FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226486-15 | ||
WFCM 2020-C57 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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 Securities LLC, Academy Securities, Inc., Drexel Hamilton, LLC, or any of their respective affiliates, make any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities. The information in this presentation is based upon management forecasts and reflects prevailing conditions and management’s views as of this date, all of which are subject to change. In preparing this presentation, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to us by or on behalf of the Mortgage Loan Sellers or which was otherwise reviewed by us.
This free writing prospectus contains certain forward-looking statements. If and when included in this free writing prospectus, the words “expects”, “intends”, “anticipates”, “estimates” and analogous expressions and all statements that are not historical facts, including statements about our beliefs or expectations, are intended to identify forward-looking statements. Any forward-looking statements are made subject to risks and uncertainties which could cause actual results to differ materially from those stated. Those risks and uncertainties include, among other things, declines in general economic and business conditions, increased competition, changes in demographics, changes in political and social conditions, regulatory initiatives and changes in customer preferences, many of which are beyond our control and the control of any other person or entity related to this offering. The forward-looking statements made in this free writing prospectus are made as of the date stated on the cover. We have no obligation to update or revise any forward-looking statement.
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including but not limited to Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC, and Wells Fargo Bank, N.A. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.
IMPORTANT NOTICE REGARDING THE OFFERED CERTIFICATES The information herein is preliminary and may be supplemented or amended prior to the time of sale.
In addition, the Offered Certificates referred to in these materials and the asset pool backing them are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined, or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.
The underwriters described in these materials may from time to time perform investment banking services for, or solicit investment banking business from, any company named in these materials. The underwriters and/or their affiliates or respective employees may from time to time have a long or short position in any security or contract discussed in these materials.
The information contained herein supersedes any previous such information delivered to any prospective investor and will be superseded by information delivered to such prospective investor prior to the time of sale.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) any representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.
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ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Mortgage Loan Seller(1) | Cross Collateralized and Cross Defaulted Loan Flag | Address | City | State | Zip Code | General Property Type(2)(3) | Specific Property Type | Year Built | Year Renovated | Number of Units(2) | Unit of Measure | Cut-off Date Balance Per Unit/SF | Original Balance ($) | Cut-off Date Balance ($) | % of Aggregate Cut-off Date Balance |
1 | PGH17 Self Storage Portfolio | LMF | Various | Various | Various | Various | Self Storage | Self Storage | Various | Various | 924,956 | Sq. Ft. | 101 | 56,000,000 | 56,000,000 | 9.99% | |
1.01 | Prime Storage - Malta/Saratoga Springs | LMF | 2353 Route 9 | Malta | NY | 12118 | Self Storage | Self Storage | 2011 | 77,375 | Sq. Ft. | 5,612,043 | 5,612,043 | 1.0% | |||
1.02 | Capital Self Storage - Mechanicsburg | LMF | 5160 East Trindle Road | Hampden | PA | 17050 | Self Storage | Self Storage | 1999 | 79,350 | Sq. Ft. | 5,527,742 | 5,527,742 | 1.0% | |||
1.03 | Capital Self Storage - Middletown | LMF | 2200 Vine Street | Middletown | PA | 17057 | Self Storage | Self Storage | 2004 | 74,225 | Sq. Ft. | 5,184,516 | 5,184,516 | 0.9% | |||
1.04 | Capital Self Storage - East York | LMF | 2611 East Market Street | York | PA | 17402 | Self Storage | Self Storage | 1942 | 2008 | 64,140 | Sq. Ft. | 4,600,430 | 4,600,430 | 0.8% | ||
1.05 | Capital Self Storage - Harrisburg Arsenal | LMF | 1851 Arsenal Boulevard | Harrisburg | PA | 17103 | Self Storage | Self Storage | 2006 | 59,475 | Sq. Ft. | 4,413,763 | 4,413,763 | 0.8% | |||
1.06 | Eliot Rent A Space & Self Storage | LMF | 61 & 249 Harold L. Dow Highway | Eliot | ME | 03903 | Self Storage | Self Storage | 1986 | 70,450 | Sq. Ft. | 4,070,538 | 4,070,538 | 0.7% | |||
1.07 | Capital Self Storage - Enola | LMF | 10 Prospect Drive | Enola | PA | 17025 | Self Storage | Self Storage | 1989 | 60,309 | Sq. Ft. | 4,070,538 | 4,070,538 | 0.7% | |||
1.08 | Capital Self Storage - Harrisburg Derry | LMF | 3861 Derry Street | Harrisburg | PA | 17111 | Self Storage | Self Storage | 1998 | 55,225 | Sq. Ft. | 3,805,591 | 3,805,591 | 0.7% | |||
1.09 | Capital Self Storage - West York | LMF | 915 Carlisle Road | York | PA | 17404 | Self Storage | Self Storage | 2001 | 71,750 | Sq. Ft. | 3,582,796 | 3,582,796 | 0.6% | |||
1.1 | Capital Self Storage - Dover | LMF | 4044 Carlisle Road | Dover | PA | 17315 | Self Storage | Self Storage | 1986 | 77,625 | Sq. Ft. | 3,510,538 | 3,510,538 | 0.6% | |||
1.11 | A Space Place Self Storage | LMF | 3220 Horseblock Road | Medford | NY | 11763 | Self Storage | Self Storage | 1989 | 37,170 | Sq. Ft. | 3,143,226 | 3,143,226 | 0.6% | |||
1.12 | Capital Self Storage - Hanover | LMF | 250 East Chestnut Street | Hanover | PA | 17331 | Self Storage | Self Storage | 2001 | 60,300 | Sq. Ft. | 2,998,710 | 2,998,710 | 0.5% | |||
1.13 | Prime Storage - Glens Falls | LMF | 128 Dix Avenue | Glens Falls | NY | 12801 | Self Storage | Self Storage | 2002 | 47,600 | Sq. Ft. | 1,836,559 | 1,836,559 | 0.3% | |||
1.14 | Affordable Storage - Wilton | LMF | 3 Commerce Park Drive | Wilton | NY | 12831 | Self Storage | Self Storage | 2004 | 28,400 | Sq. Ft. | 1,113,978 | 1,113,978 | 0.2% | |||
1.15 | Prime Storage - Latham New Loudon Road | LMF | 1322 Loudon Road | Cohoes | NY | 12047 | Self Storage | Self Storage | 1997 | 22,500 | Sq. Ft. | 1,047,742 | 1,047,742 | 0.2% | |||
1.16 | Rotterdam Self Storage | LMF | 103 Old Mill Lane | Rotterdam | NY | 12306 | Self Storage | Self Storage | 1980 | 25,962 | Sq. Ft. | 764,731 | 764,731 | 0.1% | |||
1.17 | Affordable Storage - Saratoga | LMF | 655 Saratoga Road | Wilton | NY | 12831 | Self Storage | Self Storage | 1996 | 13,100 | Sq. Ft. | 716,559 | 716,559 | 0.1% | |||
2 | Phoenix Industrial Portfolio IV | UBS AG | Various | Various | Various | Various | Industrial | Various | Various | Various | 2,125,525 | Sq. Ft. | 22 | 46,000,000 | 46,000,000 | 8.2% | |
2.01 | Edgerton | UBS AG | 1220 West Fulton Street | Edgerton | WI | 53534 | Industrial | Warehouse | 1960 | 2018 | 845,506 | Sq. Ft. | 20,800,000 | 20,800,000 | 3.7% | ||
2.02 | Delaware | UBS AG | 435 Park Avenue | Delaware | OH | 43015 | Industrial | Warehouse | 1958 | 2018 | 450,708 | Sq. Ft. | 7,725,000 | 7,725,000 | 1.4% | ||
2.03 | Pawcatuck | UBS AG | 100 Mechanic Street | Pawcatuck | CT | 06379 | Industrial | Warehouse | 1888 | 2017 | 217,143 | Sq. Ft. | 6,975,000 | 6,975,000 | 1.2% | ||
2.04 | Herrin | UBS AG | 410 East Lyerla Drive | Herrin | IL | 62948 | Industrial | Manufacturing | 1946 | 2018 | 547,168 | Sq. Ft. | 6,900,000 | 6,900,000 | 1.2% | ||
2.05 | Menasha | UBS AG | 2225 American Drive | Menasha | WI | 54956 | Industrial | Flex | 1981 | 65,000 | Sq. Ft. | 3,600,000 | 3,600,000 | 0.6% | |||
3 | Hilton Garden Inn - Goleta | WFB | 6878 Hollister Avenue | Goleta | CA | 93117 | Hospitality | Select Service | 2017 | 142 | Rooms | 246,479 | 35,000,000 | 35,000,000 | 6.2% | ||
4 | DoubleTree New York Times Square West Leased Fee | UBS AG | 350 West 40th Street | New York | NY | 10018 | Other | Leased Fee | 2017 | 612 | Rooms | 94,771 | 30,000,000 | 30,000,000 | 5.4% | ||
5 | Technology Place | WFB | 10905, 10907-8, 10911, 10915, 10918-19, 10929, 10939, 10949 Technology Place | San Diego | CA | 92127 | Office | Suburban | 1980 | 2018 | 145,214 | Sq. Ft. | 201 | 29,250,000 | 29,250,000 | 5.2% | |
6 | Residence Inn - Fort Worth Cultural District | WFB | 2500 Museum Way | Fort Worth | TX | 76107 | Hospitality | Extended Stay | 2005 | 2015 | 149 | Rooms | 186,074 | 27,725,000 | 27,725,000 | 4.9% | |
7 | Landmark Corporate Center | UBS AG | 5500 South Quebec Street | Greenwood Village | CO | 80111 | Office | Suburban | 1982 | 2019 | 211,106 | Sq. Ft. | 121 | 25,480,000 | 25,480,000 | 4.5% | |
8 | Upland Park Townhomes | LMF | 1701 Upland Drive | Houston | TX | 77043 | Multifamily | Garden | 1971 | 2019 | 285 | Units | 84,211 | 24,000,000 | 24,000,000 | 4.3% | |
9 | Life Time Fitness - Gainesville, VA | WFB | 7801 Limestone Drive | Gainesville | VA | 20155 | Retail | Single Tenant | 2019 | 125,157 | Sq. Ft. | 184 | 23,000,000 | 23,000,000 | 4.1% | ||
10 | Town Square Apartments | UBS AG | 43336 Gadsden Avenue | Lancaster | CA | 93534 | Multifamily | Garden | 1985 | 2019 | 216 | Units | 104,167 | 22,500,000 | 22,500,000 | 4.0% | |
11 | Konica Minolta Phase II | LCF | 101 Williams Drive | Ramsey | NJ | 07446 | Office | Suburban | 1973 | 2019 | 117,169 | Sq. Ft. | 161 | 18,900,000 | 18,900,000 | 3.4% | |
12 | 501 3rd Street | WFB | 501 3rd Street | San Francisco | CA | 94107 | Office | CBD | 1920 | 2016 | 24,000 | Sq. Ft. | 745 | 17,871,000 | 17,871,000 | 3.2% | |
13 | TownePlace Suites Tacoma Lakewood | LMF | 11725 Pacific Highway Southwest | Lakewood | WA | 98499 | Hospitality | Extended Stay | 2017 | 119 | Rooms | 142,038 | 17,000,000 | 16,902,507 | 3.0% | ||
14 | Southlake Cove Apartments | LMF | 7509 Jonesboro Road | Jonesboro | GA | 30236 | Multifamily | Garden | 1987 | 346 | Units | 47,688 | 16,500,000 | 16,500,000 | 2.9% | ||
15 | 122nd Street Portfolio | LCF | Various | New York | NY | Various | Multifamily | Mid Rise | Various | Various | 132 | Units | 174,242 | 15,000,000 | 15,000,000 | 2.7% | |
15.01 | 260-262 West 122nd Street | LCF | 260-262 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 18 | Units | 2,331,522 | 2,331,522 | 0.4% | ||
15.02 | 240 West 122nd Street | LCF | 240 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 15 | Units | 1,907,609 | 1,907,609 | 0.3% | ||
15.03 | 238 West 122nd Street | LCF | 238 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 14 | Units | 1,875,000 | 1,875,000 | 0.3% | ||
15.04 | 242 West 122nd Street | LCF | 242 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 10 | Units | 1,777,174 | 1,777,174 | 0.3% | ||
15.05 | 236 West 122nd Street | LCF | 236 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 14 | Units | 1,500,000 | 1,500,000 | 0.3% | ||
15.06 | 244 West 122nd Street | LCF | 244 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 10 | Units | 1,451,087 | 1,451,087 | 0.3% | ||
15.07 | 2268 Frederick Douglass Boulevard | LCF | 2268 Frederick Douglass Boulevard | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 9 | Units | 1,320,652 | 1,320,652 | 0.2% | ||
15.08 | 234 West 122nd Street | LCF | 234 West 122nd Street | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 14 | Units | 1,108,696 | 1,108,696 | 0.2% | ||
15.09 | 222 Saint Nicholas Avenue | LCF | 222 Saint Nicholas Avenue | New York | NY | 10027 | Multifamily | Mid Rise | 1910 | 1993 | 9 | Units | 945,652 | 945,652 | 0.2% | ||
15.1 | 2500 Frederick Douglass Boulevard | LCF | 2500 Frederick Douglass Boulevard | New York | NY | 10030 | Multifamily | Mid Rise | 1910 | 1998 | 9 | Units | 391,304 | 391,304 | 0.1% | ||
15.11 | 262 West 115th Street | LCF | 262 West 115th Street | New York | NY | 10026 | Multifamily | Mid Rise | 1900 | 1998 | 10 | Units | 391,304 | 391,304 | 0.1% | ||
16 | The Grid | LCF | 50, 60 & 66, Franklin Street; 507-518 Main Street; 8-16 & 26 Portland Street | Worcester | MA | 01608 | Multifamily | Mid Rise | 1912 | 2017 | 466 | Units | 144,011 | 15,000,000 | 14,913,167 | 2.7% | |
17 | Bass Pro - Birmingham | UBS AG | 5000 Bass Pro Boulevard | Leeds | AL | 35094 | Retail | Single Tenant | 2008 | 148,971 | Sq. Ft. | 87 | 13,000,000 | 12,902,331 | 2.3% | ||
18 | Chesapeake | UBS AG | 2620-2626 Indian River Road | Chesapeake | VA | 23325 | Industrial | Warehouse | 1969 | 1971 | 334,497 | Sq. Ft. | 36 | 12,000,000 | 12,000,000 | 2.1% | |
19 | Martin Door Industrial | LMF | 2828 South 900 West | South Salt Lake | UT | 84119 | Industrial | Manufacturing | 1981 | 228,136 | Sq. Ft. | 52 | 11,830,000 | 11,830,000 | 2.1% | ||
20 | TownePlace Suites - Macon | UBS AG | 1550 Mercer University Drive | Macon | GA | 31204 | Hospitality | Extended Stay | 2016 | 95 | Rooms | 109,645 | 10,500,000 | 10,416,264 | 1.9% | ||
21 | 570 Taxter Road | UBS AG | 570 Taxter Road | Town of Greenburgh | NY | 10523 | Office | Suburban | 1972 | 2019 | 76,950 | Sq. Ft. | 125 | 9,600,000 | 9,600,000 | 1.7% | |
22 | South Carolina Industrial Portfolio | UBS AG | Various | Various | SC | Various | Industrial | Warehouse | Various | Various | 260,636 | Sq. Ft. | 32 | 8,250,000 | 8,240,511 | 1.5% | |
22.01 | East Frontage Road | UBS AG | 485, 595 and 625 East Frontage Road and 115 Fairgrove Trail | Campobello | SC | 29322 | Industrial | Warehouse | 1998 | 2008 | 144,000 | Sq. Ft. | 5,000,000 | 4,994,249 | 0.9% | ||
22.02 | Tucapau Road | UBS AG | 297, 313, 315 and 317 Tucapau Road | Duncan | SC | 29334 | Industrial | Warehouse | 1991 | 116,636 | Sq. Ft. | 3,250,000 | 3,246,262 | 0.6% | |||
23 | Luxor Garden Apartments | UBS AG | 1201 Heeney Avenue | Johnstown | PA | 15904 | Multifamily | Garden | 1956 | 2019 | 220 | Units | 32,727 | 7,200,000 | 7,200,000 | 1.3% | |
24 | Walgreens Burlington | LCF | 514 Farrell Street | South Burlington | VT | 05401 | Retail | Single Tenant | 1954 | 2010 | 26,340 | Sq. Ft. | 268 | 7,053,000 | 7,053,000 | 1.3% | |
25 | Spacebox Storage - Niceville | LMF | 323 Highway 85 | Niceville | FL | 32578 | Self Storage | Self Storage | 2017 | 57,848 | Sq. Ft. | 121 | 7,000,000 | 6,991,355 | 1.2% | ||
26 | Jefferson Apartments | LMF | 1501 Jefferson Avenue | Naperville | IL | 60540 | Multifamily | Garden | 1986 | 2009 | 60 | Units | 110,000 | 6,600,000 | 6,600,000 | 1.2% | |
27 | Kennedy Center | LMF | 4001 West Kennedy Boulevard | Tampa | FL | 33609 | Retail | Unanchored | 1970 | 2018 | 19,300 | Sq. Ft. | 336 | 6,550,000 | 6,491,863 | 1.2% | |
28 | Outback 98 West Storage | LMF | 6371 Highway 98 West | Hattiesburg | MS | 39402 | Self Storage | Self Storage | 2006 | 123,144 | Sq. Ft. | 49 | 6,100,000 | 6,091,502 | 1.1% | ||
29 | Old Meridian Professional Center | UBS AG | 12425 Old Meridian Street and 1185 West Carmel Drive | Carmel | IN | 46032 | Office | Medical | 1999 | 39,575 | Sq. Ft. | 141 | 5,600,000 | 5,592,393 | 1.0% | ||
30 | SPS Fresno Marks | WFB | 2455 North Marks Avenue & 3088 West Clinton Avenue | Fresno | CA | 93722 | Self Storage | Self Storage | 1976 | 2006 | 77,073 | Sq. Ft. | 72 | 5,585,000 | 5,585,000 | 1.0% | |
31 | Vineyard Pointe Apartments | LMF | 8213 Highway 85 | Riverdale | GA | 30274 | Multifamily | Garden | 1989 | 108 | Units | 50,926 | 5,500,000 | 5,500,000 | 1.0% | ||
32 | Commons at Southtowne IV | LMF | 10329, 10355 and 10373 South State Street | Sandy | UT | 84070 | Retail | Anchored | 1994 | 60,677 | Sq. Ft. | 81 | 4,950,000 | 4,916,562 | 0.9% | ||
33 | Tower Storage - Fayetteville | UBS AG | 4378 East Mission Boulevard | Fayetteville | AR | 72703 | Self Storage | Self Storage | 2006 | 2018 | 87,831 | Sq. Ft. | 50 | 4,400,000 | 4,400,000 | 0.8% | |
34 | 613 Oakfield Drive | LMF | 613 Oakfield Drive | Brandon | FL | 33511 | Office | Medical | 1977 | 2019 | 13,500 | Sq. Ft. | 226 | 3,050,000 | 3,050,000 | 0.5% | |
35 | Corner Plaza | WFB | 3918-3960 South Highland Drive | Millcreek | UT | 84124 | Retail | Unanchored | 1960 | 2008 | 41,597 | Sq. Ft. | 63 | 2,640,000 | 2,640,000 | 0.5% | |
36 | Dollar General- Isanti | LCF | 340 Palomino Road Southeast | Isanti | MN | 55040 | Retail | Single Tenant | 2020 | 9,002 | Sq. Ft. | 107 | 966,367 | 966,367 | 0.2% | ||
37 | Dollar General- Sioux City | LCF | 4401 Gordon Drive | Sioux City | IA | 51106 | Retail | Single Tenant | 2019 | 9,100 | Sq. Ft. | 98 | 887,610 | 887,610 | 0.2% | ||
38 | Dollar General- Newburgh | LCF | 6933 Sharon Road | Newburgh | IN | 47630 | Retail | Single Tenant | 2020 | 9,100 | Sq. Ft. | 97 | 883,523 | 883,523 | 0.2% | ||
39 | Dollar General- Waterloo | LCF | 1650 Idaho Street | Waterloo | IA | 50703 | Retail | Single Tenant | 2019 | 9,100 | Sq. Ft. | 91 | 832,500 | 832,500 | 0.1% | ||
40 | Dollar General- Little Falls | LCF | 804 West Broadway | Little Falls | MN | 56345 | Retail | Single Tenant | 2020 | 7,489 | Sq. Ft. | 110 | 827,201 | 827,201 | 0.1% | ||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date | Last IO Pay Date | First P&I Pay Date | Maturity Date or Anticipated Repayment Date | ARD Loan Maturity Date | Gross Mortgage Rate | Trust Advisor Fee | Certificate Administrator Fee Rate | Servicing Fee | CREFC® IP Royalty License Fee Rate | Asset Representations Reviewer Fee Rate | Net Mortgage Rate | Interest Accrual Method | Monthly P&I Payment ($) | Amortization Type(4) |
1 | PGH17 Self Storage Portfolio | 51,467,720 | N | 7/21/2020 | 9/6/2020 | 8/6/2025 | 9/6/2025 | 8/6/2030 | 4.77500% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.75287% | Actual/360 | 292,966.96 | Interest-only, Amortizing Balloon | |
1.01 | Prime Storage - Malta/Saratoga Springs | ||||||||||||||||||
1.02 | Capital Self Storage - Mechanicsburg | ||||||||||||||||||
1.03 | Capital Self Storage - Middletown | ||||||||||||||||||
1.04 | Capital Self Storage - East York | ||||||||||||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | ||||||||||||||||||
1.06 | Eliot Rent A Space & Self Storage | ||||||||||||||||||
1.07 | Capital Self Storage - Enola | ||||||||||||||||||
1.08 | Capital Self Storage - Harrisburg Derry | ||||||||||||||||||
1.09 | Capital Self Storage - West York | ||||||||||||||||||
1.1 | Capital Self Storage - Dover | ||||||||||||||||||
1.11 | A Space Place Self Storage | ||||||||||||||||||
1.12 | Capital Self Storage - Hanover | ||||||||||||||||||
1.13 | Prime Storage - Glens Falls | ||||||||||||||||||
1.14 | Affordable Storage - Wilton | ||||||||||||||||||
1.15 | Prime Storage - Latham New Loudon Road | ||||||||||||||||||
1.16 | Rotterdam Self Storage | ||||||||||||||||||
1.17 | Affordable Storage - Saratoga | ||||||||||||||||||
2 | Phoenix Industrial Portfolio IV | 39,637,487 | N | 2/7/2020 | 4/6/2020 | 3/6/2023 | 4/6/2023 | 3/6/2030 | 3.83950% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.81737% | Actual/360 | 215,376.04 | Interest-only, Amortizing Balloon | |
2.01 | Edgerton | ||||||||||||||||||
2.02 | Delaware | ||||||||||||||||||
2.03 | Pawcatuck | �� | |||||||||||||||||
2.04 | Herrin | ||||||||||||||||||
2.05 | Menasha | ||||||||||||||||||
3 | Hilton Garden Inn - Goleta | 29,954,282 | N | 3/10/2020 | 4/11/2020 | 3/11/2023 | 4/11/2023 | 3/11/2030 | 3.57000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.54787% | Actual/360 | 158,536.44 | Interest-only, Amortizing Balloon | |
4 | DoubleTree New York Times Square West Leased Fee | 30,000,000 | N | 11/25/2019 | 1/6/2020 | 12/6/2029 | 12/6/2029 | 3.66072% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.63859% | Actual/360 | 92,789.08 | Interest-only, Balloon | ||
5 | Technology Place | 23,233,371 | N | 7/16/2020 | 9/11/2020 | 9/11/2020 | 8/11/2030 | 4.00000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.97787% | Actual/360 | 139,643.97 | Amortizing Balloon | ||
6 | Residence Inn - Fort Worth Cultural District | 23,770,531 | N | 2/28/2020 | 4/11/2020 | 3/11/2023 | 4/11/2023 | 3/11/2030 | 3.64000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.61787% | Actual/360 | 126,674.41 | Interest-only, Amortizing Balloon | |
7 | Landmark Corporate Center | 23,221,357 | N | 7/30/2020 | 9/6/2020 | 8/6/2025 | 9/6/2025 | 8/6/2030 | 4.25000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.22787% | Actual/360 | 125,346.28 | Interest-only, Amortizing Balloon | |
8 | Upland Park Townhomes | 20,863,256 | N | 2/13/2020 | 4/6/2020 | 3/6/2023 | 4/6/2023 | 3/6/2030 | 4.20000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.17787% | Actual/360 | 117,364.12 | Interest-only, Amortizing Balloon | |
9 | Life Time Fitness - Gainesville, VA | 23,000,000 | N | 3/3/2020 | 4/11/2020 | 3/11/2030 | 3/11/2030 | 3.90000% | 0.00303% | 0.01330% | 0.03250% | 0.00050% | 0.00030% | 3.85037% | Actual/360 | 75,788.19 | Interest-only, Balloon | ||
10 | Town Square Apartments | 20,366,932 | N | 7/31/2020 | 9/6/2020 | 8/6/2025 | 9/6/2025 | 8/6/2030 | 3.85000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.82787% | Actual/360 | 105,481.85 | Interest-only, Amortizing Balloon | |
11 | Konica Minolta Phase II | 18,900,000 | N | 2/20/2020 | 4/6/2020 | 3/6/2030 | 3/6/2030 | 3.80000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.77787% | Actual/360 | 60,681.25 | Interest-only, Balloon | ||
12 | 501 3rd Street | 17,871,000 | N | 2/21/2020 | 4/11/2020 | 3/11/2030 | 3/11/2030 | 3.35000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.32787% | Actual/360 | 50,582.79 | Interest-only, Balloon | ||
13 | TownePlace Suites Tacoma Lakewood | 13,550,048 | N | 1/29/2020 | 3/6/2020 | 4/6/2020 | 5/6/2020 | 2/6/2030 | 3.95000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.92787% | Actual/360 | 80,671.33 | Interest-only, Amortizing Balloon | |
14 | Southlake Cove Apartments | 13,200,106 | N | 7/21/2020 | 9/6/2020 | 9/6/2020 | 8/6/2030 | 4.20000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.17787% | Actual/360 | 80,687.83 | Amortizing Balloon | ||
15 | 122nd Street Portfolio | 15,000,000 | N | 3/11/2020 | 5/6/2020 | 4/6/2030 | 4/6/2030 | 3.90000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.87787% | Actual/360 | 49,427.08 | Interest-only, Balloon | ||
15.01 | 260-262 West 122nd Street | ||||||||||||||||||
15.02 | 240 West 122nd Street | ||||||||||||||||||
15.03 | 238 West 122nd Street | ||||||||||||||||||
15.04 | 242 West 122nd Street | ||||||||||||||||||
15.05 | 236 West 122nd Street | ||||||||||||||||||
15.06 | 244 West 122nd Street | ||||||||||||||||||
15.07 | 2268 Frederick Douglass Boulevard | ||||||||||||||||||
15.08 | 234 West 122nd Street | ||||||||||||||||||
15.09 | 222 Saint Nicholas Avenue | ||||||||||||||||||
15.1 | 2500 Frederick Douglass Boulevard | ||||||||||||||||||
15.11 | 262 West 115th Street | ||||||||||||||||||
16 | The Grid | 11,828,193 | N | 3/11/2020 | 5/6/2020 | 5/6/2020 | 4/6/2030 | 3.80000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.77787% | Actual/360 | 69,893.60 | Amortizing Balloon | ||
17 | Bass Pro - Birmingham | 10,562,166 | N | 1/17/2020 | 3/6/2020 | 3/6/2020 | 2/6/2030 | 4.64500% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.62287% | Actual/360 | 66,993.83 | Amortizing Balloon | ||
18 | Chesapeake | 9,545,466 | N | 8/3/2020 | 9/6/2020 | 9/6/2020 | 8/6/2030 | 4.04020% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.01807% | Actual/360 | 57,568.29 | Amortizing Balloon | ||
19 | Martin Door Industrial | 9,699,721 | N | 7/23/2020 | 9/6/2020 | 9/6/2020 | 8/6/2030 | 4.92000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.89787% | Actual/360 | 62,928.86 | Amortizing Balloon | ||
20 | TownePlace Suites - Macon | 8,440,492 | N | 2/11/2020 | 3/6/2020 | 3/6/2020 | 2/6/2030 | 4.33500% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.31287% | Actual/360 | 52,177.52 | Amortizing Balloon | ||
21 | 570 Taxter Road | 7,836,134 | N | 2/21/2020 | 4/6/2020 | 3/6/2021 | 4/6/2021 | 3/6/2030 | 3.90000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.87787% | Actual/360 | 45,280.15 | Interest-only, Amortizing Balloon | |
22 | South Carolina Industrial Portfolio | 6,705,917 | N | 6/25/2020 | 8/6/2020 | 8/6/2020 | 7/6/2030 | 4.65770% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.63557% | Actual/360 | 42,578.12 | Amortizing Balloon | ||
22.01 | East Frontage Road | ||||||||||||||||||
22.02 | Tucapau Road | ||||||||||||||||||
23 | Luxor Garden Apartments | 5,770,229 | N | 8/3/2020 | 9/6/2020 | 9/6/2020 | 8/6/2030 | 4.25000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.22787% | Actual/360 | 35,419.67 | Amortizing Balloon | ||
24 | Walgreens Burlington | 7,053,000 | N | 12/27/2019 | 2/6/2020 | 1/6/2030 | 1/6/2030 | 3.44200% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.41987% | Actual/360 | 20,511.33 | Interest-only, Balloon | ||
25 | Spacebox Storage - Niceville | 5,628,041 | N | 7/2/2020 | 8/6/2020 | 8/6/2020 | 7/6/2030 | 4.34000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.31787% | Actual/360 | 34,805.61 | Amortizing Balloon | ||
26 | Jefferson Apartments | 5,294,963 | N | 7/23/2020 | 9/6/2020 | 9/6/2020 | 8/6/2030 | 4.28000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.25787% | Actual/360 | 32,584.05 | Amortizing Balloon | ||
27 | Kennedy Center | 5,303,078 | N | 12/27/2019 | 2/6/2020 | 2/6/2020 | 1/6/2030 | 4.54000% | 0.00303% | 0.01330% | 0.06250% | 0.00050% | 0.00030% | 4.46037% | Actual/360 | 33,343.74 | Amortizing Balloon | ||
28 | Outback 98 West Storage | 4,806,716 | N | 6/17/2020 | 8/6/2020 | 8/6/2020 | 7/6/2030 | 3.78000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.75787% | Actual/360 | 28,353.99 | Amortizing Balloon | ||
29 | Old Meridian Professional Center | 4,432,214 | N | 7/9/2020 | 8/6/2020 | 8/6/2020 | 7/6/2030 | 3.90000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.87787% | Actual/360 | 26,413.42 | Amortizing Balloon | ||
30 | SPS Fresno Marks | 4,779,659 | N | 7/23/2020 | 9/11/2020 | 8/11/2023 | 9/11/2023 | 8/11/2030 | 3.57000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.54787% | Actual/360 | 25,297.89 | Interest-only, Amortizing Balloon | |
31 | Vineyard Pointe Apartments | 4,400,036 | N | 7/21/2020 | 9/6/2020 | 9/6/2020 | 8/6/2030 | 4.20000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.17787% | Actual/360 | 26,895.94 | Amortizing Balloon | ||
32 | Commons at Southtowne IV | 3,949,120 | N | 2/13/2020 | 4/6/2020 | 4/6/2020 | 3/6/2030 | 4.12000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.09787% | Actual/360 | 23,975.78 | Amortizing Balloon | ||
33 | Tower Storage - Fayetteville | 4,042,319 | N | 7/15/2020 | 9/6/2020 | 8/6/2025 | 9/6/2025 | 8/6/2030 | 4.75000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.72787% | Actual/360 | 22,952.48 | Interest-only, Amortizing Balloon | |
34 | 613 Oakfield Drive | 2,672,478 | N | 7/30/2020 | 9/6/2020 | 8/6/2023 | 9/6/2023 | 8/6/2030 | 4.54000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.51787% | Actual/360 | 15,526.48 | Interest-only, Amortizing Balloon | |
35 | Corner Plaza | 2,640,000 | N | 3/11/2020 | 4/11/2020 | 3/11/2030 | 3/11/2030 | 3.68000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 3.65787% | Actual/360 | 8,208.44 | Interest-only, Balloon | ||
36 | Dollar General- Isanti | 966,367 | Y | 8/6/2020 | 9/6/2020 | 8/6/2030 | 8/6/2030 | 1/6/2035 | 4.78000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.75787% | Actual/360 | 3,902.83 | Interest-only, ARD | |
37 | Dollar General- Sioux City | 887,610 | Y | 8/6/2020 | 9/6/2020 | 8/6/2030 | 8/6/2030 | 10/6/2034 | 4.91000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.88787% | Actual/360 | 3,682.25 | Interest-only, ARD | |
38 | Dollar General- Newburgh | 883,523 | Y | 8/6/2020 | 9/6/2020 | 8/6/2030 | 8/6/2030 | 1/6/2035 | 4.70000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.67787% | Actual/360 | 3,508.53 | Interest-only, ARD | |
39 | Dollar General- Waterloo | 832,500 | Y | 8/6/2020 | 9/6/2020 | 8/6/2030 | 8/6/2030 | 10/6/2034 | 4.82000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.79787% | Actual/360 | 3,390.32 | Interest-only, ARD | |
40 | Dollar General- Little Falls | 827,201 | Y | 8/6/2020 | 9/6/2020 | 8/6/2030 | 8/6/2030 | 1/6/2035 | 4.75000% | 0.00303% | 0.01330% | 0.00500% | 0.00050% | 0.00030% | 4.72787% | Actual/360 | 3,319.81 | Interest-only, ARD | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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 | Grace Period Default (Days) | Grace Period Late (Days) | Appraised Value ($)(5) | Appraisal Date | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Units | Coop - Sponsor Carry |
1 | PGH17 Self Storage Portfolio | Actual/360 | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 135,550,000 | Various | |||||||
1.01 | Prime Storage - Malta/Saratoga Springs | 11,890,000 | 6/22/2020 | ||||||||||||||||||
1.02 | Capital Self Storage - Mechanicsburg | 12,000,000 | 6/24/2020 | ||||||||||||||||||
1.03 | Capital Self Storage - Middletown | 10,210,000 | 6/24/2020 | ||||||||||||||||||
1.04 | Capital Self Storage - East York | 10,000,000 | 6/24/2020 | ||||||||||||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | 9,300,000 | 6/24/2020 | ||||||||||||||||||
1.06 | Eliot Rent A Space & Self Storage | 7,960,000 | 6/22/2020 | ||||||||||||||||||
1.07 | Capital Self Storage - Enola | 8,730,000 | 6/24/2020 | ||||||||||||||||||
1.08 | Capital Self Storage - Harrisburg Derry | 8,130,000 | 6/24/2020 | ||||||||||||||||||
1.09 | Capital Self Storage - West York | 7,700,000 | 6/24/2020 | ||||||||||||||||||
1.1 | Capital Self Storage - Dover | 7,080,000 | 6/24/2020 | ||||||||||||||||||
1.11 | A Space Place Self Storage | 7,570,000 | 6/24/2020 | ||||||||||||||||||
1.12 | Capital Self Storage - Hanover | 6,320,000 | 6/24/2020 | ||||||||||||||||||
1.13 | Prime Storage - Glens Falls | 3,840,000 | 6/23/2020 | ||||||||||||||||||
1.14 | Affordable Storage - Wilton | 2,520,000 | 6/23/2020 | ||||||||||||||||||
1.15 | Prime Storage - Latham New Loudon Road | 2,360,000 | 6/23/2020 | ||||||||||||||||||
1.16 | Rotterdam Self Storage | 1,830,000 | 6/23/2020 | ||||||||||||||||||
1.17 | Affordable Storage - Saratoga | 1,530,000 | 6/23/2020 | ||||||||||||||||||
2 | Phoenix Industrial Portfolio IV | Actual/360 | 120 | 115 | 36 | 31 | 360 | 360 | 5 | L(29),D(85),O(6) | 0 | 0 | 57,600,000 | Various | |||||||
2.01 | Edgerton | 24,000,000 | 1/31/2020 | ||||||||||||||||||
2.02 | Delaware | 10,300,000 | 10/17/2019 | ||||||||||||||||||
2.03 | Pawcatuck | 9,300,000 | 10/20/2019 | ||||||||||||||||||
2.04 | Herrin | 9,200,000 | 10/18/2019 | ||||||||||||||||||
2.05 | Menasha | 4,800,000 | 10/11/2019 | ||||||||||||||||||
3 | Hilton Garden Inn - Goleta | Actual/360 | 120 | 115 | 36 | 31 | 360 | 360 | 5 | L(29),D(87),O(4) | 0 | 0 | 58,400,000 | 12/19/2019 | |||||||
4 | DoubleTree New York Times Square West Leased Fee | Actual/360 | 120 | 112 | 120 | 112 | 0 | 0 | 8 | L(6),GRTR 1% or YM(107),O(7) | 0 | 0 | 132,600,000 | 10/1/2019 | |||||||
5 | Technology Place | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(89),O(7) | 0 | 0 | 39,500,000 | 6/22/2020 | ||||||||
6 | Residence Inn - Fort Worth Cultural District | Actual/360 | 120 | 115 | 36 | 31 | 360 | 360 | 5 | L(29),D(87),O(4) | 0 | 0 | 38,000,000 | 1/13/2020 | |||||||
7 | Landmark Corporate Center | Actual/360 | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),GRTR 2% or YM(92),O(4) | 0 | 0 | 39,200,000 | 7/6/2020 | |||||||
8 | Upland Park Townhomes | Actual/360 | 120 | 115 | 36 | 31 | 360 | 360 | 5 | L(29),D(87),O(4) | 0 | 0 | 36,950,000 | 12/17/2019 | |||||||
9 | Life Time Fitness - Gainesville, VA | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 5 | L(29),D(87),O(4) | 0 | 0 | 37,100,000 | 1/9/2020 | |||||||
10 | Town Square Apartments | Actual/360 | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),D(93),O(3) | 0 | 0 | 35,500,000 | 7/7/2020 | |||||||
11 | Konica Minolta Phase II | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 5 | L(29),D(86),O(5) | 0 | 0 | 28,200,000 | 12/5/2019 | |||||||
12 | 501 3rd Street | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 5 | L(29),D(87),O(4) | 0 | 0 | 25,900,000 | 2/2/2020 | |||||||
13 | TownePlace Suites Tacoma Lakewood | Actual/360 | 120 | 114 | 2 | 0 | 360 | 356 | 6 | L(30),D(86),O(4) | 0 | 0 | 27,500,000 | 11/14/2019 | |||||||
14 | Southlake Cove Apartments | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 24,790,000 | 7/2/2020 | ||||||||
15 | 122nd Street Portfolio | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 | 4 | L(28),D(88),O(4) | 0 | 0 | 36,100,000 | 1/28/2020 | |||||||
15.01 | 260-262 West 122nd Street | 5,250,000 | 1/28/2020 | ||||||||||||||||||
15.02 | 240 West 122nd Street | 4,300,000 | 1/28/2020 | ||||||||||||||||||
15.03 | 238 West 122nd Street | 4,150,000 | 1/28/2020 | ||||||||||||||||||
15.04 | 242 West 122nd Street | 3,900,000 | 1/28/2020 | ||||||||||||||||||
15.05 | 236 West 122nd Street | 4,150,000 | 1/28/2020 | ||||||||||||||||||
15.06 | 244 West 122nd Street | 3,100,000 | 1/28/2020 | ||||||||||||||||||
15.07 | 2268 Frederick Douglass Boulevard | 2,900,000 | 1/28/2020 | ||||||||||||||||||
15.08 | 234 West 122nd Street | 3,050,000 | 1/28/2020 | ||||||||||||||||||
15.09 | 222 Saint Nicholas Avenue | 2,250,000 | 1/28/2020 | ||||||||||||||||||
15.1 | 2500 Frederick Douglass Boulevard | 1,600,000 | 1/28/2020 | ||||||||||||||||||
15.11 | 262 West 115th Street | 1,450,000 | 1/28/2020 | ||||||||||||||||||
16 | The Grid | 120 | 116 | 0 | 0 | 360 | 356 | 4 | L(28),D(88),O(4) | 0 | 0 | 99,800,000 | 3/1/2020 | ||||||||
17 | Bass Pro - Birmingham | 120 | 114 | 0 | 0 | 360 | 354 | 6 | L(12),GRTR 1% or YM(104),O(4) | 0 | 0 | 20,000,000 | 10/21/2019 | ||||||||
18 | Chesapeake | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(90),O(6) | 0 | 0 | 16,700,000 | 3/28/2020 | ||||||||
19 | Martin Door Industrial | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 19,000,000 | 7/20/2020 | ||||||||
20 | TownePlace Suites - Macon | 120 | 114 | 0 | 0 | 360 | 354 | 6 | L(30),D(86),O(4) | 0 | 0 | 15,000,000 | 1/1/2020 | ||||||||
21 | 570 Taxter Road | Actual/360 | 120 | 115 | 12 | 7 | 360 | 360 | 5 | L(24),GRTR 1% or YM(89),O(7) | 0 | 0 | 12,400,000 | 2/11/2020 | |||||||
22 | South Carolina Industrial Portfolio | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | 0 | 13,800,000 | 6/1/2020 | ||||||||
22.01 | East Frontage Road | 7,400,000 | 6/1/2020 | ||||||||||||||||||
22.02 | Tucapau Road | 6,400,000 | 6/1/2020 | ||||||||||||||||||
23 | Luxor Garden Apartments | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 10,750,000 | 7/21/2020 | ||||||||
24 | Walgreens Burlington | Actual/360 | 120 | 113 | 120 | 113 | 0 | 0 | 7 | L(31),D(86),O(3) | 0 | 0 | 10,850,000 | 10/21/2019 | |||||||
25 | Spacebox Storage - Niceville | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | 0 | 11,950,000 | 6/26/2020 | ||||||||
26 | Jefferson Apartments | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(23),GRTR 1% or YM(93),O(4) | 0 | 0 | 9,000,000 | 7/21/2020 | ||||||||
27 | Kennedy Center | 120 | 113 | 0 | 0 | 360 | 353 | 7 | L(31),D(85),O(4) | 0 | 0 | 10,200,000 | 12/11/2019 | ||||||||
28 | Outback 98 West Storage | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | 0 | 11,430,000 | 6/9/2020 | ||||||||
29 | Old Meridian Professional Center | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),GRTR 1% or YM(91),O(4) | 0 | 0 | 7,950,000 | 3/24/2020 | ||||||||
30 | SPS Fresno Marks | Actual/360 | 120 | 120 | 36 | 36 | 360 | 360 | 0 | L(24),D or GRTR 1% or YM(89),O(7) | 0 | 0 | 9,220,000 | 7/8/2020 | |||||||
31 | Vineyard Pointe Apartments | 120 | 120 | 0 | 0 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 8,180,000 | 7/2/2020 | ||||||||
32 | Commons at Southtowne IV | 120 | 115 | 0 | 0 | 360 | 355 | 5 | L(29),D(87),O(4) | 0 | 0 | 9,640,000 | 2/6/2020 | ||||||||
33 | Tower Storage - Fayetteville | Actual/360 | 120 | 120 | 60 | 60 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 7,300,000 | 5/20/2020 | |||||||
34 | 613 Oakfield Drive | Actual/360 | 120 | 120 | 36 | 36 | 360 | 360 | 0 | L(24),D(92),O(4) | 0 | 0 | 4,700,000 | 6/19/2020 | |||||||
35 | Corner Plaza | Actual/360 | 120 | 115 | 120 | 115 | 0 | 0 | 5 | L(29),D(84),O(7) | 0 | 0 | 4,800,000 | 1/23/2020 | |||||||
36 | Dollar General- Isanti | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24),YM or D(89),O(7) | 0 | 0 | 1,470,000 | 2/1/2020 | |||||||
37 | Dollar General- Sioux City | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24),YM or D(89),O(7) | 0 | 0 | 1,350,000 | 10/25/2019 | |||||||
38 | Dollar General- Newburgh | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24),YM or D(89),O(7) | 0 | 0 | 1,350,000 | 1/26/2020 | |||||||
39 | Dollar General- Waterloo | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24),YM or D(89),O(7) | 0 | 0 | 1,270,000 | 10/28/2019 | |||||||
40 | Dollar General- Little Falls | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | YM(24),YM or D(89),O(7) | 0 | 0 | 1,260,000 | 1/30/2020 | |||||||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Coop - Committed Secondary Debt | U/W NOI DSCR (x) | U/W NCF DSCR (x) | Cut-off Date LTV Ratio(5) | LTV Ratio at Maturity or ARD(5) | Cut-off Date U/W NOI Debt Yield | Cut-off Date U/W NCF Debt Yield | U/W Revenues ($)(2)(6) | U/W Expenses ($) | U/W Net Operating Income ($)(6) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($)(6) | Occupancy Rate(2)(7) | Occupancy as-of Date | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period (6) |
1 | PGH17 Self Storage Portfolio | 1.29 | 1.27 | 68.6% | 63.1% | 8.1% | 8.0% | 10,877,012 | 3,348,439 | 7,528,573 | 98,429 | 0 | 7,430,144 | 85.3% | 6/30/2020 | TTM 6/30/2020 | |||
1.01 | Prime Storage - Malta/Saratoga Springs | 1,060,575 | 314,502 | 746,073 | 1,548 | 0 | 744,526 | 83.3% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.02 | Capital Self Storage - Mechanicsburg | 984,865 | 240,382 | 744,482 | 11,109 | 0 | 733,373 | 85.0% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.03 | Capital Self Storage - Middletown | 928,608 | 230,907 | 697,701 | 9,649 | 0 | 688,052 | 87.2% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.04 | Capital Self Storage - East York | 869,475 | 249,628 | 619,847 | 9,621 | 0 | 610,226 | 89.4% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | 832,254 | 237,207 | 595,047 | 7,732 | 0 | 587,315 | 87.2% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.06 | Eliot Rent A Space & Self Storage | 736,110 | 191,106 | 545,004 | 4,932 | 0 | 540,072 | 81.6% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.07 | Capital Self Storage - Enola | 725,322 | 177,674 | 547,648 | 7,840 | 0 | 539,808 | 86.1% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.08 | Capital Self Storage - Harrisburg Derry | 709,707 | 196,816 | 512,891 | 8,284 | 0 | 504,607 | 88.5% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.09 | Capital Self Storage - West York | 752,207 | 267,840 | 484,368 | 9,328 | 0 | 475,040 | 83.1% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.1 | Capital Self Storage - Dover | 704,815 | 229,144 | 475,670 | 10,091 | 0 | 465,579 | 82.3% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.11 | A Space Place Self Storage | 672,292 | 251,439 | 420,853 | 4,460 | 0 | 416,393 | 79.8% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.12 | Capital Self Storage - Hanover | 615,333 | 211,390 | 403,944 | 6,633 | 0 | 397,311 | 87.0% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.13 | Prime Storage - Glens Falls | 402,703 | 157,329 | 245,373 | 1,904 | 0 | 243,469 | 86.0% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.14 | Affordable Storage - Wilton | 263,295 | 113,712 | 149,583 | 1,136 | 0 | 148,447 | 87.0% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.15 | Prime Storage - Latham New Loudon Road | 228,369 | 88,280 | 140,089 | 900 | 0 | 139,189 | 76.4% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.16 | Rotterdam Self Storage | 224,003 | 121,128 | 102,875 | 1,298 | 0 | 101,577 | 92.0% | 6/30/2020 | TTM 6/30/2020 | |||||||||
1.17 | Affordable Storage - Saratoga | 167,078 | 69,955 | 97,123 | 1,965 | 0 | 95,158 | 92.4% | 6/30/2020 | TTM 6/30/2020 | |||||||||
2 | Phoenix Industrial Portfolio IV | 1.83 | 1.66 | 72.9% | 61.9% | 11.3% | 10.2% | 6,750,090 | 2,021,955 | 4,728,135 | 201,178 | 243,508 | 4,283,449 | 81.8% | Various | TTM 6/30/2020 | |||
2.01 | Edgerton | 2,139,768 | 680,026 | 1,459,742 | 42,275 | 66,541 | 1,350,926 | 62.4% | 6/1/2020 | TTM 6/30/2020 | |||||||||
2.02 | Delaware | 1,030,745 | 235,271 | 795,474 | 67,606 | 25,689 | 702,179 | 100.0% | 8/1/2020 | TTM 6/30/2020 | |||||||||
2.03 | Pawcatuck | 1,425,311 | 615,445 | 809,866 | 6,514 | 35,905 | 767,447 | 93.9% | 6/1/2020 | TTM 6/30/2020 | |||||||||
2.04 | Herrin | 1,576,986 | 306,050 | 1,270,936 | 71,132 | 83,697 | 1,116,107 | 89.7% | 6/1/2020 | TTM 6/30/2020 | |||||||||
2.05 | Menasha | 577,280 | 185,163 | 392,117 | 13,650 | 31,676 | 346,790 | 100.0% | 8/1/2020 | TTM 6/30/2020 | |||||||||
3 | Hilton Garden Inn - Goleta | 2.28 | 2.04 | 59.9% | 51.3% | 12.4% | 11.1% | 11,062,502 | 6,733,781 | 4,328,720 | 442,500 | 0 | 3,886,220 | 67.5% | 6/30/2020 | 205 | 182 | TTM 6/30/2020 | |
4 | DoubleTree New York Times Square West Leased Fee | 2.53 | 2.53 | 43.7% | 43.7% | 9.4% | 9.4% | 5,454,725 | 0 | 5,454,725 | 0 | 0 | 5,454,725 | 69.7% | 6/30/2020 | 177 | 123 | TTM 6/30/2020 | |
5 | Technology Place | 1.50 | 1.40 | 74.1% | 58.8% | 8.6% | 8.0% | 3,381,124 | 871,870 | 2,509,254 | 29,043 | 138,414 | 2,341,798 | 100.0% | 7/9/2020 | TTM 5/31/2020 | |||
6 | Residence Inn - Fort Worth Cultural District | 2.40 | 2.21 | 73.0% | 62.6% | 13.2% | 12.1% | 7,331,011 | 3,677,962 | 3,653,049 | 293,240 | 0 | 3,359,808 | 67.4% | 6/30/2020 | 157 | 129 | TTM 6/30/2020 | |
7 | Landmark Corporate Center | 1.96 | 1.80 | 65.0% | 59.2% | 11.6% | 10.6% | 4,675,315 | 1,726,304 | 2,949,010 | 35,888 | 200,467 | 2,712,655 | 100.0% | 6/30/2020 | TTM 6/30/2020 | |||
8 | Upland Park Townhomes | 1.42 | 1.37 | 65.0% | 56.5% | 8.3% | 8.0% | 3,673,073 | 1,673,005 | 2,000,068 | 71,250 | 0 | 1,928,818 | 88.1% | 7/21/2020 | TTM 6/30/2020 | |||
9 | Life Time Fitness - Gainesville, VA | 2.42 | 2.28 | 62.0% | 62.0% | 9.6% | 9.0% | 2,266,701 | 68,001 | 2,198,700 | 12,516 | 113,335 | 2,072,849 | 100.0% | 8/1/2020 | NAV | |||
10 | Town Square Apartments | 1.67 | 1.60 | 63.4% | 57.4% | 9.4% | 9.0% | 3,216,369 | 1,104,344 | 2,112,025 | 86,365 | 0 | 2,025,660 | 98.6% | 7/1/2020 | TTM 6/30/2020 | |||
11 | Konica Minolta Phase II | 2.34 | 2.31 | 67.0% | 67.0% | 9.0% | 8.9% | 1,746,737 | 43,668 | 1,703,069 | 17,575 | 0 | 1,685,494 | 100.0% | 8/1/2020 | NAV | |||
12 | 501 3rd Street | 2.79 | 2.72 | 69.0% | 69.0% | 9.5% | 9.2% | 2,069,197 | 376,786 | 1,692,411 | 6,000 | 36,000 | 1,650,411 | 100.0% | 4/1/2020 | NAV | |||
13 | TownePlace Suites Tacoma Lakewood | 1.94 | 1.76 | 61.5% | 49.3% | 11.1% | 10.1% | 4,491,775 | 2,609,922 | 1,881,853 | 179,671 | 0 | 1,702,182 | 76.2% | 5/31/2020 | 134 | 101 | TTM 6/30/2020 | |
14 | Southlake Cove Apartments | 1.67 | 1.58 | 66.6% | 53.2% | 9.8% | 9.3% | 3,074,477 | 1,455,893 | 1,618,584 | 86,500 | 0 | 1,532,084 | 98.0% | 7/1/2020 | TTM 6/30/2020 | |||
15 | 122nd Street Portfolio | 1.92 | 1.88 | 63.7% | 63.7% | 7.6% | 7.4% | 2,860,954 | 1,115,365 | 1,745,589 | 34,110 | 2,400 | 1,709,079 | 97.7% | 4/23/2020 | TTM 3/31/2020 | |||
15.01 | 260-262 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 94.4% | 4/23/2020 | NAV | |||||||||
15.02 | 240 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.03 | 238 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.04 | 242 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 90.0% | 4/23/2020 | NAV | |||||||||
15.05 | 236 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 92.9% | 4/23/2020 | NAV | |||||||||
15.06 | 244 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.07 | 2268 Frederick Douglass Boulevard | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.08 | 234 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.09 | 222 Saint Nicholas Avenue | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.1 | 2500 Frederick Douglass Boulevard | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
15.11 | 262 West 115th Street | NAV | NAV | NAV | NAV | NAV | NAV | 100.0% | 4/23/2020 | NAV | |||||||||
16 | The Grid | 1.45 | 1.41 | 67.2% | 53.3% | 8.2% | 7.9% | 8,830,546 | 3,347,813 | 5,482,733 | 116,500 | 58,572 | 5,307,661 | 98.5% | 3/23/2020 | TTM 3/31/2020 | |||
17 | Bass Pro - Birmingham | 1.54 | 1.47 | 64.5% | 52.8% | 9.6% | 9.2% | 1,291,365 | 52,670 | 1,238,695 | 14,897 | 42,755 | 1,181,043 | 100.0% | 8/1/2020 | NAV | |||
18 | Chesapeake | 1.72 | 1.64 | 71.9% | 57.2% | 9.9% | 9.5% | 1,464,518 | 275,587 | 1,188,931 | 53,520 | 0 | 1,135,411 | 100.0% | 6/30/2020 | TTM 6/30/2020 | |||
19 | Martin Door Industrial | 1.47 | 1.43 | 62.3% | 51.1% | 9.4% | 9.1% | 1,266,175 | 154,255 | 1,111,920 | 0 | 34,220 | 1,077,700 | 100.0% | 8/1/2020 | Actual 2019 | |||
20 | TownePlace Suites - Macon | 2.52 | 2.29 | 69.4% | 56.3% | 15.1% | 13.8% | 2,889,918 | 1,312,588 | 1,577,330 | 144,294 | 0 | 1,433,036 | 83.3% | 6/30/2020 | 121 | 101 | TTM 6/30/2020 | |
21 | 570 Taxter Road | 1.82 | 1.63 | 67.1% | 52.9% | 11.9% | 10.6% | 1,790,251 | 803,314 | 986,937 | 11,545 | 90,528 | 884,865 | 86.9% | 7/15/2020 | TTM 6/30/2020 | |||
22 | South Carolina Industrial Portfolio | 1.48 | 1.42 | 50.7% | 39.5% | 10.8% | 10.4% | 1,271,359 | 517,048 | 754,311 | 19,137 | 8,864 | 726,310 | 84.3% | Various | NAV | |||
22.01 | East Frontage Road | 891,025 | 351,025 | 540,000 | 8,640 | 4,000 | 527,360 | 100.0% | 8/1/2020 | NAV | |||||||||
22.02 | Tucapau Road | 380,334 | 166,023 | 214,311 | 10,497 | 4,864 | 198,950 | 65.0% | 6/23/2020 | NAV | |||||||||
23 | Luxor Garden Apartments | 1.68 | 1.52 | 67.0% | 53.7% | 9.9% | 9.0% | 1,498,213 | 784,627 | 713,586 | 66,660 | 0 | 646,926 | 97.3% | 7/21/2020 | TTM 6/30/2020 | |||
24 | Walgreens Burlington | 2.57 | 2.55 | 65.0% | 65.0% | 9.0% | 8.9% | 650,870 | 19,526 | 631,344 | 3,951 | 0 | 627,393 | 100.0% | 8/1/2020 | NAV | |||
25 | Spacebox Storage - Niceville | 1.66 | 1.64 | 58.5% | 47.1% | 9.9% | 9.8% | 1,040,716 | 348,900 | 691,816 | 8,677 | 0 | 683,139 | 91.8% | 7/22/2020 | TTM 6/30/2020 | |||
26 | Jefferson Apartments | 1.41 | 1.37 | 73.3% | 58.8% | 8.3% | 8.1% | 806,810 | 255,966 | 550,843 | 15,000 | 0 | 535,843 | 100.0% | 7/1/2020 | TTM 6/30/2020 | |||
27 | Kennedy Center | 1.45 | 1.40 | 63.6% | 52.0% | 9.0% | 8.6% | 829,138 | 247,787 | 581,351 | 2,895 | 19,300 | 559,156 | 83.8% | 7/1/2020 | TTM 5/31/2020 | |||
28 | Outback 98 West Storage | 2.47 | 2.38 | 53.3% | 42.1% | 13.8% | 13.3% | 1,277,370 | 435,599 | 841,771 | 18,472 | 13,614 | 809,686 | 91.9% | 7/22/2020 | TTM 6/30/2020 | |||
29 | Old Meridian Professional Center | 2.05 | 2.02 | 70.3% | 55.8% | 11.6% | 11.5% | 908,878 | 259,198 | 649,680 | 0 | 8,173 | 641,507 | 100.0% | 7/9/2020 | TTM 6/30/2021 | |||
30 | SPS Fresno Marks | 1.62 | 1.57 | 60.6% | 51.8% | 8.8% | 8.5% | 831,684 | 340,765 | 490,919 | 13,873 | 0 | 477,046 | 97.5% | 6/24/2020 | Annualized 4 6/30/2020 | |||
31 | Vineyard Pointe Apartments | 1.66 | 1.56 | 67.2% | 53.8% | 9.8% | 9.2% | 1,019,985 | 483,698 | 536,287 | 32,400 | 0 | 503,887 | 95.4% | 7/1/2020 | TTM 6/30/2020 | |||
32 | Commons at Southtowne IV | 2.49 | 2.28 | 51.0% | 41.0% | 14.6% | 13.4% | 1,433,488 | 716,302 | 717,186 | 9,102 | 51,575 | 656,509 | 100.0% | 7/1/2020 | TTM 6/30/2020 | |||
33 | Tower Storage - Fayetteville | 1.58 | 1.53 | 60.3% | 55.4% | 9.9% | 9.6% | 588,884 | 154,415 | 434,468 | 13,043 | 0 | 421,425 | 91.0% | 7/1/2020 | TTM 6/30/2020 | |||
34 | 613 Oakfield Drive | 1.59 | 1.51 | 64.9% | 56.9% | 9.7% | 9.2% | 399,271 | 103,166 | 296,106 | 2,025 | 13,500 | 280,581 | 100.0% | 7/21/2020 | NAV | |||
35 | Corner Plaza | 3.74 | 3.60 | 55.0% | 55.0% | 13.9% | 13.4% | 537,897 | 169,690 | 368,206 | 4,160 | 9,016 | 355,031 | 100.0% | 6/22/2020 | TTM 1/31/2020 | |||
36 | Dollar General- Isanti | 1.98 | 1.95 | 65.7% | 65.7% | 9.6% | 9.5% | 95,698 | 2,871 | 92,827 | 1,350 | 0 | 91,476 | 100.0% | 8/1/2020 | NAV | |||
37 | Dollar General- Sioux City | 1.93 | 1.90 | 65.7% | 65.7% | 9.6% | 9.5% | 87,985 | 2,640 | 85,345 | 1,365 | 0 | 83,980 | 100.0% | 8/1/2020 | NAV | |||
38 | Dollar General- Newburgh | 2.02 | 1.98 | 65.4% | 65.4% | 9.6% | 9.5% | 87,511 | 2,625 | 84,886 | 1,365 | 0 | 83,521 | 100.0% | 8/1/2020 | NAV | |||
39 | Dollar General- Waterloo | 1.97 | 1.93 | 65.6% | 65.6% | 9.6% | 9.5% | 82,522 | 2,476 | 80,047 | 1,365 | 0 | 78,682 | 100.0% | 8/1/2020 | NAV | |||
40 | Dollar General- Little Falls | 1.99 | 1.96 | 65.7% | 65.7% | 9.6% | 9.5% | 81,771 | 2,453 | 79,318 | 1,123 | 0 | 78,194 | 100.0% | 8/1/2020 | NAV | |||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Most Recent Revenues ($) | Most Recent Expenses ($) | Most Recent NOI ($) | Most Recent Hotel ADR | Most Recent Hotel RevPAR | Second Most Recent Period (6) | Second Most Recent Revenues ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period (6) | Third Most Recent Revenues ($) | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR |
1 | PGH17 Self Storage Portfolio | 10,546,055 | 3,318,067 | 7,227,989 | Actual 2019 | 10,491,203 | 3,323,465 | 7,167,737 | Actual 2018 | 9,850,292 | 3,311,501 | 6,538,790 | ||||||
1.01 | Prime Storage - Malta/Saratoga Springs | 984,530 | 312,644 | 671,886 | Actual 2019 | 994,126 | 309,891 | 684,235 | Actual 2018 | 961,415 | 318,798 | 642,617 | ||||||
1.02 | Capital Self Storage - Mechanicsburg | 950,749 | 238,659 | 712,090 | Actual 2019 | 926,484 | 232,332 | 694,152 | Actual 2018 | 885,573 | 217,669 | 667,905 | ||||||
1.03 | Capital Self Storage - Middletown | 874,135 | 228,039 | 646,095 | Actual 2019 | 844,516 | 227,823 | 616,693 | Actual 2018 | 755,335 | 223,817 | 531,518 | ||||||
1.04 | Capital Self Storage - East York | 820,106 | 246,809 | 573,297 | Actual 2019 | 816,124 | 257,241 | 558,883 | Actual 2018 | 744,437 | 260,135 | 484,302 | ||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | 822,585 | 235,541 | 587,044 | Actual 2019 | 802,083 | 242,380 | 559,703 | Actual 2018 | 734,891 | 233,602 | 501,289 | ||||||
1.06 | Eliot Rent A Space & Self Storage | 724,303 | 190,995 | 533,308 | Actual 2019 | 730,621 | 182,785 | 547,836 | Actual 2018 | 753,179 | 180,380 | 572,799 | ||||||
1.07 | Capital Self Storage - Enola | 706,573 | 176,455 | 530,118 | Actual 2019 | 691,350 | 186,051 | 505,299 | Actual 2018 | 638,320 | 178,673 | 459,646 | ||||||
1.08 | Capital Self Storage - Harrisburg Derry | 682,846 | 195,191 | 487,655 | Actual 2019 | 677,550 | 194,378 | 483,173 | Actual 2018 | 622,893 | 182,551 | 440,342 | ||||||
1.09 | Capital Self Storage - West York | 739,078 | 264,004 | 475,073 | Actual 2019 | 762,622 | 285,845 | 476,777 | Actual 2018 | 650,362 | 265,721 | 384,641 | ||||||
1.1 | Capital Self Storage - Dover | 668,569 | 217,918 | 450,651 | Actual 2019 | 659,351 | 212,230 | 447,121 | Actual 2018 | 571,764 | 214,412 | 357,352 | ||||||
1.11 | A Space Place Self Storage | 704,491 | 250,480 | 454,012 | Actual 2019 | 731,187 | 249,704 | 481,483 | Actual 2018 | 713,219 | 248,926 | 464,294 | ||||||
1.12 | Capital Self Storage - Hanover | 593,430 | 213,761 | 379,668 | Actual 2019 | 574,858 | 210,876 | 363,982 | Actual 2018 | 570,231 | 201,041 | 369,190 | ||||||
1.13 | Prime Storage - Glens Falls | 406,218 | 157,172 | 249,046 | Actual 2019 | 404,944 | 163,293 | 241,651 | Actual 2018 | 395,123 | 169,606 | 225,516 | ||||||
1.14 | Affordable Storage - Wilton | 263,299 | 115,685 | 147,613 | Actual 2019 | 271,968 | 107,776 | 164,192 | Actual 2018 | 267,385 | 122,987 | 144,398 | ||||||
1.15 | Prime Storage - Latham New Loudon Road | 231,023 | 97,219 | 133,804 | Actual 2019 | 236,924 | 95,015 | 141,909 | Actual 2018 | 243,985 | 121,875 | 122,110 | ||||||
1.16 | Rotterdam Self Storage | 217,086 | 107,143 | 109,943 | Actual 2019 | 210,818 | 100,883 | 109,935 | Actual 2018 | 189,527 | 103,169 | 86,357 | ||||||
1.17 | Affordable Storage - Saratoga | 157,035 | 70,351 | 86,683 | Actual 2019 | 155,676 | 64,963 | 90,713 | Actual 2018 | 152,652 | 68,140 | 84,512 | ||||||
2 | Phoenix Industrial Portfolio IV | 6,332,274 | 2,024,733 | 4,307,541 | Actual 2019 | 5,666,929 | 2,174,958 | 3,491,971 | Various | Various | Various | Various | ||||||
2.01 | Edgerton | 2,126,456 | 612,987 | 1,513,469 | Actual 2019 | 2,071,616 | 690,674 | 1,380,942 | Actual 2018 | 2,517,730 | 781,243 | 1,736,486 | ||||||
2.02 | Delaware | 1,025,354 | 199,091 | 826,264 | Actual 2019 | 1,071,302 | 246,179 | 825,124 | NAV | NAV | NAV | NAV | ||||||
2.03 | Pawcatuck | 1,485,667 | 687,703 | 797,964 | Actual 2019 | 1,331,054 | 760,125 | 570,929 | NAV | NAV | NAV | NAV | ||||||
2.04 | Herrin | 1,142,938 | 324,429 | 818,509 | Actual 2019 | 583,237 | 293,559 | 289,678 | Actual 2018 | 191,282 | 265,561 | -74,279 | ||||||
2.05 | Menasha | 551,858 | 200,524 | 351,334 | Actual 2019 | 609,719 | 184,421 | 425,299 | Actual 2018 | 527,656 | 141,565 | 386,091 | ||||||
3 | Hilton Garden Inn - Goleta | 8,169,766 | 5,360,543 | 2,809,223 | 200 | 135 | Actual 2019 | 10,968,077 | 6,687,107 | 4,280,970 | 201 | 180 | Actual 2018 | 10,047,180 | 6,377,953 | 3,669,227 | 200 | 163 |
4 | DoubleTree New York Times Square West Leased Fee | 21,633,630 | 14,045,447 | 15,183,655 | 177 | 123 | Actual 2019 | 31,456,044 | 16,224,568 | 15,231,476 | 195 | 179 | Actual 2018 | 32,992,877 | 15,157,969 | 17,834,908 | 196 | 187 |
5 | Technology Place | 3,424,585 | 756,340 | 2,668,245 | Actual 2019 | 3,241,030 | 725,594 | 2,515,436 | Actual 2018 | 2,748,515 | 698,743 | 2,049,772 | ||||||
6 | Residence Inn - Fort Worth Cultural District | 5,707,106 | 3,089,531 | 2,617,575 | 148 | 100 | Actual 2019 | 7,331,011 | 3,701,355 | 3,629,655 | 157 | 129 | Actual 2018 | 7,407,952 | 3,460,388 | 3,947,564 | 159 | 131 |
7 | Landmark Corporate Center | 4,314,564 | 1,751,226 | 2,563,338 | Actual 2019 | 3,925,063 | 1,727,758 | 2,197,305 | Actual 2018 | 2,055,537 | 1,543,869 | 511,668 | ||||||
8 | Upland Park Townhomes | 3,760,711 | 1,752,130 | 2,008,582 | Actual 2019 | 3,846,248 | 1,683,178 | 2,163,070 | Actual 2018 | 3,596,195 | 1,622,886 | 1,973,310 | ||||||
9 | Life Time Fitness - Gainesville, VA | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
10 | Town Square Apartments | 3,149,668 | 1,098,777 | 2,050,891 | Actual 2019 | 3,063,951 | 1,132,687 | 1,931,264 | Actual 2018 | 2,899,085 | 1,074,314 | 1,824,771 | ||||||
11 | Konica Minolta Phase II | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
12 | 501 3rd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
13 | TownePlace Suites Tacoma Lakewood | 4,504,081 | 2,611,827 | 1,892,254 | 134 | 101 | Actual 2019 | 5,112,157 | 2,923,257 | 2,188,900 | 135 | 116 | Actual 2018 | 4,459,486 | 2,599,049 | 1,860,437 | 124 | 101 |
14 | Southlake Cove Apartments | 2,941,067 | 1,304,610 | 1,636,457 | Actual 2019 | 2,825,555 | 1,239,242 | 1,586,313 | Actual 2018 | 2,520,184 | 1,271,911 | 1,248,273 | ||||||
15 | 122nd Street Portfolio | 2,793,038 | 941,835 | 1,851,203 | Actual 2019 | 2,757,701 | 946,827 | 1,810,874 | Actual 2018 | 2,564,199 | 874,813 | 1,689,386 | ||||||
15.01 | 260-262 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.02 | 240 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.03 | 238 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.04 | 242 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.05 | 236 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.06 | 244 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.07 | 2268 Frederick Douglass Boulevard | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.08 | 234 West 122nd Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.09 | 222 Saint Nicholas Avenue | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.1 | 2500 Frederick Douglass Boulevard | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
15.11 | 262 West 115th Street | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
16 | The Grid | 7,554,331 | 3,160,170 | 4,394,161 | Actual 2019 | 6,600,662 | 3,271,021 | 3,329,641 | Actual 2018 | 5,563,156 | 3,595,768 | 1,967,388 | ||||||
17 | Bass Pro - Birmingham | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
18 | Chesapeake | 1,368,452 | 352,920 | 1,015,532 | Actual 2019 | 1,321,098 | 371,399 | 949,700 | NAV | NAV | NAV | NAV | ||||||
19 | Martin Door Industrial | 1,110,222 | 0 | 1,110,222 | Actual 2018 | 1,066,008 | 0 | 1,066,008 | Actual 2017 | 1,066,008 | 0 | 1,066,008 | ||||||
20 | TownePlace Suites - Macon | 2,868,876 | 1,347,573 | 1,521,303 | 121 | 101 | Actual 2019 | 2,843,557 | 1,302,943 | 1,540,614 | 120 | 101 | Actual 2018 | 2,729,102 | 1,220,624 | 1,508,478 | 115 | 98 |
21 | 570 Taxter Road | 1,314,809 | 826,879 | 487,930 | Actual 2019 | 1,060,829 | 727,473 | 333,356 | Actual 2018 | 875,669 | 757,702 | 117,968 | ||||||
22 | South Carolina Industrial Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
22.01 | East Frontage Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
22.02 | Tucapau Road | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
23 | Luxor Garden Apartments | 1,501,532 | 793,164 | 708,368 | Actual 2019 | 1,498,979 | 805,975 | 693,004 | Actual 2018 | 1,290,996 | 844,606 | 446,390 | ||||||
24 | Walgreens Burlington | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
25 | Spacebox Storage - Niceville | 1,040,716 | 349,467 | 691,249 | Actual 2019 | 1,073,337 | 336,958 | 736,379 | Actual 2018 | 849,296 | 315,302 | 533,993 | ||||||
26 | Jefferson Apartments | 821,530 | 252,450 | 569,081 | Actual 2019 | 814,007 | 253,948 | 560,059 | Actual 2018 | 805,249 | 256,294 | 548,955 | ||||||
27 | Kennedy Center | 649,861 | 124,364 | 525,497 | Actual 2019 | 658,447 | 101,618 | 556,829 | Actual 2018 | 197,217 | 86,496 | 110,721 | ||||||
28 | Outback 98 West Storage | 1,243,169 | 441,933 | 801,236 | Actual 2019 | 1,172,453 | 499,148 | 673,304 | Actual 2018 | 1,078,697 | 451,615 | 627,082 | ||||||
29 | Old Meridian Professional Center | 936,657 | 206,808 | 729,849 | Actual 2019 | 864,230 | 259,495 | 604,735 | Actual 2018 | 766,644 | 258,601 | 508,043 | ||||||
30 | SPS Fresno Marks | 812,997 | 323,756 | 489,241 | Annualized 9 9/30/2019 | 914,591 | 341,683 | 572,908 | Actual 2018 | 855,260 | 316,231 | 539,029 | ||||||
31 | Vineyard Pointe Apartments | 1,006,459 | 447,458 | 559,001 | Actual 2019 | 941,498 | 426,084 | 515,414 | Actual 2018 | 897,780 | 441,179 | 456,601 | ||||||
32 | Commons at Southtowne IV | 1,442,115 | 689,835 | 752,280 | Actual 2019 | 1,496,945 | 669,140 | 827,805 | Actual 2018 | 1,456,147 | 659,563 | 796,584 | ||||||
33 | Tower Storage - Fayetteville | 555,226 | 65,941 | 489,285 | Actual 2019 | 528,271 | 61,620 | 466,651 | Actual 2018 | 511,741 | 66,143 | 445,598 | ||||||
34 | 613 Oakfield Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
35 | Corner Plaza | 561,698 | 177,382 | 384,316 | Actual 2018 | 500,080 | 167,023 | 333,057 | Actual 2017 | 515,210 | 167,143 | 348,067 | ||||||
36 | Dollar General- Isanti | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
37 | Dollar General- Sioux City | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
38 | Dollar General- Newburgh | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
39 | Dollar General- Waterloo | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
40 | Dollar General- Little Falls | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Master Lease (Y/N) | Largest Tenant Name(7)(8) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date | 2nd Largest Tenant Name(8) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA | 2nd Largest Tenant Exp. Date | 3rd Largest Tenant Name(7)(9) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date |
1 | PGH17 Self Storage Portfolio | N | ||||||||||||
1.01 | Prime Storage - Malta/Saratoga Springs | N | ||||||||||||
1.02 | Capital Self Storage - Mechanicsburg | N | ||||||||||||
1.03 | Capital Self Storage - Middletown | N | ||||||||||||
1.04 | Capital Self Storage - East York | N | ||||||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | N | ||||||||||||
1.06 | Eliot Rent A Space & Self Storage | N | ||||||||||||
1.07 | Capital Self Storage - Enola | N | ||||||||||||
1.08 | Capital Self Storage - Harrisburg Derry | N | ||||||||||||
1.09 | Capital Self Storage - West York | N | ||||||||||||
1.1 | Capital Self Storage - Dover | N | ||||||||||||
1.11 | A Space Place Self Storage | N | ||||||||||||
1.12 | Capital Self Storage - Hanover | N | ||||||||||||
1.13 | Prime Storage - Glens Falls | N | ||||||||||||
1.14 | Affordable Storage - Wilton | N | ||||||||||||
1.15 | Prime Storage - Latham New Loudon Road | N | ||||||||||||
1.16 | Rotterdam Self Storage | N | ||||||||||||
1.17 | Affordable Storage - Saratoga | N | ||||||||||||
2 | Phoenix Industrial Portfolio IV | N | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various |
2.01 | Edgerton | N | Cupertino Electric, Inc. | 483,466 | 57.2% | 9/30/2022 | IKI Manufacturing | 34,397 | 4.1% | 1/31/2023 | J.P. Cullen & Sons, Inc. | 9,995 | 1.2% | MTM |
2.02 | Delaware | N | MWD Logistics, Inc. | 450,708 | 100.0% | 10/31/2023 | ||||||||
2.03 | Pawcatuck | N | General Dynamics | 82,278 | 37.9% | 3/31/2021 | Davis Standard, LLC | 37,573 | 17.3% | 4/3/2023 | Applied Physical Sciences | 33,622 | 15.5% | 10/31/2021 |
2.04 | Herrin | N | CRC | 175,245 | 32.0% | 10/31/2022 | FreightLink, LLC | 127,588 | 23.3% | 1/31/2023 | Walgreen Co. | 83,392 | 15.2% | 4/30/2021 |
2.05 | Menasha | N | Pitney Bowes Inc | 65,000 | 100.0% | 1/31/2023 | ||||||||
3 | Hilton Garden Inn - Goleta | N | ||||||||||||
4 | DoubleTree New York Times Square West Leased Fee | N | ||||||||||||
5 | Technology Place | N | Memjet US Services, Inc. | 25,137 | 17.3% | 10/31/2022 | Systech Corporation | 19,884 | 13.7% | 9/30/2024 | Nucleus Biologics, LLC | 16,864 | 11.6% | 10/31/2023 |
6 | Residence Inn - Fort Worth Cultural District | N | ||||||||||||
7 | Landmark Corporate Center | N | Pax8 | 74,068 | 35.1% | 4/30/2025 | Air Methods | 67,333 | 31.9% | 7/31/2028 | Waste Management | 21,640 | 10.3% | 3/31/2024 |
8 | Upland Park Townhomes | N | ||||||||||||
9 | Life Time Fitness - Gainesville, VA | N | Life Time | 125,157 | 100.0% | 2/28/2045 | ||||||||
10 | Town Square Apartments | N | ||||||||||||
11 | Konica Minolta Phase II | N | Konica Minolta Business Solutions U.S.A., Inc. | 117,169 | 100.0% | 3/31/2035 | ||||||||
12 | 501 3rd Street | N | Gallery 16 | 6,000 | 25.0% | 1/31/2021 | True Ventures | 6,000 | 25.0% | 12/18/2029 | Schox Patent Group | 6,000 | 25.0% | 12/31/2032 |
13 | TownePlace Suites Tacoma Lakewood | N | ||||||||||||
14 | Southlake Cove Apartments | N | ||||||||||||
15 | 122nd Street Portfolio | N | ||||||||||||
15.01 | 260-262 West 122nd Street | N | ||||||||||||
15.02 | 240 West 122nd Street | N | ||||||||||||
15.03 | 238 West 122nd Street | N | ||||||||||||
15.04 | 242 West 122nd Street | N | ||||||||||||
15.05 | 236 West 122nd Street | N | ||||||||||||
15.06 | 244 West 122nd Street | N | ||||||||||||
15.07 | 2268 Frederick Douglass Boulevard | N | ||||||||||||
15.08 | 234 West 122nd Street | N | ||||||||||||
15.09 | 222 Saint Nicholas Avenue | N | ||||||||||||
15.1 | 2500 Frederick Douglass Boulevard | N | ||||||||||||
15.11 | 262 West 115th Street | N | ||||||||||||
16 | The Grid | N | ||||||||||||
17 | Bass Pro - Birmingham | N | Bass Pro Shops | 148,971 | 100.0% | 5/31/2044 | ||||||||
18 | Chesapeake | N | General Dynamics | 100,829 | 30.1% | 1/31/2024 | kSaria Corporation | 79,340 | 23.7% | 5/31/2022 | Logipia USA, INC. | 65,000 | 19.4% | 1/31/2023 |
19 | Martin Door Industrial | N | MDM Utah, LLC | 228,136 | 100.0% | 6/30/2035 | ||||||||
20 | TownePlace Suites - Macon | N | ||||||||||||
21 | 570 Taxter Road | N | Westchester Library System | 14,237 | 18.5% | 6/30/2027 | Planned Parenthood Hudson Peconic, Inc | 8,471 | 11.0% | 1/31/2027 | Brooks, Berne & Herndon, PLLC | 4,575 | 5.9% | 12/15/2024 |
22 | South Carolina Industrial Portfolio | N | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various | Various |
22.01 | East Frontage Road | N | Blue Ridge Log Cabins | 144,000 | 100.0% | 1/1/2035 | ||||||||
22.02 | Tucapau Road | N | Westinghouse Air Brake Technologies Corp. | 40,800 | 35.0% | 9/30/2021 | Proseals USA, Inc. | 25,000 | 21.4% | 12/31/2023 | Myaderm, Inc. | 10,000 | 8.6% | 8/31/2023 |
23 | Luxor Garden Apartments | N | ||||||||||||
24 | Walgreens Burlington | N | Walgreens | 26,340 | 100.0% | 1/31/2036 | ||||||||
25 | Spacebox Storage - Niceville | N | ||||||||||||
26 | Jefferson Apartments | N | ||||||||||||
27 | Kennedy Center | N | Metro Diner | 3,705 | 19.2% | 6/30/2028 | La Segunda Bakery & Café | 3,082 | 16.0% | 8/19/2028 | X-Force Body | 2,769 | 14.3% | 5/14/2028 |
28 | Outback 98 West Storage | N | ||||||||||||
29 | Old Meridian Professional Center | N | St. Vincent Hospital | 8,000 | 20.2% | 4/30/2024 | St. Vincent Pediatric Center | 7,866 | 19.9% | 12/31/2021 | Rehabilitation Hospital of Indiana | 3,984 | 10.1% | 10/31/2023 |
30 | SPS Fresno Marks | N | ||||||||||||
31 | Vineyard Pointe Apartments | N | ||||||||||||
32 | Commons at Southtowne IV | N | PetSmart | 25,239 | 41.6% | 2/28/2030 | PGA Tour Superstore | 25,000 | 41.2% | 1/31/2030 | Pei Wei | 3,183 | 5.2% | 1/31/2030 |
33 | Tower Storage - Fayetteville | N | ||||||||||||
34 | 613 Oakfield Drive | N | SimonMed Imaging Florida | 9,219 | 68.3% | 7/31/2030 | Florida Behavioral Health | 4,281 | 31.7% | 12/31/2026 | ||||
35 | Corner Plaza | N | Madison McCord | 20,008 | 48.1% | 12/31/2029 | El Chihuahua | 7,844 | 18.9% | 7/31/2023 | A Bar Named Sue | 7,045 | 16.9% | 9/30/2022 |
36 | Dollar General- Isanti | N | Dollar General | 9,002 | 100.0% | 12/31/2034 | ||||||||
37 | Dollar General- Sioux City | N | Dollar General | 9,100 | 100.0% | 10/31/2034 | ||||||||
38 | Dollar General- Newburgh | N | Dollar General | 9,100 | 100.0% | 1/31/2035 | ||||||||
39 | Dollar General- Waterloo | N | Dollar General | 9,100 | 100.0% | 10/31/2034 | ||||||||
40 | Dollar General- Little Falls | N | Dollar General | 7,489 | 100.0% | 1/31/2035 | ||||||||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 4th Largest Tenant Name(7)(8) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | 5th Largest Tenant Name(8) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA | 5th Largest Tenant Exp. Date | Engineering Report Date | Environmental Report Date (Phase I) | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | Terrorism Insurance (Y/N) |
1 | PGH17 Self Storage Portfolio | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.01 | Prime Storage - Malta/Saratoga Springs | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.02 | Capital Self Storage - Mechanicsburg | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.03 | Capital Self Storage - Middletown | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.04 | Capital Self Storage - East York | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.06 | Eliot Rent A Space & Self Storage | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.07 | Capital Self Storage - Enola | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.08 | Capital Self Storage - Harrisburg Derry | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.09 | Capital Self Storage - West York | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.1 | Capital Self Storage - Dover | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.11 | A Space Place Self Storage | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.12 | Capital Self Storage - Hanover | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.13 | Prime Storage - Glens Falls | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.14 | Affordable Storage - Wilton | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.15 | Prime Storage - Latham New Loudon Road | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.16 | Rotterdam Self Storage | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
1.17 | Affordable Storage - Saratoga | 7/6/2020 | 7/6/2020 | N | Y | |||||||||||
2 | Phoenix Industrial Portfolio IV | Various | Various | Various | Various | Various | Various | Various | Various | Various | 10/17/2019 | N | Y | |||
2.01 | Edgerton | 10/17/2019 | 10/17/2019 | N | Y | |||||||||||
2.02 | Delaware | 10/17/2019 | 10/17/2019 | N | Y | |||||||||||
2.03 | Pawcatuck | Connri Paper & Supply | 28,796 | 13.3% | 12/31/2021 | Cottrell Brewing Co. | 8,300 | 3.8% | 4/30/2021 | 10/18/2019 | 10/17/2019 | N | Y | |||
2.04 | Herrin | Phoenix Logistics, LLC | 50,000 | 9.1% | 9/30/2023 | Intertape Polymer Corp | 34,399 | 6.3% | 7/31/2022 | 10/17/2019 | 10/17/2019 | N | Y | |||
2.05 | Menasha | 10/17/2019 | 10/17/2019 | N | Y | |||||||||||
3 | Hilton Garden Inn - Goleta | 12/26/2019 | 12/26/2019 | 1/16/2020 | 10.0% | N | Y | |||||||||
4 | DoubleTree New York Times Square West Leased Fee | 11/11/2019 | 10/30/2019 | N | Y | |||||||||||
5 | Technology Place | Southwest Antennas, Inc. | 15,961 | 11.0% | 7/31/2024 | Rhombus Energy Solutions, Inc. | 12,393 | 8.5% | 8/31/2022 | 6/24/2020 | 6/24/2020 | 6/24/2020 | 8.0% | N | Y | |
6 | Residence Inn - Fort Worth Cultural District | 1/14/2020 | 1/10/2020 | N | Y | |||||||||||
7 | Landmark Corporate Center | RSIEH, LLP | 20,263 | 9.6% | 3/31/2025 | Circle K Stores | 19,470 | 9.2% | 2/28/2025 | 7/7/2020 | 3/11/2020 | N | Y | |||
8 | Upland Park Townhomes | 12/20/2019 | 12/20/2019 | N | Y | |||||||||||
9 | Life Time Fitness - Gainesville, VA | 1/15/2020 | 1/16/2020 | N | Y | |||||||||||
10 | Town Square Apartments | 1/21/2020 | 1/21/2020 | 1/21/2020 | 11.0% | N | Y | |||||||||
11 | Konica Minolta Phase II | 12/17/2019 | 12/18/2019 | N | Y | |||||||||||
12 | 501 3rd Street | Schox (Storage) | 6,000 | 25.0% | 2/28/2033 | 1/17/2020 | 1/17/2020 | 1/3/2020 | 9.0% | N | Y | |||||
13 | TownePlace Suites Tacoma Lakewood | 1/10/2020 | 1/10/2020 | 1/10/2020 | 7.0% | N | Y | |||||||||
14 | Southlake Cove Apartments | 3/27/2020 | 3/27/2020 | N | Y | |||||||||||
15 | 122nd Street Portfolio | Various | 2/3/2020 | N | Y | |||||||||||
15.01 | 260-262 West 122nd Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.02 | 240 West 122nd Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.03 | 238 West 122nd Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.04 | 242 West 122nd Street | 2/3/2020 | 2/3/2020 | N | Y | |||||||||||
15.05 | 236 West 122nd Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.06 | 244 West 122nd Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.07 | 2268 Frederick Douglass Boulevard | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.08 | 234 West 122nd Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.09 | 222 Saint Nicholas Avenue | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.1 | 2500 Frederick Douglass Boulevard | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
15.11 | 262 West 115th Street | 1/31/2020 | 2/3/2020 | N | Y | |||||||||||
16 | The Grid | 11/18/2019 | 11/18/2019 | N | Y | |||||||||||
17 | Bass Pro - Birmingham | 10/29/2019 | 10/30/2019 | N | Y | |||||||||||
18 | Chesapeake | Gemsa Enterprises, LLC | 49,008 | 14.7% | 7/31/2027 | Kalman & Company, Inc. | 40,320 | 12.1% | 7/31/2026 | 3/30/2020 | 3/31/2020 | N | Y | |||
19 | Martin Door Industrial | 3/6/2020 | 3/6/2020 | 3/6/2020 | 14.0% | N | Y | |||||||||
20 | TownePlace Suites - Macon | 12/26/2019 | 12/26/2019 | N | Y | |||||||||||
21 | 570 Taxter Road | Carrier Logistics, Inc. | 4,491 | 5.8% | 1/31/2025 | AI Engineers, Inc. | 3,060 | 4.0% | 7/13/2024 | 1/16/2020 | 1/16/2020 | N | Y | |||
22 | South Carolina Industrial Portfolio | 3/10/2020 | Various | N | Y | |||||||||||
22.01 | East Frontage Road | 3/10/2020 | 6/23/2020 | N | Y | |||||||||||
22.02 | Tucapau Road | 3/10/2020 | 6/19/2020 | N | Y | |||||||||||
23 | Luxor Garden Apartments | 3/3/2020 | 3/3/2020 | N | Y | |||||||||||
24 | Walgreens Burlington | 10/16/2019 | 10/29/2019 | N | Y | |||||||||||
25 | Spacebox Storage - Niceville | 3/23/2020 | 3/20/2020 | N | Y | |||||||||||
26 | Jefferson Apartments | 6/10/2020 | 6/10/2020 | N | Y | |||||||||||
27 | Kennedy Center | Tune Up - The Manly Salon | 2,157 | 11.2% | 6/11/2025 | Noire, The Nail Bar | 2,080 | 10.8% | 4/8/2028 | 12/11/2019 | 12/11/2019 | N | Y | |||
28 | Outback 98 West Storage | 3/23/2020 | 3/23/2020 | N | Y | |||||||||||
29 | Old Meridian Professional Center | LifeSolutions Counseling | 3,762 | 9.5% | 4/30/2029 | Carmel Cosmetic & Plastic Surgeons | 3,250 | 8.2% | 1/31/2022 | 3/31/2020 | 3/30/2020 | N | Y | |||
30 | SPS Fresno Marks | 7/1/2020 | 1/14/2020 | 1/14/2020 | 4.0% | N | Y | |||||||||
31 | Vineyard Pointe Apartments | 3/27/2020 | 3/27/2020 | N | Y | |||||||||||
32 | Commons at Southtowne IV | Costa Vida | 3,089 | 5.1% | 11/30/2022 | Rumbi Island Grill | 2,484 | 4.1% | 10/31/2021 | 9/25/2019 | 9/25/2019 | 9/26/2019 | 7.0% | N | Y | |
33 | Tower Storage - Fayetteville | 11/22/2019 | 11/22/2019 | N | Y | |||||||||||
34 | 613 Oakfield Drive | 6/2/2020 | 6/4/2020 | N | Y | |||||||||||
35 | Corner Plaza | Soccer International | 5,180 | 12.5% | 3/31/2021 | Nielsen’s Frozen Custard | 800 | 1.9% | 11/30/2028 | 2/6/2020 | 2/6/2020 | 2/6/2020 | 14.0% | N | Y | |
36 | Dollar General- Isanti | 2/4/2020 | 2/4/2020 | N | Y | |||||||||||
37 | Dollar General- Sioux City | 11/4/2019 | 11/4/2019 | N | Y | |||||||||||
38 | Dollar General- Newburgh | 1/30/2020 | 1/31/2020 | N | Y | |||||||||||
39 | Dollar General- Waterloo | 11/4/2019 | 11/4/2019 | N | Y | |||||||||||
40 | Dollar General- Little Falls | 1/31/2020 | 1/31/2020 | N | Y | |||||||||||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Loan Purpose | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Upfront Replacement Reserve ($)(10) | Monthly Replacement Reserve ($)(10)(11) | Replacement Reserve Cap ($) | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Reserve Cap ($) |
1 | PGH17 Self Storage Portfolio | Refinance | 82,148 | 160,781 | 76,562 | 0 | 4,147 | 0 | 8,202 | 0 | 0 | 0 | 0 |
1.01 | Prime Storage - Malta/Saratoga Springs | ||||||||||||
1.02 | Capital Self Storage - Mechanicsburg | ||||||||||||
1.03 | Capital Self Storage - Middletown | ||||||||||||
1.04 | Capital Self Storage - East York | ||||||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | ||||||||||||
1.06 | Eliot Rent A Space & Self Storage | ||||||||||||
1.07 | Capital Self Storage - Enola | ||||||||||||
1.08 | Capital Self Storage - Harrisburg Derry | ||||||||||||
1.09 | Capital Self Storage - West York | ||||||||||||
1.1 | Capital Self Storage - Dover | ||||||||||||
1.11 | A Space Place Self Storage | ||||||||||||
1.12 | Capital Self Storage - Hanover | ||||||||||||
1.13 | Prime Storage - Glens Falls | ||||||||||||
1.14 | Affordable Storage - Wilton | ||||||||||||
1.15 | Prime Storage - Latham New Loudon Road | ||||||||||||
1.16 | Rotterdam Self Storage | ||||||||||||
1.17 | Affordable Storage - Saratoga | ||||||||||||
2 | Phoenix Industrial Portfolio IV | Refinance | 174,750 | 130,669 | 31,730 | 224,243 | 20,269 | 0 | 17,713 | 425,000 | 1,000,000 | Springing | 1,000,000 |
2.01 | Edgerton | ||||||||||||
2.02 | Delaware | ||||||||||||
2.03 | Pawcatuck | ||||||||||||
2.04 | Herrin | ||||||||||||
2.05 | Menasha | ||||||||||||
3 | Hilton Garden Inn - Goleta | Refinance | 0 | 97,074 | 48,538 | 0 | Springing | 0 | 36,851 | 0 | 0 | 0 | 0 |
4 | DoubleTree New York Times Square West Leased Fee | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
5 | Technology Place | Acquisition | 28,632 | 138,960 | 27,792 | 0 | Springing | 0 | 2,420; Springing | 58,080 | 250,000 | 12,101 | 700,000 |
6 | Residence Inn - Fort Worth Cultural District | Acquisition | 0 | 103,635 | 41,108 | 0 | Springing | 0 | 12,218 | 0 | 0 | 0 | 0 |
7 | Landmark Corporate Center | Refinance | 26,750 | 179,468 | 35,894 | 0 | Springing | 0 | 3,518 | 0 | 0 | 30,786 | 0 |
8 | Upland Park Townhomes | Refinance | 0 | 73,278 | 34,894 | 117,338 | 12,417 | 500,000 | 5,938 | 0 | 0 | 0 | 0 |
9 | Life Time Fitness - Gainesville, VA | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | Springing | 0 |
10 | Town Square Apartments | Refinance | 35,188 | 105,662 | 29,350 | 50,192 | 4,327 | 0 | 7,197 | 0 | 0 | 0 | 0 |
11 | Konica Minolta Phase II | Acquisition | Borrower will deposit 125% of estimated cost of repairs if Konica Minolta fails to perform the required repairs | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 |
12 | 501 3rd Street | Refinance | 0 | 0 | 16,715 | 3,584 | 896 | 0 | 500; Springing | 24,000 | 0 | 3,000 | 108,000 |
13 | TownePlace Suites Tacoma Lakewood | Refinance | 0 | 67,403 | 13,216 | 0 | 3,725 | 0 | 17,041 | 817,945 | 0 | 0 | 0 |
14 | Southlake Cove Apartments | Refinance | 0 | 298,218 | 28,402 | 51,484 | 6,129 | 0 | 8,650 | 0 | 0 | 0 | 0 |
15 | 122nd Street Portfolio | Refinance | 46,170 | 47,918 | 7,986 | 47,864 | 7,977 | 0 | 2,780 | 0 | 0 | 200 | 0 |
15.01 | 260-262 West 122nd Street | ||||||||||||
15.02 | 240 West 122nd Street | ||||||||||||
15.03 | 238 West 122nd Street | ||||||||||||
15.04 | 242 West 122nd Street | ||||||||||||
15.05 | 236 West 122nd Street | ||||||||||||
15.06 | 244 West 122nd Street | ||||||||||||
15.07 | 2268 Frederick Douglass Boulevard | ||||||||||||
15.08 | 234 West 122nd Street | ||||||||||||
15.09 | 222 Saint Nicholas Avenue | ||||||||||||
15.1 | 2500 Frederick Douglass Boulevard | ||||||||||||
15.11 | 262 West 115th Street | ||||||||||||
16 | The Grid | Refinance | 0 | 45,793 | 45,793 | 187,521 | 23,440 | 0 | 9,708 | 0 | 0 | 4,863 | 0 |
17 | Bass Pro - Birmingham | Acquisition | 0 | 0 | Springing | 5,339 | 1,161 | 0 | Springing | 0 | 0 | Springing | 0 |
18 | Chesapeake | Refinance | 0 | 29,337 | 8,149 | 9,805 | 2,566 | 0 | 2,788; Springing | 100,349 | 750,000 | Springing | 750,000 |
19 | Martin Door Industrial | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 2,852 | 650,000 |
20 | TownePlace Suites - Macon | Refinance | 0 | 62,290 | 13,541 | 54,126 | 4,296 | 0 | 5,986 | 0 | 0 | 0 | 0 |
21 | 570 Taxter Road | Refinance | 6,000 | 110,810 | 16,347 | 9,370 | 2,037 | 0 | 1,282 | 48,000 | 0 | 6,411 | 315,000 |
22 | South Carolina Industrial Portfolio | Refinance | 6,750 | 269,669 | 35,483 | 36,751 | 7,374 | 0 | 3,258 | 78,191 | 400,000 | Springing | 400,000 |
22.01 | East Frontage Road | ||||||||||||
22.02 | Tucapau Road | ||||||||||||
23 | Luxor Garden Apartments | Refinance | 2,000 | 700 | 700 | 9,036 | 3,475 | 0 | 5,775 | 0 | 0 | 0 | 0 |
24 | Walgreens Burlington | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | 329 | 0 | 0 | 0 | 0 |
25 | Spacebox Storage - Niceville | Refinance | 0 | 47,874 | 5,066 | 6,972 | 1,660 | 0 | 721 | 0 | 0 | 0 | 0 |
26 | Jefferson Apartments | Refinance | 5,000 | 0 | 11,885 | 12,541 | 1,493 | 0 | 1,250 | 0 | 0 | 0 | 0 |
27 | Kennedy Center | Refinance | 0 | 28,000 | 13,333 | 13,136 | 1,251 | 0 | 322 | 0 | 0 | 1,608 | 0 |
28 | Outback 98 West Storage | Refinance | 67,469 | 47,509 | 7,541 | 9,197 | 1,752 | 0 | 1,539 | 0 | 0 | 1,135 | 75,000 |
29 | Old Meridian Professional Center | Refinance | 0 | 30,017 | 8,338 | 8,568 | 659 | 125,000 | Springing | 125,000 | 400,000 | Springing | 400,000 |
30 | SPS Fresno Marks | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | 0 | 0 | 0 |
31 | Vineyard Pointe Apartments | Refinance | 0 | 101,879 | 9,703 | 21,348 | 2,541 | 0 | 2,700 | 0 | 0 | 0 | 0 |
32 | Commons at Southtowne IV | Refinance | 0 | 43,900 | 8,362 | 3,902 | 1,239 | 0 | 758 | 0 | 0 | 4,298 | 300,000 |
33 | Tower Storage - Fayetteville | Refinance | 0 | 11,057 | 1,675 | 6,889 | 2,650 | 0 | 1,098 | 0 | 0 | 0 | 0 |
34 | 613 Oakfield Drive | Acquisition | 0 | 27,171 | 2,664 | 2,740 | 1,343 | 0 | 169 | 0 | 0 | 1,125 | 0 |
35 | Corner Plaza | Refinance | 0 | 24,020 | 4,804 | 0 | Springing | 0 | 693 | 0 | 125,000 | 3,466 | 125,000 |
36 | Dollar General- Isanti | Acquisition | 0 | 4,000 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
37 | Dollar General- Sioux City | Acquisition | 0 | 4,000 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
38 | Dollar General- Newburgh | Acquisition | 0 | 4,000 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
39 | Dollar General- Waterloo | Acquisition | 0 | 4,000 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
40 | Dollar General- Little Falls | Acquisition | 0 | 4,000 | Springing | 0 | Springing | 0 | 0 | 0 | 0 | 0 | 0 |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Debt Service Escrow (Initial) ($)(10) | Debt Service Escrow (Monthly) ($)(4) | Other Escrow I Reserve Description | Other Escrow I (Initial) ($) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) |
1 | PGH17 Self Storage Portfolio | 0 | 0 | 0 | 0 | 0 | |
1.01 | Prime Storage - Malta/Saratoga Springs | ||||||
1.02 | Capital Self Storage - Mechanicsburg | ||||||
1.03 | Capital Self Storage - Middletown | ||||||
1.04 | Capital Self Storage - East York | ||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | ||||||
1.06 | Eliot Rent A Space & Self Storage | ||||||
1.07 | Capital Self Storage - Enola | ||||||
1.08 | Capital Self Storage - Harrisburg Derry | ||||||
1.09 | Capital Self Storage - West York | ||||||
1.1 | Capital Self Storage - Dover | ||||||
1.11 | A Space Place Self Storage | ||||||
1.12 | Capital Self Storage - Hanover | ||||||
1.13 | Prime Storage - Glens Falls | ||||||
1.14 | Affordable Storage - Wilton | ||||||
1.15 | Prime Storage - Latham New Loudon Road | ||||||
1.16 | Rotterdam Self Storage | ||||||
1.17 | Affordable Storage - Saratoga | ||||||
2 | Phoenix Industrial Portfolio IV | 0 | 0 | Pitney Bowes Work Fund | 10,000 | 0 | 0 |
2.01 | Edgerton | ||||||
2.02 | Delaware | ||||||
2.03 | Pawcatuck | ||||||
2.04 | Herrin | ||||||
2.05 | Menasha | ||||||
3 | Hilton Garden Inn - Goleta | 1,270,325 | 0 | Springing PIP Reserve | 0 | Springing | 0 |
4 | DoubleTree New York Times Square West Leased Fee | 0 | 0 | 0 | 0 | 0 | |
5 | Technology Place | 0 | 0 | Springing Memjet TILC Reserve | 0 | Springing | 0 |
6 | Residence Inn - Fort Worth Cultural District | 400,000 | 0 | PIP Reserve | 4,105,030 | Springing | 0 |
7 | Landmark Corporate Center | 0 | 0 | Rent Concession Funds | 118,374 | 0 | 0 |
8 | Upland Park Townhomes | 0 | 0 | 0 | 0 | 0 | |
9 | Life Time Fitness - Gainesville, VA | 0 | 0 | 0 | 0 | 0 | |
10 | Town Square Apartments | 219,570 | 0 | 0 | 0 | 0 | |
11 | Konica Minolta Phase II | 0 | 0 | Quarterly Rent Reserve | 0 | On each monthly payment date when Konica Minolta makes its Quarterly Rent Payment, Borrower shall deposit the projected Monthly Debt Service Payment for 2 monthly payment dates | 0 |
12 | 501 3rd Street | 0 | 0 | Springing Urban Digital Reserve | 0 | Springing | 0 |
13 | TownePlace Suites Tacoma Lakewood | 0 | 0 | 0 | 0 | 0 | |
14 | Southlake Cove Apartments | 0 | 0 | 0 | 0 | 0 | |
15 | 122nd Street Portfolio | 0 | 0 | 0 | 0 | 0 | |
15.01 | 260-262 West 122nd Street | ||||||
15.02 | 240 West 122nd Street | ||||||
15.03 | 238 West 122nd Street | ||||||
15.04 | 242 West 122nd Street | ||||||
15.05 | 236 West 122nd Street | ||||||
15.06 | 244 West 122nd Street | ||||||
15.07 | 2268 Frederick Douglass Boulevard | ||||||
15.08 | 234 West 122nd Street | ||||||
15.09 | 222 Saint Nicholas Avenue | ||||||
15.1 | 2500 Frederick Douglass Boulevard | ||||||
15.11 | 262 West 115th Street | ||||||
16 | The Grid | 0 | 0 | Outstanding TI/LC | 162,500 | 0 | 0 |
17 | Bass Pro - Birmingham | 0 | 0 | 0 | 0 | 0 | |
18 | Chesapeake | 287,841 | 0 | Ground Rent Funds | 95,372 | Springing | 0 |
19 | Martin Door Industrial | 0 | 0 | 0 | 0 | 0 | |
20 | TownePlace Suites - Macon | 0 | 0 | PIP Reserve | 25,000 | 0 | 0 |
21 | 570 Taxter Road | 0 | 0 | Rent Concession Funds ($40,898); Tenant Allowance, Tenant Improvement and Leasing Commission Funds ($8,750) | 49,648 | 0 | 0 |
22 | South Carolina Industrial Portfolio | 0 | 0 | TATILC Funds ($10,000); Rent Concession Funds ($7,500) | 17,500 | 0 | 0 |
22.01 | East Frontage Road | ||||||
22.02 | Tucapau Road | ||||||
23 | Luxor Garden Apartments | 106,259 | 0 | Ground Rent Funds | 668 | 334 | 0 |
24 | Walgreens Burlington | 0 | 0 | 0 | 0 | 0 | |
25 | Spacebox Storage - Niceville | 0 | 0 | 0 | 0 | 0 | |
26 | Jefferson Apartments | 0 | 0 | 0 | 0 | 0 | |
27 | Kennedy Center | 0 | 0 | Vida Flo TI/LC Fund | 31,212 | 0 | 0 |
28 | Outback 98 West Storage | 0 | 0 | 0 | 0 | 0 | |
29 | Old Meridian Professional Center | 0 | 0 | TATILC Funds | 51,386 | 0 | 0 |
30 | SPS Fresno Marks | 0 | 0 | 0 | 0 | 0 | |
31 | Vineyard Pointe Apartments | 0 | 0 | 0 | 0 | 0 | |
32 | Commons at Southtowne IV | 0 | 0 | Ground Rent Fund | 0 | Springing | 0 |
33 | Tower Storage - Fayetteville | 0 | 0 | Shortfall Reserve Funds | 72,111 | 0 | 0 |
34 | 613 Oakfield Drive | 0 | 0 | 0 | 0 | 0 | |
35 | Corner Plaza | 0 | 0 | Specified Tenant Reserve | 0 | Springing | 0 |
36 | Dollar General- Isanti | 0 | 0 | 0 | 0 | 0 | |
37 | Dollar General- Sioux City | 0 | 0 | 0 | 0 | 0 | |
38 | Dollar General- Newburgh | 0 | 0 | 0 | 0 | 0 | |
39 | Dollar General- Waterloo | 0 | 0 | 0 | 0 | 0 | |
40 | Dollar General- Little Falls | 0 | 0 | 0 | 0 | 0 | |
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Reserve Description(11) | Other Escrow II (Initial) ($) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) | Holdback(12) | Ownership Interest(3)(13) | Ground Lease Initial Expiration Date(13) | Annual Ground Rent Payment | Annual Ground Rent Increases |
1 | PGH17 Self Storage Portfolio | 0 | 0 | 0 | Fee | |||||
1.01 | Prime Storage - Malta/Saratoga Springs | Fee | ||||||||
1.02 | Capital Self Storage - Mechanicsburg | Fee | ||||||||
1.03 | Capital Self Storage - Middletown | Fee | ||||||||
1.04 | Capital Self Storage - East York | Fee | ||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | Fee | ||||||||
1.06 | Eliot Rent A Space & Self Storage | Fee | ||||||||
1.07 | Capital Self Storage - Enola | Fee | ||||||||
1.08 | Capital Self Storage - Harrisburg Derry | Fee | ||||||||
1.09 | Capital Self Storage - West York | Fee | ||||||||
1.1 | Capital Self Storage - Dover | Fee | ||||||||
1.11 | A Space Place Self Storage | Fee | ||||||||
1.12 | Capital Self Storage - Hanover | Fee | ||||||||
1.13 | Prime Storage - Glens Falls | Fee | ||||||||
1.14 | Affordable Storage - Wilton | Fee | ||||||||
1.15 | Prime Storage - Latham New Loudon Road | Fee | ||||||||
1.16 | Rotterdam Self Storage | Fee | ||||||||
1.17 | Affordable Storage - Saratoga | Fee | ||||||||
2 | Phoenix Industrial Portfolio IV | 0 | 0 | 0 | 4,000,000 | Fee | ||||
2.01 | Edgerton | 4,000,000 | Fee | |||||||
2.02 | Delaware | 4,000,000 | Fee | |||||||
2.03 | Pawcatuck | 4,000,000 | Fee | |||||||
2.04 | Herrin | 4,000,000 | Fee | |||||||
2.05 | Menasha | 4,000,000 | Fee | |||||||
3 | Hilton Garden Inn - Goleta | 0 | 0 | 0 | Fee | |||||
4 | DoubleTree New York Times Square West Leased Fee | 0 | 0 | 0 | Fee | |||||
5 | Technology Place | Systech TILC ($99,420) / Titan Growth Rent Concession ($27,278) Reserve | 126,698 | 0 | 0 | Fee | ||||
6 | Residence Inn - Fort Worth Cultural District | 0 | 0 | 0 | Fee | |||||
7 | Landmark Corporate Center | TATILC Funds | 370,340 | 0 | 0 | Fee | ||||
8 | Upland Park Townhomes | 0 | 0 | 0 | Fee | |||||
9 | Life Time Fitness - Gainesville, VA | 0 | 0 | 0 | Fee | |||||
10 | Town Square Apartments | 0 | 0 | 0 | Fee | |||||
11 | Konica Minolta Phase II | 0 | 0 | 0 | Fee | |||||
12 | 501 3rd Street | 0 | 0 | 0 | Fee | |||||
13 | TownePlace Suites Tacoma Lakewood | 0 | 0 | 0 | Fee | |||||
14 | Southlake Cove Apartments | 0 | 0 | 0 | Fee | |||||
15 | 122nd Street Portfolio | 0 | 0 | 0 | Fee | |||||
15.01 | 260-262 West 122nd Street | Fee | ||||||||
15.02 | 240 West 122nd Street | Fee | ||||||||
15.03 | 238 West 122nd Street | Fee | ||||||||
15.04 | 242 West 122nd Street | Fee | ||||||||
15.05 | 236 West 122nd Street | Fee | ||||||||
15.06 | 244 West 122nd Street | Fee | ||||||||
15.07 | 2268 Frederick Douglass Boulevard | Fee | ||||||||
15.08 | 234 West 122nd Street | Fee | ||||||||
15.09 | 222 Saint Nicholas Avenue | Fee | ||||||||
15.1 | 2500 Frederick Douglass Boulevard | Fee | ||||||||
15.11 | 262 West 115th Street | Fee | ||||||||
16 | The Grid | 0 | 0 | 0 | Fee | |||||
17 | Bass Pro - Birmingham | 0 | 0 | 0 | Fee | |||||
18 | Chesapeake | Deposit of Logipia Work ($250,000); Gemsa Funds ($137,566.57) | 387,567 | 0 | 0 | Fee and Leasehold | 1/31/2023 | $3,278 | 2020: $3,278, 2021: $3,377; 2022-2023: $3,478 | |
19 | Martin Door Industrial | 0 | 0 | 0 | Fee | |||||
20 | TownePlace Suites - Macon | Seasonality Reserve | 0 | Springing | 0 | Leasehold | 8/7/2065 | $100 | ||
21 | 570 Taxter Road | 0 | 0 | 0 | 1,275,000 | Fee | ||||
22 | South Carolina Industrial Portfolio | 0 | 0 | 0 | 1,250,000 | Fee | ||||
22.01 | East Frontage Road | 1,250,000 | Fee | |||||||
22.02 | Tucapau Road | 1,250,000 | Fee | |||||||
23 | Luxor Garden Apartments | 0 | 0 | 0 | Leasehold | 6/30/2065 | $4,000 | |||
24 | Walgreens Burlington | 0 | 0 | 0 | Fee | |||||
25 | Spacebox Storage - Niceville | 0 | 0 | 0 | Fee | |||||
26 | Jefferson Apartments | 0 | 0 | 0 | Fee | |||||
27 | Kennedy Center | 0 | 0 | 0 | Fee | |||||
28 | Outback 98 West Storage | 0 | 0 | 0 | Fee | |||||
29 | Old Meridian Professional Center | Deposit of Pre-Rent Funds | 17,285 | 0 | 0 | Fee | ||||
30 | SPS Fresno Marks | 0 | 0 | 0 | Fee | |||||
31 | Vineyard Pointe Apartments | 0 | 0 | 0 | Fee | |||||
32 | Commons at Southtowne IV | 0 | 0 | 0 | Leasehold | 2/28/2050; 12/31/2048 | $318,850; $62,451 | 10% every 5 years | ||
33 | Tower Storage - Fayetteville | 0 | 0 | 0 | Fee | |||||
34 | 613 Oakfield Drive | 0 | 0 | 0 | Fee | |||||
35 | Corner Plaza | 0 | 0 | 0 | Fee | |||||
36 | Dollar General- Isanti | 0 | 0 | 0 | Fee | |||||
37 | Dollar General- Sioux City | 0 | 0 | 0 | Fee | |||||
38 | Dollar General- Newburgh | 0 | 0 | 0 | Fee | |||||
39 | Dollar General- Waterloo | 0 | 0 | 0 | Fee | |||||
40 | Dollar General- Little Falls | 0 | 0 | 0 | Fee | |||||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Lockbox | Whole Loan Cut-off Date Balance ($) | Whole Loan Debt Service ($) | Subordinate Secured Debt Original Balance ($) | Subordinate Secured Debt Cut-off Date Balance ($) | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut-off Date U/W NOI Debt Yield | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) | Pari Passu (Y/N) | Pari Passu Note Control (Y/N) | Pari Passu Piece In-Trust Cut-Off Balance |
1 | PGH17 Self Storage Portfolio | Springing | Y | Y | 56,000,000 | ||||||||||
1.01 | Prime Storage - Malta/Saratoga Springs | ||||||||||||||
1.02 | Capital Self Storage - Mechanicsburg | ||||||||||||||
1.03 | Capital Self Storage - Middletown | ||||||||||||||
1.04 | Capital Self Storage - East York | ||||||||||||||
1.05 | Capital Self Storage - Harrisburg Arsenal | ||||||||||||||
1.06 | Eliot Rent A Space & Self Storage | ||||||||||||||
1.07 | Capital Self Storage - Enola | ||||||||||||||
1.08 | Capital Self Storage - Harrisburg Derry | ||||||||||||||
1.09 | Capital Self Storage - West York | ||||||||||||||
1.1 | Capital Self Storage - Dover | ||||||||||||||
1.11 | A Space Place Self Storage | ||||||||||||||
1.12 | Capital Self Storage - Hanover | ||||||||||||||
1.13 | Prime Storage - Glens Falls | ||||||||||||||
1.14 | Affordable Storage - Wilton | ||||||||||||||
1.15 | Prime Storage - Latham New Loudon Road | ||||||||||||||
1.16 | Rotterdam Self Storage | ||||||||||||||
1.17 | Affordable Storage - Saratoga | ||||||||||||||
2 | Phoenix Industrial Portfolio IV | Hard/Springing Cash Management | N | ||||||||||||
2.01 | Edgerton | ||||||||||||||
2.02 | Delaware | ||||||||||||||
2.03 | Pawcatuck | ||||||||||||||
2.04 | Herrin | ||||||||||||||
2.05 | Menasha | ||||||||||||||
3 | Hilton Garden Inn - Goleta | Hard/Springing Cash Management | N | ||||||||||||
4 | DoubleTree New York Times Square West Leased Fee | None | 90,000,000 | 285,080 | 32,000,000 | 32,000,000 | 1.59 | 1.59 | 67.9% | 6.1% | 6.1% | Y | Y | 30,000,000 | |
5 | Technology Place | Springing | N | ||||||||||||
6 | Residence Inn - Fort Worth Cultural District | Springing | N | ||||||||||||
7 | Landmark Corporate Center | Hard/Upfront Cash Management | N | ||||||||||||
8 | Upland Park Townhomes | Springing | N | ||||||||||||
9 | Life Time Fitness - Gainesville, VA | Hard/Springing Cash Management | N | ||||||||||||
10 | Town Square Apartments | Springing | N | ||||||||||||
11 | Konica Minolta Phase II | Hard/Upfront Cash Management | N | ||||||||||||
12 | 501 3rd Street | Hard/Upfront Cash Management | N | ||||||||||||
13 | TownePlace Suites Tacoma Lakewood | Springing | N | ||||||||||||
14 | Southlake Cove Apartments | Springing | N | ||||||||||||
15 | 122nd Street Portfolio | Soft/Springing Cash Management | Y | Y | 15,000,000 | ||||||||||
15.01 | 260-262 West 122nd Street | ||||||||||||||
15.02 | 240 West 122nd Street | ||||||||||||||
15.03 | 238 West 122nd Street | ||||||||||||||
15.04 | 242 West 122nd Street | ||||||||||||||
15.05 | 236 West 122nd Street | ||||||||||||||
15.06 | 244 West 122nd Street | ||||||||||||||
15.07 | 2268 Frederick Douglass Boulevard | ||||||||||||||
15.08 | 234 West 122nd Street | ||||||||||||||
15.09 | 222 Saint Nicholas Avenue | ||||||||||||||
15.1 | 2500 Frederick Douglass Boulevard | ||||||||||||||
15.11 | 262 West 115th Street | ||||||||||||||
16 | The Grid | Soft/Springing Cash Management | Y | N | 14,913,167 | ||||||||||
17 | Bass Pro - Birmingham | Hard/Springing Cash Management | N | ||||||||||||
18 | Chesapeake | Hard/Springing Cash Management | N | ||||||||||||
19 | Martin Door Industrial | Hard/Springing Cash Management | N | ||||||||||||
20 | TownePlace Suites - Macon | Hard/Springing Cash Management | N | ||||||||||||
21 | 570 Taxter Road | Springing | N | ||||||||||||
22 | South Carolina Industrial Portfolio | Hard/Upfront Cash Management | N | ||||||||||||
22.01 | East Frontage Road | ||||||||||||||
22.02 | Tucapau Road | ||||||||||||||
23 | Luxor Garden Apartments | Springing | N | ||||||||||||
24 | Walgreens Burlington | Hard/Springing Cash Management | N | ||||||||||||
25 | Spacebox Storage - Niceville | Springing | N | ||||||||||||
26 | Jefferson Apartments | Springing | N | ||||||||||||
27 | Kennedy Center | Springing | N | ||||||||||||
28 | Outback 98 West Storage | Springing | N | ||||||||||||
29 | Old Meridian Professional Center | Springing | N | ||||||||||||
30 | SPS Fresno Marks | None | N | ||||||||||||
31 | Vineyard Pointe Apartments | Springing | N | ||||||||||||
32 | Commons at Southtowne IV | Springing | N | ||||||||||||
33 | Tower Storage - Fayetteville | Springing | N | ||||||||||||
34 | 613 Oakfield Drive | Springing | N | ||||||||||||
35 | Corner Plaza | Springing | N | ||||||||||||
36 | Dollar General- Isanti | Hard/Upfront Cash Management | N | ||||||||||||
37 | Dollar General- Sioux City | Hard/Upfront Cash Management | N | ||||||||||||
38 | Dollar General- Newburgh | Hard/Upfront Cash Management | N | ||||||||||||
39 | Dollar General- Waterloo | Hard/Upfront Cash Management | N | ||||||||||||
40 | Dollar General- Little Falls | Hard/Upfront Cash Management | N | ||||||||||||
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Pari Passu Piece Non-Trust Cut-Off Balance | Total Cut-off Date Pari Passu Debt | Sponsor(14) | Affiliated Sponsors | Mortgage Loan Number |
1 | PGH17 Self Storage Portfolio | 37,000,000 | 93,000,000 | Robert Moser | 1 | |
1.01 | Prime Storage - Malta/Saratoga Springs | 1.01 | ||||
1.02 | Capital Self Storage - Mechanicsburg | 1.02 | ||||
1.03 | Capital Self Storage - Middletown | 1.03 | ||||
1.04 | Capital Self Storage - East York | 1.04 | ||||
1.05 | Capital Self Storage - Harrisburg Arsenal | 1.05 | ||||
1.06 | Eliot Rent A Space & Self Storage | 1.06 | ||||
1.07 | Capital Self Storage - Enola | 1.07 | ||||
1.08 | Capital Self Storage - Harrisburg Derry | 1.08 | ||||
1.09 | Capital Self Storage - West York | 1.09 | ||||
1.1 | Capital Self Storage - Dover | 1.1 | ||||
1.11 | A Space Place Self Storage | 1.11 | ||||
1.12 | Capital Self Storage - Hanover | 1.12 | ||||
1.13 | Prime Storage - Glens Falls | 1.13 | ||||
1.14 | Affordable Storage - Wilton | 1.14 | ||||
1.15 | Prime Storage - Latham New Loudon Road | 1.15 | ||||
1.16 | Rotterdam Self Storage | 1.16 | ||||
1.17 | Affordable Storage - Saratoga | 1.17 | ||||
2 | Phoenix Industrial Portfolio IV | Phoenix Investors | Y - Group 1 | 2 | ||
2.01 | Edgerton | Y - Group 1 | 2.01 | |||
2.02 | Delaware | Y - Group 1 | 2.02 | |||
2.03 | Pawcatuck | Y - Group 1 | 2.03 | |||
2.04 | Herrin | Y - Group 1 | 2.04 | |||
2.05 | Menasha | Y - Group 1 | 2.05 | |||
3 | Hilton Garden Inn - Goleta | Huntington Hotel Group, LP | 3 | |||
4 | DoubleTree New York Times Square West Leased Fee | 28,000,000 | 58,000,000 | Sam Chang | 4 | |
5 | Technology Place | David B. Dollinger; The David Dollinger Living Trust | 5 | |||
6 | Residence Inn - Fort Worth Cultural District | Hok Kit Lou; Ching Sau Cheung | 6 | |||
7 | Landmark Corporate Center | Integrity Capital Income Fund, Inc.; 5500 Quebec Capital, LLC | 7 | |||
8 | Upland Park Townhomes | Keeley Megarity | 8 | |||
9 | Life Time Fitness - Gainesville, VA | Carl T. Millice, III; Bowden T. Millice; Clayton C. Millice | 9 | |||
10 | Town Square Apartments | John C. Chiu | 10 | |||
11 | Konica Minolta Phase II | LCN North American Fund II REIT | 11 | |||
12 | 501 3rd Street | Jeffrey M. Schox; Kathryn M. Schox | 12 | |||
13 | TownePlace Suites Tacoma Lakewood | Dewey F. Weaver, Jr. | 13 | |||
14 | Southlake Cove Apartments | Steve Firestone | Y - Group 2 | 14 | ||
15 | 122nd Street Portfolio | 8,000,000 | 23,000,000 | Bennat Berger; Andrew Miller | 15 | |
15.01 | 260-262 West 122nd Street | 15.01 | ||||
15.02 | 240 West 122nd Street | 15.02 | ||||
15.03 | 238 West 122nd Street | 15.03 | ||||
15.04 | 242 West 122nd Street | 15.04 | ||||
15.05 | 236 West 122nd Street | 15.05 | ||||
15.06 | 244 West 122nd Street | 15.06 | ||||
15.07 | 2268 Frederick Douglass Boulevard | 15.07 | ||||
15.08 | 234 West 122nd Street | 15.08 | ||||
15.09 | 222 Saint Nicholas Avenue | 15.09 | ||||
15.1 | 2500 Frederick Douglass Boulevard | 15.1 | ||||
15.11 | 262 West 115th Street | 15.11 | ||||
16 | The Grid | 52,196,083 | 67,109,250 | John McGrail | 16 | |
17 | Bass Pro - Birmingham | ULM II Holding Corp. | 17 | |||
18 | Chesapeake | Irrevocable Children’s Trust dated 7/22/91; Irrevocable Children’s Trust No. 2 dated 7/22/91 | Y - Group 1 | 18 | ||
19 | Martin Door Industrial | Gary C. Nielson | 19 | |||
20 | TownePlace Suites - Macon | Nicholas J. Esterline; Quentin Ellis; Chris Dischinger | 20 | |||
21 | 570 Taxter Road | Leib Katz; Ephraim Grossman | 21 | |||
22 | South Carolina Industrial Portfolio | Milton A. Smith, Jr. | 22 | |||
22.01 | East Frontage Road | 22.01 | ||||
22.02 | Tucapau Road | 22.02 | ||||
23 | Luxor Garden Apartments | Asher Z. Brodt | 23 | |||
24 | Walgreens Burlington | 514 Burlington Master Lessee, LLC; Karen E. Kennedy | 24 | |||
25 | Spacebox Storage - Niceville | Bennett V. York | Y - Group 3 | 25 | ||
26 | Jefferson Apartments | Jason Patrinos; Nicholas W. Karas | 26 | |||
27 | Kennedy Center | Nancy P. Pappas; Joseph C. Pupello, Sr. | 27 | |||
28 | Outback 98 West Storage | Bennett V. York | Y - Group 3 | 28 | ||
29 | Old Meridian Professional Center | Brian C. Pahud | 29 | |||
30 | SPS Fresno Marks | Benjamin D. Eisler; Shirley E. Eisler; Michael B. Eisler; Michael B. Eisler as Trustee of the Michael Bradley Eisler Revocable Trust; Benjamin D. Eisler and Shirley E. Eisler as Trustees of the Eisler Revocable Trust | 30 | |||
31 | Vineyard Pointe Apartments | Steve Firestone | Y - Group 2 | 31 | ||
32 | Commons at Southtowne IV | John R. Thackeray; Armand D. Johansen | Y - Group 4 | 32 | ||
33 | Tower Storage - Fayetteville | Robert Schmitt | 33 | |||
34 | 613 Oakfield Drive | Craig Brabazon Hallowes; Gidon Trope | 34 | |||
35 | Corner Plaza | John R. Thackeray | Y - Group 4 | 35 | ||
36 | Dollar General- Isanti | Ladder Capital CRE Equity LLC | Y - Group 5 | 36 | ||
37 | Dollar General- Sioux City | Ladder Capital CRE Equity LLC | Y - Group 5 | 37 | ||
38 | Dollar General- Newburgh | Ladder Capital CRE Equity LLC | Y - Group 5 | 38 | ||
39 | Dollar General- Waterloo | Ladder Capital CRE Equity LLC | Y - Group 5 | 39 | ||
40 | Dollar General- Little Falls | Ladder Capital CRE Equity LLC | Y - Group 5 | 40 | ||
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) | “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York, “LMF” denotes LMF Commercial, LLC, “WFB” denotes Wells Fargo Bank, National Association and “LCF” denotes Ladder Capital Finance LLC. |
(2) | For mortgage loan #12 (501 3rd Street), the Number of Units includes 6,000 square feet of retail space and 6,000 square feet of storage and parking space. |
For mortgage loan #15 (122nd Street Portfolio), the Number of Units and Occupancy Rate are only based on residential units. The mortgaged property also includes 2,400 square feet of commercial space. Additionally, the Occupancy Rate for the residential space for July 2020 was approximately 91.7%. | |
For mortgage loan #16 (The Grid), the Number of Units and Occupancy Rate are only based on residential units. The mortgaged property also includes 58,572 square feet of commercial space. Additionally, the Occupancy Rate for the residential space for July 2020 was approximately 90.6%. | |
For mortgage loan #28 (Outback 98 West Storage), the Number of Units includes 13,614 square feet of retail space. The mortgaged property generates approximately 11.5% of its income from retail tenants and approximately 4.9% of its income from 16 enclosed parking spots. Additionally, the 2,100 square feet of leasing office is excluded from the aggregate square feet. | |
(3) | For mortgage loan #4 (DoubleTree New York Times Square West Leased Fee), the mortgage loan is secured by the borrower’s fee simple interest in a land parcel, beneath a 36-story, 612-room, full-service DoubleTree by Hilton located at 350 West 40th Street in Times Square, New York, New York. The borrower sponsor owned the mortgaged property entirely in fee before bifurcating the fee and leasehold interests at origination. The mortgaged property is held through the borrower’s leased fee interest under a ground lease which expires on October 31, 2068, whereby the borrower is the landlord and NYHK West 40 LLC, an affiliate of the borrower, is the tenant. The current annual ground rent is $5,400,000, subject to 1.0% annual increases beginning on the tenth anniversary of the lease commencement date. The borrower’s failure to enforce its remedies under the ground lease during an event of default thereunder is recourse to the borrower sponsor. Simultaneously with the origination of the mortgage loan, a mortgage loan secured by the leasehold interest (non-collateral), (the “Leasehold Mortgage Loan”) was provided by the related leasehold lender (the “Leasehold Mortgage Lender”) to the tenant. Collateral for the Leasehold Mortgage Loan also includes a pledge of 100.0% of the equity interests of the sole member in the borrower of the mortgage loan to the Leasehold Mortgage Lender. The Leasehold Mortgage Lender entered into an intercreditor agreement with the lender, pursuant to which (a) the Leasehold Mortgage Loan is subordinate to the mortgage loan and (b) the Leasehold Mortgage Lender is provided certain cure and purchase option rights with respect to the mortgage loan that are typically provided to mezzanine lenders. The underwritten information is based on the average annual ground lease payment due under the ground lease over the next 15-year period. Historical information is based on the “look-through” of the leasehold interest (non-collateral). |
(4) | For mortgage loan #11 (Konica Minolta Phase II), during any period when the related sole tenant, Konica Minolta Business Solutions U.S.A., Inc. (or any tenant under any replacement lease) (in any such case, if rated), and the related lease guarantor (or any guarantor of any replacement lease) have their respective senior unsecured debt ratings downgraded below an Investment Grade Rating, the mortgage loan will begin to amortize on a 30-year schedule as set forth under the related loan documents, but only for such time as their respective senior unsecured debt ratings remain below an Investment Grade Rating. An “Investment Grade Rating” means, with respect to the current related lease guarantor, a senior unsecured debt rating by Rating and Investment Information, Inc. and Japan Credit Rating Agency of at least |
the equivalent of a “BBB-” rating by S&P or, with respect to any other person, a senior unsecured debt rating of at least “BBB-” by S&P. | |
For mortgage loan #13 (TownePlace Suites Tacoma Lakewood), due to the COVID-19 pandemic, the borrower requested relief, and the borrower and the lender entered into a forbearance agreement. Pursuant to the forbearance agreement, the borrower deferred debt service payments for the months of May and June 2020. In July 2020, the borrower paid its full debt service payment for the month of July and paid full deferred accrued interests from May and June 2020. Due to the forbearance, the mortgage loan has a non-standard payment schedule: the mortgage loan amortizes two months (March and April 2020), pays interest-only for two months (May and June 2020) and then amortizes again for the rest of the mortgage loan term commencing in July 2020. | |
(5) | For mortgage loan #1 (PGH17 Self Storage Portfolio), the Appraised Value reflects an “as-is” bulk appraised value of $135,550,000, which includes a diversity premium based on the assumption that all of the mortgaged properties would be sold together as a portfolio. The Appraised Value assuming no portfolio level diversity premium is $118,970,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the $118,970,000 value are 78.2% and 71.8%, respectively. |
(6) | For mortgage loan #3 (Hilton Garden Inn – Goleta), UW Revenues are based on COVID-adjusted Most Recent financials, utilizing 2019 financials for March 2020 through June 2020. |
For mortgage loan #6 (Residence Inn – Fort Worth Cultural District), the mortgaged property was an acquisition and the lender was not able to obtain the February 2020 financials and Most Recent financials utilize February 2019 financials. | |
For mortgage loan #15 (122nd Street Portfolio), there were no property level financials as only portfolio level financials were available. | |
(7) | Certain tenants may not be in occupancy or may be in free rent periods. 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 the related mortgaged 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 #17 (Bass Pro – Birmingham), the sole tenant (148,971 square feet), representing 100.0% of the net rentable square feet, subleases 17,716 square feet of its premises to an affiliate, TMBC, L.L.C. The prime lease and sublease are coterminous with an expiration date of May 31, 2044. The sublessee is required to pay rent equal to the greater of the rent paid by the sublessor to the prime landlord for the portion of space that is subleased and the percentage of sales equal to the sum of (i) 2.1% of the combined gross sales with respect to (a) all sales of the marine retail department operations other than sales of non-core marine products and (b) all sales of the on-site boat service center facility servicing the marine retail department operations and (ii) 0.8% of gross sales with respect to the sale of non-core marine products. | |
For mortgage loan #18 (Chesapeake), the fourth largest tenant (49,008 square feet), representing 14.7% of the net rentable square feet, has taken occupancy of its space, but there are outstanding punch-list items that the borrower is required to complete before such tenant will commence rent payments. At origination, an amount equal to eight months of underwritten rent and reimbursements ($137,567) was reserved. The funds from this reserve will be disbursed when a clean estoppel is provided to the lender and such tenant confirms rent commencement. | |
For mortgage loan #22 (South Carolina Industrial Portfolio), the third largest tenant at the Tucapau Road mortgaged property (10,000 square feet), representing 3.8% of the net rentable |
square feet of the portfolio, has taken occupancy of its space and is required to commence rent payments on September 1, 2020. At origination, $7,500 was reserved for such free rent period. | |
(8) | 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 the 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 #18 (Chesapeake), the largest tenant (100,829 square feet), representing 30.1% of the net rentable square feet, may terminate its lease with 120 days’ written notice prior to the expiration of the lease term or any renewal term. The fifth largest tenant (40,320 square feet), representing 12.1% of the net rentable square feet, may terminate its lease commencing on August 1, 2021 if its government contract is terminated. | |
For mortgage loan #21 (570 Taxter Road), the largest tenant (14,237 square feet), representing 18.5% of the net rentable square feet, has a one-time right to terminate its lease effective as of June 30, 2024 upon 12 months’ prior written notice and payment of a $540,854 early termination fee. The second largest tenant (8,471 square feet), representing 11.0% of the net rentable square feet, may terminate its lease on or after January 31, 2025 with 12 months’ written prior notice and payment of an early termination fee equal to three months’ base rent for the three months following the cancellation date plus unamortized leasing costs, discounted at 7.0%. | |
For mortgage loan #29 (Old Meridian Professional Center), the fourth largest tenant (3,762 square feet), representing 9.5% of the net rentable square feet, has a one-time option to terminate on June 30, 2025 with 280 days’ prior notice and payment of a termination fee equal to the unamortized costs of the landlord’s work and brokerage fees paid in connection with the lease, amortized on a straight-line basis over 120 months. | |
For mortgage loan #32 (Commons at Southtowne IV), the fourth largest tenant (3,089 square feet), representing 5.1% of net rentable square feet, has the right to terminate its lease during the first option period, which is from December 1, 2017 through November 30, 2022, by providing 9 months’ prior written notice. | |
For mortgage loan #35 (Corner Plaza), the fifth largest tenant (800 square feet), representing 1.9% of net rentable square feet, may terminate its lease at any time after November 2022 upon providing 12 months’ prior written notice. | |
(9) | For mortgage loan #2 (Phoenix Industrial Portfolio IV), the third largest tenant at the Pawcatuck mortgaged property (33,622 square feet), representing 1.6% of the net rentable square feet of the portfolio, has multiple lease expiration dates. The tenant has 26,400 square feet expiring on October 31, 2021 and 7,222 square feet expiring on April 30, 2023. |
(10) | For mortgage loan #6 (Residence Inn – Fort Worth Cultural District), the borrower and lender entered into a forbearance agreement, dated April 10,2020, and a loan modification, dated April 30, 2020, providing for the following, among other things: (i) a debt service reserve in the amount of $400,000, which can be released to the borrower to the extent that property cash flows are insufficient to make monthly debt service payments; (ii) suspension of FF&E monthly deposits from May through October 2020 (approximately $73,308); resumption of FF&E monthly deposits in November 2020 for the duration of the loan term; and 24-month replenishment of the FF&E reserve funds by an additional $3,055 monthly beginning November 2020 and ending in October 2022; (iii) deferral of cash management testing through April 2021, and, when resumed, a 9.0% debt yield trigger (tested quarterly); (iv) if the Franchisor modifies the scope |
of required PIP work, transfer of any PIP reserve funds exceeding 100% of the estimated cost to the debt service reserve; and (v) the borrower’s obtaining a PPP loan subject to specified conditions. | |
(11) | For mortgage loan #3 (Hilton Garden Inn - Goleta), the Monthly Replacement Reserve will be 1/12th of 4% of gross annual revenue and may be reassessed by the lender. |
For mortgage loan #6 (Residence Inn – Fort Worth Cultural District), due to a loan modification, the Monthly FF&E reserves have been suspended from May through October 2020. An additional $3,055 Monthly FF&E reserve will be required from November 2020 through October 2022. Additionally, for the first 12 months of the loan term, the Monthly Replacement Reserve will be adjusted based on annual operating statements for the mortgaged property and will be the greater of the Monthly Replacement Reserves immediately prior to the adjustment and 1/12th of 2% of underwritten revenue from the prior fiscal year. After the first 12 months of the loan term, the Monthly Replacement Reserve will be adjusted based on annual operating statements for the mortgaged property and will be the greater of the Monthly Replacement Reserves immediately prior to the adjustment and 1/12th of 4% of underwritten revenue from the prior fiscal year. | |
For mortgage loan #13 (TownePlace Suites Tacoma Lakewood), the borrower is required to make monthly deposits into the replacement reserve in an amount equal to the greater of (A) (i) during the first year, 1/12th of 1.0% of gross income from operation during the calendar year immediately preceding the calendar year in which the payment date occurs, (ii) during the second year, 1/12th of 2.0% of gross income from operation during the calendar year immediately preceding the calendar year in which the payment date occurs, (iii) from and after the commencement of the third, an amount equal to 1/12th of 4.0% of gross income from operations during the calendar year immediately preceding the calendar year in which the payment date occurs and (B) the aggregate amount, if any, required to be reserved under the management agreement and the franchise agreement. | |
For mortgage loan #20 (TownePlace Suites – Macon), a monthly escrow for replacement reserves is required to be collected equal to 1/12th of 2.0% of total revenues for each monthly payment occurring on or prior to February 6, 2022 and then equal to 1/12th of 4.0% of total revenues for each monthly payment thereafter. Additionally, monthly reserves will be collected on each payment date occurring in April and May to cover shortfalls in the months of November and December. The amount will equal 50.0% of the amount by which (x) the product of (1) 125.0% and (2) the shortfall amount for the twelve-month period commencing in March of the preceding calendar year exceeds (y) the funds on deposit in the seasonality reserve. | |
(12) | For mortgage loan #2 (Phoenix Industrial Portfolio IV), $4,000,000 was reserved at origination and will be released to the related borrower if (i) as of the date the request for release is made, there is no default, event of default, material tenant trigger event or cash sweep trigger event, (ii) all leases at the Edgerton mortgaged property cover at least 90.0% of the rentable square feet at such mortgaged property; provided that any new leases at the Edgerton mortgaged property executed after the origination date of the mortgage loan will have a term of no less than five years, (iii) the borrowers have delivered written evidence that the debt yield based on the full outstanding principal balance of the related whole loan is not less than 9.3%, (iv) the borrowers have delivered written evidence that the LTV ratio based on the full outstanding principal balance of the related whole loan is not greater than 73.1% and (v) the borrowers have delivered a fully executed third amendment to the Cupertino Electric, Inc. lease or a new lease with similar terms. After all these conditions are satisfied and there is no active cash management trigger period, the funds will be disbursed to the borrower. All LTVs and Debt Yields are calculated assuming the mortgage loan amount net of the $4,000,000 achievement reserve. Based on the full outstanding principal balance of such mortgage loan, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield and U/W NCF Debt Yield are 79.9%, 68.8%, 10.3% and 9.3%, respectively. |
For mortgage loan #21 (570 Taxter Road), $1,275,000 was reserved at origination and will be released when, among other conditions, (i) occupancy at the mortgaged property reaches 93.0% and (ii) there is a debt yield of at least 9.1%. If these conditions are not satisfied on or |
before April 6, 2022, the reserve funds will be applied to prepay a portion of the mortgage loan with payment of a yield maintenance premium. However, if the debt yield is not at least 9.1% but all other conditions have been satisfied, a proportionate amount will be disbursed to the borrower based upon the achieved debt yield and the remaining amount will be applied to pay down the mortgage loan with payment of a yield maintenance premium. All LTVs and Debt Yields are calculated assuming the mortgage loan amount net of the $1,275,000 achievement reserve. Based on the full outstanding principal balance of such mortgage loan, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield and U/W NCF Debt Yield are 77.4%, 63.2%, 10.3% and 9.2%, respectively. | |
For mortgage loan #22 (South Carolina Industrial Portfolio), $1,250,000 was reserved at origination and will be released when, among other conditions, (i) the portfolio occupancy is equal to 100.0%, (ii) the portfolio debt yield and debt service coverage ratio based on the fully funded proceeds of $8,250,000 are equal to or greater than 10.1% and 1.63x, respectively, and (iii) the terms of the executed lease for the Tucapau Road mortgaged property are in line with market leasing terms and have a base rent of at least $3.25 per square foot on a triple net basis with at least a three-year lease term. If all of the conditions are not fully satisfied on or before the date that is two years from the closing date of this securitization, then the borrower is required to defease a portion of the mortgage loan equal to the amount of the available reserve funds, plus (i) all interest (without duplication) which would have accrued on the amount of the mortgage loan to be defeased through and including the last day of the interest period related to the monthly payment date next occurring following the date of such partial defeasance (or, if such partial defeasance occurs on a monthly payment date, through and including the last day of the interest period related to such monthly payment date), (ii) all reasonable out-of-pocket, third party costs and expenses actually incurred by the lender in connection with such partial defeasance and (iii) all other sums due and payable under the mortgage loan documents. All LTVs and Debt Yields are calculated assuming the mortgage loan amount net of the $1,250,000 achievement reserve. Based on the full outstanding principal balance of such mortgage loan, the Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI Debt Yield and U/W NCF Debt Yield are 59.7%, 48.6%, 9.2% and 8.8%, respectively. | |
(13) | For mortgage loan #20 (TownePlace Suites – Macon), the borrower’s interest in the mortgaged property is as lessee under a ground lease with a term that expires on August 7, 2065. Annual ground rent is $100 and remains flat for the remainder of the lease term. |
For mortgage loan #23 (Luxor Garden Apartments), the borrower’s interest in the mortgaged property is as lessee under a ground lease from Johnstown Housing Authority. The ground lease is dated July 2005 and terminates June 30, 2065. The rent payment is $4,000 per year, due annually in July. The ground lease specifies that a portion of the mortgaged property must be utilized for affordable housing. The lessee is responsible for all operating costs related to the leased land. | |
For mortgage loan #32 (Commons at Southtowne IV), the mortgaged property is subject to two ground leases with Don and Donna Steadman Family Enterprises, L.C., as the ground lessor; the first is dated as of February 1, 1998, has an expiration of February 28, 2050 with 5, 5-year extension options, and the second is dated as of April 20, 2004, has an expiration of December 31, 2048, with 5, 5-year extension options. The annual rents due under the ground leases currently are $318,850 and $62,451, respectively. | |
(14) | For mortgage loan #12 (501 3rd Street), the third and fourth largest tenants (12,000 square feet), representing 50.0% of net rentable square feet, are affiliated with the borrower. |
For mortgage loan #22 (South Carolina Industrial Portfolio), the sole tenant at the East Frontage Road mortgaged property (144,000 square feet), representing 55.2% of the net rentable square feet of the portfolio, is an affiliate of the borrower. |