FREE WRITING PROSPECTUS | ||
FILED PURSUANT TO RULE 433 | ||
REGISTRATION FILE NO.: 333-226486-19 | ||
WFCM 2021-C59 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herein is preliminary as of the date hereof, supersedes any such information previously delivered to you and will be superseded by any such information subsequently delivered and ultimately by the final prospectus relating to the securities.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.
This free writing prospectus has been prepared by the underwriters for information purposes only and does not constitute, in whole or in part, a prospectus for the purposes of (i) Regulation (EU) 2017/1129 (as amended), (ii) such Regulation as it forms part of UK domestic law, or (iii) Part VI of the UK Financial Services and Markets Act 2000, as amended; and does not constitute an offering document for any other purpose.
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Wells Fargo Securities, LLC, Barclays Capital Inc., UBS Securities LLC, Academy Securities, Inc., Drexel Hamilton, LLC, Siebert Williams Shank & Co., 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) |
1 | Two Penn Center | WFB | 1500 John F Kennedy Boulevard | Philadelphia | PA | 19102 | Office | |
2 | Amazon @ Atlas | AREF | 301 and 325 Eastlake Avenue East; 300 Yale Avenue North | Seattle | WA | 98109 | Office | |
3 | Tri-State Distribution Center | AREF | 225, 227 and 229 North Route 303 | West Nyack | NY | 10994 | Industrial | |
4 | Magna Seating HQ | Barclays | 30020 Cabot Drive | Novi | MI | 48377 | Office | |
5 | MGM Grand & Mandalay Bay | Barclays | Various | Las Vegas | NV | Various | Hospitality | |
5.01 | MGM Grand | Barclays | 3799 South Las Vegas Boulevard | Las Vegas | NV | 89109 | Hospitality | |
5.02 | Mandalay Bay | Barclays | 3950 South Las Vegas Boulevard | Las Vegas | NV | 89119 | Hospitality | |
6 | Seacrest Homes | BSPRT | 1309 West Sepulveda Boulevard | Torrance | CA | 90501 | Multifamily | |
7 | Phoenix Industrial Portfolio V | UBS AG | Various | Various | Various | Various | Industrial | |
7.01 | Newton | UBS AG | 801 North 19th Avenue East | Newton | IA | 50208 | Industrial | |
7.02 | Fort Smith | UBS AG | 6400 Jenny Lind Road | Fort Smith | AR | 72908 | Industrial | |
7.03 | Flint | UBS AG | 1101 North Center Road | Flint | MI | 48506 | Industrial | |
7.04 | Coffeyville | UBS AG | 2654 US-169 | Coffeyville | KS | 67337 | Industrial | |
8 | Consumer Cellular | WFB | 17500 North Black Canyon Highway | Phoenix | AZ | 85053 | Office | |
9 | 160 Pine Street | WFB | 160 Pine Street | San Francisco | CA | 94111 | Office | |
10 | Metairie MOB Portfolio | AREF | Various | Metairie | LA | 70006 | Various | |
10.01 | Independence Plaza | AREF | 4201 Veterans Memorial Boulevard | Metairie | LA | 70006 | Mixed Use | |
10.02 | 3530 Houma Boulevard | AREF | 3530 Houma Boulevard | Metairie | LA | 70006 | Office | |
11 | The Ratner | AREF | 1249 F Street | San Diego | CA | 92101 | Office | |
12 | Burke Town Center | LMF | 6030 and 6050 Burke Commons Road | Burke | VA | 22015 | Retail | |
13 | Southridge Center | LMF | 2700 Mountaineer Boulevard | Charleston | WV | 25309 | Retail | |
14 | 8800 Baymeadows | UBS AG | 8800 Baymeadows Way West | Jacksonville | FL | 32256 | Office | |
15 | Seaport Homes | BSPRT | 28000 South Western Avenue | San Pedro | CA | 90732 | Multifamily | |
16 | 2209 Sulphur Spring Road | AREF | 2209 Sulphur Spring Road | Halethorpe | MD | 21227 | Industrial | |
17 | Southeast G6 Portfolio | AREF | Various | Various | Various | Various | Hospitality | |
17.01 | Studio 6 Chamblee | AREF | 5280 Peachtree Industrial Boulevard | Chamblee | GA | 30341 | Hospitality | |
17.02 | Studio 6 Savannah | AREF | 60 West Montgomery Cross Road | Savannah | GA | 31406 | Hospitality | |
17.03 | Motel 6 Greenville | AREF | 2015 Wade Hampton Boulevard | Greenville | SC | 29615 | Hospitality | |
17.04 | Motel 6 / Studio 6 Augusta | AREF | 3421 Wrightsboro Road | Augusta | GA | 30909 | Hospitality | |
18 | Crescent Gateway | BSPRT | 6917, 6931, 6933 and 6937 Arlington Road | Bethesda | MD | 20814 | Mixed Use | |
19 | Herndon Square | BSPRT | 500, 505, 510, 520, 530 and 540 Huntmar Park Drive | Herndon | VA | 20170 | Office | |
20 | Aspen Court Apartments | LMF | 1505-1543 West Jackson Street, 400-430 West Etling Street/900-930 North Albert Street, 324-330 Wigwam Hollow Road, and 415 West Adams Street | Macomb | IL | 61455 | Multifamily | |
21 | Bensalem Plaza Shopping Center | LMF | 1903-1971 Street Road | Bensalem | PA | 19020 | Retail | |
22 | Athens West Shopping Center | AREF | 3190 Atlanta Highway | Athens | GA | 30606 | Retail | |
23 | Chico Mobile Country Club | LMF | 1901 Dayton Road | Chico | CA | 95928 | Manufactured Housing Community | |
24 | Allerand Portfolio 1 | LMF | Various | Various | Various | Various | Retail | |
24.01 | Walgreens Ironton | LMF | 715 Park Avenue | Ironton | OH | 45638 | Retail | |
24.02 | Rite Aid Holt | LMF | 2263 Cedar Street | Holt | MI | 48842 | Retail | |
24.03 | Walgreens Ashland | LMF | 607 England Street | Ashland | VA | 23005 | Retail | |
24.04 | Walgreens Stuarts Draft | LMF | 2596 Tinkling Spring Road | Stuarts Draft | VA | 24477 | Retail | |
24.05 | Walgreens Clay | LMF | 173 Main Street | Clay | WV | 25043 | Retail | |
24.06 | Walgreens Louisville | LMF | 4149 Taylor Boulevard | Louisville | KY | 40215 | Retail | |
24.07 | Rite Aid Fremont | LMF | 924 West Main Street | Fremont | MI | 49412 | Retail | |
24.08 | Rite Aid New Baltimore | LMF | 35350 23 Mile Road | New Baltimore | MI | 48047 | Retail | |
25 | Ontario Gateway | WFB | 2151 East Convention Center Way | Ontario | CA | 91764 | Office | |
26 | Cobble Hill Multifamily Portfolio | LMF | Various | Brooklyn | NY | 11201 | Mixed Use | |
26.01 | 181 Court Street | LMF | 181 Court Street | Brooklyn | NY | 11201 | Mixed Use | |
26.02 | 131 Smith Street | LMF | 131 Smith Street | Brooklyn | NY | 11201 | Mixed Use | |
27 | Walgreens Portfolio | UBS AG | Various | Various | Various | Various | Retail | |
27.01 | Walgreens-Santa Fe | UBS AG | 525 West Zia Road | Santa Fe | NM | 87505 | Retail | |
27.02 | Walgreens-Morehead City | UBS AG | 2202 Arendell Street | Morehead City | NC | 28557 | Retail | |
28 | Gateway Business Park | LMF | 27736 - 27788 Hancock Parkway | Valencia | CA | 91355 | Industrial | |
29 | Dearborn Industrial Portfolio | UBS AG | Various | Dearborn | MI | Various | Industrial | |
29.01 | 15000 North Commerce Drive | UBS AG | 15000 North Commerce Drive | Dearborn | MI | 48121 | Industrial | |
29.02 | 3001 Gulley Road | UBS AG | 3001 South Gulley Road | Dearborn | MI | 48124 | Industrial | |
29.03 | 15201 Century Drive | UBS AG | 15201 Century Drive | Dearborn | MI | 48124 | Industrial | |
29.04 | 15301 Century Drive | UBS AG | 15301 Century Drive | Dearborn | MI | 48121 | Industrial | |
29.05 | 15401 Century Drive | UBS AG | 15401 Century Drive | Dearborn | MI | 48121 | Industrial | |
29.06 | 15050 North Commerce Drive | UBS AG | 15050 North Commerce | Dearborn | MI | 48120 | Industrial | |
29.07 | 15300 Rotunda Drive | UBS AG | 15300 Rotunda Drive | Dearborn | MI | 48120 | Industrial | |
30 | Detroit Chassis | BSPRT | 6501 Lynch Road | Detroit | MI | 48234 | Industrial | |
31 | Goldman Multifamily Portfolio Tranche 5 | Barclays | Various | Chicago | IL | Various | Multifamily | |
31.01 | 7750 South Muskegon Avenue | Barclays | 7750 South Muskegon Avenue | Chicago | IL | 60649 | Multifamily | |
31.02 | 6437 South Kenwood Avenue | Barclays | 6437 South Kenwood Avenue | Chicago | IL | 60637 | Multifamily | |
31.03 | 7836 S. South Shore Drive | Barclays | 7836 S. South Shore Drive | Chicago | IL | 60649 | Multifamily | |
31.04 | 7810 South Ada Street | Barclays | 7810 South Ada Street | Chicago | IL | 60620 | Multifamily | |
31.05 | 7760 South Coles Avenue | Barclays | 7760 South Coles Avenue | Chicago | IL | 60649 | Multifamily | |
31.06 | 8000 South Justine Street | Barclays | 8000 South Justine Street | Chicago | IL | 60636 | Multifamily | |
31.07 | 8214 South Ingleside Avenue | Barclays | 8214 South Ingleside Avenue | Chicago | IL | 60619 | Multifamily | |
32 | The Loom | AREF | 2095 East Willard Street; 2100 East Willard Street; 3250-70 Amber Street | Philadelphia | PA | 19134 | Office | |
33 | Walgreens Bayamón | BSPRT | Bo Pajaros Carr 861 Km 3.1 | Bayamón | PR | 00956 | Retail | |
34 | Sedona Village | AREF | 160-180 Coffee Pot Drive | Sedona | AZ | 86336 | Retail | |
35 | Washington Street Storage Portfolio #2 | LMF | Various | Various | Various | Various | Self Storage | |
35.01 | Storage Mall Lex Park | LMF | 21323 Great Mills Road | Lexington Park | MD | 20653 | Self Storage | |
35.02 | Clarence Self Storage | LMF | 11234 Main Street | Newstead | NY | 14031 | Self Storage | |
35.03 | West Side Mini Storage | LMF | 3209 North Ridge Road West | Ashtabula | OH | 44004 | Self Storage | |
35.04 | Stor-Yor-Stuff | LMF | 3502 North Hermitage Road | Transfer | PA | 16154 | Self Storage | |
36 | The Shops at 407 & Corner Shoppes | UBS AG | Various | Fort Wayne | IN | 46805 | Retail | |
36.01 | Shops at 407 | UBS AG | 407 West Coliseum Boulevard | Fort Wayne | IN | 46805 | Retail | |
36.02 | Corner Shoppes | UBS AG | 401-407 East Coliseum Boulevard | Fort Wayne | IN | 46805 | Retail | |
37 | 10 Industrial Avenue | AREF | 10 Industrial Avenue | Mahwah | NJ | 07430 | Industrial | |
38 | Oak Park Michigan Storage | WFB | 15300 West 8 Mile Road | Oak Park | MI | 48237 | Self Storage | |
39 | Farmington Hills Michigan Storage | WFB | 39000 Grand River Avenue | Farmington Hills | MI | 48335 | Self Storage | |
40 | Haight & Fillmore Apartments | UBS AG | 486-498 Haight Street and 312-320 Fillmore Street | San Francisco | CA | 94117 | Multifamily | |
41 | GoodFriend Self Storage - East Harlem | LMF | 166 East 124th Street | New York | NY | 10035 | Other | |
42 | Whispering Palms Apartments | LMF | 13200 Wilcox Road | Largo | FL | 33774 | Multifamily | |
43 | Elite RV & Boat Storage | Barclays | 16461 Domestic Avenue | Fort Myers | FL | 33912 | Self Storage | |
44 | Arcadia Shopping Center | AREF | 23701 Cinco Ranch Boulevard | Katy | TX | 77494 | Retail | |
45 | Turtle Creek Apartments | AREF | 2116 West 2nd Street | Marion | IN | 46952 | Multifamily | |
46 | Walgreens-Burbank | UBS AG | 5555 West 79th Street | Burbank | IL | 60459 | Retail | |
47 | Village Circle Apartments | UBS AG | 2636 Mitthoeffer Road | Indianapolis | IN | 46229 | Multifamily | |
48 | CVS Portfolio | LMF | Various | Various | Various | Various | Retail | |
48.01 | CVS Highland | LMF | 3835 45th Street | Highland | IN | 46322 | Retail | |
48.02 | CVS Raytown | LMF | 9005 East 350 Highway | Raytown | MO | 64133 | Retail | |
49 | La Hacienda Apartments | LMF | 2100 North 57th Street | Kansas City | KS | 66104 | Multifamily | |
50 | 260 Centre Avenue | LMF | 260 Centre Avenue | New Rochelle | NY | 10805 | Multifamily | |
51 | Walgreens-Coralville | UBS AG | 2751 Heartland Drive | Coralville | IA | 52241 | Retail | |
52 | Outerbanks Portfolio | LMF | Various | Nags Head | NC | 27959 | Hospitality | |
52.01 | Colonial Inn | LMF | 3329 South Virginia Dare Trail | Nags Head | NC | 27959 | Hospitality | |
52.02 | Seahorse Inn | LMF | 7218 South Virginia Dare Trail | Nags Head | NC | 27959 | Hospitality | |
53 | Astoria Portfolio | UBS AG | 18-27A; 18-29; 18-31; 18-33 42nd Street | Astoria | NY | 11105 | Industrial | |
54 | Tramec Sloan Industrial Building | Barclays | 534 East 48th Street and 552 East 48th Street | Holland | MI | 49423 | Industrial | |
55 | Walgreens-Germantown | UBS AG | 9325 Poplar Avenue | Germantown | TN | 38138 | Retail | |
56 | Davita - Lakeport | UBS AG | 244 Peckham Court | Lakeport | CA | 95453 | Office | |
57 | Oak Park & Pecan Acres MHC Portfolio | LMF | Various | Various | LA | Various | Manufactured Housing Community | |
57.01 | Oak Park MHC | LMF | 13 Country Air Drive | Rayne | LA | 70578 | Manufactured Housing Community | |
57.02 | Pecan Acres MHC | LMF | 425 Toby Mouton Road | Duson | LA | 70529 | Manufactured Housing Community | |
58 | 850-860 Meridian Avenue | Barclays | 850-860 Meridian Avenue | Miami Beach | FL | 33139 | Multifamily | |
59 | Oakwood Flex Complex | BSPRT | 61-95 Oakwood Road | Lake Zurich | IL | 60047 | Mixed Use | |
60 | Peace River Village MHC | BSPRT | 2405 Florida Highway 60 | Bartow | FL | 33830 | Manufactured Housing Community | |
61 | StorQuest Phoenix - Bell Road | UBS AG | 3043 East Bell Road | Phoenix | AZ | 85032 | Self Storage | |
62 | Dunedin Mini Storage | LMF | 1891 and 1903 Main Street | Dunedin | FL | 34698 | Self Storage | |
63 | Dollar General Port Wentworth | BSPRT | 802 Crossgate Road | Port Wentworth | GA | 31407 | Retail | |
A-1-1
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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 | Maturity Date or ARD Balloon Payment ($) | ARD Loan | Origination Date | First Pay Date |
1 | Two Penn Center | CBD | 1956 | 1987 | 516,108 | Sq. Ft. | 132 | 67,900,000 | 67,900,000 | 8.2% | 67,900,000 | N | 4/9/2021 | 5/11/2021 |
2 | Amazon @ Atlas | CBD | 1971 | 2018 | 170,331 | Sq. Ft. | 284 | 48,400,000 | 48,400,000 | 5.9% | 48,400,000 | N | 2/3/2021 | 3/6/2021 |
3 | Tri-State Distribution Center | Warehouse Distribution | 2008 | 249,247 | Sq. Ft. | 165 | 41,000,000 | 41,000,000 | 5.0% | 41,000,000 | N | 3/17/2021 | 5/6/2021 | |
4 | Magna Seating HQ | Suburban | 2017 | 180,000 | Sq. Ft. | 209 | 37,700,000 | 37,700,000 | 4.6% | 37,700,000 | N | 3/31/2021 | 5/6/2021 | |
5 | MGM Grand & Mandalay Bay | Full Service | Various | 9,748 | Rooms | 167,645 | 36,500,000 | 36,500,000 | 4.4% | 36,500,000 | Y | 2/14/2020 | 4/5/2020 | |
5.01 | MGM Grand | Full Service | 1993 | 4,998 | Rooms | 19,892,500 | 19,892,500 | 2.4% | ||||||
5.02 | Mandalay Bay | Full Service | 1999 | 4,750 | Rooms | 16,607,500 | 16,607,500 | 2.0% | ||||||
6 | Seacrest Homes | Mid Rise | 2019 | 176 | Units | 272,727 | 30,000,000 | 30,000,000 | 3.6% | 30,000,000 | N | 4/5/2021 | 5/6/2021 | |
7 | Phoenix Industrial Portfolio V | Warehouse Distribution | Various | Various | 4,421,618 | Sq. Ft. | 21 | 30,000,000 | 29,774,501 | 3.6% | 23,583,153 | N | 11/24/2020 | 1/6/2021 |
7.01 | Newton | Warehouse Distribution | 1948 | 2019 | 1,850,001 | Sq. Ft. | 11,052,632 | 10,969,553 | 1.3% | |||||
7.02 | Fort Smith | Warehouse Distribution | 1962 | 2019 | 1,196,746 | Sq. Ft. | 9,473,684 | 9,402,474 | 1.1% | |||||
7.03 | Flint | Warehouse Distribution | 1960 | 2020 | 495,271 | Sq. Ft. | 6,315,789 | 6,268,316 | 0.8% | |||||
7.04 | Coffeyville | Warehouse Distribution | 1978 | 1999 | 879,600 | Sq. Ft. | 3,157,895 | 3,134,158 | 0.4% | |||||
8 | Consumer Cellular | Suburban | 1988 | 2018 | 163,607 | Sq. Ft. | 168 | 27,500,000 | 27,500,000 | 3.3% | 27,500,000 | N | 3/30/2021 | 5/11/2021 |
9 | 160 Pine Street | CBD | 1956 | 1987 | 88,174 | Sq. Ft. | 308 | 27,170,000 | 27,170,000 | 3.3% | 27,170,000 | N | 3/5/2021 | 4/11/2021 |
10 | Metairie MOB Portfolio | Various | Various | Various | 85,465 | Sq. Ft. | 298 | 25,500,000 | 25,437,640 | 3.1% | 20,712,619 | N | 2/12/2021 | 4/6/2021 |
10.01 | Independence Plaza | Office/Retail | 1979 | 2020 | 52,613 | Sq. Ft. | 15,153,141 | 15,116,085 | 1.8% | |||||
10.02 | 3530 Houma Boulevard | Medical | 2013 | 2018 | 32,852 | Sq. Ft. | 10,346,859 | 10,321,556 | 1.2% | |||||
11 | The Ratner | CBD | 1924 | 146,805 | Sq. Ft. | 167 | 24,500,000 | 24,500,000 | 3.0% | 24,500,000 | N | 3/30/2021 | 5/6/2021 | |
12 | Burke Town Center | Shadow Anchored | 1983 | 38,237 | Sq. Ft. | 575 | 22,000,000 | 22,000,000 | 2.7% | 19,354,110 | N | 1/28/2021 | 3/6/2021 | |
13 | Southridge Center | Anchored | 1993 | 497,242 | Sq. Ft. | 41 | 20,500,000 | 20,500,000 | 2.5% | 20,500,000 | N | 3/12/2021 | 5/6/2021 | |
14 | 8800 Baymeadows | Suburban | 1993 | 219,457 | Sq. Ft. | 83 | 18,200,000 | 18,131,297 | 2.2% | 16,777,618 | N | 1/29/2021 | 3/6/2021 | |
15 | Seaport Homes | Mid Rise | 2008 | 136 | Units | 235,294 | 18,000,000 | 18,000,000 | 2.2% | 18,000,000 | N | 2/3/2021 | 3/6/2021 | |
16 | 2209 Sulphur Spring Road | Warehouse | 1960 | 2018 | 313,000 | Sq. Ft. | 53 | 16,737,500 | 16,737,500 | 2.0% | 16,737,500 | N | 2/23/2021 | 4/6/2021 |
17 | Southeast G6 Portfolio | Extended Stay | Various | Various | 596 | Rooms | 26,811 | 16,000,000 | 15,979,272 | 1.9% | 12,975,378 | N | 4/1/2021 | 5/6/2021 |
17.01 | Studio 6 Chamblee | Extended Stay | 2002 | 2015 | 120 | Rooms | 4,700,000 | 4,693,911 | 0.6% | |||||
17.02 | Studio 6 Savannah | Extended Stay | 2000 | 2016 | 156 | Rooms | 4,150,000 | 4,144,624 | 0.5% | |||||
17.03 | Motel 6 Greenville | Extended Stay | 2000 | 2016 | 156 | Rooms | 4,000,000 | 3,994,818 | 0.5% | |||||
17.04 | Motel 6 / Studio 6 Augusta | Extended Stay | 1999 | 2015 | 164 | Rooms | 3,150,000 | 3,145,919 | 0.4% | |||||
18 | Crescent Gateway | Office/Retail | 1960;1984 | 2012 | 144,729 | Sq. Ft. | 330 | 16,000,000 | 15,929,166 | 1.9% | 12,720,825 | N | 2/3/2021 | 3/6/2021 |
19 | Herndon Square | Suburban | 1988 | 263,507 | Sq. Ft. | 116 | 15,500,000 | 15,477,747 | 1.9% | 12,321,151 | N | 3/24/2021 | 5/6/2021 | |
20 | Aspen Court Apartments | Garden | 2001 | 2021 | 329 | Units | 43,414 | 14,300,000 | 14,283,133 | 1.7% | 11,794,765 | N | 3/18/2021 | 5/6/2021 |
21 | Bensalem Plaza Shopping Center | Anchored | 1972 | 109,117 | Sq. Ft. | 114 | 12,500,000 | 12,433,186 | 1.5% | 10,086,910 | N | 12/11/2020 | 2/6/2021 | |
22 | Athens West Shopping Center | Anchored | 1988 | 2007 | 178,390 | Sq. Ft. | 65 | 12,100,000 | 11,627,611 | 1.4% | 9,257,364 | N | 2/4/2020 | 3/6/2020 |
23 | Chico Mobile Country Club | Manufactured Housing Community | 1972 | 178 | Pads | 62,921 | 11,200,000 | 11,200,000 | 1.4% | 11,200,000 | N | 3/10/2021 | 4/6/2021 | |
24 | Allerand Portfolio 1 | Single Tenant | Various | 88,273 | Sq. Ft. | 125 | 11,110,000 | 11,035,926 | 1.3% | 8,941,012 | N | 12/2/2020 | 1/6/2021 | |
24.01 | Walgreens Ironton | Single Tenant | 1997 | 11,166 | Sq. Ft. | 1,850,000 | 1,837,665 | 0.2% | ||||||
24.02 | Rite Aid Holt | Single Tenant | 1998 | 11,060 | Sq. Ft. | 1,830,000 | 1,817,799 | 0.2% | ||||||
24.03 | Walgreens Ashland | Single Tenant | 1998 | 10,663 | Sq. Ft. | 1,750,000 | 1,738,332 | 0.2% | ||||||
24.04 | Walgreens Stuarts Draft | Single Tenant | 1998 | 11,055 | Sq. Ft. | 1,300,000 | 1,291,332 | 0.2% | ||||||
24.05 | Walgreens Clay | Single Tenant | 1998 | 11,225 | Sq. Ft. | 1,200,000 | 1,191,999 | 0.1% | ||||||
24.06 | Walgreens Louisville | Single Tenant | 1998 | 10,912 | Sq. Ft. | 1,150,000 | 1,142,333 | 0.1% | ||||||
24.07 | Rite Aid Fremont | Single Tenant | 1997 | 11,092 | Sq. Ft. | 1,030,000 | 1,023,133 | 0.1% | ||||||
24.08 | Rite Aid New Baltimore | Single Tenant | 1998 | 11,100 | Sq. Ft. | 1,000,000 | 993,333 | 0.1% | ||||||
25 | Ontario Gateway | Suburban | 1984 | 2020 | 77,903 | Sq. Ft. | 135 | 10,500,000 | 10,500,000 | 1.3% | 9,034,704 | N | 3/25/2021 | 5/11/2021 |
26 | Cobble Hill Multifamily Portfolio | Multifamily/Retail | 1900 | 2020 | 10,545 | Sq. Ft. | 977 | 10,300,000 | 10,300,000 | 1.2% | 9,373,940 | N | 2/11/2021 | 3/6/2021 |
26.01 | 181 Court Street | Multifamily/Retail | 1900 | 2020 | 5,895 | Sq. Ft. | 5,150,000 | 5,150,000 | 0.6% | |||||
26.02 | 131 Smith Street | Multifamily/Retail | 1900 | 2020 | 4,650 | Sq. Ft. | 5,150,000 | 5,150,000 | 0.6% | |||||
27 | Walgreens Portfolio | Single Tenant | Various | 28,215 | Sq. Ft. | 363 | 10,228,000 | 10,228,000 | 1.2% | 10,228,000 | N | 2/26/2021 | 4/6/2021 | |
27.01 | Walgreens-Santa Fe | Single Tenant | 2002 | 13,804 | Sq. Ft. | 5,800,000 | 5,800,000 | 0.7% | ||||||
27.02 | Walgreens-Morehead City | Single Tenant | 2006 | 14,411 | Sq. Ft. | 4,428,000 | 4,428,000 | 0.5% | ||||||
28 | Gateway Business Park | Warehouse | 2019 | 83,496 | Sq. Ft. | 120 | 10,000,000 | 9,979,605 | 1.2% | 7,104,692 | N | 3/25/2021 | 5/6/2021 | |
29 | Dearborn Industrial Portfolio | Flex | Various | Various | 277,953 | Sq. Ft. | 33 | 9,200,000 | 9,174,090 | 1.1% | 7,288,188 | N | 2/16/2021 | 4/6/2021 |
29.01 | 15000 North Commerce Drive | Flex | 1986 | 53,400 | Sq. Ft. | 2,471,332 | 2,464,372 | 0.3% | ||||||
29.02 | 3001 Gulley Road | Flex | 1988 | 40,350 | Sq. Ft. | 2,090,594 | 2,084,706 | 0.3% | ||||||
29.03 | 15201 Century Drive | Flex | 1983 | 2002 | 38,400 | Sq. Ft. | 1,917,532 | 1,912,132 | 0.2% | |||||
29.04 | 15301 Century Drive | Flex | 1974 | 35,963 | Sq. Ft. | 1,654,477 | 1,649,817 | 0.2% | ||||||
29.05 | 15401 Century Drive | Flex | 1973 | 21,600 | Sq. Ft. | 1,066,065 | 1,063,063 | 0.1% | ||||||
29.06 | 15050 North Commerce Drive | Flex | 1986 | 52,200 | Sq. Ft. | 0 | 0 | 0.0% | ||||||
29.07 | 15300 Rotunda Drive | Flex | 1974 | 36,040 | Sq. Ft. | 0 | 0 | 0.0% | ||||||
30 | Detroit Chassis | Manufacturing | 1999 | 219,993 | Sq. Ft. | 41 | 9,050,000 | 9,000,307 | 1.1% | 7,264,941 | N | 12/11/2020 | 2/6/2021 | |
31 | Goldman Multifamily Portfolio Tranche 5 | Low Rise | Various | 2020 | 151 | Units | 59,603 | 9,000,000 | 9,000,000 | 1.1% | 7,573,086 | N | 3/16/2021 | 5/6/2021 |
31.01 | 7750 South Muskegon Avenue | Low Rise | 1928 | 2020 | 47 | Units | 2,600,000 | 2,600,000 | 0.3% | |||||
31.02 | 6437 South Kenwood Avenue | Low Rise | 1915 | 2020 | 25 | Units | 1,725,000 | 1,725,000 | 0.2% | |||||
31.03 | 7836 S. South Shore Drive | Low Rise | 1929 | 2020 | 29 | Units | 1,650,000 | 1,650,000 | 0.2% | |||||
31.04 | 7810 South Ada Street | Low Rise | 1925 | 2020 | 13 | Units | 925,000 | 925,000 | 0.1% | |||||
31.05 | 7760 South Coles Avenue | Low Rise | 1963 | 2020 | 13 | Units | 875,000 | 875,000 | 0.1% | |||||
31.06 | 8000 South Justine Street | Low Rise | 1923 | 2020 | 12 | Units | 650,000 | 650,000 | 0.1% | |||||
31.07 | 8214 South Ingleside Avenue | Low Rise | 1926 | 2020 | 12 | Units | 575,000 | 575,000 | 0.1% | |||||
32 | The Loom | Urban | 1875 | 2012 | 185,793 | Sq. Ft. | 45 | 8,300,000 | 8,300,000 | 1.0% | 6,794,554 | N | 3/31/2021 | 5/6/2021 |
33 | Walgreens Bayamón | Single Tenant | 2015 | 15,660 | Sq. Ft. | 489 | 7,660,000 | 7,660,000 | 0.9% | 7,660,000 | N | 3/15/2021 | 5/6/2021 | |
34 | Sedona Village | Anchored | 1990 | 125,407 | Sq. Ft. | 60 | 7,550,000 | 7,550,000 | 0.9% | 7,550,000 | N | 4/7/2021 | 6/6/2021 | |
35 | Washington Street Storage Portfolio #2 | Self Storage | Various | Various | 131,650 | Sq. Ft. | 55 | 7,250,000 | 7,250,000 | 0.9% | 6,628,055 | N | 3/23/2021 | 5/6/2021 |
35.01 | Storage Mall Lex Park | Self Storage | 1984 | 29,375 | Sq. Ft. | 2,200,000 | 2,200,000 | 0.3% | ||||||
35.02 | Clarence Self Storage | Self Storage | 1966 | 2015 | 22,575 | Sq. Ft. | 2,200,000 | 2,200,000 | 0.3% | |||||
35.03 | West Side Mini Storage | Self Storage | 1995 | 2020 | 46,800 | Sq. Ft. | 1,850,000 | 1,850,000 | 0.2% | |||||
35.04 | Stor-Yor-Stuff | Self Storage | 1995 | 2016 | 32,900 | Sq. Ft. | 1,000,000 | 1,000,000 | 0.1% | |||||
36 | The Shops at 407 & Corner Shoppes | Unanchored | Various | Various | 27,210 | Sq. Ft. | 258 | 7,020,000 | 7,020,000 | 0.8% | 6,408,653 | N | 2/25/2021 | 4/6/2021 |
36.01 | Shops at 407 | Unanchored | 2019 | 14,271 | Sq. Ft. | 4,070,000 | 4,070,000 | 0.5% | ||||||
36.02 | Corner Shoppes | Unanchored | 1972 | 2018 | 12,939 | Sq. Ft. | 2,950,000 | 2,950,000 | 0.4% | |||||
37 | 10 Industrial Avenue | Flex | 1988 | 2020 | 91,808 | Sq. Ft. | 76 | 7,000,000 | 7,000,000 | 0.8% | 7,000,000 | N | 2/12/2021 | 4/6/2021 |
38 | Oak Park Michigan Storage | Self Storage | 1964 | 84,490 | Sq. Ft. | 83 | 7,000,000 | 7,000,000 | 0.8% | 6,331,746 | N | 3/26/2021 | 5/11/2021 | |
39 | Farmington Hills Michigan Storage | Self Storage | 2004 | 85,731 | Sq. Ft. | 82 | 7,000,000 | 7,000,000 | 0.8% | 6,331,746 | N | 3/26/2021 | 5/11/2021 | |
40 | Haight & Fillmore Apartments | Mid Rise | 1925 | 2019 | 25 | Units | 268,000 | 6,700,000 | 6,700,000 | 0.8% | 6,700,000 | N | 3/26/2021 | 5/6/2021 |
41 | GoodFriend Self Storage - East Harlem | Leased Fee | 1891 | 2019 | 31,131 | Sq. Ft. | 209 | 6,500,000 | 6,500,000 | 0.8% | 6,500,000 | N | 2/10/2021 | 3/6/2021 |
42 | Whispering Palms Apartments | Garden | 1985 | 2020 | 64 | Units | 96,875 | 6,200,000 | 6,200,000 | 0.8% | 5,697,178 | N | 3/3/2021 | 4/6/2021 |
43 | Elite RV & Boat Storage | Self Storage | 2019 | 255 | Pads | 22,941 | 5,850,000 | 5,850,000 | 0.7% | 5,344,422 | N | 3/11/2021 | 5/6/2021 | |
44 | Arcadia Shopping Center | Unanchored | 2008 | 22,400 | Sq. Ft. | 259 | 5,800,000 | 5,800,000 | 0.7% | 5,800,000 | N | 3/31/2021 | 5/6/2021 | |
45 | Turtle Creek Apartments | Garden | 1975 | 130 | Units | 41,866 | 5,450,000 | 5,442,518 | 0.7% | 4,371,038 | N | 3/23/2021 | 5/6/2021 | |
46 | Walgreens-Burbank | Single Tenant | 2013 | 14,820 | Sq. Ft. | 364 | 5,400,000 | 5,400,000 | 0.7% | 5,400,000 | Y | 2/16/2021 | 4/6/2021 | |
47 | Village Circle Apartments | Garden | 1982 | 115 | Units | 45,881 | 5,300,000 | 5,276,277 | 0.6% | 4,203,749 | N | 2/5/2021 | 3/6/2021 | |
48 | CVS Portfolio | Single Tenant | Various | 33,718 | Sq. Ft. | 151 | 5,100,000 | 5,100,000 | 0.6% | 5,100,000 | N | 2/26/2021 | 4/6/2021 | |
48.01 | CVS Highland | Single Tenant | 1998 | 16,854 | Sq. Ft. | 2,750,000 | 2,750,000 | 0.3% | ||||||
48.02 | CVS Raytown | Single Tenant | 1997 | 16,864 | Sq. Ft. | 2,350,000 | 2,350,000 | 0.3% | ||||||
49 | La Hacienda Apartments | Garden | 1972 | 2020 | 124 | Units | 40,625 | 5,050,000 | 5,037,487 | 0.6% | 4,092,842 | N | 3/5/2021 | 4/6/2021 |
50 | 260 Centre Avenue | Mid Rise | 1965 | 2012 | 31 | Units | 153,226 | 4,750,000 | 4,750,000 | 0.6% | 4,750,000 | N | 3/15/2021 | 5/6/2021 |
51 | Walgreens-Coralville | Single Tenant | 2008 | 14,759 | Sq. Ft. | 295 | 4,350,000 | 4,350,000 | 0.5% | 4,350,000 | N | 2/26/2021 | 4/6/2021 | |
52 | Outerbanks Portfolio | Limited Service | Various | Various | 76 | Rooms | 56,493 | 4,300,000 | 4,293,503 | 0.5% | 3,295,882 | N | 3/26/2021 | 5/6/2021 |
52.01 | Colonial Inn | Limited Service | 1947 | 2020 | 39 | Rooms | 2,500,000 | 2,496,223 | 0.3% | |||||
52.02 | Seahorse Inn | Limited Service | 1970 | 2019 | 37 | Rooms | 1,800,000 | 1,797,280 | 0.2% | |||||
53 | Astoria Portfolio | Warehouse Distribution | 2020 | 17,636 | Sq. Ft. | 218 | 3,850,000 | 3,850,000 | 0.5% | 3,520,711 | N | 3/31/2021 | 5/6/2021 | |
54 | Tramec Sloan Industrial Building | Manufacturing | 1981 | 109,954 | Sq. Ft. | 31 | 3,425,000 | 3,420,321 | 0.4% | 2,749,544 | N | 3/31/2021 | 5/6/2021 | |
55 | Walgreens-Germantown | Single Tenant | 1999 | 13,819 | Sq. Ft. | 224 | 3,100,000 | 3,100,000 | 0.4% | 3,100,000 | N | 2/26/2021 | 4/6/2021 | |
56 | Davita - Lakeport | Medical | 2019 | 11,026 | Sq. Ft. | 259 | 2,857,000 | 2,857,000 | 0.3% | 2,857,000 | N | 12/23/2019 | 2/6/2020 | |
57 | Oak Park & Pecan Acres MHC Portfolio | Manufactured Housing Community | 1970 | 147 | Pads | 18,052 | 2,700,000 | 2,653,570 | 0.3% | 2,175,283 | N | 3/12/2020 | 5/11/2020 | |
57.01 | Oak Park MHC | Manufactured Housing Community | 1970 | 82 | Pads | 1,470,000 | 1,444,722 | 0.2% | ||||||
57.02 | Pecan Acres MHC | Manufactured Housing Community | 1970 | 65 | Pads | 1,230,000 | 1,208,849 | 0.1% | ||||||
58 | 850-860 Meridian Avenue | Garden | 1952 | 2020 | 20 | Units | 131,250 | 2,625,000 | 2,625,000 | 0.3% | 2,625,000 | N | 4/5/2021 | 5/6/2021 |
59 | Oakwood Flex Complex | Industrial/Office | 1989 | 57,755 | Sq. Ft. | 45 | 2,625,000 | 2,617,996 | 0.3% | 2,100,245 | N | 2/24/2021 | 4/6/2021 | |
60 | Peace River Village MHC | Manufactured Housing Community | 1957 | 119 | Pads | 20,487 | 2,450,000 | 2,437,912 | 0.3% | 1,881,757 | N | 1/29/2021 | 3/6/2021 | |
61 | StorQuest Phoenix - Bell Road | Self Storage | 1976 | 39,520 | Sq. Ft. | 58 | 2,275,000 | 2,275,000 | 0.3% | 2,275,000 | N | 12/17/2020 | 2/6/2021 | |
62 | Dunedin Mini Storage | Self Storage | 1984 | 29,117 | Sq. Ft. | 73 | 2,137,500 | 2,137,500 | 0.3% | 1,871,227 | N | 3/12/2020 | 5/11/2020 | |
63 | Dollar General Port Wentworth | Single Tenant | 2020 | 9,071 | Sq. Ft. | 132 | 1,200,000 | 1,200,000 | 0.1% | 1,098,325 | N | 2/11/2021 | 4/6/2021 | |
A-1-2
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 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 ($) |
1 | Two Penn Center | 4/11/2031 | 4/11/2031 | 3.26800% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.25140% | Actual/360 | 187,482.59 | ||
2 | Amazon @ Atlas | 2/6/2031 | 2/6/2031 | 2.40500% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 2.38840% | Actual/360 | 98,348.91 | ||
3 | Tri-State Distribution Center | 4/6/2031 | 4/6/2031 | 4.77500% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.75840% | Actual/360 | 165,411.75 | ||
4 | Magna Seating HQ | 4/6/2031 | 4/6/2031 | 3.51000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.49340% | Actual/360 | 111,804.06 | ||
5 | MGM Grand & Mandalay Bay | 3/5/2030 | 3/5/2030 | 3/5/2032 | 3.55800% | 0.00178% | 0.00902% | 0.00313% | 0.00050% | 0.00030% | 3.54328% | Actual/360 | 109,725.59 | |
5.01 | MGM Grand | |||||||||||||
5.02 | Mandalay Bay | |||||||||||||
6 | Seacrest Homes | 4/6/2031 | 4/6/2031 | 3.89000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.87340% | Actual/360 | 98,600.69 | ||
7 | Phoenix Industrial Portfolio V | 1/6/2021 | 12/6/2030 | 3.71750% | 0.00178% | 0.00902% | 0.00375% | 0.00050% | 0.00030% | 3.70215% | Actual/360 | 138,382.01 | ||
7.01 | Newton | |||||||||||||
7.02 | Fort Smith | |||||||||||||
7.03 | Flint | |||||||||||||
7.04 | Coffeyville | |||||||||||||
8 | Consumer Cellular | 4/11/2031 | 4/11/2031 | 4.47400% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.45740% | Actual/360 | 103,953.18 | ||
9 | 160 Pine Street | 3/11/2031 | 3/11/2031 | 3.58400% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.56740% | Actual/360 | 82,274.79 | ||
10 | Metairie MOB Portfolio | 4/6/2021 | 3/6/2031 | 4.63500% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.61840% | Actual/360 | 131,258.23 | ||
10.01 | Independence Plaza | |||||||||||||
10.02 | 3530 Houma Boulevard | |||||||||||||
11 | The Ratner | 4/6/2028 | 4/6/2028 | 4.04500% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.02840% | Actual/360 | 83,732.44 | ||
12 | Burke Town Center | 2/6/2024 | 3/6/2024 | 2/6/2031 | 4.72000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.70340% | Actual/360 | 114,364.93 | |
13 | Southridge Center | 4/6/2031 | 4/6/2031 | 3.99000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.97340% | Actual/360 | 69,109.20 | ||
14 | 8800 Baymeadows | 3/6/2021 | 2/6/2026 | 4.97750% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.96090% | Actual/360 | 97,451.42 | ||
15 | Seaport Homes | 2/6/2031 | 2/6/2031 | 3.35000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.33340% | Actual/360 | 50,947.92 | ||
16 | 2209 Sulphur Spring Road | 3/6/2031 | 3/6/2031 | 4.15000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.13340% | Actual/360 | 58,687.80 | ||
17 | Southeast G6 Portfolio | 5/6/2021 | 4/6/2031 | 4.59000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.57340% | Actual/360 | 81,927.51 | ||
17.01 | Studio 6 Chamblee | |||||||||||||
17.02 | Studio 6 Savannah | |||||||||||||
17.03 | Motel 6 Greenville | |||||||||||||
17.04 | Motel 6 / Studio 6 Augusta | |||||||||||||
18 | Crescent Gateway | 3/6/2021 | 2/6/2031 | 4.03000% | 0.00178% | 0.00902% | 0.00375% | 0.00050% | 0.00030% | 4.01465% | Actual/360 | 76,663.44 | ||
19 | Herndon Square | 5/6/2021 | 4/6/2031 | 4.02000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.00340% | Actual/360 | 74,178.20 | ||
20 | Aspen Court Apartments | 5/6/2021 | 4/6/2031 | 5.10000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 5.08340% | Actual/360 | 77,641.82 | ||
21 | Bensalem Plaza Shopping Center | 2/6/2021 | 1/6/2031 | 4.45000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.43340% | Actual/360 | 62,964.85 | ||
22 | Athens West Shopping Center | 3/6/2020 | 2/6/2030 | 3.90000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.88340% | Actual/360 | 57,071.85 | ||
23 | Chico Mobile Country Club | 3/6/2031 | 3/6/2031 | 3.79000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.77340% | Actual/360 | 35,864.63 | ||
24 | Allerand Portfolio 1 | 1/6/2021 | 12/6/2030 | 4.37000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.35340% | Actual/360 | 55,437.83 | ||
24.01 | Walgreens Ironton | |||||||||||||
24.02 | Rite Aid Holt | |||||||||||||
24.03 | Walgreens Ashland | |||||||||||||
24.04 | Walgreens Stuarts Draft | |||||||||||||
24.05 | Walgreens Clay | |||||||||||||
24.06 | Walgreens Louisville | |||||||||||||
24.07 | Rite Aid Fremont | |||||||||||||
24.08 | Rite Aid New Baltimore | |||||||||||||
25 | Ontario Gateway | 4/11/2024 | 5/11/2024 | 4/11/2031 | 3.78900% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.77240% | Actual/360 | 48,859.79 | |
26 | Cobble Hill Multifamily Portfolio | 2/6/2026 | 3/6/2026 | 2/6/2031 | 4.17000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.15340% | Actual/360 | 50,188.58 | |
26.01 | 181 Court Street | |||||||||||||
26.02 | 131 Smith Street | |||||||||||||
27 | Walgreens Portfolio | 3/6/2031 | 3/6/2031 | 4.09800% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.08140% | Actual/360 | 35,413.74 | ||
27.01 | Walgreens-Santa Fe | |||||||||||||
27.02 | Walgreens-Morehead City | |||||||||||||
28 | Gateway Business Park | 5/6/2021 | 4/6/2031 | 3.67000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.65340% | Actual/360 | 50,978.71 | ||
29 | Dearborn Industrial Portfolio | 4/6/2021 | 3/6/2031 | 3.92400% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.90740% | Actual/360 | 43,520.07 | ||
29.01 | 15000 North Commerce Drive | |||||||||||||
29.02 | 3001 Gulley Road | |||||||||||||
29.03 | 15201 Century Drive | |||||||||||||
29.04 | 15301 Century Drive | |||||||||||||
29.05 | 15401 Century Drive | |||||||||||||
29.06 | 15050 North Commerce Drive | |||||||||||||
29.07 | 15300 Rotunda Drive | |||||||||||||
30 | Detroit Chassis | 2/6/2021 | 1/6/2031 | 4.30000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.28340% | Actual/360 | 44,785.87 | ||
31 | Goldman Multifamily Portfolio Tranche 5 | 4/6/2023 | 5/6/2023 | 4/6/2031 | 3.95800% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.94140% | Actual/360 | 42,749.74 | |
31.01 | 7750 South Muskegon Avenue | |||||||||||||
31.02 | 6437 South Kenwood Avenue | |||||||||||||
31.03 | 7836 S. South Shore Drive | |||||||||||||
31.04 | 7810 South Ada Street | |||||||||||||
31.05 | 7760 South Coles Avenue | |||||||||||||
31.06 | 8000 South Justine Street | |||||||||||||
31.07 | 8214 South Ingleside Avenue | |||||||||||||
32 | The Loom | 4/6/2022 | 5/6/2022 | 4/6/2031 | 3.99000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.97340% | Actual/360 | 39,577.63 | |
33 | Walgreens Bayamón | 4/6/2031 | 4/6/2031 | 4.41000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.39340% | Actual/360 | 28,541.48 | ||
34 | Sedona Village | 5/6/2031 | 5/6/2031 | 3.91000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.89340% | Actual/360 | 24,942.09 | ||
35 | Washington Street Storage Portfolio #2 | 4/6/2026 | 5/6/2026 | 4/6/2031 | 4.44000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.42340% | Actual/360 | 36,476.67 | |
35.01 | Storage Mall Lex Park | |||||||||||||
35.02 | Clarence Self Storage | |||||||||||||
35.03 | West Side Mini Storage | |||||||||||||
35.04 | Stor-Yor-Stuff | |||||||||||||
36 | The Shops at 407 & Corner Shoppes | 3/6/2026 | 4/6/2026 | 3/6/2031 | 4.35100% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.33440% | Actual/360 | 34,950.52 | |
36.01 | Shops at 407 | |||||||||||||
36.02 | Corner Shoppes | |||||||||||||
37 | 10 Industrial Avenue | 3/6/2031 | 3/6/2031 | 3.81000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.79340% | Actual/360 | 22,533.68 | ||
38 | Oak Park Michigan Storage | 4/11/2026 | 5/11/2026 | 4/11/2031 | 3.80700% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.79040% | Actual/360 | 32,644.91 | |
39 | Farmington Hills Michigan Storage | 4/11/2026 | 5/11/2026 | 4/11/2031 | 3.80700% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.79040% | Actual/360 | 32,644.91 | |
40 | Haight & Fillmore Apartments | 4/6/2031 | 4/6/2031 | 4.15830% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.14170% | Actual/360 | 23,539.64 | ||
41 | GoodFriend Self Storage - East Harlem | 2/6/2031 | 2/6/2031 | 4.72000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.70340% | Actual/360 | 25,921.76 | ||
42 | Whispering Palms Apartments | 3/6/2026 | 4/6/2026 | 3/6/2031 | 4.76000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.74340% | Actual/360 | 32,379.52 | |
43 | Elite RV & Boat Storage | 4/6/2026 | 5/6/2026 | 4/6/2031 | 4.39700% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.38040% | Actual/360 | 29,284.15 | |
44 | Arcadia Shopping Center | 4/6/2031 | 4/6/2031 | 4.00000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.98340% | Actual/360 | 19,601.85 | ||
45 | Turtle Creek Apartments | 5/6/2021 | 4/6/2031 | 4.27000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.25340% | Actual/360 | 26,874.57 | ||
46 | Walgreens-Burbank | 3/6/2031 | 3/6/2031 | 1/6/2038 | 3.61760% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.60100% | Actual/360 | 16,505.30 | |
47 | Village Circle Apartments | 3/6/2021 | 2/6/2031 | 3.96400% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.94740% | Actual/360 | 25,193.14 | ||
48 | CVS Portfolio | 3/6/2031 | 3/6/2031 | 5.00000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.98340% | Actual/360 | 21,545.14 | ||
48.01 | CVS Highland | |||||||||||||
48.02 | CVS Raytown | |||||||||||||
49 | La Hacienda Apartments | 4/6/2021 | 3/6/2031 | 4.57000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.55340% | Actual/360 | 25,798.08 | ||
50 | 260 Centre Avenue | 4/6/2031 | 4/6/2031 | 4.32000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.30340% | Actual/360 | 17,337.50 | ||
51 | Walgreens-Coralville | 3/6/2031 | 3/6/2031 | 4.09800% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.08140% | Actual/360 | 15,061.57 | ||
52 | Outerbanks Portfolio | 5/6/2021 | 4/6/2031 | 5.70000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 5.68340% | Actual/360 | 26,921.80 | ||
52.01 | Colonial Inn | |||||||||||||
52.02 | Seahorse Inn | |||||||||||||
53 | Astoria Portfolio | 4/6/2026 | 5/6/2026 | 4/6/2031 | 4.45730% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.44070% | Actual/360 | 19,409.83 | |
54 | Tramec Sloan Industrial Building | 5/6/2021 | 4/6/2031 | 4.29700% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.28040% | Actual/360 | 16,943.31 | ||
55 | Walgreens-Germantown | 3/6/2031 | 3/6/2031 | 4.09800% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.08140% | Actual/360 | 10,733.53 | ||
56 | Davita - Lakeport | 1/6/2030 | 1/6/2030 | 4.48200% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.46540% | Actual/360 | 10,819.10 | ||
57 | Oak Park & Pecan Acres MHC Portfolio | 5/11/2020 | 4/11/2030 | 4.40000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.38340% | Actual/360 | 13,520.54 | ||
57.01 | Oak Park MHC | |||||||||||||
57.02 | Pecan Acres MHC | |||||||||||||
58 | 850-860 Meridian Avenue | 4/6/2031 | 4/6/2031 | 4.38000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.36340% | Actual/360 | 9,714.32 | ||
59 | Oakwood Flex Complex | 4/6/2021 | 3/6/2031 | 4.20000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.18340% | Actual/360 | 12,836.70 | ||
60 | Peace River Village MHC | 3/6/2021 | 2/6/2031 | 4.26000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.24340% | Actual/360 | 12,615.04 | ||
61 | StorQuest Phoenix - Bell Road | 1/6/2031 | 1/6/2031 | 3.40920% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 3.39260% | Actual/360 | 6,553.04 | ||
62 | Dunedin Mini Storage | 4/11/2023 | 5/11/2023 | 4/11/2030 | 4.50000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.48340% | Actual/360 | 10,830.40 | |
63 | Dollar General Port Wentworth | 3/6/2026 | 4/6/2026 | 3/6/2031 | 4.51000% | 0.00178% | 0.00902% | 0.00500% | 0.00050% | 0.00030% | 4.49340% | Actual/360 | 6,087.36 | |
A-1-3
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Amortization Type | Interest Accrual Method During IO | Original Term to Maturity or ARD (Mos.) | Remaining Term to Maturity or ARD (Mos.) | Original IO Period (Mos.) | Remaining IO Period (Mos.) | Original Amort Term (Mos.) | Remaining Amort Term (Mos.) | Seasoning | Prepayment Provisions(3) | Grace Period Default (Days) |
1 | Two Penn Center | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
2 | Amazon @ Atlas | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(86),O(7) | 0 |
3 | Tri-State Distribution Center | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
4 | Magna Seating HQ | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(90),O(5) | 0 |
5 | MGM Grand & Mandalay Bay | Interest-only, ARD | Actual/360 | 120 | 106 | 120 | 106 | 0 | 0 | 14 | GRTR 0.5% or YM(35),GRTR 0.5% or YM or D(78),O(7) | 0 |
5.01 | MGM Grand | |||||||||||
5.02 | Mandalay Bay | |||||||||||
6 | Seacrest Homes | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
7 | Phoenix Industrial Portfolio V | Amortizing Balloon | 120 | 115 | 0 | 0 | 360 | 355 | 5 | L(29),D(85),O(6) | 0 | |
7.01 | Newton | |||||||||||
7.02 | Fort Smith | |||||||||||
7.03 | Flint | |||||||||||
7.04 | Coffeyville | |||||||||||
8 | Consumer Cellular | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
9 | 160 Pine Street | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),GRTR 1% or YM or D(90),O(4) | 0 |
10 | Metairie MOB Portfolio | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(91),O(3) | 0 | |
10.01 | Independence Plaza | |||||||||||
10.02 | 3530 Houma Boulevard | |||||||||||
11 | The Ratner | Interest-only, Balloon | Actual/360 | 84 | 83 | 84 | 83 | 0 | 0 | 1 | L(25),D(55),O(4) | 0 |
12 | Burke Town Center | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 36 | 33 | 360 | 360 | 3 | L(27),GRTR 1% or YM(86),O(7) | 0 |
13 | Southridge Center | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(23),GRTR 1% or YM(93),O(4) | 0 |
14 | 8800 Baymeadows | Amortizing Balloon | 60 | 57 | 0 | 0 | 360 | 357 | 3 | L(27),D(29),O(4) | 0 | |
15 | Seaport Homes | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(89),O(4) | 0 |
16 | 2209 Sulphur Spring Road | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 |
17 | Southeast G6 Portfolio | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | |
17.01 | Studio 6 Chamblee | |||||||||||
17.02 | Studio 6 Savannah | |||||||||||
17.03 | Motel 6 Greenville | |||||||||||
17.04 | Motel 6 / Studio 6 Augusta | |||||||||||
18 | Crescent Gateway | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(89),O(4) | 0 | |
19 | Herndon Square | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | |
20 | Aspen Court Apartments | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(23),GRTR 1% or YM(93),O(4) | 0 | |
21 | Bensalem Plaza Shopping Center | Amortizing Balloon | 120 | 116 | 0 | 0 | 360 | 356 | 4 | L(28),D(88),O(4) | 0 | |
22 | Athens West Shopping Center | Amortizing Balloon | 120 | 105 | 0 | 0 | 360 | 345 | 15 | L(39),D(78),O(3) | 0 | |
23 | Chico Mobile Country Club | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 |
24 | Allerand Portfolio 1 | Amortizing Balloon | 120 | 115 | 0 | 0 | 360 | 355 | 5 | L(23),GRTR 1% or YM(90),O(7) | 0 | |
24.01 | Walgreens Ironton | |||||||||||
24.02 | Rite Aid Holt | |||||||||||
24.03 | Walgreens Ashland | |||||||||||
24.04 | Walgreens Stuarts Draft | |||||||||||
24.05 | Walgreens Clay | |||||||||||
24.06 | Walgreens Louisville | |||||||||||
24.07 | Rite Aid Fremont | |||||||||||
24.08 | Rite Aid New Baltimore | |||||||||||
25 | Ontario Gateway | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 36 | 35 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
26 | Cobble Hill Multifamily Portfolio | Interest-only, Amortizing Balloon | Actual/360 | 120 | 117 | 60 | 57 | 360 | 360 | 3 | L(24),GRTR 1% or YM(92),O(4) | 0 |
26.01 | 181 Court Street | |||||||||||
26.02 | 131 Smith Street | |||||||||||
27 | Walgreens Portfolio | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 |
27.01 | Walgreens-Santa Fe | |||||||||||
27.02 | Walgreens-Morehead City | |||||||||||
28 | Gateway Business Park | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | 299 | 1 | L(25),D(90),O(5) | 0 | |
29 | Dearborn Industrial Portfolio | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(89),O(5) | 0 | |
29.01 | 15000 North Commerce Drive | |||||||||||
29.02 | 3001 Gulley Road | |||||||||||
29.03 | 15201 Century Drive | |||||||||||
29.04 | 15301 Century Drive | |||||||||||
29.05 | 15401 Century Drive | |||||||||||
29.06 | 15050 North Commerce Drive | |||||||||||
29.07 | 15300 Rotunda Drive | |||||||||||
30 | Detroit Chassis | Amortizing Balloon | 120 | 116 | 0 | 0 | 360 | 356 | 4 | L(28),D(88),O(4) | 0 | |
31 | Goldman Multifamily Portfolio Tranche 5 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 24 | 23 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
31.01 | 7750 South Muskegon Avenue | |||||||||||
31.02 | 6437 South Kenwood Avenue | |||||||||||
31.03 | 7836 S. South Shore Drive | |||||||||||
31.04 | 7810 South Ada Street | |||||||||||
31.05 | 7760 South Coles Avenue | |||||||||||
31.06 | 8000 South Justine Street | |||||||||||
31.07 | 8214 South Ingleside Avenue | |||||||||||
32 | The Loom | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 12 | 11 | 360 | 360 | 1 | L(25),D(92),O(3) | 0 |
33 | Walgreens Bayamón | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
34 | Sedona Village | Interest-only, Balloon | Actual/360 | 120 | 120 | 120 | 120 | 0 | 0 | 0 | L(24),GRTR 1% or YM(92),O(4) | 0 |
35 | Washington Street Storage Portfolio #2 | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
35.01 | Storage Mall Lex Park | |||||||||||
35.02 | Clarence Self Storage | |||||||||||
35.03 | West Side Mini Storage | |||||||||||
35.04 | Stor-Yor-Stuff | |||||||||||
36 | The Shops at 407 & Corner Shoppes | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 | 58 | 360 | 360 | 2 | L(26),D(89),O(5) | 0 |
36.01 | Shops at 407 | |||||||||||
36.02 | Corner Shoppes | |||||||||||
37 | 10 Industrial Avenue | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(91),O(3) | 0 |
38 | Oak Park Michigan Storage | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
39 | Farmington Hills Michigan Storage | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
40 | Haight & Fillmore Apartments | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(12),GRTR 1% or YM(104),O(4) | 0 |
41 | GoodFriend Self Storage - East Harlem | Interest-only, Balloon | Actual/360 | 120 | 117 | 120 | 117 | 0 | 0 | 3 | L(27),D(88),O(5) | 0 |
42 | Whispering Palms Apartments | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 | 58 | 360 | 360 | 2 | L(26),D(90),O(4) | 0 |
43 | Elite RV & Boat Storage | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
44 | Arcadia Shopping Center | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
45 | Turtle Creek Apartments | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(92),O(3) | 0 | |
46 | Walgreens-Burbank | Interest-only, ARD | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 |
47 | Village Circle Apartments | Amortizing Balloon | 120 | 117 | 0 | 0 | 360 | 357 | 3 | L(27),D(89),O(4) | 0 | |
48 | CVS Portfolio | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(23),GRTR 1% or YM(90),O(7) | 0 |
48.01 | CVS Highland | |||||||||||
48.02 | CVS Raytown | |||||||||||
49 | La Hacienda Apartments | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | 0 | |
50 | 260 Centre Avenue | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
51 | Walgreens-Coralville | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 |
52 | Outerbanks Portfolio | Amortizing Balloon | 120 | 119 | 0 | 0 | 300 | 299 | 1 | L(25),D(91),O(4) | 0 | |
52.01 | Colonial Inn | |||||||||||
52.02 | Seahorse Inn | |||||||||||
53 | Astoria Portfolio | Interest-only, Amortizing Balloon | Actual/360 | 120 | 119 | 60 | 59 | 360 | 360 | 1 | L(25),D(91),O(4) | 0 |
54 | Tramec Sloan Industrial Building | Amortizing Balloon | 120 | 119 | 0 | 0 | 360 | 359 | 1 | L(25),D(91),O(4) | 0 | |
55 | Walgreens-Germantown | Interest-only, Balloon | Actual/360 | 120 | 118 | 120 | 118 | 0 | 0 | 2 | L(26),D(90),O(4) | 0 |
56 | Davita - Lakeport | Interest-only, Balloon | Actual/360 | 120 | 104 | 120 | 104 | 0 | 0 | 16 | L(36),GRTR 1% or YM(4),D(76),O(4) | 0 |
57 | Oak Park & Pecan Acres MHC Portfolio | Amortizing Balloon | 120 | 107 | 0 | 0 | 360 | 347 | 13 | L(37),D(80),O(3) | 0 | |
57.01 | Oak Park MHC | |||||||||||
57.02 | Pecan Acres MHC | |||||||||||
58 | 850-860 Meridian Avenue | Interest-only, Balloon | Actual/360 | 120 | 119 | 120 | 119 | 0 | 0 | 1 | L(25),D(91),O(4) | 0 |
59 | Oakwood Flex Complex | Amortizing Balloon | 120 | 118 | 0 | 0 | 360 | 358 | 2 | L(26),D(90),O(4) | 0 | |
60 | Peace River Village MHC | Amortizing Balloon | 120 | 117 | 0 | 0 | 330 | 327 | 3 | L(27),D(89),O(4) | 0 | |
61 | StorQuest Phoenix - Bell Road | Interest-only, Balloon | Actual/360 | 120 | 116 | 120 | 116 | 0 | 0 | 4 | L(28),D(86),O(6) | 0 |
62 | Dunedin Mini Storage | Interest-only, Amortizing Balloon | Actual/360 | 120 | 107 | 36 | 23 | 360 | 360 | 13 | L(37),GRTR 1% or YM(77),O(6) | 0 |
63 | Dollar General Port Wentworth | Interest-only, Amortizing Balloon | Actual/360 | 120 | 118 | 60 | 58 | 360 | 360 | 2 | L(26),D(90),O(4) | 0 |
A-1-4
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Grace Period Late (Days)(4) | Appraised Value ($)(5) | Appraisal Date | Coop -Rental Value | Coop - LTV as Rental | Coop - Unsold Percent | Coop - Sponsor Units | Coop - Investor Units | Coop - Units | Coop - Sponsor Carry | Coop - Committed Secondary Debt | U/W NOI DSCR (x)(5) | U/W NCF DSCR (x)(5) | Cut-off Date LTV Ratio(5) |
1 | Two Penn Center | 0 | 118,700,000 | 2/26/2021 | 3.58 | 3.34 | 57.2% | ||||||||
2 | Amazon @ Atlas | 0 | 121,000,000 | 1/13/2021 | 4.96 | 4.93 | 40.0% | ||||||||
3 | Tri-State Distribution Center | 0 | 63,000,000 | 2/17/2021 | 1.46 | 1.45 | 64.2% | ||||||||
4 | Magna Seating HQ | 0 | 58,000,000 | 2/10/2021 | 2.51 | 2.29 | 65.0% | ||||||||
5 | MGM Grand & Mandalay Bay | 0 | 4,600,000,000 | 1/10/2020 | 4.95 | 4.95 | 35.5% | ||||||||
5.01 | MGM Grand | 2,505,000,000 | 1/10/2020 | ||||||||||||
5.02 | Mandalay Bay | 2,095,000,000 | 1/10/2020 | ||||||||||||
6 | Seacrest Homes | 0 | 90,000,000 | 3/9/2021 | 2.25 | 2.23 | 53.3% | ||||||||
7 | Phoenix Industrial Portfolio V | 0 | 145,300,000 | Various | 2.16 | 1.97 | 64.9% | ||||||||
7.01 | Newton | 50,800,000 | 10/16/2020 | ||||||||||||
7.02 | Fort Smith | 46,500,000 | 10/18/2022 | ||||||||||||
7.03 | Flint | 27,300,000 | 10/9/2020 | ||||||||||||
7.04 | Coffeyville | 20,700,000 | 10/21/2020 | ||||||||||||
8 | Consumer Cellular | 0 | 43,000,000 | 2/22/2021 | 1.93 | 1.78 | 64.0% | ||||||||
9 | 160 Pine Street | 0 | 49,400,000 | 2/2/2021 | 2.27 | 2.16 | 55.0% | ||||||||
10 | Metairie MOB Portfolio | 0 | 38,200,000 | 12/14/2020 | 1.37 | 1.36 | 66.6% | ||||||||
10.01 | Independence Plaza | 22,700,000 | 12/14/2020 | ||||||||||||
10.02 | 3530 Houma Boulevard | 15,500,000 | 12/14/2020 | ||||||||||||
11 | The Ratner | 5 | 45,300,000 | 2/9/2021 | 2.53 | 2.46 | 54.1% | ||||||||
12 | Burke Town Center | 10 | 31,000,000 | 12/9/2020 | 1.37 | 1.33 | 71.0% | ||||||||
13 | Southridge Center | 5 (once per rolling 12 month period) | 43,500,000 | 9/30/2020 | 3.60 | 3.21 | 47.1% | ||||||||
14 | 8800 Baymeadows | 0 | 28,400,000 | 12/9/2020 | 1.75 | 1.64 | 63.8% | ||||||||
15 | Seaport Homes | 0 | 63,500,000 | 1/5/2021 | 2.67 | 2.62 | 50.4% | ||||||||
16 | 2209 Sulphur Spring Road | 0 | 27,200,000 | 12/23/2020 | 2.07 | 1.93 | 61.5% | ||||||||
17 | Southeast G6 Portfolio | 0 | 33,400,000 | Various | 3.10 | 2.77 | 47.8% | ||||||||
17.01 | Studio 6 Chamblee | 10,000,000 | 3/2/2021 | ||||||||||||
17.02 | Studio 6 Savannah | 8,100,000 | 3/4/2021 | ||||||||||||
17.03 | Motel 6 Greenville | 8,700,000 | 3/3/2021 | ||||||||||||
17.04 | Motel 6 / Studio 6 Augusta | 6,600,000 | 3/3/2021 | ||||||||||||
18 | Crescent Gateway | 0 | 75,400,000 | 12/2/2020 | 1.48 | 1.42 | 63.4% | ||||||||
19 | Herndon Square | 0 | 44,200,000 | 1/12/2021 | 1.93 | 1.73 | 68.9% | ||||||||
20 | Aspen Court Apartments | 0 | 21,800,000 | 3/11/2021 | 1.48 | 1.39 | 65.5% | ||||||||
21 | Bensalem Plaza Shopping Center | 0 | 21,700,000 | 12/2/2020 | 1.60 | 1.49 | 57.3% | ||||||||
22 | Athens West Shopping Center | 0 | 16,400,000 | 12/10/2019 | 1.94 | 1.78 | 70.9% | ||||||||
23 | Chico Mobile Country Club | 0 | 19,890,000 | 11/16/2020 | 2.09 | 2.07 | 56.3% | ||||||||
24 | Allerand Portfolio 1 | 0 | 18,545,000 | Various | 1.88 | 1.75 | 59.5% | ||||||||
24.01 | Walgreens Ironton | 3,175,000 | 10/10/2020 | ||||||||||||
24.02 | Rite Aid Holt | 3,140,000 | 10/16/2020 | ||||||||||||
24.03 | Walgreens Ashland | 2,800,000 | 10/14/2020 | ||||||||||||
24.04 | Walgreens Stuarts Draft | 2,100,000 | 10/8/2020 | ||||||||||||
24.05 | Walgreens Clay | 1,800,000 | 10/15/2020 | ||||||||||||
24.06 | Walgreens Louisville | 2,100,000 | 10/16/2020 | ||||||||||||
24.07 | Rite Aid Fremont | 1,800,000 | 10/16/2020 | ||||||||||||
24.08 | Rite Aid New Baltimore | 1,630,000 | 10/16/2020 | ||||||||||||
25 | Ontario Gateway | 0 | 15,900,000 | 2/22/2021 | 1.80 | 1.69 | 66.0% | ||||||||
26 | Cobble Hill Multifamily Portfolio | 5 | 16,700,000 | 1/12/2021 | 1.34 | 1.33 | 61.7% | ||||||||
26.01 | 181 Court Street | 8,600,000 | 1/12/2021 | ||||||||||||
26.02 | 131 Smith Street | 8,100,000 | 1/12/2021 | ||||||||||||
27 | Walgreens Portfolio | 0 | 17,000,000 | 1/19/2021 | 2.06 | 2.06 | 60.2% | ||||||||
27.01 | Walgreens-Santa Fe | 9,450,000 | 1/19/2021 | ||||||||||||
27.02 | Walgreens-Morehead City | 7,550,000 | 1/19/2021 | ||||||||||||
28 | Gateway Business Park | 0 | 19,000,000 | 2/22/2021 | 1.48 | 1.42 | 52.5% | ||||||||
29 | Dearborn Industrial Portfolio | 0 | 13,290,000 | 12/2/2020 | 2.17 | 2.02 | 69.0% | ||||||||
29.01 | 15000 North Commerce Drive | 3,570,000 | 12/2/2020 | ||||||||||||
29.02 | 3001 Gulley Road | 3,020,000 | 12/2/2020 | ||||||||||||
29.03 | 15201 Century Drive | 2,770,000 | 12/2/2020 | ||||||||||||
29.04 | 15301 Century Drive | 2,390,000 | 12/2/2020 | ||||||||||||
29.05 | 15401 Century Drive | 1,540,000 | 12/2/2020 | ||||||||||||
29.06 | 15050 North Commerce Drive | NAP | NAP | ||||||||||||
29.07 | 15300 Rotunda Drive | NAP | NAP | ||||||||||||
30 | Detroit Chassis | 0, one time grace period of 5 days | 15,500,000 | 11/23/2020 | 1.89 | 1.72 | 58.1% | ||||||||
31 | Goldman Multifamily Portfolio Tranche 5 | 5 | 12,200,000 | 11/18/2020 | 1.89 | 1.81 | 73.8% | ||||||||
31.01 | 7750 South Muskegon Avenue | 3,325,000 | 11/18/2020 | ||||||||||||
31.02 | 6437 South Kenwood Avenue | 2,300,000 | 11/18/2020 | ||||||||||||
31.03 | 7836 S. South Shore Drive | 2,200,000 | 11/18/2020 | ||||||||||||
31.04 | 7810 South Ada Street | 1,275,000 | 11/18/2020 | ||||||||||||
31.05 | 7760 South Coles Avenue | 1,125,000 | 11/18/2020 | ||||||||||||
31.06 | 8000 South Justine Street | 1,000,000 | 11/18/2020 | ||||||||||||
31.07 | 8214 South Ingleside Avenue | 975,000 | 11/18/2020 | ||||||||||||
32 | The Loom | 0 | 13,300,000 | 3/9/2021 | 1.95 | 1.78 | 62.4% | ||||||||
33 | Walgreens Bayamón | 0 | 11,500,000 | 1/20/2021 | 2.05 | 2.04 | 66.6% | ||||||||
34 | Sedona Village | 5 (once per rolling 12 month period) | 16,500,000 | 1/13/2021 | 3.98 | 3.50 | 45.8% | ||||||||
35 | Washington Street Storage Portfolio #2 | 0 | 11,580,000 | Various | 1.61 | 1.57 | 62.6% | ||||||||
35.01 | Storage Mall Lex Park | 3,300,000 | 2/25/2021 | ||||||||||||
35.02 | Clarence Self Storage | 3,190,000 | 2/22/2021 | ||||||||||||
35.03 | West Side Mini Storage | 3,000,000 | 2/23/2021 | ||||||||||||
35.04 | Stor-Yor-Stuff | 1,660,000 | 2/23/2021 | ||||||||||||
36 | The Shops at 407 & Corner Shoppes | 0 | 11,900,000 | 12/15/2020 | 1.89 | 1.80 | 59.0% | ||||||||
36.01 | Shops at 407 | 6,900,000 | 12/15/2020 | �� | |||||||||||
36.02 | Corner Shoppes | 5,000,000 | 12/15/2020 | ||||||||||||
37 | 10 Industrial Avenue | 0 | 13,000,000 | 12/21/2020 | 3.10 | 2.90 | 53.8% | ||||||||
38 | Oak Park Michigan Storage | 0 | 9,600,000 | 2/11/2021 | 1.65 | 1.61 | 72.9% | ||||||||
39 | Farmington Hills Michigan Storage | 0 | 9,550,000 | 2/11/2021 | 1.67 | 1.65 | 73.3% | ||||||||
40 | Haight & Fillmore Apartments | 0 | 12,560,000 | 1/4/2021 | 2.12 | 2.06 | 53.3% | ||||||||
41 | GoodFriend Self Storage - East Harlem | 0 | 15,700,000 | 10/17/2020 | 2.31 | 2.31 | 41.4% | ||||||||
42 | Whispering Palms Apartments | 0 | 9,700,000 | 1/19/2021 | 1.33 | 1.29 | 63.9% | ||||||||
43 | Elite RV & Boat Storage | 0 | 9,910,000 | 2/2/2021 | 1.45 | 1.43 | 59.0% | ||||||||
44 | Arcadia Shopping Center | 0 | 10,250,000 | 3/10/2021 | 2.82 | 2.71 | 56.6% | ||||||||
45 | Turtle Creek Apartments | 0 | 7,550,000 | 2/19/2021 | 1.52 | 1.45 | 72.1% | ||||||||
46 | Walgreens-Burbank | 0 | 9,075,000 | 11/14/2020 | 2.41 | 2.41 | 59.5% | ||||||||
47 | Village Circle Apartments | 0 | 7,900,000 | 1/8/2021 | 1.71 | 1.58 | 66.8% | ||||||||
48 | CVS Portfolio | 0 | 8,470,000 | Various | 1.64 | 1.64 | 60.2% | ||||||||
48.01 | CVS Highland | 4,570,000 | 2/5/2021 | ||||||||||||
48.02 | CVS Raytown | 3,900,000 | 2/9/2021 | ||||||||||||
49 | La Hacienda Apartments | 0 | 7,330,000 | 1/13/2021 | 1.52 | 1.41 | 68.7% | ||||||||
50 | 260 Centre Avenue | 0 | 7,100,000 | 2/17/2021 | 1.92 | 1.88 | 66.9% | ||||||||
51 | Walgreens-Coralville | 0 | 7,050,000 | 1/21/2021 | 2.03 | 2.03 | 61.7% | ||||||||
52 | Outerbanks Portfolio | 0 | 7,900,000 | 2/16/2021 | 2.45 | 2.22 | 54.3% | ||||||||
52.01 | Colonial Inn | 4,300,000 | 2/16/2021 | ||||||||||||
52.02 | Seahorse Inn | 3,600,000 | 2/16/2021 | ||||||||||||
53 | Astoria Portfolio | 0 | 6,800,000 | 2/11/2021 | 1.46 | 1.43 | 56.6% | ||||||||
54 | Tramec Sloan Industrial Building | 0 | 5,110,000 | 3/1/2021 | 1.93 | 1.79 | 66.9% | ||||||||
55 | Walgreens-Germantown | 0 | 5,300,000 | 1/28/2021 | 2.05 | 2.05 | 58.5% | ||||||||
56 | Davita - Lakeport | 0 | 5,150,000 | 11/15/2019 | 2.23 | 2.14 | 55.5% | ||||||||
57 | Oak Park & Pecan Acres MHC Portfolio | 0 | 4,260,000 | 2/4/2021 | 1.92 | 1.87 | 62.3% | ||||||||
57.01 | Oak Park MHC | 2,310,000 | 2/4/2021 | ||||||||||||
57.02 | Pecan Acres MHC | 1,950,000 | 2/4/2021 | ||||||||||||
58 | 850-860 Meridian Avenue | 0 | 4,400,000 | 2/24/2021 | 1.48 | 1.44 | 59.7% | ||||||||
59 | Oakwood Flex Complex | 0 | 4,750,000 | 1/15/2021 | 2.72 | 2.47 | 55.1% | ||||||||
60 | Peace River Village MHC | 0 | 4,100,000 | 11/21/2020 | 1.91 | 1.87 | 59.5% | ||||||||
61 | StorQuest Phoenix - Bell Road | 0 | 3,810,000 | 10/29/2020 | 3.05 | 3.00 | 59.7% | ||||||||
62 | Dunedin Mini Storage | 0 | 3,680,000 | 1/28/2021 | 1.88 | 1.85 | 58.1% | ||||||||
63 | Dollar General Port Wentworth | 0 | 1,900,000 | 12/15/2020 | 1.53 | 1.51 | 63.2% | ||||||||
A-1-5
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | LTV Ratio at Maturity or ARD(5) | Cut-off Date U/W NOI Debt Yield(5) | Cut-off Date U/W NCF Debt Yield(5) | U/W Revenues ($)(2) | U/W Expenses ($) | U/W Net Operating Income ($) | U/W Replacement ($) | U/W TI/LC ($) | U/W Net Cash Flow ($) | Occupancy Rate(2)(5)(6) | Occupancy as-of Date | U/W Hotel ADR | U/W Hotel RevPAR | Most Recent Period |
1 | Two Penn Center | 57.2% | 11.9% | 11.1% | 13,458,637 | 5,395,108 | 8,063,529 | 81,545 | 466,108 | 7,515,876 | 84.8% | 12/2/2020 | Actual 2020 | ||
2 | Amazon @ Atlas | 40.0% | 12.1% | 12.0% | 8,494,809 | 2,638,705 | 5,856,104 | 34,066 | 0 | 5,822,038 | 100.0% | 5/1/2021 | TTM 9/30/2020 | ||
3 | Tri-State Distribution Center | 64.2% | 7.1% | 7.0% | 3,911,994 | 1,051,201 | 2,860,793 | 24,925 | 0 | 2,835,868 | 100.0% | 3/1/2021 | TTM 1/31/2021 | ||
4 | Magna Seating HQ | 65.0% | 8.9% | 8.2% | 4,193,217 | 828,955 | 3,364,262 | 36,000 | 254,825 | 3,073,437 | 100.0% | 5/1/2021 | TTM 2/28/2021 | ||
5 | MGM Grand & Mandalay Bay | 35.5% | 17.9% | 17.9% | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 32,774,592 | 0 | 487,305,761 | 54.2% | 12/31/2020 | 197 | 181 | Actual 2020 |
5.01 | MGM Grand | 1,161,850,748 | 879,242,083 | 282,608,665 | 16,011,953 | 0 | 266,596,712 | 52.7% | 12/31/2020 | 190 | 174 | Actual 2020 | |||
5.02 | Mandalay Bay | 944,444,740 | 706,973,052 | 237,471,688 | 16,762,639 | 0 | 220,709,049 | 55.8% | 12/31/2020 | 203 | 188 | Actual 2020 | |||
6 | Seacrest Homes | 53.3% | 8.9% | 8.8% | 5,800,791 | 1,543,217 | 4,257,575 | 44,000 | 0 | 4,213,575 | 98.3% | 3/1/2021 | TTM 2/28/2021 | ||
7 | Phoenix Industrial Portfolio V | 51.4% | 12.1% | 11.0% | 16,002,672 | 4,638,883 | 11,363,789 | 380,766 | 604,023 | 10,379,000 | 88.0% | Various | TTM 01/31/2021 | ||
7.01 | Newton | 6,223,443 | 2,765,767 | 3,457,676 | 222,000 | 375,140 | 2,860,536 | 77.6% | 12/31/2020 | TTM 01/31/2021 | |||||
7.02 | Fort Smith | 4,189,158 | 703,597 | 3,485,562 | 11,967 | 124,641 | 3,348,953 | 90.5% | 12/31/2020 | TTM 01/31/2021 | |||||
7.03 | Flint | 3,066,885 | 520,242 | 2,546,644 | 14,858 | 83,725 | 2,448,060 | 99.4% | 12/31/2020 | TTM 01/31/2021 | |||||
7.04 | Coffeyville | 2,523,185 | 649,278 | 1,873,907 | 131,940 | 20,517 | 1,721,450 | 100.0% | 5/1/2021 | TTM 01/31/2021 | |||||
8 | Consumer Cellular | 64.0% | 8.8% | 8.1% | 3,342,161 | 930,392 | 2,411,769 | 32,721 | 163,607 | 2,215,440 | 100.0% | 5/11/2021 | Actual 2020 | ||
9 | 160 Pine Street | 55.0% | 8.2% | 7.9% | 4,187,051 | 1,947,913 | 2,239,137 | 20,280 | 85,484 | 2,133,373 | 76.5% | 3/31/2021 | Actual 2020 | ||
10 | Metairie MOB Portfolio | 54.2% | 8.5% | 8.4% | 2,867,717 | 710,575 | 2,157,142 | 17,093 | 0 | 2,140,049 | 100.0% | 2/9/2021 | Actual 2020 | ||
10.01 | Independence Plaza | 1,663,613 | 381,179 | 1,282,434 | 10,523 | 0 | 1,271,912 | 100.0% | 2/9/2021 | Actual 2020 | |||||
10.02 | 3530 Houma Boulevard | 1,204,104 | 329,396 | 874,708 | 6,570 | 0 | 868,137 | 100.0% | 2/9/2021 | Actual 2020 | |||||
11 | The Ratner | 54.1% | 10.4% | 10.1% | 3,611,043 | 1,067,445 | 2,543,598 | 36,701 | 35,104 | 2,471,793 | 78.8% | 2/1/2021 | Actual 2020 | ||
12 | Burke Town Center | 62.4% | 8.5% | 8.3% | 2,375,682 | 502,070 | 1,873,612 | 5,736 | 38,237 | 1,829,640 | 100.0% | 12/14/2020 | TTM 11/30/2020 | ||
13 | Southridge Center | 47.1% | 14.6% | 13.0% | 4,157,542 | 1,172,566 | 2,984,976 | 74,586 | 248,621 | 2,661,769 | 100.0% | 2/9/2021 | Actual 2020 | ||
14 | 8800 Baymeadows | 59.1% | 11.3% | 10.6% | 3,912,386 | 1,871,180 | 2,041,206 | 54,864 | 72,216 | 1,914,126 | 75.8% | 1/20/2021 | Actual 2020 | ||
15 | Seaport Homes | 50.4% | 9.1% | 8.9% | 3,902,260 | 1,003,729 | 2,898,531 | 47,600 | 0 | 2,850,931 | 98.5% | 12/7/2020 | Actual 2020 | ||
16 | 2209 Sulphur Spring Road | 61.5% | 8.7% | 8.1% | 1,782,463 | 326,347 | 1,456,116 | 31,300 | 62,600 | 1,362,216 | 100.0% | 12/31/2020 | TTM 11/30/2020 | ||
17 | Southeast G6 Portfolio | 38.8% | 19.0% | 17.0% | 6,410,564 | 3,366,927 | 3,043,637 | 320,528 | 0 | 2,723,109 | 66.9% | 2/28/2021 | 42 | 28 | TTM 2/28/2021 |
17.01 | Studio 6 Chamblee | 1,793,448 | 849,041 | 944,407 | 89,672 | 0 | 854,735 | 84.2% | 2/28/2021 | 47 | 40 | TTM 2/28/2021 | |||
17.02 | Studio 6 Savannah | 1,586,100 | 795,022 | 791,079 | 79,305 | 0 | 711,774 | 60.7% | 2/28/2021 | 44 | 26 | TTM 2/28/2021 | |||
17.03 | Motel 6 Greenville | 1,695,759 | 899,879 | 795,881 | 84,788 | 0 | 711,093 | 69.9% | 2/28/2021 | 41 | 28 | TTM 2/28/2021 | |||
17.04 | Motel 6 / Studio 6 Augusta | 1,335,257 | 822,986 | 512,271 | 66,763 | 0 | 445,508 | 57.4% | 2/28/2021 | 37 | 21 | TTM 2/28/2021 | |||
18 | Crescent Gateway | 50.6% | 8.5% | 8.2% | 6,120,547 | 2,037,978 | 4,082,569 | 28,946 | 144,717 | 3,908,906 | 82.9% | 2/2/2021 | Actual 2020 | ||
19 | Herndon Square | 54.9% | 11.1% | 10.0% | 5,326,888 | 1,947,915 | 3,378,974 | 52,701 | 295,261 | 3,031,012 | 87.8% | 3/19/2021 | TTM 2/28/2021 | ||
20 | Aspen Court Apartments | 54.1% | 9.6% | 9.0% | 2,617,497 | 1,243,200 | 1,374,297 | 82,250 | 0 | 1,292,047 | 90.3% | 3/3/2021 | TTM 2/28/2021 | ||
21 | Bensalem Plaza Shopping Center | 46.5% | 9.7% | 9.0% | 1,558,516 | 352,782 | 1,205,734 | 16,368 | 65,470 | 1,123,896 | 89.5% | 11/1/2020 | TTM 9/30/2020 | ||
22 | Athens West Shopping Center | 56.4% | 11.4% | 10.5% | 1,771,256 | 443,060 | 1,328,196 | 17,839 | 89,195 | 1,221,162 | 97.6% | 8/25/2020 | Actual 2020 | ||
23 | Chico Mobile Country Club | 56.3% | 8.0% | 7.9% | 1,647,846 | 746,966 | 900,880 | 10,858 | 0 | 890,022 | 98.3% | 2/1/2021 | TTM 1/31/2021 | ||
24 | Allerand Portfolio 1 | 48.2% | 11.3% | 10.5% | 1,254,411 | 1,938 | 1,252,473 | 0 | 88,273 | 1,164,200 | 100.0% | 5/1/2021 | TTM 9/30/2020 | ||
24.01 | Walgreens Ironton | 197,860 | 0 | 197,860 | 0 | 11,166 | 186,694 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.02 | Rite Aid Holt | 219,844 | 311 | 219,533 | 0 | 11,060 | 208,473 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.03 | Walgreens Ashland | 184,505 | 0 | 184,505 | 0 | 10,663 | 173,842 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.04 | Walgreens Stuarts Draft | 140,000 | 0 | 140,000 | 0 | 11,055 | 128,945 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.05 | Walgreens Clay | 130,203 | 810 | 129,393 | 0 | 11,225 | 118,168 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.06 | Walgreens Louisville | 126,000 | 0 | 126,000 | 0 | 10,912 | 115,088 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.07 | Rite Aid Fremont | 126,000 | 311 | 125,689 | 0 | 11,092 | 114,597 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
24.08 | Rite Aid New Baltimore | 130,000 | 506 | 129,494 | 0 | 11,100 | 118,394 | 100.0% | 5/1/2021 | TTM 9/30/2020 | |||||
25 | Ontario Gateway | 56.8% | 10.0% | 9.4% | 1,697,145 | 643,178 | 1,053,968 | 15,581 | 47,903 | 990,484 | 95.4% | 3/31/2021 | Actual 2020 | ||
26 | Cobble Hill Multifamily Portfolio | 56.1% | 7.9% | 7.8% | 916,681 | 106,684 | 809,997 | 2,750 | 5,107 | 802,140 | 100.0% | 2/1/2021 | Various | ||
26.01 | 181 Court Street | 464,062 | 53,880 | 410,182 | 1,500 | 2,797 | 405,885 | 100.0% | 2/1/2021 | Annualized 7 1/31/2021 | |||||
26.02 | 131 Smith Street | 452,619 | 52,804 | 399,815 | 1,250 | 2,310 | 396,255 | 100.0% | 2/1/2021 | TTM 1/31/2021 | |||||
27 | Walgreens Portfolio | 60.2% | 8.5% | 8.5% | 903,160 | 29,604 | 873,556 | 0 | 0 | 873,556 | 100.0% | 5/1/2021 | NAV | ||
27.01 | Walgreens-Santa Fe | 515,356 | 16,688 | 498,668 | 0 | 0 | 498,668 | 100.0% | 5/1/2021 | NAV | |||||
27.02 | Walgreens-Morehead City | 387,803 | 12,916 | 374,888 | 0 | 0 | 374,888 | 100.0% | 5/1/2021 | NAV | |||||
28 | Gateway Business Park | 37.4% | 9.1% | 8.7% | 1,145,558 | 241,792 | 903,766 | 8,350 | 23,703 | 871,713 | 93.5% | 2/12/2021 | TTM 2/28/2021 | ||
29 | Dearborn Industrial Portfolio | 54.8% | 12.4% | 11.5% | 1,602,363 | 466,923 | 1,135,440 | 47,720 | 33,457 | 1,054,263 | 66.2% | Various | Actual 2020 | ||
29.01 | 15000 North Commerce Drive | 371,714 | 122,595 | 249,120 | 8,010 | 8,205 | 232,905 | 84.3% | 2/2/2021 | Actual 2020 | |||||
29.02 | 3001 Gulley Road | 344,077 | 94,520 | 249,557 | 12,912 | 7,034 | 229,611 | 90.0% | 2/2/2021 | Actual 2020 | |||||
29.03 | 15201 Century Drive | 355,713 | 108,782 | 246,931 | 11,904 | 7,867 | 227,160 | 100.0% | 2/2/2021 | Actual 2020 | |||||
29.04 | 15301 Century Drive | 311,922 | 78,313 | 233,609 | 9,710 | 7,024 | 216,875 | 100.0% | 2/2/2021 | Actual 2020 | |||||
29.05 | 15401 Century Drive | 218,936 | 62,713 | 156,223 | 5,184 | 3,327 | 147,712 | 100.0% | 2/2/2021 | Actual 2020 | |||||
29.06 | 15050 North Commerce Drive | NAV | NAV | NAV | NAV | NAV | NAV | 7.7% | 2/2/2021 | NAV | |||||
29.07 | 15300 Rotunda Drive | NAV | NAV | NAV | NAV | NAV | NAV | 7.8% | 2/9/2021 | NAV | |||||
30 | Detroit Chassis | 46.9% | 11.3% | 10.3% | 1,416,580 | 402,171 | 1,014,409 | 21,999 | 65,998 | 926,411 | 100.0% | 5/1/2021 | NAV | ||
31 | Goldman Multifamily Portfolio Tranche 5 | 62.1% | 10.8% | 10.3% | 1,676,985 | 709,003 | 967,982 | 37,750 | 0 | 930,232 | 94.0% | 4/7/2021 | Annualized 1 1/21/2021 | ||
31.01 | 7750 South Muskegon Avenue | 508,672 | 208,416 | 300,256 | 11,750 | 0 | 288,506 | 100.0% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
31.02 | 6437 South Kenwood Avenue | 292,866 | 112,036 | 180,831 | 6,250 | 0 | 174,581 | 100.0% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
31.03 | 7836 S. South Shore Drive | 318,315 | 140,669 | 177,645 | 7,250 | 0 | 170,395 | 93.1% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
31.04 | 7810 South Ada Street | 158,172 | 61,482 | 96,690 | 3,250 | 0 | 93,440 | 100.0% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
31.05 | 7760 South Coles Avenue | 164,982 | 70,580 | 94,402 | 3,250 | 0 | 91,152 | 100.0% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
31.06 | 8000 South Justine Street | 148,928 | 65,133 | 83,795 | 3,000 | 0 | 80,795 | 91.7% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
31.07 | 8214 South Ingleside Avenue | 85,051 | 50,687 | 34,365 | 3,000 | 0 | 31,365 | 58.3% | 4/7/2021 | Annualized 1 2/28/2021 | |||||
32 | The Loom | 51.1% | 11.2% | 10.2% | 1,561,895 | 634,242 | 927,652 | 18,579 | 65,108 | 843,965 | 91.7% | 3/23/2021 | TTM 2/28/2021 | ||
33 | Walgreens Bayamón | 66.6% | 9.2% | 9.1% | 723,287 | 21,699 | 701,588 | 2,349 | 0 | 699,239 | 100.0% | 5/1/2021 | NAV | ||
34 | Sedona Village | 45.8% | 15.8% | 13.9% | 1,729,161 | 538,170 | 1,190,991 | 18,811 | 125,407 | 1,046,773 | 86.0% | 1/7/2021 | TTM 11/30/2020 | ||
35 | Washington Street Storage Portfolio #2 | 57.2% | 9.7% | 9.5% | 1,059,799 | 353,578 | 706,221 | 19,748 | 0 | 686,474 | 94.2% | Various | TTM 1/31/2021 | ||
35.01 | Storage Mall Lex Park | 292,108 | 81,640 | 210,468 | 4,406 | 0 | 206,062 | 97.9% | 2/26/2021 | TTM 1/31/2021 | |||||
35.02 | Clarence Self Storage | 307,262 | 93,437 | 213,825 | 3,386 | 0 | 210,439 | 85.2% | 2/24/2021 | TTM 1/31/2021 | |||||
35.03 | West Side Mini Storage | 292,920 | 113,162 | 179,758 | 7,020 | 0 | 172,738 | 98.7% | 2/15/2021 | TTM 1/31/2021 | |||||
35.04 | Stor-Yor-Stuff | 167,509 | 65,339 | 102,170 | 4,935 | 0 | 97,235 | 90.7% | 2/10/2021 | TTM 1/31/2021 | |||||
36 | The Shops at 407 & Corner Shoppes | 53.9% | 11.3% | 10.7% | 1,020,121 | 225,838 | 794,283 | 4,082 | 36,693 | 753,508 | 100.0% | 1/1/2021 | Actual 2020 | ||
36.01 | Shops at 407 | 603,871 | 144,189 | 459,682 | 2,141 | 21,227 | 436,315 | 100.0% | 1/1/2021 | Actual 2020 | |||||
36.02 | Corner Shoppes | 416,250 | 81,649 | 334,601 | 1,941 | 15,467 | 317,193 | 100.0% | 1/1/2021 | Actual 2020 | |||||
37 | 10 Industrial Avenue | 53.8% | 12.0% | 11.2% | 1,200,051 | 360,753 | 839,298 | 9,181 | 45,904 | 784,213 | 90.3% | 12/10/2020 | Actual 2020 | ||
38 | Oak Park Michigan Storage | 66.0% | 9.2% | 9.0% | 1,000,819 | 356,233 | 644,586 | 12,674 | 0 | 631,913 | 95.3% | 3/15/2021 | TTM 2/28/2021 | ||
39 | Farmington Hills Michigan Storage | 66.3% | 9.4% | 9.2% | 978,983 | 324,047 | 654,937 | 9,354 | 0 | 645,583 | 86.9% | 3/15/2021 | TTM 2/28/2021 | ||
40 | Haight & Fillmore Apartments | 53.3% | 8.9% | 8.7% | 843,272 | 245,369 | 597,903 | 16,900 | 0 | 581,003 | 96.0% | 3/23/2021 | TTM 2/28/2021 | ||
41 | GoodFriend Self Storage - East Harlem | 41.4% | 11.1% | 11.1% | 720,000 | 0 | 720,000 | 0 | 0 | 720,000 | 100.0% | 11/1/2020 | Actual 2020 | ||
42 | Whispering Palms Apartments | 58.7% | 8.3% | 8.1% | 1,041,218 | 524,923 | 516,296 | 16,000 | 0 | 500,296 | 98.4% | 1/13/2021 | TTM 1/31/2021 | ||
43 | Elite RV & Boat Storage | 53.9% | 8.7% | 8.6% | 902,185 | 393,297 | 508,888 | 5,100 | 0 | 503,788 | 95.7% | 3/3/2021 | TTM 2/28/2021 | ||
44 | Arcadia Shopping Center | 56.6% | 11.4% | 11.0% | 921,073 | 258,113 | 662,960 | 4,480 | 20,000 | 638,480 | 92.1% | 3/1/2021 | TTM 1/31/2021 | ||
45 | Turtle Creek Apartments | 57.9% | 9.0% | 8.6% | 860,769 | 369,877 | 490,892 | 24,000 | 0 | 466,892 | 92.6% | 2/22/2021 | TTM 1/31/2021 | ||
46 | Walgreens-Burbank | 59.5% | 8.8% | 8.8% | 499,208 | 22,851 | 476,357 | 0 | 0 | 476,357 | 100.0% | 5/1/2021 | NAV | ||
47 | Village Circle Apartments | 53.2% | 9.8% | 9.1% | 928,519 | 412,756 | 515,764 | 37,752 | 0 | 478,012 | 93.9% | 1/31/2021 | Actual 2020 | ||
48 | CVS Portfolio | 60.2% | 8.3% | 8.3% | 423,323 | 0 | 423,323 | 0 | 0 | 423,323 | 100.0% | 5/1/2021 | TTM 2/28/2021 | ||
48.01 | CVS Highland | 228,689 | 0 | 228,689 | 0 | 0 | 228,689 | 100.0% | 5/1/2021 | TTM 2/28/2021 | |||||
48.02 | CVS Raytown | 194,634 | 0 | 194,634 | 0 | 0 | 194,634 | 100.0% | 5/1/2021 | TTM 2/28/2021 | |||||
49 | La Hacienda Apartments | 55.8% | 9.3% | 8.7% | 938,934 | 468,050 | 470,884 | 34,100 | 0 | 436,784 | 96.8% | 3/1/2021 | TTM 1/31/2021 | ||
50 | 260 Centre Avenue | 66.9% | 8.4% | 8.3% | 583,963 | 184,155 | 399,809 | 7,750 | 0 | 392,059 | 100.0% | 2/24/2021 | TTM 2/28/2021 | ||
51 | Walgreens-Coralville | 61.7% | 8.4% | 8.4% | 380,284 | 12,721 | 367,563 | 0 | 0 | 367,563 | 100.0% | 5/1/2021 | NAV | ||
52 | Outerbanks Portfolio | 41.7% | 18.4% | 16.7% | 1,864,905 | 1,074,041 | 790,864 | 74,596 | 0 | 716,268 | 46.5% | 2/28/2021 | 144 | 67 | TTM 2/28/2021 |
52.01 | Colonial Inn | 1,038,606 | 582,967 | 455,639 | 41,544 | 0 | 414,095 | 47.8% | 2/28/2021 | 153 | 73 | TTM 2/28/2021 | |||
52.02 | Seahorse Inn | 826,299 | 491,074 | 335,225 | 33,052 | 0 | 302,173 | 45.3% | 2/28/2021 | 135 | 61 | TTM 2/28/2021 | |||
53 | Astoria Portfolio | 51.8% | 8.9% | 8.7% | 436,084 | 95,332 | 340,752 | 2,645 | 4,991 | 333,116 | 100.0% | 3/17/2021 | Annualized 10 2/28/2021 | ||
54 | Tramec Sloan Industrial Building | 53.8% | 11.4% | 10.6% | 411,722 | 20,105 | 391,616 | 10,995 | 17,494 | 363,126 | 100.0% | 5/1/2021 | Actual 2020 | ||
55 | Walgreens-Germantown | 58.5% | 8.5% | 8.5% | 273,050 | 9,420 | 263,631 | 0 | 0 | 263,631 | 100.0% | 5/1/2021 | NAV | ||
56 | Davita - Lakeport | 55.5% | 10.1% | 9.7% | 361,314 | 72,265 | 289,050 | 1,654 | 8,971 | 278,425 | 100.0% | 5/1/2021 | Actual 2020 | ||
57 | Oak Park & Pecan Acres MHC Portfolio | 51.1% | 11.7% | 11.5% | 407,920 | 96,596 | 311,324 | 7,350 | 0 | 303,974 | 94.6% | 12/14/2020 | Actual 2020 | ||
57.01 | Oak Park MHC | 222,397 | 53,865 | 168,531 | 4,100 | 0 | 164,431 | 93.9% | 12/14/2020 | Actual 2020 | |||||
57.02 | Pecan Acres MHC | 185,524 | 42,731 | 142,793 | 3,250 | 0 | 139,543 | 95.4% | 12/14/2020 | Actual 2020 | |||||
58 | 850-860 Meridian Avenue | 59.7% | 6.6% | 6.4% | 348,603 | 176,450 | 172,152 | 4,000 | 0 | 168,152 | 100.0% | 12/31/2020 | TTM 2/28/2021 | ||
59 | Oakwood Flex Complex | 44.2% | 16.0% | 14.5% | 667,794 | 249,408 | 418,387 | 8,663 | 29,092 | 380,632 | 82.1% | 2/16/2021 | Actual 2020 | ||
60 | Peace River Village MHC | 45.9% | 11.9% | 11.6% | 496,497 | 206,711 | 289,786 | 5,950 | 0 | 283,836 | 72.3% | 1/1/2021 | TTM 11/30/2020 | ||
61 | StorQuest Phoenix - Bell Road | 59.7% | 10.5% | 10.4% | 440,907 | 201,100 | 239,806 | 3,952 | 0 | 235,854 | 85.5% | 2/15/2021 | Actual 2020 | ||
62 | Dunedin Mini Storage | 50.8% | 11.5% | 11.2% | 449,151 | 204,337 | 244,814 | 4,368 | 0 | 240,447 | 96.0% | 2/28/2021 | TTM 2/28/2021 | ||
63 | Dollar General Port Wentworth | 57.8% | 9.3% | 9.2% | 132,943 | 21,058 | 111,885 | 1,361 | 0 | 110,525 | 100.0% | 5/1/2021 | NAV | ||
A-1-6
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 | Second Most Recent Revenues ($) | Second Most Recent Expenses ($) | Second Most Recent NOI ($) | Second Most Recent Hotel ADR | Second Most Recent Hotel RevPAR | Third Most Recent Period | Third Most Recent Revenues ($) |
1 | Two Penn Center | 12,416,960 | 4,665,420 | 7,751,540 | Actual 2019 | 13,751,958 | 5,457,183 | 8,294,775 | Actual 2018 | 13,468,849 | ||||
2 | Amazon @ Atlas | 7,589,695 | 2,300,343 | 5,289,352 | Actual 2019 | 4,949,020 | 1,834,649 | 3,114,370 | NAV | NAV | ||||
3 | Tri-State Distribution Center | 3,050,670 | 1,050,913 | 1,999,756 | Actual 2020 | 2,992,940 | 1,039,634 | 1,953,306 | Actual 2019 | 2,390,352 | ||||
4 | Magna Seating HQ | 4,004,800 | 421,726 | 3,583,074 | Actual 2020 | 3,990,435 | 515,786 | 3,474,649 | Actual 2019 | 3,530,527 | ||||
5 | MGM Grand & Mandalay Bay | 815,610,101 | 706,787,287 | 108,822,815 | 175 | 95 | Actual 2019 | 2,106,295,488 | 1,586,215,135 | 520,080,353 | 197 | 181 | Actual 2018 | 2,191,540,530 |
5.01 | MGM Grand | 488,436,932 | 413,086,750 | 75,350,182 | 171 | 90 | Actual 2019 | 1,161,850,748 | 879,242,083 | 282,608,665 | 190 | 174 | Actual 2018 | 1,226,105,346 |
5.02 | Mandalay Bay | 327,173,169 | 293,700,537 | 33,472,632 | 179 | 100 | Actual 2019 | 944,444,740 | 706,973,052 | 237,471,688 | 203 | 188 | Actual 2018 | 965,435,184 |
6 | Seacrest Homes | 5,797,621 | 993,007 | 4,804,614 | Actual 2020 | 5,789,936 | 988,965 | 4,800,971 | Actual 2019 | 3,691,184 | ||||
7 | Phoenix Industrial Portfolio V | 12,000,513 | 3,001,948 | 8,998,565 | Actual 2020 | 11,823,559 | 2,992,050 | 8,831,509 | Actual 2019 | 7,781,992 | ||||
7.01 | Newton | 5,534,301 | 1,715,624 | 3,818,677 | Actual 2020 | 5,469,830 | 1,718,471 | 3,751,358 | Actual 2019 | 5,312,608 | ||||
7.02 | Fort Smith | 2,252,302 | 510,884 | 1,741,418 | Actual 2020 | 2,185,914 | 494,985 | 1,690,929 | Actual 2019 | 1,510,025 | ||||
7.03 | Flint | 1,840,572 | 294,521 | 1,546,051 | Actual 2020 | 1,802,154 | 278,313 | 1,523,842 | Actual 2019 | 865,810 | ||||
7.04 | Coffeyville | 2,373,338 | 480,919 | 1,892,419 | Actual 2020 | 2,365,661 | 500,281 | 1,865,380 | Actual 2019 | 93,549 | ||||
8 | Consumer Cellular | 3,368,610 | 929,132 | 2,439,478 | Actual 2019 | 2,954,783 | 818,233 | 2,136,550 | NAV | NAV | ||||
9 | 160 Pine Street | 4,607,282 | 1,746,805 | 2,860,477 | Actual 2019 | 4,679,315 | 1,867,355 | 2,811,961 | Actual 2018 | 4,020,543 | ||||
10 | Metairie MOB Portfolio | 2,354,963 | 663,945 | 1,691,018 | Actual 2019 | 2,381,514 | 656,319 | 1,725,195 | Actual 2018 | 2,127,759 | ||||
10.01 | Independence Plaza | 1,164,685 | 345,236 | 819,448 | Actual 2019 | 1,118,112 | 309,653 | 808,459 | Actual 2018 | 1,171,119 | ||||
10.02 | 3530 Houma Boulevard | 1,190,278 | 318,709 | 871,570 | Actual 2019 | 1,263,403 | 346,667 | 916,736 | Actual 2018 | 956,640 | ||||
11 | The Ratner | 4,026,831 | 1,015,876 | 3,010,955 | Actual 2019 | 3,719,675 | 1,046,179 | 2,673,496 | Actual 2018 | 2,818,066 | ||||
12 | Burke Town Center | 2,395,704 | 489,028 | 1,906,676 | Actual 2019 | 2,280,069 | 456,779 | 1,823,290 | Actual 2018 | 2,036,545 | ||||
13 | Southridge Center | 4,258,051 | 1,030,792 | 3,227,259 | Actual 2019 | 3,654,765 | 1,096,165 | 2,558,600 | Actual 2018 | 3,536,498 | ||||
14 | 8800 Baymeadows | 4,289,281 | 1,886,837 | 2,402,444 | Actual 2019 | 4,229,415 | 1,802,748 | 2,426,667 | Actual 2018 | 3,766,431 | ||||
15 | Seaport Homes | 3,982,991 | 1,005,233 | 2,977,758 | Actual 2019 | 3,864,950 | 980,548 | 2,884,402 | Actual 2018 | 3,756,142 | ||||
16 | 2209 Sulphur Spring Road | 1,725,774 | 358,606 | 1,367,168 | Actual 2019 | 767,723 | 297,477 | 470,246 | NAV | NAV | ||||
17 | Southeast G6 Portfolio | 6,410,746 | 3,383,576 | 3,027,170 | 42 | 28 | Actual 2020 | 6,353,981 | 3,396,447 | 2,957,534 | 42 | 28 | Actual 2019 | 6,344,049 |
17.01 | Studio 6 Chamblee | 1,793,448 | 854,448 | 939,000 | 47 | 40 | Actual 2020 | 1,786,447 | 870,674 | 915,772 | 47 | 39 | Actual 2019 | 1,871,180 |
17.02 | Studio 6 Savannah | 1,586,100 | 804,359 | 781,742 | 44 | 26 | Actual 2020 | 1,571,214 | 806,231 | 764,983 | 44 | 26 | Actual 2019 | 1,593,681 |
17.03 | Motel 6 Greenville | 1,695,828 | 897,976 | 797,853 | 41 | 28 | Actual 2020 | 1,695,164 | 904,670 | 790,494 | 41 | 28 | Actual 2019 | 1,600,475 |
17.04 | Motel 6 / Studio 6 Augusta | 1,335,370 | 826,794 | 508,575 | 37 | 21 | Actual 2020 | 1,301,157 | 814,872 | 486,284 | 36 | 21 | Actual 2019 | 1,278,714 |
18 | Crescent Gateway | 5,713,736 | 1,943,150 | 3,770,586 | Actual 2019 | 6,249,995 | 2,017,041 | 4,232,954 | Actual 2018 | 6,354,201 | ||||
19 | Herndon Square | 5,221,679 | 1,804,531 | 3,417,148 | Actual 2019 | 5,475,375 | 1,887,096 | 3,588,279 | Actual 2018 | 5,029,585 | ||||
20 | Aspen Court Apartments | 2,672,711 | 1,271,397 | 1,401,313 | Actual 2020 | 2,681,171 | 1,287,949 | 1,393,222 | Actual 2019 | 2,790,903 | ||||
21 | Bensalem Plaza Shopping Center | 1,397,154 | 324,549 | 1,072,605 | Actual 2019 | 1,467,273 | 345,240 | 1,122,033 | Actual 2018 | 1,467,020 | ||||
22 | Athens West Shopping Center | 1,481,413 | 424,576 | 1,056,837 | Actual 2019 | 1,379,843 | 475,734 | 904,109 | Actual 2018 | 1,558,389 | ||||
23 | Chico Mobile Country Club | 1,647,846 | 713,964 | 933,882 | Actual 2019 | 1,576,092 | 690,151 | 885,941 | Actual 2018 | 1,452,508 | ||||
24 | Allerand Portfolio 1 | 1,421,512 | 0 | 1,421,512 | Actual 2019 | 1,489,905 | 0 | 1,489,905 | Actual 2018 | 1,489,905 | ||||
24.01 | Walgreens Ironton | 197,860 | 0 | 197,860 | Actual 2019 | 197,860 | 0 | 197,860 | Actual 2018 | 197,860 | ||||
24.02 | Rite Aid Holt | 219,844 | 0 | 219,844 | Actual 2019 | 219,844 | 0 | 219,844 | Actual 2018 | 219,844 | ||||
24.03 | Walgreens Ashland | 198,050 | 0 | 198,050 | Actual 2019 | 198,050 | 0 | 198,050 | Actual 2018 | 198,050 | ||||
24.04 | Walgreens Stuarts Draft | 160,497 | 0 | 160,497 | Actual 2019 | 162,360 | 0 | 162,360 | Actual 2018 | 162,360 | ||||
24.05 | Walgreens Clay | 145,521 | 0 | 145,521 | Actual 2019 | 153,180 | 0 | 153,180 | Actual 2018 | 153,180 | ||||
24.06 | Walgreens Louisville | 171,024 | 0 | 171,024 | Actual 2019 | 193,536 | 0 | 193,536 | Actual 2018 | 193,536 | ||||
24.07 | Rite Aid Fremont | 155,993 | 0 | 155,993 | Actual 2019 | 170,990 | 0 | 170,990 | Actual 2018 | 170,990 | ||||
24.08 | Rite Aid New Baltimore | 172,723 | 0 | 172,723 | Actual 2019 | 194,085 | 0 | 194,085 | Actual 2018 | 194,085 | ||||
25 | Ontario Gateway | 1,945,615 | 627,622 | 1,317,993 | Actual 2019 | 1,166,048 | 558,314 | 607,734 | Actual 2018 | 1,108,722 | ||||
26 | Cobble Hill Multifamily Portfolio | 397,003 | 86,000 | 311,003 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26.01 | 181 Court Street | 173,431 | 34,963 | 138,467 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
26.02 | 131 Smith Street | 223,572 | 51,037 | 172,535 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
27 | Walgreens Portfolio | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
27.01 | Walgreens-Santa Fe | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
27.02 | Walgreens-Morehead City | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
28 | Gateway Business Park | 856,002 | 221,786 | 634,216 | Actual 2020 | 682,660 | 212,499 | 470,161 | NAV | NAV | ||||
29 | Dearborn Industrial Portfolio | 1,410,919 | 452,571 | 958,348 | Actual 2019 | 1,247,020 | 466,011 | 781,009 | Actual 2018 | 854,901 | ||||
29.01 | 15000 North Commerce Drive | 367,463 | 125,689 | 241,774 | Actual 2019 | 322,125 | 116,256 | 205,869 | Actual 2018 | 222,958 | ||||
29.02 | 3001 Gulley Road | 315,358 | 91,446 | 223,912 | Actual 2019 | 180,925 | 102,529 | 78,396 | Actual 2018 | 105,581 | ||||
29.03 | 15201 Century Drive | 334,786 | 103,085 | 231,701 | Actual 2019 | 400,735 | 110,249 | 290,486 | Actual 2018 | 262,025 | ||||
29.04 | 15301 Century Drive | 240,828 | 74,042 | 166,786 | Actual 2019 | 241,223 | 72,343 | 168,879 | Actual 2018 | 224,367 | ||||
29.05 | 15401 Century Drive | 152,485 | 58,309 | 94,176 | Actual 2019 | 102,013 | 64,634 | 37,378 | Actual 2018 | 39,970 | ||||
29.06 | 15050 North Commerce Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
29.07 | 15300 Rotunda Drive | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
30 | Detroit Chassis | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31 | Goldman Multifamily Portfolio Tranche 5 | 1,676,454 | 0 | 1,676,454 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.01 | 7750 South Muskegon Avenue | 459,176 | 126,142 | 333,034 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.02 | 6437 South Kenwood Avenue | 283,180 | 73,586 | 209,594 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.03 | 7836 S. South Shore Drive | 175,776 | 73,721 | 102,055 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.04 | 7810 South Ada Street | 69,827 | 24,896 | 44,931 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.05 | 7760 South Coles Avenue | 58,776 | 38,251 | 20,525 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.06 | 8000 South Justine Street | 60,420 | 43,138 | 17,282 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
31.07 | 8214 South Ingleside Avenue | 6,936 | 27,910 | -20,974 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
32 | The Loom | 1,393,651 | 610,018 | 783,633 | Actual 2020 | 1,321,817 | 579,573 | 742,243 | Actual 2019 | 1,345,764 | ||||
33 | Walgreens Bayamón | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
34 | Sedona Village | 1,667,112 | 493,314 | 1,173,799 | Actual 2019 | 1,663,947 | 519,764 | 1,144,184 | Actual 2018 | 1,434,846 | ||||
35 | Washington Street Storage Portfolio #2 | 1,053,111 | 409,926 | 643,185 | Actual 2019 | 997,200 | 386,247 | 610,953 | Actual 2018 | 951,876 | ||||
35.01 | Storage Mall Lex Park | 292,108 | 82,537 | 209,571 | Actual 2019 | 286,202 | 84,068 | 202,134 | Actual 2018 | 275,762 | ||||
35.02 | Clarence Self Storage | 288,146 | 122,315 | 165,831 | Actual 2019 | 282,271 | 106,969 | 175,302 | Actual 2018 | 262,348 | ||||
35.03 | West Side Mini Storage | 297,858 | 131,681 | 166,177 | Actual 2019 | 254,013 | 126,313 | 127,701 | Actual 2018 | 253,974 | ||||
35.04 | Stor-Yor-Stuff | 174,998 | 73,393 | 101,606 | Actual 2019 | 174,713 | 68,897 | 105,817 | Actual 2018 | 159,792 | ||||
36 | The Shops at 407 & Corner Shoppes | 867,392 | 251,272 | 616,120 | Actual 2019 | 465,655 | 259,201 | 206,454 | Actual 2018 | 327,033 | ||||
36.01 | Shops at 407 | 481,123 | 151,067 | 330,056 | Actual 2019 | 152,315 | 171,702 | -19,387 | Actual 2018 | 9,910 | ||||
36.02 | Corner Shoppes | 386,268 | 100,205 | 286,064 | Actual 2019 | 313,341 | 87,500 | 225,841 | Actual 2018 | 317,123 | ||||
37 | 10 Industrial Avenue | 1,129,740 | 354,101 | 775,640 | Actual 2019 | 980,778 | 383,234 | 597,544 | NAV | NAV | ||||
38 | Oak Park Michigan Storage | 992,860 | 403,777 | 589,083 | Actual 2019 | 946,358 | 426,332 | 520,026 | Actual 2018 | 882,119 | ||||
39 | Farmington Hills Michigan Storage | 944,504 | 361,996 | 582,509 | Actual 2019 | 945,508 | 343,931 | 601,577 | Actual 2018 | 949,496 | ||||
40 | Haight & Fillmore Apartments | 839,663 | 118,056 | 721,607 | Actual 2019 | 828,876 | 147,256 | 681,620 | Actual 2018 | 764,438 | ||||
41 | GoodFriend Self Storage - East Harlem | 645,000 | 0 | 645,000 | Actual 2019 | 570,000 | 0 | 570,000 | Actual 2018 | 585,000 | ||||
42 | Whispering Palms Apartments | 949,200 | 496,964 | 452,236 | Actual 2019 | 771,144 | 489,486 | 281,658 | Annualized 5 12/31/2018 | 795,260 | ||||
43 | Elite RV & Boat Storage | 754,080 | 333,756 | 420,324 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
44 | Arcadia Shopping Center | 918,143 | 231,921 | 686,222 | Actual 2020 | 931,396 | 236,981 | 694,415 | Actual 2019 | 974,292 | ||||
45 | Turtle Creek Apartments | 816,085 | 351,440 | 464,645 | Actual 2020 | 814,919 | 340,138 | 474,781 | NAV | NAV | ||||
46 | Walgreens-Burbank | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
47 | Village Circle Apartments | 904,494 | 416,002 | 488,492 | Actual 2019 | 908,276 | 406,145 | 502,131 | Actual 2018 | 813,981 | ||||
48 | CVS Portfolio | 587,010 | 0 | 587,010 | Actual 2019 | 601,891 | 0 | 601,891 | Actual 2018 | 601,891 | ||||
48.01 | CVS Highland | 317,270 | 0 | 317,270 | Actual 2019 | 325,323 | 0 | 325,323 | Actual 2018 | 325,323 | ||||
48.02 | CVS Raytown | 269,740 | 0 | 269,740 | Actual 2019 | 276,568 | 0 | 276,568 | Actual 2018 | 276,568 | ||||
49 | La Hacienda Apartments | 745,966 | 372,890 | 373,076 | Actual 2019 | 704,417 | 445,788 | 258,629 | Actual 2018 | 709,288 | ||||
50 | 260 Centre Avenue | 566,553 | 192,089 | 374,464 | Actual 2019 | 549,686 | 187,300 | 362,386 | Actual 2018 | 533,144 | ||||
51 | Walgreens-Coralville | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
52 | Outerbanks Portfolio | 1,864,905 | 944,793 | 920,113 | 144 | 67 | Actual 2020 | 1,846,287 | 962,807 | 883,480 | 138 | 66 | Actual 2019 | 1,518,008 |
52.01 | Colonial Inn | 1,038,606 | 517,055 | 521,551 | 153 | 73 | Actual 2020 | 1,012,857 | 521,797 | 491,060 | 145 | 71 | Actual 2019 | 903,240 |
52.02 | Seahorse Inn | 826,299 | 427,737 | 398,562 | 135 | 61 | Actual 2020 | 833,429 | 441,009 | 392,420 | 131 | 62 | Actual 2019 | 614,768 |
53 | Astoria Portfolio | 436,047 | 79,158 | 356,890 | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||
54 | Tramec Sloan Industrial Building | 416,033 | 9,655 | 406,378 | Actual 2019 | 407,821 | 11,380 | 396,441 | Actual 2018 | 399,732 | ||||
55 | Walgreens-Germantown | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
56 | Davita - Lakeport | 325,635 | 17,571 | 308,065 | NAV | NAV | NAV | NAV | NAV | NAV | ||||
57 | Oak Park & Pecan Acres MHC Portfolio | 411,729 | 70,131 | 341,598 | Actual 2019 | 399,006 | 42,787 | 356,219 | Actual 2018 | 363,364 | ||||
57.01 | Oak Park MHC | 223,955 | 40,565 | 183,390 | Actual 2019 | 223,650 | 25,537 | 198,113 | Actual 2018 | 200,138 | ||||
57.02 | Pecan Acres MHC | 187,774 | 29,566 | 158,208 | Actual 2019 | 175,356 | 17,250 | 158,106 | Actual 2018 | 163,225 | ||||
58 | 850-860 Meridian Avenue | 264,258 | 140,187 | 124,070 | Actual 2020 | 258,717 | 140,966 | 117,751 | Actual 2019 | 347,289 | ||||
59 | Oakwood Flex Complex | 567,466 | 245,622 | 321,843 | Actual 2019 | 638,694 | 245,637 | 393,057 | Actual 2018 | 726,465 | ||||
60 | Peace River Village MHC | 455,427 | 199,793 | 255,633 | Actual 2019 | 417,840 | 205,520 | 212,320 | Actual 2018 | 382,795 | ||||
61 | StorQuest Phoenix - Bell Road | 428,957 | 210,636 | 218,322 | Actual 2019 | 411,644 | 195,335 | 216,309 | Actual 2018 | 401,793 | ||||
62 | Dunedin Mini Storage | 427,076 | 196,514 | 230,562 | Actual 2019 | 392,047 | 210,864 | 181,183 | Actual 2018 | 376,987 | ||||
63 | Dollar General Port Wentworth | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | NAV | ||||
A-1-7
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Third Most Recent Expenses ($) | Third Most Recent NOI ($) | Third Most Recent Hotel ADR | Third Most Recent Hotel RevPAR | Master Lease (Y/N) | Largest Tenant Name(6)(7)(12) | Largest Tenant Sq. Ft. | Largest Tenant % of NRA | Largest Tenant Exp. Date | 2nd Largest Tenant Name(7)(11)(12) | 2nd Largest Tenant Sq. Ft. | 2nd Largest Tenant % of NRA |
1 | Two Penn Center | 5,296,083 | 8,172,766 | N | Philadelphia Municipal Authority | 35,504 | 6.9% | 11/30/2027 | GSA - Federal Government | 25,964 | 5.0% | ||
2 | Amazon @ Atlas | NAV | NAV | N | Amazon.com Services LLC | 170,331 | 100.0% | 4/30/2029 | |||||
3 | Tri-State Distribution Center | 1,011,175 | 1,379,177 | N | New York Produce, Inc. | 69,266 | 27.8% | 2/28/2031 | PowerPak Civil & Safety, LLC | 66,011 | 26.5% | ||
4 | Magna Seating HQ | 546,814 | 2,983,713 | N | Magna Seating | 180,000 | 100.0% | 11/30/2034 | |||||
5 | MGM Grand & Mandalay Bay | 1,574,171,264 | 617,369,266 | 193 | 176 | Y | |||||||
5.01 | MGM Grand | 854,539,115 | 371,566,231 | 182 | 169 | Y | |||||||
5.02 | Mandalay Bay | 719,632,149 | 245,803,035 | 204 | 184 | Y | |||||||
6 | Seacrest Homes | 713,947 | 2,977,237 | N | |||||||||
7 | Phoenix Industrial Portfolio V | 2,362,152 | 5,419,840 | N | Various | Various | Various | Various | Various | Various | Various | ||
7.01 | Newton | 1,651,385 | 3,661,223 | N | Arcosa Wind Towers | 299,461 | 16.2% | 4/30/2022 | Graphic Packaging | 222,402 | 12.0% | ||
7.02 | Fort Smith | 431,205 | 1,078,820 | N | MP Warehouse, Inc. | 355139 | 0.296753864 | 45473 | Mars Petcare US, Inc. | 307,815 | 25.7% | ||
7.03 | Flint | 257,857 | 607,953 | N | Genesee Packaging Inc. | 290,267 | 58.6% | 7/31/2024 | Hirotec America Inc. | 143,689 | 29.0% | ||
7.04 | Coffeyville | 21,705 | 71,844 | N | Array Technologies, Inc. | 879,600 | 100.0% | 12/31/2022 | |||||
8 | Consumer Cellular | NAV | NAV | N | Consumer Cellular, Inc. | 163,607 | 100.0% | 5/31/2029 | |||||
9 | 160 Pine Street | 1,707,806 | 2,312,737 | N | Robinson Mills & Williams | 12,870 | 14.6% | 6/30/2022 | Forell/Elsesser Engineers | 12,839 | 14.6% | ||
10 | Metairie MOB Portfolio | 641,478 | 1,486,281 | N | Various | Various | Various | Various | Various | Various | Various | ||
10.01 | Independence Plaza | 334,533 | 836,585 | N | Diagnostic Imaging Services, Inc | 26,647 | 50.6% | 1/31/2036 | Chilis (Brinker Louisiana, Inc.) | 6,108 | 11.6% | ||
10.02 | 3530 Houma Boulevard | 306,944 | 649,696 | N | HUM Provider Holdings, LLC | 17081 | 0.519937903 | 46599 | PMR, LLC | 4,842 | 14.7% | ||
11 | The Ratner | 1,026,317 | 1,791,748 | N | NewSchool of Architecture & Design, LLC | 69,190 | 47.1% | 2/28/2026 | Hale Productions, LLC | 6,126 | 4.2% | ||
12 | Burke Town Center | 406,053 | 1,630,492 | N | 7-Eleven | 3,525 | 9.2% | 3/31/2026 | Villa Bella Ristorante Italian | 3,148 | 8.2% | ||
13 | Southridge Center | 1,082,811 | 2,453,687 | N | Walmart | 219,750 | 44.2% | 1/31/2026 | Sam’s Club | 131,394 | 26.4% | ||
14 | 8800 Baymeadows | 1,831,897 | 1,934,533 | N | Computershare | 82,382 | 37.5% | 10/31/2023 | FLDEP | 22,841 | 10.4% | ||
15 | Seaport Homes | 956,561 | 2,799,581 | N | |||||||||
16 | 2209 Sulphur Spring Road | NAV | NAV | N | Liberty Tire Services, LLC | 224,469 | 71.7% | 4/30/2027 | Indusco Wire Rope & Fittings | 88,531 | 28.3% | ||
17 | Southeast G6 Portfolio | 3,970,415 | 2,373,634 | 42 | 28 | N | |||||||
17.01 | Studio 6 Chamblee | 1,012,828 | 858,352 | 47 | 41 | N | |||||||
17.02 | Studio 6 Savannah | 931,027 | 662,653 | 43 | 27 | N | |||||||
17.03 | Motel 6 Greenville | 1,119,784 | 480,690 | 42 | 27 | N | |||||||
17.04 | Motel 6 / Studio 6 Augusta | 906,775 | 371,939 | 35 | 21 | N | |||||||
18 | Crescent Gateway | 2,180,376 | 4,173,826 | N | Cystic Fibrosis Foundation | 40,742 | 28.2% | 4/30/2023 | CVS Pharmacy | 9,200 | 6.4% | ||
19 | Herndon Square | 2,035,658 | 2,993,927 | N | General Dynamics Mission Systems, Inc. | 40,357 | 15.3% | 10/31/2022 | Cogent Communications, Inc. | 26,286 | 10.0% | ||
20 | Aspen Court Apartments | 1,244,843 | 1,546,060 | N | |||||||||
21 | Bensalem Plaza Shopping Center | 344,990 | 1,122,030 | N | Patel Bros Supermarket | 29,000 | 26.6% | 5/8/2030 | Super Value Household | 14,000 | 12.8% | ||
22 | Athens West Shopping Center | 408,316 | 1,150,073 | N | Big Lots, Inc | 42,420 | 23.8% | 1/31/2030 | America’s Thrift | 40,000 | 22.4% | ||
23 | Chico Mobile Country Club | 626,314 | 826,194 | N | |||||||||
24 | Allerand Portfolio 1 | 0 | 1,489,905 | N | Various | Various | Various | Various | |||||
24.01 | Walgreens Ironton | 0 | 197,860 | N | Walgreens | 11,166 | 100.0% | 5/31/2030 | |||||
24.02 | Rite Aid Holt | 0 | 219,844 | N | Rite Aid | 11,060 | 100.0% | 5/31/2030 | |||||
24.03 | Walgreens Ashland | 0 | 198,050 | N | Walgreens | 10,663 | 100.0% | 2/28/2026 | |||||
24.04 | Walgreens Stuarts Draft | 0 | 162,360 | N | Walgreens | 11,055 | 100.0% | 9/30/2060 | |||||
24.05 | Walgreens Clay | 0 | 153,180 | N | Walgreens | 11,225 | 100.0% | 5/31/2060 | |||||
24.06 | Walgreens Louisville | 0 | 193,536 | N | Walgreens | 10,912 | 100.0% | 5/31/2070 | |||||
24.07 | Rite Aid Fremont | 0 | 170,990 | N | Rite Aid | 11,092 | 100.0% | 5/31/2030 | |||||
24.08 | Rite Aid New Baltimore | 0 | 194,085 | N | Rite Aid | 11,100 | 100.0% | 5/31/2025 | |||||
25 | Ontario Gateway | 503,234 | 605,488 | N | VNA | 16,214 | 20.8% | 10/30/2024 | FH II, LLC | 14,138 | 18.1% | ||
26 | Cobble Hill Multifamily Portfolio | NAV | NAV | N | Various | Various | Various | Various | Various | Various | Various | ||
26.01 | 181 Court Street | NAV | NAV | N | Bagel-A-Day | 1,695 | 28.8% | 1/31/2023 | |||||
26.02 | 131 Smith Street | NAV | NAV | N | Malin & Goetz | 1,045 | 22.5% | 8/31/2026 | Blue Bottle Coffee | 355 | 7.6% | ||
27 | Walgreens Portfolio | NAV | NAV | N | Various | Various | Various | 12/31/2035 | |||||
27.01 | Walgreens-Santa Fe | NAV | NAV | N | Walgreen Co. -Santa Fe | 13,804 | 100.0% | 12/31/2035 | |||||
27.02 | Walgreens-Morehead City | NAV | NAV | N | Walgreen Co. - Morehead City | 14,411 | 100.0% | 12/31/2035 | |||||
28 | Gateway Business Park | NAV | NAV | N | 24/7 Events | 50,930 | 61.0% | 5/31/2027 | ITAD Services | 16,021 | 19.2% | ||
29 | Dearborn Industrial Portfolio | 450,946 | 403,955 | N | Various | Various | Various | Various | Various | Various | Various | ||
29.01 | 15000 North Commerce Drive | 129,265 | 93,693 | N | Detroit Classic Partners | 45,000 | 84.3% | 6/30/2023 | |||||
29.02 | 3001 Gulley Road | 100,244 | 5,337 | N | Centria | 24,210 | 60.0% | 3/31/2025 | Spectrum Signs & Designs | 8,070 | 20.0% | ||
29.03 | 15201 Century Drive | 93,239 | 168,786 | N | KLA Laboratories | 19,200 | 50.0% | 12/31/2022 | Rhombus Energy Solutions | 9,600 | 25.0% | ||
29.04 | 15301 Century Drive | 71,012 | 153,355 | N | Rhombus Energy Solutions | 35,963 | 100.0% | 3/31/2025 | |||||
29.05 | 15401 Century Drive | 57,186 | -17,216 | N | C & S Investments LLC | 15,600 | 72.2% | 9/30/2027 | Gemellaro Systems Integration | 6,000 | 27.8% | ||
29.06 | 15050 North Commerce Drive | NAV | NAV | N | LES STANFORD CHEVROLET - CADILLAC, INC. | 4,000 | 7.7% | MTM | |||||
29.07 | 15300 Rotunda Drive | NAV | NAV | N | Cayman Dynamics | 2,800 | 7.8% | 6/30/2023 | |||||
30 | Detroit Chassis | NAV | NAV | N | Detroit Chassis, LLC | 219,993 | 100.0% | 12/10/2032 | |||||
31 | Goldman Multifamily Portfolio Tranche 5 | NAV | NAV | N | |||||||||
31.01 | 7750 South Muskegon Avenue | NAV | NAV | N | |||||||||
31.02 | 6437 South Kenwood Avenue | NAV | NAV | N | |||||||||
31.03 | 7836 S. South Shore Drive | NAV | NAV | N | |||||||||
31.04 | 7810 South Ada Street | NAV | NAV | N | |||||||||
31.05 | 7760 South Coles Avenue | NAV | NAV | N | |||||||||
31.06 | 8000 South Justine Street | NAV | NAV | N | |||||||||
31.07 | 8214 South Ingleside Avenue | NAV | NAV | N | |||||||||
32 | The Loom | 683,529 | 662,235 | N | A & S Manufacturing | 9,335 | 5.0% | 5/31/2021 | Zach Industries | 5,048 | 2.7% | ||
33 | Walgreens Bayamón | NAV | NAV | N | Walgreen of Puerto Rico, Inc. | 15,660 | 100.0% | 8/31/2040 | |||||
34 | Sedona Village | 501,807 | 933,040 | N | Basha’s Grocery | 47,400 | 37.8% | 6/30/2026 | Beall’s Outlet Stores, Inc. | 11,720 | 9.3% | ||
35 | Washington Street Storage Portfolio #2 | 375,612 | 576,264 | N | |||||||||
35.01 | Storage Mall Lex Park | 80,312 | 195,450 | N | |||||||||
35.02 | Clarence Self Storage | 100,562 | 161,786 | N | |||||||||
35.03 | West Side Mini Storage | 122,136 | 131,838 | N | |||||||||
35.04 | Stor-Yor-Stuff | 72,602 | 87,190 | N | |||||||||
36 | The Shops at 407 & Corner Shoppes | 190,473 | 136,560 | N | Various | Various | Various | Various | Various | Various | Various | ||
36.01 | Shops at 407 | 102,959 | -93,049 | N | Comcast Cable Communications Mgmt, LLC | 4,100 | 28.7% | 6/30/2030 | Mission BBQ | 3,800 | 26.6% | ||
36.02 | Corner Shoppes | 87,514 | 229,610 | N | JS9 Fort Wayne, LLC dba iCRYO | 2,873 | 22.2% | 6/30/2030 | Blaze Midwest, Inc dba Blaze Pizza | 2,855 | 22.1% | ||
37 | 10 Industrial Avenue | NAV | NAV | N | Janome America, Inc | 34,370 | 37.4% | 5/31/2023 | Vectornate USA, Inc | 24,454 | 26.6% | ||
38 | Oak Park Michigan Storage | 367,875 | 514,244 | N | |||||||||
39 | Farmington Hills Michigan Storage | 355,632 | 593,865 | N | |||||||||
40 | Haight & Fillmore Apartments | 132,432 | 632,006 | N | |||||||||
41 | GoodFriend Self Storage - East Harlem | 0 | 585,000 | N | |||||||||
42 | Whispering Palms Apartments | 477,263 | 317,997 | N | |||||||||
43 | Elite RV & Boat Storage | NAV | NAV | N | |||||||||
44 | Arcadia Shopping Center | 270,009 | 704,283 | N | Acuity Eye Care | 4,425 | 19.8% | 9/30/2026 | Frost Bank | 3,000 | 13.4% | ||
45 | Turtle Creek Apartments | NAV | NAV | N | |||||||||
46 | Walgreens-Burbank | NAV | NAV | Y | Walgreens | 14,820 | 100.0% | 1/31/2088 | |||||
47 | Village Circle Apartments | 382,148 | 431,834 | N | |||||||||
48 | CVS Portfolio | 0 | 601,891 | N | CVS | 33,718 | 100.0% | 2/28/2041 | |||||
48.01 | CVS Highland | 0 | 325,323 | N | CVS | 16,854 | 100.0% | 2/28/2041 | |||||
48.02 | CVS Raytown | 0 | 276,568 | N | CVS | 16,864 | 100.0% | 2/28/2041 | |||||
49 | La Hacienda Apartments | 428,304 | 280,985 | N | |||||||||
50 | 260 Centre Avenue | 180,987 | 352,157 | N | |||||||||
51 | Walgreens-Coralville | NAV | NAV | N | Walgreen Co. | 14,759 | 100.0% | 1/31/2036 | |||||
52 | Outerbanks Portfolio | 880,817 | 637,191 | 119 | 55 | N | |||||||
52.01 | Colonial Inn | 477,790 | 425,450 | 122 | 63 | N | |||||||
52.02 | Seahorse Inn | 403,027 | 211,741 | 115 | 46 | N | |||||||
53 | Astoria Portfolio | NAV | NAV | N | Chatzi Construction | 4,500 | 25.5% | 6/30/2025 | Williams Specialty Services | 4,500 | 25.5% | ||
54 | Tramec Sloan Industrial Building | 10,768 | 388,965 | N | Tramec Sloan | 109,954 | 100.0% | 1/31/2026 | |||||
55 | Walgreens-Germantown | NAV | NAV | N | Walgreen Co. | 13,819 | 100.0% | 11/30/2035 | |||||
56 | Davita - Lakeport | NAV | NAV | N | DaVita | 11,026 | 100.0% | 7/31/2034 | |||||
57 | Oak Park & Pecan Acres MHC Portfolio | 55,384 | 307,980 | Y | |||||||||
57.01 | Oak Park MHC | 31,217 | 168,921 | Y | |||||||||
57.02 | Pecan Acres MHC | 24,167 | 139,058 | Y | |||||||||
58 | 850-860 Meridian Avenue | 151,424 | 195,865 | N | |||||||||
59 | Oakwood Flex Complex | 242,269 | 484,196 | N | Bureau Veritas North America, Inc. | 20,055 | 34.7% | 7/31/2024 | PSH | 7,005 | 12.1% | ||
60 | Peace River Village MHC | 207,785 | 175,011 | N | |||||||||
61 | StorQuest Phoenix - Bell Road | 198,518 | 203,275 | N | |||||||||
62 | Dunedin Mini Storage | 193,368 | 183,619 | N | |||||||||
63 | Dollar General Port Wentworth | NAV | NAV | N | Dollar General | 9,071 | 100.0% | 12/31/2035 | |||||
A-1-8
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 2nd Largest Tenant Exp. Date | 3rd Largest Tenant Name(6)(7)(8)(12) | 3rd Largest Tenant Sq. Ft. | 3rd Largest Tenant % of NRA | 3rd Largest Tenant Exp. Date |
1 | Two Penn Center | 5/31/2024 | Spear, Greenfield & Richman | 12,847 | 2.5% | 4/30/2025 |
2 | Amazon @ Atlas | |||||
3 | Tri-State Distribution Center | 5/31/2028 | AptarGroup Inc. | 24,071 | 9.7% | 2/28/2028 |
4 | Magna Seating HQ | |||||
5 | MGM Grand & Mandalay Bay | |||||
5.01 | MGM Grand | |||||
5.02 | Mandalay Bay | |||||
6 | Seacrest Homes | |||||
7 | Phoenix Industrial Portfolio V | Various | Various | Various | Various | Various |
7.01 | Newton | 12/31/2027 | FBN Inputs LLC | 186,508 | 10.1% | 6/30/2028 |
7.02 | Fort Smith | 8/31/2023 | QualServ Solutions LLC | 272,423 | 22.8% | 1/31/2026 |
7.03 | Flint | 5/31/2026 | Webcor Packaging Corporation | 58,493 | 11.8% | 12/31/2022 |
7.04 | Coffeyville | |||||
8 | Consumer Cellular | |||||
9 | 160 Pine Street | 3/31/2023 | IMEG Corp. | 8,204 | 9.3% | 3/31/2026 |
10 | Metairie MOB Portfolio | Various | Various | Various | Various | Various |
10.01 | Independence Plaza | 6/17/2025 | Sake Café (Rising Star Enterprises, LLC) | 5,000 | 9.5% | 5/31/2022 |
10.02 | 3530 Houma Boulevard | 8/31/2027 | Eye Surgery Center of Louisiana | 4,237 | 12.9% | 12/31/2024 |
11 | The Ratner | 3,828 SF on 8/31/2024; 1,724 SF on 6/30/2021; 574 SF on 8/31/2021 | Architects Local | 3,768 | 2.6% | 4/30/2022 |
12 | Burke Town Center | 5/31/2025 | Hopsfrog Grille | 2,904 | 7.6% | 1/31/2029 |
13 | Southridge Center | 1/31/2027 | Hobby Lobby | 63,261 | 12.7% | 10/31/2034 |
14 | 8800 Baymeadows | 8/31/2032 | CEVA Logistics | 20,079 | 9.1% | 9/30/2024 |
15 | Seaport Homes | |||||
16 | 2209 Sulphur Spring Road | 5/31/2029 | ||||
17 | Southeast G6 Portfolio | |||||
17.01 | Studio 6 Chamblee | |||||
17.02 | Studio 6 Savannah | |||||
17.03 | Motel 6 Greenville | |||||
17.04 | Motel 6 / Studio 6 Augusta | |||||
18 | Crescent Gateway | 11/30/2025 | Bethesda Chevy Chase Surgery Center LLC | 9,117 | 6.3% | 10/31/2029 |
19 | Herndon Square | 9/30/2023 | Beacon Roofing Supply, Inc. and Beacon Sales Acquisition, Inc. | 25,188 | 9.6% | 2/29/2024 |
20 | Aspen Court Apartments | |||||
21 | Bensalem Plaza Shopping Center | 12/31/2025 | Dollar General | 7,898 | 7.2% | 5/31/2024 |
22 | Athens West Shopping Center | 12/31/2035 | American Freight, Inc. | 22,000 | 12.3% | 5/10/2027 |
23 | Chico Mobile Country Club | |||||
24 | Allerand Portfolio 1 | |||||
24.01 | Walgreens Ironton | |||||
24.02 | Rite Aid Holt | |||||
24.03 | Walgreens Ashland | |||||
24.04 | Walgreens Stuarts Draft | |||||
24.05 | Walgreens Clay | |||||
24.06 | Walgreens Louisville | |||||
24.07 | Rite Aid Fremont | |||||
24.08 | Rite Aid New Baltimore | |||||
25 | Ontario Gateway | 12/31/2025 | State of California | 10,179 | 13.1% | 5,219 SF on 12/31/2027; 3,204 SF on 6/30/2028; 1,756 SF on 3/31/2027 |
26 | Cobble Hill Multifamily Portfolio | Various | ||||
26.01 | 181 Court Street | |||||
26.02 | 131 Smith Street | 1/31/2024 | ||||
27 | Walgreens Portfolio | |||||
27.01 | Walgreens-Santa Fe | |||||
27.02 | Walgreens-Morehead City | |||||
28 | Gateway Business Park | 12/31/2026 | Motion Industries | 11,131 | 13.3% | 12/31/2025 |
29 | Dearborn Industrial Portfolio | Various | Various | Various | Various | Various |
29.01 | 15000 North Commerce Drive | |||||
29.02 | 3001 Gulley Road | 1/31/2025 | Allyn Enterprises Inc. | 4,035 | 10.0% | 5/31/2021 |
29.03 | 15201 Century Drive | 3/31/2025 | Cayman Dynamics | 4,800 | 12.5% | 6/30/2023 |
29.04 | 15301 Century Drive | |||||
29.05 | 15401 Century Drive | 8/31/2021 | ||||
29.06 | 15050 North Commerce Drive | |||||
29.07 | 15300 Rotunda Drive | |||||
30 | Detroit Chassis | |||||
31 | Goldman Multifamily Portfolio Tranche 5 | |||||
31.01 | 7750 South Muskegon Avenue | |||||
31.02 | 6437 South Kenwood Avenue | |||||
31.03 | 7836 S. South Shore Drive | |||||
31.04 | 7810 South Ada Street | |||||
31.05 | 7760 South Coles Avenue | |||||
31.06 | 8000 South Justine Street | |||||
31.07 | 8214 South Ingleside Avenue | |||||
32 | The Loom | 1/31/2024 | GF Management | 5,000 | 2.7% | 1/31/2022 |
33 | Walgreens Bayamón | |||||
34 | Sedona Village | 1/31/2026 | Goodwill | 9,300 | 7.4% | 8/31/2027 |
35 | Washington Street Storage Portfolio #2 | |||||
35.01 | Storage Mall Lex Park | |||||
35.02 | Clarence Self Storage | |||||
35.03 | West Side Mini Storage | |||||
35.04 | Stor-Yor-Stuff | |||||
36 | The Shops at 407 & Corner Shoppes | Various | Various | Various | Various | Various |
36.01 | Shops at 407 | 1/31/2030 | Hard Core Mamma’s dba CoreLife Eatery | 3,500 | 24.5% | 1/31/2029 |
36.02 | Corner Shoppes | 8/31/2027 | T-Mobile Central, LLC | 2,475 | 19.1% | 1/31/2022 |
37 | 10 Industrial Avenue | 18,672 SF on 2/28/2023; 5,782 SF on 8/31/2021 | Mayr Corporation | 11,782 | 12.8% | 1/31/2025 |
38 | Oak Park Michigan Storage | |||||
39 | Farmington Hills Michigan Storage | |||||
40 | Haight & Fillmore Apartments | |||||
41 | GoodFriend Self Storage - East Harlem | |||||
42 | Whispering Palms Apartments | |||||
43 | Elite RV & Boat Storage | |||||
44 | Arcadia Shopping Center | 4/30/2029 | Potbelly Sandwich Shop | 3,000 | 13.4% | 9/30/2028 |
45 | Turtle Creek Apartments | |||||
46 | Walgreens-Burbank | |||||
47 | Village Circle Apartments | |||||
48 | CVS Portfolio | |||||
48.01 | CVS Highland | |||||
48.02 | CVS Raytown | |||||
49 | La Hacienda Apartments | |||||
50 | 260 Centre Avenue | |||||
51 | Walgreens-Coralville | |||||
52 | Outerbanks Portfolio | |||||
52.01 | Colonial Inn | |||||
52.02 | Seahorse Inn | |||||
53 | Astoria Portfolio | 5/31/2023 | ECD NY Inc | 4,436 | 25.2% | 5/31/2030 |
54 | Tramec Sloan Industrial Building | |||||
55 | Walgreens-Germantown | |||||
56 | Davita - Lakeport | |||||
57 | Oak Park & Pecan Acres MHC Portfolio | |||||
57.01 | Oak Park MHC | |||||
57.02 | Pecan Acres MHC | |||||
58 | 850-860 Meridian Avenue | |||||
59 | Oakwood Flex Complex | 2/15/2022 | Civitas Circle | 6,200 | 10.7% | 1/30/2023 |
60 | Peace River Village MHC | |||||
61 | StorQuest Phoenix - Bell Road | |||||
62 | Dunedin Mini Storage | |||||
63 | Dollar General Port Wentworth | |||||
A-1-9
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | 4th Largest Tenant Name(6) | 4th Largest Tenant Sq. Ft. | 4th Largest Tenant % of NRA | 4th Largest Tenant Exp. Date | 5th Largest Tenant Name(7) | 5th Largest Tenant Sq. Ft. | 5th Largest Tenant % of NRA | 5th Largest Tenant Exp. Date | Engineering Report Date | Environmental Report Date (Phase I) |
1 | Two Penn Center | Silvers & Langsam, PC | 12,601 | 2.4% | 2/28/2028 | Leonard, Sciolla, Hutchinson | 9,521 | 1.8% | 2/28/2023 | 3/2/2021 | 3/2/2021 |
2 | Amazon @ Atlas | 1/19/2021 | 1/19/2021 | ||||||||
3 | Tri-State Distribution Center | Bashier | 16,900 | 6.8% | 9/30/2028 | Content Critical | 16,800 | 6.7% | 10/31/2023 | 2/26/2021 | 1/29/2021 |
4 | Magna Seating HQ | 1/19/2021 | 1/18/2021 | ||||||||
5 | MGM Grand & Mandalay Bay | 2/11/2020 | 2/11/2020 | ||||||||
5.01 | MGM Grand | 2/11/2020 | 2/11/2020 | ||||||||
5.02 | Mandalay Bay | 2/11/2020 | 2/11/2020 | ||||||||
6 | Seacrest Homes | 3/16/2021 | 3/16/2021 | ||||||||
7 | Phoenix Industrial Portfolio V | Various | Various | Various | Various | Various | Various | Various | Various | Various | 10/27/2020 |
7.01 | Newton | Whirlpool Corporation | 133,405 | 7.2% | 12/31/2023 | MidAmerican Energy Co. | 129,521 | 7.0% | 12/31/2023 | 10/27/2020 | 10/27/2020 |
7.02 | Fort Smith | Stryten Manufacturing, LLC | 148,196 | 12.4% | 12/31/2025 | 10/28/2020 | 10/27/2020 | ||||
7.03 | Flint | ADESA Lansing, LLC | 1 | 0.0% | 10/31/2028 | 10/28/2020 | 10/27/2020 | ||||
7.04 | Coffeyville | 10/27/2020 | 10/27/2020 | ||||||||
8 | Consumer Cellular | 3/18/2021 | 3/18/2021 | ||||||||
9 | 160 Pine Street | Deans & Homer | 6,843 | 7.8% | 12/31/2025 | Posit Science | 5,925 | 6.7% | 3/31/2026 | 1/29/2021 | 1/29/2021 |
10 | Metairie MOB Portfolio | Various | Various | Various | Various | Various | Various | Various | Various | 12/22/2020 | 12/22/2020 |
10.01 | Independence Plaza | Phoenicia Restaurant (AC2K, LLC) | 3,860 | 7.3% | 1/31/2022 | Louisiana Primary Care Consultants (Med-Corp Management, LLC) | 2,570 | 4.9% | 8/31/2023 | 12/22/2020 | 12/22/2020 |
10.02 | 3530 Houma Boulevard | Ochsner Clinic Foundation | 4,116 | 12.5% | 3/31/2027 | One Spine Institue, LLC | 2,576 | 7.8% | 3/31/2028 | 12/22/2020 | 12/22/2020 |
11 | The Ratner | TallGrass Studios, LLC | 3,102 | 2.1% | 5/31/2025 | Carousel, LLC | 2,455 | 1.7% | MTM | 2/16/2021 | 2/16/2021 |
12 | Burke Town Center | Smith and Clarksons Deli | 2,600 | 6.8% | 10/31/2025 | Kumon Math Center | 2,457 | 6.4% | 2/28/2022 | 12/16/2020 | 12/18/2020 |
13 | Southridge Center | Ashley Furniture | 45,520 | 9.2% | 11/30/2021 | Petco | 12,000 | 2.4% | 1/31/2024 | 10/5/2020 | 10/6/2020 |
14 | 8800 Baymeadows | Allstate Insurance | 18,548 | 8.5% | 2/28/2022 | Autoquotes | 14,997 | 6.8% | 5/31/2025 | 12/14/2020 | 12/14/2020 |
15 | Seaport Homes | 1/11/2021 | 1/11/2021 | ||||||||
16 | 2209 Sulphur Spring Road | 1/15/2021 | 1/4/2021 | ||||||||
17 | Southeast G6 Portfolio | 3/10/2021 | Various | ||||||||
17.01 | Studio 6 Chamblee | 3/10/2021 | 3/10/2021 | ||||||||
17.02 | Studio 6 Savannah | 3/10/2021 | 3/10/2021 | ||||||||
17.03 | Motel 6 Greenville | 3/10/2021 | 3/10/2021 | ||||||||
17.04 | Motel 6 / Studio 6 Augusta | 3/10/2021 | 3/11/2021 | ||||||||
18 | Crescent Gateway | Pulse Fitness | 6,858 | 4.7% | 5/4/2032 | CareMetx, LLC | 6,267 | 4.3% | 6/30/2028 | 12/9/2020 | 12/9/2020 |
19 | Herndon Square | Advanced Simulation Technology, Inc. | 17,126 | 6.5% | 4/30/2022 | Tiger Innovations, Inc. | 15,952 | 6.1% | 11/30/2025 | 1/15/2021 | 1/18/2021 |
20 | Aspen Court Apartments | 1/28/2021 | 1/27/2021 | ||||||||
21 | Bensalem Plaza Shopping Center | Super Value Furniture | 6,000 | 5.5% | 10/31/2028 | Advance Auto | 5,200 | 4.8% | 4/30/2024 | 10/6/2020 | 11/3/2020 |
22 | Athens West Shopping Center | Biotest Pharmaceuticals Co. | 13,000 | 7.3% | 12/4/2029 | Citi Trends, Inc. | 11,580 | 6.5% | 1/31/2023 | 1/13/2020 | 12/10/2019 |
23 | Chico Mobile Country Club | 3/4/2021 | 3/4/2021 | ||||||||
24 | Allerand Portfolio 1 | Various | Various | ||||||||
24.01 | Walgreens Ironton | 10/22/2020 | 10/26/2020 | ||||||||
24.02 | Rite Aid Holt | 10/26/2020 | 10/26/2020 | ||||||||
24.03 | Walgreens Ashland | 10/26/2020 | 10/26/2020 | ||||||||
24.04 | Walgreens Stuarts Draft | 10/26/2020 | 10/26/2020 | ||||||||
24.05 | Walgreens Clay | 10/26/2020 | 10/26/2020 | ||||||||
24.06 | Walgreens Louisville | 10/23/2020 | 10/26/2020 | ||||||||
24.07 | Rite Aid Fremont | 10/26/2020 | 10/26/2020 | ||||||||
24.08 | Rite Aid New Baltimore | 10/26/2020 | 10/5/2020 | ||||||||
25 | Ontario Gateway | Orange Coast Title | 6,463 | 8.3% | 11/30/2026 | Center for Autism | 4,737 | 6.1% | 9/30/2021 | 3/4/2021 | 3/8/2021 |
26 | Cobble Hill Multifamily Portfolio | 1/20/2021 | Various | ||||||||
26.01 | 181 Court Street | 1/20/2021 | 1/21/2021 | ||||||||
26.02 | 131 Smith Street | 1/20/2021 | 1/22/2021 | ||||||||
27 | Walgreens Portfolio | Various | Various | ||||||||
27.01 | Walgreens-Santa Fe | 1/25/2021 | 10/28/2020 | ||||||||
27.02 | Walgreens-Morehead City | 2/2/2021 | 12/21/2020 | ||||||||
28 | Gateway Business Park | 3/1/2021 | 2/26/2021 | ||||||||
29 | Dearborn Industrial Portfolio | Various | Various | Various | Various | Various | Various | ||||
29.01 | 15000 North Commerce Drive | 12/9/2020 | 12/4/2020 | ||||||||
29.02 | 3001 Gulley Road | 12/9/2020 | 12/8/2020 | ||||||||
29.03 | 15201 Century Drive | Michigan Technology Partners | 4,800 | 12.5% | MTM | 12/9/2020 | 12/9/2020 | ||||
29.04 | 15301 Century Drive | 12/9/2020 | 12/5/2020 | ||||||||
29.05 | 15401 Century Drive | 12/9/2020 | 12/5/2020 | ||||||||
29.06 | 15050 North Commerce Drive | 1/27/2021 | 1/28/2021 | ||||||||
29.07 | 15300 Rotunda Drive | 1/27/2021 | 1/28/2021 | ||||||||
30 | Detroit Chassis | 12/3/2020 | 12/1/2020 | ||||||||
31 | Goldman Multifamily Portfolio Tranche 5 | 11/16/2020 | Various | ||||||||
31.01 | 7750 South Muskegon Avenue | 11/16/2020 | 11/16/2020 | ||||||||
31.02 | 6437 South Kenwood Avenue | 11/16/2020 | 11/16/2020 | ||||||||
31.03 | 7836 S. South Shore Drive | 11/16/2020 | 11/16/2020 | ||||||||
31.04 | 7810 South Ada Street | 11/16/2020 | 12/4/2020 | ||||||||
31.05 | 7760 South Coles Avenue | 11/16/2020 | 11/16/2020 | ||||||||
31.06 | 8000 South Justine Street | 11/16/2020 | 12/4/2020 | ||||||||
31.07 | 8214 South Ingleside Avenue | 11/16/2020 | 12/4/2020 | ||||||||
32 | The Loom | Laura Weiszer | 4,000 | 2.2% | 12/31/2021 | Taqiy A. Muhammad | 3,300 | 1.8% | 2/28/2022 | 3/15/2021 | 3/15/2021 |
33 | Walgreens Bayamón | 1/21/2021 | 1/20/2021 | ||||||||
34 | Sedona Village | O’Reilly Auto Parts | 7,000 | 5.6% | 1/31/2024 | Sedona Consignments | 6,004 | 4.8% | 11/30/2024 | 1/22/2021 | 1/22/2021 |
35 | Washington Street Storage Portfolio #2 | Various | Various | ||||||||
35.01 | Storage Mall Lex Park | 3/1/2021 | 3/1/2021 | ||||||||
35.02 | Clarence Self Storage | 3/3/2021 | 3/8/2021 | ||||||||
35.03 | West Side Mini Storage | 3/1/2021 | 3/1/2021 | ||||||||
35.04 | Stor-Yor-Stuff | 3/1/2021 | 3/1/2021 | ||||||||
36 | The Shops at 407 & Corner Shoppes | Various | Various | Various | Various | Various | Various | Various | Various | 12/24/2020 | 12/28/2020 |
36.01 | Shops at 407 | Wing Stop | 1,800 | 12.6% | 8/31/2026 | 5 Star Nutrition, LLC dba 5 Star Nutrition | 1,071 | 7.5% | 8/31/2030 | 12/24/2020 | 12/28/2020 |
36.02 | Corner Shoppes | Stanton Optical | 2,375 | 18.4% | 3/31/2023 | Red Wing Shoes | 2,361 | 18.2% | 5/31/2029 | 12/24/2020 | 12/28/2020 |
37 | 10 Industrial Avenue | All Things Media | 7,568 | 8.2% | 12/31/2023 | Transcend Wireless | 4,761 | 5.2% | MTM | 12/29/2020 | 12/30/2020 |
38 | Oak Park Michigan Storage | 3/16/2021 | 3/16/2021 | ||||||||
39 | Farmington Hills Michigan Storage | 3/16/2021 | 3/16/2021 | ||||||||
40 | Haight & Fillmore Apartments | 1/19/2021 | 1/15/2021 | ||||||||
41 | GoodFriend Self Storage - East Harlem | 11/2/2020 | 11/2/2020 | ||||||||
42 | Whispering Palms Apartments | 1/27/2021 | 2/1/2021 | ||||||||
43 | Elite RV & Boat Storage | 2/16/2021 | 2/12/2021 | ||||||||
44 | Arcadia Shopping Center | Cobblestone Cottage | 2,500 | 11.2% | 11/30/2024 | Fedex Office | 1,875 | 8.4% | 7/31/2023 | 3/15/2021 | 3/15/2021 |
45 | Turtle Creek Apartments | 2/24/2021 | 2/24/2021 | ||||||||
46 | Walgreens-Burbank | 11/16/2020 | 11/16/2020 | ||||||||
47 | Village Circle Apartments | 1/13/2021 | 1/13/2021 | ||||||||
48 | CVS Portfolio | Various | 12/29/2020 | ||||||||
48.01 | CVS Highland | 1/28/2021 | 12/29/2020 | ||||||||
48.02 | CVS Raytown | 12/23/2020 | 12/29/2020 | ||||||||
49 | La Hacienda Apartments | 1/18/2021 | 1/19/2021 | ||||||||
50 | 260 Centre Avenue | 2/19/2021 | 2/19/2021 | ||||||||
51 | Walgreens-Coralville | 2/2/2021 | 2/26/2021 | ||||||||
52 | Outerbanks Portfolio | 2/25/2021 | 2/25/2021 | ||||||||
52.01 | Colonial Inn | 2/25/2021 | 2/25/2021 | ||||||||
52.02 | Seahorse Inn | 2/25/2021 | 2/25/2021 | ||||||||
53 | Astoria Portfolio | S Grace Facilities, Inc. | 4,200 | 23.8% | 4/30/2025 | 2/17/2021 | 2/17/2021 | ||||
54 | Tramec Sloan Industrial Building | 3/9/2021 | 3/9/2021 | ||||||||
55 | Walgreens-Germantown | 2/2/2021 | 2/1/2021 | ||||||||
56 | Davita - Lakeport | 11/22/2019 | 11/22/2019 | ||||||||
57 | Oak Park & Pecan Acres MHC Portfolio | 2/12/2021 | 2/12/2021 | ||||||||
57.01 | Oak Park MHC | 2/12/2021 | 2/12/2021 | ||||||||
57.02 | Pecan Acres MHC | 2/12/2021 | 2/12/2021 | ||||||||
58 | 850-860 Meridian Avenue | 3/17/2021 | 3/10/2021 | ||||||||
59 | Oakwood Flex Complex | TMC Environmental | 4,274 | 7.4% | 6/30/2024 | Citicare | 3,075 | 5.3% | 8/31/2024 | 1/26/2021 | 1/26/2021 |
60 | Peace River Village MHC | 11/30/2020 | 11/30/2020 | ||||||||
61 | StorQuest Phoenix - Bell Road | 11/2/2020 | 11/2/2020 | ||||||||
62 | Dunedin Mini Storage | 2/15/2021 | 2/15/2021 | ||||||||
63 | Dollar General Port Wentworth | 12/30/2020 | 11/12/2020 | ||||||||
A-1-10
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Environmental Report Date (Phase II) | Seismic Report Date | Seismic PML % | Seismic Insurance Required (Y/N) | Terrorism Insurance (Y/N) | Loan Purpose | Engineering Escrow / Deferred Maintenance ($) | Tax Escrow (Initial) | Monthly Tax Escrow ($) | Insurance Escrow (Initial) | Monthly Insurance Escrow ($) | Upfront Replacement Reserve ($) | Monthly Replacement Reserve ($) | Replacement Reserve Cap ($) |
1 | Two Penn Center | N | Y | Refinance | 0 | 125,966 | 125,966 | 0 | Springing | 0 | 6,472 | 233,006 | |||
2 | Amazon @ Atlas | 1/19/2021 | 14.0% | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | 0 | 0 | |
3 | Tri-State Distribution Center | N | Y | Refinance | 0 | 218,566 | 54,642 | 11,340 | 5,670 | 0 | 2,077 | 100,000 | |||
4 | Magna Seating HQ | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | |||
5 | MGM Grand & Mandalay Bay | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | |||
5.01 | MGM Grand | N | Y | ||||||||||||
5.02 | Mandalay Bay | N | Y | ||||||||||||
6 | Seacrest Homes | 3/23/2021 | 9.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 3,667 | 3,667 | 0 | |
7 | Phoenix Industrial Portfolio V | N | Y | Refinance | 234,194 | 372,457 | 84,962 | 298,808 | 37,241 | 0 | 36,847 | 880,000 | |||
7.01 | Newton | N | Y | ||||||||||||
7.02 | Fort Smith | N | Y | ||||||||||||
7.03 | Flint | N | Y | ||||||||||||
7.04 | Coffeyville | N | Y | ||||||||||||
8 | Consumer Cellular | N | Y | Refinance | 0 | 0 | 24,325 | 11,427 | 3,809 | 0 | 3,408 | 122,705 | |||
9 | 160 Pine Street | 1/29/2021 | 18.0% | N | Y | Refinance | 0 | 17,495 | 17,495 | 6,728 | 3,364 | 0 | 1,690 | 40,560 | |
10 | Metairie MOB Portfolio | N | Y | Recapitalization | 10,870 | 65,170 | 21,723 | 56,008 | 11,202 | 0 | 1,424 | 0 | |||
10.01 | Independence Plaza | N | Y | ||||||||||||
10.02 | 3530 Houma Boulevard | N | Y | ||||||||||||
11 | The Ratner | 2/16/2021 | 13.0% | N | Y | Refinance | 0 | 77,946 | 38,973 | 12,918 | Springing | 0 | 3,058 | 0 | |
12 | Burke Town Center | N | Y | Refinance | 0 | 63,259 | 20,082 | 13,854 | 1,319 | 0 | 478 | 0 | |||
13 | Southridge Center | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | |||
14 | 8800 Baymeadows | N | Y | Refinance | 0 | 156,223 | 33,961 | 67,256 | 12,010 | 0 | 4,572 | 0 | |||
15 | Seaport Homes | 1/11/2021 | 8.0% | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 3,967 | 3,967 | 100,000 | |
16 | 2209 Sulphur Spring Road | N | Y | Acquisition | 0 | 56,887 | 9,481 | 0 | Springing | 0 | 2,608 | 150,000 | |||
17 | Southeast G6 Portfolio | N | Y | Refinance | 112,560 | 107,476 | 21,495 | 0 | 11,652 | 0 | 1/12th of the greater of (i) following 4/6/2022, 5.0% of gross revenues or (ii) amount requried by the franchise agreement. | 0 | |||
17.01 | Studio 6 Chamblee | N | Y | ||||||||||||
17.02 | Studio 6 Savannah | N | Y | ||||||||||||
17.03 | Motel 6 Greenville | N | Y | ||||||||||||
17.04 | Motel 6 / Studio 6 Augusta | N | Y | ||||||||||||
18 | Crescent Gateway | N | Y | Refinance | 0 | 359,137 | 51,305 | 13,892 | 4,631 | 0 | 2,412 | 90,903 | |||
19 | Herndon Square | N | Y | Refinance | 0 | 381,296 | 58,661 | 0 | Springing | 0 | 4,392 | 197,631 | |||
20 | Aspen Court Apartments | N | Y | Refinance | 175,483 | 315,630 | 38,680 | 10,439 | 5,117 | 0 | 6,854 | 0 | |||
21 | Bensalem Plaza Shopping Center | N | Y | Refinance | 89,988 | 65,320 | 15,552 | 8,165 | 3,888 | 0 | 1,364 | 0 | |||
22 | Athens West Shopping Center | N | Y | Refinance | 17,813 | 89,100 | 14,850 | 0 | Springing | 0 | 1,487 | 0 | |||
23 | Chico Mobile Country Club | 3/5/2021 | 7.0% | N | Y | Refinance | 0 | 0 | 4,973 | 13,887 | 1,361 | 0 | 905 | 0 | |
24 | Allerand Portfolio 1 | N | Y | Refinance | 113,643 | 0 | Springing | 1,364 | 1,299 | 0 | Springing | 0 | |||
24.01 | Walgreens Ironton | N | Y | ||||||||||||
24.02 | Rite Aid Holt | N | Y | ||||||||||||
24.03 | Walgreens Ashland | N | Y | ||||||||||||
24.04 | Walgreens Stuarts Draft | N | Y | ||||||||||||
24.05 | Walgreens Clay | N | Y | ||||||||||||
24.06 | Walgreens Louisville | N | Y | ||||||||||||
24.07 | Rite Aid Fremont | N | Y | ||||||||||||
24.08 | Rite Aid New Baltimore | N | Y | ||||||||||||
25 | Ontario Gateway | 3/4/2021 | 10.0% | N | Y | Refinance | 0 | 8,554 | 8,554 | 1,541 | 1,541 | 0 | 1,298 | 0 | |
26 | Cobble Hill Multifamily Portfolio | N | Y | Refinance | 15,250 | 0 | 3,969 | 2,760 | 876 | 0 | 268 | 0 | |||
26.01 | 181 Court Street | N | Y | ||||||||||||
26.02 | 131 Smith Street | N | Y | ||||||||||||
27 | Walgreens Portfolio | N | Y | Acquisition | 0 | 0 | Springing | 544 | 209 | 0 | Springing | 0 | |||
27.01 | Walgreens-Santa Fe | N | Y | ||||||||||||
27.02 | Walgreens-Morehead City | N | Y | ||||||||||||
28 | Gateway Business Park | 2/26/2021 | 14.0% | N | Y | Refinance | 0 | 12,372 | 11,783 | 6,987 | 739 | 0 | 696 | 41,748 | |
29 | Dearborn Industrial Portfolio | N | Y | Refinance | 189,130 | 45,770 | 17,604 | 15,550 | 3,380 | 0 | 6,674 | 240,247 | |||
29.01 | 15000 North Commerce Drive | N | Y | ||||||||||||
29.02 | 3001 Gulley Road | N | Y | ||||||||||||
29.03 | 15201 Century Drive | N | Y | ||||||||||||
29.04 | 15301 Century Drive | N | Y | ||||||||||||
29.05 | 15401 Century Drive | N | Y | ||||||||||||
29.06 | 15050 North Commerce Drive | N | Y | ||||||||||||
29.07 | 15300 Rotunda Drive | N | Y | ||||||||||||
30 | Detroit Chassis | 1/3/2020 | N | Y | Acquisition | 0 | 0 | 14,037 | 0 | 3,826 | 0 | 1,833 | 0 | ||
31 | Goldman Multifamily Portfolio Tranche 5 | N | Y | Acquisition | 0 | 33,705 | 11,235 | 0 | Springing | 0 | 3,460 | 0 | |||
31.01 | 7750 South Muskegon Avenue | N | Y | ||||||||||||
31.02 | 6437 South Kenwood Avenue | N | Y | ||||||||||||
31.03 | 7836 S. South Shore Drive | N | Y | ||||||||||||
31.04 | 7810 South Ada Street | N | Y | ||||||||||||
31.05 | 7760 South Coles Avenue | N | Y | ||||||||||||
31.06 | 8000 South Justine Street | N | Y | ||||||||||||
31.07 | 8214 South Ingleside Avenue | N | Y | ||||||||||||
32 | The Loom | N | Y | Refinance | 56,178 | 7,723 | 3,862 | 31,667 | 6,333 | 0 | 4,490 | 0 | |||
33 | Walgreens Bayamón | 1/21/2021 | 12.0% | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | |
34 | Sedona Village | N | Y | Refinance | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | |||
35 | Washington Street Storage Portfolio #2 | N | Y | Acquisition | 152,063 | 37,724 | 7,186 | 2,899 | 1,381 | 0 | 1,646 | ||||
35.01 | Storage Mall Lex Park | N | Y | ||||||||||||
35.02 | Clarence Self Storage | N | Y | ||||||||||||
35.03 | West Side Mini Storage | N | Y | ||||||||||||
35.04 | Stor-Yor-Stuff | N | Y | ||||||||||||
36 | The Shops at 407 & Corner Shoppes | N | Y | Acquisition | 0 | 27,023 | 4,826 | 2,468 | 949 | 0 | 340 | 0 | |||
36.01 | Shops at 407 | N | Y | ||||||||||||
36.02 | Corner Shoppes | N | Y | ||||||||||||
37 | 10 Industrial Avenue | N | Y | Refinance | 5,875 | 39,678 | 13,226 | 13,082 | 1,454 | 0 | 765 | 0 | |||
38 | Oak Park Michigan Storage | N | Y | Refinance | 7,750 | 59,144 | 7,393 | 0 | Springing | 0 | 1,465 | 0 | |||
39 | Farmington Hills Michigan Storage | N | Y | Refinance | 7,750 | 65,778 | 10,963 | 0 | Springing | 0 | 780 | 0 | |||
40 | Haight & Fillmore Apartments | 1/19/2021 | 19.0% | N | Y | Refinance | 0 | 1,797 | 1,123 | 18,055 | 2,736 | 0 | 703 | 0 | |
41 | GoodFriend Self Storage - East Harlem | N | Y | Refinance | 0 | 29,073 | 9,230 | 0 | Springing | 0 | Springing | 0 | |||
42 | Whispering Palms Apartments | N | Y | Refinance | 0 | 50,168 | 9,556 | 0 | 0 | 0 | 1,333 | 0 | |||
43 | Elite RV & Boat Storage | N | Y | Acquisition | 0 | 39,274 | 6,546 | 8,075 | 4,038 | 0 | 425 | 0 | |||
44 | Arcadia Shopping Center | N | Y | Refinance | 0 | 45,762 | 11,440 | 0 | Springing | 0 | 373 | 0 | |||
45 | Turtle Creek Apartments | N | Y | Refinance | 3,718 | 4,762 | 4,762 | 10,741 | 3,571 | 150,000 | 3,250 | 0 | |||
46 | Walgreens-Burbank | N | Y | Acquisition | 0 | 0 | Springing | 3,918 | 356 | 0 | Springing | 0 | |||
47 | Village Circle Apartments | N | Y | Refinance | 133,868 | 28,269 | 6,145 | 60,545 | 5,712 | 0 | 4,313 | 0 | |||
48 | CVS Portfolio | N | Y | Acquisition | 0 | 0 | Springing | 0 | Springing | 0 | Springing | 0 | |||
48.01 | CVS Highland | N | Y | ||||||||||||
48.02 | CVS Raytown | N | Y | ||||||||||||
49 | La Hacienda Apartments | N | Y | Refinance | 47,803 | 0 | 6,352 | 11,291 | 3,584 | 75,000 | 2,842 | 0 | |||
50 | 260 Centre Avenue | N | Y | Refinance | 0 | 14,043 | 6,687 | 11,809 | 1,125 | 0 | 646 | 0 | |||
51 | Walgreens-Coralville | N | Y | Refinance | 0 | 0 | Springing | 284 | 109 | 0 | Springing | 0 | |||
52 | Outerbanks Portfolio | N | Y | Refinance | 8,656 | 5,815 | 2,908 | 10,512 | 10,512 | 0 | 6,216 | 0 | |||
52.01 | Colonial Inn | N | Y | ||||||||||||
52.02 | Seahorse Inn | N | Y | ||||||||||||
53 | Astoria Portfolio | N | Y | Recapitalization | 0 | 14,089 | 5,419 | 4,679 | 1,799 | 0 | 220 | 7,936 | |||
54 | Tramec Sloan Industrial Building | N | Y | Refinance | 0 | 0 | Springing | 7,984 | 798 | 0 | 916 | 0 | |||
55 | Walgreens-Germantown | 2/2/2021 | 6.0% | N | Y | Acquisition | 0 | 0 | Springing | 266 | 102 | 0 | Springing | 0 | |
56 | Davita - Lakeport | 11/18/2019 | 6.0% | N | Y | Acquisition | 0 | 1,023 | 222 | 539 | 337 | 0 | 230 | 8,280 | |
57 | Oak Park & Pecan Acres MHC Portfolio | N | Y | Refinance | 0 | 4,619 | 924 | 4,645 | 464 | 613 | 613 | 0 | |||
57.01 | Oak Park MHC | N | Y | ||||||||||||
57.02 | Pecan Acres MHC | N | Y | ||||||||||||
58 | 850-860 Meridian Avenue | N | N | Refinance | 0 | 0 | 4,843 | 0 | 4,606 | 0 | 417 | 0 | |||
59 | Oakwood Flex Complex | N | Y | Acquisition | 0 | 85,593 | 10,699 | 1,643 | 822 | 0 | 722 | 0 | |||
60 | Peace River Village MHC | N | Y | Refinance | 34,281 | 13,569 | 3,392 | 4,456 | 2,228 | 40,719 | 496 | 0 | |||
61 | StorQuest Phoenix - Bell Road | N | Y | Refinance | 0 | 11,288 | 2,454 | 0 | Springing | 0 | 329 | 11,856 | |||
62 | Dunedin Mini Storage | N | Y | Acquisition | 3,907 | 17,555 | 3,511 | 5,634 | 1,878 | 362 | 362 | 0 | |||
63 | Dollar General Port Wentworth | N | Y | Acquisition | 0 | 8,050 | 1,610 | 0 | Springing | 0 | Springing | 0 | |||
A-1-11
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Upfront TI/LC Reserve ($) | Monthly TI/LC Reserve ($) | TI/LC Reserve Cap ($) |
1 | Two Penn Center | 500,000 | 43,009 | 1,500,000 |
2 | Amazon @ Atlas | 0 | 0 | 0 |
3 | Tri-State Distribution Center | 400,000 | Springing | 400,000 |
4 | Magna Seating HQ | 0 | Springing | An amount equal to $20.00 per square foot of area in the portion of the Magna Seating Premises for which the Magna Seating Lease has been terminated or that has been vacated by Magna Seating or in which Magna Seating is no longer operating |
5 | MGM Grand & Mandalay Bay | 0 | 0 | 0 |
5.01 | MGM Grand | |||
5.02 | Mandalay Bay | |||
6 | Seacrest Homes | 0 | 0 | 0 |
7 | Phoenix Industrial Portfolio V | 1,500,000 | Springing | 1,500,000 |
7.01 | Newton | |||
7.02 | Fort Smith | |||
7.03 | Flint | |||
7.04 | Coffeyville | |||
8 | Consumer Cellular | 0 | 20,451 | 0 |
9 | 160 Pine Street | 1,500,000 | 18,370 | 1,500,000 |
10 | Metairie MOB Portfolio | 0 | 8,903 | 0 |
10.01 | Independence Plaza | |||
10.02 | 3530 Houma Boulevard | |||
11 | The Ratner | 750,000 | 9,175 | 1,100,000 |
12 | Burke Town Center | 0 | 3,186 | 115,000 |
13 | Southridge Center | 0 | Springing | 1,243,105 |
14 | 8800 Baymeadows | 800,000 | 9,144 | 0 |
15 | Seaport Homes | 0 | 0 | 0 |
16 | 2209 Sulphur Spring Road | 0 | 5,217 | $350,000, reduced to $175,000 if Liberty Tire Services renew its lease in accordance with loan docs |
17 | Southeast G6 Portfolio | 0 | 0 | 0 |
17.01 | Studio 6 Chamblee | |||
17.02 | Studio 6 Savannah | |||
17.03 | Motel 6 Greenville | |||
17.04 | Motel 6 / Studio 6 Augusta | |||
18 | Crescent Gateway | 2,200,000 | Springing | 2,000,000 |
19 | Herndon Square | 1,000,000 | 32,938 | 1,600,000 |
20 | Aspen Court Apartments | 0 | 0 | 0 |
21 | Bensalem Plaza Shopping Center | 250,000 | 5,456 | 0 |
22 | Athens West Shopping Center | 250,000 | 7,433 | 0 |
23 | Chico Mobile Country Club | 0 | 0 | 0 |
24 | Allerand Portfolio 1 | 0 | 7,356 | 0 |
24.01 | Walgreens Ironton | |||
24.02 | Rite Aid Holt | |||
24.03 | Walgreens Ashland | |||
24.04 | Walgreens Stuarts Draft | |||
24.05 | Walgreens Clay | |||
24.06 | Walgreens Louisville | |||
24.07 | Rite Aid Fremont | |||
24.08 | Rite Aid New Baltimore | |||
25 | Ontario Gateway | 300,000 | 6,492 | 500,000 |
26 | Cobble Hill Multifamily Portfolio | 0 | 516 | 0 |
26.01 | 181 Court Street | |||
26.02 | 131 Smith Street | |||
27 | Walgreens Portfolio | 0 | Springing | 0 |
27.01 | Walgreens-Santa Fe | |||
27.02 | Walgreens-Morehead City | |||
28 | Gateway Business Park | 0 | 2,783 | 0 |
29 | Dearborn Industrial Portfolio | 150,000 | 10,423 | 300,000 |
29.01 | 15000 North Commerce Drive | |||
29.02 | 3001 Gulley Road | |||
29.03 | 15201 Century Drive | |||
29.04 | 15301 Century Drive | |||
29.05 | 15401 Century Drive | |||
29.06 | 15050 North Commerce Drive | |||
29.07 | 15300 Rotunda Drive | |||
30 | Detroit Chassis | 250,000 | 5,500 | 0 |
31 | Goldman Multifamily Portfolio Tranche 5 | 0 | 0 | 0 |
31.01 | 7750 South Muskegon Avenue | |||
31.02 | 6437 South Kenwood Avenue | |||
31.03 | 7836 S. South Shore Drive | |||
31.04 | 7810 South Ada Street | |||
31.05 | 7760 South Coles Avenue | |||
31.06 | 8000 South Justine Street | |||
31.07 | 8214 South Ingleside Avenue | |||
32 | The Loom | 0 | 0 | 0 |
33 | Walgreens Bayamón | 0 | Springing | 0 |
34 | Sedona Village | 0 | Springing | 627,035 |
35 | Washington Street Storage Portfolio #2 | 0 | 0 | 0 |
35.01 | Storage Mall Lex Park | |||
35.02 | Clarence Self Storage | |||
35.03 | West Side Mini Storage | |||
35.04 | Stor-Yor-Stuff | |||
36 | The Shops at 407 & Corner Shoppes | 0 | 1,134 | 68,025 |
36.01 | Shops at 407 | |||
36.02 | Corner Shoppes | |||
37 | 10 Industrial Avenue | 0 | 3,825 | 0 |
38 | Oak Park Michigan Storage | 0 | 0 | 0 |
39 | Farmington Hills Michigan Storage | 0 | 0 | 0 |
40 | Haight & Fillmore Apartments | 0 | 1,175 | 70,500 |
41 | GoodFriend Self Storage - East Harlem | 0 | 0 | 0 |
42 | Whispering Palms Apartments | 0 | 0 | 0 |
43 | Elite RV & Boat Storage | 0 | 0 | 0 |
44 | Arcadia Shopping Center | 150,000 | 2,917 | 150,000 |
45 | Turtle Creek Apartments | 0 | 0 | 0 |
46 | Walgreens-Burbank | 0 | Springing | 0 |
47 | Village Circle Apartments | 0 | 0 | 0 |
48 | CVS Portfolio | 0 | 0 | 0 |
48.01 | CVS Highland | |||
48.02 | CVS Raytown | |||
49 | La Hacienda Apartments | 0 | 0 | 0 |
50 | 260 Centre Avenue | 0 | 0 | 0 |
51 | Walgreens-Coralville | 0 | Springing | 0 |
52 | Outerbanks Portfolio | 0 | 0 | 0 |
52.01 | Colonial Inn | |||
52.02 | Seahorse Inn | |||
53 | Astoria Portfolio | 100,000 | 1,249 | 0 |
54 | Tramec Sloan Industrial Building | 0 | 2,291 | 0 |
55 | Walgreens-Germantown | 0 | Springing | 0 |
56 | Davita - Lakeport | 0 | Springing | 55,130 |
57 | Oak Park & Pecan Acres MHC Portfolio | 0 | 0 | 0 |
57.01 | Oak Park MHC | |||
57.02 | Pecan Acres MHC | |||
58 | 850-860 Meridian Avenue | 0 | 0 | 0 |
59 | Oakwood Flex Complex | 200,000 | 4,091 | 347,000 |
60 | Peace River Village MHC | 0 | 0 | 0 |
61 | StorQuest Phoenix - Bell Road | 0 | 0 | 0 |
62 | Dunedin Mini Storage | 0 | 0 | 0 |
63 | Dollar General Port Wentworth | 0 | Springing | 0 |
A-1-12
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Debt Service Escrow (Initial) ($) | Debt Service Escrow (Monthly) ($) | Other Escrow I Reserve Description(9) | Other Escrow I (Initial) ($)(9) | Other Escrow I (Monthly) ($) | Other Escrow I Cap ($) |
1 | Two Penn Center | 0 | 0 | Additional Tenant Reserve | 1,142,036 | 0 | 0 |
2 | Amazon @ Atlas | 0 | 0 | 0 | 0 | 0 | |
3 | Tri-State Distribution Center | 0 | 0 | Streamline Funds | 100,000 | 0 | 0 |
4 | Magna Seating HQ | 0 | 0 | Lease Termination Rollover Reserve | 0 | Springing | 0 |
5 | MGM Grand & Mandalay Bay | 0 | 0 | 0 | 0 | 0 | |
5.01 | MGM Grand | ||||||
5.02 | Mandalay Bay | ||||||
6 | Seacrest Homes | 0 | 0 | 0 | 0 | 0 | |
7 | Phoenix Industrial Portfolio V | 0 | 0 | Achievement Reserve (Upfront: $4,000,000); Unfunded Obligations (Upfront: $1,677,345.60) | 5,677,346 | 0 | 0 |
7.01 | Newton | ||||||
7.02 | Fort Smith | ||||||
7.03 | Flint | ||||||
7.04 | Coffeyville | ||||||
8 | Consumer Cellular | 0 | 0 | Consumer Cellular Reserve | 0 | 31,250 | 0 |
9 | 160 Pine Street | 0 | 0 | Existing Rent Concession Reserve ($71,418); Future TI/LC Reserve ($237,000); Future Rent Concession Reserve ($71,595) | 380,013 | 0 | 0 |
10 | Metairie MOB Portfolio | 0 | 0 | 0 | 0 | 0 | |
10.01 | Independence Plaza | ||||||
10.02 | 3530 Houma Boulevard | ||||||
11 | The Ratner | 0 | 0 | 0 | 0 | 0 | |
12 | Burke Town Center | 0 | 0 | 0 | 0 | 0 | |
13 | Southridge Center | 0 | 0 | Ground Rent Fund | 0 | Springing | 0 |
14 | 8800 Baymeadows | 0 | 0 | Tenant Allowance, Tenant Improvement and Leasing Commission Funds | 159,887 | 0 | 0 |
15 | Seaport Homes | 0 | 0 | 0 | 0 | 0 | |
16 | 2209 Sulphur Spring Road | 0 | 0 | Gap Rent | 64,167 | 0 | 0 |
17 | Southeast G6 Portfolio | 0 | 0 | PIP Reserve | 0 | Springing | 0 |
17.01 | Studio 6 Chamblee | ||||||
17.02 | Studio 6 Savannah | ||||||
17.03 | Motel 6 Greenville | ||||||
17.04 | Motel 6 / Studio 6 Augusta | ||||||
18 | Crescent Gateway | 0 | 0 | Unfunded Obligations Reserve | 1,568,482 | 0 | 0 |
19 | Herndon Square | 0 | 0 | 0 | 0 | 0 | |
20 | Aspen Court Apartments | 0 | 0 | Prepaid Rent Reserve | 40,522 | 0 | 0 |
21 | Bensalem Plaza Shopping Center | 0 | 0 | Free Rent - EggMania Reserve | 25,650 | 0 | 0 |
22 | Athens West Shopping Center | 0 | 0 | Outstanding TI/LC Reserve ($260,000); Shortfall Reserve ($160,000) | 420,000 | 0 | 0 |
23 | Chico Mobile Country Club | 0 | 0 | 0 | 0 | 0 | |
24 | Allerand Portfolio 1 | 0 | 0 | Ground Rent Funds | 0 | Springing | 0 |
24.01 | Walgreens Ironton | ||||||
24.02 | Rite Aid Holt | ||||||
24.03 | Walgreens Ashland | ||||||
24.04 | Walgreens Stuarts Draft | ||||||
24.05 | Walgreens Clay | ||||||
24.06 | Walgreens Louisville | ||||||
24.07 | Rite Aid Fremont | ||||||
24.08 | Rite Aid New Baltimore | ||||||
25 | Ontario Gateway | 0 | 0 | Rent Concession Reserve | 28,734 | 0 | 0 |
26 | Cobble Hill Multifamily Portfolio | 0 | 0 | 0 | 0 | 0 | |
26.01 | 181 Court Street | ||||||
26.02 | 131 Smith Street | ||||||
27 | Walgreens Portfolio | 0 | 0 | 0 | 0 | 0 | |
27.01 | Walgreens-Santa Fe | ||||||
27.02 | Walgreens-Morehead City | ||||||
28 | Gateway Business Park | 0 | 0 | 0 | 0 | 0 | |
29 | Dearborn Industrial Portfolio | 0 | 0 | TATILC Funds ($39,000); Rent Concession Funds ($107,875); Existing Violation Reserve ($14,600) | 161,475 | 0 | 0 |
29.01 | 15000 North Commerce Drive | ||||||
29.02 | 3001 Gulley Road | ||||||
29.03 | 15201 Century Drive | ||||||
29.04 | 15301 Century Drive | ||||||
29.05 | 15401 Century Drive | ||||||
29.06 | 15050 North Commerce Drive | ||||||
29.07 | 15300 Rotunda Drive | ||||||
30 | Detroit Chassis | 0 | 0 | 0 | 0 | 0 | |
31 | Goldman Multifamily Portfolio Tranche 5 | 128,249 | 0 | 0 | 0 | 0 | |
31.01 | 7750 South Muskegon Avenue | ||||||
31.02 | 6437 South Kenwood Avenue | ||||||
31.03 | 7836 S. South Shore Drive | ||||||
31.04 | 7810 South Ada Street | ||||||
31.05 | 7760 South Coles Avenue | ||||||
31.06 | 8000 South Justine Street | ||||||
31.07 | 8214 South Ingleside Avenue | ||||||
32 | The Loom | 0 | 0 | 0 | 0 | 0 | |
33 | Walgreens Bayamón | 0 | 0 | 0 | 0 | 0 | |
34 | Sedona Village | 0 | 0 | 0 | 0 | 0 | |
35 | Washington Street Storage Portfolio #2 | 0 | 0 | 0 | 0 | 0 | |
35.01 | Storage Mall Lex Park | ||||||
35.02 | Clarence Self Storage | ||||||
35.03 | West Side Mini Storage | ||||||
35.04 | Stor-Yor-Stuff | ||||||
36 | The Shops at 407 & Corner Shoppes | 209,703 | 0 | 0 | 0 | 0 | |
36.01 | Shops at 407 | ||||||
36.02 | Corner Shoppes | ||||||
37 | 10 Industrial Avenue | 0 | 0 | 0 | 0 | 0 | |
38 | Oak Park Michigan Storage | 0 | 0 | 0 | 0 | 0 | |
39 | Farmington Hills Michigan Storage | 0 | 0 | 0 | 0 | 0 | |
40 | Haight & Fillmore Apartments | 282,476 | 0 | 0 | 0 | 0 | |
41 | GoodFriend Self Storage - East Harlem | 0 | 0 | 0 | 0 | 0 | |
42 | Whispering Palms Apartments | 0 | 0 | 0 | 0 | 0 | |
43 | Elite RV & Boat Storage | 0 | 0 | 0 | 0 | 0 | |
44 | Arcadia Shopping Center | 0 | 0 | 0 | 0 | 0 | |
45 | Turtle Creek Apartments | 0 | 0 | 0 | 0 | 0 | |
46 | Walgreens-Burbank | 0 | 0 | 0 | 0 | 0 | |
47 | Village Circle Apartments | 0 | 0 | 0 | 0 | 0 | |
48 | CVS Portfolio | 0 | 0 | 0 | 0 | 0 | |
48.01 | CVS Highland | ||||||
48.02 | CVS Raytown | ||||||
49 | La Hacienda Apartments | 0 | 0 | Radon Mitigation System | 3,750 | 0 | 0 |
50 | 260 Centre Avenue | 0 | 0 | 0 | 0 | 0 | |
51 | Walgreens-Coralville | 0 | 0 | 0 | 0 | 0 | |
52 | Outerbanks Portfolio | 0 | 0 | Seasonality Reserve | 200,000 | 0 | 0 |
52.01 | Colonial Inn | ||||||
52.02 | Seahorse Inn | ||||||
53 | Astoria Portfolio | 0 | 0 | 0 | 0 | 0 | |
54 | Tramec Sloan Industrial Building | 20,949 | 0 | 0 | 0 | 0 | |
55 | Walgreens-Germantown | 0 | 0 | 0 | 0 | 0 | |
56 | Davita - Lakeport | 0 | 0 | 0 | 0 | 0 | |
57 | Oak Park & Pecan Acres MHC Portfolio | 0 | 0 | Home Reserve | 100,000 | 0 | 0 |
57.01 | Oak Park MHC | ||||||
57.02 | Pecan Acres MHC | ||||||
58 | 850-860 Meridian Avenue | 0 | 0 | 0 | 0 | 0 | |
59 | Oakwood Flex Complex | 70,000 | 0 | 0 | 0 | 0 | |
60 | Peace River Village MHC | 35,000 | 0 | Pump Reserve | 15,000 | 0 | 0 |
61 | StorQuest Phoenix - Bell Road | 0 | 0 | 0 | 0 | 0 | |
62 | Dunedin Mini Storage | 0 | 0 | 0 | 0 | 0 | |
63 | Dollar General Port Wentworth | 0 | 0 | Detention Pond Reserve | 29,326 | 0 | 0 |
A-1-13
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Other Escrow II Reserve Description | Other Escrow II (Initial) ($) | Other Escrow II (Monthly) ($) | Other Escrow II Cap ($) | Holdback(10) | Ownership Interest(11) | Ground Lease Initial Expiration Date(11) | Annual Ground Rent Payment | Annual Ground Rent Increases |
1 | Two Penn Center | Gap Rent Reserve | 14,625 | 0 | 0 | Fee | ||||
2 | Amazon @ Atlas | 0 | 0 | 0 | Fee | |||||
3 | Tri-State Distribution Center | 0 | 0 | 0 | 547,187 | Fee | ||||
4 | Magna Seating HQ | 0 | 0 | 0 | Fee | |||||
5 | MGM Grand & Mandalay Bay | 0 | 0 | 0 | Fee | |||||
5.01 | MGM Grand | Fee | ||||||||
5.02 | Mandalay Bay | Fee | ||||||||
6 | Seacrest Homes | 0 | 0 | 0 | Fee | |||||
7 | Phoenix Industrial Portfolio V | Array Technologies Rollover Reserve | 0 | 63,750 | 0 | Fee | ||||
7.01 | Newton | Fee | ||||||||
7.02 | Fort Smith | Fee | ||||||||
7.03 | Flint | Fee | ||||||||
7.04 | Coffeyville | Fee | ||||||||
8 | Consumer Cellular | 0 | 0 | 0 | Fee | |||||
9 | 160 Pine Street | Structus Reserve Funds | 55,632 | 0 | 0 | Fee | ||||
10 | Metairie MOB Portfolio | 0 | 0 | 0 | Fee | |||||
10.01 | Independence Plaza | Fee | ||||||||
10.02 | 3530 Houma Boulevard | Fee | ||||||||
11 | The Ratner | 0 | 0 | 0 | Fee | |||||
12 | Burke Town Center | 0 | 0 | 0 | Fee | |||||
13 | Southridge Center | 0 | 0 | 0 | Fee and Leasehold | 8/31/2091 | $482,317 | 2.0% every 10 years | ||
14 | 8800 Baymeadows | Material Tenant Rollover Reserve (Springing); Computershare 2023 Rollover Reserve (Springing) | 0 | Springing | 0 | Fee | ||||
15 | Seaport Homes | 0 | 0 | 0 | Fee | |||||
16 | 2209 Sulphur Spring Road | 0 | 0 | 0 | Fee and Leasehold | 2/7/2084 | $1 | |||
17 | Southeast G6 Portfolio | 0 | 0 | 0 | Fee | |||||
17.01 | Studio 6 Chamblee | Fee | ||||||||
17.02 | Studio 6 Savannah | Fee | ||||||||
17.03 | Motel 6 Greenville | Fee | ||||||||
17.04 | Motel 6 / Studio 6 Augusta | Fee | ||||||||
18 | Crescent Gateway | Free Rent Reserve | 460,197 | 0 | 0 | Fee | ||||
19 | Herndon Square | 0 | 0 | 0 | Fee | |||||
20 | Aspen Court Apartments | 0 | 0 | 0 | Fee | |||||
21 | Bensalem Plaza Shopping Center | 0 | 0 | 0 | Fee | |||||
22 | Athens West Shopping Center | Expense Reimbursement Reserve | 38,800 | 0 | 0 | Fee | ||||
23 | Chico Mobile Country Club | 0 | 0 | 0 | Fee | |||||
24 | Allerand Portfolio 1 | 0 | 0 | 0 | Fee and Leasehold | Various | Various | Various | ||
24.01 | Walgreens Ironton | Fee | ||||||||
24.02 | Rite Aid Holt | Fee | ||||||||
24.03 | Walgreens Ashland | Fee | ||||||||
24.04 | Walgreens Stuarts Draft | Fee | ||||||||
24.05 | Walgreens Clay | Fee | ||||||||
24.06 | Walgreens Louisville | Fee and Leasehold | 5/31/2030 | $18,480 | 10% increase from July 8, 2028 through May 31, 2030 | |||||
24.07 | Rite Aid Fremont | Fee | ||||||||
24.08 | Rite Aid New Baltimore | Fee | ||||||||
25 | Ontario Gateway | Existing TI/LC Reserve | 35,000 | 0 | 0 | Fee | ||||
26 | Cobble Hill Multifamily Portfolio | 0 | 0 | 0 | Fee | |||||
26.01 | 181 Court Street | Fee | ||||||||
26.02 | 131 Smith Street | Fee | ||||||||
27 | Walgreens Portfolio | 0 | 0 | 0 | Fee | |||||
27.01 | Walgreens-Santa Fe | Fee | ||||||||
27.02 | Walgreens-Morehead City | Fee | ||||||||
28 | Gateway Business Park | 0 | 0 | 0 | Fee | |||||
29 | Dearborn Industrial Portfolio | 0 | 0 | 0 | 1,700,000 | Fee | ||||
29.01 | 15000 North Commerce Drive | 1,700,000 | Fee | |||||||
29.02 | 3001 Gulley Road | 1,700,000 | Fee | |||||||
29.03 | 15201 Century Drive | 1,700,000 | Fee | |||||||
29.04 | 15301 Century Drive | 1,700,000 | Fee | |||||||
29.05 | 15401 Century Drive | 1,700,000 | Fee | |||||||
29.06 | 15050 North Commerce Drive | 1,700,000 | Fee | |||||||
29.07 | 15300 Rotunda Drive | 1,700,000 | Fee | |||||||
30 | Detroit Chassis | 0 | 0 | 0 | Fee | |||||
31 | Goldman Multifamily Portfolio Tranche 5 | 0 | 0 | 0 | Fee | |||||
31.01 | 7750 South Muskegon Avenue | Fee | ||||||||
31.02 | 6437 South Kenwood Avenue | Fee | ||||||||
31.03 | 7836 S. South Shore Drive | Fee | ||||||||
31.04 | 7810 South Ada Street | Fee | ||||||||
31.05 | 7760 South Coles Avenue | Fee | ||||||||
31.06 | 8000 South Justine Street | Fee | ||||||||
31.07 | 8214 South Ingleside Avenue | Fee | ||||||||
32 | The Loom | 0 | 0 | 0 | Fee | |||||
33 | Walgreens Bayamón | 0 | 0 | 0 | Fee | |||||
34 | Sedona Village | 0 | 0 | 0 | Fee | |||||
35 | Washington Street Storage Portfolio #2 | 0 | 0 | 0 | Fee | |||||
35.01 | Storage Mall Lex Park | Fee | ||||||||
35.02 | Clarence Self Storage | Fee | ||||||||
35.03 | West Side Mini Storage | Fee | ||||||||
35.04 | Stor-Yor-Stuff | Fee | ||||||||
36 | The Shops at 407 & Corner Shoppes | 0 | 0 | 0 | Fee | |||||
36.01 | Shops at 407 | Fee | ||||||||
36.02 | Corner Shoppes | Fee | ||||||||
37 | 10 Industrial Avenue | 0 | 0 | 0 | Fee | |||||
38 | Oak Park Michigan Storage | 0 | 0 | 0 | Fee | |||||
39 | Farmington Hills Michigan Storage | 0 | 0 | 0 | Fee | |||||
40 | Haight & Fillmore Apartments | 0 | 0 | 0 | Fee | |||||
41 | GoodFriend Self Storage - East Harlem | 0 | 0 | 0 | Fee | |||||
42 | Whispering Palms Apartments | 0 | 0 | 0 | Fee | |||||
43 | Elite RV & Boat Storage | 0 | 0 | 0 | Fee | |||||
44 | Arcadia Shopping Center | 0 | 0 | 0 | Fee | |||||
45 | Turtle Creek Apartments | 0 | 0 | 0 | Fee | |||||
46 | Walgreens-Burbank | 0 | 0 | 0 | Fee | |||||
47 | Village Circle Apartments | 0 | 0 | 0 | Fee | |||||
48 | CVS Portfolio | 0 | 0 | 0 | Fee | |||||
48.01 | CVS Highland | Fee | ||||||||
48.02 | CVS Raytown | Fee | ||||||||
49 | La Hacienda Apartments | 0 | 0 | 0 | Fee | |||||
50 | 260 Centre Avenue | 0 | 0 | 0 | Fee | |||||
51 | Walgreens-Coralville | 0 | 0 | 0 | Fee | |||||
52 | Outerbanks Portfolio | 0 | 0 | 0 | Fee | |||||
52.01 | Colonial Inn | Fee | ||||||||
52.02 | Seahorse Inn | Fee | ||||||||
53 | Astoria Portfolio | 0 | 0 | 0 | Fee | |||||
54 | Tramec Sloan Industrial Building | 0 | 0 | 0 | Fee | |||||
55 | Walgreens-Germantown | 0 | 0 | 0 | Fee | |||||
56 | Davita - Lakeport | 0 | 0 | 0 | Fee | |||||
57 | Oak Park & Pecan Acres MHC Portfolio | 0 | 0 | 0 | Fee | |||||
57.01 | Oak Park MHC | Fee | ||||||||
57.02 | Pecan Acres MHC | Fee | ||||||||
58 | 850-860 Meridian Avenue | 0 | 0 | 0 | Fee | |||||
59 | Oakwood Flex Complex | 0 | 0 | 0 | Fee | |||||
60 | Peace River Village MHC | 0 | 0 | 0 | Fee | |||||
61 | StorQuest Phoenix - Bell Road | 0 | 0 | 0 | Fee | |||||
62 | Dunedin Mini Storage | 0 | 0 | 0 | Fee | |||||
63 | Dollar General Port Wentworth | 0 | 0 | 0 | Fee | |||||
A-1-14
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 ($) | Whole Loan U/W NOI DSCR (x) | Whole Loan U/W NCF DSCR (x) | Whole Loan Cut-off Date LTV Ratio | Whole Loan Cut-off Date U/W NOI Debt Yield | Whole Loan Cut-off Date U/W NCF Debt Yield | Mezzanine Debt Cut-off Date Balance($) |
1 | Two Penn Center | Hard/Springing Cash Management | ||||||||||
2 | Amazon @ Atlas | Hard/Springing Cash Management | ||||||||||
3 | Tri-State Distribution Center | Hard/Springing Cash Management | ||||||||||
4 | Magna Seating HQ | Springing | ||||||||||
5 | MGM Grand & Mandalay Bay | Hard/Springing Cash Management | 3,000,000,000 | 9,018,542 | 1,365,800,000 | 1,365,800,000 | 2.70 | 2.70 | 65.2% | 9.7% | 9.7% | |
5.01 | MGM Grand | 1,635,000,000 | 4,915,105 | 744,361,000 | 744,361,000 | 2.70 | 2.70 | 65.2% | 9.7% | 9.7% | ||
5.02 | Mandalay Bay | 1,365,000,000 | 4,103,436 | 621,439,000 | 621,439,000 | 2.70 | 2.70 | 65.2% | 9.7% | 9.7% | ||
6 | Seacrest Homes | Springing | ||||||||||
7 | Phoenix Industrial Portfolio V | Hard/Springing Cash Management | ||||||||||
7.01 | Newton | |||||||||||
7.02 | Fort Smith | |||||||||||
7.03 | Flint | |||||||||||
7.04 | Coffeyville | |||||||||||
8 | Consumer Cellular | Soft/Springing Cash Management | ||||||||||
9 | 160 Pine Street | Hard/Upfront Cash Management | ||||||||||
10 | Metairie MOB Portfolio | Hard/Springing Cash Management | ||||||||||
10.01 | Independence Plaza | |||||||||||
10.02 | 3530 Houma Boulevard | |||||||||||
11 | The Ratner | Hard/Springing Cash Management | ||||||||||
12 | Burke Town Center | Springing | ||||||||||
13 | Southridge Center | Springing | ||||||||||
14 | 8800 Baymeadows | Hard/Upfront Cash Management | ||||||||||
15 | Seaport Homes | Springing | ||||||||||
16 | 2209 Sulphur Spring Road | Hard/Springing Cash Management | ||||||||||
17 | Southeast G6 Portfolio | Hard/Springing Cash Management | 3,000,000 | |||||||||
17.01 | Studio 6 Chamblee | 881,250 | ||||||||||
17.02 | Studio 6 Savannah | 778,125 | ||||||||||
17.03 | Motel 6 Greenville | 750,000 | ||||||||||
17.04 | Motel 6 / Studio 6 Augusta | 590,625 | ||||||||||
18 | Crescent Gateway | Hard/Springing Cash Management | ||||||||||
19 | Herndon Square | Springing | ||||||||||
20 | Aspen Court Apartments | Springing | ||||||||||
21 | Bensalem Plaza Shopping Center | Springing | ||||||||||
22 | Athens West Shopping Center | Hard/Springing Cash Management | ||||||||||
23 | Chico Mobile Country Club | Springing | ||||||||||
24 | Allerand Portfolio 1 | Springing | ||||||||||
24.01 | Walgreens Ironton | |||||||||||
24.02 | Rite Aid Holt | |||||||||||
24.03 | Walgreens Ashland | |||||||||||
24.04 | Walgreens Stuarts Draft | |||||||||||
24.05 | Walgreens Clay | |||||||||||
24.06 | Walgreens Louisville | |||||||||||
24.07 | Rite Aid Fremont | |||||||||||
24.08 | Rite Aid New Baltimore | |||||||||||
25 | Ontario Gateway | Springing | ||||||||||
26 | Cobble Hill Multifamily Portfolio | Springing | ||||||||||
26.01 | 181 Court Street | |||||||||||
26.02 | 131 Smith Street | |||||||||||
27 | Walgreens Portfolio | Hard/Springing Cash Management | ||||||||||
27.01 | Walgreens-Santa Fe | |||||||||||
27.02 | Walgreens-Morehead City | |||||||||||
28 | Gateway Business Park | Springing | ||||||||||
29 | Dearborn Industrial Portfolio | Springing | ||||||||||
29.01 | 15000 North Commerce Drive | |||||||||||
29.02 | 3001 Gulley Road | |||||||||||
29.03 | 15201 Century Drive | |||||||||||
29.04 | 15301 Century Drive | |||||||||||
29.05 | 15401 Century Drive | |||||||||||
29.06 | 15050 North Commerce Drive | |||||||||||
29.07 | 15300 Rotunda Drive | |||||||||||
30 | Detroit Chassis | Hard/Upfront Cash Management | ||||||||||
31 | Goldman Multifamily Portfolio Tranche 5 | Springing | ||||||||||
31.01 | 7750 South Muskegon Avenue | |||||||||||
31.02 | 6437 South Kenwood Avenue | |||||||||||
31.03 | 7836 S. South Shore Drive | |||||||||||
31.04 | 7810 South Ada Street | |||||||||||
31.05 | 7760 South Coles Avenue | |||||||||||
31.06 | 8000 South Justine Street | |||||||||||
31.07 | 8214 South Ingleside Avenue | |||||||||||
32 | The Loom | Hard/Springing Cash Management | ||||||||||
33 | Walgreens Bayamón | Hard/Springing Cash Management | ||||||||||
34 | Sedona Village | Springing | ||||||||||
35 | Washington Street Storage Portfolio #2 | Springing | ||||||||||
35.01 | Storage Mall Lex Park | |||||||||||
35.02 | Clarence Self Storage | |||||||||||
35.03 | West Side Mini Storage | |||||||||||
35.04 | Stor-Yor-Stuff | |||||||||||
36 | The Shops at 407 & Corner Shoppes | Springing | ||||||||||
36.01 | Shops at 407 | |||||||||||
36.02 | Corner Shoppes | |||||||||||
37 | 10 Industrial Avenue | Hard/Springing Cash Management | ||||||||||
38 | Oak Park Michigan Storage | Springing | ||||||||||
39 | Farmington Hills Michigan Storage | Springing | ||||||||||
40 | Haight & Fillmore Apartments | Springing | ||||||||||
41 | GoodFriend Self Storage - East Harlem | Springing | ||||||||||
42 | Whispering Palms Apartments | Springing | ||||||||||
43 | Elite RV & Boat Storage | Springing | ||||||||||
44 | Arcadia Shopping Center | Springing | ||||||||||
45 | Turtle Creek Apartments | Soft/Springing Cash Management | ||||||||||
46 | Walgreens-Burbank | Hard/Springing Cash Management | ||||||||||
47 | Village Circle Apartments | Springing | ||||||||||
48 | CVS Portfolio | Springing | ||||||||||
48.01 | CVS Highland | |||||||||||
48.02 | CVS Raytown | |||||||||||
49 | La Hacienda Apartments | Springing | ||||||||||
50 | 260 Centre Avenue | Springing | ||||||||||
51 | Walgreens-Coralville | Hard/Springing Cash Management | ||||||||||
52 | Outerbanks Portfolio | Springing | ||||||||||
52.01 | Colonial Inn | |||||||||||
52.02 | Seahorse Inn | |||||||||||
53 | Astoria Portfolio | Hard/Springing Cash Management | ||||||||||
54 | Tramec Sloan Industrial Building | Hard/Upfront Cash Management | ||||||||||
55 | Walgreens-Germantown | Hard/Springing Cash Management | ||||||||||
56 | Davita - Lakeport | Hard/Springing Cash Management | ||||||||||
57 | Oak Park & Pecan Acres MHC Portfolio | Springing | ||||||||||
57.01 | Oak Park MHC | |||||||||||
57.02 | Pecan Acres MHC | |||||||||||
58 | 850-860 Meridian Avenue | Springing | ||||||||||
59 | Oakwood Flex Complex | Springing | ||||||||||
60 | Peace River Village MHC | Springing | ||||||||||
61 | StorQuest Phoenix - Bell Road | Springing | ||||||||||
62 | Dunedin Mini Storage | Springing | ||||||||||
63 | Dollar General Port Wentworth | Springing | ||||||||||
A-1-15
ANNEX A-1 — CERTAIN CHARACTERISTICS OF THE MORTGAGE LOANS AND MORTGAGED PROPERTIES
Mortgage Loan Number | Property Name | Pari Passu (Y/N) | Pari Passu Note Control (Y/N) | Pari Passu Piece In-Trust Cut-Off Balance | Pari Passu Piece Non-Trust Cut-Off Balance | Total Cut-off Date Pari Passu Debt | Sponsor(12) | Affiliated Sponsors | Mortgage Loan Number |
1 | Two Penn Center | N | N | Alex Schwartz | 1 | ||||
2 | Amazon @ Atlas | N | N | TechCore, LLC | 2 | ||||
3 | Tri-State Distribution Center | N | Yaakov E. Sod | 3 | |||||
4 | Magna Seating HQ | N | Harbor Group International; Mark Shabad | 4 | |||||
5 | MGM Grand & Mandalay Bay | Y | 36,500,000 | 1,597,700,000 | 1,634,200,000 | BREIT Operating Partnership L.P.; MGM Growth Properties Operating Partnership LP | 5 | ||
5.01 | MGM Grand | 5.01 | |||||||
5.02 | Mandalay Bay | N | 5.02 | ||||||
6 | Seacrest Homes | Y | N | 30,000,000 | 18,000,000 | 48,000,000 | Laisin Leung | Y - Group 1 | 6 |
7 | Phoenix Industrial Portfolio V | Y | 29,774,501 | 64,511,418 | 94,285,919 | Phoenix Investors | 7 | ||
7.01 | Newton | 7.01 | |||||||
7.02 | Fort Smith | 7.02 | |||||||
7.03 | Flint | 7.03 | |||||||
7.04 | Coffeyville | 7.04 | |||||||
8 | Consumer Cellular | N | Walter C. Bowen | 8 | |||||
9 | 160 Pine Street | N | Philip H. Ouyang; Victoria Yuen Ouyang | 9 | |||||
10 | Metairie MOB Portfolio | N | John P. Hamide | 10 | |||||
10.01 | Independence Plaza | 10.01 | |||||||
10.02 | 3530 Houma Boulevard | 10.02 | |||||||
11 | The Ratner | N | Paragon Real Estate Fund, LLC | 11 | |||||
12 | Burke Town Center | N | Reco Holdings LLC | 12 | |||||
13 | Southridge Center | N | E. Stanley Kroenke | Y - Group 2 | 13 | ||||
14 | 8800 Baymeadows | N | Jeremy R. McLendon; Ted M. Sherman | 14 | |||||
15 | Seaport Homes | Y | 18,000,000 | 14,000,000 | 32,000,000 | Laisin Leung | Y - Group 1 | 15 | |
16 | 2209 Sulphur Spring Road | N | Aminim Properties LLC; AP Aminim Properties LP; Ephraim Kriel | 16 | |||||
17 | Southeast G6 Portfolio | N | Subhash Patel; Vijaykumar Patel | 17 | |||||
17.01 | Studio 6 Chamblee | 17.01 | |||||||
17.02 | Studio 6 Savannah | N | 17.02 | ||||||
17.03 | Motel 6 Greenville | N | 17.03 | ||||||
17.04 | Motel 6 / Studio 6 Augusta | 17.04 | |||||||
18 | Crescent Gateway | Y | 15,929,166 | 31,858,332 | 47,787,499 | Gregory Fernebok; Robert Scheer | 18 | ||
19 | Herndon Square | Y | Y | 15,477,747 | 14,978,465 | 30,456,211 | BRIT Limited Partnership | 19 | |
20 | Aspen Court Apartments | N | Rolf A. Anderson; Jonathan P. Sauser | 20 | |||||
21 | Bensalem Plaza Shopping Center | N | Michael S. Pearlstein | 21 | |||||
22 | Athens West Shopping Center | N | Ian Ross | 22 | |||||
23 | Chico Mobile Country Club | N | Richard V. Bowling, Jr.; Kathleen S. Bowling; The Bowling Revocable Trust | 23 | |||||
24 | Allerand Portfolio 1 | N | Richard J. Sabella | Y - Group 4 | 24 | ||||
24.01 | Walgreens Ironton | Y - Group 4 | 24.01 | ||||||
24.02 | Rite Aid Holt | Y - Group 4 | 24.02 | ||||||
24.03 | Walgreens Ashland | Y - Group 4 | 24.03 | ||||||
24.04 | Walgreens Stuarts Draft | Y - Group 4 | 24.04 | ||||||
24.05 | Walgreens Clay | Y - Group 4 | 24.05 | ||||||
24.06 | Walgreens Louisville | Y - Group 4 | 24.06 | ||||||
24.07 | Rite Aid Fremont | Y - Group 4 | 24.07 | ||||||
24.08 | Rite Aid New Baltimore | Y - Group 4 | 24.08 | ||||||
25 | Ontario Gateway | N | James L. Previti | 25 | |||||
26 | Cobble Hill Multifamily Portfolio | N | Abe Richard Cohen; Jeffrey Lefkovits | 26 | |||||
26.01 | 181 Court Street | 26.01 | |||||||
26.02 | 131 Smith Street | 26.02 | |||||||
27 | Walgreens Portfolio | N | Y - Group 3 | 27 | |||||
27.01 | Walgreens-Santa Fe | Y - Group 3 | 27.01 | ||||||
27.02 | Walgreens-Morehead City | Y - Group 3 | 27.02 | ||||||
28 | Gateway Business Park | N | Daniel Joseph Lautner; The Lautner Family Trust Dated May 14, 2015 | 28 | |||||
29 | Dearborn Industrial Portfolio | N | Adel Abdullah Al-Mansoob | 29 | |||||
29.01 | 15000 North Commerce Drive | 29.01 | |||||||
29.02 | 3001 Gulley Road | 29.02 | |||||||
29.03 | 15201 Century Drive | 29.03 | |||||||
29.04 | 15301 Century Drive | 29.04 | |||||||
29.05 | 15401 Century Drive | 29.05 | |||||||
29.06 | 15050 North Commerce Drive | 29.06 | |||||||
29.07 | 15300 Rotunda Drive | 29.07 | |||||||
30 | Detroit Chassis | N | Meshulam Martin | 30 | |||||
31 | Goldman Multifamily Portfolio Tranche 5 | N | Goldman Investments; Hadar Goldman; Alpha Inv 259 - South Chicago II, LLC | 31 | |||||
31.01 | 7750 South Muskegon Avenue | 31.01 | |||||||
31.02 | 6437 South Kenwood Avenue | 31.02 | |||||||
31.03 | 7836 S. South Shore Drive | 31.03 | |||||||
31.04 | 7810 South Ada Street | 31.04 | |||||||
31.05 | 7760 South Coles Avenue | 31.05 | |||||||
31.06 | 8000 South Justine Street | 31.06 | |||||||
31.07 | 8214 South Ingleside Avenue | 31.07 | |||||||
32 | The Loom | N | Elliot C. Mamiye; Charles Mamiye; Solomon Barnathan; Steven Chera | 32 | |||||
33 | Walgreens Bayamón | N | Marc Jacobowitz; Yerachmael Jacobson | 33 | |||||
34 | Sedona Village | N | E. Stanley Kroenke | Y - Group 2 | 34 | ||||
35 | Washington Street Storage Portfolio #2 | N | Jonathan Salinas; Washington Street Investment Partners LLC | 35 | |||||
35.01 | Storage Mall Lex Park | 35.01 | |||||||
35.02 | Clarence Self Storage | 35.02 | |||||||
35.03 | West Side Mini Storage | 35.03 | |||||||
35.04 | Stor-Yor-Stuff | 35.04 | |||||||
36 | The Shops at 407 & Corner Shoppes | N | Jose Chacalo Hilu; Elias Husni Hanono | 36 | |||||
36.01 | Shops at 407 | 36.01 | |||||||
36.02 | Corner Shoppes | 36.02 | |||||||
37 | 10 Industrial Avenue | N | Howard Wasserman; Ezra Samuel Moche | 37 | |||||
38 | Oak Park Michigan Storage | N | Kim E. Zeune | Y - Group 5 | 38 | ||||
39 | Farmington Hills Michigan Storage | N | Kim E. Zeune | Y - Group 5 | 39 | ||||
40 | Haight & Fillmore Apartments | N | Robert E. Shelton | 40 | |||||
41 | GoodFriend Self Storage - East Harlem | N | Beth L. Eidman; Elise L. Miller; Robin S. Miller | 41 | |||||
42 | Whispering Palms Apartments | N | J. Russ Davis, Jr.; J. Ronald Terwilliger | 42 | |||||
43 | Elite RV & Boat Storage | N | Hugh D. Cohen; Brian E. Boehmcke; Joel T. Flax; HIC Haxall Fund I LP; John Georghiou; | 43 | |||||
44 | Arcadia Shopping Center | N | H. Blake Tartt III | 44 | |||||
45 | Turtle Creek Apartments | N | Mark A. Muselman | 45 | |||||
46 | Walgreens-Burbank | N | Karen E. Kennedy | 46 | |||||
47 | Village Circle Apartments | N | Jeremiah Bass; Brian Anthony Selmo | 47 | |||||
48 | CVS Portfolio | N | Richard J. Sabella | Y - Group 4 | 48 | ||||
48.01 | CVS Highland | Y - Group 4 | 48.01 | ||||||
48.02 | CVS Raytown | Y - Group 4 | 48.02 | ||||||
49 | La Hacienda Apartments | N | Aandrea Carter | 49 | |||||
50 | 260 Centre Avenue | N | David A. Roth; David Dabakarov | 50 | |||||
51 | Walgreens-Coralville | N | Y - Group 3 | 51 | |||||
52 | Outerbanks Portfolio | N | Rajesh Lakhani | 52 | |||||
52.01 | Colonial Inn | 52.01 | |||||||
52.02 | Seahorse Inn | 52.02 | |||||||
53 | Astoria Portfolio | N | Barry McKenna | 53 | |||||
54 | Tramec Sloan Industrial Building | N | Norman Lynn | 54 | |||||
55 | Walgreens-Germantown | N | Y - Group 3 | 55 | |||||
56 | Davita - Lakeport | N | Yu Sun; Gongyuan Ding; Jie Wen | 56 | |||||
57 | Oak Park & Pecan Acres MHC Portfolio | N | Michael D. Hyatt; Kris Hodges | 57 | |||||
57.01 | Oak Park MHC | 57.01 | |||||||
57.02 | Pecan Acres MHC | 57.02 | |||||||
58 | 850-860 Meridian Avenue | N | Linton Grant; Gary Grant | 58 | |||||
59 | Oakwood Flex Complex | N | Helmuth A. Stahlecker III | 59 | |||||
60 | Peace River Village MHC | N | Mario Dattilo; Douglas A. Dattilo; Sandra Hauber; Roland Hauber; Joint Revocable Trust of Roland Hauber and Sandra Hauber | 60 | |||||
61 | StorQuest Phoenix - Bell Road | N | William W. Hobin; Clark W. Porter; Timothy B. Hobin | 61 | |||||
62 | Dunedin Mini Storage | N | Richard J. O’Brien | 62 | |||||
63 | Dollar General Port Wentworth | N | Sandra Lynn Kern | 63 | |||||
A-1-16
FOOTNOTES TO ANNEX A-1 | |||
See “Annex A-3: Summaries of the Fifteen Largest Mortgage Loans” in the Preliminary Prospectus for additional information on the 15 largest mortgage loans. | |||
(1) | “WFB” denotes Wells Fargo Bank, National Association, “Barclays” denotes Barclays Capital Real Estate Inc., “BSPRT” denotes BSPRT CMBS Finance, LLC, “LMF” denotes LMF Commercial, LLC, “UBS AG” denotes UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York, and “AREF” denotes Argentic Real Estate Finance LLC | ||
(2) | For mortgage loan #3 (Tri-State Distribution Center), the Number of Units includes 221,830 square feet of industrial space and 27,417 square feet of office space. | ||
For mortgage loan #4 (Magna Seating HQ), the Number of Units is approximately 65% office space, 20% R&D space, and 15% high-bay industrial space. | |||
For mortgage loan #5 (MGM Grand & Mandalay Bay), each of the related mortgaged properties consist of a resort and casino and, as of the trailing twelve months ending December 31, 2020 (i) with respect to the Mandalay Bay mortgaged property, approximately 35.0% of the revenues were from hotel rooms, approximately 22.0% of the revenues were from gaming, approximately 22.5% of the revenues were from food and beverage, and approximately 20.6% of the revenues were from other sources and (ii) with respect to the MGM Grand mortgaged property, approximately 26.2% of the revenues were from hotel rooms, approximately 30.6% of the revenues were from gaming, approximately 20.0% of the revenues were from food and beverage, and approximately 23.2% of the revenues were from other sources. | |||
For mortgage loan #9 (160 Pine Street), the Number of Units includes 76,271 square feet of office space and 11,903 square feet of ground floor and basement retail space. | |||
For mortgage loan #10 (Metairie MOB Portfolio), two of the mortgaged properties, Independence Plaza Property and the 3530 Houma Boulevard Property, are comprised of office, medical office, and retail space. The Independence Plaza Property consists of 29,217 square feet, 17,288 square feet, and 6,108 square feet of medical office, in-line retail, and freestanding retail, respectively, totaling 52,613 square feet (61.6% of Portfolio NRA). The 3530 Houma Boulevard Property consists of 32,852 square feet of medical office space (38.4% of Portfolio NRA). | |||
For mortgage loan #18 (Crescent Gateway), the the Number of Units includes 112,943 square feet of office space and 31,786 square feet of retail space. | |||
For mortgage loan #19 (Herndon Square), the Number of Units includes 149,284 square feet of flex office space, 87,937 square feet of traditional office space and 26,286 square feet of data center space. | |||
For mortgage loan #26 (Cobble Hill Multifamily Portfolio), two of the mortgaged properties, 181 Court Street Property, and 131 Smith Street Property, are comprised of multifamily and retail space. The 181 Court Street Property is comprised of 4,200 square feet of multifamily space (6 units) and 1,695 square feet of retail space. The 131 Smith Street Property is comprised of 3,250 square feet of multifamily space (5 units) and 1,400 square feet of retail space. | |||
For mortgage loan #37 (10 Industrial Avenue), the Number of Units includes 64,824 square feet of industrial space and 26,984 square feet of office space. | |||
For mortgage loan #40 (Haight & Fillmore Apartments), the Number of Units reflects residential units. The mortgaged property also includes 4,700 square feet of commercial space. | |||
For mortgage loan #43 (Elite RV & Boat Storage), the units are catered specifically for RV parking storage and to a lesser extent, boat storage. | |||
A-1-17
For mortgage loan #59 (Oakwood Flex Complex), the Number of Units includes 31,076 square feet of flex industrial space and 26,679 square feet of office space. | |
(3) | For mortgage loan #29 (Dearborn Industrial Portfolio), the loan agreement identifies four separate individual mortgaged properties each constituting a single tax parcel, identified as the Gulley Property, the Commerce Property, the 15201 Century Property and the 15301 Century Property. Certain of the seven individual properties listed on Annex A-1 constitute individual buildings and related land located within one of such four mortgaged properties identified in the loan agreement. The properties identified on Annex A-1 as 15000 North Commerce Drive and 15050 North Commerce Drive are both part of the Commerce Property, and the properties identified on Annex A-1 as 15301 Century Drive, 15401 Century Drive and 15300 Rotunda Drive are each part of the 15301 Century Property. The borrower is permitted to obtain the free release (without prepayment or defeasance) of the buildings located at 15050 North Commerce Drive and 15301 Century Drive, together with certain related land (collectively, the “Dearborn Free Release Collateral”), as described in the prospectus under “Certain Terms of the Mortgage Loans—Releases; Partial Releases. |
(4) | For mortgage loan #30 (Detroit Chassis), the mortgage loan has a five-day grace period for any late fees only once during the loan term. |
(5) | For mortgage loan #5 (MGM Grand & Mandalay Bay), the Appraised Value of $4,600,000,000 represents the appraised value solely with respect to real property at the MGM Grand & Mandalay Bay mortgaged properties, excluding personal property and intangible property attributable to the MGM Grand & Mandalay Bay mortgaged properties (the “Aggregate Real Property Appraised Value”). The appraisal also includes an “As Leased Sale Leaseback Appraised Value,” which is equal to the Aggregate Real Property Appraised Value. The Appraised Value of $7,352,600,000 (“Aggregate As Is Appraised Value”) as of January 10, 2020, includes personal property and intangible property attributable to the MGM Grand & Mandalay bay mortgaged Properties. The personal property and intangible property relating to the MGM Grand & Mandalay Bay mortgaged properties is owned by the MGM tenant or certain sublessees at the MGM Grand & Mandalay Bay mortgaged properties that are wholly owned subsidiaries of MGM (the “MGM/Mandalay Operating Subtenants”) (as more particularly provided in the master lease), which granted a security interest in certain property of the MGM tenant and the MGM/Mandalay Operating Subtenants (with certain exclusions, including an exclusion for the intellectual property of MGM tenant (as more particularly described in the master lease); and provided that the FF&E is only transferred to the MGM Grand & Mandalay Bay borrowers at no cost in the event of a termination of the master lease due to an event of default by the MGM tenant thereunder) in favor of the MGM Grand & Mandalay Bay borrowers, and such security interest was collaterally assigned by the MGM Grand & Mandalay Bay borrowers to the mortgage lender. |
For mortgage loan #7 (Phoenix Industrial Portfolio V), the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD are based on a combined appraised value of the related mortgaged properties of $145,300,000, which utilizes a $46,500,000 “as-stabilized” valuation for the Fort Smith mortgaged property, as the conditions set forth in the related appraisal for using such valuation (namely, a 90.0% stabilized occupancy and market rent of $3.50 PSF NNN and a market lease term of five years) were satisfied when the QualServ Solutions LLC lease was executed at $3.65 PSF NNN for a five-year term, increasing the occupancy at the Fort Smith property to 90.5%. | |
For mortgage loan #18 (Crescent Gateway), the Appraised Value represents the “As-Is Hypothetical” value of $75,400,000 as of December 2, 2020, which assumes that the Fourth Largest Tenant, Pulse Fitness, is in place at the mortgaged property with no TI allowance or free rent obligation outstanding. As of January 28, 2021, Pulse Fitness has taken possession of its space and is currently performing its tenant build out. Pulse Fitness will receive nine months of free rent commencing on the earlier of 180 days from the date of possession or upon substantial completion of its space buildout. All applicable gap rent and unfunded TI obligations related to Pulse Fitness was reserved for at closing. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD based on the “As-Is” value of $74,800,000 are 63.9% and 51.0%, respectively. | |
For mortgage loan #20 (Aspen Court Apartments), the Appraised Value reflects an “as-complete” appraised value, which assumes the completion of 12 additional units. The Appraised Value without the completion assumption is $21,600,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD | |
A-1-18
assuming the $21,600,000 value are 66.1% and 54.6%, respectively. At origination, the borrower deposited $175,483 into an upfront engineering reserve account, which is 115% of remaining costs to complete the additional units. Completion of the additional units is anticipated in Q4 2021. | |
For mortgage loan #35 (Washington Street Storage Portfolio #2), the Appraised Value reflects an “as-bulk” appraised value, which includes a diversity premium based on an assumption that all of the mortgaged properties would be sold together as a portfolio. The Appraised Value assuming no portfolio level diversity premium is $11,150,000. The Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD assuming the $11,150,000 value are 65.0% and 59.4%, respectively. | |
For mortgage loan #53 (Astoria Portfolio), the borrower has applied for the Mortgaged Property to receive a 25-year tax abatement (the “ICAP Abatement”) pursuant to the Industrial and Commercial Abatement Program from the New York City Department of Finance (the “Tax Abatement Program”). The 25-year ICAP Abatement would result in an abated level of taxes that phases out over a 25-year period with 100% of the benefit realized in years 1 through 16, with the phase out occurring in 10% increments in each of the remaining years. The borrower has represented and warranted that it has satisfied all requirements for the mortgaged property to be eligible for the 25-year abatement benefits under the Tax Abatement Program in accordance with all legal requirements. The loan is recourse to the borrower and non-recourse carveout guarantor until delivery of evidence satisfactory to the lender (including delivery of a tax bill issued by the applicable department) that (1) the mortgaged property has satisfied all requirements to be eligible to receive the benefits under the Tax Abatement Program and (2) the mortgaged property has been granted the 25-year abatement benefits under the Tax Abatement Program, however, such recourse liability is capped at $1,850,000, plus any related deficiency in the tax reserve due to failure to obtain the 25-year abatement benefits under the Tax Abatement Program and costs and expenses incurred by the lender in connection with the enforcement of the liability. The mortgage loan was underwritten based on the 15-year average real estate taxes, after giving effect to the ICAP Abatement. Based on the unabated real estate taxes, the U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 1.10x, 1.07x, 6.6% and 6.4%, respectively, compared to U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield of 1.46x, 1.43x, 8.9% and 8.7% based on the abated taxes. The appraised value of the mortgaged property includes $1,000,000 attributable to the net present value of the ICAP Abatement. If such $1,000,000 amount is deducted from the appraised value of $6,800,000, the Cut-off Date LTV Ratio and LTV Ratio at Maturity or ARD of the Mortgage Loan would be 66.4% and 60.7% respectively, compared to 56.6% and 51.8% based on the full appraised value, including the ICAP abatement. There can be no assurance as to what the value of the Mortgaged Property would be if the ICAP abatement is not obtained. In addition, if the ICAP is obtained, based on the remaining ICAP Abatement at loan maturity, the LTV Ratio at Maturity or ARD will be approximately 56.8%, compared to the LTV Ratio at Maturity or ARD of 51.8% based on the full $1,000,000 amount attributed to the ICAP Abatement in the appraisal. We cannot assure you that the ICAP Abatement will be obtained. | |
(6) | 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 related Mortgage Properties, certain of such tenants have not taken possession or commenced paying rent or are not yet fully operational or may have subleased a portion of the leased space. For more information see “Description of the Mortgage Pool—Tenant Issues—Other” and the Annex A-3 in this prospectus for additional information. |
For mortgage loan #18 (Crescent Gateway), the Largest Tenant (40,472 square feet), representing 28.2% of net rentable square footage, subleases its entire space to five subtenants: Liquidity Services, Inc. (18,412 square feet through April 30, 2023 at a rate of $26.78 per square foot), Meridian Senior Living, LLC (9,404 square feet through April 30, 2023 at a rate of $28.12 per square foot), CareMetx, LLC (5,475 square feet through April 30, 2023 at a rate of $28.12 per square foot), Capital Investment Associates Corporation (4,027 square feet through April 30, 2023 at a rate of $29.81 per square foot) and Summit Global Ventures (3,424 square feet through April 30, 2023 at a rate of $28.21 per square foot). The Fourth Largest Tenant, CareMetx, LLC, signed a new direct lease on a 6,267 square foot space on the fourth floor at $36.00 per square feet through June 30, 2028, which space will be automatically increased to include the subleased space at a rate of $30.42 per square feet that will commence upon the sublease expiration on April 30, 2023. | |
A-1-19
For mortgage loan #29 (Dearborn Industrial Portfolio), the third largest tenant at the 15201 Century Drive mortgaged property (4,800 square feet), representing 2.5% of the net rentable square feet of the mortgaged properties comprising the portfolio (excluding the Dearborn Free Release Collateral), has a free rent period occurring in May 2021 and June 2022. At origination, $5,900 was reserved for such free rent period. The sole tenant at the 15301 Century Drive mortgaged property (35,963 square feet), representing 19.0% of the net rentable square feet of the mortgaged properties comprising the portfolio (excluding the Dearborn Free Release Collateral), has a free rent period occurring in January 2022, February 2023 and March 2024. At origination, $72,205 was reserved for such free rent period. The largest tenant at the 15401 Century Drive mortgaged property (15,600 square feet), representing 8.2% of the net rentable square feet of the mortgaged properties comprising the portfolio (excluding the Dearborn Free Release Collateral), has a free rent period occurring in December 2021. At origination, $10,140 was reserved for such free rent period. | |
For mortgage loan #59 (Oakwood Flex Complex), the Fourth Largest Tenant (4,274 square feet), representing 7.4% of net rentable square footage, subleases 1,000 square feet for storage use for a total annual base rent of $14,400 ($14.40 per square foot expiring on January 15, 2023). | |
(7) | Certain tenants may have lease termination options that are exercisable prior to the originally stated expiration date of the subject lease. In particular, with respect to (i) single tenant properties, (ii) the largest 5 tenants with respect to the largest 15 mortgage loans and (iii) tenants that, or affiliated tenants that (in the aggregate), occupy 50% or more of the net rentable area of, or represent 50% or more of the underwritten revenues of related Mortgaged Properties, certain of such tenants have unilateral termination options or termination options related to lack of appropriations with respect to all or a portion of their space. See “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Terminations” in this prospectus for additional information, as well as the charts entitled “Major Tenants” and “Lease Expiration Schedules” for the 15 largest mortgage loans or groups of cross-collateralized mortgage loans presented on Annex A-3 to this prospectus. |
For mortgage loan #22 (Athens West Shopping Center), the third largest tenant (22,000 square feet), has a sales kickout clause per the lease. Tenant may terminate the lease at any time after the first 60 months of the term if the tenant’s annual gross sales were less than $2.25 million during any consecutive 12 month period. Tenant must provide 270-day notice to landlord of its intent to terminate the lease. | |
For mortgage loan #25 (Ontario Gateway), the third largest tenant (10,179 square feet), representing 13.1% of net rentable square feet, has three separate leases, each with three one-time rights to terminate. 5,219 net rentable square feet, representing 6.7% of net rentable square feet, has a one-time right to terminate its lease effective December 31, 2023 with written notice no later than December 1, 2023, 3,204 net rentable square feet, representing 4.1% of net rentable square feet, has a one-time right to terminate its lease effective June 30, 2024 with written notice no later than May 31, 2024, and 1,756 net rentable square feet, representing 2.3% of net rentable square feet, has a one-time right to terminate its lease effective March 31, 2023 with written notice no later than March 1, 2023. | |
For mortgage loan #26 (Cobble Hill Multifamily Portfolio), the second largest retail tenant at the 131 Smith Street Property (355 square feet), representing 25.4% of the net rentable square feet of the 131 Smith Street Property, has a termination option at any time during the term of the lease by providing 90 days’ prior written notice. | |
For mortgage loan #36 (The Shops at 407 & Corner Shoppes), the largest tenant at the Shops at 407 mortgaged property (4,100 square feet), representing 15.1% of the net rentable square feet of the mortgaged properties comprising the portfolio, has a one-time right to terminate its lease effective on June 30, 2027 with six months’ written notice and payment of a termination fee equal to the unamortized portion of brokerage commissions and tenant improvement allowance amortized on a straight-line basis over a 10 year period. | |
For mortgage loan #36 (The Shops at 407 & Corner Shoppes), the fifth largest tenant at the Corner Shoppes mortgaged property (2,361 square feet), representing 8.7% of the net rentable square feet of the mortgaged properties comprising the portfolio, has a one-time right to terminate its lease, provided that: (i) the termination option can only be exercised by providing written notice during the 30 day | |
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period after May 31, 2024, (ii) the tenant’s total gross receipts during June 1, 2023 to May 31, 2024 do not exceed $1,200,000 and are confirmed via a verified sales report and (iii) the tenant pays a termination fee equal to the unamortized amount of the brokerage commissions and the tenant improvement allowance, amortized on a straight-line basis over a 10 year period. If all of the requirements are met, the lease will expire on May 31, 2025. The fifth largest tenant at the Shops at 407 mortgaged property (1,071 square feet), representing 3.9% of the net rentable square feet of the mortgaged properties comprising the portfolio, has a one-time right to terminate its lease, provided that: (i) the termination option can only be exercised by providing written notice after August 31, 2022 and before May 31, 2029, (ii) the tenant’s average gross receipts are less than $450,000 in any trailing twelve-month period after August 31, 2022 and are confirmed via a verified sales report, (iii) written notice is provided during the notice period referenced earlier and less than six months after a sales threshold event and (iv) the tenant pays a termination fee equal to three months of the then current rent and tenant’s proportionate share of the shopping center’s operation cost if the termination notice is delivered prior to September 1, 2025. If all of the requirements are met, the lease will expire on the twelfth full calendar month after landlord’s receipt of the termination notice. | |
For mortgage loan #53 (Astoria Portfolio), the second largest tenant (4,500 square feet), representing 25.5% of the net rentable square feet, has the right to terminate its lease at any time upon 120 days’ written notice and payment of a termination fee equal to the unamortized brokerage commissions. In addition, the tenant must forfeit its security deposit of $18,500. | |
(8) | For mortgage loan #25 (Ontario Gateway), the third largest tenant (10,179 square feet), representing 13.1% of net rentable square feet, has multiple lease expirations. 5,219 net rentable square feet expires in December 2027, 3,204 net rentable square feet expires in June 2028, and 1,756 square feet expires in March 2027. |
(9) | For mortgage loan #52 (Outerbanks Portfolio), the mortgage loan is structured with a seasonality reserve of $430,000, of which $200,000 was reserved by the borrower at mortgage loan origination. On each payment date occurring in May 2021 through and including November 2021, the borrower is required to deposit with the lender the greater of (a) all excess cash flow from the prior month or (b) $32,857.14, until such time as amounts on deposit in the seasonality reserve equal $430,000. In addition to the foregoing, commencing on the payment date occurring in May 2022 and continuing through November 2022 (and each May through November inclusive thereafter) the borrower will be required to deposit with the lender such additional funds as set forth in accordance with the terms of the mortgage loan documents. |
(10) | For mortgage loan #3 (Tri-State Distribution Center), all LTVs, DSCRs and Debt Yields are calculated assuming the full loan net of the reserve amount of $547,187. The borrower deposited $380,963 and $166,224, respectively, into an outstanding obligations reserve at origination with respect to the leases for the two largest tenants at the Mortgaged Property, New York Produce, Inc. (27.8% of NRA) and PowerPak Civil & Safety, LLC (26.5% of NRA), which funds will be disbursed in the amount reserved for the applicable lease upon the satisfaction of certain conditions set forth in the related Mortgage Loan documents, including, but not limited to: (i) the applicable tenant has taken possession of, and is open for business in, its leased premises; and (ii) such tenant is paying full unabated rent. The Mortgage Loan documents provide that the lender will, in its sole discretion, apply the funds in such reserve to prepay a portion of the Mortgage Loan, and the borrower will be required to pay the yield maintenance premium applicable thereto, in the event that the outstanding obligations reserve funds have not been released to borrower prior to the payment date occurring in April 2024. Assuming the full reserve balance is not applied to the full loan amount of $41,000,000, Cut-off Date LTV Ratio, LTV Ratio at Maturity or ARD, U/W NOI DSCR, U/W NCF DSCR, U/W NOI Debt Yield and U/W NCF Debt Yield are 65.1%, 65.1%, 1.44x, 1.43x, 7.0% and 6.9%, respectively. |
For mortgage loan #29 (Dearborn Industrial Portfolio), All LTVs, DSCRs and Debt Yields are calculated assuming the full loan amount of $9,200,000. The borrower was required to escrow $1,700,000 at origination related to the release of the Dearborn Free Release Collateral once the related tax parcels are split. Provided no event of default has occurred and is continuing, the funds in the reserve will be disbursed to the borrower within 30 days after the borrower’s written request following the completion of the partial release. If any funds remain on February 16, 2026, such funds are required to be used to prepay all or a portion of the loan, without payment of any yield maintenance premium or prepayment fee. Net of the $1,700,000 holdback, the Cut-Off Date UW NOI Debt Yield and Cut-Off Date UW NCF | |
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Debt Yield are 15.2% and 14.1%, respectively. Based on the gross loan amount, the Cut-Off Date UW NOI Debt Yield and Cut-Off Date UW NCF Debt Yield are 12.4% and 11.5%, respectively. | |
(11) | For mortgage loan #11 (The Ratner), the second largest tenant (6,126 square feet), representing 4.2% of net rentable square feet, has multiple lease expirations. 3,828 net rentable square feet expires in August 2024, 1,724 net rentable square feet expires in June 2021, and 574 net rentable square feet expires in August 2021. |
For mortgage loan #13 (Southridge Center), two parcels at the mortgaged property are subject to two separate ground leases with Ridge Line, Inc. as the ground lessor, both of which ground leases are dated as of May 19, 1993 and have an expiration date of August 31, 2091 with no extension options. The total current rent due under the ground leases is $482,316.96 annually; rent increases are according to the ground lease agreements. On each payment date during a cash management trigger event period or a cash sweep event period, the borrower is required to deposit with the lender monthly ground rent deposit. | |
For mortgage loan #24 (Allerand Portfolio 1), a portion of the Walgreens Louisville Property is subject to a ground lease with Marc Angelo Clark and Liam Edmund Clark, as the ground lessor, which ground lease is dated as of July 8, 1997 and has an expiration of May 31, 2030 with 6 5-year extension options. The current annual rent due under the ground lease is $18,480. | |
For mortgage loan #37 (10 Industrial Avenue), the second largest tenant (18,672 square feet), representing 26.6% of net rentable square feet, has multiple lease expirations. 18,672 net rentable square feet expires in February 2023 and 5,782 net rentable square feet expires in August 2021. | |
For mortgage loan #41 (GoodFriend Self Storage - East Harlem), the mortgage loan is secured by the borrower’s fee simple interest in a land parcel, beneath a 31,131 square feet self-storage property located at 166 East 124th Street, New York, New York. The borrower, as landlord, leased the premises to 166 East 124th St. Storage, LLC, pursuant to a ground lease that expires on December 31, 2066. The current annual ground rent is $720,000, which increases to $792,000 annually beginning in January 2023, and increases to $871,200 annually beginning in January 2028. | |
(12) | For mortgage loan #4 (Magna Seating HQ), the property managers include an affiliated property manager, Harbor Group Management Co., LLC, and an unaffiliated property manager, Friedman Real Estate Management. |
For mortgage loan #10 (Metairie MOB Portfolio), the largest tenant (26,647 square feet), is owned by an affiliate of the borrower. | |
For mortgage loan #25 (Ontario Gateway), the second largest tenant (14,138 square feet), representing 18.1% of net rentable square feet, is owned by an affiliate of the borrower. | |
For mortgage loan #53 (Astoria Portfolio), the third largest tenant (4,436 square feet), representing 25.2% of the net rentable square feet, is owned by an affiliate of the borrower. |
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