FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226486-11 | ||
WFCM 2019-C54 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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, UBS Securitie LLC., Drexel Hamilton, LLC, Academy Securities, Inc., or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a "when, as and if issued" basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system. | ||
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 | Number of Units(2) | Unit of Measure | Cut-off Date Balance Per Unit/SF(3) | 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 |
1 | Continental Park - Rosecrans Douglas | RMF | 831 Douglas Street; 2201, 2221, and 2231 Rosecrans Avenue | El Segundo | CA | 90245 | Office | Suburban | 1965 | 2017 | 206,012 | Sq. Ft. | 267 | 55,000,000 | 55,000,000 | 8.2% | 55,000,000 | N | 10/18/2019 | 12/6/2019 | 11/6/2029 | |
2 | West Bountiful Commons | RMF | 100 North 500 West | West Bountiful | UT | 84010 | Retail | Anchored | 1993 | 2017 | 324,349 | Sq. Ft. | 107 | 34,750,000 | 34,750,000 | 5.2% | 34,750,000 | N | 10/18/2019 | 12/6/2019 | 11/6/2029 | |
3 | Torrey Ridge Apartments | WFB | 210 South Clovis Avenue | Fresno | CA | 93727 | Multifamily | Garden | 1976 | 2019 | 418 | Units | 77,751 | 32,500,000 | 32,500,000 | 4.9% | 27,432,083 | N | 10/4/2019 | 11/11/2019 | 10/11/2021 | |
4 | 74 Kent Street & 11-20 46th Road | AREF | Various | Various | NY | Various | Office | CBD | Various | Various | 66,470 | Sq. Ft. | 459 | 30,500,000 | 30,500,000 | 4.6% | 30,500,000 | N | 10/24/2019 | 12/6/2019 | 11/6/2029 | |
4.01 | 74 Kent Street | AREF | 74 Kent Street | Brooklyn | NY | 11222 | Office | CBD | 1931 | 2018 | 31,745 | Sq. Ft. | 15,860,000 | 15,860,000 | 2.4% | |||||||
4.02 | 11-20 46th Road | AREF | 11-20 46th Road | Long Island City | NY | 11101 | Office | CBD | 1947 | 2019 | 34,725 | Sq. Ft. | 14,640,000 | 14,640,000 | 2.2% | |||||||
5 | 77 Clinton Avenue | AREF | 77 Clinton Avenue | Brooklyn | NY | 11205 | Office | CBD | 1914 | 1968 | 127,000 | Sq. Ft. | 239 | 30,400,000 | 30,400,000 | 4.5% | 30,400,000 | N | 10/25/2019 | 12/6/2019 | 11/6/2029 | |
6 | Takoma Metro Center | BSPRT | 6856 Eastern Avenue Northwest | Washington | DC | 20012 | Mixed Use | Flex/Office/Retail | 1908 | 2017 | 198,107 | Sq. Ft. | 139 | 27,600,000 | 27,600,000 | 4.1% | 27,600,000 | N | 9/27/2019 | 11/6/2019 | 10/6/2029 | |
7 | The Tower at Burbank | WFB | 3900 West Alameda Avenue | Burbank | CA | 91505 | Office | CBD | 1989 | 2019 | 490,807 | Sq. Ft. | 397 | 25,000,000 | 25,000,000 | 3.7% | 25,000,000 | N | 8/8/2019 | 9/11/2019 | 8/11/2029 | |
8 | Planet Self Storage Portfolio | RMF | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various | 563,807 | Sq. Ft. | 124 | 25,000,000 | 25,000,000 | 3.7% | 25,000,000 | N | 9/26/2019 | 11/6/2019 | 10/6/2024 | |
8.01 | Prime Storage - Somerville | RMF | 39R Medford Street | Somerville | MA | 02143 | Self Storage | Self Storage | 1930 | 1995 | 36,095 | Sq. Ft. | 3,250,000 | 3,250,000 | 0.5% | |||||||
8.02 | Prime Storage - Newington | RMF | 350 Alumni Road | Newington | CT | 00611 | Self Storage | Self Storage | 2000 | 2018 | 87,925 | Sq. Ft. | 2,989,286 | 2,989,286 | 0.4% | |||||||
8.03 | Prime Storage - Washington | RMF | 307 South Lincoln Avenue | Washington | NJ | 07882 | Self Storage | Self Storage | 1987 | 2018 | 63,450 | Sq. Ft. | 2,875,000 | 2,875,000 | 0.4% | |||||||
8.04 | Prime Storage - Brookfield | RMF | 25 and 87 Del Mar Drive | Brookfield | CT | 06804 | Self Storage | Self Storage | 1984 | 2018 | 61,350 | Sq. Ft. | 2,428,571 | 2,428,571 | 0.4% | |||||||
8.05 | Prime Storage - Quakertown | RMF | 1320 South West End Boulevard | Quakertown | PA | 18951 | Self Storage | Self Storage | 1987 | 67,450 | Sq. Ft. | 2,410,714 | 2,410,714 | 0.4% | ||||||||
8.06 | Prime Storage - Hyde Park | RMF | 1641 Hyde Park Avenue | Boston | MA | 02136 | Self Storage | Self Storage | 1960 | 1997 | 27,504 | Sq. Ft. | 2,178,571 | 2,178,571 | 0.3% | |||||||
8.07 | Prime Storage - Phillipsburg | RMF | 1191 U.S. Highway 22 | Greenwich; Lopatcong | NJ | 08865 | Self Storage | Self Storage | 1982 | 2018 | 48,691 | Sq. Ft. | 1,875,000 | 1,875,000 | 0.3% | |||||||
8.08 | Prime Storage - New Milford | RMF | 156 Danbury Road | New Milford | CT | 06776 | Self Storage | Self Storage | 1989 | 41,050 | Sq. Ft. | 1,875,000 | 1,875,000 | 0.3% | ||||||||
8.09 | Prime Storage - Fairless Hills | RMF | 400 Tyburn Road | Fairless Hills | PA | 19030 | Self Storage | Self Storage | 1979 | 42,211 | Sq. Ft. | 1,796,429 | 1,796,429 | 0.3% | ||||||||
8.10 | Prime Storage - Clinton | RMF | 10 Route 173 | Union | NJ | 08809 | Self Storage | Self Storage | 1980 | 2018 | 35,538 | Sq. Ft. | 1,714,286 | 1,714,286 | 0.3% | |||||||
8.11 | Prime Storage - Lindenwold | RMF | 901 Egg Harbor Road | Lindenwold | NJ | 08021 | Self Storage | Self Storage | 1979 | 52,543 | Sq. Ft. | 1,607,143 | 1,607,143 | 0.2% | ||||||||
9 | The District at Tuttle | BSPRT | 4020 Cyber Avenue | Columbus | OH | 43221 | Multifamily | Garden | 2014 | 228 | Units | 105,263 | 24,000,000 | 24,000,000 | 3.6% | 24,000,000 | N | 9/30/2019 | 11/6/2019 | 10/6/2029 | ||
10 | 730 Arizona Avenue | WFB | 730 Arizona Avenue (aka 1310 Lincoln Boulevard) | Santa Monica | CA | 90401 | Office | Suburban | 1988 | 2016 | 28,822 | Sq. Ft. | 789 | 22,750,000 | 22,750,000 | 3.4% | 22,750,000 | N | 8/23/2019 | 10/11/2019 | 9/11/2029 | |
11 | Phoenix Industrial Portfolio II | UBS AG | Various | Various | Various | Various | Industrial | Various | Various | Various | 2,390,648 | Sq. Ft. | 28 | 20,000,000 | 20,000,000 | 3.0% | 17,487,483 | N | 9/10/2019 | 11/6/2019 | 10/6/2022 | |
11.01 | Flint | UBS AG | 4444 West Maple Avenue | Flint | MI | 48507 | Industrial | Manufacturing | 2006 | 460,000 | Sq. Ft. | 4,885,496 | 4,885,496 | 0.7% | ||||||||
11.02 | Beloit | UBS AG | 1 Reynolds Drive | Beloit | WI | 53511 | Industrial | Warehouse | 1974 | 2011 | 413,903 | Sq. Ft. | 4,231,189 | 4,231,189 | 0.6% | |||||||
11.03 | DuBois | UBS AG | 851-891 Beaver Drive | DuBois | PA | 15801 | Industrial | Warehouse | 1961 | 1988 | 612,800 | Sq. Ft. | 4,187,568 | 4,187,568 | 0.6% | |||||||
11.04 | Jefferson | UBS AG | 351 Collins Road | Jefferson | WI | 53549 | Industrial | Warehouse | 1995 | 591,840 | Sq. Ft. | 4,187,568 | 4,187,568 | 0.6% | ||||||||
11.05 | Huntsville | UBS AG | 1000 James Record Road | Huntsville | AL | 35724 | Industrial | Warehouse | 1976 | 2017 | 312,105 | Sq. Ft. | 2,508,179 | 2,508,179 | 0.4% | |||||||
12 | North & Sheffield | WFB | 938 West North Avenue | Chicago | IL | 60642 | Retail | Unanchored | 1999 | 2018 | 31,762 | Sq. Ft. | 614 | 19,500,000 | 19,500,000 | 2.9% | 19,500,000 | N | 9/27/2019 | 11/11/2019 | 10/11/2029 | |
13 | Global Payments, Inc. | BSPRT | 1 Heartland Way | Jeffersonville | IN | 47130 | Office | Suburban | 2006 | 2011 | 226,304 | Sq. Ft. | 129 | 19,167,000 | 19,167,000 | 2.9% | 19,167,000 | Y | 10/15/2019 | 12/6/2019 | 11/6/2029 | |
14 | Somerset Park at Union | AREF | 9416 East 65th Street | Tulsa | OK | 74133 | Multifamily | Garden | 1984 | 424 | Units | 44,222 | 18,750,000 | 18,750,000 | 2.8% | 18,750,000 | N | 10/22/2019 | 12/6/2019 | 11/6/2029 | ||
15 | NMR Pharmacy Portfolio | BSPRT | Various | Various | Various | Various | Retail | Single Tenant | Various | Various | 153,806 | Sq. Ft. | 207 | 17,500,000 | 17,500,000 | 2.6% | 17,500,000 | N | 9/27/2019 | 11/6/2019 | 10/6/2029 | |
15.01 | WAG - Knoxville, TN | BSPRT | 5320 Clinton Highway | Knoxville | TN | 37912 | Retail | Single Tenant | 2000 | 14,112 | Sq. Ft. | 2,880,896 | 2,880,896 | 0.4% | ||||||||
15.02 | WAG - Cincinnati, OH | BSPRT | 9 West Mitchell Avenue | Cincinnati | OH | 45217 | Retail | Single Tenant | 2000 | 14,490 | Sq. Ft. | 2,066,431 | 2,066,431 | 0.3% | ||||||||
15.03 | WAG - Huntington, IN | BSPRT | 1804 North Jefferson Street | Huntington | IN | 46750 | Retail | Single Tenant | 2000 | 15,125 | Sq. Ft. | 1,736,242 | 1,736,242 | 0.3% | ||||||||
15.04 | CVS - Dublin, OH | BSPRT | 7470 Sawmill Road | Dublin | OH | 43016 | Retail | Single Tenant | 1999 | 10,086 | Sq. Ft. | 1,392,296 | 1,392,296 | 0.2% | ||||||||
15.05 | CVS - Ashland, KY | BSPRT | 1221 Lexington Avenue | Ashland | KY | 41101 | Retail | Single Tenant | 1999 | 11,240 | Sq. Ft. | 1,318,003 | 1,318,003 | 0.2% | ||||||||
15.06 | WAG - Akron, OH | BSPRT | 1130 South Arlington Street | Akron | OH | 44306 | Retail | Single Tenant | 1994 | 13,500 | Sq. Ft. | 1,254,717 | 1,254,717 | 0.2% | ||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | BSPRT | 1158 Wilmington Avenue | Dayton | OH | 45420 | Retail | Single Tenant | 1998 | 11,180 | Sq. Ft. | 1,144,654 | 1,144,654 | 0.2% | ||||||||
15.08 | CVS - Bristol, VA | BSPRT | 31 East Valley Drive | Bristol | VA | 24201 | Retail | Single Tenant | 1999 | 10,251 | Sq. Ft. | 1,078,616 | 1,078,616 | 0.2% | ||||||||
15.09 | CVS - Bristol, TN | BSPRT | 3030 West State Street | Bristol | TN | 37620 | Retail | Single Tenant | 1999 | 10,200 | Sq. Ft. | 1,051,101 | 1,051,101 | 0.2% | ||||||||
15.10 | CVS - Evans, GA | BSPRT | 4385 Hereford Farm Road | Evans | GA | 30809 | Retail | Single Tenant | 1999 | 10,125 | Sq. Ft. | 1,034,591 | 1,034,591 | 0.2% | ||||||||
15.11 | WAG - Henderson, KY | BSPRT | 517 North Green Street | Henderson | KY | 42420 | Retail | Single Tenant | 1996 | 2013 | 11,385 | Sq. Ft. | 905,267 | 905,267 | 0.1% | |||||||
15.12 | CVS - Summerfield, NC | BSPRT | 4601 US Highway 220 | Summerfield | NC | 27358 | Retail | Single Tenant | 1999 | 10,112 | Sq. Ft. | 899,764 | 899,764 | 0.1% | ||||||||
15.13 | Rite Aid - Hermitage, PA | BSPRT | 1851 East State Street | Hermitage | PA | 16148 | Retail | Single Tenant | 1951 | 12,000 | Sq. Ft. | 737,421 | 737,421 | 0.1% | ||||||||
16 | Scripps Ranch Business Park- CA | WFB | 10060, 10070, 10080, 10090 and 10100 Willow Creek Road | San Diego | CA | 92131 | Industrial | Flex | 1978 | 2019 | 94,251 | Sq. Ft. | 183 | 17,250,000 | 17,250,000 | 2.6% | 14,373,192 | N | 10/4/2019 | 11/11/2019 | 10/11/2021 | |
17 | Platte Airpark Tech Campus | AREF | 320-480 Wooten Road | Colorado Springs | CO | 80916 | Office | Suburban | 2001 | 137,423 | Sq. Ft. | 120 | 16,500,000 | 16,500,000 | 2.5% | 13,404,555 | N | 10/25/2019 | 12/6/2019 | 11/6/2020 | ||
18 | HIE & Candlewood Suites Portfolio | AREF | Various | Various | Various | Various | Hospitality | Various | Various | Various | 230 | Rooms | 71,214 | 16,400,000 | 16,379,177 | 2.4% | 13,350,502 | N | 10/18/2019 | 12/6/2019 | ||
18.01 | Holiday Inn Express Grove City Outlet Center | AREF | 21 Holiday Boulevard | Mercer | PA | 16137 | Hospitality | Limited Service | 2001 | 2011 | 74 | Rooms | 5,466,667 | 5,459,726 | 0.8% | |||||||
18.02 | Candlewood Suites Grove City Outlet Center | AREF | 37 Holiday Boulevard | Mercer | PA | 16137 | Hospitality | Extended Stay | 2015 | 82 | Rooms | 5,466,667 | 5,459,726 | 0.8% | ||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | AREF | 231 Park Center Drive | Wadsworth | OH | 44281 | Hospitality | Limited Service | 2000 | 2011 | 74 | Rooms | 5,466,667 | 5,459,726 | 0.8% | |||||||
19 | The Hamptons Apartments | AREF | 5781 Lake Edwards Drive | Virginia Beach | VA | 23462 | Multifamily | Garden | 1973 | 212 | Units | 74,764 | 15,850,000 | 15,850,000 | 2.4% | 15,850,000 | N | 10/9/2019 | 12/6/2019 | 11/6/2029 | ||
20 | Hilton Garden Inn - Ft. Myers | WFB | 12600 University Drive | Fort Myers | FL | 33907 | Hospitality | Select Service | 2001 | 2015 | 126 | Rooms | 112,796 | 14,250,000 | 14,212,353 | 2.1% | 11,422,369 | N | 9/19/2019 | 11/11/2019 | ||
21 | Washington Avenue Portfolio | AREF | Various | Houston | TX | Various | Various | Various | Various | Various | 125,024 | Sq. Ft. | 312 | 13,000,000 | 13,000,000 | 1.9% | 13,000,000 | N | 10/4/2019 | 11/6/2019 | 10/6/2029 | |
21.01 | Washington Avenue Properties | AREF | 5002, 5023, 5101, 5102, 5219, 5316, 5317, 5334, and 5335 Washington Avenue | Houston | TX | 77007 | Mixed Use | Retail/Office | 1940 | 2019 | 55,139 | Sq. Ft. | 10,790,032 | 10,790,032 | 1.6% | |||||||
21.02 | 319 Saint Emanuel | AREF | 319 Saint Emanuel Street | Houston | TX | 77002 | Industrial | Warehouse Distribution | 1951 | 2016 | 56,250 | Sq. Ft. | 2,069,823 | 2,069,823 | 0.3% | |||||||
21.03 | 16210 Clay | AREF | 16210 Clay Road | Houston | TX | 77084 | Industrial | Flex | 1982 | 1992 | 13,635 | Sq. Ft. | 140,144 | 140,144 | 0.0% | |||||||
22 | River Club | AREF | 1010 North Black River Drive | Holland Township | MI | 49424 | Multifamily | Garden | 2002 | 145 | Units | 89,655 | 13,000,000 | 13,000,000 | 1.9% | 13,000,000 | N | 10/25/2019 | 12/6/2019 | 11/6/2029 | ||
23 | Best Western Premier NYC Gateway | RMF | 2650 Paterson Plank Road | North Bergen | NJ | 07047 | Hospitality | Select Service | 2017 | 102 | Rooms | 119,441 | 12,200,000 | 12,182,979 | 1.8% | 9,754,363 | N | 10/17/2019 | 12/6/2019 | |||
24 | Helena & Tillamook Apartment Portfolio | WFB | Various | Portland | OR | Various | Multifamily | Mid Rise | Various | 69 | Units | 159,420 | 11,000,000 | 11,000,000 | 1.6% | 11,000,000 | N | 9/25/2019 | 11/11/2019 | 10/11/2029 | ||
24.01 | Helena Apartments | WFB | 1475 Southeast 14th Avenue | Portland | OR | 97214 | Multifamily | Mid Rise | 2018 | 39 | Units | 6,565,000 | 6,565,000 | 1.0% | ||||||||
24.02 | Tillamook Street Apartments | WFB | 2025 Northeast 42nd Avenue | Portland | OR | 97213 | Multifamily | Mid Rise | 2019 | 30 | Units | 4,435,000 | 4,435,000 | 0.7% | ||||||||
25 | Hilltop Shopping Center | WFB | 1070, 1120, 1140 & 1160 Hilltop Drive | Redding | CA | 96003 | Retail | Anchored | 2002 | 89,595 | Sq. Ft. | 117 | 10,481,250 | 10,481,250 | 1.6% | 10,481,250 | N | 9/4/2019 | 10/11/2019 | 9/11/2029 | ||
26 | Westbrook Office Park III | RMF | 8050 Marshall Drive | Lenexa | KS | 66214 | Office | Suburban | 2001 | 98,507 | Sq. Ft. | 102 | 10,000,000 | 10,000,000 | 1.5% | 8,896,789 | N | 10/15/2019 | 12/6/2019 | 11/6/2023 | ||
27 | Westlake Village I & II | UBS AG | 2000 and 2030 35th Avenue | Greeley | CO | 80634 | Retail | Anchored | 1992 | 2019 | 164,043 | Sq. Ft. | 61 | 10,000,000 | 9,984,457 | 1.5% | 7,819,080 | N | 10/23/2019 | 12/6/2019 | ||
28 | Morse Road Portfolio | UBS AG | Various | Columbus | OH | 43229 | Retail | Various | Various | Various | 110,362 | Sq. Ft. | 82 | 9,050,000 | 9,050,000 | 1.4% | 7,469,388 | N | 10/1/2019 | 11/6/2019 | 10/6/2020 | |
28.01 | Morse Plaza | UBS AG | 1690 Morse Road | Columbus | OH | 43229 | Retail | Anchored | 1967 | 1981 | 96,624 | Sq. Ft. | 6,275,000 | 6,275,000 | 0.9% | |||||||
28.02 | 1607-1635 Morse Road | UBS AG | 1607-1635 Morse Road | Columbus | OH | 43229 | Retail | Shadow Anchored | 2018 | 13,738 | Sq. Ft. | 2,775,000 | 2,775,000 | 0.4% | ||||||||
29 | SPS Vacaville II | WFB | 2400 East Monte Vista Avenue | Vacaville | CA | 95688 | Self Storage | Self Storage | 2016 | 81,833 | Sq. Ft. | 106 | 8,700,000 | 8,700,000 | 1.3% | 7,288,659 | N | 10/1/2019 | 11/11/2019 | 10/11/2021 | ||
30 | Campus Edge Apartments | AREF | 1400 Gainesboro Grade | Cookeville | TN | 38501 | Multifamily | Student Housing | 2017 | 288 | Units | 28,819 | 8,300,000 | 8,300,000 | 1.2% | 8,300,000 | N | 10/23/2019 | 12/6/2019 | 11/6/2029 | ||
31 | Number 10 Main Apartments | AREF | 10 South Main Street | Memphis | TN | 38103 | Multifamily | High Rise | 1908 | 2016 | 112 | Units | 71,429 | 8,000,000 | 8,000,000 | 1.2% | 8,000,000 | N | 10/18/2019 | 12/6/2019 | 11/6/2029 | |
32 | Virginia Varsity Self Storage | WFB | 2031 & 2085 Apperson Drive | Salem | VA | 24153 | Self Storage | Self Storage | 2001 | 67,505 | Sq. Ft. | 119 | 8,000,000 | 8,000,000 | 1.2% | 6,928,788 | N | 9/24/2019 | 11/11/2019 | 10/11/2022 | ||
33 | Renaissance Square | RMF | 564 - 646 South Main Street | Cedar City | UT | 84720 | Retail | Anchored | 1959 | 1996 | 79,595 | Sq. Ft. | 93 | 7,400,000 | 7,400,000 | 1.1% | 6,483,590 | N | 10/21/2019 | 12/6/2019 | 11/6/2022 | |
34 | Shoppes of Cooper City | BSPRT | 12109 Sheridan Street | Cooper City | FL | 33026 | Retail | Unanchored | 1987 | 35,129 | Sq. Ft. | 198 | 6,950,000 | 6,950,000 | 1.0% | 5,879,109 | N | 10/22/2019 | 12/6/2019 | 11/6/2021 | ||
35 | Mountain View & Evergreen MHC Portfolio | RMF | Various | Colorado Springs | CO | 80907 | Manufactured Housing Community | Manufactured Housing Community | Various | 181 | Pads | 35,912 | 6,500,000 | 6,500,000 | 1.0% | 5,595,140 | N | 10/15/2019 | 12/6/2019 | 11/6/2021 | ||
35.01 | Mountain View Estates MHC | RMF | 3100 Wood Avenue | Colorado Springs | CO | 80907 | Manufactured Housing Community | Manufactured Housing Community | 1959 | 142 | Pads | 4,899,334 | 4,899,334 | 0.7% | ||||||||
35.02 | Evergreen Park MHC | RMF | 3000 North Cascade Avenue | Colorado Springs | CO | 80907 | Manufactured Housing Community | Manufactured Housing Community | 1962 | 39 | Pads | 1,600,666 | 1,600,666 | 0.2% | ||||||||
36 | Laurel Bay | AREF | 2400 Fifth Avenue | San Diego | CA | 92101 | Mixed Use | Retail/Office | 2003 | 17,660 | Sq. Ft. | 362 | 6,400,000 | 6,400,000 | 1.0% | 6,400,000 | N | 10/17/2019 | 12/6/2019 | 11/6/2029 | ||
37 | Apollo Point | UBS AG | 19 Cub Circle | Bloomsburg | PA | 17815 | Multifamily | Garden | 2018 | 48 | Units | 129,864 | 6,250,000 | 6,233,488 | 0.9% | 5,009,811 | N | 9/13/2019 | 11/6/2019 | |||
38 | Toledo Shopping Center | BSPRT | 7147-7205 Southwest 8th Street | Miami | FL | 33144 | Mixed Use | Retail/Office | 1975 | 36,000 | Sq. Ft. | 151 | 5,450,000 | 5,450,000 | 0.8% | 5,450,000 | N | 10/21/2019 | 12/6/2019 | 11/6/2029 | ||
39 | Beacon Center Office Park | BSPRT | 529-651 Beacon Parkway | Birmingham | AL | 35209 | Office | Suburban | 1982 | 2019 | 111,545 | Sq. Ft. | 45 | 5,075,000 | 5,055,940 | 0.8% | 3,661,013 | N | 9/19/2019 | 11/6/2019 | ||
40 | CIRE Equity Retail & Industrial Portfolio | UBS AG | Various | Various | Various | Various | Various | Various | Various | Various | 1,190,355 | Sq. Ft. | 108 | 5,000,000 | 5,000,000 | 0.7% | 5,000,000 | N | 5/9/2019 | 7/6/2019 | 6/6/2029 | |
40.01 | Wood Village Town Center | UBS AG | 22557 Park Lane | Wood Village | OR | 97060 | Retail | Anchored | 2006 | 137,105 | Sq. Ft. | 824,016 | 824,016 | 0.1% | ||||||||
40.02 | Pecan Promenade | UBS AG | 2735-2755 South 99th Avenue; 9820-9870 West Lower Buckeye Road | Tolleson | AZ | 85353 | Retail | Anchored | 2006 | 141,485 | Sq. Ft. | 765,990 | 765,990 | 0.1% | ||||||||
40.03 | Valley Plaza | UBS AG | 3115 South McClintock Drive | Tempe | AZ | 85282 | Retail | Anchored | 1991 | 146,226 | Sq. Ft. | 696,836 | 696,836 | 0.1% | ||||||||
40.04 | Pear Tree | UBS AG | 504 East Perkins Street | Ukiah | CA | 95482 | Retail | Anchored | 1977 | 1998 | 197,437 | Sq. Ft. | 649,144 | 649,144 | 0.1% | |||||||
40.05 | Glendale Market Square | UBS AG | 5840, 5870, 5880, 5890 West Bell Road; 17045 North 59th Avenue | Glendale | AZ | 85308 | Retail | Anchored | 1988 | 185,907 | Sq. Ft. | 614,700 | 614,700 | 0.1% | ||||||||
40.06 | Central Park Shopping Center | UBS AG | 7425-7719 East Iliff Avenue; 2150 South Quebec Street | Unincorporated Arapahoe | CO | 80231 | Retail | Anchored | 1986 | 147,563 | Sq. Ft. | 559,059 | 559,059 | 0.1% | ||||||||
40.07 | Val Vista Towne Center | UBS AG | 1395-1505 East Warner Road | Gilbert | AZ | 85296 | Retail | Anchored | 2000 | 93,352 | Sq. Ft. | 492,820 | 492,820 | 0.1% | ||||||||
40.08 | 2641 Hall Ave - Riverside, CA | UBS AG | 2641 Hall Avenue | Riverside | CA | 92509 | Industrial | Warehouse | 1987 | 34,982 | Sq. Ft. | 145,451 | 145,451 | 0.0% | ||||||||
40.09 | 606 W Troy - Indianapolis, IN | UBS AG | 606 West Troy Avenue | Indianapolis | IN | 46225 | Industrial | Warehouse | 1967 | 1989 | 22,860 | Sq. Ft. | 108,632 | 108,632 | 0.0% | |||||||
40.10 | Homeland - Bartow, FL | UBS AG | 5700 US Highway 17 South | Bartow | FL | 33830 | Industrial | Warehouse | 1983 | 67,438 | Sq. Ft. | 76,837 | 76,837 | 0.0% | ||||||||
40.11 | 2621 Hall Ave - Riverside, CA | UBS AG | 2621 Hall Avenue | Riverside | CA | 92509 | Industrial | Warehouse | 1990 | 16,000 | Sq. Ft. | 66,515 | 66,515 | 0.0% | ||||||||
41 | Security Public Storage - Baltimore | WFB | 3500 Pulaski Highway | Baltimore | MD | 21224 | Self Storage | Self Storage | 1959 | 2013 | 86,764 | Sq. Ft. | 52 | 4,500,000 | 4,500,000 | 0.7% | 3,869,337 | N | 10/1/2019 | 11/11/2019 | 10/11/2022 | |
42 | Comfort Suites at The University | UBS AG | 2480 US Highway 501 East | Conway | SC | 29526 | Hospitality | Limited Service | 1999 | 78 | Rooms | 57,533 | 4,500,000 | 4,487,561 | 0.7% | 3,577,567 | N | 10/4/2019 | 11/6/2019 | |||
43 | Batavia Self Storage | RMF | 190 Batavia Lane | Kalispell | MT | 59901 | Self Storage | Self Storage | 1984 | 90,190 | Sq. Ft. | 42 | 3,800,000 | 3,793,267 | 0.6% | 2,803,578 | N | 10/18/2019 | 12/6/2019 | |||
44 | Bent Palms Apartments | RMF | 16540 Bent Palms Cove | Fort Myers | FL | 33908 | Multifamily | Garden | 2016 | 27 | Units | 138,889 | 3,750,000 | 3,750,000 | 0.6% | 3,162,446 | N | 10/17/2019 | 12/6/2019 | 11/6/2021 |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | First P&I Pay Date(4) | Maturity Date or Anticipated Repayment Date(4) | ARD Loan Maturity Date(4) | Gross Mortgage Rate | Trust Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($)(4) | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.) | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions(5) |
1 | Continental Park - Rosecrans Douglas | 11/6/2029 | 3.34000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.32130% | Actual/360 | 155,634.72 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(23),GRTR 1% or YM(90),O(7) | ||
2 | West Bountiful Commons | 11/6/2029 | 3.84000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.82130% | Actual/360 | 113,053.33 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
3 | Torrey Ridge Apartments | 11/11/2021 | 10/11/2029 | 4.07000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.05130% | Actual/360 | 156,474.40 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),D(90),O(4) | |
4 | 74 Kent Street & 11-20 46th Road | 11/6/2029 | 4.31000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.29130% | Actual/360 | 111,371.60 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
4.01 | 74 Kent Street | ||||||||||||||||||||||
4.02 | 11-20 46th Road | ||||||||||||||||||||||
5 | 77 Clinton Avenue | 11/6/2029 | 3.85000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.83130% | Actual/360 | 99,158.89 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
6 | Takoma Metro Center | 10/6/2029 | 3.79000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.77130% | Actual/360 | 88,622.83 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(89),O(5) | ||
7 | The Tower at Burbank | 8/11/2029 | 3.13000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.11130% | Actual/360 | 66,295.14 | Interest-only, Balloon | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 | 4 | GRTR 0.5% or YM(28),GRTR 0.5% or YM or D(85),O(7) | ||
8 | Planet Self Storage Portfolio | 10/6/2024 | 3.17500% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.15630% | Actual/360 | 67,248.26 | Interest-only, Balloon | Actual/360 | 60 | 58 | 60 | 58 | 0 | 0 | 2 | L(26),D(30),O(4) | ||
8.01 | Prime Storage - Somerville | ||||||||||||||||||||||
8.02 | Prime Storage - Newington | ||||||||||||||||||||||
8.03 | Prime Storage - Washington | ||||||||||||||||||||||
8.04 | Prime Storage - Brookfield | ||||||||||||||||||||||
8.05 | Prime Storage - Quakertown | ||||||||||||||||||||||
8.06 | Prime Storage - Hyde Park | ||||||||||||||||||||||
8.07 | Prime Storage - Phillipsburg | ||||||||||||||||||||||
8.08 | Prime Storage - New Milford | ||||||||||||||||||||||
8.09 | Prime Storage - Fairless Hills | ||||||||||||||||||||||
8.10 | Prime Storage - Clinton | ||||||||||||||||||||||
8.11 | Prime Storage - Lindenwold | ||||||||||||||||||||||
9 | The District at Tuttle | 10/6/2029 | 4.28333% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.26463% | Actual/360 | 87,094.38 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | ||
10 | 730 Arizona Avenue | 9/11/2029 | 3.97000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.95130% | Actual/360 | 76,518.99 | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(89),O(4) | ||
11 | Phoenix Industrial Portfolio II | 11/6/2022 | 10/6/2029 | 4.45000% | 0.00193% | 0.01090% | 0.00375% | 0.00050% | 0.00037% | 4.43255% | Actual/360 | 100,743.75 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 | 360 | 2 | L(26),D(88),O(6) | |
11.01 | Flint | ||||||||||||||||||||||
11.02 | Beloit | ||||||||||||||||||||||
11.03 | DuBois | ||||||||||||||||||||||
11.04 | Jefferson | ||||||||||||||||||||||
11.05 | Huntsville | ||||||||||||||||||||||
12 | North & Sheffield | 10/11/2029 | 3.60000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.58130% | Actual/360 | 59,475.00 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | ||
13 | Global Payments, Inc. | 11/6/2029 | 11/6/2034 | 3.85000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.83130% | Actual/360 | 62,519.03 | Interest-only, ARD | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | YM(25),YM or D(91),O(4) | |
14 | Somerset Park at Union | 11/6/2029 | 3.81000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.79130% | Actual/360 | 60,523.44 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
15 | NMR Pharmacy Portfolio | 10/6/2029 | 4.31600% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.29730% | Actual/360 | 63,990.69 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | ||
15.01 | WAG - Knoxville, TN | ||||||||||||||||||||||
15.02 | WAG - Cincinnati, OH | ||||||||||||||||||||||
15.03 | WAG - Huntington, IN | ||||||||||||||||||||||
15.04 | CVS - Dublin, OH | ||||||||||||||||||||||
15.05 | CVS - Ashland, KY | ||||||||||||||||||||||
15.06 | WAG - Akron, OH | ||||||||||||||||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | ||||||||||||||||||||||
15.08 | CVS - Bristol, VA | ||||||||||||||||||||||
15.09 | CVS - Bristol, TN | ||||||||||||||||||||||
15.10 | CVS - Evans, GA | ||||||||||||||||||||||
15.11 | WAG - Henderson, KY | ||||||||||||||||||||||
15.12 | CVS - Summerfield, NC | ||||||||||||||||||||||
15.13 | Rite Aid - Hermitage, PA | ||||||||||||||||||||||
16 | Scripps Ranch Business Park- CA | 11/11/2021 | 10/11/2029 | 3.62000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.60130% | Actual/360 | 78,620.31 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),GRTR 1% or YM or D(87),O(7) | |
17 | Platte Airpark Tech Campus | 12/6/2020 | 11/6/2029 | 3.75900% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.74030% | Actual/360 | 76,498.36 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 12 | 11 | 360 | 360 | 1 | L(25),D(91),O(4) | |
18 | HIE & Candlewood Suites Portfolio | 12/6/2019 | 11/6/2029 | 4.70000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.68130% | Actual/360 | 85,056.60 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(92),O(3) | ||
18.01 | Holiday Inn Express Grove City Outlet Center | ||||||||||||||||||||||
18.02 | Candlewood Suites Grove City Outlet Center | ||||||||||||||||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | ||||||||||||||||||||||
19 | The Hamptons Apartments | 11/6/2029 | 4.03000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.01130% | Actual/360 | 54,116.74 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
20 | Hilton Garden Inn - Ft. Myers | 11/11/2019 | 10/11/2029 | 4.25000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.23130% | Actual/360 | 70,101.43 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||
21 | Washington Avenue Portfolio | 10/6/2029 | 3.40000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.38130% | Actual/360 | 37,447.22 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | ||
21.01 | Washington Avenue Properties | ||||||||||||||||||||||
21.02 | 319 Saint Emanuel | ||||||||||||||||||||||
21.03 | 16210 Clay | ||||||||||||||||||||||
22 | River Club | 11/6/2029 | 3.38000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.36130% | Actual/360 | 37,226.94 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
23 | Best Western Premier NYC Gateway | 12/6/2019 | 11/6/2029 | 4.18000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.16130% | Actual/360 | 59,517.77 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | ||
24 | Helena & Tillamook Apartment Portfolio | 10/11/2029 | 3.44000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.42130% | Actual/360 | 32,058.89 | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | ||
24.01 | Helena Apartments | ||||||||||||||||||||||
24.02 | Tillamook Street Apartments | ||||||||||||||||||||||
25 | Hilltop Shopping Center | 9/11/2029 | 3.34000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.32130% | Actual/360 | 29,659.03 | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(86),O(7) | ||
26 | Westbrook Office Park III | 12/6/2023 | 11/6/2029 | 4.16000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.14130% | Actual/360 | 48,668.54 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 48 | 47 | 360 | 360 | 1 | L(25),D(91),O(4) | |
27 | Westlake Village I & II | 12/6/2019 | 11/6/2029 | 3.57100% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.55230% | Actual/360 | 45,301.73 | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | ||
28 | Morse Road Portfolio | 11/6/2020 | 10/6/2029 | 4.25000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.23130% | Actual/360 | 44,520.56 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 12 | 10 | 360 | 360 | 2 | L(26),D(90),O(4) | |
28.01 | Morse Plaza | ||||||||||||||||||||||
28.02 | 1607-1635 Morse Road | ||||||||||||||||||||||
29 | SPS Vacaville II | 11/11/2021 | 10/11/2029 | 3.80700% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.78830% | Actual/360 | 40,572.97 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 24 | 22 | 360 | 360 | 2 | L(26),GRTR 1% or YM or D(87),O(7) | |
30 | Campus Edge Apartments | 11/6/2029 | 3.62500% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.60630% | Actual/360 | 25,490.80 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
31 | Number 10 Main Apartments | 11/6/2029 | 4.91000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.89130% | Actual/360 | 33,278.89 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(92),O(3) | ||
32 | Virginia Varsity Self Storage | 11/11/2022 | 10/11/2029 | 4.05000% | 0.00193% | 0.01090% | 0.06250% | 0.00050% | 0.00037% | 3.97380% | Actual/360 | 38,424.19 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 | 360 | 2 | L(26),D(90),O(4) | |
33 | Renaissance Square | 12/6/2022 | 11/6/2029 | 4.54000% | 0.00193% | 0.01090% | 0.05250% | 0.00050% | 0.00037% | 4.47380% | Actual/360 | 37,670.79 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(24),GRTR 1% or YM(92),O(4) | |
34 | Shoppes of Cooper City | 12/6/2021 | 11/6/2029 | 4.15000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.13130% | Actual/360 | 33,784.18 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) | |
35 | Mountain View & Evergreen MHC Portfolio | 12/6/2021 | 11/6/2029 | 4.80000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.78130% | Actual/360 | 34,103.25 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) | |
35.01 | Mountain View Estates MHC | ||||||||||||||||||||||
35.02 | Evergreen Park MHC | ||||||||||||||||||||||
36 | Laurel Bay | 11/6/2029 | 4.40000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.38130% | Actual/360 | 23,857.78 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | ||
37 | Apollo Point | 11/6/2019 | 10/6/2029 | 4.25000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.23130% | Actual/360 | 30,746.24 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||
38 | Toledo Shopping Center | 11/6/2029 | 4.55000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.53130% | Actual/360 | 21,008.99 | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(1),GRTR 1% or YM(115),O(4) | ||
39 | Beacon Center Office Park | 11/6/2019 | 10/6/2029 | 4.05000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.03130% | Actual/360 | 26,928.03 | Amortizing Balloon | 120 | 118 | 0 | 0 | 300 | 298 | 2 | L(26),D(90),O(4) | ||
40 | CIRE Equity Retail & Industrial Portfolio | 6/6/2029 | 4.13900% | 0.00193% | 0.01090% | 0.01145% | 0.00050% | 0.00037% | 4.11385% | Actual/360 | 17,533.26 | Interest-only, Balloon | Actual/360 | 120 | 114 | 120 | 114 | 0 | 0 | 6 | L(24),GRTR 1% or YM(89),O(7) | ||
40.01 | Wood Village Town Center | ||||||||||||||||||||||
40.02 | Pecan Promenade | ||||||||||||||||||||||
40.03 | Valley Plaza | ||||||||||||||||||||||
40.04 | Pear Tree | ||||||||||||||||||||||
40.05 | Glendale Market Square | ||||||||||||||||||||||
40.06 | Central Park Shopping Center | ||||||||||||||||||||||
40.07 | Val Vista Towne Center | ||||||||||||||||||||||
40.08 | 2641 Hall Ave - Riverside, CA | ||||||||||||||||||||||
40.09 | 606 W Troy - Indianapolis, IN | ||||||||||||||||||||||
40.10 | Homeland - Bartow, FL | ||||||||||||||||||||||
40.11 | 2621 Hall Ave - Riverside, CA | ||||||||||||||||||||||
41 | Security Public Storage - Baltimore | 11/11/2022 | 10/11/2029 | 3.75700% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 3.73830% | Actual/360 | 20,858.08 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 36 | 34 | 360 | 360 | 2 | L(26),GRTR 1% or YM or D(87),O(7) | |
42 | Comfort Suites at The University | 11/6/2019 | 10/6/2029 | 4.02000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.00130% | Actual/360 | 21,535.61 | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | ||
43 | Batavia Self Storage | 12/6/2019 | 11/6/2029 | 4.63800% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.61930% | Actual/360 | 21,420.39 | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | 299 | 1 | L(25),D(91),O(4) | ||
44 | Bent Palms Apartments | 12/6/2021 | 11/6/2029 | 4.04000% | 0.00193% | 0.01090% | 0.00500% | 0.00050% | 0.00037% | 4.02130% | Actual/360 | 17,989.66 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Grace Period Default (Days)(8) | Grace Period Late (Days) | Appraised Value ($)(6) | Appraisal Date | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Units | Coop - Sponsor Carry | Coop - Committed Secondary Debt | U/W NOI DSCR (x)(3)(7) | U/W NCF DSCR (x)(3)(7) | Cut-off Date LTV Ratio(3)(6)(7) | LTV Ratio at Maturity or ARD(3)(6)(7) | Cut-off Date U/W NOI Debt Yield(3)(7) | Cut-off Date U/W NCF Debt Yield(3)(7) | U/W Revenues ($) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate(9) | Occupancy as-of Date |
1 | Continental Park - Rosecrans Douglas | 0 | 0 | 104,000,000 | 9/15/2019 | 3.19 | 3.06 | 52.9% | 52.9% | 10.8% | 10.4% | 7,523,684 | 1,563,060 | 5,960,625 | 41,202 | 206,012 | 5,713,410 | 100.0% | 9/9/2019 | ||||||||
2 | West Bountiful Commons | 0 | 0 | 53,700,000 | 9/20/2019 | 2.52 | 2.40 | 64.7% | 64.7% | 9.8% | 9.4% | 3,968,218 | 549,945 | 3,418,273 | 28,402 | 127,989 | 3,261,882 | 99.2% | 9/12/2019 | ||||||||
3 | Torrey Ridge Apartments | 0 | 0 | 47,500,000 | 8/20/2019 | 1.60 | 1.54 | 68.4% | 57.8% | 9.2% | 8.9% | 5,046,608 | 2,042,395 | 3,004,213 | 107,328 | 0 | 2,896,885 | 93.8% | 9/27/2019 | ||||||||
4 | 74 Kent Street & 11-20 46th Road | 0, 5 days grace once every 12 months | 0 | 49,000,000 | Various | 2.00 | 1.94 | 62.2% | 62.2% | 8.7% | 8.5% | 3,134,675 | 467,984 | 2,666,691 | 13,294 | 66,470 | 2,586,927 | 100.0% | 10/1/2019 | ||||||||
4.01 | 74 Kent Street | 24,700,000 | 7/16/2019 | 1,640,000 | 237,261 | 1,402,739 | 6,349 | 31,745 | 1,364,645 | 100.0% | 10/1/2019 | ||||||||||||||||
4.02 | 11-20 46th Road | 24,300,000 | 12/1/2019 | 1,494,675 | 230,723 | 1,263,952 | 6,945 | 34,725 | 1,222,282 | 100.0% | 10/1/2019 | ||||||||||||||||
5 | 77 Clinton Avenue | 5 | 0 | 56,000,000 | 10/1/2020 | 2.28 | 2.19 | 54.3% | 54.3% | 8.9% | 8.6% | 3,251,375 | 538,386 | 2,712,989 | 25,400 | 87,000 | 2,600,589 | 100.0% | 12/1/2019 | ||||||||
6 | Takoma Metro Center | 0 | 5 | 39,600,000 | 8/27/2019 | 2.51 | 2.33 | 69.7% | 69.7% | 9.7% | 9.0% | 3,998,690 | 1,325,867 | 2,672,824 | 39,621 | 158,486 | 2,474,717 | 91.3% | 8/23/2019 | ||||||||
7 | The Tower at Burbank | 0 | 0 | 314,000,000 | 6/24/2019 | 3.16 | 3.06 | 62.1% | 62.1% | 10.0% | 9.7% | 26,246,146 | 6,650,351 | 19,595,795 | 98,161 | 490,807 | 19,006,826 | 97.3% | 7/1/2019 | ||||||||
8 | Planet Self Storage Portfolio | 0 | 0 | 104,250,000 | Various | 2.45 | 2.42 | 67.1% | 67.1% | 7.9% | 7.8% | 8,246,557 | 2,709,614 | 5,536,943 | 64,001 | 0 | 5,472,942 | 85.2% | 8/31/2019 | ||||||||
8.01 | Prime Storage - Somerville | 12,170,000 | 8/30/2019 | 971,690 | 284,784 | 686,906 | 7,219 | 0 | 679,687 | 89.7% | 8/31/2019 | ||||||||||||||||
8.02 | Prime Storage - Newington | 12,440,000 | 8/28/2019 | 923,532 | 308,261 | 615,271 | 8,793 | 0 | 606,479 | 80.5% | 8/31/2019 | ||||||||||||||||
8.03 | Prime Storage - Washington | 10,790,000 | 8/24/2019 | 959,980 | 250,447 | 709,533 | 6,345 | 0 | 703,188 | 95.2% | 8/31/2019 | ||||||||||||||||
8.04 | Prime Storage - Brookfield | 9,090,000 | 8/28/2019 | 820,132 | 302,550 | 517,582 | 6,135 | 0 | 511,447 | 82.0% | 8/31/2019 | ||||||||||||||||
8.05 | Prime Storage - Quakertown | 9,190,000 | 8/28/2019 | 801,045 | 264,368 | 536,678 | 6,745 | 0 | 529,933 | 79.7% | 8/31/2019 | ||||||||||||||||
8.06 | Prime Storage - Hyde Park | 9,250,000 | 8/30/2019 | 700,235 | 240,680 | 459,556 | 2,750 | 0 | 456,806 | 78.6% | 8/31/2019 | ||||||||||||||||
8.07 | Prime Storage - Phillipsburg | 7,040,000 | 8/24/2019 | 638,378 | 212,173 | 426,205 | 7,304 | 0 | 418,902 | 88.4% | 8/31/2019 | ||||||||||||||||
8.08 | Prime Storage - New Milford | 7,040,000 | 8/28/2019 | 636,828 | 212,508 | 424,320 | 4,105 | 0 | 420,215 | 83.0% | 8/31/2019 | ||||||||||||||||
8.09 | Prime Storage - Fairless Hills | 6,790,000 | 8/28/2019 | 625,804 | 202,862 | 422,942 | 4,221 | 0 | 418,721 | 91.7% | 8/31/2019 | ||||||||||||||||
8.10 | Prime Storage - Clinton | 6,490,000 | 8/24/2019 | 554,958 | 177,843 | 377,115 | 3,554 | 0 | 373,561 | 91.3% | 8/31/2019 | ||||||||||||||||
8.11 | Prime Storage - Lindenwold | 6,060,000 | 8/29/2019 | 613,973 | 253,139 | 360,834 | 6,831 | 0 | 354,004 | 81.2% | 8/31/2019 | ||||||||||||||||
9 | The District at Tuttle | 0 | 0 | 37,100,000 | 8/5/2019 | 1.82 | 1.78 | 64.7% | 64.7% | 7.9% | 7.7% | 3,184,800 | 1,281,433 | 1,903,367 | 45,600 | 0 | 1,857,767 | 95.2% | 9/9/2019 | ||||||||
10 | 730 Arizona Avenue | 0 | 0 | 38,000,000 | 7/9/2019 | 2.21 | 2.13 | 59.9% | 59.9% | 8.9% | 8.6% | 2,653,534 | 623,222 | 2,030,312 | 2,882 | 72,056 | 1,955,375 | 100.0% | 12/1/2019 | ||||||||
11 | Phoenix Industrial Portfolio II | 0 | 0 | 91,700,000 | Various | 1.63 | 1.41 | 74.2% | 64.8% | 9.8% | 8.5% | 9,131,734 | 2,447,004 | 6,684,731 | 359,446 | 513,774 | 5,811,511 | 93.8% | Various | ||||||||
11.01 | Flint | 22,400,000 | 8/8/2019 | 2,526,240 | 410,208 | 2,116,032 | 129,298 | 120,119 | 1,866,615 | 100.0% | 12/1/2019 | ||||||||||||||||
11.02 | Beloit | 19,400,000 | 8/12/2019 | 1,689,683 | 921,780 | 767,903 | 35,351 | 79,199 | 653,354 | 67.0% | 9/6/2019 | ||||||||||||||||
11.03 | DuBois | 19,200,000 | 8/16/2019 | 1,987,794 | 534,766 | 1,453,028 | 42,896 | 129,572 | 1,280,560 | 100.0% | 12/1/2019 | ||||||||||||||||
11.04 | Jefferson | 19,200,000 | 8/12/2019 | 1,632,426 | 245,814 | 1,386,611 | 121,272 | 117,899 | 1,147,440 | 100.0% | 12/1/2019 | ||||||||||||||||
11.05 | Huntsville | 11,500,000 | 8/19/2019 | 1,295,591 | 334,435 | 961,156 | 30,628 | 66,985 | 863,543 | 95.9% | 9/6/2019 | ||||||||||||||||
12 | North & Sheffield | 0 | 0 | 33,200,000 | 8/15/2019 | 2.32 | 2.22 | 58.7% | 58.7% | 8.5% | 8.1% | 2,447,912 | 794,113 | 1,653,798 | 6,352 | 63,524 | 1,583,922 | 100.0% | 9/24/2019 | ||||||||
13 | Global Payments, Inc. | 5 | 0 | 42,000,000 | 8/29/2019 | 2.23 | 2.23 | 69.4% | 69.4% | 8.7% | 8.7% | 2,619,544 | 78,586 | 2,540,957 | 0 | 0 | 2,540,957 | 100.0% | 12/1/2019 | ||||||||
14 | Somerset Park at Union | 0 | 0 | 27,000,000 | 8/29/2019 | 2.32 | 2.16 | 63.9% | 63.9% | 9.0% | 8.4% | 3,398,105 | 1,845,705 | 1,552,400 | 106,000 | 0 | 1,446,400 | 95.8% | 10/18/2019 | ||||||||
15 | NMR Pharmacy Portfolio | 0 | 0 | 50,700,000 | 8/29/2019 | 2.02 | 1.96 | 62.7% | 62.7% | 8.9% | 8.6% | 2,931,161 | 113,838 | 2,817,323 | 19,238 | 66,295 | 2,731,790 | 100.0% | 12/1/2019 | ||||||||
15.01 | WAG - Knoxville, TN | 7,825,000 | 8/19/2019 | 518,420 | 20,022 | 498,398 | 0 | 0 | 498,398 | 100.0% | 12/1/2019 | ||||||||||||||||
15.02 | WAG - Cincinnati, OH | 5,600,000 | 8/13/2019 | 346,750 | 13,596 | 333,154 | 4,205 | 14,490 | 314,460 | 100.0% | 12/1/2019 | ||||||||||||||||
15.03 | WAG - Huntington, IN | 4,560,000 | 8/19/2019 | 303,525 | 11,901 | 291,624 | 4,389 | 15,125 | 272,110 | 100.0% | 12/1/2019 | ||||||||||||||||
15.04 | CVS - Dublin, OH | 3,910,000 | 4/17/2019 | 201,410 | 7,779 | 193,631 | 0 | 0 | 193,631 | 100.0% | 12/1/2019 | ||||||||||||||||
15.05 | CVS - Ashland, KY | 3,700,000 | 4/22/2019 | 197,776 | 7,638 | 190,138 | 0 | 0 | 190,138 | 100.0% | 12/1/2019 | ||||||||||||||||
15.06 | WAG - Akron, OH | 3,400,000 | 8/20/2019 | 214,180 | 8,398 | 205,783 | 3,917 | 13,500 | 188,365 | 100.0% | 12/1/2019 | ||||||||||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | 2,950,000 | 4/17/2019 | 245,278 | 9,513 | 235,764 | 3,244 | 11,180 | 221,340 | 100.0% | 12/1/2019 | ||||||||||||||||
15.08 | CVS - Bristol, VA | 2,875,000 | 4/11/2019 | 155,582 | 6,009 | 149,573 | 0 | 0 | 149,573 | 100.0% | 12/1/2019 | ||||||||||||||||
15.09 | CVS - Bristol, TN | 2,950,000 | 4/11/2019 | 159,330 | 6,153 | 153,177 | 0 | 0 | 153,177 | 100.0% | 12/1/2019 | ||||||||||||||||
15.10 | CVS - Evans, GA | 2,900,000 | 4/17/2019 | 154,962 | 5,985 | 148,977 | 0 | 0 | 148,977 | 100.0% | 12/1/2019 | ||||||||||||||||
15.11 | WAG - Henderson, KY | 2,450,000 | 8/16/2019 | 156,800 | 6,056 | 150,744 | 0 | 0 | 150,744 | 100.0% | 12/1/2019 | ||||||||||||||||
15.12 | CVS - Summerfield, NC | 2,525,000 | 4/16/2019 | 129,747 | 5,011 | 124,736 | 0 | 0 | 124,736 | 100.0% | 12/1/2019 | ||||||||||||||||
15.13 | Rite Aid - Hermitage, PA | 2,000,000 | 4/18/2019 | 147,402 | 5,779 | 141,623 | 3,482 | 12,000 | 126,140 | 100.0% | 12/1/2019 | ||||||||||||||||
16 | Scripps Ranch Business Park- CA | 0 | 0 | 23,500,000 | 8/26/2019 | 1.69 | 1.59 | 73.4% | 61.2% | 9.2% | 8.7% | 2,194,135 | 602,151 | 1,591,984 | 15,080 | 77,874 | 1,499,030 | 100.0% | 10/1/2019 | ||||||||
17 | Platte Airpark Tech Campus | 0 | 0 | 23,580,000 | 9/20/2019 | 2.16 | 2.05 | 70.0% | 56.8% | 12.0% | 11.4% | 2,675,145 | 694,586 | 1,980,559 | 27,485 | 72,423 | 1,880,652 | 100.0% | 10/31/2019 | ||||||||
18 | HIE & Candlewood Suites Portfolio | 0 | 0 | 28,300,000 | Various | 2.02 | 1.79 | 57.9% | 47.2% | 12.6% | 11.2% | 5,777,620 | 3,714,725 | 2,062,895 | 231,105 | 0 | 1,831,791 | 64.6% | 7/31/2019 | ||||||||
18.01 | Holiday Inn Express Grove City Outlet Center | 10,500,000 | 7/1/2020 | 2,010,563 | 1,414,017 | 596,546 | 80,423 | 0 | 516,124 | 68.5% | 7/31/2019 | ||||||||||||||||
18.02 | Candlewood Suites Grove City Outlet Center | 9,000,000 | 7/1/2019 | 1,583,602 | 885,156 | 698,446 | 63,344 | 0 | 635,102 | 57.5% | 7/31/2019 | ||||||||||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | 8,800,000 | 7/1/2020 | 2,183,455 | 1,415,552 | 767,903 | 87,338 | 0 | 680,565 | 68.5% | 7/31/2019 | ||||||||||||||||
19 | The Hamptons Apartments | 0 | 0 | 19,300,000 | 9/17/2019 | 2.22 | 2.13 | 74.5% | 74.5% | 9.1% | 8.7% | 2,328,876 | 1,023,003 | 1,305,873 | 53,000 | 0 | 1,252,873 | 92.0% | 9/8/2019 | ||||||||
20 | Hilton Garden Inn - Ft. Myers | 0 | 0 | 22,000,000 | 7/10/2020 | 2.23 | 1.98 | 64.6% | 51.9% | 13.2% | 11.7% | 5,302,467 | 3,422,411 | 1,880,056 | 212,099 | 0 | 1,667,957 | 77.0% | 7/31/2019 | ||||||||
21 | Washington Avenue Portfolio | 0 | 0 | 60,295,000 | Various | 3.03 | 2.94 | 64.7% | 64.7% | 10.5% | 10.2% | 5,394,081 | 1,307,106 | 4,086,975 | 18,754 | 100,000 | 3,968,222 | 100.0% | Various | ||||||||
21.01 | Washington Avenue Properties | 50,045,000 | Various | 4,146,381 | 955,147 | 3,191,234 | 8,271 | 44,103 | 3,138,860 | 100.0% | 9/18/2019 | ||||||||||||||||
21.02 | 319 Saint Emanuel | 9,600,000 | 9/4/2019 | 1,176,450 | 334,009 | 842,441 | 8,438 | 44,991 | 789,012 | 100.0% | 12/1/2019 | ||||||||||||||||
21.03 | 16210 Clay | 650,000 | 9/4/2019 | 71,250 | 17,950 | 53,300 | 2,045 | 10,906 | 40,349 | 100.0% | 12/1/2019 | ||||||||||||||||
22 | River Club | 0 | 0 | 19,850,000 | 9/11/2019 | 2.98 | 2.88 | 65.5% | 65.5% | 10.2% | 9.9% | 1,971,103 | 639,826 | 1,331,278 | 42,891 | 0 | 1,288,387 | 95.2% | 10/4/2019 | ||||||||
23 | Best Western Premier NYC Gateway | 0 | 0 | 19,600,000 | 9/26/2019 | 2.31 | 2.08 | 62.2% | 49.8% | 13.5% | 12.2% | 4,059,190 | 2,410,679 | 1,648,511 | 162,368 | 0 | 1,486,144 | 68.6% | 8/31/2019 | ||||||||
24 | Helena & Tillamook Apartment Portfolio | 0 | 0 | 18,500,000 | 8/21/2019 | 2.42 | 2.37 | 59.5% | 59.5% | 8.5% | 8.3% | 1,265,248 | 334,406 | 930,841 | 17,750 | 2,348 | 910,743 | 98.6% | 8/16/2019 | ||||||||
24.01 | Helena Apartments | 10,890,000 | 8/21/2019 | 746,405 | 193,240 | 553,165 | 10,000 | 2,108 | 541,057 | 97.4% | 8/16/2019 | ||||||||||||||||
24.02 | Tillamook Street Apartments | 7,610,000 | 8/21/2019 | 518,843 | 141,167 | 377,676 | 7,750 | 241 | 369,686 | 100.0% | 8/16/2019 | ||||||||||||||||
25 | Hilltop Shopping Center | 0 | 5 | 16,290,000 | 8/1/2019 | 3.72 | 3.52 | 64.3% | 64.3% | 12.6% | 12.0% | 1,630,679 | 305,419 | 1,325,260 | 17,919 | 53,639 | 1,253,701 | 100.0% | 9/1/2019 | ||||||||
26 | Westbrook Office Park III | 0 | 0 | 15,300,000 | 8/29/2019 | 2.08 | 1.91 | 65.4% | 58.1% | 12.1% | 11.1% | 2,219,671 | 1,007,688 | 1,211,983 | 19,701 | 78,806 | 1,113,476 | 100.0% | 9/30/2019 | ||||||||
27 | Westlake Village I & II | 0 | 0 | 28,900,000 | 9/13/2019 | 3.36 | 3.09 | 34.5% | 27.1% | 18.3% | 16.8% | 2,956,344 | 1,128,219 | 1,828,124 | 24,606 | 122,035 | 1,681,483 | 100.0% | 10/16/2019 | ||||||||
28 | Morse Road Portfolio | 0 | 0 | 12,600,000 | Various | 1.75 | 1.61 | 71.8% | 59.3% | 10.3% | 9.5% | 1,241,367 | 306,418 | 934,949 | 16,554 | 59,189 | 859,206 | 100.0% | 9/1/2019 | ||||||||
28.01 | Morse Plaza | 8,600,000 | 7/1/2019 | 886,311 | 227,323 | 658,988 | 14,494 | 46,840 | 597,654 | 100.0% | 9/1/2019 | ||||||||||||||||
28.02 | 1607-1635 Morse Road | 4,000,000 | 8/19/2019 | 355,057 | 79,095 | 275,961 | 2,061 | 12,349 | 261,552 | 100.0% | 9/1/2019 | ||||||||||||||||
29 | SPS Vacaville II | 0 | 0 | 12,500,000 | 8/23/2019 | 1.58 | 1.56 | 69.6% | 58.3% | 8.8% | 8.7% | 1,125,458 | 358,260 | 767,198 | 8,183 | 0 | 759,015 | 95.9% | 8/20/2019 | ||||||||
30 | Campus Edge Apartments | 0 | 0 | 17,800,000 | 10/1/2019 | 3.30 | 3.20 | 46.6% | 46.6% | 12.2% | 11.8% | 1,826,948 | 817,847 | 1,009,100 | 28,800 | 0 | 980,300 | 98.3% | 9/30/2019 | ||||||||
31 | Number 10 Main Apartments | 0 | 0 | 13,000,000 | 8/13/2019 | 2.18 | 2.11 | 61.5% | 61.5% | 10.9% | 10.5% | 1,753,346 | 883,740 | 869,605 | 28,000 | 0 | 841,605 | 96.4% | 9/30/2019 | ||||||||
32 | Virginia Varsity Self Storage | 0 | 0 | 11,400,000 | 8/9/2019 | 1.61 | 1.60 | 70.2% | 60.8% | 9.3% | 9.2% | 958,679 | 215,104 | 743,575 | 6,613 | 0 | 736,962 | 95.2% | 8/15/2019 | ||||||||
33 | Renaissance Square | 0 | 0 | 10,600,000 | 9/21/2019 | 1.64 | 1.46 | 69.8% | 61.2% | 10.0% | 8.9% | 938,753 | 198,371 | 740,382 | 13,531 | 67,055 | 659,795 | 89.8% | 10/3/2019 | ||||||||
34 | Shoppes of Cooper City | 0 | 0 | 9,500,000 | 9/6/2019 | 1.59 | 1.49 | 73.2% | 61.9% | 9.3% | 8.7% | 1,029,160 | 384,732 | 644,428 | 7,026 | 31,411 | 605,991 | 84.2% | 10/23/2019 | ||||||||
35 | Mountain View & Evergreen MHC Portfolio | 0 | 0 | 12,020,000 | 7/30/2019 | 1.43 | 1.41 | 54.1% | 46.5% | 9.0% | 8.8% | 999,206 | 414,937 | 584,269 | 9,250 | 0 | 575,019 | 89.5% | 9/23/2019 | ||||||||
35.01 | Mountain View Estates MHC | 9,060,000 | 7/30/2019 | 769,190 | 313,680 | 455,510 | 7,100 | 0 | 448,410 | 91.5% | 9/23/2019 | ||||||||||||||||
35.02 | Evergreen Park MHC | 2,960,000 | 7/30/2019 | 230,016 | 101,256 | 128,759 | 2,150 | 0 | 126,609 | 82.1% | 9/23/2019 | ||||||||||||||||
36 | Laurel Bay | 0 | 5 | 10,000,000 | 5/3/2019 | 2.15 | 2.07 | 64.0% | 64.0% | 9.6% | 9.3% | 878,285 | 263,238 | 615,047 | 4,415 | 17,660 | 592,972 | 100.0% | 4/30/2019 | ||||||||
37 | Apollo Point | 0 | 0 | 8,800,000 | 6/14/2019 | 1.70 | 1.67 | 70.8% | 56.9% | 10.1% | 9.9% | 819,018 | 191,385 | 627,633 | 12,000 | 0 | 615,633 | 95.8% | 8/12/2019 | ||||||||
38 | Toledo Shopping Center | 0 | 0 | 9,500,000 | 8/15/2019 | 2.31 | 2.20 | 57.4% | 57.4% | 10.7% | 10.2% | 851,340 | 268,872 | 582,467 | 6,480 | 21,000 | 554,987 | 100.0% | 10/1/2019 | ||||||||
39 | Beacon Center Office Park | 0 | 0 | 7,300,000 | 9/1/2019 | 2.52 | 2.13 | 69.3% | 50.2% | 16.1% | 13.6% | 1,369,180 | 555,981 | 813,199 | 22,309 | 101,545 | 689,345 | 89.4% | 9/1/2019 | ||||||||
40 | CIRE Equity Retail & Industrial Portfolio | 0 | 0 | 198,100,000 | Various | 2.42 | 2.27 | 64.9% | 64.9% | 10.2% | 9.6% | 17,894,164 | 4,772,257 | 13,121,906 | 223,431 | 595,178 | 12,303,298 | 91.4% | Various | ||||||||
40.01 | Wood Village Town Center | 31,100,000 | 3/30/2019 | 2,664,878 | 653,930 | 2,010,947 | 23,131 | 68,553 | 1,919,264 | 94.1% | 5/1/2019 | ||||||||||||||||
40.02 | Pecan Promenade | 28,910,000 | 4/3/2019 | 2,958,396 | 929,031 | 2,029,365 | 48,023 | 70,743 | 1,910,599 | 88.5% | 5/1/2019 | ||||||||||||||||
40.03 | Valley Plaza | 26,300,000 | 4/5/2019 | 2,472,407 | 547,460 | 1,924,947 | 17,152 | 73,113 | 1,834,682 | 95.6% | 5/1/2019 | ||||||||||||||||
40.04 | Pear Tree | 24,500,000 | 4/3/2019 | 2,383,917 | 686,766 | 1,697,150 | 42,297 | 98,719 | 1,556,135 | 90.9% | 5/1/2019 | ||||||||||||||||
40.05 | Glendale Market Square | 23,200,000 | 4/2/2019 | 2,454,358 | 648,331 | 1,806,027 | 53,940 | 92,954 | 1,659,134 | 92.8% | 5/1/2019 | ||||||||||||||||
40.06 | Central Park Shopping Center | 21,100,000 | 4/8/2019 | 2,412,264 | 788,827 | 1,623,437 | 24,676 | 73,782 | 1,524,979 | 95.1% | 5/1/2019 | ||||||||||||||||
40.07 | Val Vista Towne Center | 18,600,000 | 4/5/2019 | 1,490,329 | 371,215 | 1,119,114 | 14,212 | 46,676 | 1,058,226 | 64.3% | 5/1/2019 | ||||||||||||||||
40.08 | 2641 Hall Ave - Riverside, CA | 5,489,600 | 4/9/2019 | 253,841 | 32,264 | 221,577 | 0 | 17,491 | 204,086 | 100.0% | 12/1/2019 | ||||||||||||||||
40.09 | 606 W Troy - Indianapolis, IN | 4,100,000 | 4/5/2019 | 345,412 | 41,185 | 304,227 | 0 | 11,430 | 292,797 | 100.0% | 12/1/2019 | ||||||||||||||||
40.10 | Homeland - Bartow, FL | 2,900,000 | 4/10/2019 | 274,362 | 55,215 | 219,147 | 0 | 33,719 | 185,428 | 100.0% | 12/1/2019 | ||||||||||||||||
40.11 | 2621 Hall Ave - Riverside, CA | 2,510,400 | 4/9/2019 | 184,000 | 18,032 | 165,968 | 0 | 8,000 | 157,968 | 100.0% | 12/1/2019 | ||||||||||||||||
41 | Security Public Storage - Baltimore | 0 | 0 | 7,350,000 | 9/5/2019 | 1.97 | 1.93 | 61.2% | 52.6% | 10.9% | 10.8% | 863,892 | 371,458 | 492,434 | 8,676 | 0 | 483,757 | 85.0% | 9/12/2019 | ||||||||
42 | Comfort Suites at The University | 0 | 0 | 7,300,000 | 9/17/2019 | 2.70 | 2.36 | 61.5% | 49.0% | 15.5% | 13.6% | 1,441,689 | 744,004 | 697,685 | 86,618 | 0 | 611,067 | 74.6% | 8/31/2019 | ||||||||
43 | Batavia Self Storage | 0 | 0 | 6,000,000 | 9/10/2019 | 1.40 | 1.35 | 63.2% | 46.7% | 9.5% | 9.1% | 493,432 | 133,313 | 360,119 | 13,529 | 0 | 346,591 | 91.2% | 9/28/2019 | ||||||||
44 | Bent Palms Apartments | 0 | 0 | 5,750,000 | 9/17/2019 | 1.46 | 1.43 | 65.2% | 55.0% | 8.4% | 8.2% | 497,783 | 182,916 | 314,867 | 6,750 | 0 | 308,117 | 96.3% | 10/1/2019 |
A-1-3
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 ($) | Second Most Recent NOI ($) | 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 |
1 | Continental Park - Rosecrans Douglas | TTM 8/31/2019 | 6,996,985 | 858,111 | 6,138,874 | 0 | 6,138,874 | Actual 2018 | 6,821,013 | 853,939 | 5,967,074 | 0 | 5,967,074 | Actual 2017 | 6,513,966 | 874,940 | 5,639,026 | 0 | 5,639,026 | |||||||
2 | West Bountiful Commons | TTM 8/31/2019 | 3,763,592 | 535,934 | 3,227,658 | 0 | 3,227,658 | Actual 2018 | 3,811,839 | 544,014 | 3,267,825 | 0 | 3,267,825 | Actual 2017 | 3,892,825 | 553,732 | 3,339,093 | 0 | 3,339,093 | |||||||
3 | Torrey Ridge Apartments | TTM 8/31/2019 | 4,918,175 | 1,806,444 | 3,111,731 | 0 | 3,111,731 | Actual 2018 | 4,573,111 | 1,730,736 | 2,842,376 | 0 | 2,842,376 | Actual 2017 | 4,361,355 | 1,993,641 | 2,367,714 | 0 | 2,367,714 | |||||||
4 | 74 Kent Street & 11-20 46th Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
4.01 | 74 Kent Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
4.02 | 11-20 46th Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
5 | 77 Clinton Avenue | TTM 9/30/2019 | 2,614,865 | 435,361 | 2,179,504 | 0 | 2,179,504 | Actual 2018 | 2,576,624 | 430,498 | 2,146,127 | 0 | 2,146,127 | Actual 2017 | 2,563,723 | 428,461 | 2,135,263 | 0 | 2,135,263 | |||||||
6 | Takoma Metro Center | TTM 6/30/2019 | 3,678,151 | 1,296,100 | 2,382,050 | 198,107 | 2,183,943 | Actual 2018 | 3,266,211 | 1,275,076 | 1,991,136 | 198,107 | 1,793,029 | Actual 2017 | 3,035,010 | 1,252,378 | 1,782,632 | 198,107 | 1,584,525 | |||||||
7 | The Tower at Burbank | Actual 2018 | 16,467,745 | 5,585,842 | 10,881,903 | 0 | 10,881,903 | Actual 2017 | 10,067,516 | 4,622,739 | 5,444,777 | 0 | 5,444,777 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
8 | Planet Self Storage Portfolio | TTM 8/31/2019 | 8,043,481 | 2,702,817 | 5,340,664 | 0 | 5,340,664 | Actual 2018 | 7,763,318 | 2,670,704 | 5,092,614 | 0 | 5,092,614 | Actual 2017 | 6,994,124 | 2,185,746 | 4,808,378 | 0 | 4,808,378 | |||||||
8.01 | Prime Storage - Somerville | TTM 8/31/2019 | 948,433 | 291,688 | 656,745 | 0 | 656,745 | Actual 2018 | 912,878 | 297,351 | 615,527 | 0 | 615,527 | Actual 2017 | 746,762 | 226,002 | 520,761 | 0 | 520,761 | |||||||
8.02 | Prime Storage - Newington | TTM 8/31/2019 | 902,587 | 300,752 | 601,835 | 0 | 601,835 | Actual 2018 | 883,635 | 299,095 | 584,540 | 0 | 584,540 | Actual 2017 | 855,382 | 247,966 | 607,416 | 0 | 607,416 | |||||||
8.03 | Prime Storage - Washington | TTM 8/31/2019 | 914,180 | 253,325 | 660,855 | 0 | 660,855 | Actual 2018 | 844,814 | 232,976 | 611,838 | 0 | 611,838 | Actual 2017 | 754,270 | 205,367 | 548,903 | 0 | 548,903 | |||||||
8.04 | Prime Storage - Brookfield | TTM 8/31/2019 | 816,098 | 295,682 | 520,416 | 0 | 520,416 | Actual 2018 | 781,608 | 286,220 | 495,388 | 0 | 495,388 | Actual 2017 | 705,862 | 226,451 | 479,411 | 0 | 479,411 | |||||||
8.05 | Prime Storage - Quakertown | TTM 8/31/2019 | 776,620 | 262,245 | 514,375 | 0 | 514,375 | Actual 2018 | 772,752 | 254,605 | 518,147 | 0 | 518,147 | Actual 2017 | 733,851 | 212,603 | 521,248 | 0 | 521,248 | |||||||
8.06 | Prime Storage - Hyde Park | TTM 8/31/2019 | 703,006 | 242,143 | 460,863 | 0 | 460,863 | Actual 2018 | 682,333 | 241,573 | 440,760 | 0 | 440,760 | Actual 2017 | 571,511 | 154,253 | 417,258 | 0 | 417,258 | |||||||
8.07 | Prime Storage - Phillipsburg | TTM 8/31/2019 | 610,612 | 203,520 | 407,092 | 0 | 407,092 | Actual 2018 | 618,397 | 197,096 | 421,301 | 0 | 421,301 | Actual 2017 | 578,838 | 175,679 | 403,159 | 0 | 403,159 | |||||||
8.08 | Prime Storage - New Milford | TTM 8/31/2019 | 645,052 | 213,426 | 431,626 | 0 | 431,626 | Actual 2018 | 633,727 | 218,071 | 415,656 | 0 | 415,656 | Actual 2017 | 583,386 | 196,502 | 386,884 | 0 | 386,884 | |||||||
8.09 | Prime Storage - Fairless Hills | TTM 8/31/2019 | 586,823 | 200,977 | 385,846 | 0 | 385,846 | Actual 2018 | 564,774 | 213,289 | 351,485 | 0 | 351,485 | Actual 2017 | 471,795 | 175,769 | 296,025 | 0 | 296,025 | |||||||
8.10 | Prime Storage - Clinton | TTM 8/31/2019 | 535,572 | 183,434 | 352,138 | 0 | 352,138 | Actual 2018 | 502,553 | 192,732 | 309,821 | 0 | 309,821 | Actual 2017 | 504,269 | 156,612 | 347,657 | 0 | 347,657 | |||||||
8.11 | Prime Storage - Lindenwold | TTM 8/31/2019 | 604,498 | 255,625 | 348,873 | 0 | 348,873 | Actual 2018 | 565,847 | 237,696 | 328,151 | 0 | 328,151 | Actual 2017 | 488,198 | 208,541 | 279,657 | 0 | 279,657 | |||||||
9 | The District at Tuttle | TTM 8/31/2019 | 3,128,657 | 1,338,111 | 1,790,546 | 45,600 | 1,744,946 | Actual 2018 | 3,094,693 | 1,324,005 | 1,770,688 | 45,600 | 1,725,088 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
10 | 730 Arizona Avenue | TTM 6/30/2019 | 2,747,955 | 603,260 | 2,144,695 | 0 | 2,144,695 | Actual 2018 | 2,706,578 | 610,896 | 2,095,682 | 0 | 2,095,682 | Actual 2017 | 2,469,895 | 463,569 | 2,006,326 | 0 | 2,006,326 | |||||||
11 | Phoenix Industrial Portfolio II | TTM 6/30/2019 | 9,275,816 | 2,248,289 | 7,027,527 | 0 | 7,027,527 | Actual 2018 | 8,923,998 | 1,963,475 | 6,960,523 | 0 | 6,960,523 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
11.01 | Flint | TTM 6/30/2019 | 2,135,123 | 159,881 | 1,975,242 | 0 | 1,975,242 | Actual 2018 | 2,117,520 | 149,611 | 1,967,909 | 0 | 1,967,909 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
11.02 | Beloit | TTM 6/30/2019 | 2,531,803 | 1,100,402 | 1,431,401 | 0 | 1,431,401 | Actual 2018 | 2,390,751 | 873,271 | 1,517,480 | 0 | 1,517,480 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
11.03 | DuBois | TTM 6/30/2019 | 1,703,788 | 295,208 | 1,408,580 | 0 | 1,408,580 | Actual 2018 | 1,694,700 | 260,983 | 1,433,717 | 0 | 1,433,717 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
11.04 | Jefferson | TTM 6/30/2019 | 1,683,269 | 318,719 | 1,364,550 | 0 | 1,364,550 | Actual 2018 | 1,660,104 | 309,029 | 1,351,075 | 0 | 1,351,075 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
11.05 | Huntsville | TTM 6/30/2019 | 1,221,833 | 374,079 | 847,754 | 0 | 847,754 | Actual 2018 | 1,060,923 | 370,581 | 690,342 | 0 | 690,342 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
12 | North & Sheffield | TTM 6/30/2019 | 1,817,671 | 690,981 | 1,126,690 | 0 | 1,126,690 | Actual 2018 | 678,615 | 415,652 | 262,963 | 0 | 262,963 | Actual 2017 | 1,591,124 | 106,461 | 1,484,663 | 0 | 1,484,663 | |||||||
13 | Global Payments, Inc. | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
14 | Somerset Park at Union | TTM 9/30/2019 | 3,324,732 | 1,870,108 | 1,454,624 | 0 | 1,454,624 | Actual 2018 | 3,424,839 | 1,917,441 | 1,507,398 | 0 | 1,507,398 | Actual 2017 | 3,571,506 | 1,740,601 | 1,830,905 | 0 | 1,830,905 | |||||||
15 | NMR Pharmacy Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.01 | WAG - Knoxville, TN | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.02 | WAG - Cincinnati, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.03 | WAG - Huntington, IN | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.04 | CVS - Dublin, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.05 | CVS - Ashland, KY | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.06 | WAG - Akron, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.08 | CVS - Bristol, VA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.09 | CVS - Bristol, TN | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.10 | CVS - Evans, GA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.11 | WAG - Henderson, KY | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.12 | CVS - Summerfield, NC | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
15.13 | Rite Aid - Hermitage, PA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
16 | Scripps Ranch Business Park- CA | Annualized 8 8/31/2019 | 1,715,466 | 502,368 | 1,213,098 | 0 | 1,213,098 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
17 | Platte Airpark Tech Campus | TTM 8/31/2019 | 2,583,133 | 675,004 | 1,908,129 | 0 | 1,908,129 | Actual 2018 | 2,429,249 | 648,721 | 1,780,528 | 0 | 1,780,528 | Actual 2017 | 2,366,134 | 554,891 | 1,811,243 | 0 | 1,811,243 | |||||||
18 | HIE & Candlewood Suites Portfolio | 104 | 67 | TTM 7/31/2019 | 5,777,620 | 3,728,510 | 2,049,110 | 231,105 | 1,818,005 | 104 | 67 | Actual 2018 | 6,042,275 | 3,817,867 | 2,224,408 | 241,691 | 1,982,717 | 104 | 71 | Actual 2017 | 5,896,580 | 3,827,367 | 2,069,213 | 235,863 | 1,833,350 | 101 |
18.01 | Holiday Inn Express Grove City Outlet Center | 106 | 73 | TTM 7/31/2019 | 2,010,563 | 1,414,845 | 595,718 | 80,423 | 515,295 | 106 | 73 | Actual 2018 | 2,122,480 | 1,467,421 | 655,059 | 84,899 | 570,159 | 111 | 77 | Actual 2017 | 2,030,099 | 1,479,001 | 551,098 | 81,204 | 469,894 | 107 |
18.02 | Candlewood Suites Grove City Outlet Center | 90 | 52 | TTM 7/31/2019 | 1,583,602 | 890,269 | 693,333 | 63,344 | 629,989 | 90 | 52 | Actual 2018 | 1,871,464 | 943,914 | 927,550 | 74,859 | 852,691 | 89 | 61 | Actual 2017 | 1,856,900 | 964,290 | 892,610 | 74,276 | 818,334 | 85 |
18.03 | Holiday Inn Express & Suites Wadsworth | 116 | 79 | TTM 7/31/2019 | 2,183,455 | 1,423,396 | 760,059 | 87,338 | 672,721 | 116 | 79 | Actual 2018 | 2,048,331 | 1,406,531 | 641,800 | 81,933 | 559,867 | 115 | 74 | Actual 2017 | 2,009,581 | 1,384,076 | 625,505 | 80,383 | 545,122 | 116 |
19 | The Hamptons Apartments | TTM 8/31/2019 | 2,296,595 | 1,125,920 | 1,170,675 | 88,613 | 1,082,062 | Actual 2018 | 2,336,268 | 1,137,060 | 1,199,208 | 110,471 | 1,088,737 | Actual 2017 | 2,180,510 | 1,203,198 | 977,312 | 144,183 | 833,129 | |||||||
20 | Hilton Garden Inn - Ft. Myers | 133 | 102 | TTM 7/31/2019 | 5,302,396 | 3,405,687 | 1,896,709 | 0 | 1,896,709 | 133 | 102 | Actual 2018 | 5,326,882 | 3,358,546 | 1,968,336 | 0 | 1,968,336 | 135 | 103 | Actual 2017 | 5,302,395 | 3,196,931 | 2,105,464 | 0 | 2,105,464 | 124 |
21 | Washington Avenue Portfolio | TTM 7/31/2019 | 3,607,154 | 1,073,260 | 2,533,894 | 0 | 2,533,894 | Actual 2018 | 3,476,213 | 1,063,092 | 2,413,122 | 0 | 2,413,122 | Actual 2017 | 2,811,697 | 671,475 | 2,140,222 | 0 | 2,140,222 | |||||||
21.01 | Washington Avenue Properties | TTM 7/31/2019 | 3,474,569 | 773,259 | 2,701,310 | 0 | 2,701,310 | Actual 2018 | 3,344,533 | 752,841 | 2,591,692 | 0 | 2,591,692 | Actual 2017 | 2,741,635 | 651,163 | 2,090,472 | 0 | 2,090,472 | |||||||
21.02 | 319 Saint Emanuel | TTM 7/31/2019 | 57,585 | 273,866 | -216,281 | 0 | -216,281 | Actual 2018 | 62,930 | 286,879 | -223,949 | 0 | -223,949 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
21.03 | 16210 Clay | TTM 7/31/2019 | 75,000 | 26,135 | 48,865 | 0 | 48,865 | Actual 2018 | 68,750 | 23,371 | 45,379 | 0 | 45,379 | Actual 2017 | 70,063 | 20,312 | 49,750 | 0 | 49,750 | |||||||
22 | River Club | TTM 8/31/2019 | 1,951,838 | 652,049 | 1,299,789 | 0 | 1,299,789 | Actual 2018 | 1,903,074 | 648,833 | 1,254,241 | 0 | 1,254,241 | Actual 2017 | 1,784,716 | 600,599 | 1,184,116 | 0 | 1,184,116 | |||||||
23 | Best Western Premier NYC Gateway | 153 | 105 | TTM 8/31/2019 | 4,059,190 | 2,356,529 | 1,702,661 | 162,368 | 1,540,293 | 153 | 105 | Actual 2018 | 3,859,358 | 2,322,393 | 1,536,966 | 154,374 | 1,382,591 | 151 | 100 | T11 12/31/2017 | 3,037,049 | 1,944,409 | 1,092,640 | 121,482 | 971,158 | 141 |
24 | Helena & Tillamook Apartment Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
24.01 | Helena Apartments | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
24.02 | Tillamook Street Apartments | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
25 | Hilltop Shopping Center | Actual 2018 | 1,681,775 | 331,241 | 1,350,534 | 0 | 1,350,534 | Actual 2017 | 1,693,036 | 322,964 | 1,370,072 | 0 | 1,370,072 | Actual 2016 | 1,609,549 | 340,749 | 1,268,801 | 0 | 1,268,801 | |||||||
26 | Westbrook Office Park III | TTM 08/31/2019 | 2,175,295 | 880,930 | 1,294,365 | 0 | 1,294,365 | Actual 2018 | 2,113,876 | 930,060 | 1,183,817 | 0 | 1,183,817 | Actual 2017 | 2,045,942 | 991,840 | 1,054,102 | 0 | 1,054,102 | |||||||
27 | Westlake Village I & II | TTM 9/30/2019 | 2,563,462 | 854,773 | 1,708,689 | 0 | 1,708,689 | Actual 2018 | 2,484,629 | 885,266 | 1,599,363 | 0 | 1,599,363 | Actual 2017 | 2,452,169 | 868,440 | 1,583,729 | 0 | 1,583,729 | |||||||
28 | Morse Road Portfolio | TTM 8/31/2019 | 922,795 | 254,732 | 668,063 | 0 | 668,063 | Actual 2018 | 508,839 | 302,734 | 206,105 | 0 | 206,105 | Actual 2017 | 978,235 | 307,719 | 670,516 | 40,289 | 630,228 | |||||||
28.01 | Morse Plaza | TTM 8/31/2019 | 792,451 | 193,917 | 598,534 | 0 | 598,534 | Actual 2018 | 508,839 | 302,734 | 206,105 | 0 | 206,105 | Actual 2017 | 978,235 | 307,719 | 670,516 | 40,289 | 630,228 | |||||||
28.02 | 1607-1635 Morse Road | TTM 8/31/2019 | 130,344 | 60,815 | 69,530 | 0 | 69,530 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
29 | SPS Vacaville II | TTM 9/30/2019 | 1,077,353 | 414,198 | 663,154 | 0 | 663,154 | Actual 2018 | 1,021,142 | 397,109 | 624,032 | 0 | 624,032 | Actual 2017 | 618,161 | 315,534 | 302,627 | 0 | 302,627 | |||||||
30 | Campus Edge Apartments | TTM 4/30/2019 | 1,631,104 | 780,336 | 850,768 | 0 | 850,768 | TTM 7/31/2018 | 820,050 | 594,856 | 225,194 | 0 | 225,194 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
31 | Number 10 Main Apartments | TTM 8/31/2019 | 1,729,323 | 893,196 | 836,128 | 28,000 | 808,128 | Actual 2018 | 1,653,710 | 901,545 | 752,165 | 28,000 | 724,165 | Actual 2017 | 1,524,186 | 850,570 | 673,617 | 28,000 | 645,617 | |||||||
32 | Virginia Varsity Self Storage | TTM 9/30/2019 | 926,816 | 283,662 | 643,154 | 0 | 643,154 | Actual 2018 | 890,657 | 259,371 | 631,286 | 0 | 631,286 | Actual 2017 | 842,663 | 238,371 | 604,292 | 0 | 604,292 | |||||||
33 | Renaissance Square | TTM 08/31/2019 | 787,902 | 190,218 | 597,683 | 0 | 597,683 | Actual 2018 | 854,117 | 174,892 | 679,225 | 0 | 679,225 | Actual 2017 | 746,243 | 170,053 | 576,190 | 0 | 576,190 | |||||||
34 | Shoppes of Cooper City | TTM 8/31/2019 | 1,002,711 | 347,180 | 655,531 | 50,937 | 604,594 | Actual 2018 | 933,613 | 374,884 | 558,729 | 50,937 | 507,792 | Actual 2017 | 886,565 | 444,553 | 442,012 | 50,937 | 391,075 | |||||||
35 | Mountain View & Evergreen MHC Portfolio | TTM 08/31/2019 | 964,938 | 382,686 | 582,253 | 0 | 582,253 | Actual 2018 | 902,055 | 375,658 | 526,397 | 0 | 526,397 | Actual 2017 | 769,605 | 416,794 | 352,811 | 0 | 352,811 | |||||||
35.01 | Mountain View Estates MHC | TTM 08/31/2019 | 751,700 | 311,784 | 439,916 | 0 | 439,916 | Annualized 2018 | 694,865 | 311,487 | 383,378 | 0 | 383,378 | Actual 2017 | 536,605 | 350,299 | 186,306 | 0 | 186,306 | |||||||
35.02 | Evergreen Park MHC | TTM 08/31/2019 | 213,238 | 70,902 | 142,337 | 0 | 142,337 | Actual 2018 | 207,189 | 64,171 | 143,019 | 0 | 143,019 | Actual 2017 | 233,000 | 66,495 | 166,505 | 0 | 166,505 | |||||||
36 | Laurel Bay | TTM 3/31/2019 | 785,033 | 255,428 | 529,604 | 0 | 529,604 | Actual 2018 | 822,779 | 249,954 | 572,824 | 0 | 572,824 | Actual 2017 | 819,415 | 249,381 | 570,034 | 0 | 570,034 | |||||||
37 | Apollo Point | TTM 8/31/2019 | 431,528 | 166,619 | 264,909 | 27,372 | 237,537 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
38 | Toledo Shopping Center | Annualized 6 6/30/2019 | 803,956 | 263,427 | 540,529 | 27,480 | 513,049 | Actual 2018 | 747,856 | 261,183 | 486,673 | 27,480 | 459,193 | Actual 2017 | 745,456 | 269,732 | 475,724 | 27,480 | 448,244 | |||||||
39 | Beacon Center Office Park | TTM 7/31/2019 | 1,038,532 | 492,952 | 545,580 | 0 | 545,580 | Actual 2018 | 1,025,015 | 497,353 | 527,662 | 0 | 527,662 | Actual 2017 | 960,870 | 506,489 | 454,381 | 0 | 454,381 | |||||||
40 | CIRE Equity Retail & Industrial Portfolio | TTM 2/28/2019 | 17,561,596 | 4,694,815 | 12,866,781 | 0 | 12,866,781 | Actual 2018 | 17,277,730 | 4,616,971 | 12,660,759 | 0 | 12,660,759 | Actual 2017 | 14,622,381 | 4,060,487 | 10,561,894 | 0 | 10,561,894 | |||||||
40.01 | Wood Village Town Center | TTM 2/28/2019 | 2,801,565 | 663,382 | 2,138,183 | 0 | 2,138,183 | Actual 2018 | 2,452,348 | 584,313 | 1,868,035 | 0 | 1,868,035 | NAV | NAV | NAV | NAV | NAV | NAV | |||||||
40.02 | Pecan Promenade | TTM 2/28/2019 | 2,874,992 | 928,260 | 1,946,733 | 0 | 1,946,733 | Actual 2018 | 2,889,453 | 941,721 | 1,947,732 | 0 | 1,947,732 | Actual 2017 | 2,854,118 | 963,259 | 1,890,858 | 0 | 1,890,858 | |||||||
40.03 | Valley Plaza | TTM 2/28/2019 | 2,285,063 | 554,428 | 1,730,635 | 0 | 1,730,635 | Actual 2018 | 2,299,616 | 551,143 | 1,748,473 | 0 | 1,748,473 | Actual 2017 | 2,231,849 | 524,561 | 1,707,288 | 0 | 1,707,288 | |||||||
40.04 | Pear Tree | TTM 2/28/2019 | 2,608,254 | 701,355 | 1,906,899 | 0 | 1,906,899 | Actual 2018 | 2,603,067 | 705,998 | 1,897,070 | 0 | 1,897,070 | Actual 2017 | 2,156,706 | 619,411 | 1,537,295 | 0 | 1,537,295 | |||||||
40.05 | Glendale Market Square | TTM 2/28/2019 | 2,033,560 | 540,861 | 1,492,700 | 0 | 1,492,700 | Actual 2018 | 2,119,604 | 553,160 | 1,566,444 | 0 | 1,566,444 | Actual 2017 | 2,574,463 | 746,001 | 1,828,462 | 0 | 1,828,462 | |||||||
40.06 | Central Park Shopping Center | TTM 2/28/2019 | 2,305,891 | 795,370 | 1,510,521 | 0 | 1,510,521 | Actual 2018 | 2,332,463 | 767,722 | 1,564,741 | 0 | 1,564,741 | Actual 2017 | 2,183,914 | 717,680 | 1,466,234 | 0 | 1,466,234 | |||||||
40.07 | Val Vista Towne Center | TTM 2/28/2019 | 1,448,918 | 372,574 | 1,076,344 | 0 | 1,076,344 | Actual 2018 | 1,437,803 | 384,336 | 1,053,467 | 0 | 1,053,467 | Actual 2017 | 1,474,944 | 381,471 | 1,093,473 | 0 | 1,093,473 | |||||||
40.08 | 2641 Hall Ave - Riverside, CA | TTM 2/28/2019 | 249,753 | 32,217 | 217,536 | 0 | 217,536 | Actual 2018 | 226,729 | 22,209 | 204,520 | 0 | 204,520 | Actual 2017 | 234,120 | 21,417 | 212,703 | 0 | 212,703 | |||||||
40.09 | 606 W Troy - Indianapolis, IN | TTM 2/28/2019 | 335,563 | 33,151 | 302,412 | 0 | 302,412 | Actual 2018 | 312,765 | 33,151 | 279,614 | 0 | 279,614 | Actual 2017 | 313,848 | 21,676 | 292,172 | 0 | 292,172 | |||||||
40.10 | Homeland - Bartow, FL | TTM 2/28/2019 | 274,807 | 55,216 | 219,591 | 0 | 219,591 | Actual 2018 | 273,790 | 55,216 | 218,574 | 0 | 218,574 | Actual 2017 | 265,962 | 53,050 | 212,912 | 0 | 212,912 | |||||||
40.11 | 2621 Hall Ave - Riverside, CA | TTM 2/28/2019 | 343,230 | 18,003 | 325,227 | 0 | 325,227 | Actual 2018 | 330,092 | 18,003 | 312,089 | 0 | 312,089 | Actual 2017 | 332,458 | 11,960 | 320,498 | 0 | 320,498 | |||||||
41 | Security Public Storage - Baltimore | TTM 9/30/2019 | 804,256 | 403,578 | 400,678 | 0 | 400,678 | Actual 2018 | 790,951 | 391,317 | 399,634 | 0 | 399,634 | Actual 2017 | 693,881 | 340,393 | 353,488 | 0 | 353,488 | |||||||
42 | Comfort Suites at The University | 100 | 75 | TTM 8/31/2019 | 1,441,689 | 766,260 | 675,429 | 0 | 675,429 | 100 | 75 | Actual 2018 | 1,299,667 | 687,956 | 611,711 | 0 | 611,711 | 105 | 75 | Actual 2017 | 1,116,453 | 507,966 | 608,487 | 0 | 608,487 | 98 |
43 | Batavia Self Storage | TTM 8/31/2019 | 493,432 | 130,140 | 363,292 | 13,529 | 349,763 | Actual 2018 | 508,452 | 131,103 | 377,349 | 13,529 | 363,820 | Actual 2017 | 477,558 | 130,669 | 346,889 | 13,529 | 333,360 | |||||||
44 | Bent Palms Apartments | TTM 8/31/2019 | 487,331 | 168,224 | 319,107 | 6,750 | 312,357 | Actual 2018 | 439,243 | 169,141 | 270,103 | 6,750 | 263,353 | NAV | NAV | NAV | NAV | NAV | NAV |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent Hotel RevPAR | Master Lease (Y/N)(10) | Largest Tenant Name(11)(12)(13)(14) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date | 2nd Largest Tenant Name(9)(14) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date | 3rd Largest Tenant Name(9)(14) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date | 4th Largest Tenant Name(9) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | 5th Largest Tenant Name(9)(14) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA |
1 | Continental Park - Rosecrans Douglas | N | Motor Trend | 82,346 | 40.0% | 3/31/2029 | Carlisle Interconnect Technologies | 81,300 | 39.5% | 2/29/2020 | CBRE | 30,794 | 14.9% | 11/30/2021 | JPMorgan Chase | 5,285 | 2.6% | 10/31/2022 | City National Bank | 3,098 | 1.5% | |
2 | West Bountiful Commons | N | Costco | 135,000 | 41.6% | 11/21/2035 | At Home | 101,581 | 31.3% | 12/31/2025 | Office Depot | 21,008 | 6.5% | 3/31/2027 | Petco | 15,000 | 4.6% | 1/31/2027 | Deseret Book | 4,735 | 1.5% | |
3 | Torrey Ridge Apartments | N | ||||||||||||||||||||
4 | 74 Kent Street & 11-20 46th Road | N | Various | Various | Various | Various | Various | Various | Various | Various | ||||||||||||
4.01 | 74 Kent Street | N | NYU School of Medicine | 16,679 | 52.5% | 9/30/2033 | Project Franklin, LLC (Walmart) | 15,066 | 47.5% | 4/30/2022 | ||||||||||||
4.02 | 11-20 46th Road | N | TheraCare | 34,725 | 100.0% | 1/31/2035 | ||||||||||||||||
5 | 77 Clinton Avenue | N | New York City Department of Education | 127,000 | 100.0% | 9/4/2030 | ||||||||||||||||
6 | Takoma Metro Center | N | The Kennedy Center | 58,439 | 29.5% | 2/28/2031 | A. Salon LTD | 31,120 | 15.7% | 2/28/2021 | Breakthrough Montessori PCS | 15,565 | 7.9% | 8/31/2043 | Youth For Understanding USA | 9,405 | 4.7% | 8/31/2028 | Manna, Inc. | 6,279 | 3.2% | |
7 | The Tower at Burbank | N | Disney | 115,673 | 23.6% | 12/31/2029 | WeWork | 74,742 | 15.2% | 4/30/2032 | Vubiquity, Inc. | 56,055 | 11.4% | 6/30/2026 | STX Filmworks, LLC | 38,077 | 7.8% | 11/30/2025 | PictureHead | 37,370 | 7.6% | |
8 | Planet Self Storage Portfolio | N | ||||||||||||||||||||
8.01 | Prime Storage - Somerville | N | ||||||||||||||||||||
8.02 | Prime Storage - Newington | N | ||||||||||||||||||||
8.03 | Prime Storage - Washington | N | ||||||||||||||||||||
8.04 | Prime Storage - Brookfield | N | ||||||||||||||||||||
8.05 | Prime Storage - Quakertown | N | ||||||||||||||||||||
8.06 | Prime Storage - Hyde Park | N | ||||||||||||||||||||
8.07 | Prime Storage - Phillipsburg | N | ||||||||||||||||||||
8.08 | Prime Storage - New Milford | N | ||||||||||||||||||||
8.09 | Prime Storage - Fairless Hills | N | ||||||||||||||||||||
8.10 | Prime Storage - Clinton | N | ||||||||||||||||||||
8.11 | Prime Storage - Lindenwold | N | ||||||||||||||||||||
9 | The District at Tuttle | N | ||||||||||||||||||||
10 | 730 Arizona Avenue | N | Regus | 28,822 | 100.0% | 10/30/2026 | ||||||||||||||||
11 | Phoenix Industrial Portfolio II | N | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | ||||
11.01 | Flint | N | Android Industries | 460,000 | 100.0% | 6/30/2025 | ||||||||||||||||
11.02 | Beloit | N | Bay Valley Foods | 140,947 | 34.1% | 5/31/2020 | Axium Foods, Inc. | 99,670 | 24.1% | 8/31/2020 | Foal, LLC | 18,511 | 4.5% | 1/31/2020 | SSB Manufacturing Company | 18,175 | 4.4% | 11/30/2021 | ||||
11.03 | DuBois | N | DuBois Logistics, LLC | 612,800 | 100.0% | 2/28/2025 | ||||||||||||||||
11.04 | Jefferson | N | Generac Power Systems, Inc. | 591,840 | 100.0% | 11/30/2023 | ||||||||||||||||
11.05 | Huntsville | N | Boneal Aerospace, Inc. | 124,630 | 39.9% | 3/31/2022 | Intercept Industries, Ltd. | 104,825 | 33.6% | 1/31/2021 | Custom Assembly, Inc | 70,000 | 22.4% | 11/30/2019 | ||||||||
12 | North & Sheffield | N | Lululemon | 26,412 | 83.2% | 1/31/2026 | Sephora | 5,350 | 16.8% | 1/31/2024 | ||||||||||||
13 | Global Payments, Inc. | N | Global Payments, Inc. | 226,304 | 100.0% | 5/31/2037 | ||||||||||||||||
14 | Somerset Park at Union | N | ||||||||||||||||||||
15 | NMR Pharmacy Portfolio | N | Various | Various | Various | Various | ||||||||||||||||
15.01 | WAG - Knoxville, TN | N | Walgreens | 14,112 | 100.0% | 12/31/2034 | ||||||||||||||||
15.02 | WAG - Cincinnati, OH | N | Walgreens | 14,490 | 100.0% | 8/31/2028 | ||||||||||||||||
15.03 | WAG - Huntington, IN | N | Walgreens | 15,125 | 100.0% | 1/31/2026 | ||||||||||||||||
15.04 | CVS - Dublin, OH | N | CVS | 10,086 | 100.0% | 7/31/2039 | ||||||||||||||||
15.05 | CVS - Ashland, KY | N | CVS | 11,240 | 100.0% | 7/31/2039 | ||||||||||||||||
15.06 | WAG - Akron, OH | N | Walgreens | 13,500 | 100.0% | 2/29/2028 | ||||||||||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | N | Rite Aid | 11,180 | 100.0% | 3/31/2023 | ||||||||||||||||
15.08 | CVS - Bristol, VA | N | CVS | 10,251 | 100.0% | 7/31/2039 | ||||||||||||||||
15.09 | CVS - Bristol, TN | N | CVS | 10,200 | 100.0% | 7/31/2039 | ||||||||||||||||
15.10 | CVS - Evans, GA | N | CVS | 10,125 | 100.0% | 7/31/2039 | ||||||||||||||||
15.11 | WAG - Henderson, KY | N | Walgreens | 11,385 | 100.0% | 5/31/2034 | ||||||||||||||||
15.12 | CVS - Summerfield, NC | N | CVS | 10,112 | 100.0% | 7/31/2039 | ||||||||||||||||
15.13 | Rite Aid - Hermitage, PA | N | Rite Aid | 12,000 | 100.0% | 1/31/2029 | ||||||||||||||||
16 | Scripps Ranch Business Park- CA | N | Siemens | 28,034 | 29.7% | 6/30/2022 | USPS | 21,078 | 22.4% | 9/14/2024 | Designer Molecules | 18,602 | 19.7% | 11/30/2021 | AVI | 13,337 | 14.2% | 10/31/2026 | Apria Healthcare | 13,200 | 14.0% | |
17 | Platte Airpark Tech Campus | N | Boeing | 67,736 | 49.3% | 12/31/2022 | Lockheed Martin | 64,739 | 47.1% | 12/31/2025 | CACI | 4,948 | 3.6% | 1/30/2024 | ||||||||
18 | HIE & Candlewood Suites Portfolio | 69 | N | |||||||||||||||||||
18.01 | Holiday Inn Express Grove City Outlet Center | 74 | N | |||||||||||||||||||
18.02 | Candlewood Suites Grove City Outlet Center | 61 | N | |||||||||||||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | 73 | N | |||||||||||||||||||
19 | The Hamptons Apartments | N | ||||||||||||||||||||
20 | Hilton Garden Inn - Ft. Myers | 102 | N | |||||||||||||||||||
21 | Washington Avenue Portfolio | N | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | |
21.01 | Washington Avenue Properties | N | Urban Living | 11,505 | 20.9% | 9/30/2035 | The Sporting Club | 6,015 | 10.9% | 1/31/2028 | 5002 Washington LLC (Heart) | 5,250 | 9.5% | 5/31/2024 | Kung Fu | 4,045 | 7.3% | 10/1/2020 | Handlebar | 4,000 | 7.3% | |
21.02 | 319 Saint Emanuel | N | The White Collection | 56,250 | 100.0% | 10/31/2035 | ||||||||||||||||
21.03 | 16210 Clay | N | Fix My Car (Ivan’s Custom Paint) | 13,635 | 100.0% | 2/28/2023 | ||||||||||||||||
22 | River Club | N | ||||||||||||||||||||
23 | Best Western Premier NYC Gateway | 94 | N | |||||||||||||||||||
24 | Helena & Tillamook Apartment Portfolio | N | ||||||||||||||||||||
24.01 | Helena Apartments | N | ||||||||||||||||||||
24.02 | Tillamook Street Apartments | N | ||||||||||||||||||||
25 | Hilltop Shopping Center | N | T.J.maxx | 28,000 | 31.3% | 1/31/2025 | Bed, Bath & Beyond | 25,494 | 28.5% | 1/31/2023 | Michaels | 23,890 | 26.7% | 2/28/2023 | Pier1 Imports | 12,211 | 13.6% | 7/31/2023 | ||||
26 | Westbrook Office Park III | N | CBOE Global Markets | 61,899 | 62.8% | 6/30/2027 | Paycor | 18,509 | 18.8% | 5/31/2023 | Food & Drug Administration | 18,099 | 18.4% | 4/30/2022 | ||||||||
27 | Westlake Village I & II | N | King Soopers | 81,006 | 49.4% | 11/30/2027 | Gourmet Grub | 6,915 | 4.2% | 12/31/2022 | Cazadores | 5,355 | 3.3% | 10/31/2023 | Westlake Wine & Spirits | 5,061 | 3.1% | 12/31/2020 | Linda’s Gifts | 4,745 | 2.9% | |
28 | Morse Road Portfolio | N | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | |
28.01 | Morse Plaza | N | HomeBuys | 62,790 | 65.0% | 2/28/2029 | Sam Ash Music | 22,400 | 23.2% | 1/31/2025 | Huntington National Bank | 3,435 | 3.6% | 5/31/2025 | Franklin County | 3,351 | 3.5% | 5/31/2024 | Gamestop | 3,048 | 3.2% | |
28.02 | 1607-1635 Morse Road | N | Urgent Care Specialists | 2,696 | 19.6% | 10/31/2029 | Afra Grill LLC | 2,500 | 18.2% | 3/31/2029 | SprintCom, Inc. | 2,500 | 18.2% | 2/29/2028 | Wireless Vision LLC | 1,801 | 13.1% | 3/31/2023 | Phe Le LLC | 1,593 | 11.6% | |
29 | SPS Vacaville II | N | ||||||||||||||||||||
30 | Campus Edge Apartments | N | ||||||||||||||||||||
31 | Number 10 Main Apartments | N | ||||||||||||||||||||
32 | Virginia Varsity Self Storage | N | ||||||||||||||||||||
33 | Renaissance Square | N | Jo-Ann Stores | 19,424 | 24.4% | 1/31/2021 | Harbor Freight Tools | 16,519 | 20.8% | 10/31/2027 | PetSense | 7,500 | 9.4% | 4/30/2023 | Deseret Book | 6,943 | 8.7% | 1/31/2025 | Maurices | 5,977 | 7.5% | |
34 | Shoppes of Cooper City | N | Sage Dental | 3,186 | 9.1% | 6/30/2020 | Big Bazar, Inc. | 3,088 | 8.8% | 7/31/2024 | New Castle Realty Inc. | 2,864 | 8.2% | 10/31/2021 | Ellie’s Kitchen | 2,300 | 6.5% | 9/30/2021 | Dunkin Donuts/Baskin Robbins | 2,250 | 6.4% | |
35 | Mountain View & Evergreen MHC Portfolio | N | ||||||||||||||||||||
35.01 | Mountain View Estates MHC | N | ||||||||||||||||||||
35.02 | Evergreen Park MHC | N | ||||||||||||||||||||
36 | Laurel Bay | N | Ascent Real Estate | 7,422 | 42.0% | 6/30/2021 | The Corner Drafthouse | 2,561 | 14.5% | 3/31/2026 | Grab & Go | 1,700 | 9.6% | 11/30/2028 | Karitkay Escrow Corp | 1,231 | 7.0% | 6/30/2021 | Starbucks | 1,226 | 6.9% | |
37 | Apollo Point | N | ||||||||||||||||||||
38 | Toledo Shopping Center | N | El Gallego | 3,000 | 8.3% | 12/31/2022 | Andres Pharmacy | 2,250 | 6.3% | 8/31/2023 | Libreria Impacto | 2,250 | 6.3% | MTM | Y & J Fashion Boutique | 1,500 | 4.2% | 9/30/2020 | La Estrella Bakery | 1,500 | 4.2% | |
39 | Beacon Center Office Park | N | Alabama Department of Mental Health | 13,798 | 12.4% | 1/31/2024 | NHS Management, LLC | 11,110 | 10.0% | 12/31/2027 | Sinclair Communications, LLC | 8,494 | 7.6% | 9/30/2021 | Central Alabama Horizons, LLC | 7,540 | 6.8% | 4/30/2020 | Kay Logistics Group, LLC | 5,977 | 5.4% | |
40 | CIRE Equity Retail & Industrial Portfolio | N | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | |
40.01 | Wood Village Town Center | N | Kohl’s Department Stores, Inc. | 87,501 | 63.8% | 1/31/2027 | Theresa’s Pet | 9,800 | 7.1% | 6/30/2024 | The Rock Wood Fired Pizza & Spirit | 5,196 | 3.8% | 6/30/2021 | The Sleep Train, Inc. | 5,091 | 3.7% | 9/30/2026 | National Vision, Inc. | 3,183 | 2.3% | |
40.02 | Pecan Promenade | N | Ross Stores | 30,187 | 21.3% | 1/31/2022 | LA Fitness | 27,564 | 19.5% | 11/30/2029 | Dollar Tree | 10,000 | 7.1% | 10/31/2022 | Kirkland’s | 10,000 | 7.1% | 6/30/2020 | Shoe Show | 7,007 | 5.0% | |
40.03 | Valley Plaza | N | US Foods | 60,145 | 41.1% | 3/31/2024 | Ross Stores | 27,650 | 18.9% | 1/31/2021 | Salon Boutique | 7,880 | 5.4% | 5/31/2028 | Banner Health | 5,000 | 3.4% | 8/31/2023 | Sprint | 4,230 | 2.9% | |
40.04 | Pear Tree | N | JC Penney | 51,395 | 26.0% | 2/28/2024 | Lucky’s (SaveMart) | 49,377 | 25.0% | 3/31/2024 | Ross | 25,976 | 13.2% | 1/30/2025 | Big 5 Sporting Goods | 16,520 | 8.4% | 5/31/2022 | Maurice’s | 5,300 | 2.7% | |
40.05 | Glendale Market Square | N | Floor & Décor | 75,000 | 40.3% | 4/30/2028 | Lina Home Furnishings | 45,000 | 24.2% | 11/30/2024 | EJ’s Auction & Consignment | 28,909 | 15.6% | 11/30/2025 | Hospice of the Valley | 8,443 | 4.5% | 2/29/2020 | Cucina Tagliani | 4,920 | 2.6% | |
40.06 | Central Park Shopping Center | N | Big Lots | 32,153 | 21.8% | 1/31/2023 | ARC Thrift Store | 29,294 | 19.9% | 5/31/2025 | Adventure Dental | 8,805 | 6.0% | 4/30/2024 | Fast Cash Pawn & Jewelry | 5,724 | 3.9% | 11/30/2019 | Comrade Brewery | 5,315 | 3.6% | |
40.07 | Val Vista Towne Center | N | Ross Stores | 25,126 | 26.9% | 1/31/2022 | Petco | 13,221 | 14.2% | 1/31/2022 | Fred Astaire | 3,511 | 3.8% | 11/30/2024 | Val Vista Dental | 2,551 | 2.7% | 4/30/2020 | Regis Salon | 1,910 | 2.0% | |
40.08 | 2641 Hall Ave - Riverside, CA | N | 48 Forty Solutions | 34,982 | 100.0% | 5/31/2023 | ||||||||||||||||
40.09 | 606 W Troy - Indianapolis, IN | N | 48 Forty Solutions | 22,860 | 100.0% | 4/30/2024 | ||||||||||||||||
40.10 | Homeland - Bartow, FL | N | 48 Forty Solutions | 67,438 | 100.0% | 6/30/2025 | ||||||||||||||||
40.11 | 2621 Hall Ave - Riverside, CA | N | 48 Forty Solutions | 16,000 | 100.0% | 5/31/2023 | ||||||||||||||||
41 | Security Public Storage - Baltimore | N | ||||||||||||||||||||
42 | Comfort Suites at The University | 61 | N | |||||||||||||||||||
43 | Batavia Self Storage | N | ||||||||||||||||||||
44 | Bent Palms Apartments | N |
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 5th Largest Tenant Exp. Date | Engineering Report Date | Environmental Report Date (Phase I) | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | Terrorism Insurance (Y/N) | Loan Purpose | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Tax Escrow - Cash or LoC | Tax Escrow - LoC Counterparty | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Insurance Escrow - Cash or LoC | Insurance Escrow - LoC Counterparty | Upfront Replacement Reserve ($) | Monthly Replacement Reserve ($)(15) | Replacement Reserve Cap ($) | Replacement Reserve Escrow - Cash or LoC | Replacement Reserve Escrow - LoC Counterparty | Upfront TI/LC Reserve ($)(16) |
1 | Continental Park - Rosecrans Douglas | 3/31/2023 | 9/27/2019 | 9/23/2019 | 9/20/2019 | 13.0% | N | Y | Refinance | 0 | 48,798 | 23,237 | Cash | 8,218 | Springing | Cash | 0 | 3,434 | 206,012 | Cash | 6,500,000 | ||||
2 | West Bountiful Commons | 7/31/2022 | 10/1/2019 | 9/25/2019 | 9/26/2019 | 8.0% | N | Y | Refinance | 0 | 18,302 | 17,431 | Cash | 19,214 | 1,664 | Cash | 0 | 2,367 | 0 | Cash | 0 | ||||
3 | Torrey Ridge Apartments | 8/26/2019 | 8/26/2019 | 8/26/2019 | 5.0% | N | Y | Refinance | 69,969 | 279,782 | 34,973 | Cash | 153,439 | 13,949 | Cash | 1,000,000 | 17,277 | 0 | Cash | 0 | |||||
4 | 74 Kent Street & 11-20 46th Road | 7/18/2019 | 7/18/2019 | N | Y | Refinance | 0 | 80,123 | 13,354 | Cash | 18,167 | 6,056 | Cash | 0 | 1,108 | 0 | Cash | 0 | |||||||
4.01 | 74 Kent Street | 7/18/2019 | 7/18/2019 | N | Y | ||||||||||||||||||||
4.02 | 11-20 46th Road | 7/18/2019 | 7/18/2019 | N | Y | ||||||||||||||||||||
5 | 77 Clinton Avenue | 10/8/2019 | 10/8/2019 | N | Y | Refinance | 0 | 173,681 | 28,947 | Cash | 25,370 | 6,342 | Cash | 0 | 2,117 | 0 | Cash | 400,000 | |||||||
6 | Takoma Metro Center | 7/31/2023 | 9/13/2019 | 9/13/2019 | N | Y | Refinance | 28,704 | 81,405 | 40,702 | Cash | 26,417 | 3,774 | Cash | 0 | 3,302 | 0 | Cash | 0 | ||||||
7 | The Tower at Burbank | 6/30/2026 | 5/28/2019 | 5/29/2019 | 5/28/2019 | 17.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 122,702 | 0 | |||||||
8 | Planet Self Storage Portfolio | Various | Various | N | Y | Refinance | 73,438 | 370,554 | 58,818 | Cash | 7,162 | 3,410 | Cash | 0 | 5,333 | 0 | Cash | 0 | |||||||
8.01 | Prime Storage - Somerville | 9/5/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.02 | Prime Storage - Newington | 9/10/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.03 | Prime Storage - Washington | 9/10/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.04 | Prime Storage - Brookfield | 9/9/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.05 | Prime Storage - Quakertown | 9/10/2019 | 9/9/2019 | N | Y | ||||||||||||||||||||
8.06 | Prime Storage - Hyde Park | 9/5/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.07 | Prime Storage - Phillipsburg | 9/9/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.08 | Prime Storage - New Milford | 9/10/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.09 | Prime Storage - Fairless Hills | 9/5/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.10 | Prime Storage - Clinton | 9/10/2019 | 9/5/2019 | N | Y | ||||||||||||||||||||
8.11 | Prime Storage - Lindenwold | 9/5/2019 | 9/6/2019 | N | Y | ||||||||||||||||||||
9 | The District at Tuttle | 9/18/2019 | 9/18/2019 | N | Y | Refinance | 0 | 314,210 | 62,842 | Cash | 33,640 | 4,205 | Cash | 0 | 3,800 | 0 | Cash | 0 | |||||||
10 | 730 Arizona Avenue | 7/10/2019 | 7/11/2019 | 7/10/2019 | 11.0% | N | Y | Refinance | 0 | 155,478 | 25,913 | Cash | 44,143 | 4,233 | Cash | 0 | 480 | 16,933 | Cash | 0 | |||||
11 | Phoenix Industrial Portfolio II | Various | Various | N | Y | Refinance | 283,040 | 261,385 | 62,502 | Cash | 159,062 | 13,255 | Cash | 0 | 19,922 | 481,308 | Cash | 0 | |||||||
11.01 | Flint | 8/15/2019 | 8/15/2019 | N | Y | ||||||||||||||||||||
11.02 | Beloit | 8/15/2019 | 8/15/2019 | N | Y | ||||||||||||||||||||
11.03 | DuBois | 8/19/2019 | 8/19/2019 | N | Y | ||||||||||||||||||||
11.04 | Jefferson | 8/15/2019 | 8/15/2019 | N | Y | ||||||||||||||||||||
11.05 | Huntsville | 8/15/2019 | 8/15/2019 | N | Y | ||||||||||||||||||||
12 | North & Sheffield | 8/14/2019 | 8/7/2019 | N | Y | Acquisition | 0 | 13,306 | 4,434 | Cash | 0 | Springing | 0 | 530 | 0 | Cash | 0 | ||||||||
13 | Global Payments, Inc. | 9/9/2019 | 9/10/2019 | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | ||||||||||
14 | Somerset Park at Union | 9/9/2019 | 9/5/2019 | N | Y | Acquisition | 0 | 346,715 | 28,893 | Cash | 40,288 | 13,429 | Cash | 0 | 8,833 | 0 | Cash | 0 | |||||||
15 | NMR Pharmacy Portfolio | 8/28/2019 | 8/28/2019 | Various | N | Y | Refinance/Acquisition | 100,740 | 0 | Springing | 37,914 | 4,739 | Cash | 0 | 2,077 | 0 | Cash | 0 | |||||||
15.01 | WAG - Knoxville, TN | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.02 | WAG - Cincinnati, OH | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.03 | WAG - Huntington, IN | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.04 | CVS - Dublin, OH | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.05 | CVS - Ashland, KY | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.06 | WAG - Akron, OH | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.08 | CVS - Bristol, VA | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.09 | CVS - Bristol, TN | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.10 | CVS - Evans, GA | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.11 | WAG - Henderson, KY | 8/28/2019 | 8/28/2019 | 7/16/2019 | N | Y | |||||||||||||||||||
15.12 | CVS - Summerfield, NC | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
15.13 | Rite Aid - Hermitage, PA | 8/28/2019 | 8/28/2019 | N | Y | ||||||||||||||||||||
16 | Scripps Ranch Business Park- CA | 3/31/2025 | 9/9/2019 | 8/27/2019 | 9/5/2019 | 10.0% | N | Y | Acquisition | 0 | 19,098 | 19,098 | Cash | 0 | Springing | 0 | 1,571; Springing | 37,704 | Cash | 0 | |||||
17 | Platte Airpark Tech Campus | 9/25/2019 | 9/25/2019 | N | Y | Acquisition/Recapitalization | 12,913 | 141,281 | 23,547 | Cash | 0 | 1,010 | Cash | 0 | 2,290 | 0 | Cash | 650,000 | |||||||
18 | HIE & Candlewood Suites Portfolio | Various | Various | N | Y | Refinance | 0 | 66,083 | 22,028 | Cash | 39,869 | 5,696 | Cash | 0 | 12,269 | 0 | Cash | 0 | |||||||
18.01 | Holiday Inn Express Grove City Outlet Center | 7/29/2019 | 7/29/2019 | N | Y | ||||||||||||||||||||
18.02 | Candlewood Suites Grove City Outlet Center | 7/29/2019 | 7/29/2019 | N | Y | ||||||||||||||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | 8/2/2019 | 8/1/2019 | N | Y | ||||||||||||||||||||
19 | The Hamptons Apartments | 8/6/2019 | 8/9/2019 | N | Y | Acquisition | 84,375 | 70,880 | 10,126 | Cash | 24,351 | 8,117 | Cash | 0 | 4,417 | 0 | Cash | 0 | |||||||
20 | Hilton Garden Inn - Ft. Myers | 7/16/2019 | 7/15/2019 | N | Y | Acquisition | 0 | 117,793 | 10,708 | Cash | 0 | Springing | 0 | 17,675 | 0 | Cash | 0 | ||||||||
21 | Washington Avenue Portfolio | Various | 9/26/2019 | Various | N | Y | Refinance | 52,188 | 574,346 | 57,435 | Cash | 31,531 | 15,765 | Cash | 0 | 1,563 | 37,507 | Cash | 0 | ||||||
21.01 | Washington Avenue Properties | 1/31/2031 | 9/26/2019 | 10/1/2019 | N | Y | |||||||||||||||||||
21.02 | 319 Saint Emanuel | 9/26/2019 | 9/25/2019 | N | Y | ||||||||||||||||||||
21.03 | 16210 Clay | 9/26/2019 | 9/25/2019 | N | Y | ||||||||||||||||||||
22 | River Club | 9/23/2019 | 9/24/2019 | N | Y | Refinance | 15,000 | 52,462 | 13,115 | Cash | 36,746 | 3,062 | Cash | 0 | 3,577 | 0 | Cash | 0 | |||||||
23 | Best Western Premier NYC Gateway | 4/18/2019 | 4/23/2019 | N | Y | Refinance | 6,250 | 37,982 | 18,087 | Cash | 37,132 | 2,947 | Cash | 0 | 13,531 | 0 | Cash | 0 | |||||||
24 | Helena & Tillamook Apartment Portfolio | 8/27/2019 | 8/27/2019 | 8/27/2019 | 6.0% | N | Y | Refinance | 0 | 120,611 | 10,965 | Cash | 7,132 | 792 | Cash | 0 | 2,708; Springing | 65,000 | Cash | 0 | |||||
24.01 | Helena Apartments | 8/27/2019 | 8/27/2019 | 8/27/2019 | 6.0% | N | Y | ||||||||||||||||||
24.02 | Tillamook Street Apartments | 8/27/2019 | 8/27/2019 | 8/27/2019 | 6.0% | N | Y | ||||||||||||||||||
25 | Hilltop Shopping Center | 8/5/2019 | 7/5/2019 | 8/5/2019 | 7.0% | N | Y | Acquisition | 306,879 | 0 | Springing | 0 | Springing | 0 | 1,493; Springing | 35,838 | Cash | 196,213 | |||||||
26 | Westbrook Office Park III | 10/15/2019 | 9/11/2019 | N | Y | Acquisition | 7,500 | 33,495 | 33,495 | Cash | 1,655 | Springing | Cash | 0 | 2,709 | 162,537 | Cash | 200,000 | |||||||
27 | Westlake Village I & II | 3/31/2024 | 9/17/2019 | 9/17/2019 | N | Y | Refinance | 11,625 | 251,592 | 50,318 | Cash | 20,899 | 2,430 | Cash | 0 | Springing | 0 | 0 | |||||||
28 | Morse Road Portfolio | Various | 8/21/2019 | 8/21/2019 | N | Y | Refinance | 0 | 107,075 | 9,734 | Cash | 11,091 | 941 | Cash | 0 | 1,379 | 49,663 | Cash | 0 | ||||||
28.01 | Morse Plaza | 1/31/2021 | 8/21/2019 | 8/21/2019 | N | Y | |||||||||||||||||||
28.02 | 1607-1635 Morse Road | 2/28/2030 | 8/21/2019 | 8/21/2019 | N | Y | |||||||||||||||||||
29 | SPS Vacaville II | 9/6/2019 | 9/6/2019 | 9/6/2019 | 6.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | ||||||||
30 | Campus Edge Apartments | 3/15/2019 | 10/11/2019 | N | Y | Refinance | 0 | 147,908 | 14,791 | Cash | 0 | Springing | 0 | 2,400 | 0 | Cash | 0 | ||||||||
31 | Number 10 Main Apartments | 8/20/2019 | 8/20/2019 | 8/29/2019 | 18.0% | N | Y | Acquisition | 14,188 | 62,507 | 15,627 | Cash | 15,341 | 5,114 | Cash | 1,000,000 | 2,333 | 0 | Cash | 0 | |||||
32 | Virginia Varsity Self Storage | 8/26/2019 | 8/26/2019 | N | Y | Refinance | 0 | 14,475 | 2,895 | Cash | 553 | 553 | Cash | 0 | 748; Springing | 26,928 | Cash | 0 | |||||||
33 | Renaissance Square | 1/31/2022 | 9/25/2019 | 9/25/2019 | N | Y | Refinance | 0 | 4,965 | 4,729 | Cash | 11,800 | 1,873 | Cash | 0 | 1,128 | 0 | Cash | 0 | ||||||
34 | Shoppes of Cooper City | 1/31/2026 | 9/17/2019 | 8/12/2019 | N | Y | Acquisition | 156,938 | 137,069 | 15,230 | Cash | 5,843 | 2,921 | Cash | 0 | 586 | 0 | Cash | 125,000 | ||||||
35 | Mountain View & Evergreen MHC Portfolio | 8/12/2019 | Various | N | Y | Refinance/Acquisition | 0 | 9,655 | 1,931 | Cash | 1,774 | 845 | Cash | 0 | 771 | 0 | Cash | 0 | |||||||
35.01 | Mountain View Estates MHC | 8/12/2019 | 8/9/2019 | N | Y | ||||||||||||||||||||
35.02 | Evergreen Park MHC | 8/12/2019 | 8/19/2019 | N | Y | ||||||||||||||||||||
36 | Laurel Bay | 8/31/2023 | 5/10/2019 | 5/8/2019 | 5/13/2019 | 6.0% | N | Y | Acquisition | 0 | 44,225 | 8,845 | Cash | 7,432 | 572 | Cash | 0 | 368 | 0 | Cash | 125,000 | ||||
37 | Apollo Point | 6/24/2019 | 6/24/2019 | N | Y | Refinance | 0 | 10,239 | 5,120 | Cash | 5,393 | 1,172 | Cash | 0 | 1,000 | 0 | Cash | 0 | |||||||
38 | Toledo Shopping Center | 5/31/2024 | 9/5/2019 | 9/4/2019 | N | Y | Refinance | 0 | 100,827 | Springing | Cash | 0 | Springing | 0 | 540 | 0 | Cash | 150,000 | |||||||
39 | Beacon Center Office Park | 1/31/2022 | 9/4/2019 | 9/4/2019 | N | Y | Acquisition | 15,030 | 94,166 | 8,561 | Cash | 24,238 | 4,040 | Cash | 0 | 1,859 | 0 | Cash | 100,000 | ||||||
40 | CIRE Equity Retail & Industrial Portfolio | Various | 4/12/2019 | 4/12/2019 | Various | Various | Various | Various | Y | Refinance | 171,330 | 323,078 | 161,539 | Cash | 0 | Springing | 301,104 | 20,994 | 0 | Cash | 589,027 | ||||
40.01 | Wood Village Town Center | 1/31/2020 | 4/12/2019 | 4/12/2019 | 4/12/2019 | 7.0% | N | Y | |||||||||||||||||
40.02 | Pecan Promenade | 6/30/2026 | 4/12/2019 | 4/12/2019 | N | Y | |||||||||||||||||||
40.03 | Valley Plaza | 8/31/2021 | 4/12/2019 | 4/12/2019 | N | Y | |||||||||||||||||||
40.04 | Pear Tree | 1/31/2021 | 4/12/2019 | 4/12/2019 | 4/12/2019 | 17.0% | N | Y | |||||||||||||||||
40.05 | Glendale Market Square | 4/30/2024 | 4/12/2019 | 4/12/2019 | N | Y | |||||||||||||||||||
40.06 | Central Park Shopping Center | 5/31/2021 | 4/12/2019 | 4/12/2019 | 6/6/2013 | N | Y | ||||||||||||||||||
40.07 | Val Vista Towne Center | 11/30/2019 | 4/12/2019 | 4/12/2019 | N | Y | |||||||||||||||||||
40.08 | 2641 Hall Ave - Riverside, CA | 4/12/2019 | 4/12/2019 | 4/12/2019 | 14.0% | N | Y | ||||||||||||||||||
40.09 | 606 W Troy - Indianapolis, IN | 4/12/2019 | 4/12/2019 | N | Y | ||||||||||||||||||||
40.10 | Homeland - Bartow, FL | 4/12/2019 | 4/12/2019 | N | Y | ||||||||||||||||||||
40.11 | 2621 Hall Ave - Riverside, CA | 4/12/2019 | 4/12/2019 | 4/12/2019 | 11.0% | N | Y | ||||||||||||||||||
41 | Security Public Storage - Baltimore | 9/6/2019 | 9/6/2019 | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | ||||||||||
42 | Comfort Suites at The University | 9/24/2019 | 9/24/2019 | N | Y | Refinance | 0 | 29,259 | 2,760 | Cash | 20,215 | 4,394 | Cash | 0 | 7,218 | 0 | Cash | 0 | |||||||
43 | Batavia Self Storage | 10/4/2019 | 10/17/2019 | 9/20/2019 | 11.0% | N | Y | Refinance | 0 | 2,982 | 2,840 | Cash | 714 | 680 | Cash | 32,500 | 1,127 | 0 | Cash | 0 | |||||
44 | Bent Palms Apartments | 9/20/2019 | 9/23/2019 | N | Y | Refinance | 0 | 5,456 | 5,196 | Cash | 12,757 | 2,025 | Cash | 0 | 563 | 0 | Cash | 0 |
A-1-6
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Monthly TI/LC Reserve ($) | TI/LC Reserve Cap ($)(16) | 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(6)(9)(15) | Other Escrow I (Initial) ($)(6)(9)(15) |
1 | Continental Park - Rosecrans Douglas | 17,168 | 500,000 | Cash | 0 | 0 | 0 | ||||
2 | West Bountiful Commons | 13,244 | 0 | Cash | 0 | 0 | Unfunded TI/LC | 77,025 | |||
3 | Torrey Ridge Apartments | 0 | 0 | 0 | 0 | Tax Lien Reserve | 9,147 | ||||
4 | 74 Kent Street & 11-20 46th Road | 0 | 0 | 0 | 0 | TCO Reserve | 3,000,000 | ||||
4.01 | 74 Kent Street | ||||||||||
4.02 | 11-20 46th Road | ||||||||||
5 | 77 Clinton Avenue | 25,000 | 4,000,000 | Cash | 0 | 0 | Rent Reserve | 771,667 | |||
6 | Takoma Metro Center | 13,207 | 0 | Cash | 0 | 0 | Montessori Expansion Reserve | 600,000 | |||
7 | The Tower at Burbank | Springing | 490,807 | 0 | 0 | Existing TI/LC Obligations Reserve | 15,934,738 | ||||
8 | Planet Self Storage Portfolio | 0 | 0 | 0 | 0 | 0 | |||||
8.01 | Prime Storage - Somerville | ||||||||||
8.02 | Prime Storage - Newington | ||||||||||
8.03 | Prime Storage - Washington | ||||||||||
8.04 | Prime Storage - Brookfield | ||||||||||
8.05 | Prime Storage - Quakertown | ||||||||||
8.06 | Prime Storage - Hyde Park | ||||||||||
8.07 | Prime Storage - Phillipsburg | ||||||||||
8.08 | Prime Storage - New Milford | ||||||||||
8.09 | Prime Storage - Fairless Hills | ||||||||||
8.10 | Prime Storage - Clinton | ||||||||||
8.11 | Prime Storage - Lindenwold | ||||||||||
9 | The District at Tuttle | 0 | 0 | 0 | 0 | 0 | |||||
10 | 730 Arizona Avenue | 6,005; Springing | 216,165 | Cash | 0 | 0 | 0 | ||||
11 | Phoenix Industrial Portfolio II | 199,221 | 1,500,000 | Cash | 0 | 0 | 0 | ||||
11.01 | Flint | ||||||||||
11.02 | Beloit | ||||||||||
11.03 | DuBois | ||||||||||
11.04 | Jefferson | ||||||||||
11.05 | Huntsville | ||||||||||
12 | North & Sheffield | 0 | 0 | 0 | 0 | Existing TI/LC Obligations Reserve | 24,017 | ||||
13 | Global Payments, Inc. | 0 | 0 | 0 | 0 | Lease Sweep Reserve | 0 | ||||
14 | Somerset Park at Union | 0 | 0 | 0 | 0 | 0 | |||||
15 | NMR Pharmacy Portfolio | 5,525 | 0 | Cash | 0 | 0 | Hermitage HVAC Reserve | 30,172 | |||
15.01 | WAG - Knoxville, TN | ||||||||||
15.02 | WAG - Cincinnati, OH | ||||||||||
15.03 | WAG - Huntington, IN | ||||||||||
15.04 | CVS - Dublin, OH | ||||||||||
15.05 | CVS - Ashland, KY | ||||||||||
15.06 | WAG - Akron, OH | ||||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | ||||||||||
15.08 | CVS - Bristol, VA | ||||||||||
15.09 | CVS - Bristol, TN | ||||||||||
15.10 | CVS - Evans, GA | ||||||||||
15.11 | WAG - Henderson, KY | ||||||||||
15.12 | CVS - Summerfield, NC | ||||||||||
15.13 | Rite Aid - Hermitage, PA | ||||||||||
16 | Scripps Ranch Business Park- CA | 8,640; Springing | 311,040 | Cash | 0 | 0 | Rent Concession Reserve | 35,800 | |||
17 | Platte Airpark Tech Campus | 11,452 | 1,250,000 | Cash | 0 | 0 | Outstanding TI/LC Reserve | 630,327 | |||
18 | HIE & Candlewood Suites Portfolio | 0 | 0 | 0 | 0 | PIP Reserve | 3,760,000 | ||||
18.01 | Holiday Inn Express Grove City Outlet Center | ||||||||||
18.02 | Candlewood Suites Grove City Outlet Center | ||||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | ||||||||||
19 | The Hamptons Apartments | 0 | 0 | 0 | 0 | Renovation Reserve | 2,113,870 | ||||
20 | Hilton Garden Inn - Ft. Myers | 0 | 0 | 0 | 0 | PIP Reserve | 2,406,000 | ||||
21 | Washington Avenue Portfolio | 8,333 | 300,000 | Cash | 0 | 0 | Unoccupied Premises Rollover Reserve | 595,458 | |||
21.01 | Washington Avenue Properties | ||||||||||
21.02 | 319 Saint Emanuel | ||||||||||
21.03 | 16210 Clay | ||||||||||
22 | River Club | 0 | 0 | 0 | 0 | 0 | |||||
23 | Best Western Premier NYC Gateway | 0 | 0 | 0 | 0 | Seasonality Reserve | 120,000 | ||||
24 | Helena & Tillamook Apartment Portfolio | 0 | 0 | 0 | 0 | Upfront Reseve | 351,250 | ||||
24.01 | Helena Apartments | ||||||||||
24.02 | Tillamook Street Apartments | ||||||||||
25 | Hilltop Shopping Center | 5,450 | 196,213 | Cash | 0 | 0 | 0 | ||||
26 | Westbrook Office Park III | 6,567 | 550,000 | Cash | 0 | 0 | 0 | ||||
27 | Westlake Village I & II | Springing | 0 | 0 | 0 | Rent Concession Funds | 45,138 | ||||
28 | Morse Road Portfolio | 4,598 | 0 | Cash | 0 | 0 | Condominium Common Charge Reserve | 9,679 | |||
28.01 | Morse Plaza | ||||||||||
28.02 | 1607-1635 Morse Road | ||||||||||
29 | SPS Vacaville II | 0 | 0 | 0 | 0 | 0 | |||||
30 | Campus Edge Apartments | 0 | 0 | 0 | 0 | 0 | |||||
31 | Number 10 Main Apartments | 0 | 0 | 0 | 0 | Short Term CapEx Reserve ($500,000.00); Subordinate City Loan Reserve ($88,000.00) | 588,000 | ||||
32 | Virginia Varsity Self Storage | 0 | 0 | 0 | 0 | 0 | |||||
33 | Renaissance Square | 5,588 | 150,000 | Cash | 0 | 0 | Unfunded TI/LC | 474,001 | |||
34 | Shoppes of Cooper City | $3,659.25 commencing on May 6, 2022 or when the TI/LC reserve balance is less than $75,000 | 0 | Cash | 0 | 0 | 0 | ||||
35 | Mountain View & Evergreen MHC Portfolio | 0 | 0 | 0 | 0 | 0 | |||||
35.01 | Mountain View Estates MHC | ||||||||||
35.02 | Evergreen Park MHC | ||||||||||
36 | Laurel Bay | 1,472 | 125,000 | Cash | 0 | 0 | Condominium Common Charges | 10,179 | |||
37 | Apollo Point | 0 | 0 | 0 | 0 | Condominium Common Charge Funds | 5,985 | ||||
38 | Toledo Shopping Center | 3,000 | 100,000 | Cash | 0 | 0 | 0 | ||||
39 | Beacon Center Office Park | 9,295 | 550,000 | Cash | 0 | 0 | Helping Heart Free Rent Reserve | 3,078 | |||
40 | CIRE Equity Retail & Industrial Portfolio | 87,423 | 0 | Cash | 0 | 0 | Rent Concession Funds | 52,244 | |||
40.01 | Wood Village Town Center | ||||||||||
40.02 | Pecan Promenade | ||||||||||
40.03 | Valley Plaza | ||||||||||
40.04 | Pear Tree | ||||||||||
40.05 | Glendale Market Square | ||||||||||
40.06 | Central Park Shopping Center | ||||||||||
40.07 | Val Vista Towne Center | ||||||||||
40.08 | 2641 Hall Ave - Riverside, CA | ||||||||||
40.09 | 606 W Troy - Indianapolis, IN | ||||||||||
40.10 | Homeland - Bartow, FL | ||||||||||
40.11 | 2621 Hall Ave - Riverside, CA | ||||||||||
41 | Security Public Storage - Baltimore | 0 | 0 | 0 | 0 | 0 | |||||
42 | Comfort Suites at The University | 0 | 0 | 0 | 0 | Seasonality Funds | 91,488 | ||||
43 | Batavia Self Storage | 0 | 0 | 0 | 0 | 0 | |||||
44 | Bent Palms Apartments | 0 | 0 | 0 | 0 | 0 |
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) | Other Escrow I Escrow - Cash or LoC | Other Escrow I - LoC Counterparty |
1 | Continental Park - Rosecrans Douglas | 0 | 0 | ||
2 | West Bountiful Commons | $99,250 until March 2020 | 0 | Cash | |
3 | Torrey Ridge Apartments | 0 | 0 | Cash | |
4 | 74 Kent Street & 11-20 46th Road | 0 | 0 | Cash | |
4.01 | 74 Kent Street | ||||
4.02 | 11-20 46th Road | ||||
5 | 77 Clinton Avenue | 0 | 0 | Cash | |
6 | Takoma Metro Center | 0 | 0 | Cash | |
7 | The Tower at Burbank | 0 | 0 | Cash | |
8 | Planet Self Storage Portfolio | 0 | 0 | ||
8.01 | Prime Storage - Somerville | ||||
8.02 | Prime Storage - Newington | ||||
8.03 | Prime Storage - Washington | ||||
8.04 | Prime Storage - Brookfield | ||||
8.05 | Prime Storage - Quakertown | ||||
8.06 | Prime Storage - Hyde Park | ||||
8.07 | Prime Storage - Phillipsburg | ||||
8.08 | Prime Storage - New Milford | ||||
8.09 | Prime Storage - Fairless Hills | ||||
8.10 | Prime Storage - Clinton | ||||
8.11 | Prime Storage - Lindenwold | ||||
9 | The District at Tuttle | 0 | 0 | ||
10 | 730 Arizona Avenue | 0 | 0 | ||
11 | Phoenix Industrial Portfolio II | 0 | 0 | ||
11.01 | Flint | ||||
11.02 | Beloit | ||||
11.03 | DuBois | ||||
11.04 | Jefferson | ||||
11.05 | Huntsville | ||||
12 | North & Sheffield | 0 | 0 | Cash | |
13 | Global Payments, Inc. | Springing | 2,704,764 | ||
14 | Somerset Park at Union | 0 | 0 | ||
15 | NMR Pharmacy Portfolio | 0 | 0 | Cash | |
15.01 | WAG - Knoxville, TN | ||||
15.02 | WAG - Cincinnati, OH | ||||
15.03 | WAG - Huntington, IN | ||||
15.04 | CVS - Dublin, OH | ||||
15.05 | CVS - Ashland, KY | ||||
15.06 | WAG - Akron, OH | ||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | ||||
15.08 | CVS - Bristol, VA | ||||
15.09 | CVS - Bristol, TN | ||||
15.10 | CVS - Evans, GA | ||||
15.11 | WAG - Henderson, KY | ||||
15.12 | CVS - Summerfield, NC | ||||
15.13 | Rite Aid - Hermitage, PA | ||||
16 | Scripps Ranch Business Park- CA | 0 | 0 | Cash | |
17 | Platte Airpark Tech Campus | 0 | 0 | Cash | |
18 | HIE & Candlewood Suites Portfolio | Springing | 820,000 | Cash | |
18.01 | Holiday Inn Express Grove City Outlet Center | ||||
18.02 | Candlewood Suites Grove City Outlet Center | ||||
18.03 | Holiday Inn Express & Suites Wadsworth | ||||
19 | The Hamptons Apartments | 0 | 0 | Cash | |
20 | Hilton Garden Inn - Ft. Myers | 0 | 0 | LoC | U.S. Bank National Association |
21 | Washington Avenue Portfolio | 0 | 0 | Cash | |
21.01 | Washington Avenue Properties | ||||
21.02 | 319 Saint Emanuel | ||||
21.03 | 16210 Clay | ||||
22 | River Club | 0 | 0 | ||
23 | Best Western Premier NYC Gateway | Springing | 0 | Cash | |
24 | Helena & Tillamook Apartment Portfolio | 0 | 0 | Cash | |
24.01 | Helena Apartments | ||||
24.02 | Tillamook Street Apartments | ||||
25 | Hilltop Shopping Center | 0 | 0 | ||
26 | Westbrook Office Park III | 0 | 0 | ||
27 | Westlake Village I & II | 0 | 0 | Cash | |
28 | Morse Road Portfolio | 4,840 | 0 | Cash | |
28.01 | Morse Plaza | ||||
28.02 | 1607-1635 Morse Road | ||||
29 | SPS Vacaville II | 0 | 0 | ||
30 | Campus Edge Apartments | 0 | 0 | ||
31 | Number 10 Main Apartments | Springing | 0 | Cash | |
32 | Virginia Varsity Self Storage | 0 | 0 | ||
33 | Renaissance Square | 0 | 0 | Cash | |
34 | Shoppes of Cooper City | 0 | 0 | ||
35 | Mountain View & Evergreen MHC Portfolio | 0 | 0 | ||
35.01 | Mountain View Estates MHC | ||||
35.02 | Evergreen Park MHC | ||||
36 | Laurel Bay | 5,090 | 0 | Cash | |
37 | Apollo Point | On each month payment, Borrower shall deposit with the Lender an amount equal to one-twelfth of the Condominium Common Charges that the Lender estimates will be payable during the ensuing twelve months in order to accumulate sufficient funds to pay all such Condominium Common Charges at least thirty days prior to their respective due dates. | 0 | Cash | |
38 | Toledo Shopping Center | 0 | 0 | ||
39 | Beacon Center Office Park | 0 | 0 | Cash | |
40 | CIRE Equity Retail & Industrial Portfolio | 5,887 | 0 | Cash | |
40.01 | Wood Village Town Center | ||||
40.02 | Pecan Promenade | ||||
40.03 | Valley Plaza | ||||
40.04 | Pear Tree | ||||
40.05 | Glendale Market Square | ||||
40.06 | Central Park Shopping Center | ||||
40.07 | Val Vista Towne Center | ||||
40.08 | 2641 Hall Ave - Riverside, CA | ||||
40.09 | 606 W Troy - Indianapolis, IN | ||||
40.10 | Homeland - Bartow, FL | ||||
40.11 | 2621 Hall Ave - Riverside, CA | ||||
41 | Security Public Storage - Baltimore | 0 | 0 | ||
42 | Comfort Suites at The University | Springing | 0 | Cash | |
43 | Batavia Self Storage | 0 | 0 | ||
44 | Bent Palms Apartments | 0 | 0 |
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Reserve Description(6)(9) | Other Escrow II (Initial) ($)(6)(9) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) | Other Escrow II Escrow - Cash or LoC | Other Escrow II - LoC Counterparty | Holdback(7) | 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 ($) |
1 | Continental Park - Rosecrans Douglas | 0 | 0 | 0 | Fee | Springing | ||||||||||
2 | West Bountiful Commons | 0 | 0 | 0 | Fee | Springing | ||||||||||
3 | Torrey Ridge Apartments | 0 | 0 | 0 | Fee | Soft/Springing Cash Management | ||||||||||
4 | 74 Kent Street & 11-20 46th Road | Free Rent Resere for TheraCare ($1,302,187.5), Outstanding TI/LC Funds ($2,290,825.5) | 3,593,013 | 0 | 0 | Cash | 2,000,000 | Fee | Hard/Springing Cash Management | |||||||
4.01 | 74 Kent Street | 2,000,000 | Fee | |||||||||||||
4.02 | 11-20 46th Road | 2,000,000 | Fee | |||||||||||||
5 | 77 Clinton Avenue | 0 | 0 | 0 | Fee | Hard/Springing Cash Management | ||||||||||
6 | Takoma Metro Center | Free Rent Reserve | 71,794 | 0 | 0 | Cash | Fee | Hard/Springing Cash Management | ||||||||
7 | The Tower at Burbank | Free Rent Obligations | 0 | Springing | 0 | Fee | Hard/Springing Cash Management | |||||||||
8 | Planet Self Storage Portfolio | 0 | 0 | 0 | Fee | Springing | ||||||||||
8.01 | Prime Storage - Somerville | Fee | ||||||||||||||
8.02 | Prime Storage - Newington | Fee | ||||||||||||||
8.03 | Prime Storage - Washington | Fee | ||||||||||||||
8.04 | Prime Storage - Brookfield | Fee | ||||||||||||||
8.05 | Prime Storage - Quakertown | Fee | ||||||||||||||
8.06 | Prime Storage - Hyde Park | Fee | ||||||||||||||
8.07 | Prime Storage - Phillipsburg | Fee | ||||||||||||||
8.08 | Prime Storage - New Milford | Fee | ||||||||||||||
8.09 | Prime Storage - Fairless Hills | Fee | ||||||||||||||
8.10 | Prime Storage - Clinton | Fee | ||||||||||||||
8.11 | Prime Storage - Lindenwold | Fee | ||||||||||||||
9 | The District at Tuttle | 0 | 0 | 0 | Fee | Soft/Springing Cash Management | ||||||||||
10 | 730 Arizona Avenue | 0 | 0 | 0 | Fee | Hard/Upfront Cash Management | ||||||||||
11 | Phoenix Industrial Portfolio II | 0 | 0 | 0 | Fee | Hard/Springing Cash Management | ||||||||||
11.01 | Flint | Fee | ||||||||||||||
11.02 | Beloit | Fee | ||||||||||||||
11.03 | DuBois | Fee | ||||||||||||||
11.04 | Jefferson | Fee | ||||||||||||||
11.05 | Huntsville | Fee | ||||||||||||||
12 | North & Sheffield | 0 | 0 | 0 | Fee | Soft/Springing Cash Management | ||||||||||
13 | Global Payments, Inc. | 0 | 0 | 0 | Fee | Springing | ||||||||||
14 | Somerset Park at Union | 0 | 0 | 0 | 1,500,000 | Fee | Springing | |||||||||
15 | NMR Pharmacy Portfolio | 0 | 0 | 0 | Fee | Hard/Springing Cash Management | ||||||||||
15.01 | WAG - Knoxville, TN | Fee | ||||||||||||||
15.02 | WAG - Cincinnati, OH | Fee | ||||||||||||||
15.03 | WAG - Huntington, IN | Fee | ||||||||||||||
15.04 | CVS - Dublin, OH | Fee | ||||||||||||||
15.05 | CVS - Ashland, KY | Fee | ||||||||||||||
15.06 | WAG - Akron, OH | Fee | ||||||||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | Fee | ||||||||||||||
15.08 | CVS - Bristol, VA | Fee | ||||||||||||||
15.09 | CVS - Bristol, TN | Fee | ||||||||||||||
15.10 | CVS - Evans, GA | Fee | ||||||||||||||
15.11 | WAG - Henderson, KY | Fee | ||||||||||||||
15.12 | CVS - Summerfield, NC | Fee | ||||||||||||||
15.13 | Rite Aid - Hermitage, PA | Fee | ||||||||||||||
16 | Scripps Ranch Business Park- CA | Existing TI/LC Reserve ($76,085) / Springing Tenant Reserve | 76,085 | Springing | 0 | Cash | Fee | Springing | ||||||||
17 | Platte Airpark Tech Campus | 0 | 0 | 0 | Fee | Hard/Springing Cash Management | ||||||||||
18 | HIE & Candlewood Suites Portfolio | Seasonality Reserve | 215,000 | Springing | 0 | Cash | Fee | Springing | ||||||||
18.01 | Holiday Inn Express Grove City Outlet Center | Fee | ||||||||||||||
18.02 | Candlewood Suites Grove City Outlet Center | Fee | ||||||||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | Fee | ||||||||||||||
19 | The Hamptons Apartments | 0 | 0 | 0 | 1,480,000 | Fee | Soft/Springing Cash Management | |||||||||
20 | Hilton Garden Inn - Ft. Myers | Seasonality Reserve | 0 | Springing | 0 | Fee | Hard/Springing Cash Management | |||||||||
21 | Washington Avenue Portfolio | Pub Heights Case Reserve | 250,000 | 0 | 0 | Cash | Fee | Hard/Springing Cash Management | ||||||||
21.01 | Washington Avenue Properties | Fee | ||||||||||||||
21.02 | 319 Saint Emanuel | Fee | ||||||||||||||
21.03 | 16210 Clay | Fee | ||||||||||||||
22 | River Club | 0 | 0 | 0 | Fee | Springing | ||||||||||
23 | Best Western Premier NYC Gateway | 0 | 0 | 0 | Fee | Springing | ||||||||||
24 | Helena & Tillamook Apartment Portfolio | Gap Rent Reserve | 49,389 | 0 | 0 | Cash | Fee | Springing | ||||||||
24.01 | Helena Apartments | Fee | ||||||||||||||
24.02 | Tillamook Street Apartments | Fee | ||||||||||||||
25 | Hilltop Shopping Center | 0 | 0 | 0 | Fee | Springing | ||||||||||
26 | Westbrook Office Park III | 0 | 0 | 0 | Fee | Springing | ||||||||||
27 | Westlake Village I & II | 0 | 0 | 0 | Fee | Springing | ||||||||||
28 | Morse Road Portfolio | Unfunded Obligations Reserve | 235,142 | 0 | 0 | Cash | Fee | Hard/Springing Cash Management | ||||||||
28.01 | Morse Plaza | Fee | ||||||||||||||
28.02 | 1607-1635 Morse Road | Fee | ||||||||||||||
29 | SPS Vacaville II | 0 | 0 | 0 | Fee | None | ||||||||||
30 | Campus Edge Apartments | 0 | 0 | 0 | Fee | Springing | ||||||||||
31 | Number 10 Main Apartments | Preferred Equity Reserve | 6,250 | 6,250 | 0 | Cash | Fee | Soft/Upfront Cash Management | 11,000,000 | 33,279 | 3,000,000 | |||||
32 | Virginia Varsity Self Storage | 0 | 0 | 0 | Fee | None | ||||||||||
33 | Renaissance Square | Free Rent Reserve | 203,374 | 0 | 0 | Cash | Fee | Hard/Springing Cash Management | ||||||||
34 | Shoppes of Cooper City | 0 | 0 | 0 | Fee | Hard/Springing Cash Management | ||||||||||
35 | Mountain View & Evergreen MHC Portfolio | 0 | 0 | 0 | Fee | Springing | ||||||||||
35.01 | Mountain View Estates MHC | Fee | ||||||||||||||
35.02 | Evergreen Park MHC | Fee | ||||||||||||||
36 | Laurel Bay | 0 | 0 | 0 | Fee | Springing | ||||||||||
37 | Apollo Point | 0 | 0 | 0 | Fee | Springing | ||||||||||
38 | Toledo Shopping Center | 0 | 0 | 0 | Fee | Springing | ||||||||||
39 | Beacon Center Office Park | 0 | 0 | 0 | Fee | Springing | ||||||||||
40 | CIRE Equity Retail & Industrial Portfolio | 0 | 0 | 0 | Fee | Hard/Springing Cash Management | ||||||||||
40.01 | Wood Village Town Center | Fee | ||||||||||||||
40.02 | Pecan Promenade | Fee | ||||||||||||||
40.03 | Valley Plaza | Fee | ||||||||||||||
40.04 | Pear Tree | Fee | ||||||||||||||
40.05 | Glendale Market Square | Fee | ||||||||||||||
40.06 | Central Park Shopping Center | Fee | ||||||||||||||
40.07 | Val Vista Towne Center | Fee | ||||||||||||||
40.08 | 2641 Hall Ave - Riverside, CA | Fee | ||||||||||||||
40.09 | 606 W Troy - Indianapolis, IN | Fee | ||||||||||||||
40.10 | Homeland - Bartow, FL | Fee | ||||||||||||||
40.11 | 2621 Hall Ave - Riverside, CA | Fee | ||||||||||||||
41 | Security Public Storage - Baltimore | 0 | 0 | 0 | Fee | None | ||||||||||
42 | Comfort Suites at The University | Comfort Letter Funds; PIP Funds | 2,000 | Springing | 0 | Cash | Fee | Hard/Springing Cash Management | ||||||||
43 | Batavia Self Storage | 0 | 0 | 0 | Fee | Springing | ||||||||||
44 | Bent Palms Apartments | 0 | 0 | 0 | Fee | Springing |
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Subordinate Secured Debt Cut-off Date Balance ($) | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut-off Date U/W NOI Debt Yield | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) | Sponsor | Affiliated Sponsors | Mortgage Loan Number |
1 | Continental Park - Rosecrans Douglas | Continental Development Corporation | 1 | ||||||||
2 | West Bountiful Commons | John R. Thackeray; Armand D. Johansen | 2 | ||||||||
3 | Torrey Ridge Apartments | Patrick De La Torre | 3 | ||||||||
4 | 74 Kent Street & 11-20 46th Road | Simeon Derenshteyn; Elena Gilman | 4 | ||||||||
4.01 | 74 Kent Street | 4.01 | |||||||||
4.02 | 11-20 46th Road | 4.02 | |||||||||
5 | 77 Clinton Avenue | Abraham Leser; Edith Leser | 5 | ||||||||
6 | Takoma Metro Center | Norman Jemal | 6 | ||||||||
7 | The Tower at Burbank | BPP Burbank Holdings LLC | 7 | ||||||||
8 | Planet Self Storage Portfolio | Robert Moser | 8 | ||||||||
8.01 | Prime Storage - Somerville | 8.01 | |||||||||
8.02 | Prime Storage - Newington | 8.02 | |||||||||
8.03 | Prime Storage - Washington | 8.03 | |||||||||
8.04 | Prime Storage - Brookfield | 8.04 | |||||||||
8.05 | Prime Storage - Quakertown | 8.05 | |||||||||
8.06 | Prime Storage - Hyde Park | 8.06 | |||||||||
8.07 | Prime Storage - Phillipsburg | 8.07 | |||||||||
8.08 | Prime Storage - New Milford | 8.08 | |||||||||
8.09 | Prime Storage - Fairless Hills | 8.09 | |||||||||
8.10 | Prime Storage - Clinton | 8.10 | |||||||||
8.11 | Prime Storage - Lindenwold | 8.11 | |||||||||
9 | The District at Tuttle | 4,000,000 | Scott W. Coy; Brian G. Uffelman | 9 | |||||||
10 | 730 Arizona Avenue | David Orenstein | 10 | ||||||||
11 | Phoenix Industrial Portfolio II | Phoenix Investors | 11 | ||||||||
11.01 | Flint | 11.01 | |||||||||
11.02 | Beloit | 11.02 | |||||||||
11.03 | DuBois | 11.03 | |||||||||
11.04 | Jefferson | 11.04 | |||||||||
11.05 | Huntsville | 11.05 | |||||||||
12 | North & Sheffield | Jeffrey J. Feil | 12 | ||||||||
13 | Global Payments, Inc. | BSPRT CRE Equity, LLC | 13 | ||||||||
14 | Somerset Park at Union | Gerald Lee Nudo; Laurence H. Weiner; Marc Kulick | 14 | ||||||||
15 | NMR Pharmacy Portfolio | 8,500,000 | Moshe Shovtiel Rudich | 15 | |||||||
15.01 | WAG - Knoxville, TN | 1,399,292 | 15.01 | ||||||||
15.02 | WAG - Cincinnati, OH | 1,003,695 | 15.02 | ||||||||
15.03 | WAG - Huntington, IN | 843,318 | 15.03 | ||||||||
15.04 | CVS - Dublin, OH | 676,258 | 15.04 | ||||||||
15.05 | CVS - Ashland, KY | 640,173 | 15.05 | ||||||||
15.06 | WAG - Akron, OH | 609,434 | 15.06 | ||||||||
15.07 | Rite Aid/PNC ATM - Dayton, OH | 555,975 | 15.07 | ||||||||
15.08 | CVS - Bristol, VA | 523,899 | 15.08 | ||||||||
15.09 | CVS - Bristol, TN | 510,535 | 15.09 | ||||||||
15.10 | CVS - Evans, GA | 502,516 | 15.10 | ||||||||
15.11 | WAG - Henderson, KY | 439,701 | 15.11 | ||||||||
15.12 | CVS - Summerfield, NC | 437,028 | 15.12 | ||||||||
15.13 | Rite Aid - Hermitage, PA | 358,176 | 15.13 | ||||||||
16 | Scripps Ranch Business Park- CA | David B. Dollinger | 16 | ||||||||
17 | Platte Airpark Tech Campus | Dmitry Gordeev; Abraham Ausch | 17 | ||||||||
18 | HIE & Candlewood Suites Portfolio | Robert Leatherman; Phyllis Leatherman | 18 | ||||||||
18.01 | Holiday Inn Express Grove City Outlet Center | 18.01 | |||||||||
18.02 | Candlewood Suites Grove City Outlet Center | 18.02 | |||||||||
18.03 | Holiday Inn Express & Suites Wadsworth | 18.03 | |||||||||
19 | The Hamptons Apartments | MogulREIT I, LLC; Jilliene Helman | 19 | ||||||||
20 | Hilton Garden Inn - Ft. Myers | Richard L. LaFrance | 20 | ||||||||
21 | Washington Avenue Portfolio | Vinod Kewalramani | 21 | ||||||||
21.01 | Washington Avenue Properties | 21.01 | |||||||||
21.02 | 319 Saint Emanuel | 21.02 | |||||||||
21.03 | 16210 Clay | 21.03 | |||||||||
22 | River Club | Yshia David Willner; Moshe Y. Wagner | 22 | ||||||||
23 | Best Western Premier NYC Gateway | Tansukh R. Suratwala; Jugmohan R. Suratwala | 23 | ||||||||
24 | Helena & Tillamook Apartment Portfolio | Dennis Erick Sackhoff; Dennis Erick Sackhoff Revocable Trust | 24 | ||||||||
24.01 | Helena Apartments | 24.01 | |||||||||
24.02 | Tillamook Street Apartments | 24.02 | |||||||||
25 | Hilltop Shopping Center | Stephen B. Jaeger | 25 | ||||||||
26 | Westbrook Office Park III | Brian C. Adams; Abhishek Mathur | 26 | ||||||||
27 | Westlake Village I & II | Katherine A. Roche Marital Trust; Katherine A. Roche | 27 | ||||||||
28 | Morse Road Portfolio | Mina L. Dioun | 28 | ||||||||
28.01 | Morse Plaza | 28.01 | |||||||||
28.02 | 1607-1635 Morse Road | 28.02 | |||||||||
29 | SPS Vacaville II | Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Michael B. Eisler, individually and as Trustee of the Michael Bradley Eisler Revocable Trust | Y - Group 1 | 29 | |||||||
30 | Campus Edge Apartments | Francis Greenburger | 30 | ||||||||
31 | Number 10 Main Apartments | 3,000,000 | 2.18 | 2.11 | 84.6% | 7.9% | 7.7% | Akinjide A. Famuagun | 31 | ||
32 | Virginia Varsity Self Storage | John D. Lugar | 32 | ||||||||
33 | Renaissance Square | Steven Usdan | 33 | ||||||||
34 | Shoppes of Cooper City | Andrew Perkins | 34 | ||||||||
35 | Mountain View & Evergreen MHC Portfolio | John P. Briggs; Julio C. Jaramillo | 35 | ||||||||
35.01 | Mountain View Estates MHC | 35.01 | |||||||||
35.02 | Evergreen Park MHC | 35.02 | |||||||||
36 | Laurel Bay | Paragon Management Company, LLC | 36 | ||||||||
37 | Apollo Point | Gregory Sarangoulis | 37 | ||||||||
38 | Toledo Shopping Center | Steven Halegua | 38 | ||||||||
39 | Beacon Center Office Park | Ahmed Al-Khatib | 39 | ||||||||
40 | CIRE Equity Retail & Industrial Portfolio | Josh Volen; Trevor Smith; CIRE OpCo I, LLC | 40 | ||||||||
40.01 | Wood Village Town Center | 40.01 | |||||||||
40.02 | Pecan Promenade | 40.02 | |||||||||
40.03 | Valley Plaza | 40.03 | |||||||||
40.04 | Pear Tree | 40.04 | |||||||||
40.05 | Glendale Market Square | 40.05 | |||||||||
40.06 | Central Park Shopping Center | 40.06 | |||||||||
40.07 | Val Vista Towne Center | 40.07 | |||||||||
40.08 | 2641 Hall Ave - Riverside, CA | 40.08 | |||||||||
40.09 | 606 W Troy - Indianapolis, IN | 40.09 | |||||||||
40.10 | Homeland - Bartow, FL | 40.10 | |||||||||
40.11 | 2621 Hall Ave - Riverside, CA | 40.11 | |||||||||
41 | Security Public Storage - Baltimore | Benjamin D. Eisler and Shirley E. Eisler, individually and as Co-Trustees of the Eisler Revocable Trust; Michael B. Eisler, individually and as Trustee of the Michael Bradley Eisler Revocable Trust | Y - Group 1 | 41 | |||||||
42 | Comfort Suites at The University | John W. Gandy | 42 | ||||||||
43 | Batavia Self Storage | Michael Kuphal; Belinda Metz | 43 | ||||||||
44 | Bent Palms Apartments | Kandarp Acharya; Amit Wadhwa; Salil Ray; Guarang Parekh | 44 |
A-1-10
FOOTNOTES TO ANNEX A-1 | |||||||||||||
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans. | |||||||||||||
(1) | "AREF" denotes Argentic Real Estate Finance LLC, “WFB” denotes Wells Fargo Bank, National Association, "RMF" denotes Rialto Mortgage Finance, LLC, "BSPRT" denotes BSPRT CMBS Finance, LLC and "UBS AG" denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York. | ||||||||||||
(2) | For mortgage loan #1 (Continental Park - Rosecrans Douglas), the Number of Units includes 199,725 square feet of office space and 6,287 square feet of retail space. | ||||||||||||
For mortgage loan #6 (Takoma Metro Center), the Number of Units includes 105,124 square feet of flex space, 75,912 square feet of office space and 17,071 square feet of retail space. | |||||||||||||
For mortgage loan #21 (Washington Avenue Portfolio), the Number of Units includes 69,885 square feet of industrial space, 41,562 square feet of retail space and 13,577 square feet of office space. | |||||||||||||
For mortgage loan #36 (Laurel Bay), the Number of Units includes 9,748 square feet of office space and 7,912 square feet of retail space. | |||||||||||||
For mortgage loan #38 (Toledo Shopping Center), the Number of Units includes 22,500 square feet of retail space and 13,500 square feet of office space. | |||||||||||||
For mortgage loan #40 (CIRE Equity Retail & Industrial Portfolio), the Number of Units includes 1,049,075 square feet of retail space and 141,280 square feet of industrial space. | |||||||||||||
(3) | For mortgage loan #7 (The Tower at Burbank), the mortgage loan represents Note A-3, one of three pari passu notes, which have a combined Cut-off Date Balance of $195,000,000. Notes A-1 and A-2 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on all notes in the aggregate (the "The Tower at Burbank Whole Loan"). Note A-3 represents a non-controlling interest in The Tower at Burbank Whole Loan. | ||||||||||||
For mortgage loan #8 (Planet Self Storage Portfolio), the mortgage loan represents Notes A-2 and A-4, two of four pari passu notes, which have a combined Cut-off Date Balance of $70,000,000. Notes A-1 and A-3 are not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on Notes A-1, A-2, A-3 and A-4 in the aggregate (the "Planet Self Storage Portfolio Whole Loan"). Notes A-2 and A-4 represent the non-controlling interests in the Planet Self Storage Portfolio Whole Loan. | |||||||||||||
For mortgage loan #11 (Phoenix Industrial Portfolio II) the mortgage loan represents Notes A-3 and A-4, two of six pari passu notes, which have a combined Cut-off Date Balance of $68,000,000. Notes A-1, A-2, A-5 and A-6 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, A-4, A-5 and A-6 in the aggregate (the “Phoenix Industrial Portfolio II Whole Loan”). Notes A-3 and A-4 represent non-controlling interests in the Phoenix Industrial Portfolio II Whole Loan. | |||||||||||||
For mortgage loan #13 (Global Payments, Inc.), the mortgage loan represents Note A-1, one of two pari passu notes, which have a combined Cut-off Date Balance of $29,167,000. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures presented are based on all notes in the aggregate (the "Global Payments, Inc. Whole Loan"). Note A-1 represents a controlling interest in the Global Payments, Inc. Whole Loan. | |||||||||||||
For mortgage loan #15 (NMR Pharmacy Portfolio), the mortgage loan represents Note A-1, one of two pari passu notes, which have a combined Cut-off Date Balance of $31,800,000. Note A-2 is not included in the trust. All LTV, DSCR, Debt Yield and Cut-off Date Balance Per Unit/SF figures |
A-1-11
presented are based on all notes in the aggregate (the "NMR Pharmacy Portfolio Whole Loan"). Note A-1 represents a controlling interest in the NMR Pharmacy Portfolio Whole Loan. | |||||||||||||
For mortgage loan #21 (Washington Avenue Portfolio), the mortgage loan represents Note A-2, one of two pari passu notes, which have a combined Cut-off Date Balance of $39,000,000. 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 "Washington Avenue Portfolio Whole Loan"). Note A-2 represents a non-controlling interest in the Washington Avenue Portfolio Whole Loan. | |||||||||||||
For mortgage loan #40 (CIRE Equity Retail & Industrial Portfolio), the mortgage loan represents Note A-5-2, one of eight pari passu notes, which have a combined Cut-off Date Balance of $128,600,000. Notes A-1, A-2-1, A-2-2, A-3, A-4, A-5-1 and A-6 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-2-1, A-2-2, A-3, A-4, A-5-1, A-5-2 and A-6 in the aggregate (the “CIRE Equity Retail & Industrial Portfolio Whole Loan”). Note A-5-2 represents a non-controlling interest in the CIRE Equity Retail & Industrial Portfolio Whole Loan. | |||||||||||||
(4) | For mortgage loan #13 (Global Payments, Inc.), the Global Payments, Inc. Whole Loan is structured with an anticipated repayment date of November 6, 2029 (the “ARD”) and a stated maturity date of November 6, 2034. The monthly debt service payments are based on an initial interest rate of 3.8500%, and are interest-only through and including the ARD. Commencing on December 6, 2029 and each payment date thereafter, the Global Payments, Inc. Whole Loan will accrue interest at a rate of 6.3500%. In addition, to the extent that there is excess cash flow after the payment of reserves, the excess cash flow will be applied as described in the mortgage loan documents. | ||||||||||||
(5) | For mortgage loan #7 (The Tower at Burbank), the mortgage loan documents allow for a partial prepayment, subject to yield maintenance, at any time throughout the mortgage loan term. | ||||||||||||
(6) | For mortgage loan #4 (74 Kent Street & 11-20 46th Road), the Appraised Value presented is the sum of the appraised value of each mortgaged property. The “As-Is” appraised value of $24,700,000 as of July 16, 2019 for the 74 Kent Street mortgaged property includes the extraordinary assumption that approximately $1,100,100 of outstanding tenant improvements has been funded. At origination, the borrower escrowed $1,117,345 in related leasing cost expenses. The “as complete” appraised value of $24,300,000 as of December 1, 2019 for the 11-20 46th Road mortgaged property assumes, among other things, that construction of the improvements will be completed on time and within budget. | ||||||||||||
For mortgage loan #5 (77 Clinton Avenue), the Appraised Value presented represents the “As-Stabilized” value as of October 1, 2020, which assumes the sole tenant, New York City Department of Education ("NYCDOE"), is paying the increased rental rate under its renewal lease effective in September 2020. At origination, the borrower deposited $771,667 into a renewal rent reserve, which represents the difference between the in place rental rate and the renewal lease rental rate from the origination date through September 2020. | |||||||||||||
For mortgage loan #6 (Takoma Metro Center), the Appraised Value is based on the “As-Is (No Free Rent)” appraised value of $39,600,000, which assumes no free rent for the Breakthrough Montessori PCR expansion space of 25,559 square feet. At origination, $600,000 was reserved for concessions related to the Breakthrough Montessori PCS expansion space, which space is currently occupied by A. Salon LTD. The “As-Is” appraised value for the mortgaged property is $39,000,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $39,000,000 “As-Is” appraised value are 70.8% and 70.8%, respectively. | |||||||||||||
For mortgage loan #8 (Planet Self Storage Portfolio), the Appraised Value reflects an "as-bulk" appraised value, which includes a diversity premium based on an assumption that all of the mortgaged properties would be sold together as a portfolio. The Appraised Value assuming no portfolio level diversity premium is $96,350,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the $96,350,000 value are 72.7% and 72.7%, respectively. | |||||||||||||
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For mortgage loan #15 (NMR Pharmacy Portfolio), the Appraised Value reflects an "as-bulk" appraised value, which includes a diversity premium based on an assumption that all of the mortgaged properties would be sold together as a portfolio. The Appraised Value assuming no portfolio level diversity premium is $47,645,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the $47,645,000 value are 66.7% and 66.7%, respectively. | |||||||||||||
For mortgage loan #18 (HIE & Candlewood Suites Portfolio), the Appraised Value represents the sum of the “As-Is” value for the Candlewood Suites Grove City Outlet Center mortgaged property and the “As-Stabilized” values for the Holiday Inn Express Grove City Outlet Center mortgaged property and the Holiday Inn Express & Suites Wadsworth mortgaged property. The respective “As-Stabilized” values for the Holiday Inn Express Grove City Outlet Center mortgaged property and the Holiday Inn Express & Suites Wadsworth mortgaged property assume that each mortgaged property completes the related franchise-required renovation plans by the valuation date. At origination, the borrower deposited $3,760,000 into a property improvement plan reserve for the related renovations. | |||||||||||||
For mortgage loan #20 (Hilton Garden Inn - Ft. Myers), the Appraised Value assumes the outstanding property improvement plan (“PIP”) expected to be completed in July 2020, has been completed. All outstanding PIP cost have been reserved. The appraised value assuming the PIP is not completed is $18,700,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the $18,700,000 appraised value are 76.0% and 61.1%, respectively. | |||||||||||||
For mortgage loan #40 (CIRE Equity Retail & Industrial Portfolio), the Appraised Value with respect to the whole loan is based on the “As-Portfolio” appraised value of $198,100,000, which reflects an approximate 5.0% premium attributed to the aggregate sum of the “As-Is” appraised values, as applicable, for each of the mortgaged properties on an individual basis. On a stand-alone basis, the mortgaged properties have an aggregate “As-Is” appraised value of $188,710,000. The Cut-off Date LTV Ratio and the LTV Ratio at Maturity or ARD based on the whole loan and the aggregate stand-alone “As-Is” appraised value of $188,710,000 are 68.1% and 68.1%, respectively. | |||||||||||||
(7) | For mortgage loan #14 (Somerset Park at Union), all LTVs, DSCRs and Debt Yields are calculated assuming the full Cut-off Date Balance net of the required upgrade reserve holdback of $1,500,000. The holdback can be disbursed in whole or in part provided that the following conditions are satisfied: (i) a minimum net operating income debt yield of 8.5%; (ii) a minimum property occupancy of 90.0%, and (iii) no event of default has occurred or is continuing. If the holdback has not been released by October 22, 2022, the lender will apply the unreleased proceeds to pay down the mortgage loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. Assuming the full holdback balance is applied to the mortgage loan amount of $18,750,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, Cut-off Date U/W NOI Debt Yield and Cut-off Date U/W NCF Debt Yield are 69.4%, 69.4%, 2.14x, 1.99x, 8.3% and 7.7%, respectively. | ||||||||||||
For mortgage loan #19 (The Hamptons Apartments), all LTVs, DSCRs and Debt Yields are calculated assuming the full Cut-off Date Balance net of the required upgrade reserve holdback of $1,480,000. If the holdback has not been released by the later of (x) November 6, 2022, and (y) the lender’s determination that the borrower has completed (i) not less than one-third of the interior upgrades work and (ii) all of the common area upgrades and repairs work, the lender will apply the unreleased proceeds to pay down the mortgage loan, accompanied by the applicable yield maintenance premium to be paid by the borrower. The holdback can be disbursed in whole or in part provided that the following conditions are satisfied: (i) a minimum net operating income debt yield of 8.0%, (iii) no event of default has occurred or is continuing. Assuming the full holdback balance is applied to the full mortgage loan amount of $15,850,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, Cut-off Date U/W NOI Debt Yield and Cut-off Date U/W NCF Debt Yield are 82.1%, 82.1%, 2.01x, 1.93x, 8.2% and 7.9%, respectively. | |||||||||||||
(8) | For mortgage loan #13 (Global Payments, Inc.), the mortgage loan has a five-day grace period after non-payment notice only twice during the loan term or thereafter within five days after the date when due. | ||||||||||||
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(9) | 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, or affiliated tenants that (in the aggregate), occupy 50% or more of the net rentable area of, or represent 50% or more of the underwritten revenues of related Mortgage Properties, certain of such tenants have not taken possession or commenced paying rent or are not yet fully operational or may have subleased a portion of the leased space. 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 (Scripps Ranch Business Park–CA), the fifth largest tenant (13,200 square feet), has abated rent in April and May 2020. The outstanding abatements were reserved for at origination of the mortgage loan. | |||||||||||||
For mortgage loan #21 (Washington Avenue Portfolio), the second largest tenant (6,015 square feet) and third largest tenant (5,250 square feet) at the Washington Avenue Properties mortgaged property are paying unabated rent but are not yet in occupancy. Tenant improvements are being completed at the mortgaged property pursuant to the terms of each applicable lease. At origination, the borrower deposited $165,821 and $110,484 into an unoccupied premises rollover reserve, which funds are allocated to the second largest tenant and third largest tenant, respectively, and will be disbursed upon each tenant taking occupancy in its leased premises. | |||||||||||||
For mortgage loan #27 (Westlake Village I & II), the second largest tenant (6,915 square feet), representing 4.2% of net rentable area, took occupancy on July 1, 2017, and has abated rent from October 1, 2019 through December 31, 2019. | |||||||||||||
For mortgage loan #28 (Morse Road Portfolio), the second largest tenant at the 1607–1635 Morse Road mortgaged property (2,500 square feet), representing 18.2% of net rentable area of such mortgaged property, has accepted its space and commenced paying rent. It is currently completing its build out and will open for business upon completion. The fifth largest tenant at the 1607–1635 Morse Road mortgaged property (1,593 square feet), representing 11.6% of net rentable area of such mortgaged property, has accepted its space and commenced paying rent. It is currently completing its build-out and will open for business upon completion. | |||||||||||||
For mortgage loan #33 (Renaissance Square), the fourth largest tenant (6,943 square feet), representing 8.7% of net rentable square feet, took possession of its space on September 30, 2019 and is currently building out its space. The tenant is required to commence payment of rent the earlier of (i) January 28, 2020, or (ii) the day that tenant opens for business. At origination, the borrower reserved with the lender $231,905, which represents the outstanding TIs and LCs for the tenant, $13,885, which represents 2 months of free rent for the tenant and $180,085, which represents a rent credit for this tenant. | |||||||||||||
For mortgage loan #40 (CIRE Equity Retail & Industrial Portfolio), the third largest tenant at the Val Vista Towne Center mortgaged property (3,511 square feet), representing 3.8% of the net rentable area of such mortgaged property, is in a free rent period that commenced in August 2019 and ends in November 2019. The amount was reserved for at origination. | |||||||||||||
(10) | For mortgage loan #5 (77 Clinton Avenue), the mortgaged property is subject to (i) a primary lease between the sole tenant, NYCDOE, as primary tenant, and Clinton Associates of Kings 2 LLC, as landlord (the “NYCDOE Lease”), and (ii) a lease between Clinton Associates of Kings 2 LLC, as lessor, and the guarantor, as lessee (the “Leser Lease”). Under the terms of the Leser Lease, if the primary tenant fails or is not obligated to pay all base rent, additional rent and other amounts due under the terms of the NYCDOE Lease, the guarantor will be required to pay all such amounts due and to perform any other material obligations of the primary tenant under the NYCDOE Lease. | ||||||||||||
(11) | For mortgage loan #1 (Continental Park - Rosecrans Douglas), the largest tenant (82,346 square feet), representing 40.0% of net rentable square feet, has multiple lease expiration dates. The tenant has 59,908 square feet expiring on March 31, 2029 and 22,438 square feet expiring on November 30, 2025. | ||||||||||||
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(12) | For mortgage loan #2 (West Bountiful Commons), the largest tenant (135,000 square feet) leases the collateral pad site and the improvements built on the pad site are owned by the tenant. In the event that the tenant does not renew its lease and the borrower is unable to lease the pad site, the ownership of the improvements will revert to the borrower. | ||||||||||||
(13) | For mortgage loan #21 (Washington Avenue Portfolio), the 319 Saint Emanuel mortgaged property is occupied by the single tenant, The White Collection, which is a borrower-affiliated tenant. The Washington Avenue Properties mortgaged property includes a borrower-affiliated tenant, Urban Living (11,505 square feet). | ||||||||||||
(14) | 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, or affiliated tenants that (in the aggregate), occupy 50% or more of the net rentable area of, or represent 50% or more of the underwritten revenues of related Mortgaged Properties, certain of such tenants have unilateral termination options or termination options related to lack of appropriations 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 (Scripps Ranch Business Park–CA), the second largest tenant (21,078 square feet), representing 22.4% of net rentable square feet, may terminate its lease at any time upon providing 365 days’ written notice. The fifth largest tenant (13,200 square feet), representing 14.0% of net rentable square feet, may terminate its lease as of March 31, 2023 upon providing notice by June 30, 2022 and payment of a termination fee equal to $78,239 plus all unamortized leasing commissions, free rent and camera equipment allowances. | |||||||||||||
For mortgage loan #17 (Platte Airpark Tech Campus), the second largest tenant (64,739 square feet), representing 47.1% of net rentable square feet, may terminate its lease at any time if funding under the defense contract under which it operates at the mortgaged property decreases by more than 50% annually. The tenant is required to provide 6 months’ prior notice and pay a termination fee equal to three months’ base rent plus any unamortized tenant improvement allowance and leasing commissions. The third largest tenant (4,948 square feet), representing 3.6% of net rentable square feet, has the right to terminate its lease on November 30, 2021 and again on November 30, 2022, upon 120 days’ prior notice and payment of the unamortized balance of all tenant improvements and leasing commissions associated with its leased premises. | |||||||||||||
For mortgage loan #26 (Westbrook Office Park III), the third largest tenant (18,099 square feet), representing 18.4% of net rentable square feet, may terminate its lease any time by providing a 120-day prior written notice. | |||||||||||||
For mortgage loan #28 (Morse Road Portfolio), the largest tenant at the 1607-1635 Morse Road mortgaged property (2,696 square feet), representing 19.6% of net rentable area of such mortgaged property, has the right to terminate its lease as of November 3, 2019 (but not later than November 8, 2019) if certain landlord work, as described in the tenant’s lease, is not completed by such date. | |||||||||||||
For mortgage loan #33 (Renaissance Square), the second largest tenant (16,519 square feet), representing 20.8% of net rentable square feet, may terminate its lease if the tenant’s gross sales for the period from November 1, 2020 to October 31, 2021 fall below $4.0 million by providing a written notice on or before April 29, 2022. | |||||||||||||
For mortgage loan #39 (Beacon Center Office Park), the largest tenant (13,798 square feet), representing approximately 12.4% of the net rentable area, may terminate its lease (i) on April 1, 2021, upon delivering six months’ notice to landlord and payment of all unamortized tenant improvements and (ii) on September 30 of any fiscal year where the state legislature of Alabama |
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fails to appropriate funds to such tenant to make rental payments for the ensuing fiscal year. Additionally, in the event of the proration of such funds, the lease will be subject to termination at the option of such tenant. The third largest tenant (8,494 square feet), representing approximately 7.6% of the net rentable area, may terminate its lease on December 31, 2019, upon delivering six months’ notice to landlord and payment of all unamortized tenant improvements. | |||||||||||||
For mortgage loan #40 (CIRE Equity Retail & Industrial Portfolio), the sole tenant at the Homeland – Bartow, FL mortgaged property, (67,438 square feet), representing 100.0% of net rentable area of such mortgaged property, has the right to terminate its lease effective at any time after July 1, 2022, with at least 12 months’ prior notice and payment of a termination fee equal to the sum of $500,000 plus any unamortized tenant improvements. | |||||||||||||
(15) | For mortgage loan #18 (HIE & Candlewood Suites Portfolio), the Monthly Replacement Reserve amount is equal to the greater of (i) one-twelfth of the FF&E Applicable Percentage of the gross revenues for the mortgaged property in the preceding calendar year or (ii) the amount required to be collected each month for FF&E pursuant to the terms of the Hotel Agreement. | ||||||||||||
For mortgage loan #23 (Best Western Premier NYC Gateway), on each payment date (i) from May through December in 2020 and (ii) in the months of January, May, June, July, August, September, October, November, and December from 2021 until the end of the loan term, the borrower is required to deposit to the seasonality reserve an amount equal to the quotient obtained by dividing the seasonality reserve aggregate shortfall amount by 9. | |||||||||||||
For mortgage loan #38 (Toledo Shopping Center), the Monthly Replacement Reserve will increase by two percent (2%) on each anniversary of the first payment date. | |||||||||||||
For mortgage loan #39 (Beacon Center Office Park), the Monthly Replacement Reserve will increase by two percent (2%) on each anniversary of the first payment date. | |||||||||||||
For mortgage loan #42 (Comfort Suites at The University), the borrower is required to deposit on each monthly payment date occurring in July and August an amount equal to one-half of the amount by which (i) the product of (a) 125.0% and (b) the seasonality shortfall amount for the twelve-month period commencing on the first day of March in the calendar year preceding the calendar year in which such determination is made exceeds (ii) the funds on deposit in the seasonality reserve as of the date such shortfall amount is determined by the lender. At origination, $91,488 was deposited into the seasonality reserve. | |||||||||||||
(16) | For mortgage loan #1 (Continental Park - Rosecrans Douglas), the TI/LC Reserve Cap of $500,000 does not take into account the Upfront TI/LC Reserve of $6,500,000. | ||||||||||||
For mortgage loan #17 (Platte Airpark Tech Campus), the mortgage loan documents require an Upfront TI/LC Reserve in the amount of $650,000 and an ongoing monthly reserve in the amount of $11,452. The TI/LC Reserve Cap is initially equal to $1,250,000 but can be reduced (i) to $625,000, to the extent the Rollover Reserve Subaccount Cap Reduction Conditions have been satisfied, or (ii) an amount which, when aggregated with any sums then on deposit in the Special Rollover Reserve Subaccount, would equal $2,000,000. |
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