FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226486-06 | ||
WFCM 2019-C51 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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. UBS Securities LLC, Drexel Hamilton, LLC, Academy Securities, Inc., 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 | Year Renovated | Number of Units(2) |
1 | Nova Place | WFB | 100 South Commons | Pittsburgh | PA | 15212 | Office | CBD | 1966 | 2019 | 1,142,745 | |
2 | 188 Spear Street | Barclays | 188 Spear Street | San Francisco | CA | 94105 | Office | CBD | 1972 | 2012 | 218,669 | |
3 | 450-460 Park Avenue South | WFB | 450-460 Park Avenue South | New York | NY | 10016 | Office | CBD | 1912 | 2019 | 182,845 | |
4 | El Con Center | RMF | 3601 East Broadway Boulevard | Tucson | AZ | 85716 | Retail | Anchored | 1971 | 2014 | 480,383 | |
5 | Shetland Park | RMF | 16 Lynch Street; 18 Perkins Street; 47 and 78 Congress Street | Salem | MA | 01970 | Mixed Use | Industrial/Office/Self Storage | 1916 | 2016 | 1,191,297 | |
6 | ExchangeRight Net Leased Portfolio #27 | Barclays | Various | Various | Various | Various | Various | Various | Various | Various | 349,490 | |
6.01 | Hy-Vee - Cottage Grove, MN | Barclays | 7280 East Point Douglas Road South | Cottage Grove | MN | 55016 | Retail | Single Tenant | 2017 | 100,206 | ||
6.02 | BioLife Plasma Services - Savannah, GA | Barclays | 3603 Ogeechee Road | Savannah | GA | 31405 | Office | Medical | 2019 | 15,730 | ||
6.03 | Pick n Save - Muskego, WI | Barclays | S74 W17005 Janesville Road | Muskego | WI | 53150 | Retail | Single Tenant | 1988 | 2017 | 62,300 | |
6.04 | Walgreens - Lubbock, TX | Barclays | 6420 82nd Street | Lubbock | TX | 79424 | Retail | Single Tenant | 2006 | 14,820 | ||
6.05 | Walgreens - Houma, LA | Barclays | 5831 West Park Avenue | Houma | LA | 70364 | Retail | Single Tenant | 2006 | 14,490 | ||
6.06 | Walgreens - Greendale, WI | Barclays | 6210 West Loomis Road | Greendale | WI | 53129 | Retail | Single Tenant | 1998 | 13,905 | ||
6.07 | Walgreens - Edmond, OK | Barclays | 2675 North Kelly Avenue | Edmond | OK | 73003 | Retail | Single Tenant | 2007 | 14,762 | ||
6.08 | Tractor Supply - Duncansville, PA | Barclays | 2002 Plank Road | Duncansville | PA | 16635 | Retail | Single Tenant | 2004 | 19,104 | ||
6.09 | Walgreens - Dayton, OH | Barclays | 1542 Wayne Avenue | Dayton | OH | 45410 | Retail | Single Tenant | 1998 | 13,905 | ||
6.10 | Walgreens - Augusta, GA | Barclays | 672 Furys Ferry Road | Augusta | GA | 30907 | Retail | Single Tenant | 2004 | 13,650 | ||
6.11 | Advance Auto Parts - Houston, TX | Barclays | 12611 Market Street | Houston | TX | 77015 | Retail | Single Tenant | 2018 | 6,912 | ||
6.12 | O’Reilly - South Houston, TX | Barclays | 1502 College Avenue | South Houston | TX | 77587 | Retail | Single Tenant | 2013 | 7,000 | ||
6.13 | O’Reilly - Knoxville, TN | Barclays | 5904 Clinton Highway | Knoxville | TN | 37912 | Retail | Single Tenant | 2014 | 7,125 | ||
6.14 | Dollar General - South Point, OH | Barclays | 314 Delta Lane | South Point | OH | 45680 | Retail | Single Tenant | 2019 | 9,002 | ||
6.15 | Dollar General - Slidell, LA | Barclays | 62257 Highway 11 | Slidell | LA | 70364 | Retail | Single Tenant | 2018 | 9,002 | ||
6.16 | Dollar General - Houma, LA | Barclays | 2298 Coteau Road | Houma | LA | 70364 | Retail | Single Tenant | 2018 | 9,026 | ||
6.17 | Dollar Tree - Kaukauna, WI | Barclays | 321 East Ann Street | Kaukauna | WI | 54130 | Retail | Single Tenant | 2018 | 9,525 | ||
6.18 | Dollar General - Mansfield, OH | Barclays | 2257 Park Avenue East | Mansfield | OH | 44903 | Retail | Single Tenant | 2019 | 9,026 | ||
7 | Royal Caribbean - Miramar | UBS AG | 14700 Caribbean Way | Miramar | FL | 33027 | Office | Suburban | 2001 | 2018 | 128,540 | |
8 | TOPS Self Storage | RMF | 3485 Old Conejo Road | Thousand Oaks | CA | 91320 | Self Storage | Self Storage | 1982 | 2018 | 149,599 | |
9 | Center North | Barclays | 14600 Detroit Avenue | Lakewood | OH | 44107 | Multifamily | High Rise | 1974 | 2019 | 211 | |
10 | The Chantilly Office Portfolio | UBS AG | Various | Chantilly | VA | 20151 | Office | Suburban | Various | 429,126 | ||
10.01 | Stoneleigh I | UBS AG | 4800 Westfields Boulevard | Chantilly | VA | 20151 | Office | Suburban | 2006 | 109,598 | ||
10.02 | Stoneleigh II | UBS AG | 4840 Westfields Boulevard | Chantilly | VA | 20151 | Office | Suburban | 2006 | 106,547 | ||
10.03 | Glenview II | UBS AG | 14155 Newbrook Drive | Chantilly | VA | 20151 | Office | Suburban | 2000 | 77,427 | ||
10.04 | Glenview I | UBS AG | 14151 Newbrook Drive | Chantilly | VA | 20151 | Office | Suburban | 2000 | 76,760 | ||
10.05 | Glenbrook III | UBS AG | 14150 Newbrook Drive | Chantilly | VA | 20151 | Office | Suburban | 2000 | 58,794 | ||
11 | CIRE Equity Retail & Industrial Portfolio | UBS AG | Various | Various | Various | Various | Various | Various | Various | Various | 1,190,355 | |
11.01 | Wood Village Town Center | UBS AG | 22557 Park Lane | Wood Village | OR | 97060 | Retail | Anchored | 2006 | 137,105 | ||
11.02 | Pecan Promenade | UBS AG | 2735-2755 South 99th Avenue; 9820-9870 West Lower Buckeye Road | Tolleson | AZ | 85353 | Retail | Anchored | 2006 | 141,485 | ||
11.03 | Valley Plaza | UBS AG | 3115 South McClintock Drive | Tempe | AZ | 85282 | Retail | Anchored | 1991 | 146,226 | ||
11.04 | Pear Tree | UBS AG | 504 East Perkins Street | Ukiah | CA | 95482 | Retail | Anchored | 1977 | 1998 | 197,437 | |
11.05 | Glendale Market Square | UBS AG | 5840, 5870, 5880, 5890 West Bell Road; 17045 North 59th Avenue | Glendale | AZ | 85308 | Retail | Anchored | 1988 | 185,907 | ||
11.06 | Central Park Shopping Center | UBS AG | 7425-7719 East Iliff Avenue; 2150 South Quebec Street | Unincorporated Arapahoe | CO | 80231 | Retail | Anchored | 1986 | 147,563 | ||
11.07 | Val Vista Towne Center | UBS AG | 1395-1505 East Warner Road | Gilbert | AZ | 85296 | Retail | Anchored | 2000 | 93,352 | ||
11.08 | 2641 Hall Ave - Riverside, CA | UBS AG | 2641 Hall Avenue | Riverside | CA | 92509 | Industrial | Warehouse | 1987 | 34,982 | ||
11.09 | 606 W Troy - Indianapolis, IN | UBS AG | 606 West Troy Avenue | Indianapolis | IN | 46225 | Industrial | Warehouse | 1967 | 1989 | 22,860 | |
11.10 | Homeland - Bartow, FL | UBS AG | 5700 US Highway 17 South | Bartow | FL | 33830 | Industrial | Warehouse | 1983 | 67,438 | ||
11.11 | 2621 Hall Ave - Riverside, CA | UBS AG | 2621 Hall Avenue | Riverside | CA | 92509 | Industrial | Warehouse | 1990 | 16,000 | ||
12 | 155 Tice Boulevard | WFB | 155 Tice Boulevard | Woodcliff Lake | NJ | 07677 | Office | Suburban | 1980 | 2009 | 118,092 | |
13 | Grand Plaza Commercial | RMF | 701 West Cesar Estrada Chavez Avenue | Los Angeles | CA | 90012 | Mixed Use | Retail/Office | 1991 | 2019 | 71,320 | |
14 | Patuxent Crossing | Barclays | 9755 Patuxent Woods Drive and 9770-9830 Patuxent Woods Drive | Columbia | MD | 21046 | Office | Suburban | 1986 | 294,730 | ||
15 | 3636 North Central Avenue | Barclays | 3636 North Central Avenue | Phoenix | AZ | 85012 | Office | CBD | 1983 | 2018 | 218,081 | |
16 | Rittenhouse Square | Barclays | 1501 Locust Street | Philadelphia | PA | 19102 | Mixed Use | Multifamily/Retail | 1912 | 2009 | 34,205 | |
17 | CVS El Monte and Ontario | RMF | Crossed Group 1 | Various | Various | CA | Various | Retail | Single Tenant | Various | 45,980 | |
17.01 | CVS Ontario | RMF | Crossed Group 1 | 2456 South Grove Avenue | Ontario | CA | 91761 | Retail | Single Tenant | 1985 | 26,006 | |
17.02 | CVS El Monte | RMF | Crossed Group 1 | 9920 Garvey Avenue | El Monte | CA | 91733 | Retail | Single Tenant | 1968 | 19,974 | |
18 | CVS Compton | RMF | Crossed Group 1 | 220 East Compton Boulevard | Compton | CA | 90220 | Retail | Single Tenant | 1983 | 22,880 | |
19 | Crossroads Shopping Center - Madera | WFB | 1406-1490 East Yosemite Avenue | Madera | CA | 93638 | Retail | Anchored | 2008 | 95,754 | ||
20 | Cross Creek Shopping Center | CIIICM | 14500-14544 Racho Boulevard | Taylor | MI | 48180 | Retail | Anchored | 1991 | 2019 | 141,468 | |
21 | University Square Shopping Center | RMF | 12730 West Interstate Highway 10 | San Antonio | TX | 78230 | Retail | Anchored | 1998 | 76,172 | ||
22 | El Paso Self Storage Portfolio | CIIICM | Various | El Paso | TX | Various | Self Storage | Self Storage | Various | 217,370 | ||
22.01 | Extra Space Self Storage - Resler | CIIICM | 995 North Resler Drive | El Paso | TX | 79912 | Self Storage | Self Storage | 2009 | 77,625 | ||
22.02 | Extra Space Self Storage - Helen of Troy | CIIICM | 6950 Helen of Troy Drive | El Paso | TX | 79911 | Self Storage | Self Storage | 2014 | 79,590 | ||
22.03 | Extra Space Self Storage - Dyer | CIIICM | 10201 Dyer Street | El Paso | TX | 79924 | Self Storage | Self Storage | 2012 | 60,155 | ||
23 | Johnson Storage Portfolio | CIIICM | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various | 365,364 | |
23.01 | Superior Self Storage | CIIICM | 3102 South McColl Road | Edinburg | TX | 78539 | Self Storage | Self Storage | 2005 | 2018 | 50,350 | |
23.02 | Barksdale Self Storage | CIIICM | 2205 Barksdale Boulevard | Bossier City | LA | 71112 | Self Storage | Self Storage | 1984 | 2018 | 59,815 | |
23.03 | Action Self Storage | CIIICM | 1624 Morgan Boulevard | Harlingen | TX | 78550 | Self Storage | Self Storage | 1986 | 2018 | 50,690 | |
23.04 | Owosso Mini Storage | CIIICM | 1005 West Main Street | Owosso | MI | 48867 | Self Storage | Self Storage | 1991 | 2015 | 39,200 | |
23.05 | A&A Self Storage | CIIICM | 68 Green Street | Warner Robins | GA | 31093 | Self Storage | Self Storage | 1991 | 2018 | 40,150 | |
23.06 | North Main Self Storage | CIIICM | 1712 North Main Street | Las Cruces | NM | 88001 | Self Storage | Self Storage | 1975 | 2018 | 35,561 | |
23.07 | Industrial Park Mini Storage | CIIICM | 970 North Pine Hill Road | Birmingham | AL | 35217 | Self Storage | Self Storage | 1988 | 2017 | 17,950 | |
23.08 | Euclid Self Storage | CIIICM | 1381 East 276th Street | Euclid | OH | 44132 | Self Storage | Self Storage | 1985 | 2018 | 35,298 | |
23.09 | Hallmark Mini Storage | CIIICM | 4013 East Stan Schlueter Loop | Killeen | TX | 76542 | Self Storage | Self Storage | 2003 | 2016 | 36,350 | |
24 | Hilton at University Place | Barclays | 8629 JM Keynes Drive | Charlotte | NC | 28262 | Hospitality | Full Service | 1988 | 2016 | 393 | |
25 | Embassy Suites - Williamsburg | CIIICM | 3006 Mooretown Road | Williamsburg | VA | 23185 | Hospitality | Full Service | 1987 | 2015 | 161 | |
26 | Alma Park Shopping Center | WFB | 2040 and 2050 North Alma School Road | Chandler | AZ | 85224 | Retail | Anchored | 1985 | 68,678 | ||
27 | Holiday Inn Express - Orem | WFB | 1290 West University Parkway | Orem | UT | 84058 | Hospitality | Limited Service | 2010 | 2018 | 122 | |
28 | Courtyard by Marriott Beaumont | CIIICM | 2275 Interstate 10 South | Beaumont | TX | 77705 | Hospitality | Select Service | 1998 | 2018 | 78 | |
29 | Frederick Avenue Shopping Center | RMF | 401 North Frederick Avenue | Gaithersburg | MD | 20878 | Retail | Unanchored | 1962 | 30,420 | ||
30 | Coventry Commons | UBS AG | 43401-43429 Joy Road | Canton Township | MI | 48187 | Retail | Anchored | 1987 | 111,484 | ||
31 | Asbury Commons | UBS AG | 2851 Henley Road | Green Cove Springs | FL | 32043 | Retail | Anchored | 2004 | 55,273 | ||
32 | Hampton Inn - Milan | UBS AG | 11608 US-250 | Milan | OH | 44846 | Hospitality | Limited Service | 2014 | 70 | ||
33 | Cedar Run Corporate Center | RMF | 901 East 8th Avenue | King of Prussia | PA | 19406 | Office | Suburban | 1973 | 2002 | 59,034 | |
34 | Holiday Inn Express Wilkes Barre East | RMF | 1063 Highway 315 | Wilkes Barre | PA | 18702 | Hospitality | Limited Service | 1990 | 2019 | 117 | |
35 | CLC Self Storage - Redford | WFB | 15440 Telegraph Road | Redford | MI | 48239 | Self Storage | Self Storage | 2006 | 56,557 | ||
36 | Dick’s Sporting Goods - Wausau | UBS AG | 4600 Rib Mountain Drive | Rib Mountain | WI | 54401 | Retail | Single Tenant | 2016 | 45,000 | ||
37 | All American Storage Bloomington South | CIIICM | 2600 South Henderson Street | Bloomington | IN | 47401 | Self Storage | Self Storage | 1990 | 2007 | 55,114 |
A-1-1
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 | Year Renovated | Number of Units(2) |
38 | Firewheel Corners Shopping Center | RMF | 5255 President George Bush Turnpike | Garland | TX | 75040 | Retail | Shadow Anchored | 2005 | 22,125 | ||
39 | Lakeland MHP | CIIICM | 5545, 5575, 5595 Old Highway 53 | Clearlake | CA | 95422 | Manufactured Housing Community | Manufactured Housing Community | 1950 | 2017 | 107 | |
40 | All American Storage East | CIIICM | 100 Kingston Drive | Bloomington | IN | 47408 | Self Storage | Self Storage | 1986 | 50,784 | ||
41 | Wolverine Portfolio | UBS AG | Various | Various | Various | Various | Manufactured Housing Community | Manufactured Housing Community | Various | Various | 1,649 | |
41.01 | Apple Tree Estates | UBS AG | 1061 Wilson Avenue Northwest | Walker | MI | 49534 | Manufactured Housing Community | Manufactured Housing Community | 1971 | 2005 | 238 | |
41.02 | South Lyon | UBS AG | 530 Lanier Street | South Lyon | MI | 48178 | Manufactured Housing Community | Manufactured Housing Community | 1972 | 211 | ||
41.03 | Metro Commons | UBS AG | 28745 Van Born Road | Romulus | MI | 48174 | Manufactured Housing Community | Manufactured Housing Community | 1978 | 227 | ||
41.04 | Brighton Village | UBS AG | 7500 West Grand River | Brighton | MI | 48114 | Manufactured Housing Community | Manufactured Housing Community | 1960 | 193 | ||
41.05 | College Heights | UBS AG | 3501 Auburn Road | Auburn Hills | MI | 48326 | Manufactured Housing Community | Manufactured Housing Community | 1964 | 161 | ||
41.06 | Hillcrest | UBS AG | 3205 Douglas Avenue | Kalamazoo | MI | 49004 | Manufactured Housing Community | Manufactured Housing Community | 1962 | 150 | ||
41.07 | Royal Village | UBS AG | 7519 Dorr Street; 7519 Nebraska Avenue | Toledo | OH | 43615 | Manufactured Housing Community | Manufactured Housing Community | 1979 | 233 | ||
41.08 | Fernwood | UBS AG | 2701 Staghorn Court | Deland | FL | 32724 | Manufactured Housing Community | Manufactured Housing Community | 1971 | 92 | ||
41.09 | Satellite Bay | UBS AG | 6250 Roosevelt Boulevard | Clearwater | FL | 33760 | Manufactured Housing Community | Manufactured Housing Community | 1973 | 83 | ||
41.10 | Chalet Village | UBS AG | 14622 North Nebraska Avenue | Tampa | FL | 33613 | Manufactured Housing Community | Manufactured Housing Community | 1965 | 2005 | 61 | |
42 | Gala Bend Apartments | Barclays | 525 West Avon Road | Sparta | WI | 54656 | Multifamily | Garden | 2017 | 48 | ||
43 | Palms at Dover | CIIICM | 5134 and 5230 East 60 Highway and 5205 Berry Patch Road | Dover | FL | 33527 | Manufactured Housing Community | Manufactured Housing Community | 1972 | 2017 | 127 | |
44 | 3699 Hamner Ave Retail Center | WFB | 3699 Hamner Avenue | Norco | CA | 92860 | Retail | Unanchored | 2005 | 12,787 | ||
45 | Depot Self Storage | RMF | 2450 Derita Road | Concord | NC | 28027 | Self Storage | Self Storage | 2002 | 59,450 | ||
46 | Walgreens - Richardson, TX | WFB | 500 Centennial Boulevard | Richardson | TX | 75081 | Retail | Single Tenant | 2007 | 14,820 | ||
47 | Concourse Office Center | WFB | 4343 Concourse Drive | Ann Arbor | MI | 48108 | Office | Suburban | 2003 | 29,668 | ||
48 | Apache West MHP | CIIICM | 1035 West Main Street | Mesa | AZ | 85201 | Manufactured Housing Community | Manufactured Housing Community | 1955 | 2016 | 75 | |
49 | Elmira Shopping Center | CIIICM | 179 Elmira Road | Vacaville | CA | 95687 | Retail | Unanchored | 2004 | 13,277 | ||
50 | Stuff N’ Storage | CIIICM | 1139 Vanderbilt Circle | Manteca | CA | 95337 | Self Storage | Self Storage | 1989 | 2018 | 33,215 | |
51 | Quality Inn and Suites - Portsmouth | RMF | 5100 Old Scioto Trail | Portsmouth | OH | 45662 | Hospitality | Limited Service | 2000 | 2018 | 62 | |
52 | Cool Storage | RMF | 1001 North Barfield Drive | Marco Island | FL | 34145 | Self Storage | Self Storage | 1984 | 2003 | 15,743 | |
53 | Sunshine Self Storage | CIIICM | 2250 Highway 129 | Jefferson | GA | 30549 | Self Storage | Self Storage | 2002 | 35,400 | ||
54 | Rolling Oaks MHP | CIIICM | 1606 Frances Street and 1500 Grant Street | Pleasanton | TX | 78064 | Manufactured Housing Community | Manufactured Housing Community | 1995 | 2019 | 62 |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Unit of Measure | Cut-off Date Balance Per Unit/SF(3) | Original Balance ($) | Cut-off Date Balance ($)(3) | % 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 | ARD Loan Maturity Date | Gross Mortgage Rate | Trust Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate |
1 | Nova Place | Sq. Ft. | 123 | 71,000,000 | 71,000,000 | 9.7% | 71,000,000 | N | 6/3/2019 | 7/11/2019 | 6/11/2029 | 6/11/2029 | 4.19200% | 0.00219% | 0.00960% | 0.01500% | 0.00050% | ||
2 | 188 Spear Street | Sq. Ft. | 572 | 47,000,000 | 47,000,000 | 6.4% | 47,000,000 | N | 6/5/2019 | 7/6/2019 | 6/6/2029 | 6/6/2029 | 3.57000% | 0.00000% | 0.00960% | 0.00500% | 0.00050% | ||
3 | 450-460 Park Avenue South | Sq. Ft. | 410 | 45,000,000 | 45,000,000 | 6.2% | 45,000,000 | N | 5/1/2019 | 6/11/2019 | 5/11/2029 | 5/11/2029 | 3.70000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
4 | El Con Center | Sq. Ft. | 131 | 45,000,000 | 45,000,000 | 6.2% | 45,000,000 | N | 5/1/2019 | 6/6/2019 | 5/6/2029 | 5/6/2029 | 4.82000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
5 | Shetland Park | Sq. Ft. | 49 | 45,000,000 | 44,901,066 | 6.2% | 41,602,963 | N | 5/1/2019 | 6/6/2019 | 6/6/2019 | 5/6/2024 | 5.15000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
6 | ExchangeRight Net Leased Portfolio #27 | Sq. Ft. | 146 | 41,000,000 | 41,000,000 | 5.6% | 41,000,000 | N | 5/7/2019 | 6/6/2019 | 5/6/2029 | 5/6/2029 | 4.34275% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
6.01 | Hy-Vee - Cottage Grove, MN | Sq. Ft. | 10,665,622 | 10,665,622 | 1.5% | ||||||||||||||
6.02 | BioLife Plasma Services - Savannah, GA | Sq. Ft. | 5,132,027 | 5,132,027 | 0.7% | ||||||||||||||
6.03 | Pick n Save - Muskego, WI | Sq. Ft. | 3,895,201 | 3,895,201 | 0.5% | ||||||||||||||
6.04 | Walgreens - Lubbock, TX | Sq. Ft. | 2,754,750 | 2,754,750 | 0.4% | ||||||||||||||
6.05 | Walgreens - Houma, LA | Sq. Ft. | 2,643,918 | 2,643,918 | 0.4% | ||||||||||||||
6.06 | Walgreens - Greendale, WI | Sq. Ft. | 2,489,716 | 2,489,716 | 0.3% | ||||||||||||||
6.07 | Walgreens - Edmond, OK | Sq. Ft. | 2,392,423 | 2,392,423 | 0.3% | ||||||||||||||
6.08 | Tractor Supply - Duncansville, PA | Sq. Ft. | 1,768,501 | 1,768,501 | 0.2% | ||||||||||||||
6.09 | Walgreens - Dayton, OH | Sq. Ft. | 1,326,089 | 1,326,089 | 0.2% | ||||||||||||||
6.10 | Walgreens - Augusta, GA | Sq. Ft. | 1,301,077 | 1,301,077 | 0.2% | ||||||||||||||
6.11 | Advance Auto Parts - Houston, TX | Sq. Ft. | 1,019,177 | 1,019,177 | 0.1% | ||||||||||||||
6.12 | O’Reilly - South Houston, TX | Sq. Ft. | 957,336 | 957,336 | 0.1% | ||||||||||||||
6.13 | O’Reilly - Knoxville, TN | Sq. Ft. | 875,416 | 875,416 | 0.1% | ||||||||||||||
6.14 | Dollar General - South Point, OH | Sq. Ft. | 815,181 | 815,181 | 0.1% | ||||||||||||||
6.15 | Dollar General - Slidell, LA | Sq. Ft. | 795,103 | 795,103 | 0.1% | ||||||||||||||
6.16 | Dollar General - Houma, LA | Sq. Ft. | 754,946 | 754,946 | 0.1% | ||||||||||||||
6.17 | Dollar Tree - Kaukauna, WI | Sq. Ft. | 729,246 | 729,246 | 0.1% | ||||||||||||||
6.18 | Dollar General - Mansfield, OH | Sq. Ft. | 684,270 | 684,270 | 0.1% | ||||||||||||||
7 | Royal Caribbean - Miramar | Sq. Ft. | 228 | 29,250,000 | 29,250,000 | 4.0% | 29,250,000 | N | 5/6/2019 | 6/6/2019 | 5/6/2029 | 5/6/2029 | 4.17500% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
8 | TOPS Self Storage | Sq. Ft. | 180 | 27,000,000 | 27,000,000 | 3.7% | 24,900,456 | N | 5/23/2019 | 7/6/2019 | 6/6/2024 | 7/6/2024 | 6/6/2029 | 5.00000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
9 | Center North | Units | 125,592 | 26,500,000 | 26,500,000 | 3.6% | 23,356,945 | N | 5/31/2019 | 7/6/2019 | 6/6/2022 | 7/6/2022 | 6/6/2029 | 4.80000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
10 | The Chantilly Office Portfolio | Sq. Ft. | 108 | 22,350,000 | 22,350,000 | 3.1% | 22,350,000 | N | 5/16/2019 | 7/6/2019 | 6/6/2029 | 6/6/2029 | 4.15000% | 0.00000% | 0.00960% | 0.00500% | 0.00050% | ||
10.01 | Stoneleigh I | Sq. Ft. | 5,709,256 | 5,709,256 | 0.8% | ||||||||||||||
10.02 | Stoneleigh II | Sq. Ft. | 5,550,129 | 5,550,129 | 0.8% | ||||||||||||||
10.03 | Glenview II | Sq. Ft. | 4,031,197 | 4,031,197 | 0.6% | ||||||||||||||
10.04 | Glenview I | Sq. Ft. | 3,997,443 | 3,997,443 | 0.5% | ||||||||||||||
10.05 | Glenbrook III | Sq. Ft. | 3,061,974 | 3,061,974 | 0.4% | ||||||||||||||
11 | CIRE Equity Retail & Industrial Portfolio | Sq. Ft. | 108 | 22,000,000 | 22,000,000 | 3.0% | 22,000,000 | N | 5/9/2019 | 7/6/2019 | 6/6/2029 | 6/6/2029 | 4.13900% | 0.00000% | 0.00960% | 0.01145% | 0.00050% | ||
11.01 | Wood Village Town Center | Sq. Ft. | 3,625,669 | 3,625,669 | 0.5% | ||||||||||||||
11.02 | Pecan Promenade | Sq. Ft. | 3,370,357 | 3,370,357 | 0.5% | ||||||||||||||
11.03 | Valley Plaza | Sq. Ft. | 3,066,080 | 3,066,080 | 0.4% | ||||||||||||||
11.04 | Pear Tree | Sq. Ft. | 2,856,234 | 2,856,234 | 0.4% | ||||||||||||||
11.05 | Glendale Market Square | Sq. Ft. | 2,704,679 | 2,704,679 | 0.4% | ||||||||||||||
11.06 | Central Park Shopping Center | Sq. Ft. | 2,459,859 | 2,459,859 | 0.3% | ||||||||||||||
11.07 | Val Vista Towne Center | Sq. Ft. | 2,168,407 | 2,168,407 | 0.3% | ||||||||||||||
11.08 | 2641 Hall Ave - Riverside, CA | Sq. Ft. | 639,983 | 639,983 | 0.1% | ||||||||||||||
11.09 | 606 W Troy - Indianapolis, IN | Sq. Ft. | 477,982 | 477,982 | 0.1% | ||||||||||||||
11.10 | Homeland - Bartow, FL | Sq. Ft. | 338,085 | 338,085 | 0.0% | ||||||||||||||
11.11 | 2621 Hall Ave - Riverside, CA | Sq. Ft. | 292,665 | 292,665 | 0.0% | ||||||||||||||
12 | 155 Tice Boulevard | Sq. Ft. | 186 | 22,000,000 | 21,960,798 | 3.0% | 16,209,992 | N | 5/31/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 4.60000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
13 | Grand Plaza Commercial | Sq. Ft. | 252 | 18,000,000 | 18,000,000 | 2.5% | 18,000,000 | N | 5/28/2019 | 7/6/2019 | 6/6/2029 | 6/6/2029 | 4.86000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
14 | Patuxent Crossing | Sq. Ft. | 124 | 16,575,000 | 16,575,000 | 2.3% | 14,194,321 | N | 4/4/2019 | 5/6/2019 | 4/6/2021 | 5/6/2021 | 4/6/2029 | 4.60000% | 0.00000% | 0.00960% | 0.00375% | 0.00050% | |
15 | 3636 North Central Avenue | Sq. Ft. | 65 | 14,250,000 | 14,232,039 | 2.0% | 11,617,081 | N | 5/24/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.74000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
16 | Rittenhouse Square | Sq. Ft. | 412 | 14,100,000 | 14,100,000 | 1.9% | 12,106,896 | N | 5/7/2019 | 7/6/2019 | 6/6/2021 | 7/6/2021 | 6/6/2029 | 4.70120% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
17 | CVS El Monte and Ontario | Sq. Ft. | 198 | 8,380,000 | 8,362,189 | 1.1% | 6,960,555 | N | 5/1/2019 | 6/1/2019 | 6/1/2019 | 5/1/2029 | 5.31000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
17.01 | CVS Ontario | Sq. Ft. | 4,739,676 | 4,729,602 | 0.6% | ||||||||||||||
17.02 | CVS El Monte | Sq. Ft. | 3,640,324 | 3,632,587 | 0.5% | ||||||||||||||
18 | CVS Compton | Sq. Ft. | 198 | 5,270,000 | 5,258,799 | 0.7% | 4,377,342 | N | 5/1/2019 | 6/1/2019 | 6/1/2019 | 5/1/2029 | 5.31000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
19 | Crossroads Shopping Center - Madera | Sq. Ft. | 142 | 13,575,000 | 13,575,000 | 1.9% | 11,572,936 | N | 5/7/2019 | 6/11/2019 | 5/11/2021 | 6/11/2021 | 5/11/2029 | 4.43000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
20 | Cross Creek Shopping Center | Sq. Ft. | 95 | 13,500,000 | 13,500,000 | 1.9% | 11,280,003 | N | 6/7/2019 | 7/11/2019 | 6/11/2020 | 7/11/2020 | 6/11/2029 | 4.65000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
21 | University Square Shopping Center | Sq. Ft. | 176 | 13,412,000 | 13,393,852 | 1.8% | 10,788,748 | N | 5/28/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.35000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
22 | El Paso Self Storage Portfolio | Sq. Ft. | 58 | 12,500,000 | 12,500,000 | 1.7% | 12,500,000 | N | 3/5/2019 | 4/11/2019 | 3/11/2029 | 3/11/2029 | 5.00000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
22.01 | Extra Space Self Storage - Resler | Sq. Ft. | 5,725,000 | 5,725,000 | 0.8% | ||||||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | Sq. Ft. | 4,700,000 | 4,700,000 | 0.6% | ||||||||||||||
22.03 | Extra Space Self Storage - Dyer | Sq. Ft. | 2,075,000 | 2,075,000 | 0.3% | ||||||||||||||
23 | Johnson Storage Portfolio | Sq. Ft. | 33 | 11,927,000 | 11,912,643 | 1.6% | 9,804,272 | N | 5/31/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 4.99000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
23.01 | Superior Self Storage | Sq. Ft. | 2,737,000 | 2,733,705 | 0.4% | ||||||||||||||
23.02 | Barksdale Self Storage | Sq. Ft. | 1,842,000 | 1,839,783 | 0.3% | ||||||||||||||
23.03 | Action Self Storage | Sq. Ft. | 1,450,000 | 1,448,255 | 0.2% | ||||||||||||||
23.04 | Owosso Mini Storage | Sq. Ft. | 1,400,000 | 1,398,315 | 0.2% | ||||||||||||||
23.05 | A&A Self Storage | Sq. Ft. | 1,105,000 | 1,103,670 | 0.2% | ||||||||||||||
23.06 | North Main Self Storage | Sq. Ft. | 931,000 | 929,879 | 0.1% | ||||||||||||||
23.07 | Industrial Park Mini Storage | Sq. Ft. | 905,000 | 903,911 | 0.1% | ||||||||||||||
23.08 | Euclid Self Storage | Sq. Ft. | 867,000 | 865,956 | 0.1% | ||||||||||||||
23.09 | Hallmark Mini Storage | Sq. Ft. | 690,000 | 689,169 | 0.1% | ||||||||||||||
24 | Hilton at University Place | Rooms | 116,649 | 11,000,000 | 10,962,474 | 1.5% | 9,074,855 | N | 4/4/2019 | 5/6/2019 | 5/6/2019 | 4/6/2029 | 5.10000% | 0.00000% | 0.00960% | 0.00500% | 0.00050% | ||
25 | Embassy Suites - Williamsburg | Rooms | 60,418 | 9,740,000 | 9,727,290 | 1.3% | 7,889,359 | N | 6/4/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 4.55000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
26 | Alma Park Shopping Center | Sq. Ft. | 118 | 8,100,000 | 8,081,355 | 1.1% | 6,645,784 | N | 5/6/2019 | 6/11/2019 | 6/11/2019 | 5/11/2029 | 4.93000% | 0.00219% | 0.00960% | 0.06250% | 0.00050% | ||
27 | Holiday Inn Express - Orem | Rooms | 59,767 | 7,300,000 | 7,291,580 | 1.0% | 6,045,614 | N | 5/24/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 5.22000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
28 | Courtyard by Marriott Beaumont | Rooms | 85,725 | 6,695,000 | 6,686,577 | 0.9% | 5,459,823 | N | 6/3/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 4.75000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
29 | Frederick Avenue Shopping Center | Sq. Ft. | 209 | 6,368,000 | 6,359,383 | 0.9% | 5,122,484 | N | 5/30/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.35000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
30 | Coventry Commons | Sq. Ft. | 56 | 6,200,000 | 6,192,481 | 0.8% | 5,089,858 | N | 5/29/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.95000% | 0.00219% | 0.00960% | 0.05500% | 0.00050% | ||
31 | Asbury Commons | Sq. Ft. | 106 | 5,887,500 | 5,880,160 | 0.8% | 4,809,345 | N | 5/15/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.80000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
32 | Hampton Inn - Milan | Rooms | 82,754 | 5,800,000 | 5,792,769 | 0.8% | 4,737,869 | N | 5/16/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.80000% | 0.00219% | 0.00960% | 0.05500% | 0.00050% | ||
33 | Cedar Run Corporate Center | Sq. Ft. | 97 | 5,750,000 | 5,750,000 | 0.8% | 5,195,081 | N | 5/24/2019 | 7/6/2019 | 6/6/2023 | 7/6/2023 | 6/6/2029 | 4.95000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
34 | Holiday Inn Express Wilkes Barre East | Rooms | 48,611 | 5,700,000 | 5,687,468 | 0.8% | 4,710,340 | N | 4/30/2019 | 6/6/2019 | 6/6/2019 | 5/6/2029 | 5.15000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
35 | CLC Self Storage - Redford | Sq. Ft. | 90 | 5,100,000 | 5,100,000 | 0.7% | 4,548,462 | N | 1/8/2019 | 2/11/2019 | 1/11/2022 | 2/11/2022 | 1/11/2029 | 5.35000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
36 | Dick’s Sporting Goods - Wausau | Sq. Ft. | 109 | 4,940,000 | 4,924,910 | 0.7% | 3,738,877 | N | 4/18/2019 | 6/6/2019 | 6/6/2019 | 5/6/2029 | 5.33000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
37 | All American Storage Bloomington South | Sq. Ft. | 87 | 4,800,000 | 4,800,000 | 0.7% | 3,988,839 | N | 5/30/2019 | 7/11/2019 | 6/11/2020 | 7/11/2020 | 6/11/2029 | 4.47000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Unit of Measure | Cut-off Date Balance Per Unit/SF(3) | Original Balance ($) | Cut-off Date Balance ($)(3) | % of Aggregate Cut-off Date Balance | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date | Last IO Pay Date | First P&I Pay Date | Maturity Date or Anticipated Repayment Date | ARD Loan Maturity Date | Gross Mortgage Rate | Trust Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate |
38 | Firewheel Corners Shopping Center | Sq. Ft. | 190 | 4,214,000 | 4,208,298 | 0.6% | 3,389,784 | N | 5/28/2019 | 7/6/2019 | 7/6/2019 | 6/6/2029 | 4.35000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
39 | Lakeland MHP | Pads | 38,735 | 4,150,000 | 4,144,682 | 0.6% | 3,372,958 | N | 5/30/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 4.65000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
40 | All American Storage East | Sq. Ft. | 79 | 4,025,000 | 4,025,000 | 0.6% | 3,344,808 | N | 5/30/2019 | 7/11/2019 | 6/11/2020 | 7/11/2020 | 6/11/2029 | 4.47000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
41 | Wolverine Portfolio | Pads | 35,779 | 4,000,000 | 4,000,000 | 0.5% | 3,610,632 | N | 3/28/2019 | 5/6/2019 | 4/6/2023 | 5/6/2023 | 4/6/2029 | 4.90000% | 0.00000% | 0.00960% | 0.00375% | 0.00050% | |
41.01 | Apple Tree Estates | Pads | 732,000 | 732,000 | 0.1% | ||||||||||||||
41.02 | South Lyon | Pads | 679,390 | 679,390 | 0.1% | ||||||||||||||
41.03 | Metro Commons | Pads | 587,051 | 587,051 | 0.1% | ||||||||||||||
41.04 | Brighton Village | Pads | 574,237 | 574,237 | 0.1% | ||||||||||||||
41.05 | College Heights | Pads | 400,068 | 400,068 | 0.1% | ||||||||||||||
41.06 | Hillcrest | Pads | 275,051 | 275,051 | 0.0% | ||||||||||||||
41.07 | Royal Village | Pads | 242,373 | 242,373 | 0.0% | ||||||||||||||
41.08 | Fernwood | Pads | 195,051 | 195,051 | 0.0% | ||||||||||||||
41.09 | Satellite Bay | Pads | 158,576 | 158,576 | 0.0% | ||||||||||||||
41.10 | Chalet Village | Pads | 156,203 | 156,203 | 0.0% | ||||||||||||||
42 | Gala Bend Apartments | Units | 78,646 | 3,775,000 | 3,775,000 | 0.5% | 3,306,936 | N | 5/24/2019 | 7/6/2019 | 6/6/2022 | 7/6/2022 | 6/6/2029 | 4.53000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
43 | Palms at Dover | Pads | 29,134 | 3,700,000 | 3,700,000 | 0.5% | 3,201,534 | N | 5/17/2019 | 7/11/2019 | 6/11/2021 | 7/11/2021 | 6/11/2029 | 5.00000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
44 | 3699 Hamner Ave Retail Center | Sq. Ft. | 282 | 3,600,000 | 3,600,000 | 0.5% | 3,319,079 | N | 3/13/2019 | 5/11/2019 | 4/11/2024 | 5/11/2024 | 4/11/2029 | 4.98000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
45 | Depot Self Storage | Sq. Ft. | 59 | 3,500,000 | 3,500,000 | 0.5% | 3,352,541 | N | 4/18/2019 | 6/6/2019 | 5/6/2021 | 6/6/2021 | 5/6/2024 | 5.25000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
46 | Walgreens - Richardson, TX | Sq. Ft. | 228 | 3,376,775 | 3,376,775 | 0.5% | 3,376,775 | N | 4/24/2019 | 6/11/2019 | 5/11/2029 | 5/11/2029 | 4.75000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
47 | Concourse Office Center | Sq. Ft. | 96 | 2,850,000 | 2,846,328 | 0.4% | 2,314,010 | N | 5/14/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 4.62000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
48 | Apache West MHP | Pads | 36,513 | 2,750,000 | 2,738,480 | 0.4% | 2,290,732 | N | 2/15/2019 | 4/11/2019 | 4/11/2019 | 3/11/2029 | 5.40000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
49 | Elmira Shopping Center | Sq. Ft. | 192 | 2,550,000 | 2,547,009 | 0.3% | 2,105,725 | N | 5/29/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | 5.13000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
50 | Stuff N’ Storage | Sq. Ft. | 69 | 2,300,000 | 2,300,000 | 0.3% | 1,979,972 | N | 5/30/2019 | 7/11/2019 | 6/11/2021 | 7/11/2021 | 6/11/2029 | 4.80000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
51 | Quality Inn and Suites - Portsmouth | Rooms | 33,717 | 2,100,000 | 2,090,464 | 0.3% | 1,598,854 | N | 4/5/2019 | 5/6/2019 | 5/6/2019 | 4/6/2029 | 5.50000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
52 | Cool Storage | Sq. Ft. | 121 | 1,900,000 | 1,900,000 | 0.3% | 1,671,715 | N | 4/17/2019 | 6/6/2019 | 5/6/2022 | 6/6/2022 | 5/6/2029 | 4.72000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | |
53 | Sunshine Self Storage | Sq. Ft. | 52 | 1,850,000 | 1,839,448 | 0.3% | 1,537,048 | N | 1/31/2019 | 3/11/2019 | 3/11/2019 | 2/11/2029 | 5.33000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% | ||
54 | Rolling Oaks MHP | Pads | 20,658 | 1,285,000 | 1,280,773 | 0.2% | 1,066,251 | N | 4/2/2019 | 5/11/2019 | 5/11/2019 | 4/11/2029 | 5.28000% | 0.00219% | 0.00960% | 0.00500% | 0.00050% |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.) | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions(4) |
1 | Nova Place | 0.00030% | 4.16441% | Actual/360 | 252,160.45 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) |
2 | 188 Spear Street | 0.00030% | 3.55460% | Actual/360 | 142,155.42 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(88),O(7) |
3 | 450-460 Park Avenue South | 0.00030% | 3.68241% | Actual/360 | 141,062.50 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(87),O(7) |
4 | El Con Center | 0.00030% | 4.80241% | Actual/360 | 183,762.50 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(23),GRTR 1% or YM(93),O(4) |
5 | Shetland Park | 0.00030% | 5.13241% | Actual/360 | 245,711.80 | Amortizing Balloon | 60 | 58 | 0 | 0 | 360 | 358 | 2 | L(26),D(30),O(4) | |
6 | ExchangeRight Net Leased Portfolio #27 | 0.00030% | 4.32516% | Actual/360 | 150,850.25 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) |
6.01 | Hy-Vee - Cottage Grove, MN | ||||||||||||||
6.02 | BioLife Plasma Services - Savannah, GA | ||||||||||||||
6.03 | Pick n Save - Muskego, WI | ||||||||||||||
6.04 | Walgreens - Lubbock, TX | ||||||||||||||
6.05 | Walgreens - Houma, LA | ||||||||||||||
6.06 | Walgreens - Greendale, WI | ||||||||||||||
6.07 | Walgreens - Edmond, OK | ||||||||||||||
6.08 | Tractor Supply - Duncansville, PA | ||||||||||||||
6.09 | Walgreens - Dayton, OH | ||||||||||||||
6.10 | Walgreens - Augusta, GA | ||||||||||||||
6.11 | Advance Auto Parts - Houston, TX | ||||||||||||||
6.12 | O’Reilly - South Houston, TX | ||||||||||||||
6.13 | O’Reilly - Knoxville, TN | ||||||||||||||
6.14 | Dollar General - South Point, OH | ||||||||||||||
6.15 | Dollar General - Slidell, LA | ||||||||||||||
6.16 | Dollar General - Houma, LA | ||||||||||||||
6.17 | Dollar Tree - Kaukauna, WI | ||||||||||||||
6.18 | Dollar General - Mansfield, OH | ||||||||||||||
7 | Royal Caribbean - Miramar | 0.00030% | 4.15741% | Actual/360 | 103,461.72 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) |
8 | TOPS Self Storage | 0.00030% | 4.98241% | Actual/360 | 144,941.84 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) |
9 | Center North | 0.00030% | 4.78241% | Actual/360 | 139,036.32 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) |
10 | The Chantilly Office Portfolio | 0.00030% | 4.13460% | Actual/360 | 78,581.98 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(88),O(7) |
10.01 | Stoneleigh I | ||||||||||||||
10.02 | Stoneleigh II | ||||||||||||||
10.03 | Glenview II | ||||||||||||||
10.04 | Glenview I | ||||||||||||||
10.05 | Glenbrook III | ||||||||||||||
11 | CIRE Equity Retail & Industrial Portfolio | 0.00030% | 4.11715% | Actual/360 | 77,146.36 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(24),GRTR 1% or YM(89),O(7) |
11.01 | Wood Village Town Center | ||||||||||||||
11.02 | Pecan Promenade | ||||||||||||||
11.03 | Valley Plaza | ||||||||||||||
11.04 | Pear Tree | ||||||||||||||
11.05 | Glendale Market Square | ||||||||||||||
11.06 | Central Park Shopping Center | ||||||||||||||
11.07 | Val Vista Towne Center | ||||||||||||||
11.08 | 2641 Hall Ave - Riverside, CA | ||||||||||||||
11.09 | 606 W Troy - Indianapolis, IN | ||||||||||||||
11.10 | Homeland - Bartow, FL | ||||||||||||||
11.11 | 2621 Hall Ave - Riverside, CA | ||||||||||||||
12 | 155 Tice Boulevard | 0.00030% | 4.58241% | Actual/360 | 123,535.22 | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | 299 | 1 | L(25),D(91),O(4) | |
13 | Grand Plaza Commercial | 0.00030% | 4.84241% | Actual/360 | 74,115.00 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) |
14 | Patuxent Crossing | 0.00030% | 4.58585% | Actual/360 | 84,970.81 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 24 | 21 | 360 | 360 | 3 | L(27),D(89),O(4) |
15 | 3636 North Central Avenue | 0.00030% | 4.72241% | Actual/360 | 74,248.88 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
16 | Rittenhouse Square | 0.00030% | 4.68361% | Actual/360 | 73,138.10 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) |
17 | CVS El Monte and Ontario | 0.00030% | 5.29241% | Actual/360 | 46,586.58 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | |
17.01 | CVS Ontario | ||||||||||||||
17.02 | CVS El Monte | ||||||||||||||
18 | CVS Compton | 0.00030% | 5.29241% | Actual/360 | 29,297.29 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | |
19 | Crossroads Shopping Center - Madera | 0.00030% | 4.41241% | Actual/360 | 68,219.07 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),D(90),O(4) |
20 | Cross Creek Shopping Center | 0.00030% | 4.63241% | Actual/360 | 69,610.97 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 12 | 11 | 360 | 360 | 1 | L(25),D(89),O(6) |
21 | University Square Shopping Center | 0.00030% | 4.33241% | Actual/360 | 66,766.52 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(24),GRTR 1% or YM(89),O(7) | |
22 | El Paso Self Storage Portfolio | 0.00030% | 4.98241% | Actual/360 | 52,951.39 | Interest-only, Balloon | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 | 4 | L(28),D(89),O(3) |
22.01 | Extra Space Self Storage - Resler | ||||||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | ||||||||||||||
22.03 | Extra Space Self Storage - Dyer | ||||||||||||||
23 | Johnson Storage Portfolio | 0.00030% | 4.97241% | Actual/360 | 63,953.84 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
23.01 | Superior Self Storage | ||||||||||||||
23.02 | Barksdale Self Storage | ||||||||||||||
23.03 | Action Self Storage | ||||||||||||||
23.04 | Owosso Mini Storage | ||||||||||||||
23.05 | A&A Self Storage | ||||||||||||||
23.06 | North Main Self Storage | ||||||||||||||
23.07 | Industrial Park Mini Storage | ||||||||||||||
23.08 | Euclid Self Storage | ||||||||||||||
23.09 | Hallmark Mini Storage | ||||||||||||||
24 | Hilton at University Place | 0.00030% | 5.08460% | Actual/360 | 59,724.48 | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(89),O(4) | |
25 | Embassy Suites - Williamsburg | 0.00030% | 4.53241% | Actual/360 | 49,640.94 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(92),O(3) | |
26 | Alma Park Shopping Center | 0.00030% | 4.85491% | Actual/360 | 43,136.69 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | |
27 | Holiday Inn Express - Orem | 0.00030% | 5.20241% | Actual/360 | 40,175.33 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
28 | Courtyard by Marriott Beaumont | 0.00030% | 4.73241% | Actual/360 | 34,924.29 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(92),O(3) | |
29 | Frederick Avenue Shopping Center | 0.00030% | 4.33241% | Actual/360 | 31,700.65 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(24),GRTR 1% or YM(89),O(7) | |
30 | Coventry Commons | 0.00030% | 4.88241% | Actual/360 | 33,093.74 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
31 | Asbury Commons | 0.00030% | 4.78241% | Actual/360 | 30,889.67 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
32 | Hampton Inn - Milan | 0.00030% | 4.73241% | Actual/360 | 30,430.59 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
33 | Cedar Run Corporate Center | 0.00030% | 4.93241% | Actual/360 | 30,691.77 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 48 | 47 | 360 | 360 | 1 | L(25),D(91),O(4) |
34 | Holiday Inn Express Wilkes Barre East | 0.00030% | 5.13241% | Actual/360 | 31,123.49 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(87),O(7) | |
35 | CLC Self Storage - Redford | 0.00030% | 5.33241% | Actual/360 | 28,479.10 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 114 | 36 | 30 | 360 | 360 | 6 | L(30),D(86),O(4) |
36 | Dick’s Sporting Goods - Wausau | 0.00030% | 5.31241% | Actual/360 | 29,836.45 | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | 298 | 2 | L(26),D(90),O(4) | |
37 | All American Storage Bloomington South | 0.00030% | 4.45241% | Actual/360 | 24,235.41 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 12 | 11 | 360 | 360 | 1 | L(25),D(92),O(3) |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.) | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions(4) |
38 | Firewheel Corners Shopping Center | 0.00030% | 4.33241% | Actual/360 | 20,977.79 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(24),GRTR 1% or YM(89),O(7) | |
39 | Lakeland MHP | 0.00030% | 4.63241% | Actual/360 | 21,398.93 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(92),O(3) | |
40 | All American Storage East | 0.00030% | 4.45241% | Actual/360 | 20,322.40 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 12 | 11 | 360 | 360 | 1 | L(25),D(92),O(3) |
41 | Wolverine Portfolio | 0.00030% | 4.88585% | Actual/360 | 21,229.07 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 48 | 45 | 360 | 360 | 3 | L(27),D(89),O(4) |
41.01 | Apple Tree Estates | ||||||||||||||
41.02 | South Lyon | ||||||||||||||
41.03 | Metro Commons | ||||||||||||||
41.04 | Brighton Village | ||||||||||||||
41.05 | College Heights | ||||||||||||||
41.06 | Hillcrest | ||||||||||||||
41.07 | Royal Village | ||||||||||||||
41.08 | Fernwood | ||||||||||||||
41.09 | Satellite Bay | ||||||||||||||
41.10 | Chalet Village | ||||||||||||||
42 | Gala Bend Apartments | 0.00030% | 4.51241% | Actual/360 | 19,194.72 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) |
43 | Palms at Dover | 0.00030% | 4.98241% | Actual/360 | 19,862.40 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(92),O(3) |
44 | 3699 Hamner Ave Retail Center | 0.00030% | 4.96241% | Actual/360 | 19,281.60 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 60 | 57 | 360 | 360 | 3 | L(27),D(89),O(4) |
45 | Depot Self Storage | 0.00030% | 5.23241% | Actual/360 | 19,327.13 | Interest-only, Amortizing Balloon | Actual/360 | 60 | 58 | 24 | 22 | 360 | 360 | 2 | L(26),D(30),O(4) |
46 | Walgreens - Richardson, TX | 0.00030% | 4.73241% | Actual/360 | 13,589.17 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) |
47 | Concourse Office Center | 0.00030% | 4.60241% | Actual/360 | 14,644.45 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | |
48 | Apache West MHP | 0.00030% | 5.38241% | Actual/360 | 15,442.10 | Amortizing Balloon | 120 | 116 | 0 | 0 | 360 | 356 | 4 | L(28),D(89),O(3) | |
49 | Elmira Shopping Center | 0.00030% | 5.11241% | Actual/360 | 13,892.26 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(92),O(3) | |
50 | Stuff N’ Storage | 0.00030% | 4.78241% | Actual/360 | 12,067.30 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(92),O(3) |
51 | Quality Inn and Suites - Portsmouth | 0.00030% | 5.48241% | Actual/360 | 12,895.84 | Amortizing Balloon | 120 | 117 | 0 | 0 | 300 | 297 | 3 | L(27),D(89),O(4) | |
52 | Cool Storage | 0.00030% | 4.70241% | Actual/360 | 9,876.97 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 | 360 | 2 | L(26),D(90),O(4) |
53 | Sunshine Self Storage | 0.00030% | 5.31241% | Actual/360 | 10,307.63 | Amortizing Balloon | 120 | 115 | 0 | 0 | 360 | 355 | 5 | L(29),D(88),O(3) | |
54 | Rolling Oaks MHP | 0.00030% | 5.26241% | Actual/360 | 7,119.71 | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(90),O(3) |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Grace Period Default (Days)(5) | Grace Period Late (Days) | Appraised Value ($)(6) | 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)(3)(7) | U/W NCF DSCR (x)(3)(7) | Cut-off Date LTV Ratio(3)(6)(7) | LTV Ratio at Maturity or ARD(3)(6)(7) |
1 | Nova Place | 0 | 5 | 200,050,000 | 1/23/2019 | 2.26 | 2.17 | 70.0% | 70.0% | ||||||||
2 | 188 Spear Street | 0 | 0 | 217,000,000 | 4/29/2019 | 2.90 | 2.82 | 57.6% | 57.6% | ||||||||
3 | 450-460 Park Avenue South | 0 | 0 | 205,000,000 | 3/26/2019 | 3.12 | 2.98 | 36.6% | 36.6% | ||||||||
4 | El Con Center | 0 | 0 | 100,300,000 | 3/13/2019 | 1.90 | 1.79 | 62.8% | 62.8% | ||||||||
5 | Shetland Park | 0 | 0 | 79,400,000 | 4/3/2019 | 1.76 | 1.52 | 72.9% | 67.5% | ||||||||
6 | ExchangeRight Net Leased Portfolio #27 | 0 | 0 | 83,360,000 | Various | 2.22 | 2.17 | 61.2% | 61.2% | ||||||||
6.01 | Hy-Vee - Cottage Grove, MN | 22,600,000 | 11/20/2018 | ||||||||||||||
6.02 | BioLife Plasma Services - Savannah, GA | 9,900,000 | 4/3/2019 | ||||||||||||||
6.03 | Pick n Save - Muskego, WI | 7,750,000 | 4/8/2019 | ||||||||||||||
6.04 | Walgreens - Lubbock, TX | 5,200,000 | 4/5/2019 | ||||||||||||||
6.05 | Walgreens - Houma, LA | 4,880,000 | 4/9/2019 | ||||||||||||||
6.06 | Walgreens - Greendale, WI | 4,620,000 | 4/2/2019 | ||||||||||||||
6.07 | Walgreens - Edmond, OK | 4,410,000 | 4/27/2019 | ||||||||||||||
6.08 | Tractor Supply - Duncansville, PA | 3,600,000 | 3/22/2019 | ||||||||||||||
6.09 | Walgreens - Dayton, OH | 3,900,000 | 4/6/2019 | ||||||||||||||
6.10 | Walgreens - Augusta, GA | 4,150,000 | 4/3/2019 | ||||||||||||||
6.11 | Advance Auto Parts - Houston, TX | 1,920,000 | 4/3/2019 | ||||||||||||||
6.12 | O’Reilly - South Houston, TX | 1,775,000 | 3/27/2019 | ||||||||||||||
6.13 | O’Reilly - Knoxville, TN | 1,620,000 | 3/28/2019 | ||||||||||||||
6.14 | Dollar General - South Point, OH | 1,450,000 | 4/6/2019 | ||||||||||||||
6.15 | Dollar General - Slidell, LA | 1,475,000 | 3/22/2019 | ||||||||||||||
6.16 | Dollar General - Houma, LA | 1,400,000 | 3/22/2019 | ||||||||||||||
6.17 | Dollar Tree - Kaukauna, WI | 1,450,000 | 3/19/2019 | ||||||||||||||
6.18 | Dollar General - Mansfield, OH | 1,260,000 | 4/6/2019 | ||||||||||||||
7 | Royal Caribbean - Miramar | 0 | 0 | 45,000,000 | 4/8/2019 | 2.52 | 2.50 | 65.0% | 65.0% | ||||||||
8 | TOPS Self Storage | 0 | 0 | 42,300,000 | 3/28/2019 | 1.27 | 1.26 | 63.8% | 58.9% | ||||||||
9 | Center North | 0 | 0 | 40,400,000 | 5/3/2019 | 1.33 | 1.29 | 65.6% | 57.8% | ||||||||
10 | The Chantilly Office Portfolio | 0 | 0 | 104,500,000 | 3/28/2019 | 3.98 | 3.59 | 44.4% | 44.4% | ||||||||
10.01 | Stoneleigh I | 26,874,518 | 3/28/2019 | ||||||||||||||
10.02 | Stoneleigh II | 26,125,482 | 3/28/2019 | ||||||||||||||
10.03 | Glenview II | 18,719,130 | 3/28/2019 | ||||||||||||||
10.04 | Glenview I | 18,562,391 | 3/28/2019 | ||||||||||||||
10.05 | Glenbrook III | 14,218,478 | 3/28/2019 | ||||||||||||||
11 | CIRE Equity Retail & Industrial Portfolio | 0 | 0 | 198,100,000 | Various | 2.42 | 2.27 | 64.9% | 64.9% | ||||||||
11.01 | Wood Village Town Center | 31,100,000 | 3/30/2019 | ||||||||||||||
11.02 | Pecan Promenade | 28,910,000 | 4/3/2019 | ||||||||||||||
11.03 | Valley Plaza | 26,300,000 | 4/5/2019 | ||||||||||||||
11.04 | Pear Tree | 24,500,000 | 4/3/2019 | ||||||||||||||
11.05 | Glendale Market Square | 23,200,000 | 4/2/2019 | ||||||||||||||
11.06 | Central Park Shopping Center | 21,100,000 | 4/8/2019 | ||||||||||||||
11.07 | Val Vista Towne Center | 18,600,000 | 4/5/2019 | ||||||||||||||
11.08 | 2641 Hall Ave - Riverside, CA | 5,489,600 | 4/9/2019 | ||||||||||||||
11.09 | 606 W Troy - Indianapolis, IN | 4,100,000 | 4/5/2019 | ||||||||||||||
11.10 | Homeland - Bartow, FL | 2,900,000 | 4/10/2019 | ||||||||||||||
11.11 | 2621 Hall Ave - Riverside, CA | 2,510,400 | 4/9/2019 | ||||||||||||||
12 | 155 Tice Boulevard | 0 | 0 | 36,800,000 | 2/6/2019 | 1.86 | 1.72 | 59.7% | 44.0% | ||||||||
13 | Grand Plaza Commercial | 0 | 0 | 27,700,000 | 10/1/2019 | 1.89 | 1.83 | 60.6% | 60.6% | ||||||||
14 | Patuxent Crossing | 0 | 0 | 48,850,000 | 2/6/2019 | 1.74 | 1.56 | 74.9% | 64.1% | ||||||||
15 | 3636 North Central Avenue | 0 | 0 | 24,200,000 | 4/9/2019 | 1.74 | 1.60 | 58.8% | 48.0% | ||||||||
16 | Rittenhouse Square | 0 | 0 | 20,400,000 | 3/11/2019 | 1.24 | 1.24 | 69.1% | 59.3% | ||||||||
17 | CVS El Monte and Ontario | 0 | 5 | 12,120,000 | 2/20/2019 | 1.24 | 1.24 | 67.4% | 56.1% | ||||||||
17.01 | CVS Ontario | 7,710,000 | 2/20/2019 | ||||||||||||||
17.02 | CVS El Monte | 4,410,000 | 2/20/2019 | ||||||||||||||
18 | CVS Compton | 0 | 5 | 8,100,000 | 2/16/2019 | 1.24 | 1.24 | 67.4% | 56.1% | ||||||||
19 | Crossroads Shopping Center - Madera | 0 | 0 | 18,615,000 | 3/21/2019 | 1.92 | 1.85 | 72.9% | 62.2% | ||||||||
20 | Cross Creek Shopping Center | 0 | 0 | 18,800,000 | 5/7/2019 | 1.46 | 1.34 | 71.8% | 60.0% | ||||||||
21 | University Square Shopping Center | 0 | 10 | 22,000,000 | 4/12/2019 | 2.01 | 1.93 | 60.9% | 49.0% | ||||||||
22 | El Paso Self Storage Portfolio | 0 | 0 | 21,920,000 | 1/25/2019 | 2.08 | 2.05 | 57.0% | 57.0% | ||||||||
22.01 | Extra Space Self Storage - Resler | 9,030,000 | 1/25/2019 | ||||||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | 7,610,000 | 1/25/2019 | ||||||||||||||
22.03 | Extra Space Self Storage - Dyer | 5,280,000 | 1/25/2019 | ||||||||||||||
23 | Johnson Storage Portfolio | 0 | 0 | 18,010,000 | Various | 1.50 | 1.42 | 66.1% | 54.4% | ||||||||
23.01 | Superior Self Storage | 3,650,000 | 5/9/2019 | ||||||||||||||
23.02 | Barksdale Self Storage | 2,580,000 | 5/7/2019 | ||||||||||||||
23.03 | Action Self Storage | 2,160,000 | 5/9/2019 | ||||||||||||||
23.04 | Owosso Mini Storage | 2,100,000 | 5/3/2019 | ||||||||||||||
23.05 | A&A Self Storage | 1,920,000 | 5/9/2019 | ||||||||||||||
23.06 | North Main Self Storage | 1,310,000 | 5/10/2019 | ||||||||||||||
23.07 | Industrial Park Mini Storage | 1,400,000 | 5/9/2019 | ||||||||||||||
23.08 | Euclid Self Storage | 1,620,000 | 4/23/2019 | ||||||||||||||
23.09 | Hallmark Mini Storage | 1,270,000 | 5/6/2019 | ||||||||||||||
24 | Hilton at University Place | 0, 1 default fee grace period of 2 days once every 12 month period | 0 | 69,500,000 | 2/25/2019 | 2.03 | 1.75 | 66.0% | 54.6% | ||||||||
25 | Embassy Suites - Williamsburg | 0 | 0 | 14,300,000 | 4/28/2019 | 2.10 | 1.77 | 68.0% | 55.2% | ||||||||
26 | Alma Park Shopping Center | 0 | 0 | 11,180,000 | 4/10/2019 | 1.53 | 1.42 | 72.3% | 59.4% | ||||||||
27 | Holiday Inn Express - Orem | 0 | 0 | 12,350,000 | 4/10/2019 | 1.94 | 1.72 | 59.0% | 49.0% | ||||||||
28 | Courtyard by Marriott Beaumont | 0 | 0 | 9,600,000 | 5/1/2019 | 2.08 | 1.82 | 69.7% | 56.9% | ||||||||
29 | Frederick Avenue Shopping Center | 0 | 10 | 11,600,000 | 4/10/2019 | 2.34 | 2.27 | 54.8% | 44.2% | ||||||||
30 | Coventry Commons | 0 | 0 | 9,250,000 | 3/13/2019 | 1.81 | 1.66 | 66.9% | 55.0% | ||||||||
31 | Asbury Commons | 0 | 0 | 8,100,000 | 2/22/2019 | 1.96 | 1.83 | 72.6% | 59.4% | ||||||||
32 | Hampton Inn - Milan | 0 | 0 | 9,000,000 | 4/15/2019 | 2.78 | 2.48 | 64.4% | 52.6% | ||||||||
33 | Cedar Run Corporate Center | 0 | 0 | 9,000,000 | 3/22/2019 | 1.96 | 1.77 | 63.9% | 57.7% | ||||||||
34 | Holiday Inn Express Wilkes Barre East | 0 | 0 | 9,000,000 | 3/8/2019 | 2.26 | 1.97 | 63.2% | 52.3% | ||||||||
35 | CLC Self Storage - Redford | 0 | 0 | 6,940,000 | 11/28/2018 | 1.43 | 1.42 | 73.5% | 65.5% | ||||||||
36 | Dick’s Sporting Goods - Wausau | 0 | 0 | 7,370,000 | 2/1/2019 | 1.45 | 1.37 | 66.8% | 50.7% | ||||||||
37 | All American Storage Bloomington South | 0 | 0 | 6,720,000 | 4/26/2019 | 1.39 | 1.36 | 71.4% | 59.4% |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Grace Period Default (Days)(5) | Grace Period Late (Days) | Appraised Value ($)(6) | 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)(3)(7) | U/W NCF DSCR (x)(3)(7) | Cut-off Date LTV Ratio(3)(6)(7) | LTV Ratio at Maturity or ARD(3)(6)(7) |
38 | Firewheel Corners Shopping Center | 0 | 10 | 7,580,000 | 4/17/2019 | 1.98 | 1.90 | 55.5% | 44.7% | ||||||||
39 | Lakeland MHP | 0 | 0 | 6,600,000 | 4/29/2019 | 1.58 | 1.56 | 62.8% | 51.1% | ||||||||
40 | All American Storage East | 0 | 0 | 5,560,000 | 4/26/2019 | 1.41 | 1.38 | 72.4% | 60.2% | ||||||||
41 | Wolverine Portfolio | 0 | 0 | 84,490,000 | Various | 1.31 | 1.29 | 69.8% | 63.0% | ||||||||
41.01 | Apple Tree Estates | 15,460,000 | 11/29/2018 | ||||||||||||||
41.02 | South Lyon | 14,350,000 | 12/3/2018 | ||||||||||||||
41.03 | Metro Commons | 12,400,000 | 12/3/2018 | ||||||||||||||
41.04 | Brighton Village | 12,130,000 | 12/3/2018 | ||||||||||||||
41.05 | College Heights | 8,450,000 | 12/3/2018 | ||||||||||||||
41.06 | Hillcrest | 5,810,000 | 11/29/2018 | ||||||||||||||
41.07 | Royal Village | 5,120,000 | 11/28/2018 | ||||||||||||||
41.08 | Fernwood | 4,120,000 | 11/28/2018 | ||||||||||||||
41.09 | Satellite Bay | 3,350,000 | 11/21/2018 | ||||||||||||||
41.10 | Chalet Village | 3,300,000 | 11/21/2018 | ||||||||||||||
42 | Gala Bend Apartments | 0 | 0 | 5,230,000 | 4/24/2019 | 1.54 | 1.49 | 72.2% | 63.2% | ||||||||
43 | Palms at Dover | 0 | 0 | 5,870,000 | 3/14/2019 | 1.33 | 1.30 | 63.0% | 54.5% | ||||||||
44 | 3699 Hamner Ave Retail Center | 0 | 0 | 5,540,000 | 2/1/2019 | 1.58 | 1.52 | 65.0% | 59.9% | ||||||||
45 | Depot Self Storage | 0 | 0 | 5,560,000 | 3/28/2019 | 1.51 | 1.48 | 62.9% | 60.3% | ||||||||
46 | Walgreens - Richardson, TX | 0 | 0 | 5,600,000 | 3/19/2019 | 1.82 | 1.81 | 60.3% | 60.3% | ||||||||
47 | Concourse Office Center | 0 | 0 | 3,950,000 | 4/10/2019 | 1.91 | 1.73 | 72.1% | 58.6% | ||||||||
48 | Apache West MHP | 0 | 0 | 4,090,000 | 11/30/2018 | 1.32 | 1.30 | 67.0% | 56.0% | ||||||||
49 | Elmira Shopping Center | 0 | 0 | 3,970,000 | 4/24/2019 | 1.39 | 1.30 | 64.2% | 53.0% | ||||||||
50 | Stuff N’ Storage | 0 | 0 | 3,350,000 | 4/25/2019 | 1.44 | 1.40 | 68.7% | 59.1% | ||||||||
51 | Quality Inn and Suites - Portsmouth | 0 | 0 | 3,600,000 | 12/17/2018 | 2.34 | 2.05 | 58.1% | 44.4% | ||||||||
52 | Cool Storage | 0 | 0 | 3,400,000 | 5/1/2019 | 1.65 | 1.61 | 55.9% | 49.2% | ||||||||
53 | Sunshine Self Storage | 0 | 0 | 3,100,000 | 1/16/2019 | 1.67 | 1.63 | 59.3% | 49.6% | ||||||||
54 | Rolling Oaks MHP | 0 | 0 | 1,830,000 | 12/16/2018 | 1.56 | 1.51 | 70.0% | 58.3% |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Cut-off Date U/W NOI Debt Yield(3)(7) | Cut-off Date U/W NCF Debt Yield(3)(7) | U/W Revenues ($)(2)(8) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate(2)(9) | Occupancy as-of Date | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period | Most Recent Revenues ($)(8) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Capital Expenditures |
1 | Nova Place | 9.7% | 9.3% | 22,082,440 | 8,570,650 | 13,511,790 | 182,839 | 361,809 | 12,967,141 | 84.0% | 6/1/2019 | Actual 2018 | 18,069,182 | 8,034,151 | 10,035,031 | 0 | ||
2 | 188 Spear Street | 10.5% | 10.2% | 18,164,582 | 5,025,347 | 13,139,235 | 28,427 | 328,004 | 12,782,805 | 100.0% | 4/1/2019 | TTM 3/31/2019 | 15,152,563 | 4,543,255 | 10,609,308 | 0 | ||
3 | 450-460 Park Avenue South | 11.7% | 11.2% | 12,784,100 | 3,976,506 | 8,807,594 | 36,569 | 365,690 | 8,405,335 | 95.1% | 5/1/2019 | Actual 2018 | 5,741,954 | 3,288,436 | 2,453,518 | 0 | ||
4 | El Con Center | 9.3% | 8.8% | 8,307,352 | 2,439,895 | 5,867,457 | 96,077 | 240,192 | 5,531,189 | 99.5% | 2/2/2019 | Actual 2018 | 8,795,791 | 2,283,756 | 6,512,035 | 0 | ||
5 | Shetland Park | 11.5% | 10.0% | 12,767,143 | 6,092,237 | 6,674,907 | 178,694 | 709,137 | 5,787,075 | 76.3% | Various | TTM 3/31/2019 | 12,592,460 | 6,086,923 | 6,505,537 | 0 | ||
6 | ExchangeRight Net Leased Portfolio #27 | 9.8% | 9.6% | 6,182,248 | 1,186,196 | 4,996,052 | 18,101 | 76,800 | 4,901,151 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||
6.01 | Hy-Vee - Cottage Grove, MN | 1,679,395 | 426,208 | 1,253,187 | 0 | 58,561 | 1,194,626 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.02 | BioLife Plasma Services - Savannah, GA | 655,984 | 49,521 | 606,462 | 0 | 0 | 606,462 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.03 | Pick n Save - Muskego, WI | 556,531 | 80,460 | 476,070 | 9,345 | 29,839 | 436,886 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.04 | Walgreens - Lubbock, TX | 405,799 | 89,184 | 316,615 | 0 | 0 | 316,615 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.05 | Walgreens - Houma, LA | 347,253 | 34,798 | 312,455 | 0 | 0 | 312,455 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.06 | Walgreens - Greendale, WI | 338,144 | 54,907 | 283,237 | 2,086 | 0 | 281,151 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.07 | Walgreens - Edmond, OK | 333,150 | 59,777 | 273,372 | 0 | 0 | 273,372 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.08 | Tractor Supply - Duncansville, PA | 247,973 | 39,183 | 208,791 | 0 | 10,625 | 198,166 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.09 | Walgreens - Dayton, OH | 407,106 | 164,448 | 242,658 | 2,086 | 10,293 | 230,280 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.10 | Walgreens - Augusta, GA | 277,236 | 26,281 | 250,955 | 0 | 10,195 | 240,761 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.11 | Advance Auto Parts - Houston, TX | 137,739 | 22,384 | 115,354 | 1,037 | 0 | 114,317 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.12 | O’Reilly - South Houston, TX | 132,940 | 24,249 | 108,692 | 1,050 | 0 | 107,642 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.13 | O’Reilly - Knoxville, TN | 113,121 | 11,667 | 101,454 | 1,069 | 0 | 100,385 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.14 | Dollar General - South Point, OH | 117,651 | 21,903 | 95,748 | 0 | 0 | 95,748 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.15 | Dollar General - Slidell, LA | 110,485 | 17,908 | 92,577 | 0 | 0 | 92,577 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.16 | Dollar General - Houma, LA | 99,022 | 10,951 | 88,071 | 0 | 0 | 88,071 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.17 | Dollar Tree - Kaukauna, WI | 110,971 | 20,441 | 90,530 | 1,429 | 7,288 | 81,813 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
6.18 | Dollar General - Mansfield, OH | 111,748 | 31,924 | 79,824 | 0 | 0 | 79,824 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||||
7 | Royal Caribbean - Miramar | 10.7% | 10.6% | 3,933,534 | 807,242 | 3,126,291 | 25,708 | 0 | 3,100,583 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||
8 | TOPS Self Storage | 8.2% | 8.1% | 3,205,603 | 1,002,115 | 2,203,488 | 14,960 | 0 | 2,188,528 | 91.9% | 4/30/2019 | TTM 4/30/2019 | 3,144,184 | 796,740 | 2,347,444 | 0 | ||
9 | Center North | 8.4% | 8.1% | 3,436,703 | 1,216,291 | 2,220,412 | 59,082 | 15,830 | 2,145,501 | 91.0% | 5/24/2019 | TTM 4/30/2019 | 2,425,145 | 998,655 | 1,426,491 | 0 | ||
10 | The Chantilly Office Portfolio | 16.8% | 15.2% | 12,579,017 | 4,792,591 | 7,786,425 | 85,825 | 673,181 | 7,027,419 | 86.2% | 5/31/2019 | TTM 2/28/2019 | 10,876,903 | 4,665,057 | 6,211,845 | 0 | ||
10.01 | Stoneleigh I | NAV | NAV | NAV | NAV | NAV | NAV | 64.0% | 5/31/2019 | NAV | NAV | NAV | NAV | NAV | ||||
10.02 | Stoneleigh II | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 5/31/2019 | NAV | NAV | NAV | NAV | NAV | ||||
10.03 | Glenview II | NAV | NAV | NAV | NAV | NAV | NAV | 87.5% | 5/31/2019 | NAV | NAV | NAV | NAV | NAV | ||||
10.04 | Glenview I | NAV | NAV | NAV | NAV | NAV | NAV | 94.3% | 5/31/2019 | NAV | NAV | NAV | NAV | NAV | ||||
10.05 | Glenbrook III | NAV | NAV | NAV | NAV | NAV | NAV | 90.4% | 5/31/2019 | NAV | NAV | NAV | NAV | NAV | ||||
11 | CIRE Equity Retail & Industrial Portfolio | 10.2% | 9.6% | 17,894,164 | 4,772,257 | 13,121,906 | 223,431 | 595,178 | 12,303,298 | 91.4% | Various | TTM 2/28/2019 | 17,561,596 | 4,694,815 | 12,866,781 | 0 | ||
11.01 | Wood Village Town Center | 2,664,878 | 653,930 | 2,010,947 | 23,131 | 68,553 | 1,919,264 | 94.1% | 5/1/2019 | TTM 2/28/2019 | 2,801,565 | 663,382 | 2,138,183 | 0 | ||||
11.02 | Pecan Promenade | 2,958,396 | 929,031 | 2,029,365 | 48,023 | 70,743 | 1,910,599 | 88.5% | 5/1/2019 | TTM 2/28/2019 | 2,874,992 | 928,260 | 1,946,733 | 0 | ||||
11.03 | Valley Plaza | 2,472,407 | 547,460 | 1,924,947 | 17,152 | 73,113 | 1,834,682 | 95.6% | 5/1/2019 | TTM 2/28/2019 | 2,285,063 | 554,428 | 1,730,635 | 0 | ||||
11.04 | Pear Tree | 2,383,917 | 686,766 | 1,697,150 | 42,297 | 98,719 | 1,556,135 | 90.9% | 5/1/2019 | TTM 2/28/2019 | 2,608,254 | 701,355 | 1,906,899 | 0 | ||||
11.05 | Glendale Market Square | 2,454,358 | 648,331 | 1,806,027 | 53,940 | 92,954 | 1,659,134 | 92.8% | 5/1/2019 | TTM 2/28/2019 | 2,033,560 | 540,861 | 1,492,700 | 0 | ||||
11.06 | Central Park Shopping Center | 2,412,264 | 788,827 | 1,623,437 | 24,676 | 73,782 | 1,524,979 | 95.1% | 5/1/2019 | TTM 2/28/2019 | 2,305,891 | 795,370 | 1,510,521 | 0 | ||||
11.07 | Val Vista Towne Center | 1,490,329 | 371,215 | 1,119,114 | 14,212 | 46,676 | 1,058,226 | 64.3% | 5/1/2019 | TTM 2/28/2019 | 1,448,918 | 372,574 | 1,076,344 | 0 | ||||
11.08 | 2641 Hall Ave - Riverside, CA | 253,841 | 32,264 | 221,577 | 0 | 17,491 | 204,086 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 249,753 | 32,217 | 217,536 | 0 | ||||
11.09 | 606 W Troy - Indianapolis, IN | 345,412 | 41,185 | 304,227 | 0 | 11,430 | 292,797 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 335,563 | 33,151 | 302,412 | 0 | ||||
11.10 | Homeland - Bartow, FL | 274,362 | 55,215 | 219,147 | 0 | 33,719 | 185,428 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 274,807 | 55,216 | 219,591 | 0 | ||||
11.11 | 2621 Hall Ave - Riverside, CA | 184,000 | 18,032 | 165,968 | 0 | 8,000 | 157,968 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 343,230 | 18,003 | 325,227 | 0 | ||||
12 | 155 Tice Boulevard | 12.5% | 11.6% | 3,302,937 | 548,439 | 2,754,498 | 51,146 | 147,615 | 2,555,737 | 100.0% | 7/1/2019 | TTM 4/30/2019 | 3,437,716 | 451,306 | 2,986,410 | 0 | ||
13 | Grand Plaza Commercial | 9.3% | 9.0% | 2,430,338 | 750,002 | 1,680,336 | 10,698 | 46,358 | 1,623,280 | 95.8% | 4/1/2019 | Actual 2018 | 1,516,743 | 431,515 | 1,085,228 | 0 | ||
14 | Patuxent Crossing | 10.7% | 9.6% | 6,367,530 | 2,462,340 | 3,905,191 | 64,368 | 323,659 | 3,517,164 | 93.8% | 4/9/2019 | Actual 2018 | 4,314,930 | 2,360,642 | 1,954,288 | 0 | ||
15 | 3636 North Central Avenue | 10.9% | 10.0% | 3,461,824 | 1,907,448 | 1,554,376 | 43,616 | 83,572 | 1,427,187 | 75.8% | 4/1/2019 | TTM 3/31/2019 | 2,159,408 | 1,849,316 | 310,092 | 0 | ||
16 | Rittenhouse Square | 7.7% | 7.7% | 1,403,645 | 313,975 | 1,089,669 | 0 | 4,935 | 1,084,734 | 100.0% | 4/15/2019 | TTM 3/31/2019 | 1,340,629 | 193,265 | 1,147,364 | 0 | ||
17 | CVS El Monte and Ontario | 8.3% | 8.3% | 692,114 | 13,842 | 678,272 | 0 | 0 | 678,272 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 699,105 | 0 | 699,105 | 0 | ||
17.01 | CVS Ontario | 440,139 | 8,803 | 431,336 | 0 | 0 | 431,336 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 444,585 | 0 | 444,585 | 0 | ||||
17.02 | CVS El Monte | 251,975 | 5,040 | 246,936 | 0 | 0 | 246,936 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 254,520 | 0 | 254,520 | 0 | ||||
18 | CVS Compton | 8.3% | 8.3% | 462,719 | 9,254 | 453,464 | 0 | 0 | 453,464 | 100.0% | 7/1/2019 | TTM 2/28/2019 | 467,392 | 0 | 467,392 | 0 | ||
19 | Crossroads Shopping Center - Madera | 11.6% | 11.2% | 2,168,467 | 596,179 | 1,572,288 | 11,874 | 44,936 | 1,515,479 | 92.4% | 4/12/2019 | TTM 3/31/2019 | 2,153,332 | 523,155 | 1,630,177 | 0 | ||
20 | Cross Creek Shopping Center | 9.0% | 8.3% | 1,711,499 | 494,996 | 1,216,503 | 25,464 | 73,687 | 1,117,352 | 95.4% | 5/31/2019 | Annualized 3 3/31/2019 | 1,775,015 | 398,516 | 1,376,499 | 0 | ||
21 | University Square Shopping Center | 12.0% | 11.6% | 2,378,146 | 766,262 | 1,611,884 | 11,426 | 53,320 | 1,547,138 | 100.0% | 3/19/2019 | TTM 3/31/2019 | 2,464,856 | 753,949 | 1,710,907 | 0 | ||
22 | El Paso Self Storage Portfolio | 10.6% | 10.4% | 2,264,226 | 940,056 | 1,324,170 | 21,782 | 0 | 1,302,388 | 96.9% | 3/31/2019 | Annualized 6 4/30/2019 | 2,264,226 | 871,411 | 1,392,815 | 0 | ||
22.01 | Extra Space Self Storage - Resler | 857,420 | 301,550 | 555,870 | 7,808 | 0 | 548,063 | 95.6% | 3/31/2019 | Annualized 6 4/30/2019 | 857,420 | 271,291 | 586,129 | 0 | ||||
22.02 | Extra Space Self Storage - Helen of Troy | 839,803 | 377,076 | 462,726 | 7,959 | 0 | 454,767 | 96.2% | 3/31/2019 | Annualized 6 4/30/2019 | 839,803 | 359,979 | 479,824 | 0 | ||||
22.03 | Extra Space Self Storage - Dyer | 567,003 | 261,430 | 305,573 | 6,016 | 0 | 299,558 | 99.4% | 3/31/2019 | Annualized 6 4/30/2019 | 567,003 | 240,141 | 326,862 | 0 | ||||
23 | Johnson Storage Portfolio | 9.6% | 9.2% | 2,150,800 | 1,002,676 | 1,148,123 | 54,805 | 0 | 1,093,319 | 85.8% | 5/1/2019 | TTM 4/30/2019 | 2,167,638 | 929,800 | 1,237,838 | 0 | ||
23.01 | Superior Self Storage | 393,437 | 135,261 | 258,176 | 7,553 | 0 | 250,624 | 89.3% | 5/1/2019 | TTM 4/30/2019 | 407,613 | 124,181 | 283,431 | 0 | ||||
23.02 | Barksdale Self Storage | 274,488 | 105,592 | 168,895 | 8,972 | 0 | 159,923 | 80.7% | 5/1/2019 | TTM 4/30/2019 | 281,117 | 86,915 | 194,202 | 0 | ||||
23.03 | Action Self Storage | 240,497 | 102,096 | 138,400 | 7,604 | 0 | 130,797 | 76.9% | 5/1/2019 | TTM 4/30/2019 | 236,708 | 97,571 | 139,137 | 0 | ||||
23.04 | Owosso Mini Storage | 249,108 | 102,573 | 146,536 | 5,880 | 0 | 140,656 | 92.2% | 5/1/2019 | TTM 4/30/2019 | 247,141 | 112,873 | 134,267 | 0 | ||||
23.05 | A&A Self Storage | 195,218 | 87,766 | 107,453 | 6,023 | 0 | 101,430 | 94.3% | 5/1/2019 | TTM 4/30/2019 | 207,026 | 83,298 | 123,728 | 0 | ||||
23.06 | North Main Self Storage | 200,659 | 111,049 | 89,610 | 5,334 | 0 | 84,276 | 76.7% | 5/1/2019 | TTM 4/30/2019 | 201,091 | 105,348 | 95,743 | 0 | ||||
23.07 | Industrial Park Mini Storage | 141,360 | 58,991 | 82,370 | 2,693 | 0 | 79,677 | 91.6% | 5/1/2019 | TTM 4/30/2019 | 138,566 | 48,906 | 89,660 | 0 | ||||
23.08 | Euclid Self Storage | 252,023 | 167,184 | 84,839 | 5,295 | 0 | 79,544 | 81.0% | 5/1/2019 | TTM 4/30/2019 | 246,480 | 167,591 | 78,889 | 0 | ||||
23.09 | Hallmark Mini Storage | 204,009 | 132,165 | 71,844 | 5,453 | 0 | 66,391 | 96.0% | 5/1/2019 | TTM 4/30/2019 | 201,898 | 103,117 | 98,781 | 0 | ||||
24 | Hilton at University Place | 13.3% | 11.5% | 20,668,804 | 14,586,891 | 6,081,913 | 826,752 | 0 | 5,255,161 | 73.7% | 2/28/2019 | 140 | 104 | TTM 2/28/2019 | 20,669,194 | 14,474,592 | 6,194,602 | 0 |
25 | Embassy Suites - Williamsburg | 12.8% | 10.9% | 4,805,054 | 3,556,664 | 1,248,390 | 192,202 | 0 | 1,056,188 | 64.4% | 4/30/2019 | 120 | 77 | TTM 4/30/2019 | 4,805,054 | 3,481,897 | 1,323,156 | 0 |
26 | Alma Park Shopping Center | 9.8% | 9.1% | 1,066,609 | 276,965 | 789,644 | 25,411 | 27,664 | 736,569 | 89.6% | 4/16/2019 | TTM 3/31/2019 | 1,023,922 | 257,554 | 766,369 | 0 | ||
27 | Holiday Inn Express - Orem | 12.8% | 11.3% | 2,662,705 | 1,728,874 | 933,831 | 106,508 | 0 | 827,323 | 65.3% | 4/30/2019 | 90 | 59 | TTM 4/30/2019 | 2,662,705 | 1,762,311 | 900,394 | 0 |
28 | Courtyard by Marriott Beaumont | 13.0% | 11.4% | 2,687,661 | 1,815,664 | 871,997 | 107,506 | 0 | 764,491 | 81.8% | 3/31/2019 | 110 | 88 | TTM 3/31/2019 | 2,747,607 | 1,806,542 | 941,065 | 0 |
29 | Frederick Avenue Shopping Center | 14.0% | 13.6% | 1,178,078 | 289,232 | 888,846 | 4,563 | 21,294 | 862,989 | 100.0% | 3/19/2019 | TTM 3/31/2019 | 1,212,791 | 287,226 | 925,565 | 0 | ||
30 | Coventry Commons | 11.6% | 10.7% | 1,262,290 | 541,959 | 720,331 | 43,721 | 16,323 | 660,287 | 87.2% | 4/18/2019 | TTM 2/28/2019 | 1,266,769 | 594,004 | 672,765 | 0 | ||
31 | Asbury Commons | 12.3% | 11.5% | 937,083 | 211,681 | 725,403 | 13,818 | 34,567 | 677,018 | 94.1% | 4/1/2019 | TTM 2/28/2019 | 966,690 | 91,560 | 875,130 | 0 | ||
32 | Hampton Inn - Milan | 17.5% | 15.6% | 2,719,045 | 1,705,210 | 1,013,834 | 108,762 | 0 | 905,073 | 77.2% | 3/31/2019 | 137 | 106 | TTM 3/31/2019 | 2,719,045 | 1,626,960 | 1,092,084 | 0 |
33 | Cedar Run Corporate Center | 12.5% | 11.3% | 1,164,854 | 443,716 | 721,138 | 11,807 | 59,034 | 650,297 | 92.1% | 4/1/2019 | TTM 2/28/2019 | 1,009,506 | 442,773 | 566,733 | 0 | ||
34 | Holiday Inn Express Wilkes Barre East | 14.8% | 13.0% | 2,664,614 | 1,820,781 | 843,833 | 106,585 | 0 | 737,249 | 66.0% | 2/28/2019 | 94 | 62 | TTM 2/28/2019 | 2,664,614 | 1,833,665 | 830,949 | 0 |
35 | CLC Self Storage - Redford | 9.6% | 9.5% | 759,455 | 270,788 | 488,668 | 4,694 | 0 | 483,973 | 82.4% | 4/30/2019 | Annualized 3 3/31/2019 | 824,868 | 273,215 | 551,653 | 0 | ||
36 | Dick’s Sporting Goods - Wausau | 10.5% | 10.0% | 728,422 | 210,409 | 518,013 | 2,250 | 24,047 | 491,716 | 100.0% | 7/1/2019 | TTM 3/31/2019 | 630,000 | 74,529 | 555,471 | 0 | ||
37 | All American Storage Bloomington South | 8.4% | 8.2% | 630,901 | 226,862 | 404,040 | 8,259 | 0 | 395,781 | 78.8% | 3/31/2019 | TTM 4/30/2019 | 622,901 | 218,224 | 404,678 | 0 |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Cut-off Date U/W NOI Debt Yield(3)(7) | Cut-off Date U/W NCF Debt Yield(3)(7) | U/W Revenues ($)(2)(8) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate(2)(9) | Occupancy as-of Date | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period | Most Recent Revenues ($)(8) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Capital Expenditures |
38 | Firewheel Corners Shopping Center | 11.8% | 11.4% | 753,643 | 255,343 | 498,300 | 3,319 | 15,488 | 479,494 | 93.2% | 4/1/2019 | TTM 3/31/2019 | 778,275 | 237,893 | 540,382 | 0 | ||
39 | Lakeland MHP | 9.8% | 9.7% | 649,726 | 244,324 | 405,402 | 5,350 | 0 | 400,052 | 95.3% | 4/1/2019 | TTM 3/31/2019 | 644,624 | 227,848 | 416,776 | 0 | ||
40 | All American Storage East | 8.5% | 8.3% | 495,216 | 152,174 | 343,042 | 7,618 | 0 | 335,424 | 77.3% | 3/31/2019 | TTM 4/30/2019 | 495,216 | 146,401 | 348,815 | 0 | ||
41 | Wolverine Portfolio | 8.4% | 8.2% | 8,308,685 | 3,371,488 | 4,937,197 | 82,450 | 0 | 4,854,747 | 79.9% | 2/28/2019 | TTM 2/28/2019 | 8,127,460 | 3,378,272 | 4,749,188 | 0 | ||
41.01 | Apple Tree Estates | 1,316,317 | 422,588 | 893,729 | 11,900 | 0 | 881,829 | 88.7% | 2/28/2019 | TTM 2/28/2019 | 1,301,801 | 422,781 | 879,020 | 0 | ||||
41.02 | South Lyon | 1,278,319 | 394,679 | 883,640 | 10,550 | 0 | 873,090 | 88.2% | 2/28/2019 | TTM 2/28/2019 | 1,227,898 | 398,947 | 828,951 | 0 | ||||
41.03 | Metro Commons | 1,244,339 | 525,134 | 719,205 | 11,350 | 0 | 707,855 | 82.4% | 2/28/2019 | TTM 2/28/2019 | 1,211,844 | 525,752 | 686,092 | 0 | ||||
41.04 | Brighton Village | 1,059,662 | 389,113 | 670,549 | 9,650 | 0 | 660,899 | 86.5% | 2/28/2019 | TTM 2/28/2019 | 1,048,702 | 391,501 | 657,201 | 0 | ||||
41.05 | College Heights | 887,313 | 366,992 | 520,321 | 8,050 | 0 | 512,271 | 85.7% | 2/28/2019 | TTM 2/28/2019 | 874,472 | 367,438 | 507,034 | 0 | ||||
41.06 | Hillcrest | 623,747 | 286,985 | 336,762 | 7,500 | 0 | 329,262 | 70.7% | 2/28/2019 | TTM 2/28/2019 | 635,013 | 287,285 | 347,728 | 0 | ||||
41.07 | Royal Village | 651,378 | 360,308 | 291,070 | 11,650 | 0 | 279,420 | 48.9% | 2/28/2019 | TTM 2/28/2019 | 642,496 | 365,235 | 277,261 | 0 | ||||
41.08 | Fernwood | 410,381 | 191,833 | 218,548 | 4,600 | 0 | 213,948 | 77.2% | 2/28/2019 | TTM 2/28/2019 | 388,872 | 190,377 | 198,495 | 0 | ||||
41.09 | Satellite Bay | 446,245 | 227,109 | 219,136 | 4,150 | 0 | 214,986 | 94.0% | 2/28/2019 | TTM 2/28/2019 | 400,865 | 222,868 | 177,997 | 0 | ||||
41.10 | Chalet Village | 390,984 | 206,746 | 184,238 | 3,050 | 0 | 181,188 | 98.4% | 2/28/2019 | TTM 2/28/2019 | 395,497 | 206,088 | 189,409 | 0 | ||||
42 | Gala Bend Apartments | 9.4% | 9.1% | 537,444 | 182,789 | 354,655 | 12,000 | 0 | 342,655 | 100.0% | 4/1/2019 | TTM 3/31/2019 | 542,248 | 181,710 | 360,538 | 0 | ||
43 | Palms at Dover | 8.6% | 8.4% | 548,000 | 231,016 | 316,984 | 6,350 | 0 | 310,634 | 96.1% | 4/30/2019 | TTM 3/31/2019 | 548,000 | 184,855 | 363,145 | 0 | ||
44 | 3699 Hamner Ave Retail Center | 10.1% | 9.8% | 515,191 | 150,642 | 364,549 | 2,558 | 9,592 | 352,400 | 100.0% | 5/1/2019 | TTM 4/30/2019 | 535,289 | 180,881 | 354,408 | 0 | ||
45 | Depot Self Storage | 10.0% | 9.8% | 514,166 | 163,130 | 351,036 | 8,918 | 0 | 342,119 | 91.6% | 3/20/2019 | TTM 3/31/2019 | 518,574 | 165,272 | 353,302 | 0 | ||
46 | Walgreens - Richardson, TX | 8.8% | 8.7% | 300,700 | 4,175 | 296,525 | 1,482 | 0 | 295,043 | 100.0% | 7/1/2019 | NAV | NAV | NAV | NAV | NAV | ||
47 | Concourse Office Center | 11.8% | 10.7% | 514,275 | 178,760 | 335,515 | 10,680 | 20,571 | 304,264 | 94.1% | 4/1/2019 | TTM 4/30/2019 | 482,612 | 156,455 | 326,157 | 0 | ||
48 | Apache West MHP | 8.9% | 8.8% | 467,334 | 223,212 | 244,122 | 3,750 | 0 | 240,372 | 98.7% | 2/1/2019 | Annualized 6 12/31/2018 | 469,027 | 203,295 | 265,732 | 0 | ||
49 | Elmira Shopping Center | 9.1% | 8.5% | 359,492 | 127,170 | 232,322 | 1,992 | 13,277 | 217,053 | 77.4% | 5/1/2019 | TTM 3/31/2019 | 322,955 | 112,651 | 210,304 | 0 | ||
50 | Stuff N’ Storage | 9.1% | 8.8% | 394,035 | 185,636 | 208,399 | 4,982 | 0 | 203,417 | 97.3% | 4/25/2019 | TTM 3/31/2019 | 386,716 | 184,449 | 202,267 | 0 | ||
51 | Quality Inn and Suites - Portsmouth | 17.3% | 15.2% | 1,093,964 | 732,502 | 361,462 | 43,759 | 0 | 317,703 | 67.5% | 12/31/2018 | 71 | 48 | Actual 2018 | 1,093,964 | 688,640 | 405,324 | 0 |
52 | Cool Storage | 10.3% | 10.0% | 301,387 | 106,228 | 195,159 | 4,251 | 0 | 190,908 | 88.6% | 3/6/2019 | TTM 3/31/2019 | 305,620 | 88,654 | 216,966 | 0 | ||
53 | Sunshine Self Storage | 11.2% | 11.0% | 315,988 | 109,146 | 206,841 | 5,310 | 0 | 201,531 | 97.8% | 1/23/2019 | TTM 2/28/2019 | 315,988 | 94,874 | 221,113 | 0 | ||
54 | Rolling Oaks MHP | 10.4% | 10.0% | 218,968 | 86,108 | 132,860 | 4,236 | 0 | 128,625 | 83.9% | 4/30/2019 | TTM 2/28/2019 | 219,890 | 84,110 | 135,780 | 0 |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Most Recent NCF ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period | Second Most Recent Revenues ($)(8) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent Capital Expenditures | Second Most Recent NCF ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period | Third Most Recent Revenues ($)(8) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Capital Expenditures |
1 | Nova Place | 10,035,031 | Actual 2017 | 16,115,171 | 7,083,953 | 9,031,218 | 0 | 9,031,218 | Actual 2016 | 13,396,542 | 5,677,218 | 7,719,324 | 0 | ||||
2 | 188 Spear Street | 10,609,308 | Actual 2018 | 14,949,275 | 4,375,215 | 10,574,060 | 0 | 10,574,060 | Actual 2017 | 13,859,480 | 4,260,793 | 9,598,688 | 0 | ||||
3 | 450-460 Park Avenue South | 2,453,518 | Actual 2017 | 7,792,369 | 3,928,265 | 3,864,104 | 0 | 3,864,104 | Actual 2016 | 8,458,306 | 3,518,821 | 4,939,485 | 0 | ||||
4 | El Con Center | 6,512,035 | Actual 2017 | 7,984,336 | 2,347,800 | 5,636,536 | 0 | 5,636,536 | Actual 2016 | 7,850,106 | 2,298,182 | 5,551,924 | 0 | ||||
5 | Shetland Park | 6,505,537 | Actual 2018 | 12,470,521 | 6,075,626 | 6,394,895 | 0 | 6,394,895 | Actual 2017 | 11,484,858 | 5,841,147 | 5,643,711 | 0 | ||||
6 | ExchangeRight Net Leased Portfolio #27 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.01 | Hy-Vee - Cottage Grove, MN | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.02 | BioLife Plasma Services - Savannah, GA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.03 | Pick n Save - Muskego, WI | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.04 | Walgreens - Lubbock, TX | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.05 | Walgreens - Houma, LA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.06 | Walgreens - Greendale, WI | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.07 | Walgreens - Edmond, OK | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.08 | Tractor Supply - Duncansville, PA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.09 | Walgreens - Dayton, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.10 | Walgreens - Augusta, GA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.11 | Advance Auto Parts - Houston, TX | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.12 | O’Reilly - South Houston, TX | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.13 | O’Reilly - Knoxville, TN | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.14 | Dollar General - South Point, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.15 | Dollar General - Slidell, LA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.16 | Dollar General - Houma, LA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.17 | Dollar Tree - Kaukauna, WI | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
6.18 | Dollar General - Mansfield, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
7 | Royal Caribbean - Miramar | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
8 | TOPS Self Storage | 2,347,444 | Actual 2018 | 3,052,773 | 833,653 | 2,219,121 | 0 | 2,219,121 | Actual 2017 | 3,029,950 | 818,972 | 2,210,978 | 0 | ||||
9 | Center North | 1,426,491 | Actual 2018 | 1,949,288 | 1,007,914 | 941,374 | 0 | 941,374 | Actual 2017 | 989,465 | 1,033,897 | -44,432 | 0 | ||||
10 | The Chantilly Office Portfolio | 6,211,845 | Actual 2018 | 10,966,136 | 4,486,782 | 6,479,354 | 0 | 6,479,354 | Actual 2017 | 11,563,821 | 4,532,245 | 7,031,577 | 0 | ||||
10.01 | Stoneleigh I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
10.02 | Stoneleigh II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
10.03 | Glenview II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
10.04 | Glenview I | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
10.05 | Glenbrook III | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
11 | CIRE Equity Retail & Industrial Portfolio | 12,866,781 | Actual 2018 | 17,247,067 | 4,572,346 | 12,674,720 | 0 | 12,674,720 | Actual 2017 | 14,622,381 | 4,060,487 | 10,561,894 | 0 | ||||
11.01 | Wood Village Town Center | 2,138,183 | Actual 2018 | 2,452,348 | 584,313 | 1,868,035 | 0 | 1,868,035 | NAV | NAV | NAV | NAV | NAV | ||||
11.02 | Pecan Promenade | 1,946,733 | Actual 2018 | 2,889,453 | 941,721 | 1,947,732 | 0 | 1,947,732 | Actual 2017 | 2,854,118 | 963,259 | 1,890,858 | 0 | ||||
11.03 | Valley Plaza | 1,730,635 | Actual 2018 | 2,299,616 | 551,143 | 1,748,473 | 0 | 1,748,473 | Actual 2017 | 2,231,849 | 524,561 | 1,707,288 | 0 | ||||
11.04 | Pear Tree | 1,906,899 | Actual 2018 | 2,603,067 | 705,998 | 1,897,070 | 0 | 1,897,070 | Actual 2017 | 2,156,706 | 619,411 | 1,537,295 | 0 | ||||
11.05 | Glendale Market Square | 1,492,700 | Actual 2018 | 2,119,604 | 553,160 | 1,566,444 | 0 | 1,566,444 | Actual 2017 | 2,574,463 | 746,001 | 1,828,462 | 0 | ||||
11.06 | Central Park Shopping Center | 1,510,521 | Actual 2018 | 2,332,463 | 767,722 | 1,564,741 | 0 | 1,564,741 | Actual 2017 | 2,183,914 | 717,680 | 1,466,234 | 0 | ||||
11.07 | Val Vista Towne Center | 1,076,344 | Actual 2018 | 1,437,803 | 384,336 | 1,053,467 | 0 | 1,053,467 | Actual 2017 | 1,474,944 | 381,471 | 1,093,473 | 0 | ||||
11.08 | 2641 Hall Ave - Riverside, CA | 217,536 | Actual 2018 | 226,729 | 22,209 | 204,520 | 0 | 204,520 | Actual 2017 | 234,120 | 21,417 | 212,703 | 0 | ||||
11.09 | 606 W Troy - Indianapolis, IN | 302,412 | Actual 2018 | 312,765 | 33,151 | 279,614 | 0 | 279,614 | Actual 2017 | 313,848 | 21,676 | 292,172 | 0 | ||||
11.10 | Homeland - Bartow, FL | 219,591 | Actual 2018 | 273,790 | 55,216 | 218,574 | 0 | 218,574 | Actual 2017 | 265,962 | 53,050 | 212,912 | 0 | ||||
11.11 | 2621 Hall Ave - Riverside, CA | 325,227 | Actual 2018 | 330,092 | 18,003 | 312,089 | 0 | 312,089 | Actual 2017 | 332,458 | 11,960 | 320,498 | 0 | ||||
12 | 155 Tice Boulevard | 2,986,410 | Actual 2018 | 3,315,265 | 433,329 | 2,881,935 | 0 | 2,881,935 | Actual 2017 | 3,233,345 | 346,544 | 2,886,801 | 0 | ||||
13 | Grand Plaza Commercial | 1,085,228 | Actual 2017 | 1,357,456 | 389,659 | 967,797 | 0 | 967,797 | Actual 2016 | 1,574,122 | 431,482 | 1,142,639 | 0 | ||||
14 | Patuxent Crossing | 1,954,288 | Actual 2017 | 4,109,959 | 2,159,043 | 1,950,916 | 0 | 1,950,916 | Actual 2016 | 4,690,039 | 2,441,416 | 2,248,623 | 0 | ||||
15 | 3636 North Central Avenue | 310,092 | Actual 2018 | 2,362,405 | 1,798,486 | 563,919 | 0 | 563,919 | Actual 2017 | 2,409,368 | 1,696,789 | 712,578 | 0 | ||||
16 | Rittenhouse Square | 1,147,364 | Actual 2018 | 1,337,596 | 199,409 | 1,138,187 | 0 | 1,138,187 | Actual 2017 | 1,332,335 | 177,322 | 1,155,013 | 0 | ||||
17 | CVS El Monte and Ontario | 699,105 | Actual 2018 | 699,105 | 0 | 699,105 | 0 | 699,105 | Actual 2017 | 699,105 | 0 | 699,105 | 0 | ||||
17.01 | CVS Ontario | 444,585 | Actual 2018 | 444,585 | 0 | 444,585 | 0 | 444,585 | Actual 2017 | 444,585 | 0 | 444,585 | 0 | ||||
17.02 | CVS El Monte | 254,520 | Actual 2018 | 254,520 | 0 | 254,520 | 0 | 254,520 | Actual 2017 | 254,520 | 0 | 254,520 | 0 | ||||
18 | CVS Compton | 467,392 | Actual 2018 | 467,392 | 0 | 467,392 | 0 | 467,392 | Actual 2017 | 467,392 | 0 | 467,392 | 0 | ||||
19 | Crossroads Shopping Center - Madera | 1,630,177 | Actual 2018 | 2,178,297 | 546,994 | 1,631,303 | 0 | 1,631,303 | Actual 2017 | 2,108,848 | 567,809 | 1,541,039 | 0 | ||||
20 | Cross Creek Shopping Center | 1,376,499 | Actual 2017 | 1,404,799 | 425,552 | 979,247 | 0 | 979,247 | Actual 2016 | 1,440,086 | 431,455 | 1,008,631 | 0 | ||||
21 | University Square Shopping Center | 1,710,907 | Actual 2018 | 2,433,544 | 731,618 | 1,701,926 | 0 | 1,701,926 | Actual 2017 | 2,344,021 | 733,544 | 1,610,477 | 0 | ||||
22 | El Paso Self Storage Portfolio | 1,392,815 | Actual 2018 | 2,028,421 | 878,637 | 1,149,785 | 0 | 1,149,785 | Annualized 6 6/30/2017 | 1,629,655 | 736,656 | 892,999 | 0 | ||||
22.01 | Extra Space Self Storage - Resler | 586,129 | Actual 2018 | 790,649 | 276,362 | 514,287 | 0 | 514,287 | Annualized 6 6/30/2017 | 704,960 | 233,886 | 471,074 | 0 | ||||
22.02 | Extra Space Self Storage - Helen of Troy | 479,824 | Actual 2018 | 782,076 | 351,781 | 430,295 | 0 | 430,295 | Annualized 6 6/30/2017 | 597,370 | 327,694 | 269,675 | 0 | ||||
22.03 | Extra Space Self Storage - Dyer | 326,862 | Actual 2018 | 455,696 | 250,493 | 205,203 | 0 | 205,203 | Annualized 6 6/30/2017 | 327,325 | 175,075 | 152,250 | 0 | ||||
23 | Johnson Storage Portfolio | 1,237,838 | Actual 2018 | 2,069,253 | 979,537 | 1,089,716 | 0 | 1,089,716 | Actual 2017 | 2,092,709 | 925,173 | 1,167,536 | 0 | ||||
23.01 | Superior Self Storage | 283,431 | Actual 2018 | 372,603 | 147,834 | 224,769 | 0 | 224,769 | Actual 2017 | 377,860 | 137,272 | 240,588 | 0 | ||||
23.02 | Barksdale Self Storage | 194,202 | Actual 2018 | 273,739 | 91,681 | 182,058 | 0 | 182,058 | Actual 2017 | 334,856 | 98,956 | 235,900 | 0 | ||||
23.03 | Action Self Storage | 139,137 | Actual 2018 | 229,155 | 101,103 | 128,052 | 0 | 128,052 | Actual 2017 | 235,664 | 106,178 | 129,487 | 0 | ||||
23.04 | Owosso Mini Storage | 134,267 | Actual 2018 | 238,825 | 120,170 | 118,655 | 0 | 118,655 | Actual 2017 | 232,384 | 99,777 | 132,607 | 0 | ||||
23.05 | A&A Self Storage | 123,728 | Actual 2018 | 195,271 | 83,953 | 111,318 | 0 | 111,318 | Actual 2017 | 186,172 | 91,282 | 94,890 | 0 | ||||
23.06 | North Main Self Storage | 95,743 | Actual 2018 | 191,276 | 116,261 | 75,015 | 0 | 75,015 | Actual 2017 | 190,739 | 102,279 | 88,460 | 0 | ||||
23.07 | Industrial Park Mini Storage | 89,660 | Actual 2018 | 133,118 | 49,935 | 83,182 | 0 | 83,182 | Actual 2017 | 117,475 | 50,065 | 67,410 | 0 | ||||
23.08 | Euclid Self Storage | 78,889 | Actual 2018 | 237,311 | 165,407 | 71,904 | 0 | 71,904 | Actual 2017 | 224,010 | 139,621 | 84,389 | 0 | ||||
23.09 | Hallmark Mini Storage | 98,781 | Actual 2018 | 197,955 | 103,193 | 94,763 | 0 | 94,763 | Actual 2017 | 193,549 | 99,743 | 93,806 | 0 | ||||
24 | Hilton at University Place | 6,194,602 | 140 | 104 | Actual 2018 | 20,176,221 | 14,328,608 | 5,847,613 | 0 | 5,847,613 | 137 | 101 | Actual 2017 | 19,742,148 | 14,051,870 | 5,690,278 | 0 |
25 | Embassy Suites - Williamsburg | 1,323,156 | 120 | 77 | Actual 2018 | 4,833,319 | 3,459,414 | 1,373,905 | 0 | 1,373,905 | 120 | 78 | Actual 2017 | 4,708,546 | 3,634,537 | 1,074,009 | 0 |
26 | Alma Park Shopping Center | 766,369 | Actual 2018 | 1,049,297 | 248,721 | 800,575 | 0 | 800,575 | Actual 2017 | 993,342 | 272,393 | 720,949 | 0 | ||||
27 | Holiday Inn Express - Orem | 900,394 | 90 | 59 | Actual 2018 | 2,717,111 | 1,827,889 | 889,222 | 0 | 889,222 | 89 | 60 | Actual 2017 | 2,791,215 | 1,879,678 | 911,536 | 0 |
28 | Courtyard by Marriott Beaumont | 941,065 | 110 | 90 | Actual 2018 | 2,881,862 | 1,818,957 | 1,062,906 | 0 | 1,062,906 | 113 | 95 | Actual 2017 | 2,551,023 | 1,724,307 | 826,716 | 0 |
29 | Frederick Avenue Shopping Center | 925,565 | Actual 2018 | 1,205,382 | 268,086 | 937,296 | 0 | 937,296 | Actual 2017 | 1,142,509 | 270,278 | 872,231 | 0 | ||||
30 | Coventry Commons | 672,765 | Actual 2018 | 1,259,838 | 602,698 | 657,140 | 0 | 657,140 | Actual 2017 | 1,183,734 | 578,502 | 605,232 | 7,868 | ||||
31 | Asbury Commons | 875,130 | Actual 2018 | 876,964 | 208,500 | 668,464 | 0 | 668,464 | Actual 2017 | 909,175 | 226,037 | 683,138 | 0 | ||||
32 | Hampton Inn - Milan | 1,092,084 | 137 | 106 | Actual 2018 | 2,621,057 | 1,636,357 | 984,700 | 0 | 984,700 | 137 | 102 | Actual 2017 | 2,473,053 | 1,568,291 | 904,762 | 0 |
33 | Cedar Run Corporate Center | 566,733 | Actual 2018 | 997,860 | 423,542 | 574,318 | 0 | 574,318 | Actual 2017 | 934,129 | 374,149 | 559,980 | 0 | ||||
34 | Holiday Inn Express Wilkes Barre East | 830,949 | 94 | 62 | Actual 2018 | 2,638,737 | 1,718,329 | 920,408 | 0 | 920,408 | 90 | 60 | Actual 2017 | 2,256,631 | 1,670,751 | 585,880 | 0 |
35 | CLC Self Storage - Redford | 551,653 | TTM 7/31/2018 | 734,240 | 332,029 | 402,211 | 0 | 402,211 | TTM 7/31/2017 | 651,827 | 317,821 | 334,006 | 0 | ||||
36 | Dick’s Sporting Goods - Wausau | 555,471 | Actual 2018 | 630,000 | 66,234 | 563,766 | 0 | 563,766 | Actual 2017 | 630,000 | 43,533 | 586,467 | 0 | ||||
37 | All American Storage Bloomington South | 404,678 | Actual 2018 | 625,296 | 218,232 | 407,064 | 0 | 407,064 | Actual 2017 | 618,030 | 203,229 | 414,801 | 0 |
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Most Recent NCF ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period | Second Most Recent Revenues ($)(8) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent Capital Expenditures | Second Most Recent NCF ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period | Third Most Recent Revenues ($)(8) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Capital Expenditures |
38 | Firewheel Corners Shopping Center | 540,382 | Actual 2018 | 757,586 | 249,298 | 508,288 | 0 | 508,288 | Actual 2017 | 707,810 | 203,207 | 504,603 | 0 | ||||
39 | Lakeland MHP | 416,776 | Actual 2018 | 649,659 | 206,356 | 443,303 | 0 | 443,303 | Actual 2017 | 545,725 | 202,579 | 343,146 | 0 | ||||
40 | All American Storage East | 348,815 | Actual 2018 | 485,044 | 145,928 | 339,116 | 0 | 339,116 | Actual 2017 | 486,213 | 140,394 | 345,819 | 0 | ||||
41 | Wolverine Portfolio | 4,749,188 | Actual 2017 | 7,475,212 | 3,010,394 | 4,464,818 | 0 | 4,464,818 | Actual 2016 | 6,426,030 | 2,941,367 | 3,484,663 | 0 | ||||
41.01 | Apple Tree Estates | 879,020 | Actual 2017 | 1,129,010 | 412,229 | 716,782 | 0 | 716,782 | Actual 2016 | 930,393 | 391,403 | 538,990 | 0 | ||||
41.02 | South Lyon | 828,951 | Actual 2017 | 1,204,882 | 399,816 | 805,066 | 0 | 805,066 | Actual 2016 | 1,041,149 | 405,530 | 635,619 | 0 | ||||
41.03 | Metro Commons | 686,092 | Actual 2017 | 1,078,048 | 432,868 | 645,180 | 0 | 645,180 | Actual 2016 | 856,349 | 409,126 | 447,223 | 0 | ||||
41.04 | Brighton Village | 657,201 | Actual 2017 | 967,692 | 359,492 | 608,200 | 0 | 608,200 | Actual 2016 | 783,539 | 360,445 | 423,094 | 0 | ||||
41.05 | College Heights | 507,034 | Actual 2017 | 793,625 | 350,877 | 442,748 | 0 | 442,748 | Actual 2016 | 587,207 | 328,273 | 258,934 | 0 | ||||
41.06 | Hillcrest | 347,728 | Actual 2017 | 619,646 | 251,397 | 368,249 | 0 | 368,249 | Actual 2016 | 613,857 | 267,611 | 346,246 | 0 | ||||
41.07 | Royal Village | 277,261 | Actual 2017 | 559,173 | 339,247 | 219,926 | 0 | 219,926 | Actual 2016 | 516,198 | 332,735 | 183,463 | 0 | ||||
41.08 | Fernwood | 198,495 | Actual 2017 | 349,998 | 150,686 | 199,312 | 0 | 199,312 | Actual 2016 | 342,641 | 122,671 | 219,970 | 0 | ||||
41.09 | Satellite Bay | 177,997 | Actual 2017 | 398,391 | 177,329 | 221,062 | 0 | 221,062 | Actual 2016 | 394,426 | 174,574 | 219,852 | 0 | ||||
41.10 | Chalet Village | 189,409 | Actual 2017 | 374,747 | 136,453 | 238,294 | 0 | 238,294 | Actual 2016 | 360,271 | 148,999 | 211,272 | 0 | ||||
42 | Gala Bend Apartments | 360,538 | Actual 2018 | 523,031 | 142,900 | 380,131 | 0 | 380,131 | Actual 2017 | 338,950 | 100,812 | 238,138 | 0 | ||||
43 | Palms at Dover | 363,145 | Actual 2018 | 559,007 | 201,416 | 357,591 | 0 | 357,591 | Actual 2017 | 557,677 | 220,005 | 337,672 | 0 | ||||
44 | 3699 Hamner Ave Retail Center | 354,408 | Actual 2018 | 527,091 | 167,201 | 359,890 | 0 | 359,890 | Actual 2017 | 494,303 | 162,107 | 332,196 | 0 | ||||
45 | Depot Self Storage | 353,302 | Actual 2018 | 521,196 | 165,683 | 355,512 | 0 | 355,512 | Actual 2017 | 501,074 | 174,575 | 326,499 | 0 | ||||
46 | Walgreens - Richardson, TX | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
47 | Concourse Office Center | 326,157 | Actual 2018 | 479,123 | 148,674 | 330,449 | 0 | 330,449 | Actual 2017 | 499,337 | 163,892 | 335,445 | 0 | ||||
48 | Apache West MHP | 265,732 | Actual 2018 | 452,546 | 203,295 | 249,251 | 0 | 249,251 | Actual 2017 | 271,490 | 166,467 | 105,023 | 0 | ||||
49 | Elmira Shopping Center | 210,304 | Actual 2018 | 315,740 | 110,566 | 205,174 | 0 | 205,174 | Actual 2017 | 291,984 | 96,814 | 195,170 | 0 | ||||
50 | Stuff N’ Storage | 202,267 | Actual 2018 | 366,967 | 189,190 | 177,778 | 0 | 177,778 | TTM 9/30/2018 | 322,580 | 194,103 | 128,478 | 0 | ||||
51 | Quality Inn and Suites - Portsmouth | 405,324 | 71 | 48 | Actual 2017 | 1,137,559 | 767,490 | 370,069 | 0 | 370,069 | 70 | 50 | Actual 2016 | 1,006,132 | 725,272 | 280,860 | 0 |
52 | Cool Storage | 216,966 | Actual 2018 | 316,161 | 88,596 | 227,565 | 0 | 227,565 | Actual 2017 | 271,386 | 93,976 | 177,410 | 0 | ||||
53 | Sunshine Self Storage | 221,113 | Actual 2018 | 315,800 | 96,770 | 219,030 | 0 | 219,030 | Actual 2017 | 300,218 | 100,613 | 199,605 | 0 | ||||
54 | Rolling Oaks MHP | 135,780 | Actual 2018 | 225,564 | 80,497 | 145,067 | 0 | 145,067 | Actual 2017 | 198,301 | 83,992 | 114,309 | 0 |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent NCF ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name(6)(9)(10)(11)(12) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date(10) | 2nd Largest Tenant Name(11)(12) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date |
1 | Nova Place | 7,719,324 | N | PNC Financial Services | 395,657 | 34.6% | 12/31/2027 | Expedient / Continental Broadband | 73,000 | 6.4% | 6/30/2020 | ||
2 | 188 Spear Street | 9,598,688 | N | Amazon | 129,192 | 59.1% | 1/1/2027 | New Relic | 73,392 | 33.6% | 7/1/2027 | ||
3 | 450-460 Park Avenue South | 4,939,485 | N | WeWork | 76,373 | 41.8% | 8/31/2034 | Deep Focus | 23,400 | 12.8% | 8/31/2020 | ||
4 | El Con Center | 5,551,924 | N | JC Penney | 220,424 | 45.9% | 8/31/2021 | Century Theatres | 71,698 | 14.9% | 6/30/2024 | ||
5 | Shetland Park | 5,643,711 | N | Excelitas Technologies Corp. | 117,189 | 9.8% | 9/30/2025 | Salem Academy Charter School | 57,826 | 4.9% | 6/30/2032 | ||
6 | ExchangeRight Net Leased Portfolio #27 | NAV | N | Various | 349,490 | Various | Various | ||||||
6.01 | Hy-Vee - Cottage Grove, MN | NAV | N | Hy-Vee | 100,206 | 100.0% | 1/31/2039 | ||||||
6.02 | BioLife Plasma Services - Savannah, GA | NAV | N | BioLife Plasma Services L.P. | 15,730 | 100.0% | 3/31/2034 | ||||||
6.03 | Pick n Save - Muskego, WI | NAV | N | Pick n Save | 62,300 | 100.0% | 12/31/2029 | ||||||
6.04 | Walgreens - Lubbock, TX | NAV | N | Walgreens | 14,820 | 100.0% | 8/31/2031 | ||||||
6.05 | Walgreens - Houma, LA | NAV | N | Walgreens | 14,490 | 100.0% | 2/29/2032 | ||||||
6.06 | Walgreens - Greendale, WI | NAV | N | Walgreens | 13,905 | 100.0% | 6/30/2031 | ||||||
6.07 | Walgreens - Edmond, OK | NAV | N | Walgreens | 14,762 | 100.0% | 7/31/2032 | ||||||
6.08 | Tractor Supply - Duncansville, PA | NAV | N | Tractor Supply | 19,104 | 100.0% | 1/31/2029 | ||||||
6.09 | Walgreens - Dayton, OH | NAV | N | Walgreens | 13,905 | 100.0% | 3/31/2029 | ||||||
6.10 | Walgreens - Augusta, GA | NAV | N | Walgreens | 13,650 | 100.0% | 4/1/2029 | ||||||
6.11 | Advance Auto Parts - Houston, TX | NAV | N | Advance Auto Parts | 6,912 | 100.0% | 2/28/2033 | ||||||
6.12 | O’Reilly - South Houston, TX | NAV | N | O’Reilly | 7,000 | 100.0% | 4/30/2033 | ||||||
6.13 | O’Reilly - Knoxville, TN | NAV | N | O’Reilly | 7,125 | 100.0% | 11/30/2034 | ||||||
6.14 | Dollar General - South Point, OH | NAV | N | Dollar General | 9,002 | 100.0% | 3/31/2034 | ||||||
6.15 | Dollar General - Slidell, LA | NAV | N | Dollar General | 9,002 | 100.0% | 6/30/2033 | ||||||
6.16 | Dollar General - Houma, LA | NAV | N | Dollar General | 9,026 | 100.0% | 6/15/2033 | ||||||
6.17 | Dollar Tree - Kaukauna, WI | NAV | N | Dollar Tree | 9,525 | 100.0% | 5/31/2029 | ||||||
6.18 | Dollar General - Mansfield, OH | NAV | N | Dollar General | 9,026 | 100.0% | 1/31/2034 | ||||||
7 | Royal Caribbean - Miramar | NAV | N | Royal Caribbean Cruises Ltd | 128,540 | 100.0% | 11/30/2028 | ||||||
8 | TOPS Self Storage | 2,210,978 | N | ||||||||||
9 | Center North | -44,432 | N | ||||||||||
10 | The Chantilly Office Portfolio | 7,031,577 | N | Various | Various | Various | Various | Various | Various | Various | Various | ||
10.01 | Stoneleigh I | NAV | N | AECOM Management Services, Inc. | 62,836 | 57.3% | 9/30/2020 | The Teaching Company, LLC | 5,095 | 4.6% | 6/30/2021 | ||
10.02 | Stoneleigh II | NAV | N | The Teaching Company, LLC | 44,434 | 41.7% | 6/30/2021 | Community Management Corporation | 31,556 | 29.6% | 7/31/2021 | ||
10.03 | Glenview II | NAV | N | Aetna Life Insurance | 29,180 | 37.7% | 12/31/2022 | Redfin | 20,358 | 26.3% | 6/30/2024 | ||
10.04 | Glenview I | NAV | N | WEX, Inc. | 32,342 | 42.1% | 12/31/2022 | Tetra Tech, Inc. | 20,020 | 26.1% | 12/31/2024 | ||
10.05 | Glenbrook III | NAV | N | General Dynamics Information Technology, Inc. | 20,627 | 35.1% | 12/31/2020 | The Door and Hardware Institute | 10,701 | 18.2% | 9/30/2019 | ||
11 | CIRE Equity Retail & Industrial Portfolio | 10,561,894 | N | Various | Various | Various | Various | Various | Various | Various | Various | ||
11.01 | Wood Village Town Center | NAV | N | Kohl’s Department Stores, Inc. | 87,501 | 63.8% | 1/31/2027 | Theresa’s Pet | 9,800 | 7.1% | 6/30/2024 | ||
11.02 | Pecan Promenade | 1,890,858 | N | Ross Stores | 30,187 | 21.3% | 1/31/2022 | LA Fitness | 27,564 | 19.5% | 11/30/2029 | ||
11.03 | Valley Plaza | 1,707,288 | N | US Foods | 60,145 | 41.1% | 3/31/2024 | Ross | 27,650 | 18.9% | 1/31/2021 | ||
11.04 | Pear Tree | 1,537,295 | N | JC Penney | 51,395 | 26.0% | 2/28/2024 | Lucky’s (SaveMart) | 49,377 | 25.0% | 3/31/2024 | ||
11.05 | Glendale Market Square | 1,828,462 | N | Floor & Décor | 75,000 | 40.3% | 4/30/2028 | Lina Home Furnishings | 45,000 | 24.2% | 11/30/2024 | ||
11.06 | Central Park Shopping Center | 1,466,234 | N | Big Lots | 32,153 | 21.8% | 1/31/2023 | ARC Thrift Store | 29,294 | 19.9% | 5/31/2025 | ||
11.07 | Val Vista Towne Center | 1,093,473 | N | Ross | 25,126 | 26.9% | 1/31/2022 | Petco | 13,221 | 14.2% | 1/31/2022 | ||
11.08 | 2641 Hall Ave - Riverside, CA | 212,703 | N | 48 Forty Solutions | 34,982 | 100.0% | 5/31/2023 | ||||||
11.09 | 606 W Troy - Indianapolis, IN | 292,172 | N | 48 Forty Solutions | 22,860 | 100.0% | 4/30/2024 | ||||||
11.10 | Homeland - Bartow, FL | 212,912 | N | 48 Forty Solutions | 67,438 | 100.0% | 6/30/2025 | ||||||
11.11 | 2621 Hall Ave - Riverside, CA | 320,498 | N | 48 Forty Solutions | 16,000 | 100.0% | 5/31/2023 | ||||||
12 | 155 Tice Boulevard | 2,886,801 | N | Eisai, Inc. | 118,092 | 100.0% | 6/30/2028 | ||||||
13 | Grand Plaza Commercial | 1,142,639 | N | EOS Fitness | 38,134 | 53.5% | 8/31/2034 | AltaMed Health Services Corp | 22,108 | 31.0% | 3/28/2031 | ||
14 | Patuxent Crossing | 2,248,623 | N | Howard County, Maryland | 63,927 | 21.7% | 9/30/2025 | FEI.COM | 58,332 | 19.8% | 5/31/2021 | ||
15 | 3636 North Central Avenue | 712,578 | N | Arizona Children Association | 44,390 | 20.4% | 5/31/2030 | GSA - Army Corp of Engineers | 28,436 | 13.0% | 8/31/2033 | ||
16 | Rittenhouse Square | 1,155,013 | N | Bank of America | 4,435 | 13.0% | 8/31/2029 | Philly Pretzel | 500 | 1.5% | 6/30/2024 | ||
17 | CVS El Monte and Ontario | 699,105 | N | CVS | 45,980 | 100.0% | 1/31/2032 | ||||||
17.01 | CVS Ontario | 444,585 | N | CVS | 26,006 | 100.0% | 1/31/2032 | ||||||
17.02 | CVS El Monte | 254,520 | N | CVS | 19,974 | 100.0% | 1/31/2032 | ||||||
18 | CVS Compton | 467,392 | N | CVS | 22,880 | 100.0% | 1/31/2032 | ||||||
19 | Crossroads Shopping Center - Madera | 1,541,039 | N | Rancho San Miguel Market | 55,800 | 58.3% | 10/14/2028 | Family Dollar Stores, Inc. #29310 | 9,180 | 9.6% | 3/31/2022 | ||
20 | Cross Creek Shopping Center | 1,008,631 | N | Kohl’s | 93,310 | 66.0% | 1/31/2029 | Bob’s Discount Funriture | 37,459 | 26.5% | 5/30/2029 | ||
21 | University Square Shopping Center | 1,610,477 | N | Mega Furniture | 26,250 | 34.5% | 4/30/2026 | Good Sports | 7,000 | 9.2% | 12/31/2019 | ||
22 | El Paso Self Storage Portfolio | 892,999 | N | ||||||||||
22.01 | Extra Space Self Storage - Resler | 471,074 | N | ||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | 269,675 | N | ||||||||||
22.03 | Extra Space Self Storage - Dyer | 152,250 | N | ||||||||||
23 | Johnson Storage Portfolio | 1,167,536 | N | ||||||||||
23.01 | Superior Self Storage | 240,588 | N | ||||||||||
23.02 | Barksdale Self Storage | 235,900 | N | ||||||||||
23.03 | Action Self Storage | 129,487 | N | ||||||||||
23.04 | Owosso Mini Storage | 132,607 | N | ||||||||||
23.05 | A&A Self Storage | 94,890 | N | ||||||||||
23.06 | North Main Self Storage | 88,460 | N | ||||||||||
23.07 | Industrial Park Mini Storage | 67,410 | N | ||||||||||
23.08 | Euclid Self Storage | 84,389 | N | ||||||||||
23.09 | Hallmark Mini Storage | 93,806 | N | ||||||||||
24 | Hilton at University Place | 5,690,278 | 136 | 100 | N | ||||||||
25 | Embassy Suites - Williamsburg | 1,074,009 | 117 | 76 | N | ||||||||
26 | Alma Park Shopping Center | 720,949 | N | Robert’s Hardware | 12,800 | 18.6% | 8/31/2024 | Dollar Tree Stores INC | 11,868 | 17.3% | 4/30/2021 | ||
27 | Holiday Inn Express - Orem | 911,536 | 93 | 62 | N | ||||||||
28 | Courtyard by Marriott Beaumont | 826,716 | 100 | 83 | N | ||||||||
29 | Frederick Avenue Shopping Center | 872,231 | N | Mega Mart International Food | 11,161 | 36.7% | 9/30/2023 | Advance Auto Parts | 7,888 | 25.9% | 12/31/2021 | ||
30 | Coventry Commons | 597,364 | N | The Salvation Army | 39,445 | 35.4% | 1/31/2026 | Dollar Tree | 10,920 | 9.8% | 9/30/2022 | ||
31 | Asbury Commons | 683,138 | N | Winn-Dixie | 40,873 | 73.9% | 3/16/2024 | My Time Fitness | 4,320 | 7.8% | 11/30/2022 | ||
32 | Hampton Inn - Milan | 904,762 | 130 | 96 | N | ||||||||
33 | Cedar Run Corporate Center | 559,980 | N | Timken Gear & Services (Philadelphia Gear) | 15,728 | 26.6% | 5/31/2020 | Dr. Jeffrey Katzman | 6,177 | 10.5% | 11/30/2021 | ||
34 | Holiday Inn Express Wilkes Barre East | 585,880 | 88 | 52 | N | ||||||||
35 | CLC Self Storage - Redford | 334,006 | N | ||||||||||
36 | Dick’s Sporting Goods - Wausau | 586,467 | N | Dick’s Sporting Goods | 45,000 | 100.0% | 1/31/2027 | ||||||
37 | All American Storage Bloomington South | 414,801 | N |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent NCF ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name(6)(9)(10)(11)(12) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date(10) | 2nd Largest Tenant Name(11)(12) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date |
38 | Firewheel Corners Shopping Center | 504,603 | N | Clothes Mentor | 3,565 | 16.1% | 8/31/2019 | Verizon Wireless | 2,913 | 13.2% | 2/28/2021 | ||
39 | Lakeland MHP | 343,146 | N | ||||||||||
40 | All American Storage East | 345,819 | N | ||||||||||
41 | Wolverine Portfolio | 3,484,663 | N | ||||||||||
41.01 | Apple Tree Estates | 538,990 | N | ||||||||||
41.02 | South Lyon | 635,619 | N | ||||||||||
41.03 | Metro Commons | 447,223 | N | ||||||||||
41.04 | Brighton Village | 423,094 | N | ||||||||||
41.05 | College Heights | 258,934 | N | ||||||||||
41.06 | Hillcrest | 346,246 | N | ||||||||||
41.07 | Royal Village | 183,463 | N | ||||||||||
41.08 | Fernwood | 219,970 | N | ||||||||||
41.09 | Satellite Bay | 219,852 | N | ||||||||||
41.10 | Chalet Village | 211,272 | N | ||||||||||
42 | Gala Bend Apartments | 238,138 | N | ||||||||||
43 | Palms at Dover | 337,672 | Y | ||||||||||
44 | 3699 Hamner Ave Retail Center | 332,196 | N | Starbucks Corporation | 1,800 | 14.1% | 9/30/2025 | Scrambler’s Cafe | 1,540 | 12.0% | 9/30/2025 | ||
45 | Depot Self Storage | 326,499 | N | ||||||||||
46 | Walgreens - Richardson, TX | NAV | N | Walgreens | 14,820 | 100.0% | 3/31/2083 | ||||||
47 | Concourse Office Center | 335,445 | N | Life Support Services, In | 3,282 | 11.1% | 5/31/2021 | Inora Technologies, Inc. | 3,073 | 10.4% | 8/31/2019 | ||
48 | Apache West MHP | 105,023 | N | ||||||||||
49 | Elmira Shopping Center | 195,170 | N | Empire Novelties | 3,850 | 29.1% | 12/31/2020 | Compassionate Dental | 2,362 | 17.9% | 8/31/2022 | ||
50 | Stuff N’ Storage | 128,478 | N | ||||||||||
51 | Quality Inn and Suites - Portsmouth | 280,860 | 67 | 44 | N | ||||||||
52 | Cool Storage | 177,410 | N | ||||||||||
53 | Sunshine Self Storage | 199,605 | N | ||||||||||
54 | Rolling Oaks MHP | 114,309 | N |
A-1-14
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 3rd Largest Tenant Name(12)(13) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date | 4th Largest Tenant Name(6)(9)(12) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date |
1 | Nova Place | United Healthcare Services, Inc. | 71,500 | 6.3% | 6/30/2024 | Confluence Technologies, Inc. | 40,867 | 3.6% | 11/30/2027 |
2 | 188 Spear Street | JP Morgan Chase | 3,439 | 1.6% | 11/1/2023 | Lee’s Deli | 3,286 | 1.5% | 4/1/2023 |
3 | 450-460 Park Avenue South | Fusion Learning Inc. | 14,070 | 7.7% | 6/21/2022 | Mphasis Corporation | 8,000 | 4.4% | 1/15/2022 |
4 | El Con Center | Burlington Coat Factory | 65,000 | 13.5% | 4/30/2020 | Ross Dress For Less | 30,186 | 6.3% | 1/31/2023 |
5 | Shetland Park | Comm. Of MA - Registry of Deeds | 39,093 | 3.3% | 3/27/2020 | GTAT Corporation | 37,408 | 3.1% | 5/31/2021 |
6 | ExchangeRight Net Leased Portfolio #27 | ||||||||
6.01 | Hy-Vee - Cottage Grove, MN | ||||||||
6.02 | BioLife Plasma Services - Savannah, GA | ||||||||
6.03 | Pick n Save - Muskego, WI | ||||||||
6.04 | Walgreens - Lubbock, TX | ||||||||
6.05 | Walgreens - Houma, LA | ||||||||
6.06 | Walgreens - Greendale, WI | ||||||||
6.07 | Walgreens - Edmond, OK | ||||||||
6.08 | Tractor Supply - Duncansville, PA | ||||||||
6.09 | Walgreens - Dayton, OH | ||||||||
6.10 | Walgreens - Augusta, GA | ||||||||
6.11 | Advance Auto Parts - Houston, TX | ||||||||
6.12 | O’Reilly - South Houston, TX | ||||||||
6.13 | O’Reilly - Knoxville, TN | ||||||||
6.14 | Dollar General - South Point, OH | ||||||||
6.15 | Dollar General - Slidell, LA | ||||||||
6.16 | Dollar General - Houma, LA | ||||||||
6.17 | Dollar Tree - Kaukauna, WI | ||||||||
6.18 | Dollar General - Mansfield, OH | ||||||||
7 | Royal Caribbean - Miramar | ||||||||
8 | TOPS Self Storage | ||||||||
9 | Center North | ||||||||
10 | The Chantilly Office Portfolio | Various | Various | Various | Various | Various | Various | Various | Various |
10.01 | Stoneleigh I | ||||||||
10.02 | Stoneleigh II | Johnston McLamb CASE Solutions, Inc. | 27,194 | 25.5% | 1/14/2024 | AECOM Management Services, Inc. | 3,363 | 3.2% | 11/30/2022 |
10.03 | Glenview II | National Datacare Corporation | 12,805 | 16.5% | 10/31/2020 | Omniplex World Services | 4,370 | 5.6% | 2/29/2020 |
10.04 | Glenview I | General Dynamics Information Technology, Inc. | 20,000 | 26.1% | 1/31/2021 | ||||
10.05 | Glenbrook III | America’s Charities | 7,951 | 13.5% | 12/31/2021 | First American Title | 5,856 | 10.0% | 1/31/2021 |
11 | CIRE Equity Retail & Industrial Portfolio | Various | Various | Various | Various | Various | Various | Various | Various |
11.01 | Wood Village Town Center | The Rock Wood Fired Pizza & Spirit/Hot Stone, LLC | 5,196 | 3.8% | 6/30/2021 | The Sleep Train, INC (Mattress Firm) | 5,091 | 3.7% | 9/30/2026 |
11.02 | Pecan Promenade | Dollar Tree | 10,000 | 7.1% | 10/31/2022 | Kirkland’s | 10,000 | 7.1% | 6/30/2020 |
11.03 | Valley Plaza | Salon Boutique | 7,880 | 5.4% | 5/31/2028 | Banner Health | 5,000 | 3.4% | 8/31/2023 |
11.04 | Pear Tree | Ross | 25,976 | 13.2% | 1/30/2025 | Big 5 Sporting Goods | 16,520 | 8.4% | 5/31/2022 |
11.05 | Glendale Market Square | EJ’s Auction & Consignment | 28,909 | 15.6% | 11/30/2025 | Hospice of the Valley | 8,443 | 4.5% | 2/29/2020 |
11.06 | Central Park Shopping Center | Adventure Dental | 8,809 | 6.0% | 2/29/2024 | Fast Cash Pawn & Jewelry | 5,724 | 3.9% | 11/30/2019 |
11.07 | Val Vista Towne Center | Fred Astaire | 3,511 | 3.8% | 11/30/2024 | Val Vista Dental | 2,551 | 2.7% | 4/30/2020 |
11.08 | 2641 Hall Ave - Riverside, CA | ||||||||
11.09 | 606 W Troy - Indianapolis, IN | ||||||||
11.10 | Homeland - Bartow, FL | ||||||||
11.11 | 2621 Hall Ave - Riverside, CA | ||||||||
12 | 155 Tice Boulevard | ||||||||
13 | Grand Plaza Commercial | David Mi & Partners | 3,024 | 4.2% | 10/31/2022 | 7-Eleven | 2,450 | 3.4% | 8/31/2029 |
14 | Patuxent Crossing | State of Maryland - Department of Human Services | 42,702 | 14.5% | 10/31/2028 | Howard County Housing Comm | 27,332 | 9.3% | 6/30/2027 |
15 | 3636 North Central Avenue | Manning & Kass, Ellrod, Ramirez, Trester LLP | 16,360 | 7.5% | 12/14/2022 | Cavco Industries, Inc. | 14,974 | 6.9% | 03/12/2026 |
16 | Rittenhouse Square | AT&T Mobility | 5/15/2024 | ||||||
17 | CVS El Monte and Ontario | ||||||||
17.01 | CVS Ontario | ||||||||
17.02 | CVS El Monte | ||||||||
18 | CVS Compton | ||||||||
19 | Crossroads Shopping Center - Madera | Fashion Outlet / Mi Amor | 5,000 | 5.2% | 12/31/2021 | McDonald’s (Land Lease) | 3,760 | 3.9% | 10/31/2028 |
20 | Cross Creek Shopping Center | Disc Replay | 4,159 | 2.9% | 12/31/2026 | ||||
21 | University Square Shopping Center | HuHot Mongolian Grill | 5,540 | 7.3% | 3/31/2023 | Factory Mattress Direct | 4,000 | 5.3% | 8/31/2020 |
22 | El Paso Self Storage Portfolio | ||||||||
22.01 | Extra Space Self Storage - Resler | ||||||||
22.02 | Extra Space Self Storage - Helen of Troy | ||||||||
22.03 | Extra Space Self Storage - Dyer | ||||||||
23 | Johnson Storage Portfolio | ||||||||
23.01 | Superior Self Storage | ||||||||
23.02 | Barksdale Self Storage | ||||||||
23.03 | Action Self Storage | ||||||||
23.04 | Owosso Mini Storage | ||||||||
23.05 | A&A Self Storage | ||||||||
23.06 | North Main Self Storage | ||||||||
23.07 | Industrial Park Mini Storage | ||||||||
23.08 | Euclid Self Storage | ||||||||
23.09 | Hallmark Mini Storage | ||||||||
24 | Hilton at University Place | ||||||||
25 | Embassy Suites - Williamsburg | ||||||||
26 | Alma Park Shopping Center | Arizona Soap Supply | 8,600 | 12.5% | 1/31/2024 | Barro’s Pizza | 4,200 | 6.1% | 5/31/2023 |
27 | Holiday Inn Express - Orem | ||||||||
28 | Courtyard by Marriott Beaumont | ||||||||
29 | Frederick Avenue Shopping Center | Fed Ex Kinkos | 6,307 | 20.7% | 9/30/2027 | 7-Eleven | 3,000 | 9.9% | 12/31/2022 |
30 | Coventry Commons | Aqua Tots | 8,400 | 7.5% | 1/31/2026 | Broad Family Chiropractic | 4,356 | 3.9% | 1/31/2023 |
31 | Asbury Commons | Subway | 1,440 | 2.6% | 10/31/2019 | Clippers | 1,080 | 2.0% | 8/31/2020 |
32 | Hampton Inn - Milan | ||||||||
33 | Cedar Run Corporate Center | Advanced Recovery Systems | 5,901 | 10.0% | 8/31/2021 | Retired Seniors Volunteer Program of MontCo | 5,020 | 8.5% | 7/31/2021 |
34 | Holiday Inn Express Wilkes Barre East | ||||||||
35 | CLC Self Storage - Redford | ||||||||
36 | Dick’s Sporting Goods - Wausau | ||||||||
37 | All American Storage Bloomington South |
A-1-15
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 3rd Largest Tenant Name(12)(13) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date | 4th Largest Tenant Name(6)(9)(12) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date |
38 | Firewheel Corners Shopping Center | Fast Signs | 2,300 | 10.4% | 9/30/2022 | Sparks Dental | 1,950 | 8.8% | 4/30/2025 |
39 | Lakeland MHP | ||||||||
40 | All American Storage East | ||||||||
41 | Wolverine Portfolio | ||||||||
41.01 | Apple Tree Estates | ||||||||
41.02 | South Lyon | ||||||||
41.03 | Metro Commons | ||||||||
41.04 | Brighton Village | ||||||||
41.05 | College Heights | ||||||||
41.06 | Hillcrest | ||||||||
41.07 | Royal Village | ||||||||
41.08 | Fernwood | ||||||||
41.09 | Satellite Bay | ||||||||
41.10 | Chalet Village | ||||||||
42 | Gala Bend Apartments | ||||||||
43 | Palms at Dover | ||||||||
44 | 3699 Hamner Ave Retail Center | Hsiu Lien Chiu & Chin Hisi Wang dba Crazy Brothers Sushi | 1,540 | 12.0% | 1/31/2020 | Jacob Zobrist- Studio D | 1,428 | 11.2% | 3/31/2023 |
45 | Depot Self Storage | ||||||||
46 | Walgreens - Richardson, TX | ||||||||
47 | Concourse Office Center | CTC Engineering, Inc. | 2,280 | 7.7% | 2/28/2020 | ACTech North America, | 1,987 | 6.7% | 12/31/2020 |
48 | Apache West MHP | ||||||||
49 | Elmira Shopping Center | Metro PCS | 2,000 | 15.1% | 2/29/2020 | Anabelle Nails | 1,100 | 8.3% | 6/30/2021 |
50 | Stuff N’ Storage | ||||||||
51 | Quality Inn and Suites - Portsmouth | ||||||||
52 | Cool Storage | ||||||||
53 | Sunshine Self Storage | ||||||||
54 | Rolling Oaks MHP |
A-1-16
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 5th Largest Tenant Name(9)(12) | 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 | Engineering Escrow / Deferred Maintenance ($) |
1 | Nova Place | DataBank Holdings | 38,009 | 3.3% | 9/30/2033 | 3/28/2019 | 4/10/2019 | N | Y | Refinance | 0 | |||
2 | 188 Spear Street | SF Florist, Inc. | 3,083 | 1.4% | 9/1/2022 | 5/7/2019 | 5/6/2019 | 5/6/2019 | 16.0% | N | Y | Refinance | 0 | |
3 | 450-460 Park Avenue South | Pipedrive | 7,500 | 4.1% | 12/20/2022 | 3/27/2019 | 3/28/2019 | N | Y | Refinance | 0 | |||
4 | El Con Center | Marshall’s | 25,000 | 5.2% | 8/31/2025 | 3/22/2019 | 3/22/2019 | N | Y | Refinance | 0 | |||
5 | Shetland Park | Lahey Health Behavioral SVCS. | 27,760 | 2.3% | 4/30/2023 | 4/10/2019; 4/11/2019; 4/16/2019 | 4/10/2019; 4/15/2019 | 1/9/2019; 2/8/2019 | N | Y | Acquisition | 108,875 | ||
6 | ExchangeRight Net Leased Portfolio #27 | Various | Various | N | Y | Acquisition | 77,250 | |||||||
6.01 | Hy-Vee - Cottage Grove, MN | 11/12/2018 | 11/12/2018 | N | Y | |||||||||
6.02 | BioLife Plasma Services - Savannah, GA | 4/19/2019 | 4/19/2019 | N | Y | |||||||||
6.03 | Pick n Save - Muskego, WI | 3/18/2019 | 3/18/2019 | N | Y | |||||||||
6.04 | Walgreens - Lubbock, TX | 4/11/2019 | 4/11/2019 | N | Y | |||||||||
6.05 | Walgreens - Houma, LA | 4/12/2019 | 4/12/2019 | N | Y | |||||||||
6.06 | Walgreens - Greendale, WI | 4/11/2019 | 4/11/2019 | N | Y | |||||||||
6.07 | Walgreens - Edmond, OK | 4/25/2019 | 4/25/2019 | N | Y | |||||||||
6.08 | Tractor Supply - Duncansville, PA | 2/19/2019 | 2/19/2019 | N | Y | |||||||||
6.09 | Walgreens - Dayton, OH | 3/21/2019 | 3/21/2019 | N | Y | |||||||||
6.10 | Walgreens - Augusta, GA | 4/2/2019 | 4/2/2019 | N | Y | |||||||||
6.11 | Advance Auto Parts - Houston, TX | 4/11/2019 | 4/11/2019 | N | Y | |||||||||
6.12 | O’Reilly - South Houston, TX | 4/12/2019 | 4/12/2019 | N | Y | |||||||||
6.13 | O’Reilly - Knoxville, TN | 4/22/2019 | 4/22/2019 | N | Y | |||||||||
6.14 | Dollar General - South Point, OH | 4/18/2019 | 4/18/2019 | N | Y | |||||||||
6.15 | Dollar General - Slidell, LA | 4/2/2019 | 4/2/2019 | N | Y | |||||||||
6.16 | Dollar General - Houma, LA | 4/2/2019 | 4/2/2019 | N | Y | |||||||||
6.17 | Dollar Tree - Kaukauna, WI | 3/14/2019 | 3/14/2019 | N | Y | |||||||||
6.18 | Dollar General - Mansfield, OH | 4/18/2019 | 4/18/2019 | N | Y | |||||||||
7 | Royal Caribbean - Miramar | 4/4/2019 | 5/1/2019 | N | Y | Acquisition | 0 | |||||||
8 | TOPS Self Storage | 4/8/2019 | 4/8/2019 | 3/29/2019 | 14.0% | N | Y | Refinance | 69,141 | |||||
9 | Center North | 5/21/2019 | 5/14/2019 | N | Y | Refinance | 0 | |||||||
10 | The Chantilly Office Portfolio | Various | Various | Various | Various | Various | 4/3/2019 | N | Y | Recapitalization | 0 | |||
10.01 | Stoneleigh I | 3/29/2019 | 4/3/2019 | N | Y | |||||||||
10.02 | Stoneleigh II | 3/29/2019 | 4/3/2019 | N | Y | |||||||||
10.03 | Glenview II | 4/1/2019 | 4/3/2019 | N | Y | |||||||||
10.04 | Glenview I | 4/1/2019 | 4/3/2019 | N | Y | |||||||||
10.05 | Glenbrook III | AECOM Management Services, Inc. | 5,184 | 8.8% | 10/31/2021 | 4/1/2019 | 4/3/2019 | N | Y | |||||
11 | CIRE Equity Retail & Industrial Portfolio | Various | Various | Various | Various | 4/12/2019 | 4/12/2019 | Various | Various | Various | Various | Y | Refinance | 171,330 |
11.01 | Wood Village Town Center | National Vision, Inc. | 3,183 | 2.3% | 1/31/2020 | 4/12/2019 | 4/12/2019 | 4/12/2019 | 7.0% | N | Y | |||
11.02 | Pecan Promenade | Shoe Show | 7,007 | 5.0% | 6/30/2026 | 4/12/2019 | 4/12/2019 | N | Y | |||||
11.03 | Valley Plaza | Sprint | 4,230 | 2.9% | 8/31/2021 | 4/12/2019 | 4/12/2019 | N | Y | |||||
11.04 | Pear Tree | Maurice’s | 5,300 | 2.7% | 1/31/2021 | 4/12/2019 | 4/12/2019 | 4/12/2019 | 17.0% | N | Y | |||
11.05 | Glendale Market Square | Cucina Tagliani | 4,920 | 2.6% | 4/30/2024 | 4/12/2019 | 4/12/2019 | N | Y | |||||
11.06 | Central Park Shopping Center | Comrade Brewery | 5,315 | 3.6% | 5/31/2021 | 4/12/2019 | 4/12/2019 | 6/6/2013 | N | Y | ||||
11.07 | Val Vista Towne Center | Regis Salon | 1,910 | 2.0% | 11/30/2019 | 4/12/2019 | 4/12/2019 | N | Y | |||||
11.08 | 2641 Hall Ave - Riverside, CA | 4/12/2019 | 4/12/2019 | 4/12/2019 | 14.0% | N | Y | |||||||
11.09 | 606 W Troy - Indianapolis, IN | 4/12/2019 | 4/12/2019 | N | Y | |||||||||
11.10 | Homeland - Bartow, FL | 4/12/2019 | 4/12/2019 | N | Y | |||||||||
11.11 | 2621 Hall Ave - Riverside, CA | 4/12/2019 | 4/12/2019 | 4/12/2019 | 11.0% | N | Y | |||||||
12 | 155 Tice Boulevard | 2/14/2019 | 2/14/2019 | N | Y | Acquisition | 0 | |||||||
13 | Grand Plaza Commercial | Kapoor’s Akbar | 1,620 | 2.3% | 11/30/2027 | 3/27/2019 | 3/27/2019 | 3/27/2019 | 18.0% | N | Y | Refinance | 0 | |
14 | Patuxent Crossing | Kennedy Krieger Institute | 26,946 | 9.1% | 4/30/2022 | 2/25/2019 | 2/11/2019 | N | Y | Acquisition | 252,250 | |||
15 | 3636 North Central Avenue | Mayes Telles PLLC | 12,203 | 5.6% | 8/21/2024 | 4/24/2019 | 4/22/2019 | N | Y | Refinance | 2,488 | |||
16 | Rittenhouse Square | 3/15/2019 | 3/14/2019 | N | Y | Acquisition | 0 | |||||||
17 | CVS El Monte and Ontario | Various | Various | Various | Various | Various | Y | Acquisition | 0 | |||||
17.01 | CVS Ontario | 3/4/2019 | 3/4/2019 | 3/4/2019 | 13.0% | N | Y | |||||||
17.02 | CVS El Monte | 3/7/2019 | 3/7/2019 | 3/5/2019 | 25.0% | Y | Y | |||||||
18 | CVS Compton | 3/6/2019 | 3/6/2019 | 3/6/2019 | 15.0% | N | Y | Acquisition | 0 | |||||
19 | Crossroads Shopping Center - Madera | Mountain Mike’s Pizza | 2,775 | 2.9% | 10/31/2026 | 3/28/2019 | 3/28/2019 | 3/28/2019 | 5.0% | N | Y | Acquisition | 0 | |
20 | Cross Creek Shopping Center | 11/28/2018 | 11/28/2018 | N | Y | Refinance | 9,225 | |||||||
21 | University Square Shopping Center | Jose Reyes MD | 4,000 | 5.3% | 9/30/2019 | 4/18/2019 | 4/18/2019 | N | Y | Refinance | 11,875 | |||
22 | El Paso Self Storage Portfolio | 1/30/2019 | 2/1/2019 | N | Y | Refinance | 0 | |||||||
22.01 | Extra Space Self Storage - Resler | 1/30/2019 | 2/1/2019 | N | Y | |||||||||
22.02 | Extra Space Self Storage - Helen of Troy | 1/30/2019 | 2/1/2019 | N | Y | |||||||||
22.03 | Extra Space Self Storage - Dyer | 1/30/2019 | 2/1/2019 | N | Y | |||||||||
23 | Johnson Storage Portfolio | 5/13/2019 | Various | N | Y | Refinance | 584,311 | |||||||
23.01 | Superior Self Storage | 5/13/2019 | 5/13/2019 | N | Y | |||||||||
23.02 | Barksdale Self Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
23.03 | Action Self Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
23.04 | Owosso Mini Storage | 5/13/2019 | 7/30/2018 | N | Y | |||||||||
23.05 | A&A Self Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
23.06 | North Main Self Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
23.07 | Industrial Park Mini Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
23.08 | Euclid Self Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
23.09 | Hallmark Mini Storage | 5/13/2019 | 7/27/2018 | N | Y | |||||||||
24 | Hilton at University Place | 2/25/2019 | 2/26/2019 | N | Y | Refinance | 0 | |||||||
25 | Embassy Suites - Williamsburg | 5/2/2018 | 7/17/2018 | 6/7/2018 | N | Y | Refinance | 0 | ||||||
26 | Alma Park Shopping Center | Tao Gardens | 3,500 | 5.1% | 5/31/2024 | 4/15/2019 | 4/15/2019 | N | Y | Refinance | 0 | |||
27 | Holiday Inn Express - Orem | 4/18/2019 | 4/22/2019 | 4/12/2019 | 8.0% | N | Y | Refinance | 0 | |||||
28 | Courtyard by Marriott Beaumont | 10/3/2018 | 10/2/2018 | N | Y | Refinance | 0 | |||||||
29 | Frederick Avenue Shopping Center | Red Chili Café | 1,550 | 5.1% | 3/30/2030 | 5/7/2019 | 4/18/2019 | N | Y | Refinance | 15,906 | |||
30 | Coventry Commons | Amber’s Hallmark | 4,200 | 3.8% | 1/31/2021 | 3/12/2019 | 3/13/2019 | N | Y | Refinance | 0 | |||
31 | Asbury Commons | Book Store/Coffee Shop | 1,080 | 2.0% | 3/30/2021 | 3/26/2019 | 3/26/2019 | N | Y | Acquisition | 0 | |||
32 | Hampton Inn - Milan | 4/22/2019 | 4/22/2019 | N | Y | Refinance | 0 | |||||||
33 | Cedar Run Corporate Center | Delta Risk LLC | 4,677 | 7.9% | 10/31/2021 | 4/2/2019 | 4/2/2019 | N | Y | Refinance | 129,824 | |||
34 | Holiday Inn Express Wilkes Barre East | 3/20/2019 | 3/21/2019 | N | Y | Acquisition | 0 | |||||||
35 | CLC Self Storage - Redford | 10/24/2018 | 10/26/2018 | N | Y | Acquisition | 0 | |||||||
36 | Dick’s Sporting Goods - Wausau | 2/13/2019 | 2/13/2019 | N | Y | Acquisition | 0 | |||||||
37 | All American Storage Bloomington South | 4/29/2019 | 4/29/2019 | N | Y | Refinance | 1,250 |
A-1-17
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 5th Largest Tenant Name(9)(12) | 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 | Engineering Escrow / Deferred Maintenance ($) |
38 | Firewheel Corners Shopping Center | Achieve Physical Therapy | 1,907 | 8.6% | 9/30/2021 | 4/18/2019 | 4/19/2019 | N | Y | Refinance | 0 | |||
39 | Lakeland MHP | 6/29/2018 | 6/29/2018 | 6/29/2018 | 18.0% | N | Y | Refinance | 20,625 | |||||
40 | All American Storage East | 4/29/2019 | 4/29/2019 | N | Y | Refinance | 1,250 | |||||||
41 | Wolverine Portfolio | 12/5/2018 | Various | N | Y | Refinance | 284,203 | |||||||
41.01 | Apple Tree Estates | 12/5/2018 | 12/3/2018 | N | Y | |||||||||
41.02 | South Lyon | 12/5/2018 | 12/4/2018 | N | Y | |||||||||
41.03 | Metro Commons | 12/5/2018 | 12/5/2018 | N | Y | |||||||||
41.04 | Brighton Village | 12/5/2018 | 12/5/2018 | N | Y | |||||||||
41.05 | College Heights | 12/5/2018 | 12/5/2018 | N | Y | |||||||||
41.06 | Hillcrest | 12/5/2018 | 12/3/2018 | N | Y | |||||||||
41.07 | Royal Village | 12/5/2018 | 12/4/2018 | N | Y | |||||||||
41.08 | Fernwood | 12/5/2018 | 12/4/2018 | N | Y | |||||||||
41.09 | Satellite Bay | 12/5/2018 | 12/3/2018 | N | Y | |||||||||
41.10 | Chalet Village | 12/5/2018 | 12/3/2018 | N | Y | |||||||||
42 | Gala Bend Apartments | 4/29/2019 | 4/29/2019 | N | Y | Refinance | 0 | |||||||
43 | Palms at Dover | 3/18/2019 | 3/18/2019 | N | Y | Refinance | 1,750 | |||||||
44 | 3699 Hamner Ave Retail Center | Nail Salon | 1,320 | 10.3% | 1/31/2021 | 2/7/2019 | 2/7/2019 | 11.0% | N | Y | Refinance | 0 | ||
45 | Depot Self Storage | 4/3/2019 | 4/2/2019 | N | Y | Acquisition | 0 | |||||||
46 | Walgreens - Richardson, TX | 4/3/2019 | 4/5/2019 | N | Y | Acquisition | 0 | |||||||
47 | Concourse Office Center | CreateMyTee, LLC | 1,784 | 6.0% | 11/30/2020 | 4/17/2019 | 4/17/2019 | N | Y | Refinance | 0 | |||
48 | Apache West MHP | 1/24/2019 | 10/16/2018 | N | Y | Refinance | 7,500 | |||||||
49 | Elmira Shopping Center | Barberville | 965 | 7.3% | 1/31/2023 | 5/2/2019 | 5/1/2019 | 4/30/2019 | 5.0% | N | Y | Acquisition | 26,550 | |
50 | Stuff N’ Storage | 5/9/2019 | 5/9/2019 | 5/9/2019 | 9.0% | N | Y | Refinance | 0 | |||||
51 | Quality Inn and Suites - Portsmouth | 3/14/2019 | 3/13/2019 | N | Y | Refinance | 35,938 | |||||||
52 | Cool Storage | 4/3/2019 | 4/3/2019 | N | Y | Acquisition | 13,000 | |||||||
53 | Sunshine Self Storage | 1/22/2019 | 1/22/2019 | N | Y | Refinance | 57,813 | |||||||
54 | Rolling Oaks MHP | 12/20/2018 | 12/20/2018 | N | Y | Refinance | 28,750 |
A-1-18
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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 ($) | Monthly Replacement Reserve ($)(14) | Replacement Reserve Cap ($) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($)(14) |
1 | Nova Place | 459,339 | 153,115 | Cash | 0 | Springing | 0 | 23,807 | 857,059 | Cash | 0 | 76,183 | ||||
2 | 188 Spear Street | 0 | Springing | 0 | Springing | 0 | Springing | 87,468 | 0 | Springing | ||||||
3 | 450-460 Park Avenue South | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | ||||||
4 | El Con Center | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | ||||||
5 | Shetland Park | 255,812 | 81,210 | Cash | 80,533 | 38,349 | Cash | 2,200,000 | 14,891 | 0 | Cash | 800,000 | 59,095 | |||
6 | ExchangeRight Net Leased Portfolio #27 | 54,404 | 7,772 | Cash | 8,776 | 2,925 | Cash | 356,261 | 1,508 | 0 | Cash | 500,000 | Springing | |||
6.01 | Hy-Vee - Cottage Grove, MN | |||||||||||||||
6.02 | BioLife Plasma Services - Savannah, GA | |||||||||||||||
6.03 | Pick n Save - Muskego, WI | |||||||||||||||
6.04 | Walgreens - Lubbock, TX | |||||||||||||||
6.05 | Walgreens - Houma, LA | |||||||||||||||
6.06 | Walgreens - Greendale, WI | |||||||||||||||
6.07 | Walgreens - Edmond, OK | |||||||||||||||
6.08 | Tractor Supply - Duncansville, PA | |||||||||||||||
6.09 | Walgreens - Dayton, OH | |||||||||||||||
6.10 | Walgreens - Augusta, GA | |||||||||||||||
6.11 | Advance Auto Parts - Houston, TX | |||||||||||||||
6.12 | O’Reilly - South Houston, TX | |||||||||||||||
6.13 | O’Reilly - Knoxville, TN | |||||||||||||||
6.14 | Dollar General - South Point, OH | |||||||||||||||
6.15 | Dollar General - Slidell, LA | |||||||||||||||
6.16 | Dollar General - Houma, LA | |||||||||||||||
6.17 | Dollar Tree - Kaukauna, WI | |||||||||||||||
6.18 | Dollar General - Mansfield, OH | |||||||||||||||
7 | Royal Caribbean - Miramar | 0 | Springing | 15,582 | 9,739 | Cash | 0 | 2,142 | 0 | Cash | 0 | Springing | ||||
8 | TOPS Self Storage | 20,041 | 6,362 | Cash | 30,715 | 2,925 | Cash | 0 | 1,247 | 0 | Cash | 0 | 0 | |||
9 | Center North | 0 | 11,697 | Cash | 0 | Springing | 0 | 4,755 | 0 | Cash | 0 | 1,198 | ||||
10 | The Chantilly Office Portfolio | 0 | Springing | 0 | Springing | 0 | Springing | 257,476 | 0 | Springing | ||||||
10.01 | Stoneleigh I | |||||||||||||||
10.02 | Stoneleigh II | |||||||||||||||
10.03 | Glenview II | |||||||||||||||
10.04 | Glenview I | |||||||||||||||
10.05 | Glenbrook III | |||||||||||||||
11 | CIRE Equity Retail & Industrial Portfolio | 323,078 | 161,539 | Cash | 0 | Springing | 301,104 | 20,994 | 0 | Cash | 589,027 | 87,423 | ||||
11.01 | Wood Village Town Center | |||||||||||||||
11.02 | Pecan Promenade | |||||||||||||||
11.03 | Valley Plaza | |||||||||||||||
11.04 | Pear Tree | |||||||||||||||
11.05 | Glendale Market Square | |||||||||||||||
11.06 | Central Park Shopping Center | |||||||||||||||
11.07 | Val Vista Towne Center | |||||||||||||||
11.08 | 2641 Hall Ave - Riverside, CA | |||||||||||||||
11.09 | 606 W Troy - Indianapolis, IN | |||||||||||||||
11.10 | Homeland - Bartow, FL | |||||||||||||||
11.11 | 2621 Hall Ave - Riverside, CA | |||||||||||||||
12 | 155 Tice Boulevard | 170,813 | 36,233 | Cash | 0 | 1,645 | Cash | 0 | 4,262 | 0 | Cash | 0 | 14,762 | |||
13 | Grand Plaza Commercial | 71,746 | 14,349 | Cash | 0 | Springing | 0 | 892 | 42,792 | Cash | 0 | 3,863 | ||||
14 | Patuxent Crossing | 263,178 | 37,597 | Cash | 3,738 | 3,738 | Cash | 0 | 5,364 | 0 | Cash | 950,000 | 24,561 | |||
15 | 3636 North Central Avenue | 183,423 | 45,856 | Cash | 12,938 | 3,235 | Cash | 0 | 3,635 | 0 | Cash | 2,000,000 | Springing | |||
16 | Rittenhouse Square | 48,969 | 16,323 | Cash | 2,115 | 1,057 | Cash | 36,250 | Springing | 36,250 | Cash | 0 | 0 | |||
17 | CVS El Monte and Ontario | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | ||||||
17.01 | CVS Ontario | |||||||||||||||
17.02 | CVS El Monte | |||||||||||||||
18 | CVS Compton | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | ||||||
19 | Crossroads Shopping Center - Madera | 24,450 | 12,225 | Cash | 1,825 | 1,825 | Cash | 0 | 1,197; Springing | 28,728 | Cash | 0 | 3,990; Springing | |||
20 | Cross Creek Shopping Center | 114,400 | 28,600 | Cash | 4,907 | 2,453 | Cash | 76,547 | 2,122 | 76,393 | Cash | 0 | 5,900 | |||
21 | University Square Shopping Center | 211,963 | 33,645 | Cash | 9,340 | 4,448 | Cash | 150,000 | 2,222 | 250,000 | Cash | 299,000 | 4,443 | |||
22 | El Paso Self Storage Portfolio | 71,281 | 23,760 | Cash | 3,492 | 3,492 | Cash | 2,052 | 2,052 | 0 | Cash | 0 | 0 | |||
22.01 | Extra Space Self Storage - Resler | |||||||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | |||||||||||||||
22.03 | Extra Space Self Storage - Dyer | |||||||||||||||
23 | Johnson Storage Portfolio | 97,940 | 16,323 | Cash | 10,788 | 5,394 | Cash | 4,567 | 4,567 | 0 | Cash | 0 | 0 | |||
23.01 | Superior Self Storage | |||||||||||||||
23.02 | Barksdale Self Storage | |||||||||||||||
23.03 | Action Self Storage | |||||||||||||||
23.04 | Owosso Mini Storage | |||||||||||||||
23.05 | A&A Self Storage | |||||||||||||||
23.06 | North Main Self Storage | |||||||||||||||
23.07 | Industrial Park Mini Storage | |||||||||||||||
23.08 | Euclid Self Storage | |||||||||||||||
23.09 | Hallmark Mini Storage | |||||||||||||||
24 | Hilton at University Place | 204,583 | 40,917 | Cash | 0 | Springing | 0 | 61,624 | 0 | Cash | 0 | 0 | ||||
25 | Embassy Suites - Williamsburg | 8,365 | 6,198 | Cash | 43,844 | 3,373 | Cash | 173,763 | 15,752 | 0 | Cash | 0 | 0 | |||
26 | Alma Park Shopping Center | 15,780 | 7,890; Springing | Cash | 0 | Springing | 0 | 2,118 | 0 | Cash | 150,000 | 5,723 | ||||
27 | Holiday Inn Express - Orem | 40,705 | 5,815 | Cash | 2,798 | 1,399 | Cash | 0 | 8,876 | 0 | Cash | 0 | 0 | |||
28 | Courtyard by Marriott Beaumont | 69,741 | 16,545 | Cash | 41,959 | 5,950 | Cash | 51,476 | 8,482 | 0 | Cash | 0 | 0 | |||
29 | Frederick Avenue Shopping Center | 72,290 | 8,606 | Cash | 2,562 | 1,220 | Cash | 0 | 380 | 13,689 | Cash | 0 | 1,775 | |||
30 | Coventry Commons | 94,655 | 14,342 | Cash | 0 | Springing | 0 | 3,643 | 0 | Cash | 190,000 | 3,252 | ||||
31 | Asbury Commons | 78,018 | 9,072 | Cash | 7,674 | 2,132 | Cash | 0 | 921 | 0 | Cash | 0 | 2,303 | |||
32 | Hampton Inn - Milan | 0 | 4,958 | Cash | 16,412 | 1,861 | Cash | 0 | 4,532 | 0 | Cash | 0 | 0 | |||
33 | Cedar Run Corporate Center | 73,978 | 7,046 | Cash | 6,649 | 1,583 | Cash | 100,000 | 984 | 0 | Cash | 230,000 | 4,920 | |||
34 | Holiday Inn Express Wilkes Barre East | 32,233 | 10,233 | Cash | 5,440 | 2,590 | Cash | 0 | 8,882 | 500,000 | Cash | 0 | 0 | |||
35 | CLC Self Storage - Redford | 5,797 | 5,797 | Cash | 0 | Springing | 166,000 | 655 | 0 | Cash | 0 | 0 | ||||
36 | Dick’s Sporting Goods - Wausau | 0 | Springing | 2,345 | 902 | Cash | 0 | 563 | 13,500 | Cash | 0 | 4,688 | ||||
37 | All American Storage Bloomington South | 7,427 | 3,713 | Cash | 3,786 | 316 | Cash | 688 | 688 | 0 | Cash | 0 | 0 |
A-1-19
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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 ($)(14) | Replacement Reserve Cap ($) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($)(14) |
38 | Firewheel Corners Shopping Center | 69,087 | 10,966 | Cash | 1,007 | 480 | Cash | 0 | 277 | 9,956 | Cash | 89,000 | 1,291 | |||
39 | Lakeland MHP | 14,522 | 2,958 | Cash | 9,856 | 600 | Cash | 3,128 | 446 | 0 | Cash | 0 | 0 | |||
40 | All American Storage East | 4,735 | 2,368 | Cash | 3,469 | 289 | Cash | 635 | 635 | 0 | Cash | 0 | 0 | |||
41 | Wolverine Portfolio | 137,321 | 45,774 | Cash | 0 | Springing | 0 | 6,871 | 0 | Cash | 0 | 0 | ||||
41.01 | Apple Tree Estates | |||||||||||||||
41.02 | South Lyon | |||||||||||||||
41.03 | Metro Commons | |||||||||||||||
41.04 | Brighton Village | |||||||||||||||
41.05 | College Heights | |||||||||||||||
41.06 | Hillcrest | |||||||||||||||
41.07 | Royal Village | |||||||||||||||
41.08 | Fernwood | |||||||||||||||
41.09 | Satellite Bay | |||||||||||||||
41.10 | Chalet Village | |||||||||||||||
42 | Gala Bend Apartments | 46,772 | 9,354 | Cash | 1,125 | 1,125 | Cash | 0 | 1,000 | 36,000 | Cash | 0 | 0 | |||
43 | Palms at Dover | 16,573 | 4,143 | Cash | 1,371 | 1,371 | Cash | 529 | 529 | 0 | Cash | 0 | 0 | |||
44 | 3699 Hamner Ave Retail Center | 4,627 | 4,627 | Cash | 0 | Springing | 25,000 | 213; Springing | 7,674 | Cash | 15,000 | 1,225; Springing | ||||
45 | Depot Self Storage | 11,409 | 2,173 | Cash | 3,131 | 373 | Cash | 0 | 743 | 0 | Cash | 0 | 0 | |||
46 | Walgreens - Richardson, TX | 0 | Springing | 204 | 102 | Cash | 0 | Springing | 0 | 0 | Springing | |||||
47 | Concourse Office Center | 51,816 | 6,477 | Cash | 0 | Springing | 0 | 890 | 0 | Cash | 50,000 | 2,349; Springing | ||||
48 | Apache West MHP | 924 | 924 | Cash | 4,564 | 456 | Cash | 313 | 313 | 0 | Cash | 0 | 0 | |||
49 | Elmira Shopping Center | 7,556 | 3,778 | Cash | 2,655 | 1,327 | Cash | 166 | 166 | 0 | Cash | 20,000 | 1,106 | |||
50 | Stuff N’ Storage | 4,745 | 2,372 | Cash | 2,621 | 238 | Cash | 415 | 415 | 0 | Cash | 0 | 0 | |||
51 | Quality Inn and Suites - Portsmouth | 0 | 4,200 | Cash | 0 | 1,137 | Cash | 0 | 3,647 | 0 | Cash | 0 | 0 | |||
52 | Cool Storage | 5,749 | 1,825 | Cash | 13,098 | 1,247 | Cash | 30,000 | 354 | 0 | Cash | 0 | 0 | |||
53 | Sunshine Self Storage | 2,183 | 728 | Cash | 963 | 482 | Cash | 443 | 443 | 0 | Cash | 0 | 0 | |||
54 | Rolling Oaks MHP | 5,602 | 800 | Cash | 1,512 | 504 | Cash | 353 | 353 | 0 | Cash | 0 | 0 |
A-1-20
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | TI/LC Reserve Cap ($)(15) | TI/LC Escrow - Cash or LoC | TI/LC Escrow - LoC Counterparty | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Debt Service Escrow - Cash or LoC | Debt Service Escrow - LoC Counterparty | Other Escrow I Reserve Description(7)(14) | Other Escrow I (Initial) ($)(6)(7)(9)(14)(15) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty |
1 | Nova Place | 2,742,588 | Cash | 0 | 0 | Existing TI/LC Reserve | 1,587,057 | 0 | 0 | Cash | ||||
2 | 188 Spear Street | 656,007 | 0 | 0 | Outstanding TI/LC Reserve | 6,448,233 | 0 | 0 | Cash | |||||
3 | 450-460 Park Avenue South | 0 | 0 | 0 | Rent Concession Reserve | 2,438,878 | 0 | 0 | Cash | |||||
4 | El Con Center | 1,200,958 | 0 | 0 | 0 | 0 | 0 | |||||||
5 | Shetland Park | Cash | 0 | 0 | Tenant Specific TI | 526,065 | 0 | 0 | Cash | |||||
6 | ExchangeRight Net Leased Portfolio #27 | 0 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
6.01 | Hy-Vee - Cottage Grove, MN | |||||||||||||
6.02 | BioLife Plasma Services - Savannah, GA | |||||||||||||
6.03 | Pick n Save - Muskego, WI | |||||||||||||
6.04 | Walgreens - Lubbock, TX | |||||||||||||
6.05 | Walgreens - Houma, LA | |||||||||||||
6.06 | Walgreens - Greendale, WI | |||||||||||||
6.07 | Walgreens - Edmond, OK | |||||||||||||
6.08 | Tractor Supply - Duncansville, PA | |||||||||||||
6.09 | Walgreens - Dayton, OH | |||||||||||||
6.10 | Walgreens - Augusta, GA | |||||||||||||
6.11 | Advance Auto Parts - Houston, TX | |||||||||||||
6.12 | O’Reilly - South Houston, TX | |||||||||||||
6.13 | O’Reilly - Knoxville, TN | |||||||||||||
6.14 | Dollar General - South Point, OH | |||||||||||||
6.15 | Dollar General - Slidell, LA | |||||||||||||
6.16 | Dollar General - Houma, LA | |||||||||||||
6.17 | Dollar Tree - Kaukauna, WI | |||||||||||||
6.18 | Dollar General - Mansfield, OH | |||||||||||||
7 | Royal Caribbean - Miramar | 0 | 0 | 0 | Sales Tax Funds | 18,334 | 18,334 | 0 | Cash | |||||
8 | TOPS Self Storage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
9 | Center North | 0 | Cash | 0 | 0 | Conversion Work Reserve | 1,850,000 | 0 | 0 | Cash | ||||
10 | The Chantilly Office Portfolio | 0 | 0 | 0 | Rent Concession Funds | 593,341 | 0 | 0 | Cash | |||||
10.01 | Stoneleigh I | |||||||||||||
10.02 | Stoneleigh II | |||||||||||||
10.03 | Glenview II | |||||||||||||
10.04 | Glenview I | |||||||||||||
10.05 | Glenbrook III | |||||||||||||
11 | CIRE Equity Retail & Industrial Portfolio | 0 | Cash | 0 | 0 | Rent Concession Funds | 52,244 | 5,887 | 0 | Cash | ||||
11.01 | Wood Village Town Center | |||||||||||||
11.02 | Pecan Promenade | |||||||||||||
11.03 | Valley Plaza | |||||||||||||
11.04 | Pear Tree | |||||||||||||
11.05 | Glendale Market Square | |||||||||||||
11.06 | Central Park Shopping Center | |||||||||||||
11.07 | Val Vista Towne Center | |||||||||||||
11.08 | 2641 Hall Ave - Riverside, CA | |||||||||||||
11.09 | 606 W Troy - Indianapolis, IN | |||||||||||||
11.10 | Homeland - Bartow, FL | |||||||||||||
11.11 | 2621 Hall Ave - Riverside, CA | |||||||||||||
12 | 155 Tice Boulevard | 0 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
13 | Grand Plaza Commercial | 185,432 | Cash | 0 | 0 | Earnout Reserve | 1,400,000 | 0 | 0 | Cash | ||||
14 | Patuxent Crossing | 1,500,000 | Cash | 0 | 0 | REA Charges | 94,641 | 7,887 | 0 | Cash | ||||
15 | 3636 North Central Avenue | 2,000,000 | Cash | 0 | 0 | Outstanding Free/Gap Rent Reserve | 531,019 | 0 | 0 | Cash | ||||
16 | Rittenhouse Square | 0 | 0 | 0 | Gap Rent Reserve | 16,128 | 0 | 0 | Cash | |||||
17 | CVS El Monte and Ontario | 0 | 0 | 0 | Free Rent Reserve | 1,855,915 | 0 | 2,155,574 | Cash | |||||
17.01 | CVS Ontario | |||||||||||||
17.02 | CVS El Monte | |||||||||||||
18 | CVS Compton | 0 | 0 | 0 | Free Rent Reserve | 1,240,787 | 0 | 1,441,127 | Cash | |||||
19 | Crossroads Shopping Center - Madera | 191,520 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
20 | Cross Creek Shopping Center | 600,000 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
21 | University Square Shopping Center | 352,000 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
22 | El Paso Self Storage Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
22.01 | Extra Space Self Storage - Resler | |||||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | |||||||||||||
22.03 | Extra Space Self Storage - Dyer | |||||||||||||
23 | Johnson Storage Portfolio | 0 | 0 | 0 | Liquidity Reserve | 560,000 | 0 | 0 | Cash | |||||
23.01 | Superior Self Storage | |||||||||||||
23.02 | Barksdale Self Storage | |||||||||||||
23.03 | Action Self Storage | |||||||||||||
23.04 | Owosso Mini Storage | |||||||||||||
23.05 | A&A Self Storage | |||||||||||||
23.06 | North Main Self Storage | |||||||||||||
23.07 | Industrial Park Mini Storage | |||||||||||||
23.08 | Euclid Self Storage | |||||||||||||
23.09 | Hallmark Mini Storage | |||||||||||||
24 | Hilton at University Place | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
25 | Embassy Suites - Williamsburg | 0 | 0 | 0 | PIP Escrow | 176,000 | 0 | 0 | Cash | |||||
26 | Alma Park Shopping Center | 240,373 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
27 | Holiday Inn Express - Orem | 0 | 0 | 0 | Seasonality Reserve | 59,162 | Springing | 0 | Cash | |||||
28 | Courtyard by Marriott Beaumont | 0 | 0 | 0 | PIP Escrow | 92,770 | Springing | 0 | Cash | |||||
29 | Frederick Avenue Shopping Center | 22,000 | Cash | 0 | 0 | Free Rent Reserve | 44,758 | 0 | 0 | Cash | ||||
30 | Coventry Commons | 400,000 | Cash | 0 | 0 | Rent Concession Funds | 816 | 0 | 0 | Cash | ||||
31 | Asbury Commons | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
32 | Hampton Inn - Milan | 0 | 0 | 0 | PIP Funds | 0 | Springing | 0 | ||||||
33 | Cedar Run Corporate Center | 500,000 | Cash | 0 | 0 | Vistra Free Rent | 8,400 | 0 | 0 | Cash | ||||
34 | Holiday Inn Express Wilkes Barre East | 0 | 0 | 0 | PIP Reserve | 1,715,659 | 0 | 0 | Cash | |||||
35 | CLC Self Storage - Redford | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
36 | Dick’s Sporting Goods - Wausau | 140,625 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
37 | All American Storage Bloomington South | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-21
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | TI/LC Reserve Cap ($)(15) | TI/LC Escrow - Cash or LoC | TI/LC Escrow - LoC Counterparty | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Debt Service Escrow - Cash or LoC | Debt Service Escrow - LoC Counterparty | Other Escrow I Reserve Description(7)(14) | Other Escrow I (Initial) ($)(6)(7)(9)(14)(15) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty |
38 | Firewheel Corners Shopping Center | 105,000 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
39 | Lakeland MHP | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
40 | All American Storage East | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
41 | Wolverine Portfolio | 0 | 0 | 0 | Mobile Home Use Funds | 0 | Springing | 0 | ||||||
41.01 | Apple Tree Estates | |||||||||||||
41.02 | South Lyon | |||||||||||||
41.03 | Metro Commons | |||||||||||||
41.04 | Brighton Village | |||||||||||||
41.05 | College Heights | |||||||||||||
41.06 | Hillcrest | |||||||||||||
41.07 | Royal Village | |||||||||||||
41.08 | Fernwood | |||||||||||||
41.09 | Satellite Bay | |||||||||||||
41.10 | Chalet Village | |||||||||||||
42 | Gala Bend Apartments | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
43 | Palms at Dover | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
44 | 3699 Hamner Ave Retail Center | 60,000 | Cash | 0 | 0 | Specified Tenant Reserve | 0 | Springing | 0 | |||||
45 | Depot Self Storage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
46 | Walgreens - Richardson, TX | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
47 | Concourse Office Center | 100,000 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
48 | Apache West MHP | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
49 | Elmira Shopping Center | 0 | Cash | 0 | 0 | Vacant Unit Preparation Reserve | 35,000 | 0 | 0 | Cash | ||||
50 | Stuff N’ Storage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
51 | Quality Inn and Suites - Portsmouth | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
52 | Cool Storage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
53 | Sunshine Self Storage | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
54 | Rolling Oaks MHP | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-22
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Reserve Description | Other Escrow II (Initial) ($)(6)(9)(15) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) | Other Escrow II Escrow - Cash or LoC | Other Escrow II - LoC Counterparty | Holdback | Ownership Interest | Ground Lease Initial Expiration Date | Annual Ground Rent Payment | Annual Ground Rent Increases |
1 | Nova Place | Closing Date Leasing Reserve | 4,000,000 | 0 | 0 | Cash | Fee | |||||
2 | 188 Spear Street | Amazon Free Rent Reserve | 2,486,946 | 0 | 0 | Cash | Fee | |||||
3 | 450-460 Park Avenue South | Existing TI/LC Obligations Reserve | 4,509,708 | 0 | 0 | Cash | Fee | |||||
4 | El Con Center | 0 | 0 | 0 | Fee | |||||||
5 | Shetland Park | 0 | 0 | 0 | Fee | |||||||
6 | ExchangeRight Net Leased Portfolio #27 | 0 | 0 | 0 | Fee | |||||||
6.01 | Hy-Vee - Cottage Grove, MN | Fee | ||||||||||
6.02 | BioLife Plasma Services - Savannah, GA | Fee | ||||||||||
6.03 | Pick n Save - Muskego, WI | Fee | ||||||||||
6.04 | Walgreens - Lubbock, TX | Fee | ||||||||||
6.05 | Walgreens - Houma, LA | Fee | ||||||||||
6.06 | Walgreens - Greendale, WI | Fee | ||||||||||
6.07 | Walgreens - Edmond, OK | Fee | ||||||||||
6.08 | Tractor Supply - Duncansville, PA | Fee | ||||||||||
6.09 | Walgreens - Dayton, OH | Fee | ||||||||||
6.10 | Walgreens - Augusta, GA | Fee | ||||||||||
6.11 | Advance Auto Parts - Houston, TX | Fee | ||||||||||
6.12 | O’Reilly - South Houston, TX | Fee | ||||||||||
6.13 | O’Reilly - Knoxville, TN | Fee | ||||||||||
6.14 | Dollar General - South Point, OH | Fee | ||||||||||
6.15 | Dollar General - Slidell, LA | Fee | ||||||||||
6.16 | Dollar General - Houma, LA | Fee | ||||||||||
6.17 | Dollar Tree - Kaukauna, WI | Fee | ||||||||||
6.18 | Dollar General - Mansfield, OH | Fee | ||||||||||
7 | Royal Caribbean - Miramar | 0 | 0 | 0 | Fee | |||||||
8 | TOPS Self Storage | 0 | 0 | 0 | Fee | |||||||
9 | Center North | Outstanding TI/LC Reserve ($200,000); Gap Rent Reserve ($13,476) | 213,476 | 0 | 0 | Cash | Fee | |||||
10 | The Chantilly Office Portfolio | TATILC Funds | 1,481,290 | 0 | 0 | Cash | Fee | |||||
10.01 | Stoneleigh I | Fee | ||||||||||
10.02 | Stoneleigh II | Fee | ||||||||||
10.03 | Glenview II | Fee | ||||||||||
10.04 | Glenview I | Fee | ||||||||||
10.05 | Glenbrook III | Fee | ||||||||||
11 | CIRE Equity Retail & Industrial Portfolio | 0 | 0 | 0 | Fee | |||||||
11.01 | Wood Village Town Center | Fee | ||||||||||
11.02 | Pecan Promenade | Fee | ||||||||||
11.03 | Valley Plaza | Fee | ||||||||||
11.04 | Pear Tree | Fee | ||||||||||
11.05 | Glendale Market Square | Fee | ||||||||||
11.06 | Central Park Shopping Center | Fee | ||||||||||
11.07 | Val Vista Towne Center | Fee | ||||||||||
11.08 | 2641 Hall Ave - Riverside, CA | Fee | ||||||||||
11.09 | 606 W Troy - Indianapolis, IN | Fee | ||||||||||
11.10 | Homeland - Bartow, FL | Fee | ||||||||||
11.11 | 2621 Hall Ave - Riverside, CA | Fee | ||||||||||
12 | 155 Tice Boulevard | 0 | 0 | 0 | Fee | |||||||
13 | Grand Plaza Commercial | Free Rent Reserve ($374,274.75); Rent Abatement Reserve ($381,340.00); Special TI/LC Reserve ($330,362.00) | 1,085,977 | 0 | 0 | Cash | Fee | |||||
14 | Patuxent Crossing | 0 | 0 | 0 | Fee | |||||||
15 | 3636 North Central Avenue | Outstanding TI/LC Reserve | 351,033 | 0 | 0 | Cash | Fee | |||||
16 | Rittenhouse Square | 0 | 0 | 0 | Fee | |||||||
17 | CVS El Monte and Ontario | 0 | 0 | 0 | Fee | |||||||
17.01 | CVS Ontario | Fee | ||||||||||
17.02 | CVS El Monte | Fee | ||||||||||
18 | CVS Compton | 0 | 0 | 0 | Fee | |||||||
19 | Crossroads Shopping Center - Madera | 0 | 0 | 0 | Fee | |||||||
20 | Cross Creek Shopping Center | 0 | 0 | 0 | Fee | |||||||
21 | University Square Shopping Center | 0 | 0 | 0 | Fee | |||||||
22 | El Paso Self Storage Portfolio | 0 | 0 | 0 | Fee | |||||||
22.01 | Extra Space Self Storage - Resler | Fee | ||||||||||
22.02 | Extra Space Self Storage - Helen of Troy | Fee | ||||||||||
22.03 | Extra Space Self Storage - Dyer | Fee | ||||||||||
23 | Johnson Storage Portfolio | 0 | 0 | 0 | Fee | |||||||
23.01 | Superior Self Storage | Fee | ||||||||||
23.02 | Barksdale Self Storage | Fee | ||||||||||
23.03 | Action Self Storage | Fee | ||||||||||
23.04 | Owosso Mini Storage | Fee | ||||||||||
23.05 | A&A Self Storage | Fee | ||||||||||
23.06 | North Main Self Storage | Fee | ||||||||||
23.07 | Industrial Park Mini Storage | Fee | ||||||||||
23.08 | Euclid Self Storage | Fee | ||||||||||
23.09 | Hallmark Mini Storage | Fee | ||||||||||
24 | Hilton at University Place | 0 | 0 | 0 | Fee | |||||||
25 | Embassy Suites - Williamsburg | Capital Improvement Reserve | 100,000 | 0 | 0 | Cash | Fee | |||||
26 | Alma Park Shopping Center | 0 | 0 | 0 | Fee | |||||||
27 | Holiday Inn Express - Orem | 0 | 0 | 0 | Fee | |||||||
28 | Courtyard by Marriott Beaumont | 0 | 0 | 0 | Fee | |||||||
29 | Frederick Avenue Shopping Center | 0 | 0 | 0 | Fee | |||||||
30 | Coventry Commons | 0 | 0 | 0 | Fee | |||||||
31 | Asbury Commons | 0 | 0 | 0 | Fee | |||||||
32 | Hampton Inn - Milan | Seasonality Funds | 91,658 | Springing | 0 | Cash | Fee | |||||
33 | Cedar Run Corporate Center | 0 | 0 | 0 | Fee | |||||||
34 | Holiday Inn Express Wilkes Barre East | 0 | 0 | 0 | Fee | |||||||
35 | CLC Self Storage - Redford | 0 | 0 | 0 | Fee | |||||||
36 | Dick’s Sporting Goods - Wausau | 0 | 0 | 0 | Fee | |||||||
37 | All American Storage Bloomington South | 0 | 0 | 0 | Fee |
A-1-23
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Reserve Description | Other Escrow II (Initial) ($)(6)(9)(15) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) | Other Escrow II Escrow - Cash or LoC | Other Escrow II - LoC Counterparty | Holdback | Ownership Interest | Ground Lease Initial Expiration Date | Annual Ground Rent Payment | Annual Ground Rent Increases |
38 | Firewheel Corners Shopping Center | 0 | 0 | 0 | Fee | |||||||
39 | Lakeland MHP | 0 | 0 | 0 | Fee | |||||||
40 | All American Storage East | 0 | 0 | 0 | Fee | |||||||
41 | Wolverine Portfolio | 0 | 0 | 0 | Fee | |||||||
41.01 | Apple Tree Estates | Fee | ||||||||||
41.02 | South Lyon | Fee | ||||||||||
41.03 | Metro Commons | Fee | ||||||||||
41.04 | Brighton Village | Fee | ||||||||||
41.05 | College Heights | Fee | ||||||||||
41.06 | Hillcrest | Fee | ||||||||||
41.07 | Royal Village | Fee | ||||||||||
41.08 | Fernwood | Fee | ||||||||||
41.09 | Satellite Bay | Fee | ||||||||||
41.10 | Chalet Village | Fee | ||||||||||
42 | Gala Bend Apartments | 0 | 0 | 0 | Fee | |||||||
43 | Palms at Dover | 0 | 0 | 0 | Fee | |||||||
44 | 3699 Hamner Ave Retail Center | 0 | 0 | 0 | Fee | |||||||
45 | Depot Self Storage | 0 | 0 | 0 | Fee | |||||||
46 | Walgreens - Richardson, TX | 0 | 0 | 0 | Fee | |||||||
47 | Concourse Office Center | 0 | 0 | 0 | Fee | |||||||
48 | Apache West MHP | 0 | 0 | 0 | Fee | |||||||
49 | Elmira Shopping Center | 0 | 0 | 0 | Fee | |||||||
50 | Stuff N’ Storage | 0 | 0 | 0 | Fee | |||||||
51 | Quality Inn and Suites - Portsmouth | 0 | 0 | 0 | Fee | |||||||
52 | Cool Storage | 0 | 0 | 0 | Fee | |||||||
53 | Sunshine Self Storage | 0 | 0 | 0 | Fee | |||||||
54 | Rolling Oaks MHP | 0 | 0 | 0 | Fee |
A-1-24
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | Subordinate Secured Debt Cut-off Date Balance ($) | 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 |
1 | Nova Place | Hard/Springing Cash Management | ||||||||
2 | 188 Spear Street | Hard/Springing Cash Management | ||||||||
3 | 450-460 Park Avenue South | Hard/Springing Cash Management | ||||||||
4 | El Con Center | Springing | ||||||||
5 | Shetland Park | Springing | ||||||||
6 | ExchangeRight Net Leased Portfolio #27 | Hard/Springing Cash Management | ||||||||
6.01 | Hy-Vee - Cottage Grove, MN | |||||||||
6.02 | BioLife Plasma Services - Savannah, GA | |||||||||
6.03 | Pick n Save - Muskego, WI | |||||||||
6.04 | Walgreens - Lubbock, TX | |||||||||
6.05 | Walgreens - Houma, LA | |||||||||
6.06 | Walgreens - Greendale, WI | |||||||||
6.07 | Walgreens - Edmond, OK | |||||||||
6.08 | Tractor Supply - Duncansville, PA | |||||||||
6.09 | Walgreens - Dayton, OH | |||||||||
6.10 | Walgreens - Augusta, GA | |||||||||
6.11 | Advance Auto Parts - Houston, TX | |||||||||
6.12 | O’Reilly - South Houston, TX | |||||||||
6.13 | O’Reilly - Knoxville, TN | |||||||||
6.14 | Dollar General - South Point, OH | |||||||||
6.15 | Dollar General - Slidell, LA | |||||||||
6.16 | Dollar General - Houma, LA | |||||||||
6.17 | Dollar Tree - Kaukauna, WI | |||||||||
6.18 | Dollar General - Mansfield, OH | |||||||||
7 | Royal Caribbean - Miramar | Hard/Springing Cash Management | ||||||||
8 | TOPS Self Storage | Springing | ||||||||
9 | Center North | Springing | ||||||||
10 | The Chantilly Office Portfolio | Hard/Springing Cash Management | ||||||||
10.01 | Stoneleigh I | |||||||||
10.02 | Stoneleigh II | |||||||||
10.03 | Glenview II | |||||||||
10.04 | Glenview I | |||||||||
10.05 | Glenbrook III | |||||||||
11 | CIRE Equity Retail & Industrial Portfolio | Hard/Springing Cash Management | ||||||||
11.01 | Wood Village Town Center | |||||||||
11.02 | Pecan Promenade | |||||||||
11.03 | Valley Plaza | |||||||||
11.04 | Pear Tree | |||||||||
11.05 | Glendale Market Square | |||||||||
11.06 | Central Park Shopping Center | |||||||||
11.07 | Val Vista Towne Center | |||||||||
11.08 | 2641 Hall Ave - Riverside, CA | |||||||||
11.09 | 606 W Troy - Indianapolis, IN | |||||||||
11.10 | Homeland - Bartow, FL | |||||||||
11.11 | 2621 Hall Ave - Riverside, CA | |||||||||
12 | 155 Tice Boulevard | Hard/Springing Cash Management | ||||||||
13 | Grand Plaza Commercial | Springing | ||||||||
14 | Patuxent Crossing | Hard/Springing Cash Management | ||||||||
15 | 3636 North Central Avenue | Hard/Springing Cash Management | ||||||||
16 | Rittenhouse Square | Springing | ||||||||
17 | CVS El Monte and Ontario | Springing | ||||||||
17.01 | CVS Ontario | |||||||||
17.02 | CVS El Monte | |||||||||
18 | CVS Compton | Springing | ||||||||
19 | Crossroads Shopping Center - Madera | Springing | ||||||||
20 | Cross Creek Shopping Center | Hard/Springing Cash Management | ||||||||
21 | University Square Shopping Center | Springing | ||||||||
22 | El Paso Self Storage Portfolio | Springing | ||||||||
22.01 | Extra Space Self Storage - Resler | |||||||||
22.02 | Extra Space Self Storage - Helen of Troy | |||||||||
22.03 | Extra Space Self Storage - Dyer | |||||||||
23 | Johnson Storage Portfolio | Springing | ||||||||
23.01 | Superior Self Storage | |||||||||
23.02 | Barksdale Self Storage | |||||||||
23.03 | Action Self Storage | |||||||||
23.04 | Owosso Mini Storage | |||||||||
23.05 | A&A Self Storage | |||||||||
23.06 | North Main Self Storage | |||||||||
23.07 | Industrial Park Mini Storage | |||||||||
23.08 | Euclid Self Storage | |||||||||
23.09 | Hallmark Mini Storage | |||||||||
24 | Hilton at University Place | Hard/Springing Cash Management | ||||||||
25 | Embassy Suites - Williamsburg | Springing | ||||||||
26 | Alma Park Shopping Center | Springing | ||||||||
27 | Holiday Inn Express - Orem | Soft/Springing Cash Management | ||||||||
28 | Courtyard by Marriott Beaumont | Hard/Springing Cash Management | ||||||||
29 | Frederick Avenue Shopping Center | Springing | ||||||||
30 | Coventry Commons | Springing | ||||||||
31 | Asbury Commons | Hard/Springing Cash Management | ||||||||
32 | Hampton Inn - Milan | Hard/Springing Cash Management | ||||||||
33 | Cedar Run Corporate Center | Springing | ||||||||
34 | Holiday Inn Express Wilkes Barre East | Springing | ||||||||
35 | CLC Self Storage - Redford | None | ||||||||
36 | Dick’s Sporting Goods - Wausau | Hard/Springing Cash Management | ||||||||
37 | All American Storage Bloomington South | Springing |
A-1-25
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | Subordinate Secured Debt Cut-off Date Balance ($) | 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 |
38 | Firewheel Corners Shopping Center | Springing | ||||||||
39 | Lakeland MHP | Springing | ||||||||
40 | All American Storage East | Springing | ||||||||
41 | Wolverine Portfolio | Springing | ||||||||
41.01 | Apple Tree Estates | |||||||||
41.02 | South Lyon | |||||||||
41.03 | Metro Commons | |||||||||
41.04 | Brighton Village | |||||||||
41.05 | College Heights | |||||||||
41.06 | Hillcrest | |||||||||
41.07 | Royal Village | |||||||||
41.08 | Fernwood | |||||||||
41.09 | Satellite Bay | |||||||||
41.10 | Chalet Village | |||||||||
42 | Gala Bend Apartments | Springing | ||||||||
43 | Palms at Dover | Springing | ||||||||
44 | 3699 Hamner Ave Retail Center | Springing | ||||||||
45 | Depot Self Storage | Springing | ||||||||
46 | Walgreens - Richardson, TX | Springing | ||||||||
47 | Concourse Office Center | None | ||||||||
48 | Apache West MHP | Springing | ||||||||
49 | Elmira Shopping Center | Springing | ||||||||
50 | Stuff N’ Storage | Springing | ||||||||
51 | Quality Inn and Suites - Portsmouth | Springing | ||||||||
52 | Cool Storage | Springing | ||||||||
53 | Sunshine Self Storage | Springing | ||||||||
54 | Rolling Oaks MHP | Springing |
A-1-26
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) | Sponsor(13) | Affiliated Sponsors | Mortgage Loan Number |
1 | Nova Place | Jeremy Leventhal; Alexander Leventhal; Elliot Gould | 1 | |||
2 | 188 Spear Street | Shorenstein Company LLC | 2 | |||
3 | 450-460 Park Avenue South | Joseph Moinian; Jacob Orfali; David Adelipour | 3 | |||
4 | El Con Center | E. Stanley Kroenke | 4 | |||
5 | Shetland Park | Robert Moser | Y - Group 1 | 5 | ||
6 | ExchangeRight Net Leased Portfolio #27 | ExchangeRight Real Estate, LLC | 6 | |||
6.01 | Hy-Vee - Cottage Grove, MN | 6.01 | ||||
6.02 | BioLife Plasma Services - Savannah, GA | 6.02 | ||||
6.03 | Pick n Save - Muskego, WI | 6.03 | ||||
6.04 | Walgreens - Lubbock, TX | 6.04 | ||||
6.05 | Walgreens - Houma, LA | 6.05 | ||||
6.06 | Walgreens - Greendale, WI | 6.06 | ||||
6.07 | Walgreens - Edmond, OK | 6.07 | ||||
6.08 | Tractor Supply - Duncansville, PA | 6.08 | ||||
6.09 | Walgreens - Dayton, OH | 6.09 | ||||
6.10 | Walgreens - Augusta, GA | 6.10 | ||||
6.11 | Advance Auto Parts - Houston, TX | 6.11 | ||||
6.12 | O’Reilly - South Houston, TX | 6.12 | ||||
6.13 | O’Reilly - Knoxville, TN | 6.13 | ||||
6.14 | Dollar General - South Point, OH | 6.14 | ||||
6.15 | Dollar General - Slidell, LA | 6.15 | ||||
6.16 | Dollar General - Houma, LA | 6.16 | ||||
6.17 | Dollar Tree - Kaukauna, WI | 6.17 | ||||
6.18 | Dollar General - Mansfield, OH | 6.18 | ||||
7 | Royal Caribbean - Miramar | SD US Holdings LLC | 7 | |||
8 | TOPS Self Storage | Raubi Sundher; Kabir Singh Sundher | 8 | |||
9 | Center North | Bradley T. Kowit; Gregg Levy | 9 | |||
10 | The Chantilly Office Portfolio | RMR Office Property Fund LP | 10 | |||
10.01 | Stoneleigh I | 10.01 | ||||
10.02 | Stoneleigh II | 10.02 | ||||
10.03 | Glenview II | 10.03 | ||||
10.04 | Glenview I | 10.04 | ||||
10.05 | Glenbrook III | 10.05 | ||||
11 | CIRE Equity Retail & Industrial Portfolio | Josh Volen; Trevor Smith; CIRE OPCO I, LLC | 11 | |||
11.01 | Wood Village Town Center | 11.01 | ||||
11.02 | Pecan Promenade | 11.02 | ||||
11.03 | Valley Plaza | 11.03 | ||||
11.04 | Pear Tree | 11.04 | ||||
11.05 | Glendale Market Square | 11.05 | ||||
11.06 | Central Park Shopping Center | 11.06 | ||||
11.07 | Val Vista Towne Center | 11.07 | ||||
11.08 | 2641 Hall Ave - Riverside, CA | 11.08 | ||||
11.09 | 606 W Troy - Indianapolis, IN | 11.09 | ||||
11.10 | Homeland - Bartow, FL | 11.10 | ||||
11.11 | 2621 Hall Ave - Riverside, CA | 11.11 | ||||
12 | 155 Tice Boulevard | Ferdinand Nachman Brach | 12 | |||
13 | Grand Plaza Commercial | David Mi | 13 | |||
14 | Patuxent Crossing | David Ridini; Matthew Snyder | 14 | |||
15 | 3636 North Central Avenue | John Michael Heckethorn; Heckethorn Funds, LLC | 15 | |||
16 | Rittenhouse Square | Christian S. Dalzell; Mukang Cho | 16 | |||
17 | CVS El Monte and Ontario | Ann Koshy | Y - Group 3 | 17 | ||
17.01 | CVS Ontario | Y - Group 3 | 17.01 | |||
17.02 | CVS El Monte | Y - Group 3 | 17.02 | |||
18 | CVS Compton | Ann Koshy | Y - Group 3 | 18 | ||
19 | Crossroads Shopping Center - Madera | David Lucas; Devin Dierenfield; Devin Dierenfield Living Trust; Linda Barrett; Linda Barrett Irrevocable Trust; Linda Barrett Living Trust | 19 | |||
20 | Cross Creek Shopping Center | Avram Weissman; David Weissman; Jeffrey Weissman | 20 | |||
21 | University Square Shopping Center | Kevin Glazer | Y - Group 2 | 21 | ||
22 | El Paso Self Storage Portfolio | Alexander Moseley; Peter Moseley; Michael Addison; Susan Addison | 22 | |||
22.01 | Extra Space Self Storage - Resler | 22.01 | ||||
22.02 | Extra Space Self Storage - Helen of Troy | 22.02 | ||||
22.03 | Extra Space Self Storage - Dyer | 22.03 | ||||
23 | Johnson Storage Portfolio | Alphonso Johnson, Jr | 23 | |||
23.01 | Superior Self Storage | 23.01 | ||||
23.02 | Barksdale Self Storage | 23.02 | ||||
23.03 | Action Self Storage | 23.03 | ||||
23.04 | Owosso Mini Storage | 23.04 | ||||
23.05 | A&A Self Storage | 23.05 | ||||
23.06 | North Main Self Storage | 23.06 | ||||
23.07 | Industrial Park Mini Storage | 23.07 | ||||
23.08 | Euclid Self Storage | 23.08 | ||||
23.09 | Hallmark Mini Storage | 23.09 | ||||
24 | Hilton at University Place | Kenneth K. Kochenour | 24 | |||
25 | Embassy Suites - Williamsburg | Naveen Shah | 25 | |||
26 | Alma Park Shopping Center | Craig F. Eisenberg | 26 | |||
27 | Holiday Inn Express - Orem | Girish (Gary) A. Patel | 27 | |||
28 | Courtyard by Marriott Beaumont | Rajesh Suri; David Anderson | 28 | |||
29 | Frederick Avenue Shopping Center | Kevin Glazer | Y - Group 2 | 29 | ||
30 | Coventry Commons | David R. Nelson; The David Robert Nelson Trust Dated May 23, 1978 | 30 | |||
31 | Asbury Commons | Thomas J. Cannon III | 31 | |||
32 | Hampton Inn - Milan | Leonard F. Longer | 32 | |||
33 | Cedar Run Corporate Center | Mark Weisz; Steven Krausman | 33 | |||
34 | Holiday Inn Express Wilkes Barre East | Chirag Patel; Jay Patel; Dharmendra Patadia; Sehul Patel | 34 | |||
35 | CLC Self Storage - Redford | Lawrence Charles Kaplan; George W. Thacker, III; Richard Schontz | 35 | |||
36 | Dick’s Sporting Goods - Wausau | Surinder Dham; Anil Sharma; Balwinder Dhanju | 36 | |||
37 | All American Storage Bloomington South | Timothy J. Mitchell; John W. Bender | Y - Group 4 | 37 |
A-1-27
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) | Sponsor(13) | Affiliated Sponsors | Mortgage Loan Number |
38 | Firewheel Corners Shopping Center | Kevin Glazer | Y - Group 2 | 38 | ||
39 | Lakeland MHP | Bruce Davies; Molly Rebecca Thompson | 39 | |||
40 | All American Storage East | Timothy J. Mitchell; John W. Bender | Y - Group 4 | 40 | ||
41 | Wolverine Portfolio | Ross H. Partrich | 41 | |||
41.01 | Apple Tree Estates | 41.01 | ||||
41.02 | South Lyon | 41.02 | ||||
41.03 | Metro Commons | 41.03 | ||||
41.04 | Brighton Village | 41.04 | ||||
41.05 | College Heights | 41.05 | ||||
41.06 | Hillcrest | 41.06 | ||||
41.07 | Royal Village | 41.07 | ||||
41.08 | Fernwood | 41.08 | ||||
41.09 | Satellite Bay | 41.09 | ||||
41.10 | Chalet Village | 41.10 | ||||
42 | Gala Bend Apartments | Paul Hundt | 42 | |||
43 | Palms at Dover | Richard Taylor; William Haldane | 43 | |||
44 | 3699 Hamner Ave Retail Center | Richard W. Barrett; The Richard W. Barrett Revocable Trust, UDT | 44 | |||
45 | Depot Self Storage | Robert Moser | Y - Group 1 | 45 | ||
46 | Walgreens - Richardson, TX | Lorrie Finkel; Lorrie Finkel 2011 Revocable Trust | 46 | |||
47 | Concourse Office Center | Kevin Spizizen | 47 | |||
48 | Apache West MHP | Allen Yadgari; Michael Yamin | 48 | |||
49 | Elmira Shopping Center | Jagtar Singh Kahlon; Harmesh Kaur | 49 | |||
50 | Stuff N’ Storage | Carl E. Touhey | 50 | |||
51 | Quality Inn and Suites - Portsmouth | Pravin R. Patel; Ashwin S. Dakoriya | 51 | |||
52 | Cool Storage | Robert Moser | Y - Group 1 | 52 | ||
53 | Sunshine Self Storage | Terri Smith | 53 | |||
54 | Rolling Oaks MHP | William J. Cole | 54 |
A-1-28
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 and groups of cross-collateralized mortgage loans. | |
(1) | “RMF” denotes Rialto Mortgage Finance, LLC, “WFB” denotes Wells Fargo Bank, National Association, “Barclays” denotes Barclays Capital Real Estate Inc., “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York and “CIIICM” denotes C-III Commercial Mortgage LLC. |
(2) | For mortgage loan #5 (Shetland Park), the Number of Units includes 552,599 square feet of office space, 300,759 square feet of light industrial space, 91,364 square feet for tenant storage, 57,826 square feet for school use, 10,505 square feet for small business center space, and 178,244 square feet (1,994 units) for a self-storage facility. |
For mortgage loan #11 (CIRE Equity Retail & Industrial Portfolio), the Number of Units includes 1,049,075 square feet of retail space and 141,280 square feet of industrial space. | |
For mortgage loan #13 (Grand Plaza Commercial), the Number of Units includes 49,212 square feet of retail space, and 22,108 square feet of medical office space. | |
For mortgage loan #16 (Rittenhouse Square), the Number of Units consists of 29,270 square feet of multifamily space and 4,935 square feet of retail space. The retail component accounts for 43.2% of underwritten gross potential income. | |
For mortgage loan #39 (Lakeland MHP), the Number of Units includes 64 mobile home pads, 41 RV sites and two single family homes. | |
For mortgage loan #54 (Rolling Oaks MHP), the Number of Units does not include 78 self storage units (7,570 square feet). The Occupancy Rate reflects the occupancy of the 62 mobile home pads. Underwritten self storage income is 15.8% of the gross potential rent. | |
(3) | For mortgage loan #1 (Nova Place), the mortgage loan represents Note A-1 of three pari passu notes, which have a combined Cut-off Date Balance of $140,000,000. Notes A-2 and A-3 are 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, A-2 and A-3 in the aggregate (the “Nova Place Whole Loan”). Note A-1 represents the controlling interest in the Nova Place Whole Loan. |
For mortgage loan #2 (188 Spear Street), the mortgage loan represents Note A-1, one of three pari passu notes, which have a combined Cut-off Date Balance of $125,000,000. Notes A-2 and A-3 are 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, A-2 and A-3 in the aggregate (the “188 Spear Street Whole Loan”). Note A-2 represents a controlling interest in the 188 Spear Street Whole Loan. | |
For mortgage loan #3 (450-460 Park Avenue South), the mortgage loan represents Note A-1 of two pari passu notes, which have a combined Cut-off Date Balance of $75,000,000. 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 “450-460 Park Avenue South Whole Loan”). Note A-1 represents the controlling interest in the 450-460 Park Avenue South Whole Loan. | |
For mortgage loan #4 (El Con Center), the mortgage loan represents Note A-1, one of two pari-passu notes, which have a combined Cut-off Date Balance of $63,000,000. 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 “El Con Center Whole Loan”). Note A-1 represents a controlling interest in the El Con Center Whole Loan. | |
For mortgage loan #5 (Shetland Park), the mortgage loan represents Note A-1, one of two pari-passu notes, which have a combined Cut-off Date Balance of $57,872,485. 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 “Shetland Park Whole Loan”). Note A-1 represents a controlling interest in the Shetland Park Whole Loan. | |
For mortgage loan #6 (ExchangeRight Net Leased Portfolio #27), the mortgage loan represents Note A-1, one of two pari passu notes, which have a combined Cut-off Date Balance of $51,050,000. 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 “ExchangeRight Net Leased Portfolio #27 Whole Loan”). Note A-1 represents a controlling interest in the ExchangeRight Net Leased Portfolio #27 Whole Loan. | |
For mortgage loan #10 (The Chantilly Office Portfolio), the mortgage loan represents Note A-1 of a whole loan evidenced by three pari passu loans, which have a combined Cut-off Date Balance of $46,350,000. Notes A-2 and A-3 |
A-1-29
are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure presented are based on Note A-1, A-2 and A-3 in the aggregate (“The Chantilly Office Portfolio Whole Loan”). Note A-1 represents a non-controlling interest in The Chantilly Office Portfolio Whole Loan. | |
For mortgage loan #11 (CIRE Equity Retail & Industrial Portfolio), the mortgage loan represents Note A-4 of a whole loan evidenced by six pari passu loans, which have a combined Cut-off Date Balance of $128,600,000. Notes A-1, A-2, A-3, A-5 and A-6 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure presented are based on Note A-1, A-2, A-3, A-4, A-5 and A-6 in the aggregate (“CIRE Equity Retail & Industrial Portfolio Whole Loan”). Note A-4 represents a non-controlling interest in the CIRE Equity Retail & Industrial Portfolio Whole Loan. | |
For mortgage loan #14 (Patuxent Crossing), the mortgage loan represents Note A-2, one of two pari passu notes, which have a combined Cut-off Date Balance of $36,575,000. Note A-1 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 ” Patuxent Crossing Whole Loan”). Note A-1 represents a controlling interest in the Patuxent Crossing Whole Loan. | |
For mortgage loan #24 (Hilton at University Place), the mortgage loan represents Note A-2, one of two pari passu notes, which have a combined Cut-off Date Balance of $45,843,073. Note A-1 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 “Hilton at University Place Whole Loan”). Note A-1 represents a controlling interest in the Hilton at University Place Whole Loan. | |
For mortgage loan #41 (Wolverine Portfolio), the mortgage loan represents Notes A-9 and A-10 of a whole loan evidenced by 10 pari passu notes, which have a combined Cut-off Date Balance of $59,000,000. Notes A-1, A-2, A-3, A-4, A-5, A-6, A-7 and A-8 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance per Unit of Measure presented are based on Notes A-1, A-2, A-3, A-4, A-5, A-6, A-7, A-8, A-9 and A-10 in the aggregate (“Wolverine Portfolio Whole Loan”). Notes A-9 and A-10 represent non-controlling interests in the Wolverine Portfolio Whole Loan. | |
(4) | For mortgage loan #1 (Nova Place), the loan documents allow for a partial release, subject to yield maintenance, at any time throughout the loan term. |
(5) | For mortgage loan #24 (Hilton at University Place), the Grace Period Default (Days) is two business days provided that the grace period is used no more than once in a twelve-month period. |
(6) | For mortgage loan #11 (CIRE Equity Retail & Industrial Portfolio), the Appraised Value with respect to the whole loan is based on the “As-Portfolio” appraised value of $198,100,000 as of May 3, 2019, which reflects an approximate 5.0% premium attributed to the aggregate sum of the “As-Is” appraised values, as applicable, for each of the mortgaged properties on an individual basis. On a stand-alone basis, the mortgaged properties have an aggregate “As-Is” appraised value of $188,710,000. The Cut-off Date LTV Ratio and the LTV Ratio at Maturity based on the whole loan and the aggregate stand-alone “As-Is” appraised value of $188,710,000 are 68.1% and 68.1%, respectively. |
For mortgage loan #13 (Grand Plaza Commercial), the Appraised Value is based on the “As-Stabilized” appraised value of $29,700,000, which assumes that the tenant improvements of EOS Fitness and 7-Eleven will be completed and the two tenants will be in occupancy and paying rents. At loan origination, the borrower deposited $339,933.75 for an EOS Fitness free rent reserve and $34,341 for a 7-Eleven free rent reserve. At loan origination, the borrower deposited $305,862 for EOS Fitness tenant improvements and $24,500 for 7-Eleven tenant improvements. The “As-Is” appraised value for the Grand Plaza Commercial mortgaged property is $27,700,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $27,700,000 “As-Is” appraised value are 65.0% and 65.0%, respectively. | |
For mortgage loan #14 (Patuxent Crossing), the appraisal includes an extraordinary assumption that $950,000 will be escrowed to fund future tenant improvements and leasing commissions. At loan closing, $950,000 was deposited into a reserve fund for future tenant improvements and leasing commissions. | |
For mortgage loan #15 (3636 North Central Avenue), the appraisal includes an extraordinary assumption that $2,000,000 will be escrowed to fund future tenant improvements and leasing commissions. At loan closing, $2,000,000 was deposited into a reserve fund for the future tenant improvements and leasing commissions. | |
For mortgage loan #24 (Hilton at University Place), the borrower is currently contesting a real estate tax assessment by Mecklenburg County. The appraisal includes an extraordinary assumption that the Mecklenburg County Assessor’s Office will reduce the 2019 tax rate by approximately 35%. | |
For mortgage loan #52 (Cool Storage), the Appraised Value is based on the “As-Complete” appraised value of $3,400,000, which assumes that three restrooms at the mortgaged property will be converted into 5x10 storage units for a total of 171 climate-controlled units (14,843 square feet), which is expected to be completed within a year from origination date. The “As-Is” appraised value for the Cool Storage mortgaged property is $3,390,000. The Cut-off Date |
A-1-30
LTV Ratio and LTV Ratio at Maturity or ARD based on the $3,390,000 “As-Is” appraised value are 56.0% and 49.3%, respectively. | |
(7) | For mortgage loan #13 (Grand Plaza Commercial), all LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $18,000,000. An earnout reserve in the amount of $1,400,000 was escrowed at loan origination. The lender will release the funds in the earnout reserve, provided that, (i) 7-Eleven has completed the buildout and fixturing of its leased premises, (ii) all tenant improvement costs, leasing commissions and other material costs and expenses relating to 7-Eleven’s leased premises have been paid in full, (iii) 7-Eleven is paying the full contractual rent, (iv) 7-Eleven is conducting normal business operations with the public at its leased premises, and (v) the Debt Yield is equal to or greater than 9.8%. Assuming the full earnout reserve is applied to the full loan amount of $18,000,000, 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 55.9%, 55.9%, 2.05x, 1.98x, 10.1%, and 9.8%, respectively. |
(8) | For mortgage loan #24 (Hilton at University Place), the related Mortgaged Property derives more than 23.1% of its revenue from food and beverage operations. |
(9) | Certain tenants may not be in occupancy or may be in free rent periods. In particular, with respect to single tenant properties or one of the top 5 tenants at a Mortgaged Property or portfolio of Mortgaged Properties for the 15 largest Mortgage Loans or groups of cross-collateralized Mortgage Loans or tenants at a Mortgaged Property or portfolio of Mortgaged Properties that lease 50% or more of the net rentable area, certain of such tenants have not taken possession or commenced paying rent or are not yet fully operational. For more information see “Description of the Mortgage Pool—Tenant Issues—Other” and the Annex A-3 in this prospectus for additional information. |
For mortgage loan #17 (CVS El Monte and Ontario), the CVS tenant at each location has a rent abatement period from January 1, 2029 through January 31, 2032. At loan origination, the borrower deposited into a rent reserve account an amount equal to $1,855,915. | |
For mortgage loan #18 (CVS Compton), the CVS tenant has a rent abatement period from January 1, 2029 through January 31, 2032. At loan origination, the borrower deposited into a rent reserve account an amount equal to $1,240,787. | |
For mortgage loan #29 (Frederick Avenue Shopping Center), the fifth largest tenant, (1,550 square feet), representing 5.1% of the net rentable square feet of the mortgaged property, is expected to take occupancy on August 1, 2019 and will have a rent abatement period until 241 days after the tenant has taken occupancy of the premises. At loan origination, the borrower deposited into a rent reserve account an amount equal to $44,758. | |
For mortgage loan #44 (3699 Hamner Ave Retail Center), the fourth largest tenant (1,428 square feet), representing 11.2% of net rentable square feet, has abated rent in April of 2020, 2021 and 2022. Underwritten Revenues reflect the annual rent abatement. | |
(10) | For mortgage loan #6 (ExchangeRight Net Leased Portfolio #27), the Largest Tenant Exp. Dates for Walgreens – Lubbock, TX, Walgreens – Houma, LA, Walgreens – Greendale, WI, Walgreens – Edmond, OK, Walgreens – Augusta, GA and Walgreens – Dayton, OH are assumed to be the earliest possible termination dates. The fully extended lease expiration dates for such tenants are August 31, 2081, February 28, 2082, June 30, 2066, July 31, 2082, April 1, 2079 and March 31, 2059, respectively. |
(11) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. For more information related to tenant termination options held by the 5 largest tenants (by net rentable area leased) at a Mortgaged Property or portfolio of Mortgaged Properties with respect to the 15 largest Mortgage Loans or groups of cross-collateralized Mortgage Loans or tenants at a Mortgaged Property or portfolio of Mortgaged Properties that lease 50% or more of the net rentable area, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in this prospectus for additional information, as well as the charts entitled “Major Tenants” and “Lease Expiration Schedules” for the 15 largest Mortgage Loans or groups of cross-collateralized Mortgage Loans presented on Annex A-3 to this prospectus. |
For mortgage loan #16 (Rittenhouse Square), the largest tenant, (4,435 square feet), representing 13.0% of net rentable square feet, has a one-time option to terminate its lease effective as of August 31, 2024, upon giving a twelve-month notice to the landlord. | |
For mortgage loan #47 (Concourse Office Center), the second largest tenant (3,073 square feet), representing 10.4% of net rentable square feet, may terminate its lease at any time upon providing 90 days’ written notice and payment of one month’s rent. | |
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(12) | For mortgage loan #1 (Nova Place), the second largest tenant (73,000 square feet), representing 6.4% of net rentable square feet, has multiple expiration dates. The tenant has 52,898 square feet expiring on September 30, 2029 and 20,102 square feet expiring on June 30, 2020. |
For mortgage loan #3 (450-460 Park Avenue South), the third largest tenant (14,070 square feet), representing 7.7% of net rentable square feet, has multiple expiration dates. The tenant has 8,270 square feet expiring on June 20, 2023 and 5,800 square feet expiring on June 21, 2022. | |
For mortgage loan #5 (Shetland Park), the largest tenant (117,189 square feet), representing 9.8% of net rentable square feet, has multiple expiration dates. The tenant has 114,789 square feet expiring on September 30, 2025 and 2,400 square feet that are month-to-month. The fourth largest tenant (37,408 square feet), representing 3.1% of net rentable square feet, has multiple lease expiration dates. The tenant has 19,151 square feet expiring on May 31, 2021 and 18,257 expiring on May 31, 2023. The fifth largest tenant (27,760 square feet), representing 2.3% of net rentable square feet, has multiple expiration dates. The tenant has 18,830 square feet expiring on November 31, 2027 and 8,930 square feet expiring on April 30, 2023. Additionally, 65 tenants leasing 70,990 square feet (7.0% of NRA, 10.3% of UW Base Rent) are operating under month to month leases. | |
For mortgage loan #10 (The Chantilly Office Portfolio), the largest tenant (71,383 square feet), representing 16.6% of the net rentable square feet, occupies multiple suites and has multiple lease expiration dates. The tenant has 50,066 square feet expiring on September 30, 2020, 17,954 square feet expiring on October 31, 2021 and 3,363 square feet expiring on November 30, 2022. The third largest tenant (40,627 square feet), representing 9.5% of net rentable square feet, occupies multiple suites and has multiple lease expiration dates. The tenant has 20,627 square feet expiring on December 31, 2020 and 20,000 square feet expiring on January 31, 2021. | |
For mortgage loan #14 (Patuxent Crossing), the largest tenant (63,927 square feet), representing 21.7% of the net rentable square feet, has multiple expiration dates. The tenant has 55,739 square feet expiring on June 30, 2038 and 8,188 square feet expiring on September 30, 2025. The second largest tenant (58,332 square feet), representing 19.8% of the net rentable square feet, has multiple expiration dates. The tenant has 48,832 square feet expiring on May 31, 2023 and 9,500 square feet expiring on May 31, 2021. | |
(13) | For mortgage loan #13 (Grand Plaza Commercial), the third largest tenant (3,024 square feet), representing 4.2% of net rentable square feet, is a borrower affiliate. |
(14) | For mortgage loan #25 (Embassy Suites - Williamsburg), the Monthly Replacement Reserve will adjust to the greater of the existing Monthly Replacement Reserve and 1/12th of 5.0% of underwritten revenue from the prior fiscal year. |
For mortgage loan #28 (Courtyard by Marriott Beaumont), the Monthly Replacement Reserve will adjust to the greater of the existing Monthly Replacement Reserve and 1/12th of 4.0% of underwritten revenue from the prior fiscal year. | |
For mortgage loan #32 (Hampton Inn - Milan), the Monthly Replacement Reserve is an adjusted amount equal to the greater of (i) 1/12th of (a) 2.0% of total revenues in the first year of the loan term, (b) 3.0% of total revenues in the second year of the loan term, and (c) 4.0% of total revenues thereafter, and (ii) 1/12th of the aggregate amount, if any, required to be reserved pursuant to any management or franchise agreement. Additionally, commencing in 2020, the borrower is required to deposit on each monthly payment date occurring in July, August, September and October an amount equal to one-fourth of the amount by which (i) the product of (a) 125.0% and (b) the seasonality shortfall amount for the twelve-month period commencing on the first day of February in the calendar year preceding the calendar year in which such determination is made exceeds (ii) the funds on deposit in the seasonality reserve as of the date such shortfall amount is determined by the lender. At closing, $91,658 was deposited into the seasonality reserve. | |
For mortgage loan #34 (Holiday Inn Express Wilkes Barre East), the monthly capital expenditure deposit means an amount equal to the greater of (a) (i) for the first 24 payment dates, an amount equal to $8,882, (ii) for the 25th to 36th payment dates, an amount equal to 1/12 of 3% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs and (iii) commencing on the 37th payment date and continuing thereafter, 4% of gross income from operations during the calendar year immediately preceding the calendar year in which such payment date occurs, and (b) the aggregate amount, if any, required to be reserved under the management agreement and the franchise agreement. | |
(15) | For mortgage loan #1 (Nova Place), once all existing tenant improvements and leasing commissions scheduled in the mortgage loan agreement have been satisfied, the remaining balance in the Other Escrow I (Initial) will count towards the TI/LC Reserve Cap. Additionally, the Other Escrow II (Initial) can be used for future tenant improvements and leasing commissions, but does not count towards the TI/LC Reserve Cap. |
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