FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226486-07 | ||
BANK 2019-BNK19 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Academy Securities, Inc., Drexel Hamilton, LLC or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us. | ||
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement. | ||
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts. | ||
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES | ||
The information herein is preliminary and may be supplemented or amended prior to the time of sale. | ||
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis. | ||
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials. | ||
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale. | ||
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS | ||
Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. | ||
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(2) | Specific Property Type | Year Built | Year Renovated |
1 | Grand Canal Shoppes | MSMCH/WFB | 3327 & 3377 Las Vegas Boulevard South | Las Vegas | NV | 89109 | Retail | Specialty Retail | 1999 | 2007 | |
2 | Waterford Lakes Town Center | BANA | 413 North Alafaya Trail | Orlando | FL | 32828 | Retail | Anchored | 1998 | ||
3 | 350 Bush Street | WFB | 350 Bush Street | San Francisco | CA | 94104 | Office | CBD | 2018 | ||
4 | 30 Hudson Yards | WFB | 20-30 Hudson Yards | New York | NY | 10001 | Office | CBD | 2019 | ||
5 | University Square | MSMCH | 1 University Square Drive | Princeton | NJ | 08540 | Office | Suburban | 2005 | ||
6 | Nova Place | WFB | 100 South Commons | Pittsburgh | PA | 15212 | Office | CBD | 1966 | 2019 | |
7 | 445 South Street | MSMCH | 445 South Street | Morristown | NJ | 07960 | Office | Suburban | 1982 | 2007 | |
8 | Newport Beach Marriott Bayview | BANA | 500 Bayview Circle | Newport Beach | CA | 92660 | Hospitality | Full Service | 1988 | 2018 | |
9 | Moffett Towers - Buildings 3 & 4 | BANA | 1190 Discovery Way & 900 5th Avenue | Sunnyvale | CA | 94089 | Office | Suburban | 2019 | ||
10 | The Alhambra | WFB | 1000 South Fremont Avenue; 1127-1131 South Fremont Avenue | Alhambra | CA | 91803 | Office | Suburban | 1927 | 2015 | |
11 | One Financial Plaza | MSMCH | 755 Main Street | Hartford | CT | 06103 | Office | CBD | 1974 | 2018 | |
12 | 29 West 35th Street | WFB | 29 West 35th Street | New York | NY | 10001 | Office | CBD | 1911 | ||
13 | Ford Factory | BANA | 777 South Santa Fe Avenue | Los Angeles | CA | 90021 | Office | CBD | 1912 | 2019 | |
14 | Marriott Downtown Orlando | BANA | 400 West Livingston Street | Orlando | FL | 32801 | Hospitality | Full Service | 1986 | 2017 | |
15 | 450-460 Park Avenue South | WFB | 450-460 Park Avenue South | New York | NY | 10016 | Office | CBD | 1912 | 2019 | |
16 | Fairway Center I | WFB | 1800 East Imperial Highway | Brea | CA | 92821 | Office | Suburban | 1987 | ||
17 | Mark Twain Village | BANA | 1300 - 1465 Bass Pro Drive | St. Charles | MO | 63301 | Retail | Anchored | 1968 | 2010 | |
18 | Woodpark Shopping Center | MSMCH | 25415 South Interstate Highway 45 | Spring | TX | 77380 | Retail | Anchored | 1994 | 2016 | |
19 | Little Rock Logistics Center | MSMCH | 104 Champs Boulevard | Maumelle | AR | 72113 | Industrial | Warehouse | 1989 | 2014 | |
20 | Eleven Seventeen Perimeter | MSMCH | 1117 Perimeter Center West | Atlanta | GA | 30338 | Office | Suburban | 1985 | 2004 | |
21 | Hampton Inn & Suites Hershey | BANA | 749 East Chocolate Avenue | Hershey | PA | 17033 | Hospitality | Limited Service | 1999 | 2018 | |
22 | Polo Towne Crossing SC | MSMCH | 2100, 2108 and 2208 Dallas Parkway | Plano | TX | 75093 | Retail | Shadow Anchored | 1999 | ||
23 | 420 East 72nd Street Tenants Corp. | BANA | 420 East 72nd Street | New York | NY | 10021 | Multifamily | Cooperative | 1962 | ||
24 | Division Place | WFB | 2800 & 2930 Division Street | Saint Cloud | MN | 56301 | Retail | Anchored | 1980 | 1993 | |
25 | Homewood Suites Fayetteville | MSMCH | 4028 Legend Avenue | Fayetteville | NC | 28303 | Hospitality | Limited Service | 2018 | ||
26 | Brownsville Commercial Industrial Park | MSMCH | 3201, 3300, 3301 & 3501 NAFTA Parkway | Brownsville | TX | 78526 | Industrial | Warehouse | 1998 | ||
27 | Courtyard Fayetteville Fort Bragg | BANA | 120 North 5th Street | Spring Lake | NC | 28390 | Hospitality | Select Service | 2016 | ||
28 | Hampton Inn – Knightdale | WFB | 405 Hinton Oaks Boulevard | Knightdale | NC | 27545 | Hospitality | Limited Service | 2017 | ||
29 | 167 169 Canal Street | MSMCH | 167-169 Canal Street | New York | NY | 10013 | Mixed Use | Office/Retail | 1900 | ||
30 | 215 East 58th St | BANA | 215 East 58th Street | New York | NY | 10022 | Mixed Use | Office/Retail | 1950 | 1984 | |
31 | Fillmore Crossing | WFB | 3125 Sinton Road | Colorado Springs | CO | 80907 | Multifamily | Garden | 1972 | 2018 | |
32 | Courage Drive | WFB | 2339 Courage Drive | Fairfield | CA | 94533 | Industrial | Flex | 2000 | ||
33 | Landmark Woods & Basswood Apartments | MSMCH | Various | Florence | SC | Various | Multifamily | Garden | Various | ||
33.01 | Landmark Woods Apartments | MSMCH | 1400 Cherokee Road | Florence | SC | 29501 | Multifamily | Garden | 1972 | ||
33.02 | Basswood Apartments | MSMCH | 400, 404, 408, 412, 418, 422, 426 Third Loop Road | Florence | SC | 29505 | Multifamily | Garden | 2001 | ||
34 | Aero Owners, Inc. | NCB | 63-61 Yellowstone Boulevard | Forest Hills | NY | 11375 | Multifamily | Cooperative | 1952 | 2004 | |
35 | Temple Terrace Plaza | WFB | 8799 North 56th Street | Temple Terrace | FL | 33617 | Retail | Anchored | 1969 | 2011 | |
36 | Albertsons Baton Rouge | MSMCH | 9650 Airline Highway | Baton Rouge | LA | 70815 | Retail | Anchored | 1985 | ||
37 | 200 Diplomat Drive Corporation | NCB | 100-200 Diplomat Drive | Mount Kisco | NY | 10549 | Multifamily | Cooperative | 1970 | 1996 | |
38 | Glacier Village | BANA | 9101, 9103, 9105, 9107, 9109, 9102, 9104, 9106, 9108, 9110, 9112 & 9116 Mendenhall Mall Road | Juneau | AK | 99801 | Retail | Anchored | 1977 | ||
39 | 6440 Grand Avenue | MSMCH | 6430-6440 Grand Avenue | Gurnee | IL | 60031 | Retail | Shadow Anchored | 2018 | ||
40 | Cal Brazing HQ | WFB | 37955 Central Court | Newark | CA | 94560 | Industrial | Flex | 2001 | ||
41 | Mira Este Business Park | BANA | 9225, 9245, 9265 & 9285 Dowdy Drive | San Diego | CA | 92126 | Mixed Use | Office/Industrial | 1988 | ||
42 | Coronet Owners, Inc. | NCB | 63-11 Queens Boulevard | Woodside | NY | 11377 | Multifamily | Cooperative | 1963 | 2009 | |
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | NCB | 100 West 94th Street | New York | NY | 10025 | Multifamily | Cooperative | 1965 | 2016 | |
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | NCB | 83-33 Austin Street | Kew Gardens | NY | 11415 | Multifamily | Cooperative | 1947 | 2016 | |
45 | Evergreen Owners, Inc. | NCB | 37-21 80th Street | Jackson Heights | NY | 11372 | Multifamily | Cooperative | 1928 | 1999 | |
46 | 333 East Broadway Owners Corp. | NCB | 333 East Broadway | Long Beach | NY | 11561 | Multifamily | Cooperative | 1963 | 2016 | |
47 | Pacific Coast Plaza | MSMCH | 2177-2185 Vista Way | Oceanside | CA | 92054 | Retail | Shadow Anchored | 1998 | ||
48 | Days Inn Sarasota | BANA | 5000 North Tamiami Trail | Sarasota | FL | 34234 | Hospitality | Limited Service | 1987 | 2016 | |
49 | Citysquare Shopping Center | WFB | 2250 Highway 95 | Bullhead City | AZ | 86442 | Retail | Anchored | 1988 | 2018 | |
50 | Spruce Tower Owners Corp. | NCB | 2 Spruce Street | Great Neck | NY | 11021 | Multifamily | Cooperative | 1927 | 2012 | |
51 | Carriage Owners Corp. | NCB | 77 South Park Avenue | Rockville Centre | NY | 11570 | Multifamily | Cooperative | 1971 | 2004 | |
52 | DuPont Office Center | BANA | 9921 Dupont Circle Drive West | Fort Wayne | IN | 46825 | Office | Suburban | 2000 | ||
53 | 7210 Owners Corp. | NCB | 72-10 112th Street | Forest Hills | NY | 11375 | Multifamily | Cooperative | 1953 | 2004 | |
54 | Sansing at Oxford Commons | MSMCH | 705 Sisk Avenue | Oxford | MS | 38655 | Retail | Unanchored | 2017 | ||
55 | 45 Kew Gardens Owners Inc. | NCB | 45 Kew Gardens Road | Kew Gardens | NY | 11415 | Multifamily | Cooperative | 1940 | 2015 | |
56 | Hawthorne Gardens Realty Corp. | NCB | 910 Stuart Avenue | Mamaroneck | NY | 10543 | Multifamily | Cooperative | 1928 | 2000 | |
57 | Maple Court Apartments, Inc. | NCB | 35-21 & 35-27 81st Street | Jackson Heights | NY | 11372 | Multifamily | Cooperative | 1930 | 1999 | |
58 | Capri Gardens Owners Corp. | NCB | 68-37 108th Street | Forest Hills | NY | 11375 | Multifamily | Cooperative | 1939 | 1994 | |
59 | Skylake Ranch Center | MSMCH | 11975-11995 Holly Street | Thornton | CO | 80233 | Retail | Unanchored | 2019 | N/A | |
60 | 44-14 Newtown Road Apartment Corporation | NCB | 44-14 Newtown Road | Astoria | NY | 11103 | Multifamily | Cooperative | 1929 | 2004 | |
61 | CVS Portfolio - Ashtabula & Pageland | WFB | Various | Various | Various | Various | Retail | Single Tenant | Various | ||
61.01 | CVS - Ashtabula | WFB | 1819 East Prospect Road (US Route 20) | Ashtabula | OH | 44004 | Retail | Single Tenant | 1999 | ||
61.02 | CVS - Pageland | WFB | 205 North Van Lingle Mundo Boulevard | Pageland | SC | 29728 | Retail | Single Tenant | 2001 | ||
62 | Claridge House Owners Corp. | NCB | 85 South Centre Avenue | Rockville Centre | NY | 11570 | Multifamily | Cooperative | 1969 | 2014 | |
63 | 11 Wooleys Lane Housing Corporation | NCB | 11 Wooleys Lane (a/k/a Woolley Lane a/k/a Wooley Lane a/k/a Woolleys Lane a/k/a Woolley’s Lane) | Great Neck | NY | 11023 | Multifamily | Cooperative | 1956 | 1999 | |
64 | Dorian Owners Inc. | NCB | 72-11 110th Street | Forest Hills | NY | 11375 | Multifamily | Cooperative | 1948 | 2004 | |
65 | Oak Grove MHC | MSMCH | 119 Oak Grove Park Road | Dallas | NC | 28034 | Manufactured Housing Community | Manufactured Housing Community | 1970 | ||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | NCB | 123-155 Bay Ridge Parkway | Brooklyn | NY | 11209 | Multifamily | Cooperative | 1986 | 2011 | |
67 | Taft Church Station | MSMCH | 150 Sam Walton Drive | Sparta | TN | 38583 | Retail | Shadow Anchored | 2004 | ||
68 | Bank of America - Cary, NC | WFB | 7109 O’Kelly Chapel Road | Cary | NC | 27519 | Other | Leased Fee | 2015 | ||
69 | Lynbrook 44 Apartment Owners, Inc. | NCB | 157 Hempstead Avenue | Lynbrook | NY | 11563 | Multifamily | Cooperative | 1968 | 1994 | |
70 | 22 North Forest Avenue Corp. | NCB | 22 North Forest Avenue | Rockville Centre | NY | 11570 | Multifamily | Cooperative | 1969 | 2016 | |
71 | Westview Equities, Inc. | NCB | 100 Westview Avenue a/k/a 34-36 Westview Avenue | Tuckahoe | NY | 10707 | Multifamily | Cooperative | 1928 | 1994 | |
72 | Culpeper MHC Portfolio | BANA | Various | Various | VA | Various | Manufactured Housing Community | Manufactured Housing Community | 1968 | ||
72.01 | Bailey’s MHC | BANA | 6391 Baileys Lane | Rixeyville | VA | 22737 | Manufactured Housing Community | Manufactured Housing Community | 1968 | ||
72.02 | Lakeside MHC | BANA | 11231 Sperryville Pike | Culpeper | VA | 22701 | Manufactured Housing Community | Manufactured Housing Community | 1968 | ||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | NCB | 171 Duane Street | New York | NY | 10013 | Multifamily | Cooperative | 1894 | 2004 |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Number of Units(2) | Unit of Measure | Cut-off Date Balance Per Unit/SF(5) | Original Balance ($) | Cut-off Date Balance ($) | % of Aggregate Cut-off Date Balance | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date | Last IO Pay Date | First P&I Pay Date | Maturity Date or Anticipated Repayment Date | ARD Loan Maturity Date |
1 | Grand Canal Shoppes | 759,891 | Sq. Ft. | 1,000 | 100,000,000 | 100,000,000 | 7.7% | 100,000,000 | N | 6/3/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
2 | Waterford Lakes Town Center | 691,265 | Sq. Ft. | 260 | 90,000,000 | 89,690,115 | 6.9% | 73,671,162 | N | 4/16/2019 | 6/6/2019 | 6/6/2019 | 5/6/2029 | ||
3 | 350 Bush Street | 387,599 | Sq. Ft. | 477 | 85,000,000 | 85,000,000 | 6.5% | 85,000,000 | N | 4/22/2019 | 6/11/2019 | 5/11/2029 | 5/11/2029 | ||
4 | 30 Hudson Yards | 1,463,234 | Sq. Ft. | 765 | 84,400,000 | 84,400,000 | 6.5% | 84,400,000 | N | 6/14/2019 | 8/6/2019 | 7/6/2029 | 7/6/2029 | ||
5 | University Square | 331,872 | Sq. Ft. | 217 | 72,000,000 | 72,000,000 | 5.5% | 65,118,357 | N | 6/26/2019 | 8/1/2019 | 7/1/2024 | 8/1/2024 | 7/1/2029 | |
6 | Nova Place | 1,142,745 | Sq. Ft. | 123 | 69,000,000 | 69,000,000 | 5.3% | 69,000,000 | N | 6/3/2019 | 7/11/2019 | 6/11/2029 | 6/11/2029 | ||
7 | 445 South Street | 320,274 | Sq. Ft. | 167 | 53,600,000 | 53,600,000 | 4.1% | 53,600,000 | N | 6/12/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
8 | Newport Beach Marriott Bayview | 254 | Rooms | 206,693 | 52,500,000 | 52,500,000 | 4.0% | 52,500,000 | N | 6/12/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
9 | Moffett Towers - Buildings 3 & 4 | 701,266 | Sq. Ft. | 499 | 50,000,000 | 50,000,000 | 3.8% | 50,000,000 | Y | 6/19/2019 | 8/6/2019 | 7/6/2029 | 7/6/2029 | 6/6/2034 | |
10 | The Alhambra | 931,891 | Sq. Ft. | 161 | 50,000,000 | 50,000,000 | 3.8% | 50,000,000 | N | 5/1/2019 | 6/11/2019 | 5/11/2029 | 5/11/2029 | ||
11 | One Financial Plaza | 621,830 | Sq. Ft. | 77 | 47,586,000 | 47,586,000 | 3.7% | 43,467,480 | N | 5/24/2019 | 7/1/2019 | 6/1/2024 | 7/1/2024 | 6/1/2029 | |
12 | 29 West 35th Street | 94,737 | Sq. Ft. | 433 | 41,000,000 | 41,000,000 | 3.1% | 41,000,000 | N | 5/30/2019 | 7/11/2019 | 6/11/2029 | 6/11/2029 | ||
13 | Ford Factory | 257,028 | Sq. Ft. | 525 | 40,000,000 | 40,000,000 | 3.1% | 40,000,000 | N | 3/29/2019 | 5/1/2019 | 4/1/2029 | 4/1/2029 | ||
14 | Marriott Downtown Orlando | 297 | Rooms | 125,258 | 37,250,000 | 37,201,705 | 2.9% | 29,720,314 | N | 6/13/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
15 | 450-460 Park Avenue South | 182,845 | Sq. Ft. | 410 | 30,000,000 | 30,000,000 | 2.3% | 30,000,000 | N | 5/1/2019 | 6/11/2019 | 5/11/2029 | 5/11/2029 | ||
16 | Fairway Center I | 145,798 | Sq. Ft. | 172 | 25,125,000 | 25,125,000 | 1.9% | 21,551,238 | N | 4/18/2019 | 6/11/2019 | 5/11/2021 | 6/11/2021 | 5/11/2029 | |
17 | Mark Twain Village | 306,367 | Sq. Ft. | 69 | 21,206,250 | 21,206,250 | 1.6% | 18,402,563 | N | 5/14/2019 | 7/1/2019 | 6/1/2022 | 7/1/2022 | 6/1/2029 | |
18 | Woodpark Shopping Center | 156,940 | Sq. Ft. | 109 | 17,150,000 | 17,150,000 | 1.3% | 15,561,805 | N | 6/12/2019 | 8/1/2019 | 7/1/2024 | 8/1/2024 | 7/1/2029 | |
19 | Little Rock Logistics Center | 500,450 | Sq. Ft. | 31 | 15,562,000 | 15,544,069 | 1.2% | 12,648,890 | N | 6/25/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
20 | Eleven Seventeen Perimeter | 392,726 | Sq. Ft. | 112 | 15,000,000 | 15,000,000 | 1.2% | 15,000,000 | N | 6/3/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
21 | Hampton Inn & Suites Hershey | 110 | Rooms | 129,663 | 14,300,000 | 14,262,956 | 1.1% | 11,503,064 | N | 5/30/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
22 | Polo Towne Crossing SC | 82,965 | Sq. Ft. | 365 | 14,250,000 | 14,250,000 | 1.1% | 13,019,049 | N | 6/7/2019 | 8/1/2019 | 7/1/2024 | 8/1/2024 | 7/1/2029 | |
23 | 420 East 72nd Street Tenants Corp. | 178 | Units | 78,652 | 14,000,000 | 14,000,000 | 1.1% | 14,000,000 | N | 6/26/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
24 | Division Place | 127,366 | Sq. Ft. | 98 | 12,450,000 | 12,434,995 | 1.0% | 10,050,311 | N | 6/21/2019 | 8/11/2019 | 8/11/2019 | 7/11/2029 | ||
25 | Homewood Suites Fayetteville | 111 | Rooms | 103,604 | 11,500,000 | 11,500,000 | 0.9% | 11,500,000 | N | 6/26/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
26 | Brownsville Commercial Industrial Park | 400,000 | Sq. Ft. | 26 | 10,500,000 | 10,500,000 | 0.8% | 8,892,812 | N | 6/4/2019 | 8/1/2019 | 7/1/2021 | 8/1/2021 | 7/1/2029 | |
27 | Courtyard Fayetteville Fort Bragg | 100 | Rooms | 104,863 | 10,500,000 | 10,486,335 | 0.8% | 8,372,288 | N | 6/27/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
28 | Hampton Inn – Knightdale | 110 | Rooms | 93,410 | 10,300,000 | 10,275,136 | 0.8% | 8,385,608 | N | 5/23/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | ||
29 | 167 169 Canal Street | 14,150 | Sq. Ft. | 707 | 10,000,000 | 10,000,000 | 0.8% | 10,000,000 | N | 7/1/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
30 | 215 East 58th St | 33,165 | Sq. Ft. | 280 | 9,300,000 | 9,300,000 | 0.7% | 9,300,000 | N | 6/26/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
31 | Fillmore Crossing | 189 | Units | 44,974 | 8,500,000 | 8,500,000 | 0.7% | 7,119,678 | N | 4/30/2019 | 6/11/2019 | 5/11/2020 | 6/11/2020 | 5/11/2029 | |
32 | Courage Drive | 108,000 | Sq. Ft. | 78 | 8,400,000 | 8,400,000 | 0.6% | 8,400,000 | N | 5/29/2019 | 7/11/2019 | 6/11/2029 | 6/11/2029 | ||
33 | Landmark Woods & Basswood Apartments | 160 | Units | 51,563 | 8,250,000 | 8,250,000 | 0.6% | 7,487,277 | N | 6/28/2019 | 8/1/2019 | 7/1/2024 | 8/1/2024 | 7/1/2029 | |
33.01 | Landmark Woods Apartments | 104 | Units | 4,887,605 | 4,887,605 | 0.4% | |||||||||
33.02 | Basswood Apartments | 56 | Units | 3,362,395 | 3,362,395 | 0.3% | |||||||||
34 | Aero Owners, Inc. | 286 | Units | 27,143 | 7,775,000 | 7,762,963 | 0.6% | 6,876,489 | N | 5/28/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
35 | Temple Terrace Plaza | 90,328 | Sq. Ft. | 85 | 7,650,000 | 7,650,000 | 0.6% | 6,486,888 | N | 6/6/2019 | 7/11/2019 | 6/11/2021 | 7/11/2021 | 6/11/2029 | |
36 | Albertsons Baton Rouge | 66,374 | Sq. Ft. | 115 | 7,650,000 | 7,641,385 | 0.6% | 6,238,992 | N | 6/12/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
37 | 200 Diplomat Drive Corporation | 224 | Units | 33,386 | 7,500,000 | 7,478,361 | 0.6% | 5,915,041 | N | 5/21/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
38 | Glacier Village | 242,797 | Sq. Ft. | 29 | 7,125,000 | 7,125,000 | 0.5% | 6,268,664 | N | 5/3/2019 | 7/1/2019 | 6/1/2022 | 7/1/2022 | 6/1/2029 | |
39 | 6440 Grand Avenue | 15,564 | Sq. Ft. | 445 | 6,919,250 | 6,919,250 | 0.5% | 6,919,250 | N | 6/7/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
40 | Cal Brazing HQ | 43,557 | Sq. Ft. | 147 | 6,400,000 | 6,400,000 | 0.5% | 6,400,000 | N | 5/23/2019 | 7/11/2019 | 6/11/2029 | 6/11/2029 | ||
41 | Mira Este Business Park | 64,301 | Sq. Ft. | 97 | 6,215,000 | 6,215,000 | 0.5% | 6,215,000 | N | 6/17/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
42 | Coronet Owners, Inc. | 159 | Units | 38,522 | 6,125,000 | 6,125,000 | 0.5% | 5,099,231 | N | 6/27/2019 | 8/1/2019 | 7/1/2021 | 8/1/2021 | 7/1/2029 | |
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 162 | Units | 37,037 | 6,000,000 | 6,000,000 | 0.5% | 6,000,000 | N | 7/1/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 105 | Units | 57,059 | 6,000,000 | 5,991,213 | 0.5% | 4,686,429 | N | 6/28/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
45 | Evergreen Owners, Inc. | 100 | Units | 57,410 | 5,750,000 | 5,741,047 | 0.4% | 5,082,456 | N | 5/28/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
46 | 333 East Broadway Owners Corp. | 72 | Units | 74,532 | 5,375,000 | 5,366,316 | 0.4% | 4,732,292 | N | 5/31/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
47 | Pacific Coast Plaza | 24,522 | Sq. Ft. | 204 | 5,000,000 | 5,000,000 | 0.4% | 5,000,000 | N | 6/28/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
48 | Days Inn Sarasota | 96 | Rooms | 50,256 | 4,830,000 | 4,824,623 | 0.4% | 3,945,731 | N | 6/7/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
49 | Citysquare Shopping Center | 52,944 | Sq. Ft. | 91 | 4,825,000 | 4,813,017 | 0.4% | 3,909,569 | N | 6/6/2019 | 7/11/2019 | 7/11/2019 | 6/11/2029 | ||
50 | Spruce Tower Owners Corp. | 61 | Units | 65,574 | 4,000,000 | 4,000,000 | 0.3% | 4,000,000 | N | 6/20/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
51 | Carriage Owners Corp. | 96 | Units | 41,635 | 4,000,000 | 3,996,993 | 0.3% | 3,521,824 | N | 6/20/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
52 | DuPont Office Center | 63,342 | Sq. Ft. | 60 | 3,802,500 | 3,802,500 | 0.3% | 3,802,500 | N | 6/14/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
53 | 7210 Owners Corp. | 66 | Units | 55,965 | 3,700,000 | 3,693,678 | 0.3% | 3,237,376 | N | 5/29/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
54 | Sansing at Oxford Commons | 15,871 | Sq. Ft. | 225 | 3,565,000 | 3,565,000 | 0.3% | 3,262,318 | N | 6/13/2019 | 8/1/2019 | 7/1/2024 | 8/1/2024 | 7/1/2029 | |
55 | 45 Kew Gardens Owners Inc. | 95 | Units | 36,842 | 3,500,000 | 3,500,000 | 0.3% | 3,500,000 | N | 6/20/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
56 | Hawthorne Gardens Realty Corp. | 81 | Units | 42,105 | 3,420,000 | 3,410,489 | 0.3% | 2,716,065 | N | 5/15/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
57 | Maple Court Apartments, Inc. | 63 | Units | 51,112 | 3,225,000 | 3,220,036 | 0.2% | 2,854,012 | N | 5/28/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
58 | Capri Gardens Owners Corp. | 72 | Units | 40,245 | 2,900,000 | 2,897,662 | 0.2% | 2,535,876 | N | 6/27/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
59 | Skylake Ranch Center | 8,200 | Sq. Ft. | 353 | 2,895,000 | 2,895,000 | 0.2% | 2,554,457 | N | 7/2/2019 | 9/1/2019 | 8/1/2022 | 9/1/2022 | 8/1/2029 | |
60 | 44-14 Newtown Road Apartment Corporation | 108 | Units | 25,853 | 2,800,000 | 2,792,122 | 0.2% | 2,218,836 | N | 5/14/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
61 | CVS Portfolio - Ashtabula & Pageland | 20,180 | Sq. Ft. | 128 | 2,580,000 | 2,580,000 | 0.2% | 2,365,424 | N | 6/4/2019 | 7/11/2019 | 6/11/2024 | 7/11/2024 | 6/11/2029 | |
61.01 | CVS - Ashtabula | 10,125 | Sq. Ft. | 1,775,000 | 1,775,000 | 0.1% | |||||||||
61.02 | CVS - Pageland | 10,055 | Sq. Ft. | 805,000 | 805,000 | 0.1% | |||||||||
62 | Claridge House Owners Corp. | 62 | Units | 41,129 | 2,550,000 | 2,550,000 | 0.2% | 2,550,000 | N | 6/20/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
63 | 11 Wooleys Lane Housing Corporation | 57 | Units | 42,912 | 2,450,000 | 2,446,008 | 0.2% | 2,155,058 | N | 5/31/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
64 | Dorian Owners Inc. | 55 | Units | 40,849 | 2,250,000 | 2,246,718 | 0.2% | 1,758,742 | N | 6/18/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
65 | Oak Grove MHC | 107 | Unit | 20,563 | 2,200,250 | 2,200,250 | 0.2% | 2,200,250 | N | 6/14/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 42 | Units | 49,931 | 2,100,000 | 2,097,087 | 0.2% | 1,656,279 | N | 6/28/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
67 | Taft Church Station | 18,700 | Sq. Ft. | 105 | 1,968,750 | 1,966,598 | 0.2% | 1,612,603 | N | 6/6/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
68 | Bank of America - Cary, NC | 38,683 | Sq. Ft. | 49 | 1,900,000 | 1,900,000 | 0.1% | 1,900,000 | N | 6/6/2019 | 7/11/2019 | 6/11/2029 | 6/11/2029 | ||
69 | Lynbrook 44 Apartment Owners, Inc. | 44 | Units | 40,909 | 1,800,000 | 1,800,000 | 0.1% | 1,800,000 | N | 6/20/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
70 | 22 North Forest Avenue Corp. | 45 | Units | 34,444 | 1,550,000 | 1,550,000 | 0.1% | 1,550,000 | N | 6/20/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 | ||
71 | Westview Equities, Inc. | 22 | Units | 67,988 | 1,500,000 | 1,495,747 | 0.1% | 1,186,928 | N | 5/29/2019 | 7/1/2019 | 7/1/2019 | 6/1/2029 | ||
72 | Culpeper MHC Portfolio | 50 | Pads | 27,969 | 1,400,000 | 1,398,456 | 0.1% | 1,145,217 | N | 6/28/2019 | 8/1/2019 | 8/1/2019 | 7/1/2029 | ||
72.01 | Bailey’s MHC | 28 | Pads | 794,595 | 793,718 | 0.1% | |||||||||
72.02 | Lakeside MHC | 22 | Pads | 605,405 | 604,738 | 0.0% | |||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 5 | Units | 250,000 | 1,250,000 | 1,250,000 | 0.1% | 1,250,000 | N | 6/27/2019 | 8/1/2019 | 7/1/2029 | 7/1/2029 |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Gross Mortgage Rate | Operating Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.) |
1 | Grand Canal Shoppes | 3.74080% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.72951% | Actual/360 | 316,062.96 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
2 | Waterford Lakes Town Center | 4.86000% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.84871% | Actual/360 | 475,468.32 | Amortizing Balloon | 120 | 117 | 0 | |
3 | 350 Bush Street | 3.91216% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.90087% | Actual/360 | 281,730.01 | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 |
4 | 30 Hudson Yards | 3.11000% | 0.00000% | 0.00560% | 0.00375% | 0.00050% | 0.00019% | 3.09996% | Actual/360 | 222,382.28 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
5 | University Square | 3.80000% | 0.00183% | 0.00560% | 0.01500% | 0.00050% | 0.00019% | 3.77688% | Actual/360 | 335,489.29 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 |
6 | Nova Place | 4.19200% | 0.00000% | 0.00560% | 0.01500% | 0.00050% | 0.00019% | 4.17071% | Actual/360 | 245,057.33 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 |
7 | 445 South Street | 4.15000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.13688% | Actual/360 | 187,941.20 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
8 | Newport Beach Marriott Bayview | 3.75000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.73688% | Actual/360 | 166,341.15 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
9 | Moffett Towers - Buildings 3 & 4 | 3.76386% | 0.00000% | 0.00560% | 0.00375% | 0.00050% | 0.00019% | 3.75382% | Actual/360 | 159,005.66 | Interest-only, ARD | Actual/360 | 120 | 119 | 120 |
10 | The Alhambra | 4.22000% | 0.00000% | 0.00560% | 0.01500% | 0.00050% | 0.00019% | 4.19871% | Actual/360 | 178,763.89 | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 |
11 | One Financial Plaza | 4.39000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.37688% | Actual/360 | 238,011.08 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 |
12 | 29 West 35th Street | 3.84300% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.82988% | Actual/360 | 133,490.88 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 |
13 | Ford Factory | 4.52000% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.50871% | Actual/360 | 152,759.26 | Interest-only, Balloon | Actual/360 | 120 | 116 | 120 |
14 | Marriott Downtown Orlando | 4.11750% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.10438% | Actual/360 | 180,369.75 | Amortizing Balloon | 120 | 119 | 0 | |
15 | 450-460 Park Avenue South | 3.70000% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.68871% | Actual/360 | 94,041.67 | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 |
16 | Fairway Center I | 4.66000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.64688% | Actual/360 | 129,704.38 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 24 |
17 | Mark Twain Village | 4.13000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.11688% | Actual/360 | 102,837.65 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 |
18 | Woodpark Shopping Center | 3.99000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.97688% | Actual/360 | 81,777.88 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 |
19 | Little Rock Logistics Center | 4.65000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.63688% | Actual/360 | 80,243.40 | Amortizing Balloon | 120 | 119 | 0 | |
20 | Eleven Seventeen Perimeter | 4.18000% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.16871% | Actual/360 | 52,975.69 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
21 | Hampton Inn & Suites Hershey | 4.35000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.33688% | Actual/360 | 71,187.09 | Amortizing Balloon | 120 | 118 | 0 | |
22 | Polo Towne Crossing SC | 4.40000% | 0.00000% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.38871% | Actual/360 | 71,358.43 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 |
23 | 420 East 72nd Street Tenants Corp. | 3.54000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.52688% | Actual/360 | 41,873.61 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
24 | Division Place | 4.45000% | 0.00183% | 0.00560% | 0.03500% | 0.00050% | 0.00019% | 4.40688% | Actual/360 | 62,712.99 | Amortizing Balloon | 120 | 119 | 0 | |
25 | Homewood Suites Fayetteville | 3.86000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.84688% | Actual/360 | 37,505.44 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
26 | Brownsville Commercial Industrial Park | 4.19000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.17688% | Actual/360 | 51,285.54 | Interest-Only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 |
27 | Courtyard Fayetteville Fort Bragg | 4.10000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.08688% | Actual/360 | 50,735.83 | Amortizing Balloon | 120 | 119 | 0 | |
28 | Hampton Inn – Knightdale | 4.70000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.68688% | Actual/360 | 53,419.69 | Amortizing Balloon | 120 | 118 | 0 | |
29 | 167 169 Canal Street | 4.18000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.16688% | Actual/360 | 35,317.13 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
30 | 215 East 58th St | 3.70000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.68688% | Actual/360 | 29,073.26 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
31 | Fillmore Crossing | 4.73000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.71688% | Actual/360 | 44,237.61 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 12 |
32 | Courage Drive | 4.10300% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.08988% | Actual/360 | 29,199.68 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 |
33 | Landmark Woods & Basswood Apartments | 4.00000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.98688% | Actual/360 | 39,386.76 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 |
33.01 | Landmark Woods Apartments | ||||||||||||||
33.02 | Basswood Apartments | ||||||||||||||
34 | Aero Owners, Inc. | 4.08000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.99188% | Actual/360 | 32,882.63 | Amortizing Balloon | 120 | 118 | 0 | |
35 | Temple Terrace Plaza | 4.23500% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.22188% | Actual/360 | 37,566.25 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 |
36 | Albertsons Baton Rouge | 4.75000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.73688% | Actual/360 | 39,906.02 | Amortizing Balloon | 120 | 119 | 0 | |
37 | 200 Diplomat Drive Corporation | 3.80000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.71188% | Actual/360 | 34,946.80 | Amortizing Balloon | 120 | 118 | 0 | |
38 | Glacier Village | 4.72000% | 0.00183% | 0.00560% | 0.05250% | 0.00050% | 0.00019% | 4.65938% | Actual/360 | 37,038.64 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 |
39 | 6440 Grand Avenue | 4.64000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.62688% | Actual/360 | 27,126.02 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
40 | Cal Brazing HQ | 4.03500% | 0.00183% | 0.00560% | 0.03500% | 0.00050% | 0.00019% | 3.99188% | Actual/360 | 21,878.67 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 |
41 | Mira Este Business Park | 4.50000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.48688% | Actual/360 | 23,629.95 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
42 | Coronet Owners, Inc. | 3.59000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.50188% | Actual/360 | 27,812.62 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 |
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 3.92000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.83188% | Actual/360 | 19,926.67 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 3.54000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.45188% | Actual/360 | 27,076.83 | Amortizing Balloon | 120 | 119 | 0 | |
45 | Evergreen Owners, Inc. | 4.06000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.97188% | Actual/360 | 24,246.48 | Amortizing Balloon | 120 | 118 | 0 | |
46 | 333 East Broadway Owners Corp. | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 22,230.76 | Amortizing Balloon | 120 | 118 | 0 | |
47 | Pacific Coast Plaza | 3.95000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 3.93688% | Actual/360 | 16,686.92 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
48 | Days Inn Sarasota | 4.80000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.78688% | Actual/360 | 25,341.34 | Amortizing Balloon | 120 | 119 | 0 | |
49 | Citysquare Shopping Center | 4.56000% | 0.00183% | 0.00560% | 0.04500% | 0.00050% | 0.00019% | 4.50688% | Actual/360 | 24,619.88 | Amortizing Balloon | 120 | 118 | 0 | |
50 | Spruce Tower Owners Corp. | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 13,318.33 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
51 | Carriage Owners Corp. | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 16,543.82 | Amortizing Balloon | 120 | 119 | 0 | |
52 | DuPont Office Center | 4.15000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.13688% | Actual/360 | 13,332.96 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
53 | 7210 Owners Corp. | 3.73000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.64188% | Actual/360 | 14,848.28 | Amortizing Balloon | 120 | 118 | 0 | |
54 | Sansing at Oxford Commons | 4.50000% | 0.00183% | 0.00560% | 0.04250% | 0.00050% | 0.00019% | 4.44938% | Actual/360 | 18,063.33 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 |
55 | 45 Kew Gardens Owners Inc. | 3.67000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.58188% | Actual/360 | 10,882.57 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
56 | Hawthorne Gardens Realty Corp. | 3.99000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.90188% | Actual/360 | 16,307.89 | Amortizing Balloon | 120 | 118 | 0 | |
57 | Maple Court Apartments, Inc. | 4.10000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 4.01188% | Actual/360 | 13,679.78 | Amortizing Balloon | 120 | 118 | 0 | |
58 | Capri Gardens Owners Corp. | 3.71000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.62188% | Actual/360 | 11,602.48 | Amortizing Balloon | 120 | 119 | 0 | |
59 | Skylake Ranch Center | 4.85000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.83688% | Actual/360 | 15,276.68 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 120 | 36 |
60 | 44-14 Newtown Road Apartment Corporation | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 13,254.88 | Amortizing Balloon | 120 | 118 | 0 | |
61 | CVS Portfolio - Ashtabula & Pageland | 4.62000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.60688% | Actual/360 | 13,257.08 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 |
61.01 | CVS - Ashtabula | ||||||||||||||
61.02 | CVS - Pageland | ||||||||||||||
62 | Claridge House Owners Corp. | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 8,490.44 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
63 | 11 Wooleys Lane Housing Corporation | 3.90000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.81188% | Actual/360 | 10,087.65 | Amortizing Balloon | 120 | 118 | 0 | |
64 | Dorian Owners Inc. | 3.56000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.47188% | Actual/360 | 10,179.01 | Amortizing Balloon | 120 | 119 | 0 | |
65 | Oak Grove MHC | 3.92000% | 0.00183% | 0.00560% | 0.13850% | 0.00050% | 0.00019% | 3.77338% | Actual/360 | 7,287.31 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 3.80000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.71188% | Actual/360 | 9,785.10 | Amortizing Balloon | 120 | 119 | 0 | |
67 | Taft Church Station | 4.88000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.86688% | Actual/360 | 10,424.76 | Amortizing Balloon | 120 | 119 | 0 | |
68 | Bank of America - Cary, NC | 4.89000% | 0.00183% | 0.00560% | 0.08250% | 0.00050% | 0.00019% | 4.79938% | Actual/360 | 7,871.54 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 |
69 | Lynbrook 44 Apartment Owners, Inc. | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 5,993.25 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
70 | 22 North Forest Avenue Corp. | 3.93000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.84188% | Actual/360 | 5,160.85 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
71 | Westview Equities, Inc. | 3.89000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.80188% | Actual/360 | 7,066.43 | Amortizing Balloon | 120 | 118 | 0 | |
72 | Culpeper MHC Portfolio | 4.84000% | 0.00183% | 0.00560% | 0.00500% | 0.00050% | 0.00019% | 4.82688% | Actual/360 | 7,379.20 | Amortizing Balloon | 120 | 119 | 0 | |
72.01 | Bailey’s MHC | ||||||||||||||
72.02 | Lakeside MHC | ||||||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 3.92000% | 0.00183% | 0.00560% | 0.08000% | 0.00050% | 0.00019% | 3.83188% | Actual/360 | 4,151.39 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions(3) | Grace Period Default (Days) | Grace Period Late (Days) | Appraised Value ($)(4) | Appraisal Date | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop-Coop-Units | Coop-Sponsor/Investor Carry |
1 | Grand Canal Shoppes | 119 | 0 | 0 | 1 | L(25),D(90),O(5) | 0 (1 grace period of 2 business days every 12 month period) | 0 | 1,640,000,000 | 4/3/2019 | |||||||
2 | Waterford Lakes Town Center | 0 | 360 | 357 | 3 | L(27),D(86),O(7) | 0 | 0 | 268,600,000 | 3/1/2019 | |||||||
3 | 350 Bush Street | 117 | 0 | 0 | 3 | L(27),D(86),O(7) | 0 | 10 | 522,000,000 | 8/1/2019 | |||||||
4 | 30 Hudson Yards | 119 | 0 | 0 | 1 | L(25),GRTR 1% or YM or D(90),O(5) | 0 | 0 | 2,200,000,000 | 5/23/2019 | |||||||
5 | University Square | 59 | 360 | 360 | 1 | L(25),D(90),O(5) | 5 | 0 | 97,700,000 | 4/26/2019 | |||||||
6 | Nova Place | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 | 5 | 200,050,000 | 1/23/2019 | |||||||
7 | 445 South Street | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 5 | 0 | 80,000,000 | 4/1/2019 | |||||||
8 | Newport Beach Marriott Bayview | 119 | 0 | 0 | 1 | L(25),D(88),O(7) | 0 | 5 | 78,000,000 | 5/23/2019 | |||||||
9 | Moffett Towers - Buildings 3 & 4 | 119 | 0 | 0 | 1 | L(24),GRTR 1% or YM(1),GRTR 1% or YM or D(88),O(7) | 0 | 0 | 790,000,000 | Various | |||||||
10 | The Alhambra | 117 | 0 | 0 | 3 | L(27),D(89),O(4) | 0 | 5 | 230,500,000 | 2/6/2019 | |||||||
11 | One Financial Plaza | 58 | 360 | 360 | 2 | L(26),D(90),O(4) | 5 | 0 | 71,500,000 | 12/11/2018 | |||||||
12 | 29 West 35th Street | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 | 5 | 73,500,000 | 4/11/2019 | |||||||
13 | Ford Factory | 116 | 0 | 0 | 4 | L(28),D(85),O(7) | 5 | 5 | 237,000,000 | 3/1/2019 | |||||||
14 | Marriott Downtown Orlando | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | 5 | 57,800,000 | 5/6/2019 | |||||||
15 | 450-460 Park Avenue South | 117 | 0 | 0 | 3 | L(27),D(86),O(7) | 0 | 0 | 205,000,000 | 3/26/2019 | |||||||
16 | Fairway Center I | 21 | 360 | 360 | 3 | L(27),GRTR 1% or YM or D(86),O(7) | 0 | 0 | 34,700,000 | 10/1/2019 | |||||||
17 | Mark Twain Village | 34 | 360 | 360 | 2 | L(26),D(90),O(4) | 0 | 0 | 28,875,000 | 3/20/2019 | |||||||
18 | Woodpark Shopping Center | 59 | 360 | 360 | 1 | L(23),GRTR 1% or YM(92),O(5) | 5 | 5 | 24,600,000 | 4/18/2019 | |||||||
19 | Little Rock Logistics Center | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 5 | 5 | 20,800,000 | 2/15/2019 | |||||||
20 | Eleven Seventeen Perimeter | 119 | 0 | 0 | 1 | L(25),D(82),O(13) | 5 | 0 | 66,900,000 | 4/23/2019 | |||||||
21 | Hampton Inn & Suites Hershey | 0 | 360 | 358 | 2 | L(26),D(89),O(5) | 4 | 5 | 20,000,000 | 5/8/2019 | |||||||
22 | Polo Towne Crossing SC | 59 | 360 | 360 | 1 | L(23),GRTR 1% or YM(87),O(10) | 5 | 5 | 45,900,000 | 4/8/2019 | |||||||
23 | 420 East 72nd Street Tenants Corp. | 119 | 0 | 0 | 1 | L(25),D(88),O(7) | 4 | 5 | 223,300,000 | 5/29/2019 | 164,400,000 | 8.5% | 0.0% | 0 | 0 | 0 | |
24 | Division Place | 0 | 360 | 359 | 1 | L(25),GRTR 1% or YM(88),O(7) | 0 | 0 | 16,600,000 | 4/1/2019 | |||||||
25 | Homewood Suites Fayetteville | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 | 15 | 21,000,000 | 5/1/2019 | |||||||
26 | Brownsville Commercial Industrial Park | 23 | 360 | 360 | 1 | L(25),D(90),O(5) | 5 | 0 | 14,990,000 | 4/15/2019 | |||||||
27 | Courtyard Fayetteville Fort Bragg | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 4 | 5 | 15,000,000 | 6/1/2019 | |||||||
28 | Hampton Inn – Knightdale | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | 0 | 0 | 14,000,000 | 4/11/2019 | |||||||
29 | 167 169 Canal Street | 119 | 0 | 0 | 1 | L(24),GRTR 1% or YM(91),O(5) | 5 | 5 | 16,800,000 | 5/20/2019 | |||||||
30 | 215 East 58th St | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 4 | 5 | 23,000,000 | 5/30/2019 | |||||||
31 | Fillmore Crossing | 9 | 360 | 360 | 3 | L(27),GRTR 1% or YM(89),O(4) | 0 | 0 | 11,700,000 | 4/1/2020 | |||||||
32 | Courage Drive | 118 | 0 | 0 | 2 | L(26),GRTR 1% or YM or D(90),O(4) | 0 | 5 | 13,820,000 | 4/19/2019 | |||||||
33 | Landmark Woods & Basswood Apartments | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 5 | 5 | 11,900,000 | 3/14/2019 | |||||||
33.01 | Landmark Woods Apartments | 7,050,000 | 3/14/2019 | ||||||||||||||
33.02 | Basswood Apartments | 4,850,000 | 3/14/2019 | ||||||||||||||
34 | Aero Owners, Inc. | 0 | 480 | 478 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 82,500,000 | 4/9/2019 | 46,700,000 | 16.6% | 26.9% | 77 | 0 | 0 | 322,542 |
35 | Temple Terrace Plaza | 22 | 360 | 360 | 2 | L(26),D(90),O(4) | 0 | 0 | 10,200,000 | 5/15/2019 | |||||||
36 | Albertsons Baton Rouge | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 5 | 5 | 12,250,000 | 3/19/2019 | |||||||
37 | 200 Diplomat Drive Corporation | 0 | 360 | 358 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 41,500,000 | 4/19/2019 | 39,300,000 | 19.0% | 0.0% | 0 | 0 | 0 | |
38 | Glacier Village | 34 | 360 | 360 | 2 | L(26),D(90),O(4) | 4 | 5 | 9,590,000 | 3/27/2019 | |||||||
39 | 6440 Grand Avenue | 119 | 0 | 0 | 1 | L(22),GRTR 1% or YM(94),O(4) | 5 | 0 | 10,800,000 | 4/11/2019 | |||||||
40 | Cal Brazing HQ | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 | 0 | 10,500,000 | 4/15/2019 | |||||||
41 | Mira Este Business Park | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 4 | 5 | 9,880,000 | 5/14/2019 | |||||||
42 | Coronet Owners, Inc. | 23 | 360 | 360 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 52,400,000 | 5/15/2019 | 44,700,000 | 13.7% | 43.4% | 69 | 0 | 0 | 801,495 |
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 181,180,000 | 4/11/2019 | 142,400,000 | 4.2% | 1.9% | 0 | 0 | 3 | |
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 0 | 360 | 359 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 42,700,000 | 5/21/2019 | 29,900,000 | 20.0% | 9.5% | 10 | 0 | 0 | 1,384 |
45 | Evergreen Owners, Inc. | 0 | 480 | 478 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 27,800,000 | 4/11/2019 | 15,300,000 | 37.5% | 51.0% | 51 | 0 | 0 | 139,125 |
46 | 333 East Broadway Owners Corp. | 0 | 480 | 478 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 25,750,000 | 4/15/2019 | 20,400,000 | 26.3% | 4.2% | 3 | 0 | 0 | 29,565 |
47 | Pacific Coast Plaza | 119 | 0 | 0 | 1 | L(25),GRTR 1% or YM(91),O(4) | 5 | 0 | 16,900,000 | 4/28/2019 | |||||||
48 | Days Inn Sarasota | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 4 | 5 | 6,900,000 | 5/3/2019 | |||||||
49 | Citysquare Shopping Center | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | 0 | 0 | 7,220,000 | 4/1/2019 | |||||||
50 | Spruce Tower Owners Corp. | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 20,800,000 | 5/3/2019 | 20,300,000 | 19.7% | 14.8% | 9 | 0 | 0 | 108,630 |
51 | Carriage Owners Corp. | 0 | 480 | 479 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 23,300,000 | 5/6/2019 | 25,300,000 | 15.8% | 52.1% | 50 | 0 | 0 | 688,970 |
52 | DuPont Office Center | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 4 | 5 | 6,100,000 | 5/17/2019 | |||||||
53 | 7210 Owners Corp. | 0 | 480 | 478 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 25,200,000 | 4/16/2019 | 15,000,000 | 24.6% | 7.6% | 5 | 0 | 0 | (8,803) |
54 | Sansing at Oxford Commons | 59 | 360 | 360 | 1 | L(25),D(90),O(5) | 5 | 5 | 5,000,000 | 4/26/2019 | |||||||
55 | 45 Kew Gardens Owners Inc. | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 28,600,000 | 5/14/2019 | 21,500,000 | 16.3% | 30.5% | 0 | 29 | 0 | 305,388 |
56 | Hawthorne Gardens Realty Corp. | 0 | 360 | 358 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 23,470,000 | 4/12/2019 | 21,100,000 | 16.2% | 9.9% | 8 | 0 | 0 | 1,341 |
57 | Maple Court Apartments, Inc. | 0 | 480 | 478 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 24,460,000 | 4/22/2019 | 12,300,000 | 26.2% | 34.9% | 22 | 0 | 0 | 123,864 |
58 | Capri Gardens Owners Corp. | 0 | 480 | 479 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 29,195,000 | 5/17/2019 | 18,750,000 | 15.5% | 11.1% | 8 | 0 | 0 | (54,170) |
59 | Skylake Ranch Center | 36 | 360 | 360 | 0 | L(24),D(92),O(4) | 5 | 5 | 4,800,000 | 5/1/2019 | |||||||
60 | 44-14 Newtown Road Apartment Corporation | 0 | 360 | 358 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 42,300,000 | 3/28/2019 | 23,600,000 | 11.8% | 0.0% | 0 | 0 | 0 | |
61 | CVS Portfolio - Ashtabula & Pageland | 58 | 360 | 360 | 2 | L(26),D(89),O(5) | 0 | 0 | 4,100,000 | Various | |||||||
61.01 | CVS - Ashtabula | 2,825,000 | 4/19/2019 | ||||||||||||||
61.02 | CVS - Pageland | 1,275,000 | 4/25/2019 | ||||||||||||||
62 | Claridge House Owners Corp. | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 14,800,000 | 5/6/2019 | 16,600,000 | 15.4% | 77.4% | 48 | 0 | 0 | 661,674 |
63 | 11 Wooleys Lane Housing Corporation | 0 | 480 | 478 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 16,750,000 | 3/21/2019 | 18,200,000 | 13.4% | 0.0% | 0 | 0 | 0 | |
64 | Dorian Owners Inc. | 0 | 360 | 359 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 24,820,000 | 4/17/2019 | 15,140,000 | 14.8% | 10.9% | 6 | 0 | 0 | 21,094 |
65 | Oak Grove MHC | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 5 | 15 | 3,450,000 | 4/16/2019 | |||||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 0 | 360 | 359 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 24,615,000 | 5/6/2019 | 20,000,000 | 10.5% | 0.0% | 0 | 0 | 0 | |
67 | Taft Church Station | 0 | 360 | 359 | 1 | L(25),D(90),O(5) | 5 | 5 | 2,650,000 | 4/26/2019 | |||||||
68 | Bank of America - Cary, NC | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 | 0 | 3,110,000 | 4/11/2019 | |||||||
69 | Lynbrook 44 Apartment Owners, Inc. | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 11,700,000 | 5/3/2019 | 12,000,000 | 15.0% | 50.0% | 22 | 0 | 0 | 247,509 |
70 | 22 North Forest Avenue Corp. | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 11,600,000 | 5/6/2019 | 12,700,000 | 12.2% | 44.4% | 20 | 0 | 0 | 295,579 |
71 | Westview Equities, Inc. | 0 | 360 | 358 | 2 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 3,620,000 | 4/17/2019 | 3,400,000 | 44.0% | 9.1% | 0 | 0 | 2 | |
72 | Culpeper MHC Portfolio | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 4 | 5 | 2,220,000 | 6/8/2019 | |||||||
72.01 | Bailey’s MHC | 1,260,000 | 6/8/2019 | ||||||||||||||
72.02 | Lakeside MHC | 960,000 | 6/8/2019 | ||||||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 119 | 0 | 0 | 1 | GRTR 1% or YM(113),1%(3),O(4) | 10 | 10 | 13,325,000 | 5/6/2019 | 10,700,000 | 11.7% | 0.0% | 0 | 0 | 0 |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Coop - Committed Secondary Debt | U/W NOI DSCR (x)(5) | U/W NCF DSCR (x)(5) | Cut-off Date LTV Ratio(4)(5) | LTV Ratio at Maturity or ARD($)(4)(5) | Cut-off Date U/W NOI Debt Yield(5) | Cut-off Date U/W NCF Debt Yield(5) | U/W Revenues ($)(6) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate(7) | Occupancy as-of Date |
1 | Grand Canal Shoppes | 2.53 | 2.46 | 46.3% | 46.3% | 9.6% | 9.3% | 104,029,334 | 31,007,624 | 73,021,709 | 0 | 2,023,806 | 70,997,903 | 94.0% | 5/31/2019 | |
2 | Waterford Lakes Town Center | 1.46 | 1.43 | 66.8% | 54.9% | 9.3% | 9.1% | 22,242,309 | 5,591,686 | 16,650,623 | 138,253 | 224,267 | 16,288,103 | 98.9% | 2/1/2019 | |
3 | 350 Bush Street | 3.58 | 3.41 | 35.4% | 35.4% | 14.2% | 13.6% | 36,764,325 | 10,457,726 | 26,306,599 | 58,140 | 1,162,797 | 25,085,662 | 99.0% | 4/22/2019 | |
4 | 30 Hudson Yards | 3.45 | 3.44 | 50.9% | 50.9% | 10.9% | 10.9% | 164,291,079 | 42,267,893 | 122,023,186 | 292,647 | 0 | 121,730,539 | 100.0% | 8/1/2019 | |
5 | University Square | 1.97 | 1.78 | 73.7% | 66.7% | 11.0% | 10.0% | 12,737,624 | 4,806,203 | 7,931,421 | 66,374 | 690,294 | 7,174,753 | 85.5% | 3/20/2019 | |
6 | Nova Place | 2.26 | 2.17 | 70.0% | 70.0% | 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 | |
7 | 445 South Street | 2.47 | 2.24 | 67.0% | 67.0% | 10.4% | 9.4% | 8,854,669 | 3,290,192 | 5,564,477 | 64,055 | 448,384 | 5,052,039 | 93.1% | 5/31/2019 | |
8 | Newport Beach Marriott Bayview | 3.42 | 2.95 | 67.3% | 67.3% | 13.0% | 11.2% | 18,884,429 | 12,051,658 | 6,832,771 | 944,221 | 0 | 5,888,550 | 81.0% | 4/30/2019 | |
9 | Moffett Towers - Buildings 3 & 4 | 3.47 | 3.46 | 44.3% | 44.3% | 13.2% | 13.2% | 57,629,637 | 11,259,997 | 46,369,641 | 145,025 | 0 | 46,224,616 | 100.0% | 8/1/2019 | |
10 | The Alhambra | 2.54 | 2.36 | 65.1% | 65.1% | 10.9% | 10.1% | 28,316,825 | 11,975,737 | 16,341,088 | 232,973 | 931,891 | 15,176,225 | 89.6% | 4/23/2019 | |
11 | One Financial Plaza | 2.30 | 2.08 | 66.6% | 60.8% | 13.8% | 12.5% | 15,864,347 | 9,307,904 | 6,556,443 | 176,985 | 432,745 | 5,946,713 | 94.1% | 4/30/2019 | |
12 | 29 West 35th Street | 2.33 | 2.26 | 55.8% | 55.8% | 9.1% | 8.8% | 5,032,604 | 1,296,921 | 3,735,684 | 18,947 | 94,737 | 3,621,999 | 100.0% | 5/1/2019 | |
13 | Ford Factory | 1.86 | 1.81 | 57.0% | 57.0% | 8.5% | 8.3% | 17,663,180 | 6,155,726 | 11,507,454 | 64,257 | 257,028 | 11,186,169 | 100.0% | 8/1/2019 | |
14 | Marriott Downtown Orlando | 2.18 | 1.89 | 64.4% | 51.4% | 12.7% | 11.0% | 15,763,919 | 11,046,410 | 4,717,509 | 630,557 | 0 | 4,086,952 | 70.9% | 5/31/2019 | |
15 | 450-460 Park Avenue South | 3.12 | 2.98 | 36.6% | 36.6% | 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 | |
16 | Fairway Center I | 1.74 | 1.68 | 72.4% | 62.1% | 10.8% | 10.4% | 4,114,277 | 1,406,069 | 2,708,208 | 16,038 | 84,247 | 2,607,923 | 90.8% | 4/16/2019 | |
17 | Mark Twain Village | 1.98 | 1.80 | 73.4% | 63.7% | 11.5% | 10.5% | 3,358,760 | 920,342 | 2,438,418 | 61,273 | 153,102 | 2,224,043 | 98.1% | 4/30/2019 | |
18 | Woodpark Shopping Center | 1.89 | 1.67 | 69.7% | 63.3% | 10.8% | 9.6% | 2,623,238 | 769,125 | 1,854,113 | 23,336 | 188,328 | 1,642,449 | 100.0% | 3/25/2019 | |
19 | Little Rock Logistics Center | 1.72 | 1.58 | 74.7% | 60.8% | 10.7% | 9.8% | 2,141,312 | 483,651 | 1,657,661 | 50,608 | 90,081 | 1,516,972 | 100.0% | 4/30/2019 | |
20 | Eleven Seventeen Perimeter | 2.67 | 2.45 | 65.8% | 65.8% | 11.3% | 10.4% | 8,711,924 | 3,728,591 | 4,983,333 | 78,503 | 338,774 | 4,566,056 | 85.4% | 5/1/2019 | |
21 | Hampton Inn & Suites Hershey | 2.16 | 1.95 | 71.3% | 57.5% | 13.0% | 11.6% | 4,676,874 | 2,828,228 | 1,848,646 | 187,075 | 0 | 1,661,571 | 72.1% | 4/30/2019 | |
22 | Polo Towne Crossing SC | 1.50 | 1.44 | 65.9% | 60.2% | 9.0% | 8.7% | 3,819,157 | 1,092,006 | 2,727,151 | 14,248 | 89,602 | 2,623,300 | 94.4% | 4/25/2019 | |
23 | 420 East 72nd Street Tenants Corp. | 12.26 | 12.17 | 6.3% | 6.3% | 44.0% | 43.7% | 12,234,358 | 6,076,174 | 6,158,184 | 44,500 | 0 | 6,113,684 | 100.0% | 6/24/2019 | |
24 | Division Place | 1.68 | 1.58 | 74.9% | 60.5% | 10.2% | 9.6% | 2,072,050 | 807,217 | 1,264,833 | 12,041 | 60,204 | 1,192,588 | 90.6% | 6/17/2019 | |
25 | Homewood Suites Fayetteville | 4.17 | 3.81 | 54.8% | 54.8% | 16.3% | 14.9% | 4,035,971 | 2,159,957 | 1,876,014 | 161,439 | 0 | 1,714,575 | 82.7% | 4/30/2019 | |
26 | Brownsville Commercial Industrial Park | 2.18 | 2.01 | 70.0% | 59.3% | 12.8% | 11.8% | 1,892,198 | 549,466 | 1,342,732 | 40,000 | 64,000 | 1,238,732 | 100.0% | 4/9/2019 | |
27 | Courtyard Fayetteville Fort Bragg | 2.38 | 2.18 | 69.9% | 55.8% | 13.8% | 12.6% | 3,181,893 | 1,729,895 | 1,451,998 | 127,276 | 0 | 1,324,722 | 72.9% | 5/31/2019 | |
28 | Hampton Inn – Knightdale | 2.13 | 1.92 | 73.4% | 59.9% | 13.3% | 12.0% | 3,340,379 | 1,974,438 | 1,365,941 | 133,615 | 0 | 1,232,326 | 75.9% | 4/30/2019 | |
29 | 167 169 Canal Street | 2.10 | 1.93 | 59.5% | 59.5% | 8.9% | 8.2% | 1,269,956 | 381,260 | 888,696 | 3,325 | 65,558 | 819,813 | 100.0% | 6/1/2019 | |
30 | 215 East 58th St | 4.57 | 4.36 | 40.4% | 40.4% | 17.2% | 16.4% | 2,492,690 | 897,516 | 1,595,174 | 6,633 | 66,328 | 1,522,213 | 84.6% | 5/22/2019 | |
31 | Fillmore Crossing | 1.67 | 1.56 | 72.6% | 60.9% | 10.4% | 9.8% | 1,775,654 | 890,751 | 884,903 | 56,133 | 0 | 828,770 | 91.5% | 4/3/2019 | |
32 | Courage Drive | 2.15 | 2.05 | 60.8% | 60.8% | 9.0% | 8.5% | 984,351 | 229,407 | 754,944 | 10,800 | 27,000 | 717,144 | 100.0% | 5/17/2019 | |
33 | Landmark Woods & Basswood Apartments | 1.92 | 1.84 | 69.3% | 62.9% | 11.0% | 10.5% | 1,532,494 | 622,661 | 909,833 | 40,000 | 0 | 869,833 | Various | 3/29/2019 | |
33.01 | Landmark Woods Apartments | 927,277 | 410,456 | 516,821 | 26,000 | 0 | 490,821 | 91.3% | 3/29/2019 | |||||||
33.02 | Basswood Apartments | 605,217 | 212,204 | 393,012 | 14,000 | 0 | 379,012 | 96.4% | 3/29/2019 | |||||||
34 | Aero Owners, Inc. | 500,000 | 6.40 | 6.21 | 9.4% | 8.3% | 32.5% | 31.6% | 5,514,068 | 2,990,523 | 2,523,545 | 72,200 | 0 | 2,451,345 | 95.0% | 4/9/2019 |
35 | Temple Terrace Plaza | 1.89 | 1.78 | 75.0% | 63.6% | 11.2% | 10.5% | 1,231,795 | 378,469 | 853,325 | 8,716 | 42,149 | 802,460 | 94.8% | 3/26/2019 | |
36 | Albertsons Baton Rouge | 1.70 | 1.60 | 62.4% | 50.9% | 10.6% | 10.0% | 837,326 | 25,120 | 812,207 | 9,956 | 37,169 | 765,081 | 100.0% | 8/1/2019 | |
37 | 200 Diplomat Drive Corporation | 500,000 | 5.58 | 5.39 | 18.0% | 14.3% | 31.3% | 30.2% | 4,677,150 | 2,337,465 | 2,339,685 | 79,100 | 0 | 2,260,585 | 94.0% | 4/19/2019 |
38 | Glacier Village | 2.15 | 2.04 | 74.3% | 65.4% | 13.4% | 12.7% | 1,352,856 | 395,427 | 957,429 | 19,424 | 31,139 | 906,866 | 100.0% | 4/12/2019 | |
39 | 6440 Grand Avenue | 1.96 | 1.89 | 64.1% | 64.1% | 9.2% | 8.9% | 794,002 | 154,561 | 639,441 | 2,335 | 23,346 | 613,761 | 100.0% | 4/9/2019 | |
40 | Cal Brazing HQ | 2.48 | 2.38 | 61.0% | 61.0% | 10.2% | 9.8% | 885,798 | 235,957 | 649,841 | 4,356 | 20,352 | 625,133 | 100.0% | 8/1/2019 | |
41 | Mira Este Business Park | 2.13 | 1.90 | 62.9% | 62.9% | 9.7% | 8.7% | 928,097 | 325,349 | 602,748 | 12,860 | 51,550 | 538,338 | 86.5% | 7/1/2019 | |
42 | Coronet Owners, Inc. | 1,000,000 | 6.15 | 6.03 | 11.7% | 9.7% | 33.5% | 32.9% | 3,463,180 | 1,410,945 | 2,052,235 | 39,750 | 0 | 2,012,485 | 95.1% | 5/15/2019 |
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 4,000,000 | 28.81 | 28.61 | 3.3% | 3.3% | 114.8% | 114.0% | 10,163,812 | 3,273,627 | 6,890,185 | 49,900 | 0 | 6,840,285 | 94.8% | 4/11/2019 |
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 500,000 | 4.93 | 4.83 | 14.0% | 11.0% | 26.7% | 26.2% | 3,077,922 | 1,475,726 | 1,602,196 | 33,300 | 0 | 1,568,896 | 95.2% | 5/21/2019 |
45 | Evergreen Owners, Inc. | 500,000 | 2.83 | 2.75 | 20.7% | 18.3% | 14.3% | 14.0% | 1,708,164 | 886,093 | 822,071 | 20,800 | 0 | 801,271 | 95.4% | 4/11/2019 |
46 | 333 East Broadway Owners Corp. | 500,000 | 4.30 | 4.21 | 20.8% | 18.4% | 21.4% | 21.0% | 1,860,712 | 714,439 | 1,146,273 | 21,900 | 0 | 1,124,373 | 95.1% | 4/15/2019 |
47 | Pacific Coast Plaza | 3.83 | 3.61 | 29.6% | 29.6% | 15.3% | 14.4% | 1,069,967 | 303,010 | 766,957 | 7,503 | 37,479 | 721,974 | 100.0% | 5/15/2019 | |
48 | Days Inn Sarasota | 2.87 | 2.58 | 69.9% | 57.2% | 18.1% | 16.3% | 2,208,253 | 1,334,248 | 874,005 | 88,330 | 0 | 785,675 | 79.3% | 4/30/2019 | |
49 | Citysquare Shopping Center | 1.71 | 1.60 | 66.7% | 54.1% | 10.5% | 9.8% | 687,058 | 182,562 | 504,496 | 7,412 | 23,991 | 473,093 | 100.0% | 5/16/2019 | |
50 | Spruce Tower Owners Corp. | 7.09 | 6.98 | 19.2% | 19.2% | 28.3% | 27.9% | 1,660,341 | 527,359 | 1,132,982 | 17,800 | 0 | 1,115,182 | 95.1% | 5/3/2019 | |
51 | Carriage Owners Corp. | 7.12 | 7.01 | 17.2% | 15.1% | 35.4% | 34.8% | 2,245,435 | 831,944 | 1,413,491 | 21,200 | 0 | 1,392,291 | 95.0% | 5/6/2019 | |
52 | DuPont Office Center | 3.56 | 3.02 | 62.3% | 62.3% | 15.0% | 12.7% | 1,072,203 | 503,283 | 568,920 | 15,836 | 69,276 | 483,808 | 86.1% | 6/5/2019 | |
53 | 7210 Owners Corp. | 500,000 | 4.51 | 4.41 | 14.7% | 12.8% | 21.8% | 21.3% | 1,695,262 | 891,636 | 803,626 | 18,200 | 0 | 785,426 | 95.1% | 4/16/2019 |
54 | Sansing at Oxford Commons | 1.73 | 1.65 | 71.3% | 65.2% | 10.5% | 10.0% | 468,598 | 92,580 | 376,018 | 2,381 | 15,871 | 357,766 | 100.0% | 5/30/2019 | |
55 | 45 Kew Gardens Owners Inc. | 500,000 | 8.80 | 8.65 | 12.2% | 12.2% | 32.8% | 32.3% | 2,020,367 | 871,541 | 1,148,826 | 19,200 | 0 | 1,129,626 | 95.0% | 5/14/2019 |
56 | Hawthorne Gardens Realty Corp. | 500,000 | 6.33 | 6.21 | 14.5% | 11.6% | 36.3% | 35.6% | 2,061,723 | 822,665 | 1,239,058 | 24,600 | 0 | 1,214,458 | 94.2% | 4/12/2019 |
57 | Maple Court Apartments, Inc. | 500,000 | 4.03 | 3.93 | 13.2% | 11.7% | 20.5% | 20.1% | 1,329,040 | 667,410 | 661,630 | 16,000 | 0 | 645,630 | 95.0% | 4/22/2019 |
58 | Capri Gardens Owners Corp. | 500,000 | 7.23 | 7.08 | 9.9% | 8.7% | 34.8% | 34.0% | 1,843,809 | 836,520 | 1,007,289 | 21,900 | 0 | 985,389 | 95.0% | 5/17/2019 |
59 | Skylake Ranch Center | 1.60 | 1.52 | 60.3% | 53.2% | 10.2% | 9.6% | 347,803 | 53,635 | 294,168 | 1,230 | 13,612 | 279,326 | 100.0% | 6/1/2019 | |
60 | 44-14 Newtown Road Apartment Corporation | 500,000 | 7.92 | 7.79 | 6.6% | 5.2% | 45.1% | 44.4% | 2,234,496 | 975,381 | 1,259,115 | 20,100 | 0 | 1,239,015 | 96.0% | 3/28/2019 |
61 | CVS Portfolio - Ashtabula & Pageland | 1.42 | 1.41 | 62.9% | 57.7% | 8.8% | 8.7% | 228,435 | 2,284 | 226,151 | 2,018 | 0 | 224,133 | 100.0% | 8/1/2019 | |
61.01 | CVS - Ashtabula | 157,625 | 1,576 | 156,049 | 1,013 | 0 | 155,036 | 100.0% | 8/1/2019 | |||||||
61.02 | CVS - Pageland | 70,810 | 708 | 70,102 | 1,006 | 0 | 69,096 | 100.0% | 8/1/2019 | |||||||
62 | Claridge House Owners Corp. | 9.10 | 8.96 | 17.2% | 17.2% | 36.4% | 35.8% | 1,535,084 | 607,505 | 927,579 | 14,800 | 0 | 912,779 | 95.0% | 5/6/2019 | |
63 | 11 Wooleys Lane Housing Corporation | 250,000 | 9.96 | 9.77 | 14.6% | 12.9% | 49.3% | 48.4% | 1,840,340 | 634,198 | 1,206,142 | 23,200 | 0 | 1,182,942 | 95.0% | 3/21/2019 |
64 | Dorian Owners Inc. | 500,000 | 6.64 | 6.51 | 9.1% | 7.1% | 36.1% | 35.4% | 1,384,134 | 572,611 | 811,523 | 16,800 | 0 | 794,723 | 95.0% | 4/17/2019 |
65 | Oak Grove MHC | 2.76 | 2.70 | 63.8% | 63.8% | 11.0% | 10.7% | 293,185 | 51,752 | 241,433 | 5,350 | 0 | 236,083 | 84.1% | 4/30/2019 | |
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 7.76 | 7.67 | 8.5% | 6.7% | 43.4% | 42.9% | 1,284,125 | 373,059 | 911,066 | 10,500 | 0 | 900,566 | 97.0% | 5/6/2019 | |
67 | Taft Church Station | 1.92 | 1.74 | 74.2% | 60.9% | 12.2% | 11.1% | 283,116 | 42,520 | 240,596 | 3,740 | 19,261 | 217,595 | 93.0% | 3/7/2019 | |
68 | Bank of America - Cary, NC | 1.64 | 1.64 | 61.1% | 61.1% | 8.2% | 8.2% | 161,499 | 6,415 | 155,084 | 0 | 0 | 155,084 | 100.0% | 8/1/2019 | |
69 | Lynbrook 44 Apartment Owners, Inc. | 9.39 | 9.20 | 15.4% | 15.4% | 37.5% | 36.8% | 1,142,285 | 467,153 | 675,132 | 13,200 | 0 | 661,932 | 95.1% | 5/3/2019 | |
70 | 22 North Forest Avenue Corp. | 11.52 | 11.32 | 13.4% | 13.4% | 46.0% | 45.2% | 1,136,124 | 422,887 | 713,237 | 12,100 | 0 | 701,137 | 95.0% | 5/6/2019 | |
71 | Westview Equities, Inc. | 2.48 | 2.41 | 41.3% | 32.8% | 14.1% | 13.6% | 433,649 | 222,932 | 210,717 | 6,600 | 0 | 204,117 | 94.0% | 4/17/2019 | |
72 | Culpeper MHC Portfolio | 1.87 | 1.83 | 63.0% | 51.6% | 11.8% | 11.6% | 245,214 | 79,675 | 165,539 | 3,250 | 0 | 162,289 | 100.0% | 5/31/2019 | |
72.01 | Bailey’s MHC | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 5/31/2019 | |||||||
72.02 | Lakeside MHC | NAP | NAP | NAP | NAP | NAP | NAP | 100.0% | 5/31/2019 | |||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 300,000 | 8.06 | 8.03 | 9.4% | 9.4% | 32.1% | 32.0% | 610,850 | 209,227 | 401,623 | 1,500 | 0 | 400,123 | 95.0% | 5/6/2019 |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period | Most Recent Revenues ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Capital Expenditures | Most Recent NCF ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period | Second Most Recent Revenues ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) |
1 | Grand Canal Shoppes | TTM 3/31/2019 | 102,473,435 | 31,007,624 | 71,465,811 | 0 | 71,465,811 | Actual 2018 | 103,110,653 | 31,784,180 | 71,326,473 | ||||
2 | Waterford Lakes Town Center | TTM 2/28/2019 | 22,800,326 | 5,141,490 | 17,658,836 | 0 | 17,658,836 | Actual 2018 | 22,900,956 | 5,119,093 | 17,781,863 | ||||
3 | 350 Bush Street | Actual 2018 | 12,190,528 | 5,287,770 | 6,902,758 | 0 | 6,902,758 | NAV | NAV | NAV | NAV | ||||
4 | 30 Hudson Yards | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
5 | University Square | TTM 3/31/2019 | 12,233,590 | 4,489,439 | 7,744,151 | 0 | 7,744,151 | Actual 2018 | 12,603,813 | 4,572,560 | 8,031,253 | ||||
6 | Nova Place | Actual 2018 | 18,069,182 | 8,034,151 | 10,035,031 | 0 | 10,035,031 | Actual 2017 | 16,115,171 | 7,083,953 | 9,031,218 | ||||
7 | 445 South Street | TTM 4/30/2019 | 8,143,468 | 3,359,039 | 4,784,429 | 0 | 4,784,429 | Actual 2018 | 7,736,048 | 3,021,492 | 4,714,556 | ||||
8 | Newport Beach Marriott Bayview | 188 | 152 | TTM 4/30/2019 | 18,884,429 | 11,433,718 | 7,450,711 | 940,878 | 6,509,833 | 188 | 152 | Actual 2018 | 19,043,315 | 11,569,888 | 7,473,427 |
9 | Moffett Towers - Buildings 3 & 4 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
10 | The Alhambra | Actual 2018 | 24,409,301 | 10,688,684 | 13,720,618 | 0 | 13,720,618 | Actual 2017 | 21,031,902 | 11,378,985 | 9,652,918 | ||||
11 | One Financial Plaza | TTM 2/28/2019 | 12,221,492 | 9,110,416 | 3,111,076 | 0 | 3,111,076 | Actual 2018 | 12,099,330 | 8,955,246 | 3,144,084 | ||||
12 | 29 West 35th Street | TTM 3/31/2019 | 3,705,245 | 1,102,338 | 2,602,908 | 0 | 2,602,908 | Actual 2018 | 3,778,708 | 1,100,256 | 2,678,452 | ||||
13 | Ford Factory | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
14 | Marriott Downtown Orlando | 148 | 105 | TTM 5/31/2019 | 15,727,919 | 10,878,402 | 4,849,517 | 629,116 | 4,220,401 | 148 | 105 | Actual 2018 | 14,226,363 | 10,495,852 | 3,730,511 |
15 | 450-460 Park Avenue South | Actual 2018 | 5,741,954 | 3,288,436 | 2,453,518 | 0 | 2,453,518 | Actual 2017 | 7,792,369 | 3,928,265 | 3,864,104 | ||||
16 | Fairway Center I | Actual 2018 | 3,398,669 | 1,350,946 | 2,047,722 | 0 | 2,047,722 | Actual 2017 | 3,426,317 | 1,303,261 | 2,123,055 | ||||
17 | Mark Twain Village | Actual 2018 | 3,293,017 | 973,385 | 2,319,632 | 0 | 2,319,632 | Actual 2017 | 3,081,273 | 1,007,354 | 2,073,919 | ||||
18 | Woodpark Shopping Center | TTM 3/31/2019 | 2,677,395 | 761,311 | 1,916,084 | 0 | 1,916,084 | Actual 2018 | 2,640,313 | 737,798 | 1,902,515 | ||||
19 | Little Rock Logistics Center | Actual 2018 | 1,824,564 | 399,667 | 1,424,897 | 0 | 1,424,897 | Actual 2017 | 1,579,141 | 347,476 | 1,231,665 | ||||
20 | Eleven Seventeen Perimeter | TTM 3/31/2019 | 7,508,947 | 3,623,969 | 3,884,977 | 0 | 3,884,977 | Actual 2018 | 7,449,250 | 3,445,156 | 4,004,094 | ||||
21 | Hampton Inn & Suites Hershey | 160 | 115 | TTM 4/30/2019 | 4,676,874 | 2,796,678 | 1,880,196 | 0 | 1,880,196 | 160 | 115 | Actual 2018 | 4,679,141 | 2,770,241 | 1,908,900 |
22 | Polo Towne Crossing SC | Actual 2018 | 3,318,836 | 942,979 | 2,375,857 | 0 | 2,375,857 | Actual 2017 | 3,332,061 | 870,014 | 2,462,047 | ||||
23 | 420 East 72nd Street Tenants Corp. | ||||||||||||||
24 | Division Place | Annualized 5 5/31/2019 | 2,397,674 | 771,258 | 1,626,417 | 0 | 1,626,417 | Actual 2018 | 2,064,577 | 865,151 | 1,199,426 | ||||
25 | Homewood Suites Fayetteville | 119 | 98 | TTM 4/30/2019 | 4,035,971 | 2,238,417 | 1,797,554 | 161,439 | 1,636,115 | 119 | 98 | ||||
26 | Brownsville Commercial Industrial Park | Actual 2018 | 1,679,164 | 493,162 | 1,186,002 | 0 | 1,186,002 | Actual 2017 | 1,388,706 | 527,304 | 861,402 | ||||
27 | Courtyard Fayetteville Fort Bragg | 112 | 81 | TTM 5/31/2019 | 3,181,893 | 1,732,994 | 1,448,899 | 127,276 | 1,321,623 | 107 | 77 | Actual 2018 | 3,022,834 | 1,664,223 | 1,358,611 |
28 | Hampton Inn – Knightdale | 108 | 82 | TTM 4/30/2019 | 3,340,379 | 1,940,537 | 1,399,842 | 0 | 1,399,842 | 108 | 82 | Actual 2018 | 2,989,877 | 1,806,148 | 1,183,728 |
29 | 167 169 Canal Street | Actual 2018 | 1,098,592 | 324,901 | 773,691 | 0 | 773,691 | Actual 2017 | 1,141,679 | 360,740 | 780,939 | ||||
30 | 215 East 58th St | TTM 4/30/2019 | 2,040,116 | 887,866 | 1,152,250 | 0 | 1,152,250 | Actual 2018 | 1,968,285 | 875,607 | 1,092,678 | ||||
31 | Fillmore Crossing | TTM 3/31/2019 | 1,647,354 | 885,418 | 761,936 | 0 | 761,936 | Actual 2018 | 1,635,770 | 871,747 | 764,023 | ||||
32 | Courage Drive | TTM 3/31/2019 | 1,000,706 | 252,827 | 747,879 | 0 | 747,879 | Actual 2018 | 998,475 | 250,961 | 747,514 | ||||
33 | Landmark Woods & Basswood Apartments | TTM 3/31/2019 | 1,505,577 | 734,521 | 771,056 | 0 | 771,056 | Actual 2018 | 1,481,785 | 679,054 | 802,731 | ||||
33.01 | Landmark Woods Apartments | TTM 3/31/2019 | 913,487 | 476,807 | 436,680 | 0 | 436,680 | Actual 2018 | 902,129 | 461,823 | 440,306 | ||||
33.02 | Basswood Apartments | TTM 3/31/2019 | 592,090 | 257,714 | 334,376 | 0 | 334,376 | Actual 2018 | 579,656 | 217,231 | 362,425 | ||||
34 | Aero Owners, Inc. | ||||||||||||||
35 | Temple Terrace Plaza | TTM 4/30/2019 | 1,321,356 | 438,001 | 883,355 | 0 | 883,355 | Actual 2018 | 1,302,966 | 447,329 | 855,637 | ||||
36 | Albertsons Baton Rouge | TTM 3/31/2019 | 854,954 | 0 | 854,954 | 0 | 854,954 | Actual 2018 | 854,954 | 0 | 854,954 | ||||
37 | 200 Diplomat Drive Corporation | ||||||||||||||
38 | Glacier Village | Actual 2018 | 1,451,949 | 313,566 | 1,138,383 | 0 | 1,138,383 | Actual 2017 | 1,341,505 | 254,725 | 1,086,780 | ||||
39 | 6440 Grand Avenue | ||||||||||||||
40 | Cal Brazing HQ | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
41 | Mira Este Business Park | Actual 2018 | 920,014 | 258,705 | 661,309 | 0 | 661,309 | Actual 2017 | 842,896 | 243,071 | 599,825 | ||||
42 | Coronet Owners, Inc. | ||||||||||||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | ||||||||||||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | ||||||||||||||
45 | Evergreen Owners, Inc. | ||||||||||||||
46 | 333 East Broadway Owners Corp. | ||||||||||||||
47 | Pacific Coast Plaza | ||||||||||||||
48 | Days Inn Sarasota | 79 | 62 | TTM 4/30/2019 | 2,208,253 | 1,215,993 | 992,260 | 0 | 992,260 | 79 | 62 | Actual 2018 | 2,274,459 | 1,249,653 | 1,024,806 |
49 | Citysquare Shopping Center | Annualized 10 4/30/2019 | 684,949 | 0 | 684,949 | 0 | 684,949 | NAV | NAV | NAV | NAV | ||||
50 | Spruce Tower Owners Corp. | ||||||||||||||
51 | Carriage Owners Corp. | ||||||||||||||
52 | DuPont Office Center | Actual 2018 | 956,317 | 455,575 | 500,742 | 0 | 500,742 | Actual 2017 | 937,461 | 473,327 | 464,134 | ||||
53 | 7210 Owners Corp. | ||||||||||||||
54 | Sansing at Oxford Commons | 0 | |||||||||||||
55 | 45 Kew Gardens Owners Inc. | ||||||||||||||
56 | Hawthorne Gardens Realty Corp. | ||||||||||||||
57 | Maple Court Apartments, Inc. | ||||||||||||||
58 | Capri Gardens Owners Corp. | ||||||||||||||
59 | Skylake Ranch Center | ||||||||||||||
60 | 44-14 Newtown Road Apartment Corporation | ||||||||||||||
61 | CVS Portfolio - Ashtabula & Pageland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
61.01 | CVS - Ashtabula | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
61.02 | CVS - Pageland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
62 | Claridge House Owners Corp. | ||||||||||||||
63 | 11 Wooleys Lane Housing Corporation | ||||||||||||||
64 | Dorian Owners Inc. | ||||||||||||||
65 | Oak Grove MHC | TTM 3/31/2019 | 277,895 | 47,320 | 230,575 | 0 | 230,575 | Actual 2018 | 279,768 | 48,480 | 231,288 | ||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | ||||||||||||||
67 | Taft Church Station | Actual 2018 | 264,794 | 43,574 | 221,221 | 0 | 221,221 | Actual 2017 | 262,965 | 30,627 | 232,338 | ||||
68 | Bank of America - Cary, NC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
69 | Lynbrook 44 Apartment Owners, Inc. | ||||||||||||||
70 | 22 North Forest Avenue Corp. | ||||||||||||||
71 | Westview Equities, Inc. | ||||||||||||||
72 | Culpeper MHC Portfolio | TTM 5/31/2019 | 278,645 | 83,120 | 195,525 | 0 | 195,525 | Actual 2018 | 264,834 | 85,485 | 179,349 | ||||
72.01 | Bailey’s MHC | ||||||||||||||
72.02 | Lakeside MHC | ||||||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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 ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Capital Expenditures | Third Most Recent NCF ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name(4)(7)(8)(9)(10) |
1 | Grand Canal Shoppes | 0 | 71,326,473 | Actual 2017 | 107,586,327 | 33,160,381 | 74,425,947 | 0 | 74,425,947 | N | Venetian Casino Resort | ||||
2 | Waterford Lakes Town Center | 0 | 17,781,863 | Actual 2017 | 22,212,559 | 4,830,141 | 17,382,418 | 0 | 17,382,418 | N | Regal Cinema | ||||
3 | 350 Bush Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | Twitch | ||||
4 | 30 Hudson Yards | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | WarnerMedia | ||||
5 | University Square | 0 | 8,031,253 | Actual 2017 | 13,804,046 | 4,652,775 | 9,151,272 | 0 | 9,151,272 | N | Blackrock, Inc. | ||||
6 | Nova Place | 0 | 9,031,218 | Actual 2016 | 13,396,542 | 5,677,218 | 7,719,324 | 0 | 7,719,324 | N | PNC Financial Services | ||||
7 | 445 South Street | 0 | 4,714,556 | Actual 2017 | 8,203,518 | 3,174,804 | 5,028,714 | 0 | 5,028,714 | N | Covanta | ||||
8 | Newport Beach Marriott Bayview | 949,706 | 6,523,721 | 186 | 154 | Actual 2017 | 18,417,379 | 11,151,662 | 7,265,717 | 918,607 | 6,347,110 | 184 | 152 | N | |
9 | Moffett Towers - Buildings 3 & 4 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | |||||
10 | The Alhambra | 0 | 9,652,918 | Actual 2016 | 19,131,802 | 10,648,423 | 8,483,379 | 0 | 8,483,379 | N | USC | ||||
11 | One Financial Plaza | 0 | 3,144,084 | Actual 2017 | 13,199,374 | 8,825,683 | 4,373,691 | 0 | 4,373,691 | N | Travelers Indemnity Company | ||||
12 | 29 West 35th Street | 0 | 2,678,452 | Actual 2017 | 4,316,584 | 963,955 | 3,352,629 | 0 | 3,352,629 | N | Knotel | ||||
13 | Ford Factory | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | WMG Acquisition Corp | ||||
14 | Marriott Downtown Orlando | 569,056 | 3,161,455 | 149 | 95 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | |
15 | 450-460 Park Avenue South | 0 | 3,864,104 | Actual 2016 | 8,458,306 | 3,518,821 | 4,939,485 | 0 | 4,939,485 | N | WeWork | ||||
16 | Fairway Center I | 0 | 2,123,055 | Actual 2016 | 3,471,059 | 1,263,578 | 2,207,481 | 0 | 2,207,481 | N | Nationwide Mutual Insurance Co | ||||
17 | Mark Twain Village | 0 | 2,073,919 | Actual 2016 | 3,204,206 | 920,703 | 2,283,503 | 0 | 2,283,503 | N | Bass Pro Shop | ||||
18 | Woodpark Shopping Center | 0 | 1,902,515 | Actual 2017 | 2,476,783 | 661,604 | 1,815,179 | 0 | 1,815,179 | N | Golf Galaxy | ||||
19 | Little Rock Logistics Center | 0 | 1,231,665 | Actual 2016 | 1,556,729 | 291,965 | 1,264,764 | 0 | 1,264,764 | N | Leisure Arts, Inc. | ||||
20 | Eleven Seventeen Perimeter | 0 | 4,004,094 | Actual 2017 | 7,607,469 | 3,321,982 | 4,285,488 | 0 | 4,285,488 | N | Sedgwick Claims Management Services, Inc. | ||||
21 | Hampton Inn & Suites Hershey | 37,776 | 1,871,124 | 162 | 115 | Actual 2017 | 4,575,806 | 2,674,837 | 1,900,969 | 275,916 | 1,625,053 | 158 | 113 | N | |
22 | Polo Towne Crossing SC | 0 | 2,462,047 | 0 | N | Lasik Plus | |||||||||
23 | 420 East 72nd Street Tenants Corp. | N | |||||||||||||
24 | Division Place | 0 | 1,199,426 | Actual 2017 | 1,816,586 | 839,659 | 976,927 | 0 | 976,927 | N | TJ Maxx | ||||
25 | Homewood Suites Fayetteville | N | |||||||||||||
26 | Brownsville Commercial Industrial Park | 0 | 861,402 | Actual 2016 | 1,406,042 | 518,819 | 887,222 | 0 | 887,222 | N | Inteva | ||||
27 | Courtyard Fayetteville Fort Bragg | 120,913 | 1,237,698 | 107 | 77 | Actual 2017 | 2,182,411 | 1,380,771 | 801,640 | 87,296 | 714,344 | 116 | 55 | N | |
28 | Hampton Inn – Knightdale | 0 | 1,183,728 | 109 | 73 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | |
29 | 167 169 Canal Street | 0 | 780,939 | Actual 2016 | 876,292 | 370,775 | 505,517 | 0 | 505,517 | N | Amadeo LLC | ||||
30 | 215 East 58th St | 0 | 1,092,678 | Actual 2017 | 1,995,816 | 899,033 | 1,096,783 | 0 | 1,096,783 | N | Waterworks Operating Co., LLC | ||||
31 | Fillmore Crossing | 0 | 764,023 | Actual 2017 | 1,527,919 | 825,603 | 702,316 | 0 | 702,316 | N | |||||
32 | Courage Drive | 0 | 747,514 | Actual 2017 | 991,740 | 245,630 | 746,110 | 0 | 746,110 | N | Elliott Turbo | ||||
33 | Landmark Woods & Basswood Apartments | 0 | 802,731 | Actual 2017 | 1,462,639 | 625,894 | 836,745 | 0 | 836,745 | N | |||||
33.01 | Landmark Woods Apartments | 0 | 440,306 | Actual 2017 | 896,659 | 417,353 | 479,306 | 0 | 479,306 | N | |||||
33.02 | Basswood Apartments | 0 | 362,425 | Actual 2017 | 565,980 | 208,541 | 357,439 | 0 | 357,439 | N | |||||
34 | Aero Owners, Inc. | ||||||||||||||
35 | Temple Terrace Plaza | 0 | 855,637 | Actual 2017 | 1,406,774 | 426,483 | 980,291 | 0 | 980,291 | N | Winn Dixie | ||||
36 | Albertsons Baton Rouge | 0 | 854,954 | Actual 2017 | 854,954 | 0 | 854,954 | 0 | 854,954 | Y | Albertson’s | ||||
37 | 200 Diplomat Drive Corporation | ||||||||||||||
38 | Glacier Village | 0 | 1,086,780 | Actual 2016 | 1,350,999 | 231,808 | 1,119,191 | 0 | 1,119,191 | N | Salmon Creek 4 (Salmon Creek Mall) | ||||
39 | 6440 Grand Avenue | N | Xfinity Retail | ||||||||||||
40 | Cal Brazing HQ | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | Nevada Heat Transfer LLC | ||||
41 | Mira Este Business Park | 0 | 599,825 | Actual 2016 | 833,471 | 244,372 | 589,099 | 0 | 589,099 | N | Shirtwholesaler.com | ||||
42 | Coronet Owners, Inc. | ||||||||||||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | ||||||||||||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | ||||||||||||||
45 | Evergreen Owners, Inc. | ||||||||||||||
46 | 333 East Broadway Owners Corp. | ||||||||||||||
47 | Pacific Coast Plaza | N | Mimi’s (Ground Lease) | ||||||||||||
48 | Days Inn Sarasota | 0 | 1,024,806 | 79 | 64 | Actual 2017 | 2,328,985 | 1,220,673 | 1,108,312 | 0 | 1,108,312 | 76 | 66 | N | |
49 | Citysquare Shopping Center | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | Smart & Final | ||||
50 | Spruce Tower Owners Corp. | ||||||||||||||
51 | Carriage Owners Corp. | ||||||||||||||
52 | DuPont Office Center | 0 | 464,134 | Actual 2016 | 943,215 | 426,750 | 516,465 | 19,541 | 496,924 | N | Dublin Ward & Dewald, Inc. | ||||
53 | 7210 Owners Corp. | ||||||||||||||
54 | Sansing at Oxford Commons | N | Dr. Lyndsay R. Shipp | ||||||||||||
55 | 45 Kew Gardens Owners Inc. | ||||||||||||||
56 | Hawthorne Gardens Realty Corp. | ||||||||||||||
57 | Maple Court Apartments, Inc. | ||||||||||||||
58 | Capri Gardens Owners Corp. | ||||||||||||||
59 | Skylake Ranch Center | N | Shine Orthodontics | ||||||||||||
60 | 44-14 Newtown Road Apartment Corporation | ||||||||||||||
61 | CVS Portfolio - Ashtabula & Pageland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | CVS Pharmacy | ||||
61.01 | CVS - Ashtabula | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | CVS Pharmacy | ||||
61.02 | CVS - Pageland | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | CVS Pharmacy | ||||
62 | Claridge House Owners Corp. | ||||||||||||||
63 | 11 Wooleys Lane Housing Corporation | ||||||||||||||
64 | Dorian Owners Inc. | ||||||||||||||
65 | Oak Grove MHC | 0 | 231,288 | Actual 2017 | 281,834 | 39,964 | 241,870 | 0 | 241,870 | N | |||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | ||||||||||||||
67 | Taft Church Station | 0 | 232,338 | Actual 2016 | 242,675 | 35,758 | 206,917 | 0 | 206,917 | N | Total Renal Care, Inc. | ||||
68 | Bank of America - Cary, NC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | Bank of America | ||||
69 | Lynbrook 44 Apartment Owners, Inc. | ||||||||||||||
70 | 22 North Forest Avenue Corp. | ||||||||||||||
71 | Westview Equities, Inc. | ||||||||||||||
72 | Culpeper MHC Portfolio | 0 | 179,349 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | |||
72.01 | Bailey’s MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | |||||
72.02 | Lakeside MHC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | N | |||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Largest Tenant Sq. Ft.(8) | Largest Tenant % of NRA | Largest Tenant Exp. Date | 2nd Largest Tenant Name(4)(7)(9)(10) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date | 3rd Largest Tenant Name(7)(10) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date | 4th Largest Tenant Name(7)(8)(9)(10) |
1 | Grand Canal Shoppes | 42,185 | 5.6% | 7/31/2025 | The Venetian Resort (Showroom / Theater) | 38,920 | 5.1% | 5/31/2029 | Madame Tussaud Las Vegas | 28,235 | 3.7% | 7/31/2024 | Regis Galerie |
2 | Waterford Lakes Town Center | 86,231 | 12.5% | 1/31/2020 | Best Buy | 46,094 | 6.7% | 1/31/2021 | Jo-Ann Fabrics | 35,000 | 5.1% | 1/31/2024 | Bed Bath & Beyond |
3 | 350 Bush Street | 185,510 | 47.9% | 5/31/2028 | Atlassian | 145,215 | 37.5% | 9/30/2029 | Publicis | 52,879 | 13.6% | 1/31/2029 | |
4 | 30 Hudson Yards | 1,463,234 | 100.0% | 6/30/2034 | |||||||||
5 | University Square | 209,799 | 63.2% | 9/30/2028 | Axis Reinsurance Company | 35,684 | 10.8% | 9/30/2020 | Mercer (US) Inc. | 34,537 | 10.4% | 4/30/2021 | |
6 | Nova Place | 395,657 | 34.6% | 12/31/2027 | Expedient / Continental Broadband | 73,000 | 6.4% | 9/30/2029 | United Healthcare Services, Inc. | 71,500 | 6.3% | 6/30/2024 | Confluence Technologies, Inc. |
7 | 445 South Street | 108,252 | 33.8% | 10/31/2025 | The Travelers Indemnity Comp | 80,642 | 25.2% | 1/31/2023 | Marsh USA | 54,376 | 17.0% | 8/31/2021 | Arch Reinsurance Company |
8 | Newport Beach Marriott Bayview | ||||||||||||
9 | Moffett Towers - Buildings 3 & 4 | 701,266 | 100.0% | 5/31/2034 | |||||||||
10 | The Alhambra | 137,334 | 14.7% | 8/31/2020 | ELARC | 114,448 | 12.3% | 7/31/2026 | CLA - Public Health | 109,882 | 11.8% | 12/11/2025 | CLA - Health Finance |
11 | One Financial Plaza | 200,971 | 32.3% | 12/31/2024 | Virtus Investment Partners, Inc. | 64,598 | 10.4% | 4/30/2029 | Barings LLC | 47,240 | 7.6% | 1/31/2023 | Conning & Company |
12 | 29 West 35th Street | 39,000 | 41.2% | 9/30/2029 | Sprinklr, Inc. | 32,800 | 34.6% | 12/31/2020 | Healthmatters Communications, | 7,150 | 7.5% | 9/8/2021 | Street Smart Designs Inc. & Mark Cross Leather |
13 | Ford Factory | 257,028 | 100.0% | 4/30/2030 | |||||||||
14 | Marriott Downtown Orlando | ||||||||||||
15 | 450-460 Park Avenue South | 76,373 | 41.8% | 8/31/2034 | Deep Focus | 23,400 | 12.8% | 8/31/2020 | Fusion Learning Inc. | 14,070 | 7.7% | 6/20/2023 | Mphasis Corporation |
16 | Fairway Center I | 76,046 | 52.2% | 11/30/2023 | Farmers Insurance Exchange | 23,560 | 16.2% | 1/31/2024 | Unire Real Estate Group | 14,255 | 9.8% | 12/31/2019 | Walgreen Co. |
17 | Mark Twain Village | 105,092 | 34.3% | 8/21/2031 | Gordmans | 76,441 | 25.0% | 1/31/2022 | Aldi, Inc. | 19,209 | 6.3% | 9/30/2021 | Club Fitness of St. Charles |
18 | Woodpark Shopping Center | 38,146 | 24.3% | 6/30/2024 | Ashley Furniture Homestore | 35,280 | 22.5% | 8/31/2027 | Jo-Ann | 34,450 | 22.0% | 1/31/2023 | The Rustic Mile |
19 | Little Rock Logistics Center | 205,458 | 41.1% | 12/31/2023 | Kimberly Clark | 125,000 | 25.0% | 11/30/2020 | P-Americas LLC | 100,620 | 20.1% | 3/31/2025 | Forever Collectables/Team Beans |
20 | Eleven Seventeen Perimeter | 26,226 | 6.7% | 7/31/2022 | Tropical Smoothie Cafe, LLC | 25,566 | 6.5% | 7/31/2029 | John Snellings Insurance Agency, Inc. | 15,314 | 3.9% | 2/28/2025 | EMC Corporation |
21 | Hampton Inn & Suites Hershey | ||||||||||||
22 | Polo Towne Crossing SC | 5,656 | 6.8% | 11/30/2028 | Hambone Willys | 4,080 | 4.9% | 6/30/2028 | Polo Nails | 4,000 | 4.8% | 9/30/2023 | Mattress Firm |
23 | 420 East 72nd Street Tenants Corp. | ||||||||||||
24 | Division Place | 24,016 | 18.9% | 1/31/2024 | Tuesday Morning | 11,932 | 9.4% | 3/31/2026 | Dollar Tree | 10,822 | 8.5% | 3/31/2028 | Rent-A-Center, Get It Now, LLC a Delaware Ltd. |
25 | Homewood Suites Fayetteville | ||||||||||||
26 | Brownsville Commercial Industrial Park | 100,000 | 25.0% | 5/31/2022 | Nova Link | 70,000 | 17.5% | 7/31/2023 | Dura Automotive Systems, LLC | 60,000 | 15.0% | 9/30/2024 | Ilsco |
27 | Courtyard Fayetteville Fort Bragg | ||||||||||||
28 | Hampton Inn – Knightdale | ||||||||||||
29 | 167 169 Canal Street | 2,800 | 19.8% | 11/30/2021 | Verdes Industries LLC | 2,800 | 19.8% | 12/31/2023 | Two-N, Inc. | 1,650 | 11.7% | 3/31/2021 | Discount Universe |
30 | 215 East 58th St | 15,000 | 45.2% | 9/30/2028 | L’Fay Inc. | 3,420 | 10.3% | 10/31/2024 | Summitt Assets Equity Mgmt LLC | 2,300 | 6.9% | 3/7/2024 | Tidal Wave Marketing |
31 | Fillmore Crossing | ||||||||||||
32 | Courage Drive | 36,000 | 33.3% | 5/31/2028 | The Food Bank | 30,000 | 27.8% | 12/31/2021 | Apria Healthcare | 18,000 | 16.7% | 6/30/2022 | Superior Court Records |
33 | Landmark Woods & Basswood Apartments | ||||||||||||
33.01 | Landmark Woods Apartments | ||||||||||||
33.02 | Basswood Apartments | ||||||||||||
34 | Aero Owners, Inc. | ||||||||||||
35 | Temple Terrace Plaza | 45,798 | 50.7% | 2/28/2027 | United States Postal Service | 13,000 | 14.4% | 9/30/2020 | Rainbow USA | 5,928 | 6.6% | 1/31/2020 | Greenberg Dental & Orthodontic |
36 | Albertsons Baton Rouge | 66,374 | 100.0% | 10/31/2030 | |||||||||
37 | 200 Diplomat Drive Corporation | ||||||||||||
38 | Glacier Village | 44,959 | 18.5% | 3/31/2020 | Super Bear IGA | 42,927 | 17.7% | 6/30/2025 | Salmon Creek 2 (Salmon Creek Mall) | 33,196 | 13.7% | 7/31/2021 | Salmon Creek 3 (Salmon Creek Mall) |
39 | 6440 Grand Avenue | 4,500 | 28.9% | 6/30/2025 | Panera | 4,470 | 28.7% | 6/30/2033 | Mission BBQ | 3,600 | 23.1% | 7/31/2028 | 5.11 Tactical |
40 | Cal Brazing HQ | 43,557 | 100.0% | 5/31/2037 | |||||||||
41 | Mira Este Business Park | 2,288 | 3.6% | MTM | R.E. Steinhauer Construction, Inc. | 2,136 | 3.3% | MTM | G the Mattress Guy | 1,440 | 2.2% | MTM | Elite Worldwide, Inc. |
42 | Coronet Owners, Inc. | ||||||||||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | ||||||||||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | ||||||||||||
45 | Evergreen Owners, Inc. | ||||||||||||
46 | 333 East Broadway Owners Corp. | ||||||||||||
47 | Pacific Coast Plaza | 6,500 | 26.5% | 7/20/2022 | National Vision, Inc. Eyeglass World | 4,500 | 18.4% | 11/30/2020 | McDonalds | 3,255 | 13.3% | 1/6/2023 | Einstein and Noah Corp, |
48 | Days Inn Sarasota | ||||||||||||
49 | Citysquare Shopping Center | 30,570 | 57.7% | 7/31/2033 | Ashley Furniture | 22,374 | 42.3% | 6/30/2028 | |||||
50 | Spruce Tower Owners Corp. | ||||||||||||
51 | Carriage Owners Corp. | ||||||||||||
52 | DuPont Office Center | 15,075 | 23.8% | 9/30/2023 | Merrill Lynch | 9,913 | 15.6% | 6/30/2023 | New York Life Insurance Company | 6,573 | 10.4% | 11/30/2023 | Gai Consultants, Inc. |
53 | 7210 Owners Corp. | ||||||||||||
54 | Sansing at Oxford Commons | 4,938 | 31.1% | 9/30/2023 | Southern Craft | 4,594 | 28.9% | 10/31/2027 | Holy Crab LLC | 4,343 | 27.4% | 1/16/2026 | RK Salon |
55 | 45 Kew Gardens Owners Inc. | ||||||||||||
56 | Hawthorne Gardens Realty Corp. | ||||||||||||
57 | Maple Court Apartments, Inc. | ||||||||||||
58 | Capri Gardens Owners Corp. | ||||||||||||
59 | Skylake Ranch Center | 2,300 | 28.0% | 4/30/2029 | Starbucks | 2,200 | 26.8% | 3/31/2029 | Kantor Dentist | 2,000 | 24.4% | 5/31/2029 | Pizza Hut |
60 | 44-14 Newtown Road Apartment Corporation | ||||||||||||
61 | CVS Portfolio - Ashtabula & Pageland | Various | Various | 5/31/2034 | |||||||||
61.01 | CVS - Ashtabula | 10,125 | 100.0% | 5/31/2034 | |||||||||
61.02 | CVS - Pageland | 10,055 | 100.0% | 5/31/2034 | |||||||||
62 | Claridge House Owners Corp. | ||||||||||||
63 | 11 Wooleys Lane Housing Corporation | ||||||||||||
64 | Dorian Owners Inc. | ||||||||||||
65 | Oak Grove MHC | ||||||||||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | ||||||||||||
67 | Taft Church Station | 4,698 | 25.1% | 11/3/2023 | Fast Pace Urgent Care | 3,600 | 19.3% | 2/28/2023 | American Cellular | 3,500 | 18.7% | 6/30/2021 | World Finance |
68 | Bank of America - Cary, NC | 38,683 | 100.0% | 9/30/2035 | |||||||||
69 | Lynbrook 44 Apartment Owners, Inc. | ||||||||||||
70 | 22 North Forest Avenue Corp. | ||||||||||||
71 | Westview Equities, Inc. | ||||||||||||
72 | Culpeper MHC Portfolio | ||||||||||||
72.01 | Bailey’s MHC | ||||||||||||
72.02 | Lakeside MHC | ||||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 4th Largest Tenant Sq. Ft.(8) | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | 5th Largest Tenant Name(7)(9)(10) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA | 5th Largest Tenant Exp. Date | Engineering Report Date | Environmental Report Date (Phase I) | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | Terrorism Insurance (Y/N) | Loan Purpose |
1 | Grand Canal Shoppes | 28,099 | 3.7% | 5/31/2025 | TAO Nightclub | 24,378 | 3.2% | 1/31/2025 | 3/18/2019 | 5/15/2019 | N | Y | Refinance | |||
2 | Waterford Lakes Town Center | 30,616 | 4.4% | 1/31/2020 | Ross Dress For Less | 30,184 | 4.4% | 1/31/2021 | 3/11/2019 | 3/11/2019 | N | Y | Recapitalization | |||
3 | 350 Bush Street | 7/31/2018 | 7/31/2018 | 7/31/2018 | 13.0% | N | Y | Refinance | ||||||||
4 | 30 Hudson Yards | 6/3/2019 | 5/30/2019 | N | Y | Acquisition | ||||||||||
5 | University Square | 4/17/2019 | 4/25/2019 | N | Y | Acquisition | ||||||||||
6 | Nova Place | 40,867 | 3.6% | 11/30/2027 | DataBank Holdings | 38,009 | 3.3% | 9/30/2033 | 3/28/2019 | 4/10/2019 | N | Y | Refinance | |||
7 | 445 South Street | 22,604 | 7.1% | 10/31/2022 | CCA Civil, LLC | 13,515 | 4.2% | 3/31/2022 | 4/22/2019 | 4/22/2019 | N | Y | Recapitalization | |||
8 | Newport Beach Marriott Bayview | 5/29/2019 | 5/29/2019 | 5/29/2019 | 11.0% | N | Y | Acquisition | ||||||||
9 | Moffett Towers - Buildings 3 & 4 | 5/9/2019 | 5/13/2019 | 5/9/2019 | 3.0% | N | Y | Refinance | ||||||||
10 | The Alhambra | 68,148 | 7.3% | 11/30/2026 | CLA - Parks & Recreation | 61,364 | 6.6% | 11/30/2025 | 3/5/2019 | 3/5/2019 | 3/12/2019 | 12.0% | N | Y | Refinance | |
11 | One Financial Plaza | 46,684 | 7.5% | 4/30/2029 | LAZ Parking | 34,597 | 5.6% | 6/30/2029 | 12/19/2018 | 12/17/2018 | N | Y | Acquisition | |||
12 | 29 West 35th Street | 4,100 | 4.3% | 3/31/2021 | Law Firm Of Stuart L. Weiss, P.C. | 4,100 | 4.3% | 6/30/2024 | 4/17/2019 | 4/17/2019 | N | Y | Refinance | |||
13 | Ford Factory | 3/12/2019 | 3/11/2019 | 3/12/2019 | 9.0% | N | Y | Acquisition | ||||||||
14 | Marriott Downtown Orlando | 5/9/2019 | 5/9/2019 | N | Y | Recapitalization | ||||||||||
15 | 450-460 Park Avenue South | 8,000 | 4.4% | 1/15/2022 | Pipedrive | 7,500 | 4.1% | 12/20/2022 | 3/27/2019 | 3/28/2019 | N | Y | Refinance | |||
16 | Fairway Center I | 14,119 | 9.7% | 3/31/2021 | Patterson Law Firm | 4,353 | 3.0% | 2/29/2020 | 3/29/2019 | 3/22/2019 | 3/26/2019 | 8.0% | N | Y | Acquisition | |
17 | Mark Twain Village | 17,915 | 5.8% | 5/31/2027 | Duluth Holdings, Inc. | 12,960 | 4.2% | 8/31/2022 | 3/29/2019 | 3/29/2019 | N | Y | Acquisition | |||
18 | Woodpark Shopping Center | 10,079 | 6.4% | 7/31/2023 | Sun & Ski | 10,000 | 6.4% | 1/31/2027 | 4/1/2019 | 4/1/2019 | N | Y | Acquisition | |||
19 | Little Rock Logistics Center | 69,372 | 13.9% | 4/30/2020 | 2/27/2019 | 2/27/2019 | N | Y | Acquisition | |||||||
20 | Eleven Seventeen Perimeter | 15,107 | 3.8% | 6/30/2020 | The Stonehill Group, Inc. | 14,388 | 3.7% | 11/30/2027 | 5/6/2019 | 5/3/2019 | N | Y | Refinance | |||
21 | Hampton Inn & Suites Hershey | 5/14/2019 | 5/21/2019 | N | Y | Acquisition | ||||||||||
22 | Polo Towne Crossing SC | 3,500 | 4.2% | 6/30/2025 | Tri Cowboys Nail Bar | 3,476 | 4.2% | 7/31/2025 | 4/23/2019 | 4/23/2019 | N | Y | Refinance | |||
23 | 420 East 72nd Street Tenants Corp. | 6/11/2019 | 6/12/2019 | N | Y | Refinance | ||||||||||
24 | Division Place | 10,042 | 7.9% | 6/30/2020 | Celebrations Bridal & Formal Wear | 7,078 | 5.6% | 8/31/2025 | 4/22/2019 | 4/22/2019 | N | Y | Refinance | |||
25 | Homewood Suites Fayetteville | 5/16/2019 | 5/16/2019 | N | Y | Refinance | ||||||||||
26 | Brownsville Commercial Industrial Park | 50,000 | 12.5% | 12/31/2022 | Standard Textile | 50,000 | 12.5% | 8/31/2021 | 4/16/2019 | 4/16/2019 | N | Y | Refinance | |||
27 | Courtyard Fayetteville Fort Bragg | 6/4/2019 | 6/11/2019 | N | Y | Refinance | ||||||||||
28 | Hampton Inn – Knightdale | 4/18/2019 | 4/24/2019 | N | Y | Refinance | ||||||||||
29 | 167 169 Canal Street | 1,500 | 10.6% | 4/30/2022 | Popular Lucky, Jewelry Corp | 1,300 | 9.2% | 8/1/2028 | 5/22/2019 | 5/22/2019 | N | Y | Refinance | |||
30 | 215 East 58th St | 2,050 | 6.2% | 5/23/2021 | Andover Properties LLC | 1,850 | 5.6% | 11/30/2019 | 6/6/2019 | 6/6/2019 | N | Y | Refinance | |||
31 | Fillmore Crossing | 3/29/2019 | 3/29/2019 | N | Y | Acquisition | ||||||||||
32 | Courage Drive | 12,000 | 11.1% | 8/31/2019 | Pride Industries | 12,000 | 11.1% | 5/31/2022 | 4/24/2019 | 4/24/2019 | 4/24/2019 | 13.0% | N | Y | Refinance | |
33 | Landmark Woods & Basswood Apartments | 3/25/2019 | 3/22/2019 | N | Y | Acquisition | ||||||||||
33.01 | Landmark Woods Apartments | 3/25/2019 | 3/22/2019 | N | Y | |||||||||||
33.02 | Basswood Apartments | 3/25/2019 | 3/22/2019 | N | Y | |||||||||||
34 | Aero Owners, Inc. | 5/7/2019 | 4/17/2019 | N | Y | Refinance | ||||||||||
35 | Temple Terrace Plaza | 3,660 | 4.1% | 7/31/2023 | Singha Thai Restaurant | 2,602 | 2.9% | 5/31/2022 | 4/25/2019 | 4/25/2019 | N | Y | Acquisition | |||
36 | Albertsons Baton Rouge | 3/14/2019 | 3/14/2019 | N | Y | Acquisition | ||||||||||
37 | 200 Diplomat Drive Corporation | 4/29/2019 | 4/26/2019 | N | Y | Refinance | ||||||||||
38 | Glacier Village | 31,009 | 12.8% | 3/31/2023 | Salmon Creek 1 (Salmon Creek Mall) | 28,894 | 11.9% | 4/30/2022 | 4/1/2019 | 4/1/2019 | 3/27/2019 | 7.0% | N | Y | Acquisition | |
39 | 6440 Grand Avenue | 2,994 | 19.2% | 11/30/2028 | 4/19/2019 | 4/19/2019 | N | Y | Acquisition | |||||||
40 | Cal Brazing HQ | 4/23/2019 | 4/22/2019 | 4/23/2019 | 16.0% | N | Y | Acquisition | ||||||||
41 | Mira Este Business Park | 1,360 | 2.1% | MTM | A1 Crane San Diego | 1,408 | 2.2% | MTM | 5/20/2019 | 5/20/2019 | 5/17/2019 | 9.0% | N | Y | Acquisition | |
42 | Coronet Owners, Inc. | 5/22/2019 | 5/21/2019 | N | Y | Refinance | ||||||||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 5/1/2019 | 5/1/2019 | N | Y | Refinance | ||||||||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 6/5/2019 | 5/29/2019 | N | Y | Refinance | ||||||||||
45 | Evergreen Owners, Inc. | 4/30/2019 | 4/30/2019 | N | Y | Refinance | ||||||||||
46 | 333 East Broadway Owners Corp. | 4/30/2019 | 4/30/2019 | N | Y | Refinance | ||||||||||
47 | Pacific Coast Plaza | 2,019 | 8.2% | 12/31/2022 | Brooklyn Boyz, Inc | 1,500 | 6.1% | 2/28/2023 | 3/27/2019 | 4/1/2019 | 4/16/2019 | 9.0% | N | Y | Acquisition | |
48 | Days Inn Sarasota | 5/16/2019 | 5/16/2019 | N | Y | Acquisition | ||||||||||
49 | Citysquare Shopping Center | 5/1/2019 | 5/1/2019 | N | Y | Refinance | ||||||||||
50 | Spruce Tower Owners Corp. | 5/9/2019 | 5/8/2019 | N | Y | Refinance | ||||||||||
51 | Carriage Owners Corp. | 5/9/2019 | 5/7/2019 | N | Y | Refinance | ||||||||||
52 | DuPont Office Center | 6,239 | 9.8% | 10/31/2023 | Convo Communications, LLC | 4,835 | 7.6% | 3/31/2027 | 5/28/2019 | 5/28/2019 | N | Y | Acquisition | |||
53 | 7210 Owners Corp. | 4/26/2019 | 4/24/2019 | N | Y | Refinance | ||||||||||
54 | Sansing at Oxford Commons | 1,996 | 12.6% | 3/31/2024 | 4/29/2019 | 4/29/2019 | N | Y | Refinance | |||||||
55 | 45 Kew Gardens Owners Inc. | 5/24/2019 | 5/23/2019 | N | Y | Refinance | ||||||||||
56 | Hawthorne Gardens Realty Corp. | 4/24/2019 | 4/23/2019 | N | Y | Refinance | ||||||||||
57 | Maple Court Apartments, Inc. | 5/2/2019 | 5/2/2019 | N | Y | Refinance | ||||||||||
58 | Capri Gardens Owners Corp. | 6/5/2019 | 5/31/2019 | N | Y | Refinance | ||||||||||
59 | Skylake Ranch Center | 1,700 | 20.7% | 4/30/2029 | 5/14/2019 | 5/14/2019 | N | Y | Acquisition | |||||||
60 | 44-14 Newtown Road Apartment Corporation | 4/5/2019 | 4/4/2019 | N | Y | Refinance | ||||||||||
61 | CVS Portfolio - Ashtabula & Pageland | Various | 5/2/2019 | N | Y | Refinance | ||||||||||
61.01 | CVS - Ashtabula | 4/29/2019 | 5/2/2019 | N | Y | |||||||||||
61.02 | CVS - Pageland | 4/30/2019 | 5/2/2019 | N | Y | |||||||||||
62 | Claridge House Owners Corp. | 5/9/2019 | 5/8/2019 | N | Y | Refinance | ||||||||||
63 | 11 Wooleys Lane Housing Corporation | 6/5/2019 | 4/5/2019 | N | Y | Refinance | ||||||||||
64 | Dorian Owners Inc. | 4/23/2019 | 4/25/2019 | N | Y | Refinance | ||||||||||
65 | Oak Grove MHC | 4/19/2019 | 4/17/2019 | N | Y | Acquisition | ||||||||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 5/20/2019 | 5/21/2019 | N | Y | Refinance | ||||||||||
67 | Taft Church Station | 1,750 | 9.4% | 5/31/2022 | Subway | 1,400 | 7.5% | 8/31/2021 | 4/25/2019 | 4/25/2019 | N | Y | Acquisition | |||
68 | Bank of America - Cary, NC | 4/25/2019 | N | Y | Recapitalization | |||||||||||
69 | Lynbrook 44 Apartment Owners, Inc. | 5/9/2019 | 5/9/2019 | N | Y | Refinance | ||||||||||
70 | 22 North Forest Avenue Corp. | 5/9/2019 | 5/9/2019 | N | Y | Refinance | ||||||||||
71 | Westview Equities, Inc. | 4/29/2019 | 4/26/2019 | N | Y | Refinance | ||||||||||
72 | Culpeper MHC Portfolio | 6/19/2019 | 6/27/2019 | N | Y | Refinance | ||||||||||
72.01 | Bailey’s MHC | 6/19/2019 | 6/27/2019 | N | Y | |||||||||||
72.02 | Lakeside MHC | 6/19/2019 | 6/27/2019 | N | Y | |||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 5/14/2019 | 5/14/2019 | N | Y | Refinance |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Tax Escrow - Cash or LoC | Tax Escrow - LoC Counterparty | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Insurance Escrow - Cash or LoC | Insurance Escrow - LoC Counterparty | Upfront Replacement Reserve ($)(4) | Monthly Replacement Reserve ($)(11) |
1 | Grand Canal Shoppes | 0 | 0 | Springing | 0 | Springing | 0 | Springing | ||||
2 | Waterford Lakes Town Center | 0 | 339,161 | 169,580 | Cash | 0 | Springing | 0 | 11,521 | |||
3 | 350 Bush Street | 0 | 409,996 | 205,001 | Cash | 69,579 | 23,192 | Cash | 0 | Springing | ||
4 | 30 Hudson Yards | 0 | 0 | Springing | 0 | Springing | 0 | Springing | ||||
5 | University Square | 55,108 | 78,438 | 39,219 | Cash | 8,477 | Springing | Cash | 0 | 6,030 | ||
6 | Nova Place | 0 | 459,339 | 153,115 | Cash | 0 | Springing | 0 | 23,807 | |||
7 | 445 South Street | 74,745 | 239,707 | 79,902 | Cash | 0 | Springing | 201,500 | 5,653 | |||
8 | Newport Beach Marriott Bayview | 0 | 0 | Springing | 0 | Springing | 0 | Springing | ||||
9 | Moffett Towers - Buildings 3 & 4 | 0 | 525,523 | 87,587 | Cash | 0 | Springing | 0 | Springing | |||
10 | The Alhambra | 0 | 782,527 | 195,631 | Cash | 72,226 | 24,075 | Cash | 0 | 19,414 | ||
11 | One Financial Plaza | 0 | 141,424 | 141,424 | Cash | 4,242 | Springing | Cash | 225,000 | 14,749 | ||
12 | 29 West 35th Street | 110,000 | 0 | Springing | 0 | Springing | 0 | 1,579 | ||||
13 | Ford Factory | 0 | 0 | Springing | 0 | Springing | 0 | Springing | ||||
14 | Marriott Downtown Orlando | 0 | 586,292 | 65,144 | Cash | 81,436 | Springing | Cash | 0 | From 8/1/2019 to 11/1/2023, 4% of underwritten revenue (currently $52,546.40). On each payment date thereadter 5% of underwritten revenue. | ||
15 | 450-460 Park Avenue South | 0 | 0 | Springing | 0 | Springing | 0 | Springing | ||||
16 | Fairway Center I | 0 | 35,680 | 35,680 | Cash | 0 | Springing | 0 | 1,822; Springing | |||
17 | Mark Twain Village | 0 | 261,721 | 43,620 | Cash | 6,257 | 6,257 | Cash | 0 | 5,106 | ||
18 | Woodpark Shopping Center | 107,626 | 259,126 | 37,018 | Cash | 0 | Springing | 200,000 | 1,962 | |||
19 | Little Rock Logistics Center | 91,250 | 134,835 | 13,483 | Cash | 0 | Springing | 0 | 4,170 | |||
20 | Eleven Seventeen Perimeter | 49,375 | 157,358 | 78,679 | Cash | 4,961 | Springing | Cash | 0 | 0 | ||
21 | Hampton Inn & Suites Hershey | 11,875 | 0 | 13,042 | Cash | 3,142 | 3,142 | Cash | 0 | Springing | ||
22 | Polo Towne Crossing SC | 0 | 397,418 | 56,774 | Cash | 0 | Springing | 0 | 1,175 | |||
23 | 420 East 72nd Street Tenants Corp. | 54,600 | 218,157 | 218,157 | Cash | 0 | Springing | 0 | 0 | |||
24 | Division Place | 0 | 0 | 39,310 | Cash | 0 | Springing | 0 | 2,007 | |||
25 | Homewood Suites Fayetteville | 70,000 | 94,374 | 7,864 | Cash | 1,214 | 1,214 | Cash | 0 | Springing | ||
26 | Brownsville Commercial Industrial Park | 154,165 | 157,284 | 17,476 | Cash | 50,445 | Springing | Cash | 0 | 3,333 | ||
27 | Courtyard Fayetteville Fort Bragg | 0 | 94,699 | 8,609 | Cash | 16,500 | 1,650 | Cash | 0 | FF&E at 2% in years one and two, 3% in year 3, and 4% thereafter | ||
28 | Hampton Inn – Knightdale | 0 | 86,943 | 8,694 | Cash | 23,629 | 2,953 | Cash | 0 | 5,567; Springing | ||
29 | 167 169 Canal Street | 3,750 | 39,646 | 19,823 | Cash | 0 | Springing | 0 | 277 | |||
30 | 215 East 58th St | 0 | 49,053 | 49,053 | Cash | 5,255 | 2,627 | Cash | 0 | 553 | ||
31 | Fillmore Crossing | 0 | 4,800 | 2,400 | Cash | 3,103 | 3,103 | Cash | 0 | 4,725 | ||
32 | Courage Drive | 0 | 36,009 | 12,003 | Cash | 0 | Springing | 0 | 900 | |||
33 | Landmark Woods & Basswood Apartments | 29,000 | 111,697 | 15,957 | Cash | 0 | Springing | 0 | 3,333 | |||
33.01 | Landmark Woods Apartments | |||||||||||
33.02 | Basswood Apartments | |||||||||||
34 | Aero Owners, Inc. | 0 | 77,150 | 77,150 | Cash | 0 | Springing | 0 | 0 | |||
35 | Temple Terrace Plaza | 0 | 115,098 | 19,183 | Cash | 0 | Springing | 0 | 1,090 | |||
36 | Albertsons Baton Rouge | 9,250 | 0 | Springing | 0 | Springing | 0 | 830 | ||||
37 | 200 Diplomat Drive Corporation | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
38 | Glacier Village | 13,563 | 164,330 | 16,912 | Cash | 15,143 | 5,048 | Cash | 0 | 3,035 | ||
39 | 6440 Grand Avenue | 0 | 0 | 5,437 | Cash | 1,500 | 500 | Cash | 0 | 195 | ||
40 | Cal Brazing HQ | 0 | 0 | Springing | 0 | Springing | 0 | Springing | ||||
41 | Mira Este Business Park | 0 | 14,645 | 2,929 | Cash | 1,557 | 779 | Cash | 225,000 | Springing | ||
42 | Coronet Owners, Inc. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
45 | Evergreen Owners, Inc. | 0 | 23,000 | 23,000 | Cash | 0 | Springing | 0 | 0 | |||
46 | 333 East Broadway Owners Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
47 | Pacific Coast Plaza | 0 | 11,530 | 3,843 | Cash | 0 | Springing | 0 | 625 | |||
48 | Days Inn Sarasota | 1,250 | 49,312 | 5,479 | Cash | 16,439 | 5,480 | Cash | 0 | 7,359 | ||
49 | Citysquare Shopping Center | 0 | 7,898 | 3,949 | Cash | 1,402 | 701 | Cash | 0 | 662 | ||
50 | Spruce Tower Owners Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
51 | Carriage Owners Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
52 | DuPont Office Center | 81,173 | 45,497 | 11,374 | Cash | 2,819 | 1,409 | Cash | 50,000 | 1,056 | ||
53 | 7210 Owners Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
54 | Sansing at Oxford Commons | 0 | 7,469 | 1,064 | Cash | 1,386 | 693 | Cash | 0 | 198 | ||
55 | 45 Kew Gardens Owners Inc. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
56 | Hawthorne Gardens Realty Corp. | 0 | 73,500 | 16,750 | Cash | 0 | Springing | 0 | 0 | |||
57 | Maple Court Apartments, Inc. | 0 | 15,000 | 15,000 | Cash | 0 | Springing | 0 | 0 | |||
58 | Capri Gardens Owners Corp. | 0 | 47,606 | 23,803 | Cash | 0 | Springing | 0 | 0 | |||
59 | Skylake Ranch Center | 0 | 53,495 | 10,699 | Cash | 780 | Springing | Cash | 0 | 103 | ||
60 | 44-14 Newtown Road Apartment Corporation | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
61 | CVS Portfolio - Ashtabula & Pageland | 0 | 0 | Springing | 0 | Springing | 0 | 336; Springing | ||||
61.01 | CVS - Ashtabula | |||||||||||
61.02 | CVS - Pageland | |||||||||||
62 | Claridge House Owners Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
63 | 11 Wooleys Lane Housing Corporation | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
64 | Dorian Owners Inc. | 0 | 32,494 | 16,247 | Cash | 0 | Springing | 0 | 0 | |||
65 | Oak Grove MHC | 0 | 6,743 | 613 | Cash | 0 | Springing | 5,136 | 446 | |||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 0 | 26,550 | 13,275 | Cash | 0 | Springing | 0 | 0 | |||
67 | Taft Church Station | 11,286 | 12,555 | 1,395 | Cash | 0 | Springing | 0 | 313 | |||
68 | Bank of America - Cary, NC | 0 | 0 | Springing | 0 | Springing | 0 | 62; Springing | ||||
69 | Lynbrook 44 Apartment Owners, Inc. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
70 | 22 North Forest Avenue Corp. | 0 | 0 | Springing | 0 | Springing | 0 | 0 | ||||
71 | Westview Equities, Inc. | 0 | 31,815 | 5,145 | Cash | 0 | Springing | 0 | 0 | |||
72 | Culpeper MHC Portfolio | 0 | 1,752 | 219 | Cash | 3,555 | 323 | Cash | 0 | 271 | ||
72.01 | Bailey’s MHC | |||||||||||
72.02 | Lakeside MHC | |||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 0 | 0 | Springing | 0 | Springing | 0 | 0 |
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Replacement Reserve Cap ($) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty | Upfront TI/LC Reserve ($)(4) | Monthly TI/LC Reserve ($) | TI/LC Reserve Cap ($)(12) | TI/LC Escrow - Cash or LoC | TI/LC Escrow - LoC Counterparty | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Debt Service Escrow - Cash or LoC | Debt Service Escrow - LoC Counterparty | Other Escrow I Reserve Description |
1 | Grand Canal Shoppes | 386,928 | 12,309,694 | Springing | 2,321,544 | Cash | 0 | 0 | Ground Rent | |||||
2 | Waterford Lakes Town Center | 500,000 | Cash | 5,000,000 | 57,605 | 7,500,000 | Cash | 0 | 0 | Unfunded Obligations Reserve | ||||
3 | 350 Bush Street | 0 | 0 | Springing | 0 | 0 | 0 | Existing TI/LC Obligations Reserve ($6,651,482); Development Work Reserve ($153,188) | ||||||
4 | 30 Hudson Yards | 0 | 0 | 0 | 0 | 0 | 0 | Contraction Space Funds Reserve | ||||||
5 | University Square | 0 | Cash | 0 | 45,223; Springing | 1,000,000 | Cash | 0 | 0 | Outstanding TI/LC Funds | ||||
6 | Nova Place | 857,059 | Cash | 0 | 76,183 | 2,742,588 | Cash | 0 | 0 | Existing TI/LC Reserve | ||||
7 | 445 South Street | 0 | Cash | 0 | 40,034 | 950,000 | Cash | 0 | 0 | Rent Concession Funds | ||||
8 | Newport Beach Marriott Bayview | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
9 | Moffett Towers - Buildings 3 & 4 | 0 | 0 | 0 | 0 | 0 | 0 | Outstanding TI/LC and Free Rent Reserve | ||||||
10 | The Alhambra | 698,918 | Cash | 0 | 77,658 | 4,000,000 | Cash | 0 | 0 | Land Entitlement Contingency Reserve | ||||
11 | One Financial Plaza | 0 | Cash | 5,000,000 | 77,729; Springing | 2,000,000 | Cash | 0 | 0 | Rent Abatement Reserve | ||||
12 | 29 West 35th Street | 75,000 | Cash | 500,000 | 15,790 | 500,000 | Cash | 0 | 0 | Rent Concession Reserve | ||||
13 | Ford Factory | 0 | 6,565,530 | Springing | 0 | Cash | 0 | 0 | ||||||
14 | Marriott Downtown Orlando | 0 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
15 | 450-460 Park Avenue South | 0 | 0 | Springing | 0 | 0 | 0 | Rent Concession Reserve | ||||||
16 | Fairway Center I | 43,739 | Cash | 0 | 17,010; Springing | 408,234 | Cash | 0 | 0 | Rent Concession Reserve | ||||
17 | Mark Twain Village | 245,094 | Cash | 500,000 | 17,200; Springing | 500,000 | Cash | 0 | 0 | First to Finish Reserve Fund | ||||
18 | Woodpark Shopping Center | 94,164 | Cash | 0 | 12,424 | 596,372 | Cash | 0 | 0 | |||||
19 | Little Rock Logistics Center | 250,225 | Cash | 0 | 8,341 | 300,270 | Cash | 0 | 0 | |||||
20 | Eleven Seventeen Perimeter | 0 | 2,500,000 | 81,818; Springing | 1,000,000 | Cash | 0 | 0 | Existing TI/LC Reserve | |||||
21 | Hampton Inn & Suites Hershey | 0 | 0 | 0 | 0 | 0 | 0 | PIP Reserve | ||||||
22 | Polo Towne Crossing SC | 0 | Cash | 0 | 8,333 | 400,000 | Cash | 0 | 0 | |||||
23 | 420 East 72nd Street Tenants Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
24 | Division Place | 0 | Cash | 0 | 7,526 | 270,939 | Cash | 0 | 0 | Key Tenant Springing Reserve | ||||
25 | Homewood Suites Fayetteville | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
26 | Brownsville Commercial Industrial Park | 0 | Cash | 0 | 6,667 | 200,000 | Cash | 0 | 0 | |||||
27 | Courtyard Fayetteville Fort Bragg | 0 | Cash | 0 | 0 | 0 | 0 | 0 | PIP Reserve | |||||
28 | Hampton Inn – Knightdale | 500,000 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
29 | 167 169 Canal Street | 0 | Cash | 0 | 3,538 | 204,000 | Cash | 0 | 0 | |||||
30 | 215 East 58th St | 0 | Cash | 0 | 5,528 | 265,320 | Cash | 0 | 0 | |||||
31 | Fillmore Crossing | 0 | Cash | 0 | 0 | 0 | 0 | 0 | Designated Replacement Reserve | |||||
32 | Courage Drive | 21,600 | Cash | 80,000 | 3,600; Springing | 80,000 | Cash | 0 | 0 | |||||
33 | Landmark Woods & Basswood Apartments | 0 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
33.01 | Landmark Woods Apartments | |||||||||||||
33.02 | Basswood Apartments | |||||||||||||
34 | Aero Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
35 | Temple Terrace Plaza | 0 | Cash | 60,000 | 5,811 | 209,000 | Cash | 0 | 0 | |||||
36 | Albertsons Baton Rouge | 49,823 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
37 | 200 Diplomat Drive Corporation | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
38 | Glacier Village | 145,680 | Cash | 0 | 4,167 | 200,000 | Cash | 0 | 0 | |||||
39 | 6440 Grand Avenue | 0 | Cash | 0 | 1,297 | 46,692 | Cash | 0 | 0 | |||||
40 | Cal Brazing HQ | 0 | 0 | Springing | 0 | 0 | 0 | |||||||
41 | Mira Este Business Park | 225,000 | Cash | 150,000 | Springing | 150,000 | Cash | 0 | 0 | Future TILC/Replacement Reserves | ||||
42 | Coronet Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
45 | Evergreen Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | Collateral Security Agreement for Capital Improvements | ||||||
46 | 333 East Broadway Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
47 | Pacific Coast Plaza | 0 | Cash | 0 | Springing | 150,000 | 0 | 0 | ||||||
48 | Days Inn Sarasota | 0 | Cash | 0 | 0 | 0 | 0 | 0 | PIP Reserve | |||||
49 | Citysquare Shopping Center | 0 | Cash | 0 | 2,206 | 0 | Cash | 0 | 0 | |||||
50 | Spruce Tower Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
51 | Carriage Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
52 | DuPont Office Center | 0 | Cash | 50,000 | 3,958 | 0 | Cash | 0 | 0 | |||||
53 | 7210 Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
54 | Sansing at Oxford Commons | 0 | Cash | 0 | 992 | 35,710 | Cash | 0 | 0 | |||||
55 | 45 Kew Gardens Owners Inc. | 0 | 0 | 0 | 0 | 0 | 0 | Collateral Security Agreement for Environmental Items | ||||||
56 | Hawthorne Gardens Realty Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
57 | Maple Court Apartments, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | Collateral Security Agreement for Capital Improvements | ||||||
58 | Capri Gardens Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
59 | Skylake Ranch Center | 8,200 | Cash | 0 | 1,025 | 49,200 | Cash | 0 | 0 | Kantor Free Rent Reserve | ||||
60 | 44-14 Newtown Road Apartment Corporation | 0 | 0 | 0 | 0 | 0 | 0 | Collateral Security Agreement for Capital Improvements | ||||||
61 | CVS Portfolio - Ashtabula & Pageland | 4,036 | Cash | 0 | Springing | 0 | 0 | 0 | ||||||
61.01 | CVS - Ashtabula | |||||||||||||
61.02 | CVS - Pageland | |||||||||||||
62 | Claridge House Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
63 | 11 Wooleys Lane Housing Corporation | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
64 | Dorian Owners Inc. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
65 | Oak Grove MHC | 0 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
67 | Taft Church Station | 0 | Cash | 0 | 1,558 | 93,500 | Cash | 0 | 0 | |||||
68 | Bank of America - Cary, NC | 744 | Cash | 0 | Springing | 0 | 0 | 0 | ||||||
69 | Lynbrook 44 Apartment Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
70 | 22 North Forest Avenue Corp. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
71 | Westview Equities, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
72 | Culpeper MHC Portfolio | 0 | Cash | 0 | 0 | 0 | 0 | 0 | ||||||
72.01 | Bailey’s MHC | |||||||||||||
72.02 | Lakeside MHC | |||||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow I (Initial) ($)(4)(7)(9) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty | Other Escrow II Reserve Description | Other Escrow II (Initial) ($)(4)(7) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) | Other Escrow II Escrow - Cash or LoC |
1 | Grand Canal Shoppes | 0 | Springing | 0 | Gap Rent | 1,218,246 | 0 | 0 | Cash | ||
2 | Waterford Lakes Town Center | 1,485,464 | 0 | 0 | Cash | Regal Holdback Reserve | 22,500,000 | 0 | 0 | Cash | |
3 | 350 Bush Street | 6,804,670 | 0 | 0 | Cash | Publicis Letter of Credit ($4,672,000); Atlassian Letter of Credit ($810,784) | 5,482,784 | 0 | 0 | LoC | |
4 | 30 Hudson Yards | 0 | Springing | 0 | Condominium Reserve | 0 | Springing | 0 | |||
5 | University Square | 4,158,980 | 0 | 0 | Cash | 0 | 0 | 0 | |||
6 | Nova Place | 1,587,057 | 0 | 0 | Cash | Closing Date Leasing Reserve | 4,000,000 | 0 | 0 | Cash | |
7 | 445 South Street | 71,148 | 0 | 0 | Cash | 0 | 0 | 0 | |||
8 | Newport Beach Marriott Bayview | 0 | 0 | 0 | 0 | 0 | 0 | ||||
9 | Moffett Towers - Buildings 3 & 4 | 39,293,262 | 0 | 0 | Cash | Lease Sweep Reserve | 0 | Springing | 21,037,980 | ||
10 | The Alhambra | 6,000,000 | 0 | 0 | Cash | Rent Concession Reserve ($2,231,180.75); Existing TI/LC Obligations Reserve ($9,668,623.85) | 11,899,805 | 0 | 0 | Cash | |
11 | One Financial Plaza | 1,726,928 | 0 | 0 | Cash | Outstanding TI/LC Reserve | 1,112,904 | 0 | 0 | Cash | |
12 | 29 West 35th Street | 779,675 | 0 | 0 | Cash | 0 | 0 | 0 | |||
13 | Ford Factory | 0 | 0 | 0 | 0 | 0 | 0 | ||||
14 | Marriott Downtown Orlando | 0 | 0 | 0 | 0 | 0 | 0 | ||||
15 | 450-460 Park Avenue South | 2,438,878 | 0 | 0 | Cash | Existing TI/LC Obligations Reserve | 4,509,708 | 0 | 0 | Cash | |
16 | Fairway Center I | 585,453 | 0 | 0 | Cash | 0 | 0 | 0 | |||
17 | Mark Twain Village | 50,000 | 0 | 0 | Cash | Outstanding TI Reserve Fund | 50,000 | 0 | 0 | Cash | |
18 | Woodpark Shopping Center | 0 | 0 | 0 | 0 | 0 | 0 | ||||
19 | Little Rock Logistics Center | 0 | 0 | 0 | 0 | 0 | 0 | ||||
20 | Eleven Seventeen Perimeter | 1,786,163 | 0 | 0 | Cash | Rent Concession Reserve ($386,644.47); Gap Rent Reserve ($37,329.83) | 423,974 | 0 | 0 | Cash | |
21 | Hampton Inn & Suites Hershey | 500,000 | 0 | 0 | Cash | 0 | 0 | 0 | |||
22 | Polo Towne Crossing SC | 0 | 0 | 0 | 0 | 0 | 0 | ||||
23 | 420 East 72nd Street Tenants Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
24 | Division Place | 0 | Springing | 0 | Existing TI/LC Obligations Reserve | 3,000 | 0 | 0 | Cash | ||
25 | Homewood Suites Fayetteville | 0 | 0 | 0 | 0 | 0 | 0 | ||||
26 | Brownsville Commercial Industrial Park | 0 | 0 | 0 | 0 | 0 | 0 | ||||
27 | Courtyard Fayetteville Fort Bragg | 0 | Springing | 0 | 0 | 0 | 0 | ||||
28 | Hampton Inn – Knightdale | 0 | 0 | 0 | 0 | 0 | 0 | ||||
29 | 167 169 Canal Street | 0 | 0 | 0 | 0 | 0 | 0 | ||||
30 | 215 East 58th St | 0 | 0 | 0 | 0 | 0 | 0 | ||||
31 | Fillmore Crossing | 683,000 | 0 | 0 | Cash | 0 | 0 | 0 | |||
32 | Courage Drive | 0 | 0 | 0 | 0 | 0 | 0 | ||||
33 | Landmark Woods & Basswood Apartments | 0 | 0 | 0 | 0 | 0 | 0 | ||||
33.01 | Landmark Woods Apartments | ||||||||||
33.02 | Basswood Apartments | ||||||||||
34 | Aero Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
35 | Temple Terrace Plaza | 0 | 0 | 0 | 0 | 0 | 0 | ||||
36 | Albertsons Baton Rouge | 0 | 0 | 0 | 0 | 0 | 0 | ||||
37 | 200 Diplomat Drive Corporation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
38 | Glacier Village | 0 | 0 | 0 | 0 | 0 | 0 | ||||
39 | 6440 Grand Avenue | 0 | 0 | 0 | 0 | 0 | 0 | ||||
40 | Cal Brazing HQ | 0 | 0 | 0 | 0 | 0 | 0 | ||||
41 | Mira Este Business Park | 150,000 | 0 | 0 | Cash | 0 | 0 | 0 | |||
42 | Coronet Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
45 | Evergreen Owners, Inc. | 500,000 | 0 | 0 | Cash | 0 | 0 | 0 | |||
46 | 333 East Broadway Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
47 | Pacific Coast Plaza | 0 | 0 | 0 | 0 | 0 | 0 | ||||
48 | Days Inn Sarasota | 76,927 | 0 | 0 | Cash | 0 | 0 | 0 | |||
49 | Citysquare Shopping Center | 0 | 0 | 0 | 0 | 0 | 0 | ||||
50 | Spruce Tower Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
51 | Carriage Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
52 | DuPont Office Center | 0 | 0 | 0 | 0 | 0 | 0 | ||||
53 | 7210 Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
54 | Sansing at Oxford Commons | 0 | 0 | 0 | 0 | 0 | 0 | ||||
55 | 45 Kew Gardens Owners Inc. | 150,000 | 0 | 0 | Cash | 0 | 0 | 0 | |||
56 | Hawthorne Gardens Realty Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
57 | Maple Court Apartments, Inc. | 500,000 | 0 | 0 | Cash | Collateral Security Agreement for Environmental Items | 22,500 | 0 | 0 | Cash | |
58 | Capri Gardens Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
59 | Skylake Ranch Center | 10,834 | 0 | 0 | Cash | 0 | 0 | 0 | |||
60 | 44-14 Newtown Road Apartment Corporation | 1,000,000 | 0 | 0 | Cash | 0 | 0 | 0 | |||
61 | CVS Portfolio - Ashtabula & Pageland | 0 | 0 | 0 | 0 | 0 | 0 | ||||
61.01 | CVS - Ashtabula | ||||||||||
61.02 | CVS - Pageland | ||||||||||
62 | Claridge House Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
63 | 11 Wooleys Lane Housing Corporation | 0 | 0 | 0 | 0 | 0 | 0 | ||||
64 | Dorian Owners Inc. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
65 | Oak Grove MHC | 0 | 0 | 0 | 0 | 0 | 0 | ||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
67 | Taft Church Station | 0 | 0 | 0 | 0 | 0 | 0 | ||||
68 | Bank of America - Cary, NC | 0 | 0 | 0 | 0 | 0 | 0 | ||||
69 | Lynbrook 44 Apartment Owners, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
70 | 22 North Forest Avenue Corp. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
71 | Westview Equities, Inc. | 0 | 0 | 0 | 0 | 0 | 0 | ||||
72 | Culpeper MHC Portfolio | 0 | 0 | 0 | 0 | 0 | 0 | ||||
72.01 | Bailey’s MHC | ||||||||||
72.02 | Lakeside MHC | ||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 0 | 0 | 0 | 0 | 0 | 0 |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II - LoC Counterparty | Holdback(13) | Ownership Interest | Ground Lease Initial Expiration Date | Annual Ground Rent Payment | Annual Ground Rent Increases | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | Subordinate Secured Debt Cut-off Date Balance ($) |
1 | Grand Canal Shoppes | Fee and Leasehold | 2/28/2064 | $133,477 | Beginning with the 8th Lease Year, Rent is increased each year by the percentage that the Consumer PRice Index has increased, not to exceed 2%, and never to be decreased. | Hard/Springing Cash Management | 975,000,000 | 3,537,423 | 215,000,000 | 215,000,000 | ||
2 | Waterford Lakes Town Center | Fee | Hard/Springing Cash Management | |||||||||
3 | 350 Bush Street | Credit Industriel et Commercial (Publicis Letter of Credit); Bank of America, N.A. (Atlassian Letter of Credit) | Fee | Hard/Upfront Cash Management | ||||||||
4 | 30 Hudson Yards | Fee | Hard/Springing Cash Management | 1,430,000,000 | 4,058,618 | 310,000,000 | 310,000,000 | |||||
5 | University Square | Fee | Springing | |||||||||
6 | Nova Place | Fee | Hard/Springing Cash Management | |||||||||
7 | 445 South Street | Fee | Hard/Springing Cash Management | |||||||||
8 | Newport Beach Marriott Bayview | Fee | Soft/Springing Cash Management | |||||||||
9 | Moffett Towers - Buildings 3 & 4 | Fee | Hard/Upfront Cash Management | 505,000,000 | 1,605,957 | 155,000,000 | 155,000,000 | |||||
10 | The Alhambra | Fee | Hard/Upfront Cash Management | |||||||||
11 | One Financial Plaza | Fee | Springing | |||||||||
12 | 29 West 35th Street | Fee | Springing | |||||||||
13 | Ford Factory | Fee | Hard/Springing Cash Management | |||||||||
14 | Marriott Downtown Orlando | Fee | Hard/Springing Cash Management | |||||||||
15 | 450-460 Park Avenue South | Fee | Hard/Springing Cash Management | |||||||||
16 | Fairway Center I | Fee | Springing | |||||||||
17 | Mark Twain Village | Fee | Hard/Springing Cash Management | |||||||||
18 | Woodpark Shopping Center | Fee | Springing | |||||||||
19 | Little Rock Logistics Center | Fee | Springing | |||||||||
20 | Eleven Seventeen Perimeter | Fee | Springing | |||||||||
21 | Hampton Inn & Suites Hershey | Fee | Springing | |||||||||
22 | Polo Towne Crossing SC | Fee | Springing | |||||||||
23 | 420 East 72nd Street Tenants Corp. | Fee | None | |||||||||
24 | Division Place | 250,000 | Fee | None | ||||||||
25 | Homewood Suites Fayetteville | Fee | Springing | |||||||||
26 | Brownsville Commercial Industrial Park | Fee | Springing | |||||||||
27 | Courtyard Fayetteville Fort Bragg | Fee | Springing | |||||||||
28 | Hampton Inn – Knightdale | Fee | Springing | |||||||||
29 | 167 169 Canal Street | Fee | Springing | |||||||||
30 | 215 East 58th St | Fee | Springing | |||||||||
31 | Fillmore Crossing | Fee | Springing | |||||||||
32 | Courage Drive | 630,000 | Fee | None | ||||||||
33 | Landmark Woods & Basswood Apartments | Fee | Springing | |||||||||
33.01 | Landmark Woods Apartments | Fee | ||||||||||
33.02 | Basswood Apartments | Fee | ||||||||||
34 | Aero Owners, Inc. | Fee | None | 8,262,963 | 35,312 | 500,000 | 0 | |||||
35 | Temple Terrace Plaza | Fee | Hard/Springing Cash Management | |||||||||
36 | Albertsons Baton Rouge | Fee | Springing | |||||||||
37 | 200 Diplomat Drive Corporation | Fee | None | 7,978,361 | 37,277 | 500,000 | 0 | |||||
38 | Glacier Village | Fee | Springing | |||||||||
39 | 6440 Grand Avenue | Fee | Springing | |||||||||
40 | Cal Brazing HQ | Fee | Springing | |||||||||
41 | Mira Este Business Park | Fee | Springing | |||||||||
42 | Coronet Owners, Inc. | Fee | None | 7,125,000 | 32,572 | 1,000,000 | 0 | |||||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | Fee | None | 10,000,000 | 38,566 | 4,000,000 | 3,335,000 | |||||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | Fee | None | 6,491,213 | 29,407 | 500,000 | 0 | |||||
45 | Evergreen Owners, Inc. | Fee | None | 6,241,047 | 26,676 | 500,000 | 0 | |||||
46 | 333 East Broadway Owners Corp. | Fee | None | 5,866,316 | 24,561 | 500,000 | 0 | |||||
47 | Pacific Coast Plaza | Fee | Springing | |||||||||
48 | Days Inn Sarasota | Fee | Springing | |||||||||
49 | Citysquare Shopping Center | Fee | Springing | |||||||||
50 | Spruce Tower Owners Corp. | Fee | None | |||||||||
51 | Carriage Owners Corp. | Fee | None | 4,001,683 | 16,563 | 4,690 | 4,690 | |||||
52 | DuPont Office Center | Fee | Springing | |||||||||
53 | 7210 Owners Corp. | Fee | None | 4,193,678 | 17,178 | 500,000 | 0 | |||||
54 | Sansing at Oxford Commons | Fee | Springing | |||||||||
55 | 45 Kew Gardens Owners Inc. | Fee | None | 4,000,000 | 13,312 | 500,000 | 0 | |||||
56 | Hawthorne Gardens Realty Corp. | Fee | None | 3,910,489 | 18,738 | 500,000 | 0 | |||||
57 | Maple Court Apartments, Inc. | Fee | None | 3,720,036 | 16,110 | 500,000 | 0 | |||||
58 | Capri Gardens Owners Corp. | Fee | None | 3,397,662 | 13,932 | 500,000 | 0 | |||||
59 | Skylake Ranch Center | Fee | Springing | |||||||||
60 | 44-14 Newtown Road Apartment Corporation | Fee | None | 3,292,122 | 15,585 | 500,000 | 0 | |||||
61 | CVS Portfolio - Ashtabula & Pageland | Fee | Springing | |||||||||
61.01 | CVS - Ashtabula | Fee | ||||||||||
61.02 | CVS - Pageland | Fee | ||||||||||
62 | Claridge House Owners Corp. | Fee | None | 2,554,660 | 8,506 | 4,660 | 4,660 | |||||
63 | 11 Wooleys Lane Housing Corporation | Fee | None | 2,696,008 | 11,253 | 250,000 | 0 | |||||
64 | Dorian Owners Inc. | Fee | None | 2,746,718 | 12,509 | 500,000 | 0 | |||||
65 | Oak Grove MHC | Fee | Springing | |||||||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | Fee | None | |||||||||
67 | Taft Church Station | Fee | Springing | |||||||||
68 | Bank of America - Cary, NC | Fee | Springing | |||||||||
69 | Lynbrook 44 Apartment Owners, Inc. | Fee | None | 1,804,641 | 6,009 | 4,641 | 4,641 | |||||
70 | 22 North Forest Avenue Corp. | Fee | None | 1,556,389 | 5,182 | 6,389 | 6,389 | |||||
71 | Westview Equities, Inc. | Fee | None | |||||||||
72 | Culpeper MHC Portfolio | Fee | Springing | |||||||||
72.01 | Bailey’s MHC | Fee | ||||||||||
72.02 | Lakeside MHC | Fee | ||||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | Fee | None | 1,550,000 | 5,549 | 300,000 | 40,024 |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut-off Date U/W NOI Debt Yield | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) | Sponsor | Affiliated Sponsors | Mortgage Loan Number |
1 | Grand Canal Shoppes | 1.72 | 1.67 | 59.5% | 7.5% | 7.3% | Brookfield Properties REIT Inc.; Nuveen Real Estate | 1 | ||
2 | Waterford Lakes Town Center | Washington Prime Group, L.P. | 2 | |||||||
3 | 350 Bush Street | 100,000,000 | Gemdale USA Corporation; Vision Real Estate Development, Inc. | 3 | ||||||
4 | 30 Hudson Yards | 2.51 | 2.50 | 65.0% | 8.5% | 8.5% | 30 HY WM REIT Owner LP | 4 | ||
5 | University Square | Andrew Penson | 5 | |||||||
6 | Nova Place | Jeremy Leventhal; Alexander Leventhal; Elliot Gould | 6 | |||||||
7 | 445 South Street | Strategic Real Estate, LLC | 7 | |||||||
8 | Newport Beach Marriott Bayview | Jon D. Kline | 8 | |||||||
9 | Moffett Towers - Buildings 3 & 4 | 2.41 | 2.40 | 63.9% | 9.2% | 9.2% | 85,000,000 | The Jay Paul Company | 9 | |
10 | The Alhambra | RM Properties, LLC; Future Land International LLC; Wayne Ratkovich | 10 | |||||||
11 | One Financial Plaza | 13,000,000 | Alan Lazowski; Shelbourne Global Solutions, LLC | 11 | ||||||
12 | 29 West 35th Street | Shapour (Paul) Sohayegh; Roni Movahedian | 12 | |||||||
13 | Ford Factory | Access Industries | 13 | |||||||
14 | Marriott Downtown Orlando | United Capital Corp. | 14 | |||||||
15 | 450-460 Park Avenue South | Joseph Moinian; Jacob Orfali; David Adelipour | 15 | |||||||
16 | Fairway Center I | David B. Dollinger | 16 | |||||||
17 | Mark Twain Village | Christopher Palermo, Anthony Grosso | 17 | |||||||
18 | Woodpark Shopping Center | Unilev Capital Corp. | 18 | |||||||
19 | Little Rock Logistics Center | Glen Una Management Company, Inc. | Y - Group 1 | 19 | ||||||
20 | Eleven Seventeen Perimeter | In Shik Hong | 20 | |||||||
21 | Hampton Inn & Suites Hershey | Montu Patel | 21 | |||||||
22 | Polo Towne Crossing SC | US Property Trust South America LLC | 22 | |||||||
23 | 420 East 72nd Street Tenants Corp. | 23 | ||||||||
24 | Division Place | Adam Firsel; Adam Firsel Revocable Trust | 24 | |||||||
25 | Homewood Suites Fayetteville | Shamin Hotels | 25 | |||||||
26 | Brownsville Commercial Industrial Park | PacVentures, Inc. | 26 | |||||||
27 | Courtyard Fayetteville Fort Bragg | Trinity Hospitality | 27 | |||||||
28 | Hampton Inn – Knightdale | Oscar N. Harris; John M. Sandlin | 28 | |||||||
29 | 167 169 Canal Street | Greg Dadourian | 29 | |||||||
30 | 215 East 58th St | Maria Luisa Garzoni | 30 | |||||||
31 | Fillmore Crossing | Alexander May; Sarah May; Sven Dienst; Rebecca Dienst; Kevin Lee | 31 | |||||||
32 | Courage Drive | Michael C. Jaeger; Robert A. McHugh, III | 32 | |||||||
33 | Landmark Woods & Basswood Apartments | SMG; SIP | 33 | |||||||
33.01 | Landmark Woods Apartments | 33.01 | ||||||||
33.02 | Basswood Apartments | 33.02 | ||||||||
34 | Aero Owners, Inc. | 5.96 | 5.78 | 10.0% | 30.5% | 29.7% | 34 | |||
35 | Temple Terrace Plaza | Elliot Sasson; Christopher Wild | 35 | |||||||
36 | Albertsons Baton Rouge | Glen Una Management | Y - Group 1 | 36 | ||||||
37 | 200 Diplomat Drive Corporation | 5.23 | 5.05 | 19.2% | 29.3% | 28.3% | 37 | |||
38 | Glacier Village | Alaska Legacy Partners LLC | 38 | |||||||
39 | 6440 Grand Avenue | Tiffany Earl Williams | 39 | |||||||
40 | Cal Brazing HQ | Franklin B. Mandel | 40 | |||||||
41 | Mira Este Business Park | Lily Hsue; Peter Sun; Lily Hsue Irrevocable Living Trust | 41 | |||||||
42 | Coronet Owners, Inc. | 5.25 | 5.15 | 13.6% | 28.8% | 28.2% | 42 | |||
43 | Columbus Park Owners, Inc. a/k/a Columbus-Park Corporation | 14.89 | 14.78 | 5.5% | 68.9% | 68.4% | 43 | |||
44 | 83-33 Gardens Corp. a/k/a 83-33 Austin Corp. | 4.54 | 4.45 | 15.2% | 24.7% | 24.2% | 44 | |||
45 | Evergreen Owners, Inc. | 2.57 | 2.50 | 22.4% | 13.2% | 12.8% | 45 | |||
46 | 333 East Broadway Owners Corp. | 3.89 | 3.81 | 22.8% | 19.5% | 19.2% | 46 | |||
47 | Pacific Coast Plaza | Benjamin W. White | 47 | |||||||
48 | Days Inn Sarasota | Arvind Viradia; Minesh Patel | 48 | |||||||
49 | Citysquare Shopping Center | Ali Salass | 49 | |||||||
50 | Spruce Tower Owners Corp. | 50 | ||||||||
51 | Carriage Owners Corp. | 7.11 | 7.00 | 17.2% | 35.3% | 34.8% | 51 | |||
52 | DuPont Office Center | Rajinder S. Mahil; Parveen Mahil | 52 | |||||||
53 | 7210 Owners Corp. | 3.90 | 3.81 | 16.6% | 19.2% | 18.7% | 53 | |||
54 | Sansing at Oxford Commons | H. Blake Tartt, III | 54 | |||||||
55 | 45 Kew Gardens Owners Inc. | 7.19 | 7.07 | 14.0% | 28.7% | 28.2% | 55 | |||
56 | Hawthorne Gardens Realty Corp. | 5.51 | 5.40 | 16.7% | 31.7% | 31.1% | 56 | |||
57 | Maple Court Apartments, Inc. | 3.42 | 3.34 | 15.2% | 17.8% | 17.4% | 57 | |||
58 | Capri Gardens Owners Corp. | 6.02 | 5.89 | 11.6% | 29.6% | 29.0% | 58 | |||
59 | Skylake Ranch Center | Jeong Suk Choi; Yeol Choi | 59 | |||||||
60 | 44-14 Newtown Road Apartment Corporation | 6.73 | 6.63 | 7.8% | 38.2% | 37.6% | 60 | |||
61 | CVS Portfolio - Ashtabula & Pageland | Arthur B. Birtcher; Ronald E. Birtcher; Robert M. Anderson; The Arthur B. Birtcher Revocable Trust; The Ronald E. Birtcher Separate Property Trust; The Anderson Family Trust | 61 | |||||||
61.01 | CVS - Ashtabula | 61.01 | ||||||||
61.02 | CVS - Pageland | 61.02 | ||||||||
62 | Claridge House Owners Corp. | 9.09 | 8.94 | 17.3% | 36.3% | 35.7% | 62 | |||
63 | 11 Wooleys Lane Housing Corporation | 8.93 | 8.76 | 16.1% | 44.7% | 43.9% | 63 | |||
64 | Dorian Owners Inc. | 5.41 | 5.29 | 11.1% | 29.5% | 28.9% | 64 | |||
65 | Oak Grove MHC | Karl Ebert; Christopher K. Ebert | 65 | |||||||
66 | The Ridge Owners, Corp. A/K/A The Ridge Owners Corp. | 66 | ||||||||
67 | Taft Church Station | Greg Cervenka | 67 | |||||||
68 | Bank of America - Cary, NC | Dimitrios Kaloidis | 68 | |||||||
69 | Lynbrook 44 Apartment Owners, Inc. | 9.36 | 9.18 | 15.4% | 37.4% | 36.7% | 69 | |||
70 | 22 North Forest Avenue Corp. | 11.47 | 11.27 | 13.4% | 45.8% | 45.0% | 70 | |||
71 | Westview Equities, Inc. | 71 | ||||||||
72 | Culpeper MHC Portfolio | Foundry Companies | 72 | |||||||
72.01 | Bailey’s MHC | 72.01 | ||||||||
72.02 | Lakeside MHC | 72.02 | ||||||||
73 | 171 Duane Street Owners Corp. (F/K/A U.S. Ethnological Research Group LTD. A/K/A United States Ethnilogical Research Group, LTD.) | 6.03 | 6.01 | 11.6% | 25.9% | 25.8% | 73 |
A-1-14
FOOTNOTES TO ANNEX A-1 | |||||||||||||
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans. | |||||||||||||
(1) | “WFB” denotes Wells Fargo Bank, National Association, “BANA” denotes Bank of America, National Association, “MSMCH” denotes Morgan Stanley Mortgage Capital Holdings LLC and “NCB” denotes National Cooperative Bank, N.A. | ||||||||||||
(2) | For mortgage loan #29 (167 169 Canal Street), the Number of Units includes 11,350 square feet of office space and 2,800 square feet of ground floor retail space. | ||||||||||||
For mortgage loan #30 (215 East 58th St), the Number of Units includes 10,000 square feet of retail space and 23,165 square feet of office space. | |||||||||||||
(3) | For mortgage loan #6 (Nova Place), the loan documents allow for a partial release, subject to yield maintenance, at any time throughout the loan term. | ||||||||||||
(4) | For mortgage loan #3 (350 Bush Street), the Appraised Value assumes that all outstanding free rent, tenant improvements and leasing commissions have been completed for the three tenants occupying the entire Mortgaged Property. Reserves were taken at loan origination for all outstanding free rent, tenant improvements and leasing commissions. The appraised value assuming all outstanding free rent, tenant improvements and leasing commissions are not completed is $493,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $493,000,000 appraised value is 37.5%. | ||||||||||||
For mortgage loan #9 (Moffett Towers - Buildings 3 & 4), the appraised value is a prospective market value that assumes that any remaining construction costs have been paid and that Facebook, the sole tenant, has taken occupancy, completed construction, and commenced rental payments (expected January 1, 2020 for Building 3 and December 1, 2019 for Building 4, pursuant to its leases). The Moffett Towers – Buildings 3 & 4 Borrower reserved $23,165,933 for remaining construction costs and $16,127,329 representing 100% of the free rent. Facebook, has taken possession of its space and is currently constructing its interior improvements. The as-is appraised value is $726.0 million as of May 3, 2019 and is inclusive of deductions for rent concessions and outstanding tenant improvements and leasing commissions, equating to a Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD of 48.2%. See the definition of “Appraised Value” under “Description of the Mortgage Pool—Certain Calculations and Definitions—Definitions” in this prospectus. | |||||||||||||
For mortgage loan #16 (Fairway Center I), the Appraised Value assumes that the two largest tenants (99,606 square feet), representing 68.3% of net rentable square feet in the aggregate, are paying full unabated rent. Reserves were taken at loan origination for all outstanding free rent, which will burn off by September 2019. The appraised value assuming all free rent remains outstanding is $33,500,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $33,500,000 appraised value are 75.0% and 64.3%, respectively. | |||||||||||||
For mortgage loan #31 (Fillmore Crossing), the Appraised Value assumes that all outstanding capital improvements, expected to be completed by April 2020, have been completed. Reserves were taken at loan origination for all outstanding capital improvements. The appraised value assuming the capital improvements are not completed is $10,725,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $10,725,000 appraised value are 79.3% and 66.4%, respectively. | |||||||||||||
(5) | For mortgage loan #1 (Grand Canal Shoppes), the mortgage loan represents Note A-1-2 and Note A-2-1 of twenty three pari passu notes, which have a combined Cut-off Date Balance of |
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$760,000,000, and which together with a Subordinate Note B-1 with a Cut-off Date Balance of $215,000,000 comprise a $975,000,000 whole loan (the “Grand Canal Shoppes Whole Loan”). Notes A-1-1, A-1-3, A-1-4, A-1-5, A-1-6, A-1-7, A-1-8, A-2-2, A-2-3, A-2-4, A-2-5, A-3-1, A-3-2, A-3-3, A-3-4, A-3-5, A-4-1, A-4-2, A-4-3, A-4-4 and A-4-5 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-1-1, A-1-2, A-1-3, A-1-4, A-1-5, A-1-6, A-1-7, A-1-8, A-2-1, A-2-2, A-2-3, A-2-4, A-2-5, A-3-1, A-3-2, A-3-3, A-3-4, A-3-5, A-4-1, A-4-2, A-4-3, A-4-4 and A-4-5 in the aggregate (the “Grand Canal Shoppes Senior Loan”), and exclude Note B-1. Note A-1-2 and Note A-2-1 represent non-controlling interests in the Grand Canal Shoppes Whole Loan. The Cut-off Date Balance Per SF, U/W NOI Debt Yield, U/W NCF Debt Yield, U/W NOI DSCR, U/W NCF DSCR, Cut-off Date LTV Ratio and LTV Ratio at Maturity numbers based on the entire $975,000,000 Grand Canal Whole Loan are $1,283, 7.5%, 7.3%, 1.72x, 1.67x, 59.5% and 59.5%, respectively. Note A-1-2 in the original principal amount of $50,000,000 is being contributed by MSMCH and Note A-2-1 in the original principal amount of $50,000,000 is being contributed by WFB. | |||||||||||||
For mortgage loan #2 (Waterford Lakes Town Center), the mortgage loan represents Notes A-2-A and A-2-B of four pari passu notes, which have a combined Cut-off Date principal balance of $179,380,230. Notes A-1-A and A-1-B 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, A-1-B, A-2-A and A-2-B in the aggregate (the “Waterford Lakes Town Center Whole Loan”). Note A-1-A is the controlling interest in the Waterford Lakes Town Whole Loan and was contributed to the GSMS 2019-GC39 transaction. | |||||||||||||
For mortgage loan #3 (350 Bush Street), the mortgage loan represents Notes A-2 and A-3 of three pari passu notes, which have a combined Cut-off Date Balance of $185,000,000. 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, A-2 and A-3 in the aggregate (the “350 Bush Street Whole Loan”). Notes A-2 and A-3 represent non-controlling interests in the 350 Bush Street Whole Loan. | |||||||||||||
For mortgage loan #4 (30 Hudson Yards), the mortgage loan represents Notes A-3-C1, A-3-C2, A-3-C3, A-3-C4 and A-3-C5 of 29 pari passu notes, which have a combined Cut-off Date Balance of $1,120,000,000, and which together with subordinate Notes B-1, B-2 and B-3 with a Cut-off Date Balance of $310,000,000 comprise a $1,430,000,000 whole loan (the “30 Hudson Yards Whole Loan”). All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on the 29 pari passu notes in the aggregate (the “30 Hudson Yards Senior Loan”). Notes A-3-C1, A-3-C2, A-3-C3, A-3-C4 and A-3-C5 represent non-controlling interests in the 30 Hudson Yards Whole Loan. | |||||||||||||
For mortgage loan #6 (Nova Place), the mortgage loan represents Notes A-2 and A-3 of three pari passu notes, which have a combined Cut-off Date Balance of $140,000,000. 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, A-2 and A-3 in the aggregate (the “Nova Place Whole Loan”). Notes A-2 and A-3 represent non-controlling interests in the Nova Place Whole Loan. | |||||||||||||
For mortgage loan #9 (Moffett Towers - Buildings 3 & 4), the mortgage loan represents Note A-1-C of eleven pari passu notes, which have a combined Cut-off Date Balance of $350,000,000, and which together with subordinate Notes B-1, B-2 and B-3 with a Cut-off Date Balance of $155,000,000 comprise a $505,000,000 whole loan (the “Moffett Towers - Buildings 3 & 4 Whole Loan”). Notes A-1-A, A-2-A, A-3-A, A-1-B, A-1-D, A-1-E, A-2-B, A-2-C, A-3-B, A-3-C, B-1, B-2 and B-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, A-2-A, A-3-A, A-1-B, A-1-C, A-1-D, A-1-E, A-2-B, A-2-C, A-3-B and A-3-C in the aggregate (the “Moffett Towers - Buildings 3 & 4 Senior Loan”), and exclude Notes B-1, B-2 and B-3. Note A-1-C represents a non-controlling interest in the Moffett Towers - Buildings 3 & 4 Whole Loan and is being contributed to the BANK 2019-BNK19 transaction. The Cut-off Date Balance Per Unit/SF, U/W NOI Debt Yield, U/W NCF Debt Yield, U/W NOI DSCR, U/W NCF DSCR, Cut-off Date LTV Ratio and LTV Ratio at Maturity figures |
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presented are based on the entire $505,000,000 Moffett Towers - Buildings 3 & 4 Whole Loan are $720, 9.2%, 9.2%, 2.41x, 2.40x, 63.9% and 63.9%, respectively. | |||||||||||||
For mortgage loan #10 (The Alhambra), the mortgage loan represents Notes A-2 and A-3 of three pari passu notes, which have a combined Cut-off Date Balance of $150,000,000. 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, A-2 and A-3 in the aggregate (the “The Alhambra Whole Loan”). Notes A-2 and A-3 represent non-controlling interests in The Alhambra Whole Loan. | |||||||||||||
For mortgage loan #13 (Ford Factory), the mortgage loan represents Note A-2 of two pari passu notes, which have a combined Cut-off Date Balance of $135,000,000. 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 “Ford Factory Whole Loan”). Note A-2 is the non-controlling interest in the Ford Factory Whole Loan. | |||||||||||||
For mortgage loan #15 (450-460 Park Avenue South), the mortgage loan represents Note A-2 of two pari passu notes, which have a combined Cut-off Date Balance of $75,000,000. 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 “450-460 Park Avenue South Whole Loan”). Note A-2 represents the non-controlling interest in the 450-460 Park Avenue South Whole Loan. | |||||||||||||
For mortgage loan #20 (Eleven Seventeen Perimeter), the mortgage loan represents Note A-1 of four pari passu notes, which have a combined Cut-off Date Balance of $44,000,000. Note A-2, Note A-3 and Note A-4 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, A-3 and A-4 in the aggregate (the “Eleven Seventeen Perimeter Whole Loan”). Note A-1 represents the non-controlling interest in the Eleven Seventeen Perimeter Whole Loan. | |||||||||||||
For mortgage loan #22 (Polo Towne Crossing SC), the mortgage loan represents Note A-1 of three pari passu notes, which have a combined Cut-off Date Balance of $30,250,000. Note A-2 and Note 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 “Polo Towne Crossing SC Whole Loan”). Note A-1 represents the non-controlling interest in the Polo Towne Crossing SC Whole Loan. | |||||||||||||
(6) | For mortgage loan #11 (One Financial Plaza), parking income is approximately 20% of effective gross income. | ||||||||||||
(7) | Certain tenants may not be in occupancy or may be in free rent periods. In particular, with respect (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 Mortgage Loans and (iii) tenants that occupy 50% or more of the net rentable area of related Mortgage Properties, 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 #16 (Fairway Center I), the largest tenant (76,046 square feet), representing 52.2% of net rentable square feet, has partial rent abatements through September 2019. All outstanding abatements have been reserved for. | |||||||||||||
For mortgage loan #20 (Eleven Seventeen Perimeter), the largest tenant (26,226 square feet), representing 6.7% of net rentable square feet, has a rent abatement for March 2020 and March 2021, which was reserved for at loan origination. The fifth largest tenant (14,388 square feet), representing 3.7% of net rentable square feet, has a rent credit of $36,000, which was reserved for at origination. |
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For mortgage loan #32 (Courage Drive), the fourth largest tenant (12,000 square feet), representing 11.1% of net rentable square feet, gave notice of its intent to terminate its lease upon expiration. | |||||||||||||
For mortgage loan #59 (Skylake Ranch Center), the third largest tenant (2,000 square feet), representing 24.4% of net rentable square feet, has a rent abatement through August 2019, which was reserved for at loan origination. | |||||||||||||
(8) | For mortgage loan #11 (One Financial Plaza), the largest tenant (200,971 square feet), representing 32.3% of net rentable square feet, has been leasing an additional 9,440 square feet of storage space, not included in the 200,971 square feet of office space. The fourth largest tenant (46,684 square feet), representing 7.5% of net rentable square feet, has been leasing 738 square feet of storage space, not included in the 46,684 square feet of office space. The tenant has the right to surrender the storage space by giving the landlord not less than 12 months’ advance written notice. | ||||||||||||
(9) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. In particular, with respect to (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 Mortgage Loans and (iii) tenants that occupy 50% or more of the net rentable area of related Mortgaged Properties, certain of such tenants have unilateral termination options with respect to all or a portion of their space. 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 (Fairway Center I), the second largest tenant (23,560 square feet), representing 16.2% of net rentable square feet, may terminate its lease as of August 31, 2022 upon providing 9 months’ written notice and payment of all unamortized free rent, tenant improvements and leasing commissions. | |||||||||||||
For mortgage loan #19 (Little Rock Logistics Center), the second largest tenant (125,000 square feet), representing 25.0% of net rentable square feet, has a one-time option to terminate the lease for all of the premises effective on any day after November 30, 2020. The tenant must provide a written termination notice delivered by the tenant to the landlord no later than 6 months prior to the selected termination date. The tenant must also pay a termination fee which will be the unamortized portion of the sum of all leasing costs, which is the total of all brokerage commissions paid by the landlord in connection with the lease, as of the termination date, amortized, based on the straight-line method of amortization, over a period equal to the length of the initial term of this lease plus interest at the rate of 7% per annum. | |||||||||||||
For mortgage loan #32 (Courage Drive), the largest tenant (36,000 square feet), representing 33.3% of net rentable square feet, may terminate its lease on May 31, 2023 upon providing 15 months’ written notice. The fifth largest tenant (12,000 square feet), representing 11.1% of net rentable square feet, may terminate its lease on May 31, 2021 upon providing written notice by November 30, 2020. | |||||||||||||
For mortgage loan #39 (6440 Grand Avenue), the fourth largest tenant (2,994 square feet), representing 19.2% of net rentable square feet, has the right to terminate its lease effective as of November 30, 2023, if gross sales at the leased premises from June 1, 2022 to July 1, 2023 do not exceed $1,100,000. The tenant must provide a termination notice delivered by the tenant to the landlord no later than 180 days prior to November 30, 2023 in addition to providing proof of the tenant’s gross sales from June 1, 2022 to July 1, 2023. | |||||||||||||
For mortgage loan #52 (DuPont Office Center), the second largest tenant (9,913 square feet), representing at 15.6% of net rentable square feet, has an ongoing right (which is currently exercisable) to terminate their lease with 6 months’ notice and no termination fee. The fourth |
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largest tenant, (6,239 square feet), representing 9.8% of net rentable square feet, has a one-time option to terminate its lease effective as of September 1, 2021, upon giving 90 days notice to the landlord. | |||||||||||||
For mortgage loan #67 (Taft Church Station), the fifth largest tenant (1,400 square feet), representing 7.5% of net rentable square feet, has the right to terminate its lease at any time beginning August 1, 2024. The tenant must provide at least 90 days written notice to the landlord and is required to pay the landlord 12 months base rent and additional rent or the remainder rent due pursuant to the lease, whichever is less. | |||||||||||||
(10) | For mortgage loan #1 (Grand Canal Shoppes), the largest tenant (42,185 square feet), representing 5.6% of net rentable square feet, has multiple expiration dates. 34,088 square feet expires July 31, 2025, 8,096 square feet expires September 30, 2033 and 1 square foot expires December 31, 2019. The third largest tenant (28,235 square feet), representing 3.7% of net rentable square feet, has multiple expiration dates. 28,000 square feet expires July 31, 2024 and 235 square feet expires December 31, 2019. The fourth largest tenant (28,099 square feet), representing 3.7% of net rentable square feet, has multiple expiration dates. 15,039 square feet expires May 31, 2025, 8,406 square feet expires December 31, 2020 and 4,654 square feet expires February 29, 2020. | ||||||||||||
For mortgage loan #6 (Nova Place), the second largest tenant (73,000 square feet), representing 6.4% of net rentable square feet, has multiple expiration dates. 52,898 square feet expires September 30, 2029 and 20,102 square feet expires June 30, 2020. | |||||||||||||
For mortgage loan #10 (The Alhambra), the second largest tenant (114,448 square feet), representing 12.3% of net rentable square feet, has multiple expiration dates. 106,677 square feet expires July 31, 2026 and 7,771 square feet expires January 31, 2025. The third largest tenant (109,882 square feet), representing 11.8% of net rentable square feet has multiple expiration dates. 50,525 square feet expires December 11, 2025, 42,250 square feet expires November 30, 2020 and 17,107 square feet expires on March 31, 2022. | |||||||||||||
For mortgage loan #11 (One Financial Plaza), the largest tenant (200,971 square feet), representing 32.3% of net rentable square feet, has multiple expiration dates. 62,571 square feet expires December 31, 2021, 69,165 square feet expires December 31, 2022 and 69,235 square feet expires December 31, 2024. | |||||||||||||
For mortgage loan #20 (Eleven Seventeen Perimeter), the second largest tenant (25,566 square feet), representing 6.5% of net rentable square feet, has multiple expiration dates. 25,330 square feet expires July 31, 2029, and 236 square feet expires month to month. | |||||||||||||
(11) | For mortgage loan #21 (Hampton Inn & Suites Hershey), the borrower is required to deposit on each payment date (i) commencing in June, 2021, an amount equal to one-twelfth of the sum of 2% of effective gross income at the Mortgaged Property for the trailing twelve months, (ii) commencing in June, 2023 and continuing on each payment date thereafter, an amount equal to one-twelfth of the sum of 4% of effective gross income at the Mortgaged Property. | ||||||||||||
(12) | For mortgage loan #2 (Waterford Lakes Town Center), at loan origination the borrower reserved $22,500,000 for Regal Cinema. Provided no event of default is continuing, upon Regal Cinema (or a replacement tenant) having leased all of Regal Cinema’s space for a term through January 2025, the Regal Cinema Reserve will be released to the Waterford Lakes Town Center Borrower less any tenant improvements, leasing commissions and free rent. Unless the debt yield for two consecutive quarters is greater than 10.0%, if the renewal or replacement rent is less than 100% of the current Regal Cinema lease rent, the Regal Cinema Reserve release amount will be prorated. |
A-1-19
For mortgage loan #5 (University Square), The Rollover Deposit is not required to be made if the amount of the reserve is $1,000,000 or more and Blackrock, Inc. maintains an investment grade rating with all national rating agencies. | |||||||||||||
(13) | For mortgage loan #24 (Division Place), All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $12,450,000. The Holdback can be disbursed in whole or in part provided that the following conditions are satisfied: (i) Plato’s Closet has taken occupancy of its entire expansion space; (ii) Plato’s Closet lease for the expansion space is in full force and effect, with no outstanding tenant improvements and/or leasing commissions; (iii) physical and economic occupancy of the Mortgaged Property is no less than 92.0%; and (iv) no event of default has occurred or is continuing. If the Holdback has not been released by June 21, 2022, the lender may apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full Holdback balance is applied to the full loan amount of $12,450,000, 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 73.4%, 59.3%, 1.72x, 1.62x, 10.4% and 9.8%, respectively. | ||||||||||||
For mortgage loan #32 (Courage Drive), All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $8,400,000. The Holdback can be disbursed in whole or in part provided that the following conditions are satisfied: (i) the lender has a fully executed lease for all or part of Suite C, as defined in the loan agreement (“Executed Suite C Lease”), on terms and conditions acceptable to the lender. In no event will an executed lease for less than all of Suite C be for less than $6.96 per square foot per year and for a term less than 3 years; (ii) for a total release, the Executed Suite C Leases for the entire space have no outstanding free rent, tenant improvements and/or leasing commissions; (iii) for a total release, the debt yield is no less than 8.5%; and (iv) no event of default has occurred or is continuing. If the Holdback has not been released by May 29, 2022, the lender may apply the unreleased proceeds to pay down the loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full Holdback balance is applied to the full loan amount of $8,400,000, 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 56.2%, 56.2%, 2.33x, 2.21x, 9.7% and 9.2%, respectively. |
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