | | 3022 Northwest Expressway | Oklahoma City | OK | 73112 | Hospitality | Limited Service | 1997 |
7 | Franklin Towne Center | AREF | | 3391 NJ-27 | Franklin Park | NJ | 08823 | Retail | Anchored | 1993 |
8 | Christiana Mall | Barclays | | 132 Christiana Mall | Newark | DE | 19702 | Retail | Super Regional Mall | 1978 |
9 | Bella at Norcross | BSP | | 2445 Beaver Ruin Road | Norcross | GA | 30071 | Multifamily | Garden | 1972 |
10 | 1600 Terrell Mill Road | Basis | | 1600 Terrell Mill Road Southeast | Marietta | GA | 30067 | Office | Suburban | 1980 |
11 | Memphis Industrial Portfolio | Basis | | Various | Memphis | TN | 38133 | Industrial | Flex | Various |
11.01 | Wolf Lake | Basis | | 8370, 8380, 8390, 8400, 8410, 8500 Wolf Lake Drive | Memphis | TN | 38133 | Industrial | Flex | 2001 |
11.02 | Stage Hills | Basis | | 3080, 3110, 3111, 3144, 3150 Stage Post Drive & 7850, 7876, 8024 Stage Hills Boulevard | Memphis | TN | 38133 | Industrial | Flex | 1992 |
12 | Prudential - Digital Realty Portfolio | BSP | | Various | Various | Various | Various | Other | Data Center | Various |
12.01 | 14901 FAA Boulevard | BSP | | 14901 FAA Boulevard | Fort Worth | TX | 76155 | Other | Data Center | 2000 |
12.02 | 4650 Old Ironsides Drive | BSP | | 4650 Old Ironsides Drive | Santa Clara | CA | 95054 | Other | Data Center | 1977 |
12.03 | 43790 Devin Shafron Drive | BSP | | 43790 Devin Shafron Drive | Ashburn | VA | 20147 | Other | Data Center | 2011 |
12.04 | 636 Pierce Street | BSP | | 636 Pierce Street | Somerset | NJ | 08873 | Other | Data Center | 2001 |
12.05 | 21551 Beaumeade Circle | BSP | | 21551 Beaumeade Circle | Ashburn | VA | 20147 | Other | Data Center | 2012 |
12.06 | 7505 Mason King Court | BSP | | 7505 Mason King Court | Manassas | VA | 20109 | Other | Data Center | 2003 |
12.07 | 4700 Old Ironsides Drive | BSP | | 4700 Old Ironsides Drive | Santa Clara | CA | 95054 | Other | Data Center | 1993 |
12.08 | 444 Toyama Drive | BSP | | 444 Toyama Drive | Sunnyvale | CA | 94089 | Other | Data Center | 1999 |
13 | California Mixed Use Portfolio | BSP | | Various | Various | CA | Various | Various | Various | Various |
13.01 | Daytona RV & Boat Storage | BSP | | 24194 Daytona Cove | Perris | CA | 92570 | Self Storage | Self Storage | 2005-2009 |
13.02 | Daytona Business Park | BSP | | 24312 Daytona Cove | Perris | CA | 92570 | Industrial | Flex | 2005-2013 |
13.03 | Absolute Self Storage | BSP | | 72450 Varner Road | Thousand Palms | CA | 92276 | Self Storage | Self Storage | 2007 |
14 | Danbury Commerce Portfolio | AREF | | Various | Danbury | CT | 06810 | Industrial | Flex | Various |
14.01 | Delaware Commerce Park | AREF | | 1, 4, 10, 17-19 and 22 Eagle Road; 3, 7, 14-24 and 38 Commerce Drive; 3 and 6-16 Finance Drive; 4 Old Newtown Road; 37 Apple Ridge Road | Danbury | CT | 06810 | Industrial | Flex | 1956 |
14.02 | 34 Executive Drive | AREF | | 34 Executive Drive | Danbury | CT | 06810 | Industrial | Flex | 1982 |
15 | 35 Claver Place | Basis | | 35 Claver Place | Brooklyn | NY | 11238 | Multifamily | Low Rise | 1930 |
16 | Aventura Mall | WFB | | 19501 Biscayne Boulevard | Aventura | FL | 33180 | Retail | Super Regional Mall | 1983 |
17 | H Inc. Multifamily Portfolio | Basis | | Various | Lansing | MI | Various | Multifamily | Garden | Various |
17.01 | Motor Wheel Lofts | Basis | | 707 Prudden Street | Lansing | MI | 48906 | Multifamily | Garden | 1916 |
17.02 | JI Case Lofts | Basis | | 113 Pere Marquette Drive | Lansing | MI | 48912 | Multifamily | Garden | 1904 |
18 | Waterford Tulsa Apartments | AREF | | 5181 S. Harvard Avenue | Tulsa | OK | 74135 | Multifamily | Garden | 1984 |
19 | Lakeside Pointe & Fox Club Apartments | AREF | | Various | Indianapolis | IN | Various | Multifamily | Low Rise | Various |
19.01 | Lakeside Pointe at Nora | AREF | | 9000 North College Avenue | Indianapolis | IN | 46240 | Multifamily | Low Rise | 1971 |
19.02 | Fox Club Apartments | AREF | | 4401 South Keystone Avenue | Indianapolis | IN | 46227 | Multifamily | Low Rise | 1972 |
20 | Virginia Beach Hotel Portfolio | Barclays | | Various | Virginia Beach | VA | 23451 | Hospitality | Full Service | Various |
20.01 | Hilton Virginia Beach Oceanfront | Barclays | | 3001 Atlantic Avenue | Virginia Beach | VA | 23451 | Hospitality | Full Service | 2005 |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | Barclays | | 3315 Atlantic Avenue | Virginia Beach | VA | 23451 | Hospitality | Full Service | 2014 |
21 | Home Depot Technology Center | Barclays | | 2161-2250 Newmarket Parkway Southeast | Marietta | GA | 30067 | Office | Suburban | 1984 |
22 | Hampton Inn & Suites - Vineland | AREF | | 2134 West Landis Avenue | Vineland | NJ | 08360 | Hospitality | Limited Service | 2010 |
23 | The Tannery | AREF | | 19 West College Avenue | Yardley | PA | 19067 | Office | Suburban | 1905 |
24 | Vernon Industrial | WFB | | 4177-4199 Bandini Boulevard | Vernon | CA | 90058 | Industrial | Warehouse | 1972 |
25 | Liberty Portfolio | Barclays | | Various | Various | AZ | Various | Office | Suburban | Various |
25.01 | Liberty Center at Rio Salado | Barclays | | 1850, 1870, 1910, 1930 West Rio Salado Parkway | Tempe | AZ | 85281 | Office | Suburban | 2014 |
25.02 | 8501 East Raintree Drive | Barclays | | 8501 East Raintree Drive | Scottsdale | AZ | 85260 | Office | Suburban | 2006 |
26 | Argenta Flats | BSP | | 123 West 7th Street | North Little Rock | AR | 72114 | Multifamily | Garden | 2013 |
27 | Century Town Center | AREF | | 5975 20th Street | Vero Beach | FL | 32966 | Retail | Anchored | 2008 |
28 | Home2 Suites - Franklin Cool Springs | WFB | | 107 International Drive | Franklin | TN | 37067 | Hospitality | Extended Stay | 2016 |
29 | Kennedy Road Marketplace | AREF | | 1055-1065 Kennedy Road | Windsor | CT | 06095 | Retail | Anchored | 2007 |
30 | 1400 Flat Gap Road | Barclays | | 1400 Flat Gap Road | Jefferson City | TN | 37760 | Industrial | Warehouse | 2002 |
31 | Fair Oaks Mall | Barclays | | 11750 Fair Oaks Mall | Fairfax | VA | 22033 | Retail | Super Regional Mall | 1980 |
32 | Norriton Medical Center | AREF | | 160-190 West Germantown Pike | East Norriton Township | PA | 19428 | Office | Medical | 1995 |
33 | Hampton Inn & Suites McKinney | Basis | | 2008 North Central Expressway | McKinney | TX | 75069 | Hospitality | Limited Service | 2015 |
34 | Kaden Tower | AREF | | 6100 Dutchmans Lane | Louisville | KY | 40205 | Office | CBD | 1964 |
35 | Buellton Self Storage | WFB | | 711 Jonata Park Road | Buellton | CA | 93427 | Self Storage | Self Storage | 2007 |
36 | Hampton Inn & Suites - Sterling Heights | Basis | | 36400 Van Dyke Avenue | Sterling Heights | MI | 48312 | Hospitality | Limited Service | 2002 |
37 | Heartland Village Apartments | AREF | | 1710-1791 Putnam Avenue | Normal | IL | 61761 | Multifamily | Student Housing | 2007 |
38 | CLC Self Storage Portfolio | WFB | | Various | Various | Various | Various | Self Storage | Self Storage | Various |
38.01 | Kangaroo II Self-Storage | WFB | | 100 Valency Drive | Loveland | CO | 80537 | Self Storage | Self Storage | 1995 |
38.02 | Apublix Self Storage - Sooner Road | WFB | | 5100 South Sooner Road | Oklahoma City | OK | 73135 | Self Storage | Self Storage | 2003 |
38.03 | Apublix Self Storage - 10th Street | WFB | | 8401 Northwest 10th Street | Oklahoma City | OK | 73127 | Self Storage | Self Storage | 2002 |
39 | 33 Dart Road | WFB | | 33 Dart Road | Newnan | GA | 30265 | Industrial | Cold Storage/Manufacturing | 1998 |
40 | Condor Self Storage of Ojai | WFB | | 324 Bryant Street | Ojai | CA | 93023 | Self Storage | Self Storage | 2007 |
41 | 225 Carolina | AREF | | 225 Carolina Avenue | Providence | RI | 02901 | Office | Suburban | 1980 |
42 | Fairmont Crossing | Barclays | | 7215 Fairmont Parkway | Pasadena | TX | 77505 | Mixed Use | Office/Retail | 2008 |
43 | Infinite Self Storage | WFB | | 1397 North Larkin Avenue | Joliet | IL | 60435 | Self Storage | Self Storage | 2009 |
44 | Willow Ridge | AREF | | 854 West Battlement Parkway | Parachute | CO | 81635 | Multifamily | Garden | 1982 |
45 | New London Square | WFB | | 1425, 1427, 1489, 1495 Roswell Road | Marietta | GA | 30062 | Retail | Anchored | 1972 |
46 | Walgreens - Georgetown, TX | BSP | | 5317 Williams Drive | Georgetown | TX | 78633 | Retail | Single Tenant | 2012 |
47 | Paso Robles Self Storage | WFB | | 2941 Union Road | Paso Robles | CA | 93446 | Self Storage | Self Storage | 2005 |
48 | Cartwright Pointe Plaza | WFB | | 5109 West Thomas Road | Phoenix | AZ | 85031 | Retail | Anchored | 1975 |
49 | Safeway - Port Angeles | WFB | | 2709 East Highway 101 | Port Angeles | WA | 98362 | Retail | Single Tenant | 2001 |
50 | 2011 & 2015 Abrams Road | WFB | | 2011 and 2015 Abrams Road | Dallas | TX | 75214 | Retail | Anchored | 1935 |
51 | Heron Lakes Apartments | Basis | | 1164 Skywood Drive | Mobile | AL | 36693 | Multifamily | Garden | 1972 |
52 | Rochester Square Shopping Center | WFB | | 3946-3978 Rochester Road | Troy | MI | 48083 | Retail | Unanchored | 1985 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Year Renovated | Number of Units(2) | Unit of Measure(2) | Cut-off Date Balance Per Unit/SF(7) | Original Balance ($) | Cut-off Date Balance ($) | % of Aggregate Cut-off Date Balance | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date | Last IO Pay Date | First P&I Pay Date | Maturity Date or Anticipated Repayment Date |
1 | Miami Industrial Portfolio | | 745,597 | Sq. Ft. | 89 | 66,100,000 | 66,100,000 | 7.9% | 66,100,000 | N | 11/16/2018 | 1/6/2019 | 12/6/2028 | | 12/6/2028 |
2 | Sheraton Grand Nashville Downtown | 2017 | 482 | Rooms | 331,950 | 60,000,000 | 60,000,000 | 7.2% | 60,000,000 | N | 10/4/2018 | 11/6/2018 | 10/6/2028 | | 10/6/2028 |
3 | Walgreens - Ginsberg Portfolio | | 87,049 | Sq. Ft. | 460 | 40,000,000 | 40,000,000 | 4.8% | 33,155,098 | N | 11/16/2018 | 1/11/2019 | | 1/11/2019 | 12/11/2028 |
3.01 | Walgreens - Alexandria, VA | | 14,469 | Sq. Ft. | | 9,311,000 | 9,311,000 | 1.1% | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | 14,110 | Sq. Ft. | | 6,744,000 | 6,744,000 | 0.8% | | | | | | | |
3.03 | Walgreens - Burlington, NC | | 14,550 | Sq. Ft. | | 6,506,000 | 6,506,000 | 0.8% | | | | | | | |
3.04 | Walgreens - Franklin, MA | | 14,550 | Sq. Ft. | | 6,147,000 | 6,147,000 | 0.7% | | | | | | | |
3.05 | Walgreens - Chester, MD | | 14,550 | Sq. Ft. | | 6,088,000 | 6,088,000 | 0.7% | | | | | | | |
3.06 | Walgreens - Laredo, TX | | 14,820 | Sq. Ft. | | 5,204,000 | 5,204,000 | 0.6% | | | | | | | |
4 | Riverworks | 2013 | 201,417 | Sq. Ft. | 192 | 38,629,000 | 38,629,000 | 4.6% | 38,629,000 | N | 10/15/2018 | 12/6/2018 | 11/6/2028 | | 11/6/2028 |
5 | 1000 Windward Concourse | | 251,425 | Sq. Ft. | 121 | 30,500,000 | 30,500,000 | 3.7% | 28,649,833 | N | 10/17/2018 | 12/6/2018 | 11/6/2024 | 12/6/2024 | 11/6/2028 |
6 | Starwood Hotel Portfolio | Various | 2,943 | Rooms | 90,044 | 30,000,000 | 30,000,000 | 3.6% | 30,000,000 | N | 8/16/2018 | 10/11/2018 | 9/11/2028 | | 9/11/2028 |
6.01 | Renaissance St. Louis Airport Hotel | 2015 | 393 | Rooms | | 3,958,388 | 3,958,388 | 0.5% | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | 2018 | 209 | Rooms | | 2,678,430 | 2,678,430 | 0.3% | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | 2017 | 188 | Rooms | | 2,512,510 | 2,512,510 | 0.3% | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | 2015 | 175 | Rooms | | 2,480,906 | 2,480,906 | 0.3% | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | 2015 | 149 | Rooms | | 1,785,620 | 1,785,620 | 0.2% | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | 2012 | 156 | Rooms | | 1,659,205 | 1,659,205 | 0.2% | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | 2015 | 127 | Rooms | | 1,524,888 | 1,524,888 | 0.2% | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | 2015 | 128 | Rooms | | 1,366,869 | 1,366,869 | 0.2% | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | 2015 | 118 | Rooms | | 1,335,265 | 1,335,265 | 0.2% | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | 2015 | 128 | Rooms | | 1,224,651 | 1,224,651 | 0.1% | | | | | | | |
6.11 | Hilton Garden Inn Wichita | 2016 | 103 | Rooms | | 1,066,632 | 1,066,632 | 0.1% | | | | | | | |
6.12 | Courtyard Norman | 2016 | 113 | Rooms | | 916,513 | 916,513 | 0.1% | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | 102 | Rooms | | 877,008 | 877,008 | 0.1% | | | | | | | |
6.14 | Courtyard Salisbury | 2015 | 106 | Rooms | | 845,404 | 845,404 | 0.1% | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | 2017 | 104 | Rooms | | 837,503 | 837,503 | 0.1% | | | | | | | |
6.16 | Residence Inn Rocky Mount | 2016 | 77 | Rooms | | 837,503 | 837,503 | 0.1% | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | 2017 | 102 | Rooms | | 797,998 | 797,998 | 0.1% | | | | | | | |
6.18 | Residence Inn Salisbury | 2015 | 84 | Rooms | | 790,097 | 790,097 | 0.1% | | | | | | | |
6.19 | Courtyard Rocky Mount | 2015 | 90 | Rooms | | 639,979 | 639,979 | 0.1% | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | 2016 | 102 | Rooms | | 632,078 | 632,078 | 0.1% | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | 2013 | 93 | Rooms | | 632,078 | 632,078 | 0.1% | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | 2016 | 96 | Rooms | | 600,474 | 600,474 | 0.1% | | | | | | | |
7 | Franklin Towne Center | | 138,364 | Sq. Ft. | 210 | 29,000,000 | 29,000,000 | 3.5% | 20,350,080 | Y | 11/20/2018 | 1/6/2019 | | 1/6/2019 | 10/6/2028 |
8 | Christiana Mall | 2014 | 779,084 | Sq. Ft. | 434 | 28,000,000 | 28,000,000 | 3.4% | 28,000,000 | N | 7/12/2018 | 9/1/2018 | 8/1/2028 | | 8/1/2028 |
9 | Bella at Norcross | 2018 | 318 | Units | 84,906 | 27,000,000 | 27,000,000 | 3.2% | 25,102,324 | N | 11/9/2018 | 1/6/2019 | 12/6/2023 | 1/6/2024 | 12/6/2028 |
10 | 1600 Terrell Mill Road | 2008 | 251,710 | Sq. Ft. | 103 | 26,000,000 | 26,000,000 | 3.1% | 22,681,831 | N | 11/16/2018 | 01/06/2019 | 12/6/2020 | 1/6/2021 | 12/06/2028 |
11 | Memphis Industrial Portfolio | | 467,949 | Sq. Ft. | 55 | 25,600,000 | 25,600,000 | 3.1% | 21,353,501 | N | 11/19/2018 | 01/01/2019 | | 1/1/2019 | 12/01/2028 |
11.01 | Wolf Lake | | 229,674 | Sq. Ft. | | 13,150,000 | 13,150,000 | 1.6% | | | | | | | |
11.02 | Stage Hills | | 238,275 | Sq. Ft. | | 12,450,000 | 12,450,000 | 1.5% | | | | | | | |
12 | Prudential - Digital Realty Portfolio | Various | 1,042,933 | Sq. Ft. | 203 | 25,000,000 | 25,000,000 | 3.0% | 25,000,000 | N | 9/7/2018 | 11/6/2018 | 10/6/2023 | | 10/6/2023 |
12.01 | 14901 FAA Boulevard | | 263,700 | Sq. Ft. | | 5,047,170 | 5,047,170 | 0.6% | | | | | | | |
12.02 | 4650 Old Ironsides Drive | 2012 | 124,383 | Sq. Ft. | | 4,410,377 | 4,410,377 | 0.5% | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | 152,138 | Sq. Ft. | | 3,561,321 | 3,561,321 | 0.4% | | | | | | | |
12.04 | 636 Pierce Street | 2003 | 108,336 | Sq. Ft. | | 2,959,906 | 2,959,906 | 0.4% | | | | | | | |
12.05 | 21551 Beaumeade Circle | | 152,504 | Sq. Ft. | | 2,665,094 | 2,665,094 | 0.3% | | | | | | | |
12.06 | 7505 Mason King Court | | 109,650 | Sq. Ft. | | 2,311,321 | 2,311,321 | 0.3% | | | | | | | |
12.07 | 4700 Old Ironsides Drive | 1997 | 90,139 | Sq. Ft. | | 2,252,358 | 2,252,358 | 0.3% | | | | | | | |
12.08 | 444 Toyama Drive | | 42,083 | Sq. Ft. | | 1,792,453 | 1,792,453 | 0.2% | | | | | | | |
13 | California Mixed Use Portfolio | | 607,004 | Sq. Ft. | 41 | 24,800,000 | 24,800,000 | 3.0% | 20,516,783 | N | 11/16/2018 | 1/6/2019 | | 1/6/2019 | 12/6/2028 |
13.01 | Daytona RV & Boat Storage | | 322,622 | Sq. Ft. | | 12,270,000 | 12,270,000 | 1.5% | | | | | | | |
13.02 | Daytona Business Park | | 199,158 | Sq. Ft. | | 7,030,000 | 7,030,000 | 0.8% | | | | | | | |
13.03 | Absolute Self Storage | | 85,224 | Sq. Ft. | | 5,500,000 | 5,500,000 | 0.7% | | | | | | | |
14 | Danbury Commerce Portfolio | | 468,711 | Sq. Ft. | 81 | 22,800,000 | 22,800,000 | 2.7% | 22,800,000 | N | 10/26/2018 | 12/6/2018 | 11/6/2028 | | 11/6/2028 |
14.01 | Delaware Commerce Park | | 379,829 | Sq. Ft. | | 18,120,000 | 18,120,000 | 2.2% | | | | | | | |
14.02 | 34 Executive Drive | | 88,882 | Sq. Ft. | | 4,680,000 | 4,680,000 | 0.6% | | | | | | | |
15 | 35 Claver Place | 2018 | 44 | Units | 484,773 | 21,330,000 | 21,330,000 | 2.6% | 21,330,000 | N | 11/01/2018 | 12/01/2018 | 11/1/2028 | | 11/01/2028 |
16 | Aventura Mall | 2017 | 1,217,508 | Sq. Ft. | 1,155 | 20,000,000 | 20,000,000 | 2.4% | 20,000,000 | N | 6/7/2018 | 8/1/2018 | 7/1/2028 | | 7/1/2028 |
17 | H Inc. Multifamily Portfolio | Various | 140 | Units | 135,918 | 19,200,000 | 19,028,538 | 2.3% | 15,859,552 | N | 03/23/2018 | 05/01/2018 | | 5/1/2018 | 04/01/2028 |
17.01 | Motor Wheel Lofts | 2005 | 119 | Units | | 16,340,000 | 16,194,079 | 1.9% | | | | | | | |
17.02 | JI Case Lofts | 2013 | 21 | Units | | 2,860,000 | 2,834,459 | 0.3% | | | | | | | |
18 | Waterford Tulsa Apartments | | 344 | Units | 52,744 | 18,144,000 | 18,144,000 | 2.2% | 16,841,829 | N | 10/16/2018 | 12/6/2018 | 11/6/2023 | 12/6/2023 | 11/6/2028 |
19 | Lakeside Pointe & Fox Club Apartments | | 924 | Units | 34,632 | 16,000,000 | 16,000,000 | 1.9% | 14,716,738 | N | 10/12/2018 | 12/6/2018 | 11/6/2022 | 12/6/2022 | 11/6/2028 |
19.01 | Lakeside Pointe at Nora | | 588 | Units | | 10,794,939 | 10,794,939 | 1.3% | | | | | | | |
19.02 | Fox Club Apartments | | 336 | Units | | 5,205,061 | 5,205,061 | 0.6% | | | | | | | |
20 | Virginia Beach Hotel Portfolio | Various | 456 | Rooms | 197,368 | 15,000,000 | 15,000,000 | 1.8% | 12,949,131 | N | 8/31/2018 | 10/6/2018 | 9/6/2020 | 10/6/2020 | 9/6/2028 |
20.01 | Hilton Virginia Beach Oceanfront | 2018 | 289 | Rooms | | 9,754,601 | 9,754,601 | 1.2% | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | 167 | Rooms | | 5,245,399 | 5,245,399 | 0.6% | | | | | | | |
21 | Home Depot Technology Center | 2015 | 347,498 | Sq. Ft. | 127 | 14,300,000 | 14,300,000 | 1.7% | 14,300,000 | Y | 10/11/2018 | 12/5/2018 | 11/5/2025 | | 11/5/2025 |
22 | Hampton Inn & Suites - Vineland | | 130 | Rooms | 108,262 | 14,100,000 | 14,074,103 | 1.7% | 11,952,166 | N | 9/28/2018 | 11/6/2018 | | 11/6/2018 | 10/6/2028 |
23 | The Tannery | 2018 | 65,355 | Sq. Ft. | 202 | 13,250,000 | 13,221,538 | 1.6% | 10,986,327 | N | 9/14/2018 | 11/6/2018 | | 11/6/2018 | 10/6/2028 |
24 | Vernon Industrial | 1977 | 147,300 | Sq. Ft. | 88 | 13,000,000 | 13,000,000 | 1.6% | 13,000,000 | N | 11/16/2018 | 1/11/2019 | 12/11/2028 | | 12/11/2028 |
25 | Liberty Portfolio | | 805,746 | Sq. Ft. | 206 | 12,850,000 | 12,850,000 | 1.5% | 12,850,000 | N | 9/26/2018 | 11/6/2018 | 10/6/2028 | | 10/6/2028 |
25.01 | Liberty Center at Rio Salado | | 682,406 | Sq. Ft. | | 10,914,174 | 10,914,174 | 1.3% | | | | | | | |
25.02 | 8501 East Raintree Drive | | 123,340 | Sq. Ft. | | 1,935,826 | 1,935,826 | 0.2% | | | | | | | |
26 | Argenta Flats | | 160 | Units | 74,375 | 11,900,000 | 11,900,000 | 1.4% | 10,413,718 | N | 11/16/2018 | 1/6/2019 | 12/6/2020 | 1/6/2021 | 12/6/2028 |
27 | Century Town Center | | 99,533 | Sq. Ft. | 120 | 11,900,000 | 11,900,000 | 1.4% | 10,979,104 | N | 10/18/2018 | 12/6/2018 | 11/6/2023 | 12/6/2023 | 11/6/2028 |
28 | Home2 Suites - Franklin Cool Springs | | 105 | Rooms | 113,333 | 11,900,000 | 11,900,000 | 1.4% | 9,819,428 | N | 11/14/2018 | 1/11/2019 | | 1/11/2019 | 12/11/2028 |
29 | Kennedy Road Marketplace | 2017 | 64,707 | Sq. Ft. | 178 | 11,500,000 | 11,500,000 | 1.4% | 10,643,946 | N | 11/20/2018 | 1/6/2019 | 12/6/2023 | 1/6/2024 | 12/6/2028 |
30 | 1400 Flat Gap Road | | 485,977 | Sq. Ft. | 21 | 10,250,000 | 10,250,000 | 1.2% | 9,467,422 | N | 11/2/2018 | 12/6/2018 | 11/6/2020 | 12/6/2020 | 11/6/2025 |
31 | Fair Oaks Mall | 2014 | 779,949 | Sq. Ft. | 223 | 9,625,000 | 9,553,431 | 1.1% | 8,919,006 | N | 4/27/2018 | 6/10/2018 | | 6/10/2018 | 5/10/2023 |
32 | Norriton Medical Center | 2017 | 74,212 | Sq. Ft. | 117 | 8,700,000 | 8,700,000 | 1.0% | 8,700,000 | N | 11/8/2018 | 1/6/2019 | 12/6/2028 | | 12/6/2028 |
33 | Hampton Inn & Suites McKinney | | 79 | Rooms | 99,533 | 7,875,000 | 7,863,138 | 0.9% | 6,040,312 | N | 10/18/2018 | 12/01/2018 | | 12/1/2018 | 11/01/2028 |
34 | Kaden Tower | | 86,834 | Sq. Ft. | 88 | 7,650,000 | 7,650,000 | 0.9% | 6,667,787 | N | 11/19/2018 | 1/6/2019 | 8/6/2020 | 9/6/2020 | 12/6/2028 |
35 | Buellton Self Storage | | 85,468 | Sq. Ft. | 88 | 7,500,000 | 7,500,000 | 0.9% | 7,500,000 | N | 11/7/2018 | 12/11/2018 | 11/11/2028 | | 11/11/2028 |
36 | Hampton Inn & Suites - Sterling Heights | | 76 | Rooms | 98,684 | 7,500,000 | 7,500,000 | 0.9% | 6,308,103 | N | 11/19/2018 | 01/01/2019 | | 1/1/2019 | 12/01/2028 |
37 | Heartland Village Apartments | | 288 | Beds | 24,089 | 6,937,500 | 6,937,500 | 0.8% | 6,238,172 | N | 11/2/2018 | 12/6/2018 | 11/6/2021 | 12/6/2021 | 11/6/2028 |
38 | CLC Self Storage Portfolio | | 139,785 | Sq. Ft. | 48 | 6,700,000 | 6,700,000 | 0.8% | 6,008,251 | N | 11/6/2018 | 12/11/2018 | 11/11/2021 | 12/11/2021 | 11/11/2028 |
38.01 | Kangaroo II Self-Storage | | 75,325 | Sq. Ft. | | 3,605,700 | 3,605,700 | 0.4% | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | 49,110 | Sq. Ft. | | 2,309,530 | 2,309,530 | 0.3% | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | 15,350 | Sq. Ft. | | 784,770 | 784,770 | 0.1% | | | | | | | |
39 | 33 Dart Road | 2014 | 104,880 | Sq. Ft. | 63 | 6,600,000 | 6,600,000 | 0.8% | 6,600,000 | N | 10/26/2018 | 12/11/2018 | 11/11/2028 | | 11/11/2028 |
40 | Condor Self Storage of Ojai | | 85,595 | Sq. Ft. | 70 | 6,000,000 | 6,000,000 | 0.7% | 6,000,000 | N | 11/8/2018 | 12/11/2018 | 11/11/2028 | | 11/11/2028 |
41 | 225 Carolina | 2015 | 40,507 | Sq. Ft. | 148 | 6,000,000 | 6,000,000 | 0.7% | 5,437,485 | N | 10/30/2018 | 12/6/2018 | 11/6/2022 | 12/6/2022 | 11/6/2028 |
42 | Fairmont Crossing | 2012 | 29,114 | Sq. Ft. | 203 | 5,900,000 | 5,900,000 | 0.7% | 5,462,013 | N | 11/16/2018 | 1/6/2019 | 12/6/2023 | 1/6/2024 | 12/6/2028 |
43 | Infinite Self Storage | | 94,600 | Sq. Ft. | 61 | 5,750,000 | 5,750,000 | 0.7% | 5,750,000 | N | 10/18/2018 | 12/11/2018 | 11/11/2028 | | 11/11/2028 |
44 | Willow Ridge | | 211 | Units | 26,943 | 5,685,000 | 5,685,000 | 0.7% | 5,004,948 | N | 10/4/2018 | 11/6/2018 | 4/6/2021 | 5/6/2021 | 10/6/2028 |
45 | New London Square | | 89,053 | Sq. Ft. | 57 | 5,075,000 | 5,075,000 | 0.6% | 4,325,411 | N | 11/7/2018 | 12/11/2018 | 11/11/2019 | 12/11/2019 | 11/11/2028 |
46 | Walgreens - Georgetown, TX | | 14,820 | Sq. Ft. | 294 | 4,350,000 | 4,350,000 | 0.5% | 4,350,000 | N | 10/23/2018 | 12/6/2018 | 11/6/2028 | | 11/6/2028 |
47 | Paso Robles Self Storage | | 96,098 | Sq. Ft. | 42 | 4,000,000 | 4,000,000 | 0.5% | 4,000,000 | N | 11/14/2018 | 1/11/2019 | 12/11/2028 | | 12/11/2028 |
48 | Cartwright Pointe Plaza | 2014 | 73,725 | Sq. Ft. | 54 | 3,960,000 | 3,960,000 | 0.5% | 3,236,160 | N | 11/13/2018 | 1/11/2019 | | 1/11/2019 | 12/11/2028 |
49 | Safeway - Port Angeles | 2007 | 43,228 | Sq. Ft. | 81 | 3,500,000 | 3,500,000 | 0.4% | 3,500,000 | N | 11/1/2018 | 12/11/2018 | 11/11/2028 | | 11/11/2028 |
50 | 2011 & 2015 Abrams Road | 2017 | 8,362 | Sq. Ft. | 371 | 3,100,000 | 3,100,000 | 0.4% | 3,100,000 | N | 11/14/2018 | 1/11/2019 | 12/11/2028 | | 12/11/2028 |
51 | Heron Lakes Apartments | | 52 | Units | 43,898 | 2,300,000 | 2,282,696 | 0.3% | 1,744,971 | N | 06/27/2018 | 08/01/2018 | | 8/1/2018 | 07/01/2028 |
52 | Rochester Square Shopping Center | | 19,036 | Sq. Ft. | 79 | 1,500,000 | 1,500,000 | 0.2% | 1,343,350 | N | 11/9/2018 | 12/11/2018 | 11/11/2021 | 12/11/2021 | 11/11/2028 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | ARD Loan Maturity Date | Gross Mortgage Rate | Trust Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | Amortization Type | Interest Accrual Method During IO |
1 | Miami Industrial Portfolio | | 4.98100% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.96470% | Actual/360 | 278,180.78 | Interest-only, Balloon | Actual/360 |
2 | Sheraton Grand Nashville Downtown | | 5.03500% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.02075% | Actual/360 | 255,246.53 | Interest-only, Balloon | Actual/360 |
3 | Walgreens - Ginsberg Portfolio | | 5.25000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.23370% | Actual/360 | 220,881.48 | Amortizing Balloon | |
3.01 | Walgreens - Alexandria, VA | | | | | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | | | | | | |
4 | Riverworks | | 4.85700% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.84070% | Actual/360 | 158,522.42 | Interest-only, Balloon | Actual/360 |
5 | 1000 Windward Concourse | | 4.99500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.97870% | Actual/360 | 163,637.41 | Interest-only, Amortizing Balloon | Actual/360 |
6 | Starwood Hotel Portfolio | | 5.15000% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.13575% | Actual/360 | 130,538.19 | Interest-only, Balloon | Actual/360 |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | | | | | | |
6.12 | Courtyard Norman | | | | | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | | | | | | |
7 | Franklin Towne Center | 12/6/2030 | 5.41000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.39370% | Actual/360 | 188,110.77 | Amortizing ARD | |
8 | Christiana Mall | | 4.27750% | 0.00000% | 0.00840% | 0.00375% | 0.00050% | 0.00035% | 4.26450% | Actual/360 | 101,194.56 | Interest-only, Balloon | Actual/360 |
9 | Bella at Norcross | | 5.54000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.52370% | Actual/360 | 153,981.32 | Interest-only, Amortizing Balloon | Actual/360 |
10 | 1600 Terrell Mill Road | | 5.33000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.31370% | Actual/360 | 144,863.97 | Interest-only, Amortizing Balloon | Actual/360 |
11 | Memphis Industrial Portfolio | | 5.45000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.43370% | Actual/360 | 144,551.91 | Amortizing Balloon | |
11.01 | Wolf Lake | | | | | | | | | | | | |
11.02 | Stage Hills | | | | | | | | | | | | |
12 | Prudential - Digital Realty Portfolio | | 4.55750% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.54325% | Actual/360 | 96,266.64 | Interest-only, Balloon | Actual/360 |
12.01 | 14901 FAA Boulevard | | | | | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | | | | | | |
13 | California Mixed Use Portfolio | | 5.19000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.17370% | Actual/360 | 136,026.34 | Amortizing Balloon | Actual/360 |
13.01 | Daytona RV & Boat Storage | | | | | | | | | | | | |
13.02 | Daytona Business Park | | | | | | | | | | | | |
13.03 | Absolute Self Storage | | | | | | | | | | | | |
14 | Danbury Commerce Portfolio | | 5.72500% | 0.00205% | 0.00840% | 0.03250% | 0.00050% | 0.00035% | 5.68120% | Actual/360 | 110,285.76 | Interest-only, Balloon | Actual/360 |
14.01 | Delaware Commerce Park | | | | | | | | | | | | |
14.02 | 34 Executive Drive | | | | | | | | | | | | |
15 | 35 Claver Place | | 5.31500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.29870% | Actual/360 | 95,786.27 | Interest-only, Balloon | Actual/360 |
16 | Aventura Mall | | 4.12125% | 0.00000% | 0.00840% | 0.00375% | 0.00050% | 0.00035% | 4.10825% | Actual/360 | 69,641.49 | Interest-only, Balloon | Actual/360 |
17 | H Inc. Multifamily Portfolio | | 5.14000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.12370% | Actual/360 | 104,718.77 | Amortizing Balloon | |
17.01 | Motor Wheel Lofts | | | | | | | | | | | | |
17.02 | JI Case Lofts | | | | | | | | | | | | |
18 | Waterford Tulsa Apartments | | 5.43000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.41370% | Actual/360 | 102,224.19 | Interest-only, Amortizing Balloon | Actual/360 |
19 | Lakeside Pointe & Fox Club Apartments | | 5.98000% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.96575% | Actual/360 | 95,722.45 | Interest-only, Amortizing Balloon | Actual/360 |
19.01 | Lakeside Pointe at Nora | | | | | | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | | 4.91250% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.89825% | Actual/360 | 79,723.01 | Interest-only, Amortizing Balloon | Actual/360 |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | | | | | | |
21 | Home Depot Technology Center | 11/5/2028 | 5.00100% | 0.00000% | 0.00840% | 0.00375% | 0.00050% | 0.00035% | 4.98800% | Actual/360 | 60,422.96 | Interest-only, ARD | Actual/360 |
22 | Hampton Inn & Suites - Vineland | | 5.98000% | 0.00205% | 0.00840% | 0.04250% | 0.00050% | 0.00035% | 5.92620% | Actual/360 | 84,355.41 | Amortizing Balloon | |
23 | The Tannery | | 5.26000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.24370% | Actual/360 | 73,249.08 | Amortizing Balloon | |
24 | Vernon Industrial | | 5.00000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.98370% | Actual/360 | 54,918.98 | Interest-only, Balloon | Actual/360 |
25 | Liberty Portfolio | | 4.75500% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.74075% | Actual/360 | 51,625.32 | Interest-only, Balloon | Actual/360 |
25.01 | Liberty Center at Rio Salado | | | | | | | | | | | | |
25.02 | 8501 East Raintree Drive | | | | | | | | | | | | |
26 | Argenta Flats | | 5.46000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.44370% | Actual/360 | 67,268.54 | Interest-only, Amortizing Balloon | Actual/360 |
27 | Century Town Center | | 5.01800% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.00170% | Actual/360 | 64,012.75 | Interest-only, Amortizing Balloon | Actual/360 |
28 | Home2 Suites - Franklin Cool Springs | | 5.11000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.09370% | Actual/360 | 64,684.16 | Amortizing Balloon | |
29 | Kennedy Road Marketplace | | 5.23000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.21370% | Actual/360 | 63,361.04 | Interest-only, Amortizing Balloon | Actual/360 |
30 | 1400 Flat Gap Road | | 5.10500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.08870% | Actual/360 | 55,683.85 | Interest-only, Amortizing Balloon | Actual/360 |
31 | Fair Oaks Mall | | 4.25800% | 0.00000% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.24375% | Actual/360 | 45,053.38 | Amortizing Balloon | |
32 | Norriton Medical Center | | 5.14500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.12870% | Actual/360 | 37,819.32 | Interest-only, Balloon | Actual/360 |
33 | Hampton Inn & Suites McKinney | | 5.72000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.70370% | Actual/360 | 49,399.46 | Amortizing Balloon | |
34 | Kaden Tower | | 5.59500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.57870% | Actual/360 | 43,892.93 | Interest-only, Amortizing Balloon | Actual/360 |
35 | Buellton Self Storage | | 4.99500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.97870% | Actual/360 | 31,652.34 | Interest-only, Balloon | Actual/360 |
36 | Hampton Inn & Suites - Sterling Heights | | 5.72000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.70370% | Actual/360 | 43,625.13 | Amortizing Balloon | |
37 | Heartland Village Apartments | | 5.75000% | 0.00205% | 0.00840% | 0.07500% | 0.00050% | 0.00035% | 5.66370% | Actual/360 | 40,485.37 | Interest-only, Amortizing Balloon | Actual/360 |
38 | CLC Self Storage Portfolio | | 5.61500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.59870% | Actual/360 | 38,526.69 | Interest-only, Amortizing Balloon | Actual/360 |
38.01 | Kangaroo II Self-Storage | | | | | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | | | | | | |
39 | 33 Dart Road | | 4.90000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.88370% | Actual/360 | 27,324.31 | Interest-only, Balloon | Actual/360 |
40 | Condor Self Storage of Ojai | | 5.04000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.02370% | Actual/360 | 25,550.00 | Interest-only, Balloon | Actual/360 |
41 | 225 Carolina | | 5.12000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.10370% | Actual/360 | 32,650.76 | Interest-only, Amortizing Balloon | Actual/360 |
42 | Fairmont Crossing | | 5.24500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.22870% | Actual/360 | 32,561.75 | Interest-only, Amortizing Balloon | Actual/360 |
43 | Infinite Self Storage | | 5.53000% | 0.00205% | 0.00840% | 0.06250% | 0.00050% | 0.00035% | 5.45620% | Actual/360 | 26,865.94 | Interest-only, Balloon | Actual/360 |
44 | Willow Ridge | | 5.24000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.22370% | Actual/360 | 31,357.58 | Interest-only, Amortizing Balloon | Actual/360 |
45 | New London Square | | 5.33000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.31370% | Actual/360 | 28,276.33 | Interest-only, Amortizing Balloon | Actual/360 |
46 | Walgreens - Georgetown, TX | | 5.33000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.31370% | Actual/360 | 19,589.60 | Interest-only, Balloon | Actual/360 |
47 | Paso Robles Self Storage | | 4.87000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.85370% | Actual/360 | 16,458.80 | Interest-only, Balloon | Actual/360 |
48 | Cartwright Pointe Plaza | | 4.81500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 4.79870% | Actual/360 | 20,812.67 | Amortizing Balloon | |
49 | Safeway - Port Angeles | | 5.26000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.24370% | Actual/360 | 15,554.75 | Interest-only, Balloon | Actual/360 |
50 | 2011 & 2015 Abrams Road | | 5.50500% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.48870% | Actual/360 | 14,418.77 | Interest-only, Balloon | Actual/360 |
51 | Heron Lakes Apartments | | 5.40000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.38370% | Actual/360 | 13,986.99 | Amortizing Balloon | |
52 | Rochester Square Shopping Center | | 5.55000% | 0.00205% | 0.00840% | 0.00500% | 0.00050% | 0.00035% | 5.53370% | Actual/360 | 8,563.95 | Interest-only, Amortizing Balloon | Actual/360 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.)(3) | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions | Grace Period Default (Days) | Grace Period Late (Days)(4) |
1 | Miami Industrial Portfolio | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) | 0 | 0 |
2 | Sheraton Grand Nashville Downtown | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(88),O(6) | 0 | 0 |
3 | Walgreens - Ginsberg Portfolio | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),GRTR 1% or YM(92),O(4) | 0 | 0 |
3.01 | Walgreens - Alexandria, VA | | | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | | | | |
4 | Riverworks | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(90),O(5) | 0 | 0 |
5 | 1000 Windward Concourse | 120 | 119 | 72 | 71 | 360 | 360 | 1 | L(25),D(92),O(3) | 0 | 0 |
6 | Starwood Hotel Portfolio | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(11),GRTR 1% or YM(16),GRTR 1% or YM or D(86),O(7) | 0 | 0 |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | | | | |
6.12 | Courtyard Norman | | | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | | | | |
7 | Franklin Towne Center | 118 | 118 | 0 | 0 | 264 | 264 | 0 | L(24),D(90),O(4) | 0 | 0 |
8 | Christiana Mall | 120 | 116 | 120 | 116 | 0 | 0 | 4 | L(28),D(85),O(7) | 0, 1 grace period of 1 day once every 12 month period | 0 |
9 | Bella at Norcross | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),D(89),O(7) | 0 - Two time grace period of 5 days; no more than 1 grace period every 12 months. | 0 |
10 | 1600 Terrell Mill Road | 120 | 120 | 24 | 24 | 360 | 360 | 0 | L(24),D(93),O(3) | 0 | 0 |
11 | Memphis Industrial Portfolio | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(93),O(3) | 5 | 5 |
11.01 | Wolf Lake | | | | | | | | | | |
11.02 | Stage Hills | | | | | | | | | | |
12 | Prudential - Digital Realty Portfolio | 60 | 58 | 60 | 58 | 0 | 0 | 2 | L(26),GRTR 1% or YM or D(27),O(7) | 0 | 0 |
12.01 | 14901 FAA Boulevard | | | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | | | | |
13 | California Mixed Use Portfolio | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 |
13.01 | Daytona RV & Boat Storage | | | | | | | | | | |
13.02 | Daytona Business Park | | | | | | | | | | |
13.03 | Absolute Self Storage | | | | | | | | | | |
14 | Danbury Commerce Portfolio | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 0 |
14.01 | Delaware Commerce Park | | | | | | | | | | |
14.02 | 34 Executive Drive | | | | | | | | | | |
15 | 35 Claver Place | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(92),O(3) | 5 | 5 |
16 | Aventura Mall | 120 | 115 | 120 | 115 | 0 | 0 | 5 | L(29),D(84),O(7) | 0 | 0 |
17 | H Inc. Multifamily Portfolio | 120 | 112 | 0 | 0 | 360 | 352 | 8 | L(32),D(85),O(3) | 5 | 5 |
17.01 | Motor Wheel Lofts | | | | | | | | | | |
17.02 | JI Case Lofts | | | | | | | | | | |
18 | Waterford Tulsa Apartments | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
19 | Lakeside Pointe & Fox Club Apartments | 120 | 119 | 48 | 47 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
19.01 | Lakeside Pointe at Nora | | | | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | 120 | 117 | 24 | 21 | 360 | 360 | 3 | L(27),D(89),O(4) | 0 | 0 |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | | | | |
21 | Home Depot Technology Center | 84 | 83 | 84 | 83 | 0 | 0 | 1 | L(25),D(52),O(7) | 0 | 0 |
22 | Hampton Inn & Suites - Vineland | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | 0 | 0 |
23 | The Tannery | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | 0 | 0 |
24 | Vernon Industrial | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) | 0 | 0 |
25 | Liberty Portfolio | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(91),O(3) | 0 | 5 |
25.01 | Liberty Center at Rio Salado | | | | | | | | | | |
25.02 | 8501 East Raintree Drive | | | | | | | | | | |
26 | Argenta Flats | 120 | 120 | 24 | 24 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 |
27 | Century Town Center | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
28 | Home2 Suites - Franklin Cool Springs | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 |
29 | Kennedy Road Marketplace | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),D(93),O(3) | 0 | 0 |
30 | 1400 Flat Gap Road | 84 | 83 | 24 | 23 | 360 | 360 | 1 | L(25),D(55),O(4) | 0 | 0 |
31 | Fair Oaks Mall | 60 | 53 | 0 | 0 | 360 | 353 | 7 | L(31),D(25),O(4) | 0 | 0 |
32 | Norriton Medical Center | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) | 0 | 0 |
33 | Hampton Inn & Suites McKinney | 120 | 119 | 0 | 0 | 300 | 299 | 1 | L(25),D(91),O(4) | 5 | 5 |
34 | Kaden Tower | 120 | 120 | 20 | 20 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 |
35 | Buellton Self Storage | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 0 |
36 | Hampton Inn & Suites - Sterling Heights | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 5 | 5 |
37 | Heartland Village Apartments | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
38 | CLC Self Storage Portfolio | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
38.01 | Kangaroo II Self-Storage | | | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | | | | |
39 | 33 Dart Road | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(88),O(7) | 0 | 0 |
40 | Condor Self Storage of Ojai | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 0 |
41 | 225 Carolina | 120 | 119 | 48 | 47 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
42 | Fairmont Crossing | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),GRTR 1% or YM(92),O(4) | 0 | 0 |
43 | Infinite Self Storage | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 0 |
44 | Willow Ridge | 120 | 118 | 30 | 28 | 360 | 360 | 2 | L(26),D(90),O(4) | 0 | 0 |
45 | New London Square | 120 | 119 | 12 | 11 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
46 | Walgreens - Georgetown, TX | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 0 |
47 | Paso Robles Self Storage | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) | 0 | 0 |
48 | Cartwright Pointe Plaza | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 |
49 | Safeway - Port Angeles | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 0 |
50 | 2011 & 2015 Abrams Road | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),D(92),O(4) | 0 | 0 |
51 | Heron Lakes Apartments | 120 | 115 | 0 | 0 | 300 | 295 | 5 | L(29),D(89),O(2) | 5 | 5 |
52 | Rochester Square Shopping Center | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Appraised Value ($)(5) | Appraisal Date | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Units | Coop - Sponsor Carry | Coop - Committed Secondary Debt | U/W NOI DSCR (x)(7)(13) | U/W NCF DSCR (x)(7)(13) | Cut-off Date LTV Ratio(5)(7)(13) | LTV Ratio at Maturity or ARD(5)(7)(13) | Cut-off Date U/W NOI Debt Yield(7)(13) |
1 | Miami Industrial Portfolio | 104,400,000 | 10/15/2018 | | | | | | | | | 1.95 | 1.77 | 63.3% | 63.3% | 9.9% |
2 | Sheraton Grand Nashville Downtown | 276,500,000 | 9/13/2018 | | | | | | | | | 2.72 | 2.48 | 57.9% | 57.9% | 13.9% |
3 | Walgreens - Ginsberg Portfolio | 56,905,000 | Various | | | | | | | | | 1.26 | 1.26 | 70.3% | 58.3% | 8.4% |
3.01 | Walgreens - Alexandria, VA | 13,000,000 | 10/18/2018 | | | | | | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | 9,825,000 | 10/21/2018 | | | | | | | | | | | | | |
3.03 | Walgreens - Burlington, NC | 9,080,000 | 10/11/2018 | | | | | | | | | | | | | |
3.04 | Walgreens - Franklin, MA | 8,200,000 | 10/11/2018 | | | | | | | | | | | | | |
3.05 | Walgreens - Chester, MD | 8,900,000 | 10/18/2018 | | | | | | | | | | | | | |
3.06 | Walgreens - Laredo, TX | 7,900,000 | 10/15/2018 | | | | | | | | | | | | | |
4 | Riverworks | 64,400,000 | 9/19/2018 | | | | | | | | | 2.16 | 2.02 | 51.2% | 51.2% | 10.6% |
5 | 1000 Windward Concourse | 48,000,000 | 9/11/2018 | | | | | | | | | 1.82 | 1.66 | 63.5% | 59.7% | 11.7% |
6 | Starwood Hotel Portfolio | 401,000,000 | Various | | | | | | | | | 2.40 | 2.07 | 66.1% | 66.1% | 12.5% |
6.01 | Renaissance St. Louis Airport Hotel | 50,100,000 | 7/2/2018 | | | | | | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | 33,600,000 | 7/6/2018 | | | | | | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | 31,800,000 | 7/12/2018 | | | | | | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | 29,700,000 | 7/9/2018 | | | | | | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | 22,600,000 | 7/10/2018 | | | | | | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | 21,000,000 | 7/2/2018 | | | | | | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | 19,300,000 | 7/9/2018 | | | | | | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | 17,300,000 | 7/9/2018 | | | | | | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | 16,900,000 | 7/8/2018 | | | | | | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | 15,500,000 | 7/9/2018 | | | | | | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | 13,500,000 | 7/3/2018 | | | | | | | | | | | | | |
6.12 | Courtyard Norman | 11,600,000 | 7/2/2018 | | | | | | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | 11,100,000 | 7/3/2018 | | | | | | | | | | | | | |
6.14 | Courtyard Salisbury | 10,700,000 | 7/6/2018 | | | | | | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | 10,600,000 | 7/12/2018 | | | | | | | | | | | | | |
6.16 | Residence Inn Rocky Mount | 10,600,000 | 7/11/2018 | | | | | | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | 10,100,000 | 7/3/2018 | | | | | | | | | | | | | |
6.18 | Residence Inn Salisbury | 10,000,000 | 7/11/2018 | | | | | | | | | | | | | |
6.19 | Courtyard Rocky Mount | 8,100,000 | 7/11/2018 | | | | | | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | 8,000,000 | 7/3/2018 | | | | | | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | 8,000,000 | 7/3/2018 | | | | | | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | 7,600,000 | 7/2/2018 | | | | | | | | | | | | | |
7 | Franklin Towne Center | 47,800,000 | 9/18/2018 | | | | | | | | | 1.61 | 1.57 | 60.7% | 42.6% | 12.5% |
8 | Christiana Mall | 1,040,000,000 | 6/5/2018 | | | | | | | | | 3.19 | 3.15 | 32.5% | 32.5% | 13.8% |
9 | Bella at Norcross | 42,000,000 | 10/18/2018 | | | | | | | | | 1.35 | 1.30 | 64.3% | 59.8% | 9.2% |
10 | 1600 Terrell Mill Road | 40,000,000 | 10/23/2018 | | | | | | | | | 1.49 | 1.30 | 65.0% | 56.7% | 10.0% |
11 | Memphis Industrial Portfolio | 43,000,000 | 10/15/2018 | | | | | | | | | 1.68 | 1.40 | 59.5% | 49.7% | 11.4% |
11.01 | Wolf Lake | 21,800,000 | 10/15/2018 | | | | | | | | | | | | | |
11.02 | Stage Hills | 21,200,000 | 10/15/2018 | | | | | | | | | | | | | |
12 | Prudential - Digital Realty Portfolio | 387,600,000 | Various | | | | | | | | | 2.57 | 2.50 | 54.7% | 54.7% | 11.9% |
12.01 | 14901 FAA Boulevard | 78,300,000 | 7/13/2018 | | | | | | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | 68,400,000 | 7/6/2018 | | | | | | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | 55,300,000 | 7/16/2018 | | | | | | | | | | | | | |
12.04 | 636 Pierce Street | 45,800,000 | 7/12/2018 | | | | | | | | | | | | | |
12.05 | 21551 Beaumeade Circle | 41,300,000 | 7/6/2018 | | | | | | | | | | | | | |
12.06 | 7505 Mason King Court | 35,900,000 | 7/10/2018 | | | | | | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | 34,900,000 | 7/6/2018 | | | | | | | | | | | | | |
12.08 | 444 Toyama Drive | 27,700,000 | 7/6/2018 | | | | | | | | | | | | | |
13 | California Mixed Use Portfolio | 39,700,000 | 10/10/2018 | | | | | | | | | 1.49 | 1.39 | 62.5% | 51.7% | 9.8% |
13.01 | Daytona RV & Boat Storage | 20,400,000 | 10/10/2018 | | | | | | | | | | | | | |
13.02 | Daytona Business Park | 11,500,000 | 10/10/2018 | | | | | | | | | | | | | |
13.03 | Absolute Self Storage | 7,800,000 | 10/10/2018 | | | | | | | | | | | | | |
14 | Danbury Commerce Portfolio | 61,100,000 | 8/1/2018 | | | | | | | | | 1.55 | 1.48 | 62.2% | 62.2% | 9.0% |
14.01 | Delaware Commerce Park | 50,500,000 | 8/1/2018 | | | | | | | | | | | | | |
14.02 | 34 Executive Drive | 10,600,000 | 8/1/2018 | | | | | | | | | | | | | |
15 | 35 Claver Place | 32,000,000 | 10/14/2018 | | | | | | | | | 1.36 | 1.35 | 66.7% | 66.7% | 7.3% |
16 | Aventura Mall | 3,450,000,000 | 4/16/2018 | | | | | | | | | 2.63 | 2.58 | 40.8% | 40.8% | 11.0% |
17 | H Inc. Multifamily Portfolio | 27,860,000 | 10/29/2018 | | | | | | | | | 1.28 | 1.25 | 68.3% | 56.9% | 8.4% |
17.01 | Motor Wheel Lofts | 23,400,000 | 10/29/2018 | | | | | | | | | | | | | |
17.02 | JI Case Lofts | 4,460,000 | 10/29/2018 | | | | | | | | | | | | | |
18 | Waterford Tulsa Apartments | 24,300,000 | 8/30/2018 | | | | | | | | | 1.42 | 1.34 | 72.6% | 67.3% | 9.6% |
19 | Lakeside Pointe & Fox Club Apartments | 48,700,000 | 5/18/2018 | | | | | | | | | 1.42 | 1.30 | 65.7% | 60.4% | 10.2% |
19.01 | Lakeside Pointe at Nora | 32,900,000 | 5/18/2018 | | | | | | | | | | | | | |
19.02 | Fox Club Apartments | 15,800,000 | 5/18/2018 | | | | | | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | 130,400,000 | Various | | | | | | | | | 2.05 | 1.84 | 69.0% | 59.6% | 13.1% |
20.01 | Hilton Virginia Beach Oceanfront | 84,800,000 | 7/23/2018 | | | | | | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | 45,600,000 | 8/1/2019 | | | | | | | | | | | | | |
21 | Home Depot Technology Center | 66,600,000 | 8/31/2018 | | | | | | | | | 1.83 | 1.77 | 66.5% | 66.5% | 9.3% |
22 | Hampton Inn & Suites - Vineland | 21,000,000 | 8/1/2018 | | | | | | | | | 2.04 | 1.85 | 67.0% | 56.9% | 14.7% |
23 | The Tannery | 18,900,000 | 7/30/2018 | | | | | | | | | 1.56 | 1.47 | 70.0% | 58.1% | 10.3% |
24 | Vernon Industrial | 25,000,000 | 11/1/2018 | | | | | | | | | 2.04 | 1.97 | 52.0% | 52.0% | 10.4% |
25 | Liberty Portfolio | 256,700,000 | Various | | | | | | | | | 1.89 | 1.77 | 64.6% | 64.6% | 9.1% |
25.01 | Liberty Center at Rio Salado | 212,910,000 | 8/22/2018 | | | | | | | | | | | | | |
25.02 | 8501 East Raintree Drive | 43,790,000 | 8/24/2018 | | | | | | | | | | | | | |
26 | Argenta Flats | 19,000,000 | 10/5/2018 | | | | | | | | | 1.32 | 1.28 | 62.6% | 54.8% | 9.0% |
27 | Century Town Center | 18,000,000 | 9/5/2018 | | | | | | | | | 1.80 | 1.65 | 66.1% | 61.0% | 11.7% |
28 | Home2 Suites - Franklin Cool Springs | 17,200,000 | 10/9/2018 | | | | | | | | | 1.87 | 1.68 | 69.2% | 57.1% | 12.2% |
29 | Kennedy Road Marketplace | 16,600,000 | 10/10/2018 | | | | | | | | | 1.49 | 1.47 | 59.6% | 54.5% | 9.9% |
30 | 1400 Flat Gap Road | 20,550,000 | 10/31/2018 | | | | | | | | | 2.18 | 1.96 | 49.9% | 46.1% | 14.2% |
31 | Fair Oaks Mall | 545,600,000 | 2/3/2018 | | | | | | | | | 3.04 | 2.89 | 31.8% | 29.7% | 17.2% |
32 | Norriton Medical Center | 13,400,000 | 9/28/2018 | | | | | | | | | 2.34 | 2.22 | 64.9% | 64.9% | 12.2% |
33 | Hampton Inn & Suites McKinney | 11,300,000 | 05/01/2018 | | | | | | | | | 1.77 | 1.60 | 69.6% | 53.5% | 13.4% |
34 | Kaden Tower | 10,300,000 | 10/23/2018 | | | | | | | | | 1.70 | 1.50 | 74.3% | 64.7% | 11.7% |
35 | Buellton Self Storage | 13,400,000 | 9/20/2018 | | | | | | | | | 2.16 | 2.13 | 56.0% | 56.0% | 11.0% |
36 | Hampton Inn & Suites - Sterling Heights | 12,900,000 | 1/01/2019 | | | | | | | | | 1.95 | 1.74 | 58.1% | 48.9% | 13.6% |
37 | Heartland Village Apartments | 9,900,000 | 9/27/2018 | | | | | | | | | 1.50 | 1.40 | 70.1% | 63.0% | 10.5% |
38 | CLC Self Storage Portfolio | 9,480,000 | Various | | | | | | | | | 1.38 | 1.35 | 70.7% | 63.4% | 9.5% |
38.01 | Kangaroo II Self-Storage | 5,100,000 | 9/26/2018 | | | | | | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | 3,270,000 | 10/2/2018 | | | | | | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | 1,110,000 | 10/2/2018 | | | | | | | | | | | | | |
39 | 33 Dart Road | 11,600,000 | 9/21/2018 | | | | | | | | | 2.16 | 2.05 | 56.9% | 56.9% | 10.7% |
40 | Condor Self Storage of Ojai | 12,100,000 | 9/20/2018 | | | | | | | | | 2.34 | 2.31 | 49.6% | 49.6% | 11.9% |
41 | 225 Carolina | 8,500,000 | 10/4/2018 | | | | | | | | | 1.60 | 1.49 | 70.6% | 64.0% | 10.5% |
42 | Fairmont Crossing | 9,840,000 | 9/24/2018 | | | | | | | | | 1.66 | 1.57 | 60.0% | 55.5% | 11.0% |
43 | Infinite Self Storage | 8,900,000 | 9/21/2018 | | | | | | | | | 1.71 | 1.68 | 64.6% | 64.6% | 9.6% |
44 | Willow Ridge | 10,620,000 | 9/6/2018 | | | | | | | | | 1.94 | 1.80 | 53.5% | 47.1% | 12.8% |
45 | New London Square | 7,500,000 | 9/26/2018 | | | | | | | | | 1.91 | 1.78 | 67.7% | 57.7% | 12.8% |
46 | Walgreens - Georgetown, TX | 6,850,000 | 9/10/2018 | | | | | | | | | 1.57 | 1.56 | 63.5% | 63.5% | 8.5% |
47 | Paso Robles Self Storage | 11,000,000 | 9/21/2018 | | | | | | | | | 3.73 | 3.68 | 36.4% | 36.4% | 18.4% |
48 | Cartwright Pointe Plaza | 8,800,000 | 9/20/2018 | | | | | | | | | 2.87 | 2.70 | 45.0% | 36.8% | 18.1% |
49 | Safeway - Port Angeles | 6,500,000 | 9/10/2018 | | | | | | | | | 1.89 | 1.76 | 53.8% | 53.8% | 10.1% |
50 | 2011 & 2015 Abrams Road | 5,580,000 | 9/25/2018 | | | | | | | | | 1.72 | 1.68 | 55.6% | 55.6% | 9.6% |
51 | Heron Lakes Apartments | 3,550,000 | 04/19/2018 | | | | | | | | | 1.36 | 1.26 | 64.3% | 49.2% | 10.0% |
52 | Rochester Square Shopping Center | 2,575,000 | 8/9/2018 | | | | | | | | | 2.40 | 2.25 | 58.3% | 52.2% | 16.4% |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Cut-off Date U/W NCF Debt Yield(7)(13) | U/W Revenues ($)(6) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($)(12) | U/W Net Cash Flow ($) | Occupancy Rate(2)(8) | Occupancy as-of Date | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period | Most Recent Revenues ($)(6) |
1 | Miami Industrial Portfolio | 8.9% | 8,353,124 | 1,829,524 | 6,523,600 | 149,119 | 468,629 | 5,905,852 | 89.4% | 10/31/2018 | | | TTM 9/30/2018 | 8,257,666 |
2 | Sheraton Grand Nashville Downtown | 12.6% | 49,212,571 | 27,006,315 | 22,206,255 | 1,968,503 | 0 | 20,237,752 | 79.8% | 8/31/2018 | 236 | 189 | TTM 8/31/2018 | 49,212,571 |
3 | Walgreens - Ginsberg Portfolio | 8.4% | 3,351,000 | 0 | 3,351,000 | 0 | 0 | 3,351,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 3,351,000 |
3.01 | Walgreens - Alexandria, VA | | 780,000 | 0 | 780,000 | 0 | 0 | 780,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 780,000 |
3.02 | Walgreens - Atlanta, GA | | 565,000 | 0 | 565,000 | 0 | 0 | 565,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 565,000 |
3.03 | Walgreens - Burlington, NC | | 545,000 | 0 | 545,000 | 0 | 0 | 545,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 545,000 |
3.04 | Walgreens - Franklin, MA | | 515,000 | 0 | 515,000 | 0 | 0 | 515,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 515,000 |
3.05 | Walgreens - Chester, MD | | 510,000 | 0 | 510,000 | 0 | 0 | 510,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 510,000 |
3.06 | Walgreens - Laredo, TX | | 436,000 | 0 | 436,000 | 0 | 0 | 436,000 | 100.0% | 12/1/2018 | | | Actual 2017 | 436,000 |
4 | Riverworks | 9.9% | 6,361,090 | 2,847,258 | 3,513,832 | 30,213 | 201,417 | 3,282,203 | 96.3% | 9/27/2018 | | | TTM 8/31/2018 | 5,463,154 |
5 | 1000 Windward Concourse | 10.7% | 5,312,875 | 1,746,183 | 3,566,691 | 52,124 | 251,425 | 3,263,142 | 96.8% | 10/12/2018 | | | TTM 8/31/2018 | 5,109,576 |
6 | Starwood Hotel Portfolio | 10.8% | 106,614,582 | 73,391,622 | 33,222,960 | 4,564,469 | 0 | 28,658,491 | 72.5% | 5/31/2018 | 120 | 87 | TTM 5/31/2018 | 94,707,559 |
6.01 | Renaissance St. Louis Airport Hotel | | 18,340,705 | 13,943,902 | 4,396,803 | 916,666 | 0 | 3,480,137 | 70.5% | 5/31/2018 | 125 | 88 | TTM 5/31/2018 | 18,340,705 |
6.02 | Renaissance Des Moines Savery Hotel | | 11,907,023 | 8,638,437 | 3,268,586 | 595,351 | 0 | 2,673,235 | 0.0% | 5/31/2018 | 171 | 111 | NAV | NAV |
6.03 | Residence Inn St. Louis Downtown | | 7,220,742 | 4,549,955 | 2,670,787 | 288,830 | 0 | 2,381,957 | 75.5% | 5/31/2018 | 135 | 102 | TTM 5/31/2018 | 7,220,742 |
6.04 | Doubletree Hotel West Palm Beach Airport | | 7,865,081 | 4,534,282 | 3,330,799 | 314,502 | 0 | 3,016,297 | 87.7% | 5/31/2018 | 129 | 113 | TTM 5/31/2018 | 7,865,081 |
6.05 | Courtyard Gulfport Beachfront | | 5,008,785 | 3,381,853 | 1,626,932 | 198,385 | 0 | 1,428,547 | 65.7% | 5/31/2018 | 118 | 77 | TTM 5/31/2018 | 5,008,785 |
6.06 | Fairfield Inn Atlanta Downtown | | 6,033,534 | 4,378,312 | 1,655,222 | 241,387 | 0 | 1,413,835 | 69.5% | 5/31/2018 | 138 | 96 | TTM 5/31/2018 | 6,033,534 |
6.07 | Hotel Indigo Chicago Vernon Hills | | 3,994,581 | 2,543,167 | 1,451,414 | 159,778 | 0 | 1,291,636 | 68.4% | 5/31/2018 | 117 | 80 | TTM 5/31/2018 | 3,994,581 |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | 4,168,157 | 2,568,997 | 1,599,160 | 166,653 | 0 | 1,432,507 | 70.8% | 5/31/2018 | 122 | 86 | TTM 5/31/2018 | 4,168,157 |
6.09 | Holiday Inn & Suites Green Bay Stadium | | 3,999,663 | 2,524,693 | 1,474,970 | 159,999 | 0 | 1,314,971 | 72.1% | 5/31/2018 | 117 | 84 | TTM 5/31/2018 | 3,999,663 |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | 3,966,386 | 2,584,454 | 1,381,932 | 158,653 | 0 | 1,223,279 | 77.5% | 5/31/2018 | 105 | 82 | TTM 5/31/2018 | 3,966,386 |
6.11 | Hilton Garden Inn Wichita | | 4,029,691 | 2,670,325 | 1,359,366 | 161,186 | 0 | 1,198,180 | 78.5% | 5/31/2018 | 127 | 100 | TTM 5/31/2018 | 4,029,691 |
6.12 | Courtyard Norman | | 2,858,581 | 1,916,415 | 942,166 | 114,343 | 0 | 827,823 | 65.4% | 5/31/2018 | 99 | 65 | TTM 5/31/2018 | 2,858,581 |
6.13 | Springhill Suites Scranton Wilkes Barre | | 2,982,337 | 2,033,991 | 948,346 | 119,294 | 0 | 829,052 | 73.9% | 5/31/2018 | 107 | 79 | TTM 5/31/2018 | 2,982,337 |
6.14 | Courtyard Salisbury | | 2,904,462 | 2,152,022 | 752,440 | 116,084 | 0 | 636,356 | 66.1% | 5/31/2018 | 109 | 72 | TTM 5/31/2018 | 2,904,462 |
6.15 | Homewood Suites St. Louis Riverport Airport West | | 3,358,281 | 2,561,956 | 796,325 | 134,315 | 0 | 662,010 | 76.3% | 5/31/2018 | 115 | 88 | TTM 5/31/2018 | 3,358,281 |
6.16 | Residence Inn Rocky Mount | | 2,390,947 | 1,511,088 | 879,859 | 95,637 | 0 | 784,222 | 72.7% | 5/31/2018 | 111 | 81 | TTM 5/31/2018 | 2,390,947 |
6.17 | Hampton Inn and Suites Wichita Northeast | | 3,049,146 | 2,028,476 | 1,020,670 | 121,966 | 0 | 898,704 | 72.1% | 5/31/2018 | 112 | 81 | TTM 5/31/2018 | 3,049,146 |
6.18 | Residence Inn Salisbury | | 2,434,461 | 1,751,456 | 683,005 | 97,346 | 0 | 585,659 | 77.0% | 5/31/2018 | 102 | 78 | TTM 5/31/2018 | 2,434,461 |
6.19 | Courtyard Rocky Mount | | 2,491,710 | 1,777,298 | 714,412 | 99,685 | 0 | 614,727 | 67.6% | 5/31/2018 | 102 | 69 | TTM 5/31/2018 | 2,491,710 |
6.20 | Springhill Suites Wichita East at Plazzio | | 2,522,354 | 1,792,831 | 729,523 | 100,894 | 0 | 628,629 | 69.1% | 5/31/2018 | 96 | 67 | TTM 5/31/2018 | 2,522,354 |
6.21 | Residence Inn Wichita East at Plazzio | | 2,672,364 | 1,829,038 | 843,326 | 106,904 | 0 | 736,422 | 73.3% | 5/31/2018 | 105 | 77 | TTM 5/31/2018 | 2,672,364 |
6.22 | Hampton Inn Oklahoma City Northwest | | 2,415,590 | 1,718,674 | 696,916 | 96,612 | 0 | 600,304 | 70.3% | 5/31/2018 | 96 | 68 | TTM 5/31/2018 | 2,415,590 |
7 | Franklin Towne Center | 12.2% | 3,758,236 | 131,538 | 3,626,698 | 20,755 | 69,182 | 3,536,761 | 100.0% | 12/1/2018 | | | TTM 9/30/2018 | 3,505,155 |
8 | Christiana Mall | 13.6% | 56,260,022 | 9,514,932 | 46,745,090 | 106,754 | 533,772 | 46,104,564 | 98.3% | 5/31/2018 | | | TTM 5/31/2018 | 54,029,729 |
9 | Bella at Norcross | 8.9% | 3,919,238 | 1,432,725 | 2,486,513 | 79,500 | 0 | 2,407,013 | 95.6% | 9/24/2018 | | | TTM 9/30/2018 | 3,735,980 |
10 | 1600 Terrell Mill Road | 8.7% | 3,668,419 | 1,078,701 | 2,589,718 | 50,342 | 276,863 | 2,262,513 | 100.0% | 11/20/2018 | | | TTM 9/30/2018 | 3,480,528 |
11 | Memphis Industrial Portfolio | 9.5% | 3,992,373 | 1,074,797 | 2,917,576 | 93,590 | 393,399 | 2,430,587 | 92.6% | 11/19/2018 | | | TTM 9/30/2018 | 3,979,098 |
11.01 | Wolf Lake | | 1,996,444 | 513,742 | 1,482,701 | 45,935 | 192,478 | 1,244,288 | 97.9% | 11/19/2018 | | | TTM 9/30/2018 | 2,076,227 |
11.02 | Stage Hills | | 1,995,929 | 561,054 | 1,434,874 | 47,655 | 200,920 | 1,186,299 | 87.5% | 11/19/2018 | | | TTM 9/30/2018 | 1,902,871 |
12 | Prudential - Digital Realty Portfolio | 11.6% | 31,435,055 | 6,299,432 | 25,135,623 | 104,293 | 521,468 | 24,509,864 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 31,618,047 |
12.01 | 14901 FAA Boulevard | | 6,943,289 | 1,382,801 | 5,560,488 | 26,370 | 131,850 | 5,402,268 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 7,133,471 |
12.02 | 4650 Old Ironsides Drive | | 5,060,414 | 953,393 | 4,107,021 | 12,438 | 62,192 | 4,032,392 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 5,087,368 |
12.03 | 43790 Devin Shafron Drive | | 4,522,473 | 894,539 | 3,627,934 | 15,214 | 76,069 | 3,536,651 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 4,550,004 |
12.04 | 636 Pierce Street | | 4,032,195 | 865,060 | 3,167,135 | 10,834 | 54,168 | 3,102,133 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 3,954,626 |
12.05 | 21551 Beaumeade Circle | | 2,929,347 | 649,316 | 2,280,031 | 15,250 | 76,252 | 2,188,529 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 2,979,280 |
12.06 | 7505 Mason King Court | | 2,388,210 | 249,024 | 2,139,186 | 10,965 | 54,825 | 2,073,396 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 2,335,365 |
12.07 | 4700 Old Ironsides Drive | | 2,800,993 | 689,249 | 2,111,744 | 9,014 | 45,070 | 2,057,661 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 2,821,605 |
12.08 | 444 Toyama Drive | | 2,758,134 | 616,050 | 2,142,084 | 4,208 | 21,042 | 2,116,835 | 100.0% | 12/6/2018 | | | TTM 6/30/2018 | 2,756,328 |
13 | California Mixed Use Portfolio | 9.2% | 3,614,462 | 1,186,005 | 2,428,457 | 60,700 | 94,453 | 2,273,303 | 93.8% | Various | | | TTM 9/30/2018 | 3,547,350 |
13.01 | Daytona RV & Boat Storage | | 1,786,225 | 438,726 | 1,347,499 | 32,262 | 0 | 1,315,237 | 98.3% | 10/8/2018 | | | TTM 9/30/2018 | 1,729,781 |
13.02 | Daytona Business Park | | 1,041,442 | 437,272 | 604,170 | 19,916 | 94,453 | 489,801 | 85.1% | 9/30/2018 | | | TTM 9/30/2018 | 1,054,877 |
13.03 | Absolute Self Storage | | 786,794 | 310,007 | 476,788 | 8,522 | 0 | 468,265 | 97.1% | 10/8/2018 | | | TTM 9/30/2018 | 762,693 |
14 | Danbury Commerce Portfolio | 8.6% | 4,731,872 | 1,312,233 | 3,419,639 | 46,871 | 100,122 | 3,272,646 | 100.0% | Various | | | Annualized 6 6/30/2018 | 4,401,930 |
14.01 | Delaware Commerce Park | | 3,803,601 | 1,087,039 | 2,716,562 | 37,983 | 79,042 | 2,599,538 | 100.0% | 5/1/2018 | | | Annualized 6 6/30/2018 | 3,508,272 |
14.02 | 34 Executive Drive | | 928,271 | 225,194 | 703,077 | 8,888 | 21,081 | 673,108 | 100.0% | 7/1/2018 | | | Annualized 6 6/30/2018 | 893,658 |
15 | 35 Claver Place | 7.3% | 1,806,615 | 243,195 | 1,563,420 | 11,000 | 0 | 1,552,420 | 97.7% | 10/31/2018 | | | NAV | NAV |
16 | Aventura Mall | 10.8% | 185,479,647 | 30,620,668 | 154,858,979 | 243,502 | 3,043,770 | 151,571,708 | 92.8% | 2/14/2018 | | | TTM 3/31/2018 | 149,776,330 |
17 | H Inc. Multifamily Portfolio | 8.2% | 2,380,708 | 777,922 | 1,602,786 | 35,000 | 0 | 1,567,786 | 92.9% | 11/02/2018 | | | TTM 10/11/2018 | 2,344,290 |
17.01 | Motor Wheel Lofts | | 2,033,583 | 675,580 | 1,358,003 | 29,750 | 0 | 1,328,253 | 93.3% | 11/02/2018 | | | TTM 10/11/2018 | 2,002,823 |
17.02 | JI Case Lofts | | 347,125 | 102,342 | 244,784 | 5,250 | 0 | 239,534 | 90.5% | 11/02/2018 | | | TTM 10/11/2018 | 341,468 |
18 | Waterford Tulsa Apartments | 9.1% | 2,847,677 | 1,159,106 | 1,688,571 | 86,000 | 0 | 1,602,571 | 96.5% | 10/5/2018 | | | TTM 9/30/2018 | 2,731,657 |
19 | Lakeside Pointe & Fox Club Apartments | 9.3% | 6,602,346 | 3,337,829 | 3,264,517 | 275,100 | 0 | 2,989,417 | 93.2% | 10/3/2018 | | | TTM 8/31/2018 | 6,404,672 |
19.01 | Lakeside Pointe at Nora | | 4,046,300 | 1,854,753 | 2,191,547 | 174,636 | 0 | 2,016,911 | 92.9% | 10/3/2018 | | | TTM 8/31/2018 | 3,915,109 |
19.02 | Fox Club Apartments | | 2,556,046 | 1,483,076 | 1,072,970 | 100,464 | 0 | 972,506 | 93.8% | 10/3/2018 | | | TTM 8/31/2018 | 2,489,563 |
20 | Virginia Beach Hotel Portfolio | 11.8% | 30,113,592 | 18,324,515 | 11,789,077 | 1,204,544 | 0 | 10,584,533 | 76.0% | 5/31/2018 | 206 | 150 | TTM 5/31/2018 | 30,066,599 |
20.01 | Hilton Virginia Beach Oceanfront | | 20,016,328 | 12,352,214 | 7,664,114 | 800,653 | 0 | 6,863,461 | 75.7% | 5/31/2018 | 214 | 152 | TTM 5/31/2018 | 19,969,335 |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | 10,097,264 | 5,972,301 | 4,124,963 | 403,891 | 0 | 3,721,073 | 76.6% | 5/31/2018 | 192 | 147 | TTM 5/31/2018 | 10,097,264 |
21 | Home Depot Technology Center | 9.0% | 5,857,123 | 1,737,924 | 4,119,198 | 69,500 | 66,325 | 3,983,373 | 100.0% | 10/14/2018 | | | TTM 8/31/2018 | 5,618,072 |
22 | Hampton Inn & Suites - Vineland | 13.3% | 4,712,609 | 2,648,373 | 2,064,236 | 188,504 | 0 | 1,875,732 | 79.2% | 6/30/2018 | 119 | 94 | TTM 6/30/2018 | 4,712,609 |
23 | The Tannery | 9.7% | 1,730,628 | 363,532 | 1,367,095 | 13,071 | 65,355 | 1,288,669 | 100.0% | 9/8/2018 | | | TTM 6/30/2018 | 1,118,714 |
24 | Vernon Industrial | 10.0% | 1,709,010 | 363,244 | 1,345,765 | 7,365 | 36,825 | 1,301,575 | 100.0% | 11/1/2018 | | | TTM 6/30/2018 | 1,013,551 |
25 | Liberty Portfolio | 8.5% | 19,169,391 | 4,059,580 | 15,109,811 | 161,149 | 818,643 | 14,130,018 | 100.0% | Various | | | Annualized 7 7/31/2018 | 17,361,723 |
25.01 | Liberty Center at Rio Salado | | 16,209,889 | 3,419,672 | 12,790,217 | 136,481 | 691,036 | 11,962,700 | 100.0% | 5/31/2018 | | | Annualized 7 7/31/2018 | 14,474,784 |
25.02 | 8501 East Raintree Drive | | 2,959,502 | 639,908 | 2,319,594 | 24,668 | 127,607 | 2,167,319 | 100.0% | 12/1/2018 | | | Annualized 7 7/31/2018 | 2,886,939 |
26 | Argenta Flats | 8.7% | 1,792,253 | 723,886 | 1,068,367 | 32,000 | 0 | 1,036,367 | 97.5% | 10/24/2018 | | | TTM 9/30/2018 | 1,589,478 |
27 | Century Town Center | 10.6% | 1,962,578 | 576,223 | 1,386,355 | 19,911 | 99,553 | 1,266,891 | 94.5% | 8/17/2018 | | | TTM 8/31/2018 | 1,732,853 |
28 | Home2 Suites - Franklin Cool Springs | 11.0% | 3,675,556 | 2,224,507 | 1,451,049 | 147,022 | 0 | 1,304,027 | 73.8% | 9/30/2018 | 128 | 95 | TTM 9/30/2018 | 3,675,556 |
29 | Kennedy Road Marketplace | 9.7% | 1,408,063 | 430,206 | 977,857 | 12,941 | 0 | 964,916 | 93.8% | 10/1/2018 | | | TTM 9/30/2018 | 1,168,725 |
30 | 1400 Flat Gap Road | 12.8% | 1,504,619 | 45,139 | 1,459,481 | 48,598 | 102,979 | 1,307,904 | 100.0% | 12/1/2018 | | | NAV | NAV |
31 | Fair Oaks Mall | 16.3% | 45,095,362 | 15,187,457 | 29,907,905 | 144,930 | 1,364,911 | 28,398,064 | 91.6% | 2/1/2018 | | | Actual 2017 | 47,308,867 |
32 | Norriton Medical Center | 11.6% | 1,658,480 | 594,965 | 1,063,514 | 14,842 | 39,212 | 1,009,460 | 100.0% | 10/26/2018 | | | TTM 6/30/2018 | 1,426,268 |
33 | Hampton Inn & Suites McKinney | 12.0% | 2,615,963 | 1,563,948 | 1,052,015 | 104,639 | 0 | 947,376 | 86.2% | 8/31/2018 | 110 | 89 | TTM 8/31/2018 | 2,782,988 |
34 | Kaden Tower | 10.3% | 1,802,838 | 906,002 | 896,837 | 20,433 | 86,834 | 789,570 | 95.6% | 11/1/2018 | | | TTM 8/31/2018 | 1,838,361 |
35 | Buellton Self Storage | 10.8% | 1,289,670 | 467,472 | 822,199 | 11,980 | 0 | 810,219 | 84.1% | 10/1/2018 | | | TTM 9/30/2018 | 1,289,590 |
36 | Hampton Inn & Suites - Sterling Heights | 12.2% | 2,662,480 | 1,644,085 | 1,018,395 | 106,499 | 0 | 911,896 | 84.6% | 6/30/2018 | 120 | 94 | TTM 6/30/2018 | 2,854,228 |
37 | Heartland Village Apartments | 9.8% | 1,723,285 | 995,479 | 727,805 | 47,443 | 0 | 680,363 | 91.0% | 10/12/2018 | | | TTM 8/31/2018 | 1,639,387 |
38 | CLC Self Storage Portfolio | 9.3% | 1,061,145 | 423,764 | 637,381 | 14,426 | 0 | 622,955 | 88.0% | Various | | | Various | 1,003,805 |
38.01 | Kangaroo II Self-Storage | | 601,945 | 240,588 | 361,357 | 7,533 | 0 | 353,824 | 92.2% | 8/9/2018 | | | TTM 7/31/2018 | 529,297 |
38.02 | Apublix Self Storage - Sooner Road | | 326,743 | 129,431 | 197,312 | 5,358 | 0 | 191,954 | 79.3% | 8/8/2018 | | | TTM 6/30/2018 | 344,545 |
38.03 | Apublix Self Storage - 10th Street | | 132,457 | 53,745 | 78,712 | 1,535 | 0 | 77,177 | 95.4% | 8/8/2018 | | | TTM 6/30/2018 | 129,963 |
39 | 33 Dart Road | 10.2% | 804,835 | 96,448 | 708,387 | 10,488 | 24,941 | 672,958 | 100.0% | 12/1/2018 | | | TTM 8/31/2018 | 921,288 |
40 | Condor Self Storage of Ojai | 11.8% | 1,128,684 | 412,164 | 716,520 | 9,028 | 0 | 707,492 | 87.2% | 10/1/2018 | | | TTM 9/30/2018 | 1,129,017 |
41 | 225 Carolina | 9.7% | 922,540 | 294,133 | 628,407 | 4,051 | 40,507 | 583,849 | 100.0% | 10/10/2018 | | | Annualized 6 6/30/2018 | 774,508 |
42 | Fairmont Crossing | 10.4% | 958,021 | 308,129 | 649,893 | 4,367 | 33,729 | 611,797 | 93.9% | 11/13/2018 | | | TTM 10/31/2018 | 1,026,529 |
43 | Infinite Self Storage | 9.4% | 949,462 | 398,701 | 550,761 | 9,460 | 0 | 541,301 | 86.7% | 9/13/2018 | | | TTM 9/30/2018 | 918,892 |
44 | Willow Ridge | 11.9% | 1,581,170 | 852,568 | 728,602 | 52,750 | 0 | 675,852 | 99.1% | 9/26/2018 | | | TTM 7/31/2018 | 1,559,262 |
45 | New London Square | 11.9% | 895,163 | 246,981 | 648,182 | 8,905 | 35,807 | 603,471 | 84.7% | 10/31/2018 | | | TTM 8/31/2018 | 768,841 |
46 | Walgreens - Georgetown, TX | 8.4% | 380,611 | 11,418 | 369,193 | 2,964 | 0 | 366,229 | 100.0% | 12/6/2018 | | | NAV | NAV |
47 | Paso Robles Self Storage | 18.2% | 1,037,841 | 300,987 | 736,854 | 9,572 | 0 | 727,282 | 91.1% | 9/30/2018 | | | TTM 9/30/2018 | 1,007,807 |
48 | Cartwright Pointe Plaza | 17.0% | 961,002 | 245,184 | 715,818 | 7,373 | 34,189 | 674,257 | 95.3% | 11/1/2018 | | | TTM 8/31/2018 | 901,989 |
49 | Safeway - Port Angeles | 9.4% | 477,401 | 125,448 | 351,953 | 4,323 | 19,096 | 328,534 | 100.0% | 12/1/2018 | | | NAV | NAV |
50 | 2011 & 2015 Abrams Road | 9.4% | 376,842 | 79,384 | 297,458 | 836 | 6,272 | 290,350 | 100.0% | 9/18/2018 | | | TTM 7/31/2018 | 203,258 |
51 | Heron Lakes Apartments | 9.3% | 428,005 | 199,125 | 228,880 | 16,914 | 0 | 211,967 | 98.1% | 5/30/2018 | | | TTM 4/30/2018 | 414,345 |
52 | Rochester Square Shopping Center | 15.4% | 329,626 | 83,258 | 246,368 | 1,904 | 13,185 | 231,280 | 97.0% | 11/7/2018 | | | TTM 9/30/2018 | 381,161 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Capital Expenditures | Most Recent NCF ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period | Second Most Recent Revenues ($)(6) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent Capital Expenditures | Second Most Recent NCF ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR |
1 | Miami Industrial Portfolio | 1,729,424 | 6,528,242 | 0 | 6,528,242 | | | Actual 2017 | 8,046,400 | 1,727,175 | 6,319,225 | 0 | 6,319,225 | | |
2 | Sheraton Grand Nashville Downtown | 26,827,958 | 22,384,613 | 1,968,503 | 20,416,110 | 236 | 189 | Actual 2017 | 48,390,462 | 26,813,329 | 21,577,133 | 1,935,618 | 19,641,515 | 240 | 191 |
3 | Walgreens - Ginsberg Portfolio | 0 | 3,351,000 | 0 | 3,351,000 | | | Actual 2016 | 3,351,000 | 0 | 3,351,000 | 0 | 3,351,000 | | |
3.01 | Walgreens - Alexandria, VA | 0 | 780,000 | 0 | 780,000 | | | Actual 2016 | 780,000 | 0 | 780,000 | 0 | 780,000 | | |
3.02 | Walgreens - Atlanta, GA | 0 | 565,000 | 0 | 565,000 | | | Actual 2016 | 565,000 | 0 | 565,000 | 0 | 565,000 | | |
3.03 | Walgreens - Burlington, NC | 0 | 545,000 | 0 | 545,000 | | | Actual 2016 | 545,000 | 0 | 545,000 | 0 | 545,000 | | |
3.04 | Walgreens - Franklin, MA | 0 | 515,000 | 0 | 515,000 | | | Actual 2016 | 515,000 | 0 | 515,000 | 0 | 515,000 | | |
3.05 | Walgreens - Chester, MD | 0 | 510,000 | 0 | 510,000 | | | Actual 2016 | 510,000 | 0 | 510,000 | 0 | 510,000 | | |
3.06 | Walgreens - Laredo, TX | 0 | 436,000 | 0 | 436,000 | | | Actual 2016 | 436,000 | 0 | 436,000 | 0 | 436,000 | | |
4 | Riverworks | 2,717,734 | 2,745,420 | 0 | 2,745,420 | | | Actual 2017 | 5,427,630 | 2,711,178 | 2,716,452 | 0 | 2,716,452 | | |
5 | 1000 Windward Concourse | 1,617,544 | 3,492,031 | 0 | 3,492,031 | | | Actual 2017 | 4,671,009 | 1,590,477 | 3,080,532 | 0 | 3,080,532 | | |
6 | Starwood Hotel Portfolio | 64,753,185 | 29,954,374 | 0 | 29,954,374 | 117 | 85 | Actual 2017 | 93,391,528 | 63,914,410 | 29,477,118 | 0 | 29,477,118 | 116 | 84 |
6.01 | Renaissance St. Louis Airport Hotel | 13,943,902 | 4,396,803 | 0 | 4,396,803 | 125 | 88 | Actual 2017 | 18,324,277 | 14,008,269 | 4,316,008 | 0 | 4,316,008 | 124 | 89 |
6.02 | Renaissance Des Moines Savery Hotel | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV |
6.03 | Residence Inn St. Louis Downtown | 4,549,955 | 2,670,787 | 0 | 2,670,787 | 135 | 102 | Actual 2017 | 7,438,018 | 4,521,625 | 2,916,393 | 0 | 2,916,393 | 137 | 105 |
6.04 | Doubletree Hotel West Palm Beach Airport | 4,534,282 | 3,330,799 | 0 | 3,330,799 | 129 | 113 | Actual 2017 | 7,320,304 | 4,414,847 | 2,905,457 | 0 | 2,905,457 | 119 | 105 |
6.05 | Courtyard Gulfport Beachfront | 3,381,853 | 1,626,932 | 0 | 1,626,932 | 118 | 77 | Actual 2017 | 4,964,644 | 3,364,283 | 1,600,361 | 0 | 1,600,361 | 116 | 77 |
6.06 | Fairfield Inn Atlanta Downtown | 4,378,312 | 1,655,222 | 0 | 1,655,222 | 138 | 96 | Actual 2017 | 5,682,298 | 4,194,924 | 1,487,374 | 0 | 1,487,374 | 134 | 90 |
6.07 | Hotel Indigo Chicago Vernon Hills | 2,543,167 | 1,451,414 | 0 | 1,451,414 | 117 | 80 | Actual 2017 | 3,965,649 | 2,522,569 | 1,443,080 | 0 | 1,443,080 | 116 | 79 |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | 2,568,997 | 1,599,160 | 0 | 1,599,160 | 122 | 86 | Actual 2017 | 4,327,833 | 2,479,540 | 1,848,293 | 0 | 1,848,293 | 126 | 90 |
6.09 | Holiday Inn & Suites Green Bay Stadium | 2,524,693 | 1,474,970 | 0 | 1,474,970 | 117 | 84 | Actual 2017 | 3,982,719 | 2,509,991 | 1,472,728 | 0 | 1,472,728 | 120 | 84 |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | 2,584,454 | 1,381,932 | 0 | 1,381,932 | 105 | 82 | Actual 2017 | 3,853,245 | 2,524,729 | 1,328,516 | 0 | 1,328,516 | 104 | 79 |
6.11 | Hilton Garden Inn Wichita | 2,670,325 | 1,359,366 | 0 | 1,359,366 | 127 | 100 | Actual 2017 | 3,868,305 | 2,629,420 | 1,238,885 | 0 | 1,238,885 | 127 | 96 |
6.12 | Courtyard Norman | 1,916,415 | 942,166 | 0 | 942,166 | 99 | 65 | Actual 2017 | 2,740,942 | 1,836,858 | 904,084 | 0 | 904,084 | 100 | 63 |
6.13 | Springhill Suites Scranton Wilkes Barre | 2,033,991 | 948,346 | 0 | 948,346 | 107 | 79 | Actual 2017 | 2,933,685 | 2,016,030 | 917,655 | 0 | 917,655 | 106 | 78 |
6.14 | Courtyard Salisbury | 2,152,022 | 752,440 | 0 | 752,440 | 109 | 72 | Actual 2017 | 2,869,168 | 2,105,336 | 763,832 | 0 | 763,832 | 108 | 71 |
6.15 | Homewood Suites St. Louis Riverport Airport West | 2,561,956 | 796,325 | 0 | 796,325 | 115 | 88 | Actual 2017 | 3,240,355 | 2,554,929 | 685,426 | 0 | 685,426 | 115 | 84 |
6.16 | Residence Inn Rocky Mount | 1,511,088 | 879,859 | 0 | 879,859 | 111 | 81 | Actual 2017 | 2,344,882 | 1,468,042 | 876,840 | 0 | 876,840 | 111 | 80 |
6.17 | Hampton Inn and Suites Wichita Northeast | 2,028,476 | 1,020,670 | 0 | 1,020,670 | 112 | 81 | Actual 2017 | 3,064,633 | 2,060,936 | 1,003,697 | 0 | 1,003,697 | 113 | 81 |
6.18 | Residence Inn Salisbury | 1,751,456 | 683,005 | 0 | 683,005 | 102 | 78 | Actual 2017 | 2,220,654 | 1,600,092 | 620,562 | 0 | 620,562 | 99 | 71 |
6.19 | Courtyard Rocky Mount | 1,777,298 | 714,412 | 0 | 714,412 | 102 | 69 | Actual 2017 | 2,580,825 | 1,778,097 | 802,728 | 0 | 802,728 | 101 | 72 |
6.20 | Springhill Suites Wichita East at Plazzio | 1,792,831 | 729,523 | 0 | 729,523 | 96 | 67 | Actual 2017 | 2,443,748 | 1,764,615 | 679,133 | 0 | 679,133 | 95 | 65 |
6.21 | Residence Inn Wichita East at Plazzio | 1,829,038 | 843,326 | 0 | 843,326 | 105 | 77 | Actual 2017 | 2,768,127 | 1,823,182 | 944,945 | 0 | 944,945 | 106 | 80 |
6.22 | Hampton Inn Oklahoma City Northwest | 1,718,674 | 696,916 | 0 | 696,916 | 96 | 68 | Actual 2017 | 2,457,218 | 1,736,096 | 721,122 | 0 | 721,122 | 97 | 69 |
7 | Franklin Towne Center | 105,155 | 3,400,000 | 0 | 3,400,000 | | | Actual 2017 | 3,311,856 | 99,356 | 3,212,500 | 0 | 3,212,500 | | |
8 | Christiana Mall | 10,479,303 | 43,550,426 | 0 | 43,550,426 | | | Actual 2017 | 54,058,534 | 10,544,365 | 43,514,169 | 0 | 43,514,169 | | |
9 | Bella at Norcross | 1,232,083 | 2,503,897 | 79,500 | 2,424,397 | | | TTM 5/31/2017 | 3,406,655 | 1,757,451 | 1,649,204 | 79,500 | 1,569,704 | | |
10 | 1600 Terrell Mill Road | 1,055,931 | 2,424,597 | 0 | 2,424,597 | | | Actual 2017 | 2,484,049 | 907,579 | 1,576,469 | 490 | 1,575,979 | | |
11 | Memphis Industrial Portfolio | 1,167,155 | 2,811,943 | 0 | 2,811,943 | | | Actual 2017 | 3,867,554 | 1,130,186 | 2,737,368 | 0 | 2,737,368 | | |
11.01 | Wolf Lake | 565,482 | 1,510,746 | 0 | 1,510,746 | | | Actual 2017 | 2,020,027 | 558,440 | 1,461,587 | 0 | 1,461,587 | | |
11.02 | Stage Hills | 601,674 | 1,301,197 | 0 | 1,301,197 | | | Actual 2017 | 1,847,527 | 571,745 | 1,275,782 | 0 | 1,275,782 | | |
12 | Prudential - Digital Realty Portfolio | 5,756,343 | 25,861,704 | 0 | 25,861,704 | | | Actual 2017 | 31,009,062 | 5,520,559 | 25,488,503 | 0 | 25,488,503 | | |
12.01 | 14901 FAA Boulevard | 1,366,005 | 5,767,466 | 0 | 5,767,466 | | | Actual 2017 | 6,936,540 | 1,235,967 | 5,700,573 | 0 | 5,700,573 | | |
12.02 | 4650 Old Ironsides Drive | 855,023 | 4,232,345 | 0 | 4,232,345 | | | Actual 2017 | 5,023,568 | 838,094 | 4,185,474 | 0 | 4,185,474 | | |
12.03 | 43790 Devin Shafron Drive | 813,688 | 3,736,316 | 0 | 3,736,316 | | | Actual 2017 | 4,416,237 | 756,573 | 3,659,664 | 0 | 3,659,664 | | |
12.04 | 636 Pierce Street | 720,623 | 3,234,003 | 0 | 3,234,003 | | | Actual 2017 | 3,907,712 | 717,877 | 3,189,835 | 0 | 3,189,835 | | |
12.05 | 21551 Beaumeade Circle | 605,132 | 2,374,148 | 0 | 2,374,148 | | | Actual 2017 | 2,940,978 | 596,338 | 2,344,640 | 0 | 2,344,640 | | |
12.06 | 7505 Mason King Court | 200,310 | 2,135,055 | 0 | 2,135,055 | | | Actual 2017 | 2,286,124 | 191,666 | 2,094,458 | 0 | 2,094,458 | | |
12.07 | 4700 Old Ironsides Drive | 632,909 | 2,188,696 | 0 | 2,188,696 | | | Actual 2017 | 2,781,102 | 631,647 | 2,149,455 | 0 | 2,149,455 | | |
12.08 | 444 Toyama Drive | 562,653 | 2,193,675 | 0 | 2,193,675 | | | Actual 2017 | 2,716,801 | 552,397 | 2,164,404 | 0 | 2,164,404 | | |
13 | California Mixed Use Portfolio | 1,063,495 | 2,483,855 | 3,000 | 2,480,855 | | | Actual 2017 | 3,487,786 | 1,047,015 | 2,440,771 | 42,622 | 2,398,150 | | |
13.01 | Daytona RV & Boat Storage | 419,744 | 1,310,037 | 0 | 1,310,037 | | | Actual 2017 | 1,662,366 | 413,827 | 1,248,539 | 0 | 1,248,539 | | |
13.02 | Daytona Business Park | 352,671 | 702,206 | 3,000 | 699,206 | | | Actual 2017 | 1,127,192 | 314,970 | 812,222 | 42,622 | 769,601 | | |
13.03 | Absolute Self Storage | 291,080 | 471,612 | 0 | 471,612 | | | Actual 2017 | 698,228 | 318,218 | 380,010 | 0 | 380,010 | | |
14 | Danbury Commerce Portfolio | 728,408 | 3,673,522 | 0 | 3,673,522 | | | Actual 2017 | 4,247,225 | 642,189 | 3,605,036 | 0 | 3,605,036 | | |
14.01 | Delaware Commerce Park | 548,106 | 2,960,166 | 0 | 2,960,166 | | | Actual 2017 | 3,407,647 | 485,240 | 2,922,407 | 0 | 2,922,407 | | |
14.02 | 34 Executive Drive | 180,302 | 713,356 | 0 | 713,356 | | | Actual 2017 | 839,578 | 156,948 | 682,630 | 0 | 682,630 | | |
15 | 35 Claver Place | NAV | NAV | NAV | NAV | | | NAV | NAV | NAV | NAV | NAV | NAV | | |
16 | Aventura Mall | 31,484,933 | 118,291,397 | 0 | 118,291,397 | | | Actual 2017 | 145,286,882 | 30,046,320 | 115,240,562 | 0 | 115,240,562 | | |
17 | H Inc. Multifamily Portfolio | 579,374 | 1,764,916 | 0 | 1,764,916 | | | Actual 2017 | 2,367,293 | 595,599 | 1,771,694 | 0 | 1,771,694 | | |
17.01 | Motor Wheel Lofts | 463,633 | 1,539,190 | 0 | 1,539,190 | | | Actual 2017 | 2,014,670 | 493,320 | 1,521,350 | 0 | 1,521,350 | | |
17.02 | JI Case Lofts | 115,741 | 225,727 | 0 | 225,727 | | | Actual 2017 | 352,622 | 102,279 | 250,343 | 0 | 250,343 | | |
18 | Waterford Tulsa Apartments | 1,244,123 | 1,487,533 | 0 | 1,487,533 | | | Actual 2017 | 2,829,004 | 1,255,147 | 1,573,856 | 0 | 1,573,856 | | |
19 | Lakeside Pointe & Fox Club Apartments | 3,478,515 | 2,926,157 | 0 | 2,926,157 | | | Actual 2017 | 6,362,803 | 3,313,549 | 3,049,254 | 0 | 3,049,254 | | |
19.01 | Lakeside Pointe at Nora | 1,941,749 | 1,973,360 | 0 | 1,973,360 | | | Actual 2017 | 3,996,085 | 1,851,816 | 2,144,269 | 0 | 2,144,269 | | |
19.02 | Fox Club Apartments | 1,536,766 | 952,797 | 0 | 952,797 | | | Actual 2017 | 2,366,718 | 1,461,733 | 904,985 | 0 | 904,985 | | |
20 | Virginia Beach Hotel Portfolio | 18,225,519 | 11,841,080 | 0 | 11,841,080 | 206 | 157 | Actual 2017 | 30,917,483 | 18,407,936 | 12,509,547 | 0 | 12,509,547 | 205 | 155 |
20.01 | Hilton Virginia Beach Oceanfront | 12,352,327 | 7,617,008 | 0 | 7,617,008 | 214 | 162 | Actual 2017 | 20,662,681 | 12,488,938 | 8,173,743 | 0 | 8,173,743 | 212 | 159 |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | 5,873,192 | 4,224,072 | 0 | 4,224,072 | 192 | 147 | Actual 2017 | 10,254,802 | 5,918,998 | 4,335,804 | 0 | 4,335,804 | 192 | 150 |
21 | Home Depot Technology Center | 1,709,507 | 3,908,565 | 0 | 3,908,565 | | | Actual 2017 | 4,467,959 | 1,582,192 | 2,885,767 | 0 | 2,885,767 | | |
22 | Hampton Inn & Suites - Vineland | 2,680,427 | 2,032,182 | 0 | 2,032,182 | 119 | 94 | Actual 2017 | 4,482,965 | 2,644,549 | 1,838,416 | 0 | 1,838,416 | 114 | 89 |
23 | The Tannery | 345,213 | 773,501 | 0 | 773,501 | | | Actual 2017 | 850,945 | 314,470 | 536,475 | 0 | 536,475 | | |
24 | Vernon Industrial | 277,110 | 736,441 | 0 | 736,441 | | | Actual 2017 | 1,001,957 | 277,810 | 724,147 | 0 | 724,147 | | |
25 | Liberty Portfolio | 2,858,899 | 14,502,825 | 0 | 14,502,825 | | | Actual 2017 | 10,833,560 | 2,085,330 | 8,748,230 | 0 | 8,748,230 | | |
25.01 | Liberty Center at Rio Salado | 2,355,223 | 12,119,561 | 0 | 12,119,561 | | | Actual 2017 | 7,965,235 | 1,571,541 | 6,393,694 | 0 | 6,393,694 | | |
25.02 | 8501 East Raintree Drive | 503,676 | 2,383,263 | 0 | 2,383,263 | | | Actual 2017 | 2,868,325 | 513,789 | 2,354,536 | 0 | 2,354,536 | | |
26 | Argenta Flats | 746,047 | 843,432 | 32,000 | 811,432 | | | Actual 2017 | 1,224,938 | 641,776 | 583,163 | 32,000 | 551,163 | | |
27 | Century Town Center | 459,049 | 1,273,804 | 0 | 1,273,804 | | | Actual 2017 | 1,678,081 | 464,312 | 1,213,770 | 0 | 1,213,770 | | |
28 | Home2 Suites - Franklin Cool Springs | 2,181,920 | 1,493,636 | 0 | 1,493,636 | 128 | 95 | Actual 2017 | 3,492,879 | 2,074,553 | 1,418,326 | 0 | 1,418,326 | 129 | 90 |
29 | Kennedy Road Marketplace | 358,526 | 810,199 | 0 | 810,199 | | | Actual 2017 | 1,211,756 | 365,065 | 846,691 | 0 | 846,691 | | |
30 | 1400 Flat Gap Road | NAV | NAV | NAV | NAV | | | NAV | NAV | NAV | NAV | NAV | NAV | | |
31 | Fair Oaks Mall | 15,012,540 | 32,296,326 | 0 | 32,296,326 | | | Actual 2016 | 50,381,051 | 15,478,478 | 34,902,573 | 0 | 34,902,573 | | |
32 | Norriton Medical Center | 631,919 | 794,349 | 0 | 794,349 | | | Actual 2017 | 1,297,718 | 585,929 | 711,789 | 0 | 711,789 | | |
33 | Hampton Inn & Suites McKinney | 1,587,636 | 1,195,352 | 0 | 1,195,352 | 110 | 95 | Actual 2017 | 2,724,218 | 1,548,771 | 1,175,447 | 0 | 1,175,447 | 109 | 93 |
34 | Kaden Tower | 935,588 | 902,774 | 0 | 902,774 | | | Actual 2017 | 1,601,509 | 906,533 | 694,976 | 0 | 694,976 | | |
35 | Buellton Self Storage | 475,481 | 814,109 | 0 | 814,109 | | | Actual 2017 | 1,226,772 | 457,582 | 769,190 | 0 | 769,190 | | |
36 | Hampton Inn & Suites - Sterling Heights | 1,725,638 | 1,128,590 | 0 | 1,128,590 | 120 | 101 | Actual 2017 | 2,781,250 | 1,635,295 | 1,145,955 | 0 | 1,145,955 | 120 | 99 |
37 | Heartland Village Apartments | 1,041,841 | 597,546 | 0 | 597,546 | | | Actual 2017 | 1,667,342 | 989,485 | 677,857 | 0 | 677,857 | | |
38 | CLC Self Storage Portfolio | 438,018 | 565,787 | 0 | 565,787 | | | Actual 2017 | 1,001,526 | 455,646 | 545,880 | 0 | 545,880 | | |
38.01 | Kangaroo II Self-Storage | 282,254 | 247,043 | 0 | 247,043 | | | Actual 2017 | 517,500 | 280,779 | 236,721 | 0 | 236,721 | | |
38.02 | Apublix Self Storage - Sooner Road | 102,972 | 241,573 | 0 | 241,573 | | | Actual 2017 | 351,865 | 122,325 | 229,540 | 0 | 229,540 | | |
38.03 | Apublix Self Storage - 10th Street | 52,792 | 77,171 | 0 | 77,171 | | | Actual 2017 | 132,161 | 52,542 | 79,619 | 0 | 79,619 | | |
39 | 33 Dart Road | 0 | 921,288 | 0 | 921,288 | | | Actual 2017 | 921,288 | 0 | 921,288 | 0 | 921,288 | | |
40 | Condor Self Storage of Ojai | 425,846 | 703,171 | 0 | 703,171 | | | Actual 2017 | 1,074,687 | 390,765 | 683,922 | 0 | 683,922 | | |
41 | 225 Carolina | 234,941 | 539,567 | 0 | 539,567 | | | Actual 2017 | 316,377 | 172,017 | 144,360 | 0 | 144,360 | | |
42 | Fairmont Crossing | 322,454 | 704,075 | 0 | 704,075 | | | Actual 2017 | 1,025,248 | 340,100 | 685,148 | 0 | 685,148 | | |
43 | Infinite Self Storage | 445,465 | 473,427 | 0 | 473,427 | | | Actual 2017 | 796,614 | 402,828 | 393,786 | 0 | 393,786 | | |
44 | Willow Ridge | 821,320 | 737,942 | 0 | 737,942 | | | | | | | | | | |
45 | New London Square | 245,123 | 523,718 | 0 | 523,718 | | | Actual 2017 | 691,071 | 212,358 | 478,713 | 0 | 478,713 | | |
46 | Walgreens - Georgetown, TX | NAV | NAV | NAV | NAV | | | NAV | NAV | NAV | NAV | NAV | NAV | | |
47 | Paso Robles Self Storage | 339,827 | 667,981 | 0 | 667,981 | | | Actual 2017 | 990,882 | 330,722 | 660,160 | 0 | 660,160 | | |
48 | Cartwright Pointe Plaza | 220,483 | 681,506 | 0 | 681,506 | | | Actual 2017 | 756,477 | 182,749 | 573,729 | 0 | 573,729 | | |
49 | Safeway - Port Angeles | NAV | NAV | NAV | NAV | | | NAV | NAV | NAV | NAV | NAV | NAV | | |
50 | 2011 & 2015 Abrams Road | 60,539 | 142,719 | 0 | 142,719 | | | Actual 2017 | 235,346 | 54,529 | 180,817 | 0 | 180,817 | | |
51 | Heron Lakes Apartments | 197,361 | 216,984 | 0 | 216,984 | | | Actual 2017 | 404,910 | 199,425 | 205,485 | 0 | 205,485 | | |
52 | Rochester Square Shopping Center | 83,734 | 297,427 | 0 | 297,427 | | | Actual 2017 | 362,220 | 94,043 | 268,177 | 0 | 268,177 | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent Period | Third Most Recent Revenues ($)(6) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Capital Expenditures | Third Most Recent NCF ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name(9)(10)(16) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date |
1 | Miami Industrial Portfolio | Actual 2016 | 7,695,244 | 1,734,977 | 5,960,266 | 0 | 5,960,266 | | | N | Ezone 2.0 LLC | 21,881 | 2.9% | 6/30/2021 |
2 | Sheraton Grand Nashville Downtown | Actual 2016 | 45,349,337 | 25,408,909 | 19,940,428 | 1,813,973 | 18,126,455 | 241 | 188 | N | | | | |
3 | Walgreens - Ginsberg Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | Various | Various | Various |
3.01 | Walgreens - Alexandria, VA | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | 14,469 | 100.0% | 10/31/2083 |
3.02 | Walgreens - Atlanta, GA | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | 14,110 | 100.0% | 3/31/2095 |
3.03 | Walgreens - Burlington, NC | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | 14,550 | 100.0% | 11/30/2083 |
3.04 | Walgreens - Franklin, MA | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | 14,550 | 100.0% | 1/31/2085 |
3.05 | Walgreens - Chester, MD | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | 14,550 | 100.0% | 4/30/2085 |
3.06 | Walgreens - Laredo, TX | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens | 14,820 | 100.0% | 4/30/2084 |
4 | Riverworks | Actual 2016 | 5,462,471 | 3,119,070 | 2,343,400 | 0 | 2,343,400 | | | N | Mimecast North America, Inc. | 44,170 | 21.9% | 10/15/2020 |
5 | 1000 Windward Concourse | Actual 2016 | 3,870,434 | 1,572,757 | 2,297,677 | 0 | 2,297,677 | | | N | The Travelers Indemnity Company | 140,255 | 55.8% | 8/31/2022 |
6 | Starwood Hotel Portfolio | Actual 2016 | 92,515,295 | 63,143,112 | 29,372,183 | 0 | 29,372,183 | 115 | 82 | N | | | | |
6.01 | Renaissance St. Louis Airport Hotel | Actual 2016 | 17,795,311 | 13,634,768 | 4,160,543 | 0 | 4,160,543 | 121 | 81 | N | | | | |
6.02 | Renaissance Des Moines Savery Hotel | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | | | | |
6.03 | Residence Inn St. Louis Downtown | Actual 2016 | 7,532,220 | 4,424,445 | 3,107,775 | 0 | 3,107,775 | 133 | 105 | N | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | Actual 2016 | 6,462,287 | 4,120,824 | 2,341,463 | 0 | 2,341,463 | 109 | 92 | N | | | | |
6.05 | Courtyard Gulfport Beachfront | Actual 2016 | 5,201,110 | 3,558,484 | 1,642,626 | 0 | 1,642,626 | 112 | 81 | N | | | | |
6.06 | Fairfield Inn Atlanta Downtown | Actual 2016 | 5,558,141 | 4,326,533 | 1,231,608 | 0 | 1,231,608 | 137 | 88 | N | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | Actual 2016 | 3,910,722 | 2,480,037 | 1,430,685 | 0 | 1,430,685 | 116 | 77 | N | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | Actual 2016 | 4,258,536 | 2,486,367 | 1,772,169 | 0 | 1,772,169 | 124 | 87 | N | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | Actual 2016 | 4,095,374 | 2,614,133 | 1,481,241 | 0 | 1,481,241 | 126 | 85 | N | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | Actual 2016 | 3,995,717 | 2,449,666 | 1,546,051 | 0 | 1,546,051 | 106 | 82 | N | | | | |
6.11 | Hilton Garden Inn Wichita | Actual 2016 | 3,896,365 | 2,675,029 | 1,221,336 | 0 | 1,221,336 | 128 | 96 | N | | | | |
6.12 | Courtyard Norman | Actual 2016 | 2,608,716 | 1,710,744 | 897,972 | 0 | 897,972 | 104 | 59 | N | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | Actual 2016 | 2,718,138 | 1,876,615 | 841,523 | 0 | 841,523 | 103 | 72 | N | | | | |
6.14 | Courtyard Salisbury | Actual 2016 | 3,148,273 | 2,174,763 | 973,510 | 0 | 973,510 | 107 | 78 | N | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | Actual 2016 | 3,095,156 | 2,459,925 | 635,231 | 0 | 635,231 | 117 | 80 | N | | | | |
6.16 | Residence Inn Rocky Mount | Actual 2016 | 2,062,299 | 1,400,544 | 661,755 | 0 | 661,755 | 95 | 69 | N | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | Actual 2016 | 3,150,231 | 2,121,669 | 1,028,562 | 0 | 1,028,562 | 108 | 83 | N | | | | |
6.18 | Residence Inn Salisbury | Actual 2016 | 2,592,288 | 1,607,398 | 984,890 | 0 | 984,890 | 99 | 83 | N | | | | |
6.19 | Courtyard Rocky Mount | Actual 2016 | 2,520,678 | 1,751,839 | 768,839 | 0 | 768,839 | 102 | 69 | N | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | Actual 2016 | 2,443,042 | 1,734,798 | 708,244 | 0 | 708,244 | 99 | 64 | N | | | | |
6.21 | Residence Inn Wichita East at Plazzio | Actual 2016 | 2,886,410 | 1,766,942 | 1,119,468 | 0 | 1,119,468 | 113 | 82 | N | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | Actual 2016 | 2,584,279 | 1,767,585 | 816,694 | 0 | 816,694 | 97 | 72 | N | | | | |
7 | Franklin Towne Center | Actual 2016 | 3,216,495 | 96,495 | 3,120,000 | 0 | 3,120,000 | | | Y | Stop & Shop | 138,364 | 100.0% | 10/31/2030 |
8 | Christiana Mall | Actual 2016 | 54,140,474 | 10,182,915 | 43,957,559 | 0 | 43,957,559 | | | N | Target (Ground Lease) | 145,312 | 18.7% | 12/31/2036 |
9 | Bella at Norcross | Actual 2016 | 3,276,883 | 1,776,009 | 1,500,874 | 79,500 | 1,421,374 | | | N | | | | |
10 | 1600 Terrell Mill Road | Actual 2016 | 3,741,425 | 848,571 | 2,892,855 | 2,514 | 2,890,341 | | | N | Q Squared Solutions LLC | 138,981 | 55.2% | 9/30/2023 |
11 | Memphis Industrial Portfolio | Actual 2016 | 3,608,667 | 961,655 | 2,647,011 | 0 | 2,647,011 | | | Y | Various | Various | Various | Various |
11.01 | Wolf Lake | Actual 2016 | 1,997,484 | 457,496 | 1,539,988 | 0 | 1,539,988 | | | Y | Enteroptyx | 36,000 | 15.7% | 6/30/2022 |
11.02 | Stage Hills | Actual 2016 | 1,611,183 | 504,159 | 1,107,024 | 0 | 1,107,024 | | | Y | Surface Dynamics, LLC | 19,440 | 8.2% | 8/31/2021 |
12 | Prudential - Digital Realty Portfolio | Actual 2016 | 30,153,975 | 5,218,019 | 24,935,956 | 0 | 24,935,956 | | | N | Various | Various | Various | Various |
12.01 | 14901 FAA Boulevard | Actual 2016 | 6,532,263 | 986,583 | 5,545,680 | 0 | 5,545,680 | | | N | Cyxtera | 263,700 | 100.0% | 2/2/2022 |
12.02 | 4650 Old Ironsides Drive | Actual 2016 | 4,899,745 | 814,002 | 4,085,743 | 0 | 4,085,743 | | | N | Cyxtera | 124,383 | 100.0% | 4/30/2027 |
12.03 | 43790 Devin Shafron Drive | Actual 2016 | 4,386,733 | 791,276 | 3,595,457 | 0 | 3,595,457 | | | N | VADATA, Inc. | 152,138 | 100.0% | 5/31/2021 |
12.04 | 636 Pierce Street | Actual 2016 | 3,907,838 | 717,838 | 3,190,000 | 0 | 3,190,000 | | | N | The Bank of New York Mellon | 108,336 | 100.0% | 4/30/2023 |
12.05 | 21551 Beaumeade Circle | Actual 2016 | 2,847,924 | 575,933 | 2,271,991 | 0 | 2,271,991 | | | N | Equinix, LLC | 152,504 | 100.0% | 12/31/2023 |
12.06 | 7505 Mason King Court | Actual 2016 | 2,226,277 | 184,424 | 2,041,853 | 0 | 2,041,853 | | | N | VADATA, Inc. | 109,650 | 100.0% | 12/31/2023 |
12.07 | 4700 Old Ironsides Drive | Actual 2016 | 2,706,656 | 606,707 | 2,099,949 | 0 | 2,099,949 | | | N | Cyxtera | 90,139 | 100.0% | 4/30/2027 |
12.08 | 444 Toyama Drive | Actual 2016 | 2,646,539 | 541,256 | 2,105,283 | 0 | 2,105,283 | | | N | Equinix, LLC | 42,083 | 100.0% | 7/31/2022 |
13 | California Mixed Use Portfolio | Actual 2016 | 3,323,180 | 1,063,925 | 2,259,255 | 36,060 | 2,223,196 | | | N | Various | Various | Various | Various |
13.01 | Daytona RV & Boat Storage | Actual 2016 | 1,602,295 | 413,797 | 1,188,497 | 0 | 1,188,497 | | | N | | | | |
13.02 | Daytona Business Park | Actual 2016 | 1,094,023 | 344,239 | 749,784 | 36,060 | 713,724 | | | N | County of Riverside | 55,625 | 27.9% | 6/11/2019 |
13.03 | Absolute Self Storage | Actual 2016 | 626,863 | 305,888 | 320,974 | 0 | 320,974 | | | N | | | | |
14 | Danbury Commerce Portfolio | Actual 2016 | 4,399,675 | 742,938 | 3,656,737 | 0 | 3,656,737 | | | N | Various | Various | Various | Various |
14.01 | Delaware Commerce Park | Actual 2016 | 3,538,471 | 563,715 | 2,974,756 | 0 | 2,974,756 | | | N | Entegris/ATMI | 72,710 | 19.1% | 12/31/2021 |
14.02 | 34 Executive Drive | Actual 2016 | 861,204 | 179,223 | 681,981 | 0 | 681,981 | | | N | R.K. Manufacturing Company | 67,550 | 76.0% | 11/30/2029 |
15 | 35 Claver Place | NAV | NAV | NAV | NAV | NAV | NAV | | | N | | | | |
16 | Aventura Mall | Actual 2016 | 139,956,585 | 29,303,182 | 110,653,403 | 0 | 110,653,403 | | | Y | JCPenney | 193,759 | 15.9% | 4/30/2023 |
17 | H Inc. Multifamily Portfolio | Actual 2016 | 2,148,400 | 553,646 | 1,594,754 | 0 | 1,594,754 | | | N | | | | |
17.01 | Motor Wheel Lofts | Actual 2016 | 1,846,058 | 471,236 | 1,374,822 | 0 | 1,374,822 | | | N | | | | |
17.02 | JI Case Lofts | Actual 2016 | 302,342 | 82,410 | 219,932 | 0 | 219,932 | | | N | | | | |
18 | Waterford Tulsa Apartments | Actual 2016 | 2,785,650 | 1,255,892 | 1,529,758 | 0 | 1,529,758 | | | N | | | | |
19 | Lakeside Pointe & Fox Club Apartments | Actual 2016 | 6,107,911 | 3,293,109 | 2,814,802 | 0 | 2,814,802 | | | N | | | | |
19.01 | Lakeside Pointe at Nora | Actual 2016 | 3,830,538 | 1,943,685 | 1,886,853 | 0 | 1,886,853 | | | N | | | | |
19.02 | Fox Club Apartments | Actual 2016 | 2,277,373 | 1,349,424 | 927,949 | 0 | 927,949 | | | N | | | | |
20 | Virginia Beach Hotel Portfolio | Actual 2016 | 31,038,981 | 18,754,354 | 12,284,627 | 0 | 12,284,627 | 207 | 147 | N | | | | |
20.01 | Hilton Virginia Beach Oceanfront | Actual 2016 | 20,777,960 | 12,950,847 | 7,827,113 | 0 | 7,827,113 | 215 | 154 | N | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | Actual 2016 | 10,261,021 | 5,803,508 | 4,457,513 | 0 | 4,457,513 | 192 | 136 | N | | | | |
21 | Home Depot Technology Center | Actual 2016 | 2,478,395 | 1,491,128 | 987,268 | 0 | 987,268 | | | N | Home Depot | 310,669 | 89.4% | 7/31/2029 |
22 | Hampton Inn & Suites - Vineland | Actual 2016 | 3,894,012 | 2,405,086 | 1,488,926 | 0 | 1,488,926 | 107 | 77 | N | | | | |
23 | The Tannery | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Red Nucleus Solutions, LLC | 22,917 | 35.1% | 2/28/2026 |
24 | Vernon Industrial | Actual 2016 | 955,308 | 260,494 | 694,814 | 0 | 694,814 | | | N | Volume Distributors, Inc. | 82,978 | 56.3% | 11/1/2038 |
25 | Liberty Portfolio | Actual 2016 | 8,906,536 | 1,704,875 | 7,201,661 | 0 | 7,201,661 | | | N | Various | Various | Various | Various |
25.01 | Liberty Center at Rio Salado | Actual 2016 | 5,306,641 | 1,191,393 | 4,115,248 | 0 | 4,115,248 | | | N | Centene Management Company, LLC | 352,988 | 51.7% | 1/22/2028 |
25.02 | 8501 East Raintree Drive | Actual 2016 | 3,599,895 | 513,482 | 3,086,413 | 0 | 3,086,413 | | | N | The Vanguard Group, Inc. | 123,340 | 100.0% | 7/31/2026 |
26 | Argenta Flats | NAV | NAV | NAV | NAV | NAV | NAV | | | N | | | | |
27 | Century Town Center | Actual 2016 | 1,695,954 | 483,448 | 1,212,506 | 0 | 1,212,506 | | | N | Marshalls/HomeGoods | 52,000 | 52.2% | 8/31/2023 |
28 | Home2 Suites - Franklin Cool Springs | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | | | | |
29 | Kennedy Road Marketplace | Actual 2016 | 1,443,427 | 373,236 | 1,070,190 | 0 | 1,070,190 | | | N | Home Goods | 20,000 | 30.9% | 8/31/2028 |
30 | 1400 Flat Gap Road | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Oshkosh Manufacturing | 485,977 | 100.0% | 9/30/2025 |
31 | Fair Oaks Mall | Actual 2015 | 49,139,554 | 14,789,192 | 34,350,362 | 0 | 34,350,362 | | | N | Macy’s | 215,000 | 27.6% | 2/1/2026 |
32 | Norriton Medical Center | Actual 2016 | 1,405,066 | 609,653 | 795,413 | 0 | 795,413 | | | N | IOA RE | 11,249 | 15.2% | 5/31/2021 |
33 | Hampton Inn & Suites McKinney | Actual 2016 | 2,430,994 | 1,455,712 | 975,282 | 0 | 975,282 | 105 | 83 | N | | | | |
34 | Kaden Tower | Actual 2016 | 1,586,831 | 832,969 | 753,862 | 0 | 753,862 | | | N | PharmaCord, LLC | 19,887 | 22.9% | 6/30/2022 |
35 | Buellton Self Storage | Actual 2016 | 1,144,990 | 443,618 | 701,372 | 0 | 701,372 | | | N | | | | |
36 | Hampton Inn & Suites - Sterling Heights | Actual 2016 | 2,719,417 | 1,659,019 | 1,060,398 | 0 | 1,060,398 | 119 | 93 | N | | | | |
37 | Heartland Village Apartments | NAV | NAV | NAV | NAV | NAV | NAV | | | N | | | | |
38 | CLC Self Storage Portfolio | Various | 1,057,956 | 415,096 | 642,860 | 0 | 642,860 | | | N | | | | |
38.01 | Kangaroo II Self-Storage | Actual 2016 | 581,532 | 267,421 | 314,111 | 0 | 314,111 | | | N | | | | |
38.02 | Apublix Self Storage - Sooner Road | Annualized 4 12/31/2016 | 332,766 | 100,985 | 231,781 | 0 | 231,781 | | | N | | | | |
38.03 | Apublix Self Storage - 10th Street | Annualized 4 12/31/2016 | 143,658 | 46,690 | 96,968 | 0 | 96,968 | | | N | | | | |
39 | 33 Dart Road | Actual 2016 | 921,288 | 0 | 921,288 | 0 | 921,288 | | | N | Cargill Meat Solutions Corporation | 104,880 | 100.0% | 5/31/2029 |
40 | Condor Self Storage of Ojai | Actual 2016 | 1,031,565 | 368,281 | 663,284 | 0 | 663,284 | | | N | | | | |
41 | 225 Carolina | Actual 2016 | 228,680 | 156,021 | 72,659 | 0 | 72,659 | | | N | Lifespan Corp | 25,985 | 64.1% | 4/30/2026 |
42 | Fairmont Crossing | Actual 2016 | 906,224 | 250,002 | 656,221 | 0 | 656,221 | | | N | Neighborhood Emergency Center | 7,070 | 24.3% | 5/31/2023 |
43 | Infinite Self Storage | Actual 2016 | 769,863 | 438,165 | 331,698 | 0 | 331,698 | | | N | | | | |
44 | Willow Ridge | | | | | | | | | N | | | | |
45 | New London Square | Actual 2016 | 768,927 | 187,795 | 581,132 | 0 | 581,132 | | | N | Marietta Antique Mall | 30,000 | 33.7% | 3/31/2024 |
46 | Walgreens - Georgetown, TX | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Walgreens Co | 14,820 | 100.0% | 1/31/2087 |
47 | Paso Robles Self Storage | Actual 2016 | 952,357 | 302,523 | 649,834 | 0 | 649,834 | | | N | | | | |
48 | Cartwright Pointe Plaza | Actual 2016 | 476,319 | 173,130 | 303,189 | 0 | 303,189 | | | N | Ross Dress for Less DBA - DD’s Discounts | 19,137 | 26.0% | 1/31/2028 |
49 | Safeway - Port Angeles | NAV | NAV | NAV | NAV | NAV | NAV | | | N | Safeway | 43,228 | 100.0% | 10/31/2037 |
50 | 2011 & 2015 Abrams Road | Actual 2016 | 256,956 | 58,403 | 198,553 | 0 | 198,553 | | | N | Bliss Nail Lounge | 2,595 | 31.0% | 9/30/2025 |
51 | Heron Lakes Apartments | NAV | NAV | NAV | NAV | NAV | NAV | | | N | | | | |
52 | Rochester Square Shopping Center | Actual 2016 | 378,271 | 91,643 | 286,629 | 0 | 286,629 | | | N | Rochester Road Ventures LLC | 4,025 | 21.1% | 5/31/2021 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 2nd Largest Tenant Name(9)(10) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date | 3rd Largest Tenant Name(8)(9)(10) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date | 4th Largest Tenant Name(8)(9)(10) | 4th Largest Tenant Sq. Ft. |
1 | Miami Industrial Portfolio | Giovanni & Sons | 20,846 | 2.8% | 9/30/2019 | Purchase One Corp | 19,950 | 2.7% | 2/29/2020 | A.R. Express LLC | 12,700 |
2 | Sheraton Grand Nashville Downtown | | | | | | | | | | |
3 | Walgreens - Ginsberg Portfolio | | | | | | | | | | |
3.01 | Walgreens - Alexandria, VA | | | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | | | | |
4 | Riverworks | New England Research Institutes | 33,657 | 16.7% | 7/31/2021 | Eyepoint Pharmaceuticals, Inc. | 20,240 | 10.0% | 4/30/2025 | NormaTec Industries, LP | 16,969 |
5 | 1000 Windward Concourse | Kinder Morgan, Inc. | 44,141 | 17.6% | 12/31/2025 | Agilysys, Inc. | 33,719 | 13.4% | 5/31/2021 | Agile Resources Inc | 7,220 |
6 | Starwood Hotel Portfolio | | | | | | | | | | |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | | | | |
6.12 | Courtyard Norman | | | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | | | | |
7 | Franklin Towne Center | | | | | | | | | | |
8 | Christiana Mall | Cabela’s (Ground Lease) | 100,000 | 12.8% | 1/31/2035 | Cinemark | 50,643 | 6.5% | 11/30/2029 | Barnes & Noble Bookseller | 36,803 |
9 | Bella at Norcross | | | | | | | | | | |
10 | 1600 Terrell Mill Road | First Data Corporation | 112,729 | 44.8% | 8/31/2023 | | | | | | |
11 | Memphis Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various |
11.01 | Wolf Lake | Experitec | 31,320 | 13.6% | 4/30/2024 | Crown Manufacturing | 29,160 | 12.7% | 2/28/2020 | ADT | 13,500 |
11.02 | Stage Hills | Southern Fastening Systems, Inc | 12,960 | 5.4% | 10/31/2020 | IBA Dosimetry America | 12,600 | 5.3% | 6/30/2021 | Behind the Scenes | 12,500 |
12 | Prudential - Digital Realty Portfolio | | | | | | | | | | |
12.01 | 14901 FAA Boulevard | | | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | | | | |
13 | California Mixed Use Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various |
13.01 | Daytona RV & Boat Storage | | | | | | | | | | |
13.02 | Daytona Business Park | Axiom Trading International, Inc. | 38,473 | 19.3% | 5/31/2021 | SoCal Custom Rigs, LLC | 10,170 | 5.1% | 4/30/2019 | GHH Ministries | 8,000 |
13.03 | Absolute Self Storage | | | | | | | | | | |
14 | Danbury Commerce Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various |
14.01 | Delaware Commerce Park | Lorad/Hologic | 60,000 | 15.8% | 12/31/2021 | Amphenol | 45,750 | 12.0% | 8/31/2023 | Kimchuk | 24,255 |
14.02 | 34 Executive Drive | Stever Enterprises, Inc. | 11,480 | 12.9% | 2/28/2023 | Cierant Corporation | 9,852 | 11.1% | 3/31/2023 | | |
15 | 35 Claver Place | | | | | | | | | | |
16 | Aventura Mall | AMC Theatres | 78,738 | 6.5% | 8/31/2023 | Zara | 34,454 | 2.8% | 10/31/2029 | XXI Forever | 32,504 |
17 | H Inc. Multifamily Portfolio | | | | | | | | | | |
17.01 | Motor Wheel Lofts | | | | | | | | | | |
17.02 | JI Case Lofts | | | | | | | | | | |
18 | Waterford Tulsa Apartments | | | | | | | | | | |
19 | Lakeside Pointe & Fox Club Apartments | | | | | | | | | | |
19.01 | Lakeside Pointe at Nora | | | | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | | | | | | | | | | |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | | | | |
21 | Home Depot Technology Center | Underwriters Laboratories, LLC | 36,829 | 10.6% | 8/31/2029 | | | | | | |
22 | Hampton Inn & Suites - Vineland | | | | | | | | | | |
23 | The Tannery | ICON Clinical Research, LLC | 12,923 | 19.8% | 9/30/2027 | GR8 People, Inc. | 10,476 | 16.0% | 4/30/2026 | Vault Brewing Company | 8,345 |
24 | Vernon Industrial | Jam’n Products | 64,322 | 43.7% | 4/30/2021 | | | | | | |
25 | Liberty Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various |
25.01 | Liberty Center at Rio Salado | DHL Express (USA), Inc. | 117,593 | 17.2% | 2/28/2023 | WageWorks, Inc. | 76,162 | 11.2% | 12/31/2021 | Carvana, LLC | 69,774 |
25.02 | 8501 East Raintree Drive | | | | | | | | | | |
26 | Argenta Flats | | | | | | | | | | |
27 | Century Town Center | Petco | 15,000 | 15.1% | 1/31/2024 | Jo-Ann | 11,048 | 11.1% | 1/31/2023 | Davita Dialysis | 5,347 |
28 | Home2 Suites - Franklin Cool Springs | | | | | | | | | | |
29 | Kennedy Road Marketplace | Petco | 15,257 | 23.6% | 9/30/2022 | Dollar Tree | 9,160 | 14.2% | 6/30/2020 | Anytime Fitness | 6,840 |
30 | 1400 Flat Gap Road | | | | | | | | | | |
31 | Fair Oaks Mall | XXI Forever | 51,317 | 6.6% | 1/31/2022 | H&M | 20,265 | 2.6% | 1/31/2029 | Express | 12,278 |
32 | Norriton Medical Center | Eistein Orthopaedic Associates | 7,058 | 9.5% | 3/31/2020 | Mission Kids (Child Advocacy Center) | 5,988 | 8.1% | 5/31/2025 | Laurel House | 5,429 |
33 | Hampton Inn & Suites McKinney | | | | | | | | | | |
34 | Kaden Tower | My Kentucky Home, LLC | 13,789 | 15.9% | 12/31/2021 | RCSH Operations, LLC | 9,500 | 10.9% | 2/28/2023 | Kaden Management Co., Inc. | 8,542 |
35 | Buellton Self Storage | | | | | | | | | | |
36 | Hampton Inn & Suites - Sterling Heights | | | | | | | | | | |
37 | Heartland Village Apartments | | | | | | | | | | |
38 | CLC Self Storage Portfolio | | | | | | | | | | |
38.01 | Kangaroo II Self-Storage | | | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | | | | |
39 | 33 Dart Road | | | | | | | | | | |
40 | Condor Self Storage of Ojai | | | | | | | | | | |
41 | 225 Carolina | Semma Therapeutics | 14,522 | 35.9% | 12/31/2022 | | | | | | |
42 | Fairmont Crossing | ReMax (Benoit Investments) | 5,500 | 18.9% | 1/31/2021 | TnT Hair Concept Salon | 3,000 | 10.3% | 6/30/2021 | Southern Dental | 2,400 |
43 | Infinite Self Storage | | | | | | | | | | |
44 | Willow Ridge | | | | | | | | | | |
45 | New London Square | Life Grocery | 10,605 | 11.9% | 4/30/2022 | Furkids, Inc. | 8,800 | 9.9% | 4/30/2023 | Harold’s Chicken & Ice | 6,000 |
46 | Walgreens - Georgetown, TX | | | | | | | | | | |
47 | Paso Robles Self Storage | | | | | | | | | | |
48 | Cartwright Pointe Plaza | Palacio Real | 15,435 | 20.9% | 10/12/2025 | Magic Smiles | 10,000 | 13.6% | 8/31/2026 | Family Dollar | 9,600 |
49 | Safeway - Port Angeles | | | | | | | | | | |
50 | 2011 & 2015 Abrams Road | Lakewood Pediatrics | 2,265 | 27.1% | 1/31/2026 | Scalini’s Pizza | 2,002 | 23.9% | 3/31/2020 | The Heights | 1,500 |
51 | Heron Lakes Apartments | | | | | | | | | | |
52 | Rochester Square Shopping Center | Dojo Zen Bei Martial Arts, LLC | 2,088 | 11.0% | 10/31/2019 | Asian Healthy Living LLC | 1,387 | 7.3% | 5/31/2021 | Michael Azoury and Vihang Inc | 1,327 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | 5th Largest Tenant Name(8)(9)(10) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA | 5th Largest Tenant Exp. Date | Engineering Report Date | Environmental Report Date (Phase I) | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | Terrorism Insurance (Y/N) | Loan Purpose |
1 | Miami Industrial Portfolio | 1.7% | 9/30/2021 | Pool Designs by Laly, LLC | 10,250 | 1.4% | 8/31/2020 | 10/23/2018 | 10/24/2018 | | | | N | Y | Refinance |
2 | Sheraton Grand Nashville Downtown | | | | | | | 9/25/2018 | 9/25/2018 | | | | N | Y | Refinance |
3 | Walgreens - Ginsberg Portfolio | | | | | | | Various | Various | | | | N | Y | Refinance/Acquisition |
3.01 | Walgreens - Alexandria, VA | | | | | | | 10/22/2018 | 10/24/2018 | | | | N | Y | |
3.02 | Walgreens - Atlanta, GA | | | | | | | 10/22/2018 | 10/24/2018 | | | | N | Y | |
3.03 | Walgreens - Burlington, NC | | | | | | | 10/22/2018 | 10/24/2018 | | | | N | Y | |
3.04 | Walgreens - Franklin, MA | | | | | | | 10/22/2018 | 10/24/2018 | | | | N | Y | |
3.05 | Walgreens - Chester, MD | | | | | | | 10/22/2018 | 10/24/2018 | | | | N | Y | |
3.06 | Walgreens - Laredo, TX | | | | | | | 12/11/2017 | 12/8/2017 | | | | N | Y | |
4 | Riverworks | 8.4% | 12/31/2023 | SAI Global | 14,230 | 7.1% | 6/30/2024 | 9/26/2018 | 9/27/2018 | | | | N | Y | Acquisition |
5 | 1000 Windward Concourse | 2.9% | 2/28/2019 | Infinitel Group, Inc. (Café) | 7,162 | 2.8% | 9/30/2022 | 8/15/2018 | 8/15/2018 | | | | N | Y | Acquisition |
6 | Starwood Hotel Portfolio | | | | | | | 7/10/2018 | Various | | | | N | Y | Refinance |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.11 | Hilton Garden Inn Wichita | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.12 | Courtyard Norman | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.14 | Courtyard Salisbury | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.16 | Residence Inn Rocky Mount | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.18 | Residence Inn Salisbury | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.19 | Courtyard Rocky Mount | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | 7/10/2018 | 7/10/2018 | | | | N | Y | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | 7/10/2018 | 7/9/2018 | | | | N | Y | |
7 | Franklin Towne Center | | | | | | | 10/16/2018 | 10/1/2018 | | | | N | Y | Refinance |
8 | Christiana Mall | 4.7% | 1/31/2020 | XXI Forever | 27,300 | 3.5% | 1/31/2020 | 6/11/2018 | 6/11/2018 | | | | N | Y | Refinance |
9 | Bella at Norcross | | | | | | | 10/24/2018 | 10/26/2018 | | | | N | Y | Refinance |
10 | 1600 Terrell Mill Road | | | | | | | 11/06/2018 | 10/24/2018 | | | | N | Y | Refinance |
11 | Memphis Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various | 10/19/2018 | | 10/19/2018 | 15.0% | N | Y | Refinance |
11.01 | Wolf Lake | 5.9% | 6/30/2025 | OfficeScapes | 12,150 | 5.3% | 10/31/2021 | 10/18/2018 | 10/19/2018 | | 10/19/2018 | 15.0% | N | Y | |
11.02 | Stage Hills | 5.2% | 2/28/2022 | Kenad SG Medical, Inc. | 9,810 | 4.1% | 8/31/2026 | 10/19/2018 | 10/19/2018 | | 10/19/2018 | 15.0% | N | Y | |
12 | Prudential - Digital Realty Portfolio | | | | | | | Various | Various | | Various | Various | N | Y | Refinance |
12.01 | 14901 FAA Boulevard | | | | | | | 7/18/2018 | 7/18/2018 | | | | N | Y | |
12.02 | 4650 Old Ironsides Drive | | | | | | | 7/24/2018 | 7/20/2018 | | 7/12/2018 | 12.0% | N | Y | |
12.03 | 43790 Devin Shafron Drive | | | | | | | 7/19/2018 | 7/17/2018 | | | | N | Y | |
12.04 | 636 Pierce Street | | | | | | | 7/25/2018 | 7/20/2018 | | | | N | Y | |
12.05 | 21551 Beaumeade Circle | | | | | | | 7/17/2018 | 7/17/2018 | | | | N | Y | |
12.06 | 7505 Mason King Court | | | | | | | 7/20/2018 | 7/17/2018 | | | | N | Y | |
12.07 | 4700 Old Ironsides Drive | | | | | | | 7/25/2018 | 7/23/2018 | | 7/12/2018 | 12.0% | N | Y | |
12.08 | 444 Toyama Drive | | | | | | | 7/24/2018 | 7/24/2018 | | 7/12/2018 | 12.0% | N | Y | |
13 | California Mixed Use Portfolio | Various | Various | Various | Various | Various | Various | 10/19/2018 | Various | | Various | Various | N | Y | Recapitalization |
13.01 | Daytona RV & Boat Storage | | | | | | | 10/19/2018 | 10/19/2018 | | 10/19/2018 | 15.0% | N | Y | |
13.02 | Daytona Business Park | 4.0% | 10/14/2022 | Swedish Speed, Inc | 6,000 | 3.0% | 4/30/2019 | 10/19/2018 | 10/22/2018 | | 10/18/2018 | 15.0% | N | Y | |
13.03 | Absolute Self Storage | | | | | | | 10/19/2018 | 10/19/2018 | | 10/18/2018 | 14.0% | N | Y | |
14 | Danbury Commerce Portfolio | Various | Various | Various | Various | Various | Various | 8/8/2018 | 8/8/2018 | | | | N | Y | Refinance |
14.01 | Delaware Commerce Park | 6.4% | 1/31/2019 | GAR/Electr | 23,400 | 6.2% | 3/31/2024 | 8/8/2018 | 8/8/2018 | | | | N | Y | |
14.02 | 34 Executive Drive | | | | | | | 8/8/2018 | 8/8/2018 | | | | N | Y | |
15 | 35 Claver Place | | | | | | | 9/10/2018 | 09/10/2018 | | | | N | Y | Refinance |
16 | Aventura Mall | 2.7% | 1/31/2019 | H&M | 28,830 | 2.4% | 1/31/2027 | 4/27/2018 | 4/27/2018 | | | | N | Y | Refinance |
17 | H Inc. Multifamily Portfolio | | | | | | | 10/06/2017 | 10/06/2017 | | | | N | Y | Refinance |
17.01 | Motor Wheel Lofts | | | | | | | 10/06/2017 | 10/06/2017 | | | | N | Y | |
17.02 | JI Case Lofts | | | | | | | 10/06/2017 | 10/06/2017 | | | | N | Y | |
18 | Waterford Tulsa Apartments | | | | | | | 9/10/2018 | 9/11/2018 | | | | N | Y | Acquisition |
19 | Lakeside Pointe & Fox Club Apartments | | | | | | | Various | Various | | | | N | Y | Refinance |
19.01 | Lakeside Pointe at Nora | | | | | | | 7/11/2018 | 7/9/2018 | | | | N | Y | |
19.02 | Fox Club Apartments | | | | | | | 7/11/2018 | 7/10/2018 | | | | N | Y | |
20 | Virginia Beach Hotel Portfolio | | | | | | | 6/21/2018 | 6/21/2018 | | | | N | Y | Acquisition |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | 6/21/2018 | 6/21/2018 | | | | N | Y | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | 6/21/2018 | 6/21/2018 | | | | N | Y | |
21 | Home Depot Technology Center | | | | | | | 5/17/2018 | 9/27/2018 | | | | N | Y | Acquisition |
22 | Hampton Inn & Suites - Vineland | | | | | | | 8/15/2018 | 8/16/2018 | | | | N | Y | Refinance |
23 | The Tannery | 12.8% | 6/30/2026 | Decision Resources, Inc. | 7,280 | 11.1% | 11/30/2025 | 8/3/2018 | 8/3/2018 | | | | N | Y | Refinance |
24 | Vernon Industrial | | | | | | | 10/15/2018 | 10/16/2018 | | 10/15/2018 | 14.0% | N | Y | Refinance |
25 | Liberty Portfolio | Various | Various | Various | Various | Various | Various | 7/12/2018 | 7/23/2018 | | | | N | Y | Acquisition |
25.01 | Liberty Center at Rio Salado | 10.2% | 2/29/2024 | DriveTime Automotive Group, Inc. | 65,889 | 9.7% | 2/29/2024 | 7/12/2018 | 7/23/2018 | | | | N | Y | |
25.02 | 8501 East Raintree Drive | | | | | | | 7/12/2018 | 7/23/2018 | | | | N | Y | |
26 | Argenta Flats | | | | | | | 10/16/2018 | 10/16/2018 | | | | N | Y | Refinance |
27 | Century Town Center | 5.4% | 11/5/2028 | Fujiyama Japanese Steakhouse | 5,340 | 5.4% | 8/31/2028 | 10/4/2018 | 10/4/2018 | | | | N | Y | Acquisition |
28 | Home2 Suites - Franklin Cool Springs | | | | | | | 10/12/2018 | 10/10/2018 | | | | N | Y | Refinance |
29 | Kennedy Road Marketplace | 10.6% | 12/31/2028 | TCC Wireless LLC | 2,500 | 3.9% | 12/31/2028 | 10/12/2018 | 10/16/2018 | | | | N | Y | Refinance |
30 | 1400 Flat Gap Road | | | | | | | 10/19/2018 | 10/22/2018 | | | | N | Y | Refinance |
31 | Fair Oaks Mall | 1.6% | 1/31/2024 | Victoria’s Secret | 12,170 | 1.6% | 1/31/2026 | 2/9/2018 | 2/8/2018 | | | | N | Y | Refinance |
32 | Norriton Medical Center | 7.3% | 2/28/2025 | Life Path, Inc. | 4,734 | 6.4% | 4/30/2020 | 9/26/2018 | 9/26/2018 | | | | N | Y | Acquisition |
33 | Hampton Inn & Suites McKinney | | | | | | | 5/08/2018 | 5/9/2018 | | | | N | Y | Acquisition |
34 | Kaden Tower | 9.8% | 9/30/2023 | Kiely, Hines and Associates Insurance Agency, Inc. | 6,629 | 7.6% | 7/31/2025 | 10/25/2018 | 10/25/2018 | | | | N | Y | Acquisition |
35 | Buellton Self Storage | | | | | | | 9/25/2018 | 9/25/2018 | | 9/25/2018 | 10.0% | N | Y | Refinance |
36 | Hampton Inn & Suites - Sterling Heights | | | | | | | 12/26/2017 | 12/28/2017 | | | | N | Y | Refinance |
37 | Heartland Village Apartments | | | | | | | 10/5/2018 | 10/9/2018 | | | | N | Y | Acquisition |
38 | CLC Self Storage Portfolio | | | | | | | Various | Various | | | | N | Y | Acquisition |
38.01 | Kangaroo II Self-Storage | | | | | | | 9/5/2018 | 9/5/2018 | | | | N | Y | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | 10/4/2018 | 10/4/2018 | | | | N | Y | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | 10/5/2018 | 10/4/2018 | | | | N | Y | |
39 | 33 Dart Road | | | | | | | 9/27/2018 | 9/27/2018 | | | | N | Y | Refinance |
40 | Condor Self Storage of Ojai | | | | | | | 9/25/2018 | 9/25/2018 | | 9/25/2018 | 10.0% | N | Y | Refinance |
41 | 225 Carolina | | | | | | | 10/10/2018 | 10/15/2018 | | | | N | Y | Acquisition |
42 | Fairmont Crossing | 8.2% | 11/30/2021 | Republic House (Tri City) | 2,043 | 7.0% | 5/31/2023 | 10/2/2018 | 10/3/2018 | | | | N | Y | Refinance |
43 | Infinite Self Storage | | | | | | | 9/26/2018 | 9/26/2018 | | | | N | Y | Refinance |
44 | Willow Ridge | | | | | | | 9/12/2018 | 9/12/2018 | | | | N | Y | Refinance |
45 | New London Square | 6.7% | 11/30/2022 | Williamson Brothers BA | 5,303 | 6.0% | 11/30/2024 | 9/5/2018 | 9/5/2018 | | | | N | Y | Acquisition |
46 | Walgreens - Georgetown, TX | | | | | | | 9/19/2018 | 9/18/2018 | | | | N | Y | Acquisition |
47 | Paso Robles Self Storage | | | | | | | 9/25/2018 | | | 9/25/2018 | 7.0% | N | Y | Refinance |
48 | Cartwright Pointe Plaza | 13.0% | 3/31/2026 | Chevarias Appliances | 2,962 | 4.0% | 6/30/2023 | 10/2/2018 | | | | | N | Y | Recapitalization |
49 | Safeway - Port Angeles | | | | | | | 9/12/2018 | | | 9/12/2018 | 7.0% | N | Y | Acquisition |
50 | 2011 & 2015 Abrams Road | 17.9% | 7/31/2020 | | | | | 10/10/2018 | | | | | N | Y | Refinance |
51 | Heron Lakes Apartments | | | | | | | 4/30/2018 | 04/26/2018 | | | | N | Y | Refinance |
52 | Rochester Square Shopping Center | 7.0% | 7/31/2019 | Sahar Shehata | 1,327 | 7.0% | 6/30/2020 | 8/16/2018 | 8/17/2018 | 9/20/2018 | | | N | Y | Recapitalization |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Tax Escrow - Cash or LoC | Tax Escrow - LoC Counterparty | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Insurance Escrow - Cash or LoC | Insurance Escrow - LoC Counterparty | Upfront Replacement Reserve ($) | Monthly Replacement Reserve ($)(11) | Replacement Reserve Cap ($) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty |
1 | Miami Industrial Portfolio | 0 | 115,875 | 57,937 | Cash | | 0 | Springing | | | 0 | 12,427 | 0 | Cash | |
2 | Sheraton Grand Nashville Downtown | 0 | 1,166,485 | 129,609 | Cash | | 0 | Springing | | | 1,000,000 | 164,042 | 0 | Cash | |
3 | Walgreens - Ginsberg Portfolio | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 0 | | |
3.01 | Walgreens - Alexandria, VA | | | | | | | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | | | | | | | | |
4 | Riverworks | 0 | 137,443 | 68,721 | Cash | | 22,647 | Springing | Cash | | 0 | 2,518 | 0 | Cash | |
5 | 1000 Windward Concourse | 0 | 30,578 | 30,578 | Cash | | 12,732 | 2,546 | Cash | | 0 | 4,400 | 0 | Cash | |
6 | Starwood Hotel Portfolio | 0 | 0 | Springing | | | 0 | Springing | | | 0 | 330,760 | 0 | Cash | |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | | | | | | | | |
6.12 | Courtyard Norman | | | | | | | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | | | | | | | | |
7 | Franklin Towne Center | 0 | 0 | Springing | | | 0 | Springing | | | 0 | 2,883 | 0 | Cash | |
8 | Christiana Mall | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 0 | | |
9 | Bella at Norcross | 0 | 83,569 | 27,856 | Cash | | 58,772 | 7,347 | Cash | | 0 | 6,625 | 0 | Cash | |
10 | 1600 Terrell Mill Road | 3,438 | 93,480 | 31,160 | Cash | | 23,371 | 2,921 | Cash | | 0 | 4,195 | 0 | Cash | |
11 | Memphis Industrial Portfolio | 63,000 | 0 | 41,998 | Cash | | 87,077 | 7,916 | Cash | | 0 | 7,799 | 0 | Cash | |
11.01 | Wolf Lake | | | | | | | | | | | | | | |
11.02 | Stage Hills | | | | | | | | | | | | | | |
12 | Prudential - Digital Realty Portfolio | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 417,173 | | |
12.01 | 14901 FAA Boulevard | | | | | | | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | | | | | | | | |
13 | California Mixed Use Portfolio | 18,313 | 114,994 | 28,749 | Cash | | 53,164 | 3,544 | Cash | | 0 | 5,058 | 0 | Cash | |
13.01 | Daytona RV & Boat Storage | | | | | | | | | | | | | | |
13.02 | Daytona Business Park | | | | | | | | | | | | | | |
13.03 | Absolute Self Storage | | | | | | | | | | | | | | |
14 | Danbury Commerce Portfolio | 478,650 | 120,237 | 40,079; Springing | Cash | | 0 | 4,038; Springing | Cash | | 0 | 3,906 | 0 | Cash | |
14.01 | Delaware Commerce Park | | | | | | | | | | | | | | |
14.02 | 34 Executive Drive | | | | | | | | | | | | | | |
15 | 35 Claver Place | 3,125 | 36,568 | 6,095 | Cash | | 4,936 | 2,468 | Cash | | 0 | 917 | 0 | Cash | |
16 | Aventura Mall | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 487,003 | | |
17 | H Inc. Multifamily Portfolio | 37,188 | 86,421 | 12,346 | Cash | | 4,833 | 1,611 | Cash | | 0 | 2,917 | 0 | Cash | |
17.01 | Motor Wheel Lofts | | | | | | | | | | | | | | |
17.02 | JI Case Lofts | | | | | | | | | | | | | | |
18 | Waterford Tulsa Apartments | 21,875 | 0 | 12,163 | Cash | | 28,715 | 9,572 | Cash | | 0 | 7,167 | 0 | Cash | |
19 | Lakeside Pointe & Fox Club Apartments | 489,440 | 0 | Springing | | | 141,290 | 19,167 | Cash | | 500,000 | 22,946 | 0 | Cash | |
19.01 | Lakeside Pointe at Nora | | | | | | | | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | 0 | 326,006 | 81,502 | Cash | | 0 | 28,642 | Cash | | 0 | 104,329 | 3,755,852 | Cash | |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | | | | | | | | |
21 | Home Depot Technology Center | 0 | 27,577 | 27,577 | Cash | | 0 | Springing | | | 0 | Springing | 0 | | |
22 | Hampton Inn & Suites - Vineland | 0 | 18,649 | 18,649 | Cash | | 4,839 | Springing | Cash | | 0 | 15,709 | 0 | Cash | |
23 | The Tannery | 0 | 15,820 | 5,273 | Cash | | 0 | Springing | | | 762,085 | 1,089 | 0 | Cash | |
24 | Vernon Industrial | 0 | 48,105 | 16,035 | Cash | | 0 | Springing | | | 168,000 | 1,228 | 197,460 | Cash | |
25 | Liberty Portfolio | 3,125 | 89,189 | 44,594 | Cash | | 18,366 | 9,183 | Cash | | 0 | 13,429 | 0 | Cash | |
25.01 | Liberty Center at Rio Salado | | | | | | | | | | | | | | |
25.02 | 8501 East Raintree Drive | | | | | | | | | | | | | | |
26 | Argenta Flats | 0 | 66,796 | 22,265 | Cash | | 25,464 | 3,638 | Cash | | 3,333 | 3,333 | 0 | Cash | |
27 | Century Town Center | 5,125 | 195,756 | 17,796 | Cash | | 0 | Springing | | | 0 | 1,659 | 0 | Cash | |
28 | Home2 Suites - Franklin Cool Springs | 0 | 43,735 | 14,580 | Cash | | 0 | Springing | | | 0 | 12,252 | 0 | Cash | |
29 | Kennedy Road Marketplace | 0 | 134,549 | 19,221 | Cash | | 12,723 | 1,060 | Cash | | 0 | 1,078 | 0 | Cash | |
30 | 1400 Flat Gap Road | 0 | 0 | 18,078 | Cash | | 38,687 | 4,886 | Cash | | 0 | 4,050 | 0 | Cash | |
31 | Fair Oaks Mall | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 0 | | |
32 | Norriton Medical Center | 0 | 79,316 | 19,829 | Cash | | 6,056 | 1,514 | Cash | | 0 | Springing | 0 | | |
33 | Hampton Inn & Suites McKinney | 19,688 | 0 | 13,185 | Cash | | 6,627 | 3,313 | Cash | | 0 | 8,709 | 0 | Cash | |
34 | Kaden Tower | 0 | 17,562 | 8,781 | Cash | | 18,138 | 1,512 | Cash | | 0 | 1,703 | 0 | Cash | |
35 | Buellton Self Storage | 0 | 14,780 | 7,390 | Cash | | 0 | Springing | | | 0 | 999 | 23,976 | Cash | |
36 | Hampton Inn & Suites - Sterling Heights | 0 | 49,454 | 12,363 | Cash | | 9,532 | 1,906 | Cash | | 0 | 8,875 | 0 | Cash | |
37 | Heartland Village Apartments | 16,038 | 83,558 | 20,890 | Cash | | 8,605 | 4,302 | Cash | | 0 | 3,954 | 0 | Cash | |
38 | CLC Self Storage Portfolio | 0 | 12,469 | 12,469 | Cash | | 0 | Springing | | | 0 | 1,748 | 0 | Cash | |
38.01 | Kangaroo II Self-Storage | | | | | | | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | | | | | | | | |
39 | 33 Dart Road | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 0 | | |
40 | Condor Self Storage of Ojai | 0 | 15,048 | 7,524 | Cash | | 0 | Springing | | | 0 | 753 | 18,072 | Cash | |
41 | 225 Carolina | 0 | 0 | 7,502 | Cash | | 0 | Springing | | | 0 | 338 | 0 | Cash | |
42 | Fairmont Crossing | 8,375 | 172,030 | 14,766 | Cash | | 6,098 | 3,049 | Cash | | 0 | 364 | 0 | Cash | |
43 | Infinite Self Storage | 0 | 53,568 | 13,392 | Cash | | 0 | Springing | | | 0 | 803 | 0 | Cash | |
44 | Willow Ridge | 0 | 11,992 | 1,999 | Cash | | 50,042 | 3,574 | Cash | | 0 | 4,396 | 211,000 | Cash | |
45 | New London Square | 0 | 15,616 | 7,808 | Cash | | 1,619 | 1,619 | Cash | | 0 | 1,858 | 0 | Cash | |
46 | Walgreens - Georgetown, TX | 0 | 0 | Springing | | | 0 | Springing | | | 0 | 0 | 0 | | |
47 | Paso Robles Self Storage | 0 | 15,171 | 5,057 | Cash | | 0 | Springing | | | 0 | 1,197 | 28,728 | Cash | |
48 | Cartwright Pointe Plaza | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 0 | | |
49 | Safeway - Port Angeles | 0 | 0 | Springing | | | 0 | Springing | | | 0 | Springing | 0 | | |
50 | 2011 & 2015 Abrams Road | 0 | 5,461 | 5,461 | Cash | | 0 | Springing | | | 0 | 139 | 10,000 | Cash | |
51 | Heron Lakes Apartments | 30,286 | 20,446 | 2,921 | Cash | | 7,198 | 1,800 | Cash | | 0 | 1,409 | 0 | Cash | |
52 | Rochester Square Shopping Center | 0 | 15,511 | 3,878 | Cash | | 0 | Springing | | | 0 | 238 | 0 | Cash | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Upfront TI/LC Reserve ($)(5)(8)(12) | Monthly TI/LC Reserve ($)(8) | TI/LC Reserve Cap ($) | TI/LC Escrow - Cash or LoC | TI/LC Escrow - LoC Counterparty | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Debt Service Escrow - Cash or LoC | Debt Service Escrow - LoC Counterparty | Other Escrow I Reserve Description(11) | Other Escrow I (Initial) ($)(5)(8)(11) |
1 | Miami Industrial Portfolio | 300,000 | 31,067 | 300,000 | Cash | | 0 | 0 | | | Outstanding TI/LC Reserve | 97,587 |
2 | Sheraton Grand Nashville Downtown | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
3 | Walgreens - Ginsberg Portfolio | 0 | Springing | 0 | | | 0 | 0 | | | | 0 |
3.01 | Walgreens - Alexandria, VA | | | | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | | | | | |
4 | Riverworks | 2,000,000 | Springing | 0 | LOC | Bank of America | 0 | 0 | | | Free Rent Reserve | 584,518 |
5 | 1000 Windward Concourse | 0 | 20,952 | 251,425 | Cash | | 0 | 0 | | | Travelers Rollover | 0 |
6 | Starwood Hotel Portfolio | 0 | 0 | 0 | | | 0 | 0 | | | PIP Reserve | 5,408,895 |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | | | | | |
6.12 | Courtyard Norman | | | | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | | | | | |
7 | Franklin Towne Center | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
8 | Christiana Mall | 0 | Springing | 0 | | | 0 | 0 | | | Outstanding TI/LC Reserve | 1,804,093 |
9 | Bella at Norcross | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
10 | 1600 Terrell Mill Road | 1,529,160 | 25,417 | 0 | Cash | | 0 | 0 | | | Anchor Tenant Rollover Reserve | 0 |
11 | Memphis Industrial Portfolio | 250,000 | 32,653 | 1,500,000 | Cash | | 0 | 0 | | | | 0 |
11.01 | Wolf Lake | | | | | | | | | | | |
11.02 | Stage Hills | | | | | | | | | | | |
12 | Prudential - Digital Realty Portfolio | 0 | Springing | 0 | | | 0 | 0 | | | | 0 |
12.01 | 14901 FAA Boulevard | | | | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | | | | | |
13 | California Mixed Use Portfolio | 350,000 | 10,788 | 0 | Cash | | 0 | 0 | | | | 0 |
13.01 | Daytona RV & Boat Storage | | | | | | | | | | | |
13.02 | Daytona Business Park | | | | | | | | | | | |
13.03 | Absolute Self Storage | | | | | | | | | | | |
14 | Danbury Commerce Portfolio | 250,000 | 7,812 | 0 | Cash | | 0 | 0 | | | Excess Flood Insurance Reserve | 50,000 |
14.01 | Delaware Commerce Park | | | | | | | | | | | |
14.02 | 34 Executive Drive | | | | | | | | | | | |
15 | 35 Claver Place | 0 | 0 | 0 | | | 0 | 0 | | | Real Estate Tax Abatement Escrow | 315,000 |
16 | Aventura Mall | 0 | Springing | 6,087,540 | | | 0 | 0 | | | Outstanding Rollover Reserve | 19,392,145 |
17 | H Inc. Multifamily Portfolio | 0 | 0 | 0 | | | 0 | 0 | | | Insolvency Opinion Reserve | 10,000 |
17.01 | Motor Wheel Lofts | | | | | | | | | | | |
17.02 | JI Case Lofts | | | | | | | | | | | |
18 | Waterford Tulsa Apartments | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
19 | Lakeside Pointe & Fox Club Apartments | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
19.01 | Lakeside Pointe at Nora | | | | | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | 0 | 0 | 0 | | | 0 | 0 | | | HGI PIP Reserve | 741,954 |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | | | | | |
21 | Home Depot Technology Center | 0 | 0 | 0 | | | 0 | 0 | | | Outstanding TI/LC Reserve | 1,054,027 |
22 | Hampton Inn & Suites - Vineland | 0 | 0 | 0 | | | 0 | 0 | | | PIP Reserve | 0 |
23 | The Tannery | 1,073,293 | 5,446 | 0 | Cash | | 0 | 0 | | | Forward Rent Reserve | 195,987 |
24 | Vernon Industrial | 0 | 6,138 | 147,300 | Cash | | 0 | 0 | | | | 0 |
25 | Liberty Portfolio | 1,161,769 | Springing | 0 | Cash | | 0 | 0 | | | Free Rent Reserve | 109,603 |
25.01 | Liberty Center at Rio Salado | | | | | | | | | | | |
25.02 | 8501 East Raintree Drive | | | | | | | | | | | |
26 | Argenta Flats | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
27 | Century Town Center | 0 | 8,296 | 0 | Cash | | 0 | 0 | | | Outstanding TI/LC Reserve | 330,660 |
28 | Home2 Suites - Franklin Cool Springs | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
29 | Kennedy Road Marketplace | 325,000 | 2,696 | 0 | Cash | | 0 | 0 | | | | 0 |
30 | 1400 Flat Gap Road | 0 | 6,075 | 250,000 | Cash | | 0 | 0 | | | Outstanding TI/LC Reserve | 200,000 |
31 | Fair Oaks Mall | 3,954,170 | Springing | 0 | Cash | | 0 | 0 | | | Gap Rent Reserve | 1,183,388 |
32 | Norriton Medical Center | 350,000 | 6,184 | 0 | Cash | | 0 | 0 | | | | 0 |
33 | Hampton Inn & Suites McKinney | 0 | 0 | 0 | | | 0 | 0 | | | PIP Reserve | 15,000 |
34 | Kaden Tower | 150,000 | 7,236 | 500,000 | Cash | | 0 | 0 | | | | 0 |
35 | Buellton Self Storage | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
36 | Hampton Inn & Suites - Sterling Heights | 0 | 0 | 0 | | | 0 | 0 | | | PIP Reserve | 161,450 |
37 | Heartland Village Apartments | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
38 | CLC Self Storage Portfolio | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
38.01 | Kangaroo II Self-Storage | | | | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | | | | | |
39 | 33 Dart Road | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
40 | Condor Self Storage of Ojai | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
41 | 225 Carolina | 0 | 3,376 | 0 | Cash | | 0 | 0 | | | | 0 |
42 | Fairmont Crossing | 0 | 2,426 | 145,570 | Cash | | 0 | 0 | | | | 0 |
43 | Infinite Self Storage | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
44 | Willow Ridge | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
45 | New London Square | 160,000 | 3,334 | 160,000 | Cash | | 0 | 0 | | | Springing Marietta Antique Mall Reserve | 0 |
46 | Walgreens - Georgetown, TX | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
47 | Paso Robles Self Storage | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
48 | Cartwright Pointe Plaza | 0 | Springing | 0 | | | 0 | 0 | | | Springing Ross Dress for Less - dd’s Discount Reserve | 0 |
49 | Safeway - Port Angeles | 0 | Springing | 0 | | | 0 | 0 | | | | 0 |
50 | 2011 & 2015 Abrams Road | 0 | Springing | 0 | | | 0 | 0 | | | Outstanding TI Reserve | 51,764 |
51 | Heron Lakes Apartments | 0 | 0 | 0 | | | 0 | 0 | | | | 0 |
52 | Rochester Square Shopping Center | 0 | 1,042 | 40,000 | Cash | | 0 | 0 | | | | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow I (Monthly) ($)(8) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty | Other Escrow II Reserve Description(11) | Other Escrow II (Initial) ($)(8)(11) | Other Escrow II (Monthly) ($)(8) | Other Escrow II Cap ($) |
1 | Miami Industrial Portfolio | 0 | 0 | Cash | | | 0 | 0 | 0 |
2 | Sheraton Grand Nashville Downtown | 0 | 0 | | | | 0 | 0 | 0 |
3 | Walgreens - Ginsberg Portfolio | 0 | 0 | | | | 0 | 0 | 0 |
3.01 | Walgreens - Alexandria, VA | | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | | |
4 | Riverworks | 0 | 0 | Cash | | Outstanding TI Reserve | 308,530 | 0 | 0 |
5 | 1000 Windward Concourse | 16,563 | 0 | Cash | | | 0 | 0 | 0 |
6 | Starwood Hotel Portfolio | 0 | 0 | Cash | | | 0 | 0 | 0 |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | | |
6.12 | Courtyard Norman | | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | | |
7 | Franklin Towne Center | 0 | 0 | | | | 0 | 0 | 0 |
8 | Christiana Mall | 0 | 0 | Cash | | | 0 | 0 | 0 |
9 | Bella at Norcross | 0 | 0 | | | | 0 | 0 | 0 |
10 | 1600 Terrell Mill Road | Springing | 4,000,000 with respect to Quintiles; 3,300,000 with respect to First Data | NAP | | First Data Rent Abatement Reserve | 178,557 | 0 | 0 |
11 | Memphis Industrial Portfolio | 0 | 0 | | | | 0 | 0 | 0 |
11.01 | Wolf Lake | | | | | | | | |
11.02 | Stage Hills | | | | | | | | |
12 | Prudential - Digital Realty Portfolio | 0 | 0 | | | | 0 | 0 | 0 |
12.01 | 14901 FAA Boulevard | | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | | |
13 | California Mixed Use Portfolio | 0 | 0 | | | | 0 | 0 | 0 |
13.01 | Daytona RV & Boat Storage | | | | | | | | |
13.02 | Daytona Business Park | | | | | | | | |
13.03 | Absolute Self Storage | | | | | | | | |
14 | Danbury Commerce Portfolio | 0 | 0 | Cash | | | 0 | 0 | 0 |
14.01 | Delaware Commerce Park | | | | | | | | |
14.02 | 34 Executive Drive | | | | | | | | |
15 | 35 Claver Place | 0 | 0 | Cash | | | 0 | 0 | 0 |
16 | Aventura Mall | 0 | 0 | Cash | | Free Rent/Gap Reserve | 6,776,765 | 0 | 0 |
17 | H Inc. Multifamily Portfolio | 0 | 0 | Cash | | | 0 | 0 | 0 |
17.01 | Motor Wheel Lofts | | | | | | | | |
17.02 | JI Case Lofts | | | | | | | | |
18 | Waterford Tulsa Apartments | 0 | 0 | | | | 0 | 0 | 0 |
19 | Lakeside Pointe & Fox Club Apartments | 0 | 0 | | | | 0 | 0 | 0 |
19.01 | Lakeside Pointe at Nora | | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | | |
20 | Virginia Beach Hotel Portfolio | 0 | 0 | Cash | | Parking and Retail Lease Reserve | 0 | Springing | 0 |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | | |
21 | Home Depot Technology Center | 0 | 0 | Cash | | Outstanding Free Rent Reserve | 361,170 | 0 | 0 |
22 | Hampton Inn & Suites - Vineland | Springing | 0 | | | | 0 | 0 | 0 |
23 | The Tannery | 0 | 0 | Cash | | Free Rent Reserve | 135,313 | 0 | 0 |
24 | Vernon Industrial | 0 | 0 | | | | 0 | 0 | 0 |
25 | Liberty Portfolio | 0 | 0 | Cash | | Ground Rent Reserve | 77,257 | 77,257 | 0 |
25.01 | Liberty Center at Rio Salado | | | | | | | | |
25.02 | 8501 East Raintree Drive | | | | | | | | |
26 | Argenta Flats | 0 | 0 | | | | 0 | 0 | 0 |
27 | Century Town Center | 0 | 0 | Cash | | | 0 | 0 | 0 |
28 | Home2 Suites - Franklin Cool Springs | 0 | 0 | | | | 0 | 0 | 0 |
29 | Kennedy Road Marketplace | 0 | 0 | | | | 0 | 0 | 0 |
30 | 1400 Flat Gap Road | 0 | 0 | Cash | | | 0 | 0 | 0 |
31 | Fair Oaks Mall | 0 | 0 | Cash | | Owned Anchor Reserve (Springing); Owned Anchor Termination Reserve (Springing) | 0 | Springing | 0 |
32 | Norriton Medical Center | 0 | 0 | | | | 0 | 0 | 0 |
33 | Hampton Inn & Suites McKinney | Springing | 0 | Cash | | | 0 | 0 | 0 |
34 | Kaden Tower | 0 | 0 | | | | 0 | 0 | 0 |
35 | Buellton Self Storage | 0 | 0 | | | | 0 | 0 | 0 |
36 | Hampton Inn & Suites - Sterling Heights | 0 | 0 | Cash | | | 0 | 0 | 0 |
37 | Heartland Village Apartments | 0 | 0 | | | | 0 | 0 | 0 |
38 | CLC Self Storage Portfolio | 0 | 0 | | | | 0 | 0 | 0 |
38.01 | Kangaroo II Self-Storage | | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | | |
39 | 33 Dart Road | 0 | 0 | | | | 0 | 0 | 0 |
40 | Condor Self Storage of Ojai | 0 | 0 | | | | 0 | 0 | 0 |
41 | 225 Carolina | 0 | 0 | | | | 0 | 0 | 0 |
42 | Fairmont Crossing | 0 | 0 | | | | 0 | 0 | 0 |
43 | Infinite Self Storage | 0 | 0 | | | | 0 | 0 | 0 |
44 | Willow Ridge | 0 | 0 | | | | 0 | 0 | 0 |
45 | New London Square | Springing | 0 | | | Unit 1437 Reserve | 130,000 | 0 | 0 |
46 | Walgreens - Georgetown, TX | 0 | 0 | | | | 0 | 0 | 0 |
47 | Paso Robles Self Storage | 0 | 0 | | | | 0 | 0 | 0 |
48 | Cartwright Pointe Plaza | Springing | 190,000 | | | | 0 | 0 | 0 |
49 | Safeway - Port Angeles | 0 | 0 | | | | 0 | 0 | 0 |
50 | 2011 & 2015 Abrams Road | 0 | 0 | Cash | | | 0 | 0 | 0 |
51 | Heron Lakes Apartments | 0 | 0 | | | | 0 | 0 | 0 |
52 | Rochester Square Shopping Center | 0 | 0 | | | | 0 | 0 | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Escrow - Cash or LoC | Other Escrow II - LoC Counterparty | Holdback(13) | Ownership Interest(5) | Ground Lease Initial Expiration Date(14) | Annual Ground Rent Payment(14) | Annual Ground Rent Increases | Lockbox(15) | Whole Loan Cut-off Date Balance ($)(7) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) |
1 | Miami Industrial Portfolio | | | | Fee | | | | Springing | | | |
2 | Sheraton Grand Nashville Downtown | | | | Fee | | | | Hard/Springing Cash Management | | | |
3 | Walgreens - Ginsberg Portfolio | | | | Fee | | | | Springing | | | |
3.01 | Walgreens - Alexandria, VA | | | | Fee | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | Fee | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | Fee | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | Fee | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | Fee | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | Fee | | | | | | | |
4 | Riverworks | Cash | | 5,629,000 | Fee | | | | Hard/Springing Cash Management | | | |
5 | 1000 Windward Concourse | | | | Fee | | | | Springing | | | |
6 | Starwood Hotel Portfolio | | | | Fee | | | | Soft/Springing Cash Management | | | |
6.01 | Renaissance St. Louis Airport Hotel | | | | Fee | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | Fee | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | Fee | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | Fee | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | Fee | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | Fee | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | Fee | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | Fee | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | Fee | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | Fee | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | Fee | | | | | | | |
6.12 | Courtyard Norman | | | | Fee | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | Fee | | | | | | | |
6.14 | Courtyard Salisbury | | | | Fee | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | Fee | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | Fee | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | Fee | | | | | | | |
6.18 | Residence Inn Salisbury | | | | Fee | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | Fee | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | Fee | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | Fee | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | Fee | | | | | | | |
7 | Franklin Towne Center | | | | Fee | | | | Hard/Springing Cash Management | | | |
8 | Christiana Mall | | | | Fee and Leasehold | 12/31/2028 | $0 | | Hard/Springing Cash Management | 550,000,000 | 1,987,750 | 212,000,000 |
9 | Bella at Norcross | | | | Fee | | | | None | | | |
10 | 1600 Terrell Mill Road | Cash | | | Fee | | | | Hard/Springing Cash Management | | | |
11 | Memphis Industrial Portfolio | | | | Fee | | | | Hard/Springing Cash Management | | | |
11.01 | Wolf Lake | | | | Fee | | | | | | | |
11.02 | Stage Hills | | | | Fee | | | | | | | |
12 | Prudential - Digital Realty Portfolio | | | | Fee | | | | Soft/Springing Cash Management | | | |
12.01 | 14901 FAA Boulevard | | | | Fee | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | Fee | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | Fee | | | | | | | |
12.04 | 636 Pierce Street | | | | Fee | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | Fee | | | | | | | |
12.06 | 7505 Mason King Court | | | | Fee | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | Fee | | | | | | | |
12.08 | 444 Toyama Drive | | | | Fee | | | | | | | |
13 | California Mixed Use Portfolio | | | | Fee | | | | Soft/Springing Cash Management | | | |
13.01 | Daytona RV & Boat Storage | | | | Fee | | | | | | | |
13.02 | Daytona Business Park | | | | Fee | | | | | | | |
13.03 | Absolute Self Storage | | | | Fee | | | | | | | |
14 | Danbury Commerce Portfolio | | | | Fee | | | | Soft/Upfront Cash Management | | | |
14.01 | Delaware Commerce Park | | | | Fee | | | | | | | |
14.02 | 34 Executive Drive | | | | Fee | | | | | | | |
15 | 35 Claver Place | | | | Fee | | | | Springing | | | |
16 | Aventura Mall | Cash | | | Fee | | | | Hard/Springing Cash Management | 1,750,000,000 | 6,093,631 | 343,300,000 |
17 | H Inc. Multifamily Portfolio | | | | Fee | | | | Springing | | | |
17.01 | Motor Wheel Lofts | | | | Fee | | | | | | | |
17.02 | JI Case Lofts | | | | Fee | | | | | | | |
18 | Waterford Tulsa Apartments | | | 750,000 | Fee | | | | Soft/Springing Cash Management | | | |
19 | Lakeside Pointe & Fox Club Apartments | | | | Fee | | | | Soft/Springing Cash Management | | | |
19.01 | Lakeside Pointe at Nora | | | | Fee | | | | | | | |
19.02 | Fox Club Apartments | | | | Fee | | | | | | | |
20 | Virginia Beach Hotel Portfolio | | | | Fee and Leasehold | | | | Springing | | | |
20.01 | Hilton Virginia Beach Oceanfront | | | | Fee and Leasehold | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | Fee and Leasehold | | | | | | | |
21 | Home Depot Technology Center | Cash | | | Fee | | | | Hard/Springing Cash Management | | | |
22 | Hampton Inn & Suites - Vineland | | | | Fee | | | | Springing | | | |
23 | The Tannery | Cash | | | Fee | | | | Hard/Springing Cash Management | | | |
24 | Vernon Industrial | | | | Fee | | | | Springing | | | |
25 | Liberty Portfolio | Cash | | | Fee and Leasehold | Various | Various | Various | Hard/Springing Cash Management | | | |
25.01 | Liberty Center at Rio Salado | | | | Fee and Leasehold | Various | $916,929 | | | | | |
25.02 | 8501 East Raintree Drive | | | | Fee | | | | | | | |
26 | Argenta Flats | | | | Fee | | | | Soft/Upfront Cash Management | | | |
27 | Century Town Center | | | | Fee | | | | Hard/Springing Cash Management | | | |
28 | Home2 Suites - Franklin Cool Springs | | | | Fee | | | | Springing | | | |
29 | Kennedy Road Marketplace | | | 1,600,000 | Fee | | | | Springing | | | |
30 | 1400 Flat Gap Road | | | | Fee | | | | Hard/Springing Cash Management | | | |
31 | Fair Oaks Mall | | | | Fee | | | | Hard/Springing Cash Management | 258,066,704 | 1,446,681 | 85,000,000 |
32 | Norriton Medical Center | | | | Fee | | | | Hard/Springing Cash Management | | | |
33 | Hampton Inn & Suites McKinney | | | | Fee | | | | Hard/Springing Cash Management | | | |
34 | Kaden Tower | | | | Fee | | | | Hard/Springing Cash Management | | | |
35 | Buellton Self Storage | | | | Fee | | | | None | | | |
36 | Hampton Inn & Suites - Sterling Heights | | | | Fee | | | | Springing | | | |
37 | Heartland Village Apartments | | | | Fee | | | | Soft/Springing Cash Management | | | |
38 | CLC Self Storage Portfolio | | | | Fee | | | | None | | | |
38.01 | Kangaroo II Self-Storage | | | | Fee | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | Fee | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | Fee | | | | | | | |
39 | 33 Dart Road | | | | Fee | | | | Springing | | | |
40 | Condor Self Storage of Ojai | | | | Fee | | | | None | | | |
41 | 225 Carolina | | | | Fee | | | | Hard/Springing Cash Management | | | |
42 | Fairmont Crossing | | | | Fee | | | | Springing | | | |
43 | Infinite Self Storage | | | | Fee | | | | None | | | |
44 | Willow Ridge | | | | Fee | | | | Springing | | | |
45 | New London Square | Cash | | | Fee | | | | None | | | |
46 | Walgreens - Georgetown, TX | | | | Fee | | | | Springing | | | |
47 | Paso Robles Self Storage | | | | Fee | | | | None | | | |
48 | Cartwright Pointe Plaza | | | | Fee | | | | Springing | | | |
49 | Safeway - Port Angeles | | | | Fee | | | | Springing | | | |
50 | 2011 & 2015 Abrams Road | | | | Fee | | | | Springing | | | |
51 | Heron Lakes Apartments | | | | Fee | | | | Springing | | | |
52 | Rochester Square Shopping Center | | | | Fee | | | | None | | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Subordinate Secured Debt Cut-off Date Balance ($) | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut-off Date U/W NOI Debt Yield | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) |
1 | Miami Industrial Portfolio | | | | | | | |
2 | Sheraton Grand Nashville Downtown | | | | | | | |
3 | Walgreens - Ginsberg Portfolio | | | | | | | |
3.01 | Walgreens - Alexandria, VA | | | | | | | |
3.02 | Walgreens - Atlanta, GA | | | | | | | |
3.03 | Walgreens - Burlington, NC | | | | | | | |
3.04 | Walgreens - Franklin, MA | | | | | | | |
3.05 | Walgreens - Chester, MD | | | | | | | |
3.06 | Walgreens - Laredo, TX | | | | | | | |
4 | Riverworks | | | | | | | |
5 | 1000 Windward Concourse | | | | | | | |
6 | Starwood Hotel Portfolio | | | | | | | |
6.01 | Renaissance St. Louis Airport Hotel | | | | | | | |
6.02 | Renaissance Des Moines Savery Hotel | | | | | | | |
6.03 | Residence Inn St. Louis Downtown | | | | | | | |
6.04 | Doubletree Hotel West Palm Beach Airport | | | | | | | |
6.05 | Courtyard Gulfport Beachfront | | | | | | | |
6.06 | Fairfield Inn Atlanta Downtown | | | | | | | |
6.07 | Hotel Indigo Chicago Vernon Hills | | | | | | | |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | | | | | |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | | | | | |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | | | | | |
6.11 | Hilton Garden Inn Wichita | | | | | | | |
6.12 | Courtyard Norman | | | | | | | |
6.13 | Springhill Suites Scranton Wilkes Barre | | | | | | | |
6.14 | Courtyard Salisbury | | | | | | | |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | | | | | |
6.16 | Residence Inn Rocky Mount | | | | | | | |
6.17 | Hampton Inn and Suites Wichita Northeast | | | | | | | |
6.18 | Residence Inn Salisbury | | | | | | | |
6.19 | Courtyard Rocky Mount | | | | | | | |
6.20 | Springhill Suites Wichita East at Plazzio | | | | | | | |
6.21 | Residence Inn Wichita East at Plazzio | | | | | | | |
6.22 | Hampton Inn Oklahoma City Northwest | | | | | | | |
7 | Franklin Towne Center | | | | | | | |
8 | Christiana Mall | 212,000,000 | 1.96 | 1.93 | 52.9% | 8.5% | 8.4% | |
9 | Bella at Norcross | | | | | | | |
10 | 1600 Terrell Mill Road | | | | | | | |
11 | Memphis Industrial Portfolio | | | | | | | 5,500,000 |
11.01 | Wolf Lake | | | | | | | 2,825,195 |
11.02 | Stage Hills | | | | | | | 2,674,805 |
12 | Prudential - Digital Realty Portfolio | | | | | | | |
12.01 | 14901 FAA Boulevard | | | | | | | |
12.02 | 4650 Old Ironsides Drive | | | | | | | |
12.03 | 43790 Devin Shafron Drive | | | | | | | |
12.04 | 636 Pierce Street | | | | | | | |
12.05 | 21551 Beaumeade Circle | | | | | | | |
12.06 | 7505 Mason King Court | | | | | | | |
12.07 | 4700 Old Ironsides Drive | | | | | | | |
12.08 | 444 Toyama Drive | | | | | | | |
13 | California Mixed Use Portfolio | | | | | | | |
13.01 | Daytona RV & Boat Storage | | | | | | | |
13.02 | Daytona Business Park | | | | | | | |
13.03 | Absolute Self Storage | | | | | | | |
14 | Danbury Commerce Portfolio | | | | | | | 7,000,000 |
14.01 | Delaware Commerce Park | | | | | | | 5,550,000 |
14.02 | 34 Executive Drive | | | | | | | 1,450,000 |
15 | 35 Claver Place | | | | | | | 2,500,000 |
16 | Aventura Mall | 343,300,000 | 2.12 | 2.07 | 50.7% | 8.8% | 8.7% | |
17 | H Inc. Multifamily Portfolio | | | | | | | |
17.01 | Motor Wheel Lofts | | | | | | | |
17.02 | JI Case Lofts | | | | | | | |
18 | Waterford Tulsa Apartments | | | | | | | |
19 | Lakeside Pointe & Fox Club Apartments | | | | | | | |
19.01 | Lakeside Pointe at Nora | | | | | | | |
19.02 | Fox Club Apartments | | | | | | | |
20 | Virginia Beach Hotel Portfolio | | | | | | | |
20.01 | Hilton Virginia Beach Oceanfront | | | | | | | |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | | | | | |
21 | Home Depot Technology Center | | | | | | | |
22 | Hampton Inn & Suites - Vineland | | | | | | | |
23 | The Tannery | | | | | | | |
24 | Vernon Industrial | | | | | | | |
25 | Liberty Portfolio | | | | | | | |
25.01 | Liberty Center at Rio Salado | | | | | | | |
25.02 | 8501 East Raintree Drive | | | | | | | |
26 | Argenta Flats | | | | | | | 1,100,000 |
27 | Century Town Center | | | | | | | |
28 | Home2 Suites - Franklin Cool Springs | | | | | | | |
29 | Kennedy Road Marketplace | | | | | | | |
30 | 1400 Flat Gap Road | | | | | | | |
31 | Fair Oaks Mall | 84,367,961 | 1.72 | 1.64 | 47.3% | 11.6% | 11.0% | |
32 | Norriton Medical Center | | | | | | | |
33 | Hampton Inn & Suites McKinney | | | | | | | |
34 | Kaden Tower | | | | | | | |
35 | Buellton Self Storage | | | | | | | |
36 | Hampton Inn & Suites - Sterling Heights | | | | | | | |
37 | Heartland Village Apartments | | | | | | | |
38 | CLC Self Storage Portfolio | | | | | | | |
38.01 | Kangaroo II Self-Storage | | | | | | | |
38.02 | Apublix Self Storage - Sooner Road | | | | | | | |
38.03 | Apublix Self Storage - 10th Street | | | | | | | |
39 | 33 Dart Road | | | | | | | |
40 | Condor Self Storage of Ojai | | | | | | | |
41 | 225 Carolina | | | | | | | |
42 | Fairmont Crossing | | | | | | | |
43 | Infinite Self Storage | | | | | | | |
44 | Willow Ridge | | | | | | | |
45 | New London Square | | | | | | | |
46 | Walgreens - Georgetown, TX | | | | | | | |
47 | Paso Robles Self Storage | | | | | | | |
48 | Cartwright Pointe Plaza | | | | | | | |
49 | Safeway - Port Angeles | | | | | | | |
50 | 2011 & 2015 Abrams Road | | | | | | | |
51 | Heron Lakes Apartments | | | | | | | |
52 | Rochester Square Shopping Center | | | | | | | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Sponsor(16) | Affiliated Sponsors | Mortgage Loan Number |
1 | Miami Industrial Portfolio | Francis Greenburger | | 1 |
2 | Sheraton Grand Nashville Downtown | JRK-Holdings, Limited Parternship; James M. Lippman | | 2 |
3 | Walgreens - Ginsberg Portfolio | Morton Ginsberg | | 3 |
3.01 | Walgreens - Alexandria, VA | | | 3.01 |
3.02 | Walgreens - Atlanta, GA | | | 3.02 |
3.03 | Walgreens - Burlington, NC | | | 3.03 |
3.04 | Walgreens - Franklin, MA | | | 3.04 |
3.05 | Walgreens - Chester, MD | | | 3.05 |
3.06 | Walgreens - Laredo, TX | | | 3.06 |
4 | Riverworks | GEM Realty Evergreen Fund, L.P.; GEM Realty Evergreen Fund PF-NM, L.P. | | 4 |
5 | 1000 Windward Concourse | Sebastian Barbagallo | | 5 |
6 | Starwood Hotel Portfolio | SCG Hotel Investors Holdings L.P. | | 6 |
6.01 | Renaissance St. Louis Airport Hotel | | | 6.01 |
6.02 | Renaissance Des Moines Savery Hotel | | | 6.02 |
6.03 | Residence Inn St. Louis Downtown | | | 6.03 |
6.04 | Doubletree Hotel West Palm Beach Airport | | | 6.04 |
6.05 | Courtyard Gulfport Beachfront | | | 6.05 |
6.06 | Fairfield Inn Atlanta Downtown | | | 6.06 |
6.07 | Hotel Indigo Chicago Vernon Hills | | | 6.07 |
6.08 | Springhill Suites Chicago Southwest at Burr Ridge Hinsdale | | | 6.08 |
6.09 | Holiday Inn & Suites Green Bay Stadium | | | 6.09 |
6.10 | Springhill Suites Chicago Elmhurst Oakbrook Area | | | 6.10 |
6.11 | Hilton Garden Inn Wichita | | | 6.11 |
6.12 | Courtyard Norman | | | 6.12 |
6.13 | Springhill Suites Scranton Wilkes Barre | | | 6.13 |
6.14 | Courtyard Salisbury | | | 6.14 |
6.15 | Homewood Suites St. Louis Riverport Airport West | | | 6.15 |
6.16 | Residence Inn Rocky Mount | | | 6.16 |
6.17 | Hampton Inn and Suites Wichita Northeast | | | 6.17 |
6.18 | Residence Inn Salisbury | | | 6.18 |
6.19 | Courtyard Rocky Mount | | | 6.19 |
6.20 | Springhill Suites Wichita East at Plazzio | | | 6.20 |
6.21 | Residence Inn Wichita East at Plazzio | | | 6.21 |
6.22 | Hampton Inn Oklahoma City Northwest | | | 6.22 |
7 | Franklin Towne Center | Michael Levine; Uri Moche | | 7 |
8 | Christiana Mall | GGP Inc.; PPF Retail, LLC | | 8 |
9 | Bella at Norcross | Gideon D. Levy | | 9 |
10 | 1600 Terrell Mill Road | Asher Roshanzamir | | 10 |
11 | Memphis Industrial Portfolio | D. Curtis Wegener | | 11 |
11.01 | Wolf Lake | | | 11.01 |
11.02 | Stage Hills | | | 11.02 |
12 | Prudential - Digital Realty Portfolio | Digital Realty Trust, L.P. | | 12 |
12.01 | 14901 FAA Boulevard | | | 12.01 |
12.02 | 4650 Old Ironsides Drive | | | 12.02 |
12.03 | 43790 Devin Shafron Drive | | | 12.03 |
12.04 | 636 Pierce Street | | | 12.04 |
12.05 | 21551 Beaumeade Circle | | | 12.05 |
12.06 | 7505 Mason King Court | | | 12.06 |
12.07 | 4700 Old Ironsides Drive | | | 12.07 |
12.08 | 444 Toyama Drive | | | 12.08 |
13 | California Mixed Use Portfolio | DT GRAT LM, LLC | | 13 |
13.01 | Daytona RV & Boat Storage | | | 13.01 |
13.02 | Daytona Business Park | | | 13.02 |
13.03 | Absolute Self Storage | | | 13.03 |
14 | Danbury Commerce Portfolio | Melvyn J. Powers; Mary P. Powers | | 14 |
14.01 | Delaware Commerce Park | | | 14.01 |
14.02 | 34 Executive Drive | | | 14.02 |
15 | 35 Claver Place | Joseph Banda; Perl Weisz | | 15 |
16 | Aventura Mall | Simon Property Group, L.P.; Jacquelyn Soffer; Jeffrey Soffer | | 16 |
17 | H Inc. Multifamily Portfolio | Harry H. Hepler | | 17 |
17.01 | Motor Wheel Lofts | | | 17.01 |
17.02 | JI Case Lofts | | | 17.02 |
18 | Waterford Tulsa Apartments | C.N. David Reischer; Marc Kulick | | 18 |
19 | Lakeside Pointe & Fox Club Apartments | JPC Charities; Oron Zarum | | 19 |
19.01 | Lakeside Pointe at Nora | | | 19.01 |
19.02 | Fox Club Apartments | | | 19.02 |
20 | Virginia Beach Hotel Portfolio | Neil P. Amin; Jay B. Shah | | 20 |
20.01 | Hilton Virginia Beach Oceanfront | | | 20.01 |
20.02 | Hilton Garden Inn Virginia Beach Oceanfront | | | 20.02 |
21 | Home Depot Technology Center | SSP Newmarket, LLC; SM Newmarket Manager, LLC; Centerlane MTC Atlanta, LLC | | 21 |
22 | Hampton Inn & Suites - Vineland | Ed Roth; Henry Roth | | 22 |
23 | The Tannery | Jeffrey Siegel | | 23 |
24 | Vernon Industrial | Mehrdad Moghavem; The Hutton Trust Dated October 14, 2003; Niloofar Moghavem; Charles Rahban; The Charles and Natasha Rahban Living Trust Dated June 27, 1997; Natasha Rahban | | 24 |
25 | Liberty Portfolio | Bruce Karsh | | 25 |
25.01 | Liberty Center at Rio Salado | | | 25.01 |
25.02 | 8501 East Raintree Drive | | | 25.02 |
26 | Argenta Flats | Nathan Salter; J. Brent Salter; Harold Tenenbaum; Jack Grundfest; Joshua Shemper | | 26 |
27 | Century Town Center | Abraham Avi Nechemia; Ehud Nahum | | 27 |
28 | Home2 Suites - Franklin Cool Springs | Mitul I. Patel | | 28 |
29 | Kennedy Road Marketplace | JBL Asset Management | | 29 |
30 | 1400 Flat Gap Road | Eliahou S. Zami; Kenneth N. Cohen | | 30 |
31 | Fair Oaks Mall | The Taubman Realty Group Limited Partnership; Morton Olshan | | 31 |
32 | Norriton Medical Center | Shlomo Tajerstein | | 32 |
33 | Hampton Inn & Suites McKinney | Dr. Akash Patel; Bhavin Patel; Pramod Patel; Chintan Patel | | 33 |
34 | Kaden Tower | Dennis Udwin; Charles Stein | | 34 |
35 | Buellton Self Storage | William B. Kendall; Kendall 2000 Family Trust; Richard Ortale | Y - Group 1 | 35 |
36 | Hampton Inn & Suites - Sterling Heights | Malik Abdulnoor; Jimmy R. Asmar | | 36 |
37 | Heartland Village Apartments | Gopal Damodarasamy Sadagopal; Ryan Schmidt; Jacob Lipp | | 37 |
38 | CLC Self Storage Portfolio | Lawrence Kaplan; George Thacker, III; Richard Schontz | | 38 |
38.01 | Kangaroo II Self-Storage | | | 38.01 |
38.02 | Apublix Self Storage - Sooner Road | | | 38.02 |
38.03 | Apublix Self Storage - 10th Street | | | 38.03 |
39 | 33 Dart Road | Steven M. Rhodes | | 39 |
40 | Condor Self Storage of Ojai | William B. Kendall; Kendall 2000 Family Trust; Richard Ortale | Y - Group 1 | 40 |
41 | 225 Carolina | Danny Benedict | | 41 |
42 | Fairmont Crossing | Ted L. Barr; Joseph G. Greulich; Benjamin D. Sheridan | | 42 |
43 | Infinite Self Storage | Jeffrey L. Kittle Trust U/T/D December 5, 2003; Jeffrey L. Kittle | | 43 |
44 | Willow Ridge | Matthew Lester | | 44 |
45 | New London Square | Rose Jarboe | | 45 |
46 | Walgreens - Georgetown, TX | Lawrence R. Kahn; Joanne F. Kahn | | 46 |
47 | Paso Robles Self Storage | William B. Kendall; Kendall 2000 Family Trust; Richard Ortale | Y - Group 1 | 47 |
48 | Cartwright Pointe Plaza | Brad Scott; Brad Scott Trust dated February 5, 1997 | | 48 |
49 | Safeway - Port Angeles | Brent A. Tucker; Nikki L. Beilfuss; Nikki L. Beilfuss Trust | | 49 |
50 | 2011 & 2015 Abrams Road | Steven A. Lieberman; Six Square Capital, LTD. | | 50 |
51 | Heron Lakes Apartments | Robert M. Dominy, Jr. | | 51 |
52 | Rochester Square Shopping Center | The Farbman Family, LLC; David Kahan | | 52 |
FOOTNOTES TO ANNEX A-1
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans.
| (1) | “AREF” denotes Argentic Real Estate Finance LLC, “WFB” denotes Wells Fargo Bank, National Association, “Barclays” denotes Barclays Bank PLC, “Basis” denotes Basis Real Estate Capital II, LLC and “BSPRT” denotes BSPRT Finance, LLC. |
| (2) | For mortgage loan #1 (Miami Industrial Portfolio), the Number of Units and Occupancy % include two mortgaged properties (486,853 and 258,744 square feet) located approximately one mile apart, which are owned and operated as a single asset by the borrower sponsor. The Number of Units consists of 635,894 square feet of industrial warehouse space and 109,703 square feet of showroom space. |
For mortgage loan #37 (Heartland Village Apartments), the Heartland Village Apartments Mortgaged Property is entirely occupied by students.
| (3) | For mortgage loan #10 (1600 Terrell Mill Road), the 24-month interest-only period commences on August 6, 2022 and ends on July 6, 2024. |
| (4) | For mortgage loan #8 (Christiana Mall), the late payment charge will be waived by the lender for the first three late payments provided that the borrower commences timely payment of interest at the default rate. |
| (5) | For mortgage loan #6 (Starwood Hotel Portfolio), the Appraised Value presented for the Starwood Hotel Portfolio Mortgage Loan reflects a portfolio level appraisal, which includes a diversity premium based on an assumption that all the Starwood Hotel Portfolio Mortgaged Properties would be sold together as a portfolio. The aggregate of the individual Starwood Hotel Portfolio Mortgaged Property appraised values is $377,700,000. In addition, the Renaissance Des Moines Savery Hotel Mortgaged Property Appraised Value assumes a property improvement plan (“PIP”) scheduled for completion in September 2019 has been completed. All outstanding PIP costs have been reserved for at origination. The appraised value assuming the PIP for the Renaissance Des Moines Savery Hotel Mortgaged Property has not been completed is $27,700,000. |
For mortgage loan #6 (Starwood Hotel Portfolio), the Renaissance Des Moines Savery Hotel Mortgaged Property has been offline for renovations since August 2016 and partially reopened in October 2018 and is expected to fully reopen in December 2018. The underwritten values for the Mortgaged Property are based on estimates in the related appraisal.
For mortgage loan #7 (Franklin Towne Center), the lien of the Franklin Towne Center Mortgaged Property includes the borrower’s fee interest in the land but does not include the improvements (although the borrower owns the improvements). The terms of the net lease with Stop & Shop prohibit the borrower from mortgaging the improvements. The Cut-off Date LTV and Balloon LTV are based on the appraised value of $47,800,000, which includes the improvements. The appraised value of the land (if such land were subject to a ground lease pursuant to which the ground tenant would be responsible for the costs of constructing the improvements thereon, if any) is $35,500,000, which would result in a Cut-off Date LTV and Balloon LTV of 81.7% and 57.3%, respectively.
For mortgage loan #20 (Virginia Beach Hotel Portfolio), the August 1, 2019 Stabilized Appraised Value of $45,600,000 for the Hilton Garden Inn Virginia Beach Oceanfront Mortgaged Property assumes that $1,000,000 (50.0% of expected PIP work) would be escrowed by the lender and would be available to a prospective buyer to fund the PIP work at the Hilton Garden Inn Virginia
Beach Oceanfront Mortgaged Property. The Virginia Beach Hotel Portfolio borrowers deposited upfront PIP reserves totalling $741,954, which represents 50.0% of the engineer’s updated estimated costs of the remaining PIP work of $1,483,907. The balance of the remaining PIP work will be funded by the monthly FF&E reserve in an amount of 1/12th of 5.0% of the gross income from operations (initially $104,329 for the portfolio). For the Hilton Garden Inn Virginia Beach Oceanfront Mortgaged Property, the appraiser concluded an as-is appraised value without the PIP assumption of $44,600,000, which results in a total appraised value for the Virginia Beach Hotel Portfolio of $129,400,000, and a Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD of 69.6% and 60.0%, respectively.
For mortgage loan #36 (Hampton Inn & Suites - Sterling Heights), the Appraised Value represents the “As-Stabilized” value, assuming the self-directed performance improvement plan, which is expected to be completed by January 1, 2019, has been completed. The “As-Is” appraised value assuming the self-directed performance improvement plan has not been completed, is $11,800,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $11,800,000 “As-Is” appraised value are 63.6% and 53.5%, respectively.
| (6) | For mortgage loan #2 (Sheraton Grand Nashville Downtown), 23.2% of the total revenue at the Sheraton Grand Nashville Downtown Mortgaged Property is generated by food and beverage components. |
| (7) | For mortgage loan #2 (Sheraton Grand Nashville Downtown), the Sheraton Grand Nashville Downtown Mortgage Loan is evidenced by Notes A-2, A-5 and A-7, three of eight pari passu notes of the Sheraton Grand Nashville Downtown Whole Loan (as defined below), which had a combined Cut-off Date Balance of $160,000,000. Notes A-1, A-3, A-4, A-6, and A-8 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Room/SF figures presented are based on Notes A-1, A-2, A-3, A-4, A-5, A-6, A-7 and A-8 in the aggregate (the “Sheraton Grand Nashville Downtown Whole Loan”). Note A-2 represents the controlling interest in the Sheraton Grand Nashville Downtown Whole Loan. |
For mortgage loan #6 (Starwood Hotel Portfolio), the Starwood Hotel Portfolio Mortgage Loan is evidenced by Note A-4, one of four pari passu notes of the Starwood Hotel Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $265,000,000. Notes A-1, A-2 and A-3 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the “Starwood Hotel Portfolio Whole Loan”). Note A-4 represents the non-controlling interest in the Starwood Hotel Portfolio Whole Loan.
For mortgage loan #8 (Christiana Mall), the Christiana Mall Mortgage Loan is evidenced by Note A-1-D, one of 13 pari passu senior notes, which had a combined Cut-off Date Balance of $338,000,000, of a whole loan (the “Christiana Mall Whole Loan”) consisting of such pari passu senior notes and three pari passu subordinate B-notes, which had a combined Cut-off Date Balance of $212,000,000. Notes A-1-A, A-1-B, A-1-C, A-1-E, A-2-A, A-2-B, A-2-C, A-2-D, A-2-E, A-3-A, A-3-B, A-3-C, B-1, B-2 and B-3 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1-A, A-1-B, A-1-C, A-1-D, A-1-E, A-2-A, A-2-B, A-2-C, A-2-D, A-2-E, A-3-A, A-3-B and A-3-C in the aggregate, but exclude notes B-1, B-2 and B-3. Note A-1-A represents the controlling interest in the Christiana Mall Whole Loan.
For mortgage loan #12 (Prudential – Digital Realty Portfolio), the Prudential – Digital Realty Portfolio Mortgage Loan is evidenced by a non-controlling pari passu Note A-5 of the Prudential – Digital Realty Portfolio Whole Loan, which note had a Cut-off Date Balance of $25,000,000. The Prudential – Digital Realty Portfolio Mortgage Loan is comprised of six pari passu notes, which had a combined Cut-off Date Balance of $212,000,000. Notes A-1, A-2-1, A-2-2, A-3 and A-4 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield, and Cut-off Date Balance Per Unit/SF figures presented are based on the Prudential – Digital Realty Portfolio Whole Loan.
For mortgage loan #14 (Danbury Commerce Portfolio), the Danbury Commerce Portfolio Mortgage Loan represents Note A-2 of two pari passu notes of the Danbury Commerce Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $38,000,000. Note A-1 is not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Danbury Commerce Portfolio Whole Loan”). Note A-2 represents the controlling interest in the Danbury Commerce Portfolio Whole Loan.
For mortgage loan #16 (Aventura Mall), the Aventura Mall Mortgage Loan is evidenced by Note A-2-D-5, one of 26 pari passu senior notes, which had a combined Cut-off Date Balance of $1,406,700,000, of a whole loan (the “Aventura Mall Whole Loan”) consisting of such pari passu senior notes and four pari passu subordinate notes which had a combined Cut-off Date Balance of $343,300,000. The other notes are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on all the 26 pari passu senior notes in the aggregate, but exclude the pari passu subordinate notes. Note A-2-D-5 represents a non-controlling interest in the Aventura Mall Whole Loan.
For mortgage loan #19 (Lakeside Pointe & Fox Club Apartments), the Lakeside Pointe & Fox Club Apartments Mortgage Loan is evidenced by Note A-1 of two pari passu notes of the Lakeside Pointe & Fox Club Apartments Whole Loan (as defined below), which have a combined Cut-off Date Balance of $32,000,000. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Lakeside Pointe & Fox Club Apartments Whole Loan”). Note A-1 represents the controlling interest in the Lakeside Pointe & Fox Club Apartments Whole Loan.
For mortgage loan #20 (Virginia Beach Hotel Portfolio), the Virginia Beach Hotel Portfolio Mortgage Loan is evidenced by Note A-3, one of three pari passu notes of the Virginia Beach Hotel Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $90,000,000. Notes A-1 and A-2 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2 and A-3 in the aggregate (the “Virginia Beach Hotel Portfolio Whole Loan”). Note A-1 represents the controlling interest in the Virginia Beach Hotel Portfolio Whole Loan.
For mortgage loan #21 (Home Depot Technology Center), the Home Depot Technology Center Mortgage Loan is evidenced by Note A-2, one of two pari passu notes of the Home Depot Technology Center Whole Loan (as defined below), which had a combined Cut-off Date Balance of $44,300,000. Note A-1 is not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1 and A-2 in the aggregate (the “Home Depot Technology Center Whole Loan”). Note A-1 represents the controlling interest in the Home Depot Technology Center Whole Loan.
For mortgage loan #25 (Liberty Portfolio), the Liberty Portfolio Mortgage Loan is evidenced by Note A-5, one of eight pari passu notes of the Liberty Portfolio Whole Loan (as defined below), which had a combined Cut-off Date Balance of $165,700,000. Notes A-1, A-2, A-3, A-4, A-6, A-7 and A-8 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1, A-2, A-3, A-4, A-5, A-6, A-7 and A-8 in the aggregate (the “Liberty Portfolio Whole Loan”). Note A-1 represents the controlling interest in the Liberty Portfolio Whole Loan.
For mortgage loan #31 (Fair Oaks Mall), the Fair Oaks Mall Mortgage Loan is evidenced by Note A-2-4, one of six pari passu senior notes, which had a combined Cut-off Date Balance of $173,698,743, of a whole loan (the “Fair Oaks Mall Whole Loan”). consisting of such pari passu senior notes and two pari passu subordinate B-notes which had a combined Cut-off Date Balance of $84,367,961. Notes A-1-1, A-1-2, A-2-1, A-2-2, A-2-3, B-1 and B-2 are not included in the WFCM 2018-C48 securitization trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit/SF figures presented are based on Notes A-1-1, A-1-2, A-2-1, A-2-2, A-2-3 and A-2-4 in the aggregate, but exclude Notes B-1 and B-2. Note A-1-1 represents the controlling interest in the
Fair Oaks Mall Whole Loan. With respect to DSCR figures, debt service is calculated based on the allocated principal and interest payments per a specific amortization schedule.
| (8) | In certain cases, mortgage loans may have tenants that have executed leases, but may not be fully paying rent or occupying the related leased premises that were included in the underwriting. |
For mortgage loan #4 (Riverworks), the fifth largest tenant (14,230 square feet), representing 7.1% of net rentable square feet, has taken possession but has fully abated rent through June 2019, and then partially abated rent amount through December 2019. All outstanding free rent, tenant improvements and leasing commissions were reserved for at origination.
For mortgage loan #23 (The Tannery), the fifth largest tenant (7,280 square feet), representing 11.1% of net rentable square feet, has executed a lease and has taken occupancy, but does not commence paying rent until January 2019. The third largest tenant (10,476 square feet), representing 16.0% of net rentable square feet, will begin paying rent on May 1, 2019, after a four-month rent abatement period.
For mortgage loan #27 (Century Town Center), the fourth largest tenant (5,347 square feet), representing 5.4% of net rentable square feet, has executed a lease and has started paying rent but is not expected to take occupancy until February 28, 2019, pending the build-out of its leased space.
| (9) | The tenant early termination options discussed in this footnote are not intended to be an exclusive list. In particular, termination options based on co-tenancy clauses are generally included only for top five tenants by net rentable square feet if the option is currently or imminently exercisable. |
For mortgage loan #1 (Miami Industrial Portfolio), the second largest tenant (20,846 square feet), representing 2.8% of the net rentable square feet, has two separate expiration dates for its combined 20,846 square feet of space: 16,625 square feet will expire on September 30, 2019 and 4,221 square feet will expire on November 30, 2020.
For mortgage loan #3 (Walgreens – Ginsberg Portfolio), the sole tenant at each Walgreens – Ginsberg Portfolio Mortgaged Property, representing 100.0% of net rentable square feet of the Walgreens – Ginsberg Portfolio, may terminate its lease. The sole tenants at the Walgreens – Alexandria, VA Mortgaged Property (14,469 square feet) and Walgreens – Atlanta, GA Mortgaged Property (14,110 square feet), each may terminate its lease as of October 31, 2033 and March 31, 2035, respectively, and every five years thereafter, upon providing six months’ written notice. The sole tenant at the Walgreens – Burlington, NC Mortgaged Property (14,550 square feet), may terminate its lease as of November 30, 2033 and every five years thereafter, upon providing 12 months’ written notice. The sole tenants at the Walgreens – Franklin, MA Mortgaged Property (14,550 square feet), the Walgreens – Chester, MD Mortgaged Property (14,550 square feet) and the Walgreens – Laredo, TX Mortgaged Property (14,820 square feet), may each terminate its lease monthly on or after January 31, 2035, April 30, 2035 and April 30, 2034, respectively, upon providing 12 months’ written notice.
For mortgage loan #5 (1000 Windward Concourse), the largest tenant (140,255 square feet), representing 55.8% of net rentable square feet, may terminate its lease with respect to up to 10.0% of the then rentable area of its premises at any time after December 31, 2019, upon nine months’ prior notice.
For mortgage loan #10 (1600 Terrell Mill Road), the second largest tenant (112,729 square feet), representing 44.8% of net rentable square feet, may terminate 50,972 square feet of its space as of August 31, 2023 upon providing notice by August 31, 2022 and paying a termination fee equal to all unamortized tenant improvement allowance, landlord work and leasing commissions.
For mortgage loan #11 (Memphis Industrial Portfolio), the second largest tenant (31,320 square feet), representing 6.7% of net rentable square feet, may terminate its lease in December 2020 with 180 days’ notice and payment of a termination fee equal to $391,441 at least 60 days prior to the termination date.
For mortgage loan #12 (Prudential – Digital Realty Portfolio), the sole tenant at the 7505 Mason King Court Mortgaged Property has a one-time right to terminate its lease effective on December 31, 2020, with nine months’ prior written notice, and payment of a termination fee equal to unamortized tenant improvement costs and leasing commissions.
For mortgage loan #13 (California Mixed Use Portfolio), with respect to the Daytona Business Park Mortgaged Property, the second largest tenant is occupying two spaces of 21,000 square feet and 17,473 square feet. The lease expiration dates for these spaces are May 31, 2021 and September 30, 2022, respectively.
For the mortgage loan #21 (Home Depot Technology Center), the second largest tenant, (36,829 square feet), representing 10.6% of net rentable square feet, has a one-time option to terminate its lease effective as of August 31, 2026 after giving 360 days written notice and payment to the landlord in an amount equal to $727,786.28.
For mortgage loan #23 (The Tannery), the second largest tenant (12,923 square feet), representing 19.8% of net rentable square feet, may terminate its lease after July 1, 2024 upon, among other things, 12 months’ prior notice and payment of a termination fee equal to unamortized cost of landlord work and five months of base rent. The fifth largest tenant (7,280 square feet), representing 11.1% of net rentable square feet, may terminate its lease if the landlord does not deliver their space with landlord’s work substanitally complete by February 28, 2019.
For mortgage loan #25 (Liberty Portfolio), with respect to the Liberty Center at Rio Salado Mortgaged Property, the largest tenant (352,988 square feet), representing 43.8% of the net rentable square feet, has three separate expiration dates for its combined 352,988 square feet of space: 77,867 square feet will expire on January 22, 2028, 236,131 square feet will expire on January 31, 2028 and 38,990 square feet will expire on December 31, 2028.
For mortgage loan #31 (Fair Oaks Mall), the third largest tenant (20,265 square feet), representing 2.6% of net rentable square feet, has a termination option if it fails to achieve gross sales of at least $6,000,000 for the period from March 28, 2021 to March 29, 2022, effective as of March 29, 2023.
For mortgage loan #32 (Norriton Medical Center), the largest tenant (11,249 square feet), representing 15.2% of net rentable square feet, may terminate its lease on certain expansion space (2,486 square feet) on March 2020, provided that (i) such tenant provides the borrower with written notice of its intent to terminate the lease at least six months prior to the termination date, and (ii) the termination notice is accompanied by a termination fee in the amount of $17,000. The third largest tenant (5,988 square feet), representing 8.1% of net rentable square feet, may terminate its lease on May 1, 2023 provided 270 days’ prior written notice is given along with a termination fee equal to the sum of the unamortized portions of the landlord’s work and brokerage commission. These costs will be amortized at an 8.0% interest rate.
For mortgage loan #34 (Kaden Tower), the fourth largest tenant (8,542 square feet), representing 9.8% of net rentable square feet, may terminate its lease any time after August 31, 2021 with 30 days prior written notice.
For mortgage loan #42 (Fairmont Crossing), the largest tenant (7,070 square feet), representing 24.3% of the net rentable square feet, is a medical office space.
For mortgage loan #45 (New London Square), the second largest tenant (10,605 square feet), representing 11.9% of net rentable square feet, may reduce its space or terminate its lease as of February 29, 2020, upon providing notice by October 31, 2019.
For mortgage loan #46 (Walgreens – Georgetown, TX), the sole tenant has a right to terminate its lease any time after January 31, 2037, with 12 months’ prior written notice.
For mortgage loan #48 (Cartwright Pointe Plaza), the largest tenant (19,137 square feet), representing 26.0% of net rentable square feet, may terminate its lease if its gross sales in the lease year ending January 31, 2020 do not exceed $6,500,000, upon 120 days’ written notice, delivered within 365 days following the lease year ending January 31, 2020.
| (10) | For mortgage loan #4 (Riverworks), the largest tenant (44,170 square feet), representing 21.9% of net rentable square feet, has subleased 36,291 square feet of its space (which may include additional square footage of mezzanine space) for a base rent of $29.00 per square foot, which will increase to $35.00 per square foot in July 2019, and 10,501 square feet of its space for a base rent of $37.50 per square foot, pursuant to two subleases that are coterminous with the prime lease expiring in October 2020. The largest tenant remains responsible for all obligations, including the payment of rent, under the prime lease. |
For mortgage loan #7 (Franklin Towne Center), the sole tenant relocated to an adjacent property in 2005 but entered into a net lease with the borrower at the Franklin Towne Center Mortgaged Property for a term expiring in 2030 for purposes of preventing a market competitor from leasing such space. The sole tenant is not in occupancy of and subleases portions of its space to approximately seventeen individual retail subtenants (representing approximately 50% of the net rentable area at the Franklin Towne Center Mortgaged Property) with varying expiration dates. The sole tenant remains responsible for all obligations, including the payment of rent, under the prime lease.
For mortgage loan #10 (1600 Terrell Mill Road), the second largest tenant (112,729 square feet), representing 44.8% of net rentable square feet, has multiple lease expirations. 61,757 net rentable square feet expires in August 2023 and 50,972 net rentable square feet expires in August 2026. The tenant is currently paying rent on the 50,972 square foot portion, which is currently being built out, with the final anticipated completion in February 2019.
For mortgage loan #11 (Memphis Industrial Portfolio), 12 tenants (41,646 square feet), representing 8.9% of net rentable square feet, have lease expirations prior to June 30, 2019. The loan guarantor has entered into a master lease that may be drawn upon to cover debt service.
For mortgage loan #14 (Danbury Commerce Portfolio), the fifth largest tenant at the Delaware Commerce Park Mortgaged Property (23,400 square feet), representing 6.2% of net rentable square feet of the Delaware Commerce Park Mortgaged Property, has multiple leases that expire as follows: 16,400 square feet expire on 3/31/2024 and 7,000 square feet expire on 12/31/2019.
For mortgage loan #41 (225 Carolina), the largest tenant (25,985 square feet), representing 64.1% of net rentable square feet, has multiple leases that expire as follows: 15,876 square feet expire on 4/30/2026, 9,399 square feet expire on 12/31/2027 and 710 square feet expire on 7/31/2027.
| (11) | For mortgage loan #10 (1600 Terrell Mill Road), the second largest tenant (112,729 square feet), representing 44.8% of net rentable square feet, was granted a rent abatement on 50,972 square feet of its space equal to one month of free rent applied each June through the end of the lease term. A rent abatement reserve equal to $178,556.62 was taken at loan origination. |
For mortgage loan #20 (Virginia Beach Hotel Portfolio), the monthly FF&E reserve will be in an amount equal to 1/12th of 5% of room revenues of the Virginia Beach Hotel Portfolio Mortgaged Property until completion of the required PIP work as confirmed by the lender. Thereafter the borrower will be required to make monthly deposits into the FF&E reserve account in an amount
equal to the greater of 1/12th of 4% of total room revenues of the Virginia Beach Hotel Portfolio Mortgaged Property or the amount required to be reserved for FF&E expenditures or ongoing or future PIPs. Upon completion of the required PIP work, monthly deposits to the FF&E reserve account will be capped at three years’ worth of collections.
For the mortgage loan #21 (Home Depot Technology Center), the second largest tenant (36,829 square feet), representing 10.6% of net rentable square feet, has a rent abatement period from January 1, 2019 through August 1, 2019, in the amount of $45,146 per month. A rent abatement reserve in the amount of $361,170 was escrowed at closing.
For mortgage loan #33 (Hampton Inn & Suites McKinney), the monthly replacement reserve, to be adjusted annually each January, is equal to the greater of: (i) 1/12th of 4% of the actual annual gross income and (ii) such amount required by the related franchisor, but in no event may the monthly replacement reserve be less than the initial monthly replacement reserve of $8,709. Collection of the monthly replacement reserve will commence on December 1, 2018.
For mortgage loan #36 (Hampton Inn & Suites – Sterling Heights), the Monthly Replacement Reserve, to be adjusted annually each January, is equal to the greater of: (i) 1/12th of 4% of the actual annual gross income and (ii) such amount required by the related franchisor, but in no event may the Monthly Replacement Reserve be less than the initial Monthly Replacement Reserve of $8,875. Collection of the Monthly Replacement Reserve will commence on January 1, 2019.
| (12) | For mortgage loan #1 (Miami Industrial Portfolio), TI/LC underwriting is inclusive of a straight-line credit for the upfront TI/LC reserve equal to $30,000, which is 10.0% of the upfront TI/LC reserve of $300,000. At the Miami Industrial Portfolio Mortgage Loan origination, $300,000 was deposited into a tenant improvement and leasing commission reserve account for future re-tenanting expenses. |
For mortgage loan #20 (Virginia Beach Hotel Portfolio), the historical F&B revenues have been normalized to reflect the new borrower-affiliated F&B lease that commenced at loan origination. At the Virginia Beach Hotel Portfolio Mortgage Loan origination, the borrower leased out all F&B operations of the restaurants in the portfolio to Shamin-TLV Inc., an affiliate of the borrower.
| (13) | For mortgage loan #4 (Riverworks), all LTV, DSCR and Debt Yield figures are calculated assuming the loan amount less a $5,629,000 letter of credit, which the borrower delivered as additional colleteral in lieu of an earnout holdback. The letter of credit can be disbursed in whole or in part if no event of default has occurred and is continuing and the earnout debt yield is greater than 10.0%. Assuming the full letter of credit balance is not applied to pay down the full loan amount of $38,629,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 60.0%, 60.0%, 1.85x, 1.73x, 9.1% and 8.5%, respectively. |
For mortgage loan #18 (Waterford Tulsa Apartments), all LTV, DSCR and Debt Yield figures are calculated assuming the loan amount less a $750,000 holdback. $500,000 of the holdback can be disbursed if no event of default has occurred and is continuing and the earnout debt yield is greater than 9.0% for one quarter. The remaining $250,000 of the holdback can be disbursed to the borrower provided that no event of default has occurred and is continuing, the earnout debt yield is greater than 9.0% for one quarter and the lender has received satisfactory evidence that at least $250,000 of interior upgrades required under the Waterford Tulsa Apartments Mortgage Loan documents have been performed at the Waterford Tulsa Apartments Mortgaged Property. Assuming the full holdback balance is not applied to pay down the full loan amount of $18,144,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 74.7%, 69.3%, 1.38x, 1.31x, 9.3% and 8.8%, respectively.
For mortgage loan #29 (Kennedy Road Marketplace), all LTV, DSCR and Debt Yield figures are calculated assuming the loan amount less a $1,600,000 holdback. $1,250,000 of the holdback can be disbursed in whole or in part if no event of default has occurred and is continuing, the earnout debt yield is greater than 9.1% and either (i)(a) Mattress Firm has assumed its lease during its ongoing bankruptcy proceeding, the related bankruptcy plan has been approved by the applicable court and Mattress Firm is in occupancy, open for business and paying normal, unabated rent in accordance with the terms of its lease and (b) the 2019 termination option set forth in the Mattress Firm lease has expired or (ii) the related lease is terminated and replaced with a new lease for a term of no less than five years that meets the requirements set forth in the loan documents and the related tenant is in occupancy, open for business and paying rent and provides an acceptable estoppel. The disbursement conditions must be satisfied within 36 months of origination or the lender will prepay the mortgage loan with the balance of reserve funds, subject to the payment of a yield maintenance premium. The remaining $350,000 of the holdback can be disbursed in whole or in part if no event of default has occurred and is continuing, the earnout debt yield is greater than 9.09% and either (i) Gamestop has renewed its lease for at least one year or (ii) the related lease is terminated and replaced with a new lease for a term of no less than three years that meets the requirements set forth in the loan documents and the related tenant is in occupancy, open for business and paying rent and provides an acceptable estoppel. The disbursement conditions must be satisfied within 36 months of origination or the lender will prepay the mortgage loan with the balance of reserve funds, subject to the payment of a yield maintenance premium. Assuming the full holdback balance is not applied to pay down the full loan amount of $11,500,000, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 69.3%, 64.1%, 1.29x, 1.27x, 8.5% and 8.4%, respectively.
| (14) | For mortgage loan #8 (Christiana Mall), a 4.154-acre portion of the parking lot at the Christiana Mall Mortgaged Property is owned by Macy’s and ground leased to the borrower pursuant to a parking lease agreement, dated as of July 30, 2010. Consequently, the Christiana Mall Mortgage Loan, with respect to such portion of the Christiana Mall Mortgaged Property, is secured only by the borrower’s leasehold interest. The parking lease agreement will terminate on December 31, 2028, provided; however, that Macy’s can terminate the parking lease agreement at any time with 12 months’ notice. The parking lease agreement does not contain customary mortgagee protection provisions and is scheduled to expire prior to the date that is ten years after the loan term. |
For mortgage loan #10 (1600 Terrell Mill Road), in connection with receiving certain tax abatements through the PILOT program offered through the Development Authority of Cobb County, Georgia (the “Development Authority”), the borrower transferred its fee interest in a portion of the 1600 Terrell Mill Road Property occupied by the largest tenant to the Development Authority and the Development Authority then entered into a ground lease with the borrower for the same portion of the 1600 Terrell Mill Road Property. The Development Authority also consented to granting to lender a security interest in the ground leased property. At closing, lender has a perfected security interest in the fee and leasehold interests in the property located at 1600 Terrell Mill Road. In addition, upon termination of these tax abatements on December 1, 2018, the borrower is required to purchase the fee interest in this portion of the 1600 Terrell Mill Road Property back from the Development Authority of Cobb County, Georgia for $100.
For mortgage loan #20 (Virginia Beach Hotel Portfolio), attached to the Virginia Beach Hotel Portfolio — Hilton Virginia Beach Oceanfront Mortgaged Property by way of an overhead walkway is a 1,000-car parking garage with ground floor retail. The borrower has a leasehold interest in a portion of the garage consisting of 380 parking garage spaces. The leased fee holder of the garage is the City of Virginia Beach Development Authority. Rent under the parking lease is currently approximately $222,000 per year and expires on June 30, 2070. Additionally, the borrower has also entered a lease for the ground floor retail portion of the parking garage, which provides approximately 26,000 square feet of commercial space to the borrower as well as an additional 58 parking spaces for exclusive retail use. The annual lease expense is $378,930 with the lease term expiring on June 30, 2030. There are currently 13 tenants leasing the retail space
for a total underwritten base rent of $765,284 resulting in a net positive cash flow. Tenants include Starbucks and other small shops that cater to the hotel’s customer base.
In addition, for mortgage loan #20 (Virginia Beach Hotel Portfolio), with respect to the Hilton Garden Inn Virginia Beach Oceanfront Mortgaged Property, the borrower has a leasehold interest in an off-site parking garage where the borrower leases 168 spaces from 34th Street Garage, LLC. Annual rent under the lease equals $1.00 and the lease expires in May 2105.
For mortgage loan #25 (Liberty Portfolio), with respect to the Liberty Center at Rio Salado Mortgaged Property, the borrower has a leasehold interest in each of the buildings located at the Liberty Center at Rio Salado Mortgaged Property, which are subject to the Government Property Lease Excise Tax (“GPLET”) abatement until expiration of the underlying lease, at which point title in the fee interest will automatically vest in the borrower. The GPLET abatement expires at each of the buildings as follows: (i) 1850 West Rio Salado Parkway expires on October 29, 2022, (ii) 1870 West Rio Salado Parkway expires on February 14, 2026, (iii) 1910 West Rio Salado Parkway expires on July 7, 2023 and (iv) 1930 West Rio Salado Parkway expires on September 27, 2024. In lieu of paying real estate taxes, the borrower pays to the Arizona Department of Revenue and City of Tempe, in the form of rent, 50% of what the respective buildings’ real estate taxes otherwise would have been (2018 rent due under the GPLET abatement for the four buildings located at the Liberty Center at Rio Salado Mortgaged Property was equal to $882,940). There are currently no extension options available for the GPLET abatement for the Liberty Center at Rio Salado Mortgaged Property.
| (15) | For mortgage loan #13 (California Mixed Use Portfolio), the in-place lockbox is hard for commercial tenants at the California Mixed Use Portfolio Mortgaged Properties and is soft for self-storage and RV/boat storage at the California Mixed Use Portfolio Mortgaged Properties. |
| (16) | For mortgage loan #24 (Vernon Industrial), the largest tenant (82,978 square feet), representing 56.3% of net rentable square feet, is affiliated with the borrower. |